Kennebunkport Business Association
Kennebunkport Business Association maintains modest financial stability with volunteer leadership.
EIN: 10520510 · Kennebunkport, ME · NTEE: S41 · Updated: 2026-03-28
Is Kennebunkport Business Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kennebunkport Business Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kennebunkport Business Association
Kennebunkport Business Association (EIN: 10520510) is a nonprofit organization based in Kennebunkport, ME, classified under NTEE code S41. 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 Kennebunkport Business Association'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 Kennebunkport Business Association with a Mission Score of 80 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Kennebunkport Business Association allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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, indicating a volunteer-led structure and efficient use of funds by avoiding executive salary expenses.
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 Kennebunkport Business Association:
- Consistent IRS 990 filings demonstrating transparency.
- Zero officer compensation, indicating volunteer leadership and efficient use of funds.
- Consistent asset growth, reaching $36,320 in 2017, suggesting financial stability.
- Expenses generally managed within revenue, avoiding significant deficits.
Frequently Asked Questions about Kennebunkport Business Association
Is Kennebunkport Business Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Kennebunkport Business Association (EIN: 10520510) appears legitimate. Mission Score: 80/100. 0 red flags identified, 4 strengths noted.
How does Kennebunkport Business Association spend its money?
Kennebunkport Business Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kennebunkport Business Association tax-deductible?
Kennebunkport Business Association is registered as a tax-exempt nonprofit (EIN: 10520510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Kennebunkport Business Association financially stable?
Yes, the organization appears financially stable, consistently reporting positive assets (e.g., $36,320 in 2017) and managing expenses within their revenue capacity, often generating small surpluses.
How does the Kennebunkport Business Association fund its operations?
Based on the revenue figures (e.g., $19,934 in 2017), the organization likely funds its operations through membership dues, local events, and potentially small grants or donations, typical for a local business association.
Does the Kennebunkport Business Association pay its executives?
No, the IRS 990 data consistently shows 0% officer compensation, indicating that the organization's leadership is volunteer-based.
Filing History
IRS 990 filing history for Kennebunkport Business Association showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Kennebunkport Business Association's revenue has grown by 178.3%, moving from $7K to $20K. Total assets increased by 68.3% over the same period, from $22K to $36K. Total functional expenses rose by 31.4%, from $12K to $16K. In its most recent filing year (2017), Kennebunkport Business Association reported a surplus of $4K, with revenue exceeding expenses. The organization holds $19K in liabilities against $36K in assets (debt-to-asset ratio: 53.3%), resulting in net assets of $17K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2017 | $20K | $16K | $36K | $19K | — | — |
| 2016 | $20K | $14K | $31K | $18K | — | — |
| 2015 | $17K | $19K | $31K | $24K | — | View 990 |
| 2014 | $15K | $13K | $28K | $20K | — | View 990 |
| 2013 | $11K | $22K | $26K | $20K | — | View 990 |
| 2012 | $18K | $6K | $36K | $18K | — | View 990 |
| 2011 | $7K | $12K | $22K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $20K, expenses of $16K, and assets of $36K (revenue +1.8% year-over-year).
- 2016: Revenue of $20K, expenses of $14K, and assets of $31K (revenue +12.0% year-over-year).
- 2015: Revenue of $17K, expenses of $19K, and assets of $31K (revenue +14.0% year-over-year).
- 2014: Revenue of $15K, expenses of $13K, and assets of $28K (revenue +42.5% year-over-year).
- 2013: Revenue of $11K, expenses of $22K, and assets of $26K (revenue -40.0% year-over-year).
- 2012: Revenue of $18K, expenses of $6K, and assets of $36K (revenue +150.5% year-over-year).
- 2011: Revenue of $7K, expenses of $12K, and assets of $22K.
Data Sources and Methodology
This transparency report for Kennebunkport Business 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.