Penobscot River And Bay Institute
Penobscot River And Bay Institute operates as a very small, volunteer-driven organization with minimal financial activity, reporting $0 revenue and assets in its latest filing.
EIN: 10478291 · Orono, ME · NTEE: C30Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $3K |
| Program Spending | 90% |
| Net Assets | $7K |
| Transparency Score | 85/100 |
Is Penobscot River And Bay Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penobscot River And Bay Institute directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penobscot River And Bay Institute
Penobscot River And Bay Institute (EIN: 10478291) is a nonprofit organization based in Orono, ME, classified under NTEE code C30Z. 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 Penobscot River And Bay Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penobscot River And Bay Institute is a micro nonprofit that has been operating for 33 years, with 4 years of IRS 990 filings on record (2010–2016). Revenue has grown at a compound annual rate of 15.8%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $3K |
| Surplus / Deficit | +$848 |
| Total Assets | $7K |
| Net Assets | $7K |
| Operating Margin | 22.5% |
| Months of Reserves | 28.9 months |
Financial Health Grade: A
In 2016, Penobscot River And Bay Institute reported a surplus of $848 with revenue exceeding expenses, holds 28.9 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2010–2016), Penobscot River And Bay Institute's revenue has grown at a compound annual growth rate (CAGR) of 15.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +36.7% | +43.7% | +13.7% |
| 2015 | +24.5% | +48.3% | +0.6% |
| 2013 | +42.0% | +18.0% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1993 |
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 Penobscot River And Bay Institute 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: 90%
- fundraising: 0%
According to IRS 990 filings, Penobscot River And Bay Institute 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $848, with revenue exceeding expenses.
Executive Compensation Analysis
There is no executive compensation reported across any of the available filings (2010-2016), indicating that the organization is entirely volunteer-run at the leadership level, which is appropriate for its extremely small size and revenue.
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 Penobscot River And Bay Institute's IRS 990 filings:
- Latest filing shows $0 revenue and assets, potentially indicating inactivity or cessation of financial operations.
Strengths
The following positive indicators were identified for Penobscot River And Bay Institute:
- Zero officer compensation across all filings, indicating a volunteer-driven model and efficient use of funds.
- Consistent financial surpluses in prior years (e.g., $3,776 revenue vs. $2,928 expenses in 2016), demonstrating responsible financial management.
- No reported liabilities, indicating a healthy balance sheet.
- Stable asset base in prior years, showing careful stewardship of resources.
Frequently Asked Questions about Penobscot River And Bay Institute
Is Penobscot River And Bay Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Penobscot River And Bay Institute (EIN: 10478291) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Penobscot River And Bay Institute spend its money?
Penobscot River And Bay Institute directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Penobscot River And Bay Institute tax-deductible?
Penobscot River And Bay Institute is registered as a tax-exempt nonprofit (EIN: 10478291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Penobscot River And Bay Institute compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Penobscot River And Bay Institute is above average for NTEE category C30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penobscot River And Bay Institute located?
Penobscot River And Bay Institute is headquartered in Orono, Maine and files with the IRS under EIN 10478291. It is classified under NTEE code C30Z.
How many years of IRS 990 filings does Penobscot River And Bay Institute have?
Penobscot River And Bay Institute has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Penobscot River And Bay Institute a good charity?
Based on the available data, the Penobscot River And Bay Institute appears to be a well-managed, volunteer-led organization with a strong commitment to its mission, as evidenced by zero officer compensation and consistent financial surpluses in prior years. However, its extremely small scale (latest revenue and assets are $0) means its direct impact is likely very limited.
What is the current operational status of the organization given $0 revenue and assets?
The latest filing showing $0 in revenue and assets suggests the organization may be inactive or operating on an entirely volunteer basis without any financial transactions, or it may be in a transitional period. Further inquiry would be needed to confirm its current operational status.
Filing History
IRS 990 filing history for Penobscot River And Bay Institute showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2010–2016), Penobscot River And Bay Institute's revenue has grown by 141.6%, moving from $2K to $4K. Total assets increased by 13.3% over the same period, from $6K to $7K. Total functional expenses rose by 151.5%, from $1K to $3K. In its most recent filing year (2016), Penobscot River And Bay Institute reported a surplus of $848, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $4K | $3K | $7K | $0 | — | View 990 |
| 2015 | $3K | $2K | $6K | $0 | — | View 990 |
| 2013 | $2K | $1K | $6K | $0 | — | View 990 |
| 2010 | $2K | $1K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $4K, expenses of $3K, and assets of $7K (revenue +36.7% year-over-year).
- 2015: Revenue of $3K, expenses of $2K, and assets of $6K (revenue +24.5% year-over-year).
- 2013: Revenue of $2K, expenses of $1K, and assets of $6K (revenue +42.0% year-over-year).
- 2010: Revenue of $2K, expenses of $1K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penobscot River And Bay Institute:
Data Sources and Methodology
This transparency report for Penobscot River And Bay Institute 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.