The Kennedy Collective INC

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The Kennedy Collective, INC. Provides support services and business enterprises that empower and employ people with disabilities. The Kennedy Collective offers innovative and comprehensive in-home, day and residential programing and provides job opportunities through our business enterprises, community services and workforce development and placement programs.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-0709295) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 12 volunteers and 543 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

What it does

3 programs · $26.7M · in their own filed words · FY2025
01

Day Services

Supporting of persons with disabilities in accessing their community, developing life skills, employment options and self advocacy outcomes.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-0709295) · Dispute this line
$13.0Mprogram expense
02

Residential Services

Housing for persons with intellectual disabilities through community living arrangements.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-0709295) · Dispute this line
$11.8Mprogram expense
03

Food services, cafeteria, supportive employment, maintenance, landscaping, etc (enterprises) community employment services promoting career growth and job independence for persons with disabilities to succeed in the competitive job market.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-0709295) · Dispute this line
$1.9Mprogram expense

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $193K a year · 0.6% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
<0.1 mo
of spending, in cash
Plus $5.3M in investments, Pt X · Ln 11–13
<0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$12.0M
64% of total assets
Liabilities are 64% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Total revenue
$32.4M
+0.9% vs prior year
Total expenses
$33.3M
To programs
80%
Net assets
$6.8M
By yearFY2020–FY2025
Revenue
$32.4M
FY2025▲ +0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$33.7M
FY2021$30.4M
FY2022$35.8M
FY2023$30.6M
FY2024$32.1M
FY2025$32.4M
Expenses
$33.3M
FY2025▼ -0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$34.0M
FY2021$29.1M
FY2022$33.2M
FY2023$33.0M
FY2024$33.6M
FY2025$33.3M
Net assets
$6.8M
FY2025▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.0M
FY2021$9.8M
FY2022$11.0M
FY2023$8.9M
FY2024$7.7M
FY2025$6.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1952.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $26.7M Management & general 19% · $6.3M Fundraising 1% · $229K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $1.7M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
CFO Until 12/24
$356,305Pt VII · Sec A
President and CEO
$338,547Pt VII · Sec A
Chief Operating Officer
$231,366Pt VII · Sec A
VP of Development & Marketing
$189,462Pt VII · Sec A
VP Behavior Services
$171,325Pt VII · Sec A
VP of Adult Services Until 3/25
$152,759Pt VII · Sec A
Assistant Controller
$129,488Pt VII · Sec A
Director, Human Resources
$126,882Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Richard E Sebastian JR$338,547$360,380$381,579$381,579$352,405$352,405
Stuart Gordon$356,305$287,082$306,297$306,297$233,278$233,278
Valerie Reyher$231,366$204,771$210,459$210,459$144,409$144,409
Teresa Downs$189,462$190,483$211,401$211,401——
Corrine Andrade——$182,853$182,853——
Donald Seipel$171,325$142,269————
Mary Decarlo—$160,968$153,748$153,748$149,133$149,133
Tammy Close$152,759$127,905————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Updates and questions

Empowers and employs people with disabilities through support services and business enterprises.

Our summary of the filed mission and programs (Form 990 Part III, line 4), not the words of the organization.

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · from the funders’ 2025 returns

Dated by each funder’s own filing year, which may not match this organization’s fiscal year.

Total grants receivedfrom 1 funder$500

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs · USAspending
Year ending Jun 2025 · $784K federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Connecticut Department of Transportation and 3 more$580K
Rehabilitation Services Vocational Rehabilitation Grants to StatesDepartment of Education · ALN 84.126 · Through Department of Social Services$101K
Enhanced Mobility of Seniors and Individuals with DisabilitiesDepartment of Transportation · ALN 20.513 · Through Connecticut Department of Transportation$73K
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Department of Mental Health and Addiction Services$27K
New Freedom ProgramDepartment of Transportation · ALN 20.521 · Through Connecticut Department of Transportation$3K

The auditor reported 12 findings: a material weakness in money controls, questioned costs.

Year ending Jun 2020 · $952K federal money spent
Coronavirus Relief FundDepartment of the Treasury · ALN 21.019 · Through Connecticut Department of Developmental Services and 1 more$615K
New Freedom ProgramDepartment of Transportation · ALN 20.521 · Through Connecticut Department of Transportation$237K
Rehabilitation Services_vocational Rehabilitation Grants to StatesDepartment of Education · ALN 84.126 · Through Connecticut Department of Transportation$53K
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Connecticut Department of Mental Health and Addiction Services$26K
Special Education-Grants for Infants and FamiliesDepartment of Education · ALN 84.181 · Through Connecticut Department of Transportation$19K

Plus 1 smaller program.

