Program areas at Franklin County Industrial Development Corporation
To provide rental space in a multi-tenant building to businesses for the purpose of promoting economic development in Franklin County
To provide loans to area businesses and municipalities for acquisition and expansion purposesTo provide revolving loans for the creation of employment opportunities and/or the maintenance of existing jobs, particularly for the benefit of low income persons, displaced farm families and farm families needing to supplement their income. These funds are to be used for the purchase or expansion of land, buildings, machinery or equipment, start-up costs, feasibility studies or other working capital.
To provide rental space to businesses in order to further encourage the development of industry in Franklin County
Personnel at Franklin County Industrial Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Tim Smith | Board Member | | 2023-10-05 |
| Timothy Smith | Officer | $0 | 2023-11-09 |
| Leon Berthiaume | Treasurer | $0 | 2023-10-05 |
| Evan Branon | Board Member | $106,694 | 2023-10-05 |
| Kevin Manahan | Vice Chair | $0 | 2023-10-05 |
| ...and 6 more key personnel |
Financials for Franklin County Industrial Development Corporation
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $374,053 | $277,180 | 34.9% |
| Program services | $1,805,560 | $2,127,446 | -15.1% |
| Investment income and dividends | $20,700 | $19,662 | 5.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-1,512,246 | $0 | -999% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $94,966 | $57,641 | 64.8% |
| Total revenues | $783,033 | $2,481,929 | -68.5% |
Organizations like Franklin County Industrial Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Hocking County Community Improvement Corporation | 501(c)(4) | Logan, OH | $952,597 |
| Livingston County Development Corporation | 501(c)(4) | Geneseo, NY | $784,839 |
| Aurora Downtown | 501(c)(4) | Aurora, IL | $295,045 |
| Rahway Arts and Business Partnership | 501(c)(4) | Rahway, NJ | $253,450 |
| Downtown Jackson Partners | 501(c)(4) | Jackson, MS | $1,115,817 |
| Arizona Multibank Community Development Corporation | 501(c)(4) | Phoenix, AZ | $619,919 |
| Near Southside | 501(c)(4) | Fort Worth, TX | $3,324,230 |
| Penmar Development Corporation | 501(c)(4) | Cascade, MD | $264,465 |
| Springboard Group | 501(c)(4) | Lake Oswego, OR | $270,381 |
| Delaware County Economic Development Oversight Board | 501(c)(4) | Media, PA | $1,728,811 |
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 20, 2024
Updated personnel
Identified 2 new personnel
October 5, 2023
Updated personnel
Identified 4 new personnel
July 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingManagement and technical assistance
General information
- Address
- PO Box 1099
- St Albans, VT 05478
- Metro area
- Burlington-South Burlington, VT
- County
- Franklin County, VT
- Website URL
- fcidc.com/Â
- Phone
- (802) 524-2194
IRS details
- EIN
- 51-0192568
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1979
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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