CENTER ON RURAL INNOVATION INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
CENTER ON RURAL INNOVATION INC (EIN 82-4508477)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-09
IRS object ID
202033149349300318
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-09T07:42:57-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN203985546PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JOHNSON O'CONNOR FERON & CARUCCI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1101 EDGEWATER DRIVE SUITE 210AddressLine1Txt
CityWAKEFIELDCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01880ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN824508477EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CENTER ON RURAL INNOVATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCENTBusinessNameControlTxt
Phone8024364100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 392AddressLine1Txt
CityHARTLANDCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05048ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEFF FOURNIERPersonNm
Person TitleDIR. OF FINANCE & SUPPORT OPER.PersonTitleTxt
Phone8024364100PhoneNum
Signature2020-11-02SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGISO JOSEPHPreparerPersonNm
PTINP00030126PTIN
Phone7819143400PhoneNum
Preparation2020-10-22PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address96.230.50.122IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-02IPDt
IP Tm10:01:07IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id9EFD6D159D202A0741FC2E70A744A84443C946AAAtSubmissionCreationDeviceId
At Submission Filing Device IdF9D5E147244E3FD2A9A8C915F2AA4B6062854F89AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJEFF FOURNIERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 392AddressLine1Txt
CityHARTLANDCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05048ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,825,858GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://RURALINNOVATION.USWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2018FormationYr
Legal Domicile StateVTLegalDomicileStateCd
Activity Or MissionTHE CENTER ON RURAL INNOVATION (CORI) USES PROGRESSIVE PUBLIC, PRIVATE, AND PHILANTHROPIC PARTNERSHIPS AND STRATEGIES TO ACHIEVE SUSTAINABLE ECONOMIC SUCCESS IN RURAL AMERICA. OUR ACTIVITIES ARE DESIGNED TO ATTRACT PARALLEL AND FOLLOW-ON INVESTMENT, CREATING MOMENTUM FOR FULL ECONOMIC RENEWAL. OUR GOAL IS TO DEVELOP A REPLICABLE AND SCALABLE PARADIGM FOR ECONOMIC DEVELOPMENT ACROSS RURAL AMERICA.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$518,815PYContributionsGrantsAmt
CY Contributions Grants$1,825,189CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$110PYInvestmentIncomeAmt
CY Investment Income$669CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$518,925PYTotalRevenueAmt
CY Total Revenue$1,825,858CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$125,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$97,146PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$223,910CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$39,926CYTotalFundraisingExpenseAmt
PY Other Expenses$109,380PYOtherExpensesAmt
CY Other Expenses$749,984CYOtherExpensesAmt
PY Total Expenses$206,526PYTotalExpensesAmt
CY Total Expenses$1,098,894CYTotalExpensesAmt
PY Revenues Less Expenses$312,399PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$726,964CYRevenuesLessExpensesAmt
Total Assets BOY$312,399TotalAssetsBOYAmt
