NonprofitsBrattleboro Development Credit Corporation

Community Improvement & Capacity Building

Brattleboro Development Credit Corporation

BRATTLEBORO, VT

Total revenue

$6.0M

Total expenses

$4.9M

Net assets

$14.1M

Grants received

$52K

5 grants

EIN

036010485

Tax year

2023

Mission

Brattleboro development credit corporation (bdcc), is a private, nonprofit (see sch. O)economic development organization that serves as a catalyst for industrial and commercial growth throughout southeastern vermont, including windham county and the towns of readsboro, searsburg, weston, and winhall. The primary objective of the bdcc is to invest in the drivers of the regional economy so that people, businesses, and communities in southern vermont can thrive. Our vision statement reads: people who love southern vermont have opportunities to thrive here.

Programs

2 programs

Development projects: bdcc has entered into agreements, in support of affiliated entities; brattleboro development credit corporation real estate holdings, inc. And brattleboro development credit corporation real estate holdings ii, inc., on behalf of specific expansion projects for the benefit of regional employers providing opportunities for growth and job creation.

Administering bdcc's strategic projects / programs, funded from internal sources, federal, state, and private foundation grants, including workforce intiatives, business support & lending, community development initiatives, and windham county economic development program.

Financials

FY 2023

Revenue

Contributions & grants$1.9M
Program service revenue$3.4M
Investment income$694K
Other revenue$3K
Total revenue$6.0M

Expenses

Grants paid$635K
Salaries & benefits$1.5M
Fundraising
Other expenses$2.7M
Total expenses$4.9M
Total assets$17.8M
Net assets$14.1M

People

16 listed

NameRoleCompensation

ADAM GRINOLD

EXECUTIVE DIRECTOR

Board

$156K

40 hrs/wk

BOBBI KILBURN

DIRECTOR OF FINANCE

Board

$126K

40 hrs/wk

JOHN MEYER

ASST. TREASURER

Board

1 hrs/wk

ROBERT STEVENS

TRUSTEE

Board

1 hrs/wk

DAN NORMANDEAU

TRUSTEE

Board

1 hrs/wk

MARK RICHARDS

TRUSTEE

Board

1 hrs/wk

KEVIN MEYER

TRUSTEE

Board

1 hrs/wk

CRAIG MISKOVICH

CHAIR

Board

1 hrs/wk

ELIZABETH BRIDGEWATER

TRUSTEE

Board

1 hrs/wk

STEPHAN MORSE

TRUSTEE

Board

1 hrs/wk

PETER CARVELL

TRUSTEE - RESIGNED FY24

Board

1 hrs/wk

PHIL STECKLER

TRUSTEE - DECEASED FY24

Board

1 hrs/wk

TRACEY JOHN

TRUSTEE

Board

1 hrs/wk

TAMMY RICHARDS

VICE CHAIR

Board

1 hrs/wk

DEBORAH BOYLE

TREASURER

Board

1 hrs/wk

JEN STROMSTEN

DIRECTOR OF PROGRAMS

Staff

$103K

40 hrs/wk

Grants received

Showing 5 of 5

FromAmountPurposeYear
$10K
PIPELINES & PATHWAYS PROGRAM
2023
$12K
Refugee Resettlement
2022
$10K
PIPELINES & PATHWAYS PROGRAM
2022
$10K
Pipeline andPathwaysProgram (P3)
2021
$10K
Pipeline andPathwaysProgram (P3)
2020

Funded by

$52K from 2 funders · 5 grants · 2020–2023

George W Mergens Foundation

$40K · 4 grants · 2020–2023

World Learning Inc

$12K · 1 grant · 2022

Details

EIN036010485
NTEE codeS41
Subsection06
Ruling date2017-06
Formed1954
Employees23
Volunteers13
BRATTLEBORO DEVELOPMENT CREDIT CORPORATION — Mission, Financials & Grants Received | Grantivo