Cobscook Bay Resource Center Inc
Cobscook Bay Resource Center Inc faces severe financial decline with near-zero revenue and assets in its latest filing.
EIN: 10529806 · Eastport, ME · NTEE: C300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $47K |
| Program Spending | 80% |
| Net Assets | $396K |
| Transparency Score | 30/100 |
Search Intent Cockpit
Cobscook Bay Resource Center Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Cobscook Bay Resource Center Inc 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 Cobscook Bay Resource Center Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $4K and expenses of $47K.
Revenue and Expenses
Cobscook Bay Resource Center Inc reported $4K in revenue and $47K in expenses, a deficit of $43K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
30/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is Cobscook Bay Resource Center Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
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 | $38K (80%) |
Across stored filings, Cobscook Bay Resource Center Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| 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 Environment context |
Trust Check
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80% of spending goes to programs.
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Request a concise report for Cobscook Bay Resource Center Inc 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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Cobscook Bay Resource Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cobscook Bay Resource Center Inc
Cobscook Bay Resource Center Inc (EIN: 10529806) is a nonprofit organization based in Eastport, ME, classified under NTEE code C300. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cobscook Bay Resource Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cobscook Bay Resource Center Inc is a micro nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -34.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $47K |
| Surplus / Deficit | $-43,370 |
| Total Assets | $445K |
| Total Liabilities | $48K |
| Net Assets | $396K |
| Operating Margin | -1182.4% |
| Debt-to-Asset Ratio | 10.9% |
| Months of Reserves | 113.5 months |
Financial Health Grade: B
In 2020, Cobscook Bay Resource Center Inc reported a deficit of $43K with expenses exceeding revenue, holds 113.5 months of operating reserves (strong position), has a debt-to-asset ratio of 10.9% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2020), Cobscook Bay Resource Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -34.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -93.4% | -28.3% | -10.4% |
| 2019 | +17.9% | -20.4% | -3.2% |
| 2018 | -21.8% | +23.3% | -7.4% |
| 2017 | +9.6% | -30.5% | +2.2% |
| 2016 | -69.6% | -21.8% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
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 Cobscook Bay Resource Center Inc with a Mission Score of 30 out of 100 (Poor). 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, Cobscook Bay Resource Center Inc 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.9%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly efficient for an organization of its size.
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 Cobscook Bay Resource Center Inc's IRS 990 filings:
- Significant and consistent decline in revenue over the past decade, from $335,031 in 201206 to $3,668 in 202006.
- Latest filing (202006) shows $0 in both revenue and assets, raising serious concerns about current operations and viability.
- Expenses frequently exceeded revenue in recent years, leading to a depletion of assets (e.g., $47,038 expenses vs. $3,668 revenue in 202006).
- Overall decrease in assets from a peak of $607,214 in 201506 to $444,968 in 202006, indicating financial instability.
Strengths
The following positive indicators were identified for Cobscook Bay Resource Center Inc:
- Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to minimizing executive overhead.
- History of consistent IRS 990 filings, indicating a commitment to transparency in financial reporting.
Frequently Asked Questions about Cobscook Bay Resource Center Inc
Is Cobscook Bay Resource Center Inc a legitimate charity?
Cobscook Bay Resource Center Inc (EIN: 10529806) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 30/100. It has 10 years of IRS 990 filings on record. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Cobscook Bay Resource Center Inc spend its money?
Cobscook Bay Resource Center Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cobscook Bay Resource Center Inc tax-deductible?
Cobscook Bay Resource Center Inc is registered as a tax-exempt nonprofit (EIN: 10529806). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cobscook Bay Resource Center Inc's spending goes to programs?
Cobscook Bay Resource Center Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cobscook Bay Resource Center Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Cobscook Bay Resource Center Inc is below average for NTEE category C300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cobscook Bay Resource Center Inc located?
Cobscook Bay Resource Center Inc is headquartered in Eastport, Maine and files with the IRS under EIN 10529806. It is classified under NTEE code C300.
How many years of IRS 990 filings does Cobscook Bay Resource Center Inc have?
Cobscook Bay Resource Center Inc 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.
Is Cobscook Bay Resource Center Inc still operational given the latest $0 revenue and assets?
The latest filing period (202006) shows $0 in both revenue and assets, which strongly suggests the organization may no longer be active or is in the process of dissolution. Further inquiry directly with the organization would be necessary to confirm its current status.
What caused the significant decline in revenue from $335,031 in 201206 to $3,668 in 202006?
The provided data does not specify the reasons for the revenue decline. It could be due to loss of grants, changes in funding priorities, or a reduction in program activities. A deeper dive into the organization's program reports or narrative sections of the 990s, if available, would be needed.
How has the organization managed to cover expenses when revenue has been consistently lower in recent years?
The organization has covered expenses by drawing down its assets. For example, in 202006, expenses were $47,038 while revenue was only $3,668, indicating a deficit that would have been covered by existing assets, which have indeed declined from $607,214 in 201506 to $444,968 in 202006.
Filing History
IRS 990 filing history for Cobscook Bay Resource Center Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Cobscook Bay Resource Center Inc's revenue has declined by 97.7%, moving from $156K to $4K. Total assets increased by 107.9% over the same period, from $214K to $445K. Total functional expenses fell by 58.9%, from $115K to $47K. In its most recent filing year (2020), Cobscook Bay Resource Center Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $48K in liabilities against $445K in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $396K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $4K | $47K | $445K | $48K | — | View 990 |
| 2019 | $56K | $66K | $497K | $57K | — | View 990 |
| 2018 | $47K | $82K | $513K | $63K | — | View 990 |
| 2017 | $60K | $67K | $554K | $69K | — | View 990 |
| 2016 | $55K | $96K | $542K | $70K | — | View 990 |
| 2015 | $181K | $123K | $607K | $93K | — | View 990 |
| 2014 | $140K | $114K | $575K | $119K | — | View 990 |
| 2013 | $186K | $114K | $559K | $128K | — | View 990 |
| 2012 | $335K | $97K | $482K | $151K | — | View 990 |
| 2011 | $156K | $115K | $214K | $131K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $4K, expenses of $47K, and assets of $445K (revenue -93.4% year-over-year).
- 2019: Revenue of $56K, expenses of $66K, and assets of $497K (revenue +17.9% year-over-year).
- 2018: Revenue of $47K, expenses of $82K, and assets of $513K (revenue -21.8% year-over-year).
- 2017: Revenue of $60K, expenses of $67K, and assets of $554K (revenue +9.6% year-over-year).
- 2016: Revenue of $55K, expenses of $96K, and assets of $542K (revenue -69.6% year-over-year).
- 2015: Revenue of $181K, expenses of $123K, and assets of $607K (revenue +29.3% year-over-year).
- 2014: Revenue of $140K, expenses of $114K, and assets of $575K (revenue -24.9% year-over-year).
- 2013: Revenue of $186K, expenses of $114K, and assets of $559K (revenue -44.5% year-over-year).
- 2012: Revenue of $335K, expenses of $97K, and assets of $482K (revenue +114.1% year-over-year).
- 2011: Revenue of $156K, expenses of $115K, and assets of $214K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cobscook Bay Resource Center Inc:
Data Sources and Methodology
This transparency report for Cobscook Bay Resource Center 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.