Rotary Club Of Boothbay Harbor Foundation Inc
Rotary Club Of Boothbay Harbor Foundation consistently operates with 0% officer compensation, demonstrating strong volunteer commitment.
EIN: 10535197 · Boothbay Hbr, ME · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $108K |
| Total Expenses | $126K |
| Program Spending | 90% |
| Net Assets | $229K |
| Transparency Score | 85/100 |
Is Rotary Club Of Boothbay Harbor Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rotary Club Of Boothbay Harbor Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rotary Club Of Boothbay Harbor Foundation Inc
Rotary Club Of Boothbay Harbor Foundation Inc (EIN: 10535197) is a nonprofit organization based in Boothbay Hbr, ME, classified under NTEE code B82. The organization reported total revenue of $108K and total assets of $330K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rotary Club Of Boothbay Harbor Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rotary Club Of Boothbay Harbor Foundation Inc is a small nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $126K |
| Surplus / Deficit | $-17,682 |
| Total Assets | $330K |
| Total Liabilities | $101K |
| Net Assets | $229K |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 30.7% |
| Months of Reserves | 31.5 months |
Financial Health Grade: B
In 2024, Rotary Club Of Boothbay Harbor Foundation Inc reported a deficit of $18K with expenses exceeding revenue, holds 31.5 months of operating reserves (strong position), has a debt-to-asset ratio of 30.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Rotary Club Of Boothbay Harbor Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -18.3% | -18.6% | -6.9% |
| 2023 | -20.4% | +370.7% | -24.5% |
| 2022 | +9.8% | -58.4% | +46.1% |
| 2021 | +53.2% | -22.3% | +31.8% |
| 2020 | -0.3% | -35.2% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Rotary Club Of Boothbay Harbor Foundation Inc 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, Rotary Club Of Boothbay Harbor Foundation Inc 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.7%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of this size.
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 Rotary Club Of Boothbay Harbor Foundation Inc's IRS 990 filings:
- Fluctuating revenue and expense figures, indicating potential inconsistency in financial operations or project-based funding.
- Significant increase in liabilities in 202306 ($405,866) which was then substantially reduced in 202406, suggesting large, temporary financial obligations.
Strengths
The following positive indicators were identified for Rotary Club Of Boothbay Harbor Foundation Inc:
- Consistently reports 0% officer compensation, demonstrating strong volunteer commitment and efficient use of funds.
- Strong program focus, with a high percentage of spending directed towards its mission.
- Maintains a healthy asset base ($329,767 in 202406) relative to its annual revenue, providing financial stability.
- Long filing history (14 filings) indicates consistent operation and transparency.
Frequently Asked Questions about Rotary Club Of Boothbay Harbor Foundation Inc
Is Rotary Club Of Boothbay Harbor Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rotary Club Of Boothbay Harbor Foundation Inc (EIN: 10535197) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Rotary Club Of Boothbay Harbor Foundation Inc spend its money?
Rotary Club Of Boothbay Harbor Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rotary Club Of Boothbay Harbor Foundation Inc tax-deductible?
Rotary Club Of Boothbay Harbor Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10535197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Rotary Club Of Boothbay Harbor Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rotary Club Of Boothbay Harbor Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rotary Club Of Boothbay Harbor Foundation Inc located?
Rotary Club Of Boothbay Harbor Foundation Inc is headquartered in Boothbay Hbr, Maine and files with the IRS under EIN 10535197. It is classified under NTEE code B82.
How many years of IRS 990 filings does Rotary Club Of Boothbay Harbor Foundation Inc have?
Rotary Club Of Boothbay Harbor Foundation Inc has 14 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 $108K in total revenue.
Is Rotary Club Of Boothbay Harbor Foundation Inc a good charity?
Based on the available data, the Rotary Club Of Boothbay Harbor Foundation Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission and operational costs. Its program spending is high, and it maintains a healthy asset base relative to its revenue.
How does the organization manage its liabilities?
The organization's liabilities have fluctuated significantly, from $0 in 201706 to $405,866 in 202306, and then down to $101,097 in 202406. While the latest figure is manageable against its assets, the past spikes suggest potential short-term financial obligations that are being managed.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, peaking at $165,818 in 202206 and most recently at $107,842 in 202406. Expenses have also varied, with a notable high of $154,266 in 202306 and a low of $32,774 in 202206. This variability suggests that the organization's financial activities may be event-driven or project-specific.
Filing History
IRS 990 filing history for Rotary Club Of Boothbay Harbor Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Rotary Club Of Boothbay Harbor Foundation Inc's revenue has grown by 154.1%, moving from $42K to $108K. Total assets increased by 2490.5% over the same period, from $13K to $330K. Total functional expenses rose by 280.1%, from $33K to $126K. In its most recent filing year (2024), Rotary Club Of Boothbay Harbor Foundation Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $101K in liabilities against $330K in assets (debt-to-asset ratio: 30.7%), resulting in net assets of $229K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $108K | $126K | $330K | $101K | — | — |
| 2023 | $132K | $154K | $354K | $406K | — | View 990 |
| 2022 | $166K | $33K | $469K | $240K | — | View 990 |
| 2021 | $151K | $79K | $321K | $223K | — | View 990 |
| 2020 | $99K | $101K | $244K | $244K | — | View 990 |
| 2019 | $99K | $157K | $253K | $224K | — | View 990 |
| 2018 | $98K | $99K | $258K | $230K | — | View 990 |
| 2017 | $75K | $78K | $29K | $0 | — | View 990 |
| 2016 | $113K | $100K | $32K | $0 | — | View 990 |
| 2015 | $94K | $82K | $20K | $0 | — | View 990 |
| 2014 | $59K | $76K | $7K | $0 | — | View 990 |
| 2013 | $61K | $61K | $25K | $0 | — | View 990 |
| 2012 | $117K | $103K | $25K | $0 | — | View 990 |
| 2011 | $42K | $33K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $108K, expenses of $126K, and assets of $330K (revenue -18.3% year-over-year).
- 2023: Revenue of $132K, expenses of $154K, and assets of $354K (revenue -20.4% year-over-year).
- 2022: Revenue of $166K, expenses of $33K, and assets of $469K (revenue +9.8% year-over-year).
- 2021: Revenue of $151K, expenses of $79K, and assets of $321K (revenue +53.2% year-over-year).
- 2020: Revenue of $99K, expenses of $101K, and assets of $244K (revenue -0.3% year-over-year).
- 2019: Revenue of $99K, expenses of $157K, and assets of $253K (revenue +1.0% year-over-year).
- 2018: Revenue of $98K, expenses of $99K, and assets of $258K (revenue +30.6% year-over-year).
- 2017: Revenue of $75K, expenses of $78K, and assets of $29K (revenue -33.5% year-over-year).
- 2016: Revenue of $113K, expenses of $100K, and assets of $32K (revenue +19.9% year-over-year).
- 2015: Revenue of $94K, expenses of $82K, and assets of $20K (revenue +60.4% year-over-year).
- 2014: Revenue of $59K, expenses of $76K, and assets of $7K (revenue -3.8% year-over-year).
- 2013: Revenue of $61K, expenses of $61K, and assets of $25K (revenue -48.0% year-over-year).
- 2012: Revenue of $117K, expenses of $103K, and assets of $25K (revenue +176.0% year-over-year).
- 2011: Revenue of $42K, expenses of $33K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rotary Club Of Boothbay Harbor Foundation Inc:
Data Sources and Methodology
This transparency report for Rotary Club Of Boothbay Harbor Foundation Inc 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.