United Way Of Kennebec Valley
- Assets
- $3.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Augusta, ME
- Founding
- 02/1965
- Data as of
- 12/2021
- EIN
- 01-6004404
Organization Overview
United Way Of Kennebec Valley is located in Augusta, ME. The organization was established in 1965. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, United Way Of Kennebec Valley employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Way Of Kennebec Valley 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 12/2021, United Way Of Kennebec Valley generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 0.8% 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.
Since 2014, United Way Of Kennebec Valley has awarded 270 individual grants totaling $6,985,287. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNITED WAY OF KENNEBEC VALLEY UNITES PEOPLE AND RESOURCES TO IMPROVE LIVES IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED WAY OF KENNEBEC VALLEY SUPPORTS SERVICES VITAL TO THE BASIC NEEDS OF THE MOST VULNERABLE MEMBERS OF OUR SOCIETY. WE ALSO MAKE LONG-TERM INVESTMENTS IN FINANCIAL STABILITY, EDUCATION AND HEALTH BECAUSE WE KNOW THAT THESE ARE THE BUILDING BLOCKS FOR A GOOD QUALITY OF LIFE. UNITED WAY STRATEGICALLY INVESTS IN RESULTS-DRIVEN PROGRAMS AND INITIATIVES TO MAXIMIZE THE IMPACT WE HAVE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Yeager Executive Di | Officer | 40 | $80,956 |
Irene Favreau Dir. Of Fina | Officer | 40 | $24,231 |
Amy Tardiff Board Chair | OfficerTrustee | 2 | $0 |
Katie Doherty Board Vice-C | OfficerTrustee | 1 | $0 |
Eric Lind Co-Chair All | OfficerTrustee | 1 | $0 |
Barbara Sweezy Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,964,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,964,428 |
| Total Program Service Revenue | $67,765 |
| Investment income | $6,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,292 |
| Net Income from Fundraising Events | $20,722 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,086,314 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000,905 |
| Grants and other assistance to domestic individuals. | $16,990 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,186 |
| Compensation of current officers, directors, key employees. | $28,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,413 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,526 |
| Payroll taxes | $19,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,761 |
| Advertising and promotion | $8,105 |
| Office expenses | $3,794 |
| Information technology | $7,889 |
| Royalties | $0 |
| Occupancy | $38,037 |
| Travel | $3,608 |
| 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 | $6,858 |
| Insurance | $4,515 |
| All other expenses | $4,636 |
| Total functional expenses | $1,651,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,281 |
| Savings and temporary cash investments | $1,177,342 |
| Pledges and grants receivable | $1,286,614 |
| Accounts receivable, net | $53,941 |
| 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 | $3,544 |
| Net Land, buildings, and equipment | $10,001 |
| Investments—publicly traded securities | $354,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $2,973,844 |
| Accounts payable and accrued expenses | $337,299 |
| Grants payable | $196,482 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $533,781 |
| Net assets without donor restrictions | $1,165,808 |
| Net assets with donor restrictions | $1,274,255 |
| 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 | $2,973,844 |
Grants Awarded
Over the last fiscal year, United Way Of Kennebec Valley has awarded $920,576 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Augusta, ME PURPOSE: SOUP KITCHEN+SHELTER | $75,500 |
Augusta, ME PURPOSE: EARLY INTERVENTION | $65,000 |
Augusta, ME PURPOSE: MEALS ON WHEELS | $60,000 |
Augusta, ME PURPOSE: ABUSE PREVENTION | $50,000 |
Waterville, ME PURPOSE: YOUTH & FAMILY PROG. | $49,500 |
Augusta, ME PURPOSE: YOUTH & TEEN SERVICE | $44,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that United Way Of Kennebec Valley has recieved totaling $145,152.
| Awarding Organization | Amount |
|---|---|
Kennebec Savings Bank Foundation Augusta, ME PURPOSE: ANNUAL DONATION | $39,501 |
Avangrid Foundation Inc Orange, CT PURPOSE: COMMUNITY PROGRAMS | $31,272 |
United Way Inc Portland, ME PURPOSE: Emergency Heating Assistance, Donor Designations | $23,059 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $15,202 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: UNITED WAYS OF MAINE: DIVERSITY, EQUITY, AND INCLUSION TRAINING | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,249 |
Endowment Analysis
| Beg. Balance | $335,465 |
| Earnings | $18,656 |
| Ending Balance | $354,121 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Granite United Way Manchester, NH | $10,904,464 | $19,030,593 |
United Way Inc Portland, ME | $21,043,682 | $13,282,477 |
United Way Of Greater Nashua Inc Nashua, NH | $1,945,140 | $2,501,353 |
Heart Of Maine United Way Bangor, ME | $5,339,304 | $2,989,676 |
Jewish Community Alliance Of Southern Maine Portland, ME | $12,590,266 | $2,545,946 |
United Way Of Mid Coast Maine Inc Bath, ME | $2,637,313 | $1,845,712 |
United Way Of Kennebec Valley Augusta, ME | $2,973,844 | $2,086,314 |
Monadnock United Way Inc Keene, NH | $3,611,197 | $2,296,861 |
The Masonic Charitable Foundation Of The Grand Lodge Of Maine Holden, ME | $35,415,349 | $2,059,993 |
Foundation For Portland Public Schools Portland, ME | $1,243,540 | $1,739,135 |
United Way Of Androscoggin County Inc Lewiston, ME | $3,239,187 | $1,022,027 |
United Way Of Aroostook Presque Isle, ME | $423,672 | $720,193 |