Bonnell Cove Foundation
Bonnell Cove Foundation maintains strong asset base despite recent minor operating deficits.
EIN: 133556721 · Camden, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Total Expenses | $106K |
| Program Spending | 80% |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Bonnell Cove Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Bonnell Cove Foundation 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 Bonnell Cove Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $103K and expenses of $106K.
Revenue and Expenses
Bonnell Cove Foundation reported $103K in revenue and $106K in expenses, a deficit of $3K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Bonnell Cove Foundation Legit?
Some Concerns
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 | $85K (80%) |
Across stored filings, Bonnell Cove Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Camden, ME nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
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Donation Decision Flow
From Trust Check to Better Alternatives
Verify
Some Concerns. Check deductibility, filings, and red flags.
2Understand money
80% of spending goes to programs.
3Compare
Benchmark against Maine Composite Materials Applied Technology Development Center.
4Decide
Build a shortlist, compare alternatives, and review the latest filing before giving.
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Keep the Investigation Moving
Bonnell Cove Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bonnell Cove Foundation
Bonnell Cove Foundation (EIN: 133556721) is a nonprofit organization based in Camden, ME. The organization reported total revenue of $89K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bonnell Cove Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bonnell Cove Foundation is a micro nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $106K |
| Surplus / Deficit | $-3,074 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 164.5 months |
Financial Health Grade: B
In 2023, Bonnell Cove Foundation reported a deficit of $3K with expenses exceeding revenue, holds 164.5 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), Bonnell Cove Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.1% | +8.8% | +9.9% |
| 2022 | +0.1% | +32.3% | -15.0% |
| 2021 | +61.0% | -4.9% | +14.5% |
| 2020 | +6.7% | -9.6% | +7.3% |
| 2019 | -83.7% | +4.7% | +17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1990 |
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 Bonnell Cove Foundation 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, Bonnell Cove 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Bonnell Cove Foundation consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly favorable for resource allocation to its 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.
Red Flags
The following concerns were identified during AI analysis of Bonnell Cove Foundation's IRS 990 filings:
- Expenses exceeded revenue in 2022 and 2023, indicating minor operating deficits ($5,657 and $3,074 respectively).
Strengths
The following positive indicators were identified for Bonnell Cove Foundation:
- Strong and growing asset base, currently at $1,594,483, providing long-term stability.
- Consistently reports 0% officer compensation, ensuring resources are directed to the mission.
- Minimal liabilities ($1 across all filings) indicates excellent debt management.
- Consistent IRS 990 filing history demonstrates good transparency and compliance.
- Significant asset growth over the decade, from $840,721 in 2011 to $1,594,483 currently.
Frequently Asked Questions about Bonnell Cove Foundation
Is Bonnell Cove Foundation a legitimate charity?
Bonnell Cove Foundation (EIN: 133556721) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $89K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Bonnell Cove Foundation spend its money?
Bonnell Cove Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bonnell Cove Foundation tax-deductible?
Bonnell Cove Foundation is registered as a tax-exempt nonprofit (EIN: 133556721). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bonnell Cove Foundation's spending goes to programs?
Bonnell Cove Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bonnell Cove Foundation located?
Bonnell Cove Foundation is headquartered in Camden, Maine and files with the IRS under EIN 133556721.
How many years of IRS 990 filings does Bonnell Cove Foundation have?
Bonnell Cove 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 $89K in total revenue.
Is Bonnell Cove Foundation financially stable?
Yes, the Bonnell Cove Foundation is financially stable, evidenced by its substantial assets of $1,594,483 and minimal liabilities of $1 across all reported periods, despite minor operating deficits in the last two years.
Does Bonnell Cove Foundation pay its officers?
No, the Bonnell Cove Foundation consistently reports 0% officer compensation in all available IRS 990 filings.
How has Bonnell Cove Foundation's revenue trended?
The foundation's revenue has fluctuated, with a peak of $326,900 in 2015, but has generally been in the range of $50,000 to $100,000 in recent years, with the latest reported revenue at $102,658 in 2023.
Filing History
IRS 990 filing history for Bonnell Cove Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bonnell Cove Foundation's revenue has declined by 23.1%, moving from $133K to $103K. Total assets increased by 72.5% over the same period, from $841K to $1.4M. Total functional expenses rose by 94.1%, from $54K to $106K. In its most recent filing year (2023), Bonnell Cove Foundation reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $106K | $1.4M | $1 | — | — |
| 2022 | $92K | $97K | $1.3M | $1 | — | — |
| 2021 | $91K | $73K | $1.6M | $1 | — | View 990 |
| 2020 | $57K | $77K | $1.4M | $1 | — | — |
| 2019 | $53K | $86K | $1.3M | $1 | — | View 990 |
| 2015 | $327K | $82K | $1.1M | $1 | — | View 990 |
| 2014 | $86K | $70K | $1.1M | $1 | — | View 990 |
| 2013 | $82K | $49K | $1.1M | $1 | — | View 990 |
| 2012 | $71K | $42K | $930K | $1 | — | View 990 |
| 2011 | $133K | $54K | $841K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $106K, and assets of $1.4M (revenue +12.1% year-over-year).
- 2022: Revenue of $92K, expenses of $97K, and assets of $1.3M (revenue +0.1% year-over-year).
- 2021: Revenue of $91K, expenses of $73K, and assets of $1.6M (revenue +61.0% year-over-year).
- 2020: Revenue of $57K, expenses of $77K, and assets of $1.4M (revenue +6.7% year-over-year).
- 2019: Revenue of $53K, expenses of $86K, and assets of $1.3M (revenue -83.7% year-over-year).
- 2015: Revenue of $327K, expenses of $82K, and assets of $1.1M (revenue +280.8% year-over-year).
- 2014: Revenue of $86K, expenses of $70K, and assets of $1.1M (revenue +5.0% year-over-year).
- 2013: Revenue of $82K, expenses of $49K, and assets of $1.1M (revenue +15.8% year-over-year).
- 2012: Revenue of $71K, expenses of $42K, and assets of $930K (revenue -47.1% year-over-year).
- 2011: Revenue of $133K, expenses of $54K, and assets of $841K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bonnell Cove Foundation:
Data Sources and Methodology
This transparency report for Bonnell Cove 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.