Seal Bay Festival
Seal Bay Festival reported $13,740 in revenue and $11,782 in expenses in its sole 2014 filing, with no officer compensation.
EIN: 10494981 · Vinalhaven, ME · NTEE: A84 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $12K |
| Program Spending | 85% |
| Transparency Score | 70/100 |
Is Seal Bay Festival Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seal Bay Festival directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seal Bay Festival
Seal Bay Festival (EIN: 10494981) is a nonprofit organization based in Vinalhaven, ME, classified under NTEE code A84. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seal Bay Festival's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seal Bay Festival is a micro nonprofit that has been operating for 31 years.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $12K |
| Surplus / Deficit | +$2K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 14.3% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2014, Seal Bay Festival reported a surplus of $2K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Seal Bay Festival with a Mission Score of 70 out of 100 (Good). 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, Seal Bay Festival 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.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reported 0% officer compensation in its 2014 filing, indicating that its leadership was either unpaid or compensated through non-officer roles, which is common for very small, volunteer-run entities.
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 Seal Bay Festival's IRS 990 filings:
- No recent financial filings or updated data since 2014, indicating potential inactivity or lack of transparency.
- Latest reported revenue and assets are $0, raising questions about current operational status.
Strengths
The following positive indicators were identified for Seal Bay Festival:
- Zero officer compensation in 2014, suggesting a volunteer-driven or highly efficient leadership model.
- Expenses ($11,782) were less than revenue ($13,740) in 2014, indicating financial solvency for that period.
Frequently Asked Questions about Seal Bay Festival
Is Seal Bay Festival a legitimate charity?
Based on AI analysis of IRS 990 filings, Seal Bay Festival (EIN: 10494981) some concerns. Mission Score: 70/100. 2 red flags identified, 2 strengths noted.
How does Seal Bay Festival spend its money?
Seal Bay Festival directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seal Bay Festival tax-deductible?
Seal Bay Festival is registered as a tax-exempt nonprofit (EIN: 10494981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Seal Bay Festival's spending goes to programs?
Seal Bay Festival directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seal Bay Festival compare to similar nonprofits?
With a transparency score of 70/100 (Good), Seal Bay Festival is above average for NTEE category A84 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seal Bay Festival located?
Seal Bay Festival is headquartered in Vinalhaven, Maine and files with the IRS under EIN 10494981. It is classified under NTEE code A84.
Is Seal Bay Festival still active?
Based on the provided data, the latest revenue and assets are $0, and the only filing is from 2014. This suggests the organization may no longer be active or has not filed recent financial information, making its current status unclear.
How does Seal Bay Festival fund its operations?
In 2014, the organization generated $13,740 in revenue. Without more detailed breakdowns from the 990, it's difficult to pinpoint specific funding sources, but for an organization of this size, it likely relies on small donations, grants, or event income.
Filing History
IRS 990 filing history for Seal Bay Festival showing financial trends over 1 year of public records:
In its most recent filing year (2014), Seal Bay Festival reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $14K | $12K | $0 | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seal Bay Festival:
Data Sources and Methodology
This transparency report for Seal Bay Festival 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.