2025-07-16T14:56:10-05:00 2024-09-30 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2023-10-01 030366744 LAKE CHAMPLAIN OPPORTUNITY FUND INC LAKE 8028633489 60 MAIN STREET 100 BURLINGTON VT 05401 CATHERINE DAVIS PRESIDENT 8028633489 2025-07-14 1 0 CONNIE FELLION P01875413 8026581808 2025-07-14 2023 2025-03-06 01:10:19Z CATHERINE DAVIS 60 MAIN STREET 100 BURLINGTON VT 05401 1841866 0 X WWW.LAUNCHVT.COM X 1999 VT DEVELOP AND IMPLEMENT WORKFORCE DEVELOPMENT STRATEGIES THAT SUPPORT BUSINESS AND INDUSTRY IN VT. 7 6 0 6 0 0 232934 235147 61650 53270 -8006 130561 0 0 286578 418978 20000 45204 0 0 91797 107753 0 0 0 22164 20419 133961 173376 152617 245602 1151949 1402471 77 345 1151872 1402126 THE PURPOSE OF THIS NON-PROFIT ORGANIZATION IS TO DEVELOP AND IMPLEMENT WORKFORCE DEVELOPMENT STRATEGIES THAT SUPPORT BUSINESS AND INDUSTRY PRIMARILY IN OUR REGION OF VERMONT (CHITTENDEN COUNTY) AND STATEWIDE. THESE STRATEGIES INCLUDE THE LAUNCHVT INITIATIVE. 0 0 164932 45204 520 LAUNCHVT WORKS WITH ITS COMMUNITY PARTNERS TO PROVIDE BUSINESS ACCELERATION PROGRAMS AND RESOURCES THAT EMPOWER VERMONTERS TO SOLVE PROBLEMS AND CREATE ECONOMIC OPPORTUNITY IN THEIR COMMUNITIES. LAUNCHVT ACCELERATES THE DEVELOPMENT OF THE 8 BEST EMERGING STARTUPS IN VERMONT BY CONNECTING THEM WITH EACH OTHER, ADVISORS, SEARCH PROVIDERS, INVESTORS, AND DIRECT BUSINESS DEVELOPMENT SUPPORT. 164932 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 VT X PATRICK O'NEIL 8028633489 60 MAIN STREET 100 BURLINGTON VT 05401 CATHY DAVIS PRESIDENT 1.00 40.00 X X 0 118923 26127 HEATHER ROSS DIRECTOR 1.00 1.00 X 0 0 0 ASHLEY WAINER DIRECTOR 1.00 1.00 X 0 0 0 DAVE LANE DIRECTOR 1.00 1.00 X 0 0 0 DON BAKER DIRECTOR 1.00 1.00 X 0 0 0 MIKE KELLER DIRECTOR 1.00 1.00 X 0 0 0 STEPHANIE MILLER TAYLOR DIRECTOR 1.00 1.00 X 0 0 0 PATRICK O'NEIL VP OF FINANCE 1.00 40.00 X 0 111234 6694 0 230157 32821 0 0 0 0 0 200000 35147 235147 LAUNCHVT 611710 53270 520 52750 53270 34861 34861 1518588 1422888 95700 95700 95700 418978 520 0 183311 45204 45204 91726 91726 3669 3669 6848 6848 5510 5510 4818 1159 3659 4710 4710 846 771 75 2839 2839 LAUNCHVT 7206 7206 173376 164932 8444 0 187932 339049 79021 8097 852896 1055325 32100 0 1151949 1402471 77 345 77 345 X 149224 316474 1002648 1085652 1151872 1402126 1151949 1402471 245602 4652 0 X 0 1 X 1 0 X 90564 921300 176454 232934 235147 1656399 90564 921300 176454 232934 235147 1656399 850425 805974 5081 14926 34861 54868 1711267 281683 0.47100 0.48250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 852896 71927 135212 4710 1055325 858774 -2072 3806 852896 1.00000 0.00000 0.00000 0 0 0 X PART V, LINE 4: THE INTENTION OF THE BOBBY MILLER OPPORTUNITY FUND (THE "FUND') IS TO PROVIDE LONG-TERM ONGOING OPERATING SUPPORT FOR THE LAKE CHAMPLAIN OPPORTUNITY FUND'S COMMUNITY IMPACT PROGRAMS. PART X, LINE 2: THE ORGANIZATION IS A NON-PROFIT CORPORATION, EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES, REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITIONS. FOR TAX EXEMPT ENTITIES, TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT BELIEVES THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. IF NECESSARY, THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED SEPTEMBER 30, 2021. ALTHOUGH THE OUTCOME OF TAX AUDITS IS ALWAYS UNCERTAIN, THE MANAGEMENT OF THE ORGANIZATION BELIEVES THAT THERE ARE NO SIGNIFICANT UNRECOGNIZED TAX LIABILITIES AT SEPTEMBER 30, 2024 AND 2023. 0 GENERATOR INC PO BOX 64853 BURLINGTON VT 05406 463848431 501(C)(3) 25000 0 SBA - GAFC SUB-AWARDEE BIOBE INC 1207 DELAWARE AVE 2806 WILMINGTON DE 19806 995084039 N/A 15000 0 LAUNCHVT DEMO NIGHT AWARD WINNER BRIGHTWATER TOOLS 355 OLD FERRY RD BRATTLEBORO VT 05301 843650791 N/A 5000 0 LAUNCHVT DEMO NIGHT AWARD WINNER 1 2 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO THE 990 BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C WE HAVE A CONFLICT OF INTEREST POLICY IN OUR EMPLOYEE MANUAL - THE ENTIRE MANUAL IS REVIEWED, ACKNOWLEDGED AND SIGNED OFF BY THE EMPLOYEE UPON HIRING. THE EMPLOYEE MANUAL IS UPDATED BY OUTSIDE COUNCIL AND REVIEWED BY STAFF - LAST TIME FORMALLY - 2023 AND IS AVAILABLE IN OUR DATABASE FOR EMPLOYEES TO REVIEW/PRINT/ETC., AT ANY TIME. WE ENCOURAGE AND FOSTER OPEN COMMUNICATIONS BETWEEN STAFF & MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE BOARD SOLICITS FEEDBACK ON THE PRESIDENT'S PERFORMANCE FROM THE BOARD MEMBERS AND OTHERS THAT ARE DEEMED APPROPRIATE. THE CHAIR ALSO CONFERS WITH MEMBERS OF THE EXECUTIVE COMMITTEE IN MAKING SALARY ADJUSTMENTS. THE CHAIR REVIEWS SALARY AND BENEFIT COMPARABLES FOR BOTH IN-STATE AND OUT OF STATE NON-PROFIT BUSINESSES. EACH YEAR EVERY EMPLOYEE COMPILES A LIST OF THEIR ACCOMPLISHMENTS COMPARED TO THE GOALS SET BY THEIR SUPERVISOR. THE SUPERVISOR THEN REVIEWS THIS LIST WITH THE EMPLOYEE. COMPENSATION USUALLY INCREASES ACROSS THE BOARD ANYWHERE BETWEEN 3-5% PER YEAR. ON AN OCCASION, IF THE WAGES SEEM WAY OUT OF LINE, THEY WILL BE ADJUSTED TO MORE BE IN LINE WITH THAT POSITION, RESPONSIBILITIES AND COMPARABLES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. LAKE CHAMPLAIN CHAMBER OF COMMERCE 60 MAIN STREET SUITE 100 BURLINGTON VT 05401 030108780 MEMBERSHIP VT 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE O 107753 PAYROLL, TAXES, AND BENEFITS LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE P 1050 AMOUNT PAID