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
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| Metric | Value |
|---|---|
| Total Revenue | $778K |
| Total Expenses | $487K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $10.5M |
| Transparency Score | 98/100 |
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Boothbay Region Student Aid Fund Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Boothbay Region Student Aid Fund Inc 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 Boothbay Region Student Aid Fund Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $778K and expenses of $487K.
Revenue and Expenses
Boothbay Region Student Aid Fund Inc reported $778K in revenue and $487K in expenses, a surplus of $291K.
Executive Compensation
Top officer compensation appears as $10 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
98/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Boothbay Region Student Aid Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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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 | $463K (95%) |
Across stored filings, Boothbay Region Student Aid Fund Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 95% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Education context |
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Boothbay Region Student Aid Fund Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Boothbay Region Student Aid Fund Inc is a small nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $778K |
| Total Expenses | $487K |
| Surplus / Deficit | +$291K |
| Total Assets | $10.5M |
| Net Assets | $10.5M |
| Operating Margin | 37.4% |
| Months of Reserves | 259.7 months |
Financial Health Grade: A
In 2024, Boothbay Region Student Aid Fund Inc reported a surplus of $291K with revenue exceeding expenses, holds 259.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Boothbay Region Student Aid Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +48.0% | +10.6% | +19.7% |
| 2023 | -80.3% | +4.6% | +1.6% |
| 2022 | +392.9% | +6.6% | +26.2% |
| 2021 | +40.5% | -1.9% | +28.0% |
| 2020 | -33.0% | +4.9% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1964 |
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 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $291K, with revenue exceeding expenses.
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 legitimate charity?
Boothbay Region Student Aid Fund Inc (EIN: 16019359) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 98/100. It has 13 years of IRS 990 filings on record. Total revenue: $778K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Boothbay Region Student Aid Fund Inc spend its money?
Boothbay Region Student Aid Fund Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Boothbay Region Student Aid Fund Inc tax-deductible?
Boothbay Region Student Aid Fund Inc is registered as a tax-exempt nonprofit (EIN: 16019359). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Boothbay Region Student Aid Fund Inc CEO make?
Boothbay Region Student Aid Fund Inc's highest-compensated officer earns $10 annually. The organization reported $778K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Boothbay Region Student Aid Fund Inc compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), Boothbay Region Student Aid Fund Inc is above average for NTEE category B82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boothbay Region Student Aid Fund Inc located?
Boothbay Region Student Aid Fund Inc is headquartered in Boothbay, Maine and files with the IRS under EIN 16019359. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does Boothbay Region Student Aid Fund Inc have?
Boothbay Region Student Aid Fund Inc 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 $778K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boothbay Region Student Aid Fund Inc:
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.