Nonprofit · EIN 30-0275435
VERMONT CENTER FOR EMERGING TECHNOLOGIES INC
Tax-exempt · BURLINGTON, VT 05405
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,564,020 | $510,526 | $1,053,494 | $15,018,335 | $8,534,444 | $6,483,891 |
| June 30, 2024 | 990 | $1,525,973 | $939,858 | $586,115 | $13,421,803 | $8,200,337 | $5,221,466 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,507,458
- of which government grants
- $1,415,448
- Program service revenue
- $151,224
- Investment income
- -$74,550
- Net gain from sales of assets
- -$123,413
- Other revenue
- -$20,112
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $204,343
- Other salaries and wages
- $118,172
- Salaries, compensation and benefits (total)
- $357,596
- Professional fundraising fees
- $0
- Legal fees
- $2,640
- Accounting fees
- $21,550
- Occupancy
- $20,741
- Travel
- $12,880
- Depreciation
- $10,282
- Program services (functional)
- $408,417
- Management and general (functional)
- $76,581
- Fundraising (functional)
- $25,528
Balance sheet and other
- Total assets, start of year
- $13,421,803
- Total assets, end of year
- $15,018,335
- Total liabilities, end of year
- $8,534,444
- Net assets, end of year
- $6,483,891
- Land, buildings and equipment
- $245,937
- Publicly traded securities
- $10,801,578
- Net assets without donor restrictions
- $6,483,891
- Gross unrelated business income
- -$143,525
- Gross receipts
- $1,687,433
- Employees
- 6
- Year formed
- 2003
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID BRADBURY | PRESIDENT Officer | 40 | $267,633 | $68,596 |
| SAMANTHA ROACH-GERBER | VICE-PRESIDE Officer | 20 | $103,095 | $29,470 |
| FRANK CIOFFI | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| BRIAR ALPERT | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ELIZABETH ROBINSON | SEC. & TREAS Trustee or director, Officer | 2 | $0 | $0 |
| JANETTE BOMBARDIER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL LANE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT BAILEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GAVIN BERGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROB FOREGGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LISA GROENEVELD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID ARONOFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BASHIR ABDALLAH | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID BRADBURY | PRESIDENT Officer | 40 | $254,500 | $61,018 |
| SAMANTHA ROACH-GERBER | VICE-PRESIDE Officer | 40 | $117,955 | $45,924 |
| FRANK CIOFFI | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| BRIAR ALPERT | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ELIZABETH ROBINSON | SEC. & TREAS Trustee or director, Officer | 1 | $0 | $0 |
| JANETTE BOMBARDIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL LANE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROB FOREGGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GAVIN BERGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA GROENEVELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID ARONOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 23 MANSFIELD AVE, BURLINGTON, VT 05405-1775
- In care of
- % THOMAS RAINEY
- Principal officer (990 for 2024)
- DAVID BRADBURY, 23 MANSFIELD AVENUE, BURLINGTON, VT 054051757
- Signed the 990
- DAVID BRADBURY, PRESIDENT
- Phone
- (866) 232-9423
- Website
- WWW.VCET.CO
- Return prepared by
- DAVIS & HODGDON ASSOCIATES CPAS PLC
Mission
VCET'S PURPOSE IS TO ACCELERATE INNOVATION AND ENTREPRENEURSHIP ACROSS VERMONT. THIS IS ACCOMPLISHED BY PROVIDING EXPERT MENTORING AND TECHNICAL ASSISTANCE, THE OPERATION OF COWORKING/INCUBATION FACILITIES AND THE OPERATION OF EARLY STAGE SEED CAPITAL VENTURE FUNDS.
