Caribou Economic Growth Council

Caribou Economic Growth Council maintains strong asset base with modest, fluctuating revenues and no executive compensation.

EIN: 10531191 · Caribou, ME · NTEE: S41 · Updated: 2026-03-28

$49KRevenue
$1.2MAssets
85/100Mission Score (Excellent)
S41

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Caribou Economic Growth Council Financial Summary
MetricValue
Total Revenue$49K
Total Expenses$28K
Program Spending80%
CEO/Top Officer Pay$70,000.
Net Assets$1.1M
Transparency Score85/100

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Caribou Economic Growth Council Form 990, Revenue, CEO Pay, and IRS Filing Signals

Caribou Economic Growth Council is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Caribou Economic Growth Council in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $37K and expenses of $28K.

Revenue and Expenses

Caribou Economic Growth Council reported $37K in revenue and $28K in expenses, a surplus of $9K.

Executive Compensation

Top officer compensation appears as $70,000. in the stored analysis, with context against revenue and expenses below.

Charity Score and Red Flags

85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.

Is Caribou Economic Growth Council Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
80%Program Expense
$0Grants Paid
13Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Caribou Economic Growth Council Expense Deployment
Program services$22K (80%)

Across stored filings, Caribou Economic Growth Council shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 2 red flags identified
Mission spend80% to programsExcellent
Financial durabilityGrade A13 stored filing years
Peer contextCompare with Maine Composite Materials Applied Technology Development CenterMaine and Community Improvement context

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Caribou Economic Growth Council directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Caribou Economic Growth Council

Caribou Economic Growth Council (EIN: 10531191) is a nonprofit organization based in Caribou, ME, classified under NTEE code S41. The organization reported total revenue of $49K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caribou Economic Growth Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

26Years Operating
MicroSize Classification
13Years of Filings
MixedRevenue Trajectory

Caribou Economic Growth Council is a micro nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.0%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$37K
Total Expenses$28K
Surplus / Deficit+$9K
Total Assets$1.2M
Total Liabilities$52K
Net Assets$1.1M
Operating Margin25.1%
Debt-to-Asset Ratio4.4%
Months of Reserves509.6 months

Financial Health Grade: A

In 2023, Caribou Economic Growth Council reported a surplus of $9K with revenue exceeding expenses, holds 509.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Caribou Economic Growth Council's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.

YearRevenue ChangeExpense ChangeAsset Change
2023+41.5%-18.6%+1.1%
2022-16.0%+35.4%-22.7%
2020-124.1%-17.9%-6.0%
2019-57.2%-10.2%-1.9%

IRS Tax-Exempt Classification

IRS Classification Codes3000
IRS Ruling Date2000

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The Caribou Economic Growth Council demonstrates consistent financial stability with assets significantly outweighing liabilities, though its revenue streams are relatively modest and fluctuate year-to-year. For instance, in 2023, the organization reported $37,219 in revenue against $27,878 in expenses, contributing to its substantial asset base of $1,183,894. The organization's spending efficiency appears strong, with expenses generally well below its asset base, indicating a focus on maintaining its long-term financial health. However, the specific breakdown of program versus administrative and fundraising expenses is not detailed in the provided summary, making a precise assessment of spending efficiency challenging without further data. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which is a positive indicator for donor confidence and resource allocation directly to its mission. The organization's transparency is good, with a consistent filing history over 13 periods, providing a clear financial record.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Caribou Economic Growth Council with a Mission Score of 85 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: 15%
  • programs: 80%
  • fundraising: 5%

According to IRS 990 filings, Caribou Economic Growth Council 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 (2023)

From the most recent IRS 990 filing on record:

$37KTotal Revenue
$28KTotal Expenses
$1.2MTotal Assets
$52KTotal Liabilities
$1.1MNet Assets
  • The organization reported a surplus of $9K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 4.4%.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or one with very minimal paid leadership, which is highly efficient for an organization of its size with annual expenses typically under $70,000.

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 Caribou Economic Growth Council's IRS 990 filings:

  • Fluctuating and sometimes negative annual revenue (e.g., -$13,014 in 2020)
  • Lack of detailed spending breakdown in provided summary to fully assess program efficiency

Strengths

The following positive indicators were identified for Caribou Economic Growth Council:

  • Strong and consistent asset base ($1,188,099 latest)
  • Consistent 0% officer compensation, indicating efficient use of funds
  • Long and consistent IRS 990 filing history (13 filings), demonstrating transparency
  • Liabilities consistently low relative to assets

Frequently Asked Questions about Caribou Economic Growth Council

Is Caribou Economic Growth Council a legitimate charity?

Caribou Economic Growth Council (EIN: 10531191) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $49K. 2 red flags identified. 4 strengths noted. Financial health grade: A.

How does Caribou Economic Growth Council spend its money?

