Civic Intelligence

King Street Center Inc

EIN 23-7236312 • 501(c)3 • Burlington, VT

Profile

King street center empowers youth to explore their talents and find their voice through learning, play, and opportunity.

PO Box 1615Burlington, VT 05402

www.kingstreetcenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

30th percentile

0.06x

Higher debt load relative to revenue than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

52nd percentile

5.5%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

50th percentile

$129,658

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

43rd percentile

1.9%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

53rd percentile

8.9%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$9,070,248

Up $166,982 (+1.9%) from 2024

Liabilities

Down

$164,765

Down $10,471 (-6.0%) from 2024

Net Assets

Up

$8,905,483

Up $177,453 (+2.0%) from 2024

Revenue

Up

$2,866,993

Up $233,603 (+8.9%) from 2024

Expenses

Up

$2,709,154

Up $522,720 (+24%) from 2024

Net Income

Down

$157,839

Down $289,117 (-65%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2013: $5,809,202Liabilities 2013: $64,830Net Assets 2013: $5,744,3722013Assets 2015: $8,359,593Liabilities 2015: $866,404Net Assets 2015: $7,493,1892015Assets 2016: $7,872,714Liabilities 2016: $391,801Net Assets 2016: $7,480,9132016Assets 2017: $7,437,011Liabilities 2017: $31,372Net Assets 2017: $7,405,6392017Assets 2018: $7,589,872Liabilities 2018: $41,813Net Assets 2018: $7,548,0592018Assets 2019: $7,509,574Liabilities 2019: $43,202Net Assets 2019: $7,466,3722019Assets 2020: $7,108,483Liabilities 2020: $47,363Net Assets 2020: $7,061,1202020Assets 2021: $8,323,366Liabilities 2021: $42,596Net Assets 2021: $8,280,7702021Assets 2022: $8,477,572Liabilities 2022: $49,692Net Assets 2022: $8,427,8802022Assets 2023: $8,221,778Liabilities 2023: $104,255Net Assets 2023: $8,117,5232023Assets 2024: $8,903,266Liabilities 2024: $175,236Net Assets 2024: $8,728,0302024Assets 2025: $9,070,248Liabilities 2025: $164,765Net Assets 2025: $8,905,4832025

Highlighted filing

2025

Assets$9,070,248
Liabilities$164,765
Net Assets$8,905,483

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $1,001,2672013Revenue 2015: $1,444,793Expenses 2015: $1,097,565Net Income 2015: $347,2282015Revenue 2016: $1,432,577Expenses 2016: $1,346,687Net Income 2016: $85,8902016Revenue 2017: $1,353,090Expenses 2017: $1,380,261Net Income 2017: -$27,1712017Revenue 2018: $1,541,269Expenses 2018: $1,454,291Net Income 2018: $86,9782018Revenue 2019: $1,392,553Expenses 2019: $1,450,736Net Income 2019: -$58,1832019Revenue 2020: $1,274,605Expenses 2020: $1,467,240Net Income 2020: -$192,6352020Revenue 2021: $2,008,297Expenses 2021: $1,312,649Net Income 2021: $695,6482021Revenue 2022: $1,744,606Expenses 2022: $1,501,480Net Income 2022: $243,1262022Revenue 2023: $1,887,032Expenses 2023: $1,958,119Net Income 2023: -$71,0872023Revenue 2024: $2,633,390Expenses 2024: $2,186,434Net Income 2024: $446,9562024Revenue 2025: $2,866,993Expenses 2025: $2,709,154Net Income 2025: $157,8392025

Highlighted filing

2025

Revenue$2,866,993
Expenses$2,709,154
Net Income$157,839

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Feb 16, 2026
Return Version
2024v5.0
Gross Receipts
$6,071,994
Mission and Program Overview

