Associated General Contractors Of Maine Education Foundation
Associated General Contractors Of Maine Education Foundation maintains strong assets despite volatile revenue and recent operating deficit.
EIN: 10445998 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $90K |
| Total Expenses | $53K |
| Program Spending | 70% |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Associated General Contractors Of Maine Education Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Associated General Contractors Of Maine Education Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Associated General Contractors Of Maine Education Foundation
Associated General Contractors Of Maine Education Foundation (EIN: 10445998) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $90K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Associated General Contractors Of Maine Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Associated General Contractors Of Maine Education Foundation is a micro nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21K |
| Total Expenses | $53K |
| Surplus / Deficit | $-31,469 |
| Total Assets | $1.2M |
| Total Liabilities | $2K |
| Net Assets | $1.2M |
| Operating Margin | -147.3% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 278.0 months |
Financial Health Grade: B
In 2023, Associated General Contractors Of Maine Education Foundation reported a deficit of $31K with expenses exceeding revenue, holds 278.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Associated General Contractors Of Maine Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -91.5% | -14.7% | +8.8% |
| 2022 | +719.0% | +59.0% | +3.4% |
| 2021 | -56.1% | +19.9% | +14.7% |
| 2020 | -75.1% | +34.5% | +17.2% |
| 2019 | +8609.6% | +3.3% | +72.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Associated General Contractors Of Maine Education Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Associated General Contractors Of Maine Education Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for minimizing administrative overhead.
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 Associated General Contractors Of Maine Education Foundation's IRS 990 filings:
- Highly volatile revenue streams, making financial planning unpredictable (e.g., $251,568 in 2022 vs. $21,371 in 2023).
- Operating deficit in the most recent filing (202312), with expenses ($52,840) significantly exceeding revenue ($21,371).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Associated General Contractors Of Maine Education Foundation:
- Consistent growth in assets over the past decade, reaching $1,410,344, indicating strong financial management of its reserves.
- No reported officer compensation across all filings, suggesting a volunteer-driven leadership or very low administrative overhead.
- Long filing history (12 filings) demonstrates consistent compliance and transparency with IRS reporting requirements.
Frequently Asked Questions about Associated General Contractors Of Maine Education Foundation
Is Associated General Contractors Of Maine Education Foundation a legitimate charity?
Associated General Contractors Of Maine Education Foundation (EIN: 10445998) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $90K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Associated General Contractors Of Maine Education Foundation spend its money?
Associated General Contractors Of Maine Education Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Associated General Contractors Of Maine Education Foundation tax-deductible?
Associated General Contractors Of Maine Education Foundation is registered as a tax-exempt nonprofit (EIN: 10445998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Associated General Contractors Of Maine Education Foundation's spending goes to programs?
Associated General Contractors Of Maine Education Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Associated General Contractors Of Maine Education Foundation located?
Associated General Contractors Of Maine Education Foundation is headquartered in Augusta, Maine and files with the IRS under EIN 10445998.
How many years of IRS 990 filings does Associated General Contractors Of Maine Education Foundation have?
Associated General Contractors Of Maine Education Foundation has 12 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 $90K in total revenue.
What is the primary source of the organization's revenue given its high volatility?
The provided data shows significant fluctuations in revenue, from $2,333 in 2017 to $281,146 in 2019. Understanding if this comes from grants, donations, or investment returns is crucial for assessing financial stability.
How does the organization manage its expenses during periods of low revenue, such as the $21,371 revenue against $52,840 expenses in 2023?
The deficit in the latest filing raises questions about how the organization covers its operational costs when revenue falls short, potentially drawing from its asset base.
What are the specific programs funded by the foundation, and what is their impact?
Without NTEE code or program details, it's hard to assess the effectiveness of its mission. Understanding the programs is key to evaluating its charitable purpose.
Filing History
IRS 990 filing history for Associated General Contractors Of Maine Education Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Associated General Contractors Of Maine Education Foundation's revenue has grown by 23.6%, moving from $17K to $21K. Total assets increased by 130.8% over the same period, from $530K to $1.2M. Total functional expenses rose by 96.7%, from $27K to $53K. In its most recent filing year (2023), Associated General Contractors Of Maine Education Foundation reported a deficit of $31K, with expenses exceeding revenue. The organization holds $2K in liabilities against $1.2M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21K | $53K | $1.2M | $2K | — | View 990 |
| 2022 | $252K | $62K | $1.1M | $0 | — | View 990 |
| 2021 | $31K | $39K | $1.1M | $0 | — | View 990 |
| 2020 | $70K | $32K | $949K | $0 | — | View 990 |
| 2019 | $281K | $24K | $810K | $0 | — | View 990 |
| 2018 | $3K | $23K | $471K | $319 | — | View 990 |
| 2017 | $2K | $28K | $531K | $0 | — | View 990 |
| 2016 | $5K | $22K | $484K | $0 | — | View 990 |
| 2015 | $9K | $24K | $483K | $3K | — | View 990 |
| 2014 | $8K | $27K | $524K | $3K | — | View 990 |
| 2013 | $12K | $47K | $548K | $2K | — | View 990 |
| 2012 | $17K | $27K | $530K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21K, expenses of $53K, and assets of $1.2M (revenue -91.5% year-over-year).
- 2022: Revenue of $252K, expenses of $62K, and assets of $1.1M (revenue +719.0% year-over-year).
- 2021: Revenue of $31K, expenses of $39K, and assets of $1.1M (revenue -56.1% year-over-year).
- 2020: Revenue of $70K, expenses of $32K, and assets of $949K (revenue -75.1% year-over-year).
- 2019: Revenue of $281K, expenses of $24K, and assets of $810K (revenue +8609.6% year-over-year).
- 2018: Revenue of $3K, expenses of $23K, and assets of $471K (revenue +38.4% year-over-year).
- 2017: Revenue of $2K, expenses of $28K, and assets of $531K (revenue -48.8% year-over-year).
- 2016: Revenue of $5K, expenses of $22K, and assets of $484K (revenue -50.9% year-over-year).
- 2015: Revenue of $9K, expenses of $24K, and assets of $483K (revenue +15.7% year-over-year).
- 2014: Revenue of $8K, expenses of $27K, and assets of $524K (revenue -35.8% year-over-year).
- 2013: Revenue of $12K, expenses of $47K, and assets of $548K (revenue -27.9% year-over-year).
- 2012: Revenue of $17K, expenses of $27K, and assets of $530K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Associated General Contractors Of Maine Education Foundation:
Data Sources and Methodology
This transparency report for Associated General Contractors Of Maine Education Foundation 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.