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EIN 03-0366744

Lake Champlain Opportunity Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Burlington
State
Vermont
Year formed
1999
Most recent tax filings
2023-09-01
NTEE code, primary
S30: Economic Development
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
$286,578
2023
Total expenses
$133,961
2023
Total assets
$1,151,949
2023
Num. employees
0
2023

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.

Who funds Lake Champlain Opportunity Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Antonio B and Rita M Pomerleau FoundationPledge 2 of 3$50,000
Vermont Community FoundationGeneral Purpose$20,000
Raymond James Charitable Endowment FundGeneral Support$10,000
...and 1 more grant received

Personnel at Lake Champlain Opportunity Fund

NameTitleCompensation
Thomas TortiChief Executive Officer$0
Patrick O'NeilVice President of Finance$0
Tom TortiPast Chief Executive Officer / Executive Director
Catherine DavisPresident

Financials for Lake Champlain Opportunity Fund

RevenuesFYE 09/2023
Total grants, contributions, etc.$232,934
Program services$61,650
Investment income and dividends$14,926
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-22,932
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$286,578

Form 990s for Lake Champlain Opportunity Fund

Fiscal year endingDate received by IRSFormPDF link
2023-092024-06-04990View PDF
2022-092023-08-08990View PDF
2021-092022-08-11990View PDF
2020-092021-08-02990View PDF
2019-092020-09-23990View PDF
...and 5 more Form 990s

Organizations like Lake Champlain Opportunity Fund

OrganizationLocationRevenue
Anderson CenterSaint Cloud, MN$1,217,538
Endeavor Puerto RicoSan Juan, PR$624,539
Blackstone Valley Hub for Workforce DevelopmentWhitinsville, MA$1,205,721
The MintRutland, VT$417,142
Leadership Clark CountyVancouver, WA$170,154
ProtechosSan Juan, PR$787,722
IAF NorthwestSeattle, WA$344,164
Lehigh Valley Inter-Regional Networking and Connecting ConsortiumBethlehem, PA$588,955
Entrepreneurs for Global ChangeNew York, NY$203,014
Leadership Foundation of Greater Las VegasLas Vegas, NV$624,057
Data update history
August 25, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from Fore Aces Family Foundation
August 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
December 23, 2023
Received grants
Identified 2 new grant, including a grant for $50,000 from Antonio B and Rita M Pomerleau Foundation
September 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 24, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Corporate foundationsEmployment organizationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
EducationCommunity improvementEconomic developmentBusiness and industry
Characteristics
State / local levelEndowed supportTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
60 Main St 100
Burlington, VT 05401
Metro area
Burlington-South Burlington, VT
County
Chittenden County, 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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