Nonprofit · EIN 46-1549267
VERMONT PERMANENCY INITIATIVE INC
Also known as BENNINGTON SCHOOL
Tax-exempt · BENNINGTON, VT 05201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,661,463 | $14,081,399 | $1,580,064 | $19,846,837 | $2,547,290 | $17,299,547 |
| June 30, 2024 | 990 | $16,503,883 | $13,848,851 | $2,655,032 | $18,522,954 | $2,803,471 | $15,719,483 |
| June 30, 2023 | 990 | $17,888,221 | $13,474,419 | $4,413,802 | $15,691,392 | $2,626,941 | $13,064,451 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $15,293,594
- Investment income
- $367,869
- Net gain from sales of assets
- $1,316
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $391,625
- Other salaries and wages
- $8,198,944
- Salaries, compensation and benefits (total)
- $10,832,525
- Professional fundraising fees
- $0
- Legal fees
- $10,498
- Accounting fees
- $16,667
- Occupancy
- $493,045
- Travel
- $219,843
- Depreciation
- $544,441
- Program services (functional)
- $11,501,783
- Management and general (functional)
- $2,579,616
Balance sheet and other
- Total assets, start of year
- $18,522,954
- Total assets, end of year
- $19,846,837
- Total liabilities, end of year
- $2,547,290
- Net assets, end of year
- $17,299,547
- Land, buildings and equipment
- $6,137,978
- Net assets without donor restrictions
- $17,299,547
- Gross receipts
- $15,661,463
- Employees
- 234
- Volunteers
- 3
- Year formed
- 2012
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Laurae Baker | COO Key employee | 40 | $155,150 | $10,857 |
| Steven Lussier | Executive Director Highest-paid employee | 40 | $121,971 | $25,728 |
| Paige Canalini | Executive Director Highest-paid employee | 40 | $117,040 | $25,272 |
| Arthur Racette | Director of Operations Highest-paid employee | 40 | $128,876 | $5,138 |
| Jeffrey Caron | President Officer | 10 | $125,000 | $5,000 |
| John Sears | Past CFO Officer | 10 | $45,804 | $5,504 |
| Rae Green | CFO/Treasurer Officer | 10 | $40,021 | $4,289 |
| Robert Bannon | Trustee Trustee or director | 1 | $0 | $0 |
| Andrew Ribolini | Trustee Trustee or director | 1 | $0 | $0 |
| Kendall Turner | Trustee Trustee or director | 1 | $0 | $0 |
| Jeffrey Park | Secretary Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Steven Lussier | Executive Director Highest-paid employee | 40 | $118,633 | $24,246 |
| Jeffrey Caron | President Officer | 10 | $135,000 | $5,208 |
| Catherine Redlein | Past Clinical Director Highest-paid employee | 40 | $111,348 | $22,871 |
| Arthur Racette | Director of Operations Highest-paid employee | 40 | $125,142 | $4,999 |
| Jessica McGowan | Head Of Schools Highest-paid employee | 40 | $106,134 | $4,634 |
| Laurae Baker | Former Vice President Former | 0 | $104,552 | $6,039 |
| John Sears | CFO Officer | 10 | $46,369 | $6,373 |
| Robert Bannon | Trustee Trustee or director | 1 | $0 | $0 |
| Andrew Ribolini | Trustee Trustee or director | 1 | $0 | $0 |
| Kendall Turner | Trustee Trustee or director | 1 | $0 | $0 |
| Amy Egbert | Past Trustee Trustee or director | 1 | $0 | $0 |
| Jeffrey Park | Secretary Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Laurae Baker | Past Vice President Trustee or director, Officer | 40 | $216,931 | $17,673 |
| Steven Lussier | Executive Director Highest-paid employee | 40 | $117,480 | $24,632 |
| Catherine Redlein | Clinical Director Highest-paid employee | 40 | $110,951 | $22,200 |
| Jeffrey Caron | President Officer | 10 | $125,000 | $4,615 |
| John Sears | CFO Officer | 10 | $44,573 | $5,259 |
| Robert Bannon | Trustee Trustee or director | 1 | $0 | $0 |
| Amy Egbert | Trustee Trustee or director | 1 | $0 | $0 |
| Andrew Ribolini | Trustee Trustee or director | 1 | $0 | $0 |
| Kendall Turner | Trustee Trustee or director | 1 | $0 | $0 |
| Timothy Wolff | Trustee Trustee or director | 1 | $0 | $0 |
| Denise Pickering | Past Trustee Trustee or director | 1 | $0 | $0 |
| Jeffrey Park | Secretary Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 192 FAIRVIEW ST, BENNINGTON, VT 05201-9239
- In care of
- % VERM
- Principal officer (990 for 2024)
- Jeffrey Caron, PO Box 328, Plymouth, NH 03268
- Signed the 990
- Rae Green, CFO
- Phone
- (603) 353-9102
- Return prepared by
- Berry Dunn McNeil & Parker LLC
Mission
Operation of school and residential treatment facilities for at risk children and youth together with related community based services for youth and families to support community engagement and transition.
Program accomplishments
- Provide residential treatment and related education and ancillary services to adolescents and young adults.Expenses $11,501,783 · revenue $15,293,594
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1549267
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $19,846,837
- Income (IRS master file)
- $15,661,463
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,661,463 | $14,081,399 | $19,846,837 | IRS |
| 990 | June 2024 | $16,503,883 | $13,848,851 | $18,522,954 | IRS |
| 990 | June 2023 | $17,888,221 | $13,474,419 | $15,691,392 | XML |
| 990 | June 2022 | $14,500,913 | $12,258,239 | $12,996,079 | 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 46-1549267).
Questions about VERMONT PERMANENCY INITIATIVE INC
- What is the EIN of VERMONT PERMANENCY INITIATIVE INC?
- The employer identification number (EIN) of VERMONT PERMANENCY INITIATIVE INC is 46-1549267.
- Is VERMONT PERMANENCY INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to VERMONT PERMANENCY INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERMONT PERMANENCY INITIATIVE 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 PERMANENCY INITIATIVE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMONT PERMANENCY INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VERMONT PERMANENCY INITIATIVE INC?
- The 990 for the year ended June 30, 2025 names Jeffrey Caron.
- Who are the officers and directors of VERMONT PERMANENCY INITIATIVE INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 7 received compensation from the organization, the highest $155,150 (Laurae Baker, COO).
- How much revenue does VERMONT PERMANENCY INITIATIVE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,661,463, expenses of $14,081,399 and total assets of $19,846,837 at year end.
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