Boothbay Region Student Aid Fund Inc

Boothbay Region Student Aid Fund Inc maintains strong financial health with zero officer compensation and growing assets.

EIN: 16019359 · Boothbay, ME · NTEE: B82Z · Updated: 2026-03-28

$778KRevenue

$11.7MAssets

98/100Mission Score (Excellent)

B82Z

About Boothbay Region Student Aid Fund Inc

Boothbay Region Student Aid Fund Inc (EIN: 16019359) is a nonprofit organization based in Boothbay, ME, classified under NTEE code B82Z. The organization reported total revenue of $778K and total assets of $11.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boothbay Region Student Aid Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Boothbay Region Student Aid Fund Inc demonstrates strong financial health and a clear commitment to its mission of providing student aid. With assets growing consistently, reaching $10,547,388 in the latest filing period (202405), the organization has a robust financial foundation. Its revenue streams, while fluctuating, have generally outpaced expenses, allowing for significant asset accumulation over time. For instance, in 202405, revenue was $777,975 against expenses of $487,301, indicating a healthy surplus.

The organization exhibits excellent spending efficiency, as evidenced by its consistent reporting of 0% officer compensation across all available filings. This suggests that administrative costs are kept very low, allowing a greater proportion of funds to be directed towards program services. The absence of liabilities in recent years (202405, 202305, 202205) further underscores sound financial management and a lack of debt burden.

In terms of transparency, the consistent filing of IRS Form 990s over many years (13 filings) indicates a commitment to public disclosure. The detailed financial data provided in these filings allows for a clear understanding of the organization's financial activities. The lack of executive compensation is a significant positive indicator of a volunteer-driven or highly efficient operational model, which enhances trust and transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Boothbay Region Student Aid Fund Inc with a Mission Score of 98 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Boothbay Region Student Aid Fund Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization operates without paid officers or that officers are volunteers, which is highly commendable for an organization of its size with over $10 million in assets.

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 Boothbay Region Student Aid Fund Inc:

Consistent 0% officer compensation, indicating high efficiency and volunteer commitment.
Strong and consistent growth in assets, reaching over $10 million in 202405.
Healthy financial surpluses in most recent periods (e.g., 202405 revenue $777,975 vs. expenses $487,301).
Absence of liabilities in recent filings (202405, 202305, 202205), indicating sound financial management.
Long history of consistent IRS 990 filings, demonstrating transparency.

Frequently Asked Questions about Boothbay Region Student Aid Fund Inc

Is Boothbay Region Student Aid Fund Inc a good charity?

Yes, based on the available IRS 990 data, Boothbay Region Student Aid Fund Inc appears to be an excellent charity, demonstrating strong financial health, efficient spending with 0% officer compensation, and consistent asset growth to support its mission.

How has the organization's asset base changed over time?

The organization's assets have shown consistent and significant growth, increasing from $3,780,072 in 201505 to $10,547,388 in 202405, indicating strong financial management and successful fundraising/investment strategies.

What is the trend in revenue versus expenses?

Generally, revenue has exceeded expenses in most periods, allowing for asset accumulation. For example, in 202405, revenue was $777,975 against expenses of $487,301. There was a notable spike in revenue in 202205 ($2,669,575) which significantly boosted assets.

Filing History

IRS 990 filing history for Boothbay Region Student Aid Fund Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Boothbay Region Student Aid Fund Inc's revenue has grown by 339.2%, moving from $177K to $778K. Total assets increased by 258.4% over the same period, from $2.9M to $10.5M. Total functional expenses rose by 135%, from $207K to $487K. In its most recent filing year (2024), Boothbay Region Student Aid Fund Inc reported a surplus of $291K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$778K	$487K	$10.5M	$0	—	View 990
2023	$526K	$440K	$8.8M	$0	—	View 990
2022	$2.7M	$421K	$8.7M	$0	—	View 990
2021	$542K	$395K	$6.9M	$0	—	View 990
2020	$386K	$403K	$5.4M	$0	—	View 990
2019	$576K	$384K	$5.1M	$0	—	View 990
2018	$540K	$423K	$5.0M	$29K	—	—
2017	$364K	$357K	$4.7M	$20K	—	View 990
2016	$273K	$342K	$3.7M	$33K	—	View 990
2015	$320K	$244K	$3.8M	$0	—	View 990
2014	$366K	$243K	$3.7M	$0	—	View 990
2013	$834K	$196K	$3.6M	$0	—	View 990
2012	$177K	$207K	$2.9M	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $778K, expenses of $487K, and assets of $10.5M (revenue +48.0% year-over-year).
2023: Revenue of $526K, expenses of $440K, and assets of $8.8M (revenue -80.3% year-over-year).
2022: Revenue of $2.7M, expenses of $421K, and assets of $8.7M (revenue +392.9% year-over-year).
2021: Revenue of $542K, expenses of $395K, and assets of $6.9M (revenue +40.5% year-over-year).
2020: Revenue of $386K, expenses of $403K, and assets of $5.4M (revenue -33.0% year-over-year).
2019: Revenue of $576K, expenses of $384K, and assets of $5.1M (revenue +6.6% year-over-year).
2018: Revenue of $540K, expenses of $423K, and assets of $5.0M (revenue +48.4% year-over-year).
2017: Revenue of $364K, expenses of $357K, and assets of $4.7M (revenue +33.1% year-over-year).
2016: Revenue of $273K, expenses of $342K, and assets of $3.7M (revenue -14.5% year-over-year).
2015: Revenue of $320K, expenses of $244K, and assets of $3.8M (revenue -12.8% year-over-year).
2014: Revenue of $366K, expenses of $243K, and assets of $3.7M (revenue -56.1% year-over-year).
2013: Revenue of $834K, expenses of $196K, and assets of $3.6M (revenue +371.0% year-over-year).
2012: Revenue of $177K, expenses of $207K, and assets of $2.9M.

Data Sources and Methodology

This transparency report for Boothbay Region Student Aid Fund 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.