Elsie & William Viles Foundation
Elsie & William Viles Foundation: Consistent Grantmaking, Minimal Overhead
EIN: 223089641 · Augusta, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $1.1M |
| Program Spending | 95% |
| Net Assets | $20.3M |
| Transparency Score | 85/100 |
Is Elsie & William Viles Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elsie & William Viles Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elsie & William Viles Foundation
Elsie & William Viles Foundation (EIN: 223089641) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $4.8M and total assets of $21.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elsie & William Viles Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elsie & William Viles Foundation is a mid-size nonprofit that has been operating for 35 years, with 9 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 64.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-122,794 |
| Total Assets | $20.3M |
| Total Liabilities | $1 |
| Net Assets | $20.3M |
| Operating Margin | -12.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 215.3 months |
Financial Health Grade: B
In 2024, Elsie & William Viles Foundation reported a deficit of $123K with expenses exceeding revenue, holds 215.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2024), Elsie & William Viles Foundation's revenue has grown at a compound annual growth rate (CAGR) of 64.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -7.2% | +3.3% | +7.2% |
| 2023 | +3.0% | -3.5% | +2.4% |
| 2022 | -25.2% | +16.8% | -10.4% |
| 2021 | +385.6% | +1.0% | +17.3% |
| 2020 | -89.2% | +17.4% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Elsie & William Viles Foundation with a Mission Score of 85 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: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Elsie & William Viles Foundation allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $123K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, suggesting either volunteer leadership or compensation below reporting thresholds, which is common for smaller foundations and contributes to low administrative costs.
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.
Strengths
The following positive indicators were identified for Elsie & William Viles Foundation:
- Very low administrative and fundraising costs, maximizing funds for programs.
- Consistent grantmaking activity over many years, demonstrating sustained commitment to mission.
- Healthy asset growth, indicating sound financial management and sustainability.
- Clear and consistent financial reporting across multiple years.
Frequently Asked Questions about Elsie & William Viles Foundation
Is Elsie & William Viles Foundation a legitimate charity?
Elsie & William Viles Foundation (EIN: 223089641) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $4.8M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Elsie & William Viles Foundation spend its money?
Elsie & William Viles Foundation directs 95% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Elsie & William Viles Foundation tax-deductible?
Elsie & William Viles Foundation is registered as a tax-exempt nonprofit (EIN: 223089641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Elsie & William Viles Foundation's spending goes to programs?
Elsie & William Viles Foundation directs 95% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Elsie & William Viles Foundation located?
Elsie & William Viles Foundation is headquartered in Augusta, Maine and files with the IRS under EIN 223089641.
How many years of IRS 990 filings does Elsie & William Viles Foundation have?
Elsie & William Viles Foundation 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. The most recent filing shows $4.8M in total revenue.
What does Elsie & William Viles Foundation do?
Elsie & William Viles Foundation is a nonprofit organization in the Unknown sector, located in Augusta, Maine. It is classified under NTEE code Unknown.
How much revenue does Elsie & William Viles Foundation have?
Elsie & William Viles Foundation reported total revenue of $4,807,590. Based on 9 IRS 990 filings on record.
What are Elsie & William Viles Foundation's total assets?
Elsie & William Viles Foundation holds total assets of $21,150,642 as reported in IRS 990 filings.
Where is Elsie & William Viles Foundation located?
Elsie & William Viles Foundation is based in Augusta, Maine.
What is Elsie & William Viles Foundation's EIN?
Elsie & William Viles Foundation's Employer Identification Number (EIN) is 223089641. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Elsie & William Viles Foundation?
Elsie & William Viles Foundation is classified under NTEE code Unknown (Unknown).
Is Elsie & William Viles Foundation a registered 501(c)(3)?
Elsie & William Viles Foundation appears in IRS records (EIN: 223089641). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Elsie & William Viles Foundation file IRS Form 990?
Yes, Elsie & William Viles Foundation has 9 IRS Form 990 filings on record. The most recent covers tax period 202407.
What was Elsie & William Viles Foundation's revenue in 2024?
