Summer Residents Association Town Of Mount Desert Inc
Summer Residents Association shows fluctuating revenue and expenses, with no officer compensation reported.
EIN: 10457674 · Ne Harbor, ME · NTEE: L50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $10K |
| Program Spending | 85% |
| Net Assets | $59K |
| Transparency Score | 75/100 |
Is Summer Residents Association Town Of Mount Desert Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Summer Residents Association Town Of Mount Desert Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Summer Residents Association Town Of Mount Desert Inc
Summer Residents Association Town Of Mount Desert Inc (EIN: 10457674) is a nonprofit organization based in Ne Harbor, ME, classified under NTEE code L50. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summer Residents Association Town Of Mount Desert Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summer Residents Association Town Of Mount Desert Inc is a micro nonprofit that has been operating for 21 years, with 4 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -4.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $10K |
| Surplus / Deficit | +$755 |
| Total Assets | $59K |
| Net Assets | $59K |
| Operating Margin | 7.2% |
| Months of Reserves | 71.9 months |
Financial Health Grade: A
In 2022, Summer Residents Association Town Of Mount Desert Inc reported a surplus of $755 with revenue exceeding expenses, holds 71.9 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2011–2022), Summer Residents Association Town Of Mount Desert Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +6.6% | -74.7% | +1.3% |
| 2021 | -99.0% | -96.2% | -33.3% |
| 2020 | +5668.3% | +25681.7% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Summer Residents Association Town Of Mount Desert Inc 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 Residents Association Town Of Mount Desert Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $755, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure and efficient use of funds by not allocating them to executive salaries.
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 Residents Association Town Of Mount Desert Inc's IRS 990 filings:
- Significant year-to-year financial volatility (e.g., $1M activity in 2020 vs. ~$10K in other years)
- Expenses exceeding revenue in 2021 without clear explanation in summary data
Strengths
The following positive indicators were identified for Summer Residents Association Town Of Mount Desert Inc:
- Consistently reports 0% officer compensation, indicating volunteer leadership
- No reported liabilities across all filings, suggesting financial stability
- Maintains a healthy level of assets relative to its typical operating budget
Frequently Asked Questions about Summer Residents Association Town Of Mount Desert Inc
Is Summer Residents Association Town Of Mount Desert Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Summer Residents Association Town Of Mount Desert Inc (EIN: 10457674) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Summer Residents Association Town Of Mount Desert Inc spend its money?
Summer Residents Association Town Of Mount Desert Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Summer Residents Association Town Of Mount Desert Inc tax-deductible?
Summer Residents Association Town Of Mount Desert Inc is registered as a tax-exempt nonprofit (EIN: 10457674). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Summer Residents Association Town Of Mount Desert Inc's spending goes to programs?
Summer Residents Association Town Of Mount Desert Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Summer Residents Association Town Of Mount Desert Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Summer Residents Association Town Of Mount Desert Inc is above average for NTEE category L50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Summer Residents Association Town Of Mount Desert Inc located?
Summer Residents Association Town Of Mount Desert Inc is headquartered in Ne Harbor, Maine and files with the IRS under EIN 10457674. It is classified under NTEE code L50.
How many years of IRS 990 filings does Summer Residents Association Town Of Mount Desert Inc have?
Summer Residents Association Town Of Mount Desert Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What caused the significant spike in revenue and expenses in 2020?
The 2020 filing shows over $1 million in both revenue and expenses, a substantial increase from other years. This could be due to a major capital project, a large one-time grant, or acting as a fiscal sponsor for a large initiative. Further details from the 990 form's program service accomplishments would be needed to understand this anomaly.
How does the organization sustain itself given the revenue deficit in 2021?
In 2021, expenses ($38,789) significantly exceeded revenue ($9,896). The organization likely drew upon its accumulated assets, which were $57,932 at the end of 2021, to cover this deficit. This suggests a reliance on reserves during periods of lower income.
Filing History
IRS 990 filing history for Summer Residents Association Town Of Mount Desert Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2022), Summer Residents Association Town Of Mount Desert Inc's revenue has declined by 39.8%, moving from $18K to $11K. Total assets decreased by 32.3% over the same period, from $87K to $59K. Total functional expenses rose by 145.6%, from $4K to $10K. In its most recent filing year (2022), Summer Residents Association Town Of Mount Desert Inc reported a surplus of $755, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $11K | $10K | $59K | $0 | — | View 990 |
| 2021 | $10K | $39K | $58K | $0 | — | — |
| 2020 | $1.0M | $1.0M | $87K | $0 | — | — |
| 2011 | $18K | $4K | $87K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $11K, expenses of $10K, and assets of $59K (revenue +6.6% year-over-year).
- 2021: Revenue of $10K, expenses of $39K, and assets of $58K (revenue -99.0% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.0M, and assets of $87K (revenue +5668.3% year-over-year).
- 2011: Revenue of $18K, expenses of $4K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summer Residents Association Town Of Mount Desert Inc:
Data Sources and Methodology
This transparency report for Summer Residents Association Town Of Mount Desert 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.