East Calais Community Trust
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- East Calais, VT
- Founding
- Data as of
- 12/2023
- EIN
- 84-4740090
Organization Overview
East Calais Community Trust is located in East Calais, VT. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Calais Community Trust 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, East Calais Community Trust generated $1.4m in total revenue. All expenses for the organization totaled $383.2k during the year ending 12/2023. While expenses have increased by 85.5% per year over the past 4 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
PROMOTE THE PRESERVATION AND COMMUNITY DEVELOPMENT OF THE EAST CALAIS VILLAGE IN THE TOWN OF CALAIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAST CALAIS COMMUNITY TRUCT (ECCT) PURCHASED THE EAST CALAIS STORE AND THREE LOW TO MODERATE INCOME APARTMENTS THROUGH DONATIONS AND GRANTS. IN 2022, IT CONTINUED TO COLLECT GRANT, DONATIONS AND RENTAL INCOME WHILE RESTORING THE BUILDING. IN OCTOBER 2022, ECCT CREATED A WHOLLY-OWNED SUBSIDIARY, (KINGSBURY BRANCH COMMUNITY PARTNERS, LLC - EIN -5611)TO ACT AS A GENERAL PARTNER IN A FOR-PROFIT ENTITY (4520 HISTORIC ENTERPRISE LIMITED PARTNERSHIP. "4520" WILL APPLY FOR HISTORIC PROPERTY STATUS, FINISH RESTORATION AND OPERATE THE PROPERTY. THE RENOVATION OF THE HISTORICAL BUILDING AT 4520 ROUTE 14 IN EAST CALAIS VT COMPLIED WITH ALL HISTORIC PRESERVATION REQUIREMENTS. THE GENERAL STORE OPENED FOR BUSINESS OCTOBER 1, 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Brough Marshall Board Member | Trustee | 2 | $0 |
Marc Mihaly President | OfficerTrustee | 2 | $0 |
Janice Ohlsson Treasurer | OfficerTrustee | 2 | $0 |
Susan Stitely Secretary | Trustee | 2 | $0 |
Denise Wheeler Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,020,181 |
| All other contributions, gifts, grants, and similar amounts not included above | $393,802 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,413,983 |
| Total Program Service Revenue | $283 |
| 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 | $1,414,266 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $74 |
| Office expenses | $337 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,384 |
| 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 | $404 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $383,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,066 |
| 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 | $42,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,044,914 |
| Total assets | $1,134,720 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,134,720 |
| 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 | $1,134,720 |