Civic Intelligence

Lake Champlain Islands Economic Development Corporation

990EZ • Fiscal year 2023 • EIN 32-0390821

Oct 01, 2022 to Sep 30, 2023 • Filed on Jul 16, 2024

3501 US Route 2North Hero, VT 05474

(802) 372-1795

Siviq Scores

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

Liabilities / Assets

91st percentile

0.46x

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

0.46x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

28th percentile

-9.8%

Higher net margin than 28% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

86th percentile

$48,048

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 33.3% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

26th percentile

-12%

Faster asset growth than 26% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

42nd percentile

1.6%

Faster revenue growth than 42% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$145,939

Down $20,827 (-12%) from 2022

Net Assets

Down

$79,110

Down $14,187 (-15%) from 2022

Liabilities

Down

$66,829

Down $6,640 (-9.0%) from 2022

Revenue

Up

$144,223

Up $2,302 (+1.6%) from 2022

Expenses

Up

$158,410

Up $4,900 (+3.2%) from 2022

Net Income

Down

-$14,187

Down $2,598 (-22%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2014: $162,285Liabilities 2014: $84,541Net Assets 2014: $77,7442014Assets 2015: $158,419Liabilities 2015: $81,477Net Assets 2015: $76,9422015Assets 2016: $165,139Liabilities 2016: $78,767Net Assets 2016: $86,3722016Assets 2017: $160,118Liabilities 2017: $76,482Net Assets 2017: $83,6362017Assets 2018: $191,693Liabilities 2018: $72,109Net Assets 2018: $119,5842018Assets 2019: $189,295Liabilities 2019: $68,350Net Assets 2019: $120,9452019Assets 2020: $173,741Liabilities 2020: $63,553Net Assets 2020: $110,1882020Assets 2021: $166,381Liabilities 2021: $61,495Net Assets 2021: $104,8862021Assets 2022: $166,766Liabilities 2022: $73,469Net Assets 2022: $93,2972022Assets 2023: $145,939Liabilities 2023: $66,829Net Assets 2023: $79,1102023Assets 2024: $139,229Liabilities 2024: $60,468Net Assets 2024: $78,7612024

Highlighted filing

2023

Assets$145,939
Liabilities$66,829
Net Assets$79,110

Operations Trend

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

$200K$100K$0-$100KRevenue 2014: $105,012Expenses 2014: $86,445Net Income 2014: $18,5672014Revenue 2015: $111,113Expenses 2015: $111,915Net Income 2015: -$8022015Revenue 2016: $121,946Expenses 2016: $112,516Net Income 2016: $9,4302016Revenue 2017: $91,059Expenses 2017: $93,795Net Income 2017: -$2,7362017Revenue 2018: $126,855Expenses 2018: $90,907Net Income 2018: $35,9482018Revenue 2019: $119,105Expenses 2019: $117,744Net Income 2019: $1,3612019Revenue 2020: $119,381Expenses 2020: $130,138Net Income 2020: -$10,7572020Revenue 2021: $128,642Expenses 2021: $133,944Net Income 2021: -$5,3022021Revenue 2022: $141,921Expenses 2022: $153,510Net Income 2022: -$11,5892022Revenue 2023: $144,223Expenses 2023: $158,410Net Income 2023: -$14,1872023Revenue 2024: $197,293Expenses 2024: $197,642Net Income 2024: -$3492024

Highlighted filing

2023

Revenue$144,223
Expenses$158,410
Net Income-$14,187
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jul 16, 2024
Return Version
2022v5.0
Gross Receipts
$144,223
Mission and Program Overview

