Black River Good Neighbor Services Inc
- Assets
- $653.9k
- Revenue
- $573.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Ludlow, VT
- Founding
- 01/1990
- Data as of
- 12/2023
- EIN
- 03-0307817
Organization Overview
Black River Good Neighbor Services Inc is located in Ludlow, VT. The organization was established in 1990. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Black River Good Neighbor Services Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black River Good Neighbor Services 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, Black River Good Neighbor Services Inc generated $573.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $476.0k during the year ending 12/2023. While expenses have increased by 10.3% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A COMMUNITY ORGANIZATION THAT PROVIDES FOOD, CLOTHING, AND FINANCIAL ASSISTANCE TO ECONOMICALLY AND NUTRITIONALLY INSECURE INDIVIDUALS AND FAMILIES TO HELP THEM RETURN TO SELF- SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 WE DISTRIBUTED FREE FOOD TO NUTRITIONALLY INSECURE INDIVIDUALS AND FAMILIES IN OUR SERVICE AREA. WE PURCHASE FOOD FROM THE VERMONT FOODBANK AND LOCAL VENDORS. LOCAL RESIDENTS AND ORGANIZATIONS DONATED ADDITIONAL FOOD TO US. WE ALSO DISTRIBUTED USDA FOODS AND SUPPLEMENTED THESE DISTRIBUTIONS WITH DONATED AND PURCHASED FOOD FROM OUR FOOD SHELVES SINCE THESE RECIPIENTS ARE AMONG THE POOREST OF OUR CLIENTS. WE RAISED FUNDS FOR THIS PROGRAM THROUGH DONATIONS, SPECIAL EVENTS, AND SALES OF DONATED GOODS FROM OUR THRIFT STORE AND USED FURNITURE STORE. WE DO NOT RECORD REVENUE BY PROGRAM DUE TO THE MULTIPLICITY OF SOURCES AND THE VOLUME OF UNDESIGNATED CASH GIFTS. GRANTS REPORTED HERE ARE MEASURED BY THE COST OF FOOD PURCHASED. SEE SCHEDULE 1 PART 3 FOR THE MEASURE OF GRANTS BASED ON RETAIL VALUE OF FOOD DISTRIBUTED.
WE ASSISTED CLIENTS WHO MET OUR INCOME GUIDELINES WITH PAYMENTS FOR RENT, FUEL, UTILITIES AND FLOOD ASSISTANCE. WE RAISED FUNDS FOR THIS PROGRAM THROUGH DONATIONS, SPECIAL EVENTS AND SALES OF DONATED GOODS FROM OUR THRIFT STORE AND USED FURNITURE STORE. WE DO NOT RECORD REVENUE BY PROGRAM DUE TO THE MULTIPLICITY OF SOURCES AND THE VOLUME OF NON-CASH DONATIONS.
WE DISTRIBUTED HOLIDAY FOOD VIA GIFT CARDS AND COUPONS IN DECEMBER OF 2023 TO 99 FAMILIES WHO MET OUR HOUSEHOLD FINANCIAL GUIDELINES FOR ASSISTANCE. THESE CARDS AND COUPONS WERE DONATED TO US OR PURCHASED BY US AND DELIVERED TO THE RECIPIENTS. WE ALSO DISTRIBUTED TOYS THAT WERE DONATED BY VARIOUS LOCAL INDIVIDUALS AND ORGANIZATIONS TO ANY CHILDREN IN ELIGIBLE HOUSEHOLDS THAT RECEIVED FOOD ASSISTANCE. SEE SCHEDULE 1, PART 3 FOR THE MEASURE OF GRANTS BASED ON FAIR MARKET VALUE. THE AMOUNT OF EXPENSES REPRESENTS OUR CASH COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krey Kellington Executive Dir. | Trustee | 40 | $58,940 |
23-24 Lou Krefski Treasurer | OfficerTrustee | 10 | $0 |
23-24 Carol Baranowski Secretary | OfficerTrustee | 10 | $0 |
2023 Jane Pixley Director | Trustee | 5 | $0 |
23-24 John Dean Vice President | OfficerTrustee | 10 | $0 |
2026 Anne Cherico Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,340 |
| Total Program Service Revenue | $0 |
| Investment income | $11,726 |
| 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 | $236,778 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $573,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $159,806 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,500 |
| Compensation of current officers, directors, key employees. | $14,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,823 |
| Payroll taxes | $21,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,561 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,479 |
| Royalties | $0 |
| Occupancy | $30,658 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,572 |
| Insurance | $3,116 |
| All other expenses | $14,851 |
| Total functional expenses | $475,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,075 |
| Savings and temporary cash investments | $531,341 |
| Pledges and grants receivable | $0 |
| 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 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $82,529 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $653,949 |
| Accounts payable and accrued expenses | $1,701 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,701 |
| Net assets without donor restrictions | $652,248 |
| 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 | $653,949 |