Mission

King street center empowers youth to explore their talents and find their voice through learning, play, and opportunity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,228,875$3,937,697▼ $291,178
Investments in Publicly Traded Securities$2,935,232$3,924,213▲ $988,981
Cash and Non-Interest-Bearing Accounts$521,703$603,059▲ $81,356
Savings and Temporary Cash Investments$878,746$278,806▼ $599,940
Accounts Receivable$123,634$145,804▲ $22,170
Pledges and Grants Receivable$160,136$122,500▼ $37,636
Total Assets$8,903,266$9,070,248▲ $166,982
Other Assets Total$54,940$58,169▲ $3,229
Liabilities
Accounts Payable and Accrued Expenses$175,236$164,765▼ $10,471
Total Liabilities$175,236$164,765▼ $10,471
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,121,552$8,446,532▲ $324,980
Net Assets With Donor Restrictions$606,478$458,951▼ $147,527
Total Net Assets Fund Balance$8,728,030$8,905,483▲ $177,453
Total Liabilities and Net Assets / Fund Balance$8,903,266$9,070,248▲ $166,982

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,735,003$1,896,225$5,631,228
Equipment$148,952$413,456$562,408
Land$47,000-$47,000
Other Land Buildings$6,742-$6,742

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$254,411$4,000▲ $11,055-$228,220
2023$243,890-▲ $31,664-$254,411
2022$275,843-▼ $14,291-$243,890
2021$2,671,333$127,882▲ $49,518$2,549,896$275,843
2020$1,865,961$270,985▲ $559,281-$2,671,333
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shabnam NolanExecutive DiFT$119,829$9,829$129,658

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,596,001
Program Service Revenue
$1,224,340
Investment Income
$40,373
Other Revenue
$6,279
All Other Contributions
$1,507,216
Change in Net Assets
$157,839

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,848,983
Revenue Not Reported on Financial Statements
$18,010
Revenue Not Reported on Form 990
$19,614
Total Revenue per Audited Statements
$2,868,597
Total Revenue per Form 990
$2,866,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,905,575
Other Expenses$763,579
Total Fundraising Expense$273,529
Grants and Similar Amounts Paid$40,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,215,953$116,734$151,245$1,483,932
Depreciation Depletion$203,593$19,643$4,807$228,043
Payroll Taxes$119,651$14,254$15,172$149,077
Office Expenses$29,557$54,823$51,263$135,643
Current Officers, Directors, Trustees, and Key Employees$80,055$40,028$13,343$133,426
Other Employee Benefits$94,852$9,771$11,867$116,490
Occupancy$93,665$9,037$2,211$104,913
Insurance$15,833$38,282$1,328$55,443
Other Expenses$41,193$6,552$1,523$49,268
Conferences and Meetings$12,579$18,557$10,015$41,151
Grants to Domestic Individuals$40,000--$40,000
Fees for Services Other$3,117$26,138$5,091$34,346
Fees for Services Accounting-$24,919-$24,919
Pension Plan Contributions$18,920$1,418$2,312$22,650
Fees for Service Investment Mgmnt Fees-$15,206-$15,206
Travel$4,355$2,808-$7,163
Advertising$388$2,709$2,737$5,834
Fees for Services Legal-$1,598-$1,598
Total Functional Expenses$2,032,981$402,644$273,529$2,709,154

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,709,154
Expenses per Audited Statements$2,691,144
Total Expenses per Audited Statements$2,691,144
Expenses Not Reported on Financial Statements$18,010
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,831
Fundraising Gross Income$14,775
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Summer Sponsors$38,500---
Golf Tournament$25,469$13,896$13,896$0
Total Events$85,589$14,775$14,755$20
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberHr ConsultingNo$11,030
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is shared with the governance committee.

Form 990, Page 6, Part VI, Line 12C

All board members are required to declare conflicts of interest and any board member where there is a decision involving their business is recused from the decision.

