Nonprofit · EIN 03-0260892
CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · MONTPELIER, VT 05601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $351,285 | $539,713 | -$188,428 | $444,377 | $378,098 | $66,279 |
| June 30, 2024 | 990 | $1,763,428 | $1,734,387 | $29,041 | $666,162 | $408,555 | $257,607 |
| June 30, 2023 | 990 | $420,153 | $451,255 | -$31,102 | $686,091 | $457,525 | $228,566 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $318,982
- of which government grants
- $301,372
- Membership dues
- $17,610
- Program service revenue
- $6,420
- Investment income
- $17,389
- Other revenue
- $8,494
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $95,354
- Other salaries and wages
- $178,217
- Salaries, compensation and benefits (total)
- $300,337
- Professional fundraising fees
- $0
- Legal fees
- $8,662
- Accounting fees
- $8,509
- Occupancy
- $12,107
- Travel
- $13,314
- Program services (functional)
- $485,742
- Management and general (functional)
- $53,971
Balance sheet and other
- Total assets, start of year
- $666,162
- Total assets, end of year
- $444,377
- Total liabilities, end of year
- $378,098
- Net assets, end of year
- $66,279
- Land, buildings and equipment
- $3,960
- Net assets without donor restrictions
- $29,841
- Net assets with donor restrictions
- $36,438
- Gross receipts
- $351,285
- Employees
- 7
- Volunteers
- 20
- Year formed
- 1976
- 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 |
|---|---|---|---|
| MELISSA BOUNTY | FORMER EX. D Officer | 40 | $90,507 |
| EDWARD LARSON | CHAIR Trustee or director, Officer | 1 | $0 |
| JODY EMERSON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| REUBEN STONE | TREASURER Trustee or director, Officer | 1 | $0 |
| JIM TRINGE | CHAIR (OUTGO Trustee or director, Officer | 1 | $0 |
| AL FLORY | DIRECTOR Trustee or director | 1 | $0 |
| MAUREEN HEBERT | DIRECTOR Trustee or director | 1 | $0 |
| ROB BOULANGER | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN FOSTER | DIRECTOR Trustee or director | 1 | $0 |
| PETER HOOD | DIRECTOR Trustee or director | 1 | $0 |
| PETER RICKER | DIRECTOR Trustee or director | 1 | $0 |
| LORRAINE KEENER | DIRECTOR Trustee or director | 1 | $0 |
| JIM KURRLE | DIRECTOR Trustee or director | 1 | $0 |
| GUNNER MCCAIN | DIRECTOR Trustee or director | 1 | $0 |
| MARK NICHOLSON | DIRECTOR Trustee or director | 1 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOB POPE | DIRECTOR Trustee or director | 1 | $0 |
| DAVE RUBEL | DIRECTOR Trustee or director | 1 | $0 |
| ANNEMARIE TODD | DIRECTOR Trustee or director | 1 | $0 |
| MONICA URQUHART | DIRECTOR Trustee or director | 1 | $0 |
| JEANNETTE KINGSBURY | EX-OFFICIO Trustee or director | 1 | $0 |
| CHRISTIAN MEYER | EX-OFFICIO Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELISSA BOUNTY | EXECUTIVE DI Officer | 40 | $83,429 |
| JAMES STEWART | PRIOR EXEC D Officer | 0 | $23,706 |
| JIM TRINGE | CHAIR Trustee or director, Officer | 1 | $0 |
| MAUREEN HEBERT | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| REUBEN STONE | TREASURER Trustee or director, Officer | 1 | $0 |
| DANIELLE PELCZARSKI | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROB BOULANGER | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN DELLINGER-PATE | DIRECTOR Trustee or director | 1 | $0 |
| JODY EMERSON | DIRECTOR Trustee or director | 1 | $0 |
| AL FLORY | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN FOSTER | DIRECTOR Trustee or director | 1 | $0 |
| PETER HOOD | DIRECTOR Trustee or director, Officer | 1 | $0 |
| LORRAINE KEENER | DIRECTOR Trustee or director | 1 | $0 |
| JIM KURRLE | DIRECTOR Trustee or director | 1 | $0 |
| EDWARD LARSON | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN LORD | DIRECTOR Trustee or director | 1 | $0 |
