Friends Of Pearys Eagle Island Ltd
Friends Of Pearys Eagle Island Ltd reports $0 revenue and assets in its latest filing, indicating potential dormancy after years of modest activity.
EIN: 10481898 · Harpswell, ME · NTEE: A82Z · Updated: 2026-03-28
Is Friends Of Pearys Eagle Island Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Pearys Eagle Island Ltd directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Pearys Eagle Island Ltd
Friends Of Pearys Eagle Island Ltd (EIN: 10481898) is a nonprofit organization based in Harpswell, ME, classified under NTEE code A82Z. 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 Pearys Eagle Island Ltd'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 Pearys Eagle Island Ltd with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Friends Of Pearys Eagle Island Ltd 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based and no funds are allocated to executive salaries, which is highly efficient for a small nonprofit.
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 Pearys Eagle Island Ltd's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential inactivity or cessation of operations without clear explanation.
Strengths
The following positive indicators were identified for Friends Of Pearys Eagle Island Ltd:
- Consistent 0% officer compensation, demonstrating volunteer-driven leadership and efficient use of funds.
- Historically low liabilities, indicating sound financial management and lack of debt.
- Modest historical expenses relative to revenue, suggesting a lean operational model.
Frequently Asked Questions about Friends Of Pearys Eagle Island Ltd
Is Friends Of Pearys Eagle Island Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Pearys Eagle Island Ltd (EIN: 10481898) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Friends Of Pearys Eagle Island Ltd spend its money?
Friends Of Pearys Eagle Island Ltd directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Pearys Eagle Island Ltd tax-deductible?
Friends Of Pearys Eagle Island Ltd is registered as a tax-exempt nonprofit (EIN: 10481898). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the current operational status of Friends Of Pearys Eagle Island Ltd given its latest $0 revenue and assets?
The latest filing showing $0 revenue and assets suggests the organization may be dormant or in the process of winding down. Further inquiry into their current activities or official status would be necessary.
How did Friends Of Pearys Eagle Island Ltd manage its expenses relative to revenue historically?
Historically, the organization generally managed its expenses close to its revenue. In 2014, revenue ($13,501) exceeded expenses ($11,295), while in 2013, expenses ($16,092) slightly exceeded revenue ($15,769).
Does the organization have any significant liabilities?
No, the organization consistently reported $0 in liabilities in its 2013 and 2014 filings, with only minor liabilities ($46 and $60) in 2012 and 2011 respectively, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Friends Of Pearys Eagle Island Ltd showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Friends Of Pearys Eagle Island Ltd's revenue has declined by 24.5%, moving from $18K to $14K. Total assets decreased by 21.6% over the same period, from $58K to $45K. Total functional expenses fell by 30.6%, from $16K to $11K. In its most recent filing year (2014), Friends Of Pearys Eagle Island Ltd reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2014 | $14K | $11K | $45K | $0 | — | View 990 |
| 2013 | $16K | $16K | $43K | $0 | — | View 990 |
| 2012 | $17K | $32K | $44K | $46 | — | View 990 |
| 2011 | $18K | $16K | $58K | $60 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $14K, expenses of $11K, and assets of $45K (revenue -14.4% year-over-year).
- 2013: Revenue of $16K, expenses of $16K, and assets of $43K (revenue -9.5% year-over-year).
- 2012: Revenue of $17K, expenses of $32K, and assets of $44K (revenue -2.6% year-over-year).
- 2011: Revenue of $18K, expenses of $16K, and assets of $58K.
Data Sources and Methodology
This transparency report for Friends Of Pearys Eagle Island Ltd 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.