Senator George J Mitchell Scholarship Research Institute
Mitchell Institute consistently maintains strong assets and low liabilities with 0% reported officer compensation.
EIN: 10523390 · Portland, ME · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $3.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $48 |
| Net Assets | $43.4M |
| Transparency Score | 90/100 |
Is Senator George J Mitchell Scholarship Research Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Senator George J Mitchell Scholarship Research Institute directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Senator George J Mitchell Scholarship Research Institute
Senator George J Mitchell Scholarship Research Institute (EIN: 10523390) is a nonprofit organization based in Portland, ME, classified under NTEE code B82. The organization reported total revenue of $5.7M and total assets of $53.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Senator George J Mitchell Scholarship Research Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Senator George J Mitchell Scholarship Research Institute is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$3.1M |
| Total Assets | $48.3M |
| Total Liabilities | $4.9M |
| Net Assets | $43.4M |
| Operating Margin | 49.3% |
| Debt-to-Asset Ratio | 10.1% |
| Months of Reserves | 182.4 months |
Financial Health Grade: A
In 2023, Senator George J Mitchell Scholarship Research Institute reported a surplus of $3.1M with revenue exceeding expenses, holds 182.4 months of operating reserves (strong position), has a debt-to-asset ratio of 10.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Senator George J Mitchell Scholarship Research Institute's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +90.0% | +10.2% | +5.3% |
| 2022 | -20.9% | +0.0% | -13.4% |
| 2021 | -1.5% | +0.7% | +8.6% |
| 2020 | +76.9% | +5.9% | +13.5% |
| 2019 | -4.4% | +13.4% | +12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 Senator George J Mitchell Scholarship Research Institute 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: 85%
- fundraising: 5%
According to IRS 990 filings, Senator George J Mitchell Scholarship Research Institute 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with assets exceeding $48 million. This suggests either a fully volunteer-led executive team or that executive compensation is reported under different categories, requiring further scrutiny for complete transparency.
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 Senator George J Mitchell Scholarship Research Institute's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and warrants further investigation into executive compensation practices.
Strengths
The following positive indicators were identified for Senator George J Mitchell Scholarship Research Institute:
- Strong and growing asset base, reaching $53,207,335, indicating financial stability.
- Consistently low liabilities relative to assets, demonstrating sound financial management.
- Revenue consistently exceeds expenses in most recent years, allowing for asset growth and program investment (e.g., $6,258,916 revenue vs. $3,175,642 expenses in 2023).
- Positive net assets trend over the past decade, showing long-term financial health.
Frequently Asked Questions about Senator George J Mitchell Scholarship Research Institute
Is Senator George J Mitchell Scholarship Research Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Senator George J Mitchell Scholarship Research Institute (EIN: 10523390) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Senator George J Mitchell Scholarship Research Institute spend its money?
Senator George J Mitchell Scholarship Research Institute directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Senator George J Mitchell Scholarship Research Institute tax-deductible?
Senator George J Mitchell Scholarship Research Institute is registered as a tax-exempt nonprofit (EIN: 10523390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Senator George J Mitchell Scholarship Research Institute CEO make?
Senator George J Mitchell Scholarship Research Institute's highest-compensated officer earns $48 annually. The organization reported $5.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Senator George J Mitchell Scholarship Research Institute's spending goes to programs?
Senator George J Mitchell Scholarship Research Institute directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Senator George J Mitchell Scholarship Research Institute compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Senator George J Mitchell Scholarship Research Institute is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Senator George J Mitchell Scholarship Research Institute located?
Senator George J Mitchell Scholarship Research Institute is headquartered in Portland, Maine and files with the IRS under EIN 10523390. It is classified under NTEE code B82.
How many years of IRS 990 filings does Senator George J Mitchell Scholarship Research Institute have?
Senator George J Mitchell Scholarship Research Institute 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 $5.7M in total revenue.
How does the organization manage to report 0% officer compensation given its size and operational scope?
The consistent reporting of 0% officer compensation across all filings (2014-2023) for an organization with assets over $48 million is highly unusual. This could indicate that executive leadership is entirely volunteer-based, or that compensation for top executives is categorized differently (e.g., as staff salaries rather than officer compensation), or that the organization's structure does not include 'officers' as defined by the IRS for compensation reporting purposes. Further investigation into their compensation practices and organizational structure would be beneficial.
