Quick charity verification for Maine Dairy Promotion Board (EIN: 10507505)
Verdict: Maine Dairy Promotion Board appears trustworthy
85/100Mission Score
$567KRevenue
$327KAssets
2Red Flags
5Strengths
Red Flags
Significant increase in liabilities from $55,521 in 2022 to $215,033 in 2023 without clear explanation.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
Consistent reporting of 0% officer compensation, indicating very low executive overhead.
Stable revenue streams, consistently around $550,000-$600,000 annually.
Steady growth in assets from $139,329 in 2015 to $372,588 in 2023, indicating financial health.
Consistent filing history over 13 periods, demonstrating good transparency practices.
Modest surplus in the latest filing (202312) with revenues of $566,801 against expenses of $537,599.
Spending Breakdown
How Maine Dairy Promotion Board allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Maine Dairy Promotion Board
Is Maine Dairy Promotion Board a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Dairy Promotion Board (EIN: 10507505) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Maine Dairy Promotion Board a good charity to donate to?
Maine Dairy Promotion Board has a Mission Score of 85/100. Revenue: $567K. Assets: $327K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Dairy Promotion Board?
The Employer Identification Number (EIN) for Maine Dairy Promotion Board is 10507505. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Maine Dairy Promotion Board spend its money?
Maine Dairy Promotion Board allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Dairy Promotion Board's tax-exempt status?
You can verify Maine Dairy Promotion Board's tax-exempt status using EIN 10507505 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Maine Dairy Promotion Board demonstrates consistent financial activity, with revenues and expenses hovering around the $550,000 to $600,000 range over the past decade. In the latest filing (202312), the organization reported revenues of $566,801 against expenses of $537,599, indicating a modest surplus. Assets have shown a steady increase, growing from $139,329 in 2015 to $372,588 in 2023, suggesting sound financial management and accumulation of reserves. Liabilities have fluctuated but remain manageable relative to assets, though the jump to $215,033 in 2023 from $55,521 in 2022 warrants closer examination to understand its nature.
The organization's spending efficiency appears strong, particularly given the consistent report of 0% officer compensation across all filings, which suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, or that the organization's structure does not involve paid officers in the traditional sense. This significantly reduces administrative overhead. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio is difficult to calculate, but the absence of officer compensation is a positive indicator for donor confidence. The consistent filing history over 13 periods also points to good transparency practices.
Overall, the Maine Dairy Promotion Board appears to be a financially stable organization with consistent operations and a strong commitment to minimizing executive compensation. The growth in assets and consistent revenue streams suggest a well-managed entity. Further detail on expense allocation would enhance the transparency assessment.