Overview

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Est.

1992

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

Springfield Regional Development Corp is a nonprofit organization focused on economic development in the Springfield region. Its mission is to coordinate public and private efforts to attract new jobs and industry, as well as rehabilitate former manufacturing facilities. With an operating budget of $446.1K and total revenue of $510.7K for the 2024 filing year, the organization relies on a significant funding source, with one unknown funder contributing $5M, accounting for a substantial portion of its revenue. For more information, visit www.springfielddevelopment.org.

Mission Statement

Regional Development Center To coordinate public and private efforts to bring new jobs and industry to the region; to rehabilitate former manufacturing facilities and put
Revenues
$510.7K
Expenses
$446.1K
Net Income:
+$64.6K
Assets
$3.7M
Liabilities
$2.8M
Net Assets:
+$925.2K
Operating Budget
$446.1K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$25.1K
Largest grant received
$25.1K
R
Robert Flint
Board Member
P
Patti Putnam
Board Member
D
Doug Gurney
Board Member

Frequently Asked Questions

What is Springfield Regional Development Corp’s budget?
In 2024, Springfield Regional Development Corp reported an annual operating budget of around $446 thousand. More detailed financial information is available to registered users.
What causes does Springfield Regional Development Corp support?
Springfield Regional Development Corp supports work in Economic development.
Where does Springfield Regional Development Corp operate?
Springfield Regional Development Corp is headquartered in Springfield, VT.
Who funded Springfield Regional Development Corp recently?
In 2021, Springfield Regional Development Corp received grants from BRATTLEBORO DEVELOPMENT CREDIT CORP, BRATTLEBORO DEVELOPMENT CREDIT CORP, and BRATTLEBORO DEVELOPMENT CREDIT CORP. More information on this organization’s funders is available to registered users.
What is the largest grant Springfield Regional Development Corp received in 2021?
The largest grant to Springfield Regional Development Corp in 2021 exceeds $25 thousand.
What is Springfield Regional Development Corp’s reliance on government grants?
Springfield Regional Development Corp relied on government grants for more than 65% of their total revenue in 2024.