Maine Manufacturing Extension Partnership
Maine Manufacturing Extension Partnership consistently operates with no officer compensation and stable finances.
EIN: 10518745 · Augusta, ME · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Program Spending | 90% |
| Net Assets | $1.4M |
| Transparency Score | 95/100 |
Is Maine Manufacturing Extension Partnership Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Manufacturing Extension Partnership directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Manufacturing Extension Partnership
Maine Manufacturing Extension Partnership (EIN: 10518745) is a nonprofit organization based in Augusta, ME, classified under NTEE code S30. The organization reported total revenue of $2.2M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Manufacturing Extension Partnership's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Manufacturing Extension Partnership is a mid-size nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$31K |
| Total Assets | $1.5M |
| Total Liabilities | $106K |
| Net Assets | $1.4M |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 7.1% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2024, Maine Manufacturing Extension Partnership reported a surplus of $31K with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Maine Manufacturing Extension Partnership's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.8% | +0.8% | +2.5% |
| 2023 | +20.1% | +5.1% | +13.7% |
| 2022 | -25.2% | -14.4% | -7.1% |
| 2021 | +55.2% | +55.9% | +38.8% |
| 2020 | -1.9% | -9.0% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Manufacturing Extension Partnership 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 Manufacturing Extension Partnership 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual and indicates that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, significantly reducing administrative overhead.
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.
Strengths
The following positive indicators were identified for Maine Manufacturing Extension Partnership:
- Consistent 0% officer compensation, indicating high efficiency and dedication of resources to mission.
- Healthy asset growth from $991,574 in 2020 to $1,491,402 in 2024, demonstrating strong financial management.
- Significant reduction in liabilities from $880,662 in 2015 to $106,086 in 2024, improving financial stability.
- Expenses closely track revenue, suggesting efficient use of funds for programmatic activities (e.g., 2024 revenue $2,216,755 vs. expenses $2,186,099).
- Long and consistent filing history (14 filings), indicating transparency and stable operations.
Frequently Asked Questions about Maine Manufacturing Extension Partnership
Is Maine Manufacturing Extension Partnership a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Manufacturing Extension Partnership (EIN: 10518745) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Maine Manufacturing Extension Partnership spend its money?
Maine Manufacturing Extension Partnership directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Manufacturing Extension Partnership tax-deductible?
Maine Manufacturing Extension Partnership is registered as a tax-exempt nonprofit (EIN: 10518745). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Maine Manufacturing Extension Partnership compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Maine Manufacturing Extension Partnership is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Manufacturing Extension Partnership located?
Maine Manufacturing Extension Partnership is headquartered in Augusta, Maine and files with the IRS under EIN 10518745. It is classified under NTEE code S30.
How many years of IRS 990 filings does Maine Manufacturing Extension Partnership have?
Maine Manufacturing Extension Partnership 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 $2.2M in total revenue.
How does Maine MEP sustain its operations without officer compensation?
The filings consistently show 0% officer compensation, suggesting that executive leadership may be volunteer-based, compensated through a related entity, or that the organization's structure allows for this unique operational model, which is highly efficient for a nonprofit.
What is the primary source of Maine MEP's revenue?
While specific revenue sources are not detailed in the provided summary, the consistent revenue figures (e.g., $2,216,755 in 2024) suggest a stable funding base, likely from government grants, contracts for services, or a combination of public and private support typical for an MEP.
Has Maine MEP experienced significant growth in its financial capacity?
Yes, the organization's assets have grown from $991,574 in 2020 to $1,491,402 in 2024, indicating a substantial increase in financial capacity and stability over recent years.
Filing History
IRS 990 filing history for Maine Manufacturing Extension Partnership showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Maine Manufacturing Extension Partnership's revenue has declined by 17.8%, moving from $2.7M to $2.2M. Total assets increased by 53.5% over the same period, from $971K to $1.5M. Total functional expenses fell by 16.5%, from $2.6M to $2.2M. In its most recent filing year (2024), Maine Manufacturing Extension Partnership reported a surplus of $31K, with revenue exceeding expenses. The organization holds $106K in liabilities against $1.5M in assets (debt-to-asset ratio: 7.1%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $2.2M | $1.5M | $106K | — | View 990 |
| 2023 | $2.3M | $2.2M | $1.5M | $100K | — | View 990 |
| 2022 | $1.9M | $2.1M | $1.3M | $341K | — | View 990 |
| 2021 | $2.6M | $2.4M | $1.4M | $314K | — | View 990 |
| 2020 | $1.7M | $1.5M | $992K | $112K | — | View 990 |
| 2019 | $1.7M | $1.7M | $942K | $187K | — | View 990 |
| 2018 | $1.7M | $1.6M | $969K | $219K | — | View 990 |
| 2017 | $1.9M | $1.8M | $933K | $247K | — | View 990 |
| 2016 | $1.7M | $1.6M | $914K | $306K | — | View 990 |
| 2015 | $1.6M | $1.5M | $1.0M | $881K | — | View 990 |
| 2014 | $1.4M | $1.3M | $952K | $906K | — | View 990 |
| 2013 | $1.5M | $1.5M | $1.2M | $1.3M | — | View 990 |
| 2012 | $1.7M | $1.9M | $1.1M | $1.1M | — | View 990 |
| 2011 | $2.7M | $2.6M | $971K | $737K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.2M, expenses of $2.2M, and assets of $1.5M (revenue -4.8% year-over-year).
- 2023: Revenue of $2.3M, expenses of $2.2M, and assets of $1.5M (revenue +20.1% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.1M, and assets of $1.3M (revenue -25.2% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.4M, and assets of $1.4M (revenue +55.2% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.5M, and assets of $992K (revenue -1.9% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $942K (revenue +3.0% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $969K (revenue -12.2% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.8M, and assets of $933K (revenue +8.1% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $914K (revenue +9.8% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $1.0M (revenue +16.9% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $952K (revenue -9.9% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $1.2M (revenue -10.0% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.9M, and assets of $1.1M (revenue -37.9% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.6M, and assets of $971K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Manufacturing Extension Partnership:
Data Sources and Methodology
This transparency report for Maine Manufacturing Extension Partnership 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.