Eastern Maine Community College Foundation
Eastern Maine Community College Foundation shows consistent asset growth with no reported officer compensation.
EIN: 10385303 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $389K |
| Total Expenses | $183K |
| Program Spending | 75% |
| Net Assets | $1.7M |
| Transparency Score | 80/100 |
Is Eastern Maine Community College Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eastern Maine Community College Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eastern Maine Community College Foundation
Eastern Maine Community College Foundation (EIN: 10385303) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $389K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastern Maine Community College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastern Maine Community College Foundation is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $208K |
| Total Expenses | $183K |
| Surplus / Deficit | +$25K |
| Total Assets | $1.8M |
| Total Liabilities | $88K |
| Net Assets | $1.7M |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 118.7 months |
Financial Health Grade: A
In 2023, Eastern Maine Community College Foundation reported a surplus of $25K with revenue exceeding expenses, holds 118.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eastern Maine Community College Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.8% | +248.6% | +4.4% |
| 2022 | +8.3% | -59.3% | -7.9% |
| 2021 | +99.4% | -24.0% | +22.7% |
| 2020 | -56.3% | -12.3% | -0.9% |
| 2019 | -7.3% | +55.2% | +13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Eastern Maine Community College Foundation with a Mission Score of 80 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Eastern Maine Community College Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
The Eastern Maine Community College Foundation consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly unusual for an organization of its size and asset base.
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 Eastern Maine Community College Foundation's IRS 990 filings:
- No reported officer compensation, which can sometimes mask compensation paid through related entities or other non-standard methods, or indicate a reliance on volunteer leadership for key roles.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Eastern Maine Community College Foundation:
- Consistent asset growth over the past decade, from $991,782 in 2014 to $1,809,297 in 2023.
- No reported officer compensation, suggesting a lean executive cost structure.
- Liabilities are consistently low relative to assets, indicating good financial management.
- Revenue generally exceeds expenses in recent years, contributing to financial stability.
Frequently Asked Questions about Eastern Maine Community College Foundation
Is Eastern Maine Community College Foundation a legitimate charity?
Eastern Maine Community College Foundation (EIN: 10385303) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $389K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Eastern Maine Community College Foundation spend its money?
Eastern Maine Community College Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Eastern Maine Community College Foundation tax-deductible?
Eastern Maine Community College Foundation is registered as a tax-exempt nonprofit (EIN: 10385303). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Eastern Maine Community College Foundation's spending goes to programs?
Eastern Maine Community College Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Eastern Maine Community College Foundation located?
Eastern Maine Community College Foundation is headquartered in Bangor, Maine and files with the IRS under EIN 10385303.
How many years of IRS 990 filings does Eastern Maine Community College Foundation have?
Eastern 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 $389K in total revenue.
Is Eastern Maine Community College Foundation a good charity?
Based on the available data, the foundation appears to be a financially stable organization with growing assets and no reported officer compensation, suggesting a strong commitment to its mission. However, a detailed breakdown of program spending versus administrative and fundraising costs would provide a more complete picture of its efficiency.
How has the foundation's financial health changed over time?
The foundation has shown consistent asset growth, from $991,782 in 2014 to $1,809,297 in 2023. Revenue and expenses have fluctuated but generally show a positive trend, with revenue exceeding expenses in most recent years, indicating financial stability.
What is the trend in the foundation's revenue?
Revenue has fluctuated, with a low of $126,302 in 2020 and a high of $311,989 in 2018. The latest reported revenue in 2023 was $207,756, showing recovery from the 2020 dip but not reaching previous highs.
Filing History
IRS 990 filing history for Eastern Maine Community College Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eastern Maine Community College Foundation's revenue has grown by 32.2%, moving from $157K to $208K. Total assets increased by 94.8% over the same period, from $929K to $1.8M. Total functional expenses rose by 88.6%, from $97K to $183K. In its most recent filing year (2023), Eastern Maine Community College Foundation reported a surplus of $25K, with revenue exceeding expenses. The organization holds $88K in liabilities against $1.8M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $208K | $183K | $1.8M | $88K | — | View 990 |
| 2022 | $273K | $52K | $1.7M | $37K | — | View 990 |
| 2021 | $252K | $129K | $1.9M | $105K | — | View 990 |
| 2020 | $126K | $170K | $1.5M | $140K | — | View 990 |
| 2019 | $289K | $193K | $1.5M | $135K | — | View 990 |
| 2018 | $312K | $125K | $1.4M | $88K | — | View 990 |
| 2017 | $220K | $170K | $1.2M | $104K | — | View 990 |
| 2016 | $193K | $162K | $989K | $84K | — | View 990 |
| 2015 | $223K | $170K | $1.0M | $105K | — | View 990 |
| 2014 | $279K | $142K | $992K | $90K | — | View 990 |
| 2013 | $179K | $173K | $919K | $146K | — | View 990 |
| 2012 | $121K | $157K | $1.0M | $235K | — | View 990 |
| 2011 | $157K | $97K | $929K | $149K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $208K, expenses of $183K, and assets of $1.8M (revenue -23.8% year-over-year).
- 2022: Revenue of $273K, expenses of $52K, and assets of $1.7M (revenue +8.3% year-over-year).
- 2021: Revenue of $252K, expenses of $129K, and assets of $1.9M (revenue +99.4% year-over-year).
- 2020: Revenue of $126K, expenses of $170K, and assets of $1.5M (revenue -56.3% year-over-year).
- 2019: Revenue of $289K, expenses of $193K, and assets of $1.5M (revenue -7.3% year-over-year).
- 2018: Revenue of $312K, expenses of $125K, and assets of $1.4M (revenue +42.0% year-over-year).
- 2017: Revenue of $220K, expenses of $170K, and assets of $1.2M (revenue +14.1% year-over-year).
- 2016: Revenue of $193K, expenses of $162K, and assets of $989K (revenue -13.5% year-over-year).
- 2015: Revenue of $223K, expenses of $170K, and assets of $1.0M (revenue -20.2% year-over-year).
- 2014: Revenue of $279K, expenses of $142K, and assets of $992K (revenue +55.6% year-over-year).
- 2013: Revenue of $179K, expenses of $173K, and assets of $919K (revenue +47.8% year-over-year).
- 2012: Revenue of $121K, expenses of $157K, and assets of $1.0M (revenue -22.9% year-over-year).
- 2011: Revenue of $157K, expenses of $97K, and assets of $929K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastern Maine Community College Foundation:
Data Sources and Methodology
This transparency report for Eastern 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.