Foundation 51
Foundation 51 maintains strong asset base with volunteer leadership and no liabilities.
EIN: 10517536 · Cumberland, ME · NTEE: B80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $38K |
| Total Expenses | $33K |
| Program Spending | 90% |
| Net Assets | $277K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Foundation 51 Form 990, Revenue, CEO Pay, and IRS Filing Signals
Foundation 51 is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Foundation 51 in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $31K and expenses of $33K.
Revenue and Expenses
Foundation 51 reported $31K in revenue and $33K in expenses, a deficit of $2K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
Is Foundation 51 Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $30K (90%) |
Across stored filings, Foundation 51 shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Cumberland, ME nonprofitsEducation in Maine
Education in Maine
Follow the Money
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Donation Decision Flow
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Verify
Appears Legitimate. Check deductibility, filings, and red flags.
2Understand money
90% of spending goes to programs.
3Compare
Benchmark against Maine Composite Materials Applied Technology Development Center.
4Decide
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Keep the Investigation Moving
Foundation 51 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation 51
Foundation 51 (EIN: 10517536) is a nonprofit organization based in Cumberland, ME, classified under NTEE code B80. The organization reported total revenue of $38K and total assets of $277K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation 51's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation 51 is a micro nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $33K |
| Surplus / Deficit | $-2,496 |
| Total Assets | $277K |
| Net Assets | $277K |
| Operating Margin | -8.2% |
| Months of Reserves | 100.5 months |
Financial Health Grade: B
In 2023, Foundation 51 reported a deficit of $2K with expenses exceeding revenue, holds 100.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Foundation 51's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.5% | +38.4% | +7.5% |
| 2022 | +42.6% | +4.9% | -14.9% |
| 2021 | +80.0% | +21.2% | +11.6% |
| 2020 | -44.9% | -57.5% | +11.7% |
| 2019 | -57.3% | +465.1% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Foundation 51 with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Foundation 51 allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating a volunteer-led organization, which is highly efficient for a nonprofit of this size.
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 Foundation 51:
- Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
- Zero liabilities reported across all filings, demonstrating strong financial management.
- Healthy asset base ($277,029 in 2023) relative to revenue, providing financial stability.
- Consistent filing of IRS Form 990s over 13 periods, showing commitment to transparency.
Frequently Asked Questions about Foundation 51
Is Foundation 51 a legitimate charity?
Foundation 51 (EIN: 10517536) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $38K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Foundation 51 spend its money?
Foundation 51 directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Foundation 51 tax-deductible?
Foundation 51 is registered as a tax-exempt nonprofit (EIN: 10517536). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foundation 51's spending goes to programs?
Foundation 51 directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation 51 compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Foundation 51 is above average for NTEE category B80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation 51 located?
Foundation 51 is headquartered in Cumberland, Maine and files with the IRS under EIN 10517536. It is classified under NTEE code B80.
How many years of IRS 990 filings does Foundation 51 have?
Foundation 51 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 $38K in total revenue.
Is Foundation 51 a good charity?
Based on its financial data, Foundation 51 appears to be a very good charity. It has a strong asset base ($277,029 in 2023), no liabilities, and operates with 0% officer compensation, suggesting high efficiency and dedication to its mission.
How does Foundation 51 manage its finances given fluctuating revenue?
Foundation 51 manages revenue fluctuations by maintaining a substantial asset base. For example, in 2023, assets were $277,029, significantly higher than its $30,569 revenue, providing a buffer for periods where expenses ($33,065) might slightly exceed income.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is to pay none. Officer compensation is consistently reported as 0% across all 13 filings, indicating a volunteer-driven leadership structure.
Filing History
IRS 990 filing history for Foundation 51 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation 51's revenue has grown by 15.7%, moving from $26K to $31K. Total assets increased by 38.8% over the same period, from $200K to $277K. Total functional expenses rose by 2.5%, from $32K to $33K. In its most recent filing year (2023), Foundation 51 reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31K | $33K | $277K | $0 | — | — |
| 2022 | $27K | $24K | $258K | $0 | — | View 990 |
| 2021 | $19K | $23K | $303K | $0 | — | View 990 |
| 2020 | $10K | $19K | $271K | $0 | — | View 990 |
| 2019 | $19K | $44K | $243K | $0 | — | View 990 |
| 2018 | $45K | $8K | $251K | $0 | — | View 990 |
| 2017 | $7K | $29K | $224K | $0 | — | View 990 |
| 2016 | $26K | $10K | $228K | $0 | — | View 990 |
| 2015 | $15K | $16K | $220K | $0 | — | View 990 |
| 2014 | $9K | $3K | $220K | $0 | — | View 990 |
| 2013 | $36K | $43K | $215K | $0 | — | View 990 |
| 2012 | $2K | $27K | $195K | $0 | — | View 990 |
| 2011 | $26K | $32K | $200K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31K, expenses of $33K, and assets of $277K (revenue +13.5% year-over-year).
- 2022: Revenue of $27K, expenses of $24K, and assets of $258K (revenue +42.6% year-over-year).
- 2021: Revenue of $19K, expenses of $23K, and assets of $303K (revenue +80.0% year-over-year).
- 2020: Revenue of $10K, expenses of $19K, and assets of $271K (revenue -44.9% year-over-year).
- 2019: Revenue of $19K, expenses of $44K, and assets of $243K (revenue -57.3% year-over-year).
- 2018: Revenue of $45K, expenses of $8K, and assets of $251K (revenue +520.6% year-over-year).
- 2017: Revenue of $7K, expenses of $29K, and assets of $224K (revenue -71.9% year-over-year).
- 2016: Revenue of $26K, expenses of $10K, and assets of $228K (revenue +70.8% year-over-year).
- 2015: Revenue of $15K, expenses of $16K, and assets of $220K (revenue +76.5% year-over-year).
- 2014: Revenue of $9K, expenses of $3K, and assets of $220K (revenue -76.1% year-over-year).
- 2013: Revenue of $36K, expenses of $43K, and assets of $215K (revenue +1458.7% year-over-year).
- 2012: Revenue of $2K, expenses of $27K, and assets of $195K (revenue -91.4% year-over-year).
- 2011: Revenue of $26K, expenses of $32K, and assets of $200K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation 51:
Data Sources and Methodology
This transparency report for Foundation 51 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.