Champlain Valley Educator Development Center Inc.

“The organization's members consist of the school districts and supervisory unions in northwest and west vermont. In addition, there are two "at-large" members representing organizations which support cvedc's mission.”

“All members must be represented on the board and all are eligible to hold office. Each member holds one vote.”

“Any change to cvedc's governing documents requires a majority vote of the membership.”

“Management reviews the 990 and related schedules prior to filing.”

“Each director and officer provides a list of formal affiliations with other non-profit and for-profit entities of the board chair.”

“Cvedc's board reviews and approves compensation of the executive director and supporting staff.”

“The organization makes its governing documents and annual tax returns available for public inspection upon request.”

“Instructor fees: program service expenses 82,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 82,000. Leadership training: program service expenses 1,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,500. Webmaster: program service expenses 5,809. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,809. Bookkeeping: program service expenses 0. Management and general expenses 229. Fundraising expenses 0. Total expenses 229.”

“Change in beneficial interest in assets held by others -34,417. Accounting method change (cash to accrual) -16,734.”

“The organization has changed its method of accounting for form 990 purposes from cash method to accrual method. This change resulted in the following accruals placed on the balance sheet: 2021 beginning adjusted beginning prepaid expenses $ - $ 9,979 accounts receivable $ - $17,810 accounts payable and accrued expenses $ - $17,016 deferred revenue $ - $22,507 adjusted beginning 2021 ending prepaid expenses $ 9,979 $14,583 accounts receivable $17,810 $28,164 accounts payable and accrued expenses $17,016 $12,172 deferred revenue $22,507 $23,068 as a result of accruals on the balance sheet the net change to net assets is ($16,734).”