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Marble Block Redevelopment Corp

Biddeford, MEUnknown exempt organization EIN 47-1795188Latest return filed Feb 2, 2024

On file with the IRSthemarbleblock.orgBiddeford, ME

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Marble Block Redevelopment Corp was formed for the purpose of redeveloping the Marble Block building in biddeford, maine into a center for art, design, and creative entreprensurship, in accordance with the charitable purpose of engine, INC, a 501(c)(3) public charity that acquired the building by donation in 2011.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1795188) · Dispute this line
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $154K a year · 191% of revenue · last 4 filings
A surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$0
Spent
$7K
To programs
0%
Net assets
$0
By yearFY2020–FY2023
Revenue
$0
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2020$340K
FY2021−$19K
FY2022$0
FY2023$0
Expenses
$7K
FY2023▲ +104%
Tap a bar for its year
Expenses by fiscal year
FY2020$483K
FY2021$444K
FY2022$3K
FY2023$7K
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$473K
FY2021$10K
FY2022$7K
FY2023$0

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $7K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Leah Schaffer
President
$0Pt VII · Sec A
David Versel
Treasurer/Secretary
$0Pt VII · Sec A
See Marble Block Redevelopment Corp executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Transforms a historic building into a hub for art, design, and creative businesses.

Questions for Marble Block Redevelopment Corp

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Your first name shows with your question. Marble Block Redevelopment Corp answers here, for everyone.

1 program · in their own filed words · FY2023
01

Completion of brownfields cleanup of basement, pre-development activities of program planning, financial modeling for construction estimates.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1795188) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$7K
Ln 25
Managementcol C$7K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$8K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$8K$0
LiabilitiesLn 26$708$0
Net assetsLn 32$7K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$610$610
InsuranceLn 23−$708−$708
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$7K$0$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Feb 2, 2024 $0$7K−$7K$0 990 PDF
FY2022Filed with the IRS May 5, 2023 $0$3K−$3K$7K 990 PDF
FY2021Filed with the IRS Apr 29, 2022 −$19K$444K−$462K$10K 990 PDF
FY2020Filed with the IRS May 12, 2021 $340K$483K−$143K$473K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$0
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,427$7,007
I-18 Total expensesPrior year $3,427$7,007
I-19 Revenue less expensesPrior year −$3,427−$7,007
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $7,007 across 6 lines filed
IX-11b Legal feesManagement $2,730$2,730
IX-11c Accounting feesManagement $1,150$1,150
IX-11g Other fees for servicesManagement $1,052$1,052
IX-13 Office expensesManagement $610$610
IX-23 InsuranceManagement −$708−$708
IX-24 Other expenses (24a–d)Management $2,173$2,173
IX-25 Total functional expensesPrograms $0 · Management $7,007 · Fundraising $0$7,007
Part X · Balance sheet $0 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $7,715$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $7,715$0
X-17 Accounts payable and accrued expensesStart of year $708$0
X-26 Total liabilitiesStart of year $708$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $7,007$0
X-32 Total net assets or fund balancesStart of year $7,007$0
X-33 Total liabilities and net assetsStart of year $7,715$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$7,007
XI-3 Revenue less expenses−$7,007
XI-4 Net assets at start of year$7,007
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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