Seal Harbor Village Improvement Society Inc
Seal Harbor Village Improvement Society consistently operates with no reported officer compensation and stable finances.
EIN: 10216941 · Seal Harbor, ME · NTEE: C500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $220K |
| Total Expenses | $178K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $181,598. |
| Net Assets | $193K |
| Transparency Score | 90/100 |
Is Seal Harbor Village Improvement Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seal Harbor Village Improvement Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seal Harbor Village Improvement Society Inc
Seal Harbor Village Improvement Society Inc (EIN: 10216941) is a nonprofit organization based in Seal Harbor, ME, classified under NTEE code C500. The organization reported total revenue of $220K and total assets of $187K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seal Harbor Village Improvement Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seal Harbor Village Improvement Society Inc is a small nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $178K |
| Surplus / Deficit | +$4K |
| Total Assets | $194K |
| Total Liabilities | $2K |
| Net Assets | $193K |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 13.1 months |
Financial Health Grade: A
In 2024, Seal Harbor Village Improvement Society Inc reported a surplus of $4K with revenue exceeding expenses, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Seal Harbor Village Improvement Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.8% | +8.3% | +4.8% |
| 2023 | +8.8% | +13.2% | +0.4% |
| 2022 | +33.6% | -5.0% | -2.5% |
| 2021 | -33.6% | +3.4% | +1.3% |
| 2020 | +24.5% | +5.5% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
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 Harbor Village Improvement Society Inc 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: 90%
- fundraising: 0%
According to IRS 990 filings, Seal Harbor Village Improvement Society Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with latest revenue of $181,598.
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 Seal Harbor Village Improvement Society Inc:
- Consistent 0% officer compensation, indicating high efficiency and volunteer leadership.
- Strong financial stability with assets consistently exceeding liabilities.
- Robust IRS 990 filing history (13 filings), demonstrating transparency.
- Expenses closely managed relative to revenue, indicating fiscal prudence (e.g., 202406: Revenue $181,598, Expenses $177,573).
- Stable asset base over the long term.
Frequently Asked Questions about Seal Harbor Village Improvement Society Inc
Is Seal Harbor Village Improvement Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Seal Harbor Village Improvement Society Inc (EIN: 10216941) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Seal Harbor Village Improvement Society Inc spend its money?
Seal Harbor Village Improvement Society Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seal Harbor Village Improvement Society Inc tax-deductible?
Seal Harbor Village Improvement Society Inc is registered as a tax-exempt nonprofit (EIN: 10216941). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seal Harbor Village Improvement Society Inc CEO make?
Seal Harbor Village Improvement Society Inc's highest-compensated officer earns $181,598. annually. The organization reported $220K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Seal Harbor Village Improvement Society Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Seal Harbor Village Improvement Society Inc is above average for NTEE category C500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seal Harbor Village Improvement Society Inc located?
Seal Harbor Village Improvement Society Inc is headquartered in Seal Harbor, Maine and files with the IRS under EIN 10216941. It is classified under NTEE code C500.
How many years of IRS 990 filings does Seal Harbor Village Improvement Society Inc have?
Seal Harbor Village Improvement Society 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 $220K in total revenue.
Is Seal Harbor Village Improvement Society Inc a good charity?
Based on the available data, the organization appears to be a good charity. It demonstrates strong financial stability, consistent operations, and a notable commitment to efficiency with 0% reported officer compensation.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses very closely to its revenue. For example, in 202406, revenue was $181,598 and expenses were $177,573, showing a tight operational budget.
What is the trend in the organization's assets?
The organization's assets have remained relatively stable over the past decade, fluctuating between approximately $185,000 and $265,000, with the latest reported assets at $194,400 in 202406.
Filing History
IRS 990 filing history for Seal Harbor Village Improvement Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Seal Harbor Village Improvement Society Inc's revenue has grown by 56.6%, moving from $116K to $182K. Total assets decreased by 26.4% over the same period, from $264K to $194K. Total functional expenses rose by 77.3%, from $100K to $178K. In its most recent filing year (2024), Seal Harbor Village Improvement Society Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $2K in liabilities against $194K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $193K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $182K | $178K | $194K | $2K | — | — |
| 2023 | $158K | $164K | $185K | $2K | — | View 990 |
| 2022 | $145K | $145K | $185K | $589 | — | View 990 |
| 2021 | $109K | $152K | $190K | $589 | — | — |
| 2020 | $164K | $147K | $187K | $922 | — | View 990 |
| 2019 | $132K | $140K | $196K | $3K | — | View 990 |
| 2018 | $108K | $160K | $201K | $9K | — | View 990 |
| 2017 | $201K | $152K | $265K | $3K | — | View 990 |
| 2016 | $127K | $126K | $231K | $3K | — | View 990 |
| 2015 | $117K | $116K | $241K | $2K | — | View 990 |
| 2014 | $96K | $95K | $246K | $2K | — | View 990 |
| 2013 | $73K | $101K | $239K | $2K | — | View 990 |
| 2012 | $116K | $100K | $264K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $182K, expenses of $178K, and assets of $194K (revenue +14.8% year-over-year).
- 2023: Revenue of $158K, expenses of $164K, and assets of $185K (revenue +8.8% year-over-year).
- 2022: Revenue of $145K, expenses of $145K, and assets of $185K (revenue +33.6% year-over-year).
- 2021: Revenue of $109K, expenses of $152K, and assets of $190K (revenue -33.6% year-over-year).
- 2020: Revenue of $164K, expenses of $147K, and assets of $187K (revenue +24.5% year-over-year).
- 2019: Revenue of $132K, expenses of $140K, and assets of $196K (revenue +21.8% year-over-year).
- 2018: Revenue of $108K, expenses of $160K, and assets of $201K (revenue -46.3% year-over-year).
- 2017: Revenue of $201K, expenses of $152K, and assets of $265K (revenue +58.4% year-over-year).
- 2016: Revenue of $127K, expenses of $126K, and assets of $231K (revenue +8.4% year-over-year).
- 2015: Revenue of $117K, expenses of $116K, and assets of $241K (revenue +22.7% year-over-year).
- 2014: Revenue of $96K, expenses of $95K, and assets of $246K (revenue +31.4% year-over-year).
- 2013: Revenue of $73K, expenses of $101K, and assets of $239K (revenue -37.3% year-over-year).
- 2012: Revenue of $116K, expenses of $100K, and assets of $264K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seal Harbor Village Improvement Society Inc:
Data Sources and Methodology
This transparency report for Seal Harbor Village Improvement Society 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.