Building A Local Economy
- Assets
- $72.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Royalton, VT
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 27-4850835
Organization Overview
Building A Local Economy is located in South Royalton, VT. The organization was established in 2014. 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. Building A Local Economy 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 12/2021, Building A Local Economy generated $191.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $179.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
IN 2021 WE OFFERED A RANGE OF EDUCATIONAL AND COMMUNITY-BUILDING PROGRAMS AT OUR PHYSICAL LOCATION AND REMOTELY INCLUDING CLASSES, MEETINGS, ART SHOWS, MUSIC EVENTS AND FILMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Wood Executive Director | 30 | $33,939 | |
Sue Schlabach Board Chair | 2 | $0 | |
Cecily Anderson Director | 1 | $0 | |
Dee Gish Secretary/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,119 |
| Total Program Service Revenue | $130,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $191,119 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,056 |
| Professional fees and other payments to independent contractors | $13,508 |
| Occupancy, rent, utilities, and maintenance | $6,502 |
| Printing, publications, postage, and shipping | $174 |
| Other expenses | $111,364 |
| Total expenses | $179,604 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,458 |
| Other assets | $0 |
| Total assets | $72,333 |
| Total liabilities | $340 |
| Net assets or fund balances | $71,993 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Building A Local Economy has recieved totaling $142,000.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: SORO RESILIENCE HUB | $125,000 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $12,500 |
Maverick Lloyd Foundation Sharon, VT PURPOSE: UNRESTRICTED GRANT TOWARDS WORK BUILDING RESILIENT COMMUNITIES. | $2,500 |
Larsen Fund Harrison, NY PURPOSE: GENERAL OPERATING FUND | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Nybdc Local Development Corporation Albany, NY | $39,799,179 | $11,401,541 |
Venture For America Inc New York, NY | $3,605,973 | $6,866,605 |
Trufund Financial Services Inc New York, NY | $14,181,328 | $2,317,905 |
Griffiss Local Development Corporation Rome, NY | $28,823,478 | $3,861,279 |
Metrotech Area District Management Association Inc Brooklyn, NY | $3,270,355 | $4,991,826 |
Kiryas Joel Municipal Local Development Corporation Monroe, NY | $2,561,042 | $4,665,324 |
Greater New Bedford Workforce Investment Board Inc New Bedford, MA | $1,194,439 | $3,887,016 |
West Harlem Development Corporation New York, NY | $61,321,755 | $1,156,663 |