Civic Intelligence

Midcoast Magnet

990EZ • Fiscal year 2011 • EIN 20-2706715

Jan 01, 2011 to Dec 31, 2011 • Filed on Sep 24, 2012

PO Box 104404843
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.34x

Higher debt load relative to assets than 85% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

Liabilities / Revenue

84th percentile

0.14x

Higher debt load relative to revenue than 84% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Assets

$75,695

No earlier filing loaded for comparison.

Net Assets

$50,035

No earlier filing loaded for comparison.

Liabilities

$25,660

No earlier filing loaded for comparison.

Revenue

$179,183

No earlier filing loaded for comparison.

Expenses

$157,560

No earlier filing loaded for comparison.

Net Income

$21,623

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2011: $75,695Liabilities 2011: $25,660Net Assets 2011: $50,0352011Assets 2012: $105,149Liabilities 2012: $1,8242012Assets 2013: $98,304Liabilities 2013: $6,6072013Assets 2014: $106,908Liabilities 2014: $4,933Net Assets 2014: $101,9752014Assets 2015: $98,958Liabilities 2015: $227Net Assets 2015: $98,7312015Assets 2016: $88,241Liabilities 2016: $675Net Assets 2016: $87,5662016Assets 2017: $84,075Net Assets 2017: $84,0752017Assets 2018: $32,132Net Assets 2018: $32,1322018Assets 2019: $32,132Net Assets 2019: $32,1322019Assets 2020: $32,132Liabilities 2020: $02020Assets 2021: $32,132Liabilities 2021: $02021Assets 2022: $32,132Net Assets 2022: $32,1322022

Highlighted filing

2011

Assets$75,695
Liabilities$25,660
Net Assets$50,035

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2011: $179,183Expenses 2011: $157,560Net Income 2011: $21,6232011Revenue 2012: $73,313Expenses 2012: $19,653Net Income 2012: $53,6602012Revenue 2013: $16,098Expenses 2013: $27,726Net Income 2013: -$11,6282013Revenue 2014: $78,229Expenses 2014: $67,951Net Income 2014: $10,2782014Revenue 2015: $19,456Expenses 2015: $22,700Net Income 2015: -$3,2442015Revenue 2016: $7,613Expenses 2016: $18,778Net Income 2016: -$11,1652016Revenue 2017: $8,149Expenses 2017: $11,640Net Income 2017: -$3,4912017Revenue 2018: -$43,394Expenses 2018: $8,549Net Income 2018: -$51,9432018Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021

Highlighted filing

2011

Revenue$179,183
Expenses$157,560
Net Income$21,623
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Sep 24, 2012
Return Version
2011v1.2
Mission and Program Overview

