Ticonderoga Revitalization Alliance Inc
- Assets
- $4.4m
- Revenue
- $778.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Ticonderoga, NY
- Founding
- 11/2013
- Data as of
- 12/2023
- EIN
- 90-0642083
Organization Overview
Ticonderoga Revitalization Alliance Inc is located in Ticonderoga, NY. The organization was established in 2013. 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. As of 12/2023, Ticonderoga Revitalization Alliance Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ticonderoga Revitalization Alliance 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, Ticonderoga Revitalization Alliance Inc generated $778.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 60.9% each year . All expenses for the organization totaled $329.1k during the year ending 12/2023. While expenses have increased by 29.2% per year over the past 9 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
RESTORE ECONOMIC PROSPERITY TO THE TICONDEROGA, NEW YORK REGION BY SERVING AS A CLEARINGHOUSE FOR INNOVATIVE IDEAS AND A CATALYST FOR PUBLIC-PRIVATE PARTNERSHIPS AND INVESTMENT OPPROTUNITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORE ECONOMIC PROSPERITY TO THE TICONDEROGA, NEW YORK REGION BY SERVING AS A CLEARINGHOUSE FOR INNOVATIVE IDEAS AND A CATALYST FOR PUBLIC-PRIVATE PARTNERSHIPS AND INVESTMENT OPPROTUNITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Wotton Exec Dir/dev | Officer | 40 | $82,400 |
Nancy Archer Director | Trustee | 2 | $0 |
Lance Clark Governance C | OfficerTrustee | 2 | $0 |
Scott Hearburg Director | Trustee | 2 | $0 |
Patrick Ida CFO Finance | OfficerTrustee | 2 | $0 |
Chris Mallon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,878 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,164 |
| All other contributions, gifts, grants, and similar amounts not included above | $631,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $720,313 |
| Total Program Service Revenue | $5,410 |
| Investment income | $52,817 |
| 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 | $778,565 |
| 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. | $82,400 |
| Compensation of current officers, directors, key employees. | $8,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,171 |
| Payroll taxes | $13,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,246 |
| Office expenses | $2,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,199 |
| Travel | $775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $780 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,506 |
| Insurance | $5,323 |
| All other expenses | $480 |
| Total functional expenses | $329,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $822,037 |
| 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 | $3,453,492 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $96,888 |
| Investments—publicly traded securities | $52,422 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,424,839 |
| Accounts payable and accrued expenses | $4,723 |
| 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 | $4,723 |
| Net assets without donor restrictions | $3,907,629 |
| Net assets with donor restrictions | $512,487 |
| 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 | $4,424,839 |