The auditor reported no findings.

Grants and contracts made straight to it, by federal fiscal year (Oct to Sep), the last 5 years with money and the top agencies. Money that came through a state or another group is not counted here. Last pulled from USAspending Nov 1, 2026.

Estimate: about 2% of its revenue in 2025 came from these federal awards ($809K of $32.4M). The federal year and the group's own year do not line up, and one award can pay out over several years.

Federal fiscal year 2026 · $859K · contracts $859K
Department of Housing and Urban Development$859K
Federal fiscal year 2025 · $809K · contracts $809K
Department of Housing and Urban Development$774K
Department of Defense$35K
Federal fiscal year 2024 · $57K · contracts $57K
Department of Defense$57K
Federal fiscal year 2023 · $58K · contracts $58K
Department of Defense$58K
Federal fiscal year 2020 · $3.6M · contracts $3.6M
Department of Justice$2.6M
Department of Commerce$679K
Department of Homeland Security$256K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$32.4M
Ln 12
Gifts and grantsLn 1h$24.2M
Fees for servicesLn 2g$6.9M
Other incomeLn 4–11$1.2M
Money outPt IX
$33.3M
Ln 25
Programscol B$26.7M
Managementcol C$6.3M
Fundraisingcol D$229K
Owns and owesPt X
$6.8M
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$18.8M
LiabilitiesLn 26$12.0M
PeoplePt VI, VII
21
listed · VII A
PaidVII A9
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24.2M
Government grantsLn 1e$23.7M
Fees for servicesLn 2g$6.9M
Investment incomeLn 3$227K
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$1.2M
Total revenueLn 12$32.4M
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$17K
Cash and savings togetherLn 1–2$44K
Pledges and grants receivableLn 3$2.1M
Accounts receivableLn 4$638K
Inventories for sale or useLn 8$80K
Prepaid expenses and deferred chargesLn 9$551K
Land, buildings, equipmentLn 10c$8.4M
InvestmentsLn 11–13$5.3M
Other assetsLn 15$1.7M
Total assetsLn 16$18.8M
LiabilitiesLn 26$12.0M
Net assetsLn 32$6.8M
OperationsPt I, VI
EmployeesI 5543
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$22K
Share of the $3.2M endowmentSch D 1g0.69%
Typical, median of 2,380 orgs0.45%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$3.2M$4.7M$6.3M$6.4M$7.1M
AddedLn 1b$500$2K$247K$1K
SpentLn 1d–1f$2.1M$2.2M$651K$23K$23K

What an endowment is and how boards run one

4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$207K$44K
InvestmentsLn 11–13$5.7M$5.3M
Land, buildings, equipmentLn 10c$7.7M$8.4M
Total assetsLn 16$19.9M$18.8M
LiabilitiesLn 26$12.1M$12.0M
Net assetsLn 32$7.7M$6.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$1.2M$33K$1.2M
Other salaries and wagesLn 7$18.6M$17.0M$1.4M$161K
Pension plan contributionsLn 8$473K$407K$62K$4K
Other employee benefitsLn 9$2.8M$2.4M$364K$22K
Payroll taxesLn 10$1.7M$1.4M$217K$13K
Legal feesLn 11b$113K$113K
Accounting feesLn 11c$59K$59K
Lobbying feesLn 11d$49K$49K
Investment management feesLn 11f$22K$22K
Other fees for servicesLn 11g$2.1M$1.1M$1.0M$14K
Office expensesLn 13$610K$346K$260K$4K
Information technologyLn 14$152K$152K
OccupancyLn 16$816K$705K$110K$821
TravelLn 17$1.0M$896K$145K$1K
Conferences, conventions and meetingsLn 19$451K$347K$98K$5K
InterestLn 20$379K$108K$271K
Depreciation, depletion and amortizationLn 22$515K$21K$493K
InsuranceLn 23$285K$167K$118K$874
Other expenses (24a–d)Ln 24$1.6M$1.4M$194K$988
All other expensesLn 24e$338K$224K$113K$821
Total functional expensesLn 25$33.3M$26.7M$6.3M$229K

Part VII lists each person's pay for the calendar year, including pay from related organizations and from people who have left; Part IX, line 5 is this organization's own cost for its current officers and key staff over its fiscal year.

