Nonprofit · EIN 03-0171115
STOWE AREA ASSOCIATION INC
Tax-exempt · STOWE, VT 05672
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $1,046,602 | $1,036,831 | $9,771 | $1,090,155 | $818,009 | $272,146 |
| April 30, 2024 | 990 | $993,734 | $978,932 | $14,802 | $1,174,388 | $912,013 | $262,375 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $49,670
- of which government grants
- $49,670
- Program service revenue
- $939,070
- Investment income
- $0
- Net rental income
- $14,982
- Other revenue
- $57,862
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $85,053
- Other salaries and wages
- $353,011
- Salaries, compensation and benefits (total)
- $521,542
- Professional fundraising fees
- $0
- Accounting fees
- $10,078
- Occupancy
- $38,864
- Travel
- $1,909
- Depreciation
- $17,198
- Program services (functional)
- $837,854
- Management and general (functional)
- $198,977
Balance sheet and other
- Total assets, start of year
- $1,174,388
- Total assets, end of year
- $1,090,155
- Total liabilities, end of year
- $818,009
- Net assets, end of year
- $272,146
- Land, buildings and equipment
- $285,561
- Net assets without donor restrictions
- $272,146
- Gross receipts
- $1,046,602
- Employees
- 12
- Volunteers
- 15
- Year formed
- 1959
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Carrie Simmons | Executive Director Officer | 40 | $105,477 | $6,327 |
| Josh Wolfgang | President Trustee or director, Officer | 1 | $0 | $0 |
| Olivia Terrazzano | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Laura Vilala | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Walter Frame | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Mark Frier left during FY25 | Trustee Trustee or director | 1 | $0 | $0 |
| David Lockard | Trustee Trustee or director | 1 | $0 | $0 |
| Rachel Vandenberg | Trustee Trustee or director | 1 | $0 | $0 |
| Luke Sussdorff | Trustee Trustee or director | 1 | $0 | $0 |
| Bruce Nourjian left during FY25 | Trustee Trustee or director | 1 | $0 | $0 |
| McKee Macdonald | Trustee Trustee or director | 1 | $0 | $0 |
| Chris Belanger | Trustee Trustee or director | 1 | $0 | $0 |
| Denise Earley | Trustee Trustee or director | 1 | $0 | $0 |
| Linda Hunter left during FY25 | Trustee Trustee or director | 1 | $0 | $0 |
| Jon Smith | Trustee Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alison Karosas | Trustee Trustee or director | 1 | $0 |
| Kate Carpenter | Trustee Trustee or director | 1 | $0 |
| Jed Harris | Trustee Trustee or director | 1 | $0 |
| Michael Marrano | Trustee Trustee or director | 1 | $0 |
990 for the year ended April 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Carrie Simmons | Executive Director Officer | 40 | $89,456 | $9,261 |
| Josh Wolfgang | President Trustee or director, Officer | 1 | $0 | $0 |
| Olivia Terrazzano | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Alison Karosas | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Walter Frame | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Mark Frier | Trustee Trustee or director | 1 | $0 | $0 |
| David Lockard | Trustee Trustee or director | 1 | $0 | $0 |
| Rachel Vandenberg | Trustee Trustee or director | 1 | $0 | $0 |
| Luke Sussdorff | Trustee Trustee or director | 1 | $0 | $0 |
| Bruce Nourjian | Trustee Trustee or director | 1 | $0 | $0 |
| McKee Macdonald | Trustee Trustee or director | 1 | $0 | $0 |
| Chris Belanger | Trustee Trustee or director | 1 | $0 | $0 |
| Denise Earley | Trustee Trustee or director | 1 | $0 | $0 |
| Linda Hunter | Trustee Trustee or director | 1 | $0 | $0 |
| Jon Smith | Trustee Trustee or director | 1 | $0 | $0 |
| Laura Vilalta | Trustee Trustee or director | 1 | $0 | $0 |
| Dan Snyder left in FY 24 | Trustee Trustee or director | 1 | $0 | $0 |
| Sheri Baraw left in FY 24 | Trustee Trustee or director | 1 | $0 | $0 |
| Heather Lucas left in FY 24 | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 51 MAIN ST, STOWE, VT 05672-5185
- Principal officer (990 for 2024)
- Gregory Farnham, PO Box 1320, Stowe, VT 05672
- Signed the 990
- Gregory Farnham, Executive Director
- Phone
- (802) 635-0481
- Website
- https://gostowe.com
- Return prepared by
- Wisehart Wimette Associates PLC
Mission
Promoting recreational and business activities in the Stowe area for the benefit of its members.
Program accomplishments
- Promoting recreational and business activities in the Stowe area for the benefit of its members.Expenses $837,854 · revenue $939,070
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 03-0171115
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 2022
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,090,155
- Income (IRS master file)
- $1,046,602
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $1,046,602 | $1,036,831 | $1,090,155 | XML |
| 990 | April 2024 | $993,734 | $978,932 | $1,174,388 | XML |
| 990 | April 2023 | $498,788 | $516,359 | $885,799 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0171115).
Questions about STOWE AREA ASSOCIATION INC
- What is the EIN of STOWE AREA ASSOCIATION INC?
- The employer identification number (EIN) of STOWE AREA ASSOCIATION INC is 03-0171115.
- Is STOWE AREA ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2022.
- Which annual return does STOWE AREA ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STOWE AREA ASSOCIATION INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STOWE AREA ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of STOWE AREA ASSOCIATION INC?
- The 990 for the year ended April 30, 2025 names Gregory Farnham.
- Who are the officers and directors of STOWE AREA ASSOCIATION INC?
- The 990 for the year ended April 30, 2025 lists 19 people; 1 received compensation from the organization, the highest $105,477 (Carrie Simmons, Executive Director).
- How much revenue does STOWE AREA ASSOCIATION INC have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $1,046,602, expenses of $1,036,831 and total assets of $1,090,155 at year end.
Other nonprofits in STOWE
- WILKENS FAMILY FOUNDATION EIN 47-5634424 · last filed 990-PF for 2025
- THREE THIRTY THREE FOUNDATION INC EIN 20-3794102 · last filed 990-PF for 2025
- MT MANSFIELD SKI CLUB & ACADEMY INC EIN 03-0354068 · last filed 990 for 2025
- SPRUCE PEAK RESORT ASSOCIATION INC EIN 20-3185903 · last filed 990 for 2024
- SPRUCE PEAK ARTS CENTER FOUNDATION INC EIN 90-0146728 · last filed 990 for 2025
- STOWE LAND TRUST EIN 03-0307155 · last filed 990 for 2025
- COPLEY WOODLANDS INC EIN 03-0352086 · last filed 990 for 2025
- LAKE MANSFIELD TROUT CLUB EIN 03-0135990 · last filed 990 for 2025