Memorial Drive Nmtc Holdings Inc

Organization Overview

Memorial Drive Nmtc Holdings Inc is located in St Johnsbury, VT. The organization was established in 2017. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Memorial Drive Nmtc Holdings Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 06/2023, Memorial Drive Nmtc Holdings Inc generated $514.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $839.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER, ENCOURAGE AND ASSIST BOTH THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN THE STATE OF VERMONT AND THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF CALEDONIA COUNTY, AND THE SUPPORT OF RELATED ACTIVITIES CONSISTENT WITH THE GOALS OF THE ORGANIZATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOSTERING, ENCOURAGING AND ASSISTING BOTH THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN THE STATE OF VERMONT AND THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF CALEDONIA COUNTY, AND THE SUPPORT OF RELATED ACTIVITIES CONSISTENT WITH THE GOALS OF THE ORGANIZATION


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Board, Officers & Key Employees

Name (title)Compensation
Peter Corey
President
$0
David Snedeker
Treasurer
$0
Brendan Hughes
Secretary
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$514,027
Investment income $393
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 $514,420

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