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Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 15, 2026 $32.4M$33.3M−$857K$6.8M 990 PDF
FY2024Filed with the IRS May 9, 2025 $32.1M$33.6M−$1.4M$7.7M 990 PDF
FY2023Filed with the IRS May 13, 2024 $30.6M$33.0M−$2.4M$8.9M 990 PDF
FY2022Filed with the IRS May 4, 2023 $35.8M$33.2M$2.6M$11.0M 990 PDF
FY2021Filed with the IRS May 2, 2022 $30.4M$29.1M$1.3M$9.8M 990 PDF
FY2020Filed with the IRS May 10, 2021 $33.7M$34.0M−$346K$7.0M 990 PDF

Schedules filed Part IV

A · Public support B · Donors C · Political and lobbying D · Assets and endowments J · Pay O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $32,434,281 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,920,597$24,167,677
I-9 Program service revenuePrior year $5,414,583$6,875,015
I-10 Investment incomePrior year $631,275$1,396,715
I-11 Other revenuePrior year $179,012−$5,126
I-12 Total revenuePrior year $32,145,467$32,434,281
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $25,908,903$24,695,470
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,685,370$8,596,236
I-18 Total expensesPrior year $33,594,273$33,291,706
I-19 Revenue less expensesPrior year −$1,448,806−$857,425
Part III · Program service accomplishments 3 programs, $26,724,668 spent
III-4a Day services - supporting of persons with disabilities in accessing their community, developing life skills, employment options and self advocacy outcomes.$12,990,362
III-4b Residential services - housing for persons with intellectual disabilities through community living arrangements.$11,846,151
III-4c Food services, cafeteria, supportive employment, maintenance, landscaping, etc (enterprises) community employment services promoting career growth and job independence for persons with disabilities to succeed in the competitive job market.$1,888,155
Part IV · Checklist of required schedules 12 of 49 answered Yes, no flags
IV-1 A 501(c)(3) charity (Schedule A)Yes
IV-2 Lists its large donors to the IRS (Schedule B)Yes
IV-3 Took part in a political campaignNo
IV-4 LobbiedYes
IV-5 Owes proxy tax on member duesNo
IV-6 Holds donor advised fundsNo
IV-7 Holds conservation easementsNo
IV-8 Holds art or historical collectionsNo
IV-9 Credit counseling or escrow accountsNo
IV-10 Holds endowment fundsYes
IV-11a Reports land, buildings and equipmentYes
IV-11b Reports investments in other securitiesNo
IV-11c Reports program-related investmentsNo
IV-11d Reports other assetsYes
IV-11e Reports other liabilitiesYes
IV-11f Uncertain tax positions footnoteNo
IV-12a Its own audited financial statementsNo
IV-12b In a group's audited financial statementsYes
IV-13 Runs a schoolNo
IV-14a Has an office, staff or agents outside the USNo
IV-14b Over $10,000 of activity outside the USNo
IV-15 Over $5,000 in grants to groups abroadNo
IV-16 Over $5,000 in aid to people abroadNo
IV-17 Over $15,000 to paid fundraisersNo
IV-18 Over $15,000 from fundraising eventsNo
IV-19 Over $15,000 from gamingNo
IV-20a Runs a hospitalNo
IV-21 Over $5,000 in grants to US groupsNo
IV-22 Over $5,000 in grants to US peopleNo
IV-23 Reports top pay in detail (Schedule J)Yes
IV-24a Over $100,000 in tax-exempt bondsNo
IV-25a Gave an insider an excess benefit this yearNo
IV-25b Found an excess benefit from a past yearNo
IV-26 Loan to or from an officer or insiderNo
IV-27 Grant to an insider or their familyNo
IV-28a Business deal with an officer or directorNo
IV-28b Business deal with an officer's familyNo
IV-28c Business deal with a firm an officer controlsNo
IV-29 Over $25,000 in noncash giftsNo
IV-30 Gifts of art or historical itemsNo
IV-31 Closed down or dissolvedNo
IV-32 Sold or gave away over 25% of its net assetsNo
IV-33 Owns a single-member companyNo
IV-34 Related to other organizations (Schedule R)Yes
IV-35a Controls another organizationYes
IV-35b Dealings with an organization it controlsNo
IV-36 Transfers to a related non-charityNo
IV-37 Activity through a partnershipNo
IV-38 Explains answers in Schedule OYes
Part V · Other IRS filings and tax compliance no flags
V-1a Forms 1099 filed28
V-1b Forms W-2G filed0
V-2a Employees on W-2 forms543
V-2b Filed its payroll tax returnsYes
V-3a Over $1,000 of unrelated business incomeNo
V-4a Holds an account in a foreign countryNo
V-5a Party to a prohibited tax shelterNo
V-5b Knew another party was in a tax shelterNo
V-6a Raised gifts that are not tax deductibleNo
V-7a Gifts where the donor got something backNo
V-7c Sold donated property it had to reportNo
V-7e Took money to pay a donor's insuranceNo
V-7f Paid premiums on a donor's insuranceNo
V-14a Sold indoor tanningNo
V-15 Owes tax on pay over $1 millionNo
