Vermont Caribbean Institiute Inc
Vermont Caribbean Institute Inc. shows significant revenue growth in 2023 with no reported officer compensation.
EIN: 202474069 · Burlington, VT · NTEE: R20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $528K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $90,525 |
| Net Assets | $564K |
| Transparency Score | 85/100 |
Is Vermont Caribbean Institiute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vermont Caribbean Institiute Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vermont Caribbean Institiute Inc
Vermont Caribbean Institiute Inc (EIN: 202474069) is a nonprofit organization based in Burlington, VT, classified under NTEE code R20. The organization reported total revenue of $1.7M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermont Caribbean Institiute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vermont Caribbean Institiute Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $940K |
| Total Expenses | $528K |
| Surplus / Deficit | +$413K |
| Total Assets | $565K |
| Total Liabilities | $2K |
| Net Assets | $564K |
| Operating Margin | 43.9% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2023, Vermont Caribbean Institiute Inc reported a surplus of $413K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vermont Caribbean Institiute Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +331.5% | +99.5% | +271.6% |
| 2022 | +34.8% | -9.9% | -27.1% |
| 2021 | -28.4% | +86.4% | -38.7% |
| 2020 | +1.7% | -58.9% | +29.4% |
| 2019 | -60.2% | +84.4% | -37.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vermont Caribbean Institiute Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Vermont Caribbean Institiute Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $413K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of its size with revenues fluctuating between $90,525 and $940,348.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Vermont Caribbean Institiute Inc's IRS 990 filings:
- Inconsistent revenue streams leading to unpredictable financial performance in some years.
- Expenses exceeded revenue in multiple years (e.g., 2022, 2021, 2019, 2017), indicating potential operational deficits.
Strengths
The following positive indicators were identified for Vermont Caribbean Institiute Inc:
- Zero officer compensation reported across all filings, demonstrating excellent financial stewardship and dedication to mission.
- Significant revenue growth in the latest filing (2023) to $940,348, indicating strong fundraising or grant acquisition.
- Generally low liabilities, suggesting prudent financial management and avoidance of significant debt.
Frequently Asked Questions about Vermont Caribbean Institiute Inc
Is Vermont Caribbean Institiute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vermont Caribbean Institiute Inc (EIN: 202474069) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Vermont Caribbean Institiute Inc spend its money?
Vermont Caribbean Institiute Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vermont Caribbean Institiute Inc tax-deductible?
Vermont Caribbean Institiute Inc is registered as a tax-exempt nonprofit (EIN: 202474069). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Vermont Caribbean Institiute Inc CEO make?
Vermont Caribbean Institiute Inc's highest-compensated officer earns $90,525 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Vermont Caribbean Institiute Inc's spending goes to programs?
Vermont Caribbean Institiute Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vermont Caribbean Institiute Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Vermont Caribbean Institiute Inc is above average for NTEE category R20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vermont Caribbean Institiute Inc located?
Vermont Caribbean Institiute Inc is headquartered in Burlington, Vermont and files with the IRS under EIN 202474069. It is classified under NTEE code R20.
How many years of IRS 990 filings does Vermont Caribbean Institiute Inc have?
Vermont Caribbean Institiute Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
Is Vermont Caribbean Institute Inc. financially stable?
The organization's financial stability shows variability. While 2023 saw strong revenue ($940,348) exceeding expenses ($527,801), previous years like 2022 and 2021 showed expenses exceeding revenue, indicating a need for consistent financial planning.
How does the organization manage its assets and liabilities?
Assets have fluctuated significantly, from a low of $39,549 in 2014 to a high of $565,281 in 2023. Liabilities have generally been low, with a notable increase to $1,590 in 2023, but overall, the organization appears to manage its balance sheet responsibly given its operational scale.
What is the trend in the organization's revenue?
Revenue has shown a highly volatile trend, with significant peaks in 2018 ($558,137) and 2023 ($940,348), interspersed with periods of lower revenue, such as $126,451 in 2017 and $161,683 in 2021. The latest filing shows a strong positive trend.
Filing History
IRS 990 filing history for Vermont Caribbean Institiute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vermont Caribbean Institiute Inc's revenue has grown by 757.3%, moving from $110K to $940K. Total assets increased by 624.9% over the same period, from $78K to $565K. Total functional expenses rose by 498.5%, from $88K to $528K. In its most recent filing year (2023), Vermont Caribbean Institiute Inc reported a surplus of $413K, with revenue exceeding expenses. The organization holds $2K in liabilities against $565K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $564K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $940K | $528K | $565K | $2K | — | — |
| 2022 | $218K | $265K | $152K | $0 | — | View 990 |
| 2021 | $162K | $294K | $209K | $10K | — | View 990 |
| 2020 | $226K | $157K | $341K | $10K | — | View 990 |
| 2019 | $222K | $383K | $263K | $1K | — | View 990 |
| 2018 | $558K | $208K | $423K | $0 | — | View 990 |
| 2017 | $126K | $225K | $73K | $0 | — | View 990 |
| 2016 | $272K | $177K | $171K | $0 | — | View 990 |
| 2015 | $161K | $122K | $77K | $16 | — | View 990 |
| 2014 | $91K | $92K | $40K | $2K | — | View 990 |
| 2013 | $112K | $143K | $39K | $0 | — | View 990 |
| 2012 | $76K | $85K | $69K | $0 | — | View 990 |
| 2011 | $110K | $88K | $78K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $940K, expenses of $528K, and assets of $565K (revenue +331.5% year-over-year).
- 2022: Revenue of $218K, expenses of $265K, and assets of $152K (revenue +34.8% year-over-year).
- 2021: Revenue of $162K, expenses of $294K, and assets of $209K (revenue -28.4% year-over-year).
- 2020: Revenue of $226K, expenses of $157K, and assets of $341K (revenue +1.7% year-over-year).
- 2019: Revenue of $222K, expenses of $383K, and assets of $263K (revenue -60.2% year-over-year).
- 2018: Revenue of $558K, expenses of $208K, and assets of $423K (revenue +341.4% year-over-year).
- 2017: Revenue of $126K, expenses of $225K, and assets of $73K (revenue -53.5% year-over-year).
- 2016: Revenue of $272K, expenses of $177K, and assets of $171K (revenue +68.4% year-over-year).
- 2015: Revenue of $161K, expenses of $122K, and assets of $77K (revenue +78.3% year-over-year).
- 2014: Revenue of $91K, expenses of $92K, and assets of $40K (revenue -19.5% year-over-year).
- 2013: Revenue of $112K, expenses of $143K, and assets of $39K (revenue +48.3% year-over-year).
- 2012: Revenue of $76K, expenses of $85K, and assets of $69K (revenue -30.9% year-over-year).
- 2011: Revenue of $110K, expenses of $88K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vermont Caribbean Institiute Inc:
Data Sources and Methodology
This transparency report for Vermont Caribbean Institiute Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.