Nonprofit · EIN 03-0330084
REVITALIZING WATERBURY INC
Tax-exempt · WATERBURY, VT 05676
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $288,651 | $375,936 | -$87,285 | $1,448,305 | $385,460 | $1,062,845 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $324,114
- of which government grants
- $100,319
- Program service revenue
- $0
- Investment income
- $1,317
- Net rental income
- -$36,780
- Other revenue
- -$36,780
Expenses
- Grants and similar amounts paid
- $12,204
- Compensation of officers, directors and key employees
- $53,081
- Other salaries and wages
- $127,460
- Salaries, compensation and benefits (total)
- $194,155
- Professional fundraising fees
- $0
- Accounting fees
- $1,950
- Travel
- $430
- Depreciation
- $3,790
- Program services (functional)
- $158,390
- Management and general (functional)
- $214,435
- Fundraising (functional)
- $3,111
Balance sheet and other
- Total assets, start of year
- $1,224,180
- Total assets, end of year
- $1,448,305
- Total liabilities, end of year
- $385,460
- Net assets, end of year
- $1,062,845
- Land, buildings and equipment
- $1,029,805
- Gross unrelated business income
- -$36,780
- Gross receipts
- $352,731
- Employees
- 9
- Volunteers
- 60
- Year formed
- 1991
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OWEN SETTE-DUCATI | ECONOMIC DEVELOPMENT DIRECTOR Key employee | 30 | $47,850 |
| KAREN NEVIN | FORMER EXECUTIVE DIRECTOR Former | 0 | $45,184 |
| DAVE LUCE | TREASURER Officer | 3 | $0 |
| CAROLYN FOX | DIRECTOR Trustee or director | 2 | $0 |
| JULIE FRAILEY | DIRECTOR Trustee or director | 2 | $0 |
| MATT LARSON | VICE PRESIDENT Officer | 2 | $0 |
| OTHO THOMPSON | SECRETARY Officer | 2 | $0 |
| APRIL HAYES | DIRECTOR Trustee or director | 2 | $0 |
| COLIN POMER | DIRECTOR Trustee or director | 2 | $0 |
| LINDSAY SULLIVAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| ROGER CLAPP | EXECUTIVE DIRECTOR Officer | 30 | $0 |
| CHRISTA BOWDISH | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 473, WATERBURY, VT 05676-0473
- Principal officer (990 for 2024)
- ROGER CLAPP, 46 S MAIN ST 2ND FL, WATERBURY, VT 05676
- Signed the 990
- ROGER CLAPP, EXECUTIVE DIRECTOR
- Phone
- (802) 244-5108
- Return prepared by
- Salvador and Babic PC
Mission
DOWNTOWN WATERBURY DEVELOPMENT
Program accomplishments
- RESTORATION OF THE HISTORIC WATERBURY RAILROAD STATION. EXPENSES INCLUDE INSURANCE, TAXES, MAINTENANCE & INTEREST ON MORTGAGES.Expenses $64,080 · revenue $27,300
- PRESERVE AND ENHANCE THE ECONOMIC, HISTORIC, AND SOCIAL VITALITY OF DOWNTOWN WATERBURY AS A DESIGNATED DOWNTOWN THROUGH SPECIAL EVENTS AND PROGRAMS.Expenses $82,610
- DONATIONS TO VARIOUS LOCAL ORGANIZATIONS IN WATERBURY, VERMONT. 2024 SUPPORT INCLUDED THE WATERBURY AREA FOOD SHELF, THE WATERBURY ROTARY, WATERBURY AMBULANCE SERVICE, AND OTHERS.Expenses $11,700 · grants $11,700
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0330084
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N41Z)
- Assets (IRS master file)
- $1,448,305
- Income (IRS master file)
- $352,731
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $338,333 | $318,161 | $1,224,180 | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $470,167 | $314,704 | $1,232,115 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about REVITALIZING WATERBURY INC
- What is the EIN of REVITALIZING WATERBURY INC?
- The employer identification number (EIN) of REVITALIZING WATERBURY INC is 03-0330084.
- Is REVITALIZING WATERBURY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to REVITALIZING WATERBURY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REVITALIZING WATERBURY 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 REVITALIZING WATERBURY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REVITALIZING WATERBURY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of REVITALIZING WATERBURY INC?
- The 990 for the year ended December 31, 2024 names ROGER CLAPP.
- Who are the officers and directors of REVITALIZING WATERBURY INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 2 received compensation from the organization, the highest $47,850 (OWEN SETTE-DUCATI, ECONOMIC DEVELOPMENT DIRECTOR).
- How much revenue does REVITALIZING WATERBURY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $288,651, expenses of $375,936 and total assets of $1,448,305 at year end.
Other nonprofits in WATERBURY
- VERMONT MOUNTAIN BIKE ADVOCATE INC EIN 03-0356194 · last filed 990 for 2024
- VERMONT MOUNTAIN BIKE ADVOCATE INC EIN 81-0728865 · last filed 990-EZ for 2024
- GREEN MOUNTAIN WATER SKIERS EIN 83-1484055 · last filed 990-N for 2024
- WATERBURY AMBULANCE SERVICE INC EIN 23-7169048 · last filed 990 for 2025
- BOY SCOUTS OF AMERICA EIN 03-0229256 · last filed 990 for 2025
- HUNGER MOUNTAIN CHILDRENS CENTER INC EIN 03-0226274 · last filed 990 for 2025
- UNLEASHING THE POWER OF PARTNERSHIP FOR LEARNING INC EIN 47-2894356 · last filed 990 for 2025
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All nonprofits in WATERBURY · Vermont · Recreation and sports