Maine Dairy Promotion Board
Maine Dairy Promotion Board maintains stable finances with no reported officer compensation.
EIN: 10507505 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $567K |
| Total Expenses | $538K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $158K |
| Transparency Score | 85/100 |
Is Maine Dairy Promotion Board Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Dairy Promotion Board directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Dairy Promotion Board
Maine Dairy Promotion Board (EIN: 10507505) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $567K and total assets of $327K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Dairy Promotion Board's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Dairy Promotion Board is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $567K |
| Total Expenses | $538K |
| Surplus / Deficit | +$29K |
| Total Assets | $373K |
| Total Liabilities | $215K |
| Net Assets | $158K |
| Operating Margin | 5.2% |
| Debt-to-Asset Ratio | 57.7% |
| Months of Reserves | 8.3 months |
Financial Health Grade: A
In 2023, Maine Dairy Promotion Board reported a surplus of $29K with revenue exceeding expenses, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 57.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Dairy Promotion Board's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | -2.2% | +8.6% |
| 2022 | -0.3% | +0.9% | +14.9% |
| 2021 | -3.0% | -8.9% | +15.8% |
| 2020 | -4.3% | +1.6% | -10.0% |
| 2019 | +0.6% | +2.4% | +21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Dairy Promotion Board 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Maine Dairy Promotion Board 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 $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer or compensated in a manner not classified as officer compensation on the 990, which is highly unusual for an organization with over $500,000 in annual revenue.
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 Dairy Promotion Board's IRS 990 filings:
- Significant increase in liabilities from $55,521 in 2022 to $215,033 in 2023 without clear explanation.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Maine Dairy Promotion Board:
- Consistent reporting of 0% officer compensation, indicating very low executive overhead.
- Stable revenue streams, consistently around $550,000-$600,000 annually.
- Steady growth in assets from $139,329 in 2015 to $372,588 in 2023, indicating financial health.
- Consistent filing history over 13 periods, demonstrating good transparency practices.
- Modest surplus in the latest filing (202312) with revenues of $566,801 against expenses of $537,599.
Frequently Asked Questions about Maine Dairy Promotion Board
Is Maine Dairy Promotion Board a legitimate charity?
Maine Dairy Promotion Board (EIN: 10507505) 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: $567K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Maine Dairy Promotion Board spend its money?
Maine Dairy Promotion Board directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Dairy Promotion Board tax-deductible?
Maine Dairy Promotion Board is registered as a tax-exempt nonprofit (EIN: 10507505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Dairy Promotion Board CEO make?
Maine Dairy Promotion Board's highest-compensated officer earns $500,000 annually. The organization reported $567K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Dairy Promotion Board's spending goes to programs?
Maine Dairy Promotion Board directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Dairy Promotion Board located?
Maine Dairy Promotion Board is headquartered in Augusta, Maine and files with the IRS under EIN 10507505.
How many years of IRS 990 filings does Maine Dairy Promotion Board have?
Maine Dairy Promotion Board 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 $567K in total revenue.
Is the Maine Dairy Promotion Board financially stable?
Yes, the organization appears financially stable, consistently generating revenues around $550,000-$600,000 and showing a steady increase in assets from $139,329 in 2015 to $372,588 in 2023.
How does the Maine Dairy Promotion Board manage executive compensation?
The Maine Dairy Promotion Board consistently reports 0% officer compensation in all available IRS 990 filings, suggesting a volunteer-led structure or alternative compensation methods not disclosed as officer pay.
What caused the significant increase in liabilities in 2023?
Liabilities increased from $55,521 in 2022 to $215,033 in 2023. Without further detail from the 990, the specific cause of this substantial increase is unclear and warrants further investigation.
Does the organization spend efficiently?
Based on the consistent 0% officer compensation, the organization appears to be highly efficient in minimizing executive overhead. A detailed breakdown of program, administrative, and fundraising expenses would provide a more complete picture of overall spending efficiency.
Filing History
IRS 990 filing history for Maine Dairy Promotion Board showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Dairy Promotion Board's revenue has grown by 18.2%, moving from $479K to $567K. Total assets increased by 33.9% over the same period, from $278K to $373K. Total functional expenses rose by 10.8%, from $485K to $538K. In its most recent filing year (2023), Maine Dairy Promotion Board reported a surplus of $29K, with revenue exceeding expenses. The organization holds $215K in liabilities against $373K in assets (debt-to-asset ratio: 57.7%), resulting in net assets of $158K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $567K | $538K | $373K | $215K | — | — |
| 2022 | $574K | $550K | $343K | $56K | — | View 990 |
| 2021 | $576K | $545K | $299K | $35K | — | — |
| 2020 | $594K | $598K | $258K | $26K | — | — |
| 2019 | $620K | $589K | $287K | $50K | — | View 990 |
| 2018 | $617K | $575K | $235K | $30K | — | View 990 |
| 2017 | $628K | $567K | $214K | $51K | — | View 990 |
| 2016 | $628K | $594K | $166K | $62K | — | View 990 |
| 2015 | $485K | $531K | $139K | $70K | — | View 990 |
| 2014 | $545K | $564K | $155K | $40K | — | View 990 |
| 2013 | $485K | $566K | $169K | $35K | — | View 990 |
| 2012 | $488K | $507K | $265K | $49K | — | View 990 |
| 2011 | $479K | $485K | $278K | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $567K, expenses of $538K, and assets of $373K (revenue -1.3% year-over-year).
- 2022: Revenue of $574K, expenses of $550K, and assets of $343K (revenue -0.3% year-over-year).
- 2021: Revenue of $576K, expenses of $545K, and assets of $299K (revenue -3.0% year-over-year).
- 2020: Revenue of $594K, expenses of $598K, and assets of $258K (revenue -4.3% year-over-year).
- 2019: Revenue of $620K, expenses of $589K, and assets of $287K (revenue +0.6% year-over-year).
- 2018: Revenue of $617K, expenses of $575K, and assets of $235K (revenue -1.7% year-over-year).
- 2017: Revenue of $628K, expenses of $567K, and assets of $214K (revenue +0.0% year-over-year).
- 2016: Revenue of $628K, expenses of $594K, and assets of $166K (revenue +29.3% year-over-year).
- 2015: Revenue of $485K, expenses of $531K, and assets of $139K (revenue -10.9% year-over-year).
- 2014: Revenue of $545K, expenses of $564K, and assets of $155K (revenue +12.5% year-over-year).
- 2013: Revenue of $485K, expenses of $566K, and assets of $169K (revenue -0.8% year-over-year).
- 2012: Revenue of $488K, expenses of $507K, and assets of $265K (revenue +1.9% year-over-year).
- 2011: Revenue of $479K, expenses of $485K, and assets of $278K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Dairy Promotion Board:
Data Sources and Methodology
This transparency report for Maine Dairy Promotion Board 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.