General Alumni Association Of The University Of Maine

Is General Alumni Association Of The University Of Maine Legit?

Some Concerns

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

General Alumni Association Of The University Of Maine directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About General Alumni Association Of The University Of Maine

General Alumni Association Of The University Of Maine (EIN: 10502306) is a nonprofit organization based in Orono, ME, classified under NTEE code B840. The organization reported total revenue of $1.1M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of General Alumni Association Of The University Of Maine'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 General Alumni Association Of The University Of Maine 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, General Alumni Association Of The University Of Maine 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence and resource allocation relative to the organization's size and mission.

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 General Alumni Association Of The University Of Maine's IRS 990 filings:

• Occasional operational deficits, such as in 202306 where expenses ($1,113,098) exceeded revenue ($1,077,685).

Strengths

The following positive indicators were identified for General Alumni Association Of The University Of Maine:

• Strong asset base ($5,120,557) significantly exceeding liabilities ($27,045) in the latest filing, indicating robust financial health.
• Consistent reporting of 0% officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
• Stable revenue stream consistently around $1.1 million over the past decade.
• Consistent IRS 990 filing history, demonstrating transparency and compliance.

Frequently Asked Questions about General Alumni Association Of The University Of Maine

Filing History

IRS 990 filing history for General Alumni Association Of The University Of Maine showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2012–2023), General Alumni Association Of The University Of Maine's revenue has declined by 31.2%, moving from $1.6M to $1.1M. Total assets increased by 8.6% over the same period, from $4.7M to $5.1M. Total functional expenses fell by 6.9%, from $1.2M to $1.1M. In its most recent filing year (2023), General Alumni Association Of The University Of Maine reported a deficit of $35K, with expenses exceeding revenue. The organization holds $27K in liabilities against $5.1M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $5.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $5.1M (revenue -9.3% year-over-year).
• 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $5.1M (revenue +2.5% year-over-year).
• 2021: Revenue of $1.2M, expenses of $976K, and assets of $5.4M (revenue +14.1% year-over-year).
• 2020: Revenue of $1.0M, expenses of $1.1M, and assets of $4.9M (revenue -11.6% year-over-year).
• 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $4.9M (revenue +0.1% year-over-year).
• 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $4.8M (revenue +0.1% year-over-year).
• 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $4.8M (revenue +8.2% year-over-year).
• 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $4.7M (revenue +2.5% year-over-year).
• 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $4.8M (revenue -18.2% year-over-year).
• 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $4.7M (revenue -19.3% year-over-year).
• 2012: Revenue of $1.6M, expenses of $1.2M, and assets of $4.7M.

Data Sources and Methodology

This transparency report for General Alumni Association Of The University Of Maine 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.