Goethe Community Trust INC

Tax-deductible

Burlington, VT501(c)(3)EIN 87-3095245Revenue $83K in FY2024

On file with the IRSnorthstarcommunityhall.org20 Crowley St, 05401-5138 · Burlington, VTTax-exempt since Nov 2021Publicly supported — 509(a)(2)

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To maintain the historic Goethe Lodge building in Burlington, VT as a community center, for the benefit and education of the public; to make the community center available for performance arts, dance, rehersals, meetings and events for groups with common interests.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $34K a year · 24% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$512
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$83K
-57% vs prior year
Spent
$98K
To programs
100%
Net assets
$374K
By yearFY2023–FY2024
Revenue
$83K
FY2024▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2023$196K
FY2024$83K
Expenses
$98K
FY2024▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2023$112K
FY2024$98K
Net assets
$374K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2023$389K
FY2024$374K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $98K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Goethe Community Trust INC executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Maintains a historic building as a community center for arts, meetings, and events.

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Provided by the organization

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1 program · $98K · in their own filed words · FY2024
01

To make the historic Goethe Lodge community center available for performance arts, dance, rehearsals, meetings and events for groups with common interests.

$98Kprogram expense

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 · FY2024
Total grants receivedfrom 1 funder$26K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$83K
Ln 12
Gifts and grantsLn 1h$55K
Fees for servicesLn 2g$28K
Money outPt IX
$98K
Ln 25
Programscol B$98K
Owns and owesPt X
$374K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$374K
LiabilitiesLn 26$512
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$28K
Total revenueLn 12$83K
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
Land, buildings, equipmentLn 10c$341K
Total assetsLn 16$374K
LiabilitiesLn 26$512
Net assetsLn 32$374K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$59K$31K
Land, buildings, equipmentLn 10c$328K$341K
Total assetsLn 16$389K$374K
LiabilitiesLn 26$0$512
Net assetsLn 32$389K$374K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$3K$3K
OccupancyLn 16$14K$14K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$65K$65K$0$0
All other expensesLn 24e$2K$2K$0$0
Total functional expensesLn 25$98K$98K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $83K$98K−$15K$374K 990 PDF
FY2023 $196K$112K$83K$389K 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
See the full FY2024 990 (6 parts)
Part I · Summary $83,257 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $174,205$54,859
I-9 Program service revenuePrior year $21,342$28,398
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $195,547$83,257
I-13 Grants and similar amounts paidPrior year $100$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $112,266$98,376
I-18 Total expensesPrior year $112,366$98,376
I-19 Revenue less expensesPrior year $83,181−$15,119
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $83,257 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$3,480
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$51,379
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$54,859
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,398 · Unrelated business $0 · Excluded from tax $0$28,398
VIII-12 Total revenueRelated to mission $28,398 · Unrelated business $0 · Excluded from tax $0$83,257
Part IX · Statement of functional expenses $98,376 across 6 lines filed
IX-11g Other fees for servicesPrograms $9,699$9,699
IX-13 Office expensesPrograms $3,161$3,161
IX-16 OccupancyPrograms $14,282$14,282
IX-23 InsurancePrograms $4,168$4,168
IX-24 Other expenses (24a–d)Programs $65,343 · Management $0 · Fundraising $0$65,343
IX-24e All other expensesPrograms $1,723 · Management $0 · Fundraising $0$1,723
IX-25 Total functional expensesPrograms $98,376 · Management $0 · Fundraising $0$98,376
Part X · Balance sheet $374,023 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $58,770$30,930
X-4 Accounts receivableStart of year $810$2,156
X-9 Prepaid expenses and deferred chargesStart of year $950$280
X-10c Land, buildings and equipment, netStart of year $328,100$340,657
X-16 Total assetsStart of year $388,630$374,023
X-17 Accounts payable and accrued expensesStart of year $0$512
X-26 Total liabilitiesStart of year $0$512
X-32 Total net assets or fund balancesStart of year $388,630$373,511
X-33 Total liabilities and net assetsStart of year $388,630$374,023
Part XI · Reconciliation of net assets $373,511 net assets at year end
XI-1 Total revenue$83,257
XI-2 Total expenses$98,376
XI-3 Revenue less expenses−$15,119
XI-4 Net assets at start of year$388,630
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$373,511

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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