Caribou Economic Growth Council directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to Caribou Economic Growth Council tax-deductible?

Caribou Economic Growth Council is registered as a tax-exempt nonprofit (EIN: 10531191). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How much does the Caribou Economic Growth Council CEO make?

Caribou Economic Growth Council's highest-compensated officer earns $70,000. annually. The organization reported $49K in total revenue. Executive compensation data is disclosed in IRS 990 filings.

What percentage of Caribou Economic Growth Council's spending goes to programs?

Caribou Economic Growth Council directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Caribou Economic Growth Council compare to similar nonprofits?

With a transparency score of 85/100 (Excellent), Caribou Economic Growth Council is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Caribou Economic Growth Council located?

Caribou Economic Growth Council is headquartered in Caribou, Maine and files with the IRS under EIN 10531191. It is classified under NTEE code S41.

How many years of IRS 990 filings does Caribou Economic Growth Council have?

Caribou Economic Growth Council 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 $49K in total revenue.

Is Caribou Economic Growth Council a good charity?

Based on the available data, the Caribou Economic Growth Council appears to be a financially stable organization with a strong asset base and a commitment to minimizing overhead, as evidenced by 0% officer compensation. Its consistent filing history also points to good transparency. However, without a detailed breakdown of program spending, it's difficult to fully assess its direct impact.

How does the organization manage its expenses relative to its revenue?

The organization generally manages its expenses well within its revenue, as seen in 2023 where revenue was $37,219 and expenses were $27,878. There have been years, such as 2022 and 2017, where expenses exceeded revenue, but these instances are balanced by years of surplus, contributing to its overall strong asset position.

What is the trend in the organization's assets?

The organization's assets have fluctuated but remained substantial, generally above $1.1 million, reaching a high of $1,725,246 in 2015. While there has been a decrease from its peak, the current asset level of $1,188,099 (latest) indicates strong financial reserves.

Does the organization rely heavily on fundraising?

Given the modest and fluctuating revenue figures, and the consistent 0% officer compensation, it suggests the organization operates with a lean structure and likely does not incur significant fundraising costs. The primary focus appears to be on managing existing assets and securing grants or other stable, non-fundraising income.

Filing History

IRS 990 filing history for Caribou Economic Growth Council showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Caribou Economic Growth Council's revenue has declined by 63.1%, moving from $101K to $37K. Total assets decreased by 32% over the same period, from $1.7M to $1.2M. Total functional expenses fell by 86.1%, from $201K to $28K. In its most recent filing year (2023), Caribou Economic Growth Council reported a surplus of $9K, with revenue exceeding expenses. The organization holds $52K in liabilities against $1.2M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $1.1M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $37K $28K $1.2M $52K
2022 $26K $34K $1.2M $48K
2021 $31K $25K $1.5M $384K
2020 $-13,014 $44K $1.4M $253K
2019 $54K $54K $1.5M $284K View 990
2018 $126K $60K $1.5M $313K View 990
2017 $51K $168K $1.5M $338K
2016 $46K $36K $1.6M $373K View 990
2015 $158K $37K $1.7M $503K View 990
2014 $44K $54K $1.5M $429K View 990
2013 $105K $114K $1.6M $474K View 990
2012 $138K $31K $1.8M $700K View 990
2011 $101K $201K $1.7M $729K View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $37K, expenses of $28K, and assets of $1.2M (revenue +41.5% year-over-year).
  • 2022: Revenue of $26K, expenses of $34K, and assets of $1.2M (revenue -16.0% year-over-year).
  • 2021: Revenue of $31K, expenses of $25K, and assets of $1.5M.
  • 2020: Revenue of $-13,014, expenses of $44K, and assets of $1.4M (revenue -124.1% year-over-year).
  • 2019: Revenue of $54K, expenses of $54K, and assets of $1.5M (revenue -57.2% year-over-year).
  • 2018: Revenue of $126K, expenses of $60K, and assets of $1.5M (revenue +145.3% year-over-year).
  • 2017: Revenue of $51K, expenses of $168K, and assets of $1.5M (revenue +11.9% year-over-year).
  • 2016: Revenue of $46K, expenses of $36K, and assets of $1.6M (revenue -70.9% year-over-year).
  • 2015: Revenue of $158K, expenses of $37K, and assets of $1.7M (revenue +256.5% year-over-year).
  • 2014: Revenue of $44K, expenses of $54K, and assets of $1.5M (revenue -57.8% year-over-year).
  • 2013: Revenue of $105K, expenses of $114K, and assets of $1.6M (revenue -23.9% year-over-year).
  • 2012: Revenue of $138K, expenses of $31K, and assets of $1.8M (revenue +36.9% year-over-year).
  • 2011: Revenue of $101K, expenses of $201K, and assets of $1.7M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Caribou Economic Growth Council:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Caribou Economic Growth Council 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.

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