Civic Intelligence

Cynosure Inc

990 • Fiscal year 2015 • EIN 03-6005859

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 01, 2015

Organization ProfileWWW.GBICVT.ORG
60 Main Street PO Box 786Burlington, VT 05402

(802) 862-5726

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.14x

Higher debt load relative to assets than 43% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

1.12x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

3rd percentile

-43%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

73rd percentile

$205,363

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 36.7% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

35th percentile

-1.2%

Faster asset growth than 35% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

69th percentile

9.0%

Faster revenue growth than 69% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$4,372,499

Down $53,358 (-1.2%) from 2014

Net Assets

Down

$3,744,275

Down $242,744 (-6.1%) from 2014

Liabilities

Up

$628,224

Up $189,386 (+43%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin3rd percentile

Revenue

Up

$559,174

Up $46,287 (+9.0%) from 2014

Expenses

Down

$801,918

Down $81,701 (-9.2%) from 2014

Net Income

Up

-$242,744

Up $127,988 (+35%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $5,312,741Liabilities 2011: $584,778Net Assets 2011: $4,727,9632011Assets 2012: $5,079,608Liabilities 2012: $450,800Net Assets 2012: $4,628,8082012Assets 2013: $6,060,761Liabilities 2013: $1,703,010Net Assets 2013: $4,357,7512013Assets 2014: $4,425,857Liabilities 2014: $438,838Net Assets 2014: $3,987,0192014Assets 2015: $4,372,499Liabilities 2015: $628,224Net Assets 2015: $3,744,2752015Assets 2016: $4,240,707Liabilities 2016: $564,194Net Assets 2016: $3,676,5132016Assets 2017: $4,262,010Liabilities 2017: $496,004Net Assets 2017: $3,766,0062017Assets 2018: $4,328,974Liabilities 2018: $445,534Net Assets 2018: $3,883,4402018Assets 2019: $4,474,108Liabilities 2019: $351,424Net Assets 2019: $4,122,6842019Assets 2020: $4,471,915Liabilities 2020: $135,846Net Assets 2020: $4,336,0692020Assets 2021: $5,080,705Liabilities 2021: $124,959Net Assets 2021: $4,955,7462021Assets 2022: $5,004,315Liabilities 2022: $136,226Net Assets 2022: $4,868,0892022Assets 2023: $5,234,982Liabilities 2023: $41,031Net Assets 2023: $5,193,9512023Assets 2024: $5,801,212Liabilities 2024: $76,484Net Assets 2024: $5,724,7282024Assets 2025: $6,022,409Liabilities 2025: $117,434Net Assets 2025: $5,904,9752025

Highlighted filing

2015

Assets$4,372,499
Liabilities$628,224
Net Assets$3,744,275
Open 2015 Filing

Operations Trend

Revenue Growth69th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $716,4042011Expenses 2012: $704,6202012Revenue 2013: $505,302Expenses 2013: $776,359Net Income 2013: -$271,0572013Revenue 2014: $512,887Expenses 2014: $883,619Net Income 2014: -$370,7322014Revenue 2015: $559,174Expenses 2015: $801,918Net Income 2015: -$242,7442015Revenue 2016: $656,669Expenses 2016: $724,431Net Income 2016: -$67,7622016Revenue 2017: $812,773Expenses 2017: $723,280Net Income 2017: $89,4932017Revenue 2018: $867,176Expenses 2018: $749,742Net Income 2018: $117,4342018Revenue 2019: $911,574Expenses 2019: $734,999Net Income 2019: $176,5752019Revenue 2020: $976,245Expenses 2020: $775,497Net Income 2020: $200,7482020Revenue 2021: $1,088,875Expenses 2021: $763,920Net Income 2021: $324,9552021Revenue 2022: $1,124,725Expenses 2022: $821,023Net Income 2022: $303,7022022Revenue 2023: $1,094,499Expenses 2023: $923,748Net Income 2023: $170,7512023Revenue 2024: $1,203,313Expenses 2024: $967,706Net Income 2024: $235,6072024Revenue 2025: $1,220,550Expenses 2025: $1,174,828Net Income 2025: $45,7222025

