Maine State Chamber Of Commerce Education Foundation
EIN: 831165095 · Augusta, ME · NTEE: B90
About Maine State Chamber Of Commerce Education Foundation
Maine State Chamber Of Commerce Education Foundation (EIN: 831165095) is a nonprofit organization based in Augusta, ME, classified under NTEE code B90. The organization reported total revenue of $87K and total assets of $185K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine State Chamber Of Commerce Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Maine State Chamber Of Commerce Education Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maine State Chamber Of Commerce Education Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Maine State Chamber Of Commerce Education Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2006–2024), Maine State Chamber Of Commerce Education Foundation's revenue has declined by 100%, moving from $162K to $1. Total assets decreased by 45.3% over the same period, from $42K to $23K. Total functional expenses fell by 94.2%, from $321K to $19K. In its most recent filing year (2024), Maine State Chamber Of Commerce Education Foundation reported a deficit of $19K, with expenses exceeding revenue. The organization holds $70K in liabilities against $23K in assets (debt-to-asset ratio: 302.2%), resulting in net assets of $-46,835.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1 | $19K | $23K | $70K | — | — |
| 2023 | $6K | $47K | $27K | $55K | — | — |
| 2022 | $58K | $58K | $60K | $47K | — | — |
| 2021 | $163K | $37K | $50K | $38K | — | — |
| 2006 | $162K | $321K | $42K | $159K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $1, expenses of $19K, and assets of $23K (revenue -100.0% year-over-year).
- 2023: Revenue of $6K, expenses of $47K, and assets of $27K (revenue -90.2% year-over-year).
- 2022: Revenue of $58K, expenses of $58K, and assets of $60K (revenue -64.3% year-over-year).
- 2021: Revenue of $163K, expenses of $37K, and assets of $50K (revenue +0.5% year-over-year).
- 2006: Revenue of $162K, expenses of $321K, and assets of $42K.
Data Sources and Methodology
This transparency report for Maine State Chamber Of Commerce Education Foundation 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.