Revitalizing Waterbury Inc
- Assets
- $1.1m
- Revenue
- $238.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Waterbury, VT
- Founding
- 03/1996
- Data as of
- 12/2020
- EIN
- 03-0330084
Organization Overview
Revitalizing Waterbury Inc is located in Waterbury, VT. The organization was established in 1996. As of 12/2021, Revitalizing Waterbury Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Revitalizing Waterbury 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 12/2020, Revitalizing Waterbury Inc generated $238.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $236.2k during the year ending 12/2020. While expenses have increased by 13.4% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN WATERBURY DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION OF THE HISTORIC WATERBURY RAILROAD STATION. EXPENSES INCLUDE INSURANCE, TAXES, MAINTENANCE & INTEREST ON MORTGAGES.
PRESERVE AND ENHANCE THE ECONOMIC, HISTORIC, AND SOCIAL VITALITY OF DOWNTOWN WATERBURY AS A "DESIGNATED DOWNTOWN" THROUGH SPECIAL EVENTS AND PROGRAMS.
DONATIONS TO VARIOUS LOCAL ORGANIZATIONS IN WATERBURY, VERMONT. 2020 SUPPORT INCLUDED THE WATERBURY FARMERS MARKET, THE WATERBURY AREA MAKER SPHERE COOPOERATIVE, AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Nevin Exec Director | Trustee | 30 | $57,943 |
Dave Luce Treasurer | Officer | 3 | $0 |
Carolyn Fox Director | Trustee | 2 | $0 |
Tyler Keefe Director | Trustee | 2 | $0 |
Matt Larson Director | Trustee | 2 | $0 |
Otho Thompson Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $170,089 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,261 |
| Total Program Service Revenue | $0 |
| Investment income | $457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,022 |
| 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 | $238,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,365 |
| Compensation of current officers, directors, key employees. | $58,881 |
| Compensation of current officers, directors, key employees. | $29,440 |
| Compensation to disqualified persons | $68,120 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,716 |
| Fees for services: Management | $8,385 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,743 |
| Advertising and promotion | $35,667 |
| Office expenses | $22,458 |
| Information technology | $2,395 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,000 |
| Insurance | $2,360 |
| All other expenses | $4,662 |
| Total functional expenses | $236,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,536 |
| Savings and temporary cash investments | $53,604 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,472 |
| 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 | $1,004,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,597 |
| Other assets | $9,692 |
| Total assets | $1,147,843 |
| Accounts payable and accrued expenses | $8,534 |
| Grants payable | $0 |
| Deferred revenue | $21,671 |
| 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 | $128,149 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $158,354 |
| Net assets without donor restrictions | $0 |
| 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 | $989,489 |
| Total liabilities and net assets/fund balances | $1,147,843 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Revitalizing Waterbury Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,500 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,500 |
Community Bank N A Foundation Of New England Inc Williston, VT PURPOSE: OPERATIONS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Interscholastic Athletic Association Inc Franklin, MA | $4,446,998 | $3,180,996 |
Section Vi Of The New York State Pub High Schl Athletic Assoc West Seneca, NY | $551,652 | $1,673,727 |
Booster Club Of Smithtown Smithtown, NY | $401,155 | $334,665 |
Revitalizing Waterbury Inc Waterbury, VT | $1,147,843 | $238,740 |
Niskayuna Rowing Inc Niskayuna, NY | $236,503 | $192,712 |
Pioneer Valley Interscholastic Feeding Hills, MA | $333,996 | $225,458 |
West Boylston Athletic Association West Boylston, MA | $10,467 | $0 |
Cleghorn Athletic Assn Or St Josephs Club Fitchburg, MA | $38,111 | $0 |