Civic Intelligence

Elmore Community Trust Inc

EIN 85-0623566 • 501(c)3 • Lake Elmore, VT

Profile

The elmore community trust is comprised of devoted elmore residents with a goal of caring for places that make elmore special, and to bring in the types of businesses, organizations, and residents that contribute positively to our vibrant rural community.

PO Box 97Lake Elmore, VT 05657

www.elmorecommunitytrust.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.06x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.25x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

94th percentile

70%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

79th percentile

23%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

83rd percentile

49%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Up

$679,883

Up $93,452 (+16%) from 2023

Liabilities

Down

$40,000

Down $20,000 (-33%) from 2023

Net Assets

Up

$639,883

Up $113,452 (+22%) from 2023

Revenue

Up

$163,175

Up $1,906 (+1.2%) from 2023

Expenses

Up

$49,723

Up $8,826 (+22%) from 2023

Net Income

Down

$113,452

Down $6,920 (-5.7%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2021: $404,988Liabilities 2021: $40,000Net Assets 2021: $364,9882021Assets 2022: $446,059Liabilities 2022: $40,000Net Assets 2022: $406,0592022Assets 2023: $586,431Liabilities 2023: $60,000Net Assets 2023: $526,4312023Assets 2024: $679,883Liabilities 2024: $40,000Net Assets 2024: $639,8832024

Highlighted filing

2024

Assets$679,883
Liabilities$40,000
Net Assets$639,883

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Revenue 2021: $345,334Expenses 2021: $10,039Net Income 2021: $335,2952021Revenue 2022: $73,560Expenses 2022: $32,489Net Income 2022: $41,0712022Revenue 2023: $161,269Expenses 2023: $40,897Net Income 2023: $120,3722023Revenue 2024: $163,175Expenses 2024: $49,723Net Income 2024: $113,4522024

Highlighted filing

2024

Revenue$163,175
Expenses$49,723
Net Income$113,452

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$176,559
Mission and Program Overview

Mission

The elmore community trust is comprised of devoted elmore residents with a goal of caring for places that make elmore special, and to bring in the types of businesses, organizations, and residents that contribute positively to our vibrant rural community.

The elmore community trust (ect) is a newly formed 501(c)3 non-profit organization comprised of devoted elmore residents with a goal of caring for places that make elmore special, and to bring in the types of businesses, organizations, and residents that contribute positively to our vibrant rural community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$502,804$587,433▲ $84,629
Cash and Non-Interest-Bearing Accounts$41,774$59,706▲ $17,932
Loans From Officers Directors$60,000$40,000▼ $20,000
Other Notes and Loans Receivable, Net$41,853$32,744▼ $9,109
Total Assets$586,431$679,883▲ $93,452
Liabilities
Total Liabilities$60,000$40,000▼ $20,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$526,431$639,883▲ $113,452
Total Net Assets Fund Balance$526,431$639,883▲ $113,452
Total Liabilities and Net Assets / Fund Balance$586,431$679,883▲ $93,452

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$423,252$24,540$447,792
Land$164,181-$164,181
Compensation and Service Providers

Board Members and Trustees

NameTitle
Blair MarvinPresident
Caleb SuddabyDirector
Charlotte BuchananDirector
Jamie DisabitinoDirector
Jon OsborneDirector
Kate SpragueDirector
Trevor BraunSecretary
Jason McleanTreasurer
Mark IsselhardtVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$110,850
Program Service Revenue
$10,250
Investment Income
$46,731
Other Revenue
$-4,656
All Other Contributions
$96,481
Change in Net Assets
$113,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$49,723
Total Fundraising Expense$11
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$12,454--$12,454
Occupancy$12,120--$12,120
Insurance$2,329$1,825-$4,154
Advertising$3,743--$3,743
Fees for Services Accounting-$1,600-$1,600
Office Expenses$838$192$11$1,041
Interest$973--$973
Other Expenses$492--$492
All Other Expenses$475--$475
Fees for Services Other-$300-$300
Total Functional Expenses$45,795$3,917$11$49,723
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,384
Fundraising Gross Income$8,728
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gravel Grinder$23,097$8,728$4,842$3,886
Total Events$23,097$8,728$13,384$-4,656
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$60,000$40,000▼ $20,000
Governance and Compliance

Governance Checklist

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

Board of directors will review the 990 before it is filed with the irs.

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

No board members shall place themselves in any position that is or appears to be a conflict of interest with the mission of the corporation. A conflict of interest may exist when a board member has authority or responsibility in some matter in which the board member, or a member of the board member immediate family, has a substantial personal or financial interest that may inhibit or appear to inhibit the board member's ability to act in the interests of the corporation. A board member who has a definite or potential conflict of interest with their responsibilities and/or obligations shall disclose such conflict of interest to the full board of directors and recuse themselves from votes or actions on that issue.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Form 990, Part VIII

Details on the sale of tax credits reported on form 990, part viii, line 7: amount of proceeds: 45,000 type of tax credit: downtown village tax credit puchaser of the tax credit: union bank use of proceeds: used exclusively for ada/fire code remediation work on the building, primarily electrical upgrades

Filing and Contact Details

Filer

Filer Name
Elmore Community Trust Inc
EIN
85-0623566
Phone
8027931924
Address
PO BOX 97, LAKE ELMORE, VT 05657

Signing Officer

Name
Trevor Braun
Title
Secretary
Phone
8027931924
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trevor Braun
Formed
2020
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
34

Preparer

Firm
Marckres Norder and Company Inc
Address
PO BOX 732, MORRISVILLE, VT 05661
Preparer
Deborah L Verzilli CPA
Phone
8028887781
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The elmore community trust is comprised of devoted elmore residents with a goal of caring for places that make elmore special, and to bring in the types of businesses, organizations, and residents that contribute positively to our vibrant rural community.

