Chebeague Island Community Association
Chebeague Island Community Association maintains stable assets and zero executive compensation despite fluctuating revenues.
EIN: 203025485 · Chebeague Is, ME · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $330K |
| Total Expenses | $56K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $463K |
| Transparency Score | 90/100 |
Is Chebeague Island Community Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chebeague Island Community Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chebeague Island Community Association
Chebeague Island Community Association (EIN: 203025485) is a nonprofit organization based in Chebeague Is, ME, classified under NTEE code S31. The organization reported total revenue of $330K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chebeague Island Community Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chebeague Island Community Association is a small nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $56K |
| Surplus / Deficit | $-1,729 |
| Total Assets | $474K |
| Total Liabilities | $11K |
| Net Assets | $463K |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 100.8 months |
Financial Health Grade: B
In 2023, Chebeague Island Community Association reported a deficit of $2K with expenses exceeding revenue, holds 100.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2023), Chebeague Island Community Association's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.5% | -10.2% | -0.9% |
| 2014 | -126.6% | -28.5% | -34.9% |
| 2013 | -88.3% | -58.9% | +20.9% |
| 2012 | +623.5% | +6.6% | +171.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Chebeague Island Community Association with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Chebeague Island Community Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with assets over $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.
Strengths
The following positive indicators were identified for Chebeague Island Community Association:
- Consistent 0% officer compensation, indicating high efficiency and volunteer leadership.
- Significant asset growth over time, from $220,081 in 2011 to $1,169,661 currently.
- Consistent filing of IRS 990s, demonstrating transparency.
- Positive net assets maintained despite revenue fluctuations.
Frequently Asked Questions about Chebeague Island Community Association
Is Chebeague Island Community Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Chebeague Island Community Association (EIN: 203025485) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Chebeague Island Community Association spend its money?
Chebeague Island Community Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chebeague Island Community Association tax-deductible?
Chebeague Island Community Association is registered as a tax-exempt nonprofit (EIN: 203025485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chebeague Island Community Association CEO make?
Chebeague Island Community Association's highest-compensated officer earns $1 annually. The organization reported $330K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Chebeague Island Community Association compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Chebeague Island Community Association is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chebeague Island Community Association located?
Chebeague Island Community Association is headquartered in Chebeague Is, Maine and files with the IRS under EIN 203025485. It is classified under NTEE code S31.
How many years of IRS 990 filings does Chebeague Island Community Association have?
Chebeague Island Community Association has 6 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 $330K in total revenue.
Is Chebeague Island Community Association a good charity?
Based on the available data, the Chebeague Island Community Association appears to be a good charity. It demonstrates strong financial stewardship with growing assets, consistent 0% officer compensation, and a clear history of IRS 990 filings.
How does the organization manage its finances with such fluctuating revenue?
Despite significant revenue fluctuations (e.g., $-10,799 in 2014 to $346,700 in 2012), the organization has consistently grown its assets, reaching $1,169,661. This suggests effective asset management and potentially reliance on reserves or endowment income to smooth out operational funding.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available filings, indicating a strong commitment to volunteer leadership or very low administrative overhead for executive roles.
Filing History
IRS 990 filing history for Chebeague Island Community Association showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2023), Chebeague Island Community Association's revenue has grown by 14.1%, moving from $48K to $55K. Total assets increased by 115.3% over the same period, from $220K to $474K. Total functional expenses fell by 3.5%, from $58K to $56K. In its most recent filing year (2023), Chebeague Island Community Association reported a deficit of $2K, with expenses exceeding revenue. The organization holds $11K in liabilities against $474K in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $463K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $55K | $56K | $474K | $11K | — | — |
| 2022 | $159K | $63K | $478K | $23K | — | — |
| 2014 | $-10,799 | $18K | $470K | $70K | — | View 990 |
| 2013 | $41K | $26K | $722K | $247K | — | — |
| 2012 | $347K | $62K | $597K | $249K | — | View 990 |
| 2011 | $48K | $58K | $220K | $178K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $55K, expenses of $56K, and assets of $474K (revenue -65.5% year-over-year).
- 2022: Revenue of $159K, expenses of $63K, and assets of $478K.
- 2014: Revenue of $-10,799, expenses of $18K, and assets of $470K (revenue -126.6% year-over-year).
- 2013: Revenue of $41K, expenses of $26K, and assets of $722K (revenue -88.3% year-over-year).
- 2012: Revenue of $347K, expenses of $62K, and assets of $597K (revenue +623.5% year-over-year).
- 2011: Revenue of $48K, expenses of $58K, and assets of $220K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chebeague Island Community Association:
Data Sources and Methodology
This transparency report for Chebeague Island Community Association 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.