Broad Brook Community Center Inc
- Assets
- $2.3m
- Revenue
- $142.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Guilford, VT
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 47-4342670
Organization Overview
Broad Brook Community Center Inc is located in Guilford, VT. The organization was established in 2016. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broad Brook Community Center 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, Broad Brook Community Center Inc generated $142.6k 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 (23.1%) each year. All expenses for the organization totaled $115.1k during the year ending 12/2023. 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
THE MISSION OF THE BROAD BROOK COMMUNITY CENTER, INC. IS TO PRESERVE AND CARE FOR GUILFORDS HISTORIC GRANGE HALL BY REVITALIZING IT AS A GATHERING PLACE FOR ACTIVITIES THAT FOSTER COMMUNITY SPIRIT, HONOR OUR COMMUNITY HERITAGE, AND SPARK CREATIVE WAYS TO ENHANCE THE WELL-BEING OF, AND SERVE, THE PEOPLE OF GUILFORD NOW AND FOR GENERATIONS TO COME.WE ENVISION A REFRESHED AND ACCESSIBLE BROAD BROOK COMMUNITY CENTER SERVING AS A HOME FOR ACTIVITIES THAT FOSTER COMMUNITY SPIRIT AND HONOR OUR RURAL HERITAGE. THE CENTER WILL BE THE CATALYST, A SPARK FOR CREATIVE WAYS TO ENHANCE THE LIVES OF THE PEOPLE WHO LIVE HERE, NOW AND IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JANUARY 2018, THE BROAD BROOK COMMUNITY CENTER, INC. ACQUIRED THE BROAD BROOK GRANGE #151S HISTORIC GATHERING PLACE.THE MISSION OF THE BROAD BROOK COMMUNITY CENTER, INC. IS TO PRESERVE AND CARE FOR GUILFORDS HISTORIC GRANGE HALL BY REVITALIZING IT AS A GATHERING PLACE FOR ACTIVITIES THAT FOSTER COMMUNITY SPIRIT, HONOR OUR COMMUNITY HERITAGE, AND SPARK CREATIVE WAYS TO ENHANCE THE WELL-BEING OF, AND SERVE, THE PEOPLE OF GUILFORD NOW AND FOR GENERATIONS TO COME.WE ENVISION A REFRESHED AND ACCESSIBLE BROAD BROOK COMMUNITY CENTER SERVING AS A HOME FOR ACTIVITIES THAT FOSTER COMMUNITY SPIRIT AND HONOR OUR RURAL HERITAGE. THE CENTER WILL BE THE CATALYST, A SPARK FOR CREATIVE WAYS TO ENHANCE THE LIVES OF THE PEOPLE WHO LIVE HERE, NOW AND IN THE FUTURE.WHILE PRESERVING THE BUILDINGS HISTORIC CHARACTER, RENOVATIONS WILL ADD NEW FEATURES AND BRING IT INTO COMPLIANCE WITH CURRENT SAFETY CODES AND ADA STANDARDS, PLUS ADD BEAUTY, USABILITY AND SUSTAINABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Holland Treasurer | OfficerTrustee | 2 | $0 |
Alan Overman Director | Trustee | 2 | $0 |
Rick Zamore Director | Trustee | 2 | $0 |
Sandra Garland Director | OfficerTrustee | 2 | $0 |
Josh Renaud Director | Trustee | 1 | $0 |
Diane Murphy Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,987 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,987 |
| Total Program Service Revenue | $20,080 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,506 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,599 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,348 |
| Advertising and promotion | $0 |
| Office expenses | $55 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,046 |
| Travel | $0 |
| 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 | $64,821 |
| Insurance | $6,639 |
| All other expenses | $482 |
| Total functional expenses | $115,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,780 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,279,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,337,563 |
| Accounts payable and accrued expenses | $12 |
| 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 | $500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $512 |
| Net assets without donor restrictions | $2,337,051 |
| 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 | $2,337,563 |