Stratton Mountain & Valley Community Benefit Foundation
- Assets
- $878.9k
- Revenue
- $500.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Stratton Mountain, VT
- Founding
- 09/1997
- Data as of
- 06/2021
- EIN
- 04-3343551
Organization Overview
Stratton Mountain & Valley Community Benefit Foundation is located in Stratton Mountain, VT. The organization was established in 1997. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stratton Mountain & Valley Community Benefit Foundation 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 06/2021, Stratton Mountain & Valley Community Benefit Foundation generated $500.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $453.1k during the year ending 06/2021. While expenses have increased by 11.0% per year over the past 6 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.
Since 2015, Stratton Mountain & Valley Community Benefit Foundation has awarded 50 individual grants totaling $1,327,797. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION HAS ESTABLISHED A SERIES OF EVENTS AND PROGRAMS AND STRATTON ARCHIVES FOR THE BENEFIT OF THE PUBLIC AND, THROUGH GRANTS, FOR VARIOUS CHARITABLE CAUSES ENHANCING OPPORTUNITIES, HEALTH AND QUALITY OF LIFE FOR CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS ESTABLISHED A SERIES OF EVENTS AND PROGRAMS AND STRATTON ARCHIVES FOR THE BENEFIT OF THE PUBLIC AND, THROUGH GRANTS, FOR VARIOUS CHARITABLE CAUSES INCLUDING BREAKING CYCLE OF GENERATIONAL POVERTY IN SOUTHERN VERMONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Mosher Executive Director | 40 | $65,000 | |
Andrea Salo Assoc Executive Director | 10 | $8,967 | |
Steve Kerstein President | OfficerTrustee | 2 | $0 |
Jonathan Klein Secretary | OfficerTrustee | 2 | $0 |
Parker Rice Treasurer | OfficerTrustee | 2 | $0 |
Roxanne Prescott Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $321,675 |
| Noncash contributions included in lines 1a–1f | $7,008 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $337,675 |
| Total Program Service Revenue | $0 |
| Investment income | $1,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $344 |
| Net Income from Fundraising Events | $161,067 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $500,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $303,342 |
| Grants and other assistance to domestic individuals. | $18,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,467 |
| Compensation of current officers, directors, key employees. | $23,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $280 |
| Fees for services: Other | $936 |
| Advertising and promotion | $3,892 |
| Office expenses | $2,108 |
| Information technology | $4,190 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $135 |
| 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 | $2,380 |
| All other expenses | $1,016 |
| Total functional expenses | $453,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $760,571 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,538 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $5,117 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $99,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $878,926 |
| Accounts payable and accrued expenses | $32,113 |
| 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 | $15,458 |
| Total liabilities | $47,571 |
| Net assets without donor restrictions | $804,975 |
| Net assets with donor restrictions | $26,380 |
| 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 | $878,926 |
Grants Awarded
Over the last fiscal year, Stratton Mountain & Valley Community Benefit Foundation has awarded $259,145 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Manchester, VT PURPOSE: STUDENT SUCCESS/scholarships/mentor | $97,000 |
TACONIC & GREEN REGIONAL SD PURPOSE: EDUCATION & COMMUNITY SUPPORT | $30,500 |
Stratton Mountain, VT PURPOSE: FEEDING COMMUNITY | $30,020 |
BIG BROS BIG SISTERS OF VT PURPOSE: PEER MENTORING | $30,000 |
STRATTON MOUNTAIN RESORT PURPOSE: KIDS SUMMER LUNCH PROGRAM | $27,087 |
TACONIC & GREEN REGIONAL SD PURPOSE: MIDDLE SCHOOL SUCCESS PROGRAM | $22,113 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Stratton Mountain & Valley Community Benefit Foundation has recieved totaling $190,392.
| Awarding Organization | Amount |
|---|---|
Alterra Mountain Company Community Foundation Denver, CO PURPOSE: MATCHING GRANT TO SERVE 500 CHILDREN LIVING IN POVERTY | $50,000 |
William J & Dorothy K Oneill Foundation Inc Cleveland, OH PURPOSE: THE STRATTON FOUNDATIONS COMMUNITY PROGRAMS BENEFITTING CHILDREN AND FAMILIES | $50,000 |
William J & Dorothy K Oneill Foundation Inc Cleveland, OH PURPOSE: THE STRATTON FOUNDATION AND TACONIC & GREEN SCHOOL DISTRICT STUDENT SUCCESS PROGRAM (MULTI-YEAR) | $30,000 |
William J & Dorothy K Oneill Foundation Inc Cleveland, OH PURPOSE: THE STRATTON FOUNDATION AND TACONIC & GREEN SCHOOL DISTRICT STUDENT SUCCESS PROGRAM (MULTI-YEAR) | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $24,454 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,938 |
Endowment Analysis
| Ending Balance | $26,379 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |
Patchogue Village Center For The Performing Arts Inc Patchogue, NY | $1,959,065 | $2,916,141 |
Young Audiences Inc New York, NY | $8,115,904 | $1,935,453 |
Roulette Intermedium Inc Brooklyn, NY | $2,527,656 | $2,724,059 |
Chashama Inc New York, NY | $1,226,837 | $1,928,554 |