Mission

SEE ATTACHED SCHEDULE O

Filing and Contact Details

Filer

EIN
20-2706715
Raw XML Appendix213 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/DoesOrgHaveHospital0false
IRS990EZ/EngagedInExcessBenefitTrans0false
IRS990EZ/EngageInLobbyingActivities0false
IRS990EZ/EngagePoliticalCmpgnActivities0false
IRS990EZ/ExcessOrDeficitForYear021623
IRS990EZ/FeesAndOthPymtToIndContractors015912
IRS990EZ/FiledScheduleA0true
IRS990EZ/ForeignFinancialAccount0false
IRS990EZ/ForeignOffice0false
IRS990EZ/GrantsAndSimilarAmountsPaid08500
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IRS990EZ/OccupancyRentUtilitiesAndMaint08368
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine10PO Box 1044
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode404843
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode504843
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition20
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition30
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition60
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation00
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation20
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation30
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation40
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation50
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation60
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc10
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc20
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc30
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc40
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc50
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc60
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances00
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances50
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances60
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName0Amanda Roberson-Austin
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName1Amber Heffner
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName2Ken Greenleaf
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName3Michael Leonard
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName4Kim Callas
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName5Mary Bumiller
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName6George Callas
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title0PresidentTreasu
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title1Interim Secreta
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title2Director
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title3Director
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title4Director
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title5DirectorRegiste
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title6Director
IRS990EZ/OperatingSchool0false
IRS990EZ/Organization501c30X
IRS990EZ/OrganizationDissolvedEtc0false
IRS990EZ/OrganizationHadUBI0false
IRS990EZ/OtherAssetsTotal/BOY00
IRS990EZ/OtherAssetsTotal/EOY050000
IRS990EZ/OtherExpensesTotal0111783
IRS990EZ/PartVIAHghstPaidCntrctProfSer0NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl0NONE
IRS990EZ/PrimaryExemptPurpose0See attached Schedule O
IRS990EZ/PrintingPublicationsPostage012997
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom0Juice Conference is a biannual conference held in Camden ME for the exchange of ideas sharing of success stories and development of strategies for Maines future
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom1Juice Box is a smaller version of the Juice Conference to offer skills networking opportunities and fun to attendees This series promotes the creative economy of our area
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom2Pecha Kucha Night Midcoast Maine strengthens community by bringing people of all ages together to consider ideas and images presented by various creatives in our life
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom3Other program services
IRS990EZ/ProgramServiceAccomplishment/GrantsAndAllocations08500
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses0129673
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses11774
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses22614
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses31170
IRS990EZ/ProgramServiceRevenue049607
IRS990EZ/ProhibitedTaxShelterTrans0false
IRS990EZ/RelatedOrgControlledEntity0false
IRS990EZ/StatesWhereCopyOfReturnIsFiled0ME
IRS990EZ/SubjectToProxyTax0false
IRS990EZ/SumOfTotalLiabilities/BOY0142
IRS990EZ/SumOfTotalLiabilities/EOY025660
IRS990EZ/TanningServicesProvided0false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine10PO Box 1044
IRS990EZ/TheBooksAreInCareOf/AddressUS/City0Camden
IRS990EZ/TheBooksAreInCareOf/AddressUS/State0ME
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode004843
IRS990EZ/TheBooksAreInCareOf/NamePerson0Amanda Roberson-Austin
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber02072366545
IRS990EZ/TotalAssets/BOY028554
IRS990EZ/TotalAssets/EOY075695
IRS990EZ/TotalExpenses0157560
IRS990EZ/TotalProgramServiceExpenses0135231
IRS990EZ/TotalRevenue0179183
IRS990EZ/TransactionWithControlEntity0false
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg0false
IRS990EZ/WebSite0midcoastmagentcom
IRS990ScheduleA/AmtsRecdFromDisqualPersons/CurrentTaxYear012411
IRS990ScheduleA/AmtsRecdFromDisqualPersons/Total012411
IRS990ScheduleA/First5Years5090X
