Seal Cove Auto Museum
Seal Cove Auto Museum maintains over $1 million in assets with no reported officer compensation.
EIN: 10277592 · Seal Cove, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $572K |
| Total Expenses | $482K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $924K |
| Transparency Score | 85/100 |
Is Seal Cove Auto Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seal Cove Auto Museum directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seal Cove Auto Museum
Seal Cove Auto Museum (EIN: 10277592) is a nonprofit organization based in Seal Cove, ME. The organization reported total revenue of $572K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seal Cove Auto Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seal Cove Auto Museum is a small nonprofit that has been operating for 60 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $467K |
| Total Expenses | $482K |
| Surplus / Deficit | $-14,731 |
| Total Assets | $1.0M |
| Total Liabilities | $78K |
| Net Assets | $924K |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 7.8% |
| Months of Reserves | 25.0 months |
Financial Health Grade: B
In 2023, Seal Cove Auto Museum reported a deficit of $15K with expenses exceeding revenue, holds 25.0 months of operating reserves (strong position), has a debt-to-asset ratio of 7.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Seal Cove Auto Museum's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.9% | +11.8% | -1.9% |
| 2022 | -33.2% | +22.8% | +6.4% |
| 2021 | +72.1% | -21.4% | +43.5% |
| 2020 | -8.3% | -16.1% | -9.1% |
| 2019 | +25.3% | +37.1% | -12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1966 |
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 Cove Auto Museum 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, Seal Cove Auto Museum 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 deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization of its size with over $1 million in assets and nearly $600,000 in annual revenue.
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 Cove Auto Museum's IRS 990 filings:
- Fluctuating revenue year-over-year, requiring careful monitoring of fundraising strategies.
Strengths
The following positive indicators were identified for Seal Cove Auto Museum:
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication of funds to mission.
- Healthy asset base, consistently over $1 million in recent years, providing financial stability.
- Long history of IRS 990 filings (10 filings), demonstrating transparency and compliance.
- Low liabilities relative to assets, indicating sound financial management.
Frequently Asked Questions about Seal Cove Auto Museum
Is Seal Cove Auto Museum a legitimate charity?
Seal Cove Auto Museum (EIN: 10277592) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $572K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Seal Cove Auto Museum spend its money?
Seal Cove Auto Museum directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seal Cove Auto Museum tax-deductible?
Seal Cove Auto Museum is registered as a tax-exempt nonprofit (EIN: 10277592). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seal Cove Auto Museum CEO make?
Seal Cove Auto Museum's highest-compensated officer earns $1 annually. The organization reported $572K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seal Cove Auto Museum's spending goes to programs?
Seal Cove Auto Museum directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Seal Cove Auto Museum located?
Seal Cove Auto Museum is headquartered in Seal Cove, Maine and files with the IRS under EIN 10277592.
How many years of IRS 990 filings does Seal Cove Auto Museum have?
Seal Cove Auto Museum has 10 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 $572K in total revenue.
Is Seal Cove Auto Museum a good charity?
Based on the available financial data, the Seal Cove Auto Museum appears to be a good charity. It maintains a healthy asset base, consistently files its IRS 990s, and notably reports 0% officer compensation, suggesting a strong dedication of resources to its mission.
How has the museum's revenue trended over the past few years?
The museum's revenue has fluctuated, with a peak of $735,715 in 2021, followed by $491,472 in 2022, and $467,380 in 2023. The latest reported revenue is $572,266, indicating some variability but generally strong fundraising capabilities.
What is the organization's financial stability?
The organization demonstrates good financial stability, with assets consistently over $1 million in recent years (e.g., $1,002,422 in 2023, $1,021,378 in 2022) and relatively low liabilities (e.g., $78,475 in 2023).
Filing History
IRS 990 filing history for Seal Cove Auto Museum showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Seal Cove Auto Museum's revenue has grown by 76%, moving from $266K to $467K. Total assets increased by 56.1% over the same period, from $642K to $1.0M. Total functional expenses rose by 67.5%, from $288K to $482K. In its most recent filing year (2023), Seal Cove Auto Museum reported a deficit of $15K, with expenses exceeding revenue. The organization holds $78K in liabilities against $1.0M in assets (debt-to-asset ratio: 7.8%), resulting in net assets of $924K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $467K | $482K | $1.0M | $78K | — | — |
| 2022 | $491K | $431K | $1.0M | $83K | — | View 990 |
| 2021 | $736K | $351K | $960K | $81K | — | View 990 |
| 2020 | $427K | $447K | $669K | $174K | — | — |
| 2019 | $466K | $533K | $736K | $11K | — | View 990 |
| 2015 | $372K | $389K | $840K | $11K | — | View 990 |
| 2014 | $363K | $349K | $858K | $12K | — | View 990 |
| 2013 | $391K | $303K | $840K | $6K | — | View 990 |
| 2012 | $352K | $244K | $747K | $1K | — | View 990 |
| 2011 | $266K | $288K | $642K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $467K, expenses of $482K, and assets of $1.0M (revenue -4.9% year-over-year).
- 2022: Revenue of $491K, expenses of $431K, and assets of $1.0M (revenue -33.2% year-over-year).
- 2021: Revenue of $736K, expenses of $351K, and assets of $960K (revenue +72.1% year-over-year).
- 2020: Revenue of $427K, expenses of $447K, and assets of $669K (revenue -8.3% year-over-year).
- 2019: Revenue of $466K, expenses of $533K, and assets of $736K (revenue +25.3% year-over-year).
- 2015: Revenue of $372K, expenses of $389K, and assets of $840K (revenue +2.4% year-over-year).
- 2014: Revenue of $363K, expenses of $349K, and assets of $858K (revenue -7.1% year-over-year).
- 2013: Revenue of $391K, expenses of $303K, and assets of $840K (revenue +10.9% year-over-year).
- 2012: Revenue of $352K, expenses of $244K, and assets of $747K (revenue +32.8% year-over-year).
- 2011: Revenue of $266K, expenses of $288K, and assets of $642K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seal Cove Auto Museum:
Data Sources and Methodology
This transparency report for Seal Cove Auto Museum 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.