Northern Maine Community College Foundation
Northern Maine Community College Foundation shows significant asset growth and zero officer compensation amidst fluctuating revenues.
EIN: 10416939 · Presque Isle, ME · NTEE: B110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $713K |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| Net Assets | $8.6M |
| Transparency Score | 88/100 |
Is Northern Maine Community College Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northern Maine Community College Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern Maine Community College Foundation
Northern Maine Community College Foundation (EIN: 10416939) is a nonprofit organization based in Presque Isle, ME, classified under NTEE code B110. The organization reported total revenue of $713K and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Maine Community College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Maine Community College Foundation is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$4.3M |
| Total Assets | $9.6M |
| Total Liabilities | $940K |
| Net Assets | $8.6M |
| Operating Margin | 77.3% |
| Debt-to-Asset Ratio | 9.8% |
| Months of Reserves | 91.2 months |
Financial Health Grade: A
In 2024, Northern Maine Community College Foundation reported a surplus of $4.3M with revenue exceeding expenses, holds 91.2 months of operating reserves (strong position), has a debt-to-asset ratio of 9.8% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Northern Maine Community College Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +924.6% | +77.7% | +126.3% |
| 2023 | -9.4% | -50.3% | +0.6% |
| 2022 | -61.7% | -35.9% | -24.8% |
| 2021 | -59.2% | -34.3% | -17.2% |
| 2020 | +307.6% | +118.0% | +28.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Northern Maine Community College Foundation with a Mission Score of 88 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, Northern Maine Community College 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 $4.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is a highly positive sign, suggesting that leadership roles may be voluntary or compensated through other means not reported as officer compensation, allowing more funds to be directed 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 Northern Maine Community College Foundation's IRS 990 filings:
- Highly variable annual revenue, indicating potential reliance on large, infrequent donations or investment gains rather than consistent, diversified funding streams.
Strengths
The following positive indicators were identified for Northern Maine Community College Foundation:
- Consistent 0% officer compensation, demonstrating a strong commitment to directing funds towards the mission.
- Significant asset growth, reaching $9,583,672 in 202406, indicating robust financial health and capacity.
- Strong financial position with assets significantly outweighing liabilities (e.g., $9,583,672 assets vs. $940,275 liabilities in 202406).
Frequently Asked Questions about Northern Maine Community College Foundation
Is Northern Maine Community College Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern Maine Community College Foundation (EIN: 10416939) some concerns. Mission Score: 88/100. 1 red flag identified, 3 strengths noted.
How does Northern Maine Community College Foundation spend its money?
Northern Maine Community College Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northern Maine Community College Foundation tax-deductible?
Northern Maine Community College Foundation is registered as a tax-exempt nonprofit (EIN: 10416939). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northern Maine Community College Foundation's spending goes to programs?
Northern Maine Community College Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northern Maine Community College Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Northern Maine Community College Foundation is above average for NTEE category B110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northern Maine Community College Foundation located?
Northern Maine Community College Foundation is headquartered in Presque Isle, Maine and files with the IRS under EIN 10416939. It is classified under NTEE code B110.
How many years of IRS 990 filings does Northern Maine Community College Foundation have?
Northern Maine Community College Foundation 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 $713K in total revenue.
Is Northern Maine Community College Foundation a good charity?
Based on the provided data, the Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating efficient use of funds, and has shown significant asset growth, particularly in the latest filing period (202406) with assets reaching $9,583,672. Its financial health seems robust, supporting its mission to benefit Northern Maine Community College.
How has the Foundation's revenue changed over time?
The Foundation's revenue has been highly variable. It saw a peak of $5,560,243 in 202406, a significant increase from $542,691 in 202306 and $599,029 in 202206. Historically, it has fluctuated widely, with other high points like $3,834,092 in 202006 and lows such as $295,373 in 201606.
What is the trend in the Foundation's assets?
The Foundation's assets have shown a strong upward trend, especially in recent years. Assets grew from $1,892,926 in 201606 to $6,156,619 (latest provided) and further to $9,583,672 in the 202406 filing, indicating significant financial growth and stability.
Does the Foundation spend efficiently on its mission?
Yes, the Foundation appears to spend efficiently. The consistent reporting of 0% officer compensation across all available filings strongly suggests that administrative overhead related to executive salaries is minimal or non-existent, allowing a greater proportion of funds to be allocated to program services supporting Northern Maine Community College.
Filing History
IRS 990 filing history for Northern Maine Community College Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Northern Maine Community College Foundation's revenue has grown by 6.8%, moving from $5.2M to $5.6M. Total assets increased by 34.9% over the same period, from $7.1M to $9.6M. Total functional expenses fell by 75.5%, from $5.2M to $1.3M. In its most recent filing year (2024), Northern Maine Community College Foundation reported a surplus of $4.3M, with revenue exceeding expenses. The organization holds $940K in liabilities against $9.6M in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $8.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.6M | $1.3M | $9.6M | $940K | — | View 990 |
| 2023 | $543K | $710K | $4.2M | $10K | — | — |
| 2022 | $599K | $1.4M | $4.2M | $44K | — | View 990 |
| 2021 | $1.6M | $2.2M | $5.6M | $48K | — | — |
| 2020 | $3.8M | $3.4M | $6.8M | $1.1M | — | View 990 |
| 2019 | $941K | $1.6M | $5.3M | $168K | — | View 990 |
| 2018 | $2.6M | $1.2M | $5.9M | $325K | — | — |
| 2017 | $2.5M | $440K | $4.1M | $12K | — | View 990 |
| 2016 | $295K | $396K | $1.9M | $25K | — | View 990 |
| 2015 | $556K | $404K | $2.1M | $49K | — | View 990 |
| 2014 | $253K | $143K | $2.1M | $95K | — | View 990 |
| 2013 | $569K | $443K | $6.9M | $5.2M | — | View 990 |
| 2012 | $5.2M | $5.2M | $7.1M | $5.7M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.6M, expenses of $1.3M, and assets of $9.6M (revenue +924.6% year-over-year).
- 2023: Revenue of $543K, expenses of $710K, and assets of $4.2M (revenue -9.4% year-over-year).
- 2022: Revenue of $599K, expenses of $1.4M, and assets of $4.2M (revenue -61.7% year-over-year).
- 2021: Revenue of $1.6M, expenses of $2.2M, and assets of $5.6M (revenue -59.2% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.4M, and assets of $6.8M (revenue +307.6% year-over-year).
- 2019: Revenue of $941K, expenses of $1.6M, and assets of $5.3M (revenue -64.1% year-over-year).
- 2018: Revenue of $2.6M, expenses of $1.2M, and assets of $5.9M (revenue +2.9% year-over-year).
- 2017: Revenue of $2.5M, expenses of $440K, and assets of $4.1M (revenue +762.7% year-over-year).
- 2016: Revenue of $295K, expenses of $396K, and assets of $1.9M (revenue -46.9% year-over-year).
- 2015: Revenue of $556K, expenses of $404K, and assets of $2.1M (revenue +119.5% year-over-year).
- 2014: Revenue of $253K, expenses of $143K, and assets of $2.1M (revenue -55.5% year-over-year).
- 2013: Revenue of $569K, expenses of $443K, and assets of $6.9M (revenue -89.1% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.2M, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Maine Community College Foundation:
Data Sources and Methodology
This transparency report for Northern Maine Community College 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.