Form 990, Page 6, Part VI, Line 15A

The board sets annual goals for the executive director and then reviews the executive director annually against those goals, as well as a full board survey of performance and then the executive committee determines how/if his/her compensation package should be adjusted.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
King Street Center Inc
EIN
23-7236312
Phone
8028626736
Address
PO BOX 1615, BURLINGTON, VT 05402

Signing Officer

Name
Shabnam Nolan
Title
Executive Director
Phone
8028626736
Signed
2026-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shabnam Nolan
Formed
1972
Legal Domicile
Vt
Voting Board Members
13
Independent Board Members
12
Employees
60
Volunteers
157

Preparer

Firm
Jmm & Associates Pc
Address
463 MOUNTAIN VIEW DR STE 403, COLCHESTER, VT 05446
Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Early education: king street centers 5-star, head start therapeutic child care program is made up of the toddler and preschool classrooms and serves children ages eighteen months through five years old. Guided by the pillars of play, equity, communication, and health & safety, the early childhood education program provides opportunities for learning, growth, and success in a positive, developmentally-appropriate environment through child-directed, open-ended play. The program emphasizes social-emotional development, and nurtures childrens own interests and natural curiosity. K-5: king street centers kindergarten-5th grade youth development program serves children ages 5 years old to 10 years old through afterschool and camp programs for 42 weeks of the year. The program is rooted in social- emotional learning, positive relationship building with peers and adults, educational enrichment, recreation, meeting basic needs, community connection, and equitable opportunities for children and their families to feel a sense of belonging. Children in this program are provided with a caring adult mentor each week to work on literacy and play educational games through our book buddy program. Teen: king street centers teen program serves middle and high school youth in 6th-12th grade through afterschool and camp programs for 42 weeks of the year, providing healthy activities, educational resources, community engagement, and risk-prevention programming. Teens are served warm meals daily. The primary focus of this program is to provide experiences outside of the center so that youth can find their passions, explore potential careers, and begin planning for a life beyond high school. The middle school program provides more educational support and recreational and community outing opportunities to students. It also includes a job club program where youth learn key skills like financial literacy and customer service to help prepare them for future jobs. The high school program features an academic & career exploration (ace) program exposing students to potential career paths and supporting them in navigating post-secondary education plans. Ace connects students to local businesses, entrepreneurs, and professionals with specific skills, and offers the chance to find a passion to pursue, while providing a stipend to participants so they dont have to choose between getting a part-time evening job and planning for their future. Mentor: king street centers mentor program fosters positive relationship building for children and youth at every stage of childhood and adolescence starting in kindergarten through our community mentor, book buddy, and peer mentor programs. Community mentors are adults matched with k-12 students, and the book buddy program matches k-5 students with adults to read and play educational games with each week while at the center. The peer mentor program matches high school students with k-5 children to meet with weekly at the center.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization believes it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements.

