North Haven Foundation
North Haven Foundation consistently grows assets with zero liabilities and no reported officer compensation.
EIN: 16022839 · Rockland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $315K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.8M |
| Transparency Score | 90/100 |
Is North Haven Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Haven Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Haven Foundation
North Haven Foundation (EIN: 16022839) is a nonprofit organization based in Rockland, ME. The organization reported total revenue of $1.1M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Haven Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Haven Foundation is a mid-size nonprofit that has been operating for 59 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $422K |
| Total Expenses | $315K |
| Surplus / Deficit | +$107K |
| Total Assets | $5.8M |
| Net Assets | $5.8M |
| Operating Margin | 25.4% |
| Months of Reserves | 219.9 months |
Financial Health Grade: A
In 2024, North Haven Foundation reported a surplus of $107K with revenue exceeding expenses, holds 219.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), North Haven Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -24.5% | +24.2% | +9.0% |
| 2023 | -10.0% | +9.9% | +8.9% |
| 2022 | +15.8% | +65.6% | -11.7% |
| 2021 | +55.7% | -10.4% | +28.6% |
| 2020 | -36.0% | +3.1% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1967 |
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 North Haven Foundation with a Mission Score of 90 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, North Haven Foundation 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $107K, with revenue exceeding expenses.
Executive Compensation Analysis
The North Haven Foundation consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with assets exceeding $5 million. This suggests either a fully volunteer leadership or compensation structured in a way not reported as officer compensation, warranting further investigation for complete transparency.
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 Haven Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data
- Unusual 0% officer compensation reported, which may obscure full compensation practices if key personnel are compensated through other means
Strengths
The following positive indicators were identified for North Haven Foundation:
- Consistent asset growth, from $3.15M in 2015 to $5.77M in 2024
- Zero liabilities reported across all filings, indicating strong financial stability
- Expenses consistently well below revenue, demonstrating efficient financial management
- No reported officer compensation, suggesting high dedication or volunteer leadership
Frequently Asked Questions about North Haven Foundation
Is North Haven Foundation a legitimate charity?
North Haven Foundation (EIN: 16022839) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does North Haven Foundation spend its money?
North Haven Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to North Haven Foundation tax-deductible?
North Haven Foundation is registered as a tax-exempt nonprofit (EIN: 16022839). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the North Haven Foundation CEO make?
North Haven Foundation's highest-compensated officer earns $5 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of North Haven Foundation's spending goes to programs?
North Haven Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is North Haven Foundation located?
North Haven Foundation is headquartered in Rockland, Maine and files with the IRS under EIN 16022839.
How many years of IRS 990 filings does North Haven Foundation have?
North Haven Foundation 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 $1.1M in total revenue.
How does North Haven Foundation manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation, which is highly unusual for an organization of its size. This could indicate a fully volunteer leadership, or that compensation for key personnel is categorized differently in their financial statements, which would require a deeper dive into their full IRS Form 990.
What are the specific program activities funded by North Haven Foundation?
The provided data does not detail the specific program activities. To understand their programs, one would need to review the full IRS Form 990, specifically Part III, Statement of Program Service Accomplishments.
What is the breakdown of program, administrative, and fundraising expenses?
The summary data does not provide a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is typically found in Part IX of the IRS Form 990.
How does the organization sustain consistent asset growth with fluctuating revenue?
The organization consistently maintains expenses significantly lower than revenue, even during periods of fluctuating revenue. For example, in 2024, revenue was $422,086 and expenses were $314,816, allowing for a surplus that contributes to asset growth. This prudent financial management, coupled with zero liabilities, enables steady asset accumulation.
Filing History
IRS 990 filing history for North Haven Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), North Haven Foundation's revenue has grown by 21%, moving from $349K to $422K. Total assets increased by 160.1% over the same period, from $2.2M to $5.8M. Total functional expenses rose by 128%, from $138K to $315K. In its most recent filing year (2024), North Haven Foundation reported a surplus of $107K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $422K | $315K | $5.8M | $0 | — | — |
| 2023 | $559K | $253K | $5.3M | $0 | — | — |
| 2022 | $621K | $231K | $4.9M | $0 | — | View 990 |
| 2021 | $537K | $139K | $5.5M | $0 | — | View 990 |
| 2020 | $345K | $155K | $4.3M | $0 | — | View 990 |
| 2019 | $539K | $151K | $4.2M | $0 | — | View 990 |
| 2018 | $377K | $190K | $3.8M | $0 | — | View 990 |
| 2017 | $271K | $133K | $3.7M | $0 | — | View 990 |
| 2016 | $324K | $128K | $3.2M | $0 | — | View 990 |
| 2015 | $329K | $165K | $3.2M | $0 | — | View 990 |
| 2014 | $335K | $131K | $3.1M | $0 | — | View 990 |
| 2013 | $233K | $150K | $2.6M | $0 | — | View 990 |
| 2012 | $203K | $123K | $2.3M | $0 | — | View 990 |
| 2011 | $349K | $138K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $422K, expenses of $315K, and assets of $5.8M (revenue -24.5% year-over-year).
- 2023: Revenue of $559K, expenses of $253K, and assets of $5.3M (revenue -10.0% year-over-year).
- 2022: Revenue of $621K, expenses of $231K, and assets of $4.9M (revenue +15.8% year-over-year).
- 2021: Revenue of $537K, expenses of $139K, and assets of $5.5M (revenue +55.7% year-over-year).
- 2020: Revenue of $345K, expenses of $155K, and assets of $4.3M (revenue -36.0% year-over-year).
- 2019: Revenue of $539K, expenses of $151K, and assets of $4.2M (revenue +42.8% year-over-year).
- 2018: Revenue of $377K, expenses of $190K, and assets of $3.8M (revenue +39.4% year-over-year).
- 2017: Revenue of $271K, expenses of $133K, and assets of $3.7M (revenue -16.6% year-over-year).
- 2016: Revenue of $324K, expenses of $128K, and assets of $3.2M (revenue -1.4% year-over-year).
- 2015: Revenue of $329K, expenses of $165K, and assets of $3.2M (revenue -1.9% year-over-year).
- 2014: Revenue of $335K, expenses of $131K, and assets of $3.1M (revenue +43.8% year-over-year).
- 2013: Revenue of $233K, expenses of $150K, and assets of $2.6M (revenue +15.1% year-over-year).
- 2012: Revenue of $203K, expenses of $123K, and assets of $2.3M (revenue -41.9% year-over-year).
- 2011: Revenue of $349K, expenses of $138K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Haven Foundation:
Data Sources and Methodology
This transparency report for North Haven 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.