Sanborn Mills Inc
Sanborn Mills Inc consistently grows assets and operates with significant surpluses, reporting no officer compensation.
EIN: 20523388 · Loudon, NH · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $10.8M |
| Transparency Score | 85/100 |
Is Sanborn Mills Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sanborn Mills Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sanborn Mills Inc
Sanborn Mills Inc (EIN: 20523388) is a nonprofit organization based in Loudon, NH, classified under NTEE code A80. The organization reported total revenue of $2.2M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sanborn Mills Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sanborn Mills Inc is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$456K |
| Total Assets | $11.0M |
| Total Liabilities | $200K |
| Net Assets | $10.8M |
| Operating Margin | 20.0% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 72.4 months |
Financial Health Grade: A
In 2023, Sanborn Mills Inc reported a surplus of $456K with revenue exceeding expenses, holds 72.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sanborn Mills Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.8% | +7.5% | +2.9% |
| 2022 | +23.0% | +37.8% | +9.3% |
| 2021 | +8.2% | -2.2% | +8.5% |
| 2020 | -13.5% | -16.5% | +13.7% |
| 2019 | +2.6% | +23.1% | +10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
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 Sanborn Mills 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sanborn Mills Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $456K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Sanborn Mills Inc consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of its size with over $10 million in assets.
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 Sanborn Mills Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation for an organization with over $10 million in assets, which may warrant further inquiry into compensation structures.
Strengths
The following positive indicators were identified for Sanborn Mills Inc:
- Consistent financial surpluses, indicating strong financial management (e.g., $456,420 surplus in 2023).
- Significant and consistent asset growth over the past decade (from $2M in 2014 to nearly $11M in 2023).
- Low liabilities relative to assets, indicating financial stability (e.g., $200,497 liabilities vs. $10,989,058 assets in 2023).
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Frequently Asked Questions about Sanborn Mills Inc
Is Sanborn Mills Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sanborn Mills Inc (EIN: 20523388) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Sanborn Mills Inc spend its money?
Sanborn Mills Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sanborn Mills Inc tax-deductible?
Sanborn Mills Inc is registered as a tax-exempt nonprofit (EIN: 20523388). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sanborn Mills Inc CEO make?
Sanborn Mills Inc's highest-compensated officer earns $10 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sanborn Mills Inc's spending goes to programs?
Sanborn Mills Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sanborn Mills Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sanborn Mills Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sanborn Mills Inc located?
Sanborn Mills Inc is headquartered in Loudon, New Hampshire and files with the IRS under EIN 20523388. It is classified under NTEE code A80.
How many years of IRS 990 filings does Sanborn Mills Inc have?
Sanborn Mills Inc 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 $2.2M in total revenue.
How does Sanborn Mills Inc manage to operate without reporting any officer compensation?
The filings consistently show 0% officer compensation, which could mean that leadership roles are filled by volunteers, or compensation is structured in a way that it's not reported under 'officer compensation' on the 990 form, such as through a related entity or as general employee salaries.
What are the primary drivers of Sanborn Mills Inc's significant asset growth?
The organization consistently generates more revenue than expenses, leading to annual surpluses. For example, in 2023, revenue was $2,276,959 against expenses of $1,820,539, contributing to asset growth from $2,024,705 in 2014 to $10,989,058 in 2023. This suggests effective fundraising and investment strategies.
What is the NTEE code A80, and how does it relate to Sanborn Mills Inc's mission?
NTEE code A80 typically refers to 'Historical Societies & Historic Preservation.' This suggests Sanborn Mills Inc's mission is focused on preserving history, which aligns with the common activities of organizations that might manage significant assets like historical properties or endowments.
Filing History
IRS 990 filing history for Sanborn Mills Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sanborn Mills Inc's revenue has grown by 381.5%, moving from $473K to $2.3M. Total assets increased by 915.4% over the same period, from $1.1M to $11.0M. Total functional expenses rose by 554.5%, from $278K to $1.8M. In its most recent filing year (2023), Sanborn Mills Inc reported a surplus of $456K, with revenue exceeding expenses. The organization holds $200K in liabilities against $11.0M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $10.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $1.8M | $11.0M | $200K | — | — |
| 2022 | $2.6M | $1.7M | $10.7M | $316K | — | View 990 |
| 2021 | $2.1M | $1.2M | $9.8M | $293K | — | View 990 |
| 2020 | $1.9M | $1.3M | $9.0M | $400K | — | — |
| 2019 | $2.2M | $1.5M | $7.9M | $289 | — | View 990 |
| 2018 | $2.2M | $1.2M | $7.2M | $9K | — | View 990 |
| 2017 | $2.5M | $1.1M | $6.2M | $11K | — | View 990 |
| 2016 | $2.7M | $953K | $4.8M | $10K | — | View 990 |
| 2015 | $2.4M | $1.1M | $3.1M | $68K | — | View 990 |
| 2014 | $1.3M | $931K | $2.0M | $258K | — | View 990 |
| 2013 | $977K | $786K | $1.7M | $316K | — | View 990 |
| 2012 | $975K | $631K | $1.7M | $465K | — | View 990 |
| 2011 | $473K | $278K | $1.1M | $229K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $1.8M, and assets of $11.0M (revenue -11.8% year-over-year).
- 2022: Revenue of $2.6M, expenses of $1.7M, and assets of $10.7M (revenue +23.0% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.2M, and assets of $9.8M (revenue +8.2% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.3M, and assets of $9.0M (revenue -13.5% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.5M, and assets of $7.9M (revenue +2.6% year-over-year).
- 2018: Revenue of $2.2M, expenses of $1.2M, and assets of $7.2M (revenue -12.9% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.1M, and assets of $6.2M (revenue -8.1% year-over-year).
- 2016: Revenue of $2.7M, expenses of $953K, and assets of $4.8M (revenue +14.5% year-over-year).
- 2015: Revenue of $2.4M, expenses of $1.1M, and assets of $3.1M (revenue +82.2% year-over-year).
- 2014: Revenue of $1.3M, expenses of $931K, and assets of $2.0M (revenue +33.9% year-over-year).
- 2013: Revenue of $977K, expenses of $786K, and assets of $1.7M (revenue +0.2% year-over-year).
- 2012: Revenue of $975K, expenses of $631K, and assets of $1.7M (revenue +106.2% year-over-year).
- 2011: Revenue of $473K, expenses of $278K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sanborn Mills Inc:
Data Sources and Methodology
This transparency report for Sanborn Mills 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.