Mascoma Savings Bank Foundation
Mascoma Savings Bank Foundation: Strong Asset Growth, Consistent Giving
EIN: 222816632 · Lebanon, NH · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $470K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $6.7M |
| Transparency Score | 85/100 |
Is Mascoma Savings Bank Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mascoma Savings Bank Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mascoma Savings Bank Foundation
Mascoma Savings Bank Foundation (EIN: 222816632) is a nonprofit organization based in Lebanon, NH. The organization reported total revenue of $1.1M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mascoma Savings Bank Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mascoma Savings Bank Foundation is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $770K |
| Total Expenses | $470K |
| Surplus / Deficit | +$300K |
| Total Assets | $6.7M |
| Total Liabilities | $1 |
| Net Assets | $6.7M |
| Operating Margin | 38.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 171.1 months |
Financial Health Grade: A
In 2023, Mascoma Savings Bank Foundation reported a surplus of $300K with revenue exceeding expenses, holds 171.1 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 (2011–2023), Mascoma Savings Bank Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.0% | -5.6% | +4.5% |
| 2022 | -40.8% | +10.4% | +0.2% |
| 2021 | +201.7% | -21.9% | +7.0% |
| 2020 | -56.6% | +49.5% | -4.7% |
| 2019 | +132.4% | +2.4% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Mascoma Savings Bank Foundation with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mascoma Savings Bank Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $300K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer or bank-supported administrative model.
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 Mascoma Savings Bank Foundation:
- Consistent asset growth over the past decade, indicating strong financial management.
- Zero reported executive compensation and lobbying expenses, suggesting efficient use of funds for programs.
- Stable revenue streams and expenditures, demonstrating predictable operational capacity.
- Clear and consistent financial reporting across multiple years.
Frequently Asked Questions about Mascoma Savings Bank Foundation
Is Mascoma Savings Bank Foundation a legitimate charity?
Mascoma Savings Bank Foundation (EIN: 222816632) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Mascoma Savings Bank Foundation spend its money?
Mascoma Savings Bank Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mascoma Savings Bank Foundation tax-deductible?
Mascoma Savings Bank Foundation is registered as a tax-exempt nonprofit (EIN: 222816632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mascoma Savings Bank Foundation CEO make?
Mascoma Savings Bank Foundation's highest-compensated officer earns $0 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mascoma Savings Bank Foundation's spending goes to programs?
Mascoma Savings Bank Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mascoma Savings Bank Foundation located?
Mascoma Savings Bank Foundation is headquartered in Lebanon, New Hampshire and files with the IRS under EIN 222816632.
How many years of IRS 990 filings does Mascoma Savings Bank Foundation have?
Mascoma Savings Bank Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
What does Mascoma Savings Bank Foundation do?
Mascoma Savings Bank Foundation is a nonprofit organization in the Unknown sector, located in Lebanon, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Mascoma Savings Bank Foundation have?
Mascoma Savings Bank Foundation reported total revenue of $1,074,604. Based on 10 IRS 990 filings on record.
What are Mascoma Savings Bank Foundation's total assets?
Mascoma Savings Bank Foundation holds total assets of $6,745,057 as reported in IRS 990 filings.
Where is Mascoma Savings Bank Foundation located?
Mascoma Savings Bank Foundation is based in Lebanon, New Hampshire.
What is Mascoma Savings Bank Foundation's EIN?
Mascoma Savings Bank Foundation's Employer Identification Number (EIN) is 222816632. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mascoma Savings Bank Foundation?
Mascoma Savings Bank Foundation is classified under NTEE code Unknown (Unknown).
Is Mascoma Savings Bank Foundation a registered 501(c)(3)?
Mascoma Savings Bank Foundation appears in IRS records (EIN: 222816632). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mascoma Savings Bank Foundation file IRS Form 990?
Yes, Mascoma Savings Bank Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mascoma Savings Bank Foundation's revenue in 2023?
In the 202312 filing period, Mascoma Savings Bank Foundation reported total revenue of $769,992, total expenses of $470,239, and net assets of $6,705,521.
Is Mascoma Savings Bank Foundation's revenue growing or declining?
