M&j Company
- Assets
- $6.1m
- Revenue
- $883.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 01/1984
- Data as of
- 12/2021
- EIN
- 22-2480150
Organization Overview
M&j Company is located in Bangor, ME. The organization was established in 1984. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M&j Company 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, M&j Company generated $883.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $660.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
REAL ESTATE HOLDING COMPANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION OF REVENUE AND THE PAYMENT OF EXPENSES RELATED TO THE MAINTENANCE OF REAL ESTATE PROPERTY HOLDINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Lucy Chair | OfficerTrustee | 0.1 | $0 |
L William Demaso Vice Chair | OfficerTrustee | 0.1 | $0 |
Donna Berry Secretary | Officer | 0.1 | $0 |
Mary Prybylo RN Msn President & Ceo, Ex-Officio | Officer | 0.1 | $0 |
Michael Hendrix Treasurer, VP Finance | Officer | 0.1 | $0 |
Stephen Grubbs Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $883,861 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $883,861 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $32,000 |
| Fees for services: Legal | $0 |
| 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 | $40,402 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $252,753 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,275 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $328,177 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $660,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,230,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,699 |
| Prepaid expenses and deferred charges | $31,466 |
| Net Land, buildings, and equipment | $3,800,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,064,291 |
| Accounts payable and accrued expenses | $64,544 |
| 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 | $204,234 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $115 |
| Total liabilities | $268,893 |
| Net assets without donor restrictions | $5,795,398 |
| Net assets with donor restrictions | $0 |
| 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 | $6,064,291 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portland Ovations Portland, ME | $2,819,277 | $2,954,618 |
Winnipesaukee Playhouse Meredith, NH | $4,588,374 | $1,260,967 |
Opera House Arts Stonington, ME | $2,484,317 | $996,461 |
M&j Company Bangor, ME | $6,064,291 | $883,861 |
Maine & Company Portland, ME | $464,139 | $628,199 |
Palaver Strings Incorporated Portland, ME | $70,592 | $548,970 |
Speak About It Portland, ME | $16,113 | $268,457 |
One Longfellow Square Inc Portland, ME | $589,311 | $748,592 |
City Theater Associates Inc 205 Main St Biddeford, ME | $352,461 | $316,671 |
Classical Uprising Brunswick, ME | $24,521 | $0 |
M & D Productions North Conway, NH | $58,960 | $80,615 |
Revels North Inc Lebanon, NH | $55,050 | $69,595 |