Civic Intelligence

Educare Central Maine Co Kennebec Valley Community Action Program

990 • Fiscal year 2017 • EIN 26-4176872

Oct 01, 2016 to Sep 30, 2017 • Filed on May 01, 2018

97 Water StreetWaterville, ME 04901

(207) 859-1500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.48x

Higher debt load relative to assets than 71% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

59.05x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

2nd percentile

-164%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

23rd percentile

-2.1%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

22nd percentile

-5.3%

Faster revenue growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$17,378,523

Down $370,553 (-2.1%) from 2016

Net Assets

Down

$9,078,871

Down $230,643 (-2.5%) from 2016

Liabilities

Down

$8,299,652

Down $139,910 (-1.7%) from 2016

Revenue

Down

$140,553

Down $7,823 (-5.3%) from 2016

Expenses

Down

$371,196

Down $68,742 (-16%) from 2016

Net Income

Up

-$230,643

Up $60,919 (+21%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2013: $17,778,995Liabilities 2013: $8,797,963Net Assets 2013: $8,981,0322013Assets 2015: $18,150,318Liabilities 2015: $8,549,242Net Assets 2015: $9,601,0762015Assets 2016: $17,749,076Liabilities 2016: $8,439,562Net Assets 2016: $9,309,5142016Assets 2017: $17,378,523Liabilities 2017: $8,299,652Net Assets 2017: $9,078,8712017Assets 2018: $9,074,047Liabilities 2018: $106,876Net Assets 2018: $8,967,1712018Assets 2019: $9,561,225Liabilities 2019: $49,504Net Assets 2019: $9,511,7212019Assets 2020: $9,461,876Liabilities 2020: $172,324Net Assets 2020: $9,289,5522020Assets 2021: $9,472,369Liabilities 2021: $2,544Net Assets 2021: $9,469,8252021Assets 2022: $9,050,689Liabilities 2022: $25,924Net Assets 2022: $9,024,7652022Assets 2023: $9,957,884Liabilities 2023: $97,156Net Assets 2023: $9,860,7282023Assets 2024: $9,998,207Liabilities 2024: $59,100Net Assets 2024: $9,939,1072024

Highlighted filing

2017

Assets$17,378,523
Liabilities$8,299,652
Net Assets$9,078,871

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2013: $485,3892013Revenue 2015: $202,025Expenses 2015: $544,469Net Income 2015: -$342,4442015Revenue 2016: $148,376Expenses 2016: $439,938Net Income 2016: -$291,5622016Revenue 2017: $140,553Expenses 2017: $371,196Net Income 2017: -$230,6432017Revenue 2018: $403,946Expenses 2018: $515,646Net Income 2018: -$111,7002018Revenue 2019: $1,064,934Expenses 2019: $520,384Net Income 2019: $544,5502019Revenue 2020: $186,271Expenses 2020: $374,116Net Income 2020: -$187,8452020Revenue 2021: $403,943Expenses 2021: $489,005Net Income 2021: -$85,0622021Revenue 2022: $409,236Expenses 2022: $526,616Net Income 2022: -$117,3802022Revenue 2023: $1,375,014Expenses 2023: $543,754Net Income 2023: $831,2602023Revenue 2024: $296,987Expenses 2024: $519,033Net Income 2024: -$222,0462024

Highlighted filing

2017

Revenue$140,553
Expenses$371,196
Net Income-$230,643
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
May 1, 2018
Return Version
2016v3.1
Gross Receipts
$555,544
Mission and Program Overview

Mission

Educare central maine will provide, model and/or extend high quality early care and education practices throughout maine to young children, their families and communities to improve school readiness and close the achievement gap.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,505,755$9,505,755→ $0
Land, Buildings, and Equipment, Net$7,477,201$7,321,779▼ $155,422
Savings and Temporary Cash Investments$205,777$472,277▲ $266,500
Pledges and Grants Receivable$528,332$17,397▼ $510,935
Prepaid Expenses and Deferred Charges$32,008$9,095▼ $22,913
Accounts Receivable-$70-
Cash and Non-Interest-Bearing Accounts$3--
Total Assets$17,749,076$17,378,523▼ $370,553
Other Assets Total-$52,150-
Liabilities
Deferred Revenue$8,439,562$8,292,819▼ $146,743
Accounts Payable and Accrued Expenses-$6,833-
Total Liabilities$8,439,562$8,299,652▼ $139,910
Net Assets / Fund Balance
Unrestricted Net Assets$9,309,514$9,078,871▼ $230,643
Total Net Assets Fund Balance$9,309,514$9,078,871▼ $230,643
Total Liabilities and Net Assets / Fund Balance$17,749,076$17,378,523▼ $370,553

