George & Raymond Frank Foundation
George & Raymond Frank Foundation shows consistent financial growth and no executive compensation.
EIN: 10520094 · Rangeley, ME · NTEE: N20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $3.8M |
| Transparency Score | 92/100 |
Is George & Raymond Frank Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George & Raymond Frank Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George & Raymond Frank Foundation
George & Raymond Frank Foundation (EIN: 10520094) is a nonprofit organization based in Rangeley, ME, classified under NTEE code N20. The organization reported total revenue of $1.4M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George & Raymond Frank Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George & Raymond Frank Foundation is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$468K |
| Total Assets | $3.9M |
| Total Liabilities | $25K |
| Net Assets | $3.8M |
| Operating Margin | 27.2% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 37.0 months |
Financial Health Grade: A
In 2023, George & Raymond Frank Foundation reported a surplus of $468K with revenue exceeding expenses, holds 37.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), George & Raymond Frank Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.6% | +9.1% | +13.1% |
| 2022 | -9.3% | +12.4% | +26.1% |
| 2021 | +399.3% | +140.7% | +19.0% |
| 2020 | -73.7% | -61.0% | +5.1% |
| 2019 | +13.7% | +6.3% | +11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 George & Raymond Frank Foundation with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, George & Raymond Frank Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $468K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for directing funds towards its 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.
Strengths
The following positive indicators were identified for George & Raymond Frank Foundation:
- Consistent asset growth, from $1,691,934 in 2014 to $3,867,679 in 2023, indicating strong financial health.
- Zero officer compensation reported across all filings, maximizing funds for programmatic use.
- Revenue consistently exceeding expenses in most recent years, such as $1,723,187 revenue vs. $1,255,132 expenses in 2023, demonstrating efficient financial management.
- Low and decreasing liabilities, from $202,326 in 2019 to $25,050 in 2023, indicating minimal financial risk.
- Consistent filing of IRS 990s over 13 periods, reflecting strong transparency and accountability.
Frequently Asked Questions about George & Raymond Frank Foundation
Is George & Raymond Frank Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, George & Raymond Frank Foundation (EIN: 10520094) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does George & Raymond Frank Foundation spend its money?
George & Raymond Frank Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to George & Raymond Frank Foundation tax-deductible?
George & Raymond Frank Foundation is registered as a tax-exempt nonprofit (EIN: 10520094). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does George & Raymond Frank Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), George & Raymond Frank Foundation is above average for NTEE category N20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is George & Raymond Frank Foundation located?
George & Raymond Frank Foundation is headquartered in Rangeley, Maine and files with the IRS under EIN 10520094. It is classified under NTEE code N20.
How many years of IRS 990 filings does George & Raymond Frank Foundation have?
George & Raymond Frank Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
Is the George & Raymond Frank Foundation financially stable?
Yes, the foundation is financially stable. Its assets have consistently grown from $1,691,934 in 2014 to $3,867,679 in 2023, and revenue has generally exceeded expenses, leading to positive net income in most years.
How has the foundation's revenue trended over the last few years?
The foundation's revenue has shown strong growth in recent years, increasing from $326,243 in 2020 to $1,723,187 in 2023, indicating a significant increase in financial support.
Does the foundation pay its officers?
No, the foundation consistently reports 0% officer compensation in all available IRS 990 filings, meaning no salaries are paid to its officers.
What is the trend in the foundation's liabilities?
The foundation's liabilities have generally decreased over time, from $202,326 in 2019 to $25,050 in 2023, indicating good financial management and reduced debt.
Filing History
IRS 990 filing history for George & Raymond Frank Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), George & Raymond Frank Foundation's revenue has grown by 67.3%, moving from $1.0M to $1.7M. Total assets increased by 125.2% over the same period, from $1.7M to $3.9M. Total functional expenses rose by 52.6%, from $822K to $1.3M. In its most recent filing year (2023), George & Raymond Frank Foundation reported a surplus of $468K, with revenue exceeding expenses. The organization holds $25K in liabilities against $3.9M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.3M | $3.9M | $25K | — | — |
| 2022 | $1.5M | $1.2M | $3.4M | $28K | — | View 990 |
| 2021 | $1.6M | $1.0M | $2.7M | $111K | — | View 990 |
| 2020 | $326K | $425K | $2.3M | $155K | — | View 990 |
| 2019 | $1.2M | $1.1M | $2.2M | $202K | — | View 990 |
| 2018 | $1.1M | $1.0M | $2.0M | $128K | — | View 990 |
| 2017 | $1.0M | $987K | $1.8M | $103K | — | View 990 |
| 2016 | $1.1M | $1.0M | $1.8M | $95K | — | View 990 |
| 2015 | $1.0M | $1.0M | $1.7M | $87K | — | View 990 |
| 2014 | $935K | $1.2M | $1.7M | $32K | — | View 990 |
| 2013 | $1.1M | $1.0M | $1.9M | $33K | — | View 990 |
| 2012 | $1.0M | $887K | $1.9M | $31K | — | View 990 |
| 2011 | $1.0M | $822K | $1.7M | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.3M, and assets of $3.9M (revenue +16.6% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.2M, and assets of $3.4M (revenue -9.3% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.0M, and assets of $2.7M (revenue +399.3% year-over-year).
- 2020: Revenue of $326K, expenses of $425K, and assets of $2.3M (revenue -73.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $2.2M (revenue +13.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $2.0M (revenue +4.7% year-over-year).
- 2017: Revenue of $1.0M, expenses of $987K, and assets of $1.8M (revenue -0.7% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $1.8M (revenue +3.7% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.0M, and assets of $1.7M (revenue +8.4% year-over-year).
- 2014: Revenue of $935K, expenses of $1.2M, and assets of $1.7M (revenue -16.6% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.0M, and assets of $1.9M (revenue +8.7% year-over-year).
- 2012: Revenue of $1.0M, expenses of $887K, and assets of $1.9M (revenue +0.1% year-over-year).
- 2011: Revenue of $1.0M, expenses of $822K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George & Raymond Frank Foundation:
Data Sources and Methodology
This transparency report for George & Raymond Frank Foundation 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.