2024-05-15T12:51:57-04:00 2023-06-30 030340114 MUDGETT JENNETT & KROGH-WISNER 141 MAIN ST STE 2 MONTPELIER VT 05602 990 2022-07-01 030260892 CENTRAL VERMONT ECONOMIC DEVELOPMENT CORP CENT 8022234654 1 NATIONAL LIFE DRIVE PO BOX 1439 MONTPELIER VT 056011439 MELISSA BOUNTY EXECUTIVE DIRECTOR 8022234654 2024-05-15 MELISSA BOUNTY 999009999 true ERIN J PACKIE CPA P01442458 8022299193 2024-05-15 2022 2023-04-26 12:10:37Z MELISSA BOUNTY ONE NATIONAL LIFE DRIVE MONTPELIER VT 05601 420153 false X CVEDC.ORG X 1976 VT INDUSTRIAL AND COMMERCIAL DEVELOPMENT. 20 20 3 22 0 270723 388126 5512 13100 15654 18116 3702 811 295591 420153 30000 15000 0 153718 195383 0 0 106082 240872 289800 451255 5791 -31102 706920 686091 457294 457525 249626 228566 INDUSTRIAL AND COMMERCIAL DEVELOPMENT. false false 407628 15000 13100 ECONOMIC DEVELOPMENT PROGRAM - THIS PROGRAM FOCUSES ON PROMOTING SOUND ECONOMIC DEVELOPMENT, COORDINATES PUBLIC AND PRIVATE EFFORTS DIRECTED TOWARD THE ATTRACTION, ENCOURAGEMENT, FINANCING, AND DEVELOPMENT OF DESIRABLE PRIVATE INDUSTRY TO FOSTER, ENCOURAGE, AND ASSIST THE PHYSICAL LOCATION AND EXPANSION OF BUSINESS ENTERPRISES IN WASHINGTON COUNTY AND THREE TOWNS IN ORANGE COUNTY (WASHINGTON, WILLIAMSTOWN AND ORANGE). THE PROGRAM ALSO COOPERATES WITH EXISTING LOCAL DEVELOPMENT GROUPS TO ATTAIN MUTUAL OBJECTIVES, INCLUDING BY WAY OF ILLUSTRATION THE SHARING OF EXPENSES, ASSUMING RESPONSIBILITY FOR COMPLETION OF EXISTING PROJECTS, AND PROMOTING LOCAL PROJECTS IN THE REGION SERVED. LASTLY, THE PROGRAM ENTERS INTO FINANCING ARRANGEMENTS FOR THE FURTHERANCE OF ECONOMIC DEVELOPMENT. 407628 false true false false false false false false false true false false false true true true false false false false false false false false false false true false false false false false false false false false false false false false false false false true 0 0 true 3 true false false false false false false false false X 20 20 false false false false true true false true true false false false true true false true true true false false X MELISSA BOUNTY 8022234654 ONE NATIONAL LIFE DRIVE MONTPELIER VT 056011439 MARINO BARTOLOMEI DIRECTOR 1.00 X 0 0 0 STEVEN DELLINGER-PATE DIRECTOR 1.00 X 0 0 0 AL FLORY DIRECTOR 1.00 X 0 0 0 MAUREEN HEBERT DIRECTOR 1.00 X 0 0 0 PETER HOOD TREASURER 1.00 X X 0 0 0 KEITH JONES DIRECTOR 1.00 X 0 0 0 EDWARD LARSON DIRECTOR 1.00 X 0 0 0 KEVIN LORD DIRECTOR 1.00 X 0 0 0 JOHN LYON DIRECTOR 1.00 X 0 0 0 GUNNER MCCAIN DIRECTOR 1.00 X 0 0 0 MARK NICHOLSON DIRECTOR 1.00 X 0 0 0 ROBERT PATTERSON CHAIR 1.00 X X 0 0 0 DANIELLE PELCZARSKI DIRECTOR 1.00 X 0 0 0 ROBERT POPE DIRECTOR 1.00 X 0 0 0 PETER RICKER DIRECTOR 1.00 X 0 0 0 DAVE RUBEL DIRECTOR 1.00 X 0 0 0 REUBEN STONE DIRECTOR 1.00 X 0 0 0 ANNEMARIE TODD DIRECTOR 1.00 X 0 0 0 JIM TRINGE DIRECTOR 1.00 X 0 0 0 BONNIE WANINGER DIRECTOR 1.00 X 0 0 0 JAMES STEWART PRIOR EXEC D 40.00 X 92959 0 0 MELISSA BOUNTY EXECUTIVE DI 40.00 X 57115 0 0 150074 false false false 27975 334622 25529 388126 EVENTS 561499 13100 13100 13100 18116 18116 MISCELLANEOUS 900099 811 811 811 420153 