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← MT WASHINGTON VALLEY ECONOMIC COUNCIL

Form 990 for tax year 2025

Filed by MT WASHINGTON VALLEY ECONOMIC COUNCIL.

Totals

Total revenue
$507,440
Total expenses
$352,633
Contributions and grants received
$43,027
Grants paid
$0
Program service revenue
$471,927
Investment income
$82,763
Other revenue
-$90,277
Total assets, end of year
$4,198,305
Total liabilities, end of year
$3,592,556
Net assets or fund balances, end of year
$605,749
Program services expenses (Part IX)
$110,867
Management and general expenses
$241,766
Fundraising expenses
$0
Program service expenses (Part III)
$110,867

Program services were 31.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $43,027

  • 2a · Program service revenue: PROGRAM SERVICE INCOME

    total $376,183 · related or exempt $376,183

  • 2b · Program service revenue: MANAGEMENT FEES

    total $76,389 · related or exempt $76,389

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $18,610 · related or exempt $18,610

  • 2d · Program service revenue: FISCAL AGENT ACCOUNTS

    total $745 · related or exempt $745

  • 3 · Investment income

    total $64 · excluded $64

  • 6a · Gross rents

    real property $139,740

  • 6b · Less rental expenses

    real property $236,748

  • 6c · Rental income or loss

    real property -$97,008

  • 6d · Net rental income or loss

    total -$97,008 · related or exempt -$97,008

  • 7a · Gross sales of assets other than inventory

    other assets $82,699

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $82,699

  • 7d · Net gain or loss

    total $82,699 · related or exempt $82,699

  • 11a · Other revenue: BAD DEBT RECOVERY

    total $6,731 · related or exempt $6,731

  • 11e · Other revenue, total

    $6,731

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $62,341 · program services $20,479 · management and general $41,862

  • 7 · Other salaries and wages

    total $37,490 · program services $15,991 · management and general $21,499

  • 9 · Other employee benefits

    total $8,603 · management and general $8,603

  • 10 · Payroll taxes

    total $8,051 · management and general $8,051

  • 11a · Fees: management

    total $7,423 · program services $3,719 · management and general $3,704

  • 11c · Fees: accounting

    total $3,883 · management and general $3,883

  • 12 · Advertising and promotion

    total $1,449 · program services $551 · management and general $898

  • 13 · Office expenses

    total $3,968 · program services $572 · management and general $3,396

  • 20 · Interest

    total $34,863 · program services $26,147 · management and general $8,716

  • 22 · Depreciation, depletion and amortization

    total $30,652 · management and general $30,652

  • 23 · Insurance

    total $8,701 · management and general $8,701

  • 24a · Other expenses: BAD DEBT RECOVERY

    total $71,693 · management and general $71,693

  • 24b · Other expenses: MANAGEMENT FEES

    total $27,984 · program services $27,984

  • 24c · Other expenses: REAL ESTATE TAXES

    total $14,942 · program services $13,248 · management and general $1,694

  • 24d · Other expenses: MWV REGIONAL COLLABORAT

    total $13,486 · management and general $13,486

  • 24e · All other expenses

    total $17,104 · program services $2,176 · management and general $14,928

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $262,999 · end of year $265,198

  • 2 · Savings and temporary cash investments

    beginning of year $193,647 · end of year $201,854

  • 4 · Accounts receivable

    beginning of year $1,547 · end of year $186,692

  • 7 · Other notes and loans receivable

    beginning of year $649,359 · end of year $1,106,320

  • 10a · Land, buildings and equipment: cost or other basis

    $3,621,868

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,876,100

  • 10c · Land, buildings and equipment, net

    beginning of year $1,858,484 · end of year $1,745,768

  • 15 · Other assets

    beginning of year $98,930 · end of year $692,473

  • 17 · Accounts payable and accrued expenses

    beginning of year $134,813 · end of year $452,866

  • 19 · Deferred revenue

    beginning of year $16,634 · end of year $2,442

  • 23 · Secured mortgages and notes payable

    beginning of year $2,462,577 · end of year $3,137,248

  • 27 · Net assets without donor restrictions

    beginning of year -$1,661,566 · end of year -$1,408,152

  • 28 · Net assets with donor restrictions

    beginning of year $2,112,508 · end of year $2,013,901

Mission and programs · 2025

Mission

TO SUPPORT EXISTING BUSINESSES, TO FOSTER THE FORMATION OF NEW BUSINESS AND TO ATTRACT BUSINESSES TO RELOCATE TO THE AREA, WITH A COMMITMENT TO HELP THEM DIVERSIFY, PROSPER AND ENHANCE THEIR SUSTAINABILITY WHILE PRESERVING THE REGIONS NATURAL BEAUTY.

  • ECONOMIC DEVELOPMENT

    Expenses $110,867 · Revenue $464,349

As filed on the 2025 return.

Listed in Part VII

  • Andrew Orsini

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Ted Kramer

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Susan Perry

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Josh McAllister

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dan Ouellette

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gail Paine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Seavey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Boose

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Badger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vicki Garland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jac Cuddy

    EXECUTIVE DIRECTOR

    Total calculated
    $70,945
    From this org
    $62,342
    From related orgs
    $0
    Other
    $8,603
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
25 August 2026
IRS schema version
2025v4.2
Source object
202622459349301042

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