Cape Elizabeth Education Foundation
Cape Elizabeth Education Foundation maintains stable finances with volunteer leadership and growing assets.
EIN: 10543105 · Cape Elizabeth, ME · NTEE: B122 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $174K |
| Total Expenses | $117K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $804K |
| Transparency Score | 92/100 |
Is Cape Elizabeth Education Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cape Elizabeth Education Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cape Elizabeth Education Foundation
Cape Elizabeth Education Foundation (EIN: 10543105) is a nonprofit organization based in Cape Elizabeth, ME, classified under NTEE code B122. The organization reported total revenue of $174K and total assets of $985K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cape Elizabeth Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cape Elizabeth Education Foundation is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $117K |
| Surplus / Deficit | +$4K |
| Total Assets | $889K |
| Total Liabilities | $85K |
| Net Assets | $804K |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 9.6% |
| Months of Reserves | 91.5 months |
Financial Health Grade: A
In 2023, Cape Elizabeth Education Foundation reported a surplus of $4K with revenue exceeding expenses, holds 91.5 months of operating reserves (strong position), has a debt-to-asset ratio of 9.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cape Elizabeth Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | -7.0% | +7.4% |
| 2022 | +27.4% | +100.4% | -6.3% |
| 2021 | +40.4% | +0.6% | +27.8% |
| 2020 | -55.1% | -61.4% | -10.5% |
| 2019 | -25.3% | +30.6% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
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 Cape Elizabeth Education Foundation with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Cape Elizabeth Education Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.6%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This is highly commendable for an organization with nearly $1 million in assets and annual revenues exceeding $100,000, as it maximizes the funds available for program delivery.
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 Cape Elizabeth Education Foundation:
- Consistent 0% officer compensation, indicating high efficiency and volunteer leadership.
- Steady growth in assets, from $638,046 in 201406 to $888,820 in 202306, demonstrating financial stability.
- Long and consistent IRS 990 filing history (13 filings), indicating strong transparency and compliance.
- Operational budgets generally balanced, with revenues closely matching expenses, suggesting sustainable financial management.
- Liabilities are well-managed and represent a small portion of total assets.
Frequently Asked Questions about Cape Elizabeth Education Foundation
Is Cape Elizabeth Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cape Elizabeth Education Foundation (EIN: 10543105) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Cape Elizabeth Education Foundation spend its money?
Cape Elizabeth Education Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cape Elizabeth Education Foundation tax-deductible?
Cape Elizabeth Education Foundation is registered as a tax-exempt nonprofit (EIN: 10543105). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cape Elizabeth Education Foundation CEO make?
Cape Elizabeth Education Foundation's highest-compensated officer earns $1 annually. The organization reported $174K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cape Elizabeth Education Foundation's spending goes to programs?
Cape Elizabeth Education Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cape Elizabeth Education Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Cape Elizabeth Education Foundation is above average for NTEE category B122 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cape Elizabeth Education Foundation located?
Cape Elizabeth Education Foundation is headquartered in Cape Elizabeth, Maine and files with the IRS under EIN 10543105. It is classified under NTEE code B122.
How many years of IRS 990 filings does Cape Elizabeth Education Foundation have?
Cape Elizabeth Education Foundation 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 $174K in total revenue.
Is Cape Elizabeth Education Foundation a good charity?
Based on the provided data, the Cape Elizabeth Education Foundation appears to be a good charity. It demonstrates strong financial health with growing assets, balanced budgets, and a remarkable 0% executive compensation, suggesting high efficiency and dedication to its mission.
How has the organization's financial health changed over the last decade?
The organization's financial health has improved over the last decade. Assets have grown from $638,046 in 201406 to $888,820 in 202306, and while revenues and expenses fluctuate, they generally remain balanced, indicating sustainable operations.
What is the trend in the organization's liabilities?
Liabilities have fluctuated over the years, ranging from a low of $24,763 in 201706 to a high of $100,554 in 201906. However, they remain a small fraction of total assets, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Cape Elizabeth Education Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cape Elizabeth Education Foundation's revenue has grown by 10.7%, moving from $109K to $121K. Total assets increased by 108.7% over the same period, from $426K to $889K. Total functional expenses rose by 8%, from $108K to $117K. In its most recent filing year (2023), Cape Elizabeth Education Foundation reported a surplus of $4K, with revenue exceeding expenses. The organization holds $85K in liabilities against $889K in assets (debt-to-asset ratio: 9.6%), resulting in net assets of $804K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $117K | $889K | $85K | — | — |
| 2022 | $116K | $125K | $828K | $98K | — | View 990 |
| 2021 | $91K | $63K | $883K | $30K | — | — |
| 2020 | $65K | $62K | $691K | $32K | — | View 990 |
| 2019 | $144K | $161K | $773K | $101K | — | View 990 |
| 2018 | $193K | $123K | $714K | $42K | — | View 990 |
| 2017 | $96K | $116K | $661K | $25K | — | View 990 |
| 2016 | $99K | $152K | $657K | $89K | — | View 990 |
| 2015 | $153K | $94K | $659K | $39K | — | View 990 |
| 2014 | $112K | $122K | $638K | $77K | — | View 990 |
| 2013 | $150K | $120K | $545K | $35K | — | View 990 |
| 2012 | $34K | $23K | $449K | $29K | — | View 990 |
| 2011 | $109K | $108K | $426K | $125 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $121K, expenses of $117K, and assets of $889K (revenue +4.3% year-over-year).
- 2022: Revenue of $116K, expenses of $125K, and assets of $828K (revenue +27.4% year-over-year).
- 2021: Revenue of $91K, expenses of $63K, and assets of $883K (revenue +40.4% year-over-year).
- 2020: Revenue of $65K, expenses of $62K, and assets of $691K (revenue -55.1% year-over-year).
- 2019: Revenue of $144K, expenses of $161K, and assets of $773K (revenue -25.3% year-over-year).
- 2018: Revenue of $193K, expenses of $123K, and assets of $714K (revenue +99.8% year-over-year).
- 2017: Revenue of $96K, expenses of $116K, and assets of $661K (revenue -2.8% year-over-year).
- 2016: Revenue of $99K, expenses of $152K, and assets of $657K (revenue -35.0% year-over-year).
- 2015: Revenue of $153K, expenses of $94K, and assets of $659K (revenue +35.8% year-over-year).
- 2014: Revenue of $112K, expenses of $122K, and assets of $638K (revenue -25.0% year-over-year).
- 2013: Revenue of $150K, expenses of $120K, and assets of $545K (revenue +346.2% year-over-year).
- 2012: Revenue of $34K, expenses of $23K, and assets of $449K (revenue -69.2% year-over-year).
- 2011: Revenue of $109K, expenses of $108K, and assets of $426K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cape Elizabeth Education Foundation:
Data Sources and Methodology
This transparency report for Cape Elizabeth Education Foundation 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.