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Nonprofiteer
← COMMUNITY CAPITAL OF VERMONT INC

Form 990 for tax year 2023

Filed by COMMUNITY CAPITAL OF VERMONT INC.

Totals

Total revenue
$325,527
Total expenses
$490,496
Contributions and grants received
$134,296
Grants paid
$0
Program service revenue
$115,568
Investment income
$66,673
Other revenue
$8,990
Total assets, end of year
$3,586,734
Total liabilities, end of year
$1,078,560
Net assets or fund balances, end of year
$2,508,174
Program services expenses (Part IX)
$350,926
Management and general expenses
$139,570
Fundraising expenses
$0
Program service expenses (Part III)
$350,926

Program services were 71.5% 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.

  • 1e · Government grants (contributions)

    $134,296

  • 2a · Program service revenue: LOAN INTEREST

    total $97,137 · related or exempt $97,137

  • 2b · Program service revenue: LOAN FEES

    total $18,431 · related or exempt $18,431

  • 3 · Investment income

    total $66,673 · excluded $66,673

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $8,990 · related or exempt $8,990

  • 11e · Other revenue, total

    $8,990

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $107,815 · program services $55,428 · management and general $52,387

  • 7 · Other salaries and wages

    total $74,669 · program services $39,575 · management and general $35,094

  • 9 · Other employee benefits

    total $14,496 · program services $11,504 · management and general $2,992

  • 10 · Payroll taxes

    total $15,968 · program services $8,890 · management and general $7,078

  • 11b · Fees: legal

    total $7,752 · program services $7,752

  • 11c · Fees: accounting

    total $15,660 · management and general $15,660

  • 11g · Fees: other

    total $26,332 · program services $26,332

  • 12 · Advertising and promotion

    total $9,022 · management and general $9,022

  • 13 · Office expenses

    total $6,145 · program services $4,424 · management and general $1,721

  • 14 · Information technology

    total $7,939 · program services $5,716 · management and general $2,223

  • 16 · Occupancy

    total $12,030 · program services $8,662 · management and general $3,368

  • 17 · Travel

    total $6,706 · program services $6,706

  • 20 · Interest

    total $16,862 · program services $16,862

  • 22 · Depreciation, depletion and amortization

    total $2,244 · management and general $2,244

  • 23 · Insurance

    total $5,037 · management and general $5,037

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $110,241 · program services $110,241

  • 24b · Other expenses: LOAN LOSS RESERVE

    total $45,837 · program services $45,837

  • 24c · Other expenses: MISCELLANEOUS

    total $1,694 · management and general $1,694

  • 24d · Other expenses: BANKING

    total $1,558 · program services $1,558

  • 24e · All other expenses

    total $2,489 · program services $1,439 · management and general $1,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,575,520 · end of year $1,361,601

  • 2 · Savings and temporary cash investments

    beginning of year $1,135,793 · end of year $509,955

  • 4 · Accounts receivable

    beginning of year $36,830 · end of year $49,224

  • 7 · Other notes and loans receivable

    beginning of year $1,166,790 · end of year $1,637,366

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,254 · end of year $6,199

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

    $15,503

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

    $15,503

  • 10c · Land, buildings and equipment, net

    beginning of year $2,245

  • 15 · Other assets

    beginning of year $22,389 · end of year $22,389

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,831 · end of year $26,200

  • 24 · Unsecured notes and loans payable

    beginning of year $1,278,719 · end of year $1,029,971

  • 25 · Other liabilities

    beginning of year $22,389 · end of year $22,389

  • 27 · Net assets without donor restrictions

    beginning of year $402,742 · end of year $383,974

  • 28 · Net assets with donor restrictions

    beginning of year $2,216,140 · end of year $2,124,200

Mission and programs · 2023

Mission

TO HELP SMALL BUSINESSES AND LOWER INCOME ENTREPRENEURS PROSPER THROUGH THE PROVISION OF FLEXIBLE BUSINESS FINANCING.

Activities or mission (Part I)

TO HELP SMALL BUSINESSES AND LOWER INCOME ENTREPRENEURS PROSPER THROUGH THE PROVISION OF FLIXIBLE BUSINESS FINANCING.

  • COMMUNITY CAPITAL OF VERMONT IS A STATEWIDE SMALL BUSINESS AND MICROENTERPRISE LENDER SERVING LOW AND MODERATE INCOME ENTRPRENEURS. OUR LOANS RANGE IN SIZE FROM 1,000 TO 100,000 AND CAN BE USED FOR BUSINESS START-UP OR GROWTH AND EXPANSION. CCVT SPECIALIZES IN PROVIDING LOANS TO BUSINESS OWNERS WHO LACK THE COLLATERAL OR CREDIT HISTORY TO QUALIFY FOR TRADITIONAL BANK LOANS.

    Expenses $350,926 · Revenue $115,568

As filed on the 2023 return.

Listed in Part VII

  • Alexander Rob

    EXECUTIVE DI

    Total calculated
    $107,815
    From this org
    $107,815
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ronda Berns

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Mary Chevalier

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Heather Hurlbert

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Nate Messier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Rupe

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
30 May 2024
IRS schema version
2023v5.0
Source object
202422139349300217

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