Spectrum Inc
- Assets
- $8.9m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 92
- Location
- Burlington, VT
- Founding
- 11/1973
- Data as of
- 09/2021
- EIN
- 03-0253232
Organization Overview
Spectrum Inc is located in Burlington, VT. The organization was established in 1973. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 09/2021, Spectrum Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrum 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 09/2021, Spectrum Inc generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $7.3m during the year ending 09/2021. While expenses have increased by 14.6% 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.
Since 2019, Spectrum Inc has awarded 42 individual grants totaling $4,075,473. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER TEENAGERS, YOUNG ADULTS, AND THEIR FAMILIES TO MAKE AND SUSTAIN POSTIVE CHANGES THROUGH PREVENTION, INTERVENTION, AND LIFE SKILLS SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL PROGRAMS INCLUDE TWO RESIDENTIAL FACILITIES AND AN EMERGENCY SHELTER PROVIDING SERVICES TO HELP YOUTH TRANSITION TO INDEPENDENT LIVING.
THE COUNSELING PROGRAM IS NATIONALLY RECOGNIZED AND SPECIALIZES IN THE ASSESSMENT AND TREATMENT OF MENTAL HEALTH AND SUBSTANCE ABUSE CONCERNS FOR ADOLESCENTS AND YOUNG ADULTS.
THE OUTREACH/DROP-IN CENTER HELPS YOUTH WITH BASIC NEEDS (SUCH AS MEALS AND CLOTHING) AND OFFERS JOB TRAINING CLASSES, DRIVER EDUCATION AND OTHER SERVICES.
DETAIL WORKS GIVES YOUTH PROGRESSIVE, ON-THE-JOB EXPERIENCE, WITH AN EMPHASIS ON ATTENTION, COMMUNICATION, AND ACCOUNTABILITY, AND GIVES YOUTH A CHANCE TO TRY OUT THESE SKILLS IN A SAFE ENVIRONMENT. OTHER PROGRAMS FOCUS ON INDIVIDUALIZED SERVICES FOR YOUTH, OFFERING INDEPENDENT LIVING SKILLS, JOB TRAINING AND DEVELOPMENT AND SUBSTANCE ABUSE EDUCATION, AND IDENTIFYING ADDITIONAL PROGRAMS TO HELP YOUTH BECOME CONTRIBUTING MEMBERS OF THE COMMUNITY.
RESIDENTIAL PROGRAMS INCLUDE TWO RESIDENTIAL FACILITIES AND AN EMERGENCY SHELTER PROVIDING SERVICES TO HELP YOUTH TRANSITION TO INDEPENDENT LIVING.
THE COUNSELING PROGRAM IS NATIONALLY RECOGNIZED AND SPECIALIZES IN THE ASSESSMENT AND TREATMENT OF MENTAL HEALTH AND SUBSTANCE ABUSE CONCERNS FOR ADOLESCENTS AND YOUNG ADULTS.
THE OUTREACH/DROP-IN CENTER HELPS YOUTH WITH BASIC NEEDS (SUCH AS MEALS AND CLOTHING) AND OFFERS JOB TRAINING CLASSES, DRIVER EDUCATION AND OTHER SERVICES.
