Barre Area Development Inc
- Assets
- $373.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Barre, VT
- Founding
- 09/1963
- Data as of
- 06/2022
- EIN
- 03-0213347
Organization Overview
Barre Area Development Inc is located in Barre, VT. The organization was established in 1963. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barre Area Development Inc 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 06/2022, Barre Area Development Inc generated $117.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $128.6k during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cody Morrison Former Executive Director | 40 | $72,494 | |
Karl Rinker Interim Executive Director | 2 | $1,023 | |
Al Flory Treasurer | 2 | $0 | |
David Sichel Secretary | 2 | $0 | |
Tony Campos Director | 2 | $0 | |
Krissy Belavance Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $103,489 |
| Membership dues | $0 |
| Investment income | $476 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $13,877 |
| Total Revenue | $117,842 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $84,252 |
| Professional fees and other payments to independent contractors | $4,300 |
| Occupancy, rent, utilities, and maintenance | $4,800 |
| Printing, publications, postage, and shipping | $385 |
| Other expenses | $34,842 |
| Total expenses | $128,579 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,000 |
| Other assets | $0 |
| Total assets | $373,134 |
| Total liabilities | $2,631 |
| Net assets or fund balances | $370,503 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Community Crossroads Inc Atkinson, NH | $8,920,461 | $38,376,189 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |
Citizens For Citizens Inc Fall River, MA | $12,279,316 | $29,399,731 |
The Mayors Fund To Advance New York City New York, NY | $28,518,749 | $18,611,480 |