Mary T & Curtis D Lovill Trust
Mary T & Curtis D Lovill Trust consistently operates at a deficit, drawing down assets to cover expenses.
EIN: 16102905 · Gardiner, ME · Updated: 2026-03-28
Is Mary T & Curtis D Lovill Trust Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mary T & Curtis D Lovill Trust
Mary T & Curtis D Lovill Trust (EIN: 16102905) is a nonprofit organization based in Gardiner, ME. The organization reported total revenue of $191K and total assets of $419K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary T & Curtis D Lovill Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary T & Curtis D Lovill Trust is a small nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 15.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $35K |
| Surplus / Deficit | $-2,543 |
| Total Assets | $405K |
| Total Liabilities | $1 |
| Net Assets | $405K |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 139.1 months |
Financial Health Grade: B
In 2024, Mary T & Curtis D Lovill Trust reported a deficit of $3K with expenses exceeding revenue, holds 139.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Mary T & Curtis D Lovill Trust's revenue has grown at a compound annual growth rate (CAGR) of 15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +121.0% | +4.8% | -0.6% |
| 2023 | -66.8% | -1.7% | -4.4% |
| 2022 | +25.3% | +1.7% | +2.4% |
| 2021 | +99.3% | +14.6% | +0.4% |
| 2020 | +19.2% | -13.8% | -11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Mary T & Curtis D Lovill Trust with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Mary T & Curtis D Lovill Trust allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating no salaries paid to officers, which is typical for a small trust or foundation managed by volunteers or external, non-compensated trustees.
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 Mary T & Curtis D Lovill Trust's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across multiple years, indicating potential asset depletion.
- Lack of clear program service expense reporting, making it difficult to assess charitable impact.
- Unknown NTEE code, hindering understanding of the organization's mission area.
Strengths
The following positive indicators were identified for Mary T & Curtis D Lovill Trust:
- Consistently low liabilities ($1 in most recent filings), indicating minimal debt.
- No reported officer compensation, suggesting low overhead in terms of executive salaries.
- Stable asset base over the long term, despite operational deficits.
Frequently Asked Questions about Mary T & Curtis D Lovill Trust
Is Mary T & Curtis D Lovill Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Mary T & Curtis D Lovill Trust (EIN: 16102905) significant concerns. Mission Score: 30/100. 3 red flags identified, 3 strengths noted.
How does Mary T & Curtis D Lovill Trust spend its money?
Detailed spending breakdown data is not yet available for Mary T & Curtis D Lovill Trust. Check back for updated IRS 990 analysis.
Are donations to Mary T & Curtis D Lovill Trust tax-deductible?
Mary T & Curtis D Lovill Trust is registered as a tax-exempt nonprofit (EIN: 16102905). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary charitable purpose or program of the Mary T & Curtis D Lovill Trust?
Based on the provided data, the specific charitable purpose or program activities are not detailed. The NTEE code is unknown, and there are no explicit program service expenses reported, making it unclear how the trust fulfills its mission.
Why does the trust consistently report expenses exceeding revenue?
The trust consistently reports expenses exceeding revenue (e.g., $34,986 expenses vs. $32,443 revenue in 202406). This indicates that the trust is likely spending more than its annual income, potentially drawing down its principal or relying on accumulated reserves to cover its operational costs.
What constitutes the 'Expenses' reported by the trust, given 0% officer compensation?
Without a detailed breakdown, it's difficult to ascertain. Given the 0% officer compensation, these expenses likely include investment management fees, legal and accounting fees, or potentially grants paid out, though the latter is not explicitly stated as 'program service expenses' in the summary.
Filing History
IRS 990 filing history for Mary T & Curtis D Lovill Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Mary T & Curtis D Lovill Trust's revenue has grown by 461.5%, moving from $6K to $32K. Total assets decreased by 6.1% over the same period, from $432K to $405K. Total functional expenses rose by 20%, from $29K to $35K. In its most recent filing year (2024), Mary T & Curtis D Lovill Trust reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $405K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $405K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $32K | $35K | $405K | $1 | — | View 990 |
| 2023 | $15K | $33K | $408K | $1 | — | — |
| 2022 | $44K | $34K | $427K | $1 | — | View 990 |
| 2021 | $35K | $33K | $417K | $1 | — | View 990 |
| 2020 | $18K | $29K | $415K | $1 | — | — |
| 2016 | $15K | $34K | $467K | $1 | — | View 990 |
| 2015 | $40K | $30K | $497K | $1 | — | View 990 |
| 2014 | $21K | $29K | $527K | $1 | — | View 990 |
| 2013 | $45K | $26K | $475K | $0 | — | View 990 |
| 2012 | $6K | $29K | $432K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $32K, expenses of $35K, and assets of $405K (revenue +121.0% year-over-year).
- 2023: Revenue of $15K, expenses of $33K, and assets of $408K (revenue -66.8% year-over-year).
- 2022: Revenue of $44K, expenses of $34K, and assets of $427K (revenue +25.3% year-over-year).
- 2021: Revenue of $35K, expenses of $33K, and assets of $417K (revenue +99.3% year-over-year).
- 2020: Revenue of $18K, expenses of $29K, and assets of $415K (revenue +19.2% year-over-year).
- 2016: Revenue of $15K, expenses of $34K, and assets of $467K (revenue -63.0% year-over-year).
- 2015: Revenue of $40K, expenses of $30K, and assets of $497K (revenue +86.9% year-over-year).
- 2014: Revenue of $21K, expenses of $29K, and assets of $527K (revenue -52.7% year-over-year).
- 2013: Revenue of $45K, expenses of $26K, and assets of $475K (revenue +685.5% year-over-year).
- 2012: Revenue of $6K, expenses of $29K, and assets of $432K.
Data Sources and Methodology
This transparency report for Mary T & Curtis D Lovill Trust 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.