University Of Maine At Fort Kent Foundation

University Of Maine At Fort Kent Foundation maintains strong asset growth and zero liabilities with no reported officer compensation.

EIN: 10469196 · Fort Kent, ME · Updated: 2026-03-28

$579KRevenue

$4.1MAssets

85/100Mission Score (Excellent)

Is University Of Maine At Fort Kent Foundation Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

University Of Maine At Fort Kent Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About University Of Maine At Fort Kent Foundation

University Of Maine At Fort Kent Foundation (EIN: 10469196) is a nonprofit organization based in Fort Kent, ME. The organization reported total revenue of $579K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Of Maine At Fort Kent Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The University Of Maine At Fort Kent Foundation demonstrates strong financial health with consistently growing assets, reaching $3,584,358 in 2023. The organization has maintained zero liabilities across all reported periods, indicating a very stable financial position. Revenue has shown significant fluctuations, with a peak of $1,306,173 in 2014 and more recently $693,988 in 2023, suggesting reliance on varying donation cycles. Spending efficiency appears robust, as expenses are generally well below revenue, allowing for asset growth. For instance, in 2023, expenses were $509,332 against $693,988 in revenue. The absence of reported officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which contributes positively to efficiency and transparency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates University Of Maine At Fort Kent Foundation with a Mission Score of 85 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: 80%
fundraising: 10%

According to IRS 990 filings, University Of Maine At Fort Kent Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a foundation of its size.

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 University Of Maine At Fort Kent Foundation's IRS 990 filings:

NTEE Code is unknown, limiting understanding of specific mission area.
Significant year-over-year revenue fluctuations could indicate unpredictable funding streams.

Strengths

The following positive indicators were identified for University Of Maine At Fort Kent Foundation:

Consistent asset growth, reaching $3,584,358 in 2023.
Zero liabilities reported across all filing periods, indicating excellent financial stability.
0% officer compensation reported, suggesting highly efficient administrative costs.
Expenses consistently well below revenue in most periods, allowing for capital accumulation.
Strong financial health with a substantial asset base relative to annual expenses.

Frequently Asked Questions about University Of Maine At Fort Kent Foundation

Is University Of Maine At Fort Kent Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, University Of Maine At Fort Kent Foundation (EIN: 10469196) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

How does University Of Maine At Fort Kent Foundation spend its money?

University Of Maine At Fort Kent Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to University Of Maine At Fort Kent Foundation tax-deductible?

University Of Maine At Fort Kent Foundation is registered as a tax-exempt nonprofit (EIN: 10469196). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does the foundation manage to have 0% officer compensation?

The filings consistently report 0% officer compensation, suggesting that executive leadership may be volunteer-based, compensated by the university directly, or through other non-officer compensation mechanisms. This is a significant factor in its operational efficiency.

What is the primary source of the foundation's revenue fluctuations?

Revenue has varied significantly, from $1,306,173 in 2014 to $256,393 in 2021, and $693,988 in 2023. This suggests that the foundation may rely on large, infrequent donations or specific fundraising campaigns that vary in success year-to-year.

What specific programs does the foundation support at the University of Maine at Fort Kent?

While the filings indicate strong financial health and asset growth, the NTEE code is unknown and specific program details are not provided in the summary data. Further investigation into their public communications would be needed to understand their specific programmatic impact.

Filing History

IRS 990 filing history for University Of Maine At Fort Kent Foundation showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), University Of Maine At Fort Kent Foundation's revenue has grown by 220.7%, moving from $216K to $694K. Total assets increased by 239.4% over the same period, from $1.1M to $3.6M. Total functional expenses rose by 756.6%, from $59K to $509K. In its most recent filing year (2023), University Of Maine At Fort Kent Foundation reported a surplus of $185K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$694K	$509K	$3.6M	$0	—	View 990
2022	$671K	$249K	$3.2M	$0	—	View 990
2021	$256K	$129K	$3.4M	$0	—	View 990
2020	$232K	$137K	$2.7M	$0	—	View 990
2019	$392K	$161K	$2.6M	$0	—	View 990
2018	$272K	$584K	$2.4M	$0	—	View 990
2017	$269K	$95K	$2.7M	$0	—	View 990
2016	$187K	$587K	$2.4M	$0	—	View 990
2015	$222K	$142K	$2.9M	$0	—	View 990
2014	$1.3M	$151K	$2.9M	$0	—	View 990
2013	$510K	$91K	$1.6M	$0	—	View 990
2012	$216K	$59K	$1.1M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $694K, expenses of $509K, and assets of $3.6M (revenue +3.5% year-over-year).
2022: Revenue of $671K, expenses of $249K, and assets of $3.2M (revenue +161.5% year-over-year).
2021: Revenue of $256K, expenses of $129K, and assets of $3.4M (revenue +10.4% year-over-year).
2020: Revenue of $232K, expenses of $137K, and assets of $2.7M (revenue -40.8% year-over-year).
2019: Revenue of $392K, expenses of $161K, and assets of $2.6M (revenue +44.2% year-over-year).
2018: Revenue of $272K, expenses of $584K, and assets of $2.4M (revenue +1.0% year-over-year).
2017: Revenue of $269K, expenses of $95K, and assets of $2.7M (revenue +44.3% year-over-year).
2016: Revenue of $187K, expenses of $587K, and assets of $2.4M (revenue -16.0% year-over-year).
2015: Revenue of $222K, expenses of $142K, and assets of $2.9M (revenue -83.0% year-over-year).
2014: Revenue of $1.3M, expenses of $151K, and assets of $2.9M (revenue +156.1% year-over-year).
2013: Revenue of $510K, expenses of $91K, and assets of $1.6M (revenue +135.7% year-over-year).
2012: Revenue of $216K, expenses of $59K, and assets of $1.1M.

Data Sources and Methodology

This transparency report for University Of Maine At Fort Kent Foundation 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.