Robert H And Eleanor S Heald Trust
Robert H And Eleanor S Heald Trust maintains stable assets and minimal liabilities with no officer compensation.
EIN: 16131271 · Camden, ME · NTEE: T22J · Updated: 2026-03-28
Is Robert H And Eleanor S Heald Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Robert H And Eleanor S Heald Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Robert H And Eleanor S Heald Trust
Robert H And Eleanor S Heald Trust (EIN: 16131271) is a nonprofit organization based in Camden, ME, classified under NTEE code T22J. The organization reported total revenue of $450K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Robert H And Eleanor S Heald Trust'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 Robert H And Eleanor S Heald Trust 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, Robert H And Eleanor S Heald Trust 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
The organization consistently reports 0% officer compensation across all available filings, indicating that its operations are managed without paid executive staff or that such compensation is not reported in this section, which is common for trusts managed by fiduciaries.
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 Robert H And Eleanor S Heald Trust:
- Consistent financial reporting with 10 filings available.
- Strong asset base, consistently over $1 million.
- Minimal liabilities ($1 across all filings), indicating excellent financial health.
- No officer compensation reported, suggesting efficient management or volunteer leadership.
- Stable expense levels despite revenue fluctuations, indicating predictable operations.
Frequently Asked Questions about Robert H And Eleanor S Heald Trust
Is Robert H And Eleanor S Heald Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Robert H And Eleanor S Heald Trust (EIN: 16131271) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Robert H And Eleanor S Heald Trust spend its money?
Robert H And Eleanor S Heald Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Robert H And Eleanor S Heald Trust tax-deductible?
Robert H And Eleanor S Heald Trust is registered as a tax-exempt nonprofit (EIN: 16131271). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary purpose or grantmaking focus of the Robert H And Eleanor S Heald Trust?
Based on the NTEE code T22J (Private Grantmaking Foundations), the trust's primary purpose is likely to make grants to other organizations or individuals, though specific beneficiaries are not detailed in the provided data.
How does the trust manage its expenses given its fluctuating revenue?
The trust's expenses have generally been consistent, ranging from $92,604 to $114,564 in recent years, despite revenue fluctuations. This suggests a stable operational budget, likely supported by its substantial asset base rather than solely relying on annual revenue.
Are there any concerns regarding the trust's financial stability?
No, the trust appears financially stable. Its assets have consistently been over $1 million, reaching $1,453,760 in the latest period, and liabilities are consistently reported as $1, indicating a very strong financial position.
Filing History
IRS 990 filing history for Robert H And Eleanor S Heald Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Robert H And Eleanor S Heald Trust's revenue has grown by 317.7%, moving from $23K to $94K. Total assets increased by 35.9% over the same period, from $1.0M to $1.4M. Total functional expenses rose by 96.6%, from $47K to $93K. In its most recent filing year (2023), Robert H And Eleanor S Heald Trust reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $93K | $1.4M | $1 | — | — |
| 2022 | $15K | $114K | $1.4M | $1 | — | View 990 |
| 2021 | $20K | $115K | $1.5M | $1 | — | View 990 |
| 2020 | $79K | $102K | $1.6M | $1 | — | View 990 |
| 2019 | $129K | $96K | $1.6M | $1 | — | View 990 |
| 2015 | $70K | $70K | $907K | $1 | — | View 990 |
| 2014 | $56K | $87K | $906K | $1 | — | View 990 |
| 2013 | $41K | $69K | $937K | $1 | — | View 990 |
| 2012 | $-1,581 | $60K | $965K | $1 | — | View 990 |
| 2011 | $23K | $47K | $1.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $93K, and assets of $1.4M (revenue +543.8% year-over-year).
- 2022: Revenue of $15K, expenses of $114K, and assets of $1.4M (revenue -28.2% year-over-year).
- 2021: Revenue of $20K, expenses of $115K, and assets of $1.5M (revenue -74.0% year-over-year).
- 2020: Revenue of $79K, expenses of $102K, and assets of $1.6M (revenue -39.2% year-over-year).
- 2019: Revenue of $129K, expenses of $96K, and assets of $1.6M (revenue +83.5% year-over-year).
- 2015: Revenue of $70K, expenses of $70K, and assets of $907K (revenue +25.1% year-over-year).
- 2014: Revenue of $56K, expenses of $87K, and assets of $906K (revenue +38.4% year-over-year).
- 2013: Revenue of $41K, expenses of $69K, and assets of $937K.
- 2012: Revenue of $-1,581, expenses of $60K, and assets of $965K (revenue -107.0% year-over-year).
- 2011: Revenue of $23K, expenses of $47K, and assets of $1.0M.
Data Sources and Methodology
This transparency report for Robert H And Eleanor S Heald Trust 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.