Civic Intelligence

Albany Community Trust Inc.

990EZ • Fiscal year 2019 • EIN 82-4708126

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 26, 2020

PO Box 509Albany, VT 05820

(802) 586-9902

Siviq Scores

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

Liabilities / Assets

88th percentile

0.38x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

0.80x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$264,626

No earlier filing loaded for comparison.

Net Assets

$164,626

No earlier filing loaded for comparison.

Liabilities

$100,000

No earlier filing loaded for comparison.

Revenue

$124,790

No earlier filing loaded for comparison.

Expenses

$55,985

No earlier filing loaded for comparison.

Net Income

$68,805

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2019: $264,626Liabilities 2019: $100,000Net Assets 2019: $164,6262019Assets 2020: $762,516Liabilities 2020: $151,185Net Assets 2020: $611,3312020Assets 2021: $877,711Liabilities 2021: $7,100Net Assets 2021: $870,6112021Assets 2022: $856,748Liabilities 2022: $2,531Net Assets 2022: $854,2172022

Highlighted filing

2019

Assets$264,626
Liabilities$100,000
Net Assets$164,626

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2019: $124,790Expenses 2019: $55,985Net Income 2019: $68,8052019Revenue 2020: $438,547Expenses 2020: $40,466Net Income 2020: $398,0812020Revenue 2021: $320,690Expenses 2021: $61,410Net Income 2021: $259,2802021Revenue 2022: $26,957Expenses 2022: $43,351Net Income 2022: -$16,3942022

Highlighted filing

2019

Revenue$124,790
Expenses$55,985
Net Income$68,805
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 26, 2020
Return Version
2019v5.1
Gross Receipts
$125,631
Mission and Program Overview

Mission

Dedicated to supporting positive growth and increased vibrancy in the town of albany, vt.

Program Services

DescriptionGrantsExpenses
OUR MOST SIGNIFICANT ACTIVITY IS OUR PROJECT TO RENOVATE AND RE-OPEN THE ALBANY GENERAL STORE.$0$49,764
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HANNAH PEARCEPresident-$0--
KRISTIN URIEVice President-$0--
ROB DEWEESVice President-$0--
KRISTEN FOUNTAINTreasurer-$0--
LARRY BOHENSecretary-$0--
DANIELLE SUKKAEWMember-$0--
Filing and Contact Details

Filer

Filer Name
Albany Community Trust Inc
EIN
82-4708126
Phone
8025869902
Address
PO BOX 509, ALBANY, VT 05820

Signing Officer

Name
Kristen Fountain
Title
Treasurer
Phone
8025869902
Signed
2020-10-26
Discuss with paid preparer
Yes

Preparer

Firm
M Stuart & Associates Inc
Address
206 S MAIN ST, HARDWICK, VT 05843
Preparer
Michael Stuart CPA
Phone
8024726192
Supplemental Narrative

Additional Explanations

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

Description: interest income. Amount: 333.

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

Description: office. Amount: 262. Description: insurance. Amount: 2,215. Description: advertising. Amount: 103. Total to form 990-ez, line 16: 2,580.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 3,507. Description: undeposited funds. Beg. Of year amount: 0. End of year amount: 5,000. Description: prepaid expenses. Beg. Of year amount: 0. End of year amount: 10,000.

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

Description: long-term note payable. Beg. Of year amount: 0. End of year amount: 100,000.

Raw XML Appendix181 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/PersonNm0HANNAH PEARCE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KRISTIN URIE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LARRY BOHEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5DANIELLE SUKKAEW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 333.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OFFICE. AMOUNT: 262. DESCRIPTION: INSURANCE. AMOUNT: 2,215. DESCRIPTION: ADVERTISING. AMOUNT: 103. TOTAL TO FORM 990-EZ, LINE 16: 2,580.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 3,507. DESCRIPTION: UNDEPOSITED FUNDS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 5,000. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 10,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: LONG-TERM NOTE PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 100,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
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/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum08025869902
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBANY COMMUNITY TRUST INC
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ReturnHeader/Filer/EIN0824708126
ReturnHeader/Filer/PhoneNum08025869902
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ReturnHeader/FilingSecurityInformation/IPTm008:44:57
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273335038
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M STUART & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0206 S MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HARDWICK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005843
ReturnHeader/PreparerPersonGrp/PhoneNum08024726192
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL STUART CPA
ReturnHeader/ReturnTs02020-11-03T11:23:57-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings