University Of Maine School Of Law Foundation

University Of Maine School Of Law Foundation reports no officer compensation but experienced a $400,000 deficit in 2023.

EIN: 10544448 · Portland, ME · NTEE: B11 · Updated: 2026-03-28

$961KRevenue

$6.7MAssets

85/100Mission Score (Excellent)

B11

About University Of Maine School Of Law Foundation

University Of Maine School Of Law Foundation (EIN: 10544448) is a nonprofit organization based in Portland, ME, classified under NTEE code B11. The organization reported total revenue of $961K and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Of Maine School Of Law 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 School Of Law Foundation demonstrates a generally stable financial position with assets consistently above $6 million in recent years, reaching $6,788,781 in 2023. While revenue has fluctuated, with a notable increase to $1,114,658 in 2023, the organization experienced a deficit in the same year, with expenses exceeding revenue by approximately $400,000. This follows a surplus in 2022, indicating some variability in annual financial performance. The foundation's consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of financial efficiency and transparency.

The organization's spending efficiency appears to be reasonable, especially given the lack of reported officer compensation. However, the significant deficit in 2023, where expenses were $1,517,393 against revenues of $1,114,658, warrants closer examination to understand the nature of these expenditures and if they represent strategic investments or operational challenges. The foundation's assets have remained robust, providing a buffer against short-term deficits. Overall, the foundation exhibits good transparency regarding executive compensation and a solid asset base, but recent spending patterns require further scrutiny to fully assess long-term financial health.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates University Of Maine School Of Law 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: 85%
fundraising: 5%

According to IRS 990 filings, University Of Maine School Of Law Foundation 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 University Of Maine School Of Law Foundation consistently reports 0% officer compensation across all available filings, indicating that no portion of its revenue or expenses is allocated to executive salaries. This is highly commendable for an organization with assets exceeding $6 million, suggesting a strong focus on mission-related spending.

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 School Of Law Foundation's IRS 990 filings:

Significant deficit in 2023 ($1,517,393 expenses vs. $1,114,658 revenue)
Fluctuating annual revenues and expenses, indicating potential unpredictability in financial planning.

Strengths

The following positive indicators were identified for University Of Maine School Of Law Foundation:

Consistent reporting of 0% officer compensation, indicating high efficiency in executive spending.
Strong asset base, consistently above $6 million, providing financial resilience.
Positive net assets (Assets $6,788,781 vs. Liabilities $287,786 in 2023).

Frequently Asked Questions about University Of Maine School Of Law Foundation

Is the University Of Maine School Of Law Foundation financially stable?

The foundation appears generally stable with assets consistently over $6 million, reaching $6,788,781 in 2023. However, the $400,000 deficit in 2023 (Expenses $1,517,393 vs. Revenue $1,114,658) suggests a need to monitor future financial performance.

How does the foundation manage executive compensation?

The foundation reports 0% officer compensation across all available filings, indicating a strong commitment to directing funds towards its programs rather than executive salaries.

What caused the significant increase in expenses in 2023?

In 2023, expenses rose to $1,517,393 from $695,684 in 2022. Without detailed program and administrative spending breakdowns, it's unclear if this was due to increased program activities, one-time investments, or operational cost increases.

Filing History

IRS 990 filing history for University Of Maine School Of Law Foundation showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), University Of Maine School Of Law Foundation's revenue has grown by 178.4%, moving from $400K to $1.1M. Total assets increased by 81.7% over the same period, from $3.7M to $6.8M. Total functional expenses rose by 546.7%, from $235K to $1.5M. In its most recent filing year (2023), University Of Maine School Of Law Foundation reported a deficit of $403K, with expenses exceeding revenue. The organization holds $288K in liabilities against $6.8M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $6.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.1M	$1.5M	$6.8M	$288K	—	View 990
2022	$929K	$696K	$6.8M	$349K	—	View 990
2021	$493K	$718K	$7.4M	$387K	—	View 990
2020	$809K	$612K	$6.5M	$471K	—	—
2019	$855K	$910K	$6.4M	$530K	—	View 990
2018	$551K	$523K	$6.4M	$546K	—	View 990
2017	$648K	$501K	$6.0M	$418K	—	View 990
2016	$479K	$431K	$5.2M	$330K	—	View 990
2015	$540K	$296K	$5.3M	$370K	—	View 990
2014	$503K	$572K	$4.9M	$89K	—	View 990
2013	$650K	$315K	$4.4M	$473	—	View 990
2012	$400K	$235K	$3.7M	$23K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.1M, expenses of $1.5M, and assets of $6.8M (revenue +19.9% year-over-year).
2022: Revenue of $929K, expenses of $696K, and assets of $6.8M (revenue +88.5% year-over-year).
2021: Revenue of $493K, expenses of $718K, and assets of $7.4M (revenue -39.0% year-over-year).
2020: Revenue of $809K, expenses of $612K, and assets of $6.5M (revenue -5.4% year-over-year).
2019: Revenue of $855K, expenses of $910K, and assets of $6.4M (revenue +55.2% year-over-year).
2018: Revenue of $551K, expenses of $523K, and assets of $6.4M (revenue -15.0% year-over-year).
2017: Revenue of $648K, expenses of $501K, and assets of $6.0M (revenue +35.3% year-over-year).
2016: Revenue of $479K, expenses of $431K, and assets of $5.2M (revenue -11.2% year-over-year).
2015: Revenue of $540K, expenses of $296K, and assets of $5.3M (revenue +7.3% year-over-year).
2014: Revenue of $503K, expenses of $572K, and assets of $4.9M (revenue -22.6% year-over-year).
2013: Revenue of $650K, expenses of $315K, and assets of $4.4M (revenue +62.4% year-over-year).
2012: Revenue of $400K, expenses of $235K, and assets of $3.7M.

Data Sources and Methodology

This transparency report for University Of Maine School Of Law 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.