Form 990 for tax year 2023
Filed by YELLOW BARN BUSINESS ACCELERATOR INC.
Totals
- Total revenue
- $97,203
- Total expenses
- $4,471,637
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $97,203
- Other revenue
- $0
- Total assets, end of year
- $11,546,843
- Total liabilities, end of year
- $11,449,693
- Net assets or fund balances, end of year
- $97,150
- Program services expenses (Part IX)
- $4,471,637
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,471,637
Program services were 100.0% 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.
-
3 · Investment income
total $97,203 · excluded $97,203
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,022,675 · program services $4,022,675
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $321,047 · program services $321,047
-
11c · Fees: accounting
total $19,921 · program services $19,921
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $89,867 · program services $89,867
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $18,075 · program services $18,075
-
24e · All other expenses
total $52 · program services $52
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $5,689,450
-
3 · Pledges and grants receivable
end of year $250,000
-
10a · Land, buildings and equipment: cost or other basis
$5,061,547
-
10c · Land, buildings and equipment, net
end of year $5,061,547
-
15 · Other assets
end of year $545,846
-
17 · Accounts payable and accrued expenses
end of year $250
-
23 · Secured mortgages and notes payable
end of year $11,449,443
-
27 · Net assets without donor restrictions
end of year $97,150
Mission and programs · 2023
Mission
To build stronger communities in the Northeast Kingdom by providing access to capital and a streamlined economic development process
-
Yellow Barn Project - this consists of the renovation of the historic yellow barn for retail space as well as the building of a 25,000 square foot facility for business development for the Center for Agricultural Economy and for Jasper Hill Farms cheese business.
Expenses $4,471,637
As filed on the 2023 return.
Listed in Part VII
-
Eric Remick
President
- Total calculated
- $0
- Hours/week
- 2
-
Aminta Conant
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl Ducharme
Secretary
- Total calculated
- $0
- Hours/week
- 1
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540979349300744
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