Magnuson Technical Heritage Foundation
Magnuson Technical Heritage Foundation reports zero revenue and assets, indicating dormancy.
EIN: 10522137 · Lyman, ME · Updated: 2026-03-28
Is Magnuson Technical Heritage Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Magnuson Technical Heritage Foundation
Magnuson Technical Heritage Foundation (EIN: 10522137) is a nonprofit organization based in Lyman, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magnuson Technical Heritage Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magnuson Technical Heritage Foundation is a micro nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -79.1%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $2K |
| Surplus / Deficit | $-1,650 |
| Total Assets | $30K |
| Total Liabilities | $1 |
| Net Assets | $30K |
| Operating Margin | -165000.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 217.4 months |
Financial Health Grade: B
In 2014, Magnuson Technical Heritage Foundation reported a deficit of $2K with expenses exceeding revenue, holds 217.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2011–2014), Magnuson Technical Heritage Foundation's revenue has declined at a compound annual growth rate (CAGR) of -79.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -98.0% | +249.0% | -4.7% |
| 2013 | -27.1% | -0.4% | -1.3% |
| 2012 | -36.4% | -22.1% | -1.3% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Magnuson Technical Heritage Foundation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Magnuson Technical Heritage Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses across all available filings, which is appropriate given the organization's minimal financial activity and likely volunteer-based operation.
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 Magnuson Technical Heritage Foundation's IRS 990 filings:
- Zero revenue and assets in latest filing
- Consistent minimal financial activity over multiple years
- Potential dormancy or dissolution
Strengths
The following positive indicators were identified for Magnuson Technical Heritage Foundation:
- Consistent IRS 990 filing history despite minimal activity
- No reported officer compensation
Frequently Asked Questions about Magnuson Technical Heritage Foundation
Is Magnuson Technical Heritage Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Magnuson Technical Heritage Foundation (EIN: 10522137) significant concerns. Mission Score: 10/100. 3 red flags identified, 2 strengths noted.
How does Magnuson Technical Heritage Foundation spend its money?
Detailed spending breakdown data is not yet available for Magnuson Technical Heritage Foundation. Check back for updated IRS 990 analysis.
Are donations to Magnuson Technical Heritage Foundation tax-deductible?
Magnuson Technical Heritage Foundation is registered as a tax-exempt nonprofit (EIN: 10522137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Magnuson Technical Heritage Foundation still active?
Based on the latest filing showing $0 revenue and $0 assets, it is highly probable the organization is no longer active or is in the process of dissolution.
What were the primary expenses when the organization was active?
In periods where expenses were reported (e.g., $1,651 in 2014), they were minimal and likely administrative, as no program or fundraising expenses were separately detailed or significant.
Filing History
IRS 990 filing history for Magnuson Technical Heritage Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Magnuson Technical Heritage Foundation's revenue has declined by 99.1%, moving from $110 to $1. Total assets decreased by 7.1% over the same period, from $32K to $30K. Total functional expenses rose by 170.7%, from $610 to $2K. In its most recent filing year (2014), Magnuson Technical Heritage Foundation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $30K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $1 | $2K | $30K | $1 | — | View 990 |
| 2013 | $51 | $473 | $31K | $1 | — | View 990 |
| 2012 | $70 | $475 | $32K | $1 | — | View 990 |
| 2011 | $110 | $610 | $32K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $1, expenses of $2K, and assets of $30K (revenue -98.0% year-over-year).
- 2013: Revenue of $51, expenses of $473, and assets of $31K (revenue -27.1% year-over-year).
- 2012: Revenue of $70, expenses of $475, and assets of $32K (revenue -36.4% year-over-year).
- 2011: Revenue of $110, expenses of $610, and assets of $32K.
Data Sources and Methodology
This transparency report for Magnuson Technical Heritage Foundation 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.