EIN 03-0264949

Chamber and Economic Development

IRS 501(c) type
501(c)(6)
Num. employees
10
City
Rutland
State
Year formed
1977
Most recent tax filings
2023-09-01
Description
Chamber and Economic Development of the Rutland region (CEDRR) utilizes collaboration, creativity, and ingenuity to create a regional economic climate that promotes business growth. CEDRR achieves this goal by recruiting talent and businesses of all kinds, growing and retaining employers. Additionally, CEDRR creates a bridge to community and cultural organizations. Facilitating the expansion, relocation, and retention of business and industry in the area is the core function of Rutland Economic Development Corporation doing business as CEDRR.
Also known as...
Rutland Economic Development Corporation
Total revenues
$2,069,858
2023
Total expenses
$1,166,276
2023
Total assets
$3,964,933
2023
Num. employees
10
2023

Program areas at Chamber and Economic Development

Rutland Economic Development corporation does business as the Chamber & Economic Development of the Rutland region(cedrr). The primary goal of cedrr is to facilitate the expansion, relocation and retention of business and industry in the area. A core function of cedrr is to expand and create partnerships and strategic alliances to provide technical assistance for starting and growing small businesses. To help fulfill this function, cedrr provides fixed-rate loans through its revolving loan fund. The revolving loan fund provides businesses with loans between 5,000 250,000. As loans are repaid, they are reinvested by cedrr in the form of new loans to other businesses. Cedrr also works with other partners such as Vermont Economic Development authority (veda) and the u.s. small business administration (sba) as well as private and alternative lenders. Cedrr also provides technical support, workforce training and Development programs and business planning support to businesses throughout the region by providing resources for business financing, assisting with job postings and internship opportunities, creating workforce training programs, and providing a makerspace for people who get new businesses up and running. The services noted above are intended to create a bridge between business and community to promote healthy and vibrant neighborhoods and enhance the quality of life in Rutland county. Cedrr fulfills this part of their mission but hosting events and activities throughout the year and by being a hub of resources for those living and working in the region. To further its work in creating vibrant communities, cedrr launched real Rutland after identifying the need to increase our workforce and overall population in Rutland county to support the necessary business growth. Real Rutland is made up of real people who live, work, and play in Rutland county, Vermont. Cedrr staff and its dedicated volunteers are passionate about this region, and all are proud to call Rutland county home. Since the birth of real Rutland, cedrr have seen over 100 individuals relocate, specifically through the real Rutland concierge program. Start-up Rutland was launched in 2023. Start-up Rutland is an eda funded program to help small businesses and entrepreneurs to start and maintain business Development skills. The program offers educational classes to the local community members to help increase the knowledge of the local workforce. Cedrr's regional marketing program has been doing wonders with helping families that are interested in moving to the area through concierge and weekend getaway programs. Cedrr's community events program has exceeded expectations with the success of bringing people out into the community with the Rutland region. While birnging new and returning individuals into the area, it has highlighted sales and service of downtown Rutland and has shown support of local businesses.

Who funds Chamber and Economic Development

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Rutland Regional Medical Center (RRMC)Comm Health Improv$33,400

Personnel at Chamber and Economic Development

NameTitleCompensation
Kelley RobinsonDirector$0
Lyle JepsonExecutive Director$108,172
Nicole KesselringSecretary$0
Karen GarrowTreasurer$0
Russ MarsanVice President$0
...and 8 more key personnel

Financials for Chamber and Economic Development

RevenuesFYE 09/2023
Total grants, contributions, etc.$1,790,148
Program services$279,272
Investment income and dividends$35,074
Tax-exempt bond proceeds$0
Royalty revenue$18,882
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-68,723
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$15,205
Total revenues$2,069,858

Form 990s for Chamber and Economic Development

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-13990View PDF
2022-092023-07-13990View PDF
2021-092022-08-15990View PDF
2020-092021-08-17990View PDF
2019-092020-12-01990View PDF
...and 9 more Form 990s

Organizations like Chamber and Economic Development

OrganizationLocationRevenue
Monahans Chamber of CommerceMonahans, TX$535,616
Paso Robles Chamber of CommercePaso Robles, CA$582,875
Chamber of Commerce of Alexander CityAlexander City, AL$586,489
Big Sky Chamber of CommerceBig Sky, MT$1,150,758
Maury County Chamber and Economic AllianceColumbia, TN$872,737
Terrell Chamber of CommerceTerrell, TX$1,128,711
Dawson County Chamber of CommerceDawsonville, GA$1,119,503
Greater Ottumwa Partners in ProgressOttumwa, IA$868,971
Bismarck-Mandan Development AssociationBismarck, ND$991,416
Chamber and Development Council of Crawford CountyDenison, IA$655,564
Data update history
September 21, 2024
Updated personnel
Identified 5 new personnel
September 23, 2023
Received grants
Identified 1 new grant, including a grant for $21,755 from Rutland Regional Medical Center (RRMC)
August 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 19, 2023
Updated personnel
Identified 4 new personnel
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsChambers of commerceBusiness and community development organizations
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
MembershipsFundraising eventsState / local levelReceives government funding
General information
Address
67 Merchants Row Suite 104
Rutland, VT 05701
County
Rutland County, VT
Website URL
rutlandvermont.com/ 
Phone
(802) 773-2747
IRS details
EIN
03-0264949
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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