Civic Intelligence

Elmore Community Trust

990 • Fiscal year 2023 • EIN 85-0623566

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

PO Box 97Lake Elmore, VT 05657

(802) 793-1924

Siviq Scores

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

Liabilities / Assets

68th percentile

0.10x

Higher debt load relative to assets than 68% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.37x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

82nd percentile

31%

Faster asset growth than 82% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

92nd percentile

119%

Faster revenue growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$586,431

Up $140,372 (+31%) from 2022

Net Assets

Up

$526,431

Up $120,372 (+30%) from 2022

Liabilities

Up

$60,000

Up $20,000 (+50%) from 2022

Revenue

Up

$161,269

Up $87,709 (+119%) from 2022

Expenses

Up

$40,897

Up $8,408 (+26%) from 2022

Net Income

Up

$120,372

Up $79,301 (+193%) from 2022

Historical Trend

Balance Sheet Trend

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

$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

2023

Assets$586,431
Liabilities$60,000
Net Assets$526,431

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$161,269
Expenses$40,897
Net Income$120,372
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.0
Gross Receipts
$216,249
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$392,550$502,804▲ $110,254
Loans From Officers Directors$40,000$60,000▲ $20,000
Other Notes and Loans Receivable, Net-$41,853-
Cash and Non-Interest-Bearing Accounts$53,509$41,774▼ $11,735
Total Assets$446,059$586,431▲ $140,372
Liabilities
Total Liabilities$40,000$60,000▲ $20,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$406,059$526,431▲ $120,372
Total Net Assets Fund Balance$406,059$526,431▲ $120,372
Total Liabilities and Net Assets / Fund Balance$446,059$586,431▲ $140,372

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$338,623$12,086$350,709
Land$164,181-$164,181
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$164,826
Program Service Revenue
$10,250
Investment Income
$-16,649
Other Revenue
$2,842
All Other Contributions
$156,076
Change in Net Assets
$120,372

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded2$29,851
Total Noncash Contributions2$29,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$40,897
Total Fundraising Expense$89
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$13,417--$13,417
Depreciation Depletion$6,330--$6,330
Insurance$1,553$1,708-$3,261
Advertising$2,797--$2,797
Fees for Services Accounting-$1,075-$1,075
Fees for Services Legal-$1,035-$1,035
Office Expenses$314$150$89$553
Other Expenses$208--$208
All Other Expenses$165--$165
Total Functional Expenses$36,840$3,968$89$40,897
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,315
Fundraising Direct Expenses$7,473
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gravel Grinder$15,465$6,715$7,473$-758
Total Events$15,465$6,715$7,473$-758
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$40,000$60,000▲ $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.

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
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trevor Braun
Formed
2020
Legal Domicile
Vt
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
30

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 is included in other contributions, gifts, grants and similar amounts received. The remaining 60,089 will be received in 2024. 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/SubstantialContributorsTotAmt068015
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt01000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0164826
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt064491
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0345666
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0574983
IRS990ScheduleA/TotalSupportAmt0592818
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/BookValueAmt0338623
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012086
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0350709
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 IS INCLUDED IN OTHER CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS RECEIVED. THE REMAINING 60,089 WILL BE RECEIVED IN 2024. 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/TotalBookValueLandBuildingsAmt0502804
IRS990ScheduleD/TotalEasementsCnt01
IRS990ScheduleD/WrittenPolicyMonitoringInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt08750
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt08750
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07473
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GRAVEL GRINDER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015465
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015465
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt06715
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt06715
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-758
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07473
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07473
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt045000
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/TotalBalanceDueAmt060000
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt029851
IRS990ScheduleM/ThirdPartiesUsedInd0false
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0446059
IRS990/TotalAssetsEOYAmt0586431
IRS990/TotalAssetsGrp/BOYAmt0446059
IRS990/TotalAssetsGrp/EOYAmt0586431
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0164826
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt089
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03968
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036840
IRS990/TotalFunctionalExpensesGrp/TotalAmt040897
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt040000
IRS990/TotalLiabilitiesEOYAmt060000
IRS990/TotalLiabilitiesGrp/BOYAmt040000
IRS990/TotalLiabilitiesGrp/EOYAmt060000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0406059
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0526431
IRS990/TotalProgramServiceExpensesAmt036840
IRS990/TotalProgramServiceRevenueAmt010250
IRS990/TotalRevenueGrp/ExclusionAmt03848
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-7405
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0161269
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0446059
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0586431
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 97
IRS990/USAddress/CityNm0LAKE ELMORE
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005657
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.ELMORECOMMUNITYTRUST.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

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