Pemaquid Watershed Association
Pemaquid Watershed Association: Consistent Growth, Strong Financial Health
EIN: 222508854 · Damariscotta, ME · Updated: 2026-04-04
Is Pemaquid Watershed Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pemaquid Watershed Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pemaquid Watershed Association
Pemaquid Watershed Association (EIN: 222508854) is a nonprofit organization based in Damariscotta, ME. 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 Pemaquid Watershed Association'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 Pemaquid Watershed Association with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Pemaquid Watershed Association allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided financial data, making a specific assessment difficult without further filings.
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 Pemaquid Watershed Association:
- Consistent asset growth from $992,140 in 2013 to $2,559,352 in 2017.
- Low liabilities relative to assets, indicating strong financial stability.
- Steady revenue generation, with a notable increase in 2016 to $804,982.
Frequently Asked Questions about Pemaquid Watershed Association
Is Pemaquid Watershed Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Pemaquid Watershed Association (EIN: 222508854) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Pemaquid Watershed Association spend its money?
Pemaquid Watershed Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pemaquid Watershed Association tax-deductible?
Pemaquid Watershed Association is registered as a tax-exempt nonprofit (EIN: 222508854). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Pemaquid Watershed Association do?
Pemaquid Watershed Association is a nonprofit organization in the Unknown sector, located in Damariscotta, Maine. It is classified under NTEE code Unknown.
How much revenue does Pemaquid Watershed Association have?
Pemaquid Watershed Association reported total revenue of N/A. Based on 6 IRS 990 filings on record.
What are Pemaquid Watershed Association's total assets?
Pemaquid Watershed Association holds total assets of N/A as reported in IRS 990 filings.
Where is Pemaquid Watershed Association located?
Pemaquid Watershed Association is based in Damariscotta, Maine.
What is Pemaquid Watershed Association's EIN?
Pemaquid Watershed Association's Employer Identification Number (EIN) is 222508854. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pemaquid Watershed Association?
Pemaquid Watershed Association is classified under NTEE code Unknown (Unknown).
Is Pemaquid Watershed Association a registered 501(c)(3)?
Pemaquid Watershed Association appears in IRS records (EIN: 222508854). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Pemaquid Watershed Association file IRS Form 990?
Yes, Pemaquid Watershed Association has 6 IRS Form 990 filings on record. The most recent covers tax period 201703.
What was Pemaquid Watershed Association's revenue in 2017?
In the 201703 filing period, Pemaquid Watershed Association reported total revenue of $140,385, total expenses of $179,030, and net assets of $2,559,352.
Is Pemaquid Watershed Association's revenue growing or declining?
Pemaquid Watershed Association's revenue is declining. Revenue went from $804,982 (201603) to $140,385 (201703), a -82.6% change. Based on 6 filings on record.
What is Pemaquid Watershed Association's most recent 990 filing?
The most recent IRS Form 990 filing for Pemaquid Watershed Association covers tax period 201703. It shows revenue of $140,385, expenses of $179,030, total assets of $2,559,352, and liabilities of $123,478.
How much does Pemaquid Watershed Association spend on programs vs administration?
Based on IRS 990 analysis, Pemaquid Watershed Association allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Pemaquid Watershed Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Pemaquid Watershed Association appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Pemaquid Watershed Association's strengths?
Positive indicators for Pemaquid Watershed Association include: Consistent asset growth from $992,140 in 2013 to $2,559,352 in 2017.. Low liabilities relative to assets, indicating strong financial stability.. Steady revenue generation, with a notable increase in 2016 to $804,982.. These findings are derived from AI analysis of the organization's financial filings.
How does Pemaquid Watershed Association compensate executives?
Executive compensation information is not explicitly detailed in the provided financial data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the Pemaquid Watershed Association managed to achieve such consistent asset growth without significant increases in liabilities?
The consistent asset growth, from $992,140 in 2013 to $2,559,352 in 2017, coupled with low liabilities, suggests effective fundraising and investment strategies, potentially including land acquisitions or endowment growth, without relying heavily on debt.
What factors contributed to the significant revenue jump in 2016 ($804,982) compared to previous years?
The substantial increase in revenue in 2016 to $804,982 from $624,885 in 2015 could be attributed to a successful capital campaign, a large one-time donation, or a significant grant, which would be worth investigating in more detailed financial notes.
Filing History
IRS 990 filing history for Pemaquid Watershed Association showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2017), Pemaquid Watershed Association's revenue has grown by 49.6%, moving from $94K to $140K. Total assets increased by 166.7% over the same period, from $960K to $2.6M. Total functional expenses rose by 97.8%, from $90K to $179K. In its most recent filing year (2017), Pemaquid Watershed Association reported a deficit of $39K, with expenses exceeding revenue. The organization holds $123K in liabilities against $2.6M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2017 | $140K | $179K | $2.6M | $123K | — | — |
| 2016 | $805K | $173K | $2.6M | $127K | — | View 990 |
| 2015 | $625K | $156K | $1.8M | $949 | — | View 990 |
| 2014 | $150K | $116K | $1.1M | $882 | — | View 990 |
| 2013 | $125K | $93K | $992K | $719 | — | View 990 |
| 2012 | $94K | $90K | $960K | $686 | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $140K, expenses of $179K, and assets of $2.6M (revenue -82.6% year-over-year).
- 2016: Revenue of $805K, expenses of $173K, and assets of $2.6M (revenue +28.8% year-over-year).
- 2015: Revenue of $625K, expenses of $156K, and assets of $1.8M (revenue +317.6% year-over-year).
- 2014: Revenue of $150K, expenses of $116K, and assets of $1.1M (revenue +19.4% year-over-year).
- 2013: Revenue of $125K, expenses of $93K, and assets of $992K (revenue +33.6% year-over-year).
- 2012: Revenue of $94K, expenses of $90K, and assets of $960K.
Data Sources and Methodology
This transparency report for Pemaquid Watershed Association 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.