Kennebec Valley Council Of Governments
- Assets
- $3.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Fairfield, ME
- Founding
- 06/1998
- Data as of
- 06/2021
- EIN
- 01-0488478
Organization Overview
Kennebec Valley Council Of Governments is located in Fairfield, ME. The organization was established in 1998. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Kennebec Valley Council Of Governments employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennebec Valley Council Of Governments 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, Kennebec Valley Council Of Governments generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 4.2% 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
TO BE AN ADVOCATE AND AGENT FOR LOCAL AND REGIONAL PLANNING AND ECONOMIC GROWTH. TO SUPPORT AND EXPAND THE CAPABILITIES OF LOCAL, MUNICIPAL, AND COUNTY GOVERNMENT DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLANNING - KVOG PROVIDES EDUCATIONAL, TRAINING, AND ADVISORY SERVICES TO GOVERMENTAL AGENCIES, BOARDS, AND COMMITTEES IN THE AREAS OF TRANSPORTATION, SOLID WASTE, ENVIRONMENT, AND LAND USE AND ALSO PROVIDES GIS MAPPING SERVICES IN SUPPORT OF THESE PLANNING ACTIVITIES. KVCOG ACHIEVED THE FOLLOWING IN THIS AREA OF ITS EXEMPT PURPOSE OPERATIONS - ASSISTED OVER 35 TOWNS WITH LAND USE QUESTIONS, ORDINANCE AMENDMENTS OR BOARD PROCEDURES/FORMS ETC. - ASSITED MUTIPLE TOWNS WITTH SOLAR FARM, WIND POWER AND MEDICAL MARIJUANA ORDINANCES. - ASSISTED MULTIPLE COMMUNITIES WITH UPDATING OF SHORELAND ZONING MAPS. - TOWN PLANNER BY CONTRACT.
ECONOMIC AND COMMUNITY DEVELOPMENT KVCOG PROVIDES ECONOMIC AND COMMUNITY DEVELOPMENT SERVICES RELATING TO INVESTMENTS IN MUNICIPAL INFRASTRUCTURE, WORKFORCE DEVELOPMENT, SHARED SERVICES, TRAINING, AND BUSINESS RETENTION, EXPANSION AND ATTRACTION. KVCOG PROVIDED ECONOMIC DEVELOPMENT ASSISTANCE TO THE TOWNS OF BENTON, CHINA, CHELSEA, GARDINER, MADISION, VASSALBORO, WATERVILLE, WINSLOW, WINTHROP. KVCOG ALSO PROVIDED ECONOMIC AND COMMUNITY DEVELOPMENT SERVICES TO - THE TOWNS OF ANSON, BINGHAM, CHINA, MADISON, ROME, SKOWHEGAN, STARKS, AND ST. ALBANS FOR SERVICES RELATED TO INVESTMENTS IN MUNICIPAL INFRASTRUCTURE THROUGH BROADBAND PLANNING.
REVOLVING LOAN FUND RLF KVCOG PROVIDES BUSINESS FINANCE AND BUSINESS COUNSELING SERVICES TO PRIVATE SECTOR ORGANIZATIONS IN FURTHERANCE OF ITS GOALS TO PROMOTE INCREASED PUBLIC AND PRIVATE SECTOR INVESTMENT AND JOB RETENTION AND JOB CREATION. RLF IS A KEY COMPONENT OF OUR ECONOMIC DEVELOPMENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Cyr Executive Director 7/1-10/7 | Officer | 40 | $65,948 |
Joel Greenwood Interim Executive Director 10/8-12-31 | Officer | 40 | $63,601 |
Tim Curtis Vice President | OfficerTrustee | 0.2 | $0 |
Irene Belanger Past President | OfficerTrustee | 0.2 | $0 |
Christine Almand Treasurer | OfficerTrustee | 0.2 | $0 |
Kathryn Ruth Secretary | OfficerTrustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grace Hospitality Associates Merg | 6/29/21 | $136,000 |
Maple Hill Farm Inc Merg | 6/29/21 | $136,000 |
Red Barn Inc Merg | 6/29/21 | $136,000 |
Beech Hill Barn Llc Merg | 6/29/21 | $136,000 |
Crab Apple Whitewater Inc Merg | 6/29/21 | $136,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $181,287 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $892,571 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,073,858 |
| Total Program Service Revenue | $477,437 |
| Investment income | $8,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,561,553 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $501,689 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $149,725 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140 |
| 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 | $209,036 |
| Advertising and promotion | $0 |
| Office expenses | $8,115 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,201 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $37,224 |
| Total functional expenses | $1,070,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,120,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,191 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,299,162 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,575 |
| Net Land, buildings, and equipment | $135,293 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,215 |
| Total assets | $3,745,709 |
| Accounts payable and accrued expenses | $42,178 |
| Grants payable | $0 |
| Deferred revenue | $52,916 |
| 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 | $996,432 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,655 |
| Total liabilities | $1,128,181 |
| Net assets without donor restrictions | $736,578 |
| Net assets with donor restrictions | $1,880,950 |
| 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 | $3,745,709 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kennebec Valley Council Of Governments has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Rudolf Steiner Foundation Inc San Francisco, CA PURPOSE: TO SUPPORT CROWN O' MAINE ORGANIC COOPERATIVE | $50,000 |
The Bill And Joan Alfond Foundation Portland, ME PURPOSE: WATERVILLE REGION SMALL BUSINESS GRANT PROGRAM | $20,000 |
President & Trustees Of Colby College Waterville, ME PURPOSE: General support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Maine Development Foundation Hallowell, ME | $970,799 | $2,681,444 |
Maine Tourism Association Hallowell, ME | $2,552,212 | $2,806,092 |
Maine Manufacturing Extension Partnership Augusta, ME | $1,279,245 | $1,939,009 |
Rockingham Economic Development Corporation Raymond, NH | $17,369,754 | $4,323,565 |
Kennebec Valley Council Of Governments Fairfield, ME | $3,745,709 | $1,561,553 |
Main Street Skowhegan Skowhegan, ME | $357,285 | $771,437 |
Convention Visitors Bureau Of Greater Portland Portland, ME | $563,151 | $741,115 |
Walpole Foundation Walpole, NH | $9,906,634 | $599,898 |
New Hampshire Lodging And Resturant Association Concord, NH | $788,383 | $690,976 |
Central Maine Growth Council Waterville, ME | $350,733 | $607,931 |
Grafton County Economic Development Council Plymouth, NH | $4,974,864 | $573,300 |