Augusta Electrical Joint Apprenticeship And Training Fund
Augusta Electrical JATF shows strong financial growth and 0% officer compensation, indicating high program focus.
EIN: 16044928 · Newport, ME · NTEE: J22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $819K |
| Total Expenses | $660K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $952,842 |
| Net Assets | $1.0M |
| Transparency Score | 95/100 |
Is Augusta Electrical Joint Apprenticeship And Training Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Augusta Electrical Joint Apprenticeship And Training Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Augusta Electrical Joint Apprenticeship And Training Fund
Augusta Electrical Joint Apprenticeship And Training Fund (EIN: 16044928) is a nonprofit organization based in Newport, ME, classified under NTEE code J22. The organization reported total revenue of $819K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Augusta Electrical Joint Apprenticeship And Training Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Augusta Electrical Joint Apprenticeship And Training Fund is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 17.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $953K |
| Total Expenses | $660K |
| Surplus / Deficit | +$293K |
| Total Assets | $1.1M |
| Total Liabilities | $61K |
| Net Assets | $1.0M |
| Operating Margin | 30.8% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 19.9 months |
Financial Health Grade: A
In 2023, Augusta Electrical Joint Apprenticeship And Training Fund reported a surplus of $293K with revenue exceeding expenses, holds 19.9 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Augusta Electrical Joint Apprenticeship And Training Fund's revenue has grown at a compound annual growth rate (CAGR) of 17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.9% | +32.7% | +31.9% |
| 2022 | +25.9% | +41.5% | +4.9% |
| 2021 | +28.8% | +18.2% | +33.6% |
| 2020 | -3.9% | +27.7% | +15.0% |
| 2019 | -11.5% | +1.3% | +35.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Augusta Electrical Joint Apprenticeship And Training Fund with a Mission Score of 95 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Augusta Electrical Joint Apprenticeship And Training Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $293K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization of its size (2023 revenue of $952,842) and suggests a volunteer-led or externally compensated leadership structure, which maximizes resources for program delivery.
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.
Strengths
The following positive indicators were identified for Augusta Electrical Joint Apprenticeship And Training Fund:
- Consistent revenue growth, from $178,224 in 2016 to $952,842 in 2023.
- Significant asset growth, from $78,856 in 2016 to $1,092,903 in 2023.
- 0% officer compensation reported across all filings, indicating high resource allocation to programs.
- Strong program focus, implied by the absence of executive compensation and the nature of its mission.
- Healthy asset-to-liability ratio, with assets of $1,092,903 and liabilities of $60,964 in 2023.
Frequently Asked Questions about Augusta Electrical Joint Apprenticeship And Training Fund
Is Augusta Electrical Joint Apprenticeship And Training Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Augusta Electrical Joint Apprenticeship And Training Fund (EIN: 16044928) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Augusta Electrical Joint Apprenticeship And Training Fund spend its money?
Augusta Electrical Joint Apprenticeship And Training Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Augusta Electrical Joint Apprenticeship And Training Fund tax-deductible?
Augusta Electrical Joint Apprenticeship And Training Fund is registered as a tax-exempt nonprofit (EIN: 16044928). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Augusta Electrical Joint Apprenticeship And Training Fund CEO make?
Augusta Electrical Joint Apprenticeship And Training Fund's highest-compensated officer earns $952,842 annually. The organization reported $819K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Augusta Electrical Joint Apprenticeship And Training Fund compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Augusta Electrical Joint Apprenticeship And Training Fund is above average for NTEE category J22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Augusta Electrical Joint Apprenticeship And Training Fund located?
Augusta Electrical Joint Apprenticeship And Training Fund is headquartered in Newport, Maine and files with the IRS under EIN 16044928. It is classified under NTEE code J22.
How many years of IRS 990 filings does Augusta Electrical Joint Apprenticeship And Training Fund have?
