Cape Nordic
Cape Nordic reports $0 revenue and assets, indicating potential dormancy after years of declining financial activity.
EIN: 10529279 · Cape Eliz, ME · NTEE: N68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $359 |
| Program Spending | 80% |
| Net Assets | $29K |
| Transparency Score | 60/100 |
Is Cape Nordic Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cape Nordic directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cape Nordic
Cape Nordic (EIN: 10529279) is a nonprofit organization based in Cape Eliz, ME, classified under NTEE code N68. 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 Cape Nordic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cape Nordic is a micro nonprofit that has been operating for 23 years, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of -29.4%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $359 |
| Surplus / Deficit | +$732 |
| Total Assets | $29K |
| Net Assets | $29K |
| Operating Margin | 67.1% |
| Months of Reserves | 985.4 months |
Financial Health Grade: A
In 2019, Cape Nordic reported a surplus of $732 with revenue exceeding expenses, holds 985.4 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2012–2019), Cape Nordic's revenue has declined at a compound annual growth rate (CAGR) of -29.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -54.4% | -82.0% | +2.5% |
| 2018 | -24.8% | -25.4% | +1.4% |
| 2017 | -16.5% | +2.7% | +1.8% |
| 2016 | -28.7% | -67.0% | +4.5% |
| 2015 | +7.1% | +62.3% | -8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Nordic with a Mission Score of 60 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Cape Nordic allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $732, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating that the organization is likely volunteer-run and does not allocate funds to paid leadership, which is typical for very small nonprofits.
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 Cape Nordic's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or cessation of operations.
- Significant decline in revenue from $12,487 in 2012 to $0 in the latest period.
- Abrupt change from consistent asset levels (approx. $29,000) to $0 in the latest filing without explanation.
Strengths
The following positive indicators were identified for Cape Nordic:
- Consistently reported $0 liabilities, indicating good financial management of debt.
- Historically maintained a stable asset base (approx. $27,000-$29,000) for many years.
- No executive compensation reported, suggesting a volunteer-driven model and efficient use of funds for administrative overhead.
Frequently Asked Questions about Cape Nordic
Is Cape Nordic a legitimate charity?
Cape Nordic (EIN: 10529279) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 60/100. It has 8 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Cape Nordic spend its money?
Cape Nordic directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cape Nordic tax-deductible?
Cape Nordic is registered as a tax-exempt nonprofit (EIN: 10529279). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cape Nordic's spending goes to programs?
Cape Nordic directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cape Nordic compare to similar nonprofits?
With a transparency score of 60/100 (Good), Cape Nordic is above average for NTEE category N68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cape Nordic located?
Cape Nordic is headquartered in Cape Eliz, Maine and files with the IRS under EIN 10529279. It is classified under NTEE code N68.
How many years of IRS 990 filings does Cape Nordic have?
Cape Nordic has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Cape Nordic still operational?
The latest filing showing $0 revenue and $0 assets suggests that Cape Nordic may no longer be actively operating or has significantly scaled down its activities.
What happened to Cape Nordic's assets?
While historical filings show assets consistently around $27,000-$29,000, the latest filing reports $0 assets, which is a significant change and warrants further investigation into asset disposition or reporting discrepancies.
How does Cape Nordic fund its operations?
Historically, Cape Nordic funded operations through modest revenues, peaking at $12,487 in 2012. However, with current reported revenue at $0, its funding mechanism is unclear, suggesting a lack of current operations.
Filing History
IRS 990 filing history for Cape Nordic showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), Cape Nordic's revenue has declined by 91.3%, moving from $12K to $1K. Total assets increased by 2.8% over the same period, from $29K to $29K. Total functional expenses fell by 95.8%, from $9K to $359. In its most recent filing year (2019), Cape Nordic reported a surplus of $732, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $1K | $359 | $29K | $0 | — | View 990 |
| 2018 | $2K | $2K | $29K | $0 | — | — |
| 2017 | $3K | $3K | $28K | $0 | — | View 990 |
| 2016 | $4K | $3K | $28K | $0 | — | View 990 |
| 2015 | $5K | $8K | $27K | $0 | — | View 990 |
| 2014 | $5K | $5K | $29K | $0 | — | View 990 |
| 2013 | $5K | $5K | $29K | $0 | — | View 990 |
| 2012 | $12K | $9K | $29K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $1K, expenses of $359, and assets of $29K (revenue -54.4% year-over-year).
- 2018: Revenue of $2K, expenses of $2K, and assets of $29K (revenue -24.8% year-over-year).
- 2017: Revenue of $3K, expenses of $3K, and assets of $28K (revenue -16.5% year-over-year).
- 2016: Revenue of $4K, expenses of $3K, and assets of $28K (revenue -28.7% year-over-year).
- 2015: Revenue of $5K, expenses of $8K, and assets of $27K (revenue +7.1% year-over-year).
- 2014: Revenue of $5K, expenses of $5K, and assets of $29K (revenue -2.8% year-over-year).
- 2013: Revenue of $5K, expenses of $5K, and assets of $29K (revenue -58.9% year-over-year).
- 2012: Revenue of $12K, expenses of $9K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cape Nordic:
Data Sources and Methodology
This transparency report for Cape Nordic 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.