Vermont Brewers Association Inc
- Assets
- $256.0k
- Revenue
- $275.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Burlington, VT
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 03-0347544
Organization Overview
Vermont Brewers Association Inc is located in Burlington, VT. The organization was established in 1996. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Vermont Brewers Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Brewers Association 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 12/2021, Vermont Brewers Association Inc generated $275.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $247.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. 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
THE VERMONT BREWERS ASSOCIATION WAS FOUNDED IN 1995 TO PROMOTE AND STRENGTHEN THE CULTURE OF CRAFT BREWING IN VERMONT THROUGH MARKETING, EDUCATION, AND ADVOCACY FOR VERMONT MADE BEER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VERMONT BREWERS ASSOCIATION WAS FOUNDED IN 1995 TO PROMOTE AND STRENGTHEN THE CULTURE OF CRAFT BREWING IN VERMONT THROUGH MARKETING, EDUCATION AND ADVOCACY FOR VERMONT MADE BEER. THE INDUSTRY HAS AN ESTIMATED ECONOMIC IMPACT OF $366M, SUPPORTS 2,969 JOBS AT AN AVERAGE WAGE OF $43,280 AND CONTRIBUTES $126.7M DIRECT TO TOURISM. CURRENT MEMBERSHIP SIZE IS 66 BREWERIES. THERE ARE 15.4 BREWERIES PER 100,000 21+ RESIDENTS (RANKS 1ST IN THE NATION) PRODUCING 344,669 BARRELS OF CRAFT BEER ANNUALLY. WE HAVE 7 ACTIVE COMMITTEES FOCUSED ON EXECUTING OUR STRATEGIC PLAN IN THE AREAS OF ADVOCACY, MARKETING, EDUCATION, FINANCE, SUSTAINABILITY, EVENTS AND MEMBERSHIP GOVERNANCE. THE VERMONT BREWERS FESTIVAL IN BURLINGTON HAS BEEN RUNNING FOR 27 YEARS AND IS ONE OF THE PREMIER BEER FESTIVALS IN THE WORLD ATTRACTING OVER 10,000 PEOPLE TO THE WATERFRONT THE THIRD WEEKEND IN JULY. THE VERMONT BREWERS FESTIVAL IN KILLINGTON IS A FESTIVAL FOCUSED ON COLLABORATION, CREATING BEERS ONLY OFFERED AT THAT EVENT TO PATRONS IN AN ALL-OUTDOOR LANDSCAPE WITH FOOD TRUCKS, FIRE PITS AND MUSIC. TICKET SALES FROM THESE EVENTS ARE THE PRIMARY INCOME THAT SUPPORTS THE ASSOCIATION'S PROGRAMMING. IN 2021, WE WERE UNABLE TO EXECUTE THESE FESTIVALS AND RELIED ON EXPENSE REDUCTION, GRANT FUNDING AND SUPPORT FROM OUR ALLIED PARTNERS TO GET THROUGH A SEASON WITHOUT FESTIVAL INCOME.
OUR TECHNICAL AND EDUCATION COMMITTEE'S GOAL IS TO PROVIDE EDUCATION AND TRAINING TO MEMBER BREWERS WITH THE GOAL OF IMPROVING AND MAINTAINING THE HIGHEST QUALITY STANDARD OF BEER BREWED IN VERMONT. WE ORGANIZE AND PRESENT TWO TECHNICAL SESSIONS EACH YEAR WITH A FOCUS ON INDUSTRY EXPERTS PRESENTING IN AREAS OF BREWING, OPERATIONS, EXPANSION PLANNING AND SENSORY TRAINING. WE PLAN TO BUILD ON THIS EDUCATION PROGRAM BY OFFERING A LARGER-SCALE EDUCATION CONFERENCE IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Corbin Executive Dir. | Officer | 40 | $80,845 |
James Branagan Secretary (former) | OfficerTrustee | 2 | $0 |
Kelen Beardsley Secretary | OfficerTrustee | 2 | $0 |
Avery Schwenk President | OfficerTrustee | 2 | $0 |
Dan Sartwell Vice President (former) | OfficerTrustee | 2 | $0 |
Ross Richards Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,688 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $218,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,961 |
| Noncash contributions included in lines 1a–1f | $14,975 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,572 |
| Total Program Service Revenue | -$4,050 |
| Investment income | $557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,494 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$13,568 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,005 |
| 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. | $83,181 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,965 |
| Pension plan accruals and contributions | $1,934 |
| Other employee benefits | $0 |
| Payroll taxes | $11,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,581 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $20,833 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,970 |
| Advertising and promotion | $15,694 |
| Office expenses | $6,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,250 |
| Travel | $1,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$71 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $377 |
| Insurance | $2,460 |
| All other expenses | $466 |
| Total functional expenses | $247,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,301 |
| Savings and temporary cash investments | $142,629 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,546 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,174 |
| Total assets | $255,993 |
| Accounts payable and accrued expenses | $7,509 |
| 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 | $39,602 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,111 |
| Net assets without donor restrictions | $0 |
| 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 | $208,882 |
| Total liabilities and net assets/fund balances | $255,993 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vermont Brewers Association Inc has recieved totaling $35,500.
| Awarding Organization | Amount |
|---|---|
Brewers Association Inc Boulder, CO PURPOSE: STATE GUILD GRANT TO HIRE FULL-TIME EMPLOYEE AND SUPPORT ONGOING ACTIVITIES | $35,500 |
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