Maranacook Education Foundation
Maranacook Education Foundation shows fluctuating revenue and expenses, with recent $0 revenue and assets.
EIN: 204605168 · Readfield, ME · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $19K |
| Program Spending | 85% |
| Net Assets | $142K |
| Transparency Score | 70/100 |
Is Maranacook Education Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maranacook Education Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maranacook Education Foundation
Maranacook Education Foundation (EIN: 204605168) is a nonprofit organization based in Readfield, ME, classified under NTEE code B12. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maranacook Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maranacook Education Foundation is a micro nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $19K |
| Surplus / Deficit | $-8,998 |
| Total Assets | $142K |
| Net Assets | $142K |
| Operating Margin | -93.6% |
| Months of Reserves | 91.8 months |
Financial Health Grade: B
In 2018, Maranacook Education Foundation reported a deficit of $9K with expenses exceeding revenue, holds 91.8 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2011–2018), Maranacook Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -92.6% | +126.0% | -5.9% |
| 2017 | +695.6% | +0.5% | +417.1% |
| 2016 | +35.6% | -1.0% | +38.8% |
| 2015 | +22.6% | +31.7% | +22.0% |
| 2014 | +15.5% | +47.7% | +26.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Maranacook Education Foundation with a Mission Score of 70 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Maranacook Education Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an organization of its 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 Maranacook Education Foundation's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, raising concerns about current operational status.
- Significant year-over-year revenue volatility (e.g., $130,298 in 2017 to $9,617 in 2018).
- Expenses exceeded revenue in 2018 ($18,615 expenses vs. $9,617 revenue), indicating a deficit.
Strengths
The following positive indicators were identified for Maranacook Education Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient leadership costs.
- Maintained zero liabilities across all reported periods, demonstrating financial prudence.
- Long filing history (8 filings) suggests consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Maranacook Education Foundation
Is Maranacook Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Maranacook Education Foundation (EIN: 204605168) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Maranacook Education Foundation spend its money?
Maranacook Education Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maranacook Education Foundation tax-deductible?
Maranacook Education Foundation is registered as a tax-exempt nonprofit (EIN: 204605168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Maranacook Education Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Maranacook Education Foundation is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maranacook Education Foundation located?
Maranacook Education Foundation is headquartered in Readfield, Maine and files with the IRS under EIN 204605168. It is classified under NTEE code B12.
How many years of IRS 990 filings does Maranacook Education Foundation have?
Maranacook Education Foundation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the significant drop in revenue from $130,298 in 2017 to $9,617 in 2018?
The IRS 990 filings do not provide narrative explanations for such fluctuations. This would require reviewing the organization's internal records or contacting them directly.
Why are the latest reported revenue and assets both $0?
A $0 revenue and asset report could indicate a period of dormancy, a change in operational status, or potentially an error in the latest filing. Further investigation into the organization's current activities is needed.
How does the organization manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is likely run by volunteers or that any paid staff are not classified as officers, which is a highly cost-effective model for a small foundation.
What is the specific breakdown of expenses (program vs. administrative) for years where expenses were reported?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. A full review of the IRS 990 forms would be necessary to determine this.
Filing History
IRS 990 filing history for Maranacook Education Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Maranacook Education Foundation's revenue has grown by 46.2%, moving from $7K to $10K. Total assets increased by 1861.8% over the same period, from $7K to $142K. Total functional expenses rose by 1103.3%, from $2K to $19K. In its most recent filing year (2018), Maranacook Education Foundation reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $10K | $19K | $142K | $0 | — | View 990 |
| 2017 | $130K | $8K | $151K | $0 | — | View 990 |
| 2016 | $16K | $8K | $29K | $0 | — | View 990 |
| 2015 | $12K | $8K | $21K | $0 | — | View 990 |
| 2014 | $10K | $6K | $17K | $0 | — | View 990 |
| 2013 | $9K | $4K | $14K | $0 | — | View 990 |
| 2012 | $8K | $5K | $9K | $0 | — | View 990 |
| 2011 | $7K | $2K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $10K, expenses of $19K, and assets of $142K (revenue -92.6% year-over-year).
- 2017: Revenue of $130K, expenses of $8K, and assets of $151K (revenue +695.6% year-over-year).
- 2016: Revenue of $16K, expenses of $8K, and assets of $29K (revenue +35.6% year-over-year).
- 2015: Revenue of $12K, expenses of $8K, and assets of $21K (revenue +22.6% year-over-year).
- 2014: Revenue of $10K, expenses of $6K, and assets of $17K (revenue +15.5% year-over-year).
- 2013: Revenue of $9K, expenses of $4K, and assets of $14K (revenue +11.2% year-over-year).
- 2012: Revenue of $8K, expenses of $5K, and assets of $9K (revenue +16.6% year-over-year).
- 2011: Revenue of $7K, expenses of $2K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maranacook Education Foundation:
Data Sources and Methodology
This transparency report for Maranacook 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.