Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2005.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
5 people listed on the 990.
Karen Rockenstein’s $306 as Sec/Treas is at the 0th percentile of top reported officer pay among 1709 $100K–1M community development 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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Preserves historic buildings and recreation, helps businesses thrive, and revitalizes downtown to make the town attractive.
Questions for Volant Community Development Corporation
Your first name shows with your question. Volant Community Development Corporation answers here, for everyone.
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We are dedicated to maintaining and restoring the historic Volant Mills original stone milling of local organic grains. Thanks to awarded grants, we have successfully restored the circa 1900 grain milling equipment. Additionally, dam restoration grants have funded a new control gate structure essential for monitoring water flow.
We have established a vibrant forum to support and encourage local Amish craftsmen in the production and sale of their goods, including handcrafted furniture, rugs, quilts, and other home furnishings, as well as organic home-baked and canned goods.
We have developed and maintained a two-acre community park, featuring a spacious parking lot that serves both the downtown shopping district and the local Volunteer Fire Department for their occasional events. The park boasts a childrens playground and a trout fishing stream, which is a favorite spot for local fly fishermen.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $44K | $24K |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $1.3M | $1.3M |
| Total assetsLn 16 | $1.4M | $1.4M |
| LiabilitiesLn 26 | $145 | $118 |
| Net assetsLn 32 | $1.4M | $1.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $0 | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $52K | $46K | $6K | |
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $5K | $4K | $545 | |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $300 | $300 | ||
| Accounting feesLn 11c | $0 | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $774 | $774 | ||
| Office expensesLn 13 | $389 | $389 | ||
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $28K | $28K | ||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $0 | |||
| Other expenses (24a–d)Ln 24 | $160K | $160K | ||
| All other expensesLn 24e | $125 | $125 | ||
| Total functional expensesLn 25 | $246K | $239K | $7K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $225K | $246K | −$21K | $1.4M | 990 PDF |
| FY2023 | $235K | $293K | −$57K | $1.4M | 990 PDF |
| FY2022 | $301K | $283K | $18K | $1.4M | 990 PDF |
| FY2021 | $356K | $334K | $22K | $1.4M | 990 PDF |
| FY2020 | $301K | $263K | $38K | $1.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $225,268 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $225,268 across 8 lines filed
Part IX · Statement of functional expenses $245,797 across 31 lines filed
Part X · Balance sheet $1,358,872 assets, 17 lines filed
Part XI · Reconciliation of net assets $1,358,754 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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