Readsboro Hometown Redevelopment Inc in Readsboro, Vermont (VT)

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Readsboro Hometown Redevelopment Inc
Employer Identification Number (EIN)830483990
Name of OrganizationReadsboro Hometown Redevelopment Inc
In Care of NameDavid Marchegiani
AddressPO BOX 261, Readsboro, VT 05350-0261
SubsectionCharitable Organization
Ruling Date12/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$103,514
Amount of Income$23,227
Form 990 Revenue Amount$23,227
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Historical Societies, Related Historical Activities


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Amount of income in 2014: $23,227 (it was $7,978 in 2013)
This organization: 

 $23,227
Other organizations performing similar types of work: 

 $32,954

Assets in 2014: $103,514 (it was $121,513 in 2013)
Readsboro Hometown Redevelopment Inc: 

 $103,514
Other organizations performing similar types of work: 

 $59,539

Expenses in 2013: $8,255
This organization: 

 $8,255
Other organizations performing similar types of work: 

 $21,061

Income to expenses ratio in 2013: 2.8
Readsboro Hometown Redevelopment Inc: 

 2.8
Other organizations performing similar types of work: 

 0.9

Grants share in income in 2013: 97.6%
Readsboro Hometown Redevelopment Inc: 

 97.6%
Other organizations performing similar types of work: 

 2.1%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$111,171$28,802$7,978
Contributions, gifts, grants, and similar amounts received$110,580$25,813$7,786
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$74$88$192
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$100$100$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$417$2,801$0
Total expenses$93,570$10,307$8,255
Total net assets$103,295$121,790$121,513
Excess/Deficit for the year$17,601$18,495$-277
Net assets or fund balances at beginning of year$85,694$103,295$121,790
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$121,790$121,513
Balance Sheets
201120122013
Total assets$103,295$121,790$121,513
Total liabilities$0$0$0
Net assets or fund balances$103,295$121,790$121,513
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$238,746
Subtotal Support$238,746
Gifts, grants, contributions, and membership fees received$238,746
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$240,937
Public Support$238,746
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$177
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$2,014
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Seventh Regiment Armory Conservancy Inc643 Park Ave 2nd Floor, New York, NY 10065-6122NY2000-07$20,230,835
2Town Hall Association1119 8th Ave, Seattle, WA 98101-2738WA2000-06$3,724,169
3Tri-State Warbird Museum4021 Borman Dr, Batavia, OH 45103-1684OH2003-08$1,348,020
4Yl-37 Group Foundation Inc14157 E 580 Rd, Inola, OK 74036-5227OK2001-05$646,555
5Roxbury Bandshell Preservation Alliance1618 Sunshine Ave, Johnstown, PA 15905-1849PA2008-09$69,026
6Us Marshals Museum Inc14 N 3rd St Ste D, Fort Smith, AR 72901-1476AR2008-02$59,562
7Danville Historical SocietyPo Box 274, Danville, VT 05828VT2007-03$444,232
8Readsboro Hometown Redevelopment IncPO BOX 261, Readsboro, VT 05350-0261VT2011-12$23,227
9Stowe Historical Society IncPO BOX 730, Stowe, VT 05672-0730VT2003-09$18,819
10Shaftsbury Historical Society IncPO BOX 401, Shaftsbury, VT 05262-0401VT2014-07$17,689
11Nwv Model Railroad Association Inc57 River Road Unit 1011, Essex Junction, VT 05452VT2008-05$13,020
12Preservation Burlington IncPo Box 481, Burlington, VT 05402-0481VT2000-02$11,838
13Vermont Archaeological Society IncPo Box 663, Burlington, VT 05402-0663VT2014-03$8,717
14Rupert Historical SocietyPo Box 84, Rupert, VT 05768VT2014-08$6,964
15Landgrove Historical Society IncPo Box 734, Londonderry, VT 05148VT2000-12$5,700
16Topsham Historical Society Inc88 East Orange Road, West Topsham, VT 05086VT2014-11$3,694
17Montpelier Historical Society IncPO BOX 54, Montpelier, VT 05601-0054VT1997-11$3,419
18Stockbridge Meeting House Society IncPO BOX 8, Stockbridge, VT 05772-0008VT2003-10$3,307
19Grand Isle Historical Society IncPo Box 23, Grand Isle, VT 05458-0023VT2001-01$1,609
20Townshend Historical Society IncPo Box 202, Townshend, VT 05353VT1999-11$1,564
Number of organizations performing similar types of work
Alaska33
Alabama164
Arkansas91
Arizona136
California779
Colorado191
Connecticut152
District of Columbia75
Delaware52
Florida406
Georgia265
Hawaii55
Iowa212
Idaho67
Illinois367
Indiana226
Kansas130
Kentucky133
Louisiana114
Massachusetts330
Maryland245
Maine188
Michigan336
Minnesota222
Missouri261
Mississippi90
Montana83
North Carolina314
North Dakota45
Nebraska71
New Hampshire118
New Jersey261
New Mexico72
Nevada72
New York672
Ohio464
Oklahoma128
Oregon168
Pennsylvania565
Rhode Island71
South Carolina137
South Dakota40
Tennessee176
Texas568
Utah142
Virginia377
Vermont83
Washington188
Wisconsin223
West Virginia101
Wyoming31
International15
Total10,505

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