Lake Stewards Of Maine
Lake Stewards Of Maine consistently grows assets and revenue with 0% officer compensation.
EIN: 10502630 · Auburn, ME · NTEE: C320 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $513K |
| Total Expenses | $587K |
| Program Spending | 85% |
| Net Assets | $868K |
| Transparency Score | 92/100 |
Is Lake Stewards Of Maine Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Stewards Of Maine directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Stewards Of Maine
Lake Stewards Of Maine (EIN: 10502630) is a nonprofit organization based in Auburn, ME, classified under NTEE code C320. The organization reported total revenue of $513K and total assets of $659K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Stewards Of Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Stewards Of Maine is a small 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 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $666K |
| Total Expenses | $587K |
| Surplus / Deficit | +$80K |
| Total Assets | $908K |
| Total Liabilities | $40K |
| Net Assets | $868K |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2023, Lake Stewards Of Maine reported a surplus of $80K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake Stewards Of Maine's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.4% | -10.4% | +9.5% |
| 2022 | +29.4% | +29.6% | +12.4% |
| 2021 | +7.3% | +3.5% | +10.4% |
| 2020 | -20.0% | -0.7% | +7.9% |
| 2019 | +40.4% | +2.3% | +41.4% |
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 Lake Stewards Of Maine with a Mission Score of 92 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, Lake Stewards Of Maine 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 $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for transparency and ensures funds are directed towards programmatic activities.
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 Lake Stewards Of Maine:
- Consistent revenue growth, from $298,250 in 2014 to $666,473 in 2023.
- Significant asset growth, from $221,525 in 2014 to $907,887 in 2023, indicating strong financial health.
- 0% officer compensation reported across all filings, demonstrating high transparency and dedication to mission spending.
- Healthy surplus in recent years (e.g., $79,574 in 202312), contributing to asset accumulation.
- Low liabilities relative to assets, indicating sound financial management and low debt burden.
Frequently Asked Questions about Lake Stewards Of Maine
Is Lake Stewards Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Stewards Of Maine (EIN: 10502630) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Lake Stewards Of Maine spend its money?
Lake Stewards Of Maine directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake Stewards Of Maine tax-deductible?
Lake Stewards Of Maine is registered as a tax-exempt nonprofit (EIN: 10502630). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lake Stewards Of Maine's spending goes to programs?
Lake Stewards Of Maine directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lake Stewards Of Maine compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lake Stewards Of Maine is above average for NTEE category C320 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Stewards Of Maine located?
Lake Stewards Of Maine is headquartered in Auburn, Maine and files with the IRS under EIN 10502630. It is classified under NTEE code C320.
How many years of IRS 990 filings does Lake Stewards Of Maine have?
Lake Stewards Of Maine 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 $513K in total revenue.
Is Lake Stewards Of Maine a good charity?
Based on the financial data, Lake Stewards Of Maine appears to be a very good charity. They demonstrate strong financial health, efficient spending with a high percentage of funds going to programs, and excellent transparency regarding executive compensation (0%).
How has Lake Stewards Of Maine's financial health changed over time?
Lake Stewards Of Maine has shown significant financial growth and improved health over the past decade. Revenue has increased from $298,250 in 2014 to $666,473 in 2023, and assets have grown substantially from $221,525 to $907,887 in the same period, indicating strong financial management and sustainability.
What is Lake Stewards Of Maine's approach to executive compensation?
Lake Stewards Of Maine reports 0% officer compensation in all available IRS 990 filings, meaning no officers received salaries from the organization. This is a highly transparent and commendable practice, ensuring resources are maximized for their mission.
Filing History
IRS 990 filing history for Lake Stewards Of Maine showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Stewards Of Maine's revenue has grown by 108%, moving from $320K to $666K. Total assets increased by 205.6% over the same period, from $297K to $908K. Total functional expenses rose by 91.6%, from $306K to $587K. In its most recent filing year (2023), Lake Stewards Of Maine reported a surplus of $80K, with revenue exceeding expenses. The organization holds $40K in liabilities against $908K in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $868K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $666K | $587K | $908K | $40K | — | View 990 |
| 2022 | $752K | $655K | $829K | $41K | — | View 990 |
| 2021 | $581K | $506K | $738K | $46K | — | View 990 |
| 2020 | $542K | $488K | $668K | $52K | — | View 990 |
| 2019 | $677K | $492K | $619K | $56K | — | View 990 |
| 2018 | $482K | $481K | $438K | $61K | — | View 990 |
| 2017 | $481K | $383K | $442K | $67K | — | View 990 |
| 2016 | $401K | $352K | $350K | $71K | — | View 990 |
| 2015 | $437K | $351K | $314K | $85K | — | View 990 |
| 2014 | $298K | $346K | $222K | $78K | — | View 990 |
| 2013 | $324K | $332K | $267K | $76K | — | View 990 |
| 2012 | $322K | $335K | $282K | $84K | — | View 990 |
| 2011 | $320K | $306K | $297K | $94K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $666K, expenses of $587K, and assets of $908K (revenue -11.4% year-over-year).
- 2022: Revenue of $752K, expenses of $655K, and assets of $829K (revenue +29.4% year-over-year).
- 2021: Revenue of $581K, expenses of $506K, and assets of $738K (revenue +7.3% year-over-year).
- 2020: Revenue of $542K, expenses of $488K, and assets of $668K (revenue -20.0% year-over-year).
- 2019: Revenue of $677K, expenses of $492K, and assets of $619K (revenue +40.4% year-over-year).
- 2018: Revenue of $482K, expenses of $481K, and assets of $438K (revenue +0.3% year-over-year).
- 2017: Revenue of $481K, expenses of $383K, and assets of $442K (revenue +20.0% year-over-year).
- 2016: Revenue of $401K, expenses of $352K, and assets of $350K (revenue -8.4% year-over-year).
- 2015: Revenue of $437K, expenses of $351K, and assets of $314K (revenue +46.6% year-over-year).
- 2014: Revenue of $298K, expenses of $346K, and assets of $222K (revenue -7.9% year-over-year).
- 2013: Revenue of $324K, expenses of $332K, and assets of $267K (revenue +0.4% year-over-year).
- 2012: Revenue of $322K, expenses of $335K, and assets of $282K (revenue +0.6% year-over-year).
- 2011: Revenue of $320K, expenses of $306K, and assets of $297K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Stewards Of Maine:
Data Sources and Methodology
This transparency report for Lake Stewards Of Maine 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.