The Vermont Scholarship Fund is a 501(c)(3) charitable affiliate of the Vermont Student Assistance Corporation (VSAC). Our mission is to provide scholarships to Vermonters through gifts and grants from the State of Vermont, Federal agencies, individual donors and philanthropic sources. Together with our supporters we make it possible for more people to aim higher, go further, and build something better for themselves, their families, and the community. We partner closely with our supporters to create scholarship funds that reflect mission and goals to open doors to education for others. We administer all scholarships through VSAC, with ongoing support that makes managing scholarships efficient. In FY25, VSAC awarded about 16.8 million in scholarships through 150 award programs to 4,024 Vermonters.
Executive compensation
Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Education organizations nationwide.
| Position | Total |
|---|---|
VP & COO 10th to 25th percentile | $75k $81k |
President and CEO 25th percentile to medianvs Education peers in Vermont | $73k $79k |
VP & General Counsel Vice President 25th percentile to median | $46k $49k |
VP of Finance & CFO 10th to 25th percentile | $37k $40k |
VP of Finance & CFO 10th to 25th percentile | $26k $28k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 12 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at VERMONT STUDENT DEVELOPMENT FUND INC equaled 0.4% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 8%
from 2023
From $70k in 2023 to $75k in 2024.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Operating Officer pay rose 10% from 2023 to 2024, while revenue rose 28%.
- Chief Executive Officer pay rose 5% from 2023 to 2024.
- Vice President pay fell 10% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about VERMONT STUDENT DEVELOPMENT FUND INC
What does the Chief Operating Officer of VERMONT STUDENT DEVELOPMENT FUND INC earn?
In 2024, the Chief Operating Officer of VERMONT STUDENT DEVELOPMENT FUND INC received $75,210 in total compensation. This pay is in the bottom quarter for Chief Operating Officer roles among Education organizations nationwide, above the lowest 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Operating Officer pay at VERMONT STUDENT DEVELOPMENT FUND INC compare with similar nonprofits?
Compared with the same role at Education organizations nationwide, the 2024 pay of the Chief Operating Officer at VERMONT STUDENT DEVELOPMENT FUND INC falls between the 10th and 25th percentiles. In 2024, the highest total compensation at VERMONT STUDENT DEVELOPMENT FUND INC equaled 0.4% of the organization's total expenses. The median for education organizations is 7%.
What are VERMONT STUDENT DEVELOPMENT FUND INC's revenue and expenses?
In 2024, VERMONT STUDENT DEVELOPMENT FUND INC reported $17.5M in total revenue and $16.8M in total expenses on its IRS Form 990.
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