Rutland Economic Development Corporation

Organization Overview

Rutland Economic Development Corporation is located in Rutland, VT. The organization was established in 1977. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2020, Rutland Economic Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2020, Rutland Economic Development Corporation generated $477.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $457.3k during the year ending 09/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO USE COLLABORATION, CREATIVITY AND INGENUITY TO RECRUIT TALENT AND BUSINESSES OF ALL KINDS, GROW AND RETAIN EMPLOYERS, AND PROMOTE A HEALTHY AND VIBRANT COMMERCIAL AND RESIDENTIAL REAL ESTATE MARKET.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO FACILITATE THE EXPANSION, RELOCATION AND RETENSION OF BUSINESS AND INDUSTRY IN THE AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Tyler Richardson
Executive Dir.
$85,000
Karen Garrow
Treasurer
$0
John Casella II
Vice President
$0
John Russell III
President
$0
Nicole Kesselring
Secretary
$0
Dennis Carroll
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $109,684
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$109,684
Total Program Service Revenue$66,600
Investment income $30,472
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $246,191
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 $477,645

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