Pierre Monteux Memorial Foundation

Is Pierre Monteux Memorial Foundation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Pierre Monteux Memorial Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Pierre Monteux Memorial Foundation

Pierre Monteux Memorial Foundation (EIN: 10279335) is a nonprofit organization based in Hancock, ME, classified under NTEE code A6E0. The organization reported total revenue of $497K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pierre Monteux Memorial 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 Pierre Monteux Memorial Foundation 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, Pierre Monteux Memorial Foundation 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is exceptional for a foundation of its size and asset base.

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 Pierre Monteux Memorial Foundation:

• Consistent asset growth, from $804,237 in 2015 to $2,330,308 in 2023.
• Zero reported officer compensation across all 13 filings, indicating high efficiency.
• Revenue consistently exceeds expenses, allowing for financial stability and growth (e.g., 2023 revenue $535,557 vs. expenses $337,878).
• Strong financial transparency with 13 available IRS 990 filings.
• Low liabilities relative to assets (e.g., $83,230 liabilities vs. $2,330,308 assets in 2023).

Frequently Asked Questions about Pierre Monteux Memorial Foundation

Filing History

IRS 990 filing history for Pierre Monteux Memorial Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Pierre Monteux Memorial Foundation's revenue has grown by 143.4%, moving from $220K to $536K. Total assets increased by 226.4% over the same period, from $714K to $2.3M. Total functional expenses rose by 70.9%, from $198K to $338K. In its most recent filing year (2023), Pierre Monteux Memorial Foundation reported a surplus of $198K, with revenue exceeding expenses. The organization holds $83K in liabilities against $2.3M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $2.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $536K, expenses of $338K, and assets of $2.3M (revenue -1.0% year-over-year).
• 2022: Revenue of $541K, expenses of $399K, and assets of $2.1M (revenue +22.0% year-over-year).
• 2021: Revenue of $443K, expenses of $273K, and assets of $2.0M (revenue +121.9% year-over-year).
• 2020: Revenue of $200K, expenses of $273K, and assets of $1.7M (revenue -23.1% year-over-year).
• 2019: Revenue of $260K, expenses of $314K, and assets of $1.6M (revenue -36.1% year-over-year).
• 2018: Revenue of $407K, expenses of $217K, and assets of $1.7M (revenue +99.0% year-over-year).
• 2017: Revenue of $205K, expenses of $203K, and assets of $1.4M (revenue -73.9% year-over-year).
• 2016: Revenue of $784K, expenses of $197K, and assets of $1.4M (revenue +312.6% year-over-year).
• 2015: Revenue of $190K, expenses of $198K, and assets of $804K (revenue -34.6% year-over-year).
• 2014: Revenue of $290K, expenses of $241K, and assets of $825K (revenue +52.9% year-over-year).
• 2013: Revenue of $190K, expenses of $187K, and assets of $747K (revenue +0.8% year-over-year).
• 2012: Revenue of $188K, expenses of $179K, and assets of $732K (revenue -14.3% year-over-year).
• 2011: Revenue of $220K, expenses of $198K, and assets of $714K.

Data Sources and Methodology

This transparency report for Pierre Monteux Memorial 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.