Civic Intelligence

Educare Central Maine Co Kennebec Valley Community Action Program

990 • Fiscal year 2021 • EIN 26-4176872

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 12, 2022

101 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

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

13th percentile

0.01x

Higher debt load relative to revenue than 13% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

9th percentile

-21%

Higher net margin than 9% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

65th percentile

$155,461

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 38.5% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

25th percentile

0.1%

Faster asset growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

117%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$9,472,369

Up $10,493 (+0.1%) from 2020

Net Assets

Up

$9,469,825

Up $180,273 (+1.9%) from 2020

Liabilities

Down

$2,544

Down $169,780 (-99%) from 2020

Revenue

Up

$403,943

Up $217,672 (+117%) from 2020

Expenses

Up

$489,005

Up $114,889 (+31%) from 2020

Net Income

Up

-$85,062

Up $102,783 (+55%) from 2020

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

2021

Assets$9,472,369
Liabilities$2,544
Net Assets$9,469,825

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

2021

Revenue$403,943
Expenses$489,005
Net Income-$85,062
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 12, 2022
Return Version
2020v4.2
Gross Receipts
$844,728
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
Land, Buildings, and Equipment, Net$6,964,986$6,799,122▼ $165,864
Investments in Publicly Traded Securities$1,579,173$1,897,559▲ $318,386
Savings and Temporary Cash Investments$402,521$499,448▲ $96,927
Pledges and Grants Receivable$504,250$262,949▼ $241,301
Prepaid Expenses and Deferred Charges$10,946$13,291▲ $2,345
Total Assets$9,461,876$9,472,369▲ $10,493
Liabilities
Accounts Payable and Accrued Expenses$172,324$2,544▼ $169,780
Total Liabilities$172,324$2,544▼ $169,780
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,289,552$9,469,825▲ $180,273
Total Net Assets Fund Balance$9,289,552$9,469,825▲ $180,273
Total Liabilities and Net Assets / Fund Balance$9,461,876$9,472,369▲ $10,493

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,720,318$1,408,587$8,128,905
Equipment$78,804$419,482$498,286

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,579,173-▲ $330,013-$1,897,559
2019$1,550,933-▲ $38,890-$1,579,173
2018$1,525,160-▲ $32,353-$1,550,933
2017-$1,525,160--$1,525,160
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim ClairChairperson
Eric HaleyVice Chairperson
Bill AlfondDirector
Laurie LachanceDirector
Michael BurkeDirector
Michael MitchellDirector
Rachel IsaacsDirector
Suzanne WalshSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$353,131
Program Service Revenue
$0
Investment Income
$64,676
Other Revenue
$-13,864
All Other Contributions
$313,478
Change in Net Assets
$-85,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$292,255
Other Expenses$196,750
Total Fundraising Expense$12,417
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$292,255--$292,255
Depreciation Depletion$165,864--$165,864
Office Expenses$12,031$455$373$12,859
Insurance$10,143$2,011-$12,154
Advertising-$687$2,364$3,051
Fees for Services Accounting-$1,895-$1,895
Other Expenses$197$1,088$124$1,409
Conferences and Meetings$51-$253$304
Fees for Services Legal-$35-$35
All Other Expenses$-345-$126$-219
Fees for Services Other-$-14,800-$-14,800
Total Functional Expenses$480,156$-3,568$12,417$489,005
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kennebec Valley Community Action ProgramWaterville, ME501(c)3Trauma-informed Education and General Programming$292,255
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,864
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
B&j Alfond Lab School/learning Hub$39,653-$7,212-
Total Events$39,653-$13,864$-13,864
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
-Kvcap Is One of the Original Board Members of Educare Cental MaineTrauma-informed Education and General ProgrammingNo$292,255
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
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, Part VI, Section A, Line 3

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

Form 990, Part VI, Section A, 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 buffett early childhood fund. The four members are referred to as the original directors."

Form 990, Part VI, Section A, Line 7A

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

Form 990, Part VI, Section B, 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. If there is no meeting date prior to filing, a copy of the form 990 is forwarded to the board treasurer for review.

