EIN 03-0366744

Lake Champlain Opportunity Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
1999
Most recent tax filings
2022-09-01
NTEE code, primary
Description
The Lake Champlain Opportunity Fund develops and implements workforce development strategies that support business and industry primarily in Chittenden County and statewide, including the Launchvt initiative. This non-profit organization works with community partners to provide business acceleration programs and resources that empower Vermonters to solve problems and create economic opportunity in their communities. Additionally, they accelerate the development of the 8 best emerging startups.
Related structure
Lake Champlain Opportunity Fund is a subordinate organization under Lake Champlain Regional Chamber of Commerce (LCRCC).
Also known as...
Lake Champlain Lifelong Learning Fund
Total revenues
$248,919
2022
Total expenses
$64,800
2022
Total assets
$1,032,024
2022
Num. employees
0
2022

Program areas at Lake Champlain Opportunity Fund

Launchvt works with its community partners to provide business acceleration programs and resources that empower vermonters to solve problems and create economic Opportunity in their communities. Launchvt accelerates the development of the 8 best emerging startups in Vermont by connecting them with each other, advisors, search providers, investors, and direct business development support. Launchvt react supports regional innovation spaces across Vermont to build successful cohort-based business development programs for local entrepeneurs. Launchvt nexus connects launchvt alumni and founders of mid-stage and emerging growth-stage businesses from across Vermont through a remote communication platform and in-person meetings.

Who funds Lake Champlain Opportunity Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Lake Champlain Regional Chamber of Commerce (LCRCC)Fundraising Support$33,079
American Endowment FoundationGeneral Operating Support$10,000
Fore Aces Family FoundationLaunchvt 2022 Sponsor$5,000

Personnel at Lake Champlain Opportunity Fund

NameTitleCompensation
Thomas TortiChief Executive Officer$0
Tom TortiPast Chief Executive Officer / Executive Director
Catherine DavisPresident
Patrick O'NeilSecretary$0
Cathy DavisPresident$0

Financials for Lake Champlain Opportunity Fund

RevenuesFYE 09/2022
Total grants, contributions, etc.$176,454
Program services$75,504
Investment income and dividends$5,081
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-9,020
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$900
Total revenues$248,919

Form 990s for Lake Champlain Opportunity Fund

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-08990View PDF
2021-092022-08-11990View PDF
2020-092021-08-02990View PDF
2019-092020-09-23990View PDF
2018-092019-08-17990View PDF
...and 4 more Form 990s
Data update history
September 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 24, 2023
Updated personnel
Identified 4 new personnel
August 21, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 19, 2023
Received grants
Identified 2 new grant, including a grant for $10,000 from American Endowment Foundation
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Employment organizationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
EducationCommunity improvementEconomic developmentBusiness and industry
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
60 Main St 100
Burlington, VT 05401
Metro area
Burlington-South Burlington, VT
Website URL
launchvt.com/ 
Phone
(802) 863-3489
IRS details
EIN
03-0366744
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1999
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Subordinate organization
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