THE KENNEDY COLLECTIVE INC

EIN: 060709295 501(c)(3)

TRUMBULL, CT

Total Revenue
$32,434,281
Total Expenses
$33,291,706
Total Assets
$18,792,906
Net Assets
$6,761,791
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
CT
Principal Officer
RICHARD E SEBASTIAN JR
Phone
2033658522
Tax Period
2024-07-01 to 2025-06-30

THE KENNEDY COLLECTIVE INC, founded in 1951, is a mid-sized nonprofit that reported $32.4M in total revenue in fiscal year 2024.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,167,677
Program Service Revenue $6,875,015
Investment Income $1,396,715
Other Revenue $-5,126
TOTAL REVENUE $32,434,281

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,695,470
Fundraising Expenses $228,799
Program Expenses $26,724,668
Other Expenses $8,596,236
TOTAL EXPENSES $33,291,706

Year-over-Year Comparison

2024 2023 Change
Revenue $32,434,281 $32,145,467 +0.0%
Expenses $33,291,706 $33,594,273 0.0%
Net Income $-857,425 $-1,448,806 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
543
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$1,059,247
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD E SEBASTIAN JR PRESIDENT AND CEO 37.50
Officer
$338,547 $39,035 $377,582
STUART GORDON CFO UNTIL 12/24 37.50
Officer
$356,305 $33,883 $390,188
MARIA GIAIMO CHIEF FINANCIAL OFFICER 37.50
Officer
$27,652 $2,794 $30,446
VALERIE REYHER CHIEF OPERATING OFFICER 37.50
Officer
$231,366 $29,665 $261,031
TERESA DOWNS VP OF DEVELOPMENT & MARKETING 37.50
Highest
$189,462 $28,249 $217,711
DONALD SEIPEL VP BEHAVIOR SERVICES 37.50
Highest
$171,325 $23,785 $195,110
MELISSA CASCIO DIRECTOR, HUMAN RESOURCES 37.50
Highest
$126,882 $0 $126,882
TAMMY CLOSE VP OF ADULT SERVICES UNTIL 3/25 37.50
Highest
$152,759 $10,690 $163,449
BRENDA LAJOGA ASSISTANT CONTROLLER 37.50
Highest
$129,488 $16,119 $145,607
BENJAMIN M STRONG CHAIR 2.00
Officer Director
$0 $0 $0
STEPHEN A SMITH BOARD MEMBER 2.00
Officer Director
$0 $0 $0
PAUL HORTON TREASURER 2.00
Officer Director
$0 $0 $0
TIADORA JOSEF SECRETARY 2.00
Officer Director
$0 $0 $0
ANNIE L'ALTRELLA BOARD MEMBER 1.00
Director
$0 $0 $0
COREY ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
BENJAMIN BROWNING VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT CHESSIN BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH DENNIN PHD BOARD MEMBER 1.00
Director
$0 $0 $0
KIRA HOWELL BOARD MEMBER 1.00
Director
$0 $0 $0
ANTONIO SCOFIELD BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM STEVKO BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $32,434,281 $33,291,706 $18,792,906 $-857,425
2024 $32,145,467 $33,594,273 $19,852,074 $-1,448,806
2023 $30,591,932 $33,037,551 $21,321,067 $-2,445,619
2022 $35,773,983 $33,169,858 $22,671,758 $2,604,125
2021 $30,412,539 $29,079,046 $26,766,280 $1,333,493
2020 $33,653,236 $33,999,637 $24,474,529 $-346,401
2019 $31,395,937 $32,796,705 $19,808,700 $-1,400,768
2018 $30,310,139 $30,433,786 $21,031,934 $-123,647
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