Cascade Foundation
Cascade Foundation faces persistent operating deficits and declining assets over the past decade.
EIN: 204956488 · Rockport, ME · NTEE: T22 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $6.9M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $13 |
| Net Assets | $13.5M |
| Transparency Score | 45/100 |
Search Intent Cockpit
Cascade Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Cascade Foundation 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 Cascade Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $-87,362 and expenses of $1.2M.
Revenue and Expenses
Revenue, expense, and surplus data is shown where available from IRS 990 records.
Executive Compensation
Top officer compensation appears as $13 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
45/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is Cascade Foundation Legit?
Significant Concerns
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
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
| Program services | $945K (80%) |
Across stored filings, Cascade Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Philanthropy context |
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Request a concise report for Cascade Foundation with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Cascade Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cascade Foundation
Cascade Foundation (EIN: 204956488) is a nonprofit organization based in Rockport, ME, classified under NTEE code T22. The organization reported total revenue of $6.9M and total assets of $12.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cascade Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cascade Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -126.1% | +8.7% | -9.6% |
| 2020 | -132.5% | +11.9% | -14.8% |
| 2019 | +2775.8% | -4.7% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Cascade Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Cascade Foundation 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:
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization with over $13 million in assets and annual expenses exceeding $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 Cascade Foundation's IRS 990 filings:
- Persistent negative operating revenue in recent years (e.g., $-87,362 in 2023, $-223,693 in 2022).
- Consistent decline in total assets over the past decade, from $20.4 million in 2011 to $13.5 million in 2023.
- Expenses consistently exceeding reported revenue, indicating reliance on asset drawdowns.
- Significant discrepancy between 'Latest Revenue' ($6,852,077) and recent 990 reported revenues, requiring clarification.
Strengths
The following positive indicators were identified for Cascade Foundation:
- Zero officer compensation reported across all filings, indicating no direct salary burden from executive pay.
- Relatively low liabilities compared to assets in most years, suggesting good debt management.
Frequently Asked Questions about Cascade Foundation
Is Cascade Foundation a legitimate charity?
Cascade Foundation (EIN: 204956488) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.9M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Cascade Foundation spend its money?
Cascade Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cascade Foundation tax-deductible?
Cascade Foundation is registered as a tax-exempt nonprofit (EIN: 204956488). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cascade Foundation CEO make?
Cascade Foundation's highest-compensated officer earns $13 annually. The organization reported $6.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cascade Foundation's spending goes to programs?
Cascade Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cascade Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Cascade Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cascade Foundation located?
Cascade Foundation is headquartered in Rockport, Maine and files with the IRS under EIN 204956488. It is classified under NTEE code T22.
How many years of IRS 990 filings does Cascade Foundation have?
Cascade Foundation has 10 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 $6.9M in total revenue.
Why has Cascade Foundation reported negative revenue in multiple recent years?
The filings show negative revenue in 2023 ($-87,362), 2022 ($-223,693), and 2020 ($-263,401). This could indicate significant investment losses, returns of grants, or other non-operating income/expense factors that are not clearly detailed in the summary data.
What is the explanation for the significant discrepancy between the 'Latest Revenue' of $6,852,077 and the negative revenues reported in recent 990 filings?
The provided 'Latest Revenue' figure is significantly higher and positive compared to the negative revenues in the 2023 and 2022 filings. This discrepancy needs clarification, as it could represent a different reporting period, a specific large one-time gain, or a different definition of 'revenue' not reflected in the 990 summary data.
How does Cascade Foundation cover its annual expenses when revenue is consistently lower or negative?
With expenses consistently exceeding revenue (e.g., $1,181,262 in expenses vs. $-87,362 revenue in 2023), the organization appears to be drawing down its assets to cover operational costs, as evidenced by the steady decline in total assets from $20.4 million in 2011 to $13.5 million in 2023.
What are the specific program activities of Cascade Foundation, given its NTEE code T22 (Philanthropy, Voluntarism & Grantmaking Foundations)?
The NTEE code suggests it's a grantmaking foundation. Understanding the specific grants or programs funded would be crucial to assess its impact, especially given the financial trends.
Filing History
IRS 990 filing history for Cascade Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cascade Foundation's revenue has declined by 108%, moving from $1.1M to $-87,362. Total assets decreased by 33.9% over the same period, from $20.5M to $13.5M. Total functional expenses fell by 17.4%, from $1.4M to $1.2M. The organization holds $10K in liabilities against $13.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $13.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-87,362 | $1.2M | $13.5M | $10K | — | — |
| 2022 | $-223,693 | $1.2M | $14.8M | $6K | — | View 990 |
| 2021 | $858K | $1.1M | $16.4M | $7K | — | View 990 |
| 2020 | $-263,401 | $1.0M | $16.6M | $4K | — | View 990 |
| 2019 | $811K | $905K | $19.5M | $4K | — | View 990 |
| 2015 | $28K | $950K | $19.3M | $4K | — | View 990 |
| 2014 | $1.1M | $1.2M | $20.2M | $15K | — | View 990 |
| 2013 | $1.2M | $1.4M | $19.4M | $4K | — | View 990 |
| 2012 | $864K | $1.4M | $19.9M | $1K | — | View 990 |
| 2011 | $1.1M | $1.4M | $20.5M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-87,362, expenses of $1.2M, and assets of $13.5M.
- 2022: Revenue of $-223,693, expenses of $1.2M, and assets of $14.8M (revenue -126.1% year-over-year).
- 2021: Revenue of $858K, expenses of $1.1M, and assets of $16.4M.
- 2020: Revenue of $-263,401, expenses of $1.0M, and assets of $16.6M (revenue -132.5% year-over-year).
- 2019: Revenue of $811K, expenses of $905K, and assets of $19.5M (revenue +2775.8% year-over-year).
- 2015: Revenue of $28K, expenses of $950K, and assets of $19.3M (revenue -97.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $20.2M (revenue -14.4% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.4M, and assets of $19.4M (revenue +43.2% year-over-year).
- 2012: Revenue of $864K, expenses of $1.4M, and assets of $19.9M (revenue -20.9% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.4M, and assets of $20.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cascade Foundation:
Data Sources and Methodology
This transparency report for Cascade 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.