George Stevens Academy
George Stevens Academy maintains stable assets despite fluctuating annual revenues and occasional deficits.
EIN: 10247002 · Blue Hill, ME · NTEE: B25Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.1M |
| Total Expenses | $5.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $13.3M |
| Transparency Score | 75/100 |
Is George Stevens Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George Stevens Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George Stevens Academy
George Stevens Academy (EIN: 10247002) is a nonprofit organization based in Blue Hill, ME, classified under NTEE code B25Z. The organization reported total revenue of $10.1M and total assets of $15.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George Stevens Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George Stevens Academy is a large nonprofit that has been operating for 74 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $5.5M |
| Surplus / Deficit | +$336K |
| Total Assets | $14.5M |
| Total Liabilities | $1.2M |
| Net Assets | $13.3M |
| Operating Margin | 5.8% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 31.8 months |
Financial Health Grade: A
In 2024, George Stevens Academy reported a surplus of $336K with revenue exceeding expenses, holds 31.8 months of operating reserves (strong position), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), George Stevens Academy's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +13.9% | -14.9% | +3.6% |
| 2023 | -30.0% | +6.5% | -2.3% |
| 2022 | +16.6% | +0.6% | -11.3% |
| 2021 | +6.4% | +2.9% | +4.5% |
| 2020 | +0.3% | -3.8% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
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 Stevens Academy 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, George Stevens Academy 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $336K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.5%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which suggests either that no officers receive compensation or that compensation is reported in a different section of the filing, requiring further investigation for a complete picture of executive pay relative to the organization's size and $5-7 million annual expense budget.
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 George Stevens Academy's IRS 990 filings:
- Significant deficit in 202306 ($1.3M expenses over revenue)
- Fluctuating liabilities, reaching over $4.5M in 201506
- Unclear executive compensation due to 0% reported for officers
Strengths
The following positive indicators were identified for George Stevens Academy:
- Consistent asset base, generally above $14 million, indicating financial stability
- Revenue generally covers expenses in most periods, showing operational sustainability
- Long history of IRS 990 filings (14 filings), indicating consistent reporting
Frequently Asked Questions about George Stevens Academy
Is George Stevens Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, George Stevens Academy (EIN: 10247002) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does George Stevens Academy spend its money?
George Stevens Academy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to George Stevens Academy tax-deductible?
George Stevens Academy is registered as a tax-exempt nonprofit (EIN: 10247002). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the George Stevens Academy CEO make?
George Stevens Academy's highest-compensated officer earns $5 annually. The organization reported $10.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of George Stevens Academy's spending goes to programs?
George Stevens Academy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does George Stevens Academy compare to similar nonprofits?
With a transparency score of 75/100 (Good), George Stevens Academy is above average for NTEE category B25Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is George Stevens Academy located?
George Stevens Academy is headquartered in Blue Hill, Maine and files with the IRS under EIN 10247002. It is classified under NTEE code B25Z.
How many years of IRS 990 filings does George Stevens Academy have?
George Stevens Academy has 14 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 $10.1M in total revenue.
What caused the significant deficit in the 202306 fiscal period?
In 202306, expenses ($6,425,536) significantly outpaced revenue ($5,092,301), resulting in a deficit of over $1.3 million. Understanding the specific drivers of this increase in expenses or decrease in revenue would be crucial for assessing financial management.
How does George Stevens Academy manage its liabilities, which have fluctuated significantly?
Liabilities have varied, from a low of $1,225,058 in 202406 to a high of $4,520,509 in 201506. Analyzing the nature of these liabilities and the strategy for their management is important for long-term financial stability.
What is the actual executive compensation, given the 0% reported in officer compensation?
The consistent reporting of 0% for officer compensation across all filings suggests that either no officers are compensated, or their compensation is reported under a different category (e.g., salaries and wages for all employees). Clarification on this would enhance transparency.
Filing History
IRS 990 filing history for George Stevens Academy showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), George Stevens Academy's revenue has grown by 27.3%, moving from $4.6M to $5.8M. Total assets increased by 11.7% over the same period, from $13.0M to $14.5M. Total functional expenses rose by 17.5%, from $4.7M to $5.5M. In its most recent filing year (2024), George Stevens Academy reported a surplus of $336K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $14.5M in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $13.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.8M | $5.5M | $14.5M | $1.2M | — | View 990 |
| 2023 | $5.1M | $6.4M | $14.0M | $1.8M | — | View 990 |
| 2022 | $7.3M | $6.0M | $14.3M | $1.9M | — | View 990 |
| 2021 | $6.2M | $6.0M | $16.1M | $1.4M | — | — |
| 2020 | $5.9M | $5.8M | $15.5M | $2.2M | — | View 990 |
| 2019 | $5.9M | $6.1M | $15.1M | $1.7M | — | View 990 |
| 2018 | $6.1M | $5.9M | $15.8M | $2.3M | — | View 990 |
| 2017 | $6.1M | $5.9M | $16.0M | $3.0M | — | View 990 |
| 2016 | $6.4M | $5.7M | $15.8M | $3.1M | — | View 990 |
| 2015 | $5.7M | $5.4M | $16.9M | $4.5M | — | View 990 |
| 2014 | $5.7M | $5.1M | $15.5M | $3.2M | — | View 990 |
| 2013 | $5.6M | $4.9M | $14.7M | $3.5M | — | View 990 |
| 2012 | $5.2M | $5.0M | $14.3M | $3.8M | — | View 990 |
| 2011 | $4.6M | $4.7M | $13.0M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.8M, expenses of $5.5M, and assets of $14.5M (revenue +13.9% year-over-year).
- 2023: Revenue of $5.1M, expenses of $6.4M, and assets of $14.0M (revenue -30.0% year-over-year).
- 2022: Revenue of $7.3M, expenses of $6.0M, and assets of $14.3M (revenue +16.6% year-over-year).
- 2021: Revenue of $6.2M, expenses of $6.0M, and assets of $16.1M (revenue +6.4% year-over-year).
- 2020: Revenue of $5.9M, expenses of $5.8M, and assets of $15.5M (revenue +0.3% year-over-year).
- 2019: Revenue of $5.9M, expenses of $6.1M, and assets of $15.1M (revenue -4.1% year-over-year).
- 2018: Revenue of $6.1M, expenses of $5.9M, and assets of $15.8M (revenue -0.2% year-over-year).
- 2017: Revenue of $6.1M, expenses of $5.9M, and assets of $16.0M (revenue -4.3% year-over-year).
- 2016: Revenue of $6.4M, expenses of $5.7M, and assets of $15.8M (revenue +11.8% year-over-year).
- 2015: Revenue of $5.7M, expenses of $5.4M, and assets of $16.9M (revenue +-0.0% year-over-year).
- 2014: Revenue of $5.7M, expenses of $5.1M, and assets of $15.5M (revenue +1.3% year-over-year).
- 2013: Revenue of $5.6M, expenses of $4.9M, and assets of $14.7M (revenue +9.6% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.0M, and assets of $14.3M (revenue +13.1% year-over-year).
- 2011: Revenue of $4.6M, expenses of $4.7M, and assets of $13.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George Stevens Academy:
Data Sources and Methodology
This transparency report for George Stevens Academy 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.