Form 990, Part VI, Section B, 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 dealings.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

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

Signing Officer

Name
Suzanne Walsh
Title
CEO of Kvcap
Phone
2078591500
Signed
2022-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Walsh
Formed
2009
Legal Domicile
Me
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
10

Preparer

Firm
Wipfli Llp
Address
PO BOX 8700, MADISON, WI 53708-8700
Preparer
Karl Eck CPA
Phone
6082741980
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Lab school & learning hub - the educare central maine lab school provides a model early childhood program for developing professional through field placement, research and training, observation and reflection, to aspiring associate, bachelor, and master's degree students enrolled in maine's higher education partnership institutions. The educare central main learning hub is a model demonstration site providing increased access to high-quality, research-based professional development to build professional capacity for the early childhood workforce.

Form 990, Part III, Line 3

The shared services program ended due to lack of participation and limited funding opportunities. It was deemed to no longer be a viable program.

Raw XML AppendixShowing 400 of 486 raw XML fields

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/Desc0LAB SCHOOL & LEARNING HUB - THE EDUCARE CENTRAL MAINE LAB SCHOOL PROVIDES A MODEL EARLY CHILDHOOD PROGRAM FOR DEVELOPING PROFESSIONAL THROUGH FIELD PLACEMENT, RESEARCH AND TRAINING, OBSERVATION AND REFLECTION, TO ASPIRING ASSOCIATE, BACHELOR, AND MASTER'S DEGREE STUDENTS ENROLLED IN MAINE'S HIGHER EDUCATION PARTNERSHIP INSTITUTIONS. THE EDUCARE CENTRAL MAIN LEARNING HUB IS A MODEL DEMONSTRATION SITE PROVIDING INCREASED ACCESS TO HIGH-QUALITY, RESEARCH-BASED PROFESSIONAL DEVELOPMENT TO BUILD PROFESSIONAL CAPACITY FOR THE EARLY CHILDHOOD WORKFORCE.
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt078804
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0419482
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0498286
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06799122
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0B&J ALFOND LAB SCHOOL/LEARNING HUB
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt039653
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IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0292255
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TRAUMA-INFORMED EDUCATION AND GENERAL PROGRAMMING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KENNEBEC VALLEY COMMUNITY ACTION PROGRAM
IRS990ScheduleI/RecipientTable/RecipientEIN0010277678
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0101 WATER STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WATERVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ME
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SUZANNE WALSH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY/TREASURER
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IRS990ScheduleJ/SeverancePaymentInd00
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0KVCAP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0KVCAP IS ONE OF THE ORIGINAL BOARD MEMBERS OF EDUCARE CENTAL MAINE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAB SCHOOL & LEARNING HUB - THE EDUCARE CENTRAL MAINE LAB SCHOOL PROVIDES A MODEL EARLY CHILDHOOD PROGRAM FOR DEVELOPING PROFESSIONAL THROUGH FIELD PLACEMENT, RESEARCH AND TRAINING, OBSERVATION AND REFLECTION, TO ASPIRING ASSOCIATE, BACHELOR, AND MASTER'S DEGREE STUDENTS ENROLLED IN MAINE'S HIGHER EDUCATION PARTNERSHIP INSTITUTIONS. THE EDUCARE CENTRAL MAIN LEARNING HUB IS A MODEL DEMONSTRATION SITE PROVIDING INCREASED ACCESS TO HIGH-QUALITY, RESEARCH-BASED PROFESSIONAL DEVELOPMENT TO BUILD PROFESSIONAL CAPACITY FOR THE EARLY CHILDHOOD WORKFORCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SHARED SERVICES PROGRAM ENDED DUE TO LACK OF PARTICIPATION AND LIMITED FUNDING OPPORTUNITIES. IT WAS DEEMED TO NO LONGER BE A VIABLE PROGRAM.
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 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 CORPORATION 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. IF THERE IS NO MEETING DATE PRIOR TO FILING, A COPY OF THE FORM 990 IS FORWARDED TO THE BOARD TREASURER FOR REVIEW.
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 DEALINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B

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