In the 202407 filing period, Elsie & William Viles Foundation reported total revenue of $1,008,374, total expenses of $1,131,168, and net assets of $20,296,370.
Is Elsie & William Viles Foundation's revenue growing or declining?
Elsie & William Viles Foundation's revenue is declining. Revenue went from $1,086,883 (202307) to $1,008,374 (202407), a -7.2% change. Based on 9 filings on record.
What is Elsie & William Viles Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Elsie & William Viles Foundation covers tax period 202407. It shows revenue of $1,008,374, expenses of $1,131,168, total assets of $20,296,370, and liabilities of $1.
How much does Elsie & William Viles Foundation spend on programs vs administration?
Based on IRS 990 analysis, Elsie & William Viles Foundation allocates approximately 95% of expenses to program services, 3% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is Elsie & William Viles Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Elsie & William Viles Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Elsie & William Viles Foundation's strengths?
Positive indicators for Elsie & William Viles Foundation include: Very low administrative and fundraising costs, maximizing funds for programs.. Consistent grantmaking activity over many years, demonstrating sustained commitment to mission.. Healthy asset growth, indicating sound financial management and sustainability.. Clear and consistent financial reporting across multiple years.. These findings are derived from AI analysis of the organization's financial filings.
How does Elsie & William Viles Foundation compensate executives?
Executive compensation is not reported in the available filings, suggesting either volunteer leadership or compensation below reporting thresholds, which is common for smaller foundations and contributes to low administrative costs. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the foundation manage to maintain 0% fundraising costs and such low administrative overhead?
The foundation likely operates with a lean staff, potentially relying on volunteer efforts or minimal contracted services, and does not engage in public fundraising campaigns, instead managing its endowment to fund grants.
Given the significant assets, what is the foundation's strategy for grant distribution and impact?
With assets of $21,150,642 and annual revenues around $1 million, the foundation appears to focus on consistent, targeted grantmaking within its local community, as suggested by its Augusta, ME location, rather than large-scale national initiatives.
Filing History
IRS 990 filing history for Elsie & William Viles Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2024), Elsie & William Viles Foundation's revenue has grown by 38579.5%, moving from $3K to $1.0M. Total assets increased by 3066.1% over the same period, from $641K to $20.3M. Total functional expenses rose by 2333.2%, from $46K to $1.1M. In its most recent filing year (2024), Elsie & William Viles Foundation reported a deficit of $123K, with expenses exceeding revenue. The organization holds $1 in liabilities against $20.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.0M | $1.1M | $20.3M | $1 | — | View 990 |
| 2023 | $1.1M | $1.1M | $18.9M | $1 | — | View 990 |
| 2022 | $1.1M | $1.1M | $18.5M | $1 | — | View 990 |
| 2021 | $1.4M | $971K | $20.6M | $1 | — | View 990 |
| 2020 | $291K | $962K | $17.6M | $1 | — | View 990 |
| 2015 | $2.7M | $820K | $15.7M | $0 | — | View 990 |
| 2014 | $13.1M | $429K | $13.3M | $0 | — | View 990 |
| 2013 | $171K | $142K | $670K | $0 | — | View 990 |
| 2012 | $3K | $46K | $641K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.0M, expenses of $1.1M, and assets of $20.3M (revenue -7.2% year-over-year).
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $18.9M (revenue +3.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $18.5M (revenue -25.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $971K, and assets of $20.6M (revenue +385.6% year-over-year).
- 2020: Revenue of $291K, expenses of $962K, and assets of $17.6M (revenue -89.2% year-over-year).
- 2015: Revenue of $2.7M, expenses of $820K, and assets of $15.7M (revenue -79.4% year-over-year).
- 2014: Revenue of $13.1M, expenses of $429K, and assets of $13.3M (revenue +7571.8% year-over-year).
- 2013: Revenue of $171K, expenses of $142K, and assets of $670K (revenue +6444.8% year-over-year).
- 2012: Revenue of $3K, expenses of $46K, and assets of $641K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elsie & William Viles Foundation:
Data Sources and Methodology
This transparency report for Elsie & William Viles 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.