St Johnsbury Development Fund Inc

Organization Overview

St Johnsbury Development Fund Inc is located in Saint Johnsbury, VT. The organization was established in 1959. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Johnsbury Development Fund Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 09/2023, St Johnsbury Development Fund Inc generated $112.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $97.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT IN RURAL NORTHERN VERMONT - THE FUND HAS BEEN SUCCESSFUL IN SECURING SEVERAL MEDIUM-SIZED MANUFACTURING BUSINESSES AND INCREASING THE JOBS IN THE ST. JOHNSBURY

Describe the Organization's Program Activity:

Part 3 - Line 4a

ECONOMIC DEVELOPMENT IN RURAL NORTHERN VERMONT. THE FUND HAS BEEN SUCCESSFUL IN SECURING SEVERAL MEDIUM SIZED MANUFACTURING BUSINESSES AND INCREASING THE JOBS AVAILABLE IN THE ST. JOHNSBURY LYNDON AREA. THESE JOBS ARE PAYING BETTER THAN AVERAGE WAGES.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Kimbell
President
$0
Jon Freeman
First Vice President
$0
Aminta Conant
Second Vice President
$0
Martha Davis
Secretary
$0
Mark Clough
Treasurer
$0
John Goodrich
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $53
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $112,000
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $112,053

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