Vermont Technology Council Inc
- Assets
- $481.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 04/1995
- Data as of
- 12/2021
- 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 12/2021, Vermont Technology Council Inc generated $136.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.2%) each year. All expenses for the organization totaled $131.1k during the year ending 12/2021. 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
2021
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, AND VERMONT SMALL BUSINESS INNOVATION RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bradbury President | 2 | $0 | |
Richard Tarrant Director | 0.2 | $0 | |
Dr John Evans Director | 0.2 | $0 | |
Frank Cioffi Chairman | 0.2 | $0 | |
Robert Miller 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 | $53 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $136,053 |
| 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 | $2,085 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $131,085 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $481,716 |
| Other assets | $0 |
| Total assets | $481,716 |
| Total liabilities | $0 |
| Net assets or fund balances | $481,716 |
Grants Awarded
Over the last fiscal year, Vermont Technology Council Inc has awarded $161,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VT CTR FOR EMERGING TECH PURPOSE: Further VCET's mission | $148,000 |
UNIVERISTY OF VERMONT PURPOSE: VASE program support | $13,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
For Inspiration And Recognition Of Science And Technology First Manchester, NH | $64,269,944 | $72,988,833 |
Terc Inc Cambridge, MA | $20,874,819 | $13,653,170 |
Ny Creates Albany, NY | $99,965 | $4,450,000 |
Western New York Technology Development Center Inc Buffalo, NY | $1,286,247 | $2,858,472 |
The Asme Foundation Inc New York, NY | $33,818,246 | $3,028,197 |
Cortico Corporation Boston, MA | $3,352,303 | $987,674 |
Mit Real Estate Foundation Inc Cambridge, MA | $3,185,000 | -$155,000 |
Hudson Valley Technology Development Center Inc Newburgh, NY | $824,479 | $1,255,790 |
International First Committee Association Manchester, NH | $2,287,995 | $919,576 |
Engineering Conferences International Inc New York, NY | $3,118,614 | $313,156 |
Brokaw Family Foundation Merrimack, NH | $4,131,332 | $152,642 |
New Hampshire Tech Alliance Manchester, NH | $288,906 | $429,424 |