Maysville Initiatives Inc
- Assets
- $399.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Maysville, KY
- Founding
- 11/1997
- Data as of
- 06/2024
- EIN
- 31-1545887
Organization Overview
Maysville Initiatives Inc is located in Maysville, KY. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Maysville Initiatives Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maysville Initiatives Inc 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 06/2024, Maysville Initiatives Inc generated $107.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $133.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 9 years. 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
2024
Describe the Organization's Program Activity:
Part 3
CAMP DISCOVERY SUMMER CAMP - CAMP FOR CHILDREN TO LEARN VARIOUS EDUCATIONAL SKILLS, SPORTS SKILLS, ARTS AND CRAFTS, NATURE, ETC. THROUGH HANDS ON EXPERIENCE WHILE ALLOWING PARENTS TO WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cartmell Board Member | 2 | $0 | |
Wanda Paul Board Member | 2 | $0 | |
Terri Srinivasan Board Member | 2 | $0 | |
David Sugarbaker Treasurer | 2 | $0 | |
Andrew Wood Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,910 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,120 |
| Gain or Loss | $2,659 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $49 |
| Total Revenue | $107,738 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $65,782 |
| Professional fees and other payments to independent contractors | $850 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $67,099 |
| Total expenses | $133,731 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $394,111 |
| Other assets | $0 |
| Total assets | $399,811 |
| Total liabilities | $5,582 |
| Net assets or fund balances | $394,229 |