Overview
What is Franklin County Industrial Development Corporation?
The Franklin County Industrial Development Corporation, located in St. Albans, Vermont, functions as a nonprofit organization. Their primary objective is to stimulate economic growth within Franklin County by offering rental spaces in a multi-tenant building to various businesses. This initiative aims to foster the development and expansion of private industry in the broader St. Albans area. The corporation is staffed by a small team of five employees, working towards the betterment of the local economy.
Official website here: www.fcidc.com
Is Franklin County Industrial Development Corporation legitimate?
Franklin County Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Franklin County Industrial Development Corporation 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: $149,575
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,150
For more financial information, click here
Official website here: www.fcidc.com
What is the mission statement of Franklin County Industrial Development Corporation?
The Franklin County Industrial Development Corporation's mission is centered around fostering the advancement and expansion of private businesses within the broader St. Albans area and Franklin County. Their primary objective is to stimulate growth in the industrial sector, promoting a thriving economic environment for the region as a whole. To achieve this, the corporation provides rental spaces in a multi-tenant building, serving as a catalyst for businesses to establish their operations and contribute to the local economy.
Official website here: www.fcidc.com
Who is the CEO of Franklin County Industrial Development Corporation?
Timothy Smith is the Director of Franklin County Industrial Development Corporation.
Official website here: www.fcidc.com
What is the revenue of Franklin County Industrial Development Corporation?
Franklin County Industrial Development Corporation's revenue in 2023 was $783,033.
Official website here: www.fcidc.com
Who are the executives of Franklin County Industrial Development Corporation and what are their salaries?
The average compensation at Franklin County Industrial Development Corporation during 2023 was $40,945. There are 5 employees at Franklin County Industrial Development Corporation.
Here are 21 key members and their salaries:
- Compensation: $106,694
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- Other: $11,478
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- Other: $15,926
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Official website here: www.fcidc.com
Where can I find the form 990 for Franklin County Industrial Development Corporation?
Franklin County Industrial Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fcidc.com
Learn more at the official website: www.fcidc.com
Mission Statement of Franklin County Industrial Development Corporation
The Franklin County Industrial Development Corporation, a notable entity, is committed to driving the growth and advancement of private industry within the larger St. Albans area and Franklin County as a whole. This organization's mission is geared towards promoting economic development in the region by providing rental spaces in a multi-tenant building. By offering such facilities, the corporation aims to attract and support businesses, thereby fostering an environment conducive to growth and prosperity. In doing so, Franklin County Industrial Development Corporation serves as a catalyst for economic transformation, contributing to a stronger and more vibrant community.
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Impact
October, 2024
The Franklin County Industrial Development Corporation plays a pivotal role in stimulating economic development in the greater St. Albans area and throughout Franklin County. By providing rental space in a multi-tenant building, it fosters an environment conducive to business growth and innovation. This support helps attract and retain businesses, which, in turn, creates jobs and enhances the local economy. Its efforts focus on promoting the development and growth of private industry, benefiting the broader community by driving improvements in infrastructure, services, and overall quality of life. The Corporation's commitment to community improvement is a key factor in ensuring sustainable economic progress in the region.
This information is meant to be a general summary of Franklin County Industrial Development Corporation. 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: -$1,491,546
- Program Service Revenue: $1,805,560
- Gross Receipts: $6,170,219
Assets and Liabilities:
- Total Assets: $17,606,975
- Total Liabilities: $12,971,619
- Net Assets: $4,635,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$938,943
Tenant reimbursements
Revenue
$304,577
Interest income-financed lease
Revenue
$551,296
Interest income-revolving loan fund
Revenue
$10,744
Organization Details
Founding Year
1979
Phone
(802) 524-2194Principal Officer
Timothy Smith
Main Address
PO Box 1099, St Albans, VT, 054781099
Website
www.fcidc.comNTEE Category
Code: S31 - Community improvement
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