Team Adventure Education Foundation Inc
Team Adventure Education Foundation Inc reports minimal financial activity with $1 revenue and $0 expenses in recent years.
EIN: 10517611 · Lincolnville, ME · NTEE: U21M · Updated: 2026-03-28
Is Team Adventure Education Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Team Adventure Education Foundation Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Team Adventure Education Foundation Inc
Team Adventure Education Foundation Inc (EIN: 10517611) is a nonprofit organization based in Lincolnville, ME, classified under NTEE code U21M. The organization reported total revenue of $1 and total assets of $74 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Team Adventure Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Team Adventure Education Foundation Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Team Adventure Education Foundation Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led organization or that no compensation is paid, which is consistent with the minimal financial activity reported in recent years.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Team Adventure Education Foundation Inc's IRS 990 filings:
- Minimal and inconsistent financial activity over time, with recent years showing near-dormancy.
- Significant negative revenue reported in 2015 ($-4,763,609) without clear explanation in provided data.
- Lack of detailed financial breakdown due to $0 expenses in recent filings, making efficiency assessment impossible.
Strengths
The following positive indicators were identified for Team Adventure Education Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating no executive salary burden.
- Low liabilities ($1) in recent years relative to assets ($74).
Frequently Asked Questions about Team Adventure Education Foundation Inc
Is Team Adventure Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Team Adventure Education Foundation Inc (EIN: 10517611) significant concerns. Mission Score: 30/100. 3 red flags identified, 2 strengths noted.
How does Team Adventure Education Foundation Inc spend its money?
Team Adventure Education Foundation Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Team Adventure Education Foundation Inc tax-deductible?
Team Adventure Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10517611). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Team Adventure Education Foundation Inc currently active?
Based on recent IRS 990 filings (2019-2021) showing only $1 in revenue and $0 in expenses, the organization appears to be largely inactive or operating at a minimal level.
What caused the significant negative revenue in 2015?
The IRS 990 data for 2015 shows a revenue of - $4,763,609. Without further context or access to the full filing, it's impossible to determine the exact cause, but this could indicate a significant asset sale at a loss, a major accounting adjustment, or a reporting error.
How does the organization fund its operations with $1 in revenue?
With only $1 in reported revenue and $0 in expenses in recent years, the organization is not actively funding operations. Its current financial state suggests it is either dormant or operating on a purely volunteer basis with no financial transactions.
Filing History
IRS 990 filing history for Team Adventure Education Foundation Inc showing financial trends over 4 years of public records:
Total assets decreased by 100% over the same period, from $621K to $74. Total functional expenses fell by 100%, from $128K to $0. The organization holds $1 in liabilities against $74 in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $73.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $1 | $0 | $74 | $1 | — | — |
| 2020 | $1 | $0 | $74 | $1 | — | View 990 |
| 2019 | $1 | $0 | $19 | $1 | — | View 990 |
| 2015 | $-4,763,609 | $128K | $621K | $535K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1, expenses of $0, and assets of $74 (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $0, and assets of $74 (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $0, and assets of $19.
- 2015: Revenue of $-4,763,609, expenses of $128K, and assets of $621K.
Data Sources and Methodology
This transparency report for Team Adventure Education Foundation 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.