| GUNNER MCCAIN | DIRECTOR Trustee or director | 1 | $0 |
| MARK NICHOLSON | DIRECTOR Trustee or director | 1 | $0 |
| BOB POPE | DIRECTOR Trustee or director | 1 | $0 |
| PETER RICKER | DIRECTOR Trustee or director | 1 | $0 |
| DAVE RUBEL | DIRECTOR Trustee or director | 1 | $0 |
| ANNEMARIE TODD | DIRECTOR Trustee or director | 1 | $0 |
| MONICA URQUHART | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTIAN MEYER | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN ESCHELBACH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES STEWART | PRIOR EXEC D Officer | 40 | $92,959 |
| MELISSA BOUNTY | EXECUTIVE DI Officer | 40 | $57,115 |
| MARINO BARTOLOMEI | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN DELLINGER-PATE | DIRECTOR Trustee or director | 1 | $0 |
| AL FLORY | DIRECTOR Trustee or director | 1 | $0 |
| MAUREEN HEBERT | DIRECTOR Trustee or director | 1 | $0 |
| PETER HOOD | TREASURER Trustee or director, Officer | 1 | $0 |
| KEITH JONES | DIRECTOR Trustee or director | 1 | $0 |
| EDWARD LARSON | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN LORD | DIRECTOR Trustee or director | 1 | $0 |
| JOHN LYON | DIRECTOR Trustee or director | 1 | $0 |
| GUNNER MCCAIN | DIRECTOR Trustee or director | 1 | $0 |
| MARK NICHOLSON | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT PATTERSON | CHAIR Trustee or director, Officer | 1 | $0 |
| DANIELLE PELCZARSKI | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT POPE | DIRECTOR Trustee or director | 1 | $0 |
| PETER RICKER | DIRECTOR Trustee or director | 1 | $0 |
| DAVE RUBEL | DIRECTOR Trustee or director | 1 | $0 |
| REUBEN STONE | DIRECTOR Trustee or director | 1 | $0 |
| ANNEMARIE TODD | DIRECTOR Trustee or director | 1 | $0 |
| JIM TRINGE | DIRECTOR Trustee or director | 1 | $0 |
| BONNIE WANINGER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1439, MONTPELIER, VT 05601-1439
- Principal officer (990 for 2024)
- REUBEN STONE, ONE NATIONAL LIFE DRIVE, MONTPELIER, VT 05601
- Signed the 990
- REUBEN STONE, TREASURER
- Phone
- (802) 223-4654
- Website
- CVEDC.ORG
- Return prepared by
- MUDGETT JENNETT & KROGH-WISNER
Mission
INDUSTRIAL AND COMMERCIAL DEVELOPMENT.
Program accomplishments
- 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.Expenses $485,742 · revenue $6,420
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
- 03-0260892
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $444,377
- Income (IRS master file)
- $351,285
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $351,285 | $539,713 | $444,377 | IRS |
| 990 | June 2024 | $1,763,428 | $1,734,387 | $666,162 | IRS |
| 990 | June 2023 | $420,153 | $451,255 | $686,091 | XML |
| 990 | June 2022 | $295,591 | $289,800 | $706,920 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 03-0260892).
Questions about CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION is 03-0260892.
- Is CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1976.
- Are donations to CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION 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 CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION 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 CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION 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 CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names REUBEN STONE.
- Who are the officers and directors of CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 21 people; 1 received compensation from the organization, the highest $90,507 (MELISSA BOUNTY, FORMER EX. D).
- How much revenue does CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $351,285, expenses of $539,713 and total assets of $444,377 at year end.
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