Kiwanis Foundation Of Sanford Inc
Kiwanis Foundation Of Sanford Inc maintains stable assets with fluctuating revenue and no executive compensation.
EIN: 10508198 · Sanford, ME · NTEE: T70Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $87K |
| Total Expenses | $28K |
| Program Spending | 85% |
| Net Assets | $186K |
| Transparency Score | 85/100 |
Is Kiwanis Foundation Of Sanford Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kiwanis Foundation Of Sanford Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kiwanis Foundation Of Sanford Inc
Kiwanis Foundation Of Sanford Inc (EIN: 10508198) is a nonprofit organization based in Sanford, ME, classified under NTEE code T70Z. The organization reported total revenue of $87K and total assets of $318K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kiwanis Foundation Of Sanford Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kiwanis Foundation Of Sanford Inc is a micro nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $28K |
| Surplus / Deficit | +$11K |
| Total Assets | $193K |
| Total Liabilities | $7K |
| Net Assets | $186K |
| Operating Margin | 28.0% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 84.4 months |
Financial Health Grade: A
In 2023, Kiwanis Foundation Of Sanford Inc reported a surplus of $11K with revenue exceeding expenses, holds 84.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kiwanis Foundation Of Sanford Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.6% | -55.3% | +7.9% |
| 2022 | -50.7% | +578.0% | -19.2% |
| 2021 | +177.8% | -33.7% | +26.2% |
| 2020 | -7.9% | -20.3% | +3.6% |
| 2019 | -67.0% | -34.4% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kiwanis Foundation Of Sanford Inc 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, Kiwanis Foundation Of Sanford Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Kiwanis Foundation Of Sanford Inc's IRS 990 filings:
- Significant expense exceeding revenue in 2022 ($61,530 expenses vs $27,153 revenue), leading to a draw-down of assets.
Strengths
The following positive indicators were identified for Kiwanis Foundation Of Sanford Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Healthy asset growth over the long term, from $101,824 in 2014 to $193,328 in 2023.
- Consistent filing of IRS 990 forms, demonstrating transparency and compliance.
- Assets consistently exceed liabilities, indicating financial stability.
Frequently Asked Questions about Kiwanis Foundation Of Sanford Inc
Is Kiwanis Foundation Of Sanford Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kiwanis Foundation Of Sanford Inc (EIN: 10508198) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Kiwanis Foundation Of Sanford Inc spend its money?
Kiwanis Foundation Of Sanford Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kiwanis Foundation Of Sanford Inc tax-deductible?
Kiwanis Foundation Of Sanford Inc is registered as a tax-exempt nonprofit (EIN: 10508198). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kiwanis Foundation Of Sanford Inc's spending goes to programs?
Kiwanis Foundation Of Sanford Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kiwanis Foundation Of Sanford Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kiwanis Foundation Of Sanford Inc is above average for NTEE category T70Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kiwanis Foundation Of Sanford Inc located?
Kiwanis Foundation Of Sanford Inc is headquartered in Sanford, Maine and files with the IRS under EIN 10508198. It is classified under NTEE code T70Z.
How many years of IRS 990 filings does Kiwanis Foundation Of Sanford Inc have?
Kiwanis Foundation Of Sanford Inc has 13 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 $87K in total revenue.
Is Kiwanis Foundation Of Sanford Inc a good charity?
Based on the available data, the Kiwanis Foundation Of Sanford Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission and operational costs rather than executive salaries. Its assets have grown over time, and it maintains a healthy financial position with assets significantly exceeding liabilities. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a definitive assessment of spending efficiency is limited.
How has the organization's financial health changed over the past decade?
The organization's financial health has generally improved over the past decade, with assets growing from $101,824 in 2014 to $193,328 in 2023. While there have been fluctuations in revenue and expenses, such as a significant expense year in 2022 ($61,530 expenses vs $27,153 revenue), the organization has demonstrated resilience and a capacity to rebuild its asset base.
What is the trend in the organization's revenue?
The organization's revenue has been highly variable over the past decade, ranging from a low of $19,837 in 2020 to a high of $65,366 in 2018. The latest reported revenue in 2023 was $38,188, showing an increase from the previous year's $27,153.
Filing History
IRS 990 filing history for Kiwanis Foundation Of Sanford Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kiwanis Foundation Of Sanford Inc's revenue has declined by 41.5%, moving from $65K to $38K. Total assets increased by 113.6% over the same period, from $91K to $193K. Total functional expenses fell by 56.9%, from $64K to $28K. In its most recent filing year (2023), Kiwanis Foundation Of Sanford Inc reported a surplus of $11K, with revenue exceeding expenses. The organization holds $7K in liabilities against $193K in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $186K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $28K | $193K | $7K | — | View 990 |
| 2022 | $27K | $62K | $179K | $4K | — | View 990 |
| 2021 | $55K | $9K | $222K | $0 | — | View 990 |
| 2020 | $20K | $14K | $176K | $0 | — | View 990 |
| 2019 | $22K | $17K | $169K | $0 | — | View 990 |
| 2018 | $65K | $26K | $165K | $0 | — | View 990 |
| 2017 | $37K | $19K | $126K | $0 | — | View 990 |
| 2016 | $31K | $26K | $108K | $250 | — | View 990 |
| 2015 | $20K | $19K | $104K | $1K | — | View 990 |
| 2014 | $23K | $21K | $102K | $0 | — | View 990 |
| 2013 | $28K | $17K | $100K | $19 | — | View 990 |
| 2012 | $33K | $34K | $89K | $0 | — | View 990 |
| 2011 | $65K | $64K | $91K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $28K, and assets of $193K (revenue +40.6% year-over-year).
- 2022: Revenue of $27K, expenses of $62K, and assets of $179K (revenue -50.7% year-over-year).
- 2021: Revenue of $55K, expenses of $9K, and assets of $222K (revenue +177.8% year-over-year).
- 2020: Revenue of $20K, expenses of $14K, and assets of $176K (revenue -7.9% year-over-year).
- 2019: Revenue of $22K, expenses of $17K, and assets of $169K (revenue -67.0% year-over-year).
- 2018: Revenue of $65K, expenses of $26K, and assets of $165K (revenue +75.3% year-over-year).
- 2017: Revenue of $37K, expenses of $19K, and assets of $126K (revenue +20.4% year-over-year).
- 2016: Revenue of $31K, expenses of $26K, and assets of $108K (revenue +55.5% year-over-year).
- 2015: Revenue of $20K, expenses of $19K, and assets of $104K (revenue -12.4% year-over-year).
- 2014: Revenue of $23K, expenses of $21K, and assets of $102K (revenue -19.1% year-over-year).
- 2013: Revenue of $28K, expenses of $17K, and assets of $100K (revenue -15.1% year-over-year).
- 2012: Revenue of $33K, expenses of $34K, and assets of $89K (revenue -49.3% year-over-year).
- 2011: Revenue of $65K, expenses of $64K, and assets of $91K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kiwanis Foundation Of Sanford Inc:
Data Sources and Methodology
This transparency report for Kiwanis Foundation Of Sanford Inc 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.