Nonprofit · EIN 03-0366744
LAKE CHAMPLAIN LIFELONG LEARNING FUND INC
Tax-exempt · BURLINGTON, VT 05401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $178,842 | $219,523 | -$40,681 | $1,441,302 | $3,027 | $1,438,275 |
| September 30, 2024 | 990 | $418,978 | $173,376 | $245,602 | $1,402,471 | $345 | $1,402,126 |
| September 30, 2023 | 990 | $286,578 | $133,961 | $152,617 | $1,151,949 | $77 | $1,151,872 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $27,001
- Program service revenue
- $106,560
- Investment income
- $45,281
- Net gain from sales of assets
- $8,495
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $50,000
- Other salaries and wages
- $108,106
- Salaries, compensation and benefits (total)
- $126,422
- Professional fundraising fees
- $0
- Legal fees
- $2,197
- Accounting fees
- $1,100
- Travel
- $6,213
- Program services (functional)
- $206,184
- Management and general (functional)
- $13,339
Balance sheet and other
- Total assets, start of year
- $1,402,471
- Total assets, end of year
- $1,441,302
- Total liabilities, end of year
- $3,027
- Net assets, end of year
- $1,438,275
- Publicly traded securities
- $1,153,844
- Net assets without donor restrictions
- $262,161
- Net assets with donor restrictions
- $1,176,114
- Gross receipts
- $876,213
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1999
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CATHY DAVIS | PRESIDENT Trustee or director, Officer | 1 | $0 | $140,323 | $30,397 |
| PATRICK O'NEIL | VP OF FINANCE Officer | 1 | $0 | $121,389 | $7,080 |
| HEATHER ROSS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVE LANE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DON BAKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE KELLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE MILLER TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALEX HALPERN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CATHY DAVIS | PRESIDENT Trustee or director, Officer | 1 | $0 | $118,923 | $26,127 |
| PATRICK O'NEIL | VP OF FINANCE Officer | 1 | $0 | $111,234 | $6,694 |
| HEATHER ROSS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ASHLEY WAINER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVE LANE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DON BAKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE KELLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE MILLER TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CATHY DAVIS | PRESIDENT Trustee or director, Officer | 1 | $0 | $106,063 | $19,909 |
| PATRICK O'NEIL | VP OF FINANCE Officer | 1 | $0 | $104,041 | $7,294 |
| GREG MAGUIRE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ASHLEY WAINER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA KINGSBURY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DON BAKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE KELLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE MILLER TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 60 MAIN ST STE 100, BURLINGTON, VT 05401-8422
- In care of
- % STACEY MORRISSEY
- Mailing address (990-N for 2012)
- 60 Main Street Suite 100, Burlington VT 05401
- Principal officer (990 for 2024)
- CATHERINE DAVIS, 60 MAIN STREET 100, BURLINGTON, VT 05401
- Principal officer (990-N for 2012)
- Thomas Torti, 60 Main Street Suite 100, Burlington VT 05401
- Signed the 990
- CATHERINE DAVIS, PRESIDENT
- Phone
- (802) 863-3489
- Website
- WWW.LAUNCHVT.COM
- Return prepared by
- MCSOLEY MCCOY & CO
Mission
THE PURPOSE OF THIS NON-PROFIT ORGANIZATION IS TO DEVELOP AND IMPLEMENT WORKFORCE DEVELOPMENT STRATEGIES THAT SUPPORT BUSINESS AND INDUSTRY PRIMARILY IN OUR REGION OF VERMONT (CHITTENDEN COUNTY) AND STATEWIDE. THESE STRATEGIES INCLUDE THE LAUNCHVT INITIATIVE.
Program accomplishments
- LAUNCHVT WORKS WITH ITS COMMUNITY PARTNERS TO PROVIDE BUSINESS ACCELERATION PROGRAMS AND RESOURCES THAT EMPOWER VERMONTERS TO SOLVE PROBLEMS AND CREATE ECONOMIC OPPORTUNITY IN THEIR COMMUNITIES. LAUNCHVT ACCELERATES THE DEVELOPMENT OF THE 8 BEST EMERGING STARTUPS IN VERMONT BY CONNECTING THEM WITH EACH OTHER, ADVISORS, SEARCH PROVIDERS, INVESTORS, AND DIRECT BUSINESS DEVELOPMENT SUPPORT.Expenses $206,184 · grants $50,000 · revenue $27,560
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 03-0366744
- 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
- 2000
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S400)
- Assets (IRS master file)
- $1,441,302
- Income (IRS master file)
- $876,213
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $178,842 | $219,523 | $1,441,302 | XML |
| 990 | September 2024 | $418,978 | $173,376 | $1,402,471 | XML |
| 990 | September 2023 | $286,578 | $133,961 | $1,151,949 | XML |
| 990 | September 2022 | $248,919 | $64,800 | $1,032,024 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Thomas Torti | September 30, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 03-0366744).
Questions about LAKE CHAMPLAIN LIFELONG LEARNING FUND INC
- What is the EIN of LAKE CHAMPLAIN LIFELONG LEARNING FUND INC?
- The employer identification number (EIN) of LAKE CHAMPLAIN LIFELONG LEARNING FUND INC is 03-0366744.
- Is LAKE CHAMPLAIN LIFELONG LEARNING FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to LAKE CHAMPLAIN LIFELONG LEARNING FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE CHAMPLAIN LIFELONG LEARNING FUND 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 LAKE CHAMPLAIN LIFELONG LEARNING FUND INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE CHAMPLAIN LIFELONG LEARNING FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of LAKE CHAMPLAIN LIFELONG LEARNING FUND INC?
- The 990 for the year ended September 30, 2025 names CATHERINE DAVIS.
- Who are the officers and directors of LAKE CHAMPLAIN LIFELONG LEARNING FUND INC?
- The 990 for the year ended September 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does LAKE CHAMPLAIN LIFELONG LEARNING FUND INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $178,842, expenses of $219,523 and total assets of $1,441,302 at year end.
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