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Vermont Employee Ownership Center

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010694256 ✦ Burlington, VT ✦ Designated as a 501(c)(3)

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Overview

What is Vermont Employee Ownership Center?

The Vermont Employee Ownership Center (VEOC) is a nonprofit organization situated in Burlington, Vermont. Their primary mission is to advocate for and support employee ownership within the state. VEOC achieves this goal through conducting educational events and offering consultations to business owners and employees considering employee ownership as an option. With a small team of four individuals, VEOC strives to promote the benefits of employee ownership within Vermont, contributing to a stronger and more inclusive local business community.


Official website here: www.veoc.org

Is Vermont Employee Ownership Center legitimate?

Vermont Employee Ownership Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vermont Employee Ownership Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $24,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,220

For more financial information, click here


Official website here: www.veoc.org

What is the mission statement of Vermont Employee Ownership Center?

The Vermont Employee Ownership Center, in its mission, aims to promote and encourage employee ownership within the broader Vermont community. To achieve this goal, the center organizes educational events centered around employee ownership and offers consultancy services to businesses and employees considering this ownership model. The center's activities are dedicated to fostering an environment that supports and encourages employee ownership, ultimately contributing to a more inclusive and democratized business landscape.


Official website here: www.veoc.org

Who is the CEO of Vermont Employee Ownership Center?

Cindy Turcot is the President of Vermont Employee Ownership Center.


Official website here: www.veoc.org

What is the revenue of Vermont Employee Ownership Center?

Vermont Employee Ownership Center's revenue in 2022 was $206,961.


Official website here: www.veoc.org

Who are the executives of Vermont Employee Ownership Center and what are their salaries?

The average compensation at Vermont Employee Ownership Center during 2022 was $34,555. There are 4 employees and 12 volunteers at Vermont Employee Ownership Center.


Here are 13 key members and their salaries:


John Durgin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Moran (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Gurdon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Turcot (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tabitha Croscut ()
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Crystal ()
  • Compensation: $0
  • Related: $0
  • Other: $0
John Davis ()
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Flaherty ()
  • Compensation: $0
  • Related: $0
  • Other: $0
Elias Gardner ()
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Harris ()
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Rossi ()
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Steiger ()
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Cropp (Key Employee)
  • Compensation: $57,100
  • Related: $0
  • Other: $0


Official website here: www.veoc.org

Where can I find the form 990 for Vermont Employee Ownership Center?

Vermont Employee Ownership Center's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.veoc.org

Learn more at the official website: www.veoc.org

Mission Statement of Vermont Employee Ownership Center

The Vermont Employee Ownership Center, abbreviated as VEOC, is dedicated to the promotion and encouragement of employee ownership within the state of Vermont. This nonprofit organization plays a pivotal role in educating both business owners and employees about the potential benefits of employee ownership. VEOC acts as a consultant, offering guidance and support to those considering this option for their businesses. By promoting employee ownership, VEOC aims to foster a more inclusive and empowered business landscape in Vermont.

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Impact




October, 2024

The Vermont Employee Ownership Center has made a significant impact by actively promoting and fostering employee ownership across Vermont. Through educational events, the organization provides valuable insights and resources for business owners and employees interested in exploring employee ownership options. By facilitating this transition, the VEOC helps to create sustainable businesses that are more resilient in the face of economic challenges, ensuring that local jobs remain in the community and contribute to the local economy. Their efforts not only empower employees by giving them a stake in the companies they work for but also encourage a sense of shared purpose and collaboration among workers and management.




This information is meant to be a general summary of Vermont Employee Ownership Center. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$206,961 (2022)
Expenses
$217,863 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $668
  • Program Service Revenue: $13,503
  • Gross Receipts: $206,961

Assets and Liabilities:

  • Total Assets: $281,611
  • Total Liabilities: $3,832
  • Net Assets: $277,779

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Educational Event

Revenue

$11,157

Consulting

Revenue

$438

Revolving loan fund

Revenue

$1,908

Organization Details

Founding Year

2003

Principal Officer

Cindy Turcot

Main Address

PO Box 546, Burlington, VT, 05402

NTEE Category

Code: B99 - Education

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