Somesville Landing Corp
Somesville Landing Corp maintains stable assets and zero officer compensation despite fluctuating annual revenues and expenses.
EIN: 16017888 · Mount Desert, ME · Updated: 2026-03-28
Source Check Matrix
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Identity resolved verified
Somesville Landing Corp is mapped to EIN 16017888.
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13 stored filing years available.
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13 stored filing years available.
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80% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $56K |
| Total Expenses | $58K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100,000. |
| Net Assets | $338K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Somesville Landing Corp Form 990, Revenue, CEO Pay, and IRS Filing Signals
Somesville Landing Corp is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Somesville Landing Corp in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $54K and expenses of $58K.
Revenue and Expenses
Somesville Landing Corp reported $54K in revenue and $58K in expenses, a deficit of $4K.
Executive Compensation
Top officer compensation appears as $100,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Somesville Landing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $46K (80%) |
Across stored filings, Somesville Landing Corp shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
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Mount Desert, ME nonprofitsFollow the Money
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80% of spending goes to programs.
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Somesville Landing Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Somesville Landing Corp
Somesville Landing Corp (EIN: 16017888) is a nonprofit organization based in Mount Desert, ME. The organization reported total revenue of $56K and total assets of $351K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somesville Landing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somesville Landing Corp is a micro nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $54K |
| Total Expenses | $58K |
| Surplus / Deficit | $-4,460 |
| Total Assets | $338K |
| Net Assets | $338K |
| Operating Margin | -8.3% |
| Months of Reserves | 69.9 months |
Financial Health Grade: B
In 2023, Somesville Landing Corp reported a deficit of $4K with expenses exceeding revenue, holds 69.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Somesville Landing Corp's revenue has grown at a compound annual growth rate (CAGR) of 21.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.1% | -5.0% | +0.5% |
| 2022 | -61.4% | +26.0% | -10.3% |
| 2021 | +31.5% | +26.7% | +23.1% |
| 2020 | +145.3% | +0.1% | +20.8% |
| 2019 | +38.4% | +45.8% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Somesville Landing Corp 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, Somesville Landing Corp 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 $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for an organization of its size with annual revenues typically under $100,000.
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 Somesville Landing Corp's IRS 990 filings:
- Inconsistent operating surpluses, with expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2019, 2018, 2015).
Strengths
The following positive indicators were identified for Somesville Landing Corp:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Strong asset growth over the decade, from $222,205 in 2014 to $337,987 in 2023.
- Consistently low or zero liabilities, demonstrating a healthy balance sheet and minimal debt.
- Long history of IRS 990 filings (13 filings), indicating a commitment to transparency and compliance.
Frequently Asked Questions about Somesville Landing Corp
Is Somesville Landing Corp a legitimate charity?
Somesville Landing Corp (EIN: 16017888) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $56K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Somesville Landing Corp spend its money?
Somesville Landing Corp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Somesville Landing Corp tax-deductible?
Somesville Landing Corp is registered as a tax-exempt nonprofit (EIN: 16017888). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Somesville Landing Corp CEO make?
Somesville Landing Corp's highest-compensated officer earns $100,000. annually. The organization reported $56K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Somesville Landing Corp's spending goes to programs?
Somesville Landing Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Somesville Landing Corp located?
Somesville Landing Corp is headquartered in Mount Desert, Maine and files with the IRS under EIN 16017888.
How many years of IRS 990 filings does Somesville Landing Corp have?
Somesville Landing Corp 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 $56K in total revenue.
Is Somesville Landing Corp financially stable?
Yes, despite some years with operating deficits, the organization's assets have grown steadily from $222,205 in 2014 to $337,987 in 2023, and liabilities are consistently low or zero, indicating strong financial stability.
Does Somesville Landing Corp pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation for all periods, suggesting a volunteer-led organization.
How has the organization's revenue trended over the last few years?
Revenue has fluctuated, with a high of $94,378 in 2021 and a low of $36,433 in 2022, settling at $53,605 in 2023. There isn't a clear upward or downward trend, but rather variability year-to-year.
Filing History
IRS 990 filing history for Somesville Landing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Somesville Landing Corp's revenue has grown by 970.8%, moving from $5K to $54K. Total assets increased by 90.3% over the same period, from $178K to $338K. Total functional expenses rose by 339.1%, from $13K to $58K. In its most recent filing year (2023), Somesville Landing Corp reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $54K | $58K | $338K | $0 | — | View 990 |
| 2022 | $36K | $61K | $336K | $807 | — | View 990 |
| 2021 | $94K | $49K | $375K | $807 | — | View 990 |
| 2020 | $72K | $38K | $305K | $807 | — | — |
| 2019 | $29K | $38K | $252K | $1K | — | View 990 |
| 2018 | $21K | $26K | $236K | $644 | — | View 990 |
| 2017 | $51K | $26K | $250K | $0 | — | View 990 |
| 2016 | $37K | $24K | $225K | $0 | — | View 990 |
| 2015 | $25K | $34K | $213K | $812 | — | View 990 |
| 2014 | $31K | $21K | $222K | $1K | — | View 990 |
| 2013 | $44K | $25K | $212K | $1K | — | View 990 |
| 2012 | $37K | $23K | $192K | $519 | — | View 990 |
| 2011 | $5K | $13K | $178K | $498 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $54K, expenses of $58K, and assets of $338K (revenue +47.1% year-over-year).
- 2022: Revenue of $36K, expenses of $61K, and assets of $336K (revenue -61.4% year-over-year).
- 2021: Revenue of $94K, expenses of $49K, and assets of $375K (revenue +31.5% year-over-year).
- 2020: Revenue of $72K, expenses of $38K, and assets of $305K (revenue +145.3% year-over-year).
- 2019: Revenue of $29K, expenses of $38K, and assets of $252K (revenue +38.4% year-over-year).
- 2018: Revenue of $21K, expenses of $26K, and assets of $236K (revenue -58.7% year-over-year).
- 2017: Revenue of $51K, expenses of $26K, and assets of $250K (revenue +38.6% year-over-year).
- 2016: Revenue of $37K, expenses of $24K, and assets of $225K (revenue +46.9% year-over-year).
- 2015: Revenue of $25K, expenses of $34K, and assets of $213K (revenue -18.3% year-over-year).
- 2014: Revenue of $31K, expenses of $21K, and assets of $222K (revenue -29.8% year-over-year).
- 2013: Revenue of $44K, expenses of $25K, and assets of $212K (revenue +17.7% year-over-year).
- 2012: Revenue of $37K, expenses of $23K, and assets of $192K (revenue +644.5% year-over-year).
- 2011: Revenue of $5K, expenses of $13K, and assets of $178K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somesville Landing Corp:
Data Sources and Methodology
This transparency report for Somesville Landing Corp 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.