Freeport Conservation Trust
Freeport Conservation Trust consistently grows assets with zero officer compensation and strong financial management.
EIN: 10357213 · Freeport, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $311K |
| Total Expenses | $199K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $4.2M |
| Transparency Score | 95/100 |
Is Freeport Conservation Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Freeport Conservation Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Freeport Conservation Trust
Freeport Conservation Trust (EIN: 10357213) is a nonprofit organization based in Freeport, ME. The organization reported total revenue of $311K and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freeport Conservation Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freeport Conservation Trust is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $215K |
| Total Expenses | $199K |
| Surplus / Deficit | +$15K |
| Total Assets | $4.2M |
| Total Liabilities | $11K |
| Net Assets | $4.2M |
| Operating Margin | 7.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 251.5 months |
Financial Health Grade: A
In 2023, Freeport Conservation Trust reported a surplus of $15K with revenue exceeding expenses, holds 251.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Freeport Conservation Trust's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.5% | +13.6% | +5.8% |
| 2022 | +12.8% | +34.9% | -5.7% |
| 2021 | -71.7% | +74.4% | +6.8% |
| 2020 | +75.7% | +9.8% | +23.9% |
| 2019 | +219.3% | -18.1% | +18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Freeport Conservation Trust with a Mission Score of 95 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Freeport Conservation Trust allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with assets exceeding $4 million and suggests a volunteer-led or very lean operational structure, maximizing funds for direct mission activities.
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 Freeport Conservation Trust's IRS 990 filings:
- Significant year-to-year revenue volatility could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Freeport Conservation Trust:
- Consistent asset growth, increasing from $2.04 million in 2014 to $4.17 million in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency in directing funds to mission.
- Expenses consistently managed below revenue in most years, contributing to financial stability.
- Low liabilities, often $0, demonstrating strong financial management and minimal debt.
- Consistent IRS 990 filing history, indicating strong transparency and compliance.
Frequently Asked Questions about Freeport Conservation Trust
Is Freeport Conservation Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Freeport Conservation Trust (EIN: 10357213) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Freeport Conservation Trust spend its money?
Freeport Conservation Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Freeport Conservation Trust tax-deductible?
Freeport Conservation Trust is registered as a tax-exempt nonprofit (EIN: 10357213). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Freeport Conservation Trust CEO make?
Freeport Conservation Trust's highest-compensated officer earns $4 annually. The organization reported $311K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Freeport Conservation Trust's spending goes to programs?
Freeport Conservation Trust directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Freeport Conservation Trust located?
Freeport Conservation Trust is headquartered in Freeport, Maine and files with the IRS under EIN 10357213.
How many years of IRS 990 filings does Freeport Conservation Trust have?
Freeport Conservation Trust 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 $311K in total revenue.
How does Freeport Conservation Trust manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that executive services are provided pro bono, allowing a greater proportion of funds to be allocated to its conservation programs.
What is the primary source of Freeport Conservation Trust's revenue fluctuations?
The significant fluctuations in revenue, such as $957,293 in 2015 compared to $119,744 in 2014, could indicate reliance on large, infrequent grants, major individual donations, or capital campaigns for land acquisition or specific projects, rather than a steady stream of smaller contributions.
How does the organization's asset growth relate to its mission?
The consistent growth in assets, from $2.04 million in 2014 to $4.17 million in 2023, likely reflects successful land acquisitions, endowment growth, or capital improvements, directly supporting its conservation mission by securing and maintaining natural spaces.
Filing History
IRS 990 filing history for Freeport Conservation Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Freeport Conservation Trust's revenue has grown by 239.3%, moving from $63K to $215K. Total assets increased by 51.8% over the same period, from $2.8M to $4.2M. Total functional expenses rose by 298%, from $50K to $199K. In its most recent filing year (2023), Freeport Conservation Trust reported a surplus of $15K, with revenue exceeding expenses. The organization holds $11K in liabilities against $4.2M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $199K | $4.2M | $11K | — | View 990 |
| 2022 | $225K | $176K | $3.9M | $21K | — | View 990 |
| 2021 | $199K | $130K | $4.2M | $0 | — | — |
| 2020 | $704K | $75K | $3.9M | $0 | — | — |
| 2019 | $401K | $68K | $3.2M | $0 | — | View 990 |
| 2018 | $126K | $83K | $2.7M | $0 | — | View 990 |
| 2017 | $164K | $70K | $2.7M | $0 | — | View 990 |
| 2016 | $370K | $344K | $2.5M | $0 | — | View 990 |
| 2015 | $957K | $576K | $2.4M | $427 | — | View 990 |
| 2014 | $120K | $67K | $2.0M | $0 | — | View 990 |
| 2013 | $129K | $62K | $3.0M | $0 | — | View 990 |
| 2012 | $121K | $63K | $2.8M | $0 | — | View 990 |
| 2011 | $63K | $50K | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $199K, and assets of $4.2M (revenue -4.5% year-over-year).
- 2022: Revenue of $225K, expenses of $176K, and assets of $3.9M (revenue +12.8% year-over-year).
- 2021: Revenue of $199K, expenses of $130K, and assets of $4.2M (revenue -71.7% year-over-year).
- 2020: Revenue of $704K, expenses of $75K, and assets of $3.9M (revenue +75.7% year-over-year).
- 2019: Revenue of $401K, expenses of $68K, and assets of $3.2M (revenue +219.3% year-over-year).
- 2018: Revenue of $126K, expenses of $83K, and assets of $2.7M (revenue -23.4% year-over-year).
- 2017: Revenue of $164K, expenses of $70K, and assets of $2.7M (revenue -55.6% year-over-year).
- 2016: Revenue of $370K, expenses of $344K, and assets of $2.5M (revenue -61.4% year-over-year).
- 2015: Revenue of $957K, expenses of $576K, and assets of $2.4M (revenue +699.4% year-over-year).
- 2014: Revenue of $120K, expenses of $67K, and assets of $2.0M (revenue -6.8% year-over-year).
- 2013: Revenue of $129K, expenses of $62K, and assets of $3.0M (revenue +6.6% year-over-year).
- 2012: Revenue of $121K, expenses of $63K, and assets of $2.8M (revenue +90.6% year-over-year).
- 2011: Revenue of $63K, expenses of $50K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freeport Conservation Trust:
Data Sources and Methodology
This transparency report for Freeport Conservation 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.