Mid Coast Geriatric Services Corp is located in Brunswick, ME. The organization was established in 1996. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid Coast Geriatric Services Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Mid Coast Geriatric Services Corp generated $12.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $13.5m during the year ending 09/2023. While expenses have increased by 4.1% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE SUPPORTIVE AND REHABILITATIVE HEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUUM OF SERVICES TO PROMOTE INDEPENDENCE, HEALTH, AND WELLNESS TOSENIOR CITIZENS OF THE MID COAST REGION IN MAINE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Doug Sawyer MD Chief Academic Officer, Mh | Trustee | 1 | $0 |
Lois N Skillings Former President | OfficerTrustee | 1 | $0 |
Melissa Streeter MD Medical Staff President, Mch | Trustee | 1 | $0 |
Catherine Fredricks Rehagen DO Medical Staff Vice President, Mch | Trustee | 1 | $0 |
Kelly Elkins Chief Operating Officer, Mh | Trustee | 1 | $0 |
Pamela Bowerman Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Corr Health Services Llc Medical Staffing Services | 9/29/20 | $296,348 |
Langford & Low Inc Construction Services | 9/29/20 | $1,788,391 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $671,470 |
All other contributions, gifts, grants, and similar amounts not included above | $141,994 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $813,464 |
Total Program Service Revenue | $11,430,016 |
Investment income | $78,386 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $70,000 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $12,391,866 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,056,909 |
Pension plan accruals and contributions | $138,945 |
Other employee benefits | $962,916 |
Payroll taxes | $451,539 |
Fees for services: Management | $0 |
Fees for services: Legal | $593 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,172,896 |
Advertising and promotion | $23,257 |
Office expenses | $306,989 |
Information technology | $519,858 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,466 |
Interest | $212,169 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $764,798 |
Insurance | $32,047 |
All other expenses | $85,644 |
Total functional expenses | $13,458,326 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $978,904 |
Savings and temporary cash investments | $1,362,221 |
Pledges and grants receivable | $969 |
Accounts receivable, net | $858,071 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $45,624 |
Prepaid expenses and deferred charges | $35,514 |
Net Land, buildings, and equipment | $9,245,791 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,427,607 |
Total assets | $13,954,701 |
Accounts payable and accrued expenses | $1,211,810 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $11,006,894 |
Total liabilities | $12,218,704 |
Net assets without donor restrictions | -$426,575 |
Net assets with donor restrictions | $2,162,572 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $13,954,701 |