Colby College Charitable Tr
Colby College Charitable Tr reports minimal to no financial activity with $0 revenue and expenses in recent years.
EIN: 10529787 · Waterville, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Program Spending | 100% |
| Net Assets | $1 |
| Transparency Score | 20/100 |
Is Colby College Charitable Tr Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colby College Charitable Tr directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colby College Charitable Tr
Colby College Charitable Tr (EIN: 10529787) is a nonprofit organization based in Waterville, ME. The organization reported total revenue of $0 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colby College Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colby College Charitable Tr is a micro nonprofit that has been operating for 26 years, with 9 years of IRS 990 filings on record (2012–2020).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -100.0% | — | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Colby College Charitable Tr with a Mission Score of 20 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Colby College Charitable Tr allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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:
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating no salaries or benefits paid to executives, which is consistent with the minimal financial activity.
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 Colby College Charitable Tr's IRS 990 filings:
- Consistent $0 revenue and expenses in recent years, suggesting dormancy
- Assets consistently reported as $1, which is unusual for an active charitable trust
Strengths
The following positive indicators were identified for Colby College Charitable Tr:
- No executive compensation reported, indicating no personal financial benefit to officers
- Low liabilities reported across all periods
Frequently Asked Questions about Colby College Charitable Tr
Is Colby College Charitable Tr a legitimate charity?
Colby College Charitable Tr (EIN: 10529787) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 20/100. It has 9 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Colby College Charitable Tr spend its money?
Colby College Charitable Tr directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Colby College Charitable Tr tax-deductible?
Colby College Charitable Tr is registered as a tax-exempt nonprofit (EIN: 10529787). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Colby College Charitable Tr located?
Colby College Charitable Tr is headquartered in Waterville, Maine and files with the IRS under EIN 10529787.
How many years of IRS 990 filings does Colby College Charitable Tr have?
Colby College Charitable Tr has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the current operational status of Colby College Charitable Tr?
Based on recent IRS 990 filings (2017-2020) showing $0 revenue and expenses, the organization appears to be largely inactive or dormant.
Why does the organization consistently report $1 in assets?
The consistent reporting of $1 in assets, especially alongside $0 revenue and expenses, suggests it might be a placeholder or a legal entity without significant financial holdings or active operations.
Did the organization ever have significant financial activity?
Historically, there were some expenses, such as $15,811 in 2012 and $9,380 in 2016, but these were not matched by significant revenue, indicating limited financial scale even in its more active periods.
Filing History
IRS 990 filing history for Colby College Charitable Tr showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2020), Colby College Charitable Tr's revenue has declined by 100%, moving from $5 to $0. Total assets decreased by 100% over the same period, from $9K to $1. Total functional expenses fell by 100%, from $16K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $0 | $0 | $1 | $0 | — | View 990 |
| 2019 | $0 | $0 | $1 | $0 | — | View 990 |
| 2018 | $0 | $0 | $1 | $0 | — | View 990 |
| 2017 | $0 | $0 | $1 | $0 | — | View 990 |
| 2016 | $0 | $9K | $1 | $0 | — | View 990 |
| 2015 | $2 | $0 | $9K | $0 | — | View 990 |
| 2014 | $2 | $0 | $9K | $0 | — | View 990 |
| 2013 | $2 | $0 | $9K | $0 | — | View 990 |
| 2012 | $5 | $16K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $0, expenses of $0, and assets of $1.
- 2019: Revenue of $0, expenses of $0, and assets of $1.
- 2018: Revenue of $0, expenses of $0, and assets of $1.
- 2017: Revenue of $0, expenses of $0, and assets of $1.
- 2016: Revenue of $0, expenses of $9K, and assets of $1 (revenue -100.0% year-over-year).
- 2015: Revenue of $2, expenses of $0, and assets of $9K (revenue +0.0% year-over-year).
- 2014: Revenue of $2, expenses of $0, and assets of $9K (revenue +0.0% year-over-year).
- 2013: Revenue of $2, expenses of $0, and assets of $9K (revenue -60.0% year-over-year).
- 2012: Revenue of $5, expenses of $16K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colby College Charitable Tr:
Data Sources and Methodology
This transparency report for Colby College Charitable Tr 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.