Fairbanks School Neighborhood Association Inc
Fairbanks School Neighborhood Association Inc consistently operates at a deficit, relying on stable assets while maintaining zero officer compensation.
EIN: 10542054 · Farmington, ME · NTEE: N31 · Updated: 2026-03-28
Is Fairbanks School Neighborhood Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fairbanks School Neighborhood Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fairbanks School Neighborhood Association Inc
Fairbanks School Neighborhood Association Inc (EIN: 10542054) is a nonprofit organization based in Farmington, ME, classified under NTEE code N31. The organization reported total revenue of $32K and total assets of $482K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairbanks School Neighborhood Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairbanks School Neighborhood Association Inc is a micro nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $29K |
| Surplus / Deficit | $-17,271 |
| Total Assets | $511K |
| Total Liabilities | $198K |
| Net Assets | $313K |
| Operating Margin | -147.3% |
| Debt-to-Asset Ratio | 38.7% |
| Months of Reserves | 211.4 months |
Financial Health Grade: B
In 2023, Fairbanks School Neighborhood Association Inc reported a deficit of $17K with expenses exceeding revenue, holds 211.4 months of operating reserves (strong position), has a debt-to-asset ratio of 38.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Fairbanks School Neighborhood Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.7% | +21.6% | -3.7% |
| 2022 | +3.9% | -10.9% | +9.5% |
| 2021 | +91.1% | +10.8% | -9.6% |
| 2020 | -89.3% | -0.2% | -2.6% |
| 2019 | +408.7% | -21.3% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Fairbanks School Neighborhood Association Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Fairbanks School Neighborhood Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.7%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a fully volunteer-led executive structure, which is highly efficient and transparent for an organization of its size with assets around $500,000.
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 Fairbanks School Neighborhood Association Inc's IRS 990 filings:
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., $28,995 expenses vs. $11,724 revenue in 2023).
- Significant year-over-year revenue volatility, making financial planning potentially challenging (e.g., $121,854 in 2019 vs. $11,724 in 2023).
Strengths
The following positive indicators were identified for Fairbanks School Neighborhood Association Inc:
- Zero officer compensation reported across all filings, indicating a highly efficient, volunteer-led organization.
- Stable asset base (around $500,000) provides financial resilience despite operational deficits.
- Clear alignment between organization name and NTEE code (N31 - Neighborhood & Community Development), suggesting a focused mission.
Frequently Asked Questions about Fairbanks School Neighborhood Association Inc
Is Fairbanks School Neighborhood Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fairbanks School Neighborhood Association Inc (EIN: 10542054) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does Fairbanks School Neighborhood Association Inc spend its money?
Fairbanks School Neighborhood Association Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fairbanks School Neighborhood Association Inc tax-deductible?
Fairbanks School Neighborhood Association Inc is registered as a tax-exempt nonprofit (EIN: 10542054). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fairbanks School Neighborhood Association Inc financially sustainable given its recurring deficits?
While the organization has substantial assets (e.g., $510,768 in 2023) that provide a buffer, it has frequently spent more than it earned, such as in 2023 ($28,995 expenses vs. $11,724 revenue). This trend suggests a reliance on drawing down reserves or prior surpluses, which is not sustainable long-term without increased revenue or reduced expenses.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation is a significant strength, indicating a volunteer-driven leadership. This minimizes administrative overhead and maximizes the proportion of funds available for programmatic activities, enhancing donor trust and operational efficiency.
What caused the significant revenue spike in 2019?
In 2019, the organization reported revenue of $121,854, a substantial increase compared to typical annual revenues which often fall below $30,000. Without further detail from the 990, it's unclear if this was due to a large one-time donation, a successful capital campaign, or an unusual grant.
Filing History
IRS 990 filing history for Fairbanks School Neighborhood Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Fairbanks School Neighborhood Association Inc's revenue has declined by 56.1%, moving from $27K to $12K. Total assets decreased by 7.8% over the same period, from $554K to $511K. Total functional expenses fell by 40.2%, from $48K to $29K. In its most recent filing year (2023), Fairbanks School Neighborhood Association Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $198K in liabilities against $511K in assets (debt-to-asset ratio: 38.7%), resulting in net assets of $313K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $29K | $511K | $198K | — | — |
| 2022 | $26K | $24K | $531K | $200K | — | View 990 |
| 2021 | $25K | $27K | $485K | $156K | — | View 990 |
| 2020 | $13K | $24K | $536K | $206K | — | — |
| 2019 | $122K | $24K | $550K | $209K | — | View 990 |
| 2017 | $24K | $31K | $478K | $223K | — | — |
| 2016 | $43K | $39K | $488K | $226K | — | View 990 |
| 2015 | $27K | $48K | $489K | $231K | — | View 990 |
| 2014 | $31K | $48K | $514K | $233K | — | View 990 |
| 2013 | $46K | $84K | $533K | $238K | — | View 990 |
| 2012 | $36K | $48K | $539K | $241K | — | View 990 |
| 2011 | $27K | $48K | $554K | $245K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $29K, and assets of $511K (revenue -54.7% year-over-year).
- 2022: Revenue of $26K, expenses of $24K, and assets of $531K (revenue +3.9% year-over-year).
- 2021: Revenue of $25K, expenses of $27K, and assets of $485K (revenue +91.1% year-over-year).
- 2020: Revenue of $13K, expenses of $24K, and assets of $536K (revenue -89.3% year-over-year).
- 2019: Revenue of $122K, expenses of $24K, and assets of $550K (revenue +408.7% year-over-year).
- 2017: Revenue of $24K, expenses of $31K, and assets of $478K (revenue -44.9% year-over-year).
- 2016: Revenue of $43K, expenses of $39K, and assets of $488K (revenue +60.3% year-over-year).
- 2015: Revenue of $27K, expenses of $48K, and assets of $489K (revenue -13.7% year-over-year).
- 2014: Revenue of $31K, expenses of $48K, and assets of $514K (revenue -31.9% year-over-year).
- 2013: Revenue of $46K, expenses of $84K, and assets of $533K (revenue +29.8% year-over-year).
- 2012: Revenue of $36K, expenses of $48K, and assets of $539K (revenue +32.8% year-over-year).
- 2011: Revenue of $27K, expenses of $48K, and assets of $554K.
Data Sources and Methodology
This transparency report for Fairbanks School Neighborhood Association 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.