Southern Maine Community College Foundation
Southern Maine Community College Foundation shows strong revenue and asset growth with 0% officer compensation.
EIN: 10520531 · S Portland, ME · NTEE: B114 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $531K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.3M |
| Transparency Score | 92/100 |
Is Southern Maine Community College Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Maine Community College Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southern Maine Community College Foundation
Southern Maine Community College Foundation (EIN: 10520531) is a nonprofit organization based in S Portland, ME, classified under NTEE code B114. The organization reported total revenue of $2.0M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Maine Community College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Maine Community College Foundation is a mid-size nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 23.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $531K |
| Surplus / Deficit | +$1.5M |
| Total Assets | $5.4M |
| Total Liabilities | $58K |
| Net Assets | $5.3M |
| Operating Margin | 74.3% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 122.0 months |
Financial Health Grade: A
In 2023, Southern Maine Community College Foundation reported a surplus of $1.5M with revenue exceeding expenses, holds 122.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Southern Maine Community College Foundation's revenue has grown at a compound annual growth rate (CAGR) of 23.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.9% | +33.2% | +43.1% |
| 2022 | +93.6% | +89.2% | +17.2% |
| 2021 | -2.8% | -18.8% | +27.7% |
| 2020 | +94.3% | +11.6% | +13.5% |
| 2019 | +4.4% | -26.6% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
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 Southern Maine Community College Foundation with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Southern Maine Community College Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is highly commendable and suggests a volunteer-driven leadership structure for an organization with over $5 million in assets.
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 Southern Maine Community College Foundation:
- Strong revenue growth (from $340,536 in 2019 to $2,066,673 in 2023)
- Consistent asset growth (from $2,218,649 in 2019 to $5,392,209 in 2023)
- 0% officer compensation reported across all filings, indicating high transparency and volunteer leadership.
- Efficient spending with expenses significantly lower than revenue (e.g., 2023 expenses were $530,500 against $2,066,673 revenue).
- Positive net assets and low liabilities relative to assets.
Frequently Asked Questions about Southern Maine Community College Foundation
Is Southern Maine Community College Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Maine Community College Foundation (EIN: 10520531) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Southern Maine Community College Foundation spend its money?
Southern Maine Community College Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southern Maine Community College Foundation tax-deductible?
Southern Maine Community College Foundation is registered as a tax-exempt nonprofit (EIN: 10520531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Southern Maine Community College Foundation CEO make?
Southern Maine Community College Foundation's highest-compensated officer earns $5 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Southern Maine Community College Foundation's spending goes to programs?
Southern Maine Community College Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southern Maine Community College Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Southern Maine Community College Foundation is above average for NTEE category B114 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southern Maine Community College Foundation located?
Southern Maine Community College Foundation is headquartered in S Portland, Maine and files with the IRS under EIN 10520531. It is classified under NTEE code B114.
How many years of IRS 990 filings does Southern Maine Community College Foundation have?
Southern Maine Community College Foundation 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 $2.0M in total revenue.
Is Southern Maine Community College Foundation a good charity?
Based on its financial data, the Southern Maine Community College Foundation appears to be a very good charity. It demonstrates strong financial growth, efficient spending (expenses are significantly lower than revenue, e.g., $530,500 in expenses vs. $2,066,673 in revenue in 2023), and excellent transparency with 0% officer compensation reported consistently.
How has the foundation's revenue grown over time?
The foundation has experienced significant revenue growth, increasing from $340,536 in 2019 to $2,066,673 in 2023, representing over a 500% increase in five years.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent and substantial growth, rising from $2,218,649 in 2019 to $5,392,209 in 2023, indicating successful endowment building and financial stewardship.
Filing History
IRS 990 filing history for Southern Maine Community College Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Southern Maine Community College Foundation's revenue has grown by 925.1%, moving from $202K to $2.1M. Total assets increased by 333.7% over the same period, from $1.2M to $5.4M. Total functional expenses rose by 175.3%, from $193K to $531K. In its most recent filing year (2023), Southern Maine Community College Foundation reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $58K in liabilities against $5.4M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $531K | $5.4M | $58K | — | — |
| 2022 | $1.2M | $398K | $3.8M | $87K | — | View 990 |
| 2021 | $643K | $211K | $3.2M | $7K | — | View 990 |
| 2020 | $662K | $259K | $2.5M | $11K | — | View 990 |
| 2019 | $341K | $232K | $2.2M | $17K | — | View 990 |
| 2018 | $326K | $316K | $2.1M | $49K | — | — |
| 2017 | $767K | $379K | $2.1M | $67K | — | View 990 |
| 2016 | $376K | $409K | $1.6M | $63K | — | View 990 |
| 2015 | $439K | $365K | $1.7M | $260 | — | View 990 |
| 2014 | $616K | $276K | $1.7M | $11K | — | View 990 |
| 2013 | $256K | $207K | $1.3M | $22K | — | View 990 |
| 2012 | $202K | $193K | $1.2M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $531K, and assets of $5.4M (revenue +65.9% year-over-year).
- 2022: Revenue of $1.2M, expenses of $398K, and assets of $3.8M (revenue +93.6% year-over-year).
- 2021: Revenue of $643K, expenses of $211K, and assets of $3.2M (revenue -2.8% year-over-year).
- 2020: Revenue of $662K, expenses of $259K, and assets of $2.5M (revenue +94.3% year-over-year).
- 2019: Revenue of $341K, expenses of $232K, and assets of $2.2M (revenue +4.4% year-over-year).
- 2018: Revenue of $326K, expenses of $316K, and assets of $2.1M (revenue -57.5% year-over-year).
- 2017: Revenue of $767K, expenses of $379K, and assets of $2.1M (revenue +103.8% year-over-year).
- 2016: Revenue of $376K, expenses of $409K, and assets of $1.6M (revenue -14.3% year-over-year).
- 2015: Revenue of $439K, expenses of $365K, and assets of $1.7M (revenue -28.7% year-over-year).
- 2014: Revenue of $616K, expenses of $276K, and assets of $1.7M (revenue +141.0% year-over-year).
- 2013: Revenue of $256K, expenses of $207K, and assets of $1.3M (revenue +26.9% year-over-year).
- 2012: Revenue of $202K, expenses of $193K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Maine Community College Foundation:
Data Sources and Methodology
This transparency report for Southern Maine Community College Foundation 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.