Civic Intelligence

Northeast Kingdom Development Corporation

990 • Fiscal year 2024 • EIN 03-0330497

Apr 01, 2023 to Mar 31, 2024 • Filed on Feb 13, 2025

Organization ProfileNONE
51 Depot Square STE Suite 1Saint Johnsbury, VT 05819

(802) 748-5181

Siviq Scores

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

Liabilities / Assets

88th percentile

0.73x

Higher debt load relative to assets than 88% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

1.99x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

88th percentile

45%

Higher net margin than 88% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

99th percentile

714%

Faster asset growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

1100%

Faster revenue growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$9,879,587

Up $8,666,411 (+714%) from 2023

Net Assets

Up

$2,620,339

Up $2,232,505 (+576%) from 2023

Liabilities

Up

$7,259,248

Up $6,433,906 (+780%) from 2023

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin88th percentile

Revenue

Up

$3,643,607

Up $3,339,950 (+1100%) from 2023

Expenses

Up

$2,019,357

Up $1,632,716 (+422%) from 2023

Net Income

Up

$1,624,250

Up $1,707,234 (+2057%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$10M$5.0M$0Assets 2012: $345,552Liabilities 2012: $2,450Net Assets 2012: $343,1022012Assets 2013: $236,827Liabilities 2013: $330Net Assets 2013: $236,4972013Assets 2014: $196,924Liabilities 2014: $330Net Assets 2014: $196,5942014Assets 2015: $255,017Liabilities 2015: $0Net Assets 2015: $255,0172015Assets 2016: $195,701Liabilities 2016: $193,807Net Assets 2016: $1,8942016Assets 2017: $136,389Liabilities 2017: $134,489Net Assets 2017: $1,9002017Assets 2023: $1,213,176Liabilities 2023: $825,342Net Assets 2023: $387,8342023Assets 2024: $9,879,587Liabilities 2024: $7,259,248Net Assets 2024: $2,620,3392024Assets 2025: $9,226,381Liabilities 2025: $3,913,093Net Assets 2025: $5,313,2882025

Highlighted filing

2024

Assets$9,879,587
Liabilities$7,259,248
Net Assets$2,620,339
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $62,6532012Revenue 2013: $1,576Expenses 2013: $108,181Net Income 2013: -$106,6052013Revenue 2014: $9,633Expenses 2014: $49,536Net Income 2014: -$39,9032014Revenue 2015: $106,875Expenses 2015: $48,452Net Income 2015: $58,4232015Revenue 2016: $6Expenses 2016: $5Net Income 2016: $12016Revenue 2017: $6Expenses 2017: $0Net Income 2017: $62017Revenue 2023: $303,657Expenses 2023: $386,641Net Income 2023: -$82,9842023Revenue 2024: $3,643,607Expenses 2024: $2,019,357Net Income 2024: $1,624,2502024Revenue 2025: $3,819,342Expenses 2025: $549,448Net Income 2025: $3,269,8942025

Highlighted filing

2024

Revenue$3,643,607
Expenses$2,019,357
Net Income$1,624,250
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Feb 13, 2025
Return Version
2023v6.0
Gross Receipts
$3,643,607
Mission and Program Overview

Mission

To foster, encourage and assist the physical location of business enterprises within the states of vermont and new hampshire

Fostering, encouraging and assisting the physical location of business enterprises within the States of Vermont and New Hampshire and having its principal purpose be industrial and economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net-$7,865,430-
Land, Buildings, and Equipment, Net$1,015,230$1,015,230→ $0
Cash and Non-Interest-Bearing Accounts$15,782$578,215▲ $562,433
Pledges and Grants Receivable-$250,000-
Accounts Receivable$182,164$155,984▼ $26,180
Savings and Temporary Cash Investments-$14,728-
Total Assets$1,213,176$9,879,587▲ $8,666,411
Liabilities
Mortgage Notes Payable Secured by Investment Property$708,539$7,179,217▲ $6,470,678
Accounts Payable and Accrued Expenses$116,803$76,928▼ $39,875
Other Liabilities-$3,103-
Total Liabilities$825,342$7,259,248▲ $6,433,906
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$387,834$2,620,339▲ $2,232,505
Total Net Assets Fund Balance$387,834$2,620,339▲ $2,232,505
Total Liabilities and Net Assets / Fund Balance$1,213,176$9,879,587▲ $8,666,411

