Nonprofit · EIN 03-6010485
BRATTLEBORO DEVELOPMENT CREDIT CORPORATION
Tax-exempt · BRATTLEBORO, VT 05301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,319,873 | $5,202,362 | $1,117,511 | $20,084,094 | $4,889,126 | $15,194,968 |
| June 30, 2024 | 990 | $5,989,794 | $4,883,462 | $1,106,332 | $17,790,310 | $3,662,853 | $14,127,457 |
| June 30, 2023 | 990 | $5,445,267 | $4,738,385 | $706,882 | $29,036,082 | $16,298,871 | $12,737,211 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,994,453
- of which government grants
- $1,697,453
- Program service revenue
- $3,836,860
- Investment income
- $426,829
- Other revenue
- $61,731
Expenses
- Grants and similar amounts paid
- $203,724
- Compensation of officers, directors and key employees
- $350,516
- Other salaries and wages
- $1,221,411
- Salaries, compensation and benefits (total)
- $1,872,769
- Professional fundraising fees
- $0
- Legal fees
- $7,256
- Accounting fees
- $26,934
- Occupancy
- $1,389,419
- Travel
- $36,915
- Depreciation
- $569,141
Balance sheet and other
- Total assets, start of year
- $17,790,310
- Total assets, end of year
- $20,084,094
- Total liabilities, end of year
- $4,889,126
- Net assets, end of year
- $15,194,968
- Land, buildings and equipment
- $7,295,512
- Net assets without donor restrictions
- $14,648,632
- Net assets with donor restrictions
- $546,336
- Gross receipts
- $6,319,873
- Employees
- 22
- Volunteers
- 11
- Year formed
- 1954
- 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 |
|---|---|---|---|---|
| ADAM GRINOLD | EXECUTIVE DIRECTOR Officer | 40 | $159,863 | $5,411 |
| BOBBI KILBURN | DIRECTOR OF FINANCE Officer | 40 | $136,869 | $27,102 |
| JEN STROMSTEN | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $108,335 | $3,677 |
| CRAIG MISKOVICH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TAMMY RICHARDS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DEBBIE BOYLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MEYER | ASST. TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BOB STEVENS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAN NORMANDEAU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK RICHARDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN MEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRACEY JOHN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH BRIDGEWATER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHAN MORSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM GRINOLD | EXECUTIVE DIRECTOR Officer | 40 | $155,910 | $4,677 |
| BOBBI KILBURN | DIRECTOR OF FINANCE Officer | 40 | $126,214 | $23,793 |
| JEN STROMSTEN | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $103,003 | $3,090 |
| CRAIG MISKOVICH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TAMMY RICHARDS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DEBORAH BOYLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MEYER | ASST. TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT STEVENS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAN NORMANDEAU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK RICHARDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN MEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRACEY JOHN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH BRIDGEWATER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHAN MORSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER CARVELL | TRUSTEE - RESIGNED FY24 Trustee or director | 1 | $0 | $0 |
| PHIL STECKLER | TRUSTEE - DECEASED FY24 Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM GRINOLD | EXECUTIVE DIRECTOR Officer | 40 | $148,513 | $4,455 |
| BOBBI KILBURN | DIRECTOR OF FINANCE Officer | 40 | $115,680 | $9,600 |
| CRAIG MISKOVICH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TAMMY RICHARDS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DEBORAH BOYLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MEYER | ASST. TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT STEVENS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAN NORMANDEAU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK RICHARDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN MEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER CARVELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRACEY JOHN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH BRIDGEWATER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHAN MORSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PHIL STECKLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 76 COTTON MILL ROAD, BRATTLEBORO, VT 05301-7702
- Principal officer (990 for 2024)
- DEBORAH BOYLE, 76 COTTON MILL ROAD, BRATTLEBORO, VT 05301
- Signed the 990
- DEBORAH BOYLE, TREASURER
- Phone
- (802) 257-7731
- Return prepared by
- CBIZ ADVISORS LLC
Mission
BRATTLEBORO DEVELOPMENT CREDIT CORPORATION (BDCC), IS A PRIVATE, NONPROFIT ECONOMIC DEVELOPMENT ORGANIZATION THAT SERVES AS A CATALYST FOR INDUSTRIAL AND COMMERCIAL GROWTH THROUGHOUT SOUTHEASTERN VERMONT, INCLUDING WINDHAM COUNTY AND THE TOWNS OF READSBORO, (SEE SCH. O)SEARSBURG, WESTON, AND WINHALL. THE PRIMARY OBJECTIVE OF BDCC IS TO INVEST IN THE DRIVERS OF THE REGIONAL ECONOMY SO THAT PEOPLE, BUSINESSES, AND COMMUNITIES IN SOUTHERN VERMONT CAN THRIVE. OUR VISION STATEMENT READS: PEOPLE WHO LOVE SOUTHERN VERMONT HAVE OPPORTUNITIES TO THRIVE HERE.
