Lake Champlain Opportunity Fund Inc
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.
Key facts about Lake Champlain Opportunity Fund Inc
In short: Lake Champlain Opportunity Fund Inc gave $45K across 2 grants in 2025 (avg $23K), mostly in Vermont. Source: 2025 IRS Form 990.
- EIN
- 03-0366744
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $45,000
- Grants made (2025)
- 2
- Average grant
- $22,500
- Median grant
- $22,500
- Total assets
- $1,441,302
- Primary geography
- Vermont (67% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$1.4M
+2.8% YoY
Annual Giving
$45K
+0.0% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$23K
+50.0% YoY
How Lake Champlain Opportunity Fund Inc gives
- Giving grew 125% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Lake Champlain Opportunity Fund Inc
Based on IRS filings
Lake Champlain Opportunity Fund Inc is a public charity focused on Community Improvement & Capacity Building, based in Burlington, VT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 2 grants totaling $45K. Net investment income was $45K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $5K (2020) to $45K (2025). In 2025 it made 2 grants totaling $45K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Generator Inc ($30K). Together the top 2 received $45K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Generator Inc Burlington, VT | Electronics Lab Upgrade | $30,000 |
| VSHIP Inc Everett, MA | Launchvt Demo Night Award | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,441,302 | $1,402,471 | $1,151,949 |
| Revenue | $178,842 | $418,978 | $286,578 |
| Expenses | $219,523 | $173,376 | $133,961 |
| Net Investment Income | $45,281 | $130,561 | $-8,006 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS August 12, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS August 2, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS June 4, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 16, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 4, 2026)
Leadership & Key People
Officers and directors from IRS filings
Lake Champlain Opportunity Fund Inc is led by Cathy Davis, President since 2022 (on filings since 2021); none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Cathy Davis
President
Director → President, 2022
On filings since 2021
1 hr/week
No compensation reported
Don Baker
Director
On filings since 2022
1 hr/week
No compensation reported
Mike Keller
Director
On filings since 2022
1 hr/week
No compensation reported
Stephanie Miller Taylor
Director
On filings since 2022
1 hr/week
No compensation reported
Dave Lane
Director
On filings since 2024
1 hr/week
No compensation reported
Heather Ross
Director
On filings since 2024
1 hr/week
No compensation reported
Alex Halpern
Director
New on the 2025 filing
1 hr/week
No compensation reported
Patrick O'Neil
Vice President of Finance
Secretary → Vice President of Finance, 2023
On filings since 2019
1 hr/week
No compensation reported
Former officers (4)
- Former: Ashley Wainer (2021–2024) — Director
- Former: Greg Maguire (2021–2023) — Director
- Former: Lisa Kingsbury (2021–2023) — Director
- Former: Thomas Torti (2019–2022) — CEO
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Lake Champlain Opportunity Fund Inc
How much does Lake Champlain Opportunity Fund Inc give each year?
Lake Champlain Opportunity Fund Inc gave $45K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $45K across 3 grants.
How large is Lake Champlain Opportunity Fund Inc?
Lake Champlain Opportunity Fund Inc reported $1.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $179K.
What is Lake Champlain Opportunity Fund Inc?
Lake Champlain Opportunity Fund Inc is a public charity focused on Community Improvement & Capacity Building, based in Burlington, VT. It holds $1.4M in total assets as of 2025.
Where does Lake Champlain Opportunity Fund Inc operate?
Lake Champlain Opportunity Fund Inc has awarded grants in California, Delaware, Massachusetts, Vermont.
What is Lake Champlain Opportunity Fund Inc's EIN?
Lake Champlain Opportunity Fund Inc's EIN (Employer Identification Number) is 03-0366744. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Lake Champlain Opportunity Fund Inc by hand.
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