Highlighted filing

2015

Revenue$559,174
Expenses$801,918
Net Income-$242,744
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 1, 2015
Return Version
2014v5.0
Gross Receipts
$559,174
Mission and Program Overview

Mission

To unify and coordinate public and private efforts directed toward the attraction, encouragement, financing and development of private industry and commerce within the greater burlington area and other municipalities of chittenden county for the purpose of promoting, increasing and stabilizing opportunities for gainful employment, improvement of economic conditions and general welfare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,865,540$2,929,502▲ $63,962
Savings and Temporary Cash Investments$1,524,117$1,421,807▼ $102,310
Accounts Receivable$26,354$9,984▼ $16,370
Cash and Non-Interest-Bearing Accounts$8,239$9,471▲ $1,232
Prepaid Expenses and Deferred Charges$1,607$1,735▲ $128
Total Assets$4,425,857$4,372,499▼ $53,358
Liabilities
Mortgage Notes Payable Secured by Investment Property$394,424$524,605▲ $130,181
Accounts Payable and Accrued Expenses$18,579$63,984▲ $45,405
Other Liabilities$25,835$39,635▲ $13,800
Total Liabilities$438,838$628,224▲ $189,386
Net Assets / Fund Balance
Unrestricted Net Assets$3,987,019$3,744,275▼ $242,744
Total Net Assets Fund Balance$3,987,019$3,744,275▼ $242,744
Total Liabilities and Net Assets / Fund Balance$4,425,857$4,372,499▼ $53,358

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,409,880$3,717,829$6,127,709
Land$519,622-$519,622
Equipment-$2,894$2,894
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Frank CioffiPresident, SPT$205,363$205,363

Board Members and Trustees

NameTitle
Glen a WrightChairman
Frank CioffiPresident, Secretary
David BradburyVice Chair
Brad AldrichDirector
CHRIS D'ELIADirector
Lisa VentrissDirector
Rich SmithDirector
Steve HackettDirector
Steve TerryDirector
Ernest a PomerleauTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$555,338
Investment Income
$3,836
Other Revenue
$0
Change in Net Assets
$-242,744

Audited Revenue Reconciliation

Revenue per Audited Statements
$559,174
Total Revenue per Audited Statements
$559,174
Total Revenue per Form 990
$559,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$480,000
Other Expenses$321,918
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$480,000
Depreciation Depletion---$133,320
Fees for Services Legal---$18,289
Interest---$16,271
Office Expenses---$9,805
Fees for Services Accounting---$8,250
Conferences and Meetings---$7,806
Travel---$5,562
Fees for Services Other---$2,250
Advertising---$1,637
Other Expenses---$6
Total Functional Expenses$0$0$0$801,918

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$801,918
Total Expenses per Audited Statements$801,918
Total Expenses per Form 990$801,918
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Burlington Industrial CorpBurlington, VT6General Support$480,000
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
Rental Deposits$39,635
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 11B

“The return preparer makes the final version of form 990 available to all members of the board by posting the tax return on a secure web protal that all members have access to with a username and password.”

Form 990, Page 6, Part VI, Line 12C

“Cynosure annually distributes a conflict of interest policy and throughout the year practices are closely monitored.”

Form 990, Page 6, Part VI, Line 15A

“The organization contracts with a related party for management services and contract amounts are approved by the board of directors each year.”

Form 990, Page 6, Part VI, Line 15B

“The organization contracts with a related party for management services and contract amounts are approved by the board of directors each year.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents available to the general public by providing copies upon request.”

Filing and Contact Details

Filer

Filer Name
Cynosure Inc
EIN
03-6005859
Phone
8028625726
Address
60 MAIN STREET PO BOX 786, BURLINGTON, VT 05402

Signing Officer

Name
Frank Cioffi
Title
President
Phone
8028625726
Signed
2015-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Cioffi
Formed
1955
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
15

