Overview
What is Kmha Foundation Inc?
Kmha Foundation Inc is a nonprofit organization based in Waterville, Maine, with the address 67 Eustis Parkway. The foundation's primary purpose is to manage and allocate funds for the delivery of high-quality behavioral health and related services. This is achieved by overseeing the granting of funds to Kennebec Valley Mental Health Center, also known as Kennebec Behavioral Health. The foundation's mission is to enhance the quality of life for those seeking behavioral health support by ensuring the effective allocation of donated funds.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
The Kmha Foundation Inc has achieved a strong 94% rating from Charity Navigator, indicating a high level of accountability and financial management. This score reflects the organization's commitment to transparency and responsible stewardship of resources, as evidenced by its perfect scores in several key areas, including an independent board and comprehensive policies for auditing and conflict of interest.
Strengths of the Kmha Foundation include a fully independent board, which enhances its governance quality, and a high program expense ratio of nearly 89%. This suggests that a significant portion of its funds is directed towards its mission-driven programs, rather than administrative costs. Additionally, the foundation has demonstrated rigorous financial oversight, with no material diversion of assets reported.
While the organization shows exceptional financial practices, continuous monitoring and regular updates to its policies will be essential to maintain its high standards. Overall, Kmha Foundation Inc stands out as a reputable nonprofit focused on accountability and effective program implementation.
This AI summary has been generated from information found on Charity Navigator.
Is Kmha Foundation Inc legitimate?
Kmha Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kmha Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kmha Foundation Inc?
The Kmha Foundation Inc's mission is centered around managing and investing funds for the purpose of delivering high-quality behavioral health and related services. Specifically, they oversee the granting of funds to the Kennebec Valley Mental Health Center, also known as Kennebec Behavioral Health, to ensure they can provide these essential services. In essence, the foundation's primary objective is to contribute to the betterment of mental health care services, thus improving overall well-being for individuals in need.
Who is the CEO of Kmha Foundation Inc?
Thomas Mcadam Mba is the Medical Dire of Kmha Foundation Inc. The CEO's salary of Kmha Foundation Inc is $0 and their total compensation is $292,313.
What is the revenue of Kmha Foundation Inc?
Kmha Foundation Inc's revenue in 2022 was $519,286.
Who are the executives of Kmha Foundation Inc and what are their salaries?
There 5 volunteers at Kmha Foundation Inc.
Here are 13 key members and their salaries (Kmha Foundation Inc's CEO's salary is $0 and their total compensation is $292,313):
- Compensation: $0
- Related: $284,950
- Other: $38,055
- Compensation: $0
- Related: $271,987
- Other: $28,665
- Compensation: $0
- Related: $227,658
- Other: $64,655
- Compensation: $0
- Related: $265,728
- Other: $14,447
- Compensation: $0
- Related: $222,486
- Other: $30,485
- Compensation: $0
- Related: $208,401
- Other: $31,826
- Compensation: $0
- Related: $179,516
- Other: $23,961
- Compensation: $0
- Related: $150,540
- Other: $25,465
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kmha Foundation Inc?
Kmha Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kmha Foundation Inc
The Kmha Foundation Inc, a charitable organization, is dedicated to managing and investing funds with the primary purpose of overseeing the granting of resources for the delivery of top-tier behavioral health and related services. Specifically, these services are provided by Kennebec Valley Mental Health Center, also known as Kennebec Behavioral Health. The Foundation's mission is to ensure the provision of high-quality behavioral health services, aiming to make a significant impact in the field. The Kmha Foundation Inc's role is crucial in the process, as it manages and appropriates funds in a manner consistent with its exempt purpose.
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Impact
June, 2024
Kmha Foundation Inc's impact lies in its vital role of managing and appropriating funds to support the delivery of high-quality behavioral health and related services through Kennebec Behavioral Health. By overseeing the granting of funds, the foundation plays a crucial role in ensuring that individuals have access to the behavioral health services they need. This support can significantly improve the well-being and quality of life for those seeking assistance with mental health concerns.
This information is meant to be a general summary of Kmha Foundation 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 2022.
- Investment Income: $238,882
- Gross Receipts: $970,303
Assets and Liabilities:
- Total Assets: $6,265,876
- Total Liabilities: $38,642
- Net Assets: $6,227,234
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Organization Details
Founding Year
2002
Phone
(207) 873-2136Principal Officer
Thomas Mcadam Mba
Main Address
67 EUSTIS PARKWAY, WATERVILLE, ME, 04901
NTEE Category
Code: F110 - Mental health
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