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$915,230-$915,230
Other Land Buildings$100,000-$100,000
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Aminta ConantPresident
Richard IsabelleVice President
David SnedekerDirector
Eric RemickDirector
Tom RobinsonTreasurer / Director
Kimberly ButlerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,513,056
Program Service Revenue
$5,040
Investment Income
$61,924
Other Revenue
$63,587
All Other Contributions
$897
Change in Net Assets
$1,624,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,019,357
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$472,601--$472,601
Other Expenses$81,562--$81,562
Office Expenses$24,443--$24,443
Fees for Services Legal$23,244--$23,244
Insurance$13,267--$13,267
Occupancy$7,587--$7,587
Total Functional Expenses$2,019,357$0$0$2,019,357
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$3,103
Building Permits for Cabot Fitup-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
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, Line 12B

“All members of the Board or Staff shall also disclose to Northeast Kingdom Development Corporation, on a continuing basis, all their relationships and business affiliations that reasonably could give rise to a conflict of interest involving Northeast Kingdom Development Corporation.”

Filing and Contact Details

Filer

Filer Name
Northeast Kingdom Development Corporation
EIN
03-0330497
Phone
8027485181
Address
51 Depot Square STE Suite 1, Saint Johnsbury, VT 05819

Signing Officer

Name
Aminta Conant
Title
President
Phone
8027485181
Signed
2025-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aminta Conant
Formed
1991
Legal Domicile
Vt
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
RHR Smith & Company CPA's
Address
3 Old Orchard Road, Buxton, ME 04093
Preparer
Danielle N O'Neill
Phone
2079294606
Supplemental Narrative

Additional Explanations

Form 990, Part II, Line 12C

“All required disclosures to be made on a continuing basis must be directed in writing to the Corporate Counsel or the Chairman of the Board, who shall have responsibility for the administration of this conflict of interest policy.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All members of the Board or Staff shall also disclose to Northeast Kingdom Development Corporation, on a continuing basis, all their relationships and business affiliations that reasonably could give rise to a conflict of interest involving Northeast Kingdom Development Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All required disclosures to be made on a continuing basis must be directed in writing to the Corporate Counsel or the Chairman of the Board, who shall have responsibility for the administration of this conflict of interest policy.
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01213176
IRS990/TotalAssetsEOYAmt09879587
IRS990/TotalAssetsGrp/BOYAmt01213176
IRS990/TotalAssetsGrp/EOYAmt09879587
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03513056
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02019357
IRS990/TotalFunctionalExpensesGrp/TotalAmt02019357
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0825342
IRS990/TotalLiabilitiesEOYAmt07259248
IRS990/TotalLiabilitiesGrp/BOYAmt0825342
IRS990/TotalLiabilitiesGrp/EOYAmt07259248
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0387834
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02620339
IRS990/TotalProgramServiceExpensesAmt02019357
IRS990/TotalProgramServiceRevenueAmt05040
IRS990/TotalRevenueGrp/ExclusionAmt061924
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt068627
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03643607
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01213176
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09879587
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt051 Depot Square STE Suite 1
IRS990/USAddress/CityNm0Saint Johnsbury
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005819
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Aminta Conant
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08027485181
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Northeast Kingdom Development Corporation
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0030330497
ReturnHeader/Filer/PhoneNum08027485181
ReturnHeader/Filer/USAddress/AddressLine1Txt051 Depot Square STE Suite 1
ReturnHeader/Filer/USAddress/CityNm0Saint Johnsbury
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005819
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043383155
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RHR Smith & Company CPA's
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03 Old Orchard Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Buxton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004093
ReturnHeader/PreparerPersonGrp/PhoneNum02079294606
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Danielle N O'Neill
ReturnHeader/ReturnTs02025-02-13T02:24:13-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-04-01
ReturnHeader/TaxPeriodEndDt02024-03-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,879,587
Liabilities
$7,259,248
Net assets
$2,620,339
Revenue
$3,643,607
Expenses
$2,019,357
Net income
$1,624,250
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.23$3.91$5.31$3.82$0.55$3.27
2024Detailed filing. Detailed filing data is available for this year.$9.88$7.26$2.62$3.64$2.02$1.62
2023Detailed filing. Detailed filing data is available for this year.$1.21$0.83$0.39$0.30$0.39$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.14$0.13$0.00$0.00$0.00$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.19$0.00$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.11$0.05$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.01$0.05$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.00$0.24$0.00$0.11$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.00$0.34$0.06