Nonprofit · EIN 03-0284825
THE CURRENT INC
Also known as THE CURRENT
Tax-exempt · STOWE, VT 05672
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $762,687 | $914,369 | -$151,682 | $1,476,685 | $85,793 | $1,390,892 |
| December 31, 2023 | 990 | $704,279 | $831,087 | -$126,808 | $1,631,523 | $97,615 | $1,533,908 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $461,734
- of which government grants
- $15,000
- Membership dues
- $17,727
- Program service revenue
- $179,201
- Investment income
- $10,615
- Net gain from sales of assets
- $1,588
- Net income from fundraising events
- $94,186
- Net income from gaming
- $15,300
- Net income from sales of inventory
- $1,651
- Other revenue
- $111,137
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $107,512
- Other salaries and wages
- $352,388
- Salaries, compensation and benefits (total)
- $532,629
- Professional fundraising fees
- $0
- Accounting fees
- $3,300
- Occupancy
- $16,573
- Travel
- $870
- Depreciation
- $9,287
- Program services (functional)
- $585,298
- Management and general (functional)
- $157,781
- Fundraising (functional)
- $171,290
Balance sheet and other
- Total assets, start of year
- $1,631,523
- Total assets, end of year
- $1,476,685
- Total liabilities, end of year
- $85,793
- Net assets, end of year
- $1,390,892
- Land, buildings and equipment
- $260,613
- Publicly traded securities
- $326,538
- Gross receipts
- $882,879
- Employees
- 17
- Volunteers
- 30
- Year formed
- 1982
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL MOORE | EXECUTIVE DI Officer | 40 | $106,677 |
| SOPHIE BRECHU-WEST | TRUSTEE Trustee or director | 1 | $0 |
| KRISTY CARLSON | TRUSTEE Trustee or director | 1 | $0 |
| REBECCA CHASE | CHAIR Officer | 1 | $0 |
| CHRISTOPHER DOYLE | TRUSTEE Trustee or director | 1 | $0 |
| PAUL HERTZ | TRUSTEE Trustee or director | 1 | $0 |
| MAIYA KECK | TRUSTEE Trustee or director | 1 | $0 |
| DAMON LEE | TREASURER Officer | 1 | $0 |
| KENDLY LEE | TRUSTEE Trustee or director | 1 | $0 |
| DIANE LOONEY | TRUSTEE Trustee or director | 1 | $0 |
| LISA MACALASTER | TRUSTEE Trustee or director | 1 | $0 |
| SARA MAHER | SECRETARY Officer | 1 | $0 |
| HINDA MILLER | TRUSTEE Trustee or director | 1 | $0 |
| COURTNEY PERCY | VICE CHAIR Officer | 1 | $0 |
| GREG POPA | TRUSTEE Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARLA RAIMUNDI | TRUSTEE Trustee or director | 1 | $0 |
| BERENICE FERNANDEZ SARAFZADEH | TRUSTEE Trustee or director | 1 | $0 |
| EDEE SIMON | TRUSTEE Trustee or director | 1 | $0 |
| MOLLY TRIFFIN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RACHEL MOORE | EXECUTIVE DI Officer | 40 | $108,327 | $5,324 |
| DAMON LEE | TREASURER Officer | 1 | $0 | $0 |
| PAUL HERTZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER DOYLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SOPHIE BRECHU-WEST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIAN HAMOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REBECCA CHASE | CHAIR Officer | 1 | $0 | $0 |
| DIANE LOONEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOLLY TRIFFIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LISA MACALASTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KARLA RAIMUNDI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREG POPA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KRISTY CARLSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MAIYA KECK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EDEE SIMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SARA MAHER | SECRETARY Officer | 1 | $0 | $0 |
| COURTNEY PERCY | VICE CHAIR Officer | 1 | $0 | $0 |
| BERNICE FERNANDEZ SARAFZADEH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HINDA MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 411, STOWE, VT 05672-0411
- Principal officer (990 for 2024)
- REBECCA CHASE, PO BOX 411, STOWE, VT 05672
- Signed the 990
- RACHEL MOORE, EXECUTIVE DIRECTOR
- Phone
- (802) 253-8358
- Website
- WWW.THECURRENTNOW.ORG
- Return prepared by
- MARCKRES NORDER AND COMPANY INC
Mission
THE CURRENT, INC. IS A MEMBER SUPPORTED, COMMUNITY ARTS AND EDUCATION NON-PROFIT ORGANIZATION, WHOSE MISSION IS TO ENHANCE THE HUMAN EXPERIENCE THROUGH THE VISUAL ARTS.
Program accomplishments
- EDUCATION-ADULT AND YOUTH PROGRAMS OFFERED CLASSES, WORKSHOPS, AND FAMILY EVENTS THIS YEAR. EXHIBITIONS - CURATED AND PRODUCED 7 EXHIBITIONS. PUBLIC PROGRAMMING IN THE FORM OF ARTIST TALKS, ACADEMIC PANELS, AND WORKSHOPS ACCOMPANY THE EXHIBITIONS. WE WORK WITH LOCAL AND REGIONAL SCHOOLS WHO RECEIVE GUIDED TOURS OF THE EXHIBITS AND TRANSPORTATION STIPENDS TO PAY FOR BUSSING FEES. WE OFFER PUBLIC ACTIVITIES, A HANDS-ON ROOM WITH ACTIVITIES FOR EVERY EXHIBITION, DROP-IN PRE-K ART PLAY AND TEEN STUDIOS, AND ADMISSION TO THE GALLERY AND PUBLIC TALKS ARE ALWAYS FREE.Expenses $585,298 · revenue $180,852
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0284825
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A400)
- Assets (IRS master file)
- $1,476,685
- Income (IRS master file)
- $882,879
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $762,687 | $914,369 | $1,476,685 | XML |
| 990 | December 2023 | $704,279 | $831,087 | $1,631,523 | XML |
| 990 | December 2022 | $649,342 | $723,962 | $1,707,368 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0284825).
Questions about THE CURRENT INC
- What is the EIN of THE CURRENT INC?
- The employer identification number (EIN) of THE CURRENT INC is 03-0284825.
- Is THE CURRENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to THE CURRENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE CURRENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE CURRENT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE CURRENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE CURRENT INC?
- The 990 for the year ended December 31, 2024 names REBECCA CHASE.
- Who are the officers and directors of THE CURRENT INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $106,677 (RACHEL MOORE, EXECUTIVE DI).
- How much revenue does THE CURRENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $762,687, expenses of $914,369 and total assets of $1,476,685 at year end.
Other nonprofits in STOWE
- SPRUCE PEAK ARTS CENTER FOUNDATION INC EIN 90-0146728 · last filed 990 for 2025
- STOWE STORY LABS EIN 47-3208321 · last filed 990 for 2025
- ARGENTINE-TANGO SOCIETY EIN 06-1639338 · last filed 990-PF for 2024
- STOWE PERFORMING ARTS INC EIN 03-0261081 · last filed 990 for 2024
- STOWE HISTORICAL SOCIETY INC EIN 03-6009423 · last filed 990-EZ for 2025
- STOWE VOLUNTEER FIREFIGHTERS INC EIN 03-0324655 · last filed 990-EZ for 2023
- STOWE PLAYHOUSE INC EIN 22-2777161 · last filed 990-N for 2025
- VERMONT CONTEMPORARY ART SPACE EIN 82-1445113 · last filed 990-N for 2024
All nonprofits in STOWE · Vermont · Arts, culture and humanities