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
$625KGross Revenue
$6.4MAssets
85/100Mission Score (Excellent)

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Kennebec Valley Community College Foundation Financial Summary
MetricValue
Total Revenue$1.8M
Total Expenses$400K
Program Spending80%
Net Assets$5.5M
Transparency Score85/100

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Kennebec Valley Community College Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Kennebec Valley Community College Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Kennebec Valley Community College Foundation in one place.

Form 990 Filing Summary

12 filing years are available, with latest revenue of $535K and expenses of $400K.

Revenue and Expenses

Kennebec Valley Community College Foundation reported $535K in revenue and $400K in expenses, a surplus of $135K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

85/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.

Is Kennebec Valley Community College Foundation Legit?

Appears Legitimate

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
NoneRed Flags

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

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Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
80%Program Expense
$0Grants Paid
12Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Kennebec Valley Community College Foundation Expense Deployment
Program services$320K (80%)

Across stored filings, Kennebec Valley Community College Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Kennebec Valley Community College Foundation Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacyAppears LegitimateGood filing record; no red flags identified
Mission spend80% to programsExcellent
Financial durabilityGrade A12 stored filing years
Peer contextCompare with Maine Composite Materials Applied Technology Development CenterMaine and category context

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Kennebec Valley Community College Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

33Years Operating
Mid-SizeSize Classification
12Years of Filings
MixedRevenue Trajectory

Kennebec Valley Community College Foundation is a mid-size nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$535K
Total Expenses$400K
Surplus / Deficit+$135K
Total Assets$5.6M
Total Liabilities$34K
Net Assets$5.5M
Operating Margin25.2%
Debt-to-Asset Ratio0.6%
Months of Reserves166.9 months

Financial Health Grade: A

In 2023, Kennebec Valley Community College Foundation reported a surplus of $135K with revenue exceeding expenses, holds 166.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).

Financial Trends

Over 12 years of filings (2012–2023), Kennebec Valley Community College Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.

YearRevenue ChangeExpense ChangeAsset Change
2023-23.6%+29.1%+0.2%
2022+20.7%-11.9%+3.4%
2021+70.8%-18.5%+26.5%
2020-32.3%+9.1%-5.7%
2019-52.1%+11.6%+4.1%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date1993

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$535KTotal Revenue
$400KTotal Expenses
$5.6MTotal Assets
$34KTotal Liabilities
$5.5MNet Assets
  • The organization reported a surplus of $135K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 0.6%.

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 legitimate charity?

Kennebec Valley Community College Foundation (EIN: 10471173) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. 5 strengths noted. Financial health grade: A.

How does Kennebec Valley Community College Foundation spend its money?

Kennebec Valley Community College Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.

Are donations to Kennebec Valley Community College Foundation tax-deductible?

Kennebec Valley Community College Foundation is registered as a tax-exempt nonprofit (EIN: 10471173). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of Kennebec Valley Community College Foundation's spending goes to programs?

Kennebec Valley Community College Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

Where is Kennebec Valley Community College Foundation located?

Kennebec Valley Community College Foundation is headquartered in Fairfield, Maine and files with the IRS under EIN 10471173.

How many years of IRS 990 filings does Kennebec Valley Community College Foundation have?

Kennebec Valley Community College Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.

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.

YearRevenueExpensesAssetsLiabilitiesOfficer 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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Kennebec Valley Community College Foundation:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing

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.

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