Maine Space Grant Consortium
Maine Space Grant Consortium consistently operates at near break-even with no reported officer compensation on IRS 990s.
EIN: 10532411 · Augusta, ME · NTEE: U30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $19K |
| Transparency Score | 85/100 |
Is Maine Space Grant Consortium Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Space Grant Consortium directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Space Grant Consortium
Maine Space Grant Consortium (EIN: 10532411) is a nonprofit organization based in Augusta, ME, classified under NTEE code U30. The organization reported total revenue of $1.8M and total assets of $421K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Space Grant Consortium's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Space Grant Consortium is a mid-size nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$9 |
| Total Assets | $624K |
| Total Liabilities | $605K |
| Net Assets | $19K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 97.0% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Maine Space Grant Consortium reported a surplus of $9 with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 97.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Maine Space Grant Consortium's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.4% | +22.4% | +46.7% |
| 2022 | +47.5% | +47.5% | -10.6% |
| 2021 | -2.3% | -2.6% | +90.3% |
| 2020 | +11.9% | +12.0% | +14.4% |
| 2019 | -11.4% | -11.5% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
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 Space Grant Consortium with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Maine Space Grant Consortium allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $9, with revenue exceeding expenses.
- Debt-to-asset ratio: 97.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity managing nearly $2 million in annual revenue and suggests either pro bono leadership, compensation through a related entity, or a unique operational model that merits further inquiry for full transparency.
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 Space Grant Consortium's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and revenue, potentially indicating indirect compensation or a lack of full transparency regarding leadership costs.
Strengths
The following positive indicators were identified for Maine Space Grant Consortium:
- Consistent near break-even operations, indicating strong financial management and efficient use of funds.
- Growing asset base, from $249,887 in 2020 to $623,670 in 2023, suggesting financial stability.
- Strong program focus implied by the close match of revenue and expenses, leaving little for excessive administrative or fundraising overhead.
Frequently Asked Questions about Maine Space Grant Consortium
Is Maine Space Grant Consortium a legitimate charity?
Maine Space Grant Consortium (EIN: 10532411) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.8M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Maine Space Grant Consortium spend its money?
Maine Space Grant Consortium directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Maine Space Grant Consortium tax-deductible?
Maine Space Grant Consortium is registered as a tax-exempt nonprofit (EIN: 10532411). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Space Grant Consortium CEO make?
Maine Space Grant Consortium's highest-compensated officer earns $2 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Space Grant Consortium's spending goes to programs?
Maine Space Grant Consortium directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Space Grant Consortium compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Space Grant Consortium is above average for NTEE category U30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Space Grant Consortium located?
Maine Space Grant Consortium is headquartered in Augusta, Maine and files with the IRS under EIN 10532411. It is classified under NTEE code U30.
How many years of IRS 990 filings does Maine Space Grant Consortium have?
Maine Space Grant Consortium 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 $1.8M in total revenue.
How is the organization's leadership compensated if 0% officer compensation is reported across all filings?
The IRS 990s consistently show 0% officer compensation. This could mean leadership is entirely volunteer-based, compensated through a related entity, or that the individuals performing leadership roles are not classified as 'officers' for 990 reporting purposes, which would require deeper investigation into their operational structure.
Given the near break-even operations, how does the organization manage unexpected expenses or opportunities?
The organization consistently reports revenues closely matching expenses, often with a very small surplus or deficit. While this indicates efficient spending, it also suggests limited reserves for unexpected events or significant new initiatives, though assets have grown from $249,887 in 2020 to $623,670 in 2023, providing some buffer.
What is the primary source of the organization's revenue?
The NTEE code U30 (Science & Technology Research Institutes, Services) and the name 'Space Grant Consortium' strongly suggest that the primary revenue source is likely federal grants, often from NASA, which is typical for Space Grant Consortia.
Filing History
IRS 990 filing history for Maine Space Grant Consortium showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Maine Space Grant Consortium's revenue has grown by 10.2%, moving from $1.7M to $1.8M. Total assets increased by 17.8% over the same period, from $530K to $624K. Total functional expenses rose by 10.4%, from $1.7M to $1.8M. In its most recent filing year (2023), Maine Space Grant Consortium reported a surplus of $9, with revenue exceeding expenses. The organization holds $605K in liabilities against $624K in assets (debt-to-asset ratio: 97.0%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.8M | $624K | $605K | — | View 990 |
| 2022 | $1.5M | $1.5M | $425K | $406K | — | View 990 |
| 2021 | $1.0M | $1.0M | $475K | $457K | — | View 990 |
| 2020 | $1.0M | $1.0M | $250K | $231K | — | View 990 |
| 2019 | $924K | $926K | $218K | $197K | — | View 990 |
| 2018 | $1.0M | $1.0M | $196K | $173K | — | View 990 |
| 2017 | $1.2M | $1.2M | $234K | $209K | — | View 990 |
| 2016 | $1.3M | $1.3M | $444K | $416K | — | View 990 |
| 2015 | $1.1M | $1.1M | $346K | $323K | — | View 990 |
| 2014 | $1.2M | $1.2M | $333K | $313K | — | View 990 |
| 2013 | $1.1M | $1.1M | $239K | $222K | — | View 990 |
| 2012 | $1.7M | $1.7M | $530K | $515K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.8M, and assets of $624K (revenue +22.4% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $425K (revenue +47.5% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.0M, and assets of $475K (revenue -2.3% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.0M, and assets of $250K (revenue +11.9% year-over-year).
- 2019: Revenue of $924K, expenses of $926K, and assets of $218K (revenue -11.4% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $196K (revenue -10.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $234K (revenue -8.5% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $444K (revenue +19.4% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $346K (revenue -9.7% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $333K (revenue +8.2% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $239K (revenue -34.3% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.7M, and assets of $530K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Space Grant Consortium:
Data Sources and Methodology
This transparency report for Maine Space Grant Consortium 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.