Civic Intelligence

Gateway Milbridge

990 • Fiscal year 2020 • EIN 37-1793807

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 03, 2020

P O Box 62Milbridge, ME 04658

(404) 580-4630

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

Higher debt load relative to assets than 29% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

98th percentile

88%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

83rd percentile

53%

Faster asset growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

88th percentile

61%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$500,789

Up $173,572 (+53%) from 2019

Net Assets

Up

$500,377

Up $179,985 (+56%) from 2019

Liabilities

Down

$412

Down $6,413 (-94%) from 2019

Revenue

Up

$203,401

Up $77,377 (+61%) from 2019

Expenses

Down

$23,416

Down $8,179 (-26%) from 2019

Net Income

Up

$179,985

Up $85,556 (+91%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2017: $80,648Liabilities 2017: $0Net Assets 2017: $80,6482017Assets 2018: $227,842Liabilities 2018: $1,879Net Assets 2018: $225,9632018Assets 2019: $327,217Liabilities 2019: $6,825Net Assets 2019: $320,3922019Assets 2020: $500,789Liabilities 2020: $412Net Assets 2020: $500,3772020Assets 2021: $699,996Liabilities 2021: $856Net Assets 2021: $699,1402021Assets 2022: $914,127Liabilities 2022: $0Net Assets 2022: $914,1272022Assets 2023: $1,111,566Liabilities 2023: $0Net Assets 2023: $1,111,5662023Assets 2024: $1,053,643Liabilities 2024: $690Net Assets 2024: $1,052,9532024

Highlighted filing

2020

Assets$500,789
Liabilities$412
Net Assets$500,377

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2017: $102,849Expenses 2017: $41,572Net Income 2017: $61,2772017Revenue 2018: $174,542Expenses 2018: $29,227Net Income 2018: $145,3152018Revenue 2019: $126,024Expenses 2019: $31,595Net Income 2019: $94,4292019Revenue 2020: $203,401Expenses 2020: $23,416Net Income 2020: $179,9852020Revenue 2021: $210,906Expenses 2021: $12,143Net Income 2021: $198,7632021Revenue 2022: $249,994Expenses 2022: $35,007Net Income 2022: $214,9872022Revenue 2023: $229,038Expenses 2023: $38,714Net Income 2023: $190,3242023Revenue 2024: $276,725Expenses 2024: $284,996Net Income 2024: -$8,2712024

Highlighted filing

2020

Revenue$203,401
Expenses$23,416
Net Income$179,985
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 3, 2020
Return Version
2019v5.1
Gross Receipts
$224,008
Mission and Program Overview

Mission

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.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$100,000$202,889▲ $102,889
Cash and Non-Interest-Bearing Accounts$129,852$187,990▲ $58,138
Land, Buildings, and Equipment, Net$16,829$13,426▼ $3,403
Total Assets$327,217$500,789▲ $173,572
Other Assets Total$80,536$96,484▲ $15,948
Liabilities
Accounts Payable and Accrued Expenses$6,825$412▼ $6,413
Total Liabilities$6,825$412▼ $6,413
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$320,392$500,377▲ $179,985
Total Net Assets Fund Balance$320,392$500,377▲ $179,985
Total Liabilities and Net Assets / Fund Balance$327,217$500,789▲ $173,572

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,426$8,507-
Other Assets Org$29,840--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard BondurantChairperson
Cathy ChipmanVice Chairperson
Bill DavisTrustee
David PinkhamTrustee
Elaine MathiasonTrustee
Jan RossiTrustee
Lewis PinkhamTrustee
Rhonda PinkhamTrustee
Cindy VillanuevaSecretary
Mindy GerrishTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$194,615
Program Service Revenue
$0
Investment Income
$-9,611
Other Revenue
$18,397
All Other Contributions
$185,615
Change in Net Assets
$179,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,416
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,490$1,400-$6,890
Depreciation Depletion$3,403--$3,403
Advertising-$2,651-$2,651
Insurance-$2,227-$2,227
Office Expenses-$1,816-$1,816
Occupancy-$1,170-$1,170
Fees for Services Accounting-$300-$300
Information Technology-$258-$258
Other Expenses$4,042$62-$62
Total Functional Expenses$12,935$10,481$0$23,416
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,494
Fundraising Direct Expenses$5,607
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various$23,494$23,494$5,607$17,887
Total Events$23,494$23,494$5,607$17,887
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Two board members are married.

