Revitalizing Waterbury Inc
- Assets
- $1.2m
- Revenue
- $338.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Waterbury, VT
- Founding
- 03/1996
- Data as of
- 12/2023
- EIN
- 03-0330084
Organization Overview
Revitalizing Waterbury Inc is located in Waterbury, VT. The organization was established in 1996. As of 12/2023, Revitalizing Waterbury Inc employed 4 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 12/2023, Revitalizing Waterbury Inc generated $338.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $318.2k during the year ending 12/2023. While expenses have increased by 6.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN WATERBURY DEVELOPMENT
Describe the Organization's Program Activity:
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. 2022 SUPPORT INCLUDED THE WATERBURY AREA FOOD SHELF, THE WATERBURY ROTARY, WATERBURY AMBULANCE SERVICE, AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Nevin Exec Director | Trustee | 30 | $62,255 |
Dave Luce Treasurer | Officer | 3 | $0 |
Krister Adams Director | Trustee | 2 | $0 |
Carolyn Fox Director | Trustee | 2 | $0 |
Julie Frailey President | Trustee | 2 | $0 |
Matt Larson Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $113,814 |
| All other contributions, gifts, grants, and similar amounts not included above | $260,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,556 |
| Total Program Service Revenue | $0 |
| Investment income | $1,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$37,892 |
| 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 | $338,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,900 |
| 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. | $64,622 |
| Compensation of current officers, directors, key employees. | $32,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,485 |
| Fees for services: Management | $67,924 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,210 |
| Advertising and promotion | $13,145 |
| Office expenses | $29,407 |
| Information technology | $1,920 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $825 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,724 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,535 |
| Insurance | $9,575 |
| All other expenses | $0 |
| Total functional expenses | $318,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,360 |
| Savings and temporary cash investments | $44,894 |
| 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 | $892,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,334 |
| Other assets | $1,159 |
| Total assets | $1,224,180 |
| Accounts payable and accrued expenses | $2,929 |
| Grants payable | $0 |
| Deferred revenue | $7,654 |
| 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 | $63,465 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $74,048 |
| 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 | $1,150,132 |
| Total liabilities and net assets/fund balances | $1,224,180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Interscholastic Athletic Association Inc Franklin, MA | $4,757,144 | $6,459,418 |
Section Vi Of The New York State Pub High Schl Athletic Assoc West Seneca, NY | $742,034 | $1,940,648 |
Booster Club Of Smithtown Smithtown, NY | $454,327 | $436,768 |
Revitalizing Waterbury Inc Waterbury, VT | $1,224,180 | $338,333 |
Pioneer Valley Interscholastic Feeding Hills, MA | $327,519 | $257,286 |
Niskayuna Rowing Inc Niskayuna, NY | $206,620 | $232,819 |
Cleghorn Athletic Assn Or St Josephs Club Fitchburg, MA | $191,866 | $216,369 |
West Boylston Athletic Association West Boylston, MA | $6,323 | $0 |