Mission

Deliver economic development services to Grand Isle County, VT

To deliver economic development services to grand isle county, vt

Program Services

DescriptionGrantsExpenses
ECONOMIC DEVELOPMENT SERVICES THROUGH SMALL BUSINESS COUNSELING, OFFERING FREE WORKSHOPS AND FREE TRAINING FOR THE LOCAL WORKFORCE, AND PROVIDING STATE AND FEDERAL RESOURCES TO LOCAL BUSINESSES.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANDREW JULOWExecutive DirectorFT$48,048-$48,048
DAN FARNHAMDirector-$0--
MELISSA MORISSETTEDirector-$0--
JASON HANNYDirector-$0--
EMBER BOYLEDirector-$0--
NATE HAYWARDDirector-$0--
HEATHER DARBYDirector-$0--
PHIL SCOTTDirector-$0--
KAREN MCCLOUDPresident-$0--
LARRY DUBINTreasurer-$0--
Political and Lobbying Activity
In-house lobbying only
Yes
Filing and Contact Details

Filer

Filer Name
Lake Champlain Islands Economic
EIN
32-0390821
Phone
8023721795
Address
3501 US ROUTE 2, NORTH HERO, VT 05474

Signing Officer

Name
Andrew Julow
Title
Executive Director
Phone
8023721795
Signed
2024-07-16
Discuss with paid preparer
Yes

Preparer

Firm
Mcsoley Mccoy & Co
Address
118 TILLEY DRIVE STE 202, SOUTH BURLINGTON, VT 05403
Preparer
Connie Fellion
Phone
8026581808
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income . Amount: 34.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: misc. Income . Amount: 60. Description: rental income. Amount: 15,450. Total to form 990-ez, line 8: 15,510.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: dues & subscriptions . Amount: 2,338. Description: travel & meetings . Amount: 4,558. Description: insurance . Amount: 7,040. Description: advertisement . Amount: 15,173. Description: sponsorships . Amount: 775. Description: bank & processing fees . Amount: 720. Description: office supplies . Amount: 5,868. Description: mortgage interest . Amount: 2,976. Description: depreciation expense. Amount: 4,229. Total to form 990-ez, line 16: 43,677.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: mortgage payable . Beg. Of year amount: 71,141. End of year amount: 65,037. Description: payroll liabilities . Beg. Of year amount: 2,328. End of year amount: 1,792.

Raw XML Appendix172 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ANDREW JULOW
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0CHAMPLAINISLANDS.COM
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME . AMOUNT: 34.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MISC. INCOME . AMOUNT: 60. DESCRIPTION: RENTAL INCOME. AMOUNT: 15,450. TOTAL TO FORM 990-EZ, LINE 8: 15,510.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUES & SUBSCRIPTIONS . AMOUNT: 2,338. DESCRIPTION: TRAVEL & MEETINGS . AMOUNT: 4,558. DESCRIPTION: INSURANCE . AMOUNT: 7,040. DESCRIPTION: ADVERTISEMENT . AMOUNT: 15,173. DESCRIPTION: SPONSORSHIPS . AMOUNT: 775. DESCRIPTION: BANK & PROCESSING FEES . AMOUNT: 720. DESCRIPTION: OFFICE SUPPLIES . AMOUNT: 5,868. DESCRIPTION: MORTGAGE INTEREST . AMOUNT: 2,976. DESCRIPTION: DEPRECIATION EXPENSE. AMOUNT: 4,229. TOTAL TO FORM 990-EZ, LINE 16: 43,677.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: MORTGAGE PAYABLE . BEG. OF YEAR AMOUNT: 71,141. END OF YEAR AMOUNT: 65,037. DESCRIPTION: PAYROLL LIABILITIES . BEG. OF YEAR AMOUNT: 2,328. END OF YEAR AMOUNT: 1,792.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW JULOW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08023721795
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE CHAMPLAIN ISLANDS ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0320390821
ReturnHeader/Filer/PhoneNum08023721795
ReturnHeader/Filer/USAddress/AddressLine1Txt03501 US ROUTE 2
ReturnHeader/Filer/USAddress/CityNm0NORTH HERO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005474
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030327374
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCSOLEY MCCOY & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0118 TILLEY DRIVE STE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTH BURLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005403
ReturnHeader/PreparerPersonGrp/PhoneNum08026581808
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CONNIE FELLION
ReturnHeader/ReturnTs02024-07-26T08:19:35-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

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Filings