Brunswick Development Corporation
Brunswick Development Corporation reported a significant operating deficit in its last filing, with $14,032 in revenue against $41,998 in expenses.
EIN: 10498822 · Brunswick, ME · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $42K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 45/100 |
Is Brunswick Development Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brunswick Development Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Brunswick Development Corporation
Brunswick Development Corporation (EIN: 10498822) is a nonprofit organization based in Brunswick, ME, classified under NTEE code S30. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brunswick Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brunswick Development Corporation is a micro nonprofit that has been operating for 9 years.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $42K |
| Surplus / Deficit | $-27,966 |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | -199.3% |
| Months of Reserves | 286.5 months |
Financial Health Grade: B
In 2017, Brunswick Development Corporation reported a deficit of $28K with expenses exceeding revenue, holds 286.5 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Development Corporation with a Mission Score of 45 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Brunswick Development Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
Executive Compensation Analysis
No officer compensation was reported in the 201706 filing, suggesting a volunteer-led organization or one with very low overhead for executive roles relative to its asset base of over $1 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.
Red Flags
The following concerns were identified during AI analysis of Brunswick Development Corporation's IRS 990 filings:
- Significant operating deficit in the last reported period ($14,032 revenue vs. $41,998 expenses).
- Latest reported revenue and assets are $0, raising concerns about current operational status.
- Lack of recent financial data makes current financial health assessment difficult.
Strengths
The following positive indicators were identified for Brunswick Development Corporation:
- No reported officer compensation, indicating lean executive overhead.
- Substantial asset base ($1,002,805 in 201706) could provide a buffer if managed effectively.
Frequently Asked Questions about Brunswick Development Corporation
Is Brunswick Development Corporation a legitimate charity?
Brunswick Development Corporation (EIN: 10498822) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 45/100. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Brunswick Development Corporation spend its money?
Brunswick Development Corporation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Brunswick Development Corporation tax-deductible?
Brunswick Development Corporation is registered as a tax-exempt nonprofit (EIN: 10498822). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brunswick Development Corporation CEO make?
Brunswick Development Corporation's highest-compensated officer earns $1 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brunswick Development Corporation's spending goes to programs?
Brunswick Development Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Brunswick Development Corporation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Brunswick Development Corporation is near average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brunswick Development Corporation located?
Brunswick Development Corporation is headquartered in Brunswick, Maine and files with the IRS under EIN 10498822. It is classified under NTEE code S30.
Is Brunswick Development Corporation still active given its $0 latest revenue and assets?
The latest available data shows $0 in revenue and assets, which could indicate inactivity or a significant change since the 201706 filing. Further investigation into more recent activities or filings would be necessary to confirm its current operational status.
How does Brunswick Development Corporation fund its operations if revenue is consistently low?
In the 201706 period, expenses significantly outpaced revenue. If this trend continued, the organization would be drawing down on its assets or relying on other unreported funding sources. The current $0 revenue and assets suggest a potential cessation of operations or a significant restructuring.
What are the specific programs Brunswick Development Corporation supports?
The NTEE code S30 indicates Community Development Corporations, implying programs related to local economic or community improvement. However, the 990 filing does not provide specific program details, only overall expense figures.
Filing History
IRS 990 filing history for Brunswick Development Corporation showing financial trends over 1 year of public records:
In its most recent filing year (2017), Brunswick Development Corporation reported a deficit of $28K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $14K | $42K | $1.0M | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brunswick Development Corporation:
Data Sources and Methodology
This transparency report for Brunswick Development Corporation 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.