Fred Forsyth Trust Fbo Elm Street Congregational Church
Fred Forsyth Trust consistently spends more than it earns, drawing down assets.
EIN: 16057970 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19K |
| Total Expenses | $10K |
| Program Spending | 85% |
| Net Assets | $74K |
| Transparency Score | 70/100 |
Is Fred Forsyth Trust Fbo Elm Street Congregational Church Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fred Forsyth Trust Fbo Elm Street Congregational Church directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fred Forsyth Trust Fbo Elm Street Congregational Church
Fred Forsyth Trust Fbo Elm Street Congregational Church (EIN: 16057970) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $19K and total assets of $76K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fred Forsyth Trust Fbo Elm Street Congregational Church's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fred Forsyth Trust Fbo Elm Street Congregational Church is a micro nonprofit that has been operating for 44 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $10K |
| Surplus / Deficit | $-8,061 |
| Total Assets | $74K |
| Total Liabilities | $1 |
| Net Assets | $74K |
| Operating Margin | -446.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 90.4 months |
Financial Health Grade: B
In 2023, Fred Forsyth Trust Fbo Elm Street Congregational Church reported a deficit of $8K with expenses exceeding revenue, holds 90.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Fred Forsyth Trust Fbo Elm Street Congregational Church's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.3% | -15.1% | -9.8% |
| 2022 | -55.1% | +10.7% | -7.2% |
| 2021 | +86.1% | +4.7% | -1.2% |
| 2020 | -22.6% | +27.7% | -4.5% |
| 2019 | +65.4% | -42.0% | -14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Trust Fbo Elm Street Congregational Church with a Mission Score of 70 out of 100 (Good). 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: 85%
- fundraising: 0%
According to IRS 990 filings, Fred Forsyth Trust Fbo Elm Street Congregational Church allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 $8K, 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 no officers or key employees receive salaries from the trust, which is highly efficient for an organization of its 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.
Red Flags
The following concerns were identified during AI analysis of Fred Forsyth Trust Fbo Elm Street Congregational Church's IRS 990 filings:
- Consistent deficit spending, with expenses frequently exceeding revenue (e.g., $9,868 expenses vs. $1,807 revenue in 2023).
- Declining asset base over the past decade, from $112,621 in 2011 to $74,346 in 2023, indicating unsustainable financial operations without new funding.
Strengths
The following positive indicators were identified for Fred Forsyth Trust Fbo Elm Street Congregational Church:
- Zero executive compensation, indicating highly efficient use of funds regarding leadership salaries.
- Consistent IRS 990 filing history, demonstrating good financial transparency over a long period.
- Very low liabilities, consistently reported as $0 or $1, indicating strong financial solvency in terms of debt.
Frequently Asked Questions about Fred Forsyth Trust Fbo Elm Street Congregational Church
Is Fred Forsyth Trust Fbo Elm Street Congregational Church a legitimate charity?
Fred Forsyth Trust Fbo Elm Street Congregational Church (EIN: 16057970) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $19K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Fred Forsyth Trust Fbo Elm Street Congregational Church spend its money?
Fred Forsyth Trust Fbo Elm Street Congregational Church directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Fred Forsyth Trust Fbo Elm Street Congregational Church tax-deductible?
Fred Forsyth Trust Fbo Elm Street Congregational Church is registered as a tax-exempt nonprofit (EIN: 16057970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fred Forsyth Trust Fbo Elm Street Congregational Church located?
Fred Forsyth Trust Fbo Elm Street Congregational Church is headquartered in Bangor, Maine and files with the IRS under EIN 16057970.
How many years of IRS 990 filings does Fred Forsyth Trust Fbo Elm Street Congregational Church have?
Fred Forsyth Trust Fbo Elm Street Congregational Church has 10 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 $19K in total revenue.
What are the specific program activities or distributions made by the trust?
The provided data does not detail specific program activities or distributions, only total expenses. Given its name, it likely provides financial support to the Elm Street Congregational Church.
What is the long-term sustainability plan given the consistent deficit spending?
With expenses frequently exceeding revenue (e.g., $1,807 revenue vs. $9,868 expenses in 2023), the trust's assets have declined from $112,621 in 2011 to $74,346 in 2023. This trend suggests a reliance on asset drawdowns, which is not sustainable indefinitely without new significant revenue sources.
Why is the NTEE code unknown for this organization?
The NTEE code being unknown could be due to the specific nature of the trust or how it was classified, but it slightly limits understanding its precise charitable focus within the broader nonprofit sector.
Filing History
IRS 990 filing history for Fred Forsyth Trust Fbo Elm Street Congregational Church showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fred Forsyth Trust Fbo Elm Street Congregational Church's revenue has declined by 45.5%, moving from $3K to $2K. Total assets decreased by 34% over the same period, from $113K to $74K. Total functional expenses rose by 0.1%, from $10K to $10K. In its most recent filing year (2023), Fred Forsyth Trust Fbo Elm Street Congregational Church reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $74K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $74K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $10K | $74K | $1 | — | — |
| 2022 | $5K | $12K | $82K | $1 | — | View 990 |
| 2021 | $11K | $10K | $89K | $1 | — | — |
| 2020 | $6K | $10K | $90K | $1 | — | — |
| 2019 | $7K | $8K | $94K | $0 | — | View 990 |
| 2015 | $4K | $14K | $110K | $0 | — | View 990 |
| 2014 | $21K | $12K | $119K | $0 | — | View 990 |
| 2013 | $5K | $9K | $109K | $0 | — | View 990 |
| 2012 | $10K | $9K | $114K | $0 | — | View 990 |
| 2011 | $3K | $10K | $113K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $10K, and assets of $74K (revenue -62.3% year-over-year).
- 2022: Revenue of $5K, expenses of $12K, and assets of $82K (revenue -55.1% year-over-year).
- 2021: Revenue of $11K, expenses of $10K, and assets of $89K (revenue +86.1% year-over-year).
- 2020: Revenue of $6K, expenses of $10K, and assets of $90K (revenue -22.6% year-over-year).
- 2019: Revenue of $7K, expenses of $8K, and assets of $94K (revenue +65.4% year-over-year).
- 2015: Revenue of $4K, expenses of $14K, and assets of $110K (revenue -78.8% year-over-year).
- 2014: Revenue of $21K, expenses of $12K, and assets of $119K (revenue +364.4% year-over-year).
- 2013: Revenue of $5K, expenses of $9K, and assets of $109K (revenue -54.1% year-over-year).
- 2012: Revenue of $10K, expenses of $9K, and assets of $114K (revenue +199.1% year-over-year).
- 2011: Revenue of $3K, expenses of $10K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fred Forsyth Trust Fbo Elm Street Congregational Church:
Data Sources and Methodology
This transparency report for Fred Forsyth Trust Fbo Elm Street Congregational Church 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.