Martins Point Generations Advantage Inc
- Assets
- $191.5m
- Revenue
- $658.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 47-4682941
Organization Overview
Martins Point Generations Advantage Inc is located in Portland, ME. The organization was established in 2016. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martins Point Generations Advantage Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Martins Point Generations Advantage Inc generated $658.6m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER THE CARE EVERY PERSON DESERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATIONS ADVANTAGE - PLEASE SEE NOT-FOR-PROFIT NARRATIVE STATEMENT FOR MARTIN'S POINT GENERATIONS ADVANTAGE ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Decastro Board Member | Trustee | 0.5 | $0 |
Ronald F Dixon MD Board Member (end Sept 2023) | Trustee | 0.5 | $0 |
John Fitzsimmons Board Member | Trustee | 0.5 | $0 |
George J Isham MD Ms Board Member | Trustee | 0.5 | $0 |
Cathleen Morrow MD Board Member | Trustee | 0.5 | $0 |
Barbara E Trethaway JD Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eastern Maine Medical Center Medical Services | 12/30/23 | $30,058,780 |
Mainehealth Medical Services | 12/30/23 | $144,052,460 |
Mainegeneral Medical Center Medical Services | 12/30/23 | $26,297,894 |
Central Maine Medical Center Medical Services | 12/30/23 | $23,317,374 |
Mercy Hospital Medical Services | 12/30/23 | $18,527,209 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $653,632,892 |
| Investment income | $4,698,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $242,497 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $658,574,306 |
| 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 | $4,409,832 |
| Other salaries and wages | $201,527 |
| Pension plan accruals and contributions | $631,249 |
| Other employee benefits | $309,280 |
| Payroll taxes | $37,625,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $471,141 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $177,589 |
| Fees for services: Other | $6,586,861 |
| Advertising and promotion | $4,491,065 |
| Office expenses | $1,283,441 |
| Information technology | $50,783 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $421,514 |
| Total functional expenses | $706,963,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,317,878 |
| Savings and temporary cash investments | $16,307,250 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,352,231 |
| 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 | $0 |
| Investments—publicly traded securities | $52,510,311 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,002,793 |
| Total assets | $191,490,463 |
| Accounts payable and accrued expenses | $95,401,278 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $95,401,278 |
| Net assets without donor restrictions | $96,089,185 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $191,490,463 |