Fortenberry Fund Inc
Fortenberry Fund Inc. reported $11,062 in revenue and $44,150 in expenses in its only available 2011 filing, with no recent financial activity.
EIN: 205358971 · Deer Isle, ME · NTEE: H05 · Updated: 2026-03-28
Is Fortenberry Fund Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fortenberry Fund Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fortenberry Fund Inc
Fortenberry Fund Inc (EIN: 205358971) is a nonprofit organization based in Deer Isle, ME, classified under NTEE code H05. 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 Fortenberry Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fortenberry Fund Inc is a micro nonprofit that has been operating for 19 years.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $44K |
| Surplus / Deficit | $-33,088 |
| Total Assets | $112K |
| Total Liabilities | $33K |
| Net Assets | $80K |
| Operating Margin | -299.1% |
| Debt-to-Asset Ratio | 29.1% |
| Months of Reserves | 30.6 months |
Financial Health Grade: B
In 2011, Fortenberry Fund Inc reported a deficit of $33K with expenses exceeding revenue, holds 30.6 months of operating reserves (strong position), has a debt-to-asset ratio of 29.1% (moderate leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Fortenberry Fund Inc with a Mission Score of 40 out of 100 (Fair). 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, Fortenberry Fund Inc 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 (2011)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.1%.
Executive Compensation Analysis
Officer compensation was reported as 0% in the 2011 filing, suggesting no salaries were paid to officers relative to the organization's small size and limited 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 Fortenberry Fund Inc's IRS 990 filings:
- No recent financial activity reported (latest revenue and assets are $0)
- Only one IRS 990 filing available, dating back to 2011
- Expenses ($44,150) significantly exceeded revenue ($11,062) in the 2011 filing
Strengths
The following positive indicators were identified for Fortenberry Fund Inc:
- No officer compensation reported in 2011 filing
Frequently Asked Questions about Fortenberry Fund Inc
Is Fortenberry Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fortenberry Fund Inc (EIN: 205358971) significant concerns. Mission Score: 40/100. 3 red flags identified, 1 strength noted.
How does Fortenberry Fund Inc spend its money?
Fortenberry Fund Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fortenberry Fund Inc tax-deductible?
Fortenberry Fund Inc is registered as a tax-exempt nonprofit (EIN: 205358971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fortenberry Fund Inc. still an active charity?
Based on the latest reported revenue and assets of $0 and only one filing from 2011, it is unclear if Fortenberry Fund Inc. is still actively operating as a charity.
What were the primary expenses for Fortenberry Fund Inc. in 2011?
The 2011 filing shows total expenses of $44,150, but specific breakdowns of these expenses are not provided in the summary data.
Filing History
IRS 990 filing history for Fortenberry Fund Inc showing financial trends over 1 year of public records:
In its most recent filing year (2011), Fortenberry Fund Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $33K in liabilities against $112K in assets (debt-to-asset ratio: 29.1%), resulting in net assets of $80K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2011 | $11K | $44K | $112K | $33K | — | View 990 |
Data Sources and Methodology
This transparency report for Fortenberry Fund 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.