Friends Of Colonial Pemaquid
Friends Of Colonial Pemaquid operated at a deficit in 2018 with $12,579 in revenue against $32,612 in expenses.
EIN: 10489633 · New Harbor, ME · NTEE: A118 · Updated: 2026-03-28
Is Friends Of Colonial Pemaquid Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Colonial Pemaquid directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Colonial Pemaquid
Friends Of Colonial Pemaquid (EIN: 10489633) is a nonprofit organization based in New Harbor, ME, classified under NTEE code A118. 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 Friends Of Colonial Pemaquid's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Colonial Pemaquid with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Friends Of Colonial Pemaquid allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Officer compensation was reported as 0% in the 2018 filing, indicating that the organization's leadership is likely volunteer-based or receives no salary, which is common for very small nonprofits.
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 Friends Of Colonial Pemaquid's IRS 990 filings:
- Significant deficit in 2018 ($12,579 revenue vs. $32,612 expenses)
- Discrepancy between 'Latest Revenue/Assets' ($0) and 2018 filing data, raising questions about current activity.
Strengths
The following positive indicators were identified for Friends Of Colonial Pemaquid:
- Healthy asset base ($258,962 in 2018) with no liabilities, indicating financial stability despite the annual deficit.
- 0% officer compensation, suggesting a volunteer-driven model and efficient use of funds for leadership.
Frequently Asked Questions about Friends Of Colonial Pemaquid
Is Friends Of Colonial Pemaquid a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Colonial Pemaquid (EIN: 10489633) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Friends Of Colonial Pemaquid spend its money?
Friends Of Colonial Pemaquid directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Colonial Pemaquid tax-deductible?
Friends Of Colonial Pemaquid is registered as a tax-exempt nonprofit (EIN: 10489633). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of Colonial Pemaquid currently active given the $0 latest revenue and assets?
The provided data shows $0 for 'Latest Revenue' and 'Assets', which contradicts the 2018 filing data. It's crucial to verify if the organization is still actively operating or if the 'latest' data point is an error or reflects a period of dormancy.
How does Friends Of Colonial Pemaquid fund its operations given the 2018 deficit?
In 2018, the organization spent $32,612 against $12,579 in revenue. This deficit suggests it either drew from prior reserves (indicated by $258,962 in assets) or received significant non-cash contributions not reflected in revenue.
Filing History
IRS 990 filing history for Friends Of Colonial Pemaquid showing financial trends over 1 year of public records:
In its most recent filing year (2018), Friends Of Colonial Pemaquid reported a deficit of $20K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2018 | $13K | $33K | $259K | $0 | — | View 990 |
Data Sources and Methodology
This transparency report for Friends Of Colonial Pemaquid 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.