Salt Bay Chamberfest
Salt Bay Chamberfest maintains stable finances with consistent revenue and expenses, reporting no officer compensation.
EIN: 10533841 · Damariscotta, ME · NTEE: A68 · Updated: 2026-03-28
Is Salt Bay Chamberfest Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salt Bay Chamberfest directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salt Bay Chamberfest
Salt Bay Chamberfest (EIN: 10533841) is a nonprofit organization based in Damariscotta, ME, classified under NTEE code A68. The organization reported total revenue of $248K and total assets of $322K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salt Bay Chamberfest'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 Salt Bay Chamberfest with a Mission Score of 90 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, Salt Bay Chamberfest 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization 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.
Strengths
The following positive indicators were identified for Salt Bay Chamberfest:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Stable asset base ($296,797 in 202312) relative to its operational size.
- Strong record of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Modest surplus in the latest filing (202312: $214,917 revenue vs. $202,378 expenses), indicating sound financial management.
- Low liabilities compared to assets, suggesting a healthy balance sheet.
Frequently Asked Questions about Salt Bay Chamberfest
Is Salt Bay Chamberfest a legitimate charity?
Based on AI analysis of IRS 990 filings, Salt Bay Chamberfest (EIN: 10533841) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Salt Bay Chamberfest spend its money?
Salt Bay Chamberfest directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salt Bay Chamberfest tax-deductible?
Salt Bay Chamberfest is registered as a tax-exempt nonprofit (EIN: 10533841). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Salt Bay Chamberfest a good charity?
Based on the available IRS 990 data, Salt Bay Chamberfest appears to be a well-managed and efficient charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its financial health is stable, with assets consistently outweighing liabilities, and it maintains a good record of transparency through regular 990 filings.
How does Salt Bay Chamberfest manage its administrative costs?
The consistent reporting of 0% officer compensation strongly suggests that Salt Bay Chamberfest operates with very low administrative overhead, particularly concerning executive salaries. This implies a highly efficient, possibly volunteer-driven, administrative structure, allowing more funds to be allocated to program delivery.
Has Salt Bay Chamberfest experienced financial instability?
While Salt Bay Chamberfest has experienced years where expenses exceeded revenue (e.g., 202212 with $177,670 revenue vs. $195,680 expenses), these periods have been balanced by other years of surplus. The organization's overall asset base has remained robust and stable over time, indicating no significant long-term financial instability.
Filing History
IRS 990 filing history for Salt Bay Chamberfest showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Salt Bay Chamberfest's revenue has grown by 43.3%, moving from $150K to $215K. Total assets increased by 2044.8% over the same period, from $14K to $297K. Total functional expenses rose by 40%, from $145K to $202K. In its most recent filing year (2023), Salt Bay Chamberfest reported a surplus of $13K, with revenue exceeding expenses. The organization holds $90K in liabilities against $297K in assets (debt-to-asset ratio: 30.5%), resulting in net assets of $206K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $202K | $297K | $90K | — | View 990 |
| 2022 | $178K | $196K | $269K | $75K | — | View 990 |
| 2021 | $189K | $178K | $323K | $111K | — | View 990 |
| 2020 | $142K | $130K | $282K | $80K | — | View 990 |
| 2019 | $209K | $225K | $243K | $53K | — | View 990 |
| 2018 | $139K | $190K | $238K | $32K | — | View 990 |
| 2017 | $145K | $191K | $293K | $51K | — | View 990 |
| 2016 | $132K | $181K | $301K | $19K | — | View 990 |
| 2015 | $145K | $196K | $331K | $200 | — | View 990 |
| 2014 | $151K | $203K | $385K | $199 | — | View 990 |
| 2013 | $197K | $194K | $21K | $1K | — | View 990 |
| 2012 | $169K | $166K | $18K | $2K | — | View 990 |
| 2011 | $150K | $145K | $14K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $202K, and assets of $297K (revenue +21.0% year-over-year).
- 2022: Revenue of $178K, expenses of $196K, and assets of $269K (revenue -5.9% year-over-year).
- 2021: Revenue of $189K, expenses of $178K, and assets of $323K (revenue +33.3% year-over-year).
- 2020: Revenue of $142K, expenses of $130K, and assets of $282K (revenue -32.3% year-over-year).
- 2019: Revenue of $209K, expenses of $225K, and assets of $243K (revenue +50.6% year-over-year).
- 2018: Revenue of $139K, expenses of $190K, and assets of $238K (revenue -4.1% year-over-year).
- 2017: Revenue of $145K, expenses of $191K, and assets of $293K (revenue +9.5% year-over-year).
- 2016: Revenue of $132K, expenses of $181K, and assets of $301K (revenue -8.8% year-over-year).
- 2015: Revenue of $145K, expenses of $196K, and assets of $331K (revenue -4.3% year-over-year).
- 2014: Revenue of $151K, expenses of $203K, and assets of $385K (revenue -23.2% year-over-year).
- 2013: Revenue of $197K, expenses of $194K, and assets of $21K (revenue +16.3% year-over-year).
- 2012: Revenue of $169K, expenses of $166K, and assets of $18K (revenue +12.9% year-over-year).
- 2011: Revenue of $150K, expenses of $145K, and assets of $14K.
Data Sources and Methodology
This transparency report for Salt Bay Chamberfest 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.