Trustees Of Bloomfield Academy
Trustees Of Bloomfield Academy consistently maintains a financial surplus and growing assets with no reported officer compensation.
EIN: 10211488 · Skowhegan, ME · NTEE: A82Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $895K |
| Total Expenses | $343K |
| Program Spending | 90% |
| Net Assets | $2.4M |
| Transparency Score | 92/100 |
Is Trustees Of Bloomfield Academy Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trustees Of Bloomfield Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trustees Of Bloomfield Academy
Trustees Of Bloomfield Academy (EIN: 10211488) is a nonprofit organization based in Skowhegan, ME, classified under NTEE code A82Z. The organization reported total revenue of $895K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trustees Of Bloomfield Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trustees Of Bloomfield Academy is a small nonprofit that has been operating for 86 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $501K |
| Total Expenses | $343K |
| Surplus / Deficit | +$158K |
| Total Assets | $2.4M |
| Net Assets | $2.4M |
| Operating Margin | 31.5% |
| Months of Reserves | 85.0 months |
Financial Health Grade: A
In 2024, Trustees Of Bloomfield Academy reported a surplus of $158K with revenue exceeding expenses, holds 85.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Trustees Of Bloomfield Academy's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +36.4% | +1.8% | +8.5% |
| 2023 | -37.8% | -6.6% | -8.1% |
| 2022 | +51.3% | +42.5% | +9.1% |
| 2021 | +21.8% | -2.7% | +12.5% |
| 2020 | +2.0% | -7.9% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1940 |
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 Trustees Of Bloomfield Academy with a Mission Score of 92 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Trustees Of Bloomfield Academy allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $158K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This suggests a volunteer-led or very lean executive structure, which can contribute to higher spending efficiency.
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.
Strengths
The following positive indicators were identified for Trustees Of Bloomfield Academy:
- Consistent financial surpluses, with revenue exceeding expenses in most periods (e.g., 202401: Revenue=$501,328, Expenses=$343,412).
- Steady growth in assets, from $1,903,506 in 2015 to $2,431,671 in 2024, indicating strong financial stewardship.
- No reported liabilities across all filings, suggesting a very healthy balance sheet.
- 0% officer compensation reported, implying high efficiency in directing funds towards the mission.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Trustees Of Bloomfield Academy
Is Trustees Of Bloomfield Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Trustees Of Bloomfield Academy (EIN: 10211488) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Trustees Of Bloomfield Academy spend its money?
Trustees Of Bloomfield Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trustees Of Bloomfield Academy tax-deductible?
Trustees Of Bloomfield Academy is registered as a tax-exempt nonprofit (EIN: 10211488). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Trustees Of Bloomfield Academy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Trustees Of Bloomfield Academy is above average for NTEE category A82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Trustees Of Bloomfield Academy located?
Trustees Of Bloomfield Academy is headquartered in Skowhegan, Maine and files with the IRS under EIN 10211488. It is classified under NTEE code A82Z.
How many years of IRS 990 filings does Trustees Of Bloomfield Academy have?
Trustees Of Bloomfield Academy has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $895K in total revenue.
How does Trustees Of Bloomfield Academy manage to have 0% officer compensation?
The filings consistently show 0% officer compensation, suggesting that the organization's leadership may be entirely volunteer-based or that compensation is structured in a way not reported under 'officer compensation' on the 990, though the latter is less common for a sustained period.
What is the primary source of revenue for Trustees Of Bloomfield Academy?
While the provided data shows total revenue, it does not specify the breakdown of revenue sources (e.g., donations, program service revenue, investment income). Further examination of the full 990 forms would be needed to determine the primary source.
What specific programs does Trustees Of Bloomfield Academy operate?
The NTEE code A82Z (Elementary & Secondary Education, Other) indicates the general area of operation, but the provided financial summary does not detail specific programs. A review of the full 990, particularly Part III, would provide this information.
Filing History
IRS 990 filing history for Trustees Of Bloomfield Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Trustees Of Bloomfield Academy's revenue has grown by 23.8%, moving from $405K to $501K. Total assets increased by 34.5% over the same period, from $1.8M to $2.4M. Total functional expenses fell by 24.7%, from $456K to $343K. In its most recent filing year (2024), Trustees Of Bloomfield Academy reported a surplus of $158K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $501K | $343K | $2.4M | $0 | — | — |
| 2023 | $368K | $337K | $2.2M | $0 | — | View 990 |
| 2022 | $591K | $361K | $2.4M | $0 | — | View 990 |
| 2021 | $391K | $253K | $2.2M | $0 | — | — |
| 2020 | $321K | $261K | $2.0M | $0 | — | View 990 |
| 2019 | $315K | $283K | $1.9M | $0 | — | View 990 |
| 2018 | $373K | $438K | $2.0M | $0 | — | View 990 |
| 2017 | $255K | $507K | $1.9M | $0 | — | View 990 |
| 2016 | $247K | $300K | $1.8M | $0 | — | View 990 |
| 2015 | $542K | $273K | $1.9M | $0 | — | View 990 |
| 2014 | $273K | $311K | $1.7M | $0 | — | View 990 |
| 2013 | $381K | $369K | $1.8M | $0 | — | View 990 |
| 2012 | $405K | $456K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $501K, expenses of $343K, and assets of $2.4M (revenue +36.4% year-over-year).
- 2023: Revenue of $368K, expenses of $337K, and assets of $2.2M (revenue -37.8% year-over-year).
- 2022: Revenue of $591K, expenses of $361K, and assets of $2.4M (revenue +51.3% year-over-year).
- 2021: Revenue of $391K, expenses of $253K, and assets of $2.2M (revenue +21.8% year-over-year).
- 2020: Revenue of $321K, expenses of $261K, and assets of $2.0M (revenue +2.0% year-over-year).
- 2019: Revenue of $315K, expenses of $283K, and assets of $1.9M (revenue -15.7% year-over-year).
- 2018: Revenue of $373K, expenses of $438K, and assets of $2.0M (revenue +46.2% year-over-year).
- 2017: Revenue of $255K, expenses of $507K, and assets of $1.9M (revenue +3.5% year-over-year).
- 2016: Revenue of $247K, expenses of $300K, and assets of $1.8M (revenue -54.5% year-over-year).
- 2015: Revenue of $542K, expenses of $273K, and assets of $1.9M (revenue +98.7% year-over-year).
- 2014: Revenue of $273K, expenses of $311K, and assets of $1.7M (revenue -28.5% year-over-year).
- 2013: Revenue of $381K, expenses of $369K, and assets of $1.8M (revenue -5.9% year-over-year).
- 2012: Revenue of $405K, expenses of $456K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trustees Of Bloomfield Academy:
Data Sources and Methodology
This transparency report for Trustees Of Bloomfield Academy 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.