Form 990 governing body review Part VI line 11

A copy of the 990 was made available to the board for review to allow for any changes, additions or corrections before filing.

Conflict of interest policy compliance Part VI line 12C

As part of its bylaws, the board has adopted a conflict of interest policy and is very conscious of conflict of interest as it helps to maintain the reputation of excellence and high standards. Board members remain well versed in policy protocol, and are conscious to bring the subject up at meetings.

Governing documents etc available to public Part VI line 19

A copy of the 990 is available to the public upon written request as well as uploaded to the guidestar website.

Filing and Contact Details

Filer

Filer Name
Gateway Milbridge
EIN
37-1793807
Address
P O BOX 62, Milbridge, ME 04658

Signing Officer

Name
Richard Bondurant
Title
Chairperson
Phone
4045804630
Signed
2020-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Bondurant
Formed
2015
Legal Domicile
Me
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
23

Preparer

Firm
Facts & Figures Inc
Address
4603 DAYTON BLVD, Chattanooga, TN 37415
Preparer
Ronald Schlumper
Phone
4048492047
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

In kind services - $2,150 - program related services for petting zoo for town festivalservices to help move stage and other program help - $3,340consulting fees - $1,400

General explanation attachment

Primary exempt purpose:gateway milbridges is a non-profit 501(c)3 designated organization to assist with a downtown revitalization effort for milbridge through a variety of community focused projects including an emphasis on rebuilding and reopening the milbridge theatre as a modern, full service theatre and community arts center. Program service accomplishment: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 site of the theatre featuring movies and live music performances free of charge to the public, have an ongoing downtown beautifucation 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 WAS MADE AVAILABLE TO THE BOARD FOR REVIEW TO ALLOW FOR ANY CHANGES, ADDITIONS OR CORRECTIONS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS PART OF ITS BYLAWS, THE BOARD HAS ADOPTED A CONFLICT OF INTEREST POLICY AND IS VERY CONSCIOUS OF CONFLICT OF INTEREST AS IT HELPS TO MAINTAIN THE REPUTATION OF EXCELLENCE AND HIGH STANDARDS. BOARD MEMBERS REMAIN WELL VERSED IN POLICY PROTOCOL, AND ARE CONSCIOUS TO BRING THE SUBJECT UP AT MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE 990 IS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AS WELL AS UPLOADED TO THE GUIDESTAR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN KIND SERVICES - $2,150 - PROGRAM RELATED SERVICES FOR PETTING ZOO FOR TOWN FESTIVALSERVICES TO HELP MOVE STAGE AND OTHER PROGRAM HELP - $3,340CONSULTING FEES - $1,400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIMARY EXEMPT PURPOSE:GATEWAY MILBRIDGES IS A NON-PROFIT 501(C)3 DESIGNATED ORGANIZATION TO ASSIST WITH A DOWNTOWN REVITALIZATION EFFORT FOR MILBRIDGE THROUGH A VARIETY OF COMMUNITY FOCUSED PROJECTS INCLUDING AN EMPHASIS ON REBUILDING AND REOPENING THE MILBRIDGE THEATRE AS A MODERN, FULL SERVICE THEATRE AND COMMUNITY ARTS CENTER. PROGRAM SERVICE ACCOMPLISHMENT: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 SITE OF THE THEATRE FEATURING MOVIES AND LIVE MUSIC PERFORMANCES FREE OF CHARGE TO THE PUBLIC, HAVE AN ONGOING DOWNTOWN BEAUTIFUCATION 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5General explanation attachment
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ReturnHeader/FilingSecurityInformation/IPDt02020-11-03

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