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ANCHORED ON ITS HISTORIC CAMPUS IN MONTPELIER, VERMONT, VCFA IS A GLOBAL COMMUNITY OF ARTISTS CONTINUALLY REDEFINING WHAT IT MEANS TO BE AN ARTS COLLEGE. WE MEASURE OUR SUCCESS BY OUR ABILITY TO FOSTER THE EXCELLENCE OF EMERGING AND ESTABLISHED PRACTITIONERS. WE BELIEVE THAT THE ARTS ARE CENTRAL TO THE HUMAN EXPERIENCE AND HAVE THE ABILITY NOT ONLY TO REFLECT REALITY BUT ALSO TO CREATE IT.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$7.6M
Program Spending
74%
of total expenses go to program services
Total Contributions
$1.6M
Total Expenses
▼$11.9M
Total Assets
$8.4M
Total Liabilities
▼$5.1M
Net Assets
$3.3M
Officer Compensation
→$274.1K
Other Salaries
$4.3M
Investment Income
-$318.7K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.1M
Awards Found
5
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Education | INSTITUTIONAL SUPPORT, LOST REVENUES, AND STUDENT SUPPORT DUE TO COVID-19. | $357.7K | FY2020 | Aug 2020 – Aug 2021 | Open → |
| Department of Education | INSTITUTIONAL SUPPORT | $325.7K | FY2020 | Jun 2020 – Jan 2022 | Open → |
| Department of Education | STUDENT EMERGENCY COVID-19 GRANTS | $298.9K | FY2020 | Jun 2020 – Jan 2022 | Open → |
| Department of Education | EMERGENCY FINANCIAL AID GRANTS TO GRADUATE STUDENTS | $107.6K | FY2022 | Jul 2022 – Jul 2023 | Open → |
| National Endowment for the Arts | TO SUPPORT AN EDUCATIONAL PROJECT THAT WILL BRING TOGETHER CHILDRENS AUTHOR KARUNA RIAZI AND YOUNG STUDENT WRITERS. | $10K | FY2018 | Jan 2018 – Apr 2018 | Open → |
Department of Education
$357.7K
INSTITUTIONAL SUPPORT, LOST REVENUES, AND STUDENT SUPPORT DUE TO COVID-19.
Department of Education
$107.6K
EMERGENCY FINANCIAL AID GRANTS TO GRADUATE STUDENTS
National Endowment for the Arts
$10K
TO SUPPORT AN EDUCATIONAL PROJECT THAT WILL BRING TOGETHER CHILDRENS AUTHOR KARUNA RIAZI AND YOUNG STUDENT WRITERS.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
9
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $3M | Yes | 2024-09-03 |
| 2023 | Clean | Unmodified (Clean) | $3M | Yes | 2023-12-13 |
| 2022 | Clean | Unmodified (Clean) | $4.6M | Yes | 2022-11-17 |
| 2021 | Clean | Unmodified (Clean) | $5.9M | Yes | 2021-12-01 |
| 2020 | Clean | Unmodified (Clean) | $5.3M | Yes | 2020-12-10 |
| 2019 | Clean | Unmodified (Clean) | $5.2M | No | 2019-11-19 |
| 2018 | Clean | Unmodified (Clean) | $6.2M | Yes | 2018-11-12 |
| 2017 | Clean | Unmodified (Clean) | $5.8M | Yes | 2017-12-03 |
| 2016 | Clean | Unmodified (Clean) | $5.3M | Yes | 2016-11-07 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.3M
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $7.6M | $1.6M | $11.9M | $8.4M | $3.3M |
| 2022IRS e-File | $20.7M | $1.9M | $15.7M | $17.2M | $7.6M |
| 2021 | $10.4M | $2.5M | $10.5M | $16.6M | $2.5M |
| 2020 | $9.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Leslie Ward | President (1 | 35 | $119.3K | $0 | $24.9K | $144.1K |
| Katie Gustafson | VP Finance & | 35 | $130K | $0 | $5,341 | $135.3K |
| Andrew Ramsammy | Trustee/pres | 4 | $0 | $0 | $0 | $0 |
| Lori Husein | CFO | — | $0 | $0 | $0 | $0 |
| Michael Goldstein | Chair | 4 | $0 | $0 | $0 | $0 |
| Catherine Carvelli | Vice Chair | 4 | $0 | $0 | $0 | $0 |
Leslie Ward
President (1
$144.1K
Hrs/Wk
35
Compensation
$119.3K
Related Orgs
$0
Other
$24.9K
Katie Gustafson
VP Finance &
$135.3K
Hrs/Wk
35
Compensation
$130K
Related Orgs
$0
Other
$5,341
Andrew Ramsammy
Trustee/pres
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Lori Husein
CFO
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Michael Goldstein
Chair
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Catherine Carvelli
Vice Chair
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Matthew Monk | Academic Dea | 35 | $156.5K | $0 | $21.6K | $178.1K |
| Jericho Parms | VP Of Develo | 35 | $116.1K | $0 | $28.3K | $144.4K |
Matthew Monk
Academic Dea
$178.1K
Hrs/Wk
35
Compensation
$156.5K
Related Orgs
$0
Other
$21.6K
Jericho Parms
VP Of Develo
$144.4K
Hrs/Wk
35
Compensation
$116.1K
Related Orgs
$0
Other
$28.3K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Barry Johnson | Trustee | 4 | $0 | $0 | $0 | $0 |
| Casper Martin | Trustee | 4 | $0 | $0 | $0 | $0 |
| Heidi Mohlman Tringe | Trustee | 4 | $0 | $0 | $0 | $0 |
| Jeff Wiggins | Trustee | 4 | $0 | $0 | $0 | $0 |
| Joan Grubin | Trustee | 4 | $0 | $0 | $0 | $0 |
| Kate Hosford | Trustee | 4 |
Barry Johnson
Trustee
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Casper Martin
Trustee
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Heidi Mohlman Tringe
Trustee
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
| $699.7K |
| $10.1M |
| $18M |
| $2.5M |
| 2019 | $10M | $631.4K | $11.4M | $17.8M | $2.8M |
| 2018 | $11M | $658.3K | $11.3M | $19.2M | $4.1M |
| 2017 | $11.7M | $1.5M | $12.1M | $19.9M | $4.5M |
| 2016 | $10.9M | $1.6M | $10.9M | $20.8M | $5.3M |
| 2015 | $10.2M | $1.4M | $9.8M | $18.1M | $5.3M |
| 2014 | $9.8M | $775K | $9.4M | $16M | $4.9M |
| 2013 | $9.4M | $836.2K | $8.8M | $15.2M | $4.5M |
| 2012 | $8.5M | $635.7K | $8.2M | $14.5M | $3.9M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Katherine Paterson | Trustee | 4 | $0 | $0 | $0 | $0 |
| Michael Rosenfeld | Trustee | 4 | $0 | $0 | $0 | $0 |
| Mike Hogan | Trustee | 4 | $0 | $0 | $0 | $0 |
Jeff Wiggins
Trustee
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Joan Grubin
Trustee
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Kate Hosford
Trustee
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Katherine Paterson
Trustee
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Michael Rosenfeld
Trustee
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Mike Hogan
Trustee
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0