James And Betty Jacobs Fam Charitable Tr
James And Betty Jacobs Fam Charitable Tr maintains stable multi-million dollar assets with zero officer compensation.
EIN: 10511399 · West Bath, ME · NTEE: T00I · Updated: 2026-03-28
Is James And Betty Jacobs Fam Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
James And Betty Jacobs Fam Charitable Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About James And Betty Jacobs Fam Charitable Tr
James And Betty Jacobs Fam Charitable Tr (EIN: 10511399) is a nonprofit organization based in West Bath, ME, classified under NTEE code T00I. The organization reported total revenue of $1.8M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James And Betty Jacobs Fam Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates James And Betty Jacobs Fam Charitable Tr 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: 90%
- fundraising: 0%
According to IRS 990 filings, James And Betty Jacobs Fam 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is highly efficient for a charitable trust of this 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 James And Betty Jacobs Fam Charitable Tr's IRS 990 filings:
- Lack of detailed expense breakdown in summary data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for James And Betty Jacobs Fam Charitable Tr:
- Consistently low liabilities ($0 or $1) indicating strong financial stability.
- Zero officer compensation reported across all filings, suggesting highly efficient use of funds.
- Stable multi-million dollar asset base, demonstrating long-term financial health.
- Consistent IRS 990 filing history over a decade, indicating good compliance.
Frequently Asked Questions about James And Betty Jacobs Fam Charitable Tr
Is James And Betty Jacobs Fam Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, James And Betty Jacobs Fam Charitable Tr (EIN: 10511399) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does James And Betty Jacobs Fam Charitable Tr spend its money?
James And Betty Jacobs Fam Charitable Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to James And Betty Jacobs Fam Charitable Tr tax-deductible?
James And Betty Jacobs Fam Charitable Tr is registered as a tax-exempt nonprofit (EIN: 10511399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific programs or grants funded by the James And Betty Jacobs Fam Charitable Tr?
The provided data does not detail the specific programs or grant recipients. Further investigation of the full 990 forms would be required to understand the trust's charitable distributions.
How does the trust manage its investments to maintain its asset base?
While the asset base is stable, the provided data does not offer insights into the trust's investment strategies or performance. This information would typically be found in the full 990-PF filing for private foundations.
What is the reason for the significant fluctuations in annual revenue?
Revenue fluctuations, such as $3,756,130 in 2014 versus $138,860 in 2023, could be due to varying investment returns, large one-time contributions, or changes in endowment distribution policies. The summary data does not provide specific reasons.
Filing History
IRS 990 filing history for James And Betty Jacobs Fam Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), James And Betty Jacobs Fam Charitable Tr's revenue has grown by 67636.6%, moving from $205 to $139K. Total assets increased by 11846% over the same period, from $34K to $4.0M. Total functional expenses rose by 14994.7%, from $2K to $332K. In its most recent filing year (2023), James And Betty Jacobs Fam Charitable Tr reported a deficit of $193K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $139K | $332K | $4.0M | $1 | — | View 990 |
| 2022 | $660K | $307K | $4.2M | $1 | — | View 990 |
| 2021 | $408K | $378K | $3.9M | $1 | — | — |
| 2020 | $226K | $308K | $3.8M | $1 | — | — |
| 2019 | $321K | $307K | $3.9M | $0 | — | View 990 |
| 2015 | $608K | $208K | $4.1M | $0 | — | View 990 |
| 2014 | $3.8M | $123K | $3.7M | $0 | — | View 990 |
| 2013 | $2K | $2K | $33K | $0 | — | View 990 |
| 2012 | $2K | $2K | $33K | $0 | — | View 990 |
| 2011 | $205 | $2K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $139K, expenses of $332K, and assets of $4.0M (revenue -78.9% year-over-year).
- 2022: Revenue of $660K, expenses of $307K, and assets of $4.2M (revenue +61.5% year-over-year).
- 2021: Revenue of $408K, expenses of $378K, and assets of $3.9M (revenue +80.6% year-over-year).
- 2020: Revenue of $226K, expenses of $308K, and assets of $3.8M (revenue -29.6% year-over-year).
- 2019: Revenue of $321K, expenses of $307K, and assets of $3.9M (revenue -47.2% year-over-year).
- 2015: Revenue of $608K, expenses of $208K, and assets of $4.1M (revenue -83.8% year-over-year).
- 2014: Revenue of $3.8M, expenses of $123K, and assets of $3.7M (revenue +250141.8% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $33K (revenue -11.7% year-over-year).
- 2012: Revenue of $2K, expenses of $2K, and assets of $33K (revenue +729.3% year-over-year).
- 2011: Revenue of $205, expenses of $2K, and assets of $34K.
Data Sources and Methodology
This transparency report for James And Betty Jacobs Fam 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.