Vermont Brewers Association Inc
- Assets
- $194.8k
- Revenue
- $641.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Richmond, VT
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 03-0347544
Organization Overview
Vermont Brewers Association Inc is located in Richmond, VT. The organization was established in 1996. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Vermont Brewers Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Brewers Association 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 12/2022, Vermont Brewers Association Inc generated $641.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $664.9k during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND STRENGTHEN THE CULTURE OF CRAFT BREWING IN VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VT CRAFT BREWING INDUSTRY HAS AN ESTIMATED ECONOMIC IMPACT OF $384 MILLION, SUPPORTS 2,593 JOBS AT AN AVERAGE WAGE OF $38,887. CURRENT MEMBERSHIP SIZE IS 63, WITH 15.6 BREWERIES PER 100,000 21+ RESIDENTS (RANKS #1 IN THE NATION) PRODUCING 324,505 BARRELS OF CRAFT BEER ANNUALLY. WE HAVE 5 ACTIVECOMMITTEES FOCUSED ON EXECUTIVE OUR STRATEGIC PLAN IN THE AREAS OF ADVOCACY, MARKETING, EDUCATION, SUSTAINABILITY, AND DIVERSITY EQUITY AND INCLUSION. THE VERMONT BREWERS FESTIVAL IN BURLINGTON HAS BEEN RUNNING FOR 30 YEARS AND IS ONE OF THE PREMIER BEER FESTIVALS IN THE WORLD ATTRACTING OVER 7,000 PEOPLE AND IS THE MAJOR FUNDRAISER FOR THE VBA. IN 2022 WE ALSO HAD A SMALLER BREWERS FESTIVAL AT KILLINGTON.
OUR TECHNICAL AND EDUCATION COMMITTEE'S GOAL IS TO PROVIDE EDUCATION AND TRAINING TO MEMBER BREWERS WITH THE GOAL OF IMPROVING AND MAINTAINING THE HIGHEST QUALITY STANDARD OF BEER BREWED IN VERMONT. WE HAVE 1 TECHNICAL AND EDUCATIONAL DAY A YEAR PLANNED BY THE COMMITTEE AND ARE HOSTING THE FIRST ANNUAL VERMONT CRAFT BREWERS CONFERENCE IN NOVEMBER OF 2023 WHICH WILL BE A 2 DAY EDUCATIONAL EVENT FOCUSING ON SUSTAINABILITY & SAFETY, TECHNICAL BREWING, AND BUSINESS DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Parkes Director | Trustee | 2 | $0 |
Marty Bonneau Director | Trustee | 2 | $0 |
Scott Gawitt Director | Trustee | 2 | $0 |
Dan Sartwell Vice President | OfficerTrustee | 2 | $0 |
Bill Mares Director | Trustee | 2 | $0 |
Avery Schwenk President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,168 |
| Noncash contributions included in lines 1a–1f | $5,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,908 |
| Total Program Service Revenue | $571,639 |
| Investment income | $262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,408 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,780 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $641,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $99,161 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,861 |
| Pension plan accruals and contributions | $1,137 |
| Other employee benefits | $0 |
| Payroll taxes | $14,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,523 |
| Fees for services: Accounting | $7,695 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,446 |
| Advertising and promotion | $61,041 |
| Office expenses | $28,461 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,800 |
| Travel | $24,745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183 |
| Insurance | $6,888 |
| All other expenses | $6,589 |
| Total functional expenses | $664,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,737 |
| Savings and temporary cash investments | $32,892 |
| 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 | $10,587 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,400 |
| Total assets | $194,776 |
| Accounts payable and accrued expenses | $9,380 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,380 |
| 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 | $185,396 |
| Total liabilities and net assets/fund balances | $194,776 |