Maine Medical Education Foundation
Maine Medical Education Foundation maintains stable assets and low officer compensation amidst fluctuating revenues.
EIN: 16017053 · Manchester, ME · NTEE: E99Z · Updated: 2026-03-28
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Maine Medical Education Foundation is mapped to EIN 16017053.
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11 stored filing years available.
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11 stored filing years available.
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85% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $590K |
| Total Expenses | $136K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.6M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Maine Medical Education Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Maine Medical Education Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Maine Medical Education Foundation in one place.
Form 990 Filing Summary
11 filing years are available, with latest revenue of $125K and expenses of $136K.
Revenue and Expenses
Maine Medical Education Foundation reported $125K in revenue and $136K in expenses, a deficit of $10K.
Executive Compensation
Top officer compensation appears as $5 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Maine Medical Education Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $115K (85%) |
Across stored filings, Maine Medical Education Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 11 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Health context |
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85% of spending goes to programs.
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Maine Medical Education Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Medical Education Foundation
Maine Medical Education Foundation (EIN: 16017053) is a nonprofit organization based in Manchester, ME, classified under NTEE code E99Z. The organization reported total revenue of $590K and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Medical Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Medical Education Foundation is a small nonprofit that has been operating for 63 years, with 11 years of IRS 990 filings on record (2010–2020). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $125K |
| Total Expenses | $136K |
| Surplus / Deficit | $-10,459 |
| Total Assets | $4.7M |
| Total Liabilities | $66K |
| Net Assets | $4.6M |
| Operating Margin | -8.4% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 414.9 months |
Financial Health Grade: B
In 2020, Maine Medical Education Foundation reported a deficit of $10K with expenses exceeding revenue, holds 414.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2020), Maine Medical Education Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +43.6% | -25.1% | +1.2% |
| 2019 | -84.0% | +24.2% | +3.5% |
| 2018 | +457.1% | -1.5% | -3.3% |
| 2017 | +80.9% | -29.3% | +3.6% |
| 2016 | -48.9% | +23.3% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1963 |
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 Medical Education Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Maine Medical 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization operates without paid officers or that compensation is negligible, which is highly efficient for an organization with assets nearing $5 million.
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 Medical Education Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Stable and substantial asset base ($4.8 million) providing financial security.
- Low liabilities across all filing periods, demonstrating sound financial management.
- Latest revenue of $590,353 significantly exceeds expenses, indicating financial health and growth potential.
- Consistent IRS 990 filings over many years, showing strong transparency.
Frequently Asked Questions about Maine Medical Education Foundation
Is Maine Medical Education Foundation a legitimate charity?
Maine Medical Education Foundation (EIN: 16017053) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 11 years of IRS 990 filings on record. Total revenue: $590K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Maine Medical Education Foundation spend its money?
Maine Medical Education Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Medical Education Foundation tax-deductible?
Maine Medical Education Foundation is registered as a tax-exempt nonprofit (EIN: 16017053). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Medical Education Foundation CEO make?
Maine Medical Education Foundation's highest-compensated officer earns $5 annually. The organization reported $590K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Medical Education Foundation's spending goes to programs?
Maine Medical Education Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Medical Education Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Maine Medical Education Foundation is above average for NTEE category E99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Medical Education Foundation located?
Maine Medical Education Foundation is headquartered in Manchester, Maine and files with the IRS under EIN 16017053. It is classified under NTEE code E99Z.
How many years of IRS 990 filings does Maine Medical Education Foundation have?
Maine Medical Education Foundation has 11 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 $590K in total revenue.
Is Maine Medical Education Foundation a good charity?
Based on the available IRS 990 data, the Maine Medical Education Foundation appears to be a very good charity. It consistently reports 0% officer compensation, maintains a strong asset base relative to its expenses, and demonstrates efficient spending, suggesting a high dedication to its mission.
How does the organization manage its finances given fluctuating revenues?
Despite significant fluctuations in annual revenue (e.g., $53,962 in 2016 vs. $543,922 in 2018), the organization has maintained relatively stable expenses, typically between $113,400 and $209,341. This indicates prudent financial management and a reliance on its substantial asset base ($4.8 million) to ensure operational stability.
What is the trend in the organization's assets?
The organization's assets have remained remarkably stable over the past decade, hovering around $4.5 million, and have grown to $4,801,389 in the latest period. This indicates strong financial stewardship and a solid endowment or investment strategy.
Filing History
IRS 990 filing history for Maine Medical Education Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2020), Maine Medical Education Foundation's revenue has declined by 14.2%, moving from $146K to $125K. Total assets increased by 2.9% over the same period, from $4.6M to $4.7M. Total functional expenses rose by 9.7%, from $124K to $136K. In its most recent filing year (2020), Maine Medical Education Foundation reported a deficit of $10K, with expenses exceeding revenue. The organization holds $66K in liabilities against $4.7M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $125K | $136K | $4.7M | $66K | — | — |
| 2019 | $87K | $181K | $4.6M | $112K | — | View 990 |
| 2018 | $544K | $146K | $4.5M | $38K | — | View 990 |
| 2017 | $98K | $148K | $4.6M | $77K | — | View 990 |
| 2016 | $54K | $209K | $4.5M | $2K | — | View 990 |
| 2015 | $106K | $170K | $4.5M | $11K | — | View 990 |
| 2014 | $83K | $147K | $4.6M | $10K | — | View 990 |
| 2013 | $116K | $136K | $4.7M | $10K | — | View 990 |
| 2012 | $145K | $159K | $4.5M | $10K | — | View 990 |
| 2011 | $93K | $113K | $4.5M | $10K | — | View 990 |
| 2010 | $146K | $124K | $4.6M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $125K, expenses of $136K, and assets of $4.7M (revenue +43.6% year-over-year).
- 2019: Revenue of $87K, expenses of $181K, and assets of $4.6M (revenue -84.0% year-over-year).
- 2018: Revenue of $544K, expenses of $146K, and assets of $4.5M (revenue +457.1% year-over-year).
- 2017: Revenue of $98K, expenses of $148K, and assets of $4.6M (revenue +80.9% year-over-year).
- 2016: Revenue of $54K, expenses of $209K, and assets of $4.5M (revenue -48.9% year-over-year).
- 2015: Revenue of $106K, expenses of $170K, and assets of $4.5M (revenue +27.5% year-over-year).
- 2014: Revenue of $83K, expenses of $147K, and assets of $4.6M (revenue -28.6% year-over-year).
- 2013: Revenue of $116K, expenses of $136K, and assets of $4.7M (revenue -20.3% year-over-year).
- 2012: Revenue of $145K, expenses of $159K, and assets of $4.5M (revenue +56.7% year-over-year).
- 2011: Revenue of $93K, expenses of $113K, and assets of $4.5M (revenue -36.4% year-over-year).
- 2010: Revenue of $146K, expenses of $124K, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Medical Education Foundation:
Data Sources and Methodology
This transparency report for Maine Medical 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.