Elb Trust
Elb Trust maintains minimal operations with stable, low assets and no liabilities.
EIN: 16070296 · Camden, ME · Updated: 2026-03-28
Is Elb Trust Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elb Trust
Elb Trust (EIN: 16070296) is a nonprofit organization based in Camden, ME. 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 Elb Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elb Trust 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Elb Trust allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
No officer compensation has been reported across all five filings, which is appropriate given the organization's extremely small scale and 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 Elb Trust's IRS 990 filings:
- Unknown NTEE Code, making mission assessment difficult
- Lack of clear program spending details
- Discrepancy between latest reported $0 revenue/assets and historical filings
Strengths
The following positive indicators were identified for Elb Trust:
- Consistent asset base with no liabilities
- Extremely low operational expenses
- No reported officer compensation, indicating efficient use of funds for administrative purposes
Frequently Asked Questions about Elb Trust
Is Elb Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Elb Trust (EIN: 16070296) significant concerns. Mission Score: 30/100. 3 red flags identified, 3 strengths noted.
How does Elb Trust spend its money?
Detailed spending breakdown data is not yet available for Elb Trust. Check back for updated IRS 990 analysis.
Are donations to Elb Trust tax-deductible?
Elb Trust is registered as a tax-exempt nonprofit (EIN: 16070296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary purpose or program of Elb Trust?
Based on the provided data, the specific programs or mission activities of Elb Trust are not clear. The organization reports very low expenses, but without an NTEE code or program expense details, its core function remains undefined.
Why does Elb Trust report $0 in current revenue and assets, despite historical filings showing activity?
The current revenue and assets being $0 might indicate a recent change in status, a reporting anomaly, or that the provided 'Latest Revenue' and 'Assets' refer to a period after the last detailed filing (201605). It contradicts the historical data showing consistent, albeit small, assets and revenue.
How does Elb Trust manage to operate with such low expenses?
Elb Trust operates with extremely low expenses, ranging from $202 to $1,991 annually. This suggests a very lean operation, possibly volunteer-run, with minimal overhead, or that its activities do not require significant financial outlay.
Filing History
IRS 990 filing history for Elb Trust showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Elb Trust's revenue has grown by 158.9%, moving from $399 to $1K. Total assets increased by 5.8% over the same period, from $17K to $18K. Total functional expenses fell by 85.5%, from $2K to $288. In its most recent filing year (2016), Elb Trust reported a surplus of $745, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2016 | $1K | $288 | $18K | $0 | — | View 990 |
| 2015 | $1K | $434 | $17K | $0 | — | View 990 |
| 2014 | $785 | $202 | $16K | $0 | — | View 990 |
| 2013 | $432 | $1K | $16K | $0 | — | View 990 |
| 2012 | $399 | $2K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $1K, expenses of $288, and assets of $18K (revenue +3.1% year-over-year).
- 2015: Revenue of $1K, expenses of $434, and assets of $17K (revenue +27.6% year-over-year).
- 2014: Revenue of $785, expenses of $202, and assets of $16K (revenue +81.7% year-over-year).
- 2013: Revenue of $432, expenses of $1K, and assets of $16K (revenue +8.3% year-over-year).
- 2012: Revenue of $399, expenses of $2K, and assets of $17K.
Data Sources and Methodology
This transparency report for Elb Trust 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.