Phi Eta Kappa Building Association
Phi Eta Kappa Building Association maintains stable finances with volunteer leadership and consistent operational spending.
EIN: 10442081 · Orono, ME · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $64K |
| Total Expenses | $53K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $50,000 |
| Net Assets | $240K |
| Transparency Score | 85/100 |
Is Phi Eta Kappa Building Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phi Eta Kappa Building Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phi Eta Kappa Building Association
Phi Eta Kappa Building Association (EIN: 10442081) is a nonprofit organization based in Orono, ME, classified under NTEE code S47. The organization reported total revenue of $64K and total assets of $242K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phi Eta Kappa Building Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phi Eta Kappa Building Association is a micro nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $53K |
| Surplus / Deficit | +$2K |
| Total Assets | $246K |
| Total Liabilities | $6K |
| Net Assets | $240K |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 55.1 months |
Financial Health Grade: A
In 2023, Phi Eta Kappa Building Association reported a surplus of $2K with revenue exceeding expenses, holds 55.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Phi Eta Kappa Building Association's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.1% | -0.3% | +1.3% |
| 2022 | -8.1% | +1.5% | -3.5% |
| 2021 | -30.4% | -9.8% | -4.8% |
| 2020 | +39.9% | +41.0% | -9.1% |
| 2019 | -16.6% | +18.5% | +14.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Phi Eta Kappa Building 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: 85%
- fundraising: 5%
According to IRS 990 filings, Phi Eta Kappa Building Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization, which is highly efficient for an organization of this size with annual revenues around $50,000-$70,000.
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 Phi Eta Kappa Building Association:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Stable asset base, consistently above $200,000, providing financial security.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
- Revenues generally cover expenses, indicating sound financial management.
- Low liabilities relative to assets, suggesting good financial solvency.
Frequently Asked Questions about Phi Eta Kappa Building Association
Is Phi Eta Kappa Building Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Phi Eta Kappa Building Association (EIN: 10442081) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Phi Eta Kappa Building Association spend its money?
Phi Eta Kappa Building Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phi Eta Kappa Building Association tax-deductible?
Phi Eta Kappa Building Association is registered as a tax-exempt nonprofit (EIN: 10442081). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Phi Eta Kappa Building Association CEO make?
Phi Eta Kappa Building Association's highest-compensated officer earns $50,000 annually. The organization reported $64K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Phi Eta Kappa Building Association's spending goes to programs?
Phi Eta Kappa Building Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Phi Eta Kappa Building Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Phi Eta Kappa Building Association is above average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phi Eta Kappa Building Association located?
Phi Eta Kappa Building Association is headquartered in Orono, Maine and files with the IRS under EIN 10442081. It is classified under NTEE code S47.
How many years of IRS 990 filings does Phi Eta Kappa Building Association have?
Phi Eta Kappa Building Association has 13 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 $64K in total revenue.
Is Phi Eta Kappa Building Association a good charity?
Based on the available financial data, the organization appears to be well-managed with stable finances and a volunteer leadership, which are positive indicators. Its purpose as a 'Building Association' for a fraternal society means its 'charitable' impact is specific to its members and property.
What is the primary use of the organization's funds?
Given its name and NTEE code (S47 - Fraternal Societies), the primary use of funds is likely for the maintenance, operation, and improvement of its building and associated property, which directly supports its mission.
How has the organization's financial health changed over time?
The organization has maintained stable financial health over the past decade, with assets consistently above $200,000 and revenues generally covering expenses. There have been periods of slight deficits (e.g., 202208: Revenue=$44,800, Expenses=$53,626) but these appear to be managed within its overall asset base.
Filing History
IRS 990 filing history for Phi Eta Kappa Building Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Phi Eta Kappa Building Association's revenue has declined by 8.3%, moving from $61K to $56K. Total assets increased by 368.2% over the same period, from $52K to $246K. Total functional expenses rose by 32.3%, from $40K to $53K. In its most recent filing year (2023), Phi Eta Kappa Building Association reported a surplus of $2K, with revenue exceeding expenses. The organization holds $6K in liabilities against $246K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $240K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $53K | $246K | $6K | — | View 990 |
| 2022 | $45K | $54K | $243K | $5K | — | — |
| 2021 | $49K | $53K | $251K | $5K | — | View 990 |
| 2020 | $70K | $59K | $264K | $14K | — | — |
| 2019 | $50K | $42K | $291K | $52K | — | View 990 |
| 2018 | $60K | $35K | $255K | $25K | — | View 990 |
| 2017 | $61K | $32K | $237K | $32K | — | View 990 |
| 2016 | $66K | $40K | $220K | $44K | — | View 990 |
| 2015 | $67K | $37K | $207K | $56K | — | View 990 |
| 2014 | $66K | $34K | $169K | $49K | — | View 990 |
| 2013 | $124K | $28K | $158K | $70K | — | View 990 |
| 2012 | $48K | $27K | $62K | $70K | — | View 990 |
| 2011 | $61K | $40K | $52K | $82K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $53K, and assets of $246K (revenue +24.1% year-over-year).
- 2022: Revenue of $45K, expenses of $54K, and assets of $243K (revenue -8.1% year-over-year).
- 2021: Revenue of $49K, expenses of $53K, and assets of $251K (revenue -30.4% year-over-year).
- 2020: Revenue of $70K, expenses of $59K, and assets of $264K (revenue +39.9% year-over-year).
- 2019: Revenue of $50K, expenses of $42K, and assets of $291K (revenue -16.6% year-over-year).
- 2018: Revenue of $60K, expenses of $35K, and assets of $255K (revenue -1.2% year-over-year).
- 2017: Revenue of $61K, expenses of $32K, and assets of $237K (revenue -7.9% year-over-year).
- 2016: Revenue of $66K, expenses of $40K, and assets of $220K (revenue -1.3% year-over-year).
- 2015: Revenue of $67K, expenses of $37K, and assets of $207K (revenue +0.7% year-over-year).
- 2014: Revenue of $66K, expenses of $34K, and assets of $169K (revenue -46.3% year-over-year).
- 2013: Revenue of $124K, expenses of $28K, and assets of $158K (revenue +158.9% year-over-year).
- 2012: Revenue of $48K, expenses of $27K, and assets of $62K (revenue -21.2% year-over-year).
- 2011: Revenue of $61K, expenses of $40K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phi Eta Kappa Building Association:
Data Sources and Methodology
This transparency report for Phi Eta Kappa Building 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.