Kennebec Valley Community College Foundation

Kennebec Valley Community College Foundation consistently grows assets with no reported officer compensation.

EIN: 10471173 · Fairfield, ME · Updated: 2026-03-28

$1.8MRevenue

$6.4MAssets

85/100Mission Score (Excellent)

About Kennebec Valley Community College Foundation

Kennebec Valley Community College Foundation (EIN: 10471173) is a nonprofit organization based in Fairfield, ME. The organization reported total revenue of $1.8M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennebec Valley Community College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Kennebec Valley Community College Foundation demonstrates a consistent pattern of financial growth and stability, with assets steadily increasing from $3.9 million in 2014 to over $6.3 million currently. The organization consistently operates with a healthy surplus, as evidenced by revenues generally exceeding expenses across most years, such as $534,504 in revenue against $399,851 in expenses in 2023. This indicates effective financial management and a strong capacity to build its endowment to support its mission. The foundation's transparency is bolstered by its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities.

Regarding spending efficiency, the foundation's primary function appears to be fundraising and asset management to support the college, rather than direct program delivery. Without a detailed breakdown of functional expenses (program, administrative, fundraising) from the provided data, it's challenging to precisely assess spending efficiency. However, the consistent growth in assets suggests that a significant portion of its financial activity is directed towards building long-term resources for the college. The absence of reported officer compensation across all filings indicates a volunteer-led or very lean administrative structure, which is a positive indicator of efficiency.

Overall, the Kennebec Valley Community College Foundation appears to be a financially sound and well-managed organization. Its consistent asset growth and revenue surpluses, coupled with no reported officer compensation, suggest a strong commitment to its mission of supporting the college. Further detailed functional expense data would provide a more granular view of its spending efficiency, but the available information points to a responsible and transparent financial operation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Kennebec Valley Community College 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: 80%
fundraising: 10%

According to IRS 990 filings, Kennebec Valley Community College Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the foundation is likely run by volunteers or that executive roles are compensated through the college itself, which is a strong positive for efficiency and resource allocation.

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.

Strengths

The following positive indicators were identified for Kennebec Valley Community College Foundation:

Consistent asset growth, from $3.9M in 2014 to $6.3M currently, indicating strong financial management.
No reported officer compensation across all filings, suggesting high efficiency and volunteer leadership.
Generally operates with a revenue surplus, such as $534,504 revenue vs. $399,851 expenses in 2023, contributing to financial stability.
Low liabilities relative to assets, indicating a healthy balance sheet.
Consistent IRS 990 filing history, demonstrating transparency.

Frequently Asked Questions about Kennebec Valley Community College Foundation

Is Kennebec Valley Community College Foundation a good charity?

Based on the available data, the Kennebec Valley Community College Foundation appears to be a very good charity. It consistently grows its assets, operates with a surplus, and reports no officer compensation, indicating strong financial health and efficient use of resources to support its mission.

How does the foundation manage its administrative costs?

The absence of reported officer compensation across all filings suggests very low administrative overhead, potentially relying on volunteer leadership or shared services with the college, which is a highly efficient model.

What is the trend in the foundation's assets?

The foundation shows a strong upward trend in assets, growing from $3,910,685 in 2014 to $6,365,417 currently, demonstrating effective asset management and growth.

Filing History

IRS 990 filing history for Kennebec Valley Community College Foundation showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Kennebec Valley Community College Foundation's revenue has grown by 94.9%, moving from $274K to $535K. Total assets increased by 74.2% over the same period, from $3.2M to $5.6M. Total functional expenses rose by 46.2%, from $273K to $400K. In its most recent filing year (2023), Kennebec Valley Community College Foundation reported a surplus of $135K, with revenue exceeding expenses. The organization holds $34K in liabilities against $5.6M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $5.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$535K	$400K	$5.6M	$34K	—	—
2022	$700K	$310K	$5.6M	$20K	—	View 990
2021	$580K	$352K	$5.4M	$13K	—	View 990
2020	$339K	$432K	$4.2M	$25K	—	View 990
2019	$501K	$396K	$4.5M	$50K	—	View 990
2018	$1.0M	$354K	$4.3M	$28K	—	View 990
2017	$357K	$365K	$4.2M	$23K	—	View 990
2016	$461K	$699K	$4.1M	$81K	—	View 990
2015	$660K	$371K	$4.1M	$11K	—	View 990
2014	$475K	$289K	$3.9M	$14K	—	View 990
2013	$880K	$254K	$3.5M	$22K	—	View 990
2012	$274K	$273K	$3.2M	$23K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $535K, expenses of $400K, and assets of $5.6M (revenue -23.6% year-over-year).
2022: Revenue of $700K, expenses of $310K, and assets of $5.6M (revenue +20.7% year-over-year).
2021: Revenue of $580K, expenses of $352K, and assets of $5.4M (revenue +70.8% year-over-year).
2020: Revenue of $339K, expenses of $432K, and assets of $4.2M (revenue -32.3% year-over-year).
2019: Revenue of $501K, expenses of $396K, and assets of $4.5M (revenue -52.1% year-over-year).
2018: Revenue of $1.0M, expenses of $354K, and assets of $4.3M (revenue +193.0% year-over-year).
2017: Revenue of $357K, expenses of $365K, and assets of $4.2M (revenue -22.6% year-over-year).
2016: Revenue of $461K, expenses of $699K, and assets of $4.1M (revenue -30.1% year-over-year).
2015: Revenue of $660K, expenses of $371K, and assets of $4.1M (revenue +38.9% year-over-year).
2014: Revenue of $475K, expenses of $289K, and assets of $3.9M (revenue -45.9% year-over-year).
2013: Revenue of $880K, expenses of $254K, and assets of $3.5M (revenue +220.8% year-over-year).
2012: Revenue of $274K, expenses of $273K, and assets of $3.2M.

Data Sources and Methodology

This transparency report for Kennebec Valley Community College 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.