DETAIL WORKS GIVES YOUTH PROGRESSIVE, ON-THE-JOB EXPERIENCE, WITH AN EMPHASIS ON ATTENTION, COMMUNICATION, AND ACCOUNTABILITY, AND GIVES YOUTH A CHANCE TO TRY OUT THESE SKILLS IN A SAFE ENVIRONMENT. OTHER PROGRAMS FOCUS ON INDIVIDUALIZED SERVICES FOR YOUTH, OFFERING INDEPENDENT LIVING SKILLS, JOB TRAINING AND DEVELOPMENT AND SUBSTANCE ABUSE EDUCATION, AND IDENTIFYING ADDITIONAL PROGRAMS TO HELP YOUTH BECOME CONTRIBUTING MEMBERS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Redmond Executive Di | Officer | 40 | $145,510 |
Jeff Small Treasurer | OfficerTrustee | 2 | $0 |
Mary M Lee Vice Preside | OfficerTrustee | 2 | $0 |
Dennise Casey President | OfficerTrustee | 2 | $0 |
Cate Maclachlan Secretary | OfficerTrustee | 2 | $0 |
Viki Zulkoski Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rose Computers It Services | 9/29/21 | $142,197 |
Cultural Research Solutions Llc Program Mgmt | 9/29/21 | $370,009 |
Rose Computers It Services | 9/29/21 | $142,197 |
Cultural Research Solutions Llc Program Mgmt | 9/29/21 | $370,009 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $502,926 |
| Related organizations | $0 |
| Government grants | $3,285,794 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,745,077 |
| Noncash contributions included in lines 1a–1f | $78,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,533,797 |
| Total Program Service Revenue | $648,216 |
| Investment income | $106,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,517 |
| Net Gain/Loss on Asset Sales | $276,178 |
| Net Income from Fundraising Events | $11,284 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,605,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $844,273 |
| 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. | $177,975 |
| Compensation of current officers, directors, key employees. | $83,648 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,059,905 |
| Pension plan accruals and contributions | $52,583 |
| Other employee benefits | $590,141 |
| Payroll taxes | $242,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,408 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,001 |
| Fees for services: Other | $988,250 |
| Advertising and promotion | $22,476 |
| Office expenses | $79,368 |
| Information technology | $184,764 |
| Royalties | $0 |
| Occupancy | $273,791 |
| Travel | $12,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,803 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,816 |
| Insurance | $62,503 |
| All other expenses | $62,500 |
| Total functional expenses | $7,254,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,806 |
| Savings and temporary cash investments | $238,587 |
| Pledges and grants receivable | $493,471 |
| Accounts receivable, net | $780,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,092 |
| Net Land, buildings, and equipment | $1,788,637 |
| Investments—publicly traded securities | $5,347,179 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,750 |
| Total assets | $8,854,477 |
| Accounts payable and accrued expenses | $654,953 |
| Grants payable | $0 |
| Deferred revenue | $79,775 |
| 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 | $0 |
| Total liabilities | $734,728 |
| Net assets without donor restrictions | $6,408,576 |
| Net assets with donor restrictions | $1,711,173 |
| 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 | $8,854,477 |
Grants Awarded
Over the last fiscal year, Spectrum Inc has awarded $1,688,546 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR BEHAVIORAL HEALTHINTEGRATION PURPOSE: RESEARCH | $426,471 |
CENTER FOR BEHAVIORAL HEALTHINTEGRATION PURPOSE: RESEARCH | $426,471 |
St Albans, VT PURPOSE: RESEARCH | $127,680 |
St Albans, VT PURPOSE: RESEARCH | $127,680 |
Burlington, VT PURPOSE: RESEARCH | $76,225 |
Burlington, VT PURPOSE: RESEARCH | $76,225 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spectrum Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Christina Heroy Foundation Burlington, VT PURPOSE: OPERATINGSUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $446,650 |
| Earnings | $116,610 |
| Ending Balance | $563,260 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seamens Society For Children And Families Staten Island, NY | $5,020,134 | $20,127,273 |
Family Services Inc Poughkeepsie, NY | $11,302,603 | $22,651,312 |
The Campaign Against Hunger Inc Brooklyn, NY | $6,995,780 | $16,531,662 |
Project Hope Boston Inc Roxbury, MA | $9,700,637 | $15,440,351 |
Leo Inc Lynn, MA | $14,551,712 | $12,741,162 |
Fcp Inc Lawrence, MA | $5,245,913 | $11,316,943 |
Lund Family Center Inc Burlington, VT | $14,280,825 | $12,698,589 |
Northern Rivers Family Services Inc Albany, NY | $4,685,256 | $10,370,126 |
Easter Seals Vermont Inc Barre, VT | $1,493,648 | $7,934,572 |
Spectrum Inc Burlington, VT | $8,854,477 | $7,605,859 |
Centering Healthcare Institute Inc Boston, MA | $11,128,825 | $4,335,740 |
Aim B Yisroel Inc Spring Valley, NY | $8,577,901 | $8,781,940 |