NonprofitsAddison County Economic Development Corporation

Addison County Economic Development Corporation

MIDDLEBURY, VT

Total revenue

$315K

Total expenses

$342K

Net assets

$320K

Grants received

$17K

1 grants

EIN

030331665

Tax year

2023

Mission

To create an entrepreneurial and innovative environment, nurturing business to launch, grow, and thrive.

Programs

1 program

Lending Services Lending services include project finance planning and direct lending to businesses through an ACEDC revolving loan fund and a USDA financed intermediary relending program.

Expenses: $76K

Financials

FY 2023

Revenue

Contributions & grants$263K
Program service revenue$48K
Investment income$4K
Other revenue$603
Total revenue$315K

Expenses

Grants paid
Salaries & benefits$219K
Fundraising$28K
Other expenses$123K
Total expenses$342K
Total assets$1.2M
Net assets$320K

People

18 listed

NameRoleCompensation

Frederick Kenney II

Executive Director

Board

$100K

40 hrs/wk

Jason Larocque

President

Board

2 hrs/wk

Gina Larrow

VP Treasurer

Board

2 hrs/wk

David Castle

Secretary

Board

2 hrs/wk

Christopher Lapierre

Board Member

Board

2 hrs/wk

Joseph Andriano

Board Member

Board

2 hrs/wk

Ryan Bartlett

Board Member

Board

2 hrs/wk

Mark Foster

Board Member

Board

2 hrs/wk

Nicole MacTavish

Board Member

Board

2 hrs/wk

Richard McKerr

Board Member

Board

2 hrs/wk

Robert Ortmyer

Board Member

Board

2 hrs/wk

Renny Perry

Board Member

Board

2 hrs/wk

Susan P Ritter

Board Member

Board

2 hrs/wk

Darcy Tarte

Board Member

Board

2 hrs/wk

Valerie Capels left in 2024

Board Member

Board

2 hrs/wk

Jason Robart left in 2024

Board Member

Board

2 hrs/wk

Thomas Thompson left in 2024

Board Member

Board

2 hrs/wk

Bill Townsend left in 2024

Board Member

Board

2 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$17K
GRANT ASSISTANCE
2020

Funded by

$17K from 1 funder · 1 grant · 2020

Details

EIN030331665
Subsection06
Ruling date1994-08
Formed1991
Employees5
Volunteers16
ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo