Civic Intelligence

Central Vermont Economic Developmen

990 • Fiscal year 2020 • EIN 03-0260892

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

One National Life Drive PO Box 143Montpelier, VT 05601-1439

(802) 223-4654

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.68x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

2.09x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

28th percentile

-2.9%

Higher net margin than 28% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

62nd percentile

$87,165

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 35.1% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

81st percentile

26%

Faster asset growth than 81% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

72nd percentile

1.5%

Faster revenue growth than 72% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$765,732

Up $159,219 (+26%) from 2019

Net Assets

Down

$246,429

Down $20,899 (-7.8%) from 2019

Liabilities

Up

$519,303

Up $180,118 (+53%) from 2019

Revenue

Up

$248,347

Up $3,554 (+1.5%) from 2019

Expenses

Up

$255,512

Up $9,107 (+3.7%) from 2019

Net Income

Down

-$7,165

Down $5,553 (-344%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $244,705Liabilities 2011: $12,982Net Assets 2011: $231,7232011Assets 2012: $295,498Liabilities 2012: $4,870Net Assets 2012: $290,6282012Assets 2013: $289,445Liabilities 2013: $13,346Net Assets 2013: $276,0992013Assets 2014: $285,623Liabilities 2014: $10,564Net Assets 2014: $275,0592014Assets 2015: $289,377Liabilities 2015: $13,802Net Assets 2015: $275,5752015Assets 2016: $283,688Liabilities 2016: $3,891Net Assets 2016: $279,7972016Assets 2017: $271,115Liabilities 2017: $7,714Net Assets 2017: $263,4012017Assets 2018: $402,738Liabilities 2018: $133,798Net Assets 2018: $268,9402018Assets 2019: $606,513Liabilities 2019: $339,185Net Assets 2019: $267,3282019Assets 2020: $765,732Liabilities 2020: $519,303Net Assets 2020: $246,4292020Assets 2021: $743,752Liabilities 2021: $499,917Net Assets 2021: $243,8352021Assets 2022: $706,920Liabilities 2022: $457,294Net Assets 2022: $249,6262022Assets 2023: $686,091Liabilities 2023: $457,525Net Assets 2023: $228,5662023Assets 2024: $666,162Liabilities 2024: $408,555Net Assets 2024: $257,6072024

Highlighted filing

2020

Assets$765,732
Liabilities$519,303
Net Assets$246,429

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $224,789Expenses 2011: $267,255Net Income 2011: -$42,4662011Revenue 2012: $303,166Expenses 2012: $244,261Net Income 2012: $58,9052012Revenue 2013: $227,875Expenses 2013: $242,404Net Income 2013: -$14,5292013Revenue 2014: $200,824Expenses 2014: $201,864Net Income 2014: -$1,0402014Revenue 2015: $199,723Expenses 2015: $199,207Net Income 2015: $5162015Revenue 2016: $204,821Expenses 2016: $200,598Net Income 2016: $4,2232016Revenue 2017: $196,893Expenses 2017: $213,289Net Income 2017: -$16,3962017Revenue 2018: $243,036Expenses 2018: $231,545Net Income 2018: $11,4912018Revenue 2019: $244,793Expenses 2019: $246,405Net Income 2019: -$1,6122019Revenue 2020: $248,347Expenses 2020: $255,512Net Income 2020: -$7,1652020Revenue 2021: $289,677Expenses 2021: $292,271Net Income 2021: -$2,5942021Revenue 2022: $295,591Expenses 2022: $289,800Net Income 2022: $5,7912022Revenue 2023: $420,153Expenses 2023: $451,255Net Income 2023: -$31,1022023Revenue 2024: $1,763,428Expenses 2024: $1,734,387Net Income 2024: $29,0412024

Highlighted filing

2020

Revenue$248,347
Expenses$255,512
Net Income-$7,165
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.2
Gross Receipts
$248,347
Mission and Program Overview

Mission

Industrial and commercial development

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$202,775$339,527▲ $136,752
Other Notes and Loans Receivable, Net$206,891$234,090▲ $27,199
Savings and Temporary Cash Investments$158,676$164,431▲ $5,755
Accounts Receivable$33,519$21,762▼ $11,757
Prepaid Expenses and Deferred Charges$1,709$3,271▲ $1,562
Intangible Assets$2,943$2,651▼ $292
Total Assets$606,513$765,732▲ $159,219
Liabilities
Unsecured Notes Loans Payable$330,000$494,554▲ $164,554
Accounts Payable and Accrued Expenses$9,185$17,863▲ $8,678
Other Liabilities$0$6,886▲ $6,886
Total Liabilities$339,185$519,303▲ $180,118
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$229,804$197,642▼ $32,162
Net Assets With Donor Restrictions$37,524$48,787▲ $11,263
Total Net Assets Fund Balance$267,328$246,429▼ $20,899
Total Liabilities and Net Assets / Fund Balance$606,513$765,732▲ $159,219
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James StewartExecutive DirectorFT$75,843$11,322$87,165

Board Members and Trustees

NameTitle
Peter RickerChair
Gunner MccainImmediate Past Chair
Robert PattersonVice-chair
Al FloryDirector
Annemarie ToddDirector
Bonnie WaningerDirector
Dave RubelDirector
David WhaleyDirector
Edward LarsonDirector
Francis McfaunDirector
Gary SextonDirector
Jim TringeDirector
John LyonDirector
Keith JonesDirector
Kevin EschelbachDirector
Kevin LordDirector
Marino BartolomeiDirector
Mark NicholsonDirector
Robert PattersonDirector
Robert PopeDirector
Steven Dellinger-pateDirector
Candice WhiteSecretary
Peter HoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$211,716
Program Service Revenue
$17,765
Investment Income
$12,787
Other Revenue
$6,079
All Other Contributions
$16,730
Change in Net Assets
$-7,165

Audited Revenue Reconciliation

Revenue per Audited Statements
$248,347
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$248,347
Total Revenue per Form 990
$248,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$163,051
Other Expenses$72,546
Grants and Similar Amounts Paid$19,915
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$83,133$9,237-$92,370
Other Salaries and Wages$49,912$5,546-$55,458
Grants to Domestic Orgs$19,915--$19,915
Conferences and Meetings$16,826$1,869-$18,695
Fees for Services Other$14,182$1,576-$15,758
Other Expenses$7,961$885-$8,846
Occupancy$7,430$826-$8,256
Other Employee Benefits$6,984$776-$7,760
Payroll Taxes$6,717$746-$7,463
Interest$7,355--$7,355
Office Expenses$5,565$618-$6,183
Insurance$3,324$369-$3,693
Advertising$1,736$193-$1,929
Travel$1,385$154-$1,539
Depreciation Depletion$263$29-$292
Total Functional Expenses$232,688$22,824$0$255,512

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$255,512
Total Expenses per Audited Statements$255,512
Total Expenses per Form 990$255,512
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Vermont Creamery IncWebsterville, VTC CorpPedestrian Crosswalk$15,801
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$6,886
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has corporate members that join cvedc annually by paying a membership contribution that is based on employees.

Form 990, Part VI, Section A, Line 7A

Per the bylaws, the nominating committee (made up of members/directors) elect a slate of directors at the annual meeting.

Form 990, Part VI, Section B, Line 11B

Staff reviewed and edited drafts. A copy will be emailed to the board to review prior to filing.

Form 990, Part VI, Section B, Line 15

Compensation and benefits for staff are reviewed by the executive committee and finance committee at the time of preparing the annual budget in early spring, and approved by the full board.

Form 990, Part VI, Section C, Line 19

Made available upon request.

Filing and Contact Details

Filer

Filer Name
Central Vermont Economic
EIN
03-0260892
Phone
8022234654
Address
ONE NATIONAL LIFE DRIVE PO BOX 143, MONTPELIER, VT 05601-1439

Signing Officer

Name
James Stewart
Title
Executive Director
Phone
8022234654
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Stewart
Formed
1976
Legal Domicile
Vt
Voting Board Members
23
Independent Board Members
23
Employees
9
Volunteers
25

Preparer

Firm
Mudgett Jennett & Krogh-wisner Pc
Address
PO BOX 937, MONTPELIER, VT 05601-0937
Preparer
Erin J Packie CPA
Phone
8022299193
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Cvedc is incorporated and exempt from federal income taxation under section 501(c)(6) of the internal revenue code (the code), though it would be subject to tax on income unrelated to its exempt purposes (unless that income is otherwise excluded by the code). The organization had no liability for uncertain tax positions for the year ended june 30, 2020. The tax years ended june 30, 2019, 2018, and 2017 are still open to audit for both federal and state purposes. Cvedc is not classified as a private foundation.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GovernmentGrantsAmt0170042
IRS990/GrantAmt019915
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt019915
IRS990/GrantsToDomesticOrgsGrp/TotalAmt019915
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0248347
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0369
IRS990/InsuranceGrp/ProgramServicesAmt03324
IRS990/InsuranceGrp/TotalAmt03693
IRS990/IntangibleAssetsGrp/BOYAmt02943
IRS990/IntangibleAssetsGrp/EOYAmt02651
IRS990/InterestGrp/ProgramServicesAmt07355
IRS990/InterestGrp/TotalAmt07355
IRS990/InvestmentIncomeGrp/ExclusionAmt012787
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012787
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VT
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt024944
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0INDUSTRIAL AND COMMERCIAL DEVELOPMENT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0267328
IRS990/NetAssetsOrFundBalancesEOYAmt0246429
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0229804
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0197642
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0826
IRS990/OccupancyGrp/ProgramServicesAmt07430
IRS990/OccupancyGrp/TotalAmt08256
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0618
IRS990/OfficeExpensesGrp/ProgramServicesAmt05565
IRS990/OfficeExpensesGrp/TotalAmt06183
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0776
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06984
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07760
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0885
IRS990/OtherExpensesGrp/ProgramServicesAmt07961
IRS990/OtherExpensesGrp/TotalAmt08846
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt06886
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06079
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06079
IRS990/OtherRevenueTotalAmt06079
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05546
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049912
IRS990/OtherSalariesAndWagesGrp/TotalAmt055458
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0206891
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0234090
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0746
IRS990/PayrollTaxesGrp/ProgramServicesAmt06717
IRS990/PayrollTaxesGrp/TotalAmt07463
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01709
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03271
IRS990/PrincipalOfficerNm0JAMES STEWART
IRS990/PriorPeriodAdjustmentsAmt0-13734
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/Desc0EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017765
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017765
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0209865
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05912
IRS990/PYOtherExpensesAmt071297
IRS990/PYOtherRevenueAmt04396
IRS990/PYProgramServiceRevenueAmt024620
IRS990/PYRevenuesLessExpensesAmt0-1612
IRS990/PYSalariesCompEmpBnftPaidAmt0175108
IRS990/PYTotalExpensesAmt0246405
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0244793
IRS990/ReconcilationRevenueExpnssAmt0-7165
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt023844
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0158676
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0164431
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0255512
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06886
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0248347
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CVEDC IS INCORPORATED AND EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (THE CODE), THOUGH IT WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES (UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE). THE ORGANIZATION HAD NO LIABILITY FOR UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2020. THE TAX YEARS ENDED JUNE 30, 2019, 2018, AND 2017 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. CVEDC IS NOT CLASSIFIED AS A PRIVATE FOUNDATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0255512
IRS990ScheduleD/TotalLiabilityAmt06886
IRS990ScheduleD/TotalRevenuePerForm990Amt0248347

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.67$0.41$0.26$1.76$1.73$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.69$0.46$0.23$0.42$0.45$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.71$0.46$0.25$0.30$0.29$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.50$0.24$0.29$0.29$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.52$0.25$0.25$0.26$0.01
2019Summary only. Only limited summary data is available for this year.$0.61$0.34$0.27$0.24$0.25$0.00
2018Summary only. Only limited summary data is available for this year.$0.40$0.13$0.27$0.24$0.23$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.01$0.26$0.20$0.21$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.20$0.20$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$0.20$0.20$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$0.20$0.20$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.01$0.28$0.23$0.24$0.01
2012Summary only. Only limited summary data is available for this year.$0.30$0.00$0.29$0.30$0.24$0.06
2011Summary only. Only limited summary data is available for this year.$0.24$0.01$0.23$0.22$0.27$0.04