Bridgham College Trust Fund 100 002 Nect
Bridgham College Trust Fund consistently spends more than it earns, leading to declining assets.
EIN: 16007759 · Ellsworth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $975 |
| Program Spending | 75% |
| Net Assets | $8K |
| Transparency Score | 40/100 |
Is Bridgham College Trust Fund 100 002 Nect Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridgham College Trust Fund 100 002 Nect directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridgham College Trust Fund 100 002 Nect
Bridgham College Trust Fund 100 002 Nect (EIN: 16007759) is a nonprofit organization based in Ellsworth, ME. The organization reported total revenue of $2K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridgham College Trust Fund 100 002 Nect's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridgham College Trust Fund 100 002 Nect is a micro nonprofit that has been operating for 54 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -13.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $319 |
| Total Expenses | $975 |
| Surplus / Deficit | $-656 |
| Total Assets | $8K |
| Total Liabilities | $1 |
| Net Assets | $8K |
| Operating Margin | -205.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 100.5 months |
Financial Health Grade: B
In 2020, Bridgham College Trust Fund 100 002 Nect reported a deficit of $656 with expenses exceeding revenue, holds 100.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Bridgham College Trust Fund 100 002 Nect's revenue has declined at a compound annual growth rate (CAGR) of -13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +5.3% | +31.2% | -7.4% |
| 2019 | +293.5% | +84.4% | -14.3% |
| 2015 | -92.3% | -60.3% | -3.1% |
| 2014 | +335.7% | +47.3% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
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 Bridgham College Trust Fund 100 002 Nect with a Mission Score of 40 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Bridgham College Trust Fund 100 002 Nect allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $656, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, indicating that executive pay is not a significant financial burden for this small organization.
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 Bridgham College Trust Fund 100 002 Nect's IRS 990 filings:
- Consistent operating deficits (e.g., 202012: Revenue=$319, Expenses=$975)
- Declining assets over time (from $12,404 in 201112 to $7,688 currently)
- Unknown NTEE code, limiting understanding of programmatic focus
- Very low revenue generation (latest revenue $1,626)
Strengths
The following positive indicators were identified for Bridgham College Trust Fund 100 002 Nect:
- No officer compensation reported, indicating low executive overhead
- Consistent filing of IRS 990 forms, demonstrating transparency in reporting
Frequently Asked Questions about Bridgham College Trust Fund 100 002 Nect
Is Bridgham College Trust Fund 100 002 Nect a legitimate charity?
Bridgham College Trust Fund 100 002 Nect (EIN: 16007759) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 40/100. It has 7 years of IRS 990 filings on record. Total revenue: $2K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Bridgham College Trust Fund 100 002 Nect spend its money?
Bridgham College Trust Fund 100 002 Nect directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Bridgham College Trust Fund 100 002 Nect tax-deductible?
Bridgham College Trust Fund 100 002 Nect is registered as a tax-exempt nonprofit (EIN: 16007759). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bridgham College Trust Fund 100 002 Nect's spending goes to programs?
Bridgham College Trust Fund 100 002 Nect directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bridgham College Trust Fund 100 002 Nect located?
Bridgham College Trust Fund 100 002 Nect is headquartered in Ellsworth, Maine and files with the IRS under EIN 16007759.
How many years of IRS 990 filings does Bridgham College Trust Fund 100 002 Nect have?
Bridgham College Trust Fund 100 002 Nect has 7 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 $2K in total revenue.
What is the specific mission or program activity of Bridgham College Trust Fund?
The NTEE code is unknown, and the filings do not provide sufficient detail to understand the specific programmatic activities of the Bridgham College Trust Fund 100 002 Nect.
How does the organization plan to address its consistent operating deficits?
The filings consistently show expenses exceeding revenue (e.g., $975 expenses vs. $319 revenue in 202012), leading to a decline in assets from $12,404 in 201112 to $7,688 currently. The filings do not detail any specific plans to reverse this trend.
What is the long-term sustainability plan for an organization with declining assets?
With assets decreasing from $12,404 in 201112 to $7,688 currently, and consistent net losses, the long-term sustainability of the organization is questionable without a clear strategy for increasing revenue or reducing expenses.
Filing History
IRS 990 filing history for Bridgham College Trust Fund 100 002 Nect showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Bridgham College Trust Fund 100 002 Nect's revenue has declined by 73.9%, moving from $1K to $319. Total assets decreased by 34.2% over the same period, from $12K to $8K. Total functional expenses fell by 16.5%, from $1K to $975. In its most recent filing year (2020), Bridgham College Trust Fund 100 002 Nect reported a deficit of $656, with expenses exceeding revenue. The organization holds $1 in liabilities against $8K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $319 | $975 | $8K | $1 | — | — |
| 2019 | $303 | $743 | $9K | $0 | — | View 990 |
| 2015 | $77 | $403 | $10K | $0 | — | View 990 |
| 2014 | $1K | $1K | $11K | $0 | — | View 990 |
| 2013 | $230 | $689 | $11K | $0 | — | View 990 |
| 2012 | $-101 | $1K | $11K | $0 | — | View 990 |
| 2011 | $1K | $1K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $319, expenses of $975, and assets of $8K (revenue +5.3% year-over-year).
- 2019: Revenue of $303, expenses of $743, and assets of $9K (revenue +293.5% year-over-year).
- 2015: Revenue of $77, expenses of $403, and assets of $10K (revenue -92.3% year-over-year).
- 2014: Revenue of $1K, expenses of $1K, and assets of $11K (revenue +335.7% year-over-year).
- 2013: Revenue of $230, expenses of $689, and assets of $11K.
- 2012: Revenue of $-101, expenses of $1K, and assets of $11K (revenue -108.3% year-over-year).
- 2011: Revenue of $1K, expenses of $1K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridgham College Trust Fund 100 002 Nect:
Data Sources and Methodology
This transparency report for Bridgham College Trust Fund 100 002 Nect 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.