Northern New England School Of Banking
Northern New England School Of Banking consistently operates with zero officer compensation and no liabilities, maintaining stable finances.
EIN: 10477533 · Montpelier, VT · NTEE: A20Z · Updated: 2026-03-26
Is Northern New England School Of Banking Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northern New England School Of Banking directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern New England School Of Banking
Northern New England School Of Banking (EIN: 10477533) is a nonprofit organization based in Montpelier, VT, classified under NTEE code A20Z. The organization reported total revenue of $205K and total assets of $105K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern New England School Of Banking'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 Northern New England School Of Banking with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Northern New England School Of Banking allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational structure, directing all funds to its 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.
Strengths
The following positive indicators were identified for Northern New England School Of Banking:
- Zero officer compensation reported across all filings, indicating high efficiency and mission focus.
- No reported liabilities, demonstrating strong financial management and solvency.
- Consistent positive net assets and asset growth over the past decade (e.g., $87,046 in 2014 to $102,616 in 2023).
- Regular and consistent IRS 990 filing history (13 filings), indicating good transparency and compliance.
- Expenses consistently track closely with revenue, suggesting prudent budgeting and operational control.
Frequently Asked Questions about Northern New England School Of Banking
Is Northern New England School Of Banking a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern New England School Of Banking (EIN: 10477533) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Northern New England School Of Banking spend its money?
Northern New England School Of Banking directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northern New England School Of Banking tax-deductible?
Northern New England School Of Banking is registered as a tax-exempt nonprofit (EIN: 10477533). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Northern New England School Of Banking a good charity?
Based on the provided financial data, the Northern New England School Of Banking appears to be a very good charity. It consistently reports 0% officer compensation, has no liabilities, and maintains a stable asset base, indicating strong financial health and a clear dedication of resources to its mission.
How does the organization manage to operate with 0% officer compensation?
Operating with 0% officer compensation suggests that the organization's leadership roles are likely filled by volunteers, or that any compensation for management is categorized differently within general expenses, though the explicit 'Officer Comp=0%' is a strong indicator of volunteer leadership.
What is the trend in the organization's financial growth?
The organization shows a positive trend in asset growth, from $87,046 in 2014 to $102,616 in 2023. Revenue has also generally increased over the decade, with some fluctuations, demonstrating a capacity for sustained operations and modest expansion.
Filing History
IRS 990 filing history for Northern New England School Of Banking showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northern New England School Of Banking's revenue has grown by 101.8%, moving from $94K to $189K. Total assets increased by 26.9% over the same period, from $81K to $103K. Total functional expenses rose by 102%, from $93K to $188K. In its most recent filing year (2023), Northern New England School Of Banking reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $189K | $188K | $103K | $0 | — | View 990 |
| 2022 | $171K | $171K | $101K | $0 | — | View 990 |
| 2021 | $127K | $126K | $100K | $0 | — | — |
| 2020 | $45K | $41K | $100K | $0 | — | View 990 |
| 2019 | $160K | $159K | $95K | $0 | — | View 990 |
| 2018 | $155K | $153K | $94K | $0 | — | View 990 |
| 2017 | $158K | $153K | $92K | $0 | — | View 990 |
| 2016 | $145K | $144K | $87K | $0 | — | View 990 |
| 2015 | $90K | $91K | $86K | $0 | — | View 990 |
| 2014 | $101K | $99K | $87K | $0 | — | View 990 |
| 2013 | $107K | $103K | $86K | $0 | — | View 990 |
| 2012 | $97K | $95K | $82K | $0 | — | View 990 |
| 2011 | $94K | $93K | $81K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $189K, expenses of $188K, and assets of $103K (revenue +10.5% year-over-year).
- 2022: Revenue of $171K, expenses of $171K, and assets of $101K (revenue +35.4% year-over-year).
- 2021: Revenue of $127K, expenses of $126K, and assets of $100K (revenue +182.5% year-over-year).
- 2020: Revenue of $45K, expenses of $41K, and assets of $100K (revenue -72.0% year-over-year).
- 2019: Revenue of $160K, expenses of $159K, and assets of $95K (revenue +3.6% year-over-year).
- 2018: Revenue of $155K, expenses of $153K, and assets of $94K (revenue -2.4% year-over-year).
- 2017: Revenue of $158K, expenses of $153K, and assets of $92K (revenue +9.3% year-over-year).
- 2016: Revenue of $145K, expenses of $144K, and assets of $87K (revenue +61.5% year-over-year).
- 2015: Revenue of $90K, expenses of $91K, and assets of $86K (revenue -10.8% year-over-year).
- 2014: Revenue of $101K, expenses of $99K, and assets of $87K (revenue -5.7% year-over-year).
- 2013: Revenue of $107K, expenses of $103K, and assets of $86K (revenue +10.4% year-over-year).
- 2012: Revenue of $97K, expenses of $95K, and assets of $82K (revenue +2.9% year-over-year).
- 2011: Revenue of $94K, expenses of $93K, and assets of $81K.
Data Sources and Methodology
This transparency report for Northern New England School Of Banking 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.