University Of Maine Pulp And Paper Foundation
University Of Maine Pulp And Paper Foundation consistently grows assets with zero reported officer compensation.
EIN: 10237721 · Orono, ME · NTEE: S41Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.7M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $32.1M |
| Transparency Score | 98/100 |
Is University Of Maine Pulp And Paper 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 Pulp And Paper Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About University Of Maine Pulp And Paper Foundation
University Of Maine Pulp And Paper Foundation (EIN: 10237721) is a nonprofit organization based in Orono, ME, classified under NTEE code S41Z. The organization reported total revenue of $2.3M and total assets of $33.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Of Maine Pulp And Paper Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
University Of Maine Pulp And Paper Foundation is a mid-size nonprofit that has been operating for 72 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $32.1M |
| Net Assets | $32.1M |
| Operating Margin | 39.6% |
| Months of Reserves | 232.1 months |
Financial Health Grade: A
In 2023, University Of Maine Pulp And Paper Foundation reported a surplus of $1.1M with revenue exceeding expenses, holds 232.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), University Of Maine Pulp And Paper Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.6% | -0.3% | +12.1% |
| 2022 | -66.6% | +3.8% | -18.2% |
| 2021 | +238.7% | +11.0% | +11.3% |
| 2020 | -53.9% | +0.4% | +12.2% |
| 2019 | +82.0% | +11.2% | +21.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1954 |
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 Pulp And Paper Foundation with a Mission Score of 98 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, University Of Maine Pulp And Paper Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $1.1M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an entity with assets exceeding $30 million.
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 Pulp And Paper Foundation's IRS 990 filings:
- Unusually low administrative spending (0% officer compensation) for an organization of this size, which might suggest some costs are borne by an affiliated entity and not fully transparent in the 990.
Strengths
The following positive indicators were identified for University Of Maine Pulp And Paper Foundation:
- Consistent asset growth, reaching $32,128,257 in 2023, demonstrating strong financial stewardship.
- Zero reported officer compensation across all filings, indicating a high dedication to program spending.
- Extremely low liabilities, with $0 reported in 2023, signifying excellent financial health and minimal debt.
- Expenses consistently well below revenue in most periods, leading to healthy surpluses for reinvestment.
- Strong program focus implied by the lack of executive compensation and consistent asset accumulation.
Frequently Asked Questions about University Of Maine Pulp And Paper Foundation
Is University Of Maine Pulp And Paper Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, University Of Maine Pulp And Paper Foundation (EIN: 10237721) some concerns. Mission Score: 98/100. 1 red flag identified, 5 strengths noted.
How does University Of Maine Pulp And Paper Foundation spend its money?
University Of Maine Pulp And Paper Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to University Of Maine Pulp And Paper Foundation tax-deductible?
University Of Maine Pulp And Paper Foundation is registered as a tax-exempt nonprofit (EIN: 10237721). 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 Pulp And Paper Foundation CEO make?
University Of Maine Pulp And Paper Foundation's highest-compensated officer earns $30 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does University Of Maine Pulp And Paper Foundation compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), University Of Maine Pulp And Paper Foundation is above average for NTEE category S41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is University Of Maine Pulp And Paper Foundation located?
University Of Maine Pulp And Paper Foundation is headquartered in Orono, Maine and files with the IRS under EIN 10237721. It is classified under NTEE code S41Z.
How many years of IRS 990 filings does University Of Maine Pulp And Paper Foundation have?
University Of Maine Pulp And Paper Foundation 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 $2.3M in total revenue.
How does the organization manage to operate with zero reported officer compensation?
The filings consistently show 0% officer compensation, suggesting that leadership roles may be filled by volunteers, or compensation is covered by the University of Maine directly, or through other means not reported as officer compensation on the 990.
What is the primary source of the organization's revenue fluctuations?
Revenue has varied significantly, from $972,030 in 2015 to $5,221,820 in 2021. This volatility often indicates reliance on large donations, grants, or investment returns, which can be less predictable than consistent program service fees.
How does the organization maintain such low liabilities?
The organization consistently reports extremely low or zero liabilities, indicating strong cash flow management, minimal debt, and possibly a policy of not taking on significant financial obligations.
Filing History
IRS 990 filing history for University Of Maine Pulp And Paper Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), University Of Maine Pulp And Paper Foundation's revenue has grown by 256.5%, moving from $771K to $2.7M. Total assets increased by 78.2% over the same period, from $18.0M to $32.1M. Total functional expenses rose by 40.4%, from $1.2M to $1.7M. In its most recent filing year (2023), University Of Maine Pulp And Paper Foundation reported a surplus of $1.1M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $1.7M | $32.1M | $0 | — | View 990 |
| 2022 | $1.7M | $1.7M | $28.7M | $31 | — | — |
| 2021 | $5.2M | $1.6M | $35.1M | $75 | — | View 990 |
| 2020 | $1.5M | $1.4M | $31.5M | $600 | — | View 990 |
| 2019 | $3.3M | $1.4M | $28.1M | $2K | — | View 990 |
| 2018 | $1.8M | $1.3M | $23.0M | $14K | — | View 990 |
| 2017 | $2.0M | $1.1M | $24.9M | $38K | — | View 990 |
| 2016 | $1.1M | $1.2M | $22.4M | $96K | — | View 990 |
| 2015 | $972K | $1.2M | $21.5M | $0 | — | View 990 |
| 2014 | $984K | $1.2M | $22.2M | $334 | — | View 990 |
| 2013 | $938K | $1.2M | $21.4M | $0 | — | View 990 |
| 2012 | $3.8M | $1.3M | $19.2M | $0 | — | View 990 |
| 2011 | $771K | $1.2M | $18.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $1.7M, and assets of $32.1M (revenue +57.6% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $28.7M (revenue -66.6% year-over-year).
- 2021: Revenue of $5.2M, expenses of $1.6M, and assets of $35.1M (revenue +238.7% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $31.5M (revenue -53.9% year-over-year).
- 2019: Revenue of $3.3M, expenses of $1.4M, and assets of $28.1M (revenue +82.0% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.3M, and assets of $23.0M (revenue -8.7% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.1M, and assets of $24.9M (revenue +82.0% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $22.4M (revenue +13.8% year-over-year).
- 2015: Revenue of $972K, expenses of $1.2M, and assets of $21.5M (revenue -1.2% year-over-year).
- 2014: Revenue of $984K, expenses of $1.2M, and assets of $22.2M (revenue +4.9% year-over-year).
- 2013: Revenue of $938K, expenses of $1.2M, and assets of $21.4M (revenue -75.3% year-over-year).
- 2012: Revenue of $3.8M, expenses of $1.3M, and assets of $19.2M (revenue +392.6% year-over-year).
- 2011: Revenue of $771K, expenses of $1.2M, and assets of $18.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for University Of Maine Pulp And Paper Foundation:
Data Sources and Methodology
This transparency report for University Of Maine Pulp And Paper 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.