2012-08-15T08:11:21-05:00 2011-09-30 KEIRSTEAD & FOX PA 2 CHURCH STREET WESTBROOK ME 04092 990 2010-10-01 010482767 PEAKS ISLAND CHILDREN'S WORKSHOP PO BOX 80 PEAK 2077662854 71 HERMAN AVENUE PEAKS ISLAND ME 041080080 KAREN PETERSON 2077662854 2012-08-14 1 SALLY-ALANE FOX 2078541811 2012-08-14 2010 2016-02-24 21:20:13Z GAIL KELLEY 71 HERMAN AVENUE PEAKS ISLAND ME 041080080 232827 0 X WWW.PICW.ORG X 2000 ME TO PROVIDE CHILD CARE SERVICES FOR FAMILIES TO ENABLE PARENTS TO WORK, ATTEND SCHOOL OR JOB TRAINING. 9 9 12 25 0 0 168017 132104 97684 95751 66 62 0 0 265767 227917 0 0 0 0 190003 188507 0 0 6061 88792 74879 278795 263386 -13028 -35469 311168 263146 41491 28938 269677 234208 PEAKS ISLAND CHILDREN'S WORKSHOP NURTURS THE GROWTH AND DEVELOPMENT OF HAPPY, HEALTHY CHILDREN IN A CREATIVE LEARNING ENVIRONMENT, WITHIN OUR FAMILIES AND WITHIN OUR COMMUNITY. 0 0 206808 95751 CHILDCARE ENABLING PARENTS TO SEEK & MAINTAIN EMPLOYMENT AND TRAINING; MAINTAIN COLLABORATIVE EFFORTS W/ISLAND AND MAINLAND FAMILY RESOURCES 206808 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 12 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 ME X TREASURER 2077662854 PEAKS ISLAND CHILDRENS WORKSHOP 71 PEAKS ISLAND ME 041080080 GAIL KELLEY 10.00 X X 0 0 0 KAREN PETERSON 10.00 X X 0 0 0 CHRISTINA FOSTER 7.50 X X 0 0 0 BETH CHILDS 3.00 X 0 0 0 KIRK GOODHUE 3.00 X 0 0 0 BETSY STOUT 3.00 X 0 0 0 PAULA COWARD 3.00 X 0 0 0 STEVE WARD 3.00 X 0 0 0 ANTONIA WINTER 3.00 X 0 0 0 LORI FREID-MOSES 24.00 X 26898 0 0 DIANE EACRET 3.00 X 0 0 0 SUE CARLSON 2.00 X 0 0 0 AL BLEAU 2.00 X 0 0 0 26898 0 0 0 0 0 0 0 40509 3431 578 87586 132104 CLIENT FEES 624410 95751 95751 95751 62 62 4910 3431 4910 0 227917 95751 0 62 33214 11624 16607 4983 120958 103247 17711 21271 20597 593 81 13064 9861 2819 384 3104 3104 4200 4200 668 668 3375 3375 5813 3631 1914 268 13429 11908 1176 345 12884 12589 295 DIRECT PROGRAM EXPENSE 19241 19241 0 0 MISCELLANEOUS 6894 2497 4397 0 INSURANCE 3514 3338 176 0 CONSULTING FEES 1260 203 1057 0 BAD DEBTS 497 497 0 0 263386 206808 50517 6061 15192 7438 83009 48453 622 3280 2796 3146 392491 191662 206259 200829 3290 0 311168 263146 17180 15046 24311 13892 41491 28938 X 269677 234208 269677 234208 311168 263146 -35469 0 X X 0 1 1 X 0 X 74556 147563 136156 168017 137014 663306 74556 147563 136156 168017 137014 663306 663306 272 308 71 66 62 779 664085 421286 0.99880 0.99870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47528 47528 300906 153525 147381 44057 38137 5920 200829 227917 263386 -35469 0 -35469 232827 4910 4910 227917 0 227917 268296 4910 4910 263386 0 263386 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: PEAKS ISLAND CHILDREN'S WORKSHOP HAS IDENTIFIED NO UNCERTAIN TAX POSITIONS UNDER FIN 48. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 4910. