University Of Maine Foundation
University of Maine Foundation maintains robust asset growth and significant revenue, with no reported officer compensation.
EIN: 16011501 · Orono, ME · NTEE: B110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $112.3M |
| Total Expenses | $32.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $458 |
| Net Assets | $378.5M |
| Transparency Score | 85/100 |
Is University Of Maine Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
University Of Maine Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About University Of Maine Foundation
University Of Maine Foundation (EIN: 16011501) is a nonprofit organization based in Orono, ME, classified under NTEE code B110. The organization reported total revenue of $112.3M and total assets of $458.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Of Maine Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
University Of Maine Foundation is a major nonprofit that has been operating for 86 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $64.7M |
| Total Expenses | $32.9M |
| Surplus / Deficit | +$31.9M |
| Total Assets | $390.6M |
| Total Liabilities | $12.1M |
| Net Assets | $378.5M |
| Operating Margin | 49.2% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 142.6 months |
Financial Health Grade: A
In 2023, University Of Maine Foundation reported a surplus of $31.9M with revenue exceeding expenses, holds 142.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), University Of Maine Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.9% | -26.2% | +19.7% |
| 2022 | +85.3% | +271.7% | -16.9% |
| 2021 | -57.4% | -43.5% | +6.7% |
| 2021 | +73.3% | -2.0% | +30.1% |
| 2020 | +2.4% | +10.4% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 University Of Maine 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, University Of Maine Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all listed periods, suggesting that executive salaries are either not paid by the foundation directly, are very low, or are covered by the University of Maine itself. This lack of reported compensation is unusual for an organization of its size with assets exceeding $458 million, potentially impacting transparency regarding 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 University Of Maine Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency regarding leadership costs.
Strengths
The following positive indicators were identified for University Of Maine Foundation:
- Strong and consistent asset growth, reaching $458,332,421 in the latest filing.
- Generally healthy financial surplus, with revenues often exceeding expenses (e.g., 2023 revenue $64.7M vs. expenses $32.8M).
- Significant revenue generation, demonstrating strong fundraising capabilities.
- Low liabilities relative to assets, indicating good financial health (e.g., 2023 liabilities $12.0M vs. assets $390.5M).
Frequently Asked Questions about University Of Maine Foundation
Is University Of Maine Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, University Of Maine Foundation (EIN: 16011501) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does University Of Maine Foundation spend its money?
University Of Maine Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to University Of Maine Foundation tax-deductible?
University Of Maine Foundation is registered as a tax-exempt nonprofit (EIN: 16011501). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the University Of Maine Foundation CEO make?
University Of Maine Foundation's highest-compensated officer earns $458 annually. The organization reported $112.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of University Of Maine Foundation's spending goes to programs?
University Of Maine Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does University Of Maine Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), University Of Maine Foundation is above average for NTEE category B110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is University Of Maine Foundation located?
University Of Maine Foundation is headquartered in Orono, Maine and files with the IRS under EIN 16011501. It is classified under NTEE code B110.
How many years of IRS 990 filings does University Of Maine Foundation have?
University Of Maine Foundation has 14 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 $112.3M in total revenue.
How does the University of Maine Foundation allocate its expenses between program services, administration, and fundraising?
While specific percentages are not detailed in the provided summary, the foundation's primary mission is to support the University of Maine. Therefore, a significant portion of its expenses would likely be directed towards grants and support for university programs, which are considered program services. Further detailed financial statements would be needed for a precise breakdown.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this scale. This could mean that executive salaries are paid by the University of Maine directly, or that the compensation structure is such that it falls outside the typical reporting requirements for 'officer compensation' in this summary data.
What is the primary source of the significant revenue fluctuations observed?
The significant fluctuations in revenue, ranging from $13.6 million to $112.2 million, are likely due to a combination of factors including large one-time donations, endowment investment performance, and capital campaigns. Foundations often experience variability in revenue based on market conditions and donor generosity.
