Community Capital Of Vermont Inc
- Assets
- $3.6m
- Revenue
- $325.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Barre, VT
- Founding
- 09/2002
- Data as of
- 12/2023
- EIN
- 04-3642655
Organization Overview
Community Capital Of Vermont Inc is located in Barre, VT. The organization was established in 2002. 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 12/2023, Community Capital Of Vermont Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Capital Of Vermont 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, Community Capital Of Vermont Inc generated $325.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $490.5k 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
TO HELP SMALL BUSINESSES AND LOWER INCOME ENTREPRENEURS PROSPER THROUGH THE PROVISION OF FLIXIBLE BUSINESS FINANCING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CAPITAL OF VERMONT IS A STATEWIDE SMALL BUSINESS AND MICROENTERPRISE LENDER SERVING LOW AND MODERATE INCOME ENTRPRENEURS. OUR LOANS RANGE IN SIZE FROM 1,000 TO 100,000 AND CAN BE USED FOR BUSINESS START-UP OR GROWTH AND EXPANSION. CCVT SPECIALIZES IN PROVIDING LOANS TO BUSINESS OWNERS WHO LACK THE COLLATERAL OR CREDIT HISTORY TO QUALIFY FOR TRADITIONAL BANK LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Rob Executive Di | Officer | 40 | $107,815 |
Ronda Berns Vice Preside | Trustee | 2 | $0 |
Mary Chevalier Treasurer | Trustee | 2 | $0 |
Heather Hurlbert President | OfficerTrustee | 2 | $0 |
Nate Messier Board Member | Trustee | 2 | $0 |
Kimberly Rupe Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,296 |
| 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 | $134,296 |
| Total Program Service Revenue | $115,568 |
| Investment income | $66,673 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $325,527 |
| 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. | $107,815 |
| Compensation of current officers, directors, key employees. | $52,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,669 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,496 |
| Payroll taxes | $15,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,752 |
| Fees for services: Accounting | $15,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,332 |
| Advertising and promotion | $9,022 |
| Office expenses | $6,145 |
| Information technology | $7,939 |
| Royalties | $0 |
| Occupancy | $12,030 |
| Travel | $6,706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,244 |
| Insurance | $5,037 |
| All other expenses | $2,489 |
| Total functional expenses | $490,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,361,601 |
| Savings and temporary cash investments | $509,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,224 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,637,366 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,199 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,389 |
| Total assets | $3,586,734 |
| Accounts payable and accrued expenses | $26,200 |
| 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 | $1,029,971 |
| Other liabilities | $22,389 |
| Total liabilities | $1,078,560 |
| Net assets without donor restrictions | $383,974 |
| Net assets with donor restrictions | $2,124,200 |
| 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 | $3,586,734 |