Jay L Ramsdell Foundation

Jay L Ramsdell Foundation operates with volunteer leadership and modest, consistent financial activity.

EIN: 10451718 · Damariscotta, ME · Updated: 2026-03-28

$71KRevenue

$153KAssets

85/100Mission Score (Excellent)

Is Jay L Ramsdell Foundation Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Jay L Ramsdell Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Jay L Ramsdell Foundation

Jay L Ramsdell Foundation (EIN: 10451718) is a nonprofit organization based in Damariscotta, ME. The organization reported total revenue of $71K and total assets of $153K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jay L Ramsdell Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Jay L Ramsdell Foundation appears to be a small, private foundation with consistent, albeit modest, financial activity. Over the past decade, its annual revenue has fluctuated, ranging from a low of $5,231 in 2014 to a high of $16,237 in 2021. Expenses have generally tracked revenue, indicating a focus on distributing funds rather than accumulating significant reserves, though assets have shown a gradual increase from $84,135 in 2011 to $101,612 in 2023. The foundation consistently reports zero officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds for its stated purpose.

Given its small scale and the absence of officer compensation, the foundation demonstrates a high degree of spending efficiency in terms of administrative overhead related to salaries. The consistent reporting of minimal liabilities (often $1 or $0) suggests sound financial management and a lack of debt. However, without detailed expense breakdowns beyond total expenses, it's challenging to fully assess the proportion of spending directly on programs versus other administrative costs. The foundation's transparency is good in terms of filing its 990s consistently, but the lack of an NTEE code and detailed program descriptions in the provided data limits a deeper understanding of its specific mission and impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Jay L Ramsdell Foundation 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, Jay L Ramsdell Foundation 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 filings, indicating that the foundation is run by unpaid volunteers. This is highly commendable for a small organization, ensuring that all available funds can be directed towards its mission.

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 Jay L Ramsdell Foundation's IRS 990 filings:

NTEE Code is unknown, limiting understanding of specific mission focus
Lack of detailed expense breakdown beyond total expenses in provided data

Strengths

The following positive indicators were identified for Jay L Ramsdell Foundation:

Consistent 0% officer compensation, indicating volunteer leadership
Low liabilities, often $0 or $1, suggesting strong financial stability
Consistent IRS 990 filing history, demonstrating transparency
Assets have shown a gradual increase over time
Expenses generally align with revenue, indicating active distribution of funds

Frequently Asked Questions about Jay L Ramsdell Foundation

Is Jay L Ramsdell Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Jay L Ramsdell Foundation (EIN: 10451718) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

How does Jay L Ramsdell Foundation spend its money?

Jay L Ramsdell Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Jay L Ramsdell Foundation tax-deductible?

Jay L Ramsdell Foundation is registered as a tax-exempt nonprofit (EIN: 10451718). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is the Jay L Ramsdell Foundation a good charity?

Based on the provided financial data, the foundation demonstrates strong financial health for its size, with consistent revenue and expenses, and a notable absence of officer compensation. This suggests efficient use of funds. However, without an NTEE code or detailed program information, it's difficult to assess its programmatic impact fully.

How does the foundation manage its expenses?

The foundation's expenses generally align closely with its revenue, indicating that it spends most of what it brings in annually. For example, in 2023, revenue was $6,308 and expenses were $6,247. The consistent reporting of 0% officer compensation suggests a very lean operational model.

What is the trend in the foundation's assets?

The foundation's assets have shown a gradual but steady increase over the past decade, growing from $84,135 in 2011 to $101,612 in 2023. This indicates prudent financial management and a slight accumulation of reserves.

Filing History

IRS 990 filing history for Jay L Ramsdell Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Jay L Ramsdell Foundation's revenue has grown by 15.7%, moving from $5K to $6K. Total assets increased by 20.8% over the same period, from $84K to $102K. Total functional expenses rose by 58.2%, from $4K to $6K. In its most recent filing year (2023), Jay L Ramsdell Foundation reported a surplus of $61, with revenue exceeding expenses. The organization holds $1 in liabilities against $102K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $102K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$6K	$6K	$102K	$1	—	View 990
2022	$6K	$9K	$102K	$1	—	View 990
2021	$16K	$6K	$104K	$1	—	View 990
2020	$8K	$5K	$94K	$1	—	View 990
2019	$7K	$6K	$90K	$1	—	View 990
2015	$9K	$9K	$87K	$1	—	View 990
2014	$5K	$6K	$87K	$0	—	View 990
2013	$6K	$6K	$88K	$0	—	View 990
2012	$7K	$4K	$87K	$1	—	View 990
2011	$5K	$4K	$84K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $6K, expenses of $6K, and assets of $102K (revenue -2.2% year-over-year).
2022: Revenue of $6K, expenses of $9K, and assets of $102K (revenue -60.3% year-over-year).
2021: Revenue of $16K, expenses of $6K, and assets of $104K (revenue +103.7% year-over-year).
2020: Revenue of $8K, expenses of $5K, and assets of $94K (revenue +9.1% year-over-year).
2019: Revenue of $7K, expenses of $6K, and assets of $90K (revenue -21.1% year-over-year).
2015: Revenue of $9K, expenses of $9K, and assets of $87K (revenue +77.1% year-over-year).
2014: Revenue of $5K, expenses of $6K, and assets of $87K (revenue -11.9% year-over-year).
2013: Revenue of $6K, expenses of $6K, and assets of $88K (revenue -19.1% year-over-year).
2012: Revenue of $7K, expenses of $4K, and assets of $87K (revenue +34.7% year-over-year).
2011: Revenue of $5K, expenses of $4K, and assets of $84K.

Data Sources and Methodology

This transparency report for Jay L Ramsdell Foundation 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.