Kennebec Estuary Land Trust
Kennebec Estuary Land Trust shows consistent financial growth and zero reported officer compensation over a decade.
EIN: 10446468 · Bath, ME · NTEE: C340 · Updated: 2026-03-28
Is Kennebec Estuary Land Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kennebec Estuary Land Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kennebec Estuary Land Trust
Kennebec Estuary Land Trust (EIN: 10446468) is a nonprofit organization based in Bath, ME, classified under NTEE code C340. The organization reported total revenue of $1.4M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennebec Estuary Land Trust'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 Kennebec Estuary Land Trust 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: 85%
- fundraising: 5%
According to IRS 990 filings, Kennebec Estuary Land Trust 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.
Executive Compensation Analysis
Kennebec Estuary Land Trust consistently reports 0% officer compensation across all available filings, indicating that no officers received reportable compensation from the organization, which is highly unusual for an organization of its size with assets nearing $10 million.
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 Kennebec Estuary Land Trust's IRS 990 filings:
- Unusually low reported liabilities relative to assets, which could indicate conservative accounting or specific operational structure.
- Consistent 0% officer compensation for an organization of this size and asset base is highly unusual and might warrant further inquiry into how leadership is compensated, if at all, or if key roles are volunteer-based.
Strengths
The following positive indicators were identified for Kennebec Estuary Land Trust:
- Strong and consistent asset growth, nearly doubling over the last decade from $4.07M to $9.32M.
- Consistent financial surpluses, with revenue regularly exceeding expenses (e.g., $2.15M revenue vs. $1.56M expenses in 2023).
- Zero reported officer compensation across all filings, indicating a potential for very low administrative overhead or a highly volunteer-driven leadership structure.
- Excellent financial transparency with 13 consistent IRS 990 filings.
- Healthy revenue growth, increasing from $1.2M in 2014 to $2.15M in 2023.
Frequently Asked Questions about Kennebec Estuary Land Trust
Is Kennebec Estuary Land Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Kennebec Estuary Land Trust (EIN: 10446468) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Kennebec Estuary Land Trust spend its money?
Kennebec Estuary Land Trust directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kennebec Estuary Land Trust tax-deductible?
Kennebec Estuary Land Trust is registered as a tax-exempt nonprofit (EIN: 10446468). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kennebec Estuary Land Trust financially stable?
Yes, KELT appears very financially stable. Its assets have grown from $4.07 million in 2014 to $9.32 million in 2023, and it consistently reports a surplus, with 2023 revenue of $2,150,609 exceeding expenses of $1,563,121.
How much does Kennebec Estuary Land Trust spend on executive compensation?
Kennebec Estuary Land Trust reports 0% officer compensation in all available IRS 990 filings, meaning no officers received reportable compensation from the organization.
Has Kennebec Estuary Land Trust's revenue been growing?
Yes, KELT's revenue has shown significant growth, increasing from $1,204,377 in 2014 to $2,150,609 in 2023, with some year-to-year fluctuations but a clear upward trend.
What is Kennebec Estuary Land Trust's asset growth over the last decade?
Kennebec Estuary Land Trust's assets have more than doubled over the last decade, growing from $4,073,102 in 2014 to $9,321,385 in 2023.
Filing History
IRS 990 filing history for Kennebec Estuary Land Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kennebec Estuary Land Trust's revenue has grown by 217.2%, moving from $678K to $2.2M. Total assets increased by 225.9% over the same period, from $2.9M to $9.3M. Total functional expenses rose by 388%, from $320K to $1.6M. In its most recent filing year (2023), Kennebec Estuary Land Trust reported a surplus of $587K, with revenue exceeding expenses. The organization holds $45K in liabilities against $9.3M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $9.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.6M | $9.3M | $45K | — | — |
| 2022 | $1.7M | $509K | $8.6M | $44K | — | — |
| 2021 | $890K | $525K | $7.6M | $26K | — | View 990 |
| 2020 | $1.3M | $648K | $7.1M | $39K | — | View 990 |
| 2019 | $1.4M | $965K | $6.5M | $111K | — | View 990 |
| 2018 | $871K | $579K | $5.9M | $33K | — | View 990 |
| 2017 | $970K | $387K | $5.7M | $42K | — | View 990 |
| 2016 | $1.3M | $777K | $5.0M | $27K | — | View 990 |
| 2015 | $896K | $433K | $4.5M | $23K | — | View 990 |
| 2014 | $1.2M | $634K | $4.1M | $25K | — | View 990 |
| 2013 | $990K | $424K | $3.5M | $29K | — | View 990 |
| 2012 | $1.2M | $1.2M | $2.9M | $0 | — | View 990 |
| 2011 | $678K | $320K | $2.9M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.6M, and assets of $9.3M (revenue +29.0% year-over-year).
- 2022: Revenue of $1.7M, expenses of $509K, and assets of $8.6M (revenue +87.4% year-over-year).
- 2021: Revenue of $890K, expenses of $525K, and assets of $7.6M (revenue -31.4% year-over-year).
- 2020: Revenue of $1.3M, expenses of $648K, and assets of $7.1M (revenue -8.7% year-over-year).
- 2019: Revenue of $1.4M, expenses of $965K, and assets of $6.5M (revenue +63.2% year-over-year).
- 2018: Revenue of $871K, expenses of $579K, and assets of $5.9M (revenue -10.2% year-over-year).
- 2017: Revenue of $970K, expenses of $387K, and assets of $5.7M (revenue -23.4% year-over-year).
- 2016: Revenue of $1.3M, expenses of $777K, and assets of $5.0M (revenue +41.3% year-over-year).
- 2015: Revenue of $896K, expenses of $433K, and assets of $4.5M (revenue -25.6% year-over-year).
- 2014: Revenue of $1.2M, expenses of $634K, and assets of $4.1M (revenue +21.7% year-over-year).
- 2013: Revenue of $990K, expenses of $424K, and assets of $3.5M (revenue -18.0% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $2.9M (revenue +78.1% year-over-year).
- 2011: Revenue of $678K, expenses of $320K, and assets of $2.9M.
Data Sources and Methodology
This transparency report for Kennebec Estuary Land Trust 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.