Maine Ski And Snowboard Museum
Maine Ski And Snowboard Museum faces significant operating deficits and declining assets in recent years.
EIN: 10498447 · Kingfield, ME · NTEE: A50 · Updated: 2026-03-28
Is Maine Ski And Snowboard Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Ski And Snowboard Museum directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Maine Ski And Snowboard Museum
Maine Ski And Snowboard Museum (EIN: 10498447) is a nonprofit organization based in Kingfield, ME, classified under NTEE code A50. The organization reported total revenue of $57K and total assets of $177K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Ski And Snowboard Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maine Ski And Snowboard Museum with a Mission Score of 65 out of 100 (Good). 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 Ski And Snowboard Museum allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is a positive for minimizing administrative overhead for an organization 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.
Red Flags
The following concerns were identified during AI analysis of Maine Ski And Snowboard Museum's IRS 990 filings:
- Consecutive years of significant operating deficits (e.g., 2023: -$64,458; 2022: -$121,379).
- Substantial decline in assets from $376,786 in 2021 to $167,609 in 2023.
- Expenses consistently exceeding revenue in recent periods, indicating potential financial instability.
Strengths
The following positive indicators were identified for Maine Ski And Snowboard Museum:
- Consistent reporting with 13 IRS 990 filings available.
- 0% officer compensation reported across all filings, indicating low executive overhead.
- Historically low liabilities, though they have slightly increased in recent years.
Frequently Asked Questions about Maine Ski And Snowboard Museum
Is Maine Ski And Snowboard Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Ski And Snowboard Museum (EIN: 10498447) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Maine Ski And Snowboard Museum spend its money?
Maine Ski And Snowboard Museum directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Ski And Snowboard Museum tax-deductible?
Maine Ski And Snowboard Museum is registered as a tax-exempt nonprofit (EIN: 10498447). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Maine Ski And Snowboard Museum financially sustainable given recent deficits?
The organization has experienced significant operating deficits in the last two reported periods (2023: -$64,458; 2022: -$121,379). This trend is not sustainable long-term without increased revenue or reduced expenses.
What caused the substantial decline in assets from 2021 to 2023?
Assets decreased from $376,786 in 2021 to $167,609 in 2023, likely due to the consecutive years of expenses significantly exceeding revenue, forcing the organization to draw down its reserves.
How does the organization plan to address its revenue shortfalls?
The provided data does not detail specific strategies, but addressing the consistent revenue shortfall is critical for the organization's future viability.
Filing History
IRS 990 filing history for Maine Ski And Snowboard Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Ski And Snowboard Museum's revenue has declined by 36.9%, moving from $98K to $62K. Total assets increased by 116.6% over the same period, from $77K to $168K. Total functional expenses rose by 190.5%, from $43K to $126K. In its most recent filing year (2023), Maine Ski And Snowboard Museum reported a deficit of $64K, with expenses exceeding revenue. The organization holds $556 in liabilities against $168K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $167K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $126K | $168K | $556 | — | View 990 |
| 2022 | $58K | $180K | $232K | $900 | — | View 990 |
| 2021 | $233K | $159K | $377K | $10K | — | View 990 |
| 2020 | $250K | $142K | $300K | $9K | — | View 990 |
| 2019 | $82K | $89K | $183K | $11K | — | View 990 |
| 2018 | $104K | $85K | $180K | $168 | — | View 990 |
| 2017 | $76K | $55K | $161K | $7 | — | View 990 |
| 2016 | $87K | $61K | $138K | $488 | — | View 990 |
| 2015 | $59K | $61K | $111K | $0 | — | View 990 |
| 2014 | $64K | $46K | $122K | $0 | — | View 990 |
| 2013 | $64K | $44K | $104K | $0 | — | View 990 |
| 2012 | $56K | $49K | $87K | $3K | — | View 990 |
| 2011 | $98K | $43K | $77K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $126K, and assets of $168K (revenue +5.8% year-over-year).
- 2022: Revenue of $58K, expenses of $180K, and assets of $232K (revenue -75.1% year-over-year).
- 2021: Revenue of $233K, expenses of $159K, and assets of $377K (revenue -6.8% year-over-year).
- 2020: Revenue of $250K, expenses of $142K, and assets of $300K (revenue +205.8% year-over-year).
- 2019: Revenue of $82K, expenses of $89K, and assets of $183K (revenue -21.2% year-over-year).
- 2018: Revenue of $104K, expenses of $85K, and assets of $180K (revenue +36.2% year-over-year).
- 2017: Revenue of $76K, expenses of $55K, and assets of $161K (revenue -11.9% year-over-year).
- 2016: Revenue of $87K, expenses of $61K, and assets of $138K (revenue +46.4% year-over-year).
- 2015: Revenue of $59K, expenses of $61K, and assets of $111K (revenue -7.3% year-over-year).
- 2014: Revenue of $64K, expenses of $46K, and assets of $122K (revenue +0.2% year-over-year).
- 2013: Revenue of $64K, expenses of $44K, and assets of $104K (revenue +14.6% year-over-year).
- 2012: Revenue of $56K, expenses of $49K, and assets of $87K (revenue -43.0% year-over-year).
- 2011: Revenue of $98K, expenses of $43K, and assets of $77K.
Data Sources and Methodology
This transparency report for Maine Ski And Snowboard Museum 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.