Bangor Center Management Corp
- Assets
- $38.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 04/1989
- Data as of
- 06/2023
- 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 06/2023, Bangor Center Management Corp generated $190.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $186.4k during the year ending 06/2023. While expenses have increased by 18.8% per year over the past 3 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
2023
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 | $43,578 | |
Jessamine Pottle Vice President | 5 | $0 | |
Joseph Leonard Council Rep | 5 | $0 | |
Abe Furth Director | 5 | $0 | |
Robbie Beaton Director | 5 | $0 | |
Sandra Klausmeyer Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,407 |
| Total Program Service Revenue | $133,903 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $190,324 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $72,507 |
| Professional fees and other payments to independent contractors | $10,182 |
| Occupancy, rent, utilities, and maintenance | $4,200 |
| Printing, publications, postage, and shipping | $49 |
| Other expenses | $99,499 |
| Total expenses | $186,437 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,555 |
| Other assets | $0 |
| Total assets | $38,045 |
| Total liabilities | $17,788 |
| Net assets or fund balances | $20,257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dbh Management Inc Portland, ME | $1,651,431 | $1,728,765 |
Professional Logging Contractors Of The Northeast Augusta, ME | $1,398,006 | $1,013,925 |
Bangor Center Management Corp Bangor, ME | $38,045 | $0 |
New England Social Security Management Association Nashua, NH | $58,105 | $0 |
Plaistown Area Commerce Exchange Plaistow, NH | $11,693 | $0 |