Southern Kennebec Child Development Corporation
- Assets
- $3.4m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 95
- Location
- Farmingdale, ME
- Founding
- 10/1969
- Data as of
- 05/2023
- EIN
- 01-0285449
Organization Overview
Southern Kennebec Child Development Corporation is located in Farmingdale, ME. The organization was established in 1969. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 05/2023, Southern Kennebec Child Development Corporation employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Kennebec Child Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Southern Kennebec Child Development Corporation generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $4.6m during the year ending 05/2023. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE LIVES AND OPPORTUNITIES FOR CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD EDUCATION - FULL YEAR, PART YEAR HEAD START PROGRAM PROVIDING COMPREHENSIVE SERVICES TO CHILDREN AGES BIRTH THROUGH 5 AND THEIR FAMILIES IN SOUTHERN KENNEBEC COUNTY.
FOOD - CHILD CARE FOOD PROGRAM PROVIDES MEALS TO ELIGIBLE CHILDREN ENROLLED IN HEAD START & CHILD CARE PROGRAMS.
CHILD CARE AND OTHER - PROVIDE AND SUPPORT THE DEVELOPMENT OF QUALITY, ACCESSIBLE, FLEXIBLE AND AFFORDABLE EARLY CARE OPTIONS DESIGNED TO MEET THE NEEDS OF FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Staci Fortunato President | OfficerTrustee | 2 | $0 |
Angela Hamlin Vice Preside | OfficerTrustee | 2 | $0 |
Brent Hall Treasurer | OfficerTrustee | 2 | $0 |
Theresa Violette Secretary | OfficerTrustee | 1 | $0 |
Amy Abbott Director | Trustee | 1 | $0 |
Laurie Glidden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $27,383 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,715,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,752,960 |
| Total Program Service Revenue | $92,155 |
| Investment income | $20,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,418 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,868,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $331,413 |
| Compensation of current officers, directors, key employees. | $234,124 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,553,090 |
| Pension plan accruals and contributions | $83,206 |
| Other employee benefits | $318,852 |
| Payroll taxes | $235,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,936 |
| Fees for services: Other | $54,893 |
| Advertising and promotion | $7,342 |
| Office expenses | $21,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $193,708 |
| Travel | $41,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,395 |
| Insurance | $45,389 |
| All other expenses | $125,968 |
| Total functional expenses | $4,601,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $808,325 |
| Pledges and grants receivable | $233,911 |
| Accounts receivable, net | $4,936 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,645 |
| Net Land, buildings, and equipment | $1,278,960 |
| Investments—publicly traded securities | $770,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225,575 |
| Total assets | $3,377,617 |
| Accounts payable and accrued expenses | $268,550 |
| Grants payable | $0 |
| Deferred revenue | $473,690 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $225,575 |
| Total liabilities | $967,815 |
| Net assets without donor restrictions | $2,409,802 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,377,617 |