Bennington Airport Development Corporation
- Assets
- $17.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bennington, VT
- Founding
- 10/2015
- Data as of
- 12/2018
- EIN
- 47-5003114
Organization Overview
Bennington Airport Development Corporation is located in Bennington, VT. The organization was established in 2015. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bennington Airport Development Corporation 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 12/2018, Bennington Airport Development Corporation generated $10.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $17.0k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
TO INCREASE GENERAL AVIATION ACTIVITY AT WILLIAM H. MORSE AIRPORT TO A LEVEL THAT WOULD ATTACT AND SUSTAIN A CREDITABLE , VIABLE PRIVATE-SECTOR OPERATOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David K Corey Treasurer | 1 | $0 | |
Charles Suss President | 1 | $0 | |
John Likakis Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,540 |
| Total Revenue | $10,292 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,815 |
| Occupancy, rent, utilities, and maintenance | $8,247 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,940 |
| Total expenses | $17,002 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,783 |
| Other assets | $0 |
| Total assets | $17,783 |
| Total liabilities | $1,314 |
| Net assets or fund balances | $16,469 |