Nonprofit · EIN 03-6005859
CYNOSURE INC
Tax-exempt · BURLINGTON, VT 05402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,220,550 | $1,174,828 | $45,722 | $6,022,409 | $117,434 | $5,904,975 |
| June 30, 2024 | 990 | $1,203,313 | $967,706 | $235,607 | $5,801,212 | $76,484 | $5,724,728 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,080,328
- Investment income
- $140,222
- Net gain from sales of assets
- $15,879
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $608,033
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $122,198
- Accounting fees
- $11,800
- Travel
- $29,748
- Depreciation
- $95,281
Balance sheet and other
- Total assets, start of year
- $5,801,212
- Total assets, end of year
- $6,022,409
- Total liabilities, end of year
- $117,434
- Net assets, end of year
- $5,904,975
- Land, buildings and equipment
- $2,284,593
- Publicly traded securities
- $2,776,585
- Net assets without donor restrictions
- $5,904,975
- Gross receipts
- $1,446,876
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1955
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| FRANK CIOFFI | PRESIDENT, S Trustee or director, Officer | 20 | $0 | $234,027 | $74,666 |
| SUSAN ANDERSEN | HIGHLY COMPE Highest-paid employee | 0 | $0 | $101,480 | $11,723 |
| PAM MACKENZIE | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TIM SHEA | VICE CHAIRPE Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ERNEST A POMERLEAU | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DAN SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BRAD ALDRICH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ETHAN BECHTEL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVID BRADBURY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRIS D'ELIA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| RICH SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PETER SYLVESTER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| FRANK CIOFFI | PRESIDENT, S Trustee or director, Officer | 20 | $0 | $205,795 | $54,600 |
| DAN SMITH | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 | $0 |
| PAM MACKENZIE | VICE CHAIRPE Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ERNEST A POMERLEAU | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BRAD ALDRICH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ETHAN BECHTEL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVID BRADBURY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRIS D'ELIA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| RICH SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PETER SYLVESTER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 786, BURLINGTON, VT 05402-0786
- Principal officer (990 for 2024)
- FRANK CIOFFI, 60 MAIN STREET PO BOX 786, BURLINGTON, VT 05402
- Signed the 990
- FRANK CIOFFI, PRESIDENT, SECRETARY
- Phone
- (802) 862-5726
- Website
- WWW.GBICVT.ORG
- Return prepared by
- DAVIS & HODGDON ASSOCIATES CPAS PLC
Mission
TO UNIFY AND COORDINATE PUBLIC AND PRIVATE EFFORTS DIRECTED TOWARD THE ATTRACTION, ENCOURAGEMENT, FINANCING AND DEVELOPMENT OF PRIVATE INDUSTRY AND COMMERCE WITHIN THE GREATER BURLINGTON AREA AND OTHER MUNICIPALITIES OF CHITTENDEN COUNTY FOR THE PURPOSE OF PROMOTING, INCREASING AND STABILIZING OPPORTUNITIES FOR GAINFUL EMPLOYMENT, IMPROVEMENT OF ECONOMIC CONDITIONS AND GENERAL WELFARE.
Program accomplishments
- FINANCING OF INDUSTRIAL DEVELOPMENT LOANS AND RECEIVABLES TO VARIOUS QUALIFIED BUSINESSES THROUGHOUT THE GREATER BURLINGTON, VT AREA.
- LEASING OF AFFORDABLE INDUSTRIAL DEVELOPMENT PROPERTY TO PROMOTE BUSINESS IN THE AREA.
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
- 03-6005859
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,022,409
- Income (IRS master file)
- $1,446,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,220,550 | $1,174,828 | $6,022,409 | XML |
| 990 | June 2024 | $1,203,313 | $967,706 | $5,801,212 | XML |
| 990 | June 2023 | $1,094,499 | $923,748 | $5,234,982 | 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 03-6005859).
Questions about CYNOSURE INC
- What is the EIN of CYNOSURE INC?
- The employer identification number (EIN) of CYNOSURE INC is 03-6005859.
- Is CYNOSURE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1957.
- Are donations to CYNOSURE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CYNOSURE 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 CYNOSURE 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 CYNOSURE 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 CYNOSURE INC?
- The 990 for the year ended June 30, 2025 names FRANK CIOFFI.
- Who are the officers and directors of CYNOSURE INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does CYNOSURE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,220,550, expenses of $1,174,828 and total assets of $6,022,409 at year end.
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