Beane Foundation
Beane Foundation reports $0 revenue and assets in latest filing, indicating potential inactivity or closure.
EIN: 136096278 · Saco, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $44K |
| Program Spending | 80% |
| Net Assets | $13K |
| Transparency Score | 30/100 |
Is Beane Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Beane Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Beane Foundation
Beane Foundation (EIN: 136096278) is a nonprofit organization based in Saco, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beane Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beane Foundation is a micro nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 17.1%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $44K |
| Surplus / Deficit | $-31,941 |
| Total Assets | $13K |
| Total Liabilities | $1 |
| Net Assets | $13K |
| Operating Margin | -275.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2014, Beane Foundation reported a deficit of $32K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2011–2014), Beane Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +271.0% | +375.1% | -71.7% |
| 2013 | -76.2% | +1.3% | -11.9% |
| 2012 | +82.1% | -8.7% | +8.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Beane Foundation with a Mission Score of 30 out of 100 (Poor). 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, Beane Foundation 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, which is appropriate for an organization of this size and financial standing.
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 Beane Foundation's IRS 990 filings:
- Consistent deficit spending in prior years (e.g., 2014 expenses $43,558 vs. revenue $11,617)
- Latest filing shows $0 revenue and $0 assets, suggesting inactivity or closure
- Lack of recent financial activity raises questions about ongoing operations
Strengths
The following positive indicators were identified for Beane Foundation:
- No officer compensation reported across all filings, indicating efficient use of funds in that area
Frequently Asked Questions about Beane Foundation
Is Beane Foundation a legitimate charity?
Beane Foundation (EIN: 136096278) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 30/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Beane Foundation spend its money?
Beane Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Beane Foundation tax-deductible?
Beane Foundation is registered as a tax-exempt nonprofit (EIN: 136096278). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Beane Foundation's spending goes to programs?
Beane Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Beane Foundation located?
Beane Foundation is headquartered in Saco, Maine and files with the IRS under EIN 136096278.
How many years of IRS 990 filings does Beane Foundation have?
Beane Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is the Beane Foundation still active?
Based on the latest available data showing $0 in revenue and assets, it is highly probable that the Beane Foundation is no longer active or is in the process of dissolution.
What caused the significant drop to $0 revenue and assets?
The provided data does not specify the cause, but such a drop typically indicates a cessation of operations, a failure to secure funding, or a complete distribution of assets.
Filing History
IRS 990 filing history for Beane Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Beane Foundation's revenue has grown by 60.6%, moving from $7K to $12K. Total assets decreased by 72.8% over the same period, from $46K to $13K. Total functional expenses rose by 339.4%, from $10K to $44K. In its most recent filing year (2014), Beane Foundation reported a deficit of $32K, with expenses exceeding revenue. The organization holds $1 in liabilities against $13K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $12K | $44K | $13K | $1 | — | View 990 |
| 2013 | $3K | $9K | $45K | $1 | — | View 990 |
| 2012 | $13K | $9K | $51K | $1 | — | View 990 |
| 2011 | $7K | $10K | $46K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $12K, expenses of $44K, and assets of $13K (revenue +271.0% year-over-year).
- 2013: Revenue of $3K, expenses of $9K, and assets of $45K (revenue -76.2% year-over-year).
- 2012: Revenue of $13K, expenses of $9K, and assets of $51K (revenue +82.1% year-over-year).
- 2011: Revenue of $7K, expenses of $10K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beane Foundation:
Data Sources and Methodology
This transparency report for Beane 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.