Total Assets EOY$1,080,336TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$40,973TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$312,399NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,039,363NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE CENTER ON RURAL INNOVATION (CORI) USES PROGRESSIVE PUBLIC, PRIVATE, AND PHILANTHROPIC PARTNERSHIPS AND STRATEGIES TO ACHIEVE SUSTAINABLE ECONOMIC SUCCESS IN RURAL AMERICA. OUR ACTIVITIES ARE DESIGNED TO ATTRACT PARALLEL AND FOLLOW-ON INVESTMENT, CREATING MOMENTUM FOR FULL ECONOMIC RENEWAL. OUR GOAL IS TO DEVELOP A REPLICABLE AND SCALABLE PARADIGM FOR ECONOMIC DEVELOPMENT ACROSS RURAL AMERICA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$308,920ExpenseAmt
Grant$125,000GrantAmt
DescDATA AND MAPPING: RURAL OPPORTUNITY MAPPINGTHE CENTER IS IN MIDST OF CREATING AN OPEN-SOURCE, WEB-BASED GEOSPATIAL MAPPING PLATFORM TO CATALYZE MORE IMPACTFUL PHILANTHROPY, POLICY, AND INVESTMENT IN RURAL AMERICA. THE CENTER INTENDS FOR THIS RURAL OPPORTUNITY MAP TO BECOME A FOUNDATIONAL RESOURCE FOR NONPROFITS, POLICYMAKERS, INVESTORS, ACADEMICS, AND JOURNALISTS, ENABLING THEM TO BETTER UNDERSTAND THE CHALLENGES AND OPPORTUNITIES ACROSS RURAL AMERICA, DEVISE BETTER STRATEGIES FOR PROGRAMMING AND ENGAGEMENT, ANDMAKE MORE EFFICIENT USE OF RESOURCES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$128,000ExpenseAmt
DescSPRINGFIELD WAS ONCE THE CENTER OF VERMONT'S INNOVATION ECONOMY. TODAY, LIKE MANY RURAL PLACES, IT HAS STRUGGLED TO REINVENT ITSELF. SPRINGFIELD REGIONAL DEVELOPMENT CORPORATION (SRDC) AND THE CENTER ON RURAL INNOVATION (CORI) HAVE PARTNERED WITH OTHER LOCAL, STATE, AND NATIONAL ORGANIZATIONS TO CATALYZE SPRINGFIELD'S TRANSFORMATION TO A DIGITAL ECONOMY WITH THE LAUNCH OF THE BLACK RIVER INNOVATION CAMPUS (BRIC). LEVERAGING THE COMMUNITY'S FASTEST INTERNET SPEEDS IN THE COUNTRY (10 GIGABIT), BRIC'S AIM IS TO EDUCATE AND TRAIN SPRINGFIELDERS IN DIGITAL SKILLS, EMPLOY THEM IN DIGITAL ECONOMY JOBS, AND EMPOWER THEM TO LAUNCH STARTUPS THAT WILL CONTINUE TO DRIVE SPRINGFIELD'S DIGITAL ECONOMY. CORI HAS FACILITATED GRANT APPLICATIONS TO BRIC IN SUPPORT OF PROGRAMS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$305,003ExpenseAmt
DescTHE RURAL INNOVATION INITIATIVE (RII) DELIVERS TECHNICAL ASSISTANCE TO A BROAD RANGE OF COMMUNITIES AS THEY DEVELOP INNOVATION HUB STRATEGIES. THESE STRATEGIES SUPPORT AN ECONOMIC DEVELOPMENT MODEL THAT WORKS TO EDUCATE AND TRAIN LOCAL RESIDENTS IN DIGITAL SKILLS, EMPLOY THEM IN NEW ECONOMY JOBS, AND EMPOWER THEM TO LAUNCH THE STARTUPS THAT WILL DRIVE THEIR DIGITAL ECONOMY. PARTICIPATING COMMUNITIES JOIN THE RURAL INNOVATION NETWORK, CONNECTING WITH OTHER RURAL COMMUNITIES, AND RECEIVING ACCESS TO ADDITIONAL SUPPORT TO DEVELOP THEIR COMMUNITY EFFORTS. MUCH OF THIS SUPPORT IS FUNDED THROUGH A COOPERATIVE AGREEMENT BETWEEN THE ECONOMIC DEVELOPMENT AGENCY & RURAL INNOVATION STRATEGIES, INC., OUR SISTER ORGANIZATION. FUNDS FROM CORI PROVIDE ADDITIONAL SUPPORT TO COMMUNITIES OUTSIDE OF THE EDA SUPPORTED EFFORTS. IN 2019 THIS FOCUSED ON A MAJOR CONVENING OF THE COHORT OF SELECTED COMMUNITIES, IN ADDITION TO VARIOUS THOUGHT LEADERSHIP, COMMUNICATION EFFORTS, ADMINISTRATIVE SUPPORT.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$104,824ExpenseAmt
DescCIF MANAGEMENT IS A WHOLLY-OWNED SUBSIDIARY OF CORI WHICH PROVIDES MANAGEMENT OF THE CORI INNOVATION FUND. THE FUND RAISES CAPITAL TO INVEST IN GROWTH BUSINESSES LOCATED IN QUALIFIED OPPORTUNITY ZONES IN THE UNITED STATES TO ENHANCE ECONOMIC GROWTH AND JOB CREATION IN SMALL COMMUNITIES. THE FUND FINDS ATTRACTIVE TECHNOLOGY-ENABLED OPERATING BUSINESSES IN RURAL GEOGRAPHIES, WHICH ARE UNDER-SERVED BY TRADITIONAL VENTURE CAPITAL INSTITUTIONS. WE IDENTIFY, FUND, AND SUPPORT THE BEST TECH ENTREPRENEURS AMERICAN SMALL TOWNS HAVE TO OFFER. CORI SUPPORT WAS USED TO DESIGN, STRUCTURE, AND LAUNCH THE CORI INNOVATION FUND.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$104,824TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$846,747TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldVTStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JEFF FOURNIER DIR OF FINANCE & SUPPORT OPERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8024364100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 392AddressLine1Txt
CityHARTLANDCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05048ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
MATT DUNNE
DIRECTOR, EXECUTIVE DIRECT40.00Yes (X)Yes (X)$84,047$0$7,269
VINCENT FUSCA FORMER
OPERATIONS DIRECTOR40.00$41,140$0$1,646Yes (X)
JEFF NAVIN
DIRECTOR, CHAIR & PRESIDEN5.00Yes (X)Yes (X)$0$0$0
MARK BELIVEAU
DIRECTOR5.00Yes (X)$0$0$0
JAY BOREN
DIRECTOR, TREASURER5.00Yes (X)Yes (X)$0$0$0
ADAM QUINN
DIRECTOR5.00Yes (X)$0$0$0
LEE ROM
DIRECTOR5.00Yes (X)$0$0$0
STEPHANIE CORNELL
DIRECTOR5.00Yes (X)$0$0$0
FIONA SPRUILL
DIRECTOR5.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$125,187TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$8,915TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RURAL INNOVATION STRATEGIES INCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 202AddressLine1Txt
CityHARTLANDCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05048ZIPCd
FieldValueIRS element (for citing)
ServicesCONSULTING - PROJECT WORKServicesDesc
Compensation$787,564CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,825,189AllOtherContributionsAmt
Total Contributions$1,825,189TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$669TotalRevenueColumnAmt
Exclusion$669ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,825,858TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$669ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$125,000TotalAmt
Program Services$125,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$125,187TotalAmt
Program Services$95,461ProgramServicesAmt
Management And General$29,726ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$84,776TotalAmt
Program Services$58,846ProgramServicesAmt
Fundraising$25,930FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$2,700TotalAmt
Program Services$2,354ProgramServicesAmt
Fundraising$346FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,045TotalAmt
Fundraising$4,045FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$7,202TotalAmt
Program Services$5,247ProgramServicesAmt
Fundraising$1,955FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$43,658TotalAmt
Program Services$35,709ProgramServicesAmt
Management And General$7,949ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,769TotalAmt
Management And General$12,769ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$662,377TotalAmt
Program Services$507,237ProgramServicesAmt
Management And General$155,140ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$11,650TotalAmt
Program Services$4,000ProgramServicesAmt
Fundraising$7,650FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,981TotalAmt
Program Services$2,095ProgramServicesAmt
Management And General$886ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$10,772TotalAmt
Program Services$10,676ProgramServicesAmt
Management And General$96ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,805TotalAmt
Management And General$2,805ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescMISC. CONSULTANTSDesc
Total$2,972TotalAmt
Program Services$122ProgramServicesAmt
Management And General$2,850ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,098,894TotalAmt
Program Services$846,747ProgramServicesAmt
Management And General$212,221ManagementAndGeneralAmt
Fundraising$39,926FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$312,394BOYAmt
EOY$773,164EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$5BOYAmt
EOY$5EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$42,325EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$264,842EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$312,399BOYAmt