Program accomplishments
- VCET HAS WORKED WITH OVER 3,900 START-UPS, ENTREPRENEURS AND STUDENTS AND OPERATES A COWORKING FACILITY SERVING OVER 250 MEMBERS ANNUALLY. VCET CURATES AN EXPERT MENTOR NETWORK, PROVIDES FREE EXPERT ADVICE TO 377 CLIENTS A YEAR AND MAKES DIRECT INVESTMENTS ACROSS TWO VENTURE FUNDS WITH A COMBINED 15M OF REVOLVING SEED CAPITAL. VCET WORKS DIRECTLY WITH AND SUPPORTS ENTREPRENEURS TO FORM, INCUBATE AND ACCELERATE IDEAS AND INNOVATIONS INTO COMMERCIAL ENTERPRISES. IN 2013, VCET WAS NAMED 11 GLOBALLY AND 5 IN THE US BY THE UBI INDEX. IN 2018, VCET RECEIVED A RURAL IMPACT AWARD BY THE INBIA GLOBAL TRADE ASSOCIATION. IN 2024, VCET WAS AWARDED AS AN INC POWER PARTNER. VISIT AT WWW.VCET.CO SERVICES INCLUDE: -PROVIDING NO COST COACHING AND MENTORING FROM BOTH ON-SITE AND AFFILIATED EXPERTS TO CLIENTS. -ESTABLISHING CONNECTIONS TO ANGEL INVESTORS, FOUNDATIONS, ECONOMIC DEVELOPMENT ORGANIZATIONS AND VENTURE CAPITAL RESOURCES FOR CAPITAL FORMATION AND SYNDICATES. -ASSISTING WITH GRANTS AND LOANS FROM LOCAL, STATE, AND FEDERAL SOURCES, INCLUDING PROVIDING FEDERAL SBIR APPLICATION AID AND SUPPORT. -OFFERING A NETWORK OF MANAGERIAL, FINANCING AND PROFESSIONAL RESOURCES -NO COST BUSINESS ADVISORY, CONSULTING AND COACHING TO HELP COMPANIES BUILD TEAMS, FIND EARLY CUSTOMERS, ACCESS PROTOTYPING FACILITIES AND IDENTIFY ACCESS TO KEY BUSINESS AND FOUNDER SUPPORT RESOURCES -OPERATION OF A COWORKING / ACCELERATOR AND INCUBATION FACILITY SERVING OVER 250 MEMBERS AND THE BROADER VERMONT INNOVATION ECOSYSTEM. -ACCOUNTABILITY AND ENCOURAGEMENT -ENTREPRENEURIAL START-UP ASSISTANCE TO APPROXIMATELY 320 START-UPS, STUDENTS AND ENTREPRENEURS IN CALENDAR 2024. -SEED CAPITAL FUND MANAGEMENT, OPERATION, COMPLIANCE AND PERFORMANCE THAT SUPPORTS ENTREPRENEURS IN CAPITAL FORMATION, OPERATIONAL EXECUTION AND JOB EXPANSION. THE CURRENT VERMONT SEED CAPITAL FUND, LP (FUND 1) HAS NOW BACKED 36 COMPANIES, AND THE NEW VERMONT GROWTH FUND 2, LLC (FUND 2) LAUNCHED AND HAS NOW BACKED 4 COMPANIES THUS FAR. -THE VCET PLATFORM PRODUCES AND CURATES WIDELY ACCESSIBLE PROGRAMS AND SUPPORT RESOURCES SUCH AS: FIRST CHAIR NEWSLETTER, START HERE PODCAST SERIES, THE FEMALE FOUNDER SERIES, STARTUP PERKS PROGRAM, MENTORING AND MEETUPS ACROSS VERMONT. -PERFORM AND SUPPORT SPECIAL COMMUNITY EVENTS SUCH AS TECHJAM, UVM SPARK, UVM ARC, MIDDLEBURY INNOVATION HUB, INNOVATION WEEK, DELTACLIMEVT CLIMATE ACCELERATOR, THE MEYERS CUP AND DOZENS OF RECURRING MEETUPS, TRAININGS AND PROFESSIONAL ENRICHMENT EVENTS. -AS OF JUNE 2024, VCET PORTFOLIO IMPACT SURVEY HAD 21 COMPANIES REPORT GENERATING FOR THE PRIOR 12 MONTHS: 153 MILLION IN REVENUE, 75 MILLION IN PAYROLL ACROSS 693 JOBS, AND 77 MILLION IN CAPITAL RAISED.Expenses $408,417 · revenue $151,224
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 30-0275435
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $15,018,335
- Income (IRS master file)
- $1,687,433
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,564,020 | $510,526 | $15,018,335 | IRS |
| 990 | June 2024 | $1,525,973 | $939,858 | $13,421,803 | XML |
| 990 | June 2023 | $653,569 | $770,385 | $4,502,777 | IRS |
| 990 | June 2022 | $1,527,925 | $656,359 | $4,432,158 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0275435).
Questions about VERMONT CENTER FOR EMERGING TECHNOLOGIES INC
- What is the EIN of VERMONT CENTER FOR EMERGING TECHNOLOGIES INC?
- The employer identification number (EIN) of VERMONT CENTER FOR EMERGING TECHNOLOGIES INC is 30-0275435.
- Is VERMONT CENTER FOR EMERGING TECHNOLOGIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to VERMONT CENTER FOR EMERGING TECHNOLOGIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERMONT CENTER FOR EMERGING TECHNOLOGIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERMONT CENTER FOR EMERGING TECHNOLOGIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMONT CENTER FOR EMERGING TECHNOLOGIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VERMONT CENTER FOR EMERGING TECHNOLOGIES INC?
- The 990 for the year ended December 31, 2024 names DAVID BRADBURY.
- Who are the officers and directors of VERMONT CENTER FOR EMERGING TECHNOLOGIES INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 2 received compensation from the organization, the highest $267,633 (DAVID BRADBURY, PRESIDENT).
- How much revenue does VERMONT CENTER FOR EMERGING TECHNOLOGIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,564,020, expenses of $510,526 and total assets of $15,018,335 at year end.
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