Civic Intelligence

Cynosure Inc

990 • Fiscal year 2020 • EIN 03-6005859

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 23, 2020

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

26th percentile

0.03x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

42nd percentile

0.14x

Higher debt load relative to revenue than 42% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

81st percentile

21%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

71st percentile

$209,609

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 21.5% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

33rd percentile

-0.0%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

83rd percentile

7.1%

Faster revenue growth than 83% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$4,471,915

Down $2,193 (-0.0%) from 2019

Net Assets

Up

$4,336,069

Up $213,385 (+5.2%) from 2019

Liabilities

Down

$135,846

Down $215,578 (-61%) from 2019

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin81st percentile

Revenue

Up

$976,245

Up $64,671 (+7.1%) from 2019

Expenses

Up

$775,497

Up $40,498 (+5.5%) from 2019

Net Income

Up

$200,748

Up $24,173 (+14%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2020

Assets$4,471,915
Liabilities$135,846
Net Assets$4,336,069
Open 2020 Filing

Operations Trend

Revenue Growth83rd 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

2020

Revenue$976,245
Expenses$775,497
Net Income$200,748
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 23, 2020
Return Version
2019v5.0
Gross Receipts
$1,187,087
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$2,622,725$2,355,911▼ $266,814
Investments in Publicly Traded Securities$1,571,141$1,616,455▲ $45,314
Savings and Temporary Cash Investments$179,583$249,713▲ $70,130
Cash and Non-Interest-Bearing Accounts$32,046$158,366▲ $126,320
Accounts Receivable$12,789$45,659▲ $32,870
Intangible Assets$36,326$30,272▼ $6,054
Prepaid Expenses and Deferred Charges$8,781$9,827▲ $1,046
Other Notes and Loans Receivable, Net$10,717$5,712▼ $5,005
Total Assets$4,474,108$4,471,915▼ $2,193
Liabilities
Mortgage Notes Payable Secured by Investment Property$298,947$85,923▼ $213,024
Accounts Payable and Accrued Expenses$27,842$25,288▼ $2,554
Other Liabilities$24,635$24,635→ $0
Total Liabilities$351,424$135,846▼ $215,578
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,122,684$4,336,069▲ $213,385
Total Net Assets Fund Balance$4,122,684$4,336,069▲ $213,385
Total Liabilities and Net Assets / Fund Balance$4,474,108$4,471,915▼ $2,193

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,818,814$4,314,799$6,133,613
Land$519,622-$519,622
Equipment$17,475$15,302$32,777
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeOtherTotal
Frank CioffiPresident, SPT$209,609$209,609

Board Members and Trustees

NameTitle
David BradburyChairperson
Frank CioffiPresident, Secretary
Lisa VentrissVice Chairpe
Brad AldrichDirector
CHRIS D'ELIADirector
Dan SmithDirector
Ethan BechtelDirector
Mary SprayregenDirector
Rich SmithDirector
Ernest a PomerleauTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$930,854
Investment Income
$45,391
Other Revenue
$0
Change in Net Assets
$200,748

Audited Revenue Reconciliation

Revenue per Audited Statements
$976,245
Revenue Not Reported on Form 990
$-12,637
Total Revenue per Audited Statements
$963,608
Total Revenue per Form 990
$976,245
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$553,500
Other Expenses$221,997
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$553,500
Depreciation Depletion---$99,001
Advertising---$38,046
Fees for Services Accounting---$14,500
Fees for Service Investment Mgmnt Fees---$12,077
Interest---$10,974
Fees for Services Legal---$6,166
Conferences and Meetings---$2,281
Office Expenses---$893
Other Expenses---$105
Total Functional Expenses$0$0$0$775,497

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$775,497
Total Expenses per Audited Statements$775,497
Total Expenses per Form 990$775,497
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Burlington Industrial CorpBurlington, VT6General Support$553,500
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$24,635
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 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, 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, Secretary
Phone
8028625726
Signed
2020-11-23
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
11

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 irs form 990, return of the 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, 2017. 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, 2020 and 2019.”

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IRS990/OtherLiabilitiesGrp/BOYAmt024635
IRS990/OtherLiabilitiesGrp/EOYAmt024635
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05712
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08781
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IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0930854
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0930854
IRS990/ProgSrvcAccomActy2Grp/Desc0LEASING OF AFFORDABLE INDUSTRIAL DEVELOPMENT PROPERTY TO PROMOTE BUSINESS IN THE AREA.
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IRS990/PYGrantsAndSimilarPaidAmt0551000
IRS990/PYInvestmentIncomeAmt019780
IRS990/PYOtherExpensesAmt0183999
IRS990/PYProgramServiceRevenueAmt0891794
IRS990/PYRevenuesLessExpensesAmt0176575
IRS990/PYTotalExpensesAmt0734999
IRS990/PYTotalRevenueAmt0911574
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IRS990/ReconcilationRevenueExpnssAmt0200748
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IRS990/RelatedEntityInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0249713
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt04314799
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06133613
IRS990ScheduleD/EquipmentGrp/BookValueAmt017475
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015302
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032777
IRS990ScheduleD/ExpensesSubtotalAmt0775497
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0519622
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0519622
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-12637
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024635
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENTAL DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt0-12637
IRS990ScheduleD/RevenueSubtotalAmt0976245
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CYNOSURE ANNUALLY FILES IRS FORM 990, RETURN OF THE 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, 2017. 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, 2020 AND 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02355911
IRS990ScheduleD/TotalExpensesPerForm990Amt0775497
IRS990ScheduleD/TotalLiabilityAmt024635
IRS990ScheduleD/TotalRevenuePerForm990Amt0976245
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0963608
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0775497
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0553500
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
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IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0179702
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt05391
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt024516
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRANK CIOFFI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT, SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0209609
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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/InvolvedAmt0553500
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0GREATER BURLINGTON INDUSTRIAL CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0GREATER BURLINGTON INDUSTRIAL CORP
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04474108
IRS990/TotalAssetsEOYAmt04471915
IRS990/TotalAssetsGrp/BOYAmt04474108
IRS990/TotalAssetsGrp/EOYAmt04471915
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0775497
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0351424
IRS990/TotalLiabilitiesEOYAmt0135846
IRS990/TotalLiabilitiesGrp/BOYAmt0351424
IRS990/TotalLiabilitiesGrp/EOYAmt0135846
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04122684
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04336069
IRS990/TotalOtherCompensationAmt029907
IRS990/TotalProgramServiceRevenueAmt0930854
IRS990/TotalRevenueGrp/ExclusionAmt045391
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0930854
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0976245
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04474108
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04471915
IRS990/TotReportableCompRltdOrgAmt0179702
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK CIOFFI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT, SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08028625726

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,471,915
Liabilities
$135,846
Net assets
$4,336,069
Revenue
$976,245
Expenses
$775,497
Net income
$200,748
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