2025-02-19T12:09:53-00:00 2024-06-30 264046110 Wisehart Wimette Associates PLC 159 River Road Essex Junction VT 05452 990 2023-07-01 030331665 Addison County Economic Development Corporation ADDI 1590 Route 7 South 8 Middlebury VT 05753 Frederick Kenney II Executive Director 2025-02-19 true Kirk P Wisehart P00533236 8028791055 2025-02-19 2023 2025-03-06 01:10:19Z Frederick Kenney II 1590 Route 7 South 8 Middlebury VT 05753 315360 false X www.addisoncountyedc.org X 1991 VT To create an entrepreneurial and innovative environment, nurturing business to launch, grow, and thrive. 13 13 5 16 0 197287 262863 36593 48223 807 3671 290 603 234977 315360 0 210764 0 219458 0 27903 115598 122875 326362 342333 -91385 -26973 1152971 1187721 805663 867386 347308 320335 To create an entrepreneurial and innovative environment, nurturing business to launch, grow, and thrive. false false 160805 3890 Community Services ACEDC provides direct services to businesses including advice, assistance, referrals, site selection and project management, and business expansion services, services to the general business community such as business workshops and training, networking, and advocating on behalf of businesses regionally, and on the state and Federal levels. ACEDC also provides services to municipalities, non-profits, and community groups to advance economic and community development in the region, including grant writing, fiscal agency, and grant administration. 76228 44333 Lending Services Lending services include project finance planning and direct lending to businesses through an ACEDC revolving loan fund and a USDA financed intermediary relending program. 237033 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 false false false false false false false false false false false false false false false false false true 9 0 true 5 true false false false false true true false false false X 13 13 false false false false false false false true true false false false true true true true true true false false X Frederick Kenney II 8023887953 1590 Route 7 South 8 Middlebury VT 05753 Frederick Kenney II Executive Director 040.00 X 99896 0 14672 Jason Larocque President 002.00 X X 0 0 0 Gina Larrow VP Treasurer 002.00 X X 0 0 0 David Castle Secretary 002.00 X X 0 0 0 Christopher Lapierre Board Member 002.00 X 0 0 0 Joseph Andriano Board Member 002.00 X 0 0 0 Ryan Bartlett Board Member 002.00 X 0 0 0 Mark Foster Board Member 002.00 X 0 0 0 Nicole MacTavish Board Member 002.00 X 0 0 0 Richard McKerr Board Member 002.00 X 0 0 0 Robert Ortmyer Board Member 002.00 X 0 0 0 Renny Perry Board Member 002.00 X 0 0 0 Susan P Ritter Board Member 002.00 X 0 0 0 Darcy Tarte Board Member 002.00 X 0 0 0 Valerie Capels left in 2024 Board Member 002.00 X 0 0 0 Jason Robart left in 2024 Board Member 002.00 X 0 0 0 Thomas Thompson left in 2024 Board Member 002.00 X 0 0 0 Bill Townsend left in 2024 Board Member 002.00 X 0 0 0 99896 14672 1 false false false 42008 220855 262863 Interest from loans 522200 41227 41227 Loan fees 522200 3106 3106 Fees for services 522200 3890 3890 48223 3671 3671 Miscellaneous 900099 603 603 603 315360 48826 3671 0 0 0 0 89664 62765 22416 4483 0 98279 59377 36239 2663 4703 3292 1176 235 12312 8473 3135 704 14500 5800 5800 2900 0 2301 2301 25819 19364 2582 3873 0 0 22163 13298 8865 3161 1896 1265 14264 12370 1378 516 0 0 19933 14950 2990 1993 2178 2178 0 8804 8804 6859 6859 0 53 53 4374 3360 608 406 Project expenses 15010 15010 Loan loss expense -3203 -3203 Miscellaneous 1159 139 1020 0 342333 237033 77397 27903 47539 32317 495467 498377 9863 6372 581189 643053 3370 3710 7215 7215 53 15490 3892 1152971 1187721 16298 16200 4005 21463 769870 825831 15490 3892 805663 867386 X 282779 276331 64529 44004 347308 320335 1152971 1187721 -26973 X false true X true true true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 7215 7215 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Lease liability 3892 3892 X 315360 315360 315360 342333 342333 342333 X 2 The Organization is a non-profit organization exempt from income taxes under Section 501C6 of the Internal Revenue Code. It has been classified as an organization that is not a private foundation. In addition, none of its present or anticipated future activities are subject to taxation as unrelated business income therefore, no provision for income taxes has been made in the accompanying financial statements. The Organization believes it has taken no uncertain tax positions that could have an effect on its financial statements. Form 990, Part VI, Section B, Line 11b Organizations process to review Form 990 - The draft audit and Form 990 are reviewed by the Executive Committee prior to signing Form 990, Part VI, Section B, Line 12c Enforecement of Conflicts Policy - Board members disclose any conflicts or potential conflicts priro to board meetings. If a conflict exists, Board memebers do not receive information on the conflicting entity, nor do they participate in debate and they abstain from voting. Form 990, Part VI, Section B, Line 15a Compensation Process for Top Official - The Executive Committee / Hiring Committee determones compensation upon hiring. Pay changes and benefit changes are approe as part of the annual budget approval in July, subject to positive performance evaluations bythe Executive Committee in October. Form 990, Part VI, Section C, Line 19 Governing Document Disclosure - Governing documents are provided upon request