Chill Foundation A Nonprofit Corporation
- Assets
- $1.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 43
- Location
- Burlington, VT
- Founding
- 03/1997
- Data as of
- 04/2024
- EIN
- 03-0353892
Organization Overview
Chill Foundation A Nonprofit Corporation is located in Burlington, VT. The organization was established in 1997. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 04/2024, Chill Foundation A Nonprofit Corporation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chill Foundation A Nonprofit Corporation 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 04/2024, Chill Foundation A Nonprofit Corporation generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $3.0m during the year ending 04/2024. While expenses have increased by 7.0% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE YOUNG PEOPLE THROUGH BOARDSPORTS AND BUILD A MORE EQUITABLE OUTDOOR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSPIRE YOUTH TO OVERCOME CHALLENGES THROUGH BOARDSPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Carpenter Co-Chair | OfficerTrustee | 2 | $0 |
Scott Mcardle Co-Chair/secretary | OfficerTrustee | 1 | $0 |
Josee Larocque Treasurer (thru 02/24) | OfficerTrustee | 1 | $0 |
Justin Worthley Board Member | Trustee | 1 | $0 |
Bo Twiggs Board Member | Trustee | 1 | $0 |
Mary Hodorowicz Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $610,039 |
| Related organizations | $749,181 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,886,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,245,943 |
| Total Program Service Revenue | $0 |
| Investment income | $38,760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$74,518 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,243,306 |
| 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. | $195,105 |
| Compensation of current officers, directors, key employees. | $43,633 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,958,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $172,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,242 |
| Fees for services: Other | $11,629 |
| Advertising and promotion | $16,434 |
| Office expenses | $50,097 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,044 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,043,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $140,920 |
| Accounts receivable, net | $234,405 |
| 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 | $22,512 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $941,978 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $278,939 |
| Total assets | $1,944,629 |
| Accounts payable and accrued expenses | $313,704 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| 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 | $165 |
| Total liabilities | $353,869 |
| Net assets without donor restrictions | $1,521,858 |
| Net assets with donor restrictions | $68,902 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,944,629 |