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Nonprofiteer
← KMHA FOUNDATION INC

Form 990 for tax year 2024

Filed by KMHA FOUNDATION INC.

Totals

Total revenue
$634,867
Total expenses
$593,918
Contributions and grants received
$224,930
Grants paid
$542,939
Program service revenue
$0
Investment income
$404,989
Other revenue
$4,948
Total assets, end of year
$10,475,541
Total liabilities, end of year
$6,100,418
Net assets or fund balances, end of year
$4,375,123
Program services expenses (Part IX)
$575,134
Management and general expenses
$18,784
Fundraising expenses
$0
Program service expenses (Part III)
$575,134

Program services were 96.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $2,095

  • 1e · Government grants (contributions)

    $40,252

  • 1f · All other contributions, gifts and grants

    $182,583

  • 1g · Noncash contributions included above

    $2,095

  • 3 · Investment income

    total $364,081 · excluded $364,081

  • 7a · Gross sales of assets other than inventory

    securities $2,235,275 · other assets $55,502

  • 7b · Less cost or other basis and sales expenses

    securities $2,249,869

  • 7c · Gain or loss

    securities -$14,594 · other assets $55,502

  • 7d · Net gain or loss

    total $40,908 · excluded $40,908

  • 8a · Fundraising events: gross income

    $15,760

  • 8a · Fundraising events: contributions included on line 1c

    $2,095

  • 8b · Fundraising events: direct expenses

    $10,812

  • 8c · Net income from fundraising events

    total $4,948 · excluded $4,948

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $536,939 · program services $536,939

  • 2 · Grants to domestic individuals

    total $6,000 · program services $6,000

  • 11a · Fees: management

    total $18,784 · management and general $18,784

  • 11f · Fees: investment management

    total $26,064 · program services $26,064

  • 11g · Fees: other

    total $5,885 · program services $5,885

  • 24a · Other expenses: SUPPLIES

    total $114 · program services $114

  • 24b · Other expenses: OTHER

    total $77 · program services $77

  • 24c · Other expenses: DUES AND FEES

    total $55 · program services $55

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,634,677 · end of year $1,152,944

  • 3 · Pledges and grants receivable

    beginning of year $21,850 · end of year $15,000

  • 7 · Other notes and loans receivable

    beginning of year $881,552 · end of year $1,057,869

  • 8 · Inventories for sale or use

    end of year $300

  • 11 · Investments: publicly traded securities

    beginning of year $7,546,664 · end of year $8,245,211

  • 15 · Other assets

    beginning of year $4,155 · end of year $4,217

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,062 · end of year $3,641

  • 18 · Grants payable

    beginning of year $84,683 · end of year $211,347

  • 19 · Deferred revenue

    end of year $742

  • 25 · Other liabilities

    beginning of year $6,094,703 · end of year $5,884,688

  • 27 · Net assets without donor restrictions

    beginning of year $2,572,955 · end of year $3,324,581

  • 28 · Net assets with donor restrictions

    beginning of year $1,334,495 · end of year $1,050,542

Mission and programs · 2024

Mission

TO HOLD, MANAGE, INVEST AND APPROPRIATE ANY AND ALL FUNDS WHICH HAVE AND WILL BE GIFTED AND TO OVERSEE THE GRANTING OF FUNDS FOR THE DELIVERY OF HIGH QUALITY BEHAVIORAL HEALTH AND OTHER RELATED SERVICES BY KENNEBEC VALLEY MENTAL HEALTH CENTER DBA KENNEBEC BEHAVIORAL HEALTH.

  • MANAGEMENT AND APPROPRIATION OF FUNDS CONSISTENT WITH EXEMPT PURPOSE.

    Expenses $575,134 · Grants $542,939

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas McAdam MBA

    CEO

    Total calculated
    $324,580
    From this org
    $0
    From related orgs
    $251,665
    Other
    $72,915

    Schedule J breakdown matched by us

    Base
    not reported + $214,524 related
    Bonus
    not reported + $24,700 related
    Other
    not reported + $12,441 related
    Deferred
    not reported + $52,340 related
    Nontaxable benefits
    not reported + $20,575 related
    Filer's total
    not reported + $324,580 related

  • Josee Shelley CPA

    CFO

    Total calculated
    $221,375
    From this org
    $0
    From related orgs
    $192,947
    Other
    $28,428

    Schedule J breakdown matched by us

    Base
    not reported + $155,551 related
    Bonus
    not reported + $30,500 related
    Other
    not reported + $6,896 related
    Deferred
    not reported + $9,033 related
    Nontaxable benefits
    not reported + $19,395 related
    Filer's total
    not reported + $221,375 related

  • Marjorie Downing

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Lori Fiandaca

    PRESIDENT/SE

    Total calculated
    $0
    Hours/week
    2

  • Thomas Kenny

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew L'Italien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2026
IRS schema version
2024v5.0
Source object
202621269349300837

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