Lobster Conservancy
Lobster Conservancy faces persistent operational deficits and declining assets.
EIN: 10507500 · Friendship, ME · NTEE: U50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $39K |
| Total Expenses | $46K |
| Program Spending | 80% |
| Net Assets | $203K |
| Transparency Score | 65/100 |
Search Intent Cockpit
Lobster Conservancy Form 990, Revenue, CEO Pay, and IRS Filing Signals
Lobster Conservancy is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lobster Conservancy in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $38K and expenses of $46K.
Revenue and Expenses
Lobster Conservancy reported $38K in revenue and $46K in expenses, a deficit of $8K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Lobster Conservancy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $37K (80%) |
Across stored filings, Lobster Conservancy shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Category U context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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All Category U
Local and Sector Spokes
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Friendship, ME nonprofitsCategory U in Maine
Public Benefit in Maine
Follow the Money
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State spending analysisState compensation analysis
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Donation Decision Flow
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Verify
Some Concerns. Check deductibility, filings, and red flags.
2Understand money
80% of spending goes to programs.
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Keep the Investigation Moving
Lobster Conservancy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lobster Conservancy
Lobster Conservancy (EIN: 10507500) is a nonprofit organization based in Friendship, ME, classified under NTEE code U50. The organization reported total revenue of $39K and total assets of $193K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lobster Conservancy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lobster Conservancy is a micro nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $46K |
| Surplus / Deficit | $-7,881 |
| Total Assets | $205K |
| Total Liabilities | $2K |
| Net Assets | $203K |
| Operating Margin | -20.5% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 53.1 months |
Financial Health Grade: B
In 2023, Lobster Conservancy reported a deficit of $8K with expenses exceeding revenue, holds 53.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lobster Conservancy's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.8% | -4.7% | -2.8% |
| 2022 | +26.4% | +7.5% | -1.6% |
| 2021 | +13.6% | -4.6% | -4.3% |
| 2020 | -13.0% | -2.7% | -6.7% |
| 2019 | -24.9% | -24.0% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
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 Lobster Conservancy with a Mission Score of 65 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, Lobster Conservancy 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization. This suggests a high dedication to the mission and efficient use of donor funds for operational expenses rather than 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 Lobster Conservancy's IRS 990 filings:
- Consistent operational deficits: Expenses have exceeded revenue in most recent years (e.g., $46,373 expenses vs. $38,492 revenue in 2023).
- Declining asset base: Total assets have decreased from $304,387 in 2016 to $205,197 in 2023, indicating reliance on reserves to cover deficits.
Strengths
The following positive indicators were identified for Lobster Conservancy:
- Volunteer-led leadership: Officer compensation has consistently been 0%, indicating a highly dedicated, unpaid leadership.
- Low liabilities: Liabilities are minimal (e.g., $1,990 in 2023), suggesting responsible debt management.
- Long operational history: The organization has a history of 13 filings, indicating sustained commitment to its mission.
Frequently Asked Questions about Lobster Conservancy
Is Lobster Conservancy a legitimate charity?
Lobster Conservancy (EIN: 10507500) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $39K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Lobster Conservancy spend its money?
Lobster Conservancy directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lobster Conservancy tax-deductible?
Lobster Conservancy is registered as a tax-exempt nonprofit (EIN: 10507500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lobster Conservancy's spending goes to programs?
Lobster Conservancy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lobster Conservancy compare to similar nonprofits?
With a transparency score of 65/100 (Good), Lobster Conservancy is above average for NTEE category U50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lobster Conservancy located?
Lobster Conservancy is headquartered in Friendship, Maine and files with the IRS under EIN 10507500. It is classified under NTEE code U50.
How many years of IRS 990 filings does Lobster Conservancy have?
Lobster Conservancy 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 $39K in total revenue.
Is The Lobster Conservancy financially sustainable in the long term?
The organization has experienced consistent operational deficits since at least 2017, with expenses exceeding revenue. This trend has led to a gradual decline in assets, from $304,387 in 2016 to $205,197 in 2023. While current assets could cover approximately 4.4 years of 2023 expenses, the sustained deficit spending raises concerns about long-term financial sustainability without a change in revenue or expense trends.
How does the organization fund its operations given the deficits?
The organization has been funding its operational deficits by drawing down its accumulated assets. This is evident from the consistent decline in total assets over the past several years, as expenses have regularly exceeded incoming revenue.
What is the trend in The Lobster Conservancy's revenue?
Revenue has fluctuated but generally remained low, with the highest reported revenue in the last decade being $105,580 in 2016. More recently, revenue has been in the range of $35,000-$45,000 annually, such as $38,492 in 2023 and $45,163 in 2022, which is insufficient to cover expenses.
Filing History
IRS 990 filing history for Lobster Conservancy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lobster Conservancy's revenue has declined by 19%, moving from $48K to $38K. Total assets decreased by 55.8% over the same period, from $465K to $205K. Total functional expenses fell by 38.3%, from $75K to $46K. In its most recent filing year (2023), Lobster Conservancy reported a deficit of $8K, with expenses exceeding revenue. The organization holds $2K in liabilities against $205K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $46K | $205K | $2K | — | — |
| 2022 | $45K | $49K | $211K | $0 | — | View 990 |
| 2021 | $36K | $45K | $215K | $0 | — | — |
| 2020 | $31K | $47K | $224K | $0 | — | — |
| 2019 | $36K | $49K | $240K | $18 | — | View 990 |
| 2018 | $48K | $64K | $253K | $0 | — | View 990 |
| 2017 | $24K | $60K | $269K | $0 | — | View 990 |
| 2016 | $106K | $62K | $304K | $0 | — | View 990 |
| 2015 | $35K | $60K | $268K | $7K | — | View 990 |
| 2014 | $32K | $59K | $293K | $7K | — | View 990 |
| 2013 | $8K | $67K | $320K | $7K | — | View 990 |
| 2012 | $31K | $67K | $457K | $84K | — | View 990 |
| 2011 | $48K | $75K | $465K | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $46K, and assets of $205K (revenue -14.8% year-over-year).
- 2022: Revenue of $45K, expenses of $49K, and assets of $211K (revenue +26.4% year-over-year).
- 2021: Revenue of $36K, expenses of $45K, and assets of $215K (revenue +13.6% year-over-year).
- 2020: Revenue of $31K, expenses of $47K, and assets of $224K (revenue -13.0% year-over-year).
- 2019: Revenue of $36K, expenses of $49K, and assets of $240K (revenue -24.9% year-over-year).
- 2018: Revenue of $48K, expenses of $64K, and assets of $253K (revenue +98.4% year-over-year).
- 2017: Revenue of $24K, expenses of $60K, and assets of $269K (revenue -77.0% year-over-year).
- 2016: Revenue of $106K, expenses of $62K, and assets of $304K (revenue +200.5% year-over-year).
- 2015: Revenue of $35K, expenses of $60K, and assets of $268K (revenue +9.9% year-over-year).
- 2014: Revenue of $32K, expenses of $59K, and assets of $293K (revenue +287.9% year-over-year).
- 2013: Revenue of $8K, expenses of $67K, and assets of $320K (revenue -73.8% year-over-year).
- 2012: Revenue of $31K, expenses of $67K, and assets of $457K (revenue -33.8% year-over-year).
- 2011: Revenue of $48K, expenses of $75K, and assets of $465K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lobster Conservancy:
Data Sources and Methodology
This transparency report for Lobster Conservancy 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.