Mascoma Savings Bank Foundation's revenue is growing. Revenue went from $516,886 (202212) to $769,992 (202312), a +49.0% change. Based on 10 filings on record.
What is Mascoma Savings Bank Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Mascoma Savings Bank Foundation covers tax period 202312. It shows revenue of $769,992, expenses of $470,239, total assets of $6,705,521, and liabilities of $1.
How much does Mascoma Savings Bank Foundation spend on programs vs administration?
Based on IRS 990 analysis, Mascoma Savings Bank Foundation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Mascoma Savings Bank Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Mascoma Savings Bank Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Mascoma Savings Bank Foundation's strengths?
Positive indicators for Mascoma Savings Bank Foundation include: Consistent asset growth over the past decade, indicating strong financial management.. Zero reported executive compensation and lobbying expenses, suggesting efficient use of funds for programs.. Stable revenue streams and expenditures, demonstrating predictable operational capacity.. Clear and consistent financial reporting across multiple years.. These findings are derived from AI analysis of the organization's financial filings.
How does Mascoma Savings Bank Foundation compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer or bank-supported administrative model. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does the foundation manage its administrative and operational tasks?
The foundation likely leverages resources and personnel from Mascoma Savings Bank, its parent organization, to handle administrative and operational tasks without direct compensation from the foundation's funds, allowing more resources to be directed towards programs.
What is the primary source of the foundation's revenue, and how does it impact its grant-making capacity?
While specific revenue sources aren't detailed in the provided data, the consistent 'r' (revenue) figures, alongside the 'Mascoma Savings Bank Foundation' name, suggest primary funding likely comes from the bank itself or its related entities. This stable funding allows for consistent grant-making, as evidenced by the sustained expenditures ('x') over the years.
Filing History
IRS 990 filing history for Mascoma Savings Bank Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mascoma Savings Bank Foundation's revenue has grown by 99%, moving from $387K to $770K. Total assets increased by 66.7% over the same period, from $4.0M to $6.7M. Total functional expenses rose by 110.4%, from $224K to $470K. In its most recent filing year (2023), Mascoma Savings Bank Foundation reported a surplus of $300K, with revenue exceeding expenses. The organization holds $1 in liabilities against $6.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $770K | $470K | $6.7M | $1 | — | — |
| 2022 | $517K | $498K | $6.4M | $1 | — | View 990 |
| 2021 | $873K | $451K | $6.4M | $1 | — | View 990 |
| 2020 | $289K | $578K | $6.0M | $1 | — | — |
| 2019 | $666K | $386K | $6.3M | $0 | — | View 990 |
| 2015 | $287K | $377K | $5.5M | $0 | — | View 990 |
| 2014 | $284K | $305K | $5.6M | $0 | — | View 990 |
| 2013 | $1.7M | $296K | $5.6M | $0 | — | View 990 |
| 2012 | $463K | $254K | $4.2M | $0 | — | View 990 |
| 2011 | $387K | $224K | $4.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $770K, expenses of $470K, and assets of $6.7M (revenue +49.0% year-over-year).
- 2022: Revenue of $517K, expenses of $498K, and assets of $6.4M (revenue -40.8% year-over-year).
- 2021: Revenue of $873K, expenses of $451K, and assets of $6.4M (revenue +201.7% year-over-year).
- 2020: Revenue of $289K, expenses of $578K, and assets of $6.0M (revenue -56.6% year-over-year).
- 2019: Revenue of $666K, expenses of $386K, and assets of $6.3M (revenue +132.4% year-over-year).
- 2015: Revenue of $287K, expenses of $377K, and assets of $5.5M (revenue +1.1% year-over-year).
- 2014: Revenue of $284K, expenses of $305K, and assets of $5.6M (revenue -82.9% year-over-year).
- 2013: Revenue of $1.7M, expenses of $296K, and assets of $5.6M (revenue +258.4% year-over-year).
- 2012: Revenue of $463K, expenses of $254K, and assets of $4.2M (revenue +19.6% year-over-year).
- 2011: Revenue of $387K, expenses of $224K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mascoma Savings Bank Foundation:
Data Sources and Methodology
This transparency report for Mascoma Savings Bank 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.