Oceanside Conservation Trust
Oceanside Conservation Trust maintains substantial assets and low expenses with no officer compensation.
EIN: 10376587 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $43K |
| Total Expenses | $37K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2,399,966 |
| Net Assets | $2.4M |
| Transparency Score | 95/100 |
Is Oceanside Conservation Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oceanside Conservation Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oceanside Conservation Trust
Oceanside Conservation Trust (EIN: 10376587) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $43K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oceanside Conservation Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oceanside Conservation Trust is a micro nonprofit that has been operating for 44 years, with 5 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $37K |
| Surplus / Deficit | $-1,845 |
| Total Assets | $2.4M |
| Net Assets | $2.4M |
| Operating Margin | -5.2% |
| Months of Reserves | 764.2 months |
Financial Health Grade: B
In 2023, Oceanside Conservation Trust reported a deficit of $2K with expenses exceeding revenue, holds 764.2 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2014–2023), Oceanside Conservation Trust's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -95.1% | -22.8% | +1.9% |
| 2022 | +779.7% | +17.1% | +33.6% |
| 2021 | -75.4% | +19.5% | +4.3% |
| 2020 | +1218.8% | -16.7% | +1079.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Oceanside Conservation Trust 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, Oceanside Conservation Trust 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Oceanside Conservation Trust reports 0% officer compensation across all available filings, indicating a volunteer-led structure or extremely lean operations, which is highly efficient for a nonprofit of its size with $2,399,966 in assets.
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 Oceanside Conservation Trust:
- Strong asset growth from $141,541 in 2014 to $2,399,966 currently.
- Consistently low expenses, generally under $50,000 annually, indicating efficient operations.
- 0% officer compensation reported across all filings, maximizing funds for mission.
- Zero reported liabilities, indicating a debt-free and financially stable organization.
- High program spending ratio due to minimal administrative and fundraising overhead.
Frequently Asked Questions about Oceanside Conservation Trust
Is Oceanside Conservation Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Oceanside Conservation Trust (EIN: 10376587) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Oceanside Conservation Trust spend its money?
Oceanside Conservation Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oceanside Conservation Trust tax-deductible?
Oceanside Conservation Trust is registered as a tax-exempt nonprofit (EIN: 10376587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Oceanside Conservation Trust CEO make?
Oceanside Conservation Trust's highest-compensated officer earns $2,399,966 annually. The organization reported $43K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Oceanside Conservation Trust located?
Oceanside Conservation Trust is headquartered in Portland, Maine and files with the IRS under EIN 10376587.
How many years of IRS 990 filings does Oceanside Conservation Trust have?
Oceanside Conservation Trust has 5 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 $43K in total revenue.
How does Oceanside Conservation Trust manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that any compensation for leadership roles is covered through other means not classified as officer compensation, which is highly unusual and efficient.
What caused the significant revenue spike in 2022 to $719,557?
The IRS 990 data alone does not specify the source, but such a large increase from typical revenues ($35,355 in 2023, $81,799 in 2021) often indicates a major grant, a large individual donation, or a successful capital campaign during that period.
Given its substantial assets, why is the latest revenue only $42,945?
The latest revenue of $42,945 is consistent with the organization's typical annual income, excluding the outlier year of 2022. The substantial assets of $2,399,966 likely represent accumulated funds and conserved land, rather than being solely dependent on high annual operating revenue.
Filing History
IRS 990 filing history for Oceanside Conservation Trust showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2014–2023), Oceanside Conservation Trust's revenue has grown by 40%, moving from $25K to $35K. Total assets increased by 1573.8% over the same period, from $142K to $2.4M. Total functional expenses fell by 10.1%, from $41K to $37K. In its most recent filing year (2023), Oceanside Conservation Trust reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35K | $37K | $2.4M | $0 | — | — |
| 2022 | $720K | $48K | $2.3M | $0 | — | View 990 |
| 2021 | $82K | $41K | $1.7M | $0 | — | View 990 |
| 2020 | $333K | $34K | $1.7M | $0 | — | View 990 |
| 2014 | $25K | $41K | $142K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35K, expenses of $37K, and assets of $2.4M (revenue -95.1% year-over-year).
- 2022: Revenue of $720K, expenses of $48K, and assets of $2.3M (revenue +779.7% year-over-year).
- 2021: Revenue of $82K, expenses of $41K, and assets of $1.7M (revenue -75.4% year-over-year).
- 2020: Revenue of $333K, expenses of $34K, and assets of $1.7M (revenue +1218.8% year-over-year).
- 2014: Revenue of $25K, expenses of $41K, and assets of $142K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oceanside Conservation Trust:
Data Sources and Methodology
This transparency report for Oceanside Conservation Trust 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.