Program areas at Greater Burlington Industrial Corp Cioffi
The corporation's purpose is promoting Industrial development, creating quality jobs and assisting in workforce development in the chittenden county, Vermont area.
Other functions of the corporation include administration, administration of agency arrangements and other indirect management services.
The corporation provides administrative support for an affiliated non- profit organization. Cynosure,inc. Serves as the financial arm of the Greater Burlington Industrial corporation as it assists businesses in obtaining real estate financing and contracts to build, and also leases plant space in the Greater Burlington, Vermont area.
Who funds Greater Burlington Industrial Corp Cioffi
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| Cynosure | 2023-06 | General Support | $597,000 |
Personnel at Greater Burlington Industrial Corp Cioffi
| Name | Title | Compensation | Date of data |
|---|
| Alex Demoly | Vice President | | 2024-10-22 |
| Curt Carter | Senior Vice President | | 2024-10-22 |
| Tim Shea | Chairperson | $0 | 2024-10-22 |
| Frank Cioffi | President | $197,880 | 2024-10-22 |
| Ernest A Pomerleau | Treasurer | $0 | 2023-06-30 |
| ...and 4 more key personnel |
Financials for Greater Burlington Industrial Corp Cioffi
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $799,952 | $767,272 | 4.3% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $57,670 | $46,666 | 23.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $47,983 | $13,004 | 269% |
| Net gain from sale of non-inventory assets | $-18,564 | $29,134 | -163.7% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $887,041 | $856,076 | 3.6% |
Organizations like Greater Burlington Industrial Corp Cioffi
| Organization | Type | Location | Revenue |
|---|
| Downtown Tempe Authority | 501(c)(6) | Tempe, AZ | $2,933,931 |
| Community Improvement Corporation of Ottawa County | 501(c)(6) | Oak Harbor, OH | $551,248 |
| York County Development Corporation | 501(c)(6) | York, NE | $1,803,441 |
| Charles City Area Development Corporation | 501(c)(6) | Charles City, IA | $247,131 |
| Community Improvement Corp of Defiance County | 501(c)(6) | Defiance, OH | $406,784 |
| IREDELL COUNTY Economic Development Corporation | 501(c)(6) | Mooresville, NC | $991,880 |
| Iberia Industrial Development Foundation | 501(c)(6) | New Iberia, LA | $417,779 |
| Naperville Development Partnership | 501(c)(6) | Naperville, IL | $1,084,544 |
| Greater Dubuque Development Corporation | 501(c)(6) | Dubuque, IA | $1,753,137 |
| Development Corporation of Austin | 501(c)(6) | Austin, MN | $505,143 |
Data update history
January 5, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 4, 2024
Updated personnel
Identified 2 new personnel
January 1, 2024
Received grants
Identified 1 new grant, including a grant for $597,000 from Cynosure November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 7, 2023
Updated personnel
Identified 9 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingManagement and technical assistance
General information
- Address
- 60 Main St
- Burlington, VT 05401
- Metro area
- Burlington-South Burlington, VT
- County
- Chittenden County, VT
- Website URL
- gbicvt.org/home/Â
- Phone
- (802) 862-5726
IRS details
- EIN
- 03-0188746
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1954
- 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
- Central organization
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