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Nonprofit · EIN 93-3425857

VALLEY HUB INC

Tax-exempt · ROCHESTER, VT 05767

Financials

$313K$4K2024
Revenue Expenses · by fiscal year end
Financials of VALLEY HUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$312,710$4,308$308,402$311,271$0$311,271
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$312,401
Program service revenue
$0
Investment income
$309
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$2,590
Program services (functional)
$1,080
Management and general (functional)
$3,228

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$311,271
Total liabilities, end of year
$0
Net assets, end of year
$311,271
Publicly traded securities
$307,089
Net assets without donor restrictions
$311,271
Gross receipts
$312,710
Employees
0
Volunteers
15
Year formed
2023
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.

NameTitleHours / weekCompensation
VICTOR RIBAUDOPRESIDENT
Trustee or director, Officer
2.2$0
KATHRYN SCHENKMANVICE PRESIDE
Trustee or director, Officer
1.9$0
SARA MARTIRESECRETARY
Trustee or director, Officer
0.4$0
ANDREW FERSCHBOARD MEMBER
Trustee or director
0.2$0
WALTER GOLUBBOARD MEMBER
Trustee or director
0.6$0
DONNA LINDSEYBOARD MEMBER
Trustee or director
0.3$0
ROBERT MEAGHERBOARD MEMBER
Trustee or director
0.4$0
PAM REITBOARD MEMBER
Trustee or director
0.3$0
MARGARET SCANLANBOARD MEMBER
Trustee or director
0.3$0

Address and contacts

Address (IRS master file)
PO BOX 27, ROCHESTER, VT 05767-0027
In care of
% VICTOR RIBAUDO
Principal officer (990 for 2024)
VICTOR RIBAUDO
Signed the 990
VICTOR RIBAUDO, PRESIDENT
Phone
(802) 431-8353
Return prepared by
MUDGETT JENNETT & KROGH-WISNER

Mission

VALLEY HUB INC IS A VERMONT NONPROFIT CORPORATION WITH A MISSION TO WORK FOR THE VITALITY AND SUSTAINABILITY OF THE ROCHESTER AREA COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • ROCHESTER HIGH SCHOOL REPURPOSING PROJECT - THE GOAL OF THIS PROJECT IS TO SUPPORT THE ADAPTIVE REUSE OF THE HIGH SCHOOL BUILDING AS A SELF-SUSTAINING COMMUNITY RESOURCE. IT WILL HOUSE A VARIETY OF COMMUNITY SERVICES, INCLUDING CHILDCARE, ADULT AND YOUTH EDUCATION, HEALTHCARE SERVICES, SENIOR SERVICES, ARTS PROGRAMS, A MAKER SPACE, RECREATION AND COMMERCIAL RENTALS. THE HIGH SCHOOL PROPERTY WAS OWNED BY THE ROCHESTER STOCKBRIDGE UNIFIED SCHOOL DISTRICT (RSUD) DURING ALL OF 2024.VALLEY HUB, INC (VHI) WORKED TO FACILITATE SALE OF THE HIGH SCHOOL TO THE TOWN OF ROCHESTER FOR FUTURE DEVELOPMENT INTO THE MULTIPURPOSE COMMUNITY CENTER, PLANNED FOR 2025. THIS WORK, CONDUCTED BY VHI VOLUNTEERS, INCLUDED PREPARING GRANTS FOR THE TOWN AND ORGANIZING COMPLIANCE REVIEWS WITH ENVIRONMENTAL AND OTHER APPLICABLE REGULATIONS. RSUD PLANNED TO RENT SPACE FROM THE TOWN IN THE HIGH SCHOOL. VHI IS NOT A PARTY TO THE LEASE. 2024 PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE THE FOLLOWING - - HELD PUBLIC INFORMATION MEETINGS ABOUT THE HIGH SCHOOL REPURPOSING PROJECT ON 6/10/24, 9/4/24 AND 10/29/24, AS WELL AS COMPOSED, PRINTED AND DISTRIBUTED INFORMATION MAILERS TO ALL ROCHESTER MAIL RECIPIENTS. - WORKED WITH THE VERMONT DEPARTMENT OF ENVIRONMENTAL CONSERVATION TO COMPLETE THE ENVIRONMENTAL ASSESSMENT OF THE HIGH SCHOOL PROPERTY, SPECIFICALLY PHASE 1 AND PHASE 2 OF THE BRELLA ASSESSMENT PROTOCOL; CERTIFICATE OF COMPLETION REPORTED OUT ON 4/16/24. - NEGOTIATED AGREEMENT WITH THE ROCHESTER STOCKBRIDGE UNIFIED SCHOOL DISTRICT TO LEASE SPACE IN THE FORMER HIGH SCHOOL, ALLOWING THE ADJACENT ROCHESTER ELEMENTARY SCHOOL TO EXPAND ITS CREATIVE ARTS CURRICULUM, USING THE ART ROOM, MUSIC ROOM, AUDITORIUM AND EVENTUALLY THE SHOPS. - COMPLETED MITIGATION OF 100 YEAR FLOODPLAIN HAZARD BY INSTALLATION OF TWO FLOOD DOORS ON THE HIGH SCHOOL BUILDING. - ACTIVATED THE NEW NON-PROFIT ENTITY VALLEY HUB, INC., WITH INITIAL BOARD OF DIRECTORS AND OFFICERS, WHO THEN ADOPTED THE BYLAWS AND MISSION STATEMENT. - INVENTORIED HIGH SCHOOL BUILDING CONTENTS AND BEGAN COLLABORATION WITH THE SCHOOL DISTRICT SUPERINTENDENT FOR DISPOSITION OF THE CONTENTS. - WON 2.3 MILLION CONGRESSIONALLY DIRECTED SPENDING AWARD FOR THE PROJECT, ON BEHALF OF THE TOWN. - WON 10,000 PLANNING GRANT EXTENSION FOR THE TOWN TO CONDUCT FURTHER ARCHITECTURAL INVESTIGATION OF DESIGN OPTIONS AND COSTS ESTIMATES FOR RENOVATION. - PROJECT WAS APPROVED FOR WAIVER OF HISTORIC PRESERVATION REQUIREMENTS BY VERMONT DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT - WORKED WITH TWO RIVERS TO ENABLE TOWN TO ISSUE GRANT-COMPLIANT RFP TO LIST OF ARCHITECTURAL FIRMS; ASSESSED RESPONSES AND RECOMMENDED WINNER TO TOWN OF ROCHESTER, WHICH WAS SELECTED. - OBTAINED SIGNED MOUS FROM 7 PROSPECTIVE TENANTS TO LEASE FINISHED SPACE IN THE REPURPOSED HIGH SCHOOL BUILDING.
    Expenses $1,080

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
93-3425857
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
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$311,271
Income (IRS master file)
$312,710

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$312,710$4,308$311,271XML

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 93-3425857).

Questions about VALLEY HUB INC

What is the EIN of VALLEY HUB INC?
The employer identification number (EIN) of VALLEY HUB INC is 93-3425857.
Is VALLEY HUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to VALLEY HUB INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VALLEY HUB 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 VALLEY HUB 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 VALLEY HUB 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 VALLEY HUB INC?
The 990 for the year ended December 31, 2024 names VICTOR RIBAUDO.
Who are the officers and directors of VALLEY HUB INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does VALLEY HUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $312,710, expenses of $4,308 and total assets of $311,271 at year end.

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