Anna M Severin Trust
Anna M Severin Trust maintains stable assets despite recent expense overages and reports no officer compensation.
EIN: 16094206 · Bath, ME · NTEE: T90 · Updated: 2026-03-28
Is Anna M Severin Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Anna M Severin Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Anna M Severin Trust
Anna M Severin Trust (EIN: 16094206) is a nonprofit organization based in Bath, ME, classified under NTEE code T90. The organization reported total revenue of $45K and total assets of $255K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anna M Severin Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Anna M Severin Trust with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Anna M Severin Trust allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient for a nonprofit of its size.
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 Anna M Severin Trust's IRS 990 filings:
- Recent periods (2022, 2023) show expenses exceeding revenue, leading to a slight draw on assets.
Strengths
The following positive indicators were identified for Anna M Severin Trust:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
- Stable asset base over a decade, demonstrating financial resilience.
- Minimal liabilities ($0 or $1) across all filings, indicating very low financial risk.
- Consistent annual IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Anna M Severin Trust
Is Anna M Severin Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Anna M Severin Trust (EIN: 16094206) some concerns. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
How does Anna M Severin Trust spend its money?
Anna M Severin Trust directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Anna M Severin Trust tax-deductible?
Anna M Severin Trust is registered as a tax-exempt nonprofit (EIN: 16094206). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the primary grantmaking activities of the Anna M Severin Trust?
The provided IRS 990 data does not detail the specific grantmaking activities or beneficiaries of the Anna M Severin Trust. As a private grantmaking foundation (NTEE T90), its primary mission would be to distribute grants to other organizations or individuals.
Why do expenses sometimes exceed revenue, as seen in 2022 and 2023?
In 2022, expenses ($29,506) exceeded revenue ($26,244), and similarly in 2023, expenses ($20,485) exceeded revenue ($17,113). This could be due to market fluctuations affecting investment income (a common revenue source for trusts) or a strategic decision to disburse more funds in grants than received in a given year, drawing from the trust's principal or accumulated reserves.
How does the trust manage its investments to maintain its asset base?
While the filings show a stable asset base, the specific investment strategies are not detailed in the provided summary. The fluctuation in revenue, which likely includes investment income, suggests that the trust holds investments that are subject to market performance.
Filing History
IRS 990 filing history for Anna M Severin Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Anna M Severin Trust's revenue has grown by 34.8%, moving from $13K to $17K. Total assets increased by 14% over the same period, from $227K to $259K. Total functional expenses rose by 9.8%, from $19K to $20K. In its most recent filing year (2023), Anna M Severin Trust reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $259K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $259K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $17K | $20K | $259K | $1 | — | — |
| 2022 | $26K | $30K | $262K | $1 | — | — |
| 2021 | $34K | $23K | $265K | $1 | — | — |
| 2020 | $27K | $21K | $254K | $1 | — | — |
| 2019 | $19K | $21K | $249K | $0 | — | View 990 |
| 2015 | $18K | $22K | $259K | $0 | — | View 990 |
| 2014 | $26K | $22K | $263K | $0 | — | View 990 |
| 2013 | $63K | $36K | $259K | $0 | — | View 990 |
| 2012 | $8K | $4K | $231K | $0 | — | View 990 |
| 2011 | $13K | $19K | $227K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17K, expenses of $20K, and assets of $259K (revenue -34.8% year-over-year).
- 2022: Revenue of $26K, expenses of $30K, and assets of $262K (revenue -23.0% year-over-year).
- 2021: Revenue of $34K, expenses of $23K, and assets of $265K (revenue +28.1% year-over-year).
- 2020: Revenue of $27K, expenses of $21K, and assets of $254K (revenue +38.6% year-over-year).
- 2019: Revenue of $19K, expenses of $21K, and assets of $249K (revenue +5.0% year-over-year).
- 2015: Revenue of $18K, expenses of $22K, and assets of $259K (revenue -28.7% year-over-year).
- 2014: Revenue of $26K, expenses of $22K, and assets of $263K (revenue -59.5% year-over-year).
- 2013: Revenue of $63K, expenses of $36K, and assets of $259K (revenue +700.3% year-over-year).
- 2012: Revenue of $8K, expenses of $4K, and assets of $231K (revenue -37.7% year-over-year).
- 2011: Revenue of $13K, expenses of $19K, and assets of $227K.
Data Sources and Methodology
This transparency report for Anna M Severin Trust 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.