Lincoln Academy

Lincoln Academy reports consistent operational deficits in recent years despite substantial assets and no reported officer compensation.

EIN: 10219126 · Newcastle, ME · NTEE: B250 · Updated: 2026-03-28

$13.2MRevenue

$24.2MAssets

75/100Mission Score (Good)

B250

About Lincoln Academy

Lincoln Academy (EIN: 10219126) is a nonprofit organization based in Newcastle, ME, classified under NTEE code B250. The organization reported total revenue of $13.2M and total assets of $24.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lincoln Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Lincoln Academy demonstrates a generally stable financial position, though recent years show expenses exceeding revenue. For instance, in fiscal year 2023, the organization reported revenues of $10,810,192 against expenses of $12,284,906, indicating a deficit. This trend is also visible in 2022 and 2019, suggesting a need for closer monitoring of operational costs or revenue diversification. However, the organization maintains substantial assets, reported at $25,783,868 in 2023, which provides a buffer against short-term deficits.

The organization's transparency is commendable, particularly with its consistent reporting of 0% officer compensation across all available filings. This indicates that no compensation is reported for key officers, which is unusual for an organization of this size and could imply that executive compensation is either very low, covered by other entities, or not reported in a standard way. Further investigation into the nature of executive roles and compensation structures would be beneficial to fully assess this aspect. The consistent filing history over 13 periods also points to a commitment to regulatory compliance.

While the financial health shows some fluctuations, the overall asset base and consistent operations suggest a resilient organization. The primary area for improvement would be to address the recurring operational deficits to ensure long-term sustainability without relying heavily on asset drawdowns. The lack of reported officer compensation, while seemingly positive, warrants further clarification for complete transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lincoln Academy with a Mission Score of 75 out of 100 (Good). 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: 80%
fundraising: 5%

According to IRS 990 filings, Lincoln Academy allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Lincoln Academy consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization with annual revenues exceeding $10 million and assets over $20 million. This suggests that executive compensation may be structured in a way that is not reported as 'officer compensation' on the 990, or that key leadership roles are filled by uncompensated individuals, warranting further inquiry for full transparency.

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 Lincoln Academy's IRS 990 filings:

Recurring operational deficits (e.g., $1.47M deficit in 2023, $1.68M in 2022) indicate expenses consistently exceeding revenue.
Consistent reporting of 0% officer compensation for an organization of this size is highly unusual and warrants further scrutiny regarding executive compensation practices.
Fluctuating revenue streams, with a significant drop from $16.58M in 2021 to $10.81M in 2023, suggest potential instability in funding sources.

Strengths

The following positive indicators were identified for Lincoln Academy:

Long and consistent filing history (13 filings) demonstrates commitment to regulatory compliance and transparency.
Substantial asset base ($25.78M in 2023) provides financial stability and a buffer against operational deficits.
Strong NTEE code (B250 - Secondary & High Schools) indicates a clear program focus on education.

Frequently Asked Questions about Lincoln Academy

Why does Lincoln Academy consistently report 0% officer compensation despite its size?

The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with revenues exceeding $10 million. This could indicate that executive leadership is uncompensated, compensated through a related entity, or that compensation is reported under different categories on the 990, requiring further investigation into their financial statements for clarity.

What is the cause of the recurring operational deficits in recent years?

In fiscal year 2023, expenses ($12,284,906) exceeded revenue ($10,810,192), and similar deficits occurred in 2022 and 2019. This trend suggests that the organization's operational costs are consistently outpacing its income, which could be due to increased program spending, rising administrative costs, or insufficient revenue generation.

How does Lincoln Academy manage its significant asset base?

Lincoln Academy maintains a substantial asset base, reported at $25,783,868 in 2023. While this provides financial stability, the recurring operational deficits suggest that the organization might be drawing on these assets or relying on investment income to cover shortfalls, rather than achieving operational self-sufficiency.

Filing History

IRS 990 filing history for Lincoln Academy showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Lincoln Academy's revenue has grown by 52.2%, moving from $7.1M to $10.8M. Total assets increased by 70.4% over the same period, from $15.1M to $25.8M. Total functional expenses rose by 76.2%, from $7.0M to $12.3M. In its most recent filing year (2023), Lincoln Academy reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $10.0M in liabilities against $25.8M in assets (debt-to-asset ratio: 38.8%), resulting in net assets of $15.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$10.8M	$12.3M	$25.8M	$10.0M	—	View 990
2022	$10.2M	$11.8M	$26.9M	$10.4M	—	View 990
2021	$16.6M	$10.7M	$30.2M	$10.5M	—	View 990
2020	$10.0M	$11.3M	$24.4M	$12.1M	—	View 990
2019	$12.4M	$12.7M	$25.4M	$11.1M	—	View 990
2018	$12.1M	$13.3M	$26.3M	$11.6M	—	View 990
2017	$11.4M	$12.1M	$26.6M	$11.2M	—	View 990
2016	$10.9M	$11.7M	$26.7M	$11.6M	—	View 990
2015	$11.4M	$8.9M	$27.8M	$11.7M	—	View 990
2014	$8.0M	$8.2M	$18.8M	$5.2M	—	View 990
2013	$7.1M	$7.2M	$16.3M	$3.1M	—	View 990
2012	$6.8M	$6.7M	$14.8M	$2.1M	—	View 990
2011	$7.1M	$7.0M	$15.1M	$2.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $10.8M, expenses of $12.3M, and assets of $25.8M (revenue +6.5% year-over-year).
2022: Revenue of $10.2M, expenses of $11.8M, and assets of $26.9M (revenue -38.7% year-over-year).
2021: Revenue of $16.6M, expenses of $10.7M, and assets of $30.2M (revenue +65.1% year-over-year).
2020: Revenue of $10.0M, expenses of $11.3M, and assets of $24.4M (revenue -19.2% year-over-year).
2019: Revenue of $12.4M, expenses of $12.7M, and assets of $25.4M (revenue +2.5% year-over-year).
2018: Revenue of $12.1M, expenses of $13.3M, and assets of $26.3M (revenue +6.0% year-over-year).
2017: Revenue of $11.4M, expenses of $12.1M, and assets of $26.6M (revenue +5.1% year-over-year).
2016: Revenue of $10.9M, expenses of $11.7M, and assets of $26.7M (revenue -4.9% year-over-year).
2015: Revenue of $11.4M, expenses of $8.9M, and assets of $27.8M (revenue +43.2% year-over-year).
2014: Revenue of $8.0M, expenses of $8.2M, and assets of $18.8M (revenue +12.5% year-over-year).
2013: Revenue of $7.1M, expenses of $7.2M, and assets of $16.3M (revenue +5.1% year-over-year).
2012: Revenue of $6.8M, expenses of $6.7M, and assets of $14.8M (revenue -4.9% year-over-year).
2011: Revenue of $7.1M, expenses of $7.0M, and assets of $15.1M.

Data Sources and Methodology

This transparency report for Lincoln Academy 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.