Essex Chips Inc
- Assets
- $49.7k
- Revenue
- $281.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Essex Junction, VT
- Founding
- 02/2002
- Data as of
- 06/2023
- EIN
- 03-0372222
Organization Overview
Essex Chips Inc is located in Essex Junction, VT. The organization was established in 2002. 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 06/2023, Essex Chips Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Essex Chips 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 06/2023, Essex Chips Inc generated $281.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $272.2k during the year ending 06/2023. While expenses have increased by 3.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ESSEX CHIPS IS TO SUPPORT, ENGAGE, INSPIRE, AND EMPOWER YOUTH TO MAKE HEALTHY DECISIONS AND BECOME COMMUNITY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES SEVERAL AFTER SCHOOL PROGRAMS AND PROVIDES ENGAGING ACTIVITIES, HEALTHY SNACKS, AND GREAT OPPORTUNITIES FOR YOUTH-ADULT AND PEER INTERACTIONS FOR PRE-TEEN AND TEENAGE STUDENTS WHO ATTEND. THE ORGANIZATION ALSO PROVIDES A COMMUNITY-BASED MENTORING PROGRAM THAT EMPOWERS STUDENTS TO MAKE HEALTHY LIFE CHOICES THAT ENABLE THEM TO MAXIMIZE THEIR PERSONAL POTENTIAL. OTHER PROGRAMS INCLUDE EDUCATION ON AND PROMOTION OF A HEALTHY LIFESTYLE AND AVOIDING RISKY BEHAVIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharin Brink President/co-Chair | OfficerTrustee | 4 | $0 |
Mason Bauer Youth Co-Chair | OfficerTrustee | 1 | $0 |
Yvonne Bortolussi Board Treasurer | OfficerTrustee | 1 | $0 |
Heather Washburn Secretary | OfficerTrustee | 1 | $0 |
Seif Fandy Board Member | Trustee | 1 | $0 |
Omar Khan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,254 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,999 |
| Noncash contributions included in lines 1a–1f | $74,526 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,253 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $840 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $66,899 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,992 |
| 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. | $72,862 |
| Compensation of current officers, directors, key employees. | $9,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$622 |
| Payroll taxes | $7,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,498 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,381 |
| Advertising and promotion | $448 |
| Office expenses | $9,002 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,400 |
| Travel | $288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $355 |
| Interest | $1,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,198 |
| All other expenses | $213 |
| Total functional expenses | $272,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,864 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,738 |
| Accounts payable and accrued expenses | $10,839 |
| 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 | $50,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $60,839 |
| Net assets without donor restrictions | -$11,101 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $49,738 |