Hudson Valley Current Inc
- Assets
- $88.6k
- Revenue
- $612.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Kingston, NY
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 46-4836595
Organization Overview
Hudson Valley Current Inc is located in Kingston, NY. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Hudson Valley Current Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Valley Current 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 12/2023, Hudson Valley Current Inc generated $612.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $550.9k during the year ending 12/2023. While expenses have increased by 21.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE LOCAL COMMUNITY BUILDING THROUGH SUSTAINABLE ECONOMIC DEVELOPMENT AND TO HELP FEED THE NEED IN OUR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SATISFY HUNGER CAMPIGN - CAFE AND MARKET WITH A PORTION OF PROCEEDS USED TO HELP NEEDY PEOPLE IN THE COMMUNITY AND PROMOTE MEMBER GOODS.
MONTHLY PUBLICATION PROMOTING MEMEBERS AND CURRENT EVENTS
CIRCULATION OF LOCAL BARTER CREDIT IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Fenichel-Hewitt Executive Director | Officer | 40 | $105,021 |
David Mccarthy Board Chair | OfficerTrustee | 0.5 | $0 |
Shaniqua Bowden Secretary | OfficerTrustee | 0.5 | $0 |
Michael Caslin Treasurer | OfficerTrustee | 0.5 | $0 |
Ron Kim Board Member | Trustee | 0.5 | $0 |
Kaustubh Wahal Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,208 |
| Related organizations | $0 |
| Government grants | $121,197 |
| All other contributions, gifts, grants, and similar amounts not included above | $331,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,394 |
| Total Program Service Revenue | $141,783 |
| Investment income | $10,258 |
| 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 | $612,938 |
| 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. | $105,021 |
| Compensation of current officers, directors, key employees. | $76,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,402 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,120 |
| Advertising and promotion | $10,795 |
| Office expenses | $12,818 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,653 |
| Travel | $1,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,626 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,354 |
| Insurance | $3,755 |
| All other expenses | $0 |
| Total functional expenses | $550,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,123 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,537 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $880 |
| Prepaid expenses and deferred charges | $50 |
| Net Land, buildings, and equipment | $27,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,133 |
| Total assets | $88,577 |
| Accounts payable and accrued expenses | $47,956 |
| Grants payable | $0 |
| Deferred revenue | $21,956 |
| 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 | $9,989 |
| Other liabilities | $64,815 |
| Total liabilities | $144,716 |
| Net assets without donor restrictions | -$56,139 |
| Net assets with donor restrictions | $0 |
| 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 | $88,577 |