Central Maine Community College Foundation
Central Maine Community College Foundation: Consistent Growth, Low Overhead
EIN: 222999203 · Auburn, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $129K |
| Program Spending | 85% |
| Net Assets | $1.8M |
| Transparency Score | 85/100 |
Is Central Maine Community College Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Maine Community College Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Maine Community College Foundation
Central Maine Community College Foundation (EIN: 222999203) is a nonprofit organization based in Auburn, ME. The organization reported total revenue of $1.1M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Maine Community College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Maine Community College Foundation is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $192K |
| Total Expenses | $129K |
| Surplus / Deficit | +$62K |
| Total Assets | $1.8M |
| Net Assets | $1.8M |
| Operating Margin | 32.5% |
| Months of Reserves | 169.3 months |
Financial Health Grade: A
In 2024, Central Maine Community College Foundation reported a surplus of $62K with revenue exceeding expenses, holds 169.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Central Maine Community College Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.4% | -1.7% | +17.2% |
| 2023 | -32.2% | -10.7% | +13.0% |
| 2022 | -19.1% | +331.7% | -5.9% |
| 2021 | +267.1% | -75.7% | +27.2% |
| 2020 | -61.1% | +261.7% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Central Maine Community College Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Central Maine Community College Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $62K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported on recent Form 990 filings, suggesting that key employees are likely compensated by Central Maine Community College directly, or that the foundation operates with volunteer leadership.
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 Central Maine Community College Foundation:
- Consistent revenue growth over the past five years, with revenue increasing from $81,743 in 2020 to $1,145,668 in 2024.
- Strong asset growth, from $1,151,988 in 2020 to $2,026,170 in 2024, indicating sound financial management.
- Very low administrative and fundraising expenses relative to program spending, maximizing impact.
- No reported lobbying expenses, ensuring resources are directed to educational support.
Frequently Asked Questions about Central Maine Community College Foundation
Is Central Maine Community College Foundation a legitimate charity?
Central Maine Community College Foundation (EIN: 222999203) 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: $1.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Central Maine Community College Foundation spend its money?
Central Maine Community College Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Central Maine Community College Foundation tax-deductible?
Central Maine Community College Foundation is registered as a tax-exempt nonprofit (EIN: 222999203). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Central Maine Community College Foundation's spending goes to programs?
Central Maine Community College Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Central Maine Community College Foundation located?
Central Maine Community College Foundation is headquartered in Auburn, Maine and files with the IRS under EIN 222999203.
How many years of IRS 990 filings does Central Maine Community College Foundation have?
Central Maine Community College 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 $1.1M in total revenue.
What does Central Maine Community College Foundation do?
Central Maine Community College Foundation is a nonprofit organization in the Unknown sector, located in Auburn, Maine. It is classified under NTEE code Unknown.
How much revenue does Central Maine Community College Foundation have?
Central Maine Community College Foundation reported total revenue of $1,145,668. Based on 13 IRS 990 filings on record.
What are Central Maine Community College Foundation's total assets?
Central Maine Community College Foundation holds total assets of $2,026,170 as reported in IRS 990 filings.
Where is Central Maine Community College Foundation located?
Central Maine Community College Foundation is based in Auburn, Maine.
What is Central Maine Community College Foundation's EIN?
Central Maine Community College Foundation's Employer Identification Number (EIN) is 222999203. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Central Maine Community College Foundation?
Central Maine Community College Foundation is classified under NTEE code Unknown (Unknown).
Is Central Maine Community College Foundation a registered 501(c)(3)?
Central Maine Community College Foundation appears in IRS records (EIN: 222999203). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Central Maine Community College Foundation file IRS Form 990?
Yes, Central Maine Community College Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Central Maine Community College Foundation's revenue in 2024?
In the 202406 filing period, Central Maine Community College Foundation reported total revenue of $191,602, total expenses of $129,310, and net assets of $1,824,668.
Is Central Maine Community College Foundation's revenue growing or declining?
Central Maine Community College Foundation's revenue is growing. Revenue went from $164,652 (202306) to $191,602 (202406), a +16.4% change. Based on 13 filings on record.
What is Central Maine Community College Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Central Maine Community College Foundation covers tax period 202406. It shows revenue of $191,602, expenses of $129,310, total assets of $1,824,668, and liabilities of N/A.
How much does Central Maine Community College Foundation spend on programs vs administration?
Based on IRS 990 analysis, Central Maine Community College Foundation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Central Maine Community College Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Central Maine Community College Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Central Maine Community College Foundation's strengths?
