Maine Energy Marketers Association Education Foundation
Maine Energy Marketers Association Education Foundation shows consistent financial growth and no reported officer compensation.
EIN: 10511224 · Brunswick, ME · NTEE: J22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $2.0M |
| Transparency Score | 85/100 |
Is Maine Energy Marketers Association Education Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Energy Marketers Association Education Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Energy Marketers Association Education Foundation
Maine Energy Marketers Association Education Foundation (EIN: 10511224) is a nonprofit organization based in Brunswick, ME, classified under NTEE code J22. The organization reported total revenue of $1.8M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Energy Marketers Association Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Energy Marketers Association Education Foundation 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 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$114K |
| Total Assets | $2.1M |
| Total Liabilities | $156K |
| Net Assets | $2.0M |
| Operating Margin | 9.9% |
| Debt-to-Asset Ratio | 7.3% |
| Months of Reserves | 24.9 months |
Financial Health Grade: A
In 2023, Maine Energy Marketers Association Education Foundation reported a surplus of $114K with revenue exceeding expenses, holds 24.9 months of operating reserves (strong position), has a debt-to-asset ratio of 7.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Energy Marketers Association Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | +3.0% | +9.9% |
| 2022 | +4.2% | +15.5% | -1.2% |
| 2021 | +28.4% | +13.9% | +7.6% |
| 2020 | -25.6% | -19.3% | +4.0% |
| 2019 | -9.7% | +20.3% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Energy Marketers Association Education Foundation 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: 85%
- fundraising: 5%
According to IRS 990 filings, Maine Energy Marketers Association Education Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $114K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is unusual for an organization of its size with over $1 million 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 Energy Marketers Association Education Foundation's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data makes precise spending efficiency analysis difficult.
- Consistent 0% officer compensation is unusual for an organization of this size and could warrant further inquiry into how leadership is compensated, if at all.
Strengths
The following positive indicators were identified for Maine Energy Marketers Association Education Foundation:
- Consistent revenue growth, increasing from $540,501 in 2014 to $1,147,283 in 2023.
- Strong asset growth, more than doubling from $872,910 in 2014 to $2,143,255 in 2023.
- Consistently operates with a financial surplus, indicating sound financial management (e.g., $113,956 surplus in 2023).
- Zero reported officer compensation across all available filings, suggesting low overhead for leadership.
- Healthy balance sheet with assets significantly exceeding liabilities (e.g., 2023 assets $2,143,255 vs. liabilities $156,087).
Frequently Asked Questions about Maine Energy Marketers Association Education Foundation
Is Maine Energy Marketers Association Education Foundation a legitimate charity?
Maine Energy Marketers Association Education Foundation (EIN: 10511224) 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: $1.8M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Maine Energy Marketers Association Education Foundation spend its money?
Maine Energy Marketers Association Education Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Energy Marketers Association Education Foundation tax-deductible?
Maine Energy Marketers Association Education Foundation is registered as a tax-exempt nonprofit (EIN: 10511224). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Energy Marketers Association Education Foundation CEO make?
Maine Energy Marketers Association Education Foundation's highest-compensated officer earns $1 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Energy Marketers Association Education Foundation's spending goes to programs?
Maine Energy Marketers Association Education Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Energy Marketers Association Education Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Energy Marketers Association Education Foundation is above average for NTEE category J22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Energy Marketers Association Education Foundation located?
Maine Energy Marketers Association Education Foundation is headquartered in Brunswick, Maine and files with the IRS under EIN 10511224. It is classified under NTEE code J22.
How many years of IRS 990 filings does Maine Energy Marketers Association Education Foundation have?
Maine Energy Marketers Association Education Foundation 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 $1.8M in total revenue.
Is Maine Energy Marketers Association Education Foundation a good charity?
Based on the available financial data, the organization appears to be a financially healthy and well-managed nonprofit. It consistently generates surpluses, grows its assets, and reports no officer compensation, which suggests a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth and stability. Revenue has more than doubled from $540,501 in 2014 to $1,147,283 in 2023, and assets have increased significantly from $872,910 to $2,143,255 over the same period, indicating robust financial health and increasing capacity.
What is the trend in the organization's assets and liabilities?
Assets have shown a strong upward trend, more than doubling in the last decade, while liabilities have remained relatively low and stable compared to assets. For example, in 2023, assets were $2,143,255 against liabilities of $156,087, indicating a very healthy balance sheet and strong financial reserves.
Filing History
IRS 990 filing history for Maine Energy Marketers Association Education Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Energy Marketers Association Education Foundation's revenue has grown by 122.6%, moving from $515K to $1.1M. Total assets increased by 140.9% over the same period, from $890K to $2.1M. Total functional expenses rose by 64.7%, from $628K to $1.0M. In its most recent filing year (2023), Maine Energy Marketers Association Education Foundation reported a surplus of $114K, with revenue exceeding expenses. The organization holds $156K in liabilities against $2.1M in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.0M | $2.1M | $156K | — | View 990 |
| 2022 | $1.1M | $1.0M | $1.9M | $127K | — | View 990 |
| 2021 | $1.0M | $868K | $2.0M | $136K | — | View 990 |
| 2020 | $790K | $762K | $1.8M | $194K | — | View 990 |
| 2019 | $1.1M | $944K | $1.8M | $186K | — | View 990 |
| 2018 | $1.2M | $785K | $1.5M | $100K | — | View 990 |
| 2017 | $758K | $612K | $1.1M | $80K | — | View 990 |
| 2016 | $608K | $556K | $982K | $89K | — | View 990 |
| 2015 | $669K | $558K | $928K | $87K | — | View 990 |
| 2014 | $541K | $492K | $873K | $143K | — | View 990 |
| 2013 | $400K | $461K | $708K | $27K | — | View 990 |
| 2012 | $526K | $586K | $774K | $32K | — | View 990 |
| 2011 | $515K | $628K | $890K | $87K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.0M, and assets of $2.1M (revenue +8.5% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.0M, and assets of $1.9M (revenue +4.2% year-over-year).
- 2021: Revenue of $1.0M, expenses of $868K, and assets of $2.0M (revenue +28.4% year-over-year).
- 2020: Revenue of $790K, expenses of $762K, and assets of $1.8M (revenue -25.6% year-over-year).
- 2019: Revenue of $1.1M, expenses of $944K, and assets of $1.8M (revenue -9.7% year-over-year).
- 2018: Revenue of $1.2M, expenses of $785K, and assets of $1.5M (revenue +55.3% year-over-year).
- 2017: Revenue of $758K, expenses of $612K, and assets of $1.1M (revenue +24.6% year-over-year).
- 2016: Revenue of $608K, expenses of $556K, and assets of $982K (revenue -9.1% year-over-year).
- 2015: Revenue of $669K, expenses of $558K, and assets of $928K (revenue +23.8% year-over-year).
- 2014: Revenue of $541K, expenses of $492K, and assets of $873K (revenue +35.0% year-over-year).
- 2013: Revenue of $400K, expenses of $461K, and assets of $708K (revenue -23.8% year-over-year).
- 2012: Revenue of $526K, expenses of $586K, and assets of $774K (revenue +2.0% year-over-year).
- 2011: Revenue of $515K, expenses of $628K, and assets of $890K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Energy Marketers Association Education Foundation:
Data Sources and Methodology
This transparency report for Maine Energy Marketers Association Education 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.