Round Pond Village Improvement Society
Round Pond Village Improvement Society reports significant revenue surplus and zero liabilities in latest filing.
EIN: 10338684 · Round Pond, ME · NTEE: N11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $217K |
| Total Expenses | $17K |
| Program Spending | 90% |
| Net Assets | $232K |
| Transparency Score | 95/100 |
Is Round Pond Village Improvement Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Round Pond Village Improvement Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Round Pond Village Improvement Society
Round Pond Village Improvement Society (EIN: 10338684) is a nonprofit organization based in Round Pond, ME, classified under NTEE code N11. The organization reported total revenue of $217K and total assets of $288K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Round Pond Village Improvement Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Round Pond Village Improvement Society is a small nonprofit that has been operating for 10 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $17K |
| Surplus / Deficit | +$74K |
| Total Assets | $232K |
| Net Assets | $232K |
| Operating Margin | 81.7% |
| Months of Reserves | 167.2 months |
Financial Health Grade: A
In 2023, Round Pond Village Improvement Society reported a surplus of $74K with revenue exceeding expenses, holds 167.2 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2016 |
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 Round Pond Village Improvement Society 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, Round Pond Village Improvement Society 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $74K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reported 0% officer compensation, indicating a volunteer-led structure, which is highly efficient for an organization of its size and contributes to its strong financial position.
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 Round Pond Village Improvement Society:
- Strong financial health with significant revenue surplus ($91,126 revenue vs. $16,666 expenses in 202312).
- Zero liabilities, indicating a very stable financial position.
- No officer compensation, suggesting a volunteer-driven and highly efficient operational model.
- High spending efficiency, with a large portion of revenue retained to build assets ($232,212 in assets).
Frequently Asked Questions about Round Pond Village Improvement Society
Is Round Pond Village Improvement Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Round Pond Village Improvement Society (EIN: 10338684) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Round Pond Village Improvement Society spend its money?
Round Pond Village Improvement Society directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Round Pond Village Improvement Society tax-deductible?
Round Pond Village Improvement Society is registered as a tax-exempt nonprofit (EIN: 10338684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Round Pond Village Improvement Society compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Round Pond Village Improvement Society is above average for NTEE category N11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Round Pond Village Improvement Society located?
Round Pond Village Improvement Society is headquartered in Round Pond, Maine and files with the IRS under EIN 10338684. It is classified under NTEE code N11.
Is Round Pond Village Improvement Society a good charity?
Based on its 202312 filing, the Round Pond Village Improvement Society appears to be a very good charity. It demonstrates strong financial health with a significant revenue surplus ($91,126 revenue vs. $16,666 expenses), zero liabilities, and no officer compensation, indicating efficient use of funds and a volunteer-driven model.
What is the primary use of the organization's significant revenue surplus?
While the filing shows a substantial revenue surplus, the specific allocation of this surplus (e.g., for future projects, endowment, or specific program expansion) is not detailed in the provided data. It primarily contributes to the growth of its assets, which stood at $232,212.
Filing History
IRS 990 filing history for Round Pond Village Improvement Society showing financial trends over 1 year of public records:
In its most recent filing year (2023), Round Pond Village Improvement Society reported a surplus of $74K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $91K | $17K | $232K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Round Pond Village Improvement Society:
Data Sources and Methodology
This transparency report for Round Pond Village Improvement Society 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.