Bangor Center Management Corp
- Assets
- $32.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 04/1989
- Data as of
- 06/2022
- EIN
- 01-0433385
Organization Overview
Bangor Center Management Corp is located in Bangor, ME. The organization was established in 1989. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, 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. Bangor Center Management Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Bangor Center Management Corp generated $117.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $101.3k during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3
BANGOR CENTER CORPORATION HOLDS EVENTS SUCH AS THE HOLIDAY CELEBRATIONS, CULTURAL FESTIVALS, OUTDOOR MARKETS AND SUMMERTIME CONCERT SERIES. THE ORGANIZATION ALSO PROVIDES LAW ENFORCEMENT AND BEAUTIFICATION ACTIVITIES, AND DISTRIBUTES VARIOUS MARKETING MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Lundy Executive Dir. | 40 | $35,634 | |
Greg Edwards Director | 5 | $0 | |
Summer Allen Director | 5 | $0 | |
Jessamine Pottle Vice President | 5 | $0 | |
Abe Furth Director | 5 | $0 | |
Robbie Beaton Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,140 |
| Total Program Service Revenue | $80,053 |
| Membership dues | $0 |
| Investment income | $37 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $550 |
| Total Revenue | $117,780 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,929 |
| Professional fees and other payments to independent contractors | $3,858 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $62 |
| Other expenses | $58,465 |
| Total expenses | $101,314 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,298 |
| Other assets | $0 |
| Total assets | $32,938 |
| Total liabilities | $16,568 |
| Net assets or fund balances | $16,370 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bangor Center Management Corp has recieved totaling $12,577.
| Awarding Organization | Amount |
|---|---|
Ocean State Job Lot Charitable Foundation North Kingstown, RI PURPOSE: PROGRAM OPERATION | $12,577 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fidelity Non-Profit Management Foundation Boston, MA | $2,237,901,889 | $256,876,248 |
The Bridgespan Group Inc Boston, MA | $174,186,501 | $94,948,133 |
Eastern Maine Development Corporation Bangor, ME | $11,518,769 | $64,676,194 |
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
International Association Of Privacy Professionals Portsmouth, NH | $95,531,598 | $42,238,853 |
Community Crossroads Inc Atkinson, NH | $8,920,461 | $38,376,189 |
Community Concepts Incorporated Lewiston, ME | $17,184,569 | $32,664,997 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |
Citizens For Citizens Inc Fall River, MA | $12,279,316 | $29,399,731 |
New Profit Inc Boston, MA | $113,525,114 | $77,118,974 |
Northern Maine Development Commission Inc Caribou, ME | $20,810,299 | $32,269,814 |
Champlain Valley Office Of Economic Opportunity Inc Burlington, VT | $10,365,221 | $26,250,415 |