GREATER BURLINGTON INDUSTRIAL CORP

EIN: 030188746

BURLINGTON, VT

Total Revenue
$888,656
Total Expenses
$960,192
Total Assets
$6,776,550
Net Assets
$3,859,110
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
VT
Principal Officer
FRANK CIOFFI
Phone
8028625726
Tax Period
2024-07-01 to 2025-06-30

GREATER BURLINGTON INDUSTRIAL CORP, founded in 1954, is a small nonprofit that reported $889K in total revenue in fiscal year 2024. Net assets of $3.9M represent 52 months of operating reserves.

Mission

TO ATTRACT, RETAIN, AND EXPAND ENVIRONMENTALLY SENSITIVE HIGH-PAYING JOBS IN THE CHAMPLAIN VALLEY; AND TO INITIATE AND SUPPORT ADVOCACY, EDUCATION, AND COLLABORATIVE PROGRAMS IN PROMOTING OUR VISION.

Program Service Accomplishments

Program 1

THE CORPORATION'S PURPOSE IS PROMOTING INDUSTRIAL DEVELOPMENT, CREATING QUALITY JOBS AND ASSISTING IN WORKFORCE DEVELOPMENT IN THE CHITTENDEN COUNTY, VERMONT AREA.

Program 2

THE CORPORATION PROVIDES ADMINISTRATIVE SUPPORT FOR AN AFFILIATED NON- PROFIT ORGANIZATION. CYNOSURE,INC. SERVES AS THE FINANCIAL ARM OF THE GREATER BURLINGTON INDUSTRIAL CORPORATION AS IT ASSISTS...

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THE CORPORATION PROVIDES ADMINISTRATIVE SUPPORT FOR AN AFFILIATED NON- PROFIT ORGANIZATION. CYNOSURE,INC. SERVES AS THE FINANCIAL ARM OF THE GREATER BURLINGTON INDUSTRIAL CORPORATION AS IT ASSISTS BUSINESSES IN OBTAINING REAL ESTATE FINANCING AND CONTRACTS TO BUILD, AND ALSO LEASES PLANT SPACE IN THE GREATER BURLINGTON, VERMONT AREA.

Program 3

OTHER FUNCTIONS OF THE CORPORATION INCLUDE ADMINISTRATION OF AGENCY ARRANGEMENTS AND OTHER INDIRECT MANAGEMENT SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $780,191
Program Service Revenue $0
Investment Income $94,078
Other Revenue $14,387
TOTAL REVENUE $888,656

Expense Breakdown

Grants Paid $0
Salaries & Benefits $616,872
Fundraising Expenses $0
Other Expenses $343,320
TOTAL EXPENSES $960,192

Year-over-Year Comparison

2024 2023 Change
Revenue $888,656 $912,714 0.0%
Expenses $960,192 $943,469 +0.0%
Net Income $-71,536 $-30,755 +1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
26
Independent Members
26
Employees
12
Volunteers
24

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$308,693
Total Directors
26
$308,693
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK CIOFFI PRESIDENT/SE 20.00
Officer Director
$234,027 $74,666 $308,693
TIM SHEA CHAIRMAN 2.00
Officer Director
$0 $0 $0
PAM MACKENZIE VICE CHAIRMA 2.00
Officer Director
$0 $0 $0
ERNEST A POMERLEAU TREASURER 2.00
Officer Director
$0 $0 $0
TED ADLER DIRECTOR 2.00
Director
$0 $0 $0
BRAD ALDRICH DIRECTOR 2.00
Director
$0 $0 $0
CHARLIE BAKER DIRECTOR 2.00
Director
$0 $0 $0
TIM BAECHLE DIRECTOR 2.00
Director
$0 $0 $0
ETHAN BECHTEL DIRECTOR 2.00
Director
$0 $0 $0
ERIC BERGSTROM DIRECTOR 2.00
Director
$0 $0 $0
KELLY DEVINE DIRECTOR 2.00
Director
$0 $0 $0
ROCKI-LEE DEWITT DIRECTOR 2.00
Director
$0 $0 $0
JIM DONOHUE DIRECTOR 2.00
Director
$0 $0 $0
JOHN EVANS DIRECTOR 2.00
Director
$0 $0 $0
MOE GERMAIN DIRECTOR 2.00
Director
$0 $0 $0
BEN HARDY DIRECTOR 2.00
Director
$0 $0 $0
JAIME HEINS DIRECTOR 2.00
Director
$0 $0 $0
EVE HOAR DIRECTOR 2.00
Director
$0 $0 $0
JON PIZZAGALLI DIRECTOR 2.00
Director
$0 $0 $0
SAMANTHA ROACH-GERBER DIRECTOR 2.00
Director
$0 $0 $0
DAVID ROSE DIRECTOR 2.00
Director
$0 $0 $0
EMILIE SCHWEIKERT DIRECTOR 2.00
Director
$0 $0 $0
HEIDI STUMPFF DIRECTOR 2.00
Director
$0 $0 $0
PETER SYLVESTER DIRECTOR 2.00
Director
$0 $0 $0
DANIELLE MANAHAN DIRECTOR 2.00
Director
$0 $0 $0
MARVIN MONTEQUE DIRECTOR 2.00
Director
$0 $0 $0
SUSAN ANDERSEN EXECUTIVE V. 40.00
Highest
$101,480 $11,723 $113,203
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $888,656 $960,192 $6,776,550 $-71,536
2024 $912,714 $943,469 $6,609,249 $-30,755
2023 $887,041 $803,960 $6,131,354 $83,081
2022 $856,076 $822,336 $5,786,422 $33,740
2021 $1,148,847 $928,980 $6,048,096 $219,867
2020 $795,601 $759,983 $4,071,612 $35,618
2019 $848,008 $760,240 $4,004,081 $87,768
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