Kennebec Valley Organization
- Assets
- $27.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waterville, ME
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 20-1283854
Organization Overview
Kennebec Valley Organization is located in Waterville, ME. The organization was established in 2005. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennebec Valley Organization 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, Kennebec Valley Organization generated $1.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (47.4%) each year. All expenses for the organization totaled $14.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
KVO WILL WORK TOWARD IMPROVING THE QUALITY OF LIFE IN VALLEY COMMUNITIES BY ORGANIZING TO SAVE AND CREATE JOBS OF DIGNITY WITH DECENT WAGES, TO BRING ABOUT REINVESTMENT AND ECONOMIC REVITALIZATION, TO SAVE AND CREATE AFFORDABLE HOUSING AND ACCESSIBLE HEALTH CARE AND TO IDENTIFY AND PURSUE OTHER ISSUES RELATED TO THE WELFARE OF THE VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Daniels President | 5 | $0 | |
Helen Roy Treasurer | 5 | $0 | |
Frank O'hara Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,105 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $21 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,126 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,980 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,158 |
| Total expenses | $14,138 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,813 |
| Other assets | $0 |
| Total assets | $27,813 |
| Total liabilities | $1,321 |
| Net assets or fund balances | $26,492 |