Brunswick Area Student Aid Fund
Brunswick Area Student Aid Fund maintains strong asset growth and zero officer compensation.
EIN: 16014861 · Brunswick, ME · NTEE: B28Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $540K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $6.8M |
| Transparency Score | 95/100 |
Is Brunswick Area Student Aid Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brunswick Area Student Aid Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brunswick Area Student Aid Fund
Brunswick Area Student Aid Fund (EIN: 16014861) is a nonprofit organization based in Brunswick, ME, classified under NTEE code B28Z. The organization reported total revenue of $1.1M and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brunswick Area Student Aid Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brunswick Area Student Aid Fund is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $582K |
| Total Expenses | $540K |
| Surplus / Deficit | +$41K |
| Total Assets | $6.8M |
| Net Assets | $6.8M |
| Operating Margin | 7.1% |
| Months of Reserves | 151.8 months |
Financial Health Grade: A
In 2023, Brunswick Area Student Aid Fund reported a surplus of $41K with revenue exceeding expenses, holds 151.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Brunswick Area Student Aid Fund's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.4% | +20.5% | +5.7% |
| 2022 | +28.2% | +2.4% | -10.2% |
| 2021 | +9.2% | +2.7% | +25.7% |
| 2020 | -59.0% | +3.6% | -3.2% |
| 2019 | +151.3% | +4.1% | +18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Brunswick Area Student Aid Fund with a Mission Score of 95 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, Brunswick Area Student Aid Fund 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $41K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with assets exceeding $8 million.
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 Brunswick Area Student Aid Fund:
- Consistent asset growth, from $4.3M in 2014 to $8.3M currently, demonstrating strong financial health.
- Zero liabilities reported across all filings, indicating exceptional financial stability.
- 0% officer compensation reported for all periods, highlighting a volunteer-driven leadership and efficient use of funds.
- Consistent filing of IRS Form 990s over 13 periods, showing strong transparency and accountability.
- Strong program focus implied by the absence of officer compensation, maximizing resources for student aid.
Frequently Asked Questions about Brunswick Area Student Aid Fund
Is Brunswick Area Student Aid Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Brunswick Area Student Aid Fund (EIN: 16014861) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Brunswick Area Student Aid Fund spend its money?
Brunswick Area Student Aid Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brunswick Area Student Aid Fund tax-deductible?
Brunswick Area Student Aid Fund is registered as a tax-exempt nonprofit (EIN: 16014861). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brunswick Area Student Aid Fund CEO make?
Brunswick Area Student Aid Fund's highest-compensated officer earns $8 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Brunswick Area Student Aid Fund compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Brunswick Area Student Aid Fund is above average for NTEE category B28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brunswick Area Student Aid Fund located?
Brunswick Area Student Aid Fund is headquartered in Brunswick, Maine and files with the IRS under EIN 16014861. It is classified under NTEE code B28Z.
How many years of IRS 990 filings does Brunswick Area Student Aid Fund have?
Brunswick Area Student Aid Fund 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 $1.1M in total revenue.
Is Brunswick Area Student Aid Fund a good charity?
Based on the provided data, Brunswick Area Student Aid Fund appears to be an excellent charity. It demonstrates strong financial health with growing assets, zero liabilities, and a remarkable commitment to its mission by operating with 0% officer compensation, ensuring funds are directed to student aid.
How does Brunswick Area Student Aid Fund manage its finances?
The organization manages its finances very conservatively and effectively. It consistently grows its assets (from $4.3M in 2014 to $8.3M currently) while maintaining zero liabilities, indicating sound investment and fiscal responsibility. Expenses are kept low relative to revenue, and all leadership compensation is volunteer-based.
What is the trend in Brunswick Area Student Aid Fund's assets?
Brunswick Area Student Aid Fund has shown a consistent and strong upward trend in its assets, growing from $4,306,281 in 2014 to $8,369,320 currently. This nearly doubling of assets over a decade indicates robust financial management and successful endowment growth.
Filing History
IRS 990 filing history for Brunswick Area Student Aid Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brunswick Area Student Aid Fund's revenue has grown by 222.8%, moving from $180K to $582K. Total assets increased by 330.7% over the same period, from $1.6M to $6.8M. Total functional expenses rose by 163.8%, from $205K to $540K. In its most recent filing year (2023), Brunswick Area Student Aid Fund reported a surplus of $41K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $582K | $540K | $6.8M | $0 | — | — |
| 2022 | $635K | $449K | $6.5M | $0 | — | View 990 |
| 2021 | $495K | $438K | $7.2M | $0 | — | — |
| 2020 | $453K | $427K | $5.7M | $0 | — | View 990 |
| 2019 | $1.1M | $412K | $5.9M | $0 | — | View 990 |
| 2018 | $440K | $395K | $5.0M | $0 | — | — |
| 2017 | $484K | $395K | $4.8M | $0 | — | View 990 |
| 2016 | $424K | $397K | $4.5M | $0 | — | View 990 |
| 2015 | $637K | $353K | $4.5M | $0 | — | View 990 |
| 2014 | $387K | $310K | $4.3M | $0 | — | View 990 |
| 2013 | $2.3M | $263K | $3.8M | $0 | — | View 990 |
| 2012 | $299K | $236K | $1.6M | $0 | — | View 990 |
| 2011 | $180K | $205K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $582K, expenses of $540K, and assets of $6.8M (revenue -8.4% year-over-year).
- 2022: Revenue of $635K, expenses of $449K, and assets of $6.5M (revenue +28.2% year-over-year).
- 2021: Revenue of $495K, expenses of $438K, and assets of $7.2M (revenue +9.2% year-over-year).
- 2020: Revenue of $453K, expenses of $427K, and assets of $5.7M (revenue -59.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $412K, and assets of $5.9M (revenue +151.3% year-over-year).
- 2018: Revenue of $440K, expenses of $395K, and assets of $5.0M (revenue -9.0% year-over-year).
- 2017: Revenue of $484K, expenses of $395K, and assets of $4.8M (revenue +14.1% year-over-year).
- 2016: Revenue of $424K, expenses of $397K, and assets of $4.5M (revenue -33.4% year-over-year).
- 2015: Revenue of $637K, expenses of $353K, and assets of $4.5M (revenue +64.7% year-over-year).
- 2014: Revenue of $387K, expenses of $310K, and assets of $4.3M (revenue -83.4% year-over-year).
- 2013: Revenue of $2.3M, expenses of $263K, and assets of $3.8M (revenue +677.9% year-over-year).
- 2012: Revenue of $299K, expenses of $236K, and assets of $1.6M (revenue +65.8% year-over-year).
- 2011: Revenue of $180K, expenses of $205K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brunswick Area Student Aid Fund:
Data Sources and Methodology
This transparency report for Brunswick Area Student Aid Fund 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.