Coastal Maine Botanical Gardens Inc

Coastal Maine Botanical Gardens Inc shows strong financial growth and zero reported officer compensation.

EIN: 10476545 · Boothbay, ME · NTEE: C410 · Updated: 2026-03-28

$30.4MRevenue

$82.3MAssets

90/100Mission Score (Excellent)

C410

About Coastal Maine Botanical Gardens Inc

Coastal Maine Botanical Gardens Inc (EIN: 10476545) is a nonprofit organization based in Boothbay, ME, classified under NTEE code C410. The organization reported total revenue of $30.4M and total assets of $82.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coastal Maine Botanical Gardens Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Coastal Maine Botanical Gardens Inc demonstrates strong financial health and growth, with its assets increasing significantly from $20,908,876 in 2015 to $82,313,639 currently. The organization consistently generates substantial revenue, often exceeding expenses by a considerable margin, as seen in 2023 where revenue was $19,371,398 against expenses of $10,425,042. This indicates effective financial management and a robust ability to fund its operations and mission.

The organization's spending efficiency appears high, with expenses generally well below revenue, allowing for asset accumulation. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards programmatic activities rather than executive salaries. This practice enhances public trust and suggests a lean operational structure at the top.

Overall, Coastal Maine Botanical Gardens Inc exhibits a healthy financial trajectory, strong asset growth, and a commendable level of transparency regarding executive compensation. Its ability to consistently generate revenue far exceeding expenses positions it well for long-term sustainability and continued investment in its botanical garden programs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Coastal Maine Botanical Gardens Inc 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: 85%
fundraising: 5%

According to IRS 990 filings, Coastal Maine Botanical Gardens Inc 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and asset base ($82,313,639). This suggests either a volunteer leadership model or that compensation is reported under different categories not captured by 'Officer Comp' in the provided data.

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 Coastal Maine Botanical Gardens Inc's IRS 990 filings:

Unusually low reported officer compensation (0%) for an organization of this size, which might warrant further investigation into how leadership is compensated or if this data point is incomplete.

Strengths

The following positive indicators were identified for Coastal Maine Botanical Gardens Inc:

Strong and consistent revenue generation, often significantly exceeding expenses.
Substantial asset growth, increasing from $20,908,876 in 2015 to $82,313,639 currently.
Consistent reporting of 0% officer compensation, indicating a potential commitment to directing funds to programs.
Healthy financial reserves, with assets far outweighing liabilities (e.g., 2023 assets $65,222,638 vs. liabilities $13,662,600).

Frequently Asked Questions about Coastal Maine Botanical Gardens Inc

Is Coastal Maine Botanical Gardens Inc a good charity?

Based on the provided financial data, Coastal Maine Botanical Gardens Inc appears to be a very well-managed and financially healthy organization. Its consistent revenue generation, significant asset growth, and reported 0% officer compensation are strong indicators of good stewardship and a focus on its mission.

How has the organization's financial health changed over time?

The organization has experienced remarkable financial growth. Assets have grown from $20,908,876 in 2015 to $82,313,639 currently. Revenue has also seen substantial increases, particularly in recent years, demonstrating a strong upward trend in financial capacity.

What is the trend in revenue versus expenses?

For most periods, revenue significantly exceeds expenses, indicating a healthy surplus. For example, in 2023, revenue was $19,371,398 while expenses were $10,425,042. There were a few periods, like 2021 and 2019, where expenses slightly exceeded revenue, but these appear to be exceptions to a generally positive trend.

Filing History

IRS 990 filing history for Coastal Maine Botanical Gardens Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Coastal Maine Botanical Gardens Inc's revenue has grown by 484.4%, moving from $3.3M to $19.4M. Total assets increased by 209.4% over the same period, from $21.1M to $65.2M. Total functional expenses rose by 318.7%, from $2.5M to $10.4M. In its most recent filing year (2023), Coastal Maine Botanical Gardens Inc reported a surplus of $8.9M, with revenue exceeding expenses. The organization holds $13.7M in liabilities against $65.2M in assets (debt-to-asset ratio: 20.9%), resulting in net assets of $51.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$19.4M	$10.4M	$65.2M	$13.7M	—	View 990
2022	$23.3M	$8.8M	$58.3M	$15.5M	—	View 990
2021	$6.8M	$7.5M	$44.5M	$17.1M	—	View 990
2020	$12.3M	$8.0M	$44.4M	$17.5M	—	View 990
2019	$5.5M	$6.5M	$42.2M	$19.1M	—	View 990
2018	$8.7M	$5.7M	$44.0M	$19.4M	—	View 990
2017	$6.3M	$4.8M	$25.3M	$3.9M	—	View 990
2016	$4.3M	$3.8M	$20.9M	$1.2M	—	View 990
2015	$109K	$706K	$20.9M	$1.5M	—	View 990
2014	$3.0M	$3.1M	$21.0M	$1.1M	—	View 990
2013	$2.9M	$3.0M	$21.3M	$1.3M	—	View 990
2012	$3.7M	$2.8M	$21.3M	$1.6M	—	View 990
2011	$3.3M	$2.5M	$21.1M	$2.5M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $19.4M, expenses of $10.4M, and assets of $65.2M (revenue -16.8% year-over-year).
2022: Revenue of $23.3M, expenses of $8.8M, and assets of $58.3M (revenue +243.3% year-over-year).
2021: Revenue of $6.8M, expenses of $7.5M, and assets of $44.5M (revenue -44.9% year-over-year).
2020: Revenue of $12.3M, expenses of $8.0M, and assets of $44.4M (revenue +125.8% year-over-year).
2019: Revenue of $5.5M, expenses of $6.5M, and assets of $42.2M (revenue -37.4% year-over-year).
2018: Revenue of $8.7M, expenses of $5.7M, and assets of $44.0M (revenue +39.4% year-over-year).
2017: Revenue of $6.3M, expenses of $4.8M, and assets of $25.3M (revenue +44.1% year-over-year).
2016: Revenue of $4.3M, expenses of $3.8M, and assets of $20.9M (revenue +3893.1% year-over-year).
2015: Revenue of $109K, expenses of $706K, and assets of $20.9M (revenue -96.3% year-over-year).
2014: Revenue of $3.0M, expenses of $3.1M, and assets of $21.0M (revenue +3.1% year-over-year).
2013: Revenue of $2.9M, expenses of $3.0M, and assets of $21.3M (revenue -21.7% year-over-year).
2012: Revenue of $3.7M, expenses of $2.8M, and assets of $21.3M (revenue +10.3% year-over-year).
2011: Revenue of $3.3M, expenses of $2.5M, and assets of $21.1M.

Data Sources and Methodology

This transparency report for Coastal Maine Botanical Gardens Inc 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.