Stowe Area Association Inc
- Assets
- $1.2m
- Revenue
- $993.7k
- Investments
- $0.0
- Employees
- 15
- Location
- Stowe, VT
- Founding
- Data as of
- 04/2024
- EIN
- 03-0171115
Organization Overview
Stowe Area Association Inc is located in Stowe, VT. As of 04/2024, Stowe Area Association Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stowe Area Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2024, Stowe Area Association Inc generated $993.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $978.9k during the year ending 04/2024. While expenses have increased by 37.7% per year over the past 2 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING RECREATIONAL AND BUSINESS ACTIVITIES IN THE STOWE AREA FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING RECREATIONAL AND BUSINESS ACTIVITIES IN THE STOWE AREA FOR THE BENEFIT OF ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Simmons Executive Director | Officer | 40 | $89,456 |
Josh Wolfgang President | OfficerTrustee | 1 | $0 |
Olivia Terrazzano Vice President | OfficerTrustee | 1 | $0 |
Alison Karosas Treasurer | OfficerTrustee | 1 | $0 |
Walter Frame Secretary | OfficerTrustee | 1 | $0 |
Mark Frier Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,000 |
| 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 | $48,000 |
| Total Program Service Revenue | $904,574 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,185 |
| 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 | $993,734 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $101,425 |
| Other salaries and wages | $295,576 |
| Pension plan accruals and contributions | $10,503 |
| Other employee benefits | $14,129 |
| Payroll taxes | $50,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $963 |
| Fees for services: Accounting | $9,433 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,651 |
| Advertising and promotion | $120,126 |
| Office expenses | $40,555 |
| Information technology | $38,124 |
| Royalties | $0 |
| Occupancy | $34,349 |
| Travel | $2,137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,092 |
| Insurance | $0 |
| All other expenses | $25,986 |
| Total functional expenses | $978,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,295 |
| Savings and temporary cash investments | $768,467 |
| Pledges and grants receivable | $32,644 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,237 |
| Prepaid expenses and deferred charges | $13,685 |
| Net Land, buildings, and equipment | $265,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $40,000 |
| Other assets | $0 |
| Total assets | $1,174,388 |
| Accounts payable and accrued expenses | $33,400 |
| Grants payable | $0 |
| Deferred revenue | $237,689 |
| 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 | $211,638 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $429,286 |
| Total liabilities | $912,013 |
| Net assets without donor restrictions | $262,375 |
| 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 | $1,174,388 |