2024-08-09T07:22:48-05:00 2023-12-31 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990EZ 2023-01-01 822514581 CAPITAL INNOVATION LAB INC CAPI 8023730340 13 KETTLE CREEK ROAD JERICHO VT 05465 JANICE SHADE EXEC DIR/AUTHORIZED TAX OFFICER 8023730340 2024-08-08 1 0 CONNIE FELLION P01875413 8026581808 2024-08-08 2023 2024-08-08 14:25:15Z X WWW.INNOVATECAPITAL.ORG X X 171976 X 110461 60382 1099 1742 -643 34 170234 92579 61172 98 221 4154 158224 12010 10843 0 22853 X 10199 21332 1990 2646 12189 23978 1346 1125 10843 22853 X EDUCATION AND RESEARCH TRUEFAMILY BRANDS - A) ENGAGED AND LED A GROUP OF UNIV OF VERMONT SUSTAINABLE INNOVATION MBA STUDENTS TO RESEARCH AND IMPLEMENT AN INNOVATIVE ORGANIZATIONAL AND CAPITAL STRUCTURE TO PROMOTE IMPACT GOALS OF A NEW SOCIAL VENTURE. THE SOCIAL VENTURE, TRUEFAMILY BRANDS, IS CARRYING ON THE ORIGINAL SOCIAL AND ENVIRONMENTAL MISSION OF TRUEBODY PRODUCTS (2008-2013), WITH THE ADDITIONAL MISSION TO PROVIDE A REALIZABLE AND MEANINGFUL REVENUE STREAM TO SUPPORT LOCAL, MISSION-ALIGNED NONPROFITS. B) EMPLOYED TWO UVM GRADUATE STUDENTS IN 2023 FOR HANDS-ON EXPERIENCE AS SOCIAL ENTREPRENEURS AS THEY LAUNCHED AND DISTRIBUTED A PRODUCT, DEVELOPED FINANCIAL PROJECTIONS AND DESIGNED PROFIT-SHARING PROGRAM WITH LOCAL CHILD CARE FACILITIES. C) INDIRECTLY, THE FAMILIES AND EMPLOYEES OF VERMONT'S TWO CHILD CARE FACILITIES BENEFITED FROM THE TRUEFAMILY'S COMMITMENT TO CONTRIBUTING A PORTION OF PRODUCT SALES TO SUPPORT VERMONT'S EARLY CHILDHOOD EDUCATION. THE PROGRAM WAS SUNSETTLED IN AUG 2023. 0 21383 CTNEXT CAPITAL LANDSCAPE MAP - A) ENGAGED BY CTNEXT, A STATE-FUNDED NONPROFIT, TO CONDUCT A ROBUST MARKET MAPPING AND ANALYSIS OF THE BARRIERS AND GAPS IN ACCESS TO ENTREPRENEURIAL CAPITAL FOR THE STATE OF CONNECTICUT. B)APPROXIMATELY 5,400 CONNECTICUT RESIDENTS START NEW BUSINESSES EACH YEAR AND WILL BENEFIT FROM RECOMMENDED MEASURES TO DRIVE MORE EQUITABLE ACCESS TO CAPITAL. C) WE ENGAGED THREE MBA INTERNS FOR THIS PROJECT WHO WERE PAID LIVABLE HOURLY WAGES. 0 33798 MONEY MAP EDUCATION - A) ON-GOING DEVELOPMENT OF THE MONEY MAP EDUCATIONAL PROGRAMS FOR WOMEN/BIPOC/RURAL/SOCIAL ENTREPRENEURS AND OTHERS MARGINALIZED BY TRADITIONAL CAPITAL SYSTEMS B) 30+ BLACK AND LATINX ENTREPRENEURS IN THE WEPOWER ACCELERATOR RECEIVED DIRECT MONEY MAP TRAINING C) WITH THE LAUNCH OF THE MONEY MAP'S OPEN ACCESS, WEB-BASED CURRICULUM AND RESOURCES IN 2024, WE WILL POTENTIALLY REACH 1000'S OF ENTREPRENEURS AS WELL AS ENTREPRENEUR SUPPORT ORGANIZATIONS. 0 18408 LOCAL RETURN - A) PROVIDED STRATEGIC AND FINANCIAL CONSULTANCY TO THE LOCAL RETURN WORKING GROUP TO DEVELOP THE IMPLEMENTATION PLAN, FINANCIAL MODELS AND COMMUNICATION STRATEGY TO FACILITATE THE SUCCESSFUL LAUNCH AND MANAGEMENT OF THE RHODE ISLAND COMMUNITY INVESTMENT COOPERATIVE (RICIC) B) FOUR FOUNDERS/BOARD MEMBERS OF LOCAL RETURN, PLUS WHEN THE RICIC IS ALUNCHED IT WILL CREATE COMMUNITY WEALTH BUILDING OPPORTUNITIES FOR UP TO 500 RI RESIDENTS AND ACCESS TO CAPITAL FOR APPROXIMATELY 10-15 ENTREPRENEURS OVER THE FIRST 2-3 YEARS OF OPERATION. C) THIS PROJECT BEGAN IN LATE 2023 WITH THE BULK OF THE WORK OCCURRING IN 2024. 0 3859 77448 NICOLAS GUNKEL DIRECTOR 1.00 0 0 0 JANICE SHADE EXEC DIR/AUTHORIZED TAX OFFICER 40.00 81250 0 0 STEPHEN FILLER CHAIR 2.00 0 0 0 PAM SUGARMAN SECRETARY 1.00 0 0 0 ROBERT PHILLIPS VICE CHAIR 1.00 0 0 0 ALYSSA STANKIEWICZ TREASURER 2.00 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JANICE SHADE 13 KETTLE RD JERICHO VT 05465 8023730340 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 28035 58365 47950 128961 110461 373772 14700 1750 10000 3489 61481 91420 42735 60115 57950 132450 171942 465192 100 25000 32125 128961 63461 249647 7200 5000 12200 7300 25000 37125 128961 63461 261847 203345 3 3 2 5 28 41 3 3 2 5 28 41 16 6 22 42738 60118 57952 132471 171976 465255 0.43710 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY INCOME: GROSS RECEIPTS: 1,099. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 1,742. GROSS PROFIT: -643. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 1,990. MERCHANDISE PURCHASED: 0. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 73. INVENTORY AT END OF YEAR: 321. COST OF GOODS SOLD: 1,742. FORM 990-EZ, PART I, LINE 7B - OTHER COSTS DESCRIPTION: SHIPPING. AMOUNT: 73. FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE DESCRIPTION: INTEREST . AMOUNT: 28. DESCRIPTION: MISCELLANEOUS. AMOUNT: 6. TOTAL TO FORM 990-EZ, LINE 8: 34. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: MARKETING MATERIALS. AMOUNT: 368. DESCRIPTION: BUSINESS FEES. AMOUNT: 188. DESCRIPTION: CONFERENCE, CONVENTION, MEETING. AMOUNT: 91. DESCRIPTION: CREDIT CARD PROCESSING FEES. AMOUNT: 608. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 361. DESCRIPTION: PROFESSIONAL DEVELOPMENT. AMOUNT: 44. DESCRIPTION: TRAVEL. AMOUNT: 575. DESCRIPTION: WEBSITE. AMOUNT: 1,919. TOTAL TO FORM 990-EZ, LINE 16: 4,154. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 1,990. END OF YEAR AMOUNT: 321. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,325. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: PAYROLL LIABILITIES. BEG. OF YEAR AMOUNT: 1,346. END OF YEAR AMOUNT: 0. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,125. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.