Maine Farm Bureau Association
Maine Farm Bureau Association shows consistent asset growth and no reported officer compensation.
EIN: 10217277 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $249K |
| Total Expenses | $186K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.8M |
| Net Assets | $1.8M |
| Transparency Score | 85/100 |
Is Maine Farm Bureau Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Farm Bureau Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Farm Bureau Association
Maine Farm Bureau Association (EIN: 10217277) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $249K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Farm Bureau Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Farm Bureau Association is a small nonprofit that has been operating for 73 years, with 10 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $330K |
| Total Expenses | $186K |
| Surplus / Deficit | +$144K |
| Total Assets | $1.9M |
| Total Liabilities | $35K |
| Net Assets | $1.8M |
| Operating Margin | 43.6% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 120.1 months |
Financial Health Grade: A
In 2021, Maine Farm Bureau Association reported a surplus of $144K with revenue exceeding expenses, holds 120.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2021), Maine Farm Bureau Association's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +59.2% | -20.6% | +9.6% |
| 2020 | -4.1% | +11.0% | +5.5% |
| 2019 | -8.3% | -0.7% | +0.9% |
| 2018 | +7.1% | -1.1% | +4.3% |
| 2017 | +11.4% | +13.0% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1953 |
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 Farm Bureau Association 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: 80%
- fundraising: 10%
According to IRS 990 filings, Maine Farm Bureau Association allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $144K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through mechanisms not reported as officer compensation on the 990, which is unusual for an organization of its asset size ($1.8M+).
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 Farm Bureau Association's IRS 990 filings:
- Lack of reported officer compensation, which could indicate compensation through related parties or non-standard reporting.
- NTEE code is unknown, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Maine Farm Bureau Association:
- Consistent asset growth, from $1,380,483 in 2012 to $1,863,752 in 2021.
- Low liabilities relative to assets, indicating strong financial health.
- Expenses generally well-managed relative to revenue, with a significant surplus in 2021 ($330,143 revenue vs. $186,193 expenses).
Frequently Asked Questions about Maine Farm Bureau Association
Is Maine Farm Bureau Association a legitimate charity?
Maine Farm Bureau Association (EIN: 10217277) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $249K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Maine Farm Bureau Association spend its money?
Maine Farm Bureau Association directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Maine Farm Bureau Association tax-deductible?
Maine Farm Bureau Association is registered as a tax-exempt nonprofit (EIN: 10217277). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Farm Bureau Association CEO make?
Maine Farm Bureau Association's highest-compensated officer earns $1.8M annually. The organization reported $249K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Farm Bureau Association's spending goes to programs?
Maine Farm Bureau Association directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Farm Bureau Association located?
Maine Farm Bureau Association is headquartered in Augusta, Maine and files with the IRS under EIN 10217277.
How many years of IRS 990 filings does Maine Farm Bureau Association have?
Maine Farm Bureau Association has 10 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 $249K in total revenue.
How does the Maine Farm Bureau Association fund its operations without reporting officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean leadership is entirely volunteer, compensated through a related entity, or receives non-cash benefits not classified as officer compensation. Further investigation into their detailed expense schedules would be needed.
What are the primary program activities of the Maine Farm Bureau Association?
Based on the financial data, the organization maintains significant assets and manages expenses, but the specific program activities are not detailed in the provided financial summary. A review of their full IRS 990 or website would be necessary to understand their programs.
Is the organization's revenue stable enough to support its mission long-term?
Revenue has fluctuated, for example, from $330,143 in 2021 to $207,441 in 2020. However, expenses have generally been managed within or below revenue levels, and assets have shown consistent growth, suggesting a stable financial foundation despite revenue variability.
Filing History
IRS 990 filing history for Maine Farm Bureau Association showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Maine Farm Bureau Association's revenue has grown by 36.5%, moving from $242K to $330K. Total assets increased by 35% over the same period, from $1.4M to $1.9M. Total functional expenses fell by 36.6%, from $293K to $186K. In its most recent filing year (2021), Maine Farm Bureau Association reported a surplus of $144K, with revenue exceeding expenses. The organization holds $35K in liabilities against $1.9M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $330K | $186K | $1.9M | $35K | — | View 990 |
| 2020 | $207K | $235K | $1.7M | $108K | — | — |
| 2019 | $216K | $211K | $1.6M | $41K | — | View 990 |
| 2018 | $236K | $213K | $1.6M | $17K | — | View 990 |
| 2017 | $220K | $215K | $1.5M | $43K | — | View 990 |
| 2016 | $198K | $190K | $1.5M | $50K | — | View 990 |
| 2015 | $221K | $233K | $1.4M | $45K | — | View 990 |
| 2014 | $214K | $301K | $1.5M | $61K | — | View 990 |
| 2013 | $228K | $261K | $1.5M | $62K | — | View 990 |
| 2012 | $242K | $293K | $1.4M | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $330K, expenses of $186K, and assets of $1.9M (revenue +59.2% year-over-year).
- 2020: Revenue of $207K, expenses of $235K, and assets of $1.7M (revenue -4.1% year-over-year).
- 2019: Revenue of $216K, expenses of $211K, and assets of $1.6M (revenue -8.3% year-over-year).
- 2018: Revenue of $236K, expenses of $213K, and assets of $1.6M (revenue +7.1% year-over-year).
- 2017: Revenue of $220K, expenses of $215K, and assets of $1.5M (revenue +11.4% year-over-year).
- 2016: Revenue of $198K, expenses of $190K, and assets of $1.5M (revenue -10.6% year-over-year).
- 2015: Revenue of $221K, expenses of $233K, and assets of $1.4M (revenue +3.2% year-over-year).
- 2014: Revenue of $214K, expenses of $301K, and assets of $1.5M (revenue -6.0% year-over-year).
- 2013: Revenue of $228K, expenses of $261K, and assets of $1.5M (revenue -5.7% year-over-year).
- 2012: Revenue of $242K, expenses of $293K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Farm Bureau Association:
Data Sources and Methodology
This transparency report for Maine Farm Bureau Association 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.