EOY$1,080,336EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$40,973EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$40,973EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$218,909BOYAmt
EOY$682,787EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$93,490BOYAmt
EOY$356,576EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$312,399BOYAmt
EOY$1,039,363EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$312,399BOYAmt
EOY$1,080,336EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$726,964ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$518,815CurrentTaxYearMinus1YearAmt
Current Tax Year$1,825,188CurrentTaxYearAmt
Total$2,344,003TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$110CurrentTaxYearMinus1YearAmt
Current Tax Year$669CurrentTaxYearAmt
Total$779TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$518,925CurrentTaxYearMinus1YearAmt
Current Tax Year$1,825,857CurrentTaxYearAmt
Total$2,344,782TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,763,444SubstantialContributorsTotAmt
Public Support Total170$581,338PublicSupportTotal170Amt
Total Support$2,344,782TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PAGE 2, SECTION B. LINE 13FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION'S EFFECTIVE DATE OF EXEMPTION WAS FEBRUARY 7, 2018, THE INITIAL SHORT YEAR OF THE ORGANIZATION.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdIRC SectionIRCSectionDescCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescPurpose Of GrantPurposeOfGrantTxt
BLACK RIVER INNOVATION CAMPUS
60 PARK STREETSPRINGFIELDVT05156501C3$50,000FMVGENERAL SUPPORT FOR THE BLACK RIVER INNOVATION CAMPUS (BRIC)
SPRINGFIELD VT SCHOOL DISTRICT
60 PARK STREETSPRINGFIELDVT05156VT PUBLIC SCHOOL DIS$75,000FMVTO SUPPORT COMPUTER SCIENCE EDUCATION PROGRAMMING: SALARY & BENEFITS FOR A FT COMPUTER SCIENCE TEACHER PLUS SUPPLIES AND MATERIALS. SPRINGFIELD SCHOOL DISTRICT
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION MONITORS EACH GRANT RECIPIENT AND HAS DEVELOPED BEST PRACTICES THAT INCORPORATE POLICIES, SYSTEMS, AND PROCEDURES FOR PRE-GRANT INQUIRY AND GRANT MONITORING REPORTING SIMILAR TO THE EXPENDITURE RESPONSIBILITY REQUIREMENTS FOR PRIVATE FOUNDATIONS. PROCEDURES VARYING DEPENDING ON THE PURPOSE, SIZE OF GRANT, AND TYPE OF GRANTEE, BUT GOOD DOCUMENTATION IS REQUIRED IN ANY CASE. FOR PRE-GRANT DUE DILIGENCE, THE ORGANIZATION HAS A POLICY SPECIFYING THE TYPES OF GRANTS AND AMOUNTS GIVEN, TYPES OF ORGANIZATIONS THAT QUALIFY, PURPOSES AND ACTIVITIES THAT QUALIFY, TIMELINES, THE APPLICATION AND APPROVAL PROCESS, RESPONSIBLE AND AUTHORIZED PERSONNEL, AND FILE MANAGEMENT AND RETENTION. ONCE A GRANT IS APPROVED, THE ORGANIZATION EXECUTES A GRANT AGREEMENT THAT DESCRIBES THE TERMS OF THE GRANT AND WHAT IS EXPECTED OF THE GRANTEE. IT MAY INCLUDE: O GRANTEE'S RESPONSIBILITIES O GRANTEE'S REPORTING REQUIREMENTS O GRANTOR'S RESPONSIBILITIES O AMOUNT OF THE GRANT AND PAYMENT SCHEDULE, INCLUDING PURPOSE OF GRANT AND DURATION O DESCRIPTION OF THE PROJECT THAT IS BEING FUNDED (SOMETIMES REFERENCES GRANT APPLICATION) O SPECIFICATIONS OF PROHIBITED USES OF THE GRANT FUNDSExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonMATT DUNNEPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionDIRECTOR OF CENTER ON RURAL INNOVATION, INC. & RURAL INNOVATION STRATEGIESRelationshipDescriptionTxt
Transaction$787,564TransactionAmt
