North Bucksport Foundation
North Bucksport Foundation: Declining Assets and High Expenses Raise Concerns
EIN: 222581891 · Bucksport, ME · Updated: 2026-04-04
About North Bucksport Foundation
North Bucksport Foundation (EIN: 222581891) is a nonprofit organization based in Bucksport, 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 North Bucksport Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Bucksport Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, North Bucksport Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the high total expenses relative to revenue and zero program spending, it warrants further investigation.
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 North Bucksport Foundation's IRS 990 filings:
- Zero reported program service expenses (c0%) across all years, indicating no direct charitable activities.
- Consistent and significant net asset decline from $1,710,861 in 2012 to $715,922 in 2019.
- Total expenses consistently exceed total revenue, suggesting an unsustainable financial model.
- High 'other expenses' (x) relative to revenue, e.g., $138,907 in 2019 against $26,325 revenue.
Strengths
The following positive indicators were identified for North Bucksport Foundation:
- The organization has maintained its legal existence for several years despite financial challenges.
Frequently Asked Questions about North Bucksport Foundation
What does North Bucksport Foundation do?
North Bucksport Foundation is a nonprofit organization in the Unknown sector, located in Bucksport, Maine. It is classified under NTEE code Unknown.
How much revenue does North Bucksport Foundation have?
North Bucksport Foundation reported total revenue of N/A. Based on 9 IRS 990 filings on record.
What are North Bucksport Foundation's total assets?
North Bucksport Foundation holds total assets of N/A as reported in IRS 990 filings.
Where is North Bucksport Foundation located?
North Bucksport Foundation is based in Bucksport, Maine.
What is North Bucksport Foundation's EIN?
North Bucksport Foundation's Employer Identification Number (EIN) is 222581891. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is North Bucksport Foundation?
North Bucksport Foundation is classified under NTEE code Unknown (Unknown).
Is North Bucksport Foundation a registered 501(c)(3)?
North Bucksport Foundation appears in IRS records (EIN: 222581891). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does North Bucksport Foundation file IRS Form 990?
Yes, North Bucksport Foundation has 9 IRS Form 990 filings on record. The most recent covers tax period 201909.
What was North Bucksport Foundation's revenue in 2019?
In the 201909 filing period, North Bucksport Foundation reported total revenue of $26,325, total expenses of $138,907, and net assets of $715,922.
Is North Bucksport Foundation's revenue growing or declining?
North Bucksport Foundation's revenue is declining. Revenue went from $58,934 (201809) to $26,325 (201909), a -55.3% change. Based on 9 filings on record.
What is North Bucksport Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for North Bucksport Foundation covers tax period 201909. It shows revenue of $26,325, expenses of $138,907, total assets of $715,922, and liabilities of $17,200.
Is North Bucksport Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, North Bucksport Foundation shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for North Bucksport Foundation?
The following concerns were identified: Zero reported program service expenses (c0%) across all years, indicating no direct charitable activities.. Consistent and significant net asset decline from $1,710,861 in 2012 to $715,922 in 2019.. Total expenses consistently exceed total revenue, suggesting an unsustainable financial model.. High 'other expenses' (x) relative to revenue, e.g., $138,907 in 2019 against $26,325 revenue.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are North Bucksport Foundation's strengths?
Positive indicators for North Bucksport Foundation include: The organization has maintained its legal existence for several years despite financial challenges.. These findings are derived from AI analysis of the organization's financial filings.
How does North Bucksport Foundation compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the high total expenses relative to revenue and zero program spending, it warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses, what is the actual charitable purpose or activity of the North Bucksport Foundation?
The provided data indicates that all reported expenses are categorized as administrative or fundraising, with no direct program spending. This suggests the foundation may not be actively engaging in direct charitable programs, or its activities are miscategorized.
What specific line items contribute to the consistently high 'other expenses' (x) that significantly outweigh revenue, and how are these expenses justified without any program spending?
Without more detailed financial statements, the exact breakdown of 'other expenses' (e.g., $138,907 in 2019) is unclear. However, their magnitude relative to revenue and the absence of program spending raise questions about operational efficiency and the allocation of funds.
Filing History
IRS 990 filing history for North Bucksport Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), North Bucksport Foundation's revenue has declined by 39.1%, moving from $43K to $26K. Total assets decreased by 59.2% over the same period, from $1.8M to $716K. Total functional expenses fell by 44.9%, from $252K to $139K. In its most recent filing year (2019), North Bucksport Foundation reported a deficit of $113K, with expenses exceeding revenue. The organization holds $17K in liabilities against $716K in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $699K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2019 | $26K | $139K | $716K | $17K | — | View 990 |
| 2018 | $59K | $157K | $760K | $582 | — | View 990 |
| 2017 | $41K | $159K | $916K | $5K | — | View 990 |
| 2016 | $53K | $158K | $1.1M | $11K | — | View 990 |
| 2015 | $138K | $266K | $1.1M | $400 | — | View 990 |
| 2014 | $128K | $308K | $1.4M | $0 | — | View 990 |
| 2013 | $140K | $261K | $1.6M | $0 | — | View 990 |
| 2012 | $83K | $348K | $1.7M | $0 | — | View 990 |
| 2011 | $43K | $252K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $26K, expenses of $139K, and assets of $716K (revenue -55.3% year-over-year).
- 2018: Revenue of $59K, expenses of $157K, and assets of $760K (revenue +42.8% year-over-year).
- 2017: Revenue of $41K, expenses of $159K, and assets of $916K (revenue -22.5% year-over-year).
- 2016: Revenue of $53K, expenses of $158K, and assets of $1.1M (revenue -61.3% year-over-year).
- 2015: Revenue of $138K, expenses of $266K, and assets of $1.1M (revenue +7.8% year-over-year).
- 2014: Revenue of $128K, expenses of $308K, and assets of $1.4M (revenue -8.9% year-over-year).
- 2013: Revenue of $140K, expenses of $261K, and assets of $1.6M (revenue +68.9% year-over-year).
- 2012: Revenue of $83K, expenses of $348K, and assets of $1.7M (revenue +91.6% year-over-year).
- 2011: Revenue of $43K, expenses of $252K, and assets of $1.8M.
Data Sources and Methodology
This transparency report for North Bucksport 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.