Gould Academy
Gould Academy maintains substantial assets despite fluctuating annual operating deficits and surpluses.
EIN: 10211509 · Bethel, ME · NTEE: B250 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.1M |
| Total Expenses | $19.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $16 |
| Net Assets | $37.1M |
| Transparency Score | 75/100 |
Is Gould Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gould Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gould Academy
Gould Academy (EIN: 10211509) is a nonprofit organization based in Bethel, ME, classified under NTEE code B250. The organization reported total revenue of $18.1M and total assets of $43.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gould Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gould Academy is a large nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.4M |
| Total Expenses | $19.7M |
| Surplus / Deficit | $-3,352,827 |
| Total Assets | $43.9M |
| Total Liabilities | $6.8M |
| Net Assets | $37.1M |
| Operating Margin | -20.4% |
| Debt-to-Asset Ratio | 15.5% |
| Months of Reserves | 26.7 months |
Financial Health Grade: B
In 2023, Gould Academy reported a deficit of $3.4M with expenses exceeding revenue, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 15.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gould Academy's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +13.0% | -2.9% |
| 2022 | -10.9% | +6.3% | -12.7% |
| 2021 | +10.0% | +9.0% | +9.2% |
| 2020 | -4.4% | -7.1% | -0.7% |
| 2019 | -3.1% | -2.8% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Gould 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, Gould 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.5%.
Executive Compensation Analysis
The reported 0% officer compensation across all filings is unusual for an organization of this size with over $16 million in annual revenue and $43 million in assets, suggesting that executive compensation may be structured differently or not reported under this specific line item, which could impact transparency.
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 Gould Academy's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency in executive pay reporting.
- Operating deficits in multiple years (e.g., 2023, 2022, 2019, 2018, 2017, 2015) suggest that expenses sometimes exceed revenues, requiring reliance on reserves or investment income.
Strengths
The following positive indicators were identified for Gould Academy:
- Strong asset base, consistently over $40 million, providing financial stability and long-term capacity.
- Consistent revenue generation, generally in the $15-18 million range annually, indicating a stable funding model.
- Long history of IRS 990 filings (13 filings), demonstrating consistent compliance and transparency in reporting.
Frequently Asked Questions about Gould Academy
Is Gould Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Gould Academy (EIN: 10211509) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Gould Academy spend its money?
Gould Academy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gould Academy tax-deductible?
Gould Academy is registered as a tax-exempt nonprofit (EIN: 10211509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gould Academy CEO make?
Gould Academy's highest-compensated officer earns $16 annually. The organization reported $18.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gould Academy's spending goes to programs?
Gould Academy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gould Academy compare to similar nonprofits?
With a transparency score of 75/100 (Good), Gould Academy is above average for NTEE category B250 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gould Academy located?
Gould Academy is headquartered in Bethel, Maine and files with the IRS under EIN 10211509. It is classified under NTEE code B250.
How many years of IRS 990 filings does Gould Academy have?
Gould Academy 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 $18.1M in total revenue.
How is executive compensation handled if 0% is reported for officers?
The consistent reporting of 0% officer compensation across all filings suggests that either the top officers are uncompensated volunteers, or their compensation is reported under different expense categories (e.g., salaries for key employees not classified as 'officers' for 990 purposes), or through related organizations. Further detail would be needed to understand the full compensation structure for leadership.
What is the primary driver of the annual operating deficits, such as the $3.35 million deficit in 2023?
The 2023 filing shows expenses of $19,749,833 against revenues of $16,397,006, resulting in a deficit. Without detailed expense breakdowns, it's difficult to pinpoint the exact drivers, but it could be due to increased program costs, capital expenditures, or investment losses. A deeper dive into the Statement of Functional Expenses would be necessary.
How does Gould Academy manage its significant asset base of over $43 million?
With assets consistently over $40 million, Gould Academy likely has a robust investment strategy to support its operations and long-term sustainability. The management of these assets, including endowment performance and investment income, plays a crucial role in its financial health, especially in years with operating deficits.
Filing History
IRS 990 filing history for Gould Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gould Academy's revenue has grown by 26.3%, moving from $13.0M to $16.4M. Total assets increased by 26.7% over the same period, from $34.7M to $43.9M. Total functional expenses rose by 50.4%, from $13.1M to $19.7M. In its most recent filing year (2023), Gould Academy reported a deficit of $3.4M, with expenses exceeding revenue. The organization holds $6.8M in liabilities against $43.9M in assets (debt-to-asset ratio: 15.5%), resulting in net assets of $37.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.4M | $19.7M | $43.9M | $6.8M | — | View 990 |
| 2022 | $14.9M | $17.5M | $45.2M | $7.2M | — | View 990 |
| 2021 | $16.7M | $16.4M | $51.8M | $7.4M | — | View 990 |
| 2020 | $15.2M | $15.1M | $47.4M | $10.2M | — | View 990 |
| 2019 | $15.9M | $16.2M | $47.8M | $10.2M | — | View 990 |
| 2018 | $16.4M | $16.7M | $47.9M | $10.6M | — | View 990 |
| 2017 | $15.9M | $15.9M | $45.1M | $8.9M | — | View 990 |
| 2016 | $16.9M | $15.6M | $43.6M | $8.4M | — | View 990 |
| 2015 | $15.2M | $15.3M | $41.8M | $7.9M | — | View 990 |
| 2014 | $14.7M | $14.4M | $39.3M | $5.5M | — | View 990 |
| 2013 | $13.9M | $13.8M | $36.4M | $5.1M | — | View 990 |
| 2012 | $13.4M | $13.4M | $35.0M | $5.1M | — | View 990 |
| 2011 | $13.0M | $13.1M | $34.7M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.4M, expenses of $19.7M, and assets of $43.9M (revenue +9.9% year-over-year).
- 2022: Revenue of $14.9M, expenses of $17.5M, and assets of $45.2M (revenue -10.9% year-over-year).
- 2021: Revenue of $16.7M, expenses of $16.4M, and assets of $51.8M (revenue +10.0% year-over-year).
- 2020: Revenue of $15.2M, expenses of $15.1M, and assets of $47.4M (revenue -4.4% year-over-year).
- 2019: Revenue of $15.9M, expenses of $16.2M, and assets of $47.8M (revenue -3.1% year-over-year).
- 2018: Revenue of $16.4M, expenses of $16.7M, and assets of $47.9M (revenue +3.4% year-over-year).
- 2017: Revenue of $15.9M, expenses of $15.9M, and assets of $45.1M (revenue -6.0% year-over-year).
- 2016: Revenue of $16.9M, expenses of $15.6M, and assets of $43.6M (revenue +11.1% year-over-year).
- 2015: Revenue of $15.2M, expenses of $15.3M, and assets of $41.8M (revenue +3.5% year-over-year).
- 2014: Revenue of $14.7M, expenses of $14.4M, and assets of $39.3M (revenue +6.1% year-over-year).
- 2013: Revenue of $13.9M, expenses of $13.8M, and assets of $36.4M (revenue +3.0% year-over-year).
- 2012: Revenue of $13.4M, expenses of $13.4M, and assets of $35.0M (revenue +3.6% year-over-year).
- 2011: Revenue of $13.0M, expenses of $13.1M, and assets of $34.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gould Academy:
Data Sources and Methodology
This transparency report for Gould 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.