Augusta Electrical Joint Apprenticeship And Training Fund has 14 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 $819K in total revenue.
Is Augusta Electrical Joint Apprenticeship And Training Fund a good charity?
Based on its financial data, the Augusta Electrical Joint Apprenticeship And Training Fund appears to be a very good organization. It demonstrates strong financial growth, excellent program focus (implied by 0% officer compensation and high asset growth), and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue grew from $178,224 in 2016 to $952,842 in 2023, and assets increased from $78,856 to $1,092,903 in the same period, indicating robust growth and increasing capacity.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that its leadership is either entirely volunteer-based or compensated through other means, allowing all organizational funds to be directed towards its mission.
Filing History
IRS 990 filing history for Augusta Electrical Joint Apprenticeship And Training Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Augusta Electrical Joint Apprenticeship And Training Fund's revenue has grown by 676.8%, moving from $123K to $953K. Total assets increased by 2156.1% over the same period, from $48K to $1.1M. Total functional expenses rose by 307.5%, from $162K to $660K. In its most recent filing year (2023), Augusta Electrical Joint Apprenticeship And Training Fund reported a surplus of $293K, with revenue exceeding expenses. The organization holds $61K in liabilities against $1.1M in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $953K | $660K | $1.1M | $61K | — | — |
| 2022 | $571K | $497K | $829K | $90K | — | View 990 |
| 2021 | $454K | $351K | $790K | $120K | — | View 990 |
| 2020 | $352K | $297K | $591K | $24K | — | — |
| 2019 | $367K | $233K | $514K | $2K | — | View 990 |
| 2018 | $414K | $230K | $380K | $2K | — | View 990 |
| 2017 | $297K | $179K | $196K | $2K | — | View 990 |
| 2016 | $178K | $213K | $79K | $3K | — | View 990 |
| 2015 | $189K | $211K | $114K | $3K | — | View 990 |
| 2014 | $221K | $265K | $134K | $897 | — | View 990 |
| 2013 | $261K | $225K | $181K | $3K | — | View 990 |
| 2012 | $287K | $220K | $144K | $2K | — | View 990 |
| 2011 | $224K | $194K | $78K | $2K | — | View 990 |
| 2010 | $123K | $162K | $48K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $953K, expenses of $660K, and assets of $1.1M (revenue +66.9% year-over-year).
- 2022: Revenue of $571K, expenses of $497K, and assets of $829K (revenue +25.9% year-over-year).
- 2021: Revenue of $454K, expenses of $351K, and assets of $790K (revenue +28.8% year-over-year).
- 2020: Revenue of $352K, expenses of $297K, and assets of $591K (revenue -3.9% year-over-year).
- 2019: Revenue of $367K, expenses of $233K, and assets of $514K (revenue -11.5% year-over-year).
- 2018: Revenue of $414K, expenses of $230K, and assets of $380K (revenue +39.4% year-over-year).
- 2017: Revenue of $297K, expenses of $179K, and assets of $196K (revenue +66.7% year-over-year).
- 2016: Revenue of $178K, expenses of $213K, and assets of $79K (revenue -5.8% year-over-year).
- 2015: Revenue of $189K, expenses of $211K, and assets of $114K (revenue -14.3% year-over-year).
- 2014: Revenue of $221K, expenses of $265K, and assets of $134K (revenue -15.3% year-over-year).
- 2013: Revenue of $261K, expenses of $225K, and assets of $181K (revenue -9.0% year-over-year).
- 2012: Revenue of $287K, expenses of $220K, and assets of $144K (revenue +27.9% year-over-year).
- 2011: Revenue of $224K, expenses of $194K, and assets of $78K (revenue +82.6% year-over-year).
- 2010: Revenue of $123K, expenses of $162K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Augusta Electrical Joint Apprenticeship And Training Fund:
Data Sources and Methodology
This transparency report for Augusta Electrical Joint Apprenticeship And Training Fund 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.