Billy Weiss Memorial Foundation
Billy Weiss Memorial Foundation faces consistent deficit spending and declining assets over the past decade.
EIN: 10526972 · Rockland, ME · NTEE: T99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23K |
| Total Expenses | $16K |
| Program Spending | 70% |
| Net Assets | $233K |
| Transparency Score | 65/100 |
Is Billy Weiss Memorial Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Billy Weiss Memorial Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Billy Weiss Memorial Foundation
Billy Weiss Memorial Foundation (EIN: 10526972) is a nonprofit organization based in Rockland, ME, classified under NTEE code T99. The organization reported total revenue of $23K and total assets of $248K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Billy Weiss Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Billy Weiss Memorial Foundation is a micro nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $16K |
| Surplus / Deficit | $-3,574 |
| Total Assets | $233K |
| Total Liabilities | $1 |
| Net Assets | $233K |
| Operating Margin | -29.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 179.6 months |
Financial Health Grade: B
In 2023, Billy Weiss Memorial Foundation reported a deficit of $4K with expenses exceeding revenue, holds 179.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Billy Weiss Memorial Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.1% | -11.5% | -1.5% |
| 2020 | -229.2% | +5.4% | -7.1% |
| 2019 | -82.6% | -10.6% | -13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Billy Weiss Memorial Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Billy Weiss Memorial Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that no officers or executives receive salaries from the foundation, which is a strong positive for lean administrative costs.
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 Billy Weiss Memorial Foundation's IRS 990 filings:
- Consistent deficit spending, with expenses exceeding revenue in most reported periods (e.g., 2023, 2022, 2021, 2020, 2019, 2015, 2011).
- Significant decline in total assets over the past decade, from $310,905 in 2011 to $232,675 in 2023.
- Negative revenue reported in multiple years (e.g., -$15,154 in 2021 and -$3,279 in 2020), indicating significant financial challenges.
Strengths
The following positive indicators were identified for Billy Weiss Memorial Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds by not paying executive salaries.
- Low liabilities, consistently reported as $0 or $1, suggesting good management of debt.
Frequently Asked Questions about Billy Weiss Memorial Foundation
Is Billy Weiss Memorial Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Billy Weiss Memorial Foundation (EIN: 10526972) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Billy Weiss Memorial Foundation spend its money?
Billy Weiss Memorial Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Billy Weiss Memorial Foundation tax-deductible?
Billy Weiss Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 10526972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Billy Weiss Memorial Foundation's spending goes to programs?
Billy Weiss Memorial Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Billy Weiss Memorial Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Billy Weiss Memorial Foundation is above average for NTEE category T99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Billy Weiss Memorial Foundation located?
Billy Weiss Memorial Foundation is headquartered in Rockland, Maine and files with the IRS under EIN 10526972. It is classified under NTEE code T99.
How many years of IRS 990 filings does Billy Weiss Memorial Foundation have?
Billy Weiss Memorial Foundation has 10 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 $23K in total revenue.
Is the Billy Weiss Memorial Foundation financially sustainable given its consistent deficit spending?
The foundation has consistently spent more than it has brought in, leading to a decline in assets from $310,905 in 2011 to $232,675 in 2023. This trend suggests potential long-term sustainability challenges if not addressed.
What is the primary cause of the asset decline?
The asset decline appears to be primarily driven by expenses consistently exceeding revenue. For example, in 2023, expenses were $15,545 while revenue was $11,971, resulting in a net loss that reduced assets.
How does the lack of officer compensation impact the organization's financial health?
The 0% officer compensation is a positive indicator of low overhead in terms of executive salaries, meaning more of the organization's funds are available for other expenses or programs. However, it doesn't fully offset the overall deficit spending.
Filing History
IRS 990 filing history for Billy Weiss Memorial Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Billy Weiss Memorial Foundation's revenue has declined by 22.5%, moving from $15K to $12K. Total assets decreased by 25.2% over the same period, from $311K to $233K. Total functional expenses fell by 25.4%, from $21K to $16K. In its most recent filing year (2023), Billy Weiss Memorial Foundation reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $233K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $233K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $16K | $233K | $1 | — | — |
| 2022 | $11K | $18K | $236K | $1 | — | View 990 |
| 2021 | $-15,154 | $16K | $243K | $1 | — | — |
| 2020 | $-3,279 | $18K | $274K | $1 | — | — |
| 2019 | $3K | $17K | $295K | $1 | — | View 990 |
| 2015 | $15K | $19K | $343K | $0 | — | View 990 |
| 2014 | $26K | $18K | $347K | $0 | — | View 990 |
| 2013 | $47K | $21K | $338K | $0 | — | View 990 |
| 2012 | $23K | $21K | $313K | $1 | — | View 990 |
| 2011 | $15K | $21K | $311K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $16K, and assets of $233K (revenue +13.1% year-over-year).
- 2022: Revenue of $11K, expenses of $18K, and assets of $236K.
- 2021: Revenue of $-15,154, expenses of $16K, and assets of $243K.
- 2020: Revenue of $-3,279, expenses of $18K, and assets of $274K (revenue -229.2% year-over-year).
- 2019: Revenue of $3K, expenses of $17K, and assets of $295K (revenue -82.6% year-over-year).
- 2015: Revenue of $15K, expenses of $19K, and assets of $343K (revenue -44.7% year-over-year).
- 2014: Revenue of $26K, expenses of $18K, and assets of $347K (revenue -43.7% year-over-year).
- 2013: Revenue of $47K, expenses of $21K, and assets of $338K (revenue +103.1% year-over-year).
- 2012: Revenue of $23K, expenses of $21K, and assets of $313K (revenue +49.3% year-over-year).
- 2011: Revenue of $15K, expenses of $21K, and assets of $311K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Billy Weiss Memorial Foundation:
Data Sources and Methodology
This transparency report for Billy Weiss Memorial 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.