Herb & Ellie Bailey Charitable Tr
Herb & Ellie Bailey Charitable Tr maintains stable assets and zero officer compensation, primarily engaging in grantmaking.
EIN: 207257287 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $470K |
| Total Expenses | $113K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $1.8M |
| Transparency Score | 92/100 |
Is Herb & Ellie Bailey Charitable Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Herb & Ellie Bailey Charitable Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Herb & Ellie Bailey Charitable Tr
Herb & Ellie Bailey Charitable Tr (EIN: 207257287) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $470K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herb & Ellie Bailey Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herb & Ellie Bailey Charitable Tr is a small nonprofit, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -27.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $113K |
| Surplus / Deficit | $-56,999 |
| Total Assets | $1.8M |
| Total Liabilities | $1 |
| Net Assets | $1.8M |
| Operating Margin | -101.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 189.9 months |
Financial Health Grade: B
In 2023, Herb & Ellie Bailey Charitable Tr reported a deficit of $57K with expenses exceeding revenue, holds 189.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Herb & Ellie Bailey Charitable Tr's revenue has declined at a compound annual growth rate (CAGR) of -27.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.4% | -32.1% | -3.1% |
| 2022 | -2.8% | +3.7% | +0.5% |
| 2021 | -1.6% | -3.4% | +1.2% |
| 2020 | -8.8% | +23.6% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Herb & Ellie Bailey Charitable Tr 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, Herb & Ellie Bailey Charitable Tr 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 deficit of $57K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all five filings, indicating that no salaries are paid to officers. This is highly efficient for an organization of its size with assets around $1.8 million, ensuring more funds are available for its charitable purpose.
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 Herb & Ellie Bailey Charitable Tr:
- Zero officer compensation reported across all filings, indicating high efficiency.
- Stable asset base around $1.8 million over five years, demonstrating financial resilience.
- Minimal liabilities (mostly $1) consistently reported, showing strong financial health.
- Consistent grantmaking activity, as evidenced by recurring expenses.
- Strong program focus due to the nature of a charitable trust and lack of administrative overhead.
Frequently Asked Questions about Herb & Ellie Bailey Charitable Tr
Is Herb & Ellie Bailey Charitable Tr a legitimate charity?
Herb & Ellie Bailey Charitable Tr (EIN: 207257287) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 5 years of IRS 990 filings on record. Total revenue: $470K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Herb & Ellie Bailey Charitable Tr spend its money?
Herb & Ellie Bailey Charitable Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Herb & Ellie Bailey Charitable Tr tax-deductible?
Herb & Ellie Bailey Charitable Tr is registered as a tax-exempt nonprofit (EIN: 207257287). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Herb & Ellie Bailey Charitable Tr CEO make?
Herb & Ellie Bailey Charitable Tr's highest-compensated officer earns $1.8 annually. The organization reported $470K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Herb & Ellie Bailey Charitable Tr located?
Herb & Ellie Bailey Charitable Tr is headquartered in Bangor, Maine and files with the IRS under EIN 207257287.
How many years of IRS 990 filings does Herb & Ellie Bailey Charitable Tr have?
Herb & Ellie Bailey Charitable Tr has 5 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 $470K in total revenue.
Is Herb & Ellie Bailey Charitable Tr a good charity?
Based on the provided financial data, the Herb & Ellie Bailey Charitable Tr appears to be a very good charity, particularly for its efficiency and financial stability. It consistently reports 0% officer compensation, maintains stable assets around $1.8 million, and has minimal liabilities, indicating strong financial management and a direct focus on its charitable distributions.
What is the primary activity of this trust?
As a charitable trust with consistent expenses and revenue, and 0% officer compensation, its primary activity is likely grantmaking and distributing funds to other charitable organizations or individuals, rather than direct service provision.
Why did revenue drop significantly in 2023?
Revenue dropped from $177,079 in 2022 to $55,946 in 2023. This could be due to various factors such as market fluctuations affecting investment income, a decrease in donations, or a strategic decision to draw less from its endowment in that specific year. Further details from the full 990 filing would be needed to pinpoint the exact cause.
Filing History
IRS 990 filing history for Herb & Ellie Bailey Charitable Tr showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Herb & Ellie Bailey Charitable Tr's revenue has declined by 72.4%, moving from $203K to $56K. Total assets decreased by 0.5% over the same period, from $1.8M to $1.8M. Total functional expenses fell by 15.9%, from $134K to $113K. In its most recent filing year (2023), Herb & Ellie Bailey Charitable Tr reported a deficit of $57K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $113K | $1.8M | $1 | — | — |
| 2022 | $177K | $166K | $1.8M | $1 | — | View 990 |
| 2021 | $182K | $160K | $1.8M | $1 | — | View 990 |
| 2020 | $185K | $166K | $1.8M | $1 | — | View 990 |
| 2019 | $203K | $134K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $113K, and assets of $1.8M (revenue -68.4% year-over-year).
- 2022: Revenue of $177K, expenses of $166K, and assets of $1.8M (revenue -2.8% year-over-year).
- 2021: Revenue of $182K, expenses of $160K, and assets of $1.8M (revenue -1.6% year-over-year).
- 2020: Revenue of $185K, expenses of $166K, and assets of $1.8M (revenue -8.8% year-over-year).
- 2019: Revenue of $203K, expenses of $134K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herb & Ellie Bailey Charitable Tr:
Data Sources and Methodology
This transparency report for Herb & Ellie Bailey Charitable Tr 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.