Bangor Convention And Visitors Bureau
Bangor Convention And Visitors Bureau shows improved financial health with growing assets and no officer compensation.
EIN: 10478486 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $179K |
| Total Expenses | $151K |
| Program Spending | 80% |
| Net Assets | $13K |
| Transparency Score | 85/100 |
Is Bangor Convention And Visitors Bureau Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bangor Convention And Visitors Bureau directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bangor Convention And Visitors Bureau
Bangor Convention And Visitors Bureau (EIN: 10478486) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $179K and total assets of $154K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bangor Convention And Visitors Bureau's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bangor Convention And Visitors Bureau is a small nonprofit that has been operating for 33 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $203K |
| Total Expenses | $151K |
| Surplus / Deficit | +$52K |
| Total Assets | $146K |
| Total Liabilities | $133K |
| Net Assets | $13K |
| Operating Margin | 25.6% |
| Debt-to-Asset Ratio | 91.1% |
| Months of Reserves | 11.6 months |
Financial Health Grade: A
In 2021, Bangor Convention And Visitors Bureau reported a surplus of $52K with revenue exceeding expenses, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 91.1% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Bangor Convention And Visitors Bureau's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +2.1% | -12.2% | +490.6% |
| 2020 | -18.2% | -19.6% | +11.2% |
| 2019 | +2.1% | +0.8% | +51.0% |
| 2018 | -1.6% | -20.1% | +153.5% |
| 2017 | -17.5% | +14.7% | -81.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1993 |
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 Bangor Convention And Visitors Bureau 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, Bangor Convention And Visitors Bureau 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.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 91.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filing periods, indicating that no salaries or benefits are paid to its executives, which is highly favorable for donor trust and resource allocation.
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 Bangor Convention And Visitors Bureau's IRS 990 filings:
- Liabilities still exceed assets in the most recent filing ($132,910 liabilities vs. $145,938 assets in 202106, though this is an improvement from prior years where the gap was larger and negative net assets were common).
Strengths
The following positive indicators were identified for Bangor Convention And Visitors Bureau:
- Consistent 0% officer compensation, indicating efficient use of funds and strong donor trust.
- Significant increase in assets from $24,710 in 202006 to $145,938 in 202106, demonstrating improved financial health.
- Positive revenue-to-expense ratio in recent periods (e.g., $202,953 revenue vs. $151,004 expenses in 202106), leading to a surplus.
Frequently Asked Questions about Bangor Convention And Visitors Bureau
Is Bangor Convention And Visitors Bureau a legitimate charity?
Bangor Convention And Visitors Bureau (EIN: 10478486) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $179K. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does Bangor Convention And Visitors Bureau spend its money?
Bangor Convention And Visitors Bureau directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bangor Convention And Visitors Bureau tax-deductible?
Bangor Convention And Visitors Bureau is registered as a tax-exempt nonprofit (EIN: 10478486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bangor Convention And Visitors Bureau's spending goes to programs?
Bangor Convention And Visitors Bureau directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bangor Convention And Visitors Bureau located?
Bangor Convention And Visitors Bureau is headquartered in Bangor, Maine and files with the IRS under EIN 10478486.
How many years of IRS 990 filings does Bangor Convention And Visitors Bureau have?
Bangor Convention And Visitors Bureau has 11 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 $179K in total revenue.
Is the Bangor Convention And Visitors Bureau financially stable?
Yes, the organization has shown improved financial stability, with assets increasing significantly from $24,710 in 202006 to $145,938 in 202106, and a positive revenue-to-expense ratio in recent periods.
Does the organization pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no executives are paid salaries or benefits.
What is the trend in the organization's assets and liabilities?
Assets have shown a positive trend, increasing from $24,710 in 202006 to $145,938 in 202106. Liabilities, while still substantial at $132,910 in 202106, have decreased from a high of $217,350 in 201206, indicating a move towards a healthier balance sheet.
Filing History
IRS 990 filing history for Bangor Convention And Visitors Bureau showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Bangor Convention And Visitors Bureau's revenue has grown by 11.2%, moving from $182K to $203K. Total assets increased by 225.8% over the same period, from $45K to $146K. Total functional expenses fell by 36.7%, from $239K to $151K. In its most recent filing year (2021), Bangor Convention And Visitors Bureau reported a surplus of $52K, with revenue exceeding expenses. The organization holds $133K in liabilities against $146K in assets (debt-to-asset ratio: 91.1%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $203K | $151K | $146K | $133K | — | — |
| 2020 | $199K | $172K | $25K | $64K | — | — |
| 2019 | $243K | $214K | $22K | $88K | — | View 990 |
| 2018 | $238K | $212K | $15K | $110K | — | View 990 |
| 2017 | $242K | $266K | $6K | $127K | — | View 990 |
| 2016 | $293K | $231K | $31K | $128K | — | View 990 |
| 2015 | $226K | $218K | $44K | $203K | — | View 990 |
| 2014 | $244K | $246K | $25K | $191K | — | View 990 |
| 2013 | $231K | $208K | $35K | $199K | — | View 990 |
| 2012 | $184K | $212K | $30K | $217K | — | View 990 |
| 2011 | $182K | $239K | $45K | $204K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $203K, expenses of $151K, and assets of $146K (revenue +2.1% year-over-year).
- 2020: Revenue of $199K, expenses of $172K, and assets of $25K (revenue -18.2% year-over-year).
- 2019: Revenue of $243K, expenses of $214K, and assets of $22K (revenue +2.1% year-over-year).
- 2018: Revenue of $238K, expenses of $212K, and assets of $15K (revenue -1.6% year-over-year).
- 2017: Revenue of $242K, expenses of $266K, and assets of $6K (revenue -17.5% year-over-year).
- 2016: Revenue of $293K, expenses of $231K, and assets of $31K (revenue +29.7% year-over-year).
- 2015: Revenue of $226K, expenses of $218K, and assets of $44K (revenue -7.5% year-over-year).
- 2014: Revenue of $244K, expenses of $246K, and assets of $25K (revenue +5.5% year-over-year).
- 2013: Revenue of $231K, expenses of $208K, and assets of $35K (revenue +25.8% year-over-year).
- 2012: Revenue of $184K, expenses of $212K, and assets of $30K (revenue +0.8% year-over-year).
- 2011: Revenue of $182K, expenses of $239K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bangor Convention And Visitors Bureau:
Data Sources and Methodology
This transparency report for Bangor Convention And Visitors Bureau 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.