Foundation 51

Foundation 51 maintains strong asset base with volunteer leadership and no liabilities.

EIN: 10517536 · Cumberland, ME · NTEE: B80 · Updated: 2026-03-28

$38KRevenue

$277KAssets

92/100Mission Score (Excellent)

B80

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.

AI Transparency Report

Foundation 51 demonstrates consistent financial stability with a healthy asset base relative to its revenue. In the latest filing (202312), the organization reported assets of $277,029 against revenue of $30,569, indicating a strong reserve. While expenses ($33,065) slightly exceeded revenue in 2023, this is not a significant concern given the overall asset position and the historical trend of fluctuating revenue and expenses. The organization consistently reports zero liabilities, which is a strong indicator of financial health and responsible management. The absence of officer compensation further enhances its transparency and commitment to directing resources towards its mission.

The organization's spending efficiency appears to be very high, primarily due to its volunteer-driven model as evidenced by 0% officer compensation across all reported periods. This suggests that a very high proportion of its expenditures are likely directed towards program services, rather than administrative overhead or fundraising costs. The consistent reporting of zero liabilities and the detailed filing history contribute positively to its transparency.

Overall, Foundation 51 appears to be a financially sound and efficiently run small nonprofit. Its strong asset base, lack of debt, and volunteer leadership model are significant strengths, allowing it to maintain operations even during periods of lower revenue. The consistent filing of IRS Form 990s over many years also demonstrates a commitment to transparency.

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.

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 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.	PDF
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.

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.