Nonprofit · EIN 03-0221525
LAMOILLE ECONOMIC DEVELOPMENT CORPORATION INC
Also known as ASSOC TO BOOST LAMOILLE ENTRPRSES
Tax-exempt · MORRISVILLE, VT 05661
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $225,726 | $154,782 | $70,944 | $1,042,850 | $13,155 | $1,029,695 |
| June 30, 2024 | 990 | $249,157 | $203,711 | $45,446 | $935,686 | $107,890 | $827,796 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $146,520
- Program service revenue
- $55,911
- Investment income
- $23,295
- Net gain from sales of assets
- $2,802
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,300
- Compensation of officers, directors and key employees
- $96,635
- Salaries, compensation and benefits (total)
- $103,679
- Professional fundraising fees
- $0
- Accounting fees
- $16,371
- Occupancy
- $2,160
- Travel
- $1,016
Balance sheet and other
- Total assets, start of year
- $935,686
- Total assets, end of year
- $1,042,850
- Total liabilities, end of year
- $13,155
- Net assets, end of year
- $1,029,695
- Publicly traded securities
- $402,478
- Net assets without donor restrictions
- $1,029,695
- Gross receipts
- $310,522
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1968
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK RIPLEY | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $87,500 | $7,500 |
| JOSEPH WOODIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TINA NORTON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GREG TATRO | PRESIDENT THROUGH OCTOBER 2024 Trustee or director, Officer | 1 | $0 | $0 |
| MARK VANDENBERG | VICE PRESIDENT THROUGH OCTOBER 2024 Trustee or director, Officer | 1 | $0 | $0 |
| JEREMY ELLIOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIK REMMERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL JARET-ROSSI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DODY DAY | PRESIDENT FROM OCTOBER 2024 Trustee or director, Officer | 1 | $0 | $0 |
| CONRAD HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEOFF LINDEMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON CARTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK RIPLEY | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $85,000 | $7,500 |
| JOSEPH WOODIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TINA NORTON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GREG TATRO | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MARK VANDENBERG | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JEREMY ELLIOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIK REMMERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEOFFREY LINDEMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DODY DAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONRAD HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 455, MORRISVILLE, VT 05661-0455
- Principal officer (990 for 2024)
- PATRICK RIPLEY, PO BOX 455, MORRISVILLE, VT 05661
- Signed the 990
- PATRICK RIPLEY, EXECUTIVE DIRECTOR/SECRETARY
- Phone
- (802) 888-5640
- Website
- WWW.LAMOILLEECONOMY.ORG
- Return prepared by
- GALLAGHER FLYNN & COMPANY LLP
Mission
LEDC'S MISSION IS TO STRENGTHEN LAMOILLE COUNTY'S ECONOMY THROUGH FACILITATING THE CREATION AND EXPANSION OF JOBS AND BUSINESSES AND INVESTING IN THE PROSPERITY OF LAMOILLE COUNTY'S COMMUNITIES.
Program accomplishments
- LEDC OPERATES JOINTLY WITH THE LAMOILLE CHAMBER OF COMMERCE TO STRENGTHEN THE ECONOMY IN LAMOILLE COUNTY THROUGH FINANCING, JOB CREATION, CONSULTING, BUSINESS RECRUITMENT AND RETENTION, ECONOMIC DEVELOPMENT, MARKETING, LEGISLATIVE ADVOCACY, AND OTHER SUPPORT SERVICES AVAILABLE TO ALL BUSINESSES IN ALL COMMERCIAL SECTORS.revenue $55,911
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0221525
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,042,850
- Income (IRS master file)
- $310,522
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $225,726 | $154,782 | $1,042,850 | XML |
| 990 | June 2024 | $249,157 | $203,711 | $935,686 | XML |
| 990 | June 2023 | $105,330 | $163,765 | $848,077 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 03-0221525).
Questions about LAMOILLE ECONOMIC DEVELOPMENT CORPORATION INC
- What is the EIN of LAMOILLE ECONOMIC DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of LAMOILLE ECONOMIC DEVELOPMENT CORPORATION INC is 03-0221525.
- Is LAMOILLE ECONOMIC DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2024.
- Are donations to LAMOILLE ECONOMIC DEVELOPMENT CORPORATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAMOILLE ECONOMIC DEVELOPMENT CORPORATION 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 LAMOILLE ECONOMIC DEVELOPMENT CORPORATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAMOILLE ECONOMIC DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LAMOILLE ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended June 30, 2025 names PATRICK RIPLEY.
- Who are the officers and directors of LAMOILLE ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $87,500 (PATRICK RIPLEY, EXECUTIVE DIRECTOR).
- How much revenue does LAMOILLE ECONOMIC DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $225,726, expenses of $154,782 and total assets of $1,042,850 at year end.
Other nonprofits in MORRISVILLE
- MEALS ON WHEELS OF LAMOILLE COUNTY INC EIN 22-3240238 · last filed 990 for 2025
- MORRISTOWN ALLIANCE FOR CULTURE AND COMMERCE INC EIN 03-0369718 · last filed 990-N for 2025
- COPLEY HOSPITAL INC EIN 03-0179423 · last filed 990 for 2025
- LAMOILLE HEALTH PARTNERS INC EIN 04-3358048 · last filed 990 for 2025
- LAMOILLE COUNTY MENTAL HEALTH SERVICE EIN 03-0219658 · last filed 990 for 2025
- THE MANOR INC EIN 03-0357952 · last filed 990 for 2025
- LAMOILLE HOME HEALTH AGENCY INC EIN 03-0224616 · last filed 990 for 2025
- CONCEPT2 FOUNDATION EIN 33-2617282 · last filed 990-PF for 2025
All nonprofits in MORRISVILLE · Vermont · Community improvement and capacity building