Vermont Technology Council Inc
- Assets
- $412.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 03-0344160
Organization Overview
Vermont Technology Council Inc is located in Burlington, VT. The organization was established in 1995. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Technology Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Vermont Technology Council Inc generated $136.0k 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 (17.2%) each year. All expenses for the organization totaled $167.4k during the year ending 12/2023. 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
PROMOTION AND MANAGEMENT OF TECHNOLOGY IN THE STATE OF VERMONT BY COORDINATING EFFORTS WITH ORGANIZATIONS SUCH AS UVM INNOVATIONS, VERMONT ACADEMY OF SCIENCE & ENGINEERING, VERMONT CENTER FOR EMERGING TECHNOLOGIES, VERMONT EPSCOR, VERMONT MANUFACTURING EXTENSION CENTER, VERMONT SMALL BUSINESS INNOVATION RESEARCH, AND UVM ARC PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bradbury President | 2 | $0 | |
Frank Cioffi Chairman | 0.2 | $0 | |
Kirk Dombrowski Ex-Officio | 0.2 | $0 | |
Lindsay Kurrle Director | 0.2 | $0 | |
Robert Miller Director | 0.2 | $0 | |
Pam Mackenzie Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $41 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $136,041 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,355 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $167,355 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $412,395 |
| Other assets | $0 |
| Total assets | $412,395 |
| Total liabilities | $0 |
| Net assets or fund balances | $412,395 |
Grants Awarded
Over the last fiscal year, Vermont Technology Council Inc has awarded $322,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERISTY OF VERMONT PURPOSE: VASE program support | $13,200 |
VT CTR FOR EMERGING TECH PURPOSE: Further VCET's mission | $148,000 |
UNIVERISTY OF VERMONT PURPOSE: VASE program support | $13,200 |
VT CTR FOR EMERGING TECH PURPOSE: Further VCET's mission | $148,000 |