Southeastern Vermont Economic Development Strategies Inc

Organization Overview

Southeastern Vermont Economic Development Strategies Inc is located in Brattleboro, VT. The organization was established in 2019. 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. Southeastern Vermont Economic Development Strategies 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 06/2021, Southeastern Vermont Economic Development Strategies Inc generated $193.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $152.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEVEDS EXISTS TO REVERSE THE WINDHAM REGIONS ECONOMIC DECLINE. WE ENVISION DEVELOPING THE SOUTHERN VERMONT ECONOMY TO GENERATE LONG-TERM GROWTH AND PROSPERITY, IMPROVE THE REGIONS QUALITY OF LIFE, AND SUSTAIN ITS QUALITY OF PLACE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTAIN A VALID WINDHAM REGION "COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY AND SUPPORT AND CO-ADMINISTER AN EDA FUNDED JOINT CEDS TO THE BENEFIT OF WINDHAM AND BENNINGTON COUNTIES. SUPPORT WORKFORCE CENTER OF EXCELLENCE COLLABORATIVE BETWEEN PROVIDERS AND USERS OF WORKFORCE DEVELOPMENT SERVICES.


MAINTAIN A VALID WINDHAM REGION "COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY AND SUPPORT AND CO-ADMINISTER AN EDA FUNDED JOINT CEDS TO THE BENEFIT OF WINDHAM AND BENNINGTON COUNTIES. SUPPORT WORKFORCE CENTER OF EXCELLENCE COLLABORATIVE BETWEEN PROVIDERS AND USERS OF WORKFORCE DEVELOPMENT SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Avery Schwenk
Chair
$0
Ashley Havreluk
Vice-Chair
$0
Gary Fox
Secretary
$0
Bill Colvin
Treasurer
$0
Robert Stevens
Director
$0
Josh Druke
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $193,727
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$193,727
Total Program Service Revenue$0
Investment income $0
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 $193,727

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Southeastern Vermont Economic Development Strategies Inc has recieved totaling $65,000.

Awarding OrganizationAmount
Brattleboro Development Credit Corporation

Brattleboro, VT

PURPOSE: GRANT ASSISTANCE

$50,000
Thomas Thompson Trust

Boston, MA

PURPOSE: PIPELINES & PATHWAY PROGRAM

$15,000
View Grant Recipient Profile

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