Vermont Chamber Foundation Inc
- Assets
- $91.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montpelier, VT
- Founding
- 11/1993
- Data as of
- 09/2023
- EIN
- 03-0335635
Organization Overview
Vermont Chamber Foundation Inc is located in Montpelier, VT. The organization was established in 1993. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Chamber Foundation 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 09/2023, Vermont Chamber Foundation Inc generated $131.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $178.7k during the year ending 09/2023. While expenses have increased by 8.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE VERMONT FUTURES PROJECT IS THE BENEFICIARY OF DONATIONS FROM BUSINESSES AND INDIVIDUALS THAT DIRECTLY SUPPORTS RESEARCH AND EDUCATION RELATED TO VERMONT'S ECONOMY. IN TERMS OF RESEARCH, THE FUNDING HAS GONE TOWARDS DEVELOPING A PUBLIC WEB DASHBOARD WITH METRICS THAT TRACK VERMONT'S ECONOMIC HEALTH AND THE PRODUCTION OF REPORTS TO INTERPRET THE METRICS. ON THE EDUCATION FRONT, FUNDING HAS SUPPORTED A VIDEO INTERVIEW SERIES WITH THOUGHT LEADERS TO PROVIDE INSIGHTS ON VERMONT'S ECONOMY FROM A VARIETY OF PERSPECTIVES. OUR NEXT MAJOR INITIATIVE WILL BE TO DEVELOP A STATEWIDE ECONOMIC PLAN IN COLLABORATION WITH COMMUNITY PARTNERS TO ESTABLISH UNIFIED GOALS AND TARGETS FOR ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Daniels Director | 1 | $0 | |
Paul Carroccio Director | 1 | $0 | |
Evan Langfeldt Director | 1 | $0 | |
Bethany Bishop President Of Chamber | 1 | $0 | |
Bill Shouldice Chair | 1 | $0 | |
Laura Galster Vice Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,850 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $131,850 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $117,030 |
| Professional fees and other payments to independent contractors | $43,394 |
| Occupancy, rent, utilities, and maintenance | $4,800 |
| Printing, publications, postage, and shipping | $27 |
| Other expenses | $13,485 |
| Total expenses | $178,736 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,953 |
| Other assets | $0 |
| Total assets | $91,901 |
| Total liabilities | $8,740 |
| Net assets or fund balances | $83,161 |