Starkey Incorporated
- Assets
- $26.6m
- Revenue
- $22.4m
- Investments
- $2.6m
- Employees
- 548
- Location
- Wichita, KS
- Founding
- 09/1957
- Data as of
- 06/2021
- EIN
- 48-0630180
Organization Overview
Starkey Incorporated is located in Wichita, KS. The organization was established in 1957. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Starkey Incorporated employed 548 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Starkey Incorporated 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 06/2021, Starkey Incorporated generated $22.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $20.2m during the year ending 06/2021. While expenses have increased by 1.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
STARKEY NURTURES DEVELOPMENT AND PROMOTES INDEPENDENCE OF PEOPLE WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT DAY SERVICES: PROVIDE SUPPORT TO ENABLE INDIVIDUALS WITH INTELLECTUAL DISABILITIES TO PARTICIPATE IN WORK ACTIVITY, SUPPORTED EMPLOYMENT, LIFE ENRICHMENT, AND DAY HABITATION.
ADULT COMMUNITY LIVING SERVICES: PROVIDES SUPPORT TO INDIVIDUALS WITH INTELLECTUAL DISABILITIES TO LIVE AS INDEPENDENT AS THEY CAN IN SUPERVISED LIVING AND SUPPORTED INDEPENDENT LIVING.
SERVICE COORDINATION: PROVIDES CASE MANAGEMENT FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES; ADULTS, CHILDREN AND FAMILIES.
TRANSPORTATION: TRANSPORTATION PROVIDED FOR INDIVIDUALS. EXPENSES INCLUDING GRANTS OF REVENUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Mckenney CEO | Officer | 50 | $170,827 |
Don Wiesner CFO | Officer | 50 | $96,935 |
Kristina Macy COO | Officer | 50 | $95,231 |
Terra Reusser Vice Preside | OfficerTrustee | 2 | $0 |
Christian Lehr Treasurer | OfficerTrustee | 2 | $0 |
Michael Dehass Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,171,041 |
| All other contributions, gifts, grants, and similar amounts not included above | $376,076 |
| Noncash contributions included in lines 1a–1f | $13,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,547,117 |
| Total Program Service Revenue | $18,508,507 |
| Investment income | $153,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,363,959 |
| 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. | $357,760 |
| Compensation of current officers, directors, key employees. | $357,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,382,777 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,607,534 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,382 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,587 |
| Advertising and promotion | $28,315 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $666,352 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,967 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $908,525 |
| Insurance | $349,585 |
| All other expenses | $76,639 |
| Total functional expenses | $20,168,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,144,380 |
| Pledges and grants receivable | $387,832 |
| Accounts receivable, net | $1,655,266 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,489 |
| Prepaid expenses and deferred charges | $217,375 |
| Net Land, buildings, and equipment | $13,494,488 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,563,915 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,108,302 |
| Total assets | $26,620,047 |
| Accounts payable and accrued expenses | $2,272,339 |
| Grants payable | $0 |
| Deferred revenue | $10,969 |
| 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 | $153,790 |
| Total liabilities | $2,437,098 |
| Net assets without donor restrictions | $23,053,909 |
| Net assets with donor restrictions | $1,129,040 |
| 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 | $26,620,047 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Starkey Incorporated has recieved totaling $185,643.
| Awarding Organization | Amount |
|---|---|
Sunderland Foundation Overland Park, KS PURPOSE: CONSTRUCT VEHICLE MAINTENANCE FACILITY | $150,000 |
United Way Of The Plains Wichita, KS PURPOSE: OFFICE SUPPLIES/EQUIPMENT | $25,367 |
Belin Foundation Wichita, KS PURPOSE: GENERAL GRANT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $176 |
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO HEALTH & HUMAN SERVICES AGENCY | $100 |
Endowment Analysis
| Beg. Balance | $4,217,065 |
| Earnings | $68,019 |
| Net Contributions | $297,591 |
| Other Expense | $1,613,339 |
| Ending Balance | $2,969,336 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Developmental Disabilities Resource Center Lakewood, CO | $33,667,876 | $37,080,304 |
The Whole Person Inc Kansas City, MO | $13,109,410 | $33,207,318 |
Developmental Disabilities Center Lafayette, CO | $29,260,076 | $34,596,273 |
Lakemary Center Inc Paola, KS | $28,512,802 | $30,614,653 |
St Louis Arc Inc St Louis, MO | $31,978,469 | $30,887,504 |
Goodlife Innovations Inc Lenexa, KS | $8,105,495 | $24,225,204 |
Dale Rogers Training Center Inc Oklahoma City, OK | $23,175,089 | $21,069,143 |
Starkey Incorporated Wichita, KS | $26,620,047 | $22,363,959 |
Continuum Of Colorado Inc Aurora, CO | $7,927,832 | $19,747,791 |
Foothills Gateway Inc Fort Collins, CO | $11,957,913 | $17,913,826 |
Arrowhead West Inc Dodge City, KS | $12,929,703 | $15,687,113 |
Mesa Developmental Services Grand Junction, CO | $19,209,957 | $17,139,277 |