2025-01-29T01:58:07-00:00 2024-06-30 264046110 Wisehart Wimette Associates PLC 159 River Road Essex Junction VT 05452 990 2023-07-01 510192568 Franklin County Industrial Development Corporation FRAN 8025242194 PO Box 1099 St Albans VT 054781099 Timothy Smith Officer 8025242194 2025-01-29 true Kirk P Wisehart P00533236 8028791055 2025-01-29 2023 2025-03-06 01:10:19Z Timothy Smith PO Box 1099 St Albans VT 054781099 8512229 false X www.fcidc.com X 1979 VT To promote development and growth of private industry in the greater St. Albans area and Franklin County as a whole 18 18 5 0 374053 338539 1805560 1032476 -1491546 -3669 94966 138840 783033 1506186 0 0 249343 232927 0 0 1916423 1209363 2165766 1442290 -1382733 63896 17606975 10104244 12971619 5371572 4635356 4732672 X To promote development and growth of private industry in the greater St. Albans area and Franklin County as a whole false false 723530 782509 To provide rental space to businesses in order to further encourage the development of industry in Franklin County 360723 225729 To provide loans to area businesses and municipalities for acquisition and expansion purposesTo provide revolving loans for the creation of employment opportunities and/or the maintenance of existing jobs, particularly for the benefit of low income persons, displaced farm families and farm families needing to supplement their income. These funds are to be used for the purchase or expansion of land, buildings, machinery or equipment, start-up costs, feasibility studies or other working capital. 2648 7348 To provide loans to area businesses and municipalities for acquisition and expansion purposes -223 3201 1086678 false true false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 14 0 true 5 true false false false false false false false false false false false false X 18 18 false false false false false false false true true false false true true true true false false true false false X Timothy Smith 8025242194 PO Box 1099 St Albans VT 054781099 Timothy Smith Executive Director 040.00 X 100285 0 11911 Amy Kimball Secretary 040.00 X 42939 0 14420 Mark Lareau Chair 001.00 X X 0 0 0 Kevin Manahan Vice Chair 001.00 X X 0 0 0 Leon Berthiaume Treasurer 001.00 X X 0 0 0 Maureen Brown Director 001.00 X 0 0 0 Patrick Calecas Director 001.00 X 0 0 0 Kathy Lavoie Director 001.00 X 0 0 0 Michael O'Brien Director 001.00 X 0 0 0 Dean Pelkey Director 001.00 X 0 0 0 Rebecca Stebbins Director 001.00 X 0 0 0 Carl Rosenquist Director 001.00 X 0 0 0 Coleen Condon Director 001.00 X 0 0 0 Elizabeth Gamache Director 001.00 X 0 0 0 Jess Graff Director 001.00 X 0 0 0 Andrew Crossman Director 001.00 X 0 0 0 Evan Branon Director 001.00 X X 0 0 0 Lisa Durocher Director 001.00 X 0 0 0 Leilani King Director 001.00 X X 0 0 0 John Hango Directory 001.00 X 0 0 0 143224 26331 1 false false false 320289 18250 338539 Rental income 532000 417733 417733 Tenant reimbursements 532000 243437 243437 Interest income-financed lease 532000 363958 363958 Interest income-revolving loan fund 522291 7348 7348 1032476 36331 36331 6966043 7006043 -40000 -40000 Other income 900099 138840 138840 138840 1506186 1171316 36331 0 0 0 0 143224 143224 0 46113 1170 44943 4186 4186 24623 24623 14781 14781 0 12249 12249 20515 13128 7387 0 0 19222 15617 3605 3317 3317 8084 1158 6926 0 0 332914 322412 10502 9862 50 9812 0 0 524479 524479 0 91252 91091 161 44813 41346 3467 Bad debt expense recovery 3590 1459 2131 Miscellaneous 27658 12519 15139 Dues and other service fees 10703 10703 Grant expense / Healthy Roots 100705 50000 50705 0 1442290 1086678 355612 0 911779 3335 116318 1382350 17631 43152 7324213 713896 1139 4830 7281568 186321 8704211 7095247 503003 853900 28681 7534 17606975 10104244 136452 74880 3538 295000 12764385 4959872 67244 41820 12971619 5371572 X 4628741 4726057 6615 6615 4635356 4732672 17606975 10104244 63896 39388 -5968 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 390000 390000 2210000 146389 2063611 83880 39932 43948 4597688 4597688 7095247 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Accrued expenses 14738 Security deposit payable 27082 41820 X 1539606 39388 39388 1500218 5968 5968 1506186 1442290 1442290 1442290 X 2 The Organization is a non-profit organization exempt from income taxes under Section 501C4 of the Internal Revenue Code and none of its present or anticipated future activities are subject to taxation as unrelated business income therefore no provision for income taxes has been made in the accompanying financial statements. The Organization believes it has taken no uncertain tax positions that could have an effect on its financial statements. Form 990, Part III, Line 4d Program Service Expenses -223, Grants and allocations 0, Revenue 3,201 To provide rental space in a multi-tenant building to businesses for the purpose of promoting economic development in Franklin County Form 990, Part VI, Section B, Line 11b Copies of the Form 990 are forwarded to the Executive Director who then provides these copies to the governing body for review Form 990, Part VI, Section B, Line 12c Yes, a subcommittee of the Board of Director reviews the Executive Directors compensation Form 990, Part VI, Section C, Line 19 Governing documents are available upon request