Mark Eight Inc
- Assets
- $362.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 03/2000
- Data as of
- 06/2023
- EIN
- 31-1695823
Organization Overview
Mark Eight Inc is located in Newburyport, MA. The organization was established in 2000. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mark Eight 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 06/2023, Mark Eight Inc generated $47.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $53.6k during the year ending 06/2023. 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
THE ORGANIZATION OWNS AND OPERATES A GROUP HOME FOR DISABLED INDIVIDUALS AND RECEIVES RENT FROM THEM AND RENTAL ASSISTANCE FROM HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bailey Chairperson | 1 | $0 | |
Scott Eaton Director | 1 | $0 | |
Hillary Perron Director | 1 | $0 | |
Alan Klein President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,431 |
| Total Program Service Revenue | $11,903 |
| Membership dues | $0 |
| Investment income | $31 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,365 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,550 |
| Professional fees and other payments to independent contractors | $6,185 |
| Occupancy, rent, utilities, and maintenance | $22,999 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,818 |
| Total expenses | $53,552 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,135 |
| Other assets | $0 |
| Total assets | $361,977 |
| Total liabilities | $542,599 |
| Net assets or fund balances | -$180,622 |