Fred Forsyth Educational Trust
Fred Forsyth Educational Trust consistently operates with volunteer leadership and substantial assets, funding educational programs.
EIN: 16059631 · Portland, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $293K |
| Total Expenses | $66K |
| Program Spending | 90% |
| Net Assets | $830K |
| Transparency Score | 85/100 |
Is Fred Forsyth Educational Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fred Forsyth Educational Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fred Forsyth Educational Trust
Fred Forsyth Educational Trust (EIN: 16059631) is a nonprofit organization based in Portland, ME, classified under NTEE code T22. The organization reported total revenue of $293K and total assets of $777K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fred Forsyth Educational Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fred Forsyth Educational Trust is a small nonprofit that has been operating for 15 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -21.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $66K |
| Surplus / Deficit | $-61,693 |
| Total Assets | $830K |
| Total Liabilities | $1 |
| Net Assets | $830K |
| Operating Margin | -1465.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 151.1 months |
Financial Health Grade: B
In 2023, Fred Forsyth Educational Trust reported a deficit of $62K with expenses exceeding revenue, holds 151.1 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 (2012–2023), Fred Forsyth Educational Trust's revenue has declined at a compound annual growth rate (CAGR) of -21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -97.5% | +3.4% | -6.2% |
| 2022 | +123.4% | +12.1% | -3.6% |
| 2021 | +36.0% | +4.7% | +18.8% |
| 2020 | +1500.0% | +14.0% | +1.4% |
| 2016 | -88.5% | +7.4% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
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 Fred Forsyth Educational Trust 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Fred Forsyth Educational Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $62K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteer leadership. This is a significant positive, as it means all operational expenses are directed towards program delivery and administrative overhead, rather than executive salaries.
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 Fred Forsyth Educational Trust's IRS 990 filings:
- Consistent deficit spending in some years (e.g., 202307 expenses $65,904 vs. revenue $4,211) could deplete assets over the long term if not managed.
Strengths
The following positive indicators were identified for Fred Forsyth Educational Trust:
- 100% volunteer leadership (0% officer compensation) across all reported periods, maximizing funds for mission.
- Strong program focus, with an estimated 90% of spending directed to programs.
- Substantial asset base ($830,036 in 202307) provides financial stability and long-term sustainability.
- Very low liabilities ($1 in recent years) indicates sound financial management and minimal debt.
- Consistent IRS 990 filing history demonstrates good transparency.
Frequently Asked Questions about Fred Forsyth Educational Trust
Is Fred Forsyth Educational Trust a legitimate charity?
Fred Forsyth Educational Trust (EIN: 16059631) 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: $293K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Fred Forsyth Educational Trust spend its money?
Fred Forsyth Educational Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Fred Forsyth Educational Trust tax-deductible?
Fred Forsyth Educational Trust is registered as a tax-exempt nonprofit (EIN: 16059631). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Fred Forsyth Educational Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Fred Forsyth Educational Trust is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fred Forsyth Educational Trust located?
Fred Forsyth Educational Trust is headquartered in Portland, Maine and files with the IRS under EIN 16059631. It is classified under NTEE code T22.
How many years of IRS 990 filings does Fred Forsyth Educational Trust have?
Fred Forsyth Educational Trust 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 $293K in total revenue.
Is Fred Forsyth Educational Trust a good charity?
Based on the available data, the Fred Forsyth Educational Trust appears to be a good charity. It has a clear mission (NTEE T22 - Scholarships), operates with volunteer leadership (0% officer compensation), and consistently directs its resources towards its educational purpose. Its substantial asset base ($830,036 in 202307) provides financial stability.
How does the organization fund its operations given fluctuating revenue?
The organization appears to rely on its substantial asset base to fund operations, especially in years where expenses exceed revenue, such as 202307 ($4,211 revenue vs. $65,904 expenses). This suggests an endowment or investment income strategy, allowing it to maintain consistent program spending despite varying annual contributions.
What is the trend in the organization's assets?
The organization's assets have fluctuated over time, from $756,212 in 201207 to a high of $917,595 in 202107, and most recently $830,036 in 202307. While there isn't a consistent upward trend, the assets remain substantial and well above annual expenses, indicating financial resilience.
Filing History
IRS 990 filing history for Fred Forsyth Educational Trust showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Fred Forsyth Educational Trust's revenue has declined by 92.5%, moving from $56K to $4K. Total assets increased by 9.8% over the same period, from $756K to $830K. Total functional expenses rose by 170.5%, from $24K to $66K. In its most recent filing year (2023), Fred Forsyth Educational Trust reported a deficit of $62K, with expenses exceeding revenue. The organization holds $1 in liabilities against $830K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $830K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $66K | $830K | $1 | — | View 990 |
| 2022 | $169K | $64K | $885K | $1 | — | View 990 |
| 2021 | $76K | $57K | $918K | $1 | — | View 990 |
| 2020 | $56K | $54K | $772K | $1 | — | View 990 |
| 2016 | $3K | $48K | $762K | $0 | — | View 990 |
| 2015 | $30K | $44K | $811K | $0 | — | View 990 |
| 2014 | $30K | $52K | $820K | $0 | — | View 990 |
| 2013 | $127K | $32K | $829K | $0 | — | View 990 |
| 2012 | $56K | $24K | $756K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $66K, and assets of $830K (revenue -97.5% year-over-year).
- 2022: Revenue of $169K, expenses of $64K, and assets of $885K (revenue +123.4% year-over-year).
- 2021: Revenue of $76K, expenses of $57K, and assets of $918K (revenue +36.0% year-over-year).
- 2020: Revenue of $56K, expenses of $54K, and assets of $772K (revenue +1500.0% year-over-year).
- 2016: Revenue of $3K, expenses of $48K, and assets of $762K (revenue -88.5% year-over-year).
- 2015: Revenue of $30K, expenses of $44K, and assets of $811K (revenue +1.1% year-over-year).
- 2014: Revenue of $30K, expenses of $52K, and assets of $820K (revenue -76.5% year-over-year).
- 2013: Revenue of $127K, expenses of $32K, and assets of $829K (revenue +125.7% year-over-year).
- 2012: Revenue of $56K, expenses of $24K, and assets of $756K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fred Forsyth Educational Trust:
Data Sources and Methodology
This transparency report for Fred Forsyth Educational Trust 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.