Nonprofit · EIN 51-0192568
FRANKLIN COUNTY INDUSTRIAL
Tax-exempt · ST ALBANS, VT 05478
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $849,271 | $840,643 | $8,628 | $9,944,243 | $5,205,131 | $4,739,112 |
| June 30, 2024 | 990 | $1,506,186 | $1,442,290 | $63,896 | $10,104,244 | $5,371,572 | $4,732,672 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $245,218
- of which government grants
- $231,468
- Program service revenue
- $517,757
- Investment income
- $30,716
- Other revenue
- $55,580
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $150,595
- Other salaries and wages
- $41,285
- Salaries, compensation and benefits (total)
- $235,031
- Professional fundraising fees
- $0
- Legal fees
- $3,636
- Accounting fees
- $14,802
- Occupancy
- $196,825
- Travel
- $11,402
- Depreciation
- $59,260
- Program services (functional)
- $525,152
- Management and general (functional)
- $315,491
Balance sheet and other
- Total assets, start of year
- $10,104,244
- Total assets, end of year
- $9,944,243
- Total liabilities, end of year
- $5,205,131
- Net assets, end of year
- $4,739,112
- Land, buildings and equipment
- $7,140,237
- Publicly traded securities
- $927,566
- Net assets without donor restrictions
- $4,732,497
- Net assets with donor restrictions
- $6,615
- Gross receipts
- $849,271
- Employees
- 6
- Year formed
- 1979
- 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 |
|---|---|---|---|---|
| Timothy Smith | Executive Director Trustee or director | 40 | $100,258 | $13,981 |
| Amy Kimball | Secretary Trustee or director | 40 | $41,867 | $12,658 |
| Mark Lareau | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Kevin Manahan | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Leon Berthiaume | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Maureen Brown | Director Trustee or director | 1 | $0 | $0 |
| Patrick Calecas | Director Trustee or director | 1 | $0 | $0 |
| Kathy Lavoie | Director Trustee or director | 1 | $0 | $0 |
| Michael O'Brien | Director Trustee or director | 1 | $0 | $0 |
| Dean Pelkey | Director Trustee or director | 1 | $0 | $0 |
| Rebecca Stebbins | Director Trustee or director | 1 | $0 | $0 |
| Carl Rosenquist | Director Trustee or director | 1 | $0 | $0 |
| Coleen Condon | Director Trustee or director | 1 | $0 | $0 |
| Elizabeth Gamache | Director Trustee or director | 1 | $0 | $0 |
| Jess Graff | Director Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Andrew Crossman | Director Trustee or director | 1 | $0 |
| Evan Branon | Director Trustee or director, Officer | 1 | $0 |
| Lisa Durocher | Director Trustee or director | 1 | $0 |
| Leilani King | Director Trustee or director, Officer | 1 | $0 |
| John Hango | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Timothy Smith | Executive Director Trustee or director | 40 | $100,285 | $11,911 |
| Amy Kimball | Secretary Trustee or director | 40 | $42,939 | $14,420 |
| Mark Lareau | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Kevin Manahan | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Leon Berthiaume | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Maureen Brown | Director Trustee or director | 1 | $0 | $0 |
| Patrick Calecas | Director Trustee or director | 1 | $0 | $0 |
| Kathy Lavoie | Director Trustee or director | 1 | $0 | $0 |
| Michael O'Brien | Director Trustee or director | 1 | $0 | $0 |
| Dean Pelkey | Director Trustee or director | 1 | $0 | $0 |
| Rebecca Stebbins | Director Trustee or director | 1 | $0 | $0 |
| Carl Rosenquist | Director Trustee or director | 1 | $0 | $0 |
| Coleen Condon | Director Trustee or director | 1 | $0 | $0 |
| Elizabeth Gamache | Director Trustee or director | 1 | $0 | $0 |
| Jess Graff | Director Trustee or director | 1 | $0 | $0 |
| Andrew Crossman | Director Trustee or director | 1 | $0 | $0 |
| Evan Branon | Director Trustee or director, Officer | 1 | $0 | $0 |
| Lisa Durocher | Director Trustee or director | 1 | $0 | $0 |
| Leilani King | Director Trustee or director, Officer | 1 | $0 | $0 |
| John Hango | Directory Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 NORTH MAIN STREET 4TH FLOOR PO, ST ALBANS, VT 05478-1790
- Principal officer (990 for 2024)
- Timothy Smith, PO Box 1099, St Albans, VT 054781099
- Signed the 990
- Timothy Smith, Officer
- Phone
- (802) 524-2194
- Website
- www.fcidc.com
- Return prepared by
- Wisehart Wimette Associates PLC
Mission
To promote development and growth of private industry in the greater St. Albans area and Franklin County as a whole
Program accomplishments
- To provide rental space to businesses in order to further encourage the development of industry in Franklin County.Expenses $422,521 · revenue $442,083
- To provide loans to area businesses and municipalities for acquisition and expansion purposes to provide revolving loans for the creation of employment opportunities and/or the maintenance of existing jobs, particularly for the benefit of low income persons, displaced farm families and farm families needing to supplement their income. These funds are to be used for the purchase or expansion of land, buildings, machinery or equipment, start-up costs, feasibility studies or other working capital.Expenses $98,526 · revenue $20,395
- To provide loans to area businesses and municipalities for acquisition and expansion purposes.Expenses $4,030
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
- 51-0192568
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1972
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,944,243
- Income (IRS master file)
- $849,271
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $849,271 | $840,643 | $9,944,243 | XML |
| 990 | June 2024 | $1,506,186 | $1,442,290 | $10,104,244 | XML |
| 990 | June 2023 | $783,033 | $2,165,766 | $17,606,975 | IRS |
| 990 | June 2022 | $2,481,929 | $2,361,646 | $21,946,994 | 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 51-0192568).
Questions about FRANKLIN COUNTY INDUSTRIAL
- What is the EIN of FRANKLIN COUNTY INDUSTRIAL?
- The employer identification number (EIN) of FRANKLIN COUNTY INDUSTRIAL is 51-0192568.
- Is FRANKLIN COUNTY INDUSTRIAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1972.
- Are donations to FRANKLIN COUNTY INDUSTRIAL tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FRANKLIN COUNTY INDUSTRIAL 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 FRANKLIN COUNTY INDUSTRIAL 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 FRANKLIN COUNTY INDUSTRIAL 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 FRANKLIN COUNTY INDUSTRIAL?
- The 990 for the year ended June 30, 2025 names Timothy Smith.
- Who are the officers and directors of FRANKLIN COUNTY INDUSTRIAL?
- The 990 for the year ended June 30, 2025 lists 20 people; 2 received compensation from the organization, the highest $100,258 (Timothy Smith, Executive Director).
- How much revenue does FRANKLIN COUNTY INDUSTRIAL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $849,271, expenses of $840,643 and total assets of $9,944,243 at year end.
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