Maine Association Of Agricultural Fairs
Maine Association Of Agricultural Fairs consistently operates without executive compensation and maintains a debt-free balance sheet despite fluctuating revenues.
EIN: 10363014 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $220K |
| Total Expenses | $95K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $219,743. |
| Net Assets | $37K |
| Transparency Score | 85/100 |
Is Maine Association Of Agricultural Fairs Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Association Of Agricultural Fairs directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Association Of Agricultural Fairs
Maine Association Of Agricultural Fairs (EIN: 10363014) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $220K and total assets of $141K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Association Of Agricultural Fairs's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Association Of Agricultural Fairs is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $95K |
| Surplus / Deficit | $-1,743 |
| Total Assets | $37K |
| Net Assets | $37K |
| Operating Margin | -1.9% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, Maine Association Of Agricultural Fairs reported a deficit of $2K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Maine Association Of Agricultural Fairs's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.1% | +2.7% | +3731600.0% |
| 2022 | +1559.5% | +166.5% | -99.8% |
| 2021 | -91.2% | -52.3% | -98.4% |
| 2020 | -10.7% | -21.6% | -61.0% |
| 2019 | +13.0% | +14.4% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Association Of Agricultural Fairs with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Maine Association Of Agricultural Fairs allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization operates with unpaid leadership or through volunteer efforts, which is highly efficient for a nonprofit of its size with latest revenue of $219,743.
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 Association Of Agricultural Fairs's IRS 990 filings:
- Significant revenue volatility, particularly the sharp drop in 2021 to $6,158, which could impact program stability.
- Fluctuating asset base, with a notable drop to $1 in 2022, which could indicate inconsistent financial reserves.
Strengths
The following positive indicators were identified for Maine Association Of Agricultural Fairs:
- Consistent 0% officer compensation, indicating highly efficient use of funds for mission-related activities.
- Zero reported liabilities across all filings, demonstrating strong financial health and debt-free operations.
- Strong program focus due to minimal administrative overhead from executive salaries.
- Comprehensive filing history (13 filings) provides excellent transparency into financial trends.
Frequently Asked Questions about Maine Association Of Agricultural Fairs
Is Maine Association Of Agricultural Fairs a legitimate charity?
Maine Association Of Agricultural Fairs (EIN: 10363014) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $220K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Maine Association Of Agricultural Fairs spend its money?
Maine Association Of Agricultural Fairs directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Maine Association Of Agricultural Fairs tax-deductible?
Maine Association Of Agricultural Fairs is registered as a tax-exempt nonprofit (EIN: 10363014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Association Of Agricultural Fairs CEO make?
Maine Association Of Agricultural Fairs's highest-compensated officer earns $219,743. annually. The organization reported $220K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Maine Association Of Agricultural Fairs located?
Maine Association Of Agricultural Fairs is headquartered in Augusta, Maine and files with the IRS under EIN 10363014.
How many years of IRS 990 filings does Maine Association Of Agricultural Fairs have?
Maine Association Of Agricultural Fairs 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 $220K in total revenue.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization relies heavily on volunteer leadership or that executive functions are performed by individuals who are not compensated through the organization's funds, contributing to high operational efficiency.
What caused the significant revenue drop in 2021 to $6,158?
The drastic decrease in revenue in 2021 to $6,158, compared to $69,884 in 2020 and $102,194 in 2022, indicates a potential external factor or operational change during that specific period, which would warrant further investigation into the specific activities or events of that year.
What are the primary sources of revenue for the organization?
While the filings provide overall revenue figures, they do not detail the specific sources. Given the organization's name, it is likely to be membership fees, event proceeds, or grants related to agricultural fairs, but further detail would require examining the full 990 forms.
How does the organization manage its assets given the fluctuations?
The organization's assets have fluctuated, from a high of $83,064 in 2014 to a low of $1 in 2022, and then recovering to $37,317 in 2023. This suggests that assets may be tied to operational needs or specific projects, rather than long-term endowments, and are managed to support annual activities.
Filing History
IRS 990 filing history for Maine Association Of Agricultural Fairs showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Association Of Agricultural Fairs's revenue has grown by 74%, moving from $53K to $93K. Total assets decreased by 37.7% over the same period, from $60K to $37K. Total functional expenses rose by 90.8%, from $50K to $95K. In its most recent filing year (2023), Maine Association Of Agricultural Fairs reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93K | $95K | $37K | $0 | — | — |
| 2022 | $102K | $92K | $1 | $0 | — | View 990 |
| 2021 | $6K | $35K | $427 | $0 | — | View 990 |
| 2020 | $70K | $73K | $26K | $0 | — | View 990 |
| 2019 | $78K | $92K | $67K | $0 | — | View 990 |
| 2018 | $69K | $81K | $63K | $0 | — | View 990 |
| 2017 | $77K | $75K | $74K | $0 | — | View 990 |
| 2016 | $103K | $105K | $73K | $0 | — | View 990 |
| 2015 | $54K | $55K | $74K | $0 | — | View 990 |
| 2014 | $65K | $56K | $83K | $0 | — | View 990 |
| 2013 | $63K | $57K | $74K | $0 | — | View 990 |
| 2012 | $56K | $47K | $69K | $0 | — | — |
| 2011 | $53K | $50K | $60K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $93K, expenses of $95K, and assets of $37K (revenue -9.1% year-over-year).
- 2022: Revenue of $102K, expenses of $92K, and assets of $1 (revenue +1559.5% year-over-year).
- 2021: Revenue of $6K, expenses of $35K, and assets of $427 (revenue -91.2% year-over-year).
- 2020: Revenue of $70K, expenses of $73K, and assets of $26K (revenue -10.7% year-over-year).
- 2019: Revenue of $78K, expenses of $92K, and assets of $67K (revenue +13.0% year-over-year).
- 2018: Revenue of $69K, expenses of $81K, and assets of $63K (revenue -10.0% year-over-year).
- 2017: Revenue of $77K, expenses of $75K, and assets of $74K (revenue -25.5% year-over-year).
- 2016: Revenue of $103K, expenses of $105K, and assets of $73K (revenue +90.8% year-over-year).
- 2015: Revenue of $54K, expenses of $55K, and assets of $74K (revenue -16.1% year-over-year).
- 2014: Revenue of $65K, expenses of $56K, and assets of $83K (revenue +3.1% year-over-year).
- 2013: Revenue of $63K, expenses of $57K, and assets of $74K (revenue +11.7% year-over-year).
- 2012: Revenue of $56K, expenses of $47K, and assets of $69K (revenue +5.0% year-over-year).
- 2011: Revenue of $53K, expenses of $50K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Association Of Agricultural Fairs:
Data Sources and Methodology
This transparency report for Maine Association Of Agricultural Fairs 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.