Summer Festival Of The Arts
Summer Festival Of The Arts maintains operations with fluctuating revenue, minimal assets, and no reported officer compensation.
EIN: 10541280 · Southwest Hbr, ME · NTEE: A99 · Updated: 2026-03-28
Is Summer Festival Of The Arts Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Summer Festival Of The Arts directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Summer Festival Of The Arts
Summer Festival Of The Arts (EIN: 10541280) is a nonprofit organization based in Southwest Hbr, ME, classified under NTEE code A99. The organization reported total revenue of $127K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summer Festival Of The Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Summer Festival Of The Arts with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Summer Festival Of The Arts 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly favorable for a small organization of this revenue size.
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 Summer Festival Of The Arts's IRS 990 filings:
- Significant decline in assets from $44,572 in 2021 to $3,470 currently, indicating potential financial instability or strategic shifts.
- Fluctuating revenue and expenses year-over-year, making long-term financial planning and stability potentially challenging.
- Liabilities of $19,200 in 2023, exceeding current assets of $8,257 for that period, suggesting a negative net asset position for that year.
Strengths
The following positive indicators were identified for Summer Festival Of The Arts:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing resources to mission or volunteer leadership.
- Generally operates with expenses close to revenue, suggesting efficient management of available funds.
- Long filing history (13 filings) demonstrates consistent transparency and compliance with IRS reporting requirements.
Frequently Asked Questions about Summer Festival Of The Arts
Is Summer Festival Of The Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Summer Festival Of The Arts (EIN: 10541280) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Summer Festival Of The Arts spend its money?
Summer Festival Of The Arts directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Summer Festival Of The Arts tax-deductible?
Summer Festival Of The Arts is registered as a tax-exempt nonprofit (EIN: 10541280). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why have the organization's assets decreased significantly from $44,572 in 2021 to $3,470 currently?
The provided data shows a sharp decline in assets, from $44,572 in 2021 to $8,257 in 2023, and further to $3,470 as the latest reported figure. This trend suggests potential asset utilization, divestment, or financial challenges that warrant further investigation into the organization's balance sheet and financial strategy.
How does Summer Festival Of The Arts manage to operate without reporting any officer compensation?
The consistent 0% officer compensation across all filings indicates that the organization's leadership may be entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the IRS Form 990. This is a strong positive for resource allocation to mission.
What is the breakdown of expenses into program, administrative, and fundraising categories?
The provided data only gives total expenses. A detailed breakdown is necessary to fully assess spending efficiency and ensure a high percentage of funds are directed towards program services, which is crucial for a nonprofit's impact.
Filing History
IRS 990 filing history for Summer Festival Of The Arts showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Summer Festival Of The Arts's revenue has declined by 20.6%, moving from $141K to $112K. Total assets decreased by 82% over the same period, from $46K to $8K. Total functional expenses fell by 29.9%, from $150K to $105K. In its most recent filing year (2023), Summer Festival Of The Arts reported a surplus of $7K, with revenue exceeding expenses. The organization holds $19K in liabilities against $8K in assets (debt-to-asset ratio: 232.5%), resulting in net assets of $-10,943.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $112K | $105K | $8K | $19K | — | View 990 |
| 2022 | $69K | $89K | $18K | $23K | — | View 990 |
| 2021 | $42K | $46K | $45K | $30K | — | View 990 |
| 2020 | $37K | $32K | $30K | $11K | — | View 990 |
| 2019 | $122K | $107K | $33K | $19K | — | View 990 |
| 2018 | $112K | $112K | $20K | $21K | — | View 990 |
| 2017 | $117K | $119K | $12K | $13K | — | — |
| 2016 | $103K | $110K | $12K | $12K | — | View 990 |
| 2015 | $98K | $81K | $6K | $0 | — | View 990 |
| 2014 | $103K | $103K | $31K | $41K | — | View 990 |
| 2013 | $126K | $146K | $32K | $32K | — | View 990 |
| 2012 | $133K | $156K | $26K | $6K | — | View 990 |
| 2011 | $141K | $150K | $46K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $112K, expenses of $105K, and assets of $8K (revenue +62.6% year-over-year).
- 2022: Revenue of $69K, expenses of $89K, and assets of $18K (revenue +66.0% year-over-year).
- 2021: Revenue of $42K, expenses of $46K, and assets of $45K (revenue +12.1% year-over-year).
- 2020: Revenue of $37K, expenses of $32K, and assets of $30K (revenue -69.7% year-over-year).
- 2019: Revenue of $122K, expenses of $107K, and assets of $33K (revenue +9.3% year-over-year).
- 2018: Revenue of $112K, expenses of $112K, and assets of $20K (revenue -4.6% year-over-year).
- 2017: Revenue of $117K, expenses of $119K, and assets of $12K (revenue +13.5% year-over-year).
- 2016: Revenue of $103K, expenses of $110K, and assets of $12K (revenue +6.0% year-over-year).
- 2015: Revenue of $98K, expenses of $81K, and assets of $6K (revenue -5.8% year-over-year).
- 2014: Revenue of $103K, expenses of $103K, and assets of $31K (revenue -18.1% year-over-year).
- 2013: Revenue of $126K, expenses of $146K, and assets of $32K (revenue -5.2% year-over-year).
- 2012: Revenue of $133K, expenses of $156K, and assets of $26K (revenue -5.7% year-over-year).
- 2011: Revenue of $141K, expenses of $150K, and assets of $46K.
Data Sources and Methodology
This transparency report for Summer Festival Of The Arts 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.