Fryeburg Academy Tr Ua 121261
Fryeburg Academy Tr Ua 121261 maintains strong financial health with consistent asset growth and zero liabilities.
EIN: 16009643 · Fryeburg, ME · Updated: 2026-03-28
Is Fryeburg Academy Tr Ua 121261 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fryeburg Academy Tr Ua 121261 directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fryeburg Academy Tr Ua 121261
Fryeburg Academy Tr Ua 121261 (EIN: 16009643) is a nonprofit organization based in Fryeburg, ME. The organization reported total revenue of $23K and total assets of $335K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fryeburg Academy Tr Ua 121261's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fryeburg Academy Tr Ua 121261 is a micro nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $24K |
| Surplus / Deficit | +$32K |
| Total Assets | $337K |
| Net Assets | $337K |
| Operating Margin | 57.1% |
| Months of Reserves | 167.4 months |
Financial Health Grade: A
In 2023, Fryeburg Academy Tr Ua 121261 reported a surplus of $32K with revenue exceeding expenses, holds 167.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Fryeburg Academy Tr Ua 121261's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.7% | +8.3% | +10.4% |
| 2022 | +6.4% | -10.9% | +21.1% |
| 2021 | +217.8% | +3.2% | +22.5% |
| 2020 | -8.2% | +2.8% | -0.2% |
| 2019 | +15.5% | +2.7% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Fryeburg Academy Tr Ua 121261 with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Fryeburg Academy Tr Ua 121261 allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, suggesting that officers are either uncompensated or their compensation is not categorized as such, which is unusual for an organization with growing assets and revenue. This could indicate a high degree of volunteer leadership or a lack of detailed reporting on compensation structures.
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 Fryeburg Academy Tr Ua 121261's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation without further explanation could indicate a lack of transparency in leadership compensation.
Strengths
The following positive indicators were identified for Fryeburg Academy Tr Ua 121261:
- Consistent asset growth, from $207,737 in 2014 to $337,211 in 2023, demonstrating strong financial stewardship.
- Zero reported liabilities across all filings, indicating excellent financial stability and minimal risk.
- Expenses consistently well below revenue in most recent periods, leading to healthy surpluses.
- Strong financial reserves, as evidenced by growing assets and no liabilities.
Frequently Asked Questions about Fryeburg Academy Tr Ua 121261
Is Fryeburg Academy Tr Ua 121261 a legitimate charity?
Based on AI analysis of IRS 990 filings, Fryeburg Academy Tr Ua 121261 (EIN: 16009643) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Fryeburg Academy Tr Ua 121261 spend its money?
Fryeburg Academy Tr Ua 121261 directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fryeburg Academy Tr Ua 121261 tax-deductible?
Fryeburg Academy Tr Ua 121261 is registered as a tax-exempt nonprofit (EIN: 16009643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary mission of Fryeburg Academy Tr Ua 121261?
Based on the financial data, Fryeburg Academy Tr Ua 121261 appears to be a trust or endowment supporting Fryeburg Academy. The consistent revenue and asset growth, with relatively stable expenses, suggest a focus on long-term financial stewardship rather than direct program delivery, which is typical for a trust.
How does Fryeburg Academy Tr Ua 121261 manage its liabilities?
The organization consistently reports $0 in liabilities across all 13 filings, indicating extremely conservative financial management and no outstanding debts or obligations.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation could mean that the organization is run entirely by volunteers, or that compensation for key personnel is categorized differently within the expense structure, or that it's a trust with no paid officers in the traditional sense. Further detail would be needed to fully understand this.
What is the trend in Fryeburg Academy Tr Ua 121261's revenue?
Revenue has shown an upward trend in recent years, with a significant increase from $22,741 in 2020 to $76,872 in 2022, before a slight decrease to $56,330 in 2023. This indicates a period of strong financial inflows.
Filing History
IRS 990 filing history for Fryeburg Academy Tr Ua 121261 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fryeburg Academy Tr Ua 121261's revenue has grown by 205.3%, moving from $18K to $56K. Total assets increased by 92.1% over the same period, from $176K to $337K. Total functional expenses rose by 22.5%, from $20K to $24K. In its most recent filing year (2023), Fryeburg Academy Tr Ua 121261 reported a surplus of $32K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $24K | $337K | $0 | — | — |
| 2022 | $77K | $22K | $305K | $0 | — | — |
| 2021 | $72K | $25K | $252K | $0 | — | View 990 |
| 2020 | $23K | $24K | $206K | $0 | — | — |
| 2019 | $25K | $24K | $206K | $0 | — | View 990 |
| 2018 | $21K | $23K | $205K | $0 | — | View 990 |
| 2017 | $21K | $22K | $206K | $0 | — | View 990 |
| 2016 | $20K | $22K | $207K | $0 | — | View 990 |
| 2015 | $24K | $23K | $208K | $0 | — | View 990 |
| 2014 | $24K | $26K | $208K | $0 | — | View 990 |
| 2013 | $20K | $21K | $20K | $0 | — | View 990 |
| 2012 | $20K | $22K | $174K | $0 | — | View 990 |
| 2011 | $18K | $20K | $176K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $24K, and assets of $337K (revenue -26.7% year-over-year).
- 2022: Revenue of $77K, expenses of $22K, and assets of $305K (revenue +6.4% year-over-year).
- 2021: Revenue of $72K, expenses of $25K, and assets of $252K (revenue +217.8% year-over-year).
- 2020: Revenue of $23K, expenses of $24K, and assets of $206K (revenue -8.2% year-over-year).
- 2019: Revenue of $25K, expenses of $24K, and assets of $206K (revenue +15.5% year-over-year).
- 2018: Revenue of $21K, expenses of $23K, and assets of $205K (revenue +3.3% year-over-year).
- 2017: Revenue of $21K, expenses of $22K, and assets of $206K (revenue +1.5% year-over-year).
- 2016: Revenue of $20K, expenses of $22K, and assets of $207K (revenue -14.4% year-over-year).
- 2015: Revenue of $24K, expenses of $23K, and assets of $208K (revenue -1.0% year-over-year).
- 2014: Revenue of $24K, expenses of $26K, and assets of $208K (revenue +22.6% year-over-year).
- 2013: Revenue of $20K, expenses of $21K, and assets of $20K (revenue -2.9% year-over-year).
- 2012: Revenue of $20K, expenses of $22K, and assets of $174K (revenue +10.1% year-over-year).
- 2011: Revenue of $18K, expenses of $20K, and assets of $176K.
Data Sources and Methodology
This transparency report for Fryeburg Academy Tr Ua 121261 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.