Woodstock Community Trust Inc
- Assets
- $1.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Woodstock, VT
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 03-0357761
Organization Overview
Woodstock Community Trust Inc is located in Woodstock, VT. The organization was established in 1998. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodstock Community Trust 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 12/2023, Woodstock Community Trust Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 70.8% each year . All expenses for the organization totaled $715.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WOODSTOCK COMMUNITY TRUST IS A NON-PROFIT UMBRELLA ORGANIZATION THAT EMPOWERS TEAMS TO CARRY OUT LOCAL PROJECTS TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING ON THE SUCCESS OF THE WOODSTOCK AREA RELIEF FUND (WARF) THAT WAS ESTABLISHED DURING THE COVID-19 PANDEMIC, THE HUB MAKES IT EASIER FOR RESIDENTS TO GET THE HELP THEY NEED DURING A PERSONAL OR COMMUNITY CRISIS BY CONNECTING PEOPLE TO BOTH PRIVATE AND PUBLIC SOURCES OF SUPPORT.
EAST END PARK - DEVELOPMENT AND MAINTENANCE OF COMMUNITY PARK IN AREA OF TOWN THAT WAS FORMERLY A SNOW DUMP
LOCAL DEEDS - INNOVATIVE PROGRAM TO PROTECT HOUSING FOR FAMILIES AND INDIVIDUALS WHO LIVE AND WORK, OR WILL WORK, IN THE LOCAL COMMUNITY YEAR-ROUND. HOMEBUYERS OR OWNERS RECEIVE A ONE-TIME CASH PAYMENT IN EXCHANGE FOR PLACING PERMANENT DEED RESTRICTIONS ON THEIR PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Davies President | OfficerTrustee | 5 | $0 |
Elizabeth Frascoia Secretary | OfficerTrustee | 2 | $0 |
Pamela Mathews Treasurer | OfficerTrustee | 2 | $0 |
Wendy Spector Vice President | Trustee | 1 | $0 |
Greg Olmstead Board Member | Trustee | 1 | $0 |
Nancy Winter Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,292,637 |
| Noncash contributions included in lines 1a–1f | $76,573 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,303,737 |
| Total Program Service Revenue | $1,610 |
| Investment income | $6,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,433 |
| 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 | $1,306,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $501,353 |
| 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 | $34,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,755 |
| Fees for services: Management | $49,626 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,077 |
| Advertising and promotion | $6,032 |
| Office expenses | $27,221 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,159 |
| All other expenses | $0 |
| Total functional expenses | $715,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,274,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100 |
| 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 | $0 |
| Net Land, buildings, and equipment | $198,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,473,127 |
| Accounts payable and accrued expenses | $13,219 |
| 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 | $20,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,768 |
| Total liabilities | $34,987 |
| Net assets without donor restrictions | -$20,340 |
| Net assets with donor restrictions | $1,458,480 |
| 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 | $1,473,127 |