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Nonprofiteer
← FOUNDATION FOR A RESILIENT MONTPELIER INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR A RESILIENT MONTPELIER INC.

Totals

Total revenue
$1,702,614
Total expenses
$1,344,732
Contributions and grants received
$1,683,625
Grants paid
$1,340,113
Program service revenue
$0
Investment income
$18,989
Other revenue
$0
Total assets, end of year
$636,555
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$636,555
Program services expenses (Part IX)
$1,340,516
Management and general expenses
$2,622
Fundraising expenses
$1,594
Program service expenses (Part III)
$1,340,516

Program services were 99.7% 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

    $1,683,625

  • 1g · Noncash contributions included above

    $211,113

  • 3 · Investment income

    total $17,474 · excluded $17,474

  • 7a · Gross sales of assets other than inventory

    securities $222,618

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

    securities $221,103

  • 7c · Gain or loss

    securities $1,515

  • 7d · Net gain or loss

    total $1,515 · excluded $1,515

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,340,113 · program services $1,340,113

  • 11c · Fees: accounting

    total $1,426 · management and general $1,426

  • 11g · Fees: other

    total $61 · fundraising $61

  • 12 · Advertising and promotion

    total $2,025 · program services $390 · management and general $102 · fundraising $1,533

  • 13 · Office expenses

    total $1,107 · program services $13 · management and general $1,094

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $81,985 · end of year $291,470

  • 11 · Investments: publicly traded securities

    beginning of year $193,791 · end of year $345,085

  • 27 · Net assets without donor restrictions

    beginning of year $275,776 · end of year $404,727

  • 28 · Net assets with donor restrictions

    end of year $231,828

Mission and programs · 2023

Mission

OUR MISSION IS TO ENHANCE OUR COMMUNITYS ABILITY TO MAKE VALUABLE CAPITAL INVESTMENTS TO IMPROVE THE QUALITY OF LIFE FOR LOCAL RESIDENTS AND VISITORS. WE FUND "BRICK AND MORTAR" PROJECTS THAT HAVE A LASTING IMPACT IN MONTPELIER AND MIGHT NOT OTHERWISE BE FUNDED WITH LIMITED CITY RESOURCES.

Activities or mission (Part I)

TO ENHANCE OUR COMMUNITY'S ABILITY TO MAKE VALUABLE CAPITAL INVESTMENTS TO IMPROVE THE QUALITY OF LIFE FOR LOCAL RESIDENTS AND VISITORS.

  • THE MONTPELIER FOUNDATION SUPPORTS PROJECTS THAT PROVIDE LONG-TERM PUBLIC BENEFITS IN MONTPELIER. FUNDS CAN BE USED FOR THE DESIGN, CONSTRUCTION, OR ACQUISITION OF EDUCATIONAL, RECREATIONAL, TRANSPORTATION, PUBLIC SAFETY, UTILITY, CONSERVATION AND PRESERVATION, AND CULTURAL IMPROVEMENTS HAVING A USEFUL LIFE OF AT LEAST 20 YEARS. WE PLACE A PRIORITY ON PROJECTS WHERE OUR FUNDS CAN MAKE A DIFFERENCE IN FURTHER COMPLETING OR FINISHING A PROJECT.

    Expenses $60,863 · Grants $60,863

  • FLOOD RECOVERY GRANTS - IN JULY 2023, MONTPELIER, VERMONT AND NEIGHBORING TOWNS EXPERIENCED A DEVASTATING FLOODING EVENT THAT AFFECTED MANY BUSINESSES AND RENTAL PROPERTIES. THE ORGANIZATION RAISED OVER 1.5 MILLION TO PROVIDE GRANTS TO LOCAL BUSINESSES TO BE USED FOR CLEAN UP AND REBUILDING EFFORTS.

    Expenses $1,279,653 · Grants $1,279,250

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sarah Jarvis

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Paul Costello

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tim Heney

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Karen Freeman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ben Doyle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Hollar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Golonka

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Ed Flanagan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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

  • HOOD & AYER LLP

    $60,000

    FLOOD RECOVERY

  • MONTPELIER ALIVE

    $53,000

    REVITALIZE DOWNTOWN

  • GOOD FORTUNE ENTERPRISES

    $40,000

    FLOOD RECOVERY

  • CAPSTONE COMMUNITY ACTION

    $25,000

    FLOOD RECOVERY

  • J MORGAN'S STEAKHOUSE

    $24,000

    FLOOD RECOVERY

  • JULIO'S CANTINA

    $24,000

    FLOOD RECOVERY

  • K SHERPA

    $24,000

    FLOOD RECOVERY

  • LANGDON STREET TAVERN

    $24,000

    FLOOD RECOVERY

  • BENT NAILS BISTRO

    $24,000

    FLOOD RECOVERY

  • CAPITAL PLAZA HOTEL

    $24,000

    FLOOD RECOVERY

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349306534

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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