Vermont Council On Rural Development Inc
- Assets
- $696.0k
- Revenue
- $938.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Montpelier, VT
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 03-0354510
Organization Overview
Vermont Council On Rural Development Inc is located in Montpelier, VT. The organization was established in 1998. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Vermont Council On Rural Development Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Council On Rural Development Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Vermont Council On Rural Development Inc generated $938.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $891.0k during the year ending 12/2021. While expenses have increased by 11.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELP VERMONTERS AND VERMONT COMMUNITIES DEVELOP THEIR CAPACITY TO CREATE A PROSPEROUS AND SUSTAINABLE FUTURE THROUGH COORDINATION, COLLABORATION, AND THE EFFECTIVE USE OF PUBLIC AND PRIVATE RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Costello Retired Ex Dir | Officer | 40 | $85,570 |
Brian Lowe Executive Dir. | Officer | 40 | $33,288 |
Timothy Smith Secretary | OfficerTrustee | 1 | $0 |
Julie Moore Chair | OfficerTrustee | 1 | $0 |
Wright Preston Treasurer | OfficerTrustee | 1 | $0 |
Aly Richards Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $321,514 |
| All other contributions, gifts, grants, and similar amounts not included above | $445,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $766,514 |
| Total Program Service Revenue | $165,238 |
| Investment income | $2,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,060 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $938,553 |
| 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. | $118,858 |
| Compensation of current officers, directors, key employees. | $47,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $336,744 |
| Pension plan accruals and contributions | $12,315 |
| Other employee benefits | $94,072 |
| Payroll taxes | $34,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $27,480 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,998 |
| Travel | $12,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $625 |
| All other expenses | $0 |
| Total functional expenses | $890,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $509,005 |
| Pledges and grants receivable | $15,489 |
| Accounts receivable, net | $26,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,312 |
| Net Land, buildings, and equipment | $118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $141,747 |
| Total assets | $695,971 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,306 |
| Total liabilities | $4,306 |
| Net assets without donor restrictions | $630,267 |
| Net assets with donor restrictions | $61,398 |
| 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 | $695,971 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Vermont Council On Rural Development Inc has recieved totaling $322,150.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $220,150 |
Janes Trust Foundation Boston, MA PURPOSE: THE CLIMATE ECONOMY MODEL COMMUNITIES AND CLIMATE CATALYST PROGRAM | $50,000 |
High Meadows Fund Inc Middlebury, VT PURPOSE: GENERAL OPERATING SUPPORT FOR 2021 AND 2022. | $20,000 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: To expand the collections and offer equity sessions | $20,000 |
Vermont State Employees Credit Union Montpelier, VT PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Windham Foundation Grafton, VT PURPOSE: LOCAL COMMUNITY PLANNING PROGRAMS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pathstone Corporation Rochester, NY | $34,934,430 | $39,754,987 |
Allegany County Community Opportunities And Rural Developmen Belmont, NY | $2,583,412 | $6,739,671 |
La Peninsula Community Organization Inc Bronx, NY | $2,816,738 | $5,481,479 |
Center On Rural Innovation Inc Hartland, VT | $3,965,475 | $1,904,173 |
Retreat Farm Brattleboro, VT | $8,221,926 | $3,402,767 |
Western Catskills Community Revitalization Council Inc Stamford, NY | $944,018 | $1,125,761 |
Vermont Council On Rural Development Inc Montpelier, VT | $695,971 | $938,553 |
Clayton Improvement Associaton Ltd Clayton, NY | $3,493,808 | $787,100 |
Chautauqua County Rural Ministries Inc Dunkirk, NY | $331,824 | $875,611 |
Hudson Valley Agri-Business Development Corporation Hudson, NY | $1,111,610 | $813,133 |
Orange County Rural Development Walden, NY | $481,908 | $628,274 |
Community Capital Of Vermont Inc Barre, VT | $4,295,904 | $363,623 |