Maine Standardbred Breeders & Owners Association
Maine Standardbred Breeders & Owners Association operates with 100% program spending and no officer compensation.
EIN: 10455296 · Randolph, ME · NTEE: N69 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $196K |
| Total Expenses | $93K |
| Program Spending | 100% |
| Net Assets | $117K |
| Transparency Score | 95/100 |
Is Maine Standardbred Breeders & Owners Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Standardbred Breeders & Owners Association directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Standardbred Breeders & Owners Association
Maine Standardbred Breeders & Owners Association (EIN: 10455296) is a nonprofit organization based in Randolph, ME, classified under NTEE code N69. The organization reported total revenue of $196K and total assets of $137K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Standardbred Breeders & Owners Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Standardbred Breeders & Owners Association is a small nonprofit that has been operating for 1 years.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $73K |
| Total Expenses | $93K |
| Surplus / Deficit | $-19,765 |
| Total Assets | $117K |
| Net Assets | $117K |
| Operating Margin | -26.9% |
| Months of Reserves | 15.1 months |
Financial Health Grade: B
In 2017, Maine Standardbred Breeders & Owners Association reported a deficit of $20K with expenses exceeding revenue, holds 15.1 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2025 |
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 Standardbred Breeders & Owners Association with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Maine Standardbred Breeders & Owners Association allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reported 0% officer compensation in its 2017 filing, indicating that its leadership is likely volunteer-based, which is common for smaller nonprofits and demonstrates a commitment to directing all funds to its mission.
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 Standardbred Breeders & Owners Association:
- 100% of expenses allocated to program services in 2017, indicating high efficiency.
- No officer compensation reported in 2017, suggesting volunteer leadership and low overhead.
- No liabilities reported in 2017, indicating a healthy balance sheet.
- Assets grew from $117,468 in 2017 to $136,557 in the latest period, showing financial stability.
Frequently Asked Questions about Maine Standardbred Breeders & Owners Association
Is Maine Standardbred Breeders & Owners Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Standardbred Breeders & Owners Association (EIN: 10455296) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Maine Standardbred Breeders & Owners Association spend its money?
Maine Standardbred Breeders & Owners Association directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Standardbred Breeders & Owners Association tax-deductible?
Maine Standardbred Breeders & Owners Association is registered as a tax-exempt nonprofit (EIN: 10455296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Maine Standardbred Breeders & Owners Association compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Maine Standardbred Breeders & Owners Association is above average for NTEE category N69 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Standardbred Breeders & Owners Association located?
Maine Standardbred Breeders & Owners Association is headquartered in Randolph, Maine and files with the IRS under EIN 10455296. It is classified under NTEE code N69.
Is Maine Standardbred Breeders & Owners Association a good charity?
Based on the 2017 IRS 990 data, the organization appears to be a very good charity in terms of efficiency and program focus, allocating 100% of its expenses to program services and reporting no officer compensation. This suggests a strong commitment to its mission.
How does the organization fund its operations given the 2017 deficit?
In 2017, the organization's expenses ($93,222) exceeded its revenue ($73,457). This deficit was likely covered by drawing down on prior year reserves or through other unreported income streams, as assets still increased by the latest period.
Filing History
IRS 990 filing history for Maine Standardbred Breeders & Owners Association showing financial trends over 1 year of public records:
In its most recent filing year (2017), Maine Standardbred Breeders & Owners Association reported a deficit of $20K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $73K | $93K | $117K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Standardbred Breeders & Owners Association:
Data Sources and Methodology
This transparency report for Maine Standardbred Breeders & Owners 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.