Is Southern Maine Community College…

Quick charity verification for Southern Maine Community College Foundation (EIN: 10520531)

Strengths

Strong revenue growth (from $340,536 in 2019 to $2,066,673 in 2023)
Consistent asset growth (from $2,218,649 in 2019 to $5,392,209 in 2023)
0% officer compensation reported across all filings, indicating high transparency and volunteer leadership.
Efficient spending with expenses significantly lower than revenue (e.g., 2023 expenses were $530,500 against $2,066,673 revenue).
Positive net assets and low liabilities relative to assets.

Spending Breakdown

How Southern Maine Community College Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Southern Maine Community College Foundation

Is Southern Maine Community College Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Southern Maine Community College Foundation (EIN: 10520531) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Southern Maine Community College Foundation a good charity to donate to?

Southern Maine Community College Foundation has a Mission Score of 92/100. Revenue: $2.0M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Southern Maine Community College Foundation?

The Employer Identification Number (EIN) for Southern Maine Community College Foundation is 10520531. 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 Southern Maine Community College Foundation spend its money?

Southern Maine Community College Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Southern Maine Community College Foundation's tax-exempt status?

You can verify Southern Maine Community College Foundation's tax-exempt status using EIN 10520531 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 Southern Maine Community College Foundation demonstrates strong financial health and a clear commitment to its mission of supporting the college. Over the past five years, the organization has shown consistent growth in both revenue and assets, with revenue increasing from $340,536 in 2019 to $2,066,673 in 2023, and assets growing from $2,218,649 to $5,392,209 in the same period. This growth indicates effective fundraising and sound financial management. The foundation's expenses have remained relatively low compared to its revenue, particularly in recent years, suggesting efficient operations.

The foundation's spending efficiency appears high, as evidenced by the significant difference between revenue and expenses in recent filings. For instance, in 2023, revenue was $2,066,673 while expenses were only $530,500, indicating a substantial portion of funds are being retained or directed towards long-term endowment growth rather than immediate operational costs. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a focus on directing resources to the mission rather than executive salaries. This practice enhances public trust and demonstrates a volunteer-driven leadership model.

Overall, the Southern Maine Community College Foundation exhibits robust financial health, efficient spending practices, and a high degree of transparency, particularly concerning executive compensation. The consistent growth in assets suggests a strategic approach to building long-term financial stability to support Southern Maine Community College.

Is Southern Maine Community College Foundation Legit?

Verdict: Southern Maine Community College Foundation appears trustworthy