13911 18116 X 15000 15000 142572 128315 14257 37401 33661 3740 420 378 42 14990 13491 1499 6966 6269 697 7859 7073 786 157747 141972 15775 3624 3262 362 11800 10619 1181 3778 3400 378 2671 2404 267 21248 19123 2125 9407 8466 941 1161 1045 116 4559 4103 456 OPERATING LEASE 5177 4659 518 DUES/PUBLICATION/SUBSCRIP 3621 3259 362 MISCELLANEOUS 1254 1129 125 451255 407628 43627 0 193405 199204 212743 145535 20140 30794 278564 283418 1475 359 1116 2068 1776 24248 706920 686091 13959 15039 443335 412865 29621 457294 457525 X 230799 218388 18827 10178 249626 228566 706920 686091 X -31102 10042 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1475 359 1116 1116 LEASE LIABILITY - OPERATING 15530 LEASE LIABILITY - FINANCING 7205 REFUNDABLE ADVANCES 6886 29621 X 420153 420153 420153 451255 451255 451255 SCHEDULE D, PAGE 3, PART X CVEDC IS INCORPORATED AND EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (THE CODE), THOUGH IT WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES (UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE). THE ORGANIZATION HAD NO LIABILITY FOR UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2023. THE TAX YEARS ENDED JUNE 30, 2022, 2021, AND 2020 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. true POSITIVE PIE INC 22 STATE STREET MONTPELIER VT 05602 043613053 S CORP 15000 GRANT PASSTHROUGH 1 SCHEDULE I, PAGE 1, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS - CVEDC HAS A SIGNED AGREEMENT WITH EACH SUBGRANT RECIPIENT. TECHNICAL REPORTS, FINANCIAL REPORTS AND SITE VISITS ARE UTILIZED IN MONITORING THE USE OF THE GRANT FUNDS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS CORPORATE MEMBERS THAT JOIN CVEDC ANNUALLY BY PAYING A MEMBERSHIP CONTRIBUTION THAT IS BASED ON EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 7A PER THE BYLAWS, THE NOMINATING COMMITTEE (MADE UP OF MEMBERS/DIRECTORS) ELECT A SLATE OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 11B STAFF REVIEWED AND EDITED DRAFTS. A COPY WILL BE EMAILED TO THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION AND BENEFITS FOR STAFF ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND FINANCE COMMITTEE AT THE TIME OF PREPARING THE ANNUAL BUDGET IN EARLY SPRING, AND APPROVED BY THE FULL BOARD. FORM 990, PAGE 6, PART VI, LINE 19 MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G TECHNICAL ASSISTANCE 140,496 15,611 0 OTHER FEES 1,476 164 0 TOTAL 141,972 15,775 0 FORM 990, PART XI, LINE 9 THE ORGANIZATION HAS RESTATED ITS NET ASSETS WITHOUT DONOR RESTRICTIONS AT JUNE 30, 2022 FROM 230,799 TO 240,841. THIS INCREASE OF 10,042 IS DUE TO THE INCORRECT REVERSAL OF A 4,000 VT SMALL BUSINESS DEVELOPMENT GRANT ACCRUAL AT JUNE 30, 2022, 2,855 UNDERSTATEMENT OF USDA RMAP REVENUE DUE TO INCORRECT QUARTERLY SCHEDULES PREPARED DURING THE YEAR ENDED JUNE 30, 2022, 2,851 RELATING TO A USDA RMAP LOAN PAYMENT MADE ON JULY 7, 2022 THAT WAS INCORRECTLY SHOWN AS A PAYMENT MADE ON JUNE 30, 2022 AND A 336 JUNE 30, 2022 ACCOUNTS RECEIVABLE CREDIT RELATING TO AN RMAP LOAN RECEIVABLE BALANCE THAT WAS IN ERROR.