Association Of Independent Schools In New England Inc

Is Association Of Independent Schools In New England Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Association Of Independent Schools In New England Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Association Of Independent Schools In New England Inc

Association Of Independent Schools In New England Inc (EIN: 10469062) is a nonprofit organization based in Westbrook, ME, classified under NTEE code B90. The organization reported total revenue of $348K and total assets of $423K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Association Of Independent Schools In New England Inc'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 Association Of Independent Schools In New England Inc with a Mission Score of 85 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: 80%
• fundraising: 5%

According to IRS 990 filings, Association Of Independent Schools In New England Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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, which is highly unusual for an organization of this size and revenue. This suggests that executive leadership may be volunteer-based or compensated through non-officer categories, which could free up more funds for programs.

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 Association Of Independent Schools In New England Inc's IRS 990 filings:

• Lack of detailed expense breakdown in summary data prevents precise program efficiency calculation
• Unusually low (0%) reported officer compensation may warrant further investigation into compensation structures

Strengths

The following positive indicators were identified for Association Of Independent Schools In New England Inc:

• Consistent financial surpluses (e.g., $30,675 in 2019)
• Steady growth in assets over time (from $138,181 in 2011 to $333,235 in 2019)
• Low liabilities relative to assets, indicating a healthy balance sheet
• Consistent IRS 990 filings demonstrating transparency
• 0% reported officer compensation, potentially maximizing program spending

Frequently Asked Questions about Association Of Independent Schools In New England Inc

Filing History

IRS 990 filing history for Association Of Independent Schools In New England Inc showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2019), Association Of Independent Schools In New England Inc's revenue has grown by 31.4%, moving from $327K to $430K. Total assets increased by 141.2% over the same period, from $138K to $333K. Total functional expenses rose by 16.8%, from $342K to $400K. In its most recent filing year (2019), Association Of Independent Schools In New England Inc reported a surplus of $31K, with revenue exceeding expenses. The organization holds $67K in liabilities against $333K in assets (debt-to-asset ratio: 20.1%), resulting in net assets of $266K.

Year-by-Year Financial Summary

• 2019: Revenue of $430K, expenses of $400K, and assets of $333K (revenue +8.9% year-over-year).
• 2018: Revenue of $395K, expenses of $370K, and assets of $266K (revenue -25.9% year-over-year).
• 2017: Revenue of $533K, expenses of $504K, and assets of $272K (revenue +15.3% year-over-year).
• 2016: Revenue of $462K, expenses of $436K, and assets of $261K (revenue +2.0% year-over-year).
• 2015: Revenue of $453K, expenses of $423K, and assets of $206K (revenue +3.5% year-over-year).
• 2014: Revenue of $438K, expenses of $496K, and assets of $151K (revenue -13.5% year-over-year).
• 2013: Revenue of $506K, expenses of $470K, and assets of $205K (revenue +23.1% year-over-year).
• 2012: Revenue of $411K, expenses of $374K, and assets of $201K (revenue +25.6% year-over-year).
• 2011: Revenue of $327K, expenses of $342K, and assets of $138K.

Data Sources and Methodology

This transparency report for Association Of Independent Schools In New England Inc 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.