King Street Center Inc
- Assets
- $8.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 48
- Location
- Burlington, VT
- Founding
- 11/1980
- Data as of
- 03/2022
- EIN
- 23-7236312
Organization Overview
King Street Center Inc is located in Burlington, VT. The organization was established in 1980. As of 03/2022, King Street Center Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King Street Center 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 03/2022, King Street Center Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.5m during the year ending 03/2022. While expenses have increased by 1.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE KING STREET CENTER'S MISSION IS TO CREATE A PLACE WHERE KIDS MEET OPPORTUNITY THROUGH LEARNING, PLAY AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY EDUCATION - A "VERMONT FIVE-STAR" PRESCHOOL PROGRAM FOR CHILDREN AGES EIGHTEEN MONTHS TO FIVE YEARS. THE ORGANIZATION'S PLAY-BASED PROGRAM FOSTERS CHILDREN'S DEVELOPMENT IN THE AREAS OF LITERACY, CREATIVE ARTS, MATH AND SCIENCE, PHYSICAL HEALTH, LANGUAGE DEVELOPMENT, SOCIAL AND EMOTIONAL GROWTH, AND APPROACHES TO LEARNING.
AFTER SCHOOL - A LARGE AND DIVERSE PROGRAM, "AFTERSCHOOL EXCELLENCE" SERVES CHILDREN IN GRADES K-5 AND INCLUDES HOMEWORK HELP, TECHNOLOGY EDUCATION, ATHLETICS AND THE ARTS. KING STREET IS ALSO HOME TO ONE OF THE LARGEST MENTORING PROGRAMS IN THE STATE WHERE CHILDREN ARE MATCHED ONE-ON-ONE WITH CARING ADULTS IN THE COMMUNITY.
TEEN PROGRAM - OUR TEEN PROGRAM SERVES CHILDREN IN GRADES 6-12 AND PROVIDES A WIDE VARIETY OF EXPERIENCES AND ACTIVITIES INCLUDING - BUT NOT LIMITED TO - ENRICHMENT, RECREATION, ACADEMIC SUPPORT, JOB SKILLS/TRAINING, AND COLLEGE AND CAREER PREPAREDNESS. IN ADDITION, TO OUR REGULAR AFTERSCHOOL AND SUMMER PROGRAMMING, WE ALSO OFFER PARTICIPANTS THE OPPORTUNITY TO PARTICIPATE IN THE KING STREET LEMONADE PROGRAM. KING STREET LEMONADE IS A SEASONAL JOB TRAINING PROGRAM FOR MIDDLE SCHOOLERS THAT PROVIDES THEM WITH A WIDE VARIETY OF JOB AND FINANCIAL LITERACY SKILLS, WHICH CULMINATES IN AN EIGHT WEEK SUMMER JOB WORKING ON OUR FRESH-SQUEEZED LEMONADE STAND ON THE CHURCH STREET MARKETPLACE.
OTHER PROGRAMS INCLUDE THE JUNIOR/SENIOR BUDDY AND OTHER VOLUNTEER/MENTORING PROGRAMS, THE ROXANE LEOPOLD SCHOLARSHIP FUND, AND OUTREACH AND ESL PROGRAMS FOR IMMIGRANT FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Smith Executive Director (apr - Nov) | Officer | 40 | $70,630 |
Shabnam Nolan Executive Director (oct - Mar) | Officer | 40 | $25,915 |
Stacie Fagan Chair | OfficerTrustee | 1 | $0 |
Premila Peters Vice-Chair | OfficerTrustee | 1 | $0 |
Eric Miller Secretary | OfficerTrustee | 1 | $0 |
Eric Ode Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,677 |
| Membership dues | $0 |
| Fundraising events | $28,000 |
| Related organizations | $55,311 |
| Government grants | $183,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $846,962 |
| Noncash contributions included in lines 1a–1f | $62,252 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,154,882 |
| Total Program Service Revenue | $375,716 |
| Investment income | $75,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,176 |
| Net Income from Fundraising Events | $34,347 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,566 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,744,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,451 |
| Compensation of current officers, directors, key employees. | $62,248 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $896,323 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,009 |
| Payroll taxes | $77,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,994 |
| Fees for services: Other | $47,866 |
| Advertising and promotion | $0 |
| Office expenses | $44,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,173 |
| Travel | $6,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,941 |
| Interest | $0 |
| Payments to affiliates | $53,600 |
| Depreciation, depletion, and amortization | $40,379 |
| Insurance | $38,179 |
| All other expenses | $0 |
| Total functional expenses | $1,501,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,305 |
| Savings and temporary cash investments | $424,280 |
| Pledges and grants receivable | $129,192 |
| Accounts receivable, net | $22,375 |
| 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 | $7,240 |
| Net Land, buildings, and equipment | $4,516,807 |
| Investments—publicly traded securities | $2,825,739 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,634 |
| Total assets | $8,477,572 |
| Accounts payable and accrued expenses | $49,692 |
| 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 | $0 |
| Total liabilities | $49,692 |
| Net assets without donor restrictions | $7,764,626 |
| Net assets with donor restrictions | $663,254 |
| 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 | $8,477,572 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that King Street Center Inc has recieved totaling $334,444.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $160,475 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $65,180 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $31,000 |
Argosy Foundation Milwaukee, WI PURPOSE: HUMAN SERVICE PROJECT | $25,000 |
George W Mergens Foundation Milton, VT PURPOSE: AFTER SCHOOLEXCELLENCE PROGRAM | $15,000 |
Fanny Allen Corporation Tewksbury, MA PURPOSE: King Street Center Afterschool Excellence/Summer Camp | $10,000 |
Endowment Analysis
| Beg. Balance | $2,671,333 |
| Earnings | $49,518 |
| Admin Expense | $13,994 |
| Net Contributions | $127,882 |
| Grants | $9,000 |
| Ending Balance | $2,825,739 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Islip Youth Enrichment Services Incorporated West Islip, NY | $4,202,008 | $4,505,707 |
King Street Center Inc Burlington, VT | $8,477,572 | $1,744,606 |
Bellport Area Community Action Committee Inc Bellport, NY | $3,869,193 | $1,391,396 |
Youth Directions And Alternatives Community And Youth Agency Inc Northport, NY | $281,566 | $541,698 |
Thomas H Slater Center Inc White Plains, NY | $122,236 | $551,362 |
Pittsford Youth Services Inc Pittsford, NY | $507,223 | $499,855 |
Parent To Parent New York Inc Staten Island, NY | $26,829 | $0 |