Mainstay Inc
- Assets
- $561.7k
- Revenue
- $373.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Rock Hall, MD
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 52-2341260
Organization Overview
Mainstay Inc is located in Rock Hall, MD. The organization was established in 2009. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Mainstay Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mainstay 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 12/2021, Mainstay Inc generated $373.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $154.4k during the year ending 12/2021. 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
PROVIDES PERFORMING ARTS PROGRAMS AND EDUCATIONAL ENDEAVORS RELATED TO THE ARTS AND THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTED CONCERTS FOR LOCAL COMMUNITY OF APPROXIMATELY 20,000 PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Thomas Employee | 20 | $35,393 | |
Matthew Mielnick Employee | Officer | 10 | $9,865 |
Jacquelyn Caine Employee | Officer | 8 | $9,230 |
David Robinson President | OfficerTrustee | 7 | $0 |
Barbara Parker Vice President | OfficerTrustee | 3 | $0 |
Debra Woodruff Capper Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $203,848 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,512 |
| Total Program Service Revenue | $48,008 |
| Investment income | $1,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,840 |
| Net Gain/Loss on Asset Sales | $783 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $373,306 |
| 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 | $54,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,075 |
| Payroll taxes | $4,168 |
| Fees for services: Management | $5,613 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,907 |
| Advertising and promotion | $6,797 |
| Office expenses | $2,179 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,272 |
| 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 | $0 |
| Insurance | $7,005 |
| All other expenses | $8,231 |
| Total functional expenses | $154,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,239 |
| Savings and temporary cash investments | $0 |
| 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 | $331,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $561,733 |
| 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 | $227 |
| Other liabilities | $200 |
| Total liabilities | $427 |
| Net assets without donor restrictions | $540,126 |
| Net assets with donor restrictions | $21,180 |
| 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 | $561,733 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mainstay Inc has recieved totaling $9,347.
| Awarding Organization | Amount |
|---|---|
Kent Cultural Alliance Inc Chestertown, MD PURPOSE: GENERAL OPERATING | $8,347 |
Weitzman Family Foundation Inc Baltimore, MD PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeastern Virginia Areawide Model Program Inc Norfolk, VA | $2,843,692 | $8,738,729 |
Metropolitan Richmond Sports Backers Inc Richmond, VA | $2,872,546 | $6,713,495 |
Sport And Entertainment Corporation Of Maryland Baltimore, MD | $53,419 | $1,410,259 |
Laurel Highlands Ligonier, PA | $9,995,015 | $2,370,476 |
Bike To The Beach Washington, DC | $0 | $1,888,538 |
American Recreation Coalition Washington, DC | $671,840 | $1,140,717 |
Williamsport Volunteer Fire And Emergency Medical Services Inc Williamsport, MD | $4,234,781 | $1,522,798 |
Vysa For Land Preservation Fredericksburg, VA | $6,332,662 | $617,000 |
Cherry Blossom Inc Bethesda, MD | $848,727 | $1,212,543 |
Riverside Camping Assn Lancaster, PA | $1,315,552 | $1,190,999 |
South County Athletic Association Lorton, VA | $414,265 | $1,243,554 |
Big Picture Alliance Philadelphia, PA | $507,623 | $596,811 |