Bennington County Industrial Corporation
- Assets
- $16.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Bennington, VT
- Founding
- 02/1962
- Data as of
- 12/2021
- EIN
- 03-0198015
Organization Overview
Bennington County Industrial Corporation is located in Bennington, VT. The organization was established in 1962. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bennington County Industrial Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Bennington County Industrial Corporation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $189.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INDUSTRIAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED ACTIVITIES DIRECTED TO THE ATTRACTION OF BUSINESS AND INDUSTRY TO BENNINGTON COUNTY, VERMONT.
PROVIDED SUPPORT FOR DEVELOPING SMALL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dixie Zens President | OfficerTrustee | 2 | $0 |
Brian Mckenna Treasurer | OfficerTrustee | 2 | $0 |
Jim Brown Secretary | OfficerTrustee | 2 | $0 |
Douglass Ball Vice President | OfficerTrustee | 2 | $0 |
William Colvin Executive Dir. | Officer | 5 | $0 |
Kevin Bisaccio Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,546,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,649,187 |
| Total Program Service Revenue | $74,297 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,741,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,107 |
| Advertising and promotion | $0 |
| Office expenses | $1,087 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,142 |
| All other expenses | $0 |
| Total functional expenses | $189,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,634 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $296,145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,785,868 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,431 |
| Net Land, buildings, and equipment | $2,652,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,810,870 |
| Accounts payable and accrued expenses | $297,543 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,669,955 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,967,498 |
| Net assets without donor restrictions | $4,843,372 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,810,870 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bennington County Industrial Corporation has recieved totaling $41,499.
| Awarding Organization | Amount |
|---|---|
Brattleboro Development Credit Corporation Brattleboro, VT PURPOSE: GRANT ASSISTANCE | $41,499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Island Peer Review Organization Inc New Hyde Park, NY | $59,283,462 | $69,591,386 |
Manhattan Institute For Policy Research Inc New York, NY | $22,398,458 | $16,694,868 |
National Action Network Inc New York, NY | $4,012,343 | $7,322,289 |
Volcker Alliance Inc New York, NY | $23,661,694 | $7,640,617 |
The Benefit Shop Foundation Inc Mount Kisco, NY | $1,028,853 | $3,629,691 |
Niagara Tobacco Asset Securitization Corp Lockport, NY | $6,699,671 | $3,919,268 |
New Bedford Economic Development Council Inc New Bedford, MA | $5,015,436 | $2,421,458 |
Center For Governmental Research Inc Rochester, NY | $3,854,198 | $1,664,483 |
Licensed Plumbing Association Of Ny City Bellerose, NY | $1,646,881 | $1,011,542 |
Boston Municipal Research Bureau Inc Boston, MA | $1,906,928 | $901,435 |
State Democracy Project Brroklyn, NY | $802,575 | $486,044 |
Council For Inclusive Governance Binghamton, NY | $288,784 | $595,785 |