Preparer

Firm
Davis & Hodgdon Associates Cpas Plc
Address
33 BLAIR PARK RD STE 201, WILLISTON, VT 05495
Preparer
Bret Hodgdon
Phone
8028781963
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To unify and coordinate public and private efforts directed toward the attraction, encouragement, financing and development of private industry and commerce within the greater burlington area and other municipalities of chittenden county for the purpose of promoting, increasing and stabilizing opportunities for gainful employment, improvement of economic conditions and general welfare.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Cynosure annually files an irs form 990, return of organization exempt from income tax, tax return in the u.s. Federal jurisdiction. Cynosure is no longer subject to u.s. Federal income tax examination by tax authorities for the years prior to june 30, 2012. In the normal course of business, cynosure is subject to examination by various taxing authorities. Although the outcome of tax audits is always uncertain, the management of cynosure believes that there are no significant unrecognized tax liabilities at june 30, 2015 and 2014.”

Raw XML AppendixShowing 400 of 412 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt018579
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt063984
IRS990/AccountsReceivableGrp/BOYAmt026354
IRS990/AccountsReceivableGrp/EOYAmt09984
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO UNIFY AND COORDINATE PUBLIC AND PRIVATE EFFORTS DIRECTED TOWARD THE ATTRACTION, ENCOURAGEMENT, FINANCING AND DEVELOPMENT OF PRIVATE INDUSTRY AND COMMERCE WITHIN THE GREATER BURLINGTON AREA AND OTHER MUNICIPALITIES OF CHITTENDEN COUNTY FOR THE PURPOSE OF PROMOTING, INCREASING AND STABILIZING OPPORTUNITIES FOR GAINFUL EMPLOYMENT, IMPROVEMENT OF ECONOMIC CONDITIONS AND GENERAL WELFARE.
IRS990/AdvertisingGrp/TotalAmt01637
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0FRANK CIOFFI PRESIDENT
IRS990/BooksInCareOfDetail/PhoneNum08028625726
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt060 MAIN STREET PO BOX 786
IRS990/BooksInCareOfDetail/USAddress/CityNm0BURLINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd005402
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt08239
IRS990/CashNonInterestBearingGrp/EOYAmt09471
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt07806
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0480000
IRS990/CYInvestmentIncomeAmt03836
IRS990/CYOtherExpensesAmt0321918
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0555338
IRS990/CYRevenuesLessExpensesAmt0-242744
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0801918
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0559174
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0133320
IRS990/Desc0FINANCING OF INDUSTRIAL DEVELOPMENT LOANS AND RECEIVABLES TO VARIOUS QUALIFIED BUSINESSES THROUGHOUT THE GREATER BURLINGTON, VT AREA.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt08250
IRS990/FeesForServicesLegalGrp/TotalAmt018289
IRS990/FeesForServicesOtherGrp/TotalAmt02250
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt920.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt973303
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID BRADBURY
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVE HACKETT
IRS990/Form990PartVIISectionAGrp/PersonNm2ERNEST A POMERLEAU
IRS990/Form990PartVIISectionAGrp/PersonNm3RICH SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm4GLEN A WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm5BRAD ALDRICH
IRS990/Form990PartVIISectionAGrp/PersonNm6CHRIS D'ELIA
IRS990/Form990PartVIISectionAGrp/PersonNm7STEVE TERRY
IRS990/Form990PartVIISectionAGrp/PersonNm8LISA VENTRISS
IRS990/Form990PartVIISectionAGrp/PersonNm9FRANK CIOFFI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9132060
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT, S
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0480000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0559174
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/TotalAmt016271
IRS990/InvestmentIncomeGrp/ExclusionAmt03836
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03836
IRS990/InvestmentInJointVentureInd0true
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03720723
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02865540
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02929502
IRS990/LandBldgEquipCostOrOtherBssAmt06650225
IRS990/LegalDomicileStateCd0VT
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO UNIFY AND COORDINATE PUBLIC AND PRIVATE EFFORTS DIRECTED TOWARD THE ATTRACTION, ENCOURAGEMENT, FINANCING AND DEVELOPMENT OF PRIVATE INDUSTRY AND COMMERCE WITHIN THE GREATER BURLINGTON AREA AND OTHER MUNICIPALITIES OF CHITTENDEN COUNTY FOR THE PURPOSE OF PROMOTING, INCREASING AND STABILIZING OPPORTUNITIES FOR GAINFUL EMPLOYMENT, IMPROVEMENT OF ECONOMIC CONDITIONS AND GENERAL WELFARE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0394424