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

YES

Schedule D, Page 1, Part II, Line 9

The 40,000 received in 2023 for conservation easement was included in other contributions, gifts, grants and similar amounts received. The remaining 60,089 was received in 2024 and treated similarly. There are no audited, compiled, or reviewed financial statements, so there is no footnote describing the organization's accounting for the conservation easement.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0110850
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0164826
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt064491
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0345666
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0685833
IRS990ScheduleA/TotalSupportAmt0714127
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0423252
IRS990ScheduleD/BuildingsGrp/DepreciationAmt024540
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0447792
IRS990ScheduleD/HistoricStrctrEasementsAftrCnt01
IRS990ScheduleD/HistoricStructureEasementsCnt01
IRS990ScheduleD/HistoricStructureInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0164181
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0164181
IRS990ScheduleD/Section170hRqrStsfdInd0true
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0YES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 40,000 RECEIVED IN 2023 FOR CONSERVATION EASEMENT WAS INCLUDED IN OTHER CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS RECEIVED. THE REMAINING 60,089 WAS RECEIVED IN 2024 AND TREATED SIMILARLY. THERE ARE NO AUDITED, COMPILED, OR REVIEWED FINANCIAL STATEMENTS, SO THERE IS NO FOOTNOTE DESCRIBING THE ORGANIZATION'S ACCOUNTING FOR THE CONSERVATION EASEMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 1, PART II, LINE 5
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 1, PART II, LINE 9
IRS990ScheduleD/TotalAcreageCnt00.19
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0587433
IRS990ScheduleD/TotalEasementsCnt01
IRS990ScheduleD/WrittenPolicyMonitoringInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt014369
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt014369
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013384
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt06000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GRAVEL GRINDER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02542
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02542
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023097
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt023097
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt08728
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt08728
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-4656
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04842
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04842
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt025000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt115000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0PRESERVATION TRUST OF VERMONT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0BUILDING PURCHASE & CASH FLOW
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1BUILDING PURCHASE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt025000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt115000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0TREAVOR BRAUN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1CONTRIBUTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt040000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ELMORE COMMUNITY TRUST IS COMPRISED OF DEVOTED ELMORE RESIDENTS WITH A GOAL OF CARING FOR PLACES THAT MAKE ELMORE SPECIAL, AND TO BRING IN THE TYPES OF BUSINESSES, ORGANIZATIONS, AND RESIDENTS THAT CONTRIBUTE POSITIVELY TO OUR VIBRANT RURAL COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS WILL REVIEW THE 990 BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO BOARD MEMBERS SHALL PLACE THEMSELVES IN ANY POSITION THAT IS OR APPEARS TO BE A CONFLICT OF INTEREST WITH THE MISSION OF THE CORPORATION. A CONFLICT OF INTEREST MAY EXIST WHEN A BOARD MEMBER HAS AUTHORITY OR RESPONSIBILITY IN SOME MATTER IN WHICH THE BOARD MEMBER, OR A MEMBER OF THE BOARD MEMBER IMMEDIATE FAMILY, HAS A SUBSTANTIAL PERSONAL OR FINANCIAL INTEREST THAT MAY INHIBIT OR APPEAR TO INHIBIT THE BOARD MEMBER'S ABILITY TO ACT IN THE INTERESTS OF THE CORPORATION. A BOARD MEMBER WHO HAS A DEFINITE OR POTENTIAL CONFLICT OF INTEREST WITH THEIR RESPONSIBILITIES AND/OR OBLIGATIONS SHALL DISCLOSE SUCH CONFLICT OF INTEREST TO THE FULL BOARD OF DIRECTORS AND RECUSE THEMSELVES FROM VOTES OR ACTIONS ON THAT ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DETAILS ON THE SALE OF TAX CREDITS REPORTED ON FORM 990, PART VIII, LINE 7: AMOUNT OF PROCEEDS: 45,000 TYPE OF TAX CREDIT: DOWNTOWN VILLAGE TAX CREDIT PUCHASER OF THE TAX CREDIT: UNION BANK USE OF PROCEEDS: USED EXCLUSIVELY FOR ADA/FIRE CODE REMEDIATION WORK ON THE BUILDING, PRIMARILY ELECTRICAL UPGRADES
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VIII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0586431
IRS990/TotalAssetsEOYAmt0679883
IRS990/TotalAssetsGrp/BOYAmt0586431
IRS990/TotalAssetsGrp/EOYAmt0679883
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0110850
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03917
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045795
IRS990/TotalFunctionalExpensesGrp/TotalAmt049723
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt060000
IRS990/TotalLiabilitiesEOYAmt040000
IRS990/TotalLiabilitiesGrp/BOYAmt060000
IRS990/TotalLiabilitiesGrp/EOYAmt040000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0526431
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0639883
IRS990/TotalProgramServiceExpensesAmt045795
IRS990/TotalProgramServiceRevenueAmt010250
IRS990/TotalRevenueGrp/ExclusionAmt042075
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010250
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0163175
IRS990/TotalVolunteersCnt034
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0586431
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0679883
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 97
IRS990/USAddress/CityNm0LAKE ELMORE
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005657
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.ELMORECOMMUNITYTRUST.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TREVOR BRAUN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08027931924
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17

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