Belgrade Lakes Association
Belgrade Lakes Association consistently grows assets with zero reported officer compensation.
EIN: 10377308 · Belgrade Lks, ME · Updated: 2026-03-28
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Belgrade Lakes Association is mapped to EIN 10377308.
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13 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $774K |
| Total Expenses | $165K |
| Program Spending | 85% |
| Net Assets | $783K |
| Transparency Score | 90/100 |
Search Intent Cockpit
Belgrade Lakes Association Form 990, Revenue, CEO Pay, and IRS Filing Signals
Belgrade Lakes Association is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Belgrade Lakes Association in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $283K and expenses of $165K.
Revenue and Expenses
Belgrade Lakes Association reported $283K in revenue and $165K in expenses, a surplus of $118K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Belgrade Lakes Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $140K (85%) |
Across stored filings, Belgrade Lakes Association shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
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Belgrade Lks, ME nonprofitsFollow the Money
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Belgrade Lakes Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Belgrade Lakes Association
Belgrade Lakes Association (EIN: 10377308) is a nonprofit organization based in Belgrade Lks, ME. The organization reported total revenue of $774K and total assets of $875K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belgrade Lakes Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belgrade Lakes Association is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $283K |
| Total Expenses | $165K |
| Surplus / Deficit | +$118K |
| Total Assets | $783K |
| Total Liabilities | $196 |
| Net Assets | $783K |
| Operating Margin | 41.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 57.0 months |
Financial Health Grade: A
In 2023, Belgrade Lakes Association reported a surplus of $118K with revenue exceeding expenses, holds 57.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Belgrade Lakes Association's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.1% | +0.9% | +17.7% |
| 2022 | -9.1% | -26.9% | +17.4% |
| 2021 | +44.7% | -10.5% | +13.0% |
| 2020 | +0.9% | +0.6% | -9.1% |
| 2019 | -19.5% | +6.7% | -8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1981 |
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 Belgrade Lakes Association with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Belgrade Lakes Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $118K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient and maximizes funds available 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.
Strengths
The following positive indicators were identified for Belgrade Lakes Association:
- Zero reported officer compensation, maximizing funds for mission.
- Consistent asset growth, from $308,408 in 2014 to $783,213 in 2023.
- Revenues consistently exceeding expenses in recent years (e.g., 2023 revenue $283,359 vs. expenses $165,027).
- Very low liabilities across all filing periods, indicating strong financial management.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency.
Frequently Asked Questions about Belgrade Lakes Association
Is Belgrade Lakes Association a legitimate charity?
Belgrade Lakes Association (EIN: 10377308) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $774K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Belgrade Lakes Association spend its money?
Belgrade Lakes Association directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Belgrade Lakes Association tax-deductible?
Belgrade Lakes Association is registered as a tax-exempt nonprofit (EIN: 10377308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Belgrade Lakes Association's spending goes to programs?
Belgrade Lakes Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Belgrade Lakes Association located?
Belgrade Lakes Association is headquartered in Belgrade Lks, Maine and files with the IRS under EIN 10377308.
How many years of IRS 990 filings does Belgrade Lakes Association have?
Belgrade Lakes Association has 13 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 $774K in total revenue.
Is Belgrade Lakes Association a good charity?
Based on the provided financial data, Belgrade Lakes Association appears to be a very good charity. It consistently manages its finances well, grows its assets, and reports no officer compensation, suggesting a strong commitment to its mission and efficient use of donor funds.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth, with assets increasing from $308,408 in 2014 to $783,213 in 2023. Revenues have generally outpaced expenses, particularly in recent years (e.g., 2023 revenue of $283,359 vs. expenses of $165,027), indicating improving financial stability.
What is the organization's approach to executive compensation?
The Belgrade Lakes Association reports 0% officer compensation in all available filings, indicating that its executive leadership operates on a volunteer basis, which is a highly efficient model for a nonprofit.
Filing History
IRS 990 filing history for Belgrade Lakes Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Belgrade Lakes Association's revenue has grown by 137.3%, moving from $119K to $283K. Total assets increased by 217.9% over the same period, from $246K to $783K. Total functional expenses rose by 80.7%, from $91K to $165K. In its most recent filing year (2023), Belgrade Lakes Association reported a surplus of $118K, with revenue exceeding expenses. The organization holds $196 in liabilities against $783K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $783K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $283K | $165K | $783K | $196 | — | View 990 |
| 2022 | $262K | $164K | $665K | $777 | — | — |
| 2021 | $288K | $224K | $567K | $766 | — | — |
| 2020 | $199K | $250K | $502K | $201 | — | View 990 |
| 2019 | $197K | $248K | $552K | $8 | — | View 990 |
| 2018 | $245K | $233K | $603K | $358 | — | View 990 |
| 2017 | $194K | $198K | $591K | $780 | — | — |
| 2016 | $328K | $162K | $598K | $4K | — | View 990 |
| 2015 | $328K | $209K | $431K | $3K | — | View 990 |
| 2014 | $243K | $203K | $308K | $213 | — | View 990 |
| 2013 | $304K | $259K | $292K | $25K | — | View 990 |
| 2012 | $333K | $277K | $272K | $45K | — | View 990 |
| 2011 | $119K | $91K | $246K | $60K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $283K, expenses of $165K, and assets of $783K (revenue +8.1% year-over-year).
- 2022: Revenue of $262K, expenses of $164K, and assets of $665K (revenue -9.1% year-over-year).
- 2021: Revenue of $288K, expenses of $224K, and assets of $567K (revenue +44.7% year-over-year).
- 2020: Revenue of $199K, expenses of $250K, and assets of $502K (revenue +0.9% year-over-year).
- 2019: Revenue of $197K, expenses of $248K, and assets of $552K (revenue -19.5% year-over-year).
- 2018: Revenue of $245K, expenses of $233K, and assets of $603K (revenue +26.2% year-over-year).
- 2017: Revenue of $194K, expenses of $198K, and assets of $591K (revenue -40.8% year-over-year).
- 2016: Revenue of $328K, expenses of $162K, and assets of $598K (revenue +-0.0% year-over-year).
- 2015: Revenue of $328K, expenses of $209K, and assets of $431K (revenue +34.9% year-over-year).
- 2014: Revenue of $243K, expenses of $203K, and assets of $308K (revenue -19.9% year-over-year).
- 2013: Revenue of $304K, expenses of $259K, and assets of $292K (revenue -8.7% year-over-year).
- 2012: Revenue of $333K, expenses of $277K, and assets of $272K (revenue +178.5% year-over-year).
- 2011: Revenue of $119K, expenses of $91K, and assets of $246K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belgrade Lakes Association:
Data Sources and Methodology
This transparency report for Belgrade Lakes Association 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.