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Organizations Community Improvement & Capacity Building Lake Champlain Opportunity Fund Inc.

Lake Champlain Opportunity Fund Inc.

Fiscal year ending 2021. Filed on August 11, 2022.

60 Main Street No 100
Burlington, Vermont 05401

Lake Champlain Opportunity Fund Inc. (EIN: 03-0366744) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2021 IRS Form 990 filing, Lake Champlain Opportunity Fund Inc., a 501(c)(3) charitable organization, reported compensation for 1 employee. Among the employees shown here, the average compensation is $172,852. The highest compensated employee at Lake Champlain Opportunity Fund Inc. is Thomas Torti with fiscal year 2021 compensation of $172,852. Lake Champlain Opportunity Fund Inc. changed its name from Lake Champlain Lifelong Learning Fund Inc. in 2021.

Revenue, expenses, and employee compensation

Revenue

$987,053

Expenses

$266,206

Employee compensation

$191,250
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Thomas Torti
Chief Executive Officer
$172,852
$0 $161,358 $11,494

Benchmark Employee Compensation

Non-Employee Board Members

Patrick O'Neil
Secretary
$94,912
$0 $89,879 $5,033
Cathy Davis
Director
$89,633
$0 $72,584 $17,049
Lisa Kingsbury
Director
No compensation reported
Ashley Wainer
Director
No compensation reported
Greg Maguire
Director
No compensation reported

Mission Statement

THE PURPOSE OF THIS NON-PROFIT ORGANIZATION IS TO DEVELOP AND IMPLEMENT WORKFORCE DEVELOPMENT STRATEGIES THAT SUPPORT BUSINESS AND INDUSTRY PRIMARILY IN OUR REGION OF VERMONT (CHITTENDEN COUNTY) AND STATEWIDE. THESE STRATEGIES INCLUDE THE LAUNCHVT INITIATIVE.

Revisions to this organization profile

July 16, 2025:
2024 Lake Champlain Opportunity Fund Inc. 990 filed
June 4, 2024:
2023 Lake Champlain Opportunity Fund Inc. 990 filed
August 8, 2023:
2022 Lake Champlain Opportunity Fund Inc. 990 filed

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