Melvin H Simmons Trust
Melvin H Simmons Trust maintains stable assets with consistent expenses and no officer compensation.
EIN: 16040875 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $484K |
| Total Expenses | $66K |
| Program Spending | 80% |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Melvin H Simmons Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Melvin H Simmons Trust directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Melvin H Simmons Trust
Melvin H Simmons Trust (EIN: 16040875) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $484K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Melvin H Simmons Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Melvin H Simmons Trust is a small nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $66K |
| Surplus / Deficit | $-16,461 |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -33.1% |
| Months of Reserves | 226.7 months |
Financial Health Grade: B
In 2024, Melvin H Simmons Trust reported a deficit of $16K with expenses exceeding revenue, holds 226.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Melvin H Simmons Trust's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -22.8% | +0.4% | -1.3% |
| 2023 | -32.8% | -12.7% | -0.3% |
| 2022 | +36.4% | +19.8% | +1.5% |
| 2021 | +265.7% | -4.0% | +0.3% |
| 2020 | -74.6% | +1.2% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
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 Melvin H Simmons Trust with a Mission Score of 75 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Melvin H Simmons Trust allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
Executive Compensation Analysis
There is no reported officer compensation across all 13 filings, indicating that the trust's fiduciaries are either unpaid or compensation is embedded within other administrative expenses, which is a positive sign for resource allocation.
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 Melvin H Simmons Trust's IRS 990 filings:
- Lack of detailed expense breakdown to assess program efficiency
- NTEE code is unknown, obscuring the specific mission area
Strengths
The following positive indicators were identified for Melvin H Simmons Trust:
- Consistent filing of IRS Form 990s demonstrates transparency
- Stable asset base (around $1.2M - $1.3M) indicates financial stability
- No reported liabilities across all filings, suggesting strong financial health
- Zero reported officer compensation, indicating efficient use of funds for leadership
Frequently Asked Questions about Melvin H Simmons Trust
Is Melvin H Simmons Trust a legitimate charity?
Melvin H Simmons Trust (EIN: 16040875) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $484K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Melvin H Simmons Trust spend its money?
Melvin H Simmons Trust directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Melvin H Simmons Trust tax-deductible?
Melvin H Simmons Trust is registered as a tax-exempt nonprofit (EIN: 16040875). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Melvin H Simmons Trust located?
Melvin H Simmons Trust is headquartered in Augusta, Maine and files with the IRS under EIN 16040875.
How many years of IRS 990 filings does Melvin H Simmons Trust have?
Melvin H Simmons Trust has 13 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 $484K in total revenue.
What is the specific charitable purpose of the Melvin H Simmons Trust?
The provided data does not specify the trust's exact charitable purpose or NTEE code, making it difficult to assess its mission alignment.
How are the annual expenses (e.g., $66,125 in 2024) allocated between program services and administrative costs?
The provided data only gives total expenses, not a detailed breakdown between program and administrative spending, which limits a full assessment of spending efficiency.
Who manages the trust, given there is no reported officer compensation?
The absence of officer compensation suggests management by unpaid fiduciaries or through contracted services, but the specific individuals or entities are not disclosed in the provided data.
What is the source of the trust's revenue, which fluctuates significantly year-to-year?
The fluctuating revenue (e.g., $19,200 in 2020 vs. $142,763 in 2016) likely comes from investment income, but the specific types of investments are not detailed in the provided data.
Filing History
IRS 990 filing history for Melvin H Simmons Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Melvin H Simmons Trust's revenue has grown by 1.6%, moving from $49K to $50K. Total assets increased by 12.8% over the same period, from $1.1M to $1.2M. Total functional expenses rose by 8%, from $61K to $66K. In its most recent filing year (2024), Melvin H Simmons Trust reported a deficit of $16K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $50K | $66K | $1.2M | $0 | — | — |
| 2023 | $64K | $66K | $1.3M | $0 | — | View 990 |
| 2022 | $96K | $75K | $1.3M | $0 | — | View 990 |
| 2021 | $70K | $63K | $1.3M | $0 | — | — |
| 2020 | $19K | $66K | $1.2M | $0 | — | View 990 |
| 2019 | $76K | $65K | $1.3M | $0 | — | View 990 |
| 2018 | $88K | $65K | $1.3M | $0 | — | View 990 |
| 2017 | $77K | $63K | $1.3M | $0 | — | View 990 |
| 2016 | $143K | $66K | $1.2M | $0 | — | View 990 |
| 2015 | $140K | $68K | $1.2M | $0 | — | View 990 |
| 2014 | $50K | $62K | $1.1M | $0 | — | View 990 |
| 2013 | $58K | $60K | $1.1M | $0 | — | View 990 |
| 2012 | $49K | $61K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $50K, expenses of $66K, and assets of $1.2M (revenue -22.8% year-over-year).
- 2023: Revenue of $64K, expenses of $66K, and assets of $1.3M (revenue -32.8% year-over-year).
- 2022: Revenue of $96K, expenses of $75K, and assets of $1.3M (revenue +36.4% year-over-year).
- 2021: Revenue of $70K, expenses of $63K, and assets of $1.3M (revenue +265.7% year-over-year).
- 2020: Revenue of $19K, expenses of $66K, and assets of $1.2M (revenue -74.6% year-over-year).
- 2019: Revenue of $76K, expenses of $65K, and assets of $1.3M (revenue -13.9% year-over-year).
- 2018: Revenue of $88K, expenses of $65K, and assets of $1.3M (revenue +13.9% year-over-year).
- 2017: Revenue of $77K, expenses of $63K, and assets of $1.3M (revenue -45.9% year-over-year).
- 2016: Revenue of $143K, expenses of $66K, and assets of $1.2M (revenue +2.1% year-over-year).
- 2015: Revenue of $140K, expenses of $68K, and assets of $1.2M (revenue +177.4% year-over-year).
- 2014: Revenue of $50K, expenses of $62K, and assets of $1.1M (revenue -12.4% year-over-year).
- 2013: Revenue of $58K, expenses of $60K, and assets of $1.1M (revenue +17.6% year-over-year).
- 2012: Revenue of $49K, expenses of $61K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Melvin H Simmons Trust:
Data Sources and Methodology
This transparency report for Melvin H Simmons 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.