Gateway Milbridge
- Assets
- $1.1m
- Revenue
- $229.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Milbridge, ME
- Founding
- 03/2017
- Data as of
- 06/2023
- EIN
- 37-1793807
Organization Overview
Gateway Milbridge is located in Milbridge, ME. The organization was established in 2017. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Milbridge 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, Gateway Milbridge generated $229.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $38.7k during the year ending 06/2023. 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
TO ASSIST WITH A DOWNTOWN REVITALIZATION EFFORT FOR MILBRIDGE THROUGH A VARIETY OF COMMUNITY FOCUSED PROJECTS INCLUDING AN EMPHASIS ON REOPENING THE MILBRIDGE THEATRE AS A FULL SERVICE THEATRE AND COMMUNITY ARTS CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REBUILDING AND REOPENING THE MILBRIDGE THEATRE AS A MODERN, FULL SERVICE THEATRE AND COMMUNITY ARTS CENTER PROVIDING A FLEXIBLE VENUE AND COMMUNITY GATHERING SPACE FOR LIVE PERFORMANCES, MOVIES AND EDUCATIONAL PROGRAMMING. WE OPERATE A NEWLY CONSTRUCTED OUTDOOR STAGE ON THE STIRE OF THE THEATRE FEATURING MOVIES AND LIVE MUSIC PERFORMANCES FREE OF CHARGE TO THE PUBLIC, HAVE AN ONGOING DOWNTOWN BEAUTIFICATION PROJECT WHERE WE MANAGE 20 COMMERCIAL SIZE FLOWER PLANTERS ALONG OUR TOWNS MAIN STREET, ORGANIZE OUR COMMUNITYS ANNUAL HOLIDAYS ON MAIN STREET EVENT, AND ORGANIZE OUR TOWNS ANNUAL CIVIC CELEBRATION, MILBRIDGE DAYS. THESE ACTIVITIES SERVE A POPULATION OF 18,000 IN AN AREA FROM ELLSWORTH, MAINE TO LUBEC, MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Bondurant Trustee | Trustee | 2 | $0 |
Mindy Gerrish Trustee | Trustee | 2 | $0 |
Bill Davis Trustee | Trustee | 2 | $0 |
Kayla Beal Trustee | Trustee | 2 | $0 |
Andrew Somes Trustee | Trustee | 2 | $0 |
Heather Albright Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,156 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,188 |
| Noncash contributions included in lines 1a–1f | $2,939 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,344 |
| Total Program Service Revenue | $0 |
| Investment income | $174 |
| 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 | $229,038 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,617 |
| Office expenses | $58 |
| Information technology | $418 |
| Royalties | $0 |
| Occupancy | $6,648 |
| Travel | $0 |
| 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 | $3,216 |
| Insurance | $1,217 |
| All other expenses | $20,195 |
| Total functional expenses | $38,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,003 |
| Savings and temporary cash investments | $26,095 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,975 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $868,493 |
| Total assets | $1,111,566 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,111,566 |
| 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 | $1,111,566 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Bankers Association Westbrook, ME | $2,211,432 | $2,703,164 |
Christmas Cove Improvement Assoc Damariscotta, ME | $2,359,938 | $517,115 |
Hales Location Owners Association Inc Hales Location, NH | $1,338,615 | $588,109 |
National Rural Letter Carriers Association Farmington, ME | $319,404 | $0 |
National Rural Letter Carriers N H State Newmarket, NH | $259,541 | $92,660 |
Third Place Inc Portland, ME | $53,173 | $0 |
Human Action Foundation Lee, NH | $515,694 | $84,452 |
Gateway Milbridge Milbridge, ME | $1,111,566 | $229,038 |
We Heart West W Manchester, NH | $11,543 | $0 |
Casino Free New Hampshire Inc Keene, NH | $234 | $0 |