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 4910. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT ASSISTS THE AUDITING FIRM WITH PREPARATION OF THE AUDITED FINANCIAL STATEMENTS AND IRS FORM 990. THE BOARD OF DIRECTORS CHARGES THE PRESIDENT, TREASURER, AND EXECUTIVE DIRECTOR WITH THE RESPONSIBILITIES TO REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS PRIOR TO THEIR RELEASE, AS WELL AS THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. THEY REVIEW DRAFTS OF BOTH THE FINANCIAL STATEMENTS AND FORM 990 FOR COMPLETENESS, ACCURACY, AND APPROPRIATE DISCLOSURES OF THE AGENCY'S PROGRAMS,POLICIES AND PROCEDURES TO ENSURE THAT THEY ARE THOROUGH AND UP TO DATE. ANY QUESTIONS OR CONCERNS ARE RESOLVED WITH THE AUDITORS AS NEEDED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS DOES NOT HAVE A FORMAL CYCLE FOR REVIEW/DISCLOSURE OF POSSIBLE DIRECTOR CONFLICTS OF INTEREST BECAUSE THE BOARD IS COMPOSED OF INDIVIDUALS WHO LIVE, AND IN SOME CASES WORK, ON PEAKS ISLAND, WHICH IS A SMALL, CLOSE-KNIT COMMUNITY WHERE RESIDENTS ARE GENERALLY WELL KNOWN TO EACH OTHER. DIRECTORS ARE ADVISED WHEN THEY BEGIN THEIR BOARD SERVICE THAT THEY MUST DISCLOSE TO THE BOARD PRESIDENT CIRCUMSTANCES WITH ANY POTENTIAL TO CREATE CONFLICTS OF INTEREST AS SOON AS THEY OCCUR. IF THE CONFLICT OF INTEREST RELATES TO A SPECIFIC MATTER WHEREBY RECUSAL FROM DELIBERATIONS AND VOTES ON THAT MATTER WILL SATISFACTORILY MITIGATE THE CONFLICT, THE DIRECTOR MUST RECUSE HIMSELF. ALL OTHER CONFLICTS ARE REVIEWED AND RESOLVED BY THE BOARD AND THEIR DECISION IS FINAL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS ESTABLISHES AND REVIEWS THE COMPENSATION RATES FOR ALL AGENCY POSITIONS AS A PART OF ITS ANNUAL BUDGET PROCESS. LOCAL ORGANIZATIONS PROVIDING CHILD CARE SERVICES ARE INFORMALLY CANVASSED TO DETERMINE THE CURRENT MARKET SALARIES FOR SIMILAR POSITIONS. AS WELL, SOME BOARD MEMBERS AND THE AGENCY EXECUTIVE DIRECTOR HAVE SIGNIFICANT KNOWLEDGE OF THE FIELD AND COMPENSATION LEVELS IN SOUTHERN MAINE AND CAN PROVIDE ADDITIONAL INSIGHT. FORM 990, PART VI, SECTION C, LINE 18 PEAKS ISLAND CHILDREN'S WORKSHOP MAKES AVAILABLE, UPON REQUEST, ITS FORM 990 AND ALL OTHER INFORMATION AND DOCUMENTS REQUIRED BY FEDERAL AND STATE LAWS TO BE AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION C, LINE 19 PEAKS ISLAND CHILDREN'S WORKSHOP DOES NOT HAVE A FORMAL POLICY REGARDING PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS. REQUESTS FOR THIS INFORMATION IS ADDRESSED BY THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS ON A CASE BY CASE BASIS. THE PRESIDENT, TREASURER, AND EXECUTIVE DIRECTOR OF PEAKS ISLAND CHILDREN'S WORKSHOP OVERSEE THE AUDIT PROCESS AND RESULTS, AS DESCRIBED IN AT FORM 990, PART VI, SECTION B, LINE 11. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.