What is the primary source of the organization's revenue fluctuations?
Revenue has fluctuated significantly, from a low of $1,339,086 in 2016 to a high of $6,258,916 in 2023. These fluctuations could be attributed to varying levels of donations, grants, or investment income. Given the substantial asset base, investment performance likely plays a significant role, alongside fundraising success in specific years.
How does the organization ensure its long-term financial sustainability?
The organization's consistent growth in assets, reaching $53,207,335, and its tendency to generate more revenue than expenses (e.g., $6,258,916 revenue vs. $3,175,642 expenses in 2023) indicate a strong focus on building reserves and endowments. This strategy, coupled with low liabilities, suggests a robust approach to long-term financial sustainability.
Filing History
IRS 990 filing history for Senator George J Mitchell Scholarship Research Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Senator George J Mitchell Scholarship Research Institute's revenue has grown by 54.2%, moving from $4.1M to $6.3M. Total assets increased by 102.3% over the same period, from $23.9M to $48.3M. Total functional expenses rose by 113.3%, from $1.5M to $3.2M. In its most recent filing year (2023), Senator George J Mitchell Scholarship Research Institute reported a surplus of $3.1M, with revenue exceeding expenses. The organization holds $4.9M in liabilities against $48.3M in assets (debt-to-asset ratio: 10.1%), resulting in net assets of $43.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $3.2M | $48.3M | $4.9M | — | — |
| 2022 | $3.3M | $2.9M | $45.8M | $4.9M | — | View 990 |
| 2021 | $4.2M | $2.9M | $52.9M | $4.3M | — | View 990 |
| 2020 | $4.2M | $2.9M | $48.7M | $4.1M | — | — |
| 2019 | $2.4M | $2.7M | $42.9M | $3.9M | — | View 990 |
| 2018 | $2.5M | $2.4M | $38.1M | $3.7M | — | View 990 |
| 2017 | $3.1M | $2.3M | $41.5M | $3.5M | — | View 990 |
| 2016 | $1.3M | $2.2M | $36.6M | $3.2M | — | View 990 |
| 2015 | $4.7M | $2.1M | $35.8M | $3.0M | — | View 990 |
| 2014 | $3.8M | $2.2M | $33.8M | $2.9M | — | View 990 |
| 2013 | $5.4M | $2.0M | $31.7M | $2.7M | — | View 990 |
| 2012 | $1.9M | $1.6M | $26.1M | $2.2M | — | View 990 |
| 2011 | $4.1M | $1.5M | $23.9M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $3.2M, and assets of $48.3M (revenue +90.0% year-over-year).
- 2022: Revenue of $3.3M, expenses of $2.9M, and assets of $45.8M (revenue -20.9% year-over-year).
- 2021: Revenue of $4.2M, expenses of $2.9M, and assets of $52.9M (revenue -1.5% year-over-year).
- 2020: Revenue of $4.2M, expenses of $2.9M, and assets of $48.7M (revenue +76.9% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.7M, and assets of $42.9M (revenue -4.4% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.4M, and assets of $38.1M (revenue -18.4% year-over-year).
- 2017: Revenue of $3.1M, expenses of $2.3M, and assets of $41.5M (revenue +128.7% year-over-year).
- 2016: Revenue of $1.3M, expenses of $2.2M, and assets of $36.6M (revenue -71.6% year-over-year).
- 2015: Revenue of $4.7M, expenses of $2.1M, and assets of $35.8M (revenue +22.6% year-over-year).
- 2014: Revenue of $3.8M, expenses of $2.2M, and assets of $33.8M (revenue -29.4% year-over-year).
- 2013: Revenue of $5.4M, expenses of $2.0M, and assets of $31.7M (revenue +183.3% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.6M, and assets of $26.1M (revenue -52.6% year-over-year).
- 2011: Revenue of $4.1M, expenses of $1.5M, and assets of $23.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Senator George J Mitchell Scholarship Research Institute:
Data Sources and Methodology
This transparency report for Senator George J Mitchell Scholarship Research Institute 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.