Trustees Of St Josephs College
St. Joseph's College maintains stable assets but reported a deficit in its most recent fiscal year.
EIN: 10212542 · Standish, ME · NTEE: B430 · Updated: 2026-03-28
Is Trustees Of St Josephs College Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trustees Of St Josephs College directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trustees Of St Josephs College
Trustees Of St Josephs College (EIN: 10212542) is a nonprofit organization based in Standish, ME, classified under NTEE code B430. The organization reported total revenue of $58.3M and total assets of $64.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trustees Of St Josephs College'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 Trustees Of St Josephs College 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, Trustees Of St Josephs College 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
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an institution with annual revenues exceeding $50 million. This suggests that executive compensation may be categorized differently or that the college's leadership is compensated through other means not reflected in the 'officer compensation' section of the 990, potentially obscuring a full view of leadership costs.
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 Trustees Of St Josephs College's IRS 990 filings:
- Consistent 0% officer compensation, which is unusual for an organization of this scale and may obscure full leadership compensation details.
- Expenses exceeded revenue by approximately $3.46 million in the most recent fiscal period (202306), indicating a deficit for that year.
Strengths
The following positive indicators were identified for Trustees Of St Josephs College:
- Stable asset base, consistently around $64-70 million over the past decade, indicating financial resilience.
- Healthy asset-to-liability ratio, demonstrating strong solvency and financial management.
- Consistent operational activity with revenues generally in the $50-60 million range, reflecting a stable educational institution.
Frequently Asked Questions about Trustees Of St Josephs College
Is Trustees Of St Josephs College a legitimate charity?
Based on AI analysis of IRS 990 filings, Trustees Of St Josephs College (EIN: 10212542) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Trustees Of St Josephs College spend its money?
Trustees Of St Josephs College directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trustees Of St Josephs College tax-deductible?
Trustees Of St Josephs College is registered as a tax-exempt nonprofit (EIN: 10212542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Trustees Of St Josephs College a good charity?
Based on the available IRS 990 data, the college appears to be a financially stable educational institution with consistent revenue and asset levels. The consistent reporting of 0% officer compensation is a notable point that could be interpreted positively for cost efficiency or as a lack of transparency regarding leadership remuneration. Its primary mission is education (NTEE B430), and the financial data suggests it is actively operating to fulfill this mission.
Why is officer compensation consistently 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It could indicate that executive leadership is compensated through other mechanisms not classified as 'officer compensation' on the 990, or that the college's governance structure does not involve compensated officers in the traditional sense reported in this section. Further investigation into their specific compensation practices would be needed for clarity.
What caused the deficit in the 202306 fiscal period?
In the 202306 fiscal period, the organization reported expenses of $51,532,023 against revenues of $48,073,477, resulting in a deficit of approximately $3.46 million. The specific causes are not detailed in the summary data provided, but could stem from decreased enrollment, increased operational costs, or a temporary dip in other revenue streams. This is a single-year deficit and should be monitored for trends.
How does the organization's asset base compare to its liabilities?
The organization maintains a healthy asset-to-liability ratio. For example, in 202306, assets were $64,309,387 against liabilities of $17,601,024. This indicates a strong financial position with sufficient assets to cover its obligations, suggesting good financial management and solvency.
Filing History
IRS 990 filing history for Trustees Of St Josephs College showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trustees Of St Josephs College's revenue has grown by 2.9%, moving from $46.7M to $48.1M. Total assets increased by 6.2% over the same period, from $60.6M to $64.3M. Total functional expenses rose by 14.1%, from $45.2M to $51.5M. In its most recent filing year (2023), Trustees Of St Josephs College reported a deficit of $3.5M, with expenses exceeding revenue. The organization holds $17.6M in liabilities against $64.3M in assets (debt-to-asset ratio: 27.4%), resulting in net assets of $46.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $48.1M | $51.5M | $64.3M | $17.6M | — | View 990 |
| 2022 | $53.4M | $51.2M | $66.8M | $17.8M | — | View 990 |
| 2021 | $58.4M | $51.9M | $70.7M | $20.5M | — | View 990 |
| 2020 | $53.1M | $53.3M | $67.2M | $25.0M | — | View 990 |
| 2019 | $59.8M | $57.2M | $66.8M | $25.1M | — | View 990 |
| 2018 | $56.8M | $56.4M | $66.6M | $28.0M | — | View 990 |
| 2017 | $57.6M | $58.0M | $66.5M | $28.5M | — | View 990 |
| 2016 | $54.3M | $55.6M | $65.3M | $26.5M | — | View 990 |
| 2015 | $56.1M | $53.4M | $66.6M | $27.2M | — | View 990 |
| 2014 | $53.5M | $53.0M | $65.3M | $28.1M | — | View 990 |
| 2013 | $51.4M | $50.0M | $63.3M | $28.7M | — | View 990 |
| 2012 | $49.9M | $48.3M | $61.9M | $29.7M | — | View 990 |
| 2011 | $46.7M | $45.2M | $60.6M | $29.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48.1M, expenses of $51.5M, and assets of $64.3M (revenue -9.9% year-over-year).
- 2022: Revenue of $53.4M, expenses of $51.2M, and assets of $66.8M (revenue -8.6% year-over-year).
- 2021: Revenue of $58.4M, expenses of $51.9M, and assets of $70.7M (revenue +9.9% year-over-year).
- 2020: Revenue of $53.1M, expenses of $53.3M, and assets of $67.2M (revenue -11.2% year-over-year).
- 2019: Revenue of $59.8M, expenses of $57.2M, and assets of $66.8M (revenue +5.3% year-over-year).
- 2018: Revenue of $56.8M, expenses of $56.4M, and assets of $66.6M (revenue -1.4% year-over-year).
- 2017: Revenue of $57.6M, expenses of $58.0M, and assets of $66.5M (revenue +6.1% year-over-year).
- 2016: Revenue of $54.3M, expenses of $55.6M, and assets of $65.3M (revenue -3.2% year-over-year).
- 2015: Revenue of $56.1M, expenses of $53.4M, and assets of $66.6M (revenue +4.8% year-over-year).
- 2014: Revenue of $53.5M, expenses of $53.0M, and assets of $65.3M (revenue +4.1% year-over-year).
- 2013: Revenue of $51.4M, expenses of $50.0M, and assets of $63.3M (revenue +3.0% year-over-year).
- 2012: Revenue of $49.9M, expenses of $48.3M, and assets of $61.9M (revenue +6.9% year-over-year).
- 2011: Revenue of $46.7M, expenses of $45.2M, and assets of $60.6M.
Data Sources and Methodology
This transparency report for Trustees Of St Josephs College 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.