Maine Adult Education Association
Maine Adult Education Association maintains stable assets and zero officer compensation despite fluctuating revenues.
EIN: 10482994 · Alfred, ME · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $179K |
| Total Expenses | $155K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $202K |
| Transparency Score | 88/100 |
Is Maine Adult Education Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Adult Education Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Adult Education Association
Maine Adult Education Association (EIN: 10482994) is a nonprofit organization based in Alfred, ME, classified under NTEE code L22. The organization reported total revenue of $179K and total assets of $251K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Adult Education Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Adult Education Association is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $114K |
| Total Expenses | $155K |
| Surplus / Deficit | $-41,192 |
| Total Assets | $230K |
| Total Liabilities | $28K |
| Net Assets | $202K |
| Operating Margin | -36.1% |
| Debt-to-Asset Ratio | 12.1% |
| Months of Reserves | 17.8 months |
Financial Health Grade: B
In 2024, Maine Adult Education Association reported a deficit of $41K with expenses exceeding revenue, holds 17.8 months of operating reserves (strong position), has a debt-to-asset ratio of 12.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Maine Adult Education Association's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -48.8% | -0.6% | -19.6% |
| 2023 | +120.1% | +36.2% | +19.7% |
| 2022 | -28.8% | +0.2% | +8.4% |
| 2021 | +2.4% | -24.6% | +21.7% |
| 2020 | -16.2% | -4.0% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Maine Adult Education Association with a Mission Score of 88 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Maine Adult Education Association allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with revenues typically under $200,000.
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 Maine Adult Education Association's IRS 990 filings:
- Revenue decline in the most recent period (202406) to $114,071 from $222,691 in 202306.
- Expenses exceeded revenue in the most recent period (202406), with $155,263 in expenses against $114,071 in revenue.
Strengths
The following positive indicators were identified for Maine Adult Education Association:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Stable and growing asset base, reaching $230,178 in 202406.
- Consistent IRS 990 filing history (14 filings), demonstrating strong transparency.
- Healthy asset-to-liability ratio, indicating good financial management.
Frequently Asked Questions about Maine Adult Education Association
Is Maine Adult Education Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Adult Education Association (EIN: 10482994) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Maine Adult Education Association spend its money?
Maine Adult Education Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Adult Education Association tax-deductible?
Maine Adult Education Association is registered as a tax-exempt nonprofit (EIN: 10482994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Adult Education Association CEO make?
Maine Adult Education Association's highest-compensated officer earns $200,000. annually. The organization reported $179K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Maine Adult Education Association compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Maine Adult Education Association is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Adult Education Association located?
Maine Adult Education Association is headquartered in Alfred, Maine and files with the IRS under EIN 10482994. It is classified under NTEE code L22.
How many years of IRS 990 filings does Maine Adult Education Association have?
Maine Adult Education Association has 14 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 $179K in total revenue.
Is Maine Adult Education Association a good charity?
Based on the provided data, Maine Adult Education Association appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are not diverted to high executive salaries. Its assets have grown over time, and it maintains a stable financial position. The organization's consistent IRS 990 filings also demonstrate transparency.
How has the organization's revenue trended recently?
The organization's revenue has fluctuated, with a significant decrease from $222,691 in Period 202306 to $114,071 in Period 202406. This represents a notable dip that should be monitored.
What is the organization's financial stability?
The organization demonstrates good financial stability. Its assets have generally increased over the years, reaching $230,178 in 202406, and it maintains a healthy ratio of assets to liabilities ($230,178 assets vs. $27,860 liabilities in 202406).
Filing History
IRS 990 filing history for Maine Adult Education Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Maine Adult Education Association's revenue has declined by 49.9%, moving from $227K to $114K. Total assets increased by 36% over the same period, from $169K to $230K. Total functional expenses fell by 36.9%, from $246K to $155K. In its most recent filing year (2024), Maine Adult Education Association reported a deficit of $41K, with expenses exceeding revenue. The organization holds $28K in liabilities against $230K in assets (debt-to-asset ratio: 12.1%), resulting in net assets of $202K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $114K | $155K | $230K | $28K | — | — |
| 2023 | $223K | $156K | $286K | $42K | — | View 990 |
| 2022 | $101K | $115K | $239K | $64K | — | View 990 |
| 2021 | $142K | $115K | $221K | $28K | — | View 990 |
| 2020 | $139K | $152K | $181K | $25K | — | View 990 |
| 2019 | $165K | $158K | $195K | $26K | — | View 990 |
| 2018 | $138K | $134K | $178K | $19K | — | View 990 |
| 2017 | $137K | $134K | $193K | $37K | — | View 990 |
| 2016 | $187K | $177K | $201K | $48K | — | View 990 |
| 2015 | $262K | $218K | $203K | $61K | — | View 990 |
| 2014 | $242K | $221K | $177K | $54K | — | View 990 |
| 2013 | $234K | $237K | $129K | $38K | — | View 990 |
| 2012 | $251K | $292K | $167K | $81K | — | View 990 |
| 2011 | $227K | $246K | $169K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $114K, expenses of $155K, and assets of $230K (revenue -48.8% year-over-year).
- 2023: Revenue of $223K, expenses of $156K, and assets of $286K (revenue +120.1% year-over-year).
- 2022: Revenue of $101K, expenses of $115K, and assets of $239K (revenue -28.8% year-over-year).
- 2021: Revenue of $142K, expenses of $115K, and assets of $221K (revenue +2.4% year-over-year).
- 2020: Revenue of $139K, expenses of $152K, and assets of $181K (revenue -16.2% year-over-year).
- 2019: Revenue of $165K, expenses of $158K, and assets of $195K (revenue +19.6% year-over-year).
- 2018: Revenue of $138K, expenses of $134K, and assets of $178K (revenue +1.0% year-over-year).
- 2017: Revenue of $137K, expenses of $134K, and assets of $193K (revenue -26.9% year-over-year).
- 2016: Revenue of $187K, expenses of $177K, and assets of $201K (revenue -28.5% year-over-year).
- 2015: Revenue of $262K, expenses of $218K, and assets of $203K (revenue +8.2% year-over-year).
- 2014: Revenue of $242K, expenses of $221K, and assets of $177K (revenue +3.5% year-over-year).
- 2013: Revenue of $234K, expenses of $237K, and assets of $129K (revenue -6.8% year-over-year).
- 2012: Revenue of $251K, expenses of $292K, and assets of $167K (revenue +10.4% year-over-year).
- 2011: Revenue of $227K, expenses of $246K, and assets of $169K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Adult Education Association:
Data Sources and Methodology
This transparency report for Maine Adult 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.