Mid-County Center Inc
- Assets
- $1.8m
- Revenue
- $636.4k
- Investments
- $447.8k
- Employees
- 8
- Location
- Wilmington, DE
- Founding
- 10/1986
- Data as of
- 06/2023
- EIN
- 51-0233084
Organization Overview
Mid-County Center Inc is located in Wilmington, DE. The organization was established in 1986. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Mid-County Center Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-County Center 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 06/2023, Mid-County Center Inc generated $636.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $553.5k during the year ending 06/2023. While expenses have increased by 8.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WELCOMING COMMUNITY OF MID-COUNTY CENTER OFFERS HEALTHY, FUN AND NURTURING ACTIVITIES TO PEOPLE 50+ THAT ENABLE THEM TO AGE WELL, WITH PURPOSE AND DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE MISSION ABOVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Jones Vice President | OfficerTrustee | 0.4 | $0 |
Robert J Boyer Secretary | OfficerTrustee | 0.4 | $0 |
Rick Hynes Treasurer | OfficerTrustee | 0.4 | $0 |
Daniel Valentino Assistant Treasurer | OfficerTrustee | 0.4 | $0 |
Kathleen Rupert Secretary | OfficerTrustee | 0.4 | $0 |
Edwin Brown Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $523,683 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,104 |
| Total Program Service Revenue | $40,412 |
| Investment income | $68,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,344 |
| Net Income from Fundraising Events | $9,334 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $636,360 |
| 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. | $78,848 |
| Compensation of current officers, directors, key employees. | $12,182 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $154,807 |
| Pension plan accruals and contributions | $2,486 |
| Other employee benefits | $0 |
| Payroll taxes | $17,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,524 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $157,753 |
| 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 | $11,146 |
| Insurance | $20,746 |
| All other expenses | $32,988 |
| Total functional expenses | $553,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,523 |
| Savings and temporary cash investments | $311,935 |
| 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 | $1,925 |
| Net Land, buildings, and equipment | $130,518 |
| Investments—publicly traded securities | $867,425 |
| Investments—other securities | $447,773 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,794,099 |
| Accounts payable and accrued expenses | $7,267 |
| 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 | $7,267 |
| Net assets without donor restrictions | $1,349,878 |
| Net assets with donor restrictions | $436,954 |
| 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 | $1,794,099 |