Seton Village Inc
Seton Village Inc. consistently operates with expenses exceeding revenue, drawing on assets to cover costs.
EIN: 10367553 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-516,962 |
| Transparency Score | 65/100 |
Is Seton Village Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seton Village Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seton Village Inc
Seton Village Inc (EIN: 10367553) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $2.3M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seton Village Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seton Village Inc is a mid-size nonprofit that has been operating for 44 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-200,788 |
| Total Assets | $5.4M |
| Total Liabilities | $5.9M |
| Net Assets | $-516,962 |
| Operating Margin | -13.1% |
| Debt-to-Asset Ratio | 109.5% |
| Months of Reserves | 37.5 months |
Financial Health Grade: C
In 2023, Seton Village Inc reported a deficit of $201K with expenses exceeding revenue, holds 37.5 months of operating reserves (strong position), has a debt-to-asset ratio of 109.5% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Seton Village Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.1% | +11.5% | -4.0% |
| 2022 | +1.1% | -2.6% | -2.6% |
| 2021 | +2.0% | -2.2% | -2.5% |
| 2020 | +2.5% | +4.3% | -10.7% |
| 2019 | +7.0% | -20.6% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Seton Village Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Seton Village Inc 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 $201K, with expenses exceeding revenue.
- Debt-to-asset ratio: 109.5%.
Executive Compensation Analysis
Seton Village Inc. consistently reports 0% officer compensation across all available filings, which is unusual for an organization with annual revenues exceeding $1 million. This suggests either a fully volunteer executive leadership or that compensation is categorized under other expense lines, which could obscure a complete view of executive remuneration.
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 Seton Village Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $1,733,131 expenses vs. $1,532,343 revenue in 202306.
- Liabilities frequently close to or exceeding assets, indicating a potentially leveraged financial position, e.g., $5,937,069 liabilities vs. $5,420,107 assets in 202306.
- No officer compensation reported across all filings, which is unusual for an organization of this size and could indicate a lack of transparency in executive remuneration.
Strengths
The following positive indicators were identified for Seton Village Inc:
- Consistent filing of IRS Form 990s, demonstrating a commitment to regulatory compliance and public disclosure.
- Maintained a substantial asset base over time, with assets generally above $4.6 million, providing some financial stability.
- Long operational history with consistent revenue streams, indicating established programs and community presence.
Frequently Asked Questions about Seton Village Inc
Is Seton Village Inc a legitimate charity?
Seton Village Inc (EIN: 10367553) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.3M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Seton Village Inc spend its money?
Seton Village Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seton Village Inc tax-deductible?
Seton Village Inc is registered as a tax-exempt nonprofit (EIN: 10367553). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seton Village Inc CEO make?
Seton Village Inc's highest-compensated officer earns $1 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seton Village Inc's spending goes to programs?
Seton Village Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Seton Village Inc located?
Seton Village Inc is headquartered in Portland, Maine and files with the IRS under EIN 10367553.
How many years of IRS 990 filings does Seton Village Inc have?
Seton Village Inc has 12 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 $2.3M in total revenue.
How does Seton Village Inc. cover its consistent operational deficits, given that expenses have frequently exceeded revenue (e.g., $1,733,131 in expenses vs. $1,532,343 in revenue in 202306)?
The organization likely covers these deficits by drawing down on its existing assets or through other non-operating income sources not detailed in the provided summary. This trend is visible in multiple periods, such as 202206 ($1,554,652 expenses vs. $1,515,759 revenue) and 202106 ($1,596,093 expenses vs. $1,499,768 revenue).
Why is officer compensation consistently reported as 0% across all filings, despite the organization's scale?
This could indicate that the organization's executive leadership is entirely volunteer-based, or that compensation for key personnel is reported under different expense categories (e.g., salaries and wages for program or administrative staff) rather than specifically as officer compensation on the 990, which would require further investigation for full transparency.
What is the detailed breakdown of program, administrative, and fundraising expenses to assess spending efficiency?
The provided data does not offer a detailed breakdown of these expense categories. To fully understand spending efficiency, a deeper dive into the IRS Form 990, Part IX (Statement of Functional Expenses) would be necessary to see how the $1,733,131 in expenses (202306) is allocated.
Filing History
IRS 990 filing history for Seton Village Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Seton Village Inc's revenue has grown by 30.4%, moving from $1.2M to $1.5M. Total assets decreased by 4.5% over the same period, from $5.7M to $5.4M. Total functional expenses rose by 66.2%, from $1.0M to $1.7M. In its most recent filing year (2023), Seton Village Inc reported a deficit of $201K, with expenses exceeding revenue. The organization holds $5.9M in liabilities against $5.4M in assets (debt-to-asset ratio: 109.5%), resulting in net assets of $-516,962.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.7M | $5.4M | $5.9M | — | — |
| 2022 | $1.5M | $1.6M | $5.6M | $6.0M | — | View 990 |
| 2021 | $1.5M | $1.6M | $5.8M | $6.1M | — | View 990 |
| 2020 | $1.5M | $1.6M | $5.9M | $6.1M | — | View 990 |
| 2019 | $1.4M | $1.6M | $6.7M | $6.7M | — | View 990 |
| 2018 | $1.3M | $2.0M | $6.4M | $6.3M | — | View 990 |
| 2017 | $1.3M | $1.3M | $4.7M | $3.9M | — | View 990 |
| 2016 | $1.3M | $1.3M | $4.9M | $4.2M | — | View 990 |
| 2015 | $1.2M | $1.4M | $5.0M | $4.2M | — | View 990 |
| 2014 | $1.2M | $1.4M | $5.2M | $4.3M | — | View 990 |
| 2013 | $1.2M | $1.2M | $5.6M | $4.5M | — | View 990 |
| 2012 | $1.2M | $1.0M | $5.7M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.7M, and assets of $5.4M (revenue +1.1% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $5.6M (revenue +1.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.6M, and assets of $5.8M (revenue +2.0% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.6M, and assets of $5.9M (revenue +2.5% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.6M, and assets of $6.7M (revenue +7.0% year-over-year).
- 2018: Revenue of $1.3M, expenses of $2.0M, and assets of $6.4M (revenue +4.3% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $4.7M (revenue +2.5% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $4.9M (revenue +1.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.4M, and assets of $5.0M (revenue +1.6% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.4M, and assets of $5.2M (revenue +1.7% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $5.6M (revenue +2.0% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.0M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seton Village Inc:
Data Sources and Methodology
This transparency report for Seton Village 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.