Margination Inc
- Assets
- $58.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, NY
- Founding
- 04/2015
- Data as of
- 12/2016
- EIN
- 46-5012783
Organization Overview
Margination Inc is located in Troy, NY. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Margination 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 12/2016, Margination Inc generated $48.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (28.8%) each year. All expenses for the organization totaled $52.6k during the year ending 12/2016. 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
2016
Describe the Organization's Program Activity:
Part 3
BUILDING A NETWORK OF WORKER-OWNED BUSINESSES THAT CAN SHARE RESOURCES AND SUPPORT ONE ANOTHER IN ORDER TO TURN PEOPLE FROM ALL WALKS OF LIFE INTO LEADERS AND JOB CREATORS. THIS IS DONE BY PROVIDING SPACE, EQUIPMENT AND TECHNICAL SUPPORT FOR OUR BUSINESS NETWORK, BUILDING COMMUNITY AND SKILL SHARING OPPORTUNITIES FOR WORKERS, ENTREPRENEURS AND THEIR FAMILIES, AND FACILITATING COOPERATION BETWEEN BUSINESSES TO LOWER COSTS AND SPREAD RISK.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslye Penticoff Secretary | 1 | $0 | |
David Wojeski Co-Treasurer | 1 | $0 | |
Abby Lublin Chair | 1 | $0 | |
Catherine Hill Director | 1 | $0 | |
Richard Goldstein Director | 1 | $0 | |
Jessee Marshall Executive Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,788 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,788 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,530 |
| Professional fees and other payments to independent contractors | $9,782 |
| Occupancy, rent, utilities, and maintenance | $2,671 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,646 |
| Total expenses | $52,629 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,786 |
| Other assets | $0 |
| Total assets | $58,587 |
| Total liabilities | $12,128 |
| Net assets or fund balances | $46,459 |