Maine Center For Enterprise Development
Maine Center For Enterprise Development shows consistent revenue growth and zero reported officer compensation.
EIN: 10510641 · Portland, ME · NTEE: Z99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $81K |
| Transparency Score | 90/100 |
Is Maine Center For Enterprise Development Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Center For Enterprise Development directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Center For Enterprise Development
Maine Center For Enterprise Development (EIN: 10510641) is a nonprofit organization based in Portland, ME, classified under NTEE code Z99. The organization reported total revenue of $1.4M and total assets of $319K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Center For Enterprise Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Center For Enterprise Development is a mid-size 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 17.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$28K |
| Total Assets | $360K |
| Total Liabilities | $280K |
| Net Assets | $81K |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 77.6% |
| Months of Reserves | 3.3 months |
Financial Health Grade: A
In 2023, Maine Center For Enterprise Development reported a surplus of $28K with revenue exceeding expenses, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 77.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Center For Enterprise Development's revenue has grown at a compound annual growth rate (CAGR) of 17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.4% | +29.7% | +13.1% |
| 2022 | -8.6% | +7.1% | -16.3% |
| 2021 | +20.9% | +16.5% | +29.8% |
| 2020 | +21.9% | +12.2% | +27.0% |
| 2019 | +29.1% | +30.8% | +24.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Maine Center For Enterprise Development with a Mission Score of 90 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Maine Center For Enterprise Development allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 77.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with over $1 million in annual revenue and suggests either a volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990.
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 Center For Enterprise Development's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Maine Center For Enterprise Development:
- Consistent revenue growth, increasing from $267,365 in 2017 to $1,351,382 in 2023.
- Positive net income in recent years, such as $27,767 in 2023 and $100,230 in 2021, indicating financial stability.
- Zero reported officer compensation across all filings, suggesting a strong commitment to directing funds towards the mission.
- Growing asset base, reaching $360,484 in 2023, enhancing long-term financial security.
Frequently Asked Questions about Maine Center For Enterprise Development
Is Maine Center For Enterprise Development a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Center For Enterprise Development (EIN: 10510641) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Maine Center For Enterprise Development spend its money?
Maine Center For Enterprise Development directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Center For Enterprise Development tax-deductible?
Maine Center For Enterprise Development is registered as a tax-exempt nonprofit (EIN: 10510641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Center For Enterprise Development CEO make?
Maine Center For Enterprise Development's highest-compensated officer earns $1 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Center For Enterprise Development's spending goes to programs?
Maine Center For Enterprise Development directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Center For Enterprise Development compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Maine Center For Enterprise Development is above average for NTEE category Z99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Center For Enterprise Development located?
Maine Center For Enterprise Development is headquartered in Portland, Maine and files with the IRS under EIN 10510641. It is classified under NTEE code Z99.
How many years of IRS 990 filings does Maine Center For Enterprise Development have?
Maine Center For Enterprise Development 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 $1.4M in total revenue.
Is Maine Center For Enterprise Development a good charity?
Based on the available financial data, Maine Center For Enterprise Development appears to be a financially healthy and transparent organization. Its consistent revenue growth, positive net income in recent years, and zero reported officer compensation are strong indicators of good financial stewardship and a focus on its mission.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, increasing from $267,365 in 2017 to $1,351,382 in 2023, demonstrating a strong upward trend in financial support.
What is the organization's asset position?
Maine Center For Enterprise Development's assets have generally grown, reaching $360,484 in 2023, indicating a healthy accumulation of resources to support its operations.
Filing History
IRS 990 filing history for Maine Center For Enterprise Development showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Center For Enterprise Development's revenue has grown by 606.8%, moving from $191K to $1.4M. Total assets increased by 670.3% over the same period, from $47K to $360K. Total functional expenses rose by 286.4%, from $343K to $1.3M. In its most recent filing year (2023), Maine Center For Enterprise Development reported a surplus of $28K, with revenue exceeding expenses. The organization holds $280K in liabilities against $360K in assets (debt-to-asset ratio: 77.6%), resulting in net assets of $81K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.3M | $360K | $280K | — | — |
| 2022 | $962K | $1.0M | $319K | $266K | — | View 990 |
| 2021 | $1.1M | $953K | $381K | $270K | — | View 990 |
| 2020 | $871K | $818K | $293K | $283K | — | View 990 |
| 2019 | $715K | $729K | $231K | $274K | — | View 990 |
| 2018 | $554K | $557K | $185K | $214K | — | View 990 |
| 2017 | $267K | $427K | $328K | $353K | — | View 990 |
| 2016 | $566K | $572K | $223K | $89K | — | View 990 |
| 2015 | $500K | $558K | $354K | $213K | — | View 990 |
| 2014 | $671K | $588K | $344K | $146K | — | View 990 |
| 2013 | $584K | $494K | $275K | $159K | — | View 990 |
| 2012 | $421K | $429K | $121K | $95K | — | View 990 |
| 2011 | $191K | $343K | $47K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.3M, and assets of $360K (revenue +40.4% year-over-year).
- 2022: Revenue of $962K, expenses of $1.0M, and assets of $319K (revenue -8.6% year-over-year).
- 2021: Revenue of $1.1M, expenses of $953K, and assets of $381K (revenue +20.9% year-over-year).
- 2020: Revenue of $871K, expenses of $818K, and assets of $293K (revenue +21.9% year-over-year).
- 2019: Revenue of $715K, expenses of $729K, and assets of $231K (revenue +29.1% year-over-year).
- 2018: Revenue of $554K, expenses of $557K, and assets of $185K (revenue +107.2% year-over-year).
- 2017: Revenue of $267K, expenses of $427K, and assets of $328K (revenue -52.8% year-over-year).
- 2016: Revenue of $566K, expenses of $572K, and assets of $223K (revenue +13.3% year-over-year).
- 2015: Revenue of $500K, expenses of $558K, and assets of $354K (revenue -25.5% year-over-year).
- 2014: Revenue of $671K, expenses of $588K, and assets of $344K (revenue +14.9% year-over-year).
- 2013: Revenue of $584K, expenses of $494K, and assets of $275K (revenue +38.7% year-over-year).
- 2012: Revenue of $421K, expenses of $429K, and assets of $121K (revenue +120.2% year-over-year).
- 2011: Revenue of $191K, expenses of $343K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Center For Enterprise Development:
Data Sources and Methodology
This transparency report for Maine Center For Enterprise Development 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.