TransactionRURAL INNOVATION STRATEGIES (RISI) PERFORMS CONTRACTUAL WORK FOR THE CENTER ON RURAL INNOVATION, INC. (CORI) AND ADDITIONAL CONSULTING WORK AS REQUIRED ON VARIOUS EXEMPT PURPOSE PROJECTS. MATT DUNNE IS THE EXECUTIVE DIRECTOR AND A BOARD MEMBER FOR CORI AND A BOARD DIRECTOR OF RISI.TransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED ELECTRONICALLY TO MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE COMMENTS. ANY COMMENTS ARE THEN PROVIDED TO THE OPERATIONS DIRECTOR WHO GROUPS AND SUMMARIZES COMMENTS AND IS RESPONSIBLE FOR FILING THE RETURN. ANY ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE CENTER'S CONFLICT OF INTEREST POLICY WAS ADOPTED ON MARCH 20, 2018. THE PURPOSE OF THIS CONFLICT OF INTEREST POLICY IS TO PROTECT THE INTERESTS OF CENTER ON RURAL INNOVATION,INC., WHEN IT CONTEMPLATES ENTERING INTO A TRANSACTION OR ARRANGEMENT WITH A COVERED PERSON. THIS CONFLICT OF INTEREST POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NONPROFIT ORGANIZATIONS. DUTY TO DISCLOSE. IN CONNECTION WITH ANY TRANSACTION OR ARRANGEMENT UNDER CONSIDERATION BY THE CORPORATION, A COVERED PERSON MUST DISCLOSE THE EXISTENCE OF SUCH COVERED PERSON'S OR ANY OTHER COVERED PERSON'S RELATED INTEREST TO THE DESIGNATED CONFLICT OF INTEREST OFFICER. EACH DIRECTOR, MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD OF DIRECTORS, PRINCIPAL OFFICER, MEMBER, EMPLOYEE HAVING RESPONSIBILITIES SIMILAR TO A DIRECTOR OR PRINCIPAL OFFICER, SUBSTANTIAL DONOR TO THE CORPORATION, OR ANY PERSON IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE CORPORATION SHALL, UPON FIRST ACCEDING TO SUCH OFFICE OR POSITION, AND THEN ANNUALLY THEREAFTER, SIGN AN ACKNOWLEDGEMENT FORM WHICH AFFIRMS THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, 2. HAS READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY, 3. HAS AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY, AND 4. UNDERSTANDS THE CORPORATION IS A SOCIAL WELFARE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION THE CORPORATION MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
FORM 990, PART VI, SECTION B, LINE 15THE CENTER'S BOARD WILL REVIEW THE AMOUNTS ALLOCATED FOR COMPENSATION AND CONFIRM THAT IT ALIGNS WITH COMPENSATION PAID TO COMPARABLE OFFICERS AND STAFF OF STARTUP NONPROFITS IN ORDER TO CONFIRM THAT THE CENTER PAYS NO MORE THAN MARKET RATE FOR SUCH COMPENSATION. TO ENSURE THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH ITS SOCIAL WELFARE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED BY THE BOARD. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: 1. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. 2. WHETHER TRANSACTIONS AND ARRANGEMENTS CONFORM TO THE CORPORATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER THE CORPORATION'S SOCIAL WELFARE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN "EXCESS BENEFIT" TRANSACTION.
FORM 990, PART VI, SECTION C, LINE 18THE ORGANZIATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON REQUEST; GUIDESTAR.ORG; AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANZIATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON REQUEST; GUIDESTAR.ORG; AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION.
FORM 990, PART IX, LINE 11GRURAL INNOVATION STRATEGIES, INC. (RISI): PROGRAM SERVICE EXPENSES 507,237. MANAGEMENT AND GENERAL EXPENSES 155,140. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 662,377.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1RURAL INNOVATION STRATEGIES INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 202AddressLine1Txt
CityHARTLANDCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05048ZIPCd
FieldValueIRS element (for citing)
EIN823594704EIN
Primary ActivitiesCONSULTINGPrimaryActivitiesTxt
Legal Domicile StateVTLegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd
Entity TypeCEntityTypeTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1RURAL INNOVATION STRATEGIES INC (RISI)BusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeMTransactionTypeTxt
Involved$787,564InvolvedAmt
Method Of Amount DeterminationBOOKMethodOfAmountDeterminationTxt

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