Kennebec Montessori School

Kennebec Montessori School shows consistent revenue growth and healthy surpluses with no reported officer compensation.

EIN: 10340713 · Fairfield, ME · Updated: 2026-03-28

$1.2MRevenue

$2.0MAssets

85/100Mission Score (Excellent)

About Kennebec Montessori School

Kennebec Montessori School (EIN: 10340713) is a nonprofit organization based in Fairfield, ME. The organization reported total revenue of $1.2M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennebec Montessori School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Kennebec Montessori School demonstrates consistent financial health with a steady increase in revenue and assets over the past decade. In the latest filing (202306), the organization reported revenues of $1,163,187 against expenses of $958,553, indicating a healthy surplus. The asset base has grown significantly from $1,034,090 in 2014 to $2,117,683 in 2023, suggesting good financial management and investment in its mission. The organization's liabilities have also increased, but at a slower rate than assets, maintaining a positive net asset position.

The spending efficiency appears strong, as evidenced by the consistent surpluses in most recent years. Without detailed functional expense breakdowns (program, administrative, fundraising) from the provided data, a precise efficiency ratio cannot be calculated. However, the consistent positive difference between revenue and expenses suggests that the organization is effectively managing its costs relative to its income. The absence of reported officer compensation further indicates a lean operational structure, potentially maximizing resources for its educational programs.

Transparency is generally good, with 13 filings available, demonstrating a commitment to public disclosure. The consistent reporting of zero officer compensation is a notable point for transparency, indicating that top leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which warrants further investigation if a full picture of compensation is desired. Overall, the financial data suggests a well-managed and fiscally responsible organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Kennebec Montessori School 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: 85%
fundraising: 5%

According to IRS 990 filings, Kennebec Montessori School 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

The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is unusual for an organization of this size with over $1 million in annual revenue.

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 Montessori School's IRS 990 filings:

Consistent 0% officer compensation for an organization with over $1M in revenue could indicate compensation is reported in other categories or that leadership is entirely volunteer, which warrants further investigation for full transparency.

Strengths

The following positive indicators were identified for Kennebec Montessori School:

Consistent revenue growth, nearly doubling over the past decade from $644,729 in 2014 to $1,163,187 in 2023.
Healthy financial surpluses in most recent years, such as $204,634 in 2023, indicating effective expense management.
Significant asset growth, increasing from $1,034,090 in 2014 to $2,117,683 in 2023, strengthening the organization's financial foundation.
No reported officer compensation, suggesting a lean administrative structure or significant volunteer leadership.
Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.

Frequently Asked Questions about Kennebec Montessori School

Is Kennebec Montessori School a good charity?

Based on the provided financial data, Kennebec Montessori School appears to be a financially healthy and well-managed organization. It consistently generates surpluses, has growing assets, and reports no officer compensation, which suggests a strong commitment to its mission and efficient use of funds.

How has Kennebec Montessori School's financial health changed over time?

The school has shown consistent financial growth over the past decade. Revenue has nearly doubled from $644,729 in 2014 to $1,163,187 in 2023, and assets have grown from $1,034,090 to $2,117,683 in the same period, indicating robust financial health and expansion.

What is the trend in Kennebec Montessori School's expenses?

Expenses have generally increased in line with revenue growth, from $623,132 in 2014 to $958,553 in 2023. However, in most recent years, revenue has outpaced expenses, leading to healthy surpluses, such as the $204,634 surplus in 2023.

Filing History

IRS 990 filing history for Kennebec Montessori School showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Kennebec Montessori School's revenue has grown by 85.4%, moving from $627K to $1.2M. Total assets increased by 114.1% over the same period, from $989K to $2.1M. Total functional expenses rose by 69.3%, from $566K to $959K. In its most recent filing year (2023), Kennebec Montessori School reported a surplus of $205K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $2.1M in assets (debt-to-asset ratio: 56.7%), resulting in net assets of $917K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$959K	$2.1M	$1.2M	—	View 990
2022	$1.2M	$1.1M	$2.1M	$1.4M	—	View 990
2021	$1.0M	$902K	$2.1M	$1.4M	—	View 990
2020	$890K	$933K	$2.0M	$1.5M	—	—
2019	$944K	$993K	$2.0M	$1.5M	—	View 990
2018	$920K	$896K	$2.0M	$1.5M	—	View 990
2017	$850K	$728K	$1.4M	$963K	—	View 990
2016	$639K	$627K	$1.1M	$767K	—	View 990
2015	$577K	$600K	$1.0M	$731K	—	View 990
2014	$645K	$623K	$1.0M	$698K	—	View 990
2013	$585K	$597K	$999K	$716K	—	View 990
2012	$596K	$580K	$975K	$691K	—	View 990
2011	$627K	$566K	$989K	$735K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.2M, expenses of $959K, and assets of $2.1M (revenue -5.5% year-over-year).
2022: Revenue of $1.2M, expenses of $1.1M, and assets of $2.1M (revenue +20.4% year-over-year).
2021: Revenue of $1.0M, expenses of $902K, and assets of $2.1M (revenue +14.9% year-over-year).
2020: Revenue of $890K, expenses of $933K, and assets of $2.0M (revenue -5.7% year-over-year).
2019: Revenue of $944K, expenses of $993K, and assets of $2.0M (revenue +2.6% year-over-year).
2018: Revenue of $920K, expenses of $896K, and assets of $2.0M (revenue +8.2% year-over-year).
2017: Revenue of $850K, expenses of $728K, and assets of $1.4M (revenue +33.1% year-over-year).
2016: Revenue of $639K, expenses of $627K, and assets of $1.1M (revenue +10.8% year-over-year).
2015: Revenue of $577K, expenses of $600K, and assets of $1.0M (revenue -10.6% year-over-year).
2014: Revenue of $645K, expenses of $623K, and assets of $1.0M (revenue +10.2% year-over-year).
2013: Revenue of $585K, expenses of $597K, and assets of $999K (revenue -1.8% year-over-year).
2012: Revenue of $596K, expenses of $580K, and assets of $975K (revenue -5.0% year-over-year).
2011: Revenue of $627K, expenses of $566K, and assets of $989K.

Data Sources and Methodology

This transparency report for Kennebec Montessori School 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.