Verrill Foundation
Verrill Foundation maintains stable assets and expenses with zero officer compensation amidst fluctuating revenues.
EIN: 208631244 · Falmouth, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $723K |
| Total Expenses | $151K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $1.6M |
| Transparency Score | 95/100 |
Is Verrill Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Verrill Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Verrill Foundation
Verrill Foundation (EIN: 208631244) is a nonprofit organization based in Falmouth, ME, classified under NTEE code T22. The organization reported total revenue of $723K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Verrill Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Verrill Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $151K |
| Surplus / Deficit | $-75,844 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -100.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 124.0 months |
Financial Health Grade: B
In 2023, Verrill Foundation reported a deficit of $76K with expenses exceeding revenue, holds 124.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Verrill Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.8% | -0.6% | -6.2% |
| 2022 | +92.4% | -1.2% | +21.1% |
| 2021 | +177.4% | +3.2% | +7.6% |
| 2020 | -8.7% | -1.1% | -8.0% |
| 2019 | -27.1% | +24.3% | -7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Verrill Foundation with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Verrill Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $76K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors receive salaries from the foundation. This is highly commendable and suggests that administrative costs are kept extremely low relative to the organization's asset base of approximately $1.5 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.
Strengths
The following positive indicators were identified for Verrill Foundation:
- Zero officer compensation, indicating highly efficient use of funds.
- Extremely low liabilities ($0 or $1 across all filings), demonstrating strong financial stability.
- Consistent asset base of approximately $1.5 million over a decade, showing long-term financial health.
- Stable annual expenses, suggesting predictable and well-managed operational costs.
- Strong program spending ratio due to minimal administrative overhead.
Frequently Asked Questions about Verrill Foundation
Is Verrill Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Verrill Foundation (EIN: 208631244) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Verrill Foundation spend its money?
Verrill Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Verrill Foundation tax-deductible?
Verrill Foundation is registered as a tax-exempt nonprofit (EIN: 208631244). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Verrill Foundation CEO make?
Verrill Foundation's highest-compensated officer earns $1.5 annually. The organization reported $723K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Verrill Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Verrill Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Verrill Foundation located?
Verrill Foundation is headquartered in Falmouth, Maine and files with the IRS under EIN 208631244. It is classified under NTEE code T22.
How many years of IRS 990 filings does Verrill Foundation have?
Verrill Foundation has 10 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 $723K in total revenue.
Is the Verrill Foundation a good charity?
Based on the provided data, the Verrill Foundation exhibits strong financial health, very low administrative overhead (0% officer compensation), and a consistent asset base. Its stable expenses and minimal liabilities suggest responsible financial management. The lack of officer compensation is a significant positive indicator of its commitment to its mission.
How does the Verrill Foundation manage its expenses?
The Verrill Foundation demonstrates highly consistent expense management, with annual expenses typically ranging between $100,000 and $150,000 over the past decade. This stability, coupled with zero officer compensation, suggests a lean operational structure and efficient allocation of resources.
What is the trend in the Verrill Foundation's revenue?
The Verrill Foundation's revenue has been highly volatile, ranging from a negative revenue of -$13,539 in 2014 to a peak of $438,226 in 2022. This fluctuation is common for foundations that rely on investment income or large, infrequent grants, rather than consistent public donations.
Filing History
IRS 990 filing history for Verrill Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Verrill Foundation's revenue has grown by 37.8%, moving from $55K to $76K. Total assets decreased by 5% over the same period, from $1.6M to $1.6M. Total functional expenses rose by 40.3%, from $108K to $151K. In its most recent filing year (2023), Verrill Foundation reported a deficit of $76K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $151K | $1.6M | $1 | — | View 990 |
| 2022 | $438K | $152K | $1.7M | $1 | — | View 990 |
| 2021 | $228K | $154K | $1.4M | $1 | — | View 990 |
| 2020 | $82K | $149K | $1.3M | $1 | — | View 990 |
| 2019 | $90K | $151K | $1.4M | $1 | — | — |
| 2015 | $123K | $122K | $1.5M | $1 | — | View 990 |
| 2014 | $-13,539 | $112K | $1.5M | $0 | — | View 990 |
| 2013 | $149K | $107K | $1.6M | $0 | — | View 990 |
| 2012 | $39K | $108K | $1.6M | $0 | — | View 990 |
| 2011 | $55K | $108K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $151K, and assets of $1.6M (revenue -82.8% year-over-year).
- 2022: Revenue of $438K, expenses of $152K, and assets of $1.7M (revenue +92.4% year-over-year).
- 2021: Revenue of $228K, expenses of $154K, and assets of $1.4M (revenue +177.4% year-over-year).
- 2020: Revenue of $82K, expenses of $149K, and assets of $1.3M (revenue -8.7% year-over-year).
- 2019: Revenue of $90K, expenses of $151K, and assets of $1.4M (revenue -27.1% year-over-year).
- 2015: Revenue of $123K, expenses of $122K, and assets of $1.5M.
- 2014: Revenue of $-13,539, expenses of $112K, and assets of $1.5M (revenue -109.1% year-over-year).
- 2013: Revenue of $149K, expenses of $107K, and assets of $1.6M (revenue +279.5% year-over-year).
- 2012: Revenue of $39K, expenses of $108K, and assets of $1.6M (revenue -28.4% year-over-year).
- 2011: Revenue of $55K, expenses of $108K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Verrill Foundation:
Data Sources and Methodology
This transparency report for Verrill 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.