V-16 Owes the college endowment taxNo
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing bodySchedule OAdvisory committee this committee is comprised of the immediate past chairman of the board, officers of the board and chairman of standing committees and shall have the power to act for the board of directors on those matters which, in the opinion of the committee, require action prior to the next regular meeting of the board and with respect to such matters, shall have all of the authority of the board. The committee shall meet at the call of the chairman of the board, who shall act as chairman. The committee shall report its doings to the board.12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's paySchedule OThe kennedy collective is committed to maintaining a fair and competitive compensation structure. To ensure equitable and market-aligned salary benchmarks, we consult with delark HR solutions for salary benchmarking of key positions within our organization. In 2020, a comprehensive compensation report was conducted in collaboration with delark HR solutions, analyzing salary data for 37 positions, including middle management and executive roles. The findings of this analysis were presented to the executive committee of the board of directors for review and approval. The kennedy collective cont…Yes
Part VII · Officers, directors and key employees 21 people listed, 9 paid by the organization
VII-1a Stuart GordonCFO Until 12/24$356,305
VII-1a Richard E Sebastian JRPresident and CEO$338,547
VII-1a Valerie ReyherChief Operating Officer$231,366
VII-1a Teresa DownsVP of Development & Marketing$189,462
VII-1a Donald SeipelVP Behavior Services$171,325
VII-1a Tammy CloseVP of Adult Services Until 3/25$152,759
VII-1a Brenda LajogaAssistant Controller$129,488
VII-1a Melissa CascioDirector, Human Resources$126,882
VII-1a Maria GiaimoChief Financial Officer$27,652
VII-1a Adam StevkoBoard Member$0
VII-1a Annie L'AltrellaBoard Member$0
VII-1a Antonio ScofieldBoard Member$0
VII-1a Benjamin BrowningVice Chair$0
VII-1a Benjamin M StrongChair$0
VII-1a Corey AllenBoard Member$0
VII-1a Joseph Dennin PHDBoard Member$0
VII-1a Kira HowellBoard Member$0
VII-1a Paul HortonTreasurer$0
VII-1a Robert ChessinBoard Member$0
VII-1a Stephen A SmithBoard Member$0
VII-1a Tiadora JosefSecretary$0
Part VIII · Statement of revenue $32,434,281 across 8 lines filed
Lines not itemized here account for −$5,070 of total revenue; see the IRS return.
VIII-1e Government grants$23,743,144
VIII-1f All other contributions, gifts and grants$424,533
VIII-1h Total contributions, gifts and grants$24,167,677
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,875,015$6,875,015
VIII-3 Investment incomeExcluded from tax $227,140$227,140
VIII-6 Net rental income or lossExcluded from tax −$56−$56
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,169,575$1,169,575
VIII-12 Total revenueRelated to mission $6,869,945 · Unrelated business $0 · Excluded from tax $1,396,659$32,434,281
Part IX · Statement of functional expenses $33,291,706 across 20 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $32,875 · Management $1,187,254Part VII lists each person's pay for the calendar year, including pay from related organizations and from people who have left; Part IX, line 5 is this organization's own cost for its current officers and key staff over its fiscal year.$1,220,129
IX-7 Other salaries and wagesPrograms $17,008,810 · Management $1,417,395 · Fundraising $161,133$18,587,338
IX-8 Pension plan contributionsPrograms $407,380 · Management $62,264 · Fundraising $3,852$473,496
IX-9 Other employee benefitsPrograms $2,378,354 · Management $363,507 · Fundraising $22,488$2,764,349
IX-10 Payroll taxesPrograms $1,419,741 · Management $216,993 · Fundraising $13,424$1,650,158
IX-11b Legal feesManagement $113,100$113,100
IX-11c Accounting feesManagement $58,897$58,897
IX-11d Lobbying feesManagement $49,000$49,000
IX-11f Investment management feesManagement $22,000$22,000
IX-11g Other fees for servicesPrograms $1,073,757 · Management $1,045,305 · Fundraising $14,368$2,133,430
IX-13 Office expensesPrograms $345,809 · Management $260,401 · Fundraising $3,617$609,827
IX-14 Information technologyPrograms $151,934$151,934
IX-16 OccupancyPrograms $705,430 · Management $109,846 · Fundraising $821$816,097
IX-17 TravelPrograms $895,918 · Management $144,854 · Fundraising $1,120$1,041,892
IX-19 Conferences, conventions and meetingsPrograms $346,889 · Management $98,371 · Fundraising $5,293$450,553
IX-20 InterestPrograms $107,892 · Management $271,237$379,129
IX-22 Depreciation, depletion and amortizationPrograms $21,211 · Management $493,295$514,506
