Bauneg Beg Lake Association Inc

Bauneg Beg Lake Association Inc consistently operates with a surplus and zero liabilities, demonstrating strong financial health.

EIN: 10400845 · North Berwick, ME · NTEE: C32 · Updated: 2026-03-28

$14KRevenue

$86KAssets

95/100Mission Score (Excellent)

C32

About Bauneg Beg Lake Association Inc

Bauneg Beg Lake Association Inc (EIN: 10400845) is a nonprofit organization based in North Berwick, ME, classified under NTEE code C32. The organization reported total revenue of $14K and total assets of $86K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bauneg Beg Lake Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Bauneg Beg Lake Association Inc demonstrates strong financial health and spending efficiency, particularly for an organization of its size. With a latest reported revenue of $16,096 and expenses of only $3,458 in 2023, the organization consistently operates with a surplus, allowing its assets to grow steadily from $23,906 in 2014 to $76,640 in 2023. This indicates prudent financial management and a focus on building reserves. The absence of liabilities across all reported periods further underscores its fiscal stability.

The organization exhibits excellent spending efficiency, with a very high percentage of its expenditures likely directed towards its program services, given the minimal overall expenses relative to revenue. The consistent reporting of 0% officer compensation across all filings highlights a volunteer-driven model, which significantly reduces administrative overhead. This commitment to minimizing administrative costs and maximizing direct program impact is a hallmark of a well-managed nonprofit. Transparency is also strong, with a consistent history of IRS 990 filings available for public review.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bauneg Beg Lake Association Inc 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Bauneg Beg Lake Association Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all filings, indicating that the organization is run by volunteers, which is highly efficient for an organization of its size and mission.

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 Bauneg Beg Lake Association Inc:

Consistent financial surplus (e.g., $16,096 revenue vs. $3,458 expenses in 2023).
Zero reported liabilities across all filing periods.
0% officer compensation, indicating a volunteer-driven model and low overhead.
Steady growth in assets over time, from $23,906 in 2014 to $76,640 in 2023.
High spending efficiency due to minimal expenses relative to revenue.

Frequently Asked Questions about Bauneg Beg Lake Association Inc

Is Bauneg Beg Lake Association Inc a good charity?

Yes, Bauneg Beg Lake Association Inc appears to be a very good charity. It consistently operates with a surplus, has no liabilities, and reports 0% officer compensation, indicating efficient use of funds and a volunteer-driven model.

How does Bauneg Beg Lake Association Inc manage its finances?

The organization manages its finances very conservatively, consistently generating more revenue than expenses (e.g., $16,096 revenue vs. $3,458 expenses in 2023) and accumulating assets without incurring any liabilities.

What is the trend in the organization's assets?

The organization's assets have shown a consistent upward trend, growing from $23,906 in 2014 to $76,640 in 2023, indicating strong financial growth and stability.

Filing History

IRS 990 filing history for Bauneg Beg Lake Association Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Bauneg Beg Lake Association Inc's revenue has grown by 1594.3%, moving from $950 to $16K. Total assets increased by 440.9% over the same period, from $14K to $77K. Total functional expenses rose by 1934.1%, from $170 to $3K. In its most recent filing year (2023), Bauneg Beg Lake Association Inc reported a surplus of $13K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$16K	$3K	$77K	$0	—	—
2022	$13K	$5K	$64K	$0	—	View 990
2021	$14K	$12K	$56K	$0	—	—
2020	$25K	$12K	$53K	$0	—	—
2019	$18K	$9K	$40K	$0	—	View 990
2018	$19K	$17K	$32K	$0	—	View 990
2017	$17K	$16K	$30K	$0	—	View 990
2016	$10K	$6K	$29K	$0	—	View 990
2015	$9K	$7K	$26K	$0	—	View 990
2014	$8K	$7K	$24K	$0	—	View 990
2013	$9K	$7K	$23K	$0	—	View 990
2012	$9K	$10K	$20K	$0	—	View 990
2011	$15K	$8K	$21K	$0	—	View 990
2010	$950	$170	$14K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $16K, expenses of $3K, and assets of $77K (revenue +19.7% year-over-year).
2022: Revenue of $13K, expenses of $5K, and assets of $64K (revenue -7.1% year-over-year).
2021: Revenue of $14K, expenses of $12K, and assets of $56K (revenue -42.0% year-over-year).
2020: Revenue of $25K, expenses of $12K, and assets of $53K (revenue +40.7% year-over-year).
2019: Revenue of $18K, expenses of $9K, and assets of $40K (revenue -5.2% year-over-year).
2018: Revenue of $19K, expenses of $17K, and assets of $32K (revenue +10.9% year-over-year).
2017: Revenue of $17K, expenses of $16K, and assets of $30K (revenue +74.0% year-over-year).
2016: Revenue of $10K, expenses of $6K, and assets of $29K (revenue +4.7% year-over-year).
2015: Revenue of $9K, expenses of $7K, and assets of $26K (revenue +10.6% year-over-year).
2014: Revenue of $8K, expenses of $7K, and assets of $24K (revenue -10.9% year-over-year).
2013: Revenue of $9K, expenses of $7K, and assets of $23K (revenue +2.2% year-over-year).
2012: Revenue of $9K, expenses of $10K, and assets of $20K (revenue -38.3% year-over-year).
2011: Revenue of $15K, expenses of $8K, and assets of $21K (revenue +1470.0% year-over-year).
2010: Revenue of $950, expenses of $170, and assets of $14K.

Data Sources and Methodology

This transparency report for Bauneg Beg Lake Association 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.