Greenbank Mill Associates Inc
- Assets
- $1.6m
- Revenue
- $146.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Wilmington, DE
- Founding
- 11/1988
- Data as of
- 12/2023
- EIN
- 51-0305673
Organization Overview
Greenbank Mill Associates Inc is located in Wilmington, DE. The organization was established in 1988. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Greenbank Mill Associates Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenbank Mill Associates 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 12/2023, Greenbank Mill Associates Inc generated $146.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $72.4k during the year ending 12/2023. 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
GREENBANK MILL ASSOCIATES IS A NON-PROFIT ORGANIZATION DEDICATED TO PRESERVING THE GREENBANK MILL HISTORICAL DISTRICT AS A PUBLIC MUSEUM AND EXPANDING PUBLIC KNOWLEDGE OF RED CLAY VALLEY INDUSTRIAL, AGRICULTURAL AND SOCIAL HISTORY THROUGH ONSITE EDUCATIONAL AND RECREATIONAL PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OFFER GUESTS PROGRAMS AND TOURS INTERPRETING 19TH CENTURY LIFE AND INDUSTRY IN A FULLY RESTORED COMPOUND THAT INCLUDES GRISTMILL, WOOLEN FACTORY, WATER SYSTEM, MILLERS HOUSE AND GARDENS, BARN, OUTBUILDINGS AND FARM OPERATIONS, AND NATIVE WOODLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Richard Board Member | Trustee | 1 | $0 |
Barbara Nelson Board Chair | Officer | 5 | $0 |
Lark Bernini Treasurer | Officer | 5 | $0 |
Colleen Goldsborough Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,365 |
| Fundraising events | $6,273 |
| Related organizations | $0 |
| Government grants | $96,674 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,895 |
| Total Program Service Revenue | $3,279 |
| Investment income | $118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,589 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $451 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,332 |
| 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 | $0 |
| Other salaries and wages | $24,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $596 |
| Office expenses | $10,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,167 |
| 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 | $0 |
| Insurance | $1,072 |
| All other expenses | $0 |
| Total functional expenses | $72,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,371 |
| Savings and temporary cash investments | $304,087 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,182,316 |
| Investments—publicly traded securities | $100,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,592,774 |
| Accounts payable and accrued expenses | $2,318 |
| Grants payable | $0 |
| Deferred revenue | $304,087 |
| 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 | $13,485 |
| Total liabilities | $319,890 |
| Net assets without donor restrictions | $868,797 |
| Net assets with donor restrictions | $404,087 |
| 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 | $1,592,774 |