Mark And Emily Turner Memorial Library Charitable Tr
Mark And Emily Turner Memorial Library Charitable Tr shows fluctuating finances, zero executive compensation, and a recent report of $0 assets and revenue.
EIN: 16149025 · Presque Isle, ME · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $19K |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 65/100 |
Is Mark And Emily Turner Memorial Library Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mark And Emily Turner Memorial Library Charitable Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mark And Emily Turner Memorial Library Charitable Tr
Mark And Emily Turner Memorial Library Charitable Tr (EIN: 16149025) is a nonprofit organization based in Presque Isle, ME, classified under NTEE code P20. 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 Mark And Emily Turner Memorial Library Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mark And Emily Turner Memorial Library Charitable Tr is a micro nonprofit that has been operating for 28 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $19K |
| Surplus / Deficit | +$45K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 70.4% |
| Months of Reserves | 674.4 months |
Financial Health Grade: A
In 2017, Mark And Emily Turner Memorial Library Charitable Tr reported a surplus of $45K with revenue exceeding expenses, holds 674.4 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2011–2017), Mark And Emily Turner Memorial Library Charitable Tr's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +42.3% | -69.1% | +13.0% |
| 2016 | +151.7% | -49.7% | +1.1% |
| 2015 | -85.9% | -86.8% | -10.0% |
| 2014 | -93.0% | -22.6% | -43.3% |
| 2013 | +498.8% | +1776.3% | +56.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Mark And Emily Turner Memorial Library Charitable Tr 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Mark And Emily Turner Memorial Library Charitable Tr allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 surplus of $45K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization, which is highly favorable for minimizing administrative overhead.
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 Mark And Emily Turner Memorial Library Charitable Tr's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, which is a significant and unexplained change from prior years' substantial assets.
- Significant deficits in certain years (e.g., 2014: Revenue $127,930 vs. Expenses $927,165) indicate potential financial instability or reliance on prior year reserves.
- Highly volatile revenue streams make long-term financial planning and program delivery unpredictable.
Strengths
The following positive indicators were identified for Mark And Emily Turner Memorial Library Charitable Tr:
- Consistently reports $0 in officer compensation, indicating efficient use of funds at the executive level.
- Consistently reports $0 in liabilities, suggesting a debt-free financial position.
- Maintains substantial assets in most reporting periods (e.g., $1,074,392 in 2017), indicating a strong financial base prior to the latest reported period.
Frequently Asked Questions about Mark And Emily Turner Memorial Library Charitable Tr
Is Mark And Emily Turner Memorial Library Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Mark And Emily Turner Memorial Library Charitable Tr (EIN: 16149025) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Mark And Emily Turner Memorial Library Charitable Tr spend its money?
Mark And Emily Turner Memorial Library Charitable Tr directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mark And Emily Turner Memorial Library Charitable Tr tax-deductible?
Mark And Emily Turner Memorial Library Charitable Tr is registered as a tax-exempt nonprofit (EIN: 16149025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mark And Emily Turner Memorial Library Charitable Tr's spending goes to programs?
Mark And Emily Turner Memorial Library Charitable Tr directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mark And Emily Turner Memorial Library Charitable Tr compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mark And Emily Turner Memorial Library Charitable Tr is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mark And Emily Turner Memorial Library Charitable Tr located?
Mark And Emily Turner Memorial Library Charitable Tr is headquartered in Presque Isle, Maine and files with the IRS under EIN 16149025. It is classified under NTEE code P20.
How many years of IRS 990 filings does Mark And Emily Turner Memorial Library Charitable Tr have?
Mark And Emily Turner Memorial Library Charitable Tr has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why does the latest filing show $0 in both revenue and assets, a significant departure from previous years?
The latest filing (most recent period not specified, but implied by 'Latest Revenue: $0, Assets: $0') indicates a complete cessation of financial activity or a reporting anomaly, as previous years consistently showed substantial assets (e.g., $1,074,392 in 2017) and varying revenues.
What caused the large expense of $927,165 in 2014 compared to revenue of $127,930?
In 2014, the organization incurred expenses significantly higher than its revenue, leading to a substantial deficit. Without further detail, it's unclear if this was due to a major capital project, a large one-time program expense, or an operational shortfall.
How does the organization sustain its operations with such volatile revenue streams?
The organization's revenue has varied wildly, from $18,008 in 2015 to $1,815,631 in 2013. This volatility suggests reliance on unpredictable funding sources, potentially large grants or investment returns, which could impact long-term stability.
Filing History
IRS 990 filing history for Mark And Emily Turner Memorial Library Charitable Tr showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Mark And Emily Turner Memorial Library Charitable Tr's revenue has grown by 74.6%, moving from $37K to $65K. Total assets increased by 20.7% over the same period, from $890K to $1.1M. Total functional expenses fell by 88.1%, from $161K to $19K. In its most recent filing year (2017), Mark And Emily Turner Memorial Library Charitable Tr reported a surplus of $45K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $65K | $19K | $1.1M | $0 | — | View 990 |
| 2016 | $45K | $62K | $950K | $0 | — | View 990 |
| 2015 | $18K | $123K | $940K | $0 | — | View 990 |
| 2014 | $128K | $927K | $1.0M | $0 | — | View 990 |
| 2013 | $1.8M | $1.2M | $1.8M | $0 | — | View 990 |
| 2012 | $303K | $64K | $1.2M | $0 | — | View 990 |
| 2011 | $37K | $161K | $890K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $65K, expenses of $19K, and assets of $1.1M (revenue +42.3% year-over-year).
- 2016: Revenue of $45K, expenses of $62K, and assets of $950K (revenue +151.7% year-over-year).
- 2015: Revenue of $18K, expenses of $123K, and assets of $940K (revenue -85.9% year-over-year).
- 2014: Revenue of $128K, expenses of $927K, and assets of $1.0M (revenue -93.0% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.2M, and assets of $1.8M (revenue +498.8% year-over-year).
- 2012: Revenue of $303K, expenses of $64K, and assets of $1.2M (revenue +720.8% year-over-year).
- 2011: Revenue of $37K, expenses of $161K, and assets of $890K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mark And Emily Turner Memorial Library Charitable Tr:
Data Sources and Methodology
This transparency report for Mark And Emily Turner Memorial Library Charitable Tr 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.