Msea Building Associates
Msea Building Associates experiences rapid growth in revenue and assets, accompanied by a substantial increase in liabilities.
EIN: 10416938 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $708K |
| Total Expenses | $278K |
| Program Spending | 80% |
| Net Assets | $91K |
| Transparency Score | 70/100 |
Is Msea Building Associates Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Msea Building Associates directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Msea Building Associates
Msea Building Associates (EIN: 10416938) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $708K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Msea Building Associates's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Msea Building Associates is a small nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $292K |
| Total Expenses | $278K |
| Surplus / Deficit | +$14K |
| Total Assets | $1.4M |
| Total Liabilities | $1.3M |
| Net Assets | $91K |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 93.6% |
| Months of Reserves | 61.6 months |
Financial Health Grade: A
In 2023, Msea Building Associates reported a surplus of $14K with revenue exceeding expenses, holds 61.6 months of operating reserves (strong position), has a debt-to-asset ratio of 93.6% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Msea Building Associates's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.1% | +29.5% | +14.9% |
| 2022 | +110.4% | +163.1% | +440.7% |
| 2021 | -3.1% | -3.2% | +6.6% |
| 2020 | -6.6% | -12.9% | +6.8% |
| 2019 | +13.5% | -6.9% | +2.4% |
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 Msea Building Associates with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Msea Building Associates allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 93.6%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing resources towards the organization's mission.
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 Msea Building Associates's IRS 990 filings:
- Significant and rapid increase in liabilities without clear explanation in the provided data (from $0 in 2020 to $1,336,903 in 2023).
- Unknown NTEE code, hindering comparative analysis with peer organizations.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, making spending efficiency difficult to fully assess.
Strengths
The following positive indicators were identified for Msea Building Associates:
- Consistent 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Significant growth in revenue and assets in recent years, suggesting expanding operations and capacity.
- Generally positive net income in recent periods (e.g., $14,139 in 2023, $13,467 in 2020), demonstrating financial sustainability.
Frequently Asked Questions about Msea Building Associates
Is Msea Building Associates a legitimate charity?
Msea Building Associates (EIN: 10416938) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $708K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Msea Building Associates spend its money?
Msea Building Associates directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Msea Building Associates tax-deductible?
Msea Building Associates is registered as a tax-exempt nonprofit (EIN: 10416938). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Msea Building Associates's spending goes to programs?
Msea Building Associates directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Msea Building Associates located?
Msea Building Associates is headquartered in Augusta, Maine and files with the IRS under EIN 10416938.
How many years of IRS 990 filings does Msea Building Associates have?
Msea Building Associates has 14 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 $708K in total revenue.
What is the nature of the significant increase in liabilities, from $0 in 2020 to $1,336,903 in 2023?
The provided data does not specify the nature of these liabilities, but their rapid growth suggests potential debt financing for asset acquisition or operational expansion.
What are the specific program activities Msea Building Associates engages in?
The NTEE code is unknown, and the provided financial data does not detail specific program activities, making it difficult to assess the direct impact of their spending.
How does the organization manage its cash flow given the fluctuations in revenue and expenses?
While revenue and expenses fluctuate, the organization has generally maintained positive net income in recent years (e.g., $292,281 revenue vs. $278,142 expenses in 2023), suggesting effective management of operational cash flow, despite the growing liabilities.
Filing History
IRS 990 filing history for Msea Building Associates showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Msea Building Associates's revenue has grown by 156.5%, moving from $114K to $292K. Total assets increased by 444.4% over the same period, from $262K to $1.4M. Total functional expenses rose by 143.2%, from $114K to $278K. In its most recent filing year (2023), Msea Building Associates reported a surplus of $14K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $1.4M in assets (debt-to-asset ratio: 93.6%), resulting in net assets of $91K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $292K | $278K | $1.4M | $1.3M | — | — |
| 2022 | $200K | $215K | $1.2M | $1.2M | — | View 990 |
| 2021 | $95K | $82K | $230K | $754 | — | View 990 |
| 2020 | $98K | $84K | $216K | $0 | — | View 990 |
| 2019 | $105K | $97K | $202K | $0 | — | View 990 |
| 2018 | $93K | $104K | $197K | $4K | — | View 990 |
| 2017 | $55K | $104K | $205K | $0 | — | View 990 |
| 2016 | $102K | $99K | $257K | $2K | — | View 990 |
| 2015 | $109K | $104K | $254K | $3K | — | View 990 |
| 2014 | $93K | $107K | $255K | $8K | — | View 990 |
| 2013 | $109K | $100K | $262K | $1K | — | View 990 |
| 2012 | $110K | $103K | $252K | $733 | — | View 990 |
| 2011 | $111K | $121K | $247K | $3K | — | View 990 |
| 2010 | $114K | $114K | $262K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $292K, expenses of $278K, and assets of $1.4M (revenue +46.1% year-over-year).
- 2022: Revenue of $200K, expenses of $215K, and assets of $1.2M (revenue +110.4% year-over-year).
- 2021: Revenue of $95K, expenses of $82K, and assets of $230K (revenue -3.1% year-over-year).
- 2020: Revenue of $98K, expenses of $84K, and assets of $216K (revenue -6.6% year-over-year).
- 2019: Revenue of $105K, expenses of $97K, and assets of $202K (revenue +13.5% year-over-year).
- 2018: Revenue of $93K, expenses of $104K, and assets of $197K (revenue +68.4% year-over-year).
- 2017: Revenue of $55K, expenses of $104K, and assets of $205K (revenue -46.1% year-over-year).
- 2016: Revenue of $102K, expenses of $99K, and assets of $257K (revenue -6.5% year-over-year).
- 2015: Revenue of $109K, expenses of $104K, and assets of $254K (revenue +17.6% year-over-year).
- 2014: Revenue of $93K, expenses of $107K, and assets of $255K (revenue -15.3% year-over-year).
- 2013: Revenue of $109K, expenses of $100K, and assets of $262K (revenue -0.1% year-over-year).
- 2012: Revenue of $110K, expenses of $103K, and assets of $252K (revenue -1.3% year-over-year).
- 2011: Revenue of $111K, expenses of $121K, and assets of $247K (revenue -2.6% year-over-year).
- 2010: Revenue of $114K, expenses of $114K, and assets of $262K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Msea Building Associates:
Data Sources and Methodology
This transparency report for Msea Building Associates 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.