2026-03-14T02:43:42-00:00 2025-06-30 264046110 Wisehart Wimette Associates PLC 159 River Road Essex Junction VT 05452 990 2024-07-01 510192568 Franklin County Industrial Development Corporation FRAN 8025242194 PO Box 1099 St Albans VT 054781099 Timothy Smith Officer 8025242194 2026-03-14 true Kirk P Wisehart P00533236 8028791055 2026-03-14 2024 2025-03-06 01:10:19Z Timothy Smith PO Box 1099 St Albans VT 054781099 849271 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 6 0 338539 245218 1032476 517757 -3669 30716 138840 55580 1506186 849271 0 0 232927 235031 0 0 1209363 605612 1442290 840643 63896 8628 10104244 9944243 5371572 5205131 4732672 4739112 X To promote development and growth of private industry in the greater St. Albans area and Franklin County as a whole false false 422521 442083 To provide rental space to businesses in order to further encourage the development of industry in Franklin County. 98526 20395 To provide loans to area businesses and municipalities for acquisition and expansion purposes to 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. 4030 To provide loans to area businesses and municipalities for acquisition and expansion purposes. 75 15235 525152 false true false false false false false false false true false false true 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 17 0 true 6 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 100258 0 13981 Amy Kimball Secretary 040.00 X 41867 0 12658 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 Director 001.00 X 0 0 0 142125 26639 1 false false false 231468 13750 245218 Rental income 532000 273254 273254 Tenant reimbursements 532000 218131 218131 Interest income-financed lease 532000 15418 15418 Interest income-revolving loan fund 522291 10954 10954 517757 30716 30716 Other income 900099 55580 55580 55580 849271 573337 30716 0 0 0 0 150595 150595 0 41285 1170 40115 4267 4267 23240 23240 15644 15644 0 3636 3305 331 14802 8484 6318 0 0 42491 29654 12837 1866 212 1654 16390 4621 11769 0 0 196825 189307 7518 11402 11402 0 0 173769 173769 0 59260 59109 151 25963 19011 6952 Bad debt expense recovery 1265 -889 2154 Miscellaneous 11645 2899 8746 Dues and other service fees 11111 11111 Grant expense 34500 34500 687 687 840643 525152 315491 0 3335 3188 1382350 1092542 43152 55059 713896 160220 4830 8630 7385816 245579 7095247 7140237 853900 927566 7534 14203 542598 10104244 9944243 74880 28176 295000 300000 4959872 4876955 41820 5371572 5205131 X 4726057 4732497 6615 6615 4732672 4739112 10104244 9944243 X 8628 57362 -7744 -51806 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 390000 390000 2210000 203055 2006945 83880 42524 41356 4701936 4701936 7140237 Financial derivatives and other financial products Closely-held equity interests Restricted cash Due from Perley Block 89283 Investment in Perley Block 453315 542598 Federal income taxes Accrued expenses Security deposit payable X 847083 57362 57362 789721 7744 51806 59550 849271 840643 840643 840643 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 75, Grants and allocations 0, Revenue 15,235 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 Form 990, Part XI, Line 9 51,806 Loss from investment in entity for the year ending 6/30/25