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0524605
IRS990/NetAssetsOrFundBalancesBOYAmt03987019
IRS990/NetAssetsOrFundBalancesEOYAmt03744275
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/TotalAmt09805
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0INVESTMENT PROPERTY OPERA
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP DUES
IRS990/OtherExpensesGrp/Desc2AD HOC CONTRIBUTIONS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt0115372
IRS990/OtherExpensesGrp/TotalAmt12850
IRS990/OtherExpensesGrp/TotalAmt2500
IRS990/OtherExpensesGrp/TotalAmt36
IRS990/OtherLiabilitiesGrp/BOYAmt025835
IRS990/OtherLiabilitiesGrp/EOYAmt039635
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01607
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01735
IRS990/PrincipalOfficerNm0FRANK CIOFFI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0555338
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0555338
IRS990/ProgSrvcAccomActy2Grp/Desc0LEASING OF AFFORDABLE INDUSTRIAL DEVELOPMENT PROPERTY TO PROMOTE BUSINESS IN THE AREA.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0471298
IRS990/PYInvestmentIncomeAmt04489
IRS990/PYOtherExpensesAmt0412321
IRS990/PYOtherRevenueAmt010380
IRS990/PYProgramServiceRevenueAmt0498018
IRS990/PYRevenuesLessExpensesAmt0-370732
IRS990/PYTotalExpensesAmt0883619
IRS990/PYTotalRevenueAmt0512887
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-242744
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01524117
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01421807
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02409880
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03717829
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06127709
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02894
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02894
IRS990ScheduleD/ExpensesSubtotalAmt0801918
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0519622
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0519622
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039635
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENTAL DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0559174
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CYNOSURE ANNUALLY FILES AN IRS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, TAX RETURN IN THE U.S. FEDERAL JURISDICTION. CYNOSURE IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATION BY TAX AUTHORITIES FOR THE YEARS PRIOR TO JUNE 30, 2012. IN THE NORMAL COURSE OF BUSINESS, CYNOSURE IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES. ALTHOUGH THE OUTCOME OF TAX AUDITS IS ALWAYS UNCERTAIN, THE MANAGEMENT OF CYNOSURE BELIEVES THAT THERE ARE NO SIGNIFICANT UNRECOGNIZED TAX LIABILITIES AT JUNE 30, 2015 AND 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02929502
IRS990ScheduleD/TotalExpensesPerForm990Amt0801918
IRS990ScheduleD/TotalLiabilityAmt039635
IRS990ScheduleD/TotalRevenuePerForm990Amt0559174
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0559174
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0801918
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0480000
IRS990ScheduleI/RecipientTable/IRCSectionDesc06
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GREATER BURLINGTON INDUSTRIAL CORP
IRS990ScheduleI/RecipientTable/RecipientEIN0030188746
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt060 MAIN STREET PO BOX 786
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BURLINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd005402
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0132060
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt054341
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018962
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRANK CIOFFI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT, SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0205363
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS FOR THE RELATED PARTY, GREATER BURLINGTON INDUSTRIAL CORP, INC., EVALUATES AND APPROVES COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1FRANK CIOFFI 0 54,341 0
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE J, PAGE 1, PART I, LINE 4
