Olympia Sports Foundation
Olympia Sports Foundation reports zero revenue and assets, indicating dormancy or cessation of operations.
EIN: 10539362 · Westbrook, ME · NTEE: P20 · Updated: 2026-03-28
Is Olympia Sports Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Olympia Sports Foundation
Olympia Sports Foundation (EIN: 10539362) is a nonprofit organization based in Westbrook, ME, classified under NTEE code P20. 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 Olympia Sports 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 Olympia Sports Foundation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Olympia Sports Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership was unpaid, which is a positive for directing 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.
Red Flags
The following concerns were identified during AI analysis of Olympia Sports Foundation's IRS 990 filings:
- Zero revenue and assets in the latest filing, indicating potential cessation of operations.
- Significant decline in revenue and assets over recent years, from $168,350 revenue and $168,141 assets in 2011 to $0 in the latest period.
Strengths
The following positive indicators were identified for Olympia Sports Foundation:
- No officer compensation reported across all filing periods, indicating volunteer leadership.
- Historically, the organization maintained a lean structure with no reported liabilities.
Frequently Asked Questions about Olympia Sports Foundation
Is Olympia Sports Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Olympia Sports Foundation (EIN: 10539362) significant concerns. Mission Score: 20/100. 2 red flags identified, 2 strengths noted.
How does Olympia Sports Foundation spend its money?
Detailed spending breakdown data is not yet available for Olympia Sports Foundation. Check back for updated IRS 990 analysis.
Are donations to Olympia Sports Foundation tax-deductible?
Olympia Sports Foundation is registered as a tax-exempt nonprofit (EIN: 10539362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Olympia Sports Foundation still operational?
Based on the latest IRS 990 data showing $0 revenue and $0 assets, it appears the Olympia Sports Foundation is no longer operational or is in a dormant state.
What happened to the organization's assets?
The organization's assets have declined from a peak of $168,141 in 2011 to $0 in the latest filing, suggesting they have been liquidated or transferred.
Did the organization ever pay its officers?
No, the IRS 990 filings consistently show 0% officer compensation across all reported periods.
Filing History
IRS 990 filing history for Olympia Sports Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2018), Olympia Sports Foundation's revenue has declined by 100%, moving from $168K to $0. Total assets decreased by 72.2% over the same period, from $168K to $47K. Total functional expenses fell by 87.4%, from $187K to $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2018 | $0 | $24K | $47K | $0 | — | View 990 |
| 2017 | $24K | $66K | $70K | $0 | — | View 990 |
| 2016 | $148K | $164K | $112K | $0 | — | View 990 |
| 2015 | $137K | $135K | $129K | $0 | — | View 990 |
| 2014 | $176K | $205K | $127K | $0 | — | View 990 |
| 2013 | $147K | $168K | $155K | $0 | — | View 990 |
| 2011 | $168K | $187K | $168K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $0, expenses of $24K, and assets of $47K (revenue -100.0% year-over-year).
- 2017: Revenue of $24K, expenses of $66K, and assets of $70K (revenue -83.5% year-over-year).
- 2016: Revenue of $148K, expenses of $164K, and assets of $112K (revenue +7.9% year-over-year).
- 2015: Revenue of $137K, expenses of $135K, and assets of $129K (revenue -22.3% year-over-year).
- 2014: Revenue of $176K, expenses of $205K, and assets of $127K (revenue +20.3% year-over-year).
- 2013: Revenue of $147K, expenses of $168K, and assets of $155K (revenue -12.9% year-over-year).
- 2011: Revenue of $168K, expenses of $187K, and assets of $168K.
Data Sources and Methodology
This transparency report for Olympia Sports 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.