Northeast Kingdom Collaborative INC: Nonprofit Profile, Financials & Form 990 (EIN 20-4263581)

Revenue by fiscal year
FY2021	$108K
FY2023	$173K
FY2024	$313K
FY2024	$187K

Expenses by fiscal year
FY2021	Not on file
FY2023	Not on file
FY2024	$300K
FY2024	$215K

Net assets by fiscal year
FY2021	$23K
FY2023	$47K
FY2024	$83K
FY2024	$56K

Northeast Kingdom Collaborative INC Form 990 (PDF) Claim this org

Form 990 (PDF) Claim this org

Status and standing

Is it real, and can you give to it?

Tax-deductible?

Yes

Per the IRS master file.

Can I give now?

No revocation on IRS record

Not on the IRS revocation list.

Filing up to date?

Filed FY2024 (typical filing lag)

Legal name (IRS)Hdr · item CNortheast Kingdom Collaborative INC

EINHdr · item D20-4263581

Exempt statusHdr · item I501(c)(3) · active

Ruling yearIRS BMFMay 2020

Year of formationHdr · item L2021

Latest filingForm 990FY2024 · Form 990

Principal addressHdr · item CSaint Johnsbury, VT

NTEE classificationIRS BMFArts & Culture (A12)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

49%

51%

Program services $0.49 Management & general $0.51

Program services49%$105K

Management & general51%$109K

Total functional expensesLn 25$215K

Financial health

Is it on solid ground?

Program efficiency

49%

of spending reaches programs▼ -21% vs prior filing year

Operating runway

3.2mo

months of highly liquid reserves at operating expense rate▼ -6% vs prior filing year

Surplus margin

-15%

revenue over expenses, this year▼ -454% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Total assets

$57K

FY2024▼ -33%

Total assets by fiscal year
FY2021	Not on file
FY2023	Not on file
FY2024	$85K
FY2024	$57K

Total liabilities

$1K

FY2024▼ -42%

Total liabilities by fiscal year
FY2021	Not on file
FY2023	Not on file
FY2024	$2K
FY2024	$1K

Revenue less expensesPt I · Ln 19−$27K

Total assetsPt X · Ln 16$57K

Program-expense ratioPt IX · col B49%

Voting members of governing bodyPt I · Ln 34

Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year

CashLn 1$57K

Total assetsLn 16$57K

Total liabilitiesLn 26$1K

Total net assetsLn 32$56K

Months of cash on handcomputed3.2

Statement of Revenue

Part VIII

Contributions & grants100%$187K

— government grantsLn 1e$168K

Total revenueLn 12$187K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $57K · Operating expenses/yr $215K

3.2 months

Where the money goes

Program services

Program services $105K · Total expenses $215K

49%

Management & General

Management & general $109K · Total expenses $215K

51%

Fundraising

Fundraising $0 · Total expenses $215K

Cost to raise $1

Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $20K

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $187K · Total revenue $187K

100%

Government reliance

Government grants $168K · Total revenue $187K

90%

Earned-income share

Program service revenue $0 · Total revenue $187K

Investment reliance

Investment income $0 · Total revenue $187K

Program self-sufficiency

Program service revenue $0 · Total expenses $215K

Growth & trend

Revenue growth (YoY)

This year $187K · Prior year $313K

-40%

Net-asset trend (YoY)

End of year $56K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $187K · Expenses $215K

-15%

Liabilities-to-Assets

Total liabilities — · Total assets $57K

—

Net-asset ratio

Net assets $56K · Total assets $57K

98%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $57K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Jennifer Carlo · Reported title Director · Highest reported compensation $0 · Total expenses $215K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $98K · Total expenses $215K

46%

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	49%	—	—
Overhead ratio	51%	—	—
Revenue growth	-40%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Jennifer Carlo

Director

$0Pt VII · Sec A

Tom Lovett

Chair

$0Pt VII · Sec A

Jody Fried

Chairman of Board

$0Pt VII · Sec A

David Snedeker

Treasurer

$0Pt VII · Sec A

Kathy Austin

Secretary

$0Pt VII · Sec A

Jennifer Carlo’s $80K as Director is at the 75th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Governance & Policies

Part VI

4Voting board membersPt VI · Ln 1a
–Independent board membersPt VI · Ln 1b
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
Top official’s pay independently reviewedPt VI · Ln 15aYes
Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds community organizations to benefit local towns.

Provided by the organization

This section is blank until Northeast Kingdom Collaborative INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $105K of program spending, described in the organization's own filed words · FY2024.

St Johnsbury Community Hub Kingdom Trails Welcome Center Northeast Kingdom Organizing

$105Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

Vermont Council on Rural Development INCFY2025$14K

Total grants receivedfrom 1 funder$14K

Filing history

Every return on file.

Year	Revenue	Expenses	Change	Filing
FY2024	$313K	$300K	+81%	990 PDF
FY2023	$173K	—	+60%	990 PDF
FY2022	Not on file
FY2021	$108K	—		990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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