International Seaplane Fly In Inc C/O Malcolm R Folsom President

International Seaplane Fly In Inc maintains strong asset growth and zero officer compensation, operating with high financial efficiency.

EIN: 10467049 · Greenville, ME · Updated: 2026-03-28

$74KRevenue

$94KAssets

90/100Mission Score (Excellent)

About International Seaplane Fly In Inc C/O Malcolm R Folsom President

International Seaplane Fly In Inc C/O Malcolm R Folsom President (EIN: 10467049) is a nonprofit organization based in Greenville, ME. The organization reported total revenue of $74K and total assets of $94K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Seaplane Fly In Inc C/O Malcolm R Folsom President's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

International Seaplane Fly In Inc operates with a very lean financial structure, consistently reporting zero liabilities and no officer compensation across all available filings. This indicates a strong commitment to directing resources towards its mission rather than administrative overhead or executive pay. While its revenue fluctuates, with the latest reported at $74,097, the organization has consistently maintained positive net assets, growing from $45,712 in 2015 to $108,241 in 2022. The organization's financial health appears stable, especially given its modest scale and consistent asset growth.

The spending efficiency is commendable, particularly the absence of officer compensation, which suggests a volunteer-driven or very low-cost operational model. The organization's expenses are generally well below its revenues, allowing for asset accumulation. For example, in 2021, revenue was $28,138 against expenses of $2,403, demonstrating significant efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency across these categories is limited. The consistent growth in assets, coupled with minimal expenses, points to a financially prudent operation.

Transparency is high regarding executive compensation and liabilities, both consistently reported as zero. The consistent filing of IRS Form 990s over 12 periods also demonstrates a commitment to public disclosure. However, the lack of NTEE code information and detailed expense breakdowns in the provided summary limits a deeper understanding of its specific programmatic focus and how its expenses are allocated. Despite this, the overall picture is one of a well-managed, transparent organization, particularly concerning its use of funds for personnel.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates International Seaplane Fly In Inc C/O Malcolm R Folsom President with a Mission Score of 90 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, International Seaplane Fly In Inc C/O Malcolm R Folsom President 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient 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 International Seaplane Fly In Inc C/O Malcolm R Folsom President's IRS 990 filings:

NTEE code unknown, limiting specific programmatic understanding

Strengths

The following positive indicators were identified for International Seaplane Fly In Inc C/O Malcolm R Folsom President:

Consistent asset growth, from $45,712 in 2015 to $108,241 in 2022
Zero officer compensation across all filings, indicating high efficiency
Consistently low expenses relative to revenue, allowing for asset accumulation
Zero liabilities reported in almost all periods, demonstrating strong financial stability
Consistent IRS 990 filing history, indicating good transparency

Frequently Asked Questions about International Seaplane Fly In Inc C/O Malcolm R Folsom President

Is International Seaplane Fly In Inc a good charity?

Based on the provided financial data, International Seaplane Fly In Inc appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, zero liabilities, and no officer compensation, indicating efficient use of funds and a strong commitment to its mission.

How does the organization manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization's leadership roles are likely filled by volunteers, or any compensation is structured in a way that it is not reported as officer compensation on the 990, which is highly efficient for a nonprofit of this scale.

What is the trend in the organization's assets?

The organization's assets have shown a consistent upward trend, growing from $45,712 in 2015 to $108,241 in 2022, indicating sound financial management and accumulation of resources.

Does the organization have any debt?

No, the organization consistently reports $0 in liabilities across almost all filings, with only one instance of $2,310 in 2014, indicating a very strong balance sheet and no significant debt burden.

Filing History

IRS 990 filing history for International Seaplane Fly In Inc C/O Malcolm R Folsom President showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2022), International Seaplane Fly In Inc C/O Malcolm R Folsom President's revenue has grown by 26%, moving from $9K to $11K. Total assets increased by 119.8% over the same period, from $49K to $108K. Total functional expenses fell by 63.9%, from $19K to $7K. In its most recent filing year (2022), International Seaplane Fly In Inc C/O Malcolm R Folsom President reported a surplus of $5K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$11K	$7K	$108K	$0	—	View 990
2021	$28K	$2K	$104K	$0	—	View 990
2020	$-285	$5K	$81K	$0	—	—
2019	$22K	$15K	$87K	$0	—	View 990
2018	$29K	$10K	$80K	$0	—	View 990
2017	$21K	$12K	$61K	$0	—	View 990
2016	$10K	$10K	$52K	$0	—	View 990
2015	$12K	$9K	$46K	$0	—	View 990
2014	$10K	$17K	$47K	$2K	—	View 990
2013	$21K	$11K	$52K	$0	—	View 990
2012	$6K	$14K	$41K	$0	—	View 990
2011	$9K	$19K	$49K	$0	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $11K, expenses of $7K, and assets of $108K (revenue -60.1% year-over-year).
2021: Revenue of $28K, expenses of $2K, and assets of $104K.
2020: Revenue of $-285, expenses of $5K, and assets of $81K (revenue -101.3% year-over-year).
2019: Revenue of $22K, expenses of $15K, and assets of $87K (revenue -23.6% year-over-year).
2018: Revenue of $29K, expenses of $10K, and assets of $80K (revenue +39.1% year-over-year).
2017: Revenue of $21K, expenses of $12K, and assets of $61K (revenue +104.2% year-over-year).
2016: Revenue of $10K, expenses of $10K, and assets of $52K (revenue -17.4% year-over-year).
2015: Revenue of $12K, expenses of $9K, and assets of $46K (revenue +26.3% year-over-year).
2014: Revenue of $10K, expenses of $17K, and assets of $47K (revenue -54.5% year-over-year).
2013: Revenue of $21K, expenses of $11K, and assets of $52K (revenue +265.0% year-over-year).
2012: Revenue of $6K, expenses of $14K, and assets of $41K (revenue -34.1% year-over-year).
2011: Revenue of $9K, expenses of $19K, and assets of $49K.

Data Sources and Methodology

This transparency report for International Seaplane Fly In Inc C/O Malcolm R Folsom President 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.