Families Matter Inc
- Assets
- $4.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 40
- Location
- Hallowell, ME
- Founding
- 12/1995
- Data as of
- 06/2022
- EIN
- 22-3409412
Organization Overview
Families Matter Inc is located in Hallowell, ME. The organization was established in 1995. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2023, Families Matter Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Families Matter Inc 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 06/2022, Families Matter Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 3.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DAY REHABILITATION SERVICES FOR THE MENTALLY DISABLED AND SUPPORT FOR THEIR PARENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY REHABILITATION SERVICES FOR THE MENTALLY DISABLED AND SUPPORT FOR THEIR PARENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Mcnaughton Executive Director | OfficerTrustee | 40 | $44,494 |
Victoria Watkins Assistant Executive Direct | OfficerTrustee | 40 | $88,618 |
John Mcnaughton President | OfficerTrustee | 40 | $81,187 |
Dennis Guerrette Director | Trustee | 1 | $0 |
Bridget Mccabe Director | Trustee | 1 | $0 |
Harrison Wolfington Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $506,926 |
| Investment income | $12,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$828 |
| Net Gain/Loss on Asset Sales | $318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,899,415 |
| Statement of Expenses | |
|---|---|
| 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. | $195,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,215,257 |
| Pension plan accruals and contributions | $15,875 |
| Other employee benefits | $73,747 |
| Payroll taxes | $101,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,495 |
| Fees for services: Accounting | $4,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,819 |
| Advertising and promotion | $6,632 |
| Office expenses | $45,276 |
| Information technology | $14,681 |
| Royalties | $0 |
| Occupancy | $86,867 |
| Travel | $0 |
| 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 | $63,149 |
| Insurance | $57,401 |
| All other expenses | $0 |
| Total functional expenses | $2,378,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $699,432 |
| Savings and temporary cash investments | $2,522,245 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,315,477 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $4,315,477 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,315,477 |