Maurice W & Leila M Forster Trust
Maurice W & Leila M Forster Trust maintains stable assets with zero executive compensation.
EIN: 16036049 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $363K |
| Total Expenses | $18K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $450,000. |
| Net Assets | $451K |
| Transparency Score | 85/100 |
Is Maurice W & Leila M Forster Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maurice W & Leila M Forster Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maurice W & Leila M Forster Trust
Maurice W & Leila M Forster Trust (EIN: 16036049) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $363K and total assets of $446K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maurice W & Leila M Forster Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maurice W & Leila M Forster Trust is a small nonprofit that has been operating for 54 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $18K |
| Surplus / Deficit | +$10K |
| Total Assets | $451K |
| Total Liabilities | $1 |
| Net Assets | $451K |
| Operating Margin | 36.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 305.8 months |
Financial Health Grade: A
In 2023, Maurice W & Leila M Forster Trust reported a surplus of $10K with revenue exceeding expenses, holds 305.8 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), Maurice W & Leila M Forster Trust's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +211.3% | -51.3% | +2.3% |
| 2022 | -52.7% | +24.3% | -5.9% |
| 2021 | -55.0% | +0.8% | -2.2% |
| 2020 | +148.0% | -9.0% | +2.8% |
| 2019 | -54.0% | +25.9% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
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 Maurice W & Leila M Forster Trust 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Maurice W & Leila M Forster Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filings, indicating that no executive salaries are paid, which is highly efficient for a trust of its size with assets around $450,000.
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 Maurice W & Leila M Forster Trust's IRS 990 filings:
- NTEE code is unknown, limiting understanding of specific mission focus.
- Lack of detailed program expense breakdown in provided data.
Strengths
The following positive indicators were identified for Maurice W & Leila M Forster Trust:
- Consistent zero officer compensation across all filings.
- Stable asset base, consistently around $450,000, indicating financial health.
- Low liabilities, often reported as $0 or $1, suggesting strong financial management.
Frequently Asked Questions about Maurice W & Leila M Forster Trust
Is Maurice W & Leila M Forster Trust a legitimate charity?
Maurice W & Leila M Forster Trust (EIN: 16036049) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $363K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Maurice W & Leila M Forster Trust spend its money?
Maurice W & Leila M Forster Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Maurice W & Leila M Forster Trust tax-deductible?
Maurice W & Leila M Forster Trust is registered as a tax-exempt nonprofit (EIN: 16036049). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maurice W & Leila M Forster Trust CEO make?
Maurice W & Leila M Forster Trust's highest-compensated officer earns $450,000. annually. The organization reported $363K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Maurice W & Leila M Forster Trust located?
Maurice W & Leila M Forster Trust is headquartered in Portland, Maine and files with the IRS under EIN 16036049.
How many years of IRS 990 filings does Maurice W & Leila M Forster Trust have?
Maurice W & Leila M Forster Trust 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 $363K in total revenue.
Is Maurice W & Leila M Forster Trust a good charity?
Based on the provided data, the Trust exhibits strong financial stability with consistent assets and zero executive compensation, suggesting efficient use of funds. However, without specific program details, assessing its direct charitable impact is limited.
What is the primary purpose of the Maurice W & Leila M Forster Trust?
While the NTEE code is unknown, the financial pattern of stable assets and fluctuating, relatively low expenses suggests it operates as a private foundation, likely engaging in grant-making activities rather than direct service provision.
How does the Trust manage its expenses relative to its revenue?
The Trust's expenses have sometimes exceeded its revenue (e.g., 202212: Revenue=$8,941, Expenses=$36,341; 202112: Revenue=$18,918, Expenses=$29,247), indicating it draws from its asset base to cover its philanthropic activities and operational costs, which is typical for endowed trusts.
Filing History
IRS 990 filing history for Maurice W & Leila M Forster Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Maurice W & Leila M Forster Trust's revenue has grown by 36%, moving from $20K to $28K. Total assets increased by 4.9% over the same period, from $430K to $451K. Total functional expenses fell by 34.1%, from $27K to $18K. In its most recent filing year (2023), Maurice W & Leila M Forster Trust reported a surplus of $10K, with revenue exceeding expenses. The organization holds $1 in liabilities against $451K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $451K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28K | $18K | $451K | $1 | — | — |
| 2022 | $9K | $36K | $441K | $1 | — | View 990 |
| 2021 | $19K | $29K | $468K | $1 | — | View 990 |
| 2020 | $42K | $29K | $478K | $1 | — | — |
| 2019 | $17K | $32K | $465K | $0 | — | View 990 |
| 2015 | $37K | $25K | $472K | $0 | — | View 990 |
| 2014 | $50K | $28K | $460K | $0 | — | View 990 |
| 2013 | $47K | $30K | $439K | $0 | — | View 990 |
| 2012 | $18K | $27K | $421K | $0 | — | View 990 |
| 2011 | $20K | $27K | $430K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28K, expenses of $18K, and assets of $451K (revenue +211.3% year-over-year).
- 2022: Revenue of $9K, expenses of $36K, and assets of $441K (revenue -52.7% year-over-year).
- 2021: Revenue of $19K, expenses of $29K, and assets of $468K (revenue -55.0% year-over-year).
- 2020: Revenue of $42K, expenses of $29K, and assets of $478K (revenue +148.0% year-over-year).
- 2019: Revenue of $17K, expenses of $32K, and assets of $465K (revenue -54.0% year-over-year).
- 2015: Revenue of $37K, expenses of $25K, and assets of $472K (revenue -26.5% year-over-year).
- 2014: Revenue of $50K, expenses of $28K, and assets of $460K (revenue +5.9% year-over-year).
- 2013: Revenue of $47K, expenses of $30K, and assets of $439K (revenue +161.7% year-over-year).
- 2012: Revenue of $18K, expenses of $27K, and assets of $421K (revenue -11.6% year-over-year).
- 2011: Revenue of $20K, expenses of $27K, and assets of $430K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maurice W & Leila M Forster Trust:
Data Sources and Methodology
This transparency report for Maurice W & Leila M Forster 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.