Essex Chips Inc
- Assets
- $62.0k
- Revenue
- $308.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Essex Junction, VT
- Founding
- 02/2002
- Data as of
- 06/2022
- EIN
- 03-0372222
Organization Overview
Essex Chips Inc is located in Essex Junction, VT. The organization was established in 2002. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Essex Chips Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Essex Chips 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 06/2022, Essex Chips Inc generated $308.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $324.8k during the year ending 06/2022. While expenses have increased by 6.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ESSEX CHIPS IS TO SUPPORT, ENGAGE, INSPIRE, AND EMPOWER YOUTH TO MAKE HEALTHY DECISIONS AND BECOME COMMUNITY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES SEVERAL AFTER SCHOOL PROGRAMS AND PROVIDES ENGAGING ACTIVITIES, HEALTHY SNACKS, AND GREAT OPPORTUNITIES FOR YOUTH-ADULT AND PEER INTERACTIONS FOR PRE-TEEN AND TEENAGE STUDENTS WHO ATTEND. THE ORGANIZATION ALSO PROVIDES A COMMUNITY-BASED MENTORING PROGRAM THAT EMPOWERS STUDENTS TO MAKE HEALTHY LIFE CHOICES THAT ENABLE THEM TO MAXIMIZE THEIR PERSONAL POTENTIAL. OTHER PROGRAMS INCLUDE EDUCATION ON AND PROMOTION OF A HEALTHY LIFESTYLE AND AVOIDING RISKY BEHAVIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Corodimas Executive Director | Officer | 40 | $18,154 |
Heather Washburn Secretary | OfficerTrustee | 1 | $0 |
Yvonne Bortolussi Treasurer | OfficerTrustee | 1 | $0 |
Justin Lee Youth Board Co-Chair | OfficerTrustee | 2 | $0 |
Katharin Brink President/co-Chair | OfficerTrustee | 4 | $0 |
Fatima Khan Youth Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,048 |
| Related organizations | $0 |
| Government grants | $137,553 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,642 |
| Noncash contributions included in lines 1a–1f | $66,795 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,243 |
| Total Program Service Revenue | $1,070 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $19,627 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,727 |
| 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. | $58,846 |
| Compensation of current officers, directors, key employees. | $7,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,585 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,750 |
| Payroll taxes | $8,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,642 |
| Advertising and promotion | $1,321 |
| Office expenses | $12,740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,400 |
| Travel | $501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $358 |
| Interest | $714 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,530 |
| All other expenses | $113 |
| Total functional expenses | $324,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,213 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,407 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $410 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,030 |
| Accounts payable and accrued expenses | $14,574 |
| 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 | $67,322 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $81,896 |
| Net assets without donor restrictions | -$19,866 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $62,030 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Essex Chips Inc has recieved totaling $23,000.
| Awarding Organization | Amount |
|---|---|
George W Mergens Foundation Milton, VT PURPOSE: MATCHING FUNDSFOR AMERICORPSPOSITIONS | $10,000 |
United Way Of Northwest Vermont Inc South Burlington, VT PURPOSE: PROGRAM | $10,000 |
Courtney And Victoria Buffum Family Foundation Burlington, VT PURPOSE: TO SUPPORTTHE TEEN/TWEENCENTER. | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Vermont Permanency Initiative Inc Plymouth, NH | $11,154,700 | $16,308,251 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |