Rockland Festival Corporation
Rockland Festival Corporation shows financial stability with strong program spending and no officer compensation.
EIN: 10224138 · Rockland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $889K |
| Total Expenses | $499K |
| Program Spending | 85% |
| Net Assets | $494K |
| Transparency Score | 88/100 |
Is Rockland Festival Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rockland Festival Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rockland Festival Corporation
Rockland Festival Corporation (EIN: 10224138) is a nonprofit organization based in Rockland, ME. The organization reported total revenue of $889K and total assets of $526K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rockland Festival Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rockland Festival Corporation is a small nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $541K |
| Total Expenses | $499K |
| Surplus / Deficit | +$42K |
| Total Assets | $494K |
| Total Liabilities | $21 |
| Net Assets | $494K |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 11.9 months |
Financial Health Grade: A
In 2023, Rockland Festival Corporation reported a surplus of $42K with revenue exceeding expenses, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rockland Festival Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.7% | +15.3% | +9.2% |
| 2021 | -102.6% | -34.9% | -14.1% |
| 2020 | -97.5% | -71.3% | -16.4% |
| 2019 | +3.1% | +2.4% | -6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
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 Rockland Festival Corporation with a Mission Score of 88 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, Rockland Festival Corporation 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 $42K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Rockland Festival Corporation has reported 0% officer compensation across all available filings, indicating a volunteer-led executive team, which allows more resources to be directed towards its programs.
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 Rockland Festival Corporation's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2021
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations
Strengths
The following positive indicators were identified for Rockland Festival Corporation:
- Consistent 0% officer compensation, maximizing funds for programs
- Strong program spending ratio (estimated 85%)
- Low liabilities, indicating sound financial management
- Consistent IRS 990 filing history demonstrating transparency
- Healthy asset base relative to annual expenses
Frequently Asked Questions about Rockland Festival Corporation
Is Rockland Festival Corporation a legitimate charity?
Rockland Festival Corporation (EIN: 10224138) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $889K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Rockland Festival Corporation spend its money?
Rockland Festival Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Rockland Festival Corporation tax-deductible?
Rockland Festival Corporation is registered as a tax-exempt nonprofit (EIN: 10224138). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rockland Festival Corporation's spending goes to programs?
Rockland Festival Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Rockland Festival Corporation located?
Rockland Festival Corporation is headquartered in Rockland, Maine and files with the IRS under EIN 10224138.
How many years of IRS 990 filings does Rockland Festival Corporation have?
Rockland Festival Corporation 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 $889K in total revenue.
Is Rockland Festival Corporation financially stable?
Yes, the organization appears financially stable, with assets of $494,120 in 2023 and low liabilities of $21. While revenue has fluctuated, recent years show positive trends.
How much of its budget goes to programs?
Based on the analysis, an estimated 85% of its expenses are allocated to program services, indicating a strong focus on its mission.
Does the organization pay its officers?
No, the IRS 990 filings consistently show 0% officer compensation, suggesting a volunteer-based leadership structure.
What caused the negative revenue in 2021?
The filings show a revenue of $-244 in 2021. Further investigation into the specific 990 filing for that year would be needed to understand the exact reasons for this unusual figure, which could be due to accounting adjustments or significant returns/refunds.
Filing History
IRS 990 filing history for Rockland Festival Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rockland Festival Corporation's revenue has grown by 21.4%, moving from $445K to $541K. Total assets decreased by 35.9% over the same period, from $771K to $494K. Total functional expenses rose by 22.6%, from $407K to $499K. In its most recent filing year (2023), Rockland Festival Corporation reported a surplus of $42K, with revenue exceeding expenses. The organization holds $21 in liabilities against $494K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $494K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $541K | $499K | $494K | $21 | — | — |
| 2022 | $411K | $433K | $452K | $89 | — | View 990 |
| 2021 | $-244 | $78K | $477K | $3K | — | View 990 |
| 2020 | $9K | $120K | $555K | $2K | — | View 990 |
| 2019 | $370K | $417K | $664K | $315 | — | View 990 |
| 2018 | $359K | $408K | $711K | $251 | — | View 990 |
| 2017 | $483K | $484K | $761K | $2K | — | View 990 |
| 2016 | $513K | $434K | $763K | $2K | — | View 990 |
| 2015 | $385K | $459K | $708K | $27K | — | View 990 |
| 2014 | $467K | $442K | $761K | $5K | — | View 990 |
| 2013 | $434K | $461K | $732K | $1K | — | View 990 |
| 2012 | $455K | $444K | $769K | $2K | — | View 990 |
| 2011 | $445K | $407K | $771K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $541K, expenses of $499K, and assets of $494K (revenue +31.7% year-over-year).
- 2022: Revenue of $411K, expenses of $433K, and assets of $452K.
- 2021: Revenue of $-244, expenses of $78K, and assets of $477K (revenue -102.6% year-over-year).
- 2020: Revenue of $9K, expenses of $120K, and assets of $555K (revenue -97.5% year-over-year).
- 2019: Revenue of $370K, expenses of $417K, and assets of $664K (revenue +3.1% year-over-year).
- 2018: Revenue of $359K, expenses of $408K, and assets of $711K (revenue -25.6% year-over-year).
- 2017: Revenue of $483K, expenses of $484K, and assets of $761K (revenue -5.8% year-over-year).
- 2016: Revenue of $513K, expenses of $434K, and assets of $763K (revenue +33.4% year-over-year).
- 2015: Revenue of $385K, expenses of $459K, and assets of $708K (revenue -17.7% year-over-year).
- 2014: Revenue of $467K, expenses of $442K, and assets of $761K (revenue +7.6% year-over-year).
- 2013: Revenue of $434K, expenses of $461K, and assets of $732K (revenue -4.6% year-over-year).
- 2012: Revenue of $455K, expenses of $444K, and assets of $769K (revenue +2.2% year-over-year).
- 2011: Revenue of $445K, expenses of $407K, and assets of $771K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rockland Festival Corporation:
Data Sources and Methodology
This transparency report for Rockland Festival Corporation 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.