Form 990 for tax year 2023
Filed by MT WASHINGTON VALLEY ECONOMIC COUNCIL.
Totals
- Total revenue
- $143,655
- Total expenses
- $341,520
- Contributions and grants received
- $72,510
- Grants paid
- $0
- Program service revenue
- $144,417
- Investment income
- $92
- Other revenue
- -$73,364
- Total assets, end of year
- $3,289,182
- Total liabilities, end of year
- $2,635,161
- Net assets or fund balances, end of year
- $654,021
- Program services expenses (Part IX)
- $129,310
- Management and general expenses
- $212,210
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $129,310
Program services were 37.9% 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
$72,510
-
2a · Program service revenue: MANAGEMENT FEES
total $80,124 · related or exempt $80,124
-
2b · Program service revenue: RLF INTEREST INCOME
total $35,026 · related or exempt $35,026
-
2c · Program service revenue: MEMBERSHIP DUES
total $20,860 · related or exempt $20,860
-
2d · Program service revenue: FISCAL AGENT ACCOUNTS
total $5,362 · related or exempt $5,362
-
2e · Program service revenue: PROGRAM SERVICE INCOME
total $3,045 · related or exempt $3,045
-
3 · Investment income
total $92 · excluded $92
-
6a · Gross rents
real property $121,224
-
6b · Less rental expenses
real property $210,327
-
6c · Rental income or loss
real property -$89,103
-
6d · Net rental income or loss
total -$89,103 · related or exempt -$89,103
-
11a · Other revenue: BAD DEBT RECOVERY
total $15,739 · related or exempt $15,739
-
11e · Other revenue, total
$15,739
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $69,869 · program services $19,776 · management and general $50,093
-
7 · Other salaries and wages
total $45,401 · program services $19,366 · management and general $26,035
-
9 · Other employee benefits
total $7,528 · management and general $7,528
-
10 · Payroll taxes
total $9,043 · management and general $9,043
-
11a · Fees: management
total $9,519 · program services $4,769 · management and general $4,750
-
11c · Fees: accounting
total $21,568 · management and general $21,568
-
12 · Advertising and promotion
total $5,919 · program services $3,670 · management and general $2,249
-
13 · Office expenses
total $6,363 · program services $880 · management and general $5,483
-
20 · Interest
total $34,877 · program services $26,164 · management and general $8,713
-
22 · Depreciation, depletion and amortization
total $30,186 · management and general $30,186
-
23 · Insurance
total $8,098 · management and general $8,098
-
24a · Other expenses: IRP MANAGEMENT FEES
total $35,724 · program services $35,724
-
24b · Other expenses: REAL ESTATE TAXES
total $19,117 · program services $16,950 · management and general $2,167
-
24c · Other expenses: WRITE NOW ! EXPENSES
total $11,394 · management and general $11,394
-
24d · Other expenses: MEETINGS & EVENTS
total $9,777 · management and general $9,777
-
24e · All other expenses
total $17,137 · program services $2,011 · management and general $15,126
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $367,149 · end of year $351,114
-
2 · Savings and temporary cash investments
beginning of year $316,513 · end of year $199,086
-
4 · Accounts receivable
beginning of year $2,005 · end of year $5,938
-
7 · Other notes and loans receivable
beginning of year $746,086 · end of year $606,883
-
9 · Prepaid expenses and deferred charges
beginning of year $300
-
10a · Land, buildings and equipment: cost or other basis
$3,673,312
-
10b · Land, buildings and equipment: accumulated depreciation
$1,722,961
-
10c · Land, buildings and equipment, net
beginning of year $2,042,219 · end of year $1,950,351
-
15 · Other assets
beginning of year $95,810 · end of year $175,810
-
17 · Accounts payable and accrued expenses
beginning of year $76,091 · end of year $75,891
-
19 · Deferred revenue
beginning of year $21,458 · end of year $17,116
-
23 · Secured mortgages and notes payable
beginning of year $2,620,647 · end of year $2,542,154
-
27 · Net assets without donor restrictions
beginning of year -$1,341,895 · end of year -$1,496,698
-
28 · Net assets with donor restrictions
beginning of year $2,193,781 · end of year $2,150,719
Mission and programs · 2023
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 $129,310 · Revenue $144,417
As filed on the 2023 return.
Listed in Part VII
-
Jac CuddyJAC CUDDY
EXECUTIVE DIRECTOR
- Total calculated
- $69,869
- From this org
- $69,869
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Andrew OrsiniANDREW ORSINI
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Ted KramerTED KRAMER
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Susan PerrySUSAN PERRY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Pat JonesPAT JONES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Scott CunninghamSCOTT CUNNINGHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Josh McAllisterJOSH MCALLISTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kevin RichardKEVIN RICHARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dan OuelletteDAN OUELLETTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gail PaineGAIL PAINE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ron SandstromRON SANDSTROM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mary SeaveyMARY SEAVEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bob BooseBOB BOOSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott BadgerSCOTT BADGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Vicki GarlandVICKI GARLAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Allen GouldALLEN GOULD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ace TarberryACE TARBERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hollie HazzardHOLLIE HAZZARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark BerryMARK BERRY
BOARD MEMBER
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443189349306069
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