Overview
What is Cynosure Inc?
Cynosure Inc, established in Burlington, VT, serves as a catalyst for industrial development in the greater Burlington area and surrounding municipalities of Chittenden County. Their mission is to unify and coordinate public and private efforts, fostering the attraction, encouragement, financing, and development of private industry and commerce. By doing so, they aim to promote, boost, and stabilize opportunities for employment, enhance economic conditions, and contribute to the overall well-being of the community. Cynosure Inc primarily focuses on financing industrial development loans and receivables, extending support to various eligible businesses within their region.
Official website here: www.gbicvt.org
Is Cynosure Inc legitimate?
Cynosure Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Cynosure 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: $0
For more financial information, click here
Official website here: www.gbicvt.org
What is the mission statement of Cynosure Inc?
Cynosure Inc's mission is to bring together both public and private sectors, aiming to attract, encourage, finance, and develop private industry and commerce. This objective is primarily focused on boosting job opportunities, enhancing economic conditions, and improving general welfare within the Greater Burlington area and other municipalities in Chittenden County. The company's mission is to unify and coordinate these efforts, ultimately promoting stability and growth in the region.
Official website here: www.gbicvt.org
Who is the CEO of Cynosure Inc?
Frank Cioffi is the President, S of Cynosure Inc.
Official website here: www.gbicvt.org
What is the revenue of Cynosure Inc?
Cynosure Inc's revenue in 2023 was $1,094,499.
Official website here: www.gbicvt.org
Who are the executives of Cynosure Inc and what are their salaries?
There 9 volunteers at Cynosure Inc.
Here are 10 key members and their salaries:
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- Related: $197,880
- Other: $38,292
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- Other: $0
Official website here: www.gbicvt.org
Where can I find the form 990 for Cynosure Inc?
Cynosure Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gbicvt.org
Learn more at the official website: www.gbicvt.org
Mission Statement of Cynosure Inc
Cynosure Inc, a nonprofit organization, is committed to bringing together public and private initiatives aimed at fostering the growth and development of businesses within its operational area. Its primary objective is to attract, encourage, finance, and nurture private industry and commerce, with the ultimate goal of creating and stabilizing employment opportunities, improving economic conditions, and enhancing general welfare. By coordinating these efforts, Cynosure Inc plays a pivotal role in promoting a thriving business environment that benefits the community as a whole.
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Impact
October, 2024
Cynosure Inc plays a pivotal role in enhancing the economic landscape of the Greater Burlington area and Chittenden County by unifying and coordinating efforts between public and private sectors. Its strategic focus on attracting, encouraging, financing, and developing private industry and commerce significantly contributes to the region's economic stability and growth.
By financing industrial development loans, Cynosure Inc directly supports qualified businesses, fostering an environment conducive to job creation and economic improvement. This proactive approach not only promotes opportunities for gainful employment but also elevates overall economic conditions, thereby enhancing the general welfare of the community.
Through its mission, Cynosure Inc effectively leverages resources and initiatives to stimulate local commerce and industry, ensuring sustained economic vitality in the region. The organization’s impact is felt through increased investment in local businesses, improved employment prospects for residents, and a more robust economy that benefits the entire community.
This information is meant to be a general summary of Cynosure 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 2023.
- Investment Income: $68,201
- Program Service Revenue: $1,026,298
- Gross Receipts: $1,191,975
Assets and Liabilities:
- Total Assets: $5,234,982
- Total Liabilities: $41,031
- Net Assets: $5,193,951
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,026,298
Organization Details
Founding Year
1955
Phone
(802) 862-5726Principal Officer
Frank Cioffi
Main Address
60 MAIN STREET PO BOX 786, BURLINGTON, VT, 05402
Website
www.gbicvt.orgNTEE Category
Code: S30 - Community improvement
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