Nonprofit · EIN 47-4682941
MARTINS POINT GENERATIONS ADVANTAGE INC
Tax-exempt · PORTLAND, ME 04103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $745,845,935 | $805,624,438 | -$59,778,503 | $221,809,177 | $126,713,826 | $95,095,351 |
| December 31, 2023 | 990 | $658,574,306 | $706,963,183 | -$48,388,877 | $191,490,463 | $95,401,278 | $96,089,185 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $736,966,567
- Investment income
- $8,879,368
- Net gain from sales of assets
- $2,658,721
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $3,988,184
- Salaries, compensation and benefits (total)
- $4,973,528
- Professional fundraising fees
- $0
- Travel
- $10,910
- Program services (functional)
- $777,409,976
- Management and general (functional)
- $28,214,462
Balance sheet and other
- Total assets, start of year
- $191,490,463
- Total assets, end of year
- $221,809,177
- Total liabilities, end of year
- $126,713,826
- Net assets, end of year
- $95,095,351
- Publicly traded securities
- $53,736,685
- Net assets without donor restrictions
- $95,095,351
- Gross receipts
- $763,370,474
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Paul F Kasuba MD | President & CEO Trustee or director, Officer | 9 | $0 | $1,133,507 | $253,722 |
| Amanda Jackson | Chief Financial Officer Officer | 9 | $0 | $545,091 | $120,299 |
| David H Howes MD | Former President & CEO Former | 0 | $0 | $184,317 | $0 |
| Edward S McKersie | Chair (end 9/2024)/Treasurer Trustee or director, Officer | 0.5 | $0 | $47,755 | $1,413 |
| David E Currier | Secretary Officer | 0.5 | $0 | $48,181 | $0 |
| Kathryn Rand | Vice Chair (end 9/2024)/Chair Trustee or director, Officer | 0.5 | $0 | $42,755 | $2,084 |
| Barbara E Trethaway JD | Board Member Trustee or director | 0.5 | $0 | $40,255 | $2,166 |
| Bradford A Hunter | Treasurer (end 9/2024)/Vice Chair Trustee or director, Officer | 0.5 | $0 | $40,255 | $0 |
| George J Isham MD MS | Board Member Trustee or director | 0.5 | $0 | $37,755 | $0 |
| Cathleen Morrow MD | Board Member Trustee or director | 0.5 | $0 | $32,755 | $675 |
| Steve deCastro | Board Member Trustee or director | 0.5 | $0 | $30,255 | $0 |
| John Fitzsimmons | Board Member Trustee or director | 0.5 | $0 | $30,255 | $0 |
| Umesh Kurpad | Board Member (start 9/2024) Trustee or director | 0.5 | $0 | $15,164 | $1,597 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Paul F Kasuba MD | President & CEO Trustee or director, Officer | 20 | $0 | $961,583 | $229,666 |
| Amanda Jackson | Chief Financial Officer Officer | 20 | $0 | $514,969 | $117,286 |
| David H Howes MD | Former President & CEO Former | 0 | $0 | $249,686 | $0 |
| Edward S McKersie | Chair Trustee or director, Officer | 0.5 | $0 | $50,000 | $0 |
| Barbara E Trethaway JD | Board Member Trustee or director | 0.5 | $0 | $41,907 | $0 |
| Bradford A Hunter | Treasurer Trustee or director, Officer | 0.5 | $0 | $40,757 | $0 |
| Kathryn Rand | Vice Chair Trustee or director, Officer | 0.5 | $0 | $40,605 | $0 |
| George J Isham MD MS | Board Member Trustee or director | 0.5 | $0 | $40,000 | $0 |
| David E Currier | Secretary Officer | 0.5 | $0 | $39,471 | $0 |
| Cathleen Morrow MD | Board Member Trustee or director | 0.5 | $0 | $31,438 | $0 |
| Steve deCastro | Board Member Trustee or director | 0.5 | $0 | $30,000 | $0 |
| John Fitzsimmons | Board Member Trustee or director | 0.5 | $0 | $30,000 | $0 |
| Ronald F Dixon MD | Board Member (end Sept 2023) Trustee or director | 0.5 | $0 | $24,313 | $0 |
Address and contacts
- Address (IRS master file)
- 331 VERANDA ST, PORTLAND, ME 04103-5535
- In care of
- % ANN R CONNELLY
- Principal officer (990 for 2024)
- Paul F Kasuba MD, 331 Veranda Street PO Box 9746, Portland, ME 041035040
- Signed the 990
- Paul F Kasuba MD, President & CEO
- Phone
- (207) 791-3710
- Return prepared by
- Baker Newman & Noyes
Mission
The mission of Martin's Point Generations Advantage, Inc. is to support the mission of its Parent, Martin's Point Health Care, Inc., which is to create a healthier community through authentic relationships built on trust.
Program accomplishments
- Generations Advantage - Please see not-for-profit narrative statement for Martin's Point Generations Advantage on Schedule O.Expenses $777,409,976 · revenue $736,966,567
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4682941
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible (Pub 78)
- Organization other than a public charity or private foundation
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E99)
- Assets (IRS master file)
- $221,809,177
- Income (IRS master file)
- $763,370,474
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $745,845,935 | $805,624,438 | $221,809,177 | XML |
| 990 | December 2023 | $658,574,306 | $706,963,183 | $191,490,463 | XML |
| 990 | December 2022 | $658,917,701 | $684,542,780 | $212,933,913 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4682941).
Questions about MARTINS POINT GENERATIONS ADVANTAGE INC
- What is the EIN of MARTINS POINT GENERATIONS ADVANTAGE INC?
- The employer identification number (EIN) of MARTINS POINT GENERATIONS ADVANTAGE INC is 47-4682941.
- Is MARTINS POINT GENERATIONS ADVANTAGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2016.
- Are donations to MARTINS POINT GENERATIONS ADVANTAGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation).
- Which annual return does MARTINS POINT GENERATIONS ADVANTAGE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MARTINS POINT GENERATIONS ADVANTAGE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARTINS POINT GENERATIONS ADVANTAGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MARTINS POINT GENERATIONS ADVANTAGE INC?
- The 990 for the year ended December 31, 2024 names Paul F Kasuba MD.
- Who are the officers and directors of MARTINS POINT GENERATIONS ADVANTAGE INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does MARTINS POINT GENERATIONS ADVANTAGE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $745,845,935, expenses of $805,624,438 and total assets of $221,809,177 at year end.
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