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYear0129448
IRS990ScheduleA/GiftsGrantsContribReceived509/Total0129448
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYear0128
IRS990ScheduleA/GrossInvestmentIncome509/Total0128
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYear049606
IRS990ScheduleA/GrossReceiptsFromAdmissions/Total049606
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYear0128
IRS990ScheduleA/InvestmentIncomeAndUBTI/Total0128
IRS990ScheduleA/PubliclySupportedOrg509a20X
IRS990ScheduleA/PublicSupportTotal5090166643
IRS990ScheduleA/SupportFromDQPsEtc/CurrentTaxYear012411
IRS990ScheduleA/SupportFromDQPsEtc/Total012411
IRS990ScheduleA/Total509/CurrentTaxYear0179054
IRS990ScheduleA/Total509/Total0179054
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYear0179182
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus2Years00
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus4Years00
IRS990ScheduleA/TotalSupportTotal/Total0179182
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990ScheduleC/CorrectionMade0false
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IRS990ScheduleO/GeneralExplanation/Explanation0Form 990 EZ Part III Statement of Program Service Accomplishments Organizations Primary Exempt Purpose Midcoast Magnet seeks to attract connect and retain talented people in the midcoast We develop leaders in support of innovative projects that foster creativity livability and economic vitality We achieve these goals through a number of means including our event series such as Pecha Kucha creative chit-chat highlighting the work of artists and creative professionals REAL networking events Juice Boxes combining learning opportunities with networking and the Juice Conference a two-day creative economy conference taking place every other year Form 990EZ Late Filing Explanation This is the first year filing as a tax exempt organization The newly elected President was unaware of the filing date of 5152012 Upon delivery of the QuickBooks file to their accountant the organization became aware of incomplete accounting records and missing 1099s that needed to be filed for 2011 Once the bookkeeper corrected the QuickBooks file and prepared the 1099MISC forms for 2011 all applicable tax related data was resubmitted to the accountant for tax preparation Due to the fact that this organization is new and the officers were unaware of their filing obligations we are requesting an abatement of any and all penalties that may be assessed The Board has committed to timely file all future tax returns
IRS990ScheduleO/GeneralExplanation/Explanation1Activity 6 individual grants awarded Grantee various Relationship none Amount 8500
IRS990ScheduleO/GeneralExplanation/Explanation2Description Amount Accounting and bookkeeping 5533 Marketing and Communications 34695 Advertising and Promotion 6265 Insurance 1667 Bank Service Charges 120 Board Development 1350 Licenses and Permits 85 Dues and Subscriptions 1520 Meals and Entertainment 7357 Conference Expense 1106 Events 4701 Food Expense 13559 Merchant Service Fees 3135 Production Expense 20080 Taxes and filing fees 160 Website Expense 10450
IRS990ScheduleO/GeneralExplanation/Explanation3Beginning Category of Year End of Year Newfield Design Inc loan 0 50000
IRS990ScheduleO/GeneralExplanation/Explanation4Beginning Category of Year End of Year Accounts Payable 142 25660
IRS990ScheduleO/GeneralExplanation/Explanation5Form 990EZ Part III Exempt Purpose Achievements REAL Networking events bring people together to network and make connections with other business owners Each event is unique held in a different location and occassionally these events have a focused theme including a guest speaker
IRS990ScheduleO/GeneralExplanation/Identifier001. General explanation attachment
IRS990ScheduleO/GeneralExplanation/Identifier102. List of grants and similar amounts paid (Part I, line 10)
IRS990ScheduleO/GeneralExplanation/Identifier203. Description of other expenses (Part I, line 16)
IRS990ScheduleO/GeneralExplanation/Identifier304. Description of other assets (Part II, line 24)
IRS990ScheduleO/GeneralExplanation/Identifier405. Description of total liabilities (Part II, line 26)
IRS990ScheduleO/GeneralExplanation/Identifier506. Other program services (Part III, line 31)
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0202706715
ReturnHeader/Filer/Name/BusinessNameLine10Midcoast Magnet
ReturnHeader/Filer/NameControl0MIDC
ReturnHeader/Filer/USAddress/AddressLine10PO Box 1044
ReturnHeader/Filer/USAddress/City0Camden
ReturnHeader/Filer/USAddress/State0ME
ReturnHeader/Filer/USAddress/ZIPCode004843
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02012-09-24
ReturnHeader/Officer/Name0Amanda Roberson-Austin
ReturnHeader/Officer/Phone02072366545
ReturnHeader/Officer/Title0PresidentTreas
ReturnHeader/Preparer/DatePrepared02012-09-24
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10Rita D West EA PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10PO Box 1042
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0Camden
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0ME
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode004843
ReturnHeader/Preparer/Name0Rita D West
ReturnHeader/Preparer/Phone02072307034
ReturnHeader/ReturnType0990EZ
ReturnHeader/TaxPeriodBeginDate02011-01-01
ReturnHeader/TaxPeriodEndDate02011-12-31
ReturnHeader/TaxYear02011
ReturnHeader/Timestamp02012-09-24T09:13:59-04:00

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