Central Maine Area Agency On Aging
- Assets
- $7.0m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 427
- Location
- Augusta, ME
- Founding
- 10/1981
- Data as of
- 09/2022
- EIN
- 01-0318051
Organization Overview
Central Maine Area Agency On Aging, operating under the name Spectrum Generations, is located in Augusta, ME. The organization was established in 1981. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 09/2022, Spectrum Generations employed 427 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrum Generations 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 09/2022, Spectrum Generations generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $12.7m during the year ending 09/2022. While expenses have increased by 10.8% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ADVANCE THE WELL-BEING AND INDEPENDENCE OF OLDER AND DISABLED ADULTS, WITH THE SUPPORT OF THEIR CARE PARTNERS, TO LIVE IN THEIR COMMUNITY OF CHOICE
Describe the Organization's Program Activity:
OTHER PROGRAMS - THE ORGANIZATION PROVIDES VARIOUS OTHER PROGRAMS TO AID AND ASSIST SENIOR CITIZENS IN THE CENTRAL MAINE AREA.
CAREGIVER AND HEALTH & WELLNESS PROGRAMS
NUTRITION SERVICES - THE ORGANIZATION PROVIDES MEALS TO THOSE UNABLE TO LEAVE THEIR HOMES AS WELL AS THOSE ELDERLY INDIVIDUALS ABLE TO ATTEND THE CONGREGATE SITES.
SOCIAL SERVICES - THE ORGANIZATION PROVIDES OUTREACH, LEGAL SERVICES, TRANSPORTATION, ADULT DAY CARE, AND COMMUNITY EDUCATION TO THE ELDERLY IN SIX COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard Queally President And CEO | Officer | 40 | $108,928 |
Kristin Overton COO | Officer | 40 | $99,731 |
Sharon Cleveland Treasurer And CFO | Officer | 40 | $87,780 |
David Farago Chair | OfficerTrustee | 2 | $0 |
Karen Foxwell Vice Chair | OfficerTrustee | 2 | $0 |
Anne Conners Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Methodist Conference Home Subcontracted Distribution Of Home Deliv | 9/29/22 | $143,550 |
Vital Io It Services: Servers, Remove Desktop, He | 9/29/22 | $110,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $235,144 |
| Membership dues | $0 |
| Fundraising events | $37,719 |
| Related organizations | $0 |
| Government grants | $4,658,675 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,133,170 |
| Noncash contributions included in lines 1a–1f | $261,320 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,064,708 |
| Total Program Service Revenue | $6,936,742 |
| Investment income | $31,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,252 |
| Net Gain/Loss on Asset Sales | $78,867 |
| Net Income from Fundraising Events | $28,753 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $65,951 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,261,069 |
| 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. | $348,301 |
| Compensation of current officers, directors, key employees. | $27,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,093,251 |
| Pension plan accruals and contributions | $56,026 |
| Other employee benefits | $688,590 |
| Payroll taxes | $604,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,072 |
| Fees for services: Accounting | $30,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $231,532 |
| Advertising and promotion | $171,787 |
| Office expenses | $79,434 |
| Information technology | $335,999 |
| Royalties | $0 |
| Occupancy | $372,566 |
| Travel | $238,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,661 |
| Interest | $11,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,906 |
| Insurance | $79,908 |
| All other expenses | $369,008 |
| Total functional expenses | $12,680,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $867,769 |
| Savings and temporary cash investments | $904,140 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,248,772 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,178 |
| Prepaid expenses and deferred charges | $145,738 |
| Net Land, buildings, and equipment | $1,887,198 |
| Investments—publicly traded securities | $1,772,212 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,099 |
| Other assets | $110,222 |
| Total assets | $6,999,328 |
| Accounts payable and accrued expenses | $731,467 |
| Grants payable | $0 |
| Deferred revenue | $25,881 |
| 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 | $275,801 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,943 |
| Total liabilities | $1,142,092 |
| Net assets without donor restrictions | $5,018,362 |
| Net assets with donor restrictions | $838,874 |
| 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 | $6,999,328 |
Grants Awarded
Over the last fiscal year, Central Maine Area Agency On Aging has awarded $176,300 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LEGAL SERVICES FOR ELDERLY PURPOSE: LEGAL ASSITANCE TO ME RESIDENTS AGE 60+ | $38,377 |
METHODIST CONFERENCE HOME PURPOSE: PROVIDE MEALS TO COMMUNITY RESIDENTS AGE 60+ | $71,810 |
COASTAL TRANSPORTATION PURPOSE: PROVIDE TRANSPORTATION TO COMMUNITY RESIDENTS AGE 60+ | $10,000 |
SOMERSET REHABILITATION CENTER PURPOSE: PROVIDE MEALS TO COMMUNITY RESIDENTS AGE 60+ | $6,290 |
SENIORS PLUS PURPOSE: COMMUNITY HEALTH WORKER SERVICES IN OXFORD AND FRANKLIN COUNTIES | $49,823 |