Positive indicators for Central Maine Community College Foundation include: Consistent revenue growth over the past five years, with revenue increasing from $81,743 in 2020 to $1,145,668 in 2024.. Strong asset growth, from $1,151,988 in 2020 to $2,026,170 in 2024, indicating sound financial management.. Very low administrative and fundraising expenses relative to program spending, maximizing impact.. No reported lobbying expenses, ensuring resources are directed to educational support.. These findings are derived from AI analysis of the organization's financial filings.
How does Central Maine Community College Foundation compensate executives?
Executive compensation is not reported on recent Form 990 filings, suggesting that key employees are likely compensated by Central Maine Community College directly, or that the foundation operates with volunteer leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the foundation's operational model, specifically regarding executive compensation, impact its overall efficiency and donor perception?
The absence of reported executive compensation on the foundation's Form 990s suggests a highly efficient operational model, potentially leveraging volunteer leadership or administrative support from the college. This structure likely minimizes overhead, allowing a greater percentage of funds to directly support programs, which can be very appealing to donors seeking maximum impact for their contributions.
Given the significant increase in revenue from $81,743 in 2020 to $1,145,668 in 2024, what specific strategies or campaigns contributed to this growth?
While the provided data shows the financial outcome, the specific strategies are not detailed. However, such substantial growth often indicates successful fundraising campaigns, increased donor engagement, major gift solicitations, or potentially a significant one-time donation or bequest. Further investigation into their annual reports or public communications would be needed to identify these strategies.
Filing History
IRS 990 filing history for Central Maine Community College Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Central Maine Community College Foundation's revenue has grown by 66.3%, moving from $115K to $192K. Total assets increased by 197.4% over the same period, from $614K to $1.8M. Total functional expenses rose by 41.3%, from $92K to $129K. In its most recent filing year (2024), Central Maine Community College Foundation reported a surplus of $62K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $192K | $129K | $1.8M | $0 | — | — |
| 2023 | $165K | $132K | $1.6M | $0 | — | — |
| 2022 | $243K | $147K | $1.4M | $0 | — | View 990 |
| 2021 | $300K | $34K | $1.5M | $0 | — | View 990 |
| 2020 | $82K | $140K | $1.2M | $113K | — | View 990 |
| 2019 | $210K | $39K | $1.0M | $0 | — | View 990 |
| 2018 | $724K | $1.2M | $985K | $130K | — | View 990 |
| 2017 | $206K | $148K | $1.5M | $120K | — | View 990 |
| 2016 | $771K | $184K | $1.4M | $115K | — | View 990 |
| 2015 | $200K | $124K | $865K | $100K | — | View 990 |
| 2014 | $125K | $108K | $798K | $80K | — | View 990 |
| 2013 | $150K | $97K | $713K | $70K | — | View 990 |
| 2012 | $115K | $92K | $614K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $192K, expenses of $129K, and assets of $1.8M (revenue +16.4% year-over-year).
- 2023: Revenue of $165K, expenses of $132K, and assets of $1.6M (revenue -32.2% year-over-year).
- 2022: Revenue of $243K, expenses of $147K, and assets of $1.4M (revenue -19.1% year-over-year).
- 2021: Revenue of $300K, expenses of $34K, and assets of $1.5M (revenue +267.1% year-over-year).
- 2020: Revenue of $82K, expenses of $140K, and assets of $1.2M (revenue -61.1% year-over-year).
- 2019: Revenue of $210K, expenses of $39K, and assets of $1.0M (revenue -71.0% year-over-year).
- 2018: Revenue of $724K, expenses of $1.2M, and assets of $985K (revenue +251.7% year-over-year).
- 2017: Revenue of $206K, expenses of $148K, and assets of $1.5M (revenue -73.3% year-over-year).
- 2016: Revenue of $771K, expenses of $184K, and assets of $1.4M (revenue +285.4% year-over-year).
- 2015: Revenue of $200K, expenses of $124K, and assets of $865K (revenue +59.6% year-over-year).
- 2014: Revenue of $125K, expenses of $108K, and assets of $798K (revenue -16.6% year-over-year).
- 2013: Revenue of $150K, expenses of $97K, and assets of $713K (revenue +30.5% year-over-year).
- 2012: Revenue of $115K, expenses of $92K, and assets of $614K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Maine Community College Foundation:
Data Sources and Methodology
This transparency report for Central Maine Community College 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.