Jay Niles Memorial Library Association
Jay Niles Memorial Library Association shows inconsistent financial performance with liabilities exceeding assets in 2017.
EIN: 10229544 · North Jay, ME · NTEE: B70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $170K |
| Program Spending | 85% |
| Net Assets | $-32,449 |
| Transparency Score | 70/100 |
Is Jay Niles Memorial Library Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jay Niles Memorial Library Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jay Niles Memorial Library Association
Jay Niles Memorial Library Association (EIN: 10229544) is a nonprofit organization based in North Jay, ME, classified under NTEE code B70. 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 Jay Niles Memorial Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jay Niles Memorial Library Association is a small nonprofit that has been operating for 11 years, with 2 years of IRS 990 filings on record (2015–2017). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $170K |
| Surplus / Deficit | +$599 |
| Total Assets | $171K |
| Total Liabilities | $203K |
| Net Assets | $-32,449 |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 119.0% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2017, Jay Niles Memorial Library Association reported a surplus of $599 with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 119.0% (high leverage).
Financial Trends
Over 2 years of filings (2015–2017), Jay Niles Memorial Library Association's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +2.3% | -14.9% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
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 Jay Niles Memorial Library Association with a Mission Score of 70 out of 100 (Good). 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, Jay Niles Memorial Library Association 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 $599, with revenue exceeding expenses.
- Debt-to-asset ratio: 119.0%.
Executive Compensation Analysis
Officer compensation was reported as 0% in both 2017 and 2015, indicating that the organization likely relies on volunteer leadership or has very minimal, if any, paid executive staff, which is common for smaller community libraries.
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 Niles Memorial Library Association's IRS 990 filings:
- Liabilities ($203,379 in 2017) significantly exceed assets ($170,930 in 2017), indicating potential solvency issues.
- Expenses ($200,137 in 2015) exceeded revenue ($167,089 in 2015), resulting in a deficit.
- Reported $0 latest revenue and assets, which requires further investigation for current operational status.
Strengths
The following positive indicators were identified for Jay Niles Memorial Library Association:
- No officer compensation reported in 2017 and 2015, suggesting a volunteer-driven or very lean administrative model.
- Expenses were nearly matched by revenue in 2017 ($170,370 expenses vs $170,969 revenue), showing improved operational efficiency compared to 2015.
Frequently Asked Questions about Jay Niles Memorial Library Association
Is Jay Niles Memorial Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Jay Niles Memorial Library Association (EIN: 10229544) some concerns. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
How does Jay Niles Memorial Library Association spend its money?
Jay Niles Memorial Library Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jay Niles Memorial Library Association tax-deductible?
Jay Niles Memorial Library Association is registered as a tax-exempt nonprofit (EIN: 10229544). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jay Niles Memorial Library Association's spending goes to programs?
Jay Niles Memorial Library Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jay Niles Memorial Library Association compare to similar nonprofits?
With a transparency score of 70/100 (Good), Jay Niles Memorial Library Association is above average for NTEE category B70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jay Niles Memorial Library Association located?
Jay Niles Memorial Library Association is headquartered in North Jay, Maine and files with the IRS under EIN 10229544. It is classified under NTEE code B70.
How many years of IRS 990 filings does Jay Niles Memorial Library Association have?
Jay Niles Memorial Library Association has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Jay Niles Memorial Library Association a good charity?
Based on the available data, the organization appears to be volunteer-led with no reported officer compensation, which is positive. However, the liabilities exceeding assets in 2017 ($203,379 vs $170,930) and the deficit in 2015 ($200,137 expenses vs $167,089 revenue) raise questions about its long-term financial stability. The $0 latest revenue and assets also require clarification.
What caused the significant liabilities in 2017?
The provided data does not specify the nature of the $203,379 in liabilities reported in 2017. This could be due to mortgages, loans, or other obligations, and further detail from the full 990 filing would be needed to understand this financial position.
How does the organization sustain itself with $0 latest revenue?
The provided summary indicates $0 latest revenue and assets. This could be an anomaly in the summary data, a recent change in the organization's operational status, or a period where no income was generated. It would be critical to review the most recent full 990 filing to understand the current financial standing.
Filing History
IRS 990 filing history for Jay Niles Memorial Library Association showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2015–2017), Jay Niles Memorial Library Association's revenue has grown by 2.3%, moving from $167K to $171K. Total assets increased by 2.3% over the same period, from $167K to $171K. Total functional expenses fell by 14.9%, from $200K to $170K. In its most recent filing year (2017), Jay Niles Memorial Library Association reported a surplus of $599, with revenue exceeding expenses. The organization holds $203K in liabilities against $171K in assets (debt-to-asset ratio: 119.0%), resulting in net assets of $-32,449.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $171K | $170K | $171K | $203K | — | View 990 |
| 2015 | $167K | $200K | $167K | $200K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jay Niles Memorial Library Association:
Data Sources and Methodology
This transparency report for Jay Niles Memorial Library Association 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.