Mt Washington Valley Economic Council
- Assets
- $4.0m
- Revenue
- $587.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Conway, NH
- Founding
- 02/1992
- Data as of
- 12/2021
- EIN
- 22-3100889
Organization Overview
Mt Washington Valley Economic Council is located in Conway, NH. The organization was established in 1992. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Mt Washington Valley Economic Council employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Washington Valley Economic Council 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, Mt Washington Valley Economic Council generated $587.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $461.0k during the year ending 12/2021. 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
ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jac Cuddy Executive Director | Officer | 40 | $62,588 |
Pat Jones Secretary | OfficerTrustee | 1 | $0 |
Ted Kramer Vice Chairperson | OfficerTrustee | 1 | $0 |
Dan Ouellette Treasurer | OfficerTrustee | 1 | $0 |
Andrew Orsini Chairperson | OfficerTrustee | 1 | $0 |
Scott Cunningham Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,200 |
| Total Program Service Revenue | $119,654 |
| Investment income | $132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$36,839 |
| Net Gain/Loss on Asset Sales | $154,882 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $587,696 |
| 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. | $62,588 |
| Compensation of current officers, directors, key employees. | $42,812 |
| Compensation to disqualified persons | $59,833 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,260 |
| Payroll taxes | $9,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,922 |
| Fees for services: Accounting | $13,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,635 |
| Office expenses | $5,521 |
| 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 | $32,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,507 |
| Insurance | $7,684 |
| All other expenses | $13,058 |
| Total functional expenses | $461,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,263 |
| Savings and temporary cash investments | $300,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,213 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $937,853 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $2,441,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,001,339 |
| Accounts payable and accrued expenses | $99,606 |
| Grants payable | $0 |
| Deferred revenue | $17,848 |
| 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 | $2,988,522 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,105,976 |
| Net assets without donor restrictions | -$1,305,767 |
| Net assets with donor restrictions | $2,201,130 |
| 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 | $4,001,339 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mt Washington Valley Economic Council has recieved totaling $12,264.
| Awarding Organization | Amount |
|---|---|
| $12,264 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Maine Development Corporation Bangor, ME | $11,518,769 | $64,676,194 |
Northern Maine Development Commission Inc Caribou, ME | $20,810,299 | $32,269,814 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Greater New Bedford Workforce Investment Board Inc New Bedford, MA | $1,194,439 | $3,887,016 |
The Resource Inc For Community And Economic Development North Eastham, MA | $2,064,773 | $3,152,233 |
New England Council Inc Boston, MA | $13,389,867 | $3,995,081 |
Main South Community Development Corporation Worcester, MA | $15,010,122 | $3,407,145 |
Maine Development Foundation Hallowell, ME | $970,799 | $2,681,444 |
Center For Economic Democracy Boston, MA | $11,558,653 | $3,979,312 |
Maine Tourism Association Hallowell, ME | $2,552,212 | $2,806,092 |
Central Square Business Improvement District Inc Cambridge, MA | $657,722 | $2,519,554 |