Msea Building Associates
- Assets
- $229.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 01-0416938
Organization Overview
Msea Building Associates is located in Augusta, ME. The organization was established in 1987. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Msea Building Associates is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Msea Building Associates generated $95.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $81.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
LEASED BUILDINGS LOCATED AT 65 AND 71 STATE STREET IN AUGUSTA, MAINE TO MAINE SERVICE EMPLOYEES ASSOCIATION, SEIU LOCAL 1989, A GOVERNMENT EMPLOYEES- UNION EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(5).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Landry Treasurer | 1 | $0 | |
Maryann Griffin Director | 1 | $0 | |
Robert Ruhlin Director | 1 | $0 | |
Jacob Simmons Director | 1 | $0 | |
Mike Hein Director | 1 | $0 | |
Nickole Wesley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $95,044 |
| Membership dues | $0 |
| Investment income | $31 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,075 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,855 |
| Occupancy, rent, utilities, and maintenance | $68,091 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,685 |
| Total expenses | $81,631 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $109,866 |
| Other assets | $0 |
| Total assets | $229,783 |
| Total liabilities | $754 |
| Net assets or fund balances | $229,029 |
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