Maine Better Transportation Educational Foundation
Maine Better Transportation Educational Foundation consistently accumulates assets with low expenses and no officer compensation.
EIN: 10513594 · Augusta, ME · NTEE: T99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $285K |
| Total Expenses | $51K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $913K |
| Transparency Score | 95/100 |
Is Maine Better Transportation Educational Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Better Transportation Educational Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Better Transportation Educational Foundation
Maine Better Transportation Educational Foundation (EIN: 10513594) is a nonprofit organization based in Augusta, ME, classified under NTEE code T99. The organization reported total revenue of $285K and total assets of $986K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Better Transportation Educational Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Better Transportation Educational Foundation is a small nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $51K |
| Surplus / Deficit | +$7K |
| Total Assets | $913K |
| Net Assets | $913K |
| Operating Margin | 12.0% |
| Months of Reserves | 214.2 months |
Financial Health Grade: A
In 2023, Maine Better Transportation Educational Foundation reported a surplus of $7K with revenue exceeding expenses, holds 214.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Maine Better Transportation Educational Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.6% | +7.7% | +14.2% |
| 2022 | -35.0% | -6.6% | -6.6% |
| 2021 | +61.8% | -3.8% | +20.3% |
| 2020 | -20.0% | +6.3% | +10.3% |
| 2019 | +82.1% | +22.8% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2000 |
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 Better Transportation Educational Foundation with a Mission Score of 95 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 Better Transportation Educational Foundation 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 surplus of $7K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is highly unusual for an organization of its size with nearly $1 million in assets and suggests a volunteer-driven leadership model.
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 Better Transportation Educational Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes precise program vs. admin allocation difficult without full 990 forms.
Strengths
The following positive indicators were identified for Maine Better Transportation Educational Foundation:
- Exceptional financial efficiency with expenses consistently well below revenue.
- Strong and consistent asset growth, reaching $912,761 in 2023.
- Zero officer compensation, indicating a volunteer-driven leadership and high dedication to mission.
- No reported liabilities in recent years, demonstrating strong financial health.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Maine Better Transportation Educational Foundation
Is Maine Better Transportation Educational Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Better Transportation Educational Foundation (EIN: 10513594) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Maine Better Transportation Educational Foundation spend its money?
Maine Better Transportation Educational Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Better Transportation Educational Foundation tax-deductible?
Maine Better Transportation Educational Foundation is registered as a tax-exempt nonprofit (EIN: 10513594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Better Transportation Educational Foundation CEO make?
Maine Better Transportation Educational Foundation's highest-compensated officer earns $1 annually. The organization reported $285K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Maine Better Transportation Educational Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Maine Better Transportation Educational Foundation is above average for NTEE category T99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Better Transportation Educational Foundation located?
Maine Better Transportation Educational Foundation is headquartered in Augusta, Maine and files with the IRS under EIN 10513594. It is classified under NTEE code T99.
How many years of IRS 990 filings does Maine Better Transportation Educational Foundation have?
Maine Better Transportation Educational Foundation 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 $285K in total revenue.
Is Maine Better Transportation Educational Foundation a good charity?
Based on its financial data, the Maine Better Transportation Educational Foundation appears to be a very good charity. It demonstrates exceptional financial efficiency, consistently low expenses relative to revenue, and a strong commitment to its mission by not paying officer compensation.
How does the organization manage its expenses?
The organization manages its expenses very effectively, consistently spending significantly less than its revenue. For example, in 2023, expenses were $51,133 against $58,103 in revenue, and in 2022, expenses were $47,473 against $115,223 in revenue. This conservative spending allows for substantial asset growth.
What is the trend in the organization's assets?
The organization's assets show a strong and consistent upward trend, growing from $495,889 in 2015 to $912,761 in 2023. This indicates excellent financial stewardship and a growing capacity to support its mission.
Does the organization have any debt?
The organization has reported $0 in liabilities for the periods 2023, 2022, 2021, 2018, and 2017, indicating a very healthy financial position with no outstanding debt in recent years.
Filing History
IRS 990 filing history for Maine Better Transportation Educational Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Maine Better Transportation Educational Foundation's revenue has grown by 126.5%, moving from $26K to $58K. Total assets increased by 162.4% over the same period, from $348K to $913K. Total functional expenses rose by 147.9%, from $21K to $51K. In its most recent filing year (2023), Maine Better Transportation Educational Foundation reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $51K | $913K | $0 | — | — |
| 2022 | $115K | $47K | $800K | $0 | — | View 990 |
| 2021 | $177K | $51K | $856K | $0 | — | View 990 |
| 2020 | $110K | $53K | $711K | $5K | — | View 990 |
| 2019 | $137K | $50K | $645K | $5K | — | View 990 |
| 2018 | $75K | $40K | $571K | $2K | — | View 990 |
| 2017 | $68K | $32K | $602K | $2K | — | View 990 |
| 2016 | $41K | $31K | $525K | $2K | — | View 990 |
| 2015 | $48K | $21K | $496K | $7K | — | View 990 |
| 2014 | $54K | $21K | $532K | $34K | — | View 990 |
| 2013 | $33K | $19K | $480K | $12K | — | View 990 |
| 2012 | $42K | $19K | $404K | $6K | — | View 990 |
| 2011 | $31K | $16K | $358K | $15K | — | View 990 |
| 2010 | $26K | $21K | $348K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $51K, and assets of $913K (revenue -49.6% year-over-year).
- 2022: Revenue of $115K, expenses of $47K, and assets of $800K (revenue -35.0% year-over-year).
- 2021: Revenue of $177K, expenses of $51K, and assets of $856K (revenue +61.8% year-over-year).
- 2020: Revenue of $110K, expenses of $53K, and assets of $711K (revenue -20.0% year-over-year).
- 2019: Revenue of $137K, expenses of $50K, and assets of $645K (revenue +82.1% year-over-year).
- 2018: Revenue of $75K, expenses of $40K, and assets of $571K (revenue +10.9% year-over-year).
- 2017: Revenue of $68K, expenses of $32K, and assets of $602K (revenue +63.6% year-over-year).
- 2016: Revenue of $41K, expenses of $31K, and assets of $525K (revenue -13.0% year-over-year).
- 2015: Revenue of $48K, expenses of $21K, and assets of $496K (revenue -11.2% year-over-year).
- 2014: Revenue of $54K, expenses of $21K, and assets of $532K (revenue +62.4% year-over-year).
- 2013: Revenue of $33K, expenses of $19K, and assets of $480K (revenue -20.4% year-over-year).
- 2012: Revenue of $42K, expenses of $19K, and assets of $404K (revenue +34.6% year-over-year).
- 2011: Revenue of $31K, expenses of $16K, and assets of $358K (revenue +20.3% year-over-year).
- 2010: Revenue of $26K, expenses of $21K, and assets of $348K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Better Transportation Educational Foundation:
Data Sources and Methodology
This transparency report for Maine Better Transportation Educational 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.