Greater Bangor Golf Tournament Corp
Greater Bangor Golf Tournament Corp consistently operates on thin margins with no executive compensation.
EIN: 10359228 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $54K |
| Program Spending | 85% |
| Net Assets | $4K |
| Transparency Score | 85/100 |
Is Greater Bangor Golf Tournament Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Bangor Golf Tournament Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Bangor Golf Tournament Corp
Greater Bangor Golf Tournament Corp (EIN: 10359228) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Bangor Golf Tournament Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Bangor Golf Tournament Corp is a micro nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $54K |
| Surplus / Deficit | +$1K |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | 2.1% |
| Months of Reserves | 0.9 months |
Financial Health Grade: A
In 2017, Greater Bangor Golf Tournament Corp reported a surplus of $1K with revenue exceeding expenses, holds 0.9 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2011–2017), Greater Bangor Golf Tournament Corp's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -4.6% | -3.4% | +38.4% |
| 2016 | +10.4% | +2.5% | +178.8% |
| 2015 | -10.0% | -3.5% | -66.7% |
| 2014 | +3.2% | +1.0% | +110.7% |
| 2013 | +0.9% | -2.1% | +35.8% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Bangor Golf Tournament Corp 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Greater Bangor Golf Tournament Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is likely run by volunteers and does not pay its officers, which is highly commendable for an organization of its size.
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 Greater Bangor Golf Tournament Corp's IRS 990 filings:
- Lack of detailed expense breakdown in public filings makes full program efficiency assessment difficult.
Strengths
The following positive indicators were identified for Greater Bangor Golf Tournament Corp:
- Consistent absence of officer compensation (0% across all filings) indicates a volunteer-driven model.
- No reported liabilities across all filing periods, demonstrating sound financial management and avoidance of debt.
- Consistent filing of IRS Form 990, indicating transparency.
- Operates with very thin margins, suggesting efficient use of funds to cover operational costs.
Frequently Asked Questions about Greater Bangor Golf Tournament Corp
Is Greater Bangor Golf Tournament Corp a legitimate charity?
Greater Bangor Golf Tournament Corp (EIN: 10359228) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Greater Bangor Golf Tournament Corp spend its money?
Greater Bangor Golf Tournament Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Greater Bangor Golf Tournament Corp tax-deductible?
Greater Bangor Golf Tournament Corp is registered as a tax-exempt nonprofit (EIN: 10359228). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Bangor Golf Tournament Corp's spending goes to programs?
Greater Bangor Golf Tournament Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Greater Bangor Golf Tournament Corp located?
Greater Bangor Golf Tournament Corp is headquartered in Bangor, Maine and files with the IRS under EIN 10359228.
How many years of IRS 990 filings does Greater Bangor Golf Tournament Corp have?
Greater Bangor Golf Tournament Corp has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Greater Bangor Golf Tournament Corp a good charity?
Based on the available data, Greater Bangor Golf Tournament Corp appears to be a well-managed, volunteer-driven organization with no executive compensation and no liabilities. Its consistent operation with minimal assets and revenues closely matching expenses suggests a focus on its core activities without accumulating significant wealth. The lack of detailed expense breakdowns makes it difficult to fully assess program efficiency, but the absence of officer compensation is a strong positive indicator.
What is the primary purpose of Greater Bangor Golf Tournament Corp?
While the NTEE code is unknown, the organization's name strongly suggests its primary purpose is to organize and run a golf tournament, likely to raise funds for a specific cause or to support community activities in the Greater Bangor area. The consistent revenue and expense figures over the years support this operational model.
How does Greater Bangor Golf Tournament Corp manage its finances?
The organization manages its finances very conservatively, consistently operating with revenues closely matching expenses. It maintains minimal assets (never exceeding $4,118) and reports no liabilities across all filings, indicating a debt-free operation and a focus on immediate operational needs rather than building large reserves.
Filing History
IRS 990 filing history for Greater Bangor Golf Tournament Corp showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Greater Bangor Golf Tournament Corp's revenue has declined by 3.9%, moving from $57K to $55K. Total assets increased by 71.2% over the same period, from $2K to $4K. Total functional expenses fell by 10.3%, from $60K to $54K. In its most recent filing year (2017), Greater Bangor Golf Tournament Corp reported a surplus of $1K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $55K | $54K | $4K | $0 | — | View 990 |
| 2016 | $58K | $56K | $3K | $0 | — | View 990 |
| 2015 | $52K | $54K | $1K | $0 | — | View 990 |
| 2014 | $58K | $56K | $3K | $0 | — | View 990 |
| 2013 | $56K | $56K | $2K | $0 | — | View 990 |
| 2012 | $56K | $57K | $1K | $0 | — | View 990 |
| 2011 | $57K | $60K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $55K, expenses of $54K, and assets of $4K (revenue -4.6% year-over-year).
- 2016: Revenue of $58K, expenses of $56K, and assets of $3K (revenue +10.4% year-over-year).
- 2015: Revenue of $52K, expenses of $54K, and assets of $1K (revenue -10.0% year-over-year).
- 2014: Revenue of $58K, expenses of $56K, and assets of $3K (revenue +3.2% year-over-year).
- 2013: Revenue of $56K, expenses of $56K, and assets of $2K (revenue +0.9% year-over-year).
- 2012: Revenue of $56K, expenses of $57K, and assets of $1K (revenue -2.7% year-over-year).
- 2011: Revenue of $57K, expenses of $60K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Bangor Golf Tournament Corp:
Data Sources and Methodology
This transparency report for Greater Bangor Golf Tournament Corp 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.