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,231,652$897,253$8,128,905
Equipment$90,127$271,447$361,574
Compensation and Service Providers

Board Members and Trustees

NameTitle
Laurie LachanceChairperson
Kathryn ColferVice Chairpe
Bill AlfondDirector
Jim ClairDirector
Michael BurkeDirector
Suzanne WalshDirector
Eric HaleySecretary/tr
Mark JohnstonSignature of
Revenue and Support

Revenue Composition

Contributions and Grants
$63,228
Program Service Revenue
$0
Investment Income
$95,175
Other Revenue
$-17,850
All Other Contributions
$62,404
Change in Net Assets
$-230,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,138
Grants and Similar Amounts Paid$95,058
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$272,733--$272,733
Grants to Domestic Orgs$95,058--$95,058
Occupancy$923--$923
Office Expenses$701--$701
Information Technology$510--$510
Other Expenses$500--$500
Conferences and Meetings$458--$458
Travel$278--$278
Fees for Services Legal-$35-$35
Total Functional Expenses$371,161$35$0$371,196
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kennebec Valley CommunityWaterville, ME501c3See Addl Information$95,058
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,550
Fundraising Direct Expenses$824
Professional Fundraising Fees$0
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
KvcapBodSee Addl InformationNo$494,526
KvcapBodSee Addl InformationNo$34,763
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Kvcap handles the management and administrative services of educare central maine.

Form 990, Page 6, Part VI, Line 6

The organization has two founding members, kennebec valley community action program and the board of education of the waterville public schools. In addition, the organization has two members representing the major supporters, the bill and joan alfond foundation and the buffett early childhood fund. The four members are referred to as the "original directors".

Form 990, Page 6, Part VI, Line 7A

The four original directors have the authority to elect, from time to time, the other five directors of the corporaton based upon recommendations made to them by one or more founding members.

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

The board of directors is provided a draft copy of the return prior to filing for its review and approval. The return is filed only after that approval is given.

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

Each member of the governing board must annually complete a written statement of disclosure for conflicts of interest. The statement requires details of transactions, compensation arrangements or relationships with entities with which educare has any type of edcuational dealings.

Form 990, Page 6, Part VI, Line 19

The form 1023 and form 990 are available for public inspection upon request at the administrative office of kennebec valley community action program, waterville, maine.

Filing and Contact Details

Filer

Filer Name
Educare Central Maine Co Kennebec
EIN
26-4176872
Phone
2078591500
Address
97 WATER STREET, WATERVILLE, ME 04901

Signing Officer

Name
Mark Johnston
Title
Signature Officer
Phone
2078591500
Signed
2018-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Lachance
Formed
2009
Legal Domicile
Me
Voting Board Members
7
Independent Board Members
1
Employees
0
Volunteers
8

Preparer

Firm
Pfbfcpas
Address
46 FIRSTPARK DRIVE, OAKLAND, ME 04963-5362
Preparer
Danielle D Martin CPA
Phone
2078731603
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Educare central maine will provide, model and/or extend high quality early care and education practices throughout maine to young children, their families and communities to improve school readiness and close the achievement gap.

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

Cornerstone of this project. This national platform has been customized to maine's specifications. A second cornerstone of shared services supports formation of regional alliances to guide local solutions.