Program accomplishments
- REAL ESTATE: OPERATION OF INDUSTRIAL BUILDINGS AND SEVERAL LOTS IN THE EXIT ONE INDUSTRIAL PARK, HOUSING IN EXCESS OF 50 BUSINESSES, EMPLOYING IN EXCESS OF 350 PEOPLE. THE ORGANIZATION PREVIOUSLY ACQUIRED OLDER, UNOCCUPIED INDUSTRIAL BUILDINGS VACATED BY MAJOR EMPLOYERS AND CONVERTED THE BUILDINGS TO FACILITIES TARGETED TO STARTUP BUSINESSES, AND TO SUPPORT REGIONAL EMPLOYERS AS THEY LOOK TO GROW AND EXPAND. THE ORGANIZATION PROVIDES ADMINISTRATIVE AND MANAGEMENT SUPPORT TO THESE BUSINESSES, AND TO THE SOUTHERN VERMONT REGION.
- DEVELOPMENT PROJECTS: BDCC HAS ENTERED INTO AGREEMENTS, IN SUPPORT OF AFFILIATED ENTITIES; BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS, INC. AND BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS II, INC., ON BEHALF OF SPECIFIC EXPANSION PROJECTS FOR THE BENEFIT OF REGIONAL EMPLOYERS PROVIDING OPPORTUNITIES FOR GROWTH AND JOB CREATION.
- ADMINISTERING BDCC'S STRATEGIC PROJECTS / PROGRAMS, FUNDED FROM INTERNAL SOURCES, FEDERAL, STATE, AND PRIVATE FOUNDATION GRANTS, INCLUDING WORKFORCE INTIATIVES, BUSINESS SUPPORT & LENDING, COMMUNITY DEVELOPMENT INITIATIVES, AND WINDHAM COUNTY ECONOMIC DEVELOPMENT PROGRAM.
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
- 03-6010485
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Group exemption
- 6268
- Assets (IRS master file)
- $20,084,094
- Income (IRS master file)
- $6,319,873
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,319,873 | $5,202,362 | $20,084,094 | IRS |
| 990 | June 2024 | $5,989,794 | $4,883,462 | $17,790,310 | IRS |
| 990 | June 2023 | $5,445,267 | $4,738,385 | $29,036,082 | XML |
| 990 | June 2022 | $6,512,672 | $4,545,344 | $36,714,715 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 03-6010485).
Questions about BRATTLEBORO DEVELOPMENT CREDIT CORPORATION
- What is the EIN of BRATTLEBORO DEVELOPMENT CREDIT CORPORATION?
- The employer identification number (EIN) of BRATTLEBORO DEVELOPMENT CREDIT CORPORATION is 03-6010485.
- Is BRATTLEBORO DEVELOPMENT CREDIT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2017.
- Are donations to BRATTLEBORO DEVELOPMENT CREDIT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BRATTLEBORO DEVELOPMENT CREDIT 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 BRATTLEBORO DEVELOPMENT CREDIT 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 BRATTLEBORO DEVELOPMENT CREDIT 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 BRATTLEBORO DEVELOPMENT CREDIT CORPORATION?
- The 990 for the year ended June 30, 2025 names DEBORAH BOYLE.
- Who are the officers and directors of BRATTLEBORO DEVELOPMENT CREDIT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 3 received compensation from the organization, the highest $159,863 (ADAM GRINOLD, EXECUTIVE DIRECTOR).
- How much revenue does BRATTLEBORO DEVELOPMENT CREDIT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,319,873, expenses of $5,202,362 and total assets of $20,084,094 at year end.
Other nonprofits in BRATTLEBORO
- RETREAT FARM EIN 47-5042006 · last filed 990 for 2024
- NATIONAL ELEVATOR BARGAININGASSOCIATION EIN 20-5576448 · last filed 990 for 2025
- DOWNTOWN BRATTLEBORO ALLIANCE INC EIN 03-0358074 · last filed 990 for 2025
- SOUTHEASTERN VERMONT ECONOMIC DEVELOPMENT STRATEGIES INC EIN 46-2760132 · last filed 990 for 2025
- BRATTLEBORO AREA CHAMBER OF COMMERCE INC EIN 03-0107245 · last filed 990-EZ for 2025
- BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS I EIN 81-0687884 · last filed 990-N for 2025
- BRATTLEBORO DEVELOPMENT CREDIT CORP REAL ESTATE HOLDINGS II INC EIN 81-3578784 · last filed 990 for 2025
- ASHE MAASAI COMMUNITY CENTER EIN 87-3954622 · last filed 990-N for 2023
All nonprofits in BRATTLEBORO · Vermont · Community improvement and capacity building