Stonington Village Improvement Assoc Inc

EIN: 061259940 501(c)(3) Community Improvement

Stonington, CT

Total Revenue
$105,529
Total Expenses
$802,893
Total Assets
$311,313
Net Assets
$306,154
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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
CT
Principal Officer
Mary Ettinger
Tax Period
2024-04-01 to 2025-03-31

Stonington Village Improvement Assoc Inc, founded in 1953, is a small nonprofit in the Community Improvement sector that reported $106K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $803K exceeded revenue, resulting in a 661% operating deficit.

Mission

To promote and assist the development of parks, playgrounds, trees, shrubs and gardens, public buildings and historical shrines in the Village of Stonington; to promote literary, cultural and educational uses of its properties, which are suited for those purposes; to promote the common good and general welfare of the people of the community; to bring about civic betterments and social improvements; to buy, rent, build, hold and sell real and other property as may be necessary for their purposes; and to accumulate funds for these purposes.

Program Service Accomplishments

Program 1
Expenses: $783,853 Revenue: $30,815

The Stonington Village Tree Lighting Ceremony and Holiday Stroll start in front of the Stonington Free Library in Wadawanuck Square on the first Friday in December at 5:30 PM. Every year, the SVIA...

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The Stonington Village Tree Lighting Ceremony and Holiday Stroll start in front of the Stonington Free Library in Wadawanuck Square on the first Friday in December at 5:30 PM. Every year, the SVIA sponsors a tree lighting ceremony in Wadawanuck Square (with generous help from the Stonington Free Library and the Stonington Borough Merchants Association) that includes a community carol sing and a special visit by Santa. For many years, community carolers have led the gathering in singing Christmas Carols - everyone is welcome to join in! Immediately following the lighting of the tree is the annual Holiday Stroll down Water Street, where local merchants keep their shops open late and welcome visitors. They also compete for best window decorations as part of Borough A-Glow! The SVIA also places lights and seasonal decorations in front of the Library, around Cannon Square, and on the viaduct.

Program 2

The SVIA is pleased to assume the management of the Borough's July 4th parade, a long-standing, beloved tradition. Historic Stonington will continue to organize the reading of the Declaration of...

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The SVIA is pleased to assume the management of the Borough's July 4th parade, a long-standing, beloved tradition. Historic Stonington will continue to organize the reading of the Declaration of Independence in Wadawanuck Square immediately following the parade. The reading will then be followed by the SVIA Ice Cream Social with ice cream donated by Dog Watch Cafe.

Program 3

Summer Concert Series - In Collaboration with La Grua In 1912 an "Old Timers' Concert" was held in Borough Hall to benefit the Village Improvement Society. This started a long tradition of the SVIA...

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Summer Concert Series - In Collaboration with La Grua In 1912 an "Old Timers' Concert" was held in Borough Hall to benefit the Village Improvement Society. This started a long tradition of the SVIA holding concerts, with local musicians, for public enjoyment. Through the decades, the concerts continued and moved to Wadawanuck Square for a period of time. The La Grua Center has established a very successful and enriched concert series in the Borough, and it made good sense to combine our tradition with their series - this has proved to be a wonderful collaboration. Today, the SVIA contributes to La Grua's summer Concerts on the Green series in order to support a local musician, or group, and to help with public awareness for Borough residents. Click here for more information.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $48,981
Program Service Revenue $30,815
Investment Income $15,413
Other Revenue $10,320
TOTAL REVENUE $105,529

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,956
Fundraising Expenses $0
Program Expenses $783,853
Other Expenses $783,937
TOTAL EXPENSES $802,893

Year-over-Year Comparison

2024 2023 Change
Revenue $105,529 $320,142 -0.7%
Expenses $802,893 $337,007 +1.4%
Net Income $-697,364 $-16,865 +40.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
N/A
Employees
N/A
Volunteers
25

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
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jaime Lewis Treasurer 4.00
Officer Director
$0 $0 $0
Jonathan Shockley Director 1.00
Director
$0 $0 $0
Tom Frohnapfel Director 1.00
Director
$0 $0 $0
Karen Appleman Director 3.00
Director
$0 $0 $0
Sally McBee Secretary 2.00
Officer Director
$0 $0 $0
Tim Metzger Director 1.00
Director
$0 $0 $0
Stephanie Ferguson Vice President 2.00
Officer Director
$0 $0 $0
John Stone Director 1.00
Director
$0 $0 $0
Brandon Watson President 4.00
Officer Director
$0 $0 $0
Ann Buffum Director 1.00
Director
$0 $0 $0
Annette Bieowski Director 1.00
Director
$0 $0 $0
Lori Dyer Director 3.00
Director
$0 $0 $0
Beth Nichols Director 1.00
Director
$0 $0 $0
Andrea Chalon Director 3.00
Director
$0 $0 $0
Mary Ettinger Director 1.00
Director
$0 $0 $0
Sandy Frohmson Director 1.00
Director
$0 $0 $0
Lindsay Harper Director 1.00
Director
$0 $0 $0
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 $105,529 $802,893 $311,313 $-697,364
2024 $320,142 $337,007 $1,038,924 $-16,865
2023 $353,387 $272,603 $1,009,805 $80,784
2022 $312,539 $355,079 $986,238 $-42,540
2021 $310,084 $206,392 $986,849 $103,692
2020 $221,398 $243,302 $845,967 $-21,904
2019 $247,717 $213,607 $878,471 $34,110
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