How does the foundation ensure its financial stability given the revenue volatility?
Despite revenue volatility, the foundation has consistently grown its assets, reaching $458,332,421. This indicates strong financial management, likely through prudent investment strategies and maintaining a healthy surplus, which provides a buffer against revenue fluctuations and ensures long-term stability.
Filing History
IRS 990 filing history for University Of Maine Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), University Of Maine Foundation's revenue has grown by 290.8%, moving from $16.6M to $64.7M. Total assets increased by 112.6% over the same period, from $183.7M to $390.6M. Total functional expenses rose by 269%, from $8.9M to $32.9M. In its most recent filing year (2023), University Of Maine Foundation reported a surplus of $31.9M, with revenue exceeding expenses. The organization holds $12.1M in liabilities against $390.6M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $378.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $64.7M | $32.9M | $390.6M | $12.1M | — | View 990 |
| 2022 | $41.0M | $44.6M | $326.2M | $9.4M | — | View 990 |
| 2021 | $22.1M | $12.0M | $392.6M | $10.6M | — | View 990 |
| 2021 | $51.9M | $21.2M | $367.9M | $7.1M | — | View 990 |
| 2020 | $30.0M | $21.6M | $282.8M | $7.0M | — | — |
| 2019 | $29.2M | $19.6M | $272.9M | $6.3M | — | View 990 |
| 2018 | $40.9M | $17.9M | $262.6M | $6.4M | — | View 990 |
| 2017 | $19.8M | $15.3M | $232.9M | $5.9M | — | View 990 |
| 2016 | $13.7M | $13.3M | $208.4M | $5.7M | — | View 990 |
| 2015 | $19.5M | $12.0M | $216.0M | $6.1M | — | View 990 |
| 2014 | $28.3M | $13.3M | $219.6M | $6.5M | — | View 990 |
| 2013 | $18.5M | $8.4M | $193.5M | $6.3M | — | View 990 |
| 2012 | $17.6M | $10.2M | $179.7M | $6.7M | — | View 990 |
| 2011 | $16.6M | $8.9M | $183.7M | $7.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $64.7M, expenses of $32.9M, and assets of $390.6M (revenue +57.9% year-over-year).
- 2022: Revenue of $41.0M, expenses of $44.6M, and assets of $326.2M (revenue +85.3% year-over-year).
- 2021: Revenue of $22.1M, expenses of $12.0M, and assets of $392.6M (revenue -57.4% year-over-year).
- 2021: Revenue of $51.9M, expenses of $21.2M, and assets of $367.9M (revenue +73.3% year-over-year).
- 2020: Revenue of $30.0M, expenses of $21.6M, and assets of $282.8M (revenue +2.4% year-over-year).
- 2019: Revenue of $29.2M, expenses of $19.6M, and assets of $272.9M (revenue -28.4% year-over-year).
- 2018: Revenue of $40.9M, expenses of $17.9M, and assets of $262.6M (revenue +106.7% year-over-year).
- 2017: Revenue of $19.8M, expenses of $15.3M, and assets of $232.9M (revenue +44.3% year-over-year).
- 2016: Revenue of $13.7M, expenses of $13.3M, and assets of $208.4M (revenue -29.9% year-over-year).
- 2015: Revenue of $19.5M, expenses of $12.0M, and assets of $216.0M (revenue -30.9% year-over-year).
- 2014: Revenue of $28.3M, expenses of $13.3M, and assets of $219.6M (revenue +52.5% year-over-year).
- 2013: Revenue of $18.5M, expenses of $8.4M, and assets of $193.5M (revenue +5.4% year-over-year).
- 2012: Revenue of $17.6M, expenses of $10.2M, and assets of $179.7M (revenue +6.2% year-over-year).
- 2011: Revenue of $16.6M, expenses of $8.9M, and assets of $183.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for University Of Maine Foundation:
Data Sources and Methodology
This transparency report for University Of Maine 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.