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO UNIFY AND COORDINATE PUBLIC AND PRIVATE EFFORTS DIRECTED TOWARD THE ATTRACTION, ENCOURAGEMENT, FINANCING AND DEVELOPMENT OF PRIVATE INDUSTRY AND COMMERCE WITHIN THE GREATER BURLINGTON AREA AND OTHER MUNICIPALITIES OF CHITTENDEN COUNTY FOR THE PURPOSE OF PROMOTING, INCREASING AND STABILIZING OPPORTUNITIES FOR GAINFUL EMPLOYMENT, IMPROVEMENT OF ECONOMIC CONDITIONS AND GENERAL WELFARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN PREPARER MAKES THE FINAL VERSION OF FORM 990 AVAILABLE TO ALL MEMBERS OF THE BOARD BY POSTING THE TAX RETURN ON A SECURE WEB PROTAL THAT ALL MEMBERS HAVE ACCESS TO WITH A USERNAME AND PASSWORD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CYNOSURE ANNUALLY DISTRIBUTES A CONFLICT OF INTEREST POLICY AND THROUGHOUT THE YEAR PRACTICES ARE CLOSELY MONITORED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONTRACTS WITH A RELATED PARTY FOR MANAGEMENT SERVICES AND CONTRACT AMOUNTS ARE APPROVED BY THE BOARD OF DIRECTORS EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION CONTRACTS WITH A RELATED PARTY FOR MANAGEMENT SERVICES AND CONTRACT AMOUNTS ARE APPROVED BY THE BOARD OF DIRECTORS EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC BY PROVIDING COPIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GREATER BURLINGTON INDUSTRIAL CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0GREATER BURLINGTON INDUSTRIAL CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0030188746
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 786
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt0PO BOX 786
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BURLINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd005402
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0480000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0GREATER BURLINGTON INDUSTRIAL CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0GREATER BURLINGTON INDUSTRIAL CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04425857
IRS990/TotalAssetsEOYAmt04372499
IRS990/TotalAssetsGrp/BOYAmt04425857
IRS990/TotalAssetsGrp/EOYAmt04372499
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0801918
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0438838
IRS990/TotalLiabilitiesEOYAmt0628224
IRS990/TotalLiabilitiesGrp/BOYAmt0438838
IRS990/TotalLiabilitiesGrp/EOYAmt0628224
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03987019
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03744275
IRS990/TotalOtherCompensationAmt073303
IRS990/TotalProgramServiceRevenueAmt0555338
IRS990/TotalRevenueGrp/ExclusionAmt03836
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0555338
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0559174
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04425857
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04372499
IRS990/TotReportableCompRltdOrgAmt0132060
IRS990/TravelGrp/TotalAmt05562
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03987019
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03744275
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt060 MAIN STREET PO BOX 786
IRS990/USAddress/CityNm0BURLINGTON
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005402
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.GBICVT.ORG
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK CIOFFI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08028625726
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CYNOSURE INC
ReturnHeader/Filer/BusinessNameControlTxt0CYNO
ReturnHeader/Filer/EIN0036005859
ReturnHeader/Filer/PhoneNum08028625726
ReturnHeader/Filer/USAddress/AddressLine1Txt060 MAIN STREET PO BOX 786
ReturnHeader/Filer/USAddress/CityNm0BURLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005402
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030325875
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVIS & HODGDON ASSOCIATES CPAS PLC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,372,499
Liabilities
$628,224
Net assets
$3,744,275
Revenue
$559,174
Expenses
$801,918
Net income
-$242,744
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.02$0.12$5.90$1.22$1.17$0.05
2024Detailed filing. Detailed filing data is available for this year.$5.80$0.08$5.72$1.20$0.97$0.24
2023Detailed filing. Detailed filing data is available for this year.$5.23$0.04$5.19$1.09$0.92$0.17
2022Detailed filing. Detailed filing data is available for this year.$5.00$0.14$4.87$1.12$0.82$0.30
2021Detailed filing. Detailed filing data is available for this year.$5.08$0.12$4.96$1.09$0.76$0.32
2020Detailed filing. Detailed filing data is available for this year.$4.47$0.14$4.34$0.98$0.78$0.20
2019Detailed filing. Detailed filing data is available for this year.$4.47$0.35$4.12$0.91$0.73$0.18
2018Detailed filing. Detailed filing data is available for this year.$4.33$0.45$3.88$0.87$0.75$0.12
2017Detailed filing. Detailed filing data is available for this year.$4.26$0.50$3.77$0.81$0.72$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.24$0.56$3.68$0.66$0.72$0.07
2015Detailed filing. Detailed filing data is available for this year.$4.37$0.63$3.74$0.56$0.80$0.24
2014Detailed filing. Detailed filing data is available for this year.$4.43$0.44$3.99$0.51$0.88$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.06$1.70$4.36$0.51$0.78$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.08$0.45$4.63$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.31$0.58$4.73$0.72