Waypoint Maine Inc
- Assets
- $37.4m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 435
- Location
- Sanford, ME
- Founding
- 01/1968
- Data as of
- 06/2022
- EIN
- 01-0279587
Organization Overview
Waypoint Maine Inc is located in Sanford, ME. The organization was established in 1968. 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 06/2022, Waypoint Maine Inc employed 435 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waypoint Maine 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, Waypoint Maine Inc generated $26.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $20.1m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST DEVELOPMENTALLY DISABLED PERSONS.
Describe the Organization's Program Activity:
CHILD DEVELOPMENT CENTER - PROVIDES DEVELOPMENTAL PRESCHOOL PROGRAMS IN A REVERSE MAINSTREAM SETTING TO SPECIAL NEEDS CHILDREN, AGES 2 1/2 TO 6 ON A YEAR ROUND BASIS.
ADULT DEVELOPMENT CENTER - PROVIDES EXCERCISE, PHYSICAL AND OCCUPATIONAL THERAPY AS WELL AS PREPARATION FOR COMMUNITY LIVING. WORKSHOPS OFFER THE OPPORTUNITY FOR HANDICAPPED PEOPLE TO DO MANUFACTURING WORK.
GROUP HOMES & APARTMENTS - 13 GROUP HOMES PROVIDE DOMESTIC TRAINING & LIVING ACCOMODATIONS FOR DEVELOPMENTALLY DISABLED PERSONS. 4 APARTMENTS PROVIDE ASSISTANCE TO PERSONS LEARNING TO LIVE INDEPENDENTLY.
SUMMER CAMP & OTHER PROJECTS- PROVIDES VARIOUS ACTIVITIES SUCH AS SWIMMING, BOATING, ARTS & CRAFTS, LANGUAGE ENRICHMENT, PHYSICAL EDUCATION, AND MUSIC TO HELP ENRICH INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Putnam Executive Director | Officer | 40 | $151,440 |
Dennis Byrd Vice President | OfficerTrustee | 1 | $0 |
Shawn Sullivan President | OfficerTrustee | 2 | $0 |
Anthony Cataldi Treasurer | OfficerTrustee | 2 | $0 |
Mary Frances Frank Secretary | OfficerTrustee | 2 | $0 |
Kathy Fernberg Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,192,533 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,191,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,384,387 |
| Total Program Service Revenue | $21,086,733 |
| Investment income | $268,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $337,301 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,077,048 |
| 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. | $151,440 |
| Compensation of current officers, directors, key employees. | $17,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,837,701 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,177,211 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $296,751 |
| Royalties | $0 |
| Occupancy | $1,345,215 |
| Travel | $288,041 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,079,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,820,174 |
| Savings and temporary cash investments | $8,197,667 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,156,630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $104,022 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $349,626 |
| Net Land, buildings, and equipment | $7,627,905 |
| Investments—publicly traded securities | $9,057,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,104,479 |
| Total assets | $37,417,961 |
| Accounts payable and accrued expenses | $1,295,812 |
| 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 | $102,455 |
| Total liabilities | $1,398,267 |
| Net assets without donor restrictions | $32,952,620 |
| Net assets with donor restrictions | $3,067,074 |
| 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 | $37,417,961 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Waypoint Maine Inc has recieved totaling $51,325.
| Awarding Organization | Amount |
|---|---|
Kennebunk Savings Bank Foundation Kennebunk, ME PURPOSE: WORKFORCE DEVELOPMENT TECHNOLOGY | $20,000 |
Kennebunk Savings Bank Foundation Kennebunk, ME PURPOSE: AGING IN PLACE FOR WABANS SENIOR MEMBERS | $11,850 |
Elmina B Sewall Foundation Freeport, ME PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,428 |
Tr 487 Uw Ethel Levasseur Bo Unitarian Church Portland, ME PURPOSE: SUPPORT ORGANIZATION | $2,988 |
Corning Incorporated Foundation Corning, NY PURPOSE: TECHNOLOGY UPGRADES | $1,000 |
Endowment Analysis
| Beg. Balance | $609,649 |
| Earnings | -$47,348 |
| Other Expense | -$20,299 |
| Ending Balance | $542,002 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Behavioral Health & Developmental Services Of Stafford County Inc Dover, NH | $15,344,389 | $51,511,437 |
Lakes Region Community Services Council Laconia, NH | $11,804,151 | $30,580,604 |
Developmental Services Of Sullivan County Inc Claremont, NH | $6,730,839 | $26,476,169 |
Waypoint Maine Inc Sanford, ME | $37,417,961 | $26,077,048 |
Port Resources South Portland, ME | $6,988,645 | $14,195,807 |
Support Solutions Inc Auburn, ME | $4,627,175 | $13,680,962 |
Independence Association Inc Brunswick, ME | $10,733,333 | $10,715,783 |
Community Living Association Houlton, ME | $6,904,943 | $9,371,588 |
Leap Farmington, ME | $5,331,384 | $8,415,855 |
Skills Inc St Albans, ME | $6,219,132 | $10,255,548 |
Central Aroostook Association Presque Isle, ME | $6,844,683 | $8,687,075 |
Peregrine Corp South Portland, ME | $9,247,033 | $7,302,210 |