Maine National Guard Foundation Fund
Maine National Guard Foundation Fund consistently spends more than it earns, depleting assets to zero.
EIN: 10450803 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $48K |
| Total Expenses | $78K |
| Program Spending | 70% |
| Transparency Score | 45/100 |
Is Maine National Guard Foundation Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine National Guard Foundation Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Maine National Guard Foundation Fund
Maine National Guard Foundation Fund (EIN: 10450803) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $48K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine National Guard Foundation Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine National Guard Foundation Fund is a micro nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -13.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $78K |
| Surplus / Deficit | $-30,501 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -64.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2024, Maine National Guard Foundation Fund reported a deficit of $31K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2024), Maine National Guard Foundation Fund's revenue has declined at a compound annual growth rate (CAGR) of -13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +64.1% | +9.9% | — |
| 2023 | -34.5% | -35.5% | — |
| 2022 | +15.7% | +58.3% | -100.0% |
| 2021 | -27.8% | -43.2% | -33.6% |
| 2020 | +1291.4% | -21.0% | -19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 National Guard Foundation Fund with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Maine National Guard Foundation Fund allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that officers are not receiving salaries, which is a positive sign of dedication and resource allocation towards the mission rather than 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.
Red Flags
The following concerns were identified during AI analysis of Maine National Guard Foundation Fund's IRS 990 filings:
- Consistent operational deficits (e.g., $47,659 revenue vs. $78,160 expenses in 202409).
- Complete depletion of assets (from $434,261 in 201809 to $0 in 202409).
- Spending significantly more than revenue for multiple consecutive years.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for Maine National Guard Foundation Fund:
- 0% officer compensation reported across all filings, indicating volunteer leadership.
- No reported liabilities, suggesting the organization is not accumulating debt.
Frequently Asked Questions about Maine National Guard Foundation Fund
Is Maine National Guard Foundation Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine National Guard Foundation Fund (EIN: 10450803) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Maine National Guard Foundation Fund spend its money?
Maine National Guard Foundation Fund directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine National Guard Foundation Fund tax-deductible?
Maine National Guard Foundation Fund is registered as a tax-exempt nonprofit (EIN: 10450803). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine National Guard Foundation Fund's spending goes to programs?
Maine National Guard Foundation Fund directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Maine National Guard Foundation Fund located?
Maine National Guard Foundation Fund is headquartered in Augusta, Maine and files with the IRS under EIN 10450803.
How many years of IRS 990 filings does Maine National Guard Foundation Fund have?
Maine National Guard Foundation Fund has 12 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 $48K in total revenue.
How does the Maine National Guard Foundation Fund cover its consistent operational deficits?
The organization appears to cover its deficits by drawing down its asset base, which has now reached $0 in the latest filings. This suggests a reliance on current period donations to cover expenses, as there are no reported liabilities.
What is the long-term sustainability plan for the organization given its current financial trends?
The current financial trend of spending significantly more than revenue and having no assets raises serious questions about long-term sustainability. Without a change in revenue generation or expense management, the organization's future is uncertain.
What are the specific program activities and their associated costs?
The provided IRS 990 data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess the specific program activities and their costs.
Why have the organization's assets decreased from over $400,000 to $0 in recent years?
The decrease in assets from a high of $434,261 in Period 201809 to $0 in recent filings (202209-202409) is directly correlated with the organization's consistent operational deficits, indicating that assets were used to cover expenses exceeding revenue.
Filing History
IRS 990 filing history for Maine National Guard Foundation Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2024), Maine National Guard Foundation Fund's revenue has declined by 84.2%, moving from $301K to $48K. Total assets decreased by 100% over the same period, from $493K to $0. Total functional expenses fell by 74.7%, from $309K to $78K. In its most recent filing year (2024), Maine National Guard Foundation Fund reported a deficit of $31K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $48K | $78K | $0 | $0 | — | — |
| 2023 | $29K | $71K | $0 | $0 | — | — |
| 2022 | $44K | $110K | $0 | $0 | — | — |
| 2021 | $38K | $70K | $155K | $0 | — | View 990 |
| 2020 | $53K | $123K | $233K | $0 | — | — |
| 2019 | $4K | $155K | $289K | $0 | — | View 990 |
| 2018 | $102K | $107K | $434K | $0 | — | View 990 |
| 2015 | $157K | $95K | $377K | $0 | — | View 990 |
| 2014 | $105K | $125K | $338K | $0 | — | View 990 |
| 2013 | $114K | $207K | $352K | $0 | — | View 990 |
| 2012 | $183K | $167K | $509K | $0 | — | View 990 |
| 2011 | $301K | $309K | $493K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $48K, expenses of $78K, and assets of $0 (revenue +64.1% year-over-year).
- 2023: Revenue of $29K, expenses of $71K, and assets of $0 (revenue -34.5% year-over-year).
- 2022: Revenue of $44K, expenses of $110K, and assets of $0 (revenue +15.7% year-over-year).
- 2021: Revenue of $38K, expenses of $70K, and assets of $155K (revenue -27.8% year-over-year).
- 2020: Revenue of $53K, expenses of $123K, and assets of $233K (revenue +1291.4% year-over-year).
- 2019: Revenue of $4K, expenses of $155K, and assets of $289K (revenue -96.3% year-over-year).
- 2018: Revenue of $102K, expenses of $107K, and assets of $434K (revenue -34.8% year-over-year).
- 2015: Revenue of $157K, expenses of $95K, and assets of $377K (revenue +49.7% year-over-year).
- 2014: Revenue of $105K, expenses of $125K, and assets of $338K (revenue -7.8% year-over-year).
- 2013: Revenue of $114K, expenses of $207K, and assets of $352K (revenue -37.7% year-over-year).
- 2012: Revenue of $183K, expenses of $167K, and assets of $509K (revenue -39.4% year-over-year).
- 2011: Revenue of $301K, expenses of $309K, and assets of $493K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine National Guard Foundation Fund:
Data Sources and Methodology
This transparency report for Maine National Guard Foundation Fund 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.