Maine Real Estate Managers Association
Maine Real Estate Managers Association consistently maintains financial surpluses and zero executive compensation.
EIN: 10495845 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $190K |
| Total Expenses | $104K |
| Program Spending | 90% |
| Net Assets | $172K |
| Transparency Score | 90/100 |
Is Maine Real Estate Managers Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Real Estate Managers Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Real Estate Managers Association
Maine Real Estate Managers Association (EIN: 10495845) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $190K and total assets of $182K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Real Estate Managers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Real Estate Managers Association is a small nonprofit that has been operating for 30 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $125K |
| Total Expenses | $104K |
| Surplus / Deficit | +$21K |
| Total Assets | $172K |
| Net Assets | $172K |
| Operating Margin | 16.8% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2023, Maine Real Estate Managers Association reported a surplus of $21K with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), Maine Real Estate Managers Association's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.9% | -15.9% | +13.9% |
| 2022 | -2.0% | -14.4% | +10.5% |
| 2021 | +175.4% | +539.3% | +0.1% |
| 2020 | -53.7% | -75.9% | +28.1% |
| 2019 | -14.7% | -27.6% | +21.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Real Estate Managers Association 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: 90%
- fundraising: 0%
According to IRS 990 filings, Maine Real Estate Managers Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of this size.
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 Real Estate Managers Association:
- Consistent financial surpluses (e.g., $20,990 in 202312)
- Zero officer compensation reported across all filings
- Minimal to no liabilities, indicating low financial risk
- Consistent growth in assets over the past decade
- Strong financial recovery after a dip in revenue in 202012
Frequently Asked Questions about Maine Real Estate Managers Association
Is Maine Real Estate Managers Association a legitimate charity?
Maine Real Estate Managers Association (EIN: 10495845) 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: $190K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Maine Real Estate Managers Association spend its money?
Maine Real Estate Managers Association directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Maine Real Estate Managers Association tax-deductible?
Maine Real Estate Managers Association is registered as a tax-exempt nonprofit (EIN: 10495845). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maine Real Estate Managers Association located?
Maine Real Estate Managers Association is headquartered in Portland, Maine and files with the IRS under EIN 10495845.
How many years of IRS 990 filings does Maine Real Estate Managers Association have?
Maine Real Estate Managers Association 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 $190K in total revenue.
Is Maine Real Estate Managers Association financially stable?
Yes, the organization appears financially stable, consistently operating with surpluses (e.g., $20,990 surplus in 202312) and maintaining minimal to no liabilities across most filing periods, including the latest two.
Does the organization pay its officers?
Based on the provided data, the organization consistently reports 0% for officer compensation across all 11 filings, suggesting officers are not compensated or are volunteers.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $41,514 in 201212 to $171,738 in 202312, indicating strong financial management and accumulation of reserves.
What is the organization's spending efficiency?
With zero officer compensation and consistent surpluses, the organization appears highly efficient. While a detailed program vs. administrative expense breakdown isn't provided, the overall financial health suggests resources are well-managed towards its mission.
Filing History
IRS 990 filing history for Maine Real Estate Managers Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Maine Real Estate Managers Association's revenue has declined by 30.5%, moving from $180K to $125K. Total assets increased by 245.5% over the same period, from $50K to $172K. Total functional expenses fell by 42.3%, from $180K to $104K. In its most recent filing year (2023), Maine Real Estate Managers Association reported a surplus of $21K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $125K | $104K | $172K | $0 | — | — |
| 2022 | $140K | $123K | $151K | $0 | — | View 990 |
| 2021 | $143K | $144K | $136K | $2K | — | View 990 |
| 2020 | $52K | $23K | $136K | $550 | — | — |
| 2019 | $112K | $93K | $106K | $0 | — | View 990 |
| 2018 | $131K | $129K | $88K | $0 | — | View 990 |
| 2017 | $97K | $83K | $86K | $0 | — | View 990 |
| 2016 | $147K | $127K | $72K | $0 | — | View 990 |
| 2013 | $101K | $98K | $44K | $0 | — | View 990 |
| 2012 | $64K | $72K | $42K | $500 | — | View 990 |
| 2011 | $180K | $180K | $50K | $980 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $125K, expenses of $104K, and assets of $172K (revenue -10.9% year-over-year).
- 2022: Revenue of $140K, expenses of $123K, and assets of $151K (revenue -2.0% year-over-year).
- 2021: Revenue of $143K, expenses of $144K, and assets of $136K (revenue +175.4% year-over-year).
- 2020: Revenue of $52K, expenses of $23K, and assets of $136K (revenue -53.7% year-over-year).
- 2019: Revenue of $112K, expenses of $93K, and assets of $106K (revenue -14.7% year-over-year).
- 2018: Revenue of $131K, expenses of $129K, and assets of $88K (revenue +35.0% year-over-year).
- 2017: Revenue of $97K, expenses of $83K, and assets of $86K (revenue -33.6% year-over-year).
- 2016: Revenue of $147K, expenses of $127K, and assets of $72K (revenue +45.2% year-over-year).
- 2013: Revenue of $101K, expenses of $98K, and assets of $44K (revenue +56.9% year-over-year).
- 2012: Revenue of $64K, expenses of $72K, and assets of $42K (revenue -64.2% year-over-year).
- 2011: Revenue of $180K, expenses of $180K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Real Estate Managers Association:
Data Sources and Methodology
This transparency report for Maine Real Estate Managers 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.