Mission 500 Inc
- Assets
- $161.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- South Portland, ME
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 81-0861405
Organization Overview
Mission 500 Inc is located in South Portland, ME. The organization was established in 2016. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission 500 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 12/2022, Mission 500 Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $998.7k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mission 500 Inc has awarded 16 individual grants totaling $347,351. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ADVOCATE FOR UNDER SERVED CHILDREN AND FAMILIES IN THE UNITED STATES. WE INSPIRE AND ACT AS A CATALYST IN THE SECURITY INDUSTRY DRIVING COMPANIES AND INDIVIDUALS TOWARDS EXCELLENCE IN THEIR COMMUNITY SERVICE INVOLVEMENT AND CORPORATE SUSTAINABILITY INITIATIVES. WE MOBILIZE RESOURCES AND VOLUNTEERS TO HELP CHILDREN AND FAMILIES ACROSS THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION 500 IS A NONPROFIT 501(C)3 ORGANIZATION THAT WORKS CLOSELY WITH THE SECURITY INDUSTRY TO SERVE THE NEEDS OF CHILDREN LIVING IN SEVERE POVERTY ACROSS THE UNITED STATES. THROUGH CORPORATE SPONSORSHIPS AND DONATIONS, THE VOLUNTEER-DRIVEN INITIATIVES PLAN, MANAGE, AND DISTRIBUTE BOOK BAGS FILLED WITH SCHOOL SUPPLIES TO STUDENTS ATTENDING TITLE ONE SCHOOLS, PROVIDE WEEKEND MEALS TO CHILDREN WHO ARE NOT PROMISED A MEAL OUTSIDE OF A SCHOOL SETTING, AND DONATE HOPE PACKS FILLED WITH SCHOOL SUPPLIES AND ESSENTIAL HYGIENE ITEMS FOR CHILDREN MISPLACED BY NATURAL DISASTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vince Galdi Director | Trustee | 2 | $0 |
Jeff Coco Director | Trustee | 2 | $0 |
Alan Forman Director | Trustee | 2 | $0 |
Jason Lutz Director, Tresurer | OfficerTrustee | 4 | $0 |
Janet Fenner Director, Co-Chairperson | OfficerTrustee | 4 | $0 |
Sarah Flanagan Director, Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $152,116 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $915,959 |
| Noncash contributions included in lines 1a–1f | $784,536 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,068,075 |
| Total Program Service Revenue | $18,700 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,295 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,089,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,881 |
| 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 | $18,877 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,834 |
| Fees for services: Accounting | $8,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $87 |
| Office expenses | $7,526 |
| Information technology | $2,582 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32 |
| 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 | $286 |
| Insurance | $1,107 |
| All other expenses | $0 |
| Total functional expenses | $998,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,593 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $7,263 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $161,856 |
| Accounts payable and accrued expenses | $437 |
| Grants payable | $0 |
| Deferred revenue | $10,105 |
| 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 | $10,542 |
| Net assets without donor restrictions | $0 |
| 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 | $104,962 |
| Total liabilities and net assets/fund balances | $161,856 |
Grants Awarded
Over the last fiscal year, Mission 500 Inc has awarded $33,613 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
REFUGE PURPOSE: CASH DONATION TO SELECT ORGANIZATIONS APPROVED BY THE BOARD | $8,000 |
MOMS IN SECURITY PURPOSE: CASH DONATION TO SELECT ORGANIZATIONS APPROVED BY THE BOARD | $5,900 |
MARGUERITE'S PLACE PURPOSE: CASH DONATION TO SELECT ORGANIZATIONS APPROVED BY THE BOARD | $10,000 |
THE RECOURCE FOUNDATION PURPOSE: CASH DONATION TO SELECT ORGANIZATIONS APPROVED BY THE BOARD | $9,713 |