Androscoggin Valley Economic Recovery Corp in St Johnsbury, Vermont (VT)

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Androscoggin Valley Economic Recovery Corp
Employer Identification Number (EIN)100004193
Name of OrganizationAndroscoggin Valley Economic Recovery Corp
In Care of NameNcic
AddressC/O Ncic 347 Portland Street, St Johnsbury, VT 05819
SubsectionCharitable Organization
Ruling Date01/2004
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,760
Amount of Income$55,433
Form 990 Revenue Amount$55,433
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2011: $55,433 (it was $134,793 in 2010)
This organization: 

 $55,433
Other organizations performing similar types of work: 

 $135,279

Assets in 2011: $7,760 (it was $17,423 in 2010)
Androscoggin Valley Economic Recovery Corp: 

 $7,760
Other organizations performing similar types of work: 

 $114,906

Expenses in 2011: $65,097
Androscoggin Valley Economic Recovery Corp: 

 $65,097
Other organizations performing similar types of work: 

 $121,073

Income to expenses ratio in 2011: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2011: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 8.8%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$55,433
Contributions, gifts, grants, and similar amounts received$55,433
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$65,097
Total net assets$7,760
Deficit for the year$-9,664
Net assets or fund balances at beginning of year$17,424
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$7,760
Total liabilities$0
Net assets or fund balances$7,760
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$497,141
Gifts, grants, contributions, and membership fees received$497,141
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Metropolitan Entertainment & Convention Authority455 N 10th St, Omaha, NE 68102-1151NE1997-12$42,926,249
2Columbus Downtown Development Corporation150 S Front St Ste 210, Columbus, OH 43215-7105OH2002-10$37,620,584
3Structured Employment Economic Development Corporation22 Cortlandt Street 33rd Floor, New York, NY 10007-3107NY1977-01$21,151,237
4Delaware River Waterfront Corporation121 N Columbus Blvd, Philadelphia, PA 19106-1403PA2009-10$11,762,015
5Lubbock Economic Development Alliance Inc1500 Broadway 6th Floor, Lubbock, TX 79401-3117TX2005-01$8,625,518
6Market Lubbock Economic Development Corporation1500 Broadway Ste 600, Lubbock, TX 79401-3100TX1999-04$6,821,251
7Trufund Financial Services Inc1440 Broadway Rm 23, New York, NY 10018-2326NY2005-12$6,686,524
8Wake Forest Innovation Quarter CdcMedical Center Blvd, Winston Salem, NC 27157-0001NC2005-02$5,772,439
9Greater Houston Partnershipfoundation1200 Smith Street, Houston, TX 77002-4313TX2007-03$5,283,584
10Longview Economic Development Corporation410 N Center St, Longview, TX 75601-6403TX1993-03$3,804,055
11Lehigh Valley Economic Development Corporation2158 Avenue C Ste 200, Bethlehem, PA 18017-2148PA2001-10$3,767,617
12Haven Economic Development Inc16105 Ne 18th Ave, Miami, FL 33162-4749FL1998-09$3,230,150
13Genesee Gateway Local Development Corporation99 Med Tech Dr Ste 106, Batavia, NY 14020-9712NY2005-12$2,902,387
14Transition Ii Inc346 Shelburne Rd, Burlington, VT 05401-4935VT1990-12$709,290
15Building A Better Brattleboro IncPO BOX 961, Brattleboro, VT 05302-0961VT1999-05$117,077
16Androscoggin Valley Economic Recovery CorpC/O Ncic 347 Portland Street, St Johnsbury, VT 05819VT2004-01$55,433
17Opportunities Ventures Inc25 Winooski Falls Way No 203, Winooski, VT 05404-2269VT2003-03$38,483
18Opportunities Incorporated25 Winooski Falls Way No 203, Winooski, VT 05404-2269VT2003-03$5,649
19Central Vermont Investment CorporationPO BOX 1439, Montpelier, VT 05601-1439VT2007-11$1
20Brighton Community Forum IncPo Box 433, Island Pond, VT 05846-0433VT2005-01$0
Number of organizations performing similar types of work
Alaska23
Alabama64
Arkansas29
Arizona41
California299
Colorado47
Connecticut39
District of Columbia35
Delaware8
Florida134
Georgia71
Hawaii27
Iowa63
Idaho15
Illinois108
Indiana79
Kansas46
Kentucky50
Louisiana73
Massachusetts46
Maryland54
Maine37
Michigan101
Minnesota55
Missouri99
Mississippi38
Montana36
North Carolina125
North Dakota13
Nebraska37
New Hampshire25
New Jersey61
New Mexico41
Nevada16
New York213
Ohio149
Oklahoma39
Oregon51
Pennsylvania173
Rhode Island6
South Carolina63
South Dakota34
Tennessee56
Texas168
Utah17
Virginia62
Vermont16
Washington47
Wisconsin61
West Virginia39
Wyoming14
International10
Total3,253

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