Alfond Youth & Community Center
- Assets
- $46.1m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 242
- Location
- Waterville, ME
- Founding
- 01/2002
- Data as of
- 03/2022
- EIN
- 04-3341661
Organization Overview
Alfond Youth & Community Center is located in Waterville, ME. The organization was established in 2002. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 03/2022, Alfond Youth & Community Center employed 242 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alfond Youth & Community Center 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 03/2022, Alfond Youth & Community Center generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $4.1m during the year ending 03/2022. While expenses have increased by 11.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND ENABLE ALL YOUNG PEOPLE AND THEIR FAMILIES TO REALIZE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER AND PROMOTE PHYSICAL, SOCIAL, EDUCATIONAL, CULTURAL, VOCATIONAL, AND CHARACTER DEVELOPMENT OF YOUTH IN THE CENTRAL MAINE AREA BY SUPPORTING THE WORK OF THE AFFILIATED NON-PROFITS (WATERVILLE AREA BOYS AND GIRLS CLUB AND WATERVILLE AREA YMCA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Walsh CEO | Officer | 40 | $159,871 |
Dennis Worster Finance Dire | Officer | 40 | $81,773 |
Felicia Lambert Secretary | Officer | 40 | $52,055 |
Amy Bernatchez Chair | OfficerTrustee | 1 | $0 |
James Hughes Treasurer | OfficerTrustee | 1 | $0 |
Scott Jones Past Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheridan Corporation Contractor | 3/30/19 | $1,828,745 |
Harriman Architects Architect | 3/30/19 | $318,908 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $869,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,557,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,426,550 |
| Total Program Service Revenue | $1,669,636 |
| Investment income | $69,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $153,280 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,319,068 |
| 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. | $293,699 |
| Compensation of current officers, directors, key employees. | $197,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,336,930 |
| Pension plan accruals and contributions | $79,583 |
| Other employee benefits | $134,990 |
| Payroll taxes | $116,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,143 |
| Advertising and promotion | $0 |
| Office expenses | $136,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $394,899 |
| Travel | $5,156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,732 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $900,436 |
| Insurance | $82,372 |
| All other expenses | $12,890 |
| Total functional expenses | $4,140,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,004 |
| Savings and temporary cash investments | $3,671,159 |
| Pledges and grants receivable | $2,367,863 |
| Accounts receivable, net | $899,424 |
| 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 | $124,453 |
| Net Land, buildings, and equipment | $14,183,544 |
| Investments—publicly traded securities | $24,569,628 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,063,075 |
| Accounts payable and accrued expenses | $254,436 |
| Grants payable | $0 |
| Deferred revenue | $558,884 |
| 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 | $1,779,259 |
| Total liabilities | $2,592,579 |
| Net assets without donor restrictions | $15,836,033 |
| Net assets with donor restrictions | $27,634,463 |
| 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 | $46,063,075 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Alfond Youth & Community Center has recieved totaling $2,822,817.
| Awarding Organization | Amount |
|---|---|
Harold Alfond Foundation Portland, ME PURPOSE: STRATEGIC LONG TERM CAPITAL AND DEVELOPMENT SUSTAINABILITY AT THE ALFOND YOUTH CENTER | $1,108,600 |
Harold Alfond Foundation Portland, ME PURPOSE: CAMP TRACEY IMPROVEMENTS AND EXPANSION | $1,000,000 |
Harold Alfond Foundation Portland, ME PURPOSE: CAMP TRACEY IMPROVEMENTS AND EXPANSION | $500,000 |
The Masonic Charitable Foundation Of The Grand Lodge Of Maine Holden, ME PURPOSE: YOUTH PROGRAMS | $50,000 |
The Bill And Joan Alfond Foundation Portland, ME PURPOSE: GENERAL SUPPORT FOR STEWARDSHIP AND MARKETING | $30,000 |
John T Gorman Foundation Portland, ME PURPOSE: TO INCREASE ACCESS TO YOUTH AND ADOLESCENT MENTAL HEALTH | $25,000 |
Endowment Analysis
| Beg. Balance | $25,270,835 |
| Earnings | $1,759,399 |
| Admin Expense | $82,479 |
| Net Contributions | $3,310,251 |
| Other Expense | $3,621,326 |
| Ending Balance | $26,636,680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfond Youth & Community Center Waterville, ME | $46,063,075 | $6,319,068 |
The Center For Grieving Children Portland, ME | $2,272,265 | $1,455,232 |
Girls At Work Inc Manchester, NH | $500,293 | $543,663 |
Granite State Adaptive Mirror Lake, NH | $406,925 | $548,461 |
Peaks Island Childrens Workshop Peaks Island, ME | $364,122 | $193,387 |
Keene Youth Hockey Club Keene, NH | $67,589 | $0 |
The Dartmouth Inc Hanover, NH | $1,079,622 | $186,062 |
Seacoast Outright Portsmouth, NH | $264,653 | $211,766 |
Exeter Youth Soccer Association Exeter, NH | $78,802 | $0 |
Youth Enrichment Center At Hilton-Winn Farm Cape Neddick, ME | $76,208 | $0 |
Greater Hempstead Civic Club Inc Hampstead, NH | $351,397 | $0 |
Haudenosaunee Nationals Development Group Portland, ME | $24,068 | $57,026 |