Kollegewidgwok Sailing And Education Association
Kollegewidgwok Sailing And Education Association consistently operates with volunteer leadership but has recently spent more than it earned.
EIN: 134258964 · Blue Hill, ME · NTEE: N67 · Updated: 2026-03-28
About Kollegewidgwok Sailing And Education Association
Kollegewidgwok Sailing And Education Association (EIN: 134258964) is a nonprofit organization based in Blue Hill, ME, classified under NTEE code N67. The organization reported total revenue of $240K and total assets of $476K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kollegewidgwok Sailing And Education 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 Kollegewidgwok Sailing And Education 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Kollegewidgwok Sailing And Education Association 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 reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based. This is a strong positive for efficiency, as no donor funds are used for executive salaries.
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 Kollegewidgwok Sailing And Education Association's IRS 990 filings:
- Expenses consistently exceeding revenue in recent years (e.g., 202312, 202212, 202012), potentially drawing down reserves.
- Slight decline in total assets from peak levels, suggesting a need for increased revenue generation or expense management.
Strengths
The following positive indicators were identified for Kollegewidgwok Sailing And Education Association:
- Zero officer compensation reported across all filings, indicating a volunteer-driven leadership and efficient use of funds.
- Consistent and healthy asset base (e.g., $493,510 in 202312) providing financial stability.
- Low liabilities (e.g., $10,807 in 202312) indicating good financial management and minimal debt.
Frequently Asked Questions about Kollegewidgwok Sailing And Education Association
Is Kollegewidgwok Sailing And Education Association a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its volunteer leadership (0% officer compensation) and consistent asset base. However, recent trends of expenses exceeding revenue (e.g., $220,556 expenses vs. $173,591 revenue in 2023) suggest a need to review funding strategies.
How does the organization fund its operations given recent deficits?
In periods like 202312, where expenses ($220,556) significantly exceeded revenue ($173,591), the organization likely draws upon accumulated reserves or prior year surpluses. This pattern, if sustained, could impact long-term financial stability.
What is the trend of the organization's net assets?
Net assets have fluctuated but generally remained strong, with assets at $493,510 and liabilities at $10,807 in 202312. However, there has been a slight decline from a high of $570,114 in 201612, indicating some drawdowns.
Filing History
IRS 990 filing history for Kollegewidgwok Sailing And Education Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kollegewidgwok Sailing And Education Association's revenue has declined by 25.1%, moving from $232K to $174K. Total assets decreased by 17.9% over the same period, from $601K to $494K. Total functional expenses rose by 111.7%, from $104K to $221K. In its most recent filing year (2023), Kollegewidgwok Sailing And Education Association reported a deficit of $47K, with expenses exceeding revenue. The organization holds $11K in liabilities against $494K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $483K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $174K | $221K | $494K | $11K | — | — |
| 2022 | $177K | $180K | $530K | $0 | — | — |
| 2021 | $176K | $169K | $534K | $1K | — | View 990 |
| 2020 | $136K | $156K | $521K | $515 | — | — |
| 2019 | $231K | $152K | $541K | $218 | — | View 990 |
| 2018 | $113K | $165K | $462K | $214 | — | View 990 |
| 2017 | $120K | $176K | $518K | $4K | — | View 990 |
| 2016 | $217K | $155K | $570K | $107 | — | View 990 |
| 2015 | $122K | $154K | $508K | $101 | — | View 990 |
| 2014 | $122K | $136K | $540K | $96 | — | View 990 |
| 2013 | $111K | $144K | $562K | $8K | — | View 990 |
| 2012 | $101K | $115K | $587K | $75 | — | View 990 |
| 2011 | $232K | $104K | $601K | $405 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $174K, expenses of $221K, and assets of $494K (revenue -1.9% year-over-year).
- 2022: Revenue of $177K, expenses of $180K, and assets of $530K (revenue +0.6% year-over-year).
- 2021: Revenue of $176K, expenses of $169K, and assets of $534K (revenue +29.6% year-over-year).
- 2020: Revenue of $136K, expenses of $156K, and assets of $521K (revenue -41.3% year-over-year).
- 2019: Revenue of $231K, expenses of $152K, and assets of $541K (revenue +104.4% year-over-year).
- 2018: Revenue of $113K, expenses of $165K, and assets of $462K (revenue -5.6% year-over-year).
- 2017: Revenue of $120K, expenses of $176K, and assets of $518K (revenue -44.9% year-over-year).
- 2016: Revenue of $217K, expenses of $155K, and assets of $570K (revenue +78.7% year-over-year).
- 2015: Revenue of $122K, expenses of $154K, and assets of $508K (revenue -0.2% year-over-year).
- 2014: Revenue of $122K, expenses of $136K, and assets of $540K (revenue +9.3% year-over-year).
- 2013: Revenue of $111K, expenses of $144K, and assets of $562K (revenue +10.3% year-over-year).
- 2012: Revenue of $101K, expenses of $115K, and assets of $587K (revenue -56.5% year-over-year).
- 2011: Revenue of $232K, expenses of $104K, and assets of $601K.
Data Sources and Methodology
This transparency report for Kollegewidgwok Sailing And Education 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.