IX-23 InsurancePrograms $166,598 · Management $117,819 · Fundraising $874$285,291
IX-24 Other expenses (24a–d)Programs $1,438,248 · Management $193,545 · Fundraising $988$1,632,781
IX-24e All other expensesPrograms $223,822 · Management $113,156 · Fundraising $821$337,799
IX-25 Total functional expensesPrograms $26,724,668 · Management $6,338,239 · Fundraising $228,799$33,291,706
Part X · Balance sheet $18,792,906 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $156,475$27,463
X-2 Savings and temporary cash investmentsStart of year $50,582$16,543
X-3 Pledges and grants receivableStart of year $2,111,701$2,108,142
X-4 Accounts receivableStart of year $1,580,853$637,623
X-8 Inventories for sale or useStart of year $80,743$79,575
X-9 Prepaid expenses and deferred chargesStart of year $568,592$550,627
X-10c Land, buildings and equipment, netStart of year $7,715,750$8,399,254
X-11 Publicly traded securitiesStart of year $5,723,884$5,256,299
X-15 Other assetsStart of year $1,863,494$1,717,380
X-16 Total assetsStart of year $19,852,074$18,792,906
X-17 Accounts payable and accrued expensesStart of year $3,494,149$2,697,844
X-19 Deferred revenueStart of year $2,844,543$2,970,600
X-23 Secured mortgages and notes payableStart of year $5,611,033$6,239,001
X-25 Other liabilitiesStart of year $184,925$123,670
X-26 Total liabilitiesStart of year $12,134,650$12,031,115
X-27 Net assets without donor restrictionsStart of year $3,193,490$2,211,665
X-28 Net assets with donor restrictionsStart of year $4,523,934$4,550,126
X-32 Total net assets or fund balancesStart of year $7,717,424$6,761,791
X-33 Total liabilities and net assetsStart of year $19,852,074$18,792,906
Part XI · Reconciliation of net assets $6,761,791 net assets at year end
XI-1 Total revenue$32,434,281
XI-2 Total expenses$33,291,706
XI-3 Revenue less expenses−$857,425
XI-4 Net assets at start of year$7,717,424
XI-5 Net unrealized gains (losses) on investments−$98,208
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,761,791
Schedule O · Explanations 6 explanations
O-1 Part VI, line 1aAdvisory committee this committee is comprised of the immediate past chairman of the board, officers of the board and chairman of standing committees and shall have the power to act for the board of directors on those matters which, in the opinion of the committee, require action prior to the next regular meeting of the board and with respect to such matters, shall have all of the authority of the board. The committee shall meet at the call of the chairman of the board, who shall act as chairman. The committee shall report its doings to the board.
O-2 Part VI, line 6Membership in the association shall be open to anyone interested in the welfare of persons with mental retardation and/or other disabilities whose activities have not been contrary to or inconsistant with the goals, aims and purposes of this association. The annual giving campaign will begin no later than january 31st of each year. The active members shall be those who contribute to the annual giving campaign of this association.
O-3 Part VI, line 11bA detailed review of the return is conducted by the audit committee, the CEO and the CFO. The return is then provided to all board members prior to filing.
O-4 Part VI, line 12cBoard members are required to fill out conflict of interest books annually and are reviewed and monitored yearly at a board meeting. Any board members having a duality of interest of possible conflict of interest on any matter shall not vote or use his/her personal influence on the matter and shall not be counted in quorum for meeting.
O-5 Part VI, line 15The kennedy collective is committed to maintaining a fair and competitive compensation structure. To ensure equitable and market-aligned salary benchmarks, we consult with delark HR solutions for salary benchmarking of key positions within our organization. In 2020, a comprehensive compensation report was conducted in collaboration with delark HR solutions, analyzing salary data for 37 positions, including middle management and executive roles. The findings of this analysis were presented to the executive committee of the board of directors for review and approval. The kennedy collective continues to work with delark HR solutions on an ongoing basis, consulting as needed when new positions are introduced to maintain consistency and alignment with industry standards. The process described here was last completed in 2020.
O-6 Part VI, line 19Upon request and in annual report

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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