New England Kurn Hattin Homes
- Assets
- $65.1m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 103
- Location
- Westminster, VT
- Founding
- 06/1926
- Data as of
- 06/2023
- EIN
- 03-0179306
Organization Overview
New England Kurn Hattin Homes is located in Westminster, VT. The organization was established in 1926. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2023, New England Kurn Hattin Homes employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Kurn Hattin Homes 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 06/2023, New England Kurn Hattin Homes generated $6.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $9.7m during the year ending 06/2023. While expenses have increased by 7.5% 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
RESIDENTIAL HOME AND SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW ENGLAND KURN HATTIN HOMES' PURPOSE IS TO PROVIDE HOMES AND EDUCATIONAL FACILITIES FOR CHILDREN FROM FAMILIES AFFECTED BY TRAGEDY AND SOCIAL OR ECONOMIC HARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Mcgrath Trustee | Trustee | 1 | $0 |
Christopher Hackett Vice President | OfficerTrustee | 1 | $0 |
Diane Bazin Secretary | OfficerTrustee | 1 | $0 |
Eric Velto Trustee | Trustee | 1 | $0 |
Greg Worden Trustee | Trustee | 1 | $0 |
Janet Wilson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,648,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,706,171 |
| Total Program Service Revenue | $77,438 |
| Investment income | $995,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $771,616 |
| Net Income from Fundraising Events | -$2,737 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,547,742 |
| 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. | $176,346 |
| Compensation of current officers, directors, key employees. | $26,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,952,719 |
| Pension plan accruals and contributions | $71,421 |
| Other employee benefits | $715,926 |
| Payroll taxes | $228,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,950 |
| Fees for services: Accounting | $17,724 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,725,347 |
| Advertising and promotion | $14,066 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $312,978 |
| Travel | $40,544 |
| 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 | $411,515 |
| Insurance | $284,015 |
| All other expenses | $225,011 |
| Total functional expenses | $9,721,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,273,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,784 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,651 |
| Prepaid expenses and deferred charges | $231,871 |
| Net Land, buildings, and equipment | $3,271,667 |
| Investments—publicly traded securities | $45,146,444 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,115,802 |
| Total assets | $65,055,406 |
| Accounts payable and accrued expenses | $198,824 |
| Grants payable | $0 |
| Deferred revenue | $19,905 |
| 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 | $9,793,942 |
| Total liabilities | $10,012,671 |
| Net assets without donor restrictions | $17,962,907 |
| Net assets with donor restrictions | $37,079,828 |
| 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 | $65,055,406 |