Allagash Development Corporation
Allagash Development Corporation reports consistent negative revenue and zero expenses, indicating potential inactivity or financial distress.
EIN: 10375377 · Fort Kent, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $158K |
| Net Assets | $-91,130 |
| Transparency Score | 10/100 |
Search Intent Cockpit
Allagash Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Allagash Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Allagash Development Corporation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $-7,723 and expenses of $0.
Revenue and Expenses
Revenue, expense, and surplus data is shown where available from IRS 990 records.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
10/100 mission score, 4 red flags, and 1 strength are shown from structured and AI review.
Is Allagash Development Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Allagash Development Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade D | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
Local and Sector Spokes
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Fort Kent, ME nonprofitsFollow the Money
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Verify
Significant Concerns. Check deductibility, filings, and red flags.
2Understand money
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Benchmark against Maine Composite Materials Applied Technology Development Center.
4Decide
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Keep the Investigation Moving
About Allagash Development Corporation
Allagash Development Corporation (EIN: 10375377) is a nonprofit organization based in Fort Kent, ME. The organization reported total revenue of $158K and total assets of $258K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Allagash Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Allagash Development Corporation is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023).
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Allagash Development Corporation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Allagash Development Corporation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 133.1%.
Executive Compensation Analysis
Officer compensation has been reported as 0% across all available filings, suggesting either a fully volunteer-run organization or that compensation is not being reported in this section of the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Allagash Development Corporation's IRS 990 filings:
- Consistent negative revenue across multiple years (e.g., $-7,723 in 202312).
- Zero reported expenses across all available filings, indicating potential inactivity or incomplete reporting.
- Liabilities consistently exceed assets, indicating insolvency (e.g., $366,438 liabilities vs. $275,308 assets in 202312).
- Lack of transparency regarding operational activities due to zero expense reporting.
Strengths
The following positive indicators were identified for Allagash Development Corporation:
- No reported officer compensation, suggesting a volunteer-led structure if the organization is active.
Frequently Asked Questions about Allagash Development Corporation
Is Allagash Development Corporation a legitimate charity?
Allagash Development Corporation (EIN: 10375377) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 10/100. It has 13 years of IRS 990 filings on record. Total revenue: $158K. 4 red flags identified. 1 strength noted. Financial health grade: D.
How does Allagash Development Corporation spend its money?
Allagash Development Corporation reported $158K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Allagash Development Corporation tax-deductible?
Allagash Development Corporation is registered as a tax-exempt nonprofit (EIN: 10375377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Allagash Development Corporation located?
Allagash Development Corporation is headquartered in Fort Kent, Maine and files with the IRS under EIN 10375377.
How many years of IRS 990 filings does Allagash Development Corporation have?
Allagash Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $158K in total revenue.
Is Allagash Development Corporation actively operating?
The consistent reporting of zero expenses and negative revenue across multiple years suggests the organization may not be actively operating or is in a dormant state.
What is the source of the negative revenue?
The filings do not provide details on the source of the negative revenue, which is an unusual financial reporting item that warrants further investigation.
How does Allagash Development Corporation cover its liabilities?
With liabilities consistently exceeding assets and negative revenue, the organization's ability to cover its liabilities is unclear and suggests a state of insolvency.
Why are no expenses reported?
The consistent reporting of zero expenses across all filings is highly unusual for an active nonprofit and makes it impossible to assess any operational activities or spending.
Filing History
IRS 990 filing history for Allagash Development Corporation showing financial trends over 13 years of public records:
Total assets decreased by 42.9% over the same period, from $482K to $275K. The organization holds $366K in liabilities against $275K in assets (debt-to-asset ratio: 133.1%), resulting in net assets of $-91,130.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-7,723 | $0 | $275K | $366K | — | — |
| 2022 | $-1,630 | $0 | $303K | $387K | — | View 990 |
| 2021 | $-14,870 | $0 | $322K | $404K | — | — |
| 2020 | $-7,461 | $0 | $353K | $420K | — | — |
| 2019 | $-11,715 | $0 | $376K | $436K | — | View 990 |
| 2018 | $-9,887 | $0 | $402K | $449K | — | View 990 |
| 2017 | $13K | $0 | $424K | $462K | — | View 990 |
| 2016 | $-655 | $0 | $421K | $472K | — | View 990 |
| 2015 | $-7,780 | $0 | $437K | $487K | — | View 990 |
| 2014 | $-8,129 | $0 | $448K | $490K | — | View 990 |
| 2013 | $-4,777 | $0 | $464K | $498K | — | View 990 |
| 2012 | $-400 | $0 | $474K | $504K | — | View 990 |
| 2011 | $-16,177 | $0 | $482K | $511K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-7,723, expenses of $0, and assets of $275K.
- 2022: Revenue of $-1,630, expenses of $0, and assets of $303K.
- 2021: Revenue of $-14,870, expenses of $0, and assets of $322K.
- 2020: Revenue of $-7,461, expenses of $0, and assets of $353K.
- 2019: Revenue of $-11,715, expenses of $0, and assets of $376K.
- 2018: Revenue of $-9,887, expenses of $0, and assets of $402K (revenue -174.3% year-over-year).
- 2017: Revenue of $13K, expenses of $0, and assets of $424K.
- 2016: Revenue of $-655, expenses of $0, and assets of $421K.
- 2015: Revenue of $-7,780, expenses of $0, and assets of $437K.
- 2014: Revenue of $-8,129, expenses of $0, and assets of $448K.
- 2013: Revenue of $-4,777, expenses of $0, and assets of $464K.
- 2012: Revenue of $-400, expenses of $0, and assets of $474K.
- 2011: Revenue of $-16,177, expenses of $0, and assets of $482K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Allagash Development Corporation:
Data Sources and Methodology
This transparency report for Allagash Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.