Mad River Valley Community Fund
- Assets
- $1.3m
- Revenue
- $307.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Waitsfield, VT
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 03-0320230
Organization Overview
Mad River Valley Community Fund is located in Waitsfield, VT. The organization was established in 1991. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mad River Valley Community Fund 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 12/2021, Mad River Valley Community Fund generated $307.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $379.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mad River Valley Community Fund has awarded 18 individual grants totaling $364,785. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE AN INTERIM SAFETY NET FOR INDIVIDUALS OR FAMILIES WHO ARE NOT SUFFICIENTLY SERVED BY FEDERAL AND STATE PROGRAMS AND TO PROVIDE IN THOSE CASES NECESSITIES OF LIFE SUCH AS BUT NOT LIMITED TO SHELTER, FOOD, CLOTHING, AND MEDICAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING FOR INDIGENT ASSISTANCE, HOUSING, FOOD, AND MEDICAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mehuron Treasurer | OfficerTrustee | 2 | $0 |
Ashley Woods Chair | OfficerTrustee | 3 | $0 |
John Williams Director | Trustee | 2 | $0 |
Catherine Kalkstein Director | Trustee | 2 | $0 |
Troy Kingsbury Director | Trustee | 2 | $0 |
Duane Pierson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,195 |
| Total Program Service Revenue | $0 |
| Investment income | $18,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,061 |
| Grants and other assistance to domestic individuals. | $258,306 |
| 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 | $0 |
| Other salaries and wages | $35,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $893 |
| Advertising and promotion | $0 |
| Office expenses | $1,824 |
| Information technology | $1,168 |
| Royalties | $0 |
| Occupancy | $4,200 |
| 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 | $0 |
| Insurance | $1,946 |
| All other expenses | $0 |
| Total functional expenses | $379,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,687 |
| Savings and temporary cash investments | $295,199 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $816,605 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,316,491 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,095 |
| Total liabilities | $1,095 |
| Net assets without donor restrictions | $1,315,396 |
| 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 | $1,316,491 |
Grants Awarded
Over the last fiscal year, Mad River Valley Community Fund has awarded $151,127 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Waitsfield, VT PURPOSE: WATER SYSTEM PROJECT | $102,071 |
Waitsfield, VT PURPOSE: dwelling project & hire coordinator | $42,000 |
Waitsfield, VT PURPOSE: GENERAL SUPPORT | $7,056 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mad River Valley Community Fund has recieved totaling $10,300.
| Awarding Organization | Amount |
|---|---|
Winthrop H Smith Jr Charitable Foundation Inc Stamford, CT PURPOSE: TO PROMOTE THE ORGANIZATION'S EXEMPT PURPOSES. | $7,000 |
Elno Family Foundation Inc Bethesda, MD PURPOSE: COMMUNITY | $2,000 |
Hurdle Hill Foundation Boston, MA PURPOSE: CONSERVATION | $1,000 |
Deborah And Robert First Family Foundation Weston, MA PURPOSE: FAMILY RELIEF AND ASSISTANCE | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
Syracuse Community Health Center Inc Syracuse, NY | $18,630,162 | $24,795,455 |
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
Granite United Way Manchester, NH | $10,904,464 | $19,030,593 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |
Wellington Management Foundation Boston, MA | $61,260,814 | $15,149,104 |