2024-02-28T14:22:47-06:00 2023-06-30 111986323 MARCUM LLP 555 LONG WHARF DRIVE NEW HAVEN CT 06511 990 2022-07-01 462760132 SOUTHEASTERN VERMONT ECONOMIC DEVELOPMENT STRATEGIES INC SOUT 8022577731 76 COTTON MILL HILL BRATTLEBORO VT 05301 WENDY HARRISON CHAIR 8022577731 2024-02-05 1 WENDY HARRISON 999009999 1 MARY ANTONETTI P00431862 2037819600 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WENDY HARRISON 76 COTTON MILL HILL BRATTLEBORO VT 05301 176768 0 X WWW.SEVEDS.COM X 2012 VT SEVEDS EXISTS TO REVERSE THE WINDHAM REGIONS ECONOMIC DECLINE. (SEE SCHEDULE O)WE ENVISION DEVELOPING THE SOUTHERN VERMONT ECONOMY TO GENERATE LONG-TERM GROWTH AND PROSPERITY, IMPROVE THE REGIONS QUALITY OF LIFE, AND SUSTAIN ITS QUALITY OF PLACE. 14 13 0 14 0 0 163110 161542 210 1497 0 2435 0 11294 163320 176768 0 0 0 0 0 134718 0 0 0 148674 27612 148674 162330 14646 14438 143666 160495 4453 6844 139213 153651 SEVEDS EXISTS TO REVERSE THE WINDHAM REGIONS ECONOMIC DECLINE. WE ENVISION DEVELOPING THE SOUTHERN VERMONT ECONOMY TO GENERATE LONG-TERM GROWTH AND PROSPERITY, IMPROVE THE REGIONS QUALITY OF LIFE, AND SUSTAIN ITS QUALITY OF PLACE. 0 0 152103 12791 MAINTAIN A VALID WINDHAM REGION "COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY AND SUPPORT AND CO-ADMINISTER AN EDA FUNDED JOINT CEDS TO THE BENEFIT OF WINDHAM AND BENNINGTON COUNTIES. SUPPORT WORKFORCE CENTER OF EXCELLENCE COLLABORATIVE BETWEEN PROVIDERS AND USERS OF WORKFORCE DEVELOPMENT SERVICES. 152103 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X THE ORGANIZATION 8022577731 76 COTTON MILL HILL BRATTLEBORO VT 05301 WENDY HARRISON CHAIR 1.00 X X 0 0 0 MEG STREETER VICE-CHAIR 1.00 X X 0 0 0 GARY FOX TREASURER 1.00 X X 0 0 0 BILL COLVIN CLERK 1.00 X X 0 0 0 SAMBA DIALLO DIRECTOR 1.00 X 0 0 0 PETER CARVELL DIRECTOR 1.00 1.00 X 0 0 0 ADAM GRINOLD EXECUTIVE DIRECTOR 1.00 42.00 X X 0 148513 4455 MARY ANN KRISTIANSEN DIRECTOR 1.00 X 0 0 0 KEITH MARKS DIRECTOR 1.00 X 0 0 0 DREW RICHARDS DIRECTOR 1.00 X 0 0 0 AVERY SCHWENK DIRECTOR 1.00 X 0 0 0 SUE WESTA DIRECTOR 1.00 X 0 0 0 TOM CAIN DIRECTOR (JOINED FY 2023) 1.00 X 0 0 0 KATHLEEN MCGRAW DIRECTOR (JOINED FY 2023) 1.00 X 0 0 0 ROBERT STEVENS DIRECTOR (RESIGNED - 7/1/22) 0.00 1.00 X 0 0 0 KONSTANTIN VON KRUSENSTIERN DIRECTOR (RESIGNED - 7/1/22) 0.00 X 0 0 0 BOBBI KILBURN DIRECTOR OF FINANCE 1.00 42.00 X 0 115680 9600 0 264193 14055 0 0 1 0 0 50000 111492 50 161542 YOUNG PROFESSIONALS 900099 1497 1497 1497 2435 2435 MISCELLANEOUS INCOME 900099 11294 11294 11294 176768 12791 0 2435 106880 98393 8487 2935 2935 15407 15407 9496 9496 4603 4313 290 3930 3682 248 17296 16206 1090 1783 1671 112 162330 152103 10227 0 143666 160495 143666 160495 0 271 4453 6573 4453 6844 X 139213 153651 139213 153651 143666 160495 14438 0 X X 0 1 X 1 0 X 188086 192034 193727 163110 161542 898499 188086 192034 193727 163110 161542 898499 898499 2435 2435 11294 11294 912228 8603 0.98500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE FOLLOWING IS AN EXCERPT FROM NOTE 2 OF THE FINANCIAL STATEMENTS: BDCC, BDCC HOLDINGS, AND BDCC HOLDINGS II HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS ORGANIZATIONS DESCRIBED IN IRC SECTION 501(C)(6). SEVEDS HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) IS REQUIRED