Community Capital Of Vermont Inc
- Assets
- $4.3m
- Revenue
- $363.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Barre, VT
- Founding
- 09/2002
- Data as of
- 12/2020
- EIN
- 04-3642655
Organization Overview
Community Capital Of Vermont Inc is located in Barre, VT. The organization was established in 2002. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Community Capital Of Vermont Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Capital Of Vermont 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 12/2020, Community Capital Of Vermont Inc generated $363.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $517.8k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP SMALL BUSINESSES AND LOWER INCOME ENTREPRENEURS PROSPER THROUGH THE PROVISION OF FLIXIBLE BUSINESS FINANCING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CAPITAL OF VERMONT IS A STATEWIDE SMALL BUSINESS AND MICROENTERPRISE LENDER SERVING LOW AND MODERATE INCOME ENTRPRENEURS. OUR LOANS RANGE IN SIZE FROM 1,000 TO 100,000 AND CAN BE USED FOR BUSINESS START-UP OR GROWTH AND EXPANSION. CCVT SPECIALIZES IN PROVIDING LOANS TO BUSINESS OWNERS WHO LACK THE COLLATERAL OR CREDIT HISTORY TO QUALIFY FOR TRADITIONAL BANK LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Rob Executive Di | Officer | 40 | $86,250 |
Heather Hurlbert Secretary | OfficerTrustee | 2 | $0 |
Mary Chevalier Treasurer | OfficerTrustee | 2 | $0 |
Tyler Richardson Vice Preside | OfficerTrustee | 2 | $0 |
Trish Sears President | OfficerTrustee | 2 | $0 |
Ronda Berns Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,428 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,833 |
| Total Program Service Revenue | $185,354 |
| Investment income | $3,448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $363,623 |
| 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. | $86,250 |
| Compensation of current officers, directors, key employees. | $76,762 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,404 |
| Payroll taxes | $20,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,074 |
| Fees for services: Accounting | $20,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,484 |
| Advertising and promotion | $9,221 |
| Office expenses | $9,827 |
| Information technology | $5,181 |
| Royalties | $0 |
| Occupancy | $14,700 |
| Travel | $1,829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,047 |
| Insurance | $7,565 |
| All other expenses | $140 |
| Total functional expenses | $517,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $644,323 |
| Savings and temporary cash investments | $1,766,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,803,505 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,054 |
| Net Land, buildings, and equipment | $8,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,295,904 |
| Accounts payable and accrued expenses | $29,018 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $305 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,823,590 |
| Other liabilities | $0 |
| Total liabilities | $1,852,913 |
| Net assets without donor restrictions | $231,598 |
| Net assets with donor restrictions | $2,211,393 |
| 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 | $4,295,904 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Capital Of Vermont Inc has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pathstone Corporation Rochester, NY | $34,934,430 | $39,754,987 |
Allegany County Community Opportunities And Rural Developmen Belmont, NY | $2,583,412 | $6,739,671 |
La Peninsula Community Organization Inc Bronx, NY | $2,816,738 | $5,481,479 |
Center On Rural Innovation Inc Hartland, VT | $3,965,475 | $1,904,173 |
Retreat Farm Brattleboro, VT | $8,221,926 | $3,402,767 |
Western Catskills Community Revitalization Council Inc Stamford, NY | $944,018 | $1,125,761 |
Vermont Council On Rural Development Inc Montpelier, VT | $695,971 | $938,553 |
Clayton Improvement Associaton Ltd Clayton, NY | $3,493,808 | $787,100 |
Chautauqua County Rural Ministries Inc Dunkirk, NY | $331,824 | $875,611 |
Hudson Valley Agri-Business Development Corporation Hudson, NY | $1,111,610 | $813,133 |
Orange County Rural Development Walden, NY | $481,908 | $628,274 |
Community Capital Of Vermont Inc Barre, VT | $4,295,904 | $363,623 |