Overview
What is Kennebec Valley Council Of Governments?
The Kennebec Valley Council Of Governments (KVCOG) is a nonprofit organization, headquartered at 17 Main Street, Fairfield, ME 04937. Their primary purpose is to promote economic and community development in the region. They offer assistance with municipal infrastructure investments, workforce development, shared services, training, and business retention, expansion, and attraction. KVCOG has actively supported various towns, such as Benton, China, Chelsea, Gardiner, Madison, Vassalboro, Waterville, Winslow, and Winthrop, in their economic development. Moreover, they have extended their services to specific towns, including Anson, Bingham, China, Madison, Rome, Skowhegan, Starks, and St. Albans, for investments in municipal infrastructure through broadband planning. KVCOG's mission is to serve as an advocate and agent for local and regional planning and economic growth, aiming to expand the capabilities of local, municipal, and county government development.
Official website here: www.kvcog.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star rating
The Kennebec Valley Council Of Governments has achieved an impressive 96% rating, reflecting strong accountability and financial management practices. This rating is based solely on their performance in the Accountability & Finance beacon, indicating a focus on transparency and responsible stewardship of resources. The organization boasts a fully independent board, which enhances its governance quality and aligns with best practices in nonprofit management.
The organization demonstrates robust financial health with a low liabilities-to-assets ratio of 22.76%, signaling stability. Furthermore, they allocate 71.08% of their expenses directly to programs, highlighting their commitment to mission-focused spending. Their financial policies, including a comprehensive audit and oversight committee, contribute to the organization’s credibility and trustworthiness.
While the data showcases numerous strengths, the summary does not mention any specific challenges or limitations faced by the Kennebec Valley Council Of Governments. Overall, their strong performance metrics suggest they are well-positioned to effectively serve their community and fulfill their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Kennebec Valley Council Of Governments legitimate?
Kennebec Valley Council Of Governments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kennebec Valley Council Of Governments 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: $89,380
Professional Fundraising Fees: $0
Other Salaries and Wages: $185,884
For more financial information, click here
Official website here: www.kvcog.org
What is the mission statement of Kennebec Valley Council Of Governments?
The Kennebec Valley Council Of Governments serves as an advocate and an agent for local and regional planning and economic growth. Its mission is to support and enhance the capabilities of local, municipal, and county governments in their development efforts. The organization provides various economic and community development services, including assistance with investments in municipal infrastructure, workforce development, shared services, training, and business retention, expansion, and attraction. Through its initiatives, KVCOG aims to contribute to the growth and prosperity of several towns in the region, such as Benton, China, Chelsea, Gardiner, Madision, Vassalboro, Waterville, Winslow, and Winthrop, among others. Additionally, it offers support to towns like Anson, Bingham, China, Madison, Rome, Skowhegan, Starks, and St. Albans for services related to investments in municipal infrastructure, primarily through broadband planning.
Official website here: www.kvcog.org
Who is the CEO of Kennebec Valley Council Of Governments?
Matthew Underwood is the Executive Director of Kennebec Valley Council Of Governments.
Official website here: www.kvcog.org
What is the revenue of Kennebec Valley Council Of Governments?
Kennebec Valley Council Of Governments's revenue in 2022 was $1,583,667.
Official website here: www.kvcog.org
Who are the executives of Kennebec Valley Council Of Governments and what are their salaries?
The average compensation at Kennebec Valley Council Of Governments during 2022 was $25,024. There are 11 employees and 18 volunteers at Kennebec Valley Council Of Governments.
Here are 15 key members and their salaries:
- Compensation: $89,380
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Official website here: www.kvcog.org
Where can I find the form 990 for Kennebec Valley Council Of Governments?
Kennebec Valley Council Of Governments's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kvcog.org
Learn more at the official website: www.kvcog.org
Mission Statement of Kennebec Valley Council Of Governments
The Kennebec Valley Council of Governments, in its role, serves as an advocate and catalyst for local and regional planning and economic growth. Its mission is to bolster and expand the capabilities of various local, municipal, and county government developments. In essence, this nonprofit organization seeks to champion and facilitate comprehensive planning and economic growth in its respective region.
To accomplish this mission, the Kennebec Valley Council of Governments offers a range of services aimed at fostering economic and community development. These services encompass investments in municipal infrastructure, workforce development, shared services, training, and business retention, expansion, and attraction. The organization has provided assistance to numerous towns across its region, including Benton, China, Chelsea, Gardiner, Madision, Vassalboro, Waterville, Winslow, and Winthrop. Moreover, it has extended its economic and community development services to other towns, such as Anson, Bingham, China, Madison, Rome, Skowhegan, Starks, and St. Albans, for initiatives related to investments in municipal infrastructure, specifically through broadband planning.
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Impact
July, 2024
Kennebec Valley Council of Governments, as an advocate and agent for local and regional planning and economic growth, plays a significant role in supporting and enhancing the capabilities of local, municipal, and county government development in the Fairfield, ME area. By providing economic and community development services such as investments in municipal infrastructure, workforce development, shared services, training, and business retention, expansion, and attraction, KVCOG has made a direct impact on the economic prosperity and overall well-being of the communities it serves.
Some of the towns that have benefited from KVCOG's economic development assistance include Benton, China, Chelsea, Gardiner, Madison, Vassalboro, Waterville, Winslow, and Winthrop. Additionally, KVCOG has provided services related to investments in municipal infrastructure through broadband planning to towns like Anson, Bingham, Rome, Skowhegan, Starks, and St. Albans. Through its dedicated efforts in promoting community improvement and fostering economic growth, KVCOG continues to positively influence the development and sustainability of the region.
This information is meant to be a general summary of Kennebec Valley Council Of Governments. 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 2022.
- Investment Income: $4,163
- Program Service Revenue: $168,293
- Gross Receipts: $1,583,667
Assets and Liabilities:
- Total Assets: $4,421,362
- Total Liabilities: $1,075,654
- Net Assets: $3,345,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Municipal Contracts
Revenue
$81,724
Loan Interest
Revenue
$50,169
Recapture of Loan Loss
Revenue
$36,400
Organization Details
Founding Year
1994
Phone
(207) 453-4258Principal Officer
Matthew Underwood
Main Address
17 Main Street, Fairfield, ME, 04937
Website
www.kvcog.orgNTEE Category
Code: S30Z - Community improvement
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