TO BE FILED ANNUALLY BY EACH ENTITY WITH THE IRS. IN ADDITION, NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO EACH ENTITY'S EXEMPT PURPOSE IS SUBJECT TO INCOME TAX. BDCC ACCOUNTS FOR UNCERTAIN TAX PROVISIONS UNDER FASB ASC 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW ENTITIES SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. BDCC MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS REVIEWED BDCC'S REPORTING AND BELIEVES THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE IRS AND, THEREFORE, NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. BDCC IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. 0 0 0 0 0 0 0 0 0 ADAM GRINOLD EXECUTIVE DIRECTOR 0 148513 0 0 0 0 0 4455 0 0 0 152968 0 0 PART I, LINE 3 THE RELATED ORGANIZATION THAT COMPENSATES THE CEO/EXECUTIVE DIRECTOR USE THE FOLLOWING METHODS TO ESTABLISH THEIR COMPENSATION: - COMPENSATION COMMITTEE - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT IS DONE BY BDCC. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 WITH ALL ATTACHMENTS WAS DISTRIBUTED TO THE DIRECTORS IN ADVANCE OF A MEETING TO DISCUSS THE FILINGS. DIRECTORS INPUT WAS SOUGHT AND APPROPRIATE ADDITIONAL DISCLOSURES AND CORRECTIONS WERE MADE. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE CONFLICT OF INTEREST / RELATED PARTY TRANSACTION POLICY IS REVIEWED AND EDITED FOR COMPLIANCE, AS NECESSARY. ANY / ALL EDITS ARE CONFIRMED WITH GENERAL COUNSEL, AND THEN THE POLICY IS REVIEWED AND APPROVED BY THE BDCC BOARD OF TRUSTEES, INCLUDING THE COMPLETION OF THE QUESTIONNAIRE WHICH IS COMPLETED BY STAFF AND THE BOARD OF TRUSTEES OF BDCC AND AFFILIATED ENTITIES. THESE QUESTIONNAIRES ARE COMPLETED AT LEAST ANNUALLY, OR AS NEEDED, AND ARE EXECUTED IN PARALLEL WITH THE START OF EACH FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS, UPON REQUEST. BRATTLEBORO DEVELOPMENT CREDIT CORP 76 COTTON MILL HILL BRATTLEBORO VT 05301 036010485 ECONOMIC DEVELOPMENT VT 501(C)(6) N/A 0 BDCC REAL ESTATE HOLDINGS INC 76 COTTON MILL HILL BRATTLEBORO VT 05301 810687884 ECONOMIC DEVELOPMENT VT 501(C)(6) N/A 0 BDCC REAL ESTATE HOLDINGS II INC 76 COTTON MILL HILL BRATTLEBORO VT 05301 813578784 ECONOMIC DEVELOPMENT VT 501(C)(6) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 BRATTLEBORO DEVELOPMENT CREDIT CORP C 50000 ACTUAL COST BRATTLEBORO DEVELOPMENT CREDIT CORP P 146083 ACTUAL COST PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATION: BRATTLEBORO DEVELOPMENT CREDIT CORPORATION. PRIMARY ACTIVITY: TO SERVE AS A CATALYST FOR INDUSTRIAL AND COMMERCIAL GROWTH IN WINDHAM COUNTY, VERMONT AND TO CREATE AND RETAIN A FLOURISHING BUSINESS COMMUNITY THAT SUPPORTS VIBRANT FISCAL ACTIVITY AND IMPROVES THE QUALITY OF LIFE OF ALL OF ITS RESIDENTS. BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS, INC. PRIMARY ACTIVTY: TO FOSTER, ENCOURAGE, AND ASSIST THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN VERMONT. DIRECT CONTROLLING ENTITY: BRATTLEBORO DEVELOPMENT CREDIT CORPORATION. BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS II, INC. PRIMARY ACTIVITY: TO FOSTER, ENCOURAGE, AND ASSIST THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN VERMONT. DIRECT CONTROLLING ENTITY: BRATTLEBORO DEVELOPMENT CREDIT CORPORATION.