NonprofitsFranklin County Industrial

Franklin County Industrial

ST ALBANS, VT

Total revenue

$1.5M

Total expenses

$1.4M

Net assets

$4.7M

Grants received

$19K

2 grants

EIN

510192568

Tax year

2023

Mission

To promote development and growth of private industry in the greater St. Albans area and Franklin County as a whole

Programs

2 programs

To provide loans to area businesses and municipalities for acquisition and expansion purposesTo provide revolving loans for the creation of employment opportunities and/or the maintenance of existing jobs, particularly for the benefit of low income persons, displaced farm families and farm families needing to supplement their income. These funds are to be used for the purchase or expansion of land, buildings, machinery or equipment, start-up costs, feasibility studies or other working capital.

Expenses: $361K

To provide loans to area businesses and municipalities for acquisition and expansion purposes

Expenses: $3K

Financials

FY 2023

Revenue

Contributions & grants$339K
Program service revenue$1.0M
Investment income
Other revenue$139K
Total revenue$1.5M

Expenses

Grants paid
Salaries & benefits$233K
Fundraising
Other expenses$1.2M
Total expenses$1.4M
Total assets$10.1M
Net assets$4.7M

People

20 listed

NameRoleCompensation

Timothy Smith

Executive Director

Board

$100K

40 hrs/wk

Amy Kimball

Secretary

Board

$43K

40 hrs/wk

Mark Lareau

Chair

Board

1 hrs/wk

Kevin Manahan

Vice Chair

Board

1 hrs/wk

Leon Berthiaume

Treasurer

Board

1 hrs/wk

Maureen Brown

Director

Board

1 hrs/wk

Patrick Calecas

Director

Board

1 hrs/wk

Kathy Lavoie

Director

Board

1 hrs/wk

Michael O'Brien

Director

Board

1 hrs/wk

Dean Pelkey

Director

Board

1 hrs/wk

Rebecca Stebbins

Director

Board

1 hrs/wk

Carl Rosenquist

Director

Board

1 hrs/wk

Coleen Condon

Director

Board

1 hrs/wk

Elizabeth Gamache

Director

Board

1 hrs/wk

Jess Graff

Director

Board

1 hrs/wk

Andrew Crossman

Director

Board

1 hrs/wk

Evan Branon

Director

Board

1 hrs/wk

Lisa Durocher

Director

Board

1 hrs/wk

Leilani King

Director

Board

1 hrs/wk

John Hango

Directory

Board

1 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$10K
Supplemental Environmental Project
2021

Funded by

$19K from 2 funders · 2 grants · 2020–2021

Salvation Farms Inc

$10K · 1 grant · 2021

Details

EIN510192568
Subsection04
Ruling date1972-03
Formed1979
Employees5
FRANKLIN COUNTY INDUSTRIAL — Mission, Financials & Grants Received | Grantivo