Ricker College Scholarship & Endowment Committee
Ricker College Scholarship & Endowment Committee: Strong Asset Growth, Low Overhead
EIN: 222709285 · Houlton, ME · Updated: 2026-04-04
About Ricker College Scholarship & Endowment Committee
Ricker College Scholarship & Endowment Committee (EIN: 222709285) is a nonprofit organization based in Houlton, ME. The organization reported total revenue of $2.4M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ricker College Scholarship & Endowment Committee'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 Ricker College Scholarship & Endowment Committee 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Ricker College Scholarship & Endowment Committee allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, indicating it is likely below the IRS reporting threshold or not paid.
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 Ricker College Scholarship & Endowment Committee:
- Consistent asset growth from $2.46M in 2015 to $4.52M in 2023.
- Extremely low administrative and fundraising overhead, with 0% fundraising costs reported.
- Focus on program delivery, with 95% of expenses dedicated to programs in 2023.
- Strong financial health with assets significantly exceeding liabilities (L1 indicates minimal liabilities).
Frequently Asked Questions about Ricker College Scholarship & Endowment Committee
What does Ricker College Scholarship & Endowment Committee do?
Ricker College Scholarship & Endowment Committee is a nonprofit organization in the Unknown sector, located in Houlton, Maine. It is classified under NTEE code Unknown.
How much revenue does Ricker College Scholarship & Endowment Committee have?
Ricker College Scholarship & Endowment Committee reported total revenue of $2,372,847. Based on 10 IRS 990 filings on record.
What are Ricker College Scholarship & Endowment Committee's total assets?
Ricker College Scholarship & Endowment Committee holds total assets of $5,882,086 as reported in IRS 990 filings.
Where is Ricker College Scholarship & Endowment Committee located?
Ricker College Scholarship & Endowment Committee is based in Houlton, Maine.
What is Ricker College Scholarship & Endowment Committee's EIN?
Ricker College Scholarship & Endowment Committee's Employer Identification Number (EIN) is 222709285. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ricker College Scholarship & Endowment Committee?
Ricker College Scholarship & Endowment Committee is classified under NTEE code Unknown (Unknown).
Is Ricker College Scholarship & Endowment Committee a registered 501(c)(3)?
Ricker College Scholarship & Endowment Committee appears in IRS records (EIN: 222709285). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ricker College Scholarship & Endowment Committee file IRS Form 990?
Yes, Ricker College Scholarship & Endowment Committee has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Ricker College Scholarship & Endowment Committee's revenue in 2023?
In the 202312 filing period, Ricker College Scholarship & Endowment Committee reported total revenue of $286,645, total expenses of $333,640, and net assets of $4,526,514.
Is Ricker College Scholarship & Endowment Committee's revenue growing or declining?
Ricker College Scholarship & Endowment Committee's revenue is growing. Revenue went from $137,656 (202212) to $286,645 (202312), a +108.2% change. Based on 10 filings on record.
What is Ricker College Scholarship & Endowment Committee's most recent 990 filing?
The most recent IRS Form 990 filing for Ricker College Scholarship & Endowment Committee covers tax period 202312. It shows revenue of $286,645, expenses of $333,640, total assets of $4,526,514, and liabilities of $1.
How much does Ricker College Scholarship & Endowment Committee spend on programs vs administration?
Based on IRS 990 analysis, Ricker College Scholarship & Endowment Committee allocates approximately 95% of expenses to program services, 5% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is Ricker College Scholarship & Endowment Committee a trustworthy charity?
Based on AI analysis of IRS 990 data, Ricker College Scholarship & Endowment Committee appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Ricker College Scholarship & Endowment Committee's strengths?
Positive indicators for Ricker College Scholarship & Endowment Committee include: Consistent asset growth from $2.46M in 2015 to $4.52M in 2023.. Extremely low administrative and fundraising overhead, with 0% fundraising costs reported.. Focus on program delivery, with 95% of expenses dedicated to programs in 2023.. Strong financial health with assets significantly exceeding liabilities (L1 indicates minimal liabilities).. These findings are derived from AI analysis of the organization's financial filings.
How does Ricker College Scholarship & Endowment Committee compensate executives?
Executive compensation is not reported in the available filings, indicating it is likely below the IRS reporting threshold or not paid. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% fundraising costs, how does the organization effectively solicit donations and manage its endowment without incurring direct fundraising expenses?
The organization likely relies on passive income from its endowment, direct appeals to a dedicated donor base, or volunteer efforts for fundraising, which would not be reported as direct fundraising expenses on the Form 990.
With 'Endowment Committee' in its name, what is the strategy for managing and growing the endowment to ensure long-term sustainability for scholarships?
The consistent growth in assets from $2.46M in 2015 to $4.52M in 2023 suggests a successful investment strategy for the endowment, allowing for sustained scholarship disbursements while preserving capital.
Filing History
IRS 990 filing history for Ricker College Scholarship & Endowment Committee showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ricker College Scholarship & Endowment Committee's revenue has declined by 7.4%, moving from $310K to $287K. Total assets increased by 128.6% over the same period, from $2.0M to $4.5M. Total functional expenses rose by 110.9%, from $158K to $334K. In its most recent filing year (2023), Ricker College Scholarship & Endowment Committee reported a deficit of $47K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $287K | $334K | $4.5M | $1 | — | View 990 |
| 2022 | $138K | $178K | $4.0M | $1 | — | View 990 |
| 2021 | $260K | $108K | $5.2M | $1 | — | View 990 |
| 2020 | $292K | $195K | $4.3M | $1 | — | — |
| 2019 | $319K | $221K | $3.8M | $0 | — | View 990 |
| 2015 | $106K | $204K | $2.5M | $1 | — | View 990 |
| 2014 | $342K | $186K | $2.6M | $1 | — | View 990 |
| 2013 | $224K | $158K | $2.4M | $1 | — | View 990 |
| 2012 | $524K | $168K | $2.3M | $1 | — | View 990 |
| 2011 | $310K | $158K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $287K, expenses of $334K, and assets of $4.5M (revenue +108.2% year-over-year).
- 2022: Revenue of $138K, expenses of $178K, and assets of $4.0M (revenue -47.1% year-over-year).
- 2021: Revenue of $260K, expenses of $108K, and assets of $5.2M (revenue -11.0% year-over-year).
- 2020: Revenue of $292K, expenses of $195K, and assets of $4.3M (revenue -8.3% year-over-year).
- 2019: Revenue of $319K, expenses of $221K, and assets of $3.8M (revenue +199.7% year-over-year).
- 2015: Revenue of $106K, expenses of $204K, and assets of $2.5M (revenue -68.9% year-over-year).
- 2014: Revenue of $342K, expenses of $186K, and assets of $2.6M (revenue +53.1% year-over-year).
- 2013: Revenue of $224K, expenses of $158K, and assets of $2.4M (revenue -57.3% year-over-year).
- 2012: Revenue of $524K, expenses of $168K, and assets of $2.3M (revenue +69.2% year-over-year).
- 2011: Revenue of $310K, expenses of $158K, and assets of $2.0M.
Data Sources and Methodology
This transparency report for Ricker College Scholarship & Endowment Committee 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.