Magic Village Cooperative Corporation
- Assets
- $195.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Londonderry, VT
- Founding
- 08/1969
- Data as of
- 05/2022
- EIN
- 03-0217863
Organization Overview
Magic Village Cooperative Corporation is located in Londonderry, VT. The organization was established in 1969. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Village Cooperative Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 05/2022, Magic Village Cooperative Corporation generated $75.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $80.3k during the year ending 05/2022. While expenses have increased by 8.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MAINTENANCE OF WATER FACILITY AND ROADS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Les Velte President | 2 | $0 | |
Ron Gillespie Treasurer | 2 | $0 | |
Helen Hamman Vice President | 1 | $0 | |
Stephen Kramer Trustee | 2 | $0 | |
Brian Johansson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $75,780 |
| Membership dues | $0 |
| Investment income | $94 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,874 |
| 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 | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $70 |
| Other expenses | $79,247 |
| Total expenses | $80,317 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $173,299 |
| Other assets | $0 |
| Total assets | $194,992 |
| Total liabilities | $0 |
| Net assets or fund balances | $194,992 |
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