Surf Point Foundation Trust Agree 04 07 88

Surf Point Foundation experiences significant revenue and asset fluctuations with no reported officer compensation.

EIN: 16084742 · York, ME · NTEE: T23 · Updated: 2026-03-28

$621KRevenue

$3.4MAssets

70/100Mission Score (Good)

T23

About Surf Point Foundation Trust Agree 04 07 88

Surf Point Foundation Trust Agree 04 07 88 (EIN: 16084742) is a nonprofit organization based in York, ME, classified under NTEE code T23. The organization reported total revenue of $621K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Surf Point Foundation Trust Agree 04 07 88's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Surf Point Foundation Trust Agree 04 07 88 exhibits a fluctuating financial profile, with significant variations in revenue and assets over the years. For instance, revenue jumped from $2,882 in 2015 to $2,384,916 in 2019, then decreased to $423,223 in 2020. Similarly, assets saw a substantial increase from $429 in 2015 to $14,438,995 in 2020, indicating periods of substantial growth and asset accumulation. The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator for donor confidence regarding executive pay. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging. The significant liabilities reported in 2020 ($27,577) compared to previous years (often $0 or $1) warrant further investigation to understand their nature and impact on financial stability. Overall, while the absence of officer compensation is a strength, the variability in financial metrics and limited expense detail suggest a need for deeper scrutiny into operational efficiency and financial management practices.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Surf Point Foundation Trust Agree 04 07 88 with a Mission Score of 70 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: 75%
fundraising: 10%

According to IRS 990 filings, Surf Point Foundation Trust Agree 04 07 88 allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries were paid, which is highly favorable for donor perception and resource allocation.

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 Surf Point Foundation Trust Agree 04 07 88's IRS 990 filings:

Significant year-over-year financial volatility in revenue and assets, making consistent financial planning challenging.
Sudden increase in liabilities to $27,577 in 2020 after years of minimal or no liabilities, requiring further investigation.

Strengths

The following positive indicators were identified for Surf Point Foundation Trust Agree 04 07 88:

Consistent reporting of 0% officer compensation, indicating no executive salaries are paid.
Substantial asset growth from $429 in 2015 to $14,438,995 in 2020, suggesting successful asset accumulation.

Frequently Asked Questions about Surf Point Foundation Trust Agree 04 07 88

What caused the significant increase in assets and revenue between 2015 and 2019/2020?

The provided data shows a dramatic increase in assets from $429 in 2015 to $13,641,809 in 2019 and $14,438,995 in 2020, alongside a revenue surge from $2,882 in 2015 to $2,384,916 in 2019. The specific reasons for this growth are not detailed in the provided summary but would typically involve large donations, grants, or investment gains.

What led to the $27,577 in liabilities reported in 2020, given previous years had minimal or no liabilities?

The sudden appearance of $27,577 in liabilities in 2020, compared to $0 or $1 in prior years, is a notable change. Without further detail from the full 990 filing, it's impossible to pinpoint the exact cause, but it could be related to new debt, deferred revenue, or accrued expenses.

How does the organization manage its expenses, particularly given the revenue fluctuations?

The organization's expenses have also varied, from $2,796 in 2015 to $613,378 in 2019 and $569,780 in 2020. While the data shows expenses generally increasing with revenue, the lack of a detailed breakdown (e.g., program vs. administrative) makes it difficult to assess spending efficiency and adaptability to revenue changes.

Filing History

IRS 990 filing history for Surf Point Foundation Trust Agree 04 07 88 showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2011–2020), Surf Point Foundation Trust Agree 04 07 88's revenue has grown by 15488.3%, moving from $3K to $423K. Total assets increased by 16596446% over the same period, from $87 to $14.4M. Total functional expenses rose by 19773.7%, from $3K to $570K. In its most recent filing year (2020), Surf Point Foundation Trust Agree 04 07 88 reported a deficit of $147K, with expenses exceeding revenue. The organization holds $28K in liabilities against $14.4M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $14.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$423K	$570K	$14.4M	$28K	—	View 990
2019	$2.4M	$613K	$13.6M	$0	—	View 990
2015	$3K	$3K	$429	$1	—	View 990
2014	$6K	$5K	$343	$1	—	View 990
2013	$4K	$4K	$43	$1	—	View 990
2012	$1K	$1K	$43	$1	—	View 990
2011	$3K	$3K	$87	$0	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $423K, expenses of $570K, and assets of $14.4M (revenue -82.3% year-over-year).
2019: Revenue of $2.4M, expenses of $613K, and assets of $13.6M (revenue +82652.1% year-over-year).
2015: Revenue of $3K, expenses of $3K, and assets of $429 (revenue -49.8% year-over-year).
2014: Revenue of $6K, expenses of $5K, and assets of $343 (revenue +36.0% year-over-year).
2013: Revenue of $4K, expenses of $4K, and assets of $43 (revenue +218.9% year-over-year).
2012: Revenue of $1K, expenses of $1K, and assets of $43 (revenue -51.2% year-over-year).
2011: Revenue of $3K, expenses of $3K, and assets of $87.

Data Sources and Methodology

This transparency report for Surf Point Foundation Trust Agree 04 07 88 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.