Milbridge Historical Society

Milbridge Historical Society shows stable finances and no officer compensation in 2011-2012, but current financial status is unclear.

EIN: 10454002 · Milbridge, ME · Updated: 2026-03-28

$0Revenue

$0Assets

80/100Mission Score (Excellent)

About Milbridge Historical Society

Milbridge Historical Society (EIN: 10454002) is a nonprofit organization based in Milbridge, ME. 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 Milbridge Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Milbridge Historical Society appears to be a small, community-focused organization with a stable financial history based on its available IRS 990 data. In 2012, it reported revenues of $8,989 and expenses of $8,280, while in 2011, revenues were $10,348 against expenses of $9,287. These figures indicate that the organization consistently spent slightly less than it brought in, allowing for modest asset growth. Its assets were substantial for its revenue size, at $245,511 in 2012 and $244,802 in 2011, with no reported liabilities, suggesting a strong balance sheet and financial stability.

The organization demonstrates good spending efficiency, as it reported 0% officer compensation in both periods, indicating that its leadership is likely volunteer-based or very modestly compensated, allowing more funds to be directed towards its mission. While specific program spending details are not available from the provided summary, the low overall expenses relative to assets and the lack of liabilities point to a well-managed, lean operation. The absence of revenue and assets in the latest data point is concerning and suggests a potential lapse in reporting or a significant change in operational status, which would warrant further investigation for a complete financial picture.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Milbridge Historical Society with a Mission Score of 80 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: 85%
fundraising: 5%

According to IRS 990 filings, Milbridge Historical Society allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation was reported as 0% in both 2011 and 2012, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for an organization of its size.

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 Milbridge Historical Society's IRS 990 filings:

Latest reported revenue and assets are $0, indicating a potential lapse in reporting or significant operational change.

Strengths

The following positive indicators were identified for Milbridge Historical Society:

Consistent positive net income in 2011 and 2012, with revenues exceeding expenses.
Strong asset base ($245,511 in 2012) relative to annual expenses, indicating financial stability.
No reported liabilities in 2011 and 2012, suggesting a healthy balance sheet.
0% officer compensation in 2011 and 2012, demonstrating efficient use of funds and likely volunteer leadership.

Frequently Asked Questions about Milbridge Historical Society

What is the current operational status of the Milbridge Historical Society given the latest reported $0 revenue and assets?

The latest data showing $0 revenue and assets is a significant change from previous years and raises questions about the organization's current operational status. It could indicate a reporting error, a period of inactivity, or a significant restructuring. Further investigation into more recent filings or direct contact with the organization would be necessary to understand this discrepancy.

How does the Milbridge Historical Society fund its operations without significant annual revenue?

Based on the 2011-2012 data, the organization had modest annual revenues ($8,989-$10,348) which covered its expenses ($8,280-$9,287). The substantial assets ($244,802-$245,511) suggest it may rely on endowments, investments, or past capital campaigns to maintain its long-term stability, rather than solely on annual fundraising.

What are the specific programs and activities supported by the Milbridge Historical Society?

The provided IRS 990 summary data does not detail specific programs. As a historical society, typical activities would include maintaining historical archives, operating a museum, educational outreach, and preserving local heritage. Further review of their full 990 forms or website would be needed for specifics.

Filing History

IRS 990 filing history for Milbridge Historical Society showing financial trends over 2 years of public records:

Over 2 years of IRS 990 filings (2011–2012), Milbridge Historical Society's revenue has declined by 13.1%, moving from $10K to $9K. Total assets increased by 0.3% over the same period, from $245K to $246K. Total functional expenses fell by 10.8%, from $9K to $8K. In its most recent filing year (2012), Milbridge Historical Society reported a surplus of $709, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2012	$9K	$8K	$246K	$0	—	View 990
2011	$10K	$9K	$245K	$0	—	View 990

Data Sources and Methodology

This transparency report for Milbridge Historical Society 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.