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IRS990/Desc0EARLY EDUCATION: KING STREET CENTERS 5-STAR, HEAD START THERAPEUTIC CHILD CARE PROGRAM IS MADE UP OF THE TODDLER AND PRESCHOOL CLASSROOMS AND SERVES CHILDREN AGES EIGHTEEN MONTHS THROUGH FIVE YEARS OLD. GUIDED BY THE PILLARS OF PLAY, EQUITY, COMMUNICATION, AND HEALTH & SAFETY, THE EARLY CHILDHOOD EDUCATION PROGRAM PROVIDES OPPORTUNITIES FOR LEARNING, GROWTH, AND SUCCESS IN A POSITIVE, DEVELOPMENTALLY-APPROPRIATE ENVIRONMENT THROUGH CHILD-DIRECTED, OPEN-ENDED PLAY. THE PROGRAM EMPHASIZES SOCIAL-EMOTIONAL DEVELOPMENT, AND NURTURES CHILDRENS OWN INTERESTS AND NATURAL CURIOSITY. K-5: KING STREET CENTERS KINDERGARTEN-5TH GRADE YOUTH DEVELOPMENT PROGRAM SERVES CHILDREN AGES 5 YEARS OLD TO 10 YEARS OLD THROUGH AFTERSCHOOL AND CAMP PROGRAMS FOR 42 WEEKS OF THE YEAR. THE PROGRAM IS ROOTED IN SOCIAL- EMOTIONAL LEARNING, POSITIVE RELATIONSHIP BUILDING WITH PEERS AND ADULTS, EDUCATIONAL ENRICHMENT, RECREATION, MEETING BASIC NEEDS, COMMUNITY CONNECTION, AND EQUITABLE OPPORTUNITIES FOR CHILDREN AND THEIR FAMILIES TO FEEL A SENSE OF BELONGING. CHILDREN IN THIS PROGRAM ARE PROVIDED WITH A CARING ADULT MENTOR EACH WEEK TO WORK ON LITERACY AND PLAY EDUCATIONAL GAMES THROUGH OUR BOOK BUDDY PROGRAM. TEEN: KING STREET CENTERS TEEN PROGRAM SERVES MIDDLE AND HIGH SCHOOL YOUTH IN 6TH-12TH GRADE THROUGH AFTERSCHOOL AND CAMP PROGRAMS FOR 42 WEEKS OF THE YEAR, PROVIDING HEALTHY ACTIVITIES, EDUCATIONAL RESOURCES, COMMUNITY ENGAGEMENT, AND RISK-PREVENTION PROGRAMMING. TEENS ARE SERVED WARM MEALS DAILY. THE PRIMARY FOCUS OF THIS PROGRAM IS TO PROVIDE EXPERIENCES OUTSIDE OF THE CENTER SO THAT YOUTH CAN FIND THEIR PASSIONS, EXPLORE POTENTIAL CAREERS, AND BEGIN PLANNING FOR A LIFE BEYOND HIGH SCHOOL. THE MIDDLE SCHOOL PROGRAM PROVIDES MORE EDUCATIONAL SUPPORT AND RECREATIONAL AND COMMUNITY OUTING OPPORTUNITIES TO STUDENTS. IT ALSO INCLUDES A JOB CLUB PROGRAM WHERE YOUTH LEARN KEY SKILLS LIKE FINANCIAL LITERACY AND CUSTOMER SERVICE TO HELP PREPARE THEM FOR FUTURE JOBS. THE HIGH SCHOOL PROGRAM FEATURES AN ACADEMIC & CAREER EXPLORATION (ACE) PROGRAM EXPOSING STUDENTS TO POTENTIAL CAREER PATHS AND SUPPORTING THEM IN NAVIGATING POST-SECONDARY EDUCATION PLANS. ACE CONNECTS STUDENTS TO LOCAL BUSINESSES, ENTREPRENEURS, AND PROFESSIONALS WITH SPECIFIC SKILLS, AND OFFERS THE CHANCE TO FIND A PASSION TO PURSUE, WHILE PROVIDING A STIPEND TO PARTICIPANTS SO THEY DONT HAVE TO CHOOSE BETWEEN GETTING A PART-TIME EVENING JOB AND PLANNING FOR THEIR FUTURE. MENTOR: KING STREET CENTERS MENTOR PROGRAM FOSTERS POSITIVE RELATIONSHIP BUILDING FOR CHILDREN AND YOUTH AT EVERY STAGE OF CHILDHOOD AND ADOLESCENCE STARTING IN KINDERGARTEN THROUGH OUR COMMUNITY MENTOR, BOOK BUDDY, AND PEER MENTOR PROGRAMS. COMMUNITY MENTORS ARE ADULTS MATCHED WITH K-12 STUDENTS, AND THE BOOK BUDDY PROGRAM MATCHES K-5 STUDENTS WITH ADULTS TO READ AND PLAY EDUCATIONAL GAMES WITH EACH WEEK WHILE AT THE CENTER. THE PEER MENTOR PROGRAM MATCHES HIGH SCHOOL STUDENTS WITH K-5 CHILDREN TO MEET WITH WEEKLY AT THE CENTER.
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