Overview
What is Lake Champlain Opportunity Fund Inc?
Lake Champlain Opportunity Fund Inc, based in Burlington, Vermont, is a nonprofit organization committed to fostering economic growth in the state. They accomplish this through their LaunchVT initiative, which provides business acceleration programs and resources to empower Vermonters. This includes connecting emerging startups with advisors, investors, and business development support, as well as supporting regional innovation spaces. Their mission extends beyond Chittenden County, aiming to develop and implement workforce development strategies that support businesses and industries across Vermont. This nonprofit organization's ultimate goal is to bolster the local economy by nurturing entrepreneurship and workforce development.
Official website here: www.launchvt.com
Is Lake Champlain Opportunity Fund Inc legitimate?
Lake Champlain Opportunity Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Champlain Opportunity Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,649
For more financial information, click here
Official website here: www.launchvt.com
What is the mission statement of Lake Champlain Opportunity Fund Inc?
Lake Champlain Opportunity Fund Inc is a non-profit organization with a mission to develop and implement workforce development strategies that support businesses and industries. Primarily operating in Vermont, particularly Chittenden County, the organization aims to enhance economic opportunities in local communities. Their initiatives include the LaunchVT initiative, which provides business acceleration programs and resources to empower Vermonters. LaunchVT accelerates the development of promising startups by connecting them with advisors, investors, and business development support. Additionally, LaunchVT REACT supports regional innovation spaces across Vermont, building successful cohort-based business development programs for entrepreneurs. The organization also has a platform, LaunchVT Nexus, to connect alumni and founders of growing businesses from various stages in Vermont.
Official website here: www.launchvt.com
Who is the CEO of Lake Champlain Opportunity Fund Inc?
Catherine Davis is the Ceo of Lake Champlain Opportunity Fund Inc. The CEO's salary of Lake Champlain Opportunity Fund Inc is $0 and their total compensation is $0.
Official website here: www.launchvt.com
What is the revenue of Lake Champlain Opportunity Fund Inc?
Lake Champlain Opportunity Fund Inc's revenue in 2022 was $248,919.
Official website here: www.launchvt.com
Who are the executives of Lake Champlain Opportunity Fund Inc and what are their salaries?
There 9 volunteers at Lake Champlain Opportunity Fund Inc.
Here are 9 key members and their salaries (Lake Champlain Opportunity Fund Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $102,108
- Other: $6,412
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $94,373
- Other: $18,478
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.launchvt.com
Where can I find the form 990 for Lake Champlain Opportunity Fund Inc?
Lake Champlain Opportunity Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.launchvt.com
Learn more at the official website: www.launchvt.com
Mission Statement of Lake Champlain Opportunity Fund Inc
Lake Champlain Opportunity Fund Inc, as a non-profit organization, is committed to developing and implementing workforce development strategies that support businesses and industries primarily in Vermont, specifically in Chittenden County. Its primary mission is to launch and accelerate the growth of emerging startups within the state by providing them with the necessary resources and connections. This is achieved through various initiatives such as LaunchVT, which collaborates with community partners to offer business acceleration programs, connecting entrepreneurs with advisors, investors, and direct business development support.
By participating in LaunchVT, the top eight startups in Vermont benefit from networking opportunities, resources, and guidance to solve problems and create economic opportunities in their communities. Additionally, LaunchVT ReACT supports regional innovation spaces across Vermont, building successful cohort-based business development programs for local entrepreneurs. LaunchVT Nexus connects LaunchVT alumni and founders of mid-stage and emerging growth-stage businesses from across Vermont through a remote communication platform and in-person meetings. In this way, Lake Champlain Opportunity Fund Inc fosters an environment that encourages innovation, growth, and the success of businesses in Vermont.
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Impact
October, 2024
Lake Champlain Opportunity Fund Inc significantly enhances economic development in Vermont by implementing targeted workforce strategies that support local businesses and industries. Its initiatives focus on empowering individuals and companies through innovative programs that foster entrepreneurship.
The organization plays a crucial role in accelerating the growth of emerging startups in Vermont via its LaunchVT initiative. By connecting new entrepreneurs with essential resources—such as advisors, investors, and peer networks—these startups receive tailored support that boosts their chances of success. The LaunchVT Works program collaborates with community partners to create business acceleration opportunities, emphasizing problem-solving and economic empowerment at the local level.
Furthermore, the LaunchVT React program strengthens regional innovation by helping to establish and sustain cohort-based business development initiatives throughout Vermont. This approach ensures that local entrepreneurs have access to the necessary infrastructure and support systems to thrive.
Additionally, the LaunchVT Nexus fosters a strong community among alumni and founders of mid-stage and emerging growth-stage businesses, promoting collaboration and knowledge sharing through a combination of virtual platforms and in-person interactions.
Ultimately, Lake Champlain Opportunity Fund Inc’s impact lies in its ability to create a vibrant economic landscape that nurtures innovation, enhances workforce skills, and improves community engagement across Vermont.
This information is meant to be a general summary of Lake Champlain Opportunity Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$3,939
- Program Service Revenue: $75,504
- Gross Receipts: $300,685
Assets and Liabilities:
- Total Assets: $1,032,024
- Total Liabilities: $1,086
- Net Assets: $1,030,938
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNCHVT
Revenue
$75,504
Organization Details
Founding Year
1999
Phone
(802) 863-3489Principal Officer
Catherine Davis
Main Address
60 MAIN STREET 100, BURLINGTON, VT, 05401
Website
www.launchvt.comNTEE Category
Code: S400 - Community improvement
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