Schoolhouse Arts Center At Sebago Lake
Schoolhouse Arts Center operates leanly with consistent revenue and no reported officer compensation.
EIN: 10453418 · Standish, ME · NTEE: A25Z · Updated: 2026-03-28
Is Schoolhouse Arts Center At Sebago Lake Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Schoolhouse Arts Center At Sebago Lake directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Schoolhouse Arts Center At Sebago Lake
Schoolhouse Arts Center At Sebago Lake (EIN: 10453418) is a nonprofit organization based in Standish, ME, classified under NTEE code A25Z. The organization reported total revenue of $250K and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schoolhouse Arts Center At Sebago Lake'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 Schoolhouse Arts Center At Sebago Lake 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: 85%
- fundraising: 5%
According to IRS 990 filings, Schoolhouse Arts Center At Sebago Lake 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
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure and efficient use of funds, especially for an organization with revenues reaching over $230,000 in recent years.
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 Schoolhouse Arts Center At Sebago Lake:
- No reported officer compensation, indicating volunteer leadership and efficient use of funds.
- Consistent growth in revenue, particularly in recent years, suggesting increasing support.
- High program efficiency, with expenses closely matching revenues (e.g., 2023: $232,403 revenue, $227,553 expenses).
- Consistent filing of IRS 990s, demonstrating transparency.
- Positive asset growth from $2,023 in 2011 to $46,458 in 2023.
Frequently Asked Questions about Schoolhouse Arts Center At Sebago Lake
Is Schoolhouse Arts Center At Sebago Lake a legitimate charity?
Based on AI analysis of IRS 990 filings, Schoolhouse Arts Center At Sebago Lake (EIN: 10453418) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Schoolhouse Arts Center At Sebago Lake spend its money?
Schoolhouse Arts Center At Sebago Lake directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Schoolhouse Arts Center At Sebago Lake tax-deductible?
Schoolhouse Arts Center At Sebago Lake is registered as a tax-exempt nonprofit (EIN: 10453418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Schoolhouse Arts Center At Sebago Lake a good charity?
Based on the available data, the organization appears to be a good charity. It operates with no reported officer compensation, indicating a strong commitment to its mission, and consistently spends nearly all its revenue on its programs and operations, as evidenced by the close proximity of revenues and expenses (e.g., $232,403 revenue vs. $227,553 expenses in 2023).
How has the organization's revenue trended over time?
The organization's revenue has shown significant growth, increasing from around $70,000-$100,000 in the early 2010s to over $230,000 in recent years (2022-2023), indicating increased community support or program expansion.
What is the organization's financial stability?
While the organization operates leanly with expenses closely matching revenues, its assets have grown from $2,023 in 2011 to $46,458 in 2023, suggesting a modest but improving financial foundation. Liabilities are also managed, staying below assets in recent years.
Filing History
IRS 990 filing history for Schoolhouse Arts Center At Sebago Lake showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Schoolhouse Arts Center At Sebago Lake's revenue has grown by 227.5%, moving from $71K to $232K. Total assets increased by 2196.5% over the same period, from $2K to $46K. Total functional expenses rose by 187.1%, from $79K to $228K. In its most recent filing year (2023), Schoolhouse Arts Center At Sebago Lake reported a surplus of $5K, with revenue exceeding expenses. The organization holds $25K in liabilities against $46K in assets (debt-to-asset ratio: 54.4%), resulting in net assets of $21K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $232K | $228K | $46K | $25K | — | — |
| 2022 | $241K | $237K | $44K | $27K | — | View 990 |
| 2021 | $109K | $80K | $42K | $29K | — | View 990 |
| 2015 | $87K | $86K | $48K | $21K | — | View 990 |
| 2014 | $107K | $118K | $56K | $23K | — | View 990 |
| 2013 | $62K | $78K | $62K | $25K | — | View 990 |
| 2012 | $101K | $88K | $79K | $26K | — | View 990 |
| 2011 | $71K | $79K | $2K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $232K, expenses of $228K, and assets of $46K (revenue -3.4% year-over-year).
- 2022: Revenue of $241K, expenses of $237K, and assets of $44K (revenue +119.9% year-over-year).
- 2021: Revenue of $109K, expenses of $80K, and assets of $42K (revenue +25.6% year-over-year).
- 2015: Revenue of $87K, expenses of $86K, and assets of $48K (revenue -18.6% year-over-year).
- 2014: Revenue of $107K, expenses of $118K, and assets of $56K (revenue +72.8% year-over-year).
- 2013: Revenue of $62K, expenses of $78K, and assets of $62K (revenue -38.5% year-over-year).
- 2012: Revenue of $101K, expenses of $88K, and assets of $79K (revenue +42.0% year-over-year).
- 2011: Revenue of $71K, expenses of $79K, and assets of $2K.
Data Sources and Methodology
This transparency report for Schoolhouse Arts Center At Sebago Lake 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.