Run Vermont Inc
- Assets
- $571.2k
- Revenue
- $726.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Burlington, VT
- Founding
- 08/1991
- Data as of
- 07/2023
- EIN
- 03-0315418
Organization Overview
Run Vermont Inc is located in Burlington, VT. The organization was established in 1991. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 07/2023, Run Vermont Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Run Vermont 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 07/2023, Run Vermont Inc generated $726.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $614.9k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 8 years. 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
RUN VERMONT SUPPORTS RUNNING AS A LIFELONG ACTIVITY BY PRODUCING EXCEPTIONAL EVENTS AND PROGRAMS THAT ENGAGE OUR COMMUNITY AND CELEBRATE THE ATHLETIC SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMORIAL DAY WEEKEND EVENTS INCLUDING SPORTS & FITNESS EXPO OPEN TO THE PUBLIC AND A MARATHON AND RELAY RACE FOR APPROXIMATELY 7,000 RUNNERS USING 1,700 VOLUNTEERS.
OTHER PROGRAMS CONSIST OF CONSULTING SERVICES PROVIDED TO OTHER RUNNING ORGANIZATIONS.
YOUTH PROGRAMS INCLUDE THE MINI MILERS PROGRAM WHICH ENCOURAGES YOUTH TO EXERCISE REGULARLY AND PRACTICE GOOD NUTRITIONAL HABITS. DURING THE MARATHON WEEKEND, A SERIES OF YOUTH RACES ARE HELD, INVOLVING APPROXIMATELY 800 YOUTH.
OTHER EVENTS INCLUDE HALF-MARATHON UNPLUGGED IN EARLY APRIL, ISLAND VINES 10K, SUMMER SIX PACK AND VIRTUAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Connelly Executive Di | Officer | 40 | $82,605 |
Peter Delaney Until July 2022 Executive Di | Officer | 40 | $71,050 |
Charles Sam Davis Chair | OfficerTrustee | 2 | $0 |
Beth Anderson Vice Chair | OfficerTrustee | 2 | $0 |
Heather Hennessy Secretary | OfficerTrustee | 2 | $0 |
Randy Sargent Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $214,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,219 |
| Total Program Service Revenue | $482,564 |
| Investment income | $85 |
| 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 | $8,680 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $726,774 |
| 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. | $108,489 |
| Compensation of current officers, directors, key employees. | $37,971 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,226 |
| Pension plan accruals and contributions | $1,093 |
| Other employee benefits | $8,813 |
| Payroll taxes | $16,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,651 |
| Fees for services: Accounting | $3,462 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,448 |
| Advertising and promotion | $23,522 |
| Office expenses | $8,097 |
| Information technology | $13,426 |
| Royalties | $0 |
| Occupancy | $45,423 |
| Travel | $3,600 |
| 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 | $0 |
| Insurance | $5,739 |
| All other expenses | $0 |
| Total functional expenses | $614,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,063 |
| Savings and temporary cash investments | $100,302 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,719 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,121 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $571,205 |
| Accounts payable and accrued expenses | $14,142 |
| Grants payable | $0 |
| Deferred revenue | $5,063 |
| 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 | $89,200 |
| Other liabilities | $0 |
| Total liabilities | $108,405 |
| Net assets without donor restrictions | $462,800 |
| 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 | $571,205 |