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EIN 03-6005859

Cynosure

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Burlington
State
Vermont
Year formed
1955
Most recent tax filings
2023-06-01
NTEE code, primary
S30: Economic Development
Description
Cynosure unifies and coordinates public and private efforts towards the attraction, encouragement, financing, and development of private industry and commerce in Chittenden County. It finances industrial development loans and receivables for qualified businesses throughout Greater Burlington. Additionally, Cynosure promotes business in the area through affordable leasing of industrial development property.
Related structure
Cynosure is a subordinate organization under Greater Burlington Industrial Corp Cioffi.
Total revenues
$1,094,499
2023
Total expenses
$923,748
2023
Total assets
$5,234,982
2023
Num. employees
0
2023

Program areas at Cynosure

Financing of industrial development loans and receivables to various qualified businesses throughout the greater burlington, vt area.
Leasing of affordable industrial development property to promote business in the area.

Grants made by Cynosure

GranteeGrant descriptionAmount
Greater Burlington Industrial Corp CioffiGeneral Support$597,000

Personnel at Cynosure

NameTitleCompensation
Curt CarterSenior Vice President
Sam AndersenExecutive Vice President
Howard DeanExecutive Director
Frank CioffiPresident , Secretary$0
Ernest A PomerleauTreasurer$0
...and 4 more key personnel

Financials for Cynosure

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$1,026,298
Investment income and dividends$97,014
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-28,813
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,094,499

Form 990s for Cynosure

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-14990View PDF
2022-062022-11-07990View PDF
2021-062022-05-11990View PDF
2020-062021-06-30990View PDF
2019-062020-02-18990View PDF
...and 9 more Form 990s
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
February 17, 2022
Updated personnel
Identified 5 new personnel
October 16, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelNo full-time employees
General information
Address
60 Main St PO Box 786
Burlington, VT 05401
Metro area
Burlington-South Burlington, VT
County
Chittenden County, VT
Website URL
gbicvt.org/home/ 
Phone
(802) 862-5726
IRS details
EIN
03-6005859
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1955
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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