Frenchboro Future Development Corp
Frenchboro Future Development Corp: Declining Revenue, Minimal Program Spending
EIN: 222847422 · Frenchboro, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $4K |
| Net Assets | $74K |
| Transparency Score | 40/100 |
Is Frenchboro Future Development Corp Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Frenchboro Future Development Corp
Frenchboro Future Development Corp (EIN: 222847422) is a nonprofit organization based in Frenchboro, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frenchboro Future Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frenchboro Future Development Corp is a micro nonprofit that has been operating for 39 years, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of -58.3%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $608 |
| Total Expenses | $4K |
| Surplus / Deficit | $-3,131 |
| Total Assets | $74K |
| Net Assets | $74K |
| Operating Margin | -515.0% |
| Months of Reserves | 238.8 months |
Financial Health Grade: B
In 2015, Frenchboro Future Development Corp reported a deficit of $3K with expenses exceeding revenue, holds 238.8 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2012–2015), Frenchboro Future Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -58.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -58.2% | +180.9% | -27.1% |
| 2014 | -75.2% | -95.7% | -0.5% |
| 2013 | -30.1% | +2406.3% | -43.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Frenchboro Future Development Corp with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Frenchboro Future Development Corp allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures are reported in the available filings.
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 Frenchboro Future Development Corp's IRS 990 filings:
- 0% of spending allocated to programs for all reported years.
- Significant and consistent decline in revenue over the years.
- Lack of information regarding specific activities or impact despite administrative expenses.
Strengths
The following positive indicators were identified for Frenchboro Future Development Corp:
- Consistent filing of financial reports.
Frequently Asked Questions about Frenchboro Future Development Corp
Is Frenchboro Future Development Corp a legitimate charity?
Frenchboro Future Development Corp (EIN: 222847422) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 40/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Frenchboro Future Development Corp spend its money?
Frenchboro Future Development Corp reported its financials in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Frenchboro Future Development Corp tax-deductible?
Frenchboro Future Development Corp is registered as a tax-exempt nonprofit (EIN: 222847422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Frenchboro Future Development Corp located?
Frenchboro Future Development Corp is headquartered in Frenchboro, Maine and files with the IRS under EIN 222847422.
How many years of IRS 990 filings does Frenchboro Future Development Corp have?
Frenchboro Future Development Corp has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What does Frenchboro Future Development Corp do?
Frenchboro Future Development Corp is a nonprofit organization in the Unknown sector, located in Frenchboro, Maine. It is classified under NTEE code Unknown.
How much revenue does Frenchboro Future Development Corp have?
Frenchboro Future Development Corp reported total revenue of N/A. Based on 4 IRS 990 filings on record.
What are Frenchboro Future Development Corp's total assets?
Frenchboro Future Development Corp holds total assets of N/A as reported in IRS 990 filings.
Where is Frenchboro Future Development Corp located?
Frenchboro Future Development Corp is based in Frenchboro, Maine.
What is Frenchboro Future Development Corp's EIN?
Frenchboro Future Development Corp's Employer Identification Number (EIN) is 222847422. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Frenchboro Future Development Corp?
Frenchboro Future Development Corp is classified under NTEE code Unknown (Unknown).
Is Frenchboro Future Development Corp a registered 501(c)(3)?
Frenchboro Future Development Corp appears in IRS records (EIN: 222847422). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Frenchboro Future Development Corp file IRS Form 990?
Yes, Frenchboro Future Development Corp has 4 IRS Form 990 filings on record. The most recent covers tax period 201501.
What was Frenchboro Future Development Corp's revenue in 2015?
In the 201501 filing period, Frenchboro Future Development Corp reported total revenue of $608, total expenses of $3,739, and net assets of $74,414.
Is Frenchboro Future Development Corp's revenue growing or declining?
Frenchboro Future Development Corp's revenue is declining. Revenue went from $1,453 (201401) to $608 (201501), a -58.2% change. Based on 4 filings on record.
What is Frenchboro Future Development Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Frenchboro Future Development Corp covers tax period 201501. It shows revenue of $608, expenses of $3,739, total assets of $74,414, and liabilities of N/A.
Is Frenchboro Future Development Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Frenchboro Future Development Corp shows mixed signals. Mission Score: 40/100 (Fair). 3 red flags identified. 1 strength noted.
What are the red flags for Frenchboro Future Development Corp?
The following concerns were identified: 0% of spending allocated to programs for all reported years.. Significant and consistent decline in revenue over the years.. Lack of information regarding specific activities or impact despite administrative expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Frenchboro Future Development Corp's strengths?
Positive indicators for Frenchboro Future Development Corp include: Consistent filing of financial reports.. These findings are derived from AI analysis of the organization's financial filings.
How does Frenchboro Future Development Corp compensate executives?
Executive compensation cannot be assessed as no compensation figures are reported in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% program spending, what is the actual purpose and impact of Frenchboro Future Development Corp?
Without any reported program expenses, it's unclear how the organization is fulfilling any stated mission. The administrative expenses of $3,739 in 2015, $1,331 in 2014, $31,153 in 2013, and $1,243 in 2012 appear to be for overhead without direct programmatic output.
Filing History
IRS 990 filing history for Frenchboro Future Development Corp showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Frenchboro Future Development Corp's revenue has declined by 92.7%, moving from $8K to $608. Total assets decreased by 58.9% over the same period, from $181K to $74K. Total functional expenses rose by 200.8%, from $1K to $4K. In its most recent filing year (2015), Frenchboro Future Development Corp reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $608 | $4K | $74K | $0 | — | View 990 |
| 2014 | $1K | $1K | $102K | $0 | — | View 990 |
| 2013 | $6K | $31K | $103K | $600 | — | View 990 |
| 2012 | $8K | $1K | $181K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $608, expenses of $4K, and assets of $74K (revenue -58.2% year-over-year).
- 2014: Revenue of $1K, expenses of $1K, and assets of $102K (revenue -75.2% year-over-year).
- 2013: Revenue of $6K, expenses of $31K, and assets of $103K (revenue -30.1% year-over-year).
- 2012: Revenue of $8K, expenses of $1K, and assets of $181K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frenchboro Future Development Corp:
Data Sources and Methodology
This transparency report for Frenchboro Future Development Corp 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.