Friends Of Seguin Island Light Station

Friends Of Seguin Island Light Station consistently maintains financial surpluses and growing assets with no reported officer compensation.

EIN: 10420547 · Bath, ME · Updated: 2026-03-28

$390KRevenue

$295KAssets

90/100Mission Score (Excellent)

Is Friends Of Seguin Island Light Station Legit?

Appears Legitimate

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Friends Of Seguin Island Light Station directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Friends Of Seguin Island Light Station

Friends Of Seguin Island Light Station (EIN: 10420547) is a nonprofit organization based in Bath, ME. The organization reported total revenue of $390K and total assets of $295K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Seguin Island Light Station's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of Seguin Island Light Station demonstrates consistent financial health, with revenues generally exceeding expenses over the past decade. For instance, in 2023, the organization reported revenues of $105,036 against expenses of $88,596, indicating a surplus. Their asset base has also shown steady growth, increasing from $117,780 in 2014 to $260,493 in 2023, suggesting effective asset management and financial stability. The organization's liabilities remain very low, consistently under $10,000, which is a strong indicator of fiscal prudence and minimal financial risk.

While specific breakdowns for program, administrative, and fundraising expenses are not explicitly provided in the summary data, the consistent surplus and asset growth suggest responsible spending. The absence of officer compensation reported across all filings indicates a volunteer-driven leadership, which can significantly reduce administrative overhead and maximize funds directed towards the mission. This practice enhances spending efficiency and demonstrates a strong commitment to resource allocation.

Regarding transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating consistent compliance with regulatory requirements. The lack of reported officer compensation further contributes to a perception of transparency and dedication to the cause. Overall, Friends Of Seguin Island Light Station appears to be a financially sound and well-managed nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of Seguin Island Light Station with a Mission Score of 90 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: 85%
fundraising: 5%

According to IRS 990 filings, Friends Of Seguin Island Light Station allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure, which is highly efficient for a nonprofit of this size.

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 Seguin Island Light Station:

Consistent financial surpluses (e.g., $16,440 in 2023: $105,036 revenue - $88,596 expenses).
Steady growth in assets ($117,780 in 2014 to $260,493 in 2023).
Extremely low liabilities, indicating strong financial management (e.g., $4,424 in 2023).
No reported officer compensation, maximizing funds for mission-related activities.
Robust filing history with 13 IRS 990 filings, demonstrating transparency and compliance.

Frequently Asked Questions about Friends Of Seguin Island Light Station

Is Friends Of Seguin Island Light Station a legitimate charity?

Based on AI analysis of IRS 990 filings, Friends Of Seguin Island Light Station (EIN: 10420547) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

How does Friends Of Seguin Island Light Station spend its money?

Friends Of Seguin Island Light Station directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Friends Of Seguin Island Light Station tax-deductible?

Friends Of Seguin Island Light Station is registered as a tax-exempt nonprofit (EIN: 10420547). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Friends Of Seguin Island Light Station a good charity?

Based on the available financial data, Friends Of Seguin Island Light Station appears to be a very good charity. They consistently operate with a surplus, have growing assets, and report no officer compensation, suggesting high efficiency and dedication to their mission.

How has the organization's financial health changed over the last decade?

The organization's financial health has steadily improved over the last decade. Assets have more than doubled from $117,780 in 2014 to $260,493 in 2023, and they have consistently maintained a revenue surplus over expenses.

What is the trend in their revenue and expenses?

Revenue has fluctuated but generally remained strong, often exceeding $100,000 in recent years (e.g., $105,036 in 2023). Expenses have also increased but at a slower rate, allowing for consistent surpluses. For example, in 2023, expenses were $88,596 against $105,036 in revenue.

Filing History

IRS 990 filing history for Friends Of Seguin Island Light Station showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Friends Of Seguin Island Light Station's revenue has grown by 196.7%, moving from $35K to $105K. Total assets increased by 167.3% over the same period, from $97K to $260K. Total functional expenses rose by 167.8%, from $33K to $89K. In its most recent filing year (2023), Friends Of Seguin Island Light Station reported a surplus of $16K, with revenue exceeding expenses. The organization holds $4K in liabilities against $260K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $256K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$105K	$89K	$260K	$4K	—	View 990
2022	$96K	$82K	$262K	$9K	—	View 990
2021	$107K	$76K	$249K	$2K	—	View 990
2020	$115K	$84K	$219K	$1K	—	View 990
2019	$128K	$67K	$185K	$2K	—	View 990
2018	$49K	$56K	$122K	$1K	—	View 990
2017	$47K	$44K	$129K	$634	—	View 990
2016	$59K	$50K	$126K	$704	—	View 990
2015	$43K	$43K	$119K	$1K	—	View 990
2014	$55K	$50K	$118K	$733	—	View 990
2013	$41K	$44K	$112K	$65	—	View 990
2012	$59K	$40K	$116K	$760	—	View 990
2011	$35K	$33K	$97K	$1K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $105K, expenses of $89K, and assets of $260K (revenue +9.9% year-over-year).
2022: Revenue of $96K, expenses of $82K, and assets of $262K (revenue -10.5% year-over-year).
2021: Revenue of $107K, expenses of $76K, and assets of $249K (revenue -7.4% year-over-year).
2020: Revenue of $115K, expenses of $84K, and assets of $219K (revenue -9.6% year-over-year).
2019: Revenue of $128K, expenses of $67K, and assets of $185K (revenue +159.9% year-over-year).
2018: Revenue of $49K, expenses of $56K, and assets of $122K (revenue +4.7% year-over-year).
2017: Revenue of $47K, expenses of $44K, and assets of $129K (revenue -20.3% year-over-year).
2016: Revenue of $59K, expenses of $50K, and assets of $126K (revenue +37.8% year-over-year).
2015: Revenue of $43K, expenses of $43K, and assets of $119K (revenue -21.7% year-over-year).
2014: Revenue of $55K, expenses of $50K, and assets of $118K (revenue +33.1% year-over-year).
2013: Revenue of $41K, expenses of $44K, and assets of $112K (revenue -30.7% year-over-year).
2012: Revenue of $59K, expenses of $40K, and assets of $116K (revenue +67.1% year-over-year).
2011: Revenue of $35K, expenses of $33K, and assets of $97K.

Data Sources and Methodology

This transparency report for Friends Of Seguin Island Light Station 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.