Form 990, Part IX, Line 11G

Contract services 272,733 0 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0SHARED SERVICES - THIS ACTIVITY WILL SUPPORT QUALITY IN ALL SETTINGS WHERE CHILDREN RECEIVE CARE AND IMPLEMENT AN INNOVATIVE APPROACH FOR MANAGEMENT AND LEADERSHIP DESIGNED TO SUPPORT EARLY CHILDHOOD PROVIDERS. THE TWO OVERARCHING GOALS ARE: (1) REDUCE OR SHARE COSTS THROUGH JOINT PURCHASING, BULK BUYING, STAFF SHARING, CENTRALIZED ADMINISTRATION OR SOME COMBINATION OF THESE, BASED ON EARLY CHILDHOOD EDUCATION PROGRAM NEEDS; AND (2) SHARED CAPACITY-BUILDING IN PROGRAM, ADMINISTRATION, OR BOTH, THROUGH THE USE OF COMMON TOOLS AND SYSTEMS, SHARED MENTORING AND SUPERVISION, AND/OR COLLABORATIVE IMPROVEMENT PROCESSES. A SHARED SERVICES WEB PLATFORM (HTTP://WWW.ECESHAREDRESOURCES.ORG) IS A CORNERSTONE OF THIS PROJECT. THIS NATIONAL PLATFORM HAS BEEN CUSTOMIZED TO MAINE'S SPECIFICATIONS. A SECOND CORNERSTONE OF SHARED SERVICES SUPPORTS FORMATION OF REGIONAL ALLIANCES TO GUIDE LOCAL SOLUTIONS.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SEE ADDL INFORMATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KENNEBEC VALLEY COMMUNITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0ACTION PROGRAM
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IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1SEE ADDL INFORMATION
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION OF TRANSACTIONS: KVCAP IS ONE OF THE ORIGINAL FOUR BOARD MEMBERS OF EDUCARE CENTRAL MAINE 34,763 - KVCAP PROVIDED EDCUATIONAL AND ADMINISTRATIVE SERVICES TO EDUCARE CENTRAL MAINE AS UNPAID SUPPORT WHICH WAS NOT INCLUDED AS EITHER REVENUES OR EXPENSES IN THE FINANCIAL RECORDS. THE AMOUNT OF THE TRANSACTION IS A REASONABLE ESTIMATE OF THE FAIR VALUE OF SERVICES. 494,526 - KVCAP WAS PAID 95,058 (PART IX LINE 1) AS A DONATION, AN ADDITIONAL 500 AS ANOTHER DONATION TO THE GOLF TOURNAMENT, 71,293 AS AN AWARD FOR PROGRAM SUPPORT, 52,150 AS A REIMBURSEMENT FOR WORK DONE ON THE PLAYGROUND AND PAID IN ERROR THROUGH KVCAP, 525 REFUND FROM A FUEL VENDOR MADE TO ECM IN ERROR (SHOULD HAVE BEEN KVCAP), 25,000 FOR SHARED SERVICES AND 250,000 FOR CONTINUITY OF CARE/COMMON SCHOOL READINESS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EDUCARE CENTRAL MAINE WILL PROVIDE, MODEL AND/OR EXTEND HIGH QUALITY EARLY CARE AND EDUCATION PRACTICES THROUGHOUT MAINE TO YOUNG CHILDREN, THEIR FAMILIES AND COMMUNITIES TO IMPROVE SCHOOL READINESS AND CLOSE THE ACHIEVEMENT GAP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CORNERSTONE OF THIS PROJECT. THIS NATIONAL PLATFORM HAS BEEN CUSTOMIZED TO MAINE'S SPECIFICATIONS. A SECOND CORNERSTONE OF SHARED SERVICES SUPPORTS FORMATION OF REGIONAL ALLIANCES TO GUIDE LOCAL SOLUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KVCAP HANDLES THE MANAGEMENT AND ADMINISTRATIVE SERVICES OF EDUCARE CENTRAL MAINE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS TWO FOUNDING MEMBERS, KENNEBEC VALLEY COMMUNITY ACTION PROGRAM AND THE BOARD OF EDUCATION OF THE WATERVILLE PUBLIC SCHOOLS. IN ADDITION, THE ORGANIZATION HAS TWO MEMBERS REPRESENTING THE MAJOR SUPPORTERS, THE BILL AND JOAN ALFOND FOUNDATION AND THE BUFFETT EARLY CHILDHOOD FUND. THE FOUR MEMBERS ARE REFERRED TO AS THE "ORIGINAL DIRECTORS".
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUR ORIGINAL DIRECTORS HAVE THE AUTHORITY TO ELECT, FROM TIME TO TIME, THE OTHER FIVE DIRECTORS OF THE CORPORATON BASED UPON RECOMMENDATIONS MADE TO THEM BY ONE OR MORE FOUNDING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS IS PROVIDED A DRAFT COPY OF THE RETURN PRIOR TO FILING FOR ITS REVIEW AND APPROVAL. THE RETURN IS FILED ONLY AFTER THAT APPROVAL IS GIVEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EACH MEMBER OF THE GOVERNING BOARD MUST ANNUALLY COMPLETE A WRITTEN STATEMENT OF DISCLOSURE FOR CONFLICTS OF INTEREST. THE STATEMENT REQUIRES DETAILS OF TRANSACTIONS, COMPENSATION ARRANGEMENTS OR RELATIONSHIPS WITH ENTITIES WITH WHICH EDUCARE HAS ANY TYPE OF EDCUATIONAL DEALINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FORM 1023 AND FORM 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE ADMINISTRATIVE OFFICE OF KENNEBEC VALLEY COMMUNITY ACTION PROGRAM, WATERVILLE, MAINE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CONTRACT SERVICES 272,733 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
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ReturnHeader/BusinessOfficerGrp/PersonNm0MARK JOHNSTON
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