Friends Of Cobbossee Watershed District
Friends Of Cobbossee Watershed District maintains stable finances with no reported officer compensation.
EIN: 10545442 · East Winthrop, ME · NTEE: C32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $662K |
| Total Expenses | $454K |
| Program Spending | 90% |
| Net Assets | $135K |
| Transparency Score | 92/100 |
Is Friends Of Cobbossee Watershed District Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Cobbossee Watershed District directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Cobbossee Watershed District
Friends Of Cobbossee Watershed District (EIN: 10545442) is a nonprofit organization based in East Winthrop, ME, classified under NTEE code C32. The organization reported total revenue of $662K and total assets of $166K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Cobbossee Watershed District's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Cobbossee Watershed District is a small nonprofit that has been operating for 24 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $440K |
| Total Expenses | $454K |
| Surplus / Deficit | $-14,208 |
| Total Assets | $162K |
| Total Liabilities | $27K |
| Net Assets | $135K |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 16.8% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2021, Friends Of Cobbossee Watershed District reported a deficit of $14K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 16.8% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Friends Of Cobbossee Watershed District's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -14.8% | +5.0% | +2.3% |
| 2020 | +12.2% | -7.9% | +112.7% |
| 2019 | +14.8% | +20.9% | -18.5% |
| 2018 | +26.0% | +35.5% | +23.1% |
| 2017 | +32.4% | +15.8% | -18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Friends Of Cobbossee Watershed District 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Friends Of Cobbossee Watershed District 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.8%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for resource allocation to programs.
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 Friends Of Cobbossee Watershed District:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Stable financial operations with revenues generally covering expenses over the past decade.
- Growth in revenue over time, demonstrating increasing capacity and support.
- Modest asset base relative to revenue, suggesting efficient use of funds rather than excessive accumulation.
Frequently Asked Questions about Friends Of Cobbossee Watershed District
Is Friends Of Cobbossee Watershed District a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Cobbossee Watershed District (EIN: 10545442) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Friends Of Cobbossee Watershed District spend its money?
Friends Of Cobbossee Watershed District directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Cobbossee Watershed District tax-deductible?
Friends Of Cobbossee Watershed District is registered as a tax-exempt nonprofit (EIN: 10545442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of Cobbossee Watershed District compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends Of Cobbossee Watershed District is above average for NTEE category C32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Cobbossee Watershed District located?
Friends Of Cobbossee Watershed District is headquartered in East Winthrop, Maine and files with the IRS under EIN 10545442. It is classified under NTEE code C32.
How many years of IRS 990 filings does Friends Of Cobbossee Watershed District have?
Friends Of Cobbossee Watershed District has 11 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 $662K in total revenue.
Is Friends Of Cobbossee Watershed District a good charity?
Based on the available IRS 990 data, Friends Of Cobbossee Watershed District appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its revenues and expenses are generally balanced, and it has shown growth in its financial capacity over time.
How does Friends Of Cobbossee Watershed District manage its administrative costs?
The organization demonstrates excellent control over administrative costs, particularly regarding executive compensation, which is reported at 0% across all filings. This suggests a highly efficient operational model with minimal overhead in leadership salaries, allowing more resources to be allocated to program activities.
What is the trend in the organization's financial growth?
Friends Of Cobbossee Watershed District has shown a positive trend in financial growth. Its revenue has increased from $219,251 in 2012 to $439,874 in 2021, with the latest reported revenue at $661,686. This indicates an expanding capacity to fulfill its mission.
Filing History
IRS 990 filing history for Friends Of Cobbossee Watershed District showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Friends Of Cobbossee Watershed District's revenue has grown by 101.5%, moving from $218K to $440K. Total assets increased by 103.5% over the same period, from $80K to $162K. Total functional expenses rose by 76.6%, from $257K to $454K. In its most recent filing year (2021), Friends Of Cobbossee Watershed District reported a deficit of $14K, with expenses exceeding revenue. The organization holds $27K in liabilities against $162K in assets (debt-to-asset ratio: 16.8%), resulting in net assets of $135K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $440K | $454K | $162K | $27K | — | View 990 |
| 2020 | $516K | $432K | $158K | $9K | — | View 990 |
| 2019 | $460K | $470K | $74K | $10K | — | View 990 |
| 2018 | $401K | $388K | $91K | $17K | — | View 990 |
| 2017 | $318K | $287K | $74K | $12K | — | View 990 |
| 2016 | $240K | $248K | $92K | $61K | — | View 990 |
| 2015 | $242K | $246K | $38K | $111 | — | View 990 |
| 2014 | $212K | $211K | $41K | $53 | — | View 990 |
| 2013 | $253K | $258K | $40K | $0 | — | View 990 |
| 2012 | $219K | $247K | $47K | $2K | — | View 990 |
| 2011 | $218K | $257K | $80K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $440K, expenses of $454K, and assets of $162K (revenue -14.8% year-over-year).
- 2020: Revenue of $516K, expenses of $432K, and assets of $158K (revenue +12.2% year-over-year).
- 2019: Revenue of $460K, expenses of $470K, and assets of $74K (revenue +14.8% year-over-year).
- 2018: Revenue of $401K, expenses of $388K, and assets of $91K (revenue +26.0% year-over-year).
- 2017: Revenue of $318K, expenses of $287K, and assets of $74K (revenue +32.4% year-over-year).
- 2016: Revenue of $240K, expenses of $248K, and assets of $92K (revenue -0.8% year-over-year).
- 2015: Revenue of $242K, expenses of $246K, and assets of $38K (revenue +14.3% year-over-year).
- 2014: Revenue of $212K, expenses of $211K, and assets of $41K (revenue -16.3% year-over-year).
- 2013: Revenue of $253K, expenses of $258K, and assets of $40K (revenue +15.4% year-over-year).
- 2012: Revenue of $219K, expenses of $247K, and assets of $47K (revenue +0.5% year-over-year).
- 2011: Revenue of $218K, expenses of $257K, and assets of $80K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Cobbossee Watershed District:
Data Sources and Methodology
This transparency report for Friends Of Cobbossee Watershed District 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.