Vermont · Nonprofit
Franklin County Industrial Development Corporation
Franklin County Industrial Development Corporation (Vermont) receives grants from 3 organizations whose IRS filings report $139,026 to it, the largest being CHAMPLAIN HOUSING TRUST ($120,000). 0 of them have funded it in more than one year.
- Revenue FY2025
- $849k
- Funders on record
- 3
- Grants received
- $139k
- Net assets
- $4.7M
What Franklin County Industrial Development Corporation does
Mission
To promote development and growth of private industry in the greater St. Albans area and Franklin County as a whole
As stated on its FY2025 Form 990.
Programs
To provide rental space to businesses in order to further encourage the development of industry in Franklin County.
$422,521 spent$442,083 earned by the program80% of program spendingTo provide loans to area businesses and municipalities for acquisition and expansion purposes to provide revolving loans for the creation of employment opportunities and/or the maintenance of existing jobs, particularly for the benefit of low income persons, displaced farm families and farm families needing to supplement their income. These funds are to be used for the purchase or expansion of land, buildings, machinery or equipment, start-up costs, feasibility studies or other working capital.
$98,526 spent$20,395 earned by the program19% of program spendingTo provide loans to area businesses and municipalities for acquisition and expansion purposes.
$4,030 spent1% of program spendingProgram Service Expenses 75, Grants and allocations 0, Revenue 15,235 To provide rental space in a multi-tenant building to businesses for the purpose of promoting economic development in Franklin County.
$75 spent$15,235 earned by the program0% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $525,152.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $18M to $10M (−43%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 24% · 2018 13% · 2019 8% · 2020 7% · 2021 11% · 2022 10% · 2023 45% · 2024 21% · 2025 27%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Timothy Smith
Executive Director
Board chair
Mark Lareau
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of Franklin County Industrial Development Corporation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Franklin County Industrial Development Corporation leans on a few funders — its largest provides 86% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Franklin County Industrial Development Corporation.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of Franklin County Industrial Development Corporation's grant income comes from Vermont funders.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding Franklin County Industrial Development Corporation receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $180k on record.
- Department of Agriculture$180k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Franklin County Industrial Development Corporation
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Vermont
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
62% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for Franklin County Industrial Development Corporation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Franklin County Industrial Development Corporation?
- Franklin County Industrial Development Corporation (Vermont) receives grants from 3 organizations whose IRS filings report $139,026 to it, the largest being CHAMPLAIN HOUSING TRUST ($120,000). 0 of them have funded it in more than one year.
- How many funders does Franklin County Industrial Development Corporation have?
- IRS filings report 3 organizations giving $139,026 in grants to Franklin County Industrial Development Corporation.
- Who is the largest funder of Franklin County Industrial Development Corporation?
- CHAMPLAIN HOUSING TRUST is the largest funder on record, with $120,000 in grants. The full list of funders is on this page.
- How can an organization like Franklin County Industrial Development Corporation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Vermont. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Franklin County Industrial Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing