The Nemasket Group Inc
The Nemasket Group: Consistent Operations, Modest Growth
EIN: 222563405 · Mattapoisett, MA · NTEE: J300 · Updated: 2026-04-04
About The Nemasket Group Inc
The Nemasket Group Inc (EIN: 222563405) is a nonprofit organization based in Mattapoisett, MA, classified under NTEE code J300. The organization reported total revenue of $4.8M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Nemasket Group 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 The Nemasket Group 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, The Nemasket Group 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.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, suggesting either a fully volunteer-led executive team or compensation is structured in a way that is not categorized as direct compensation in the provided data.
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 The Nemasket Group Inc's IRS 990 filings:
- Consistent 0% executive compensation reported across all years may warrant further investigation into how leadership is compensated or if it's entirely volunteer-driven, as this is unusual for an organization of this size.
Strengths
The following positive indicators were identified for The Nemasket Group Inc:
- Stable financial performance with consistent revenue and asset levels over multiple years.
- Healthy asset-to-liability ratio, indicating strong financial solvency.
- Consistent operational expenses relative to revenue, suggesting efficient management.
Frequently Asked Questions about The Nemasket Group Inc
What does The Nemasket Group Inc do?
The Nemasket Group Inc is a nonprofit organization in the Employment sector, located in Mattapoisett, Massachusetts. It is classified under NTEE code J300.
How much revenue does The Nemasket Group Inc have?
The Nemasket Group Inc reported total revenue of $4,755,799. Based on 13 IRS 990 filings on record.
What are The Nemasket Group Inc's total assets?
The Nemasket Group Inc holds total assets of $3,314,043 as reported in IRS 990 filings.
Where is The Nemasket Group Inc located?
The Nemasket Group Inc is based in Mattapoisett, Massachusetts.
What is The Nemasket Group Inc's EIN?
The Nemasket Group Inc's Employer Identification Number (EIN) is 222563405. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Nemasket Group Inc?
The Nemasket Group Inc is classified under NTEE code J300 (Employment).
Is The Nemasket Group Inc a registered 501(c)(3)?
Yes, The Nemasket Group Inc is recognized as a tax-exempt organization by the IRS. EIN: 222563405.
Does The Nemasket Group Inc file IRS Form 990?
Yes, The Nemasket Group Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was The Nemasket Group Inc's revenue in 2024?
In the 202406 filing period, The Nemasket Group Inc reported total revenue of $4,163,170, total expenses of $4,210,939, and net assets of $3,241,341.
Is The Nemasket Group Inc's revenue growing or declining?
The Nemasket Group Inc's revenue is relatively stable. Revenue went from $4,215,555 (202306) to $4,163,170 (202406), a -1.2% change. Based on 13 filings on record.
What is The Nemasket Group Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Nemasket Group Inc covers tax period 202406. It shows revenue of $4,163,170, expenses of $4,210,939, total assets of $3,241,341, and liabilities of $1,735,940.
How much does The Nemasket Group Inc spend on programs vs administration?
Based on IRS 990 analysis, The Nemasket Group Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is The Nemasket Group Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Nemasket Group Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for The Nemasket Group Inc?
The following concerns were identified: Consistent 0% executive compensation reported across all years may warrant further investigation into how leadership is compensated or if it's entirely volunteer-driven, as this is unusual for an organization of this size.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Nemasket Group Inc's strengths?
Positive indicators for The Nemasket Group Inc include: Stable financial performance with consistent revenue and asset levels over multiple years.. Healthy asset-to-liability ratio, indicating strong financial solvency.. Consistent operational expenses relative to revenue, suggesting efficient management.. These findings are derived from AI analysis of the organization's financial filings.
How does The Nemasket Group Inc compensate executives?
Executive compensation is reported as 0% in all available filings, suggesting either a fully volunteer-led executive team or compensation is structured in a way that is not categorized as direct compensation in the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is The Nemasket Group Inc?
• The organization consistently reports 0% compensation for key employees, which may indicate a reliance on volunteer leadership or a different compensation structure not immediately apparent. • Financial filings show stable revenue and expenses over the past several years, with assets consistently above liabilities. • The Nemasket Group Inc. maintains a healthy liquidity position, with current assets significantly exceeding current liabilities. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent 0% executive compensation, how does The Nemasket Group Inc. attract and retain its leadership?
The consistent reporting of 0% executive compensation suggests a strong volunteer base or a unique compensation model not detailed in the provided data. Further inquiry into their operational model and leadership structure would be necessary to understand how they maintain leadership without direct compensation.
Filing History
IRS 990 filing history for The Nemasket Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), The Nemasket Group Inc's revenue has grown by 40%, moving from $3.0M to $4.2M. Total assets increased by 282.7% over the same period, from $847K to $3.2M. Total functional expenses rose by 41%, from $3.0M to $4.2M. In its most recent filing year (2024), The Nemasket Group Inc reported a deficit of $48K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $3.2M in assets (debt-to-asset ratio: 53.6%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $4.2M | $4.2M | $3.2M | $1.7M | — | View 990 |
| 2023 | $4.2M | $4.1M | $3.3M | $1.8M | — | View 990 |
| 2022 | $3.8M | $3.7M | $3.1M | $1.7M | — | View 990 |
| 2021 | $3.5M | $3.6M | $3.1M | $1.8M | — | View 990 |
| 2020 | $4.4M | $3.9M | $3.3M | $1.9M | — | View 990 |
| 2019 | $3.5M | $3.6M | $2.7M | $1.8M | — | View 990 |
| 2018 | $3.8M | $3.8M | $2.9M | $1.8M | — | View 990 |
| 2017 | $4.0M | $3.9M | $3.0M | $2.0M | — | View 990 |
| 2016 | $3.9M | $3.9M | $2.9M | $2.1M | — | View 990 |
| 2015 | $3.6M | $3.5M | $1.3M | $551K | — | View 990 |
| 2014 | $3.2M | $3.1M | $1.1M | $411K | — | View 990 |
| 2013 | $2.9M | $2.9M | $856K | $233K | — | View 990 |
| 2012 | $3.0M | $3.0M | $847K | $229K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.2M, expenses of $4.2M, and assets of $3.2M (revenue -1.2% year-over-year).
- 2023: Revenue of $4.2M, expenses of $4.1M, and assets of $3.3M (revenue +11.8% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.7M, and assets of $3.1M (revenue +7.7% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.6M, and assets of $3.1M (revenue -21.1% year-over-year).
- 2020: Revenue of $4.4M, expenses of $3.9M, and assets of $3.3M (revenue +26.5% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.6M, and assets of $2.7M (revenue -8.2% year-over-year).
- 2018: Revenue of $3.8M, expenses of $3.8M, and assets of $2.9M (revenue -5.4% year-over-year).
- 2017: Revenue of $4.0M, expenses of $3.9M, and assets of $3.0M (revenue +2.8% year-over-year).
- 2016: Revenue of $3.9M, expenses of $3.9M, and assets of $2.9M (revenue +10.0% year-over-year).
- 2015: Revenue of $3.6M, expenses of $3.5M, and assets of $1.3M (revenue +11.5% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.1M, and assets of $1.1M (revenue +10.7% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.9M, and assets of $856K (revenue -2.5% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.0M, and assets of $847K.
Data Sources and Methodology
This transparency report for The Nemasket Group 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.