Mayo Street Arts
- Assets
- $727.9k
- Revenue
- $498.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Portland, ME
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 27-1461543
Organization Overview
Mayo Street Arts is located in Portland, ME. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Mayo Street Arts employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayo Street Arts 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 12/2021, Mayo Street Arts generated $498.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $303.6k during the year ending 12/2021. While expenses have increased by 11.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A NONPROFIT COMMUNITY CENTER AND VENUE FOR MUSIC, ART, AND THEATER. THE CENTER PROVIDES ONGOING CLASSES, WORKSHOPS, AND EVENTS FOR A DIVERSE IMMIGRANT POPULATION OF UNDERSERVED YOUTHS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A CENTER FOR ONGOING CLASSES, WORKSHOPS, AND EVENTS FOR A DIVERSE IMMIGRANT POPULATION OF UNDERSERVED YOUTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Bannon Executive Director | OfficerTrustee | 35 | $51,744 |
Veeva Banga Community Liason- Director | OfficerTrustee | 0 | $0 |
Troy Moon Chair - Director | OfficerTrustee | 0 | $0 |
Will Pratt Treasurer - Director | OfficerTrustee | 0 | $0 |
Dorothea Ivey Vice Chair - Director | OfficerTrustee | 0 | $0 |
Elizabeth Whitman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $260,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $408,586 |
| Total Program Service Revenue | $86,659 |
| Investment income | $84 |
| 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 | $498,911 |
| 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. | $51,744 |
| Compensation of current officers, directors, key employees. | $17,248 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,460 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,764 |
| Payroll taxes | $12,548 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $1,329 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,634 |
| Travel | $2,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,692 |
| Insurance | $3,531 |
| All other expenses | $79,346 |
| Total functional expenses | $303,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,267 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $47,482 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $250 |
| Net Land, buildings, and equipment | $388,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $727,891 |
| Accounts payable and accrued expenses | $570 |
| 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 | $34,846 |
| Total liabilities | $35,416 |
| Net assets without donor restrictions | $563,772 |
| Net assets with donor restrictions | $128,703 |
| 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 | $727,891 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Mayo Street Arts has recieved totaling $103,113.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $23,850 |
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $20,500 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $15,213 |
Sam L Cohen Foundation Portland, ME PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Horizon Foundation Inc Portland, ME PURPOSE: GENERAL SUPPORT | $10,000 |
Edward H Daveis Benevolent Fund Ellsworth, ME PURPOSE: Performing Arts | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Catholic Charities Inc Manchester, NH | $140,545,315 | $96,098,300 |
The Opportunity Alliance South Portland, ME | $26,061,913 | $84,718,963 |
Penquis C A P Inc Bangor, ME | $38,967,615 | $60,528,357 |
Community Action Program Belknap & Merrimack Counties Inc Concord, NH | $13,081,335 | $43,283,224 |
Kennebec Valley Community Action Program Waterville, ME | $19,316,065 | $41,018,551 |
Tri-County Community Action Program Incorporated Berlin, NH | $12,062,842 | $36,885,101 |
Catholic Charities Maine Portland, ME | $14,668,841 | $26,102,567 |
Community Action Partnership Of Strafford County Dover, NH | $10,446,959 | $24,026,837 |
York County Community Action Corp Sanford, ME | $10,127,224 | $19,950,133 |
Waypoint Manchester, NH | $32,573,224 | $19,134,809 |
Waldo Community Action Partners Belfast, ME | $14,143,025 | $19,879,626 |
Western Maine Community Action Inc East Wilton, ME | $2,655,425 | $7,908,915 |