Overview
What is Katahdin Friends Inc?
Katahdin Friends Inc, based in Millinocket, Maine, is a nonprofit organization committed to supporting adults with intellectual and developmental disabilities. Under various waivers, they offer a range of services, including community engagement, home maintenance, self-care assistance, health and safety support, and involvement in leisure activities, volunteering, and employment. Their mission is to empower these individuals, fostering their integration into the community as respected members. Serving an average of 70 individuals in Penobscot County and the broader Portland region, Katahdin Friends Inc focuses on developing and strengthening relationships throughout their lives. With a workforce of 163 dedicated employees, they strive to enhance the daily lives of those they support.
Official website here: www.kfimaine.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating).
Katahdin Friends Inc has achieved a high overall score of 96%, reflecting its strong performance in accountability and finance. The organization is fully compliant with best practices, as evidenced by its perfect score in various metrics, including independent board membership and financial oversight. This indicates a well-governed entity that prioritizes transparency and fiscal responsibility.
The nonprofit boasts a robust financial health profile, with a low liabilities to assets ratio of 15.77% and a commendable program expense ratio of 84.74%. These figures demonstrate that the majority of its resources are directed towards its mission-driven programs rather than administrative costs, which is a positive aspect for donors and stakeholders alike.
There are no significant limitations or concerns noted in the feedback. The organization's adherence to policies regarding conflicts of interest and whistleblower protections further solidifies its integrity and operational standards. Overall, Katahdin Friends Inc exemplifies strong governance and effective use of funds, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Katahdin Friends Inc legitimate?
Katahdin Friends Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Katahdin Friends Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $251,265
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,878,870
For more financial information, click here
Official website here: www.kfimaine.org
What is the mission statement of Katahdin Friends Inc?
Katahdin Friends Inc's mission is centered around empowering and individually supporting individuals with disabilities. The organization strives to help these individuals integrate into their community and be recognized as respected members. The services provided by Katahdin Friends Inc under various waivers encompass various aspects of life, including community engagement, utilizing community resources, and developing and strengthening relationships. This support extends to daily living tasks such as shopping, home maintenance, self-care, and leisure activities, among others. The organization serves an average of 70 individuals in Penobscot County and the greater Portland region.
Official website here: www.kfimaine.org
Who is the CEO of Katahdin Friends Inc?
Lyann Grogan is the President of Katahdin Friends Inc. The CEO's salary of Katahdin Friends Inc is $82,249 and their total compensation is $85,565.
Official website here: www.kfimaine.org
What is the revenue of Katahdin Friends Inc?
Katahdin Friends Inc's revenue in 2023 was $7,603,860.
Official website here: www.kfimaine.org
Who are the executives of Katahdin Friends Inc and what are their salaries?
The average compensation at Katahdin Friends Inc during 2023 was $25,338. There are 163 employees and 9 volunteers at Katahdin Friends Inc.
Here are 12 key members and their salaries (Katahdin Friends Inc's CEO's salary is $82,249 and their total compensation is $85,565):
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- Compensation: $114,106
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- Other: $2,980
- Compensation: $82,249
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- Other: $3,316
- Compensation: $35,400
- Related: $0
- Other: $10,081
Official website here: www.kfimaine.org
Where can I find the form 990 for Katahdin Friends Inc?
Katahdin Friends Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kfimaine.org
Learn more at the official website: www.kfimaine.org
Mission Statement of Katahdin Friends Inc
Katahdin Friends Inc, a nonprofit organization, is committed to empowering individuals with disabilities to live as respected members of their communities. Their mission is to provide individualized support, enabling these individuals to actively engage in various aspects of community life. This support extends to various facets of daily living, including shopping, home maintenance, self-care, health and safety, leisure activities, volunteering, and employment. By utilizing natural resources and fostering relationships, Katahdin Friends Inc helps these individuals lead fulfilling lives, integrating them into their communities. On average, around 70 individuals in Penobscot County and the greater Portland region benefit from these services.
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Impact
July, 2024
Katahdin Friends Inc, through its various programs and services, plays a crucial role in empowering and supporting individuals with disabilities to live as integral and respected members of their communities. By providing community, home, and employment supports, KFI ensures that these individuals have the necessary resources and assistance to engage in various activities, develop relationships, and lead fulfilling lives.
KFI's impact is evident in the lives of the approximately 70 individuals it serves in Penobscot County and the greater Portland region. Through services such as shopping assistance, home maintenance support, health and safety guidance, leisure activities, volunteering opportunities, and employment assistance, KFI enables individuals with intellectual and developmental disabilities to participate actively in society and maximize their potential.
Overall, Katahdin Friends Inc's commitment to human services and its mission to support people with disabilities reflect a significant impact on the well-being and quality of life of those it serves.
This information is meant to be a general summary of Katahdin Friends Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $33,591
- Program Service Revenue: $7,396,202
- Gross Receipts: $8,455,125
Assets and Liabilities:
- Total Assets: $6,057,075
- Total Liabilities: $955,578
- Net Assets: $5,101,497
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident Service Reven
Revenue
$7,381,570
Other Income
Revenue
$11,491
Vocational Rehab Fees
Revenue
$1,993
Consulting Income
Revenue
$1,148
Organization Details
Founding Year
1962
Phone
(207) 723-9466Principal Officer
Lyann Grogan
Main Address
1024 Central Street A, Millinocket, ME, 04462
Website
www.kfimaine.orgNTEE Category
Code: P820 - Human services
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