William E Turner Trust Fbo 10 10 123 0019880
Small trust maintains stable assets despite fluctuating revenue and consistent expenses.
EIN: 16007267 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $2K |
| Program Spending | 80% |
| Net Assets | $45K |
| Transparency Score | 65/100 |
Is William E Turner Trust Fbo 10 10 123 0019880 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William E Turner Trust Fbo 10 10 123 0019880 directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William E Turner Trust Fbo 10 10 123 0019880
William E Turner Trust Fbo 10 10 123 0019880 (EIN: 16007267) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $10K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William E Turner Trust Fbo 10 10 123 0019880's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William E Turner Trust Fbo 10 10 123 0019880 is a micro nonprofit that has been operating for 56 years, with 10 years of IRS 990 filings on record (2012–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $799 |
| Total Expenses | $2K |
| Surplus / Deficit | $-1,104 |
| Total Assets | $45K |
| Total Liabilities | $1 |
| Net Assets | $45K |
| Operating Margin | -138.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 282.6 months |
Financial Health Grade: B
In 2024, William E Turner Trust Fbo 10 10 123 0019880 reported a deficit of $1K with expenses exceeding revenue, holds 282.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -8.6% | -16.7% | -2.4% |
| 2023 | -74.1% | -35.8% | -3.0% |
| 2022 | -30.5% | +153.3% | -0.5% |
| 2021 | +59.1% | -34.4% | +7.9% |
| 2020 | +41.8% | -34.2% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 William E Turner Trust Fbo 10 10 123 0019880 with a Mission Score of 65 out of 100 (Good). 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, William E Turner Trust Fbo 10 10 123 0019880 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all filings, indicating that no executives or officers are paid, which is a positive for resource allocation given its small 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 William E Turner Trust Fbo 10 10 123 0019880's IRS 990 filings:
- Expenses frequently exceed revenue, potentially drawing down assets (e.g., 2024: $1,903 expenses vs. $799 revenue).
- Significant revenue fluctuation, including negative revenue in 2012 ($-10,519), indicates unpredictable income streams.
- NTEE code is unknown, and program details are not provided, limiting understanding of its charitable activities.
Strengths
The following positive indicators were identified for William E Turner Trust Fbo 10 10 123 0019880:
- 0% officer compensation across all reported periods, indicating efficient use of funds for leadership.
- Consistently low liabilities, typically $1, suggesting strong financial management of debt.
- Stable asset base (around $43,000-$47,000) over a decade, indicating a degree of financial resilience for a small trust.
Frequently Asked Questions about William E Turner Trust Fbo 10 10 123 0019880
Is William E Turner Trust Fbo 10 10 123 0019880 a legitimate charity?
William E Turner Trust Fbo 10 10 123 0019880 (EIN: 16007267) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $10K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does William E Turner Trust Fbo 10 10 123 0019880 spend its money?
William E Turner Trust Fbo 10 10 123 0019880 directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to William E Turner Trust Fbo 10 10 123 0019880 tax-deductible?
William E Turner Trust Fbo 10 10 123 0019880 is registered as a tax-exempt nonprofit (EIN: 16007267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of William E Turner Trust Fbo 10 10 123 0019880's spending goes to programs?
William E Turner Trust Fbo 10 10 123 0019880 directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is William E Turner Trust Fbo 10 10 123 0019880 located?
William E Turner Trust Fbo 10 10 123 0019880 is headquartered in Augusta, Maine and files with the IRS under EIN 16007267.
How many years of IRS 990 filings does William E Turner Trust Fbo 10 10 123 0019880 have?
William E Turner Trust Fbo 10 10 123 0019880 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 $10K in total revenue.
Is William E Turner Trust Fbo 10 10 123 0019880 a good charity?
Based on the available data, the trust appears to be managed without paid officers, which is a positive. However, without knowing its specific mission or program activities, it's difficult to fully assess its effectiveness as a 'charity' in the traditional sense. Its financial activity is very small, with recent revenues around $800-$3,300 and expenses around $1,900-$3,500.
What is the primary purpose of this trust?
The provided IRS 990 data does not specify the primary purpose or mission of the William E Turner Trust Fbo 10 10 123 0019880. The NTEE code is unknown, and the filings do not offer programmatic details.
How does the trust manage its expenses relative to its revenue?
The trust frequently incurs expenses that exceed its revenue. For example, in 2024, expenses were $1,903 against revenue of $799, and in 2023, expenses were $2,285 against revenue of $874. This suggests it may be drawing from its asset base or relying on prior period surpluses to cover operational costs.
Is the trust growing financially?
The trust's assets have remained relatively stable, fluctuating between $43,170 and $47,592 over the past decade, with the latest assets at $43,528. Revenue has been inconsistent, with no clear growth trend, and often falls short of expenses, indicating it is not actively growing its financial base through operations.
Filing History
IRS 990 filing history for William E Turner Trust Fbo 10 10 123 0019880 showing financial trends over 10 years of public records:
Total assets decreased by 5.8% over the same period, from $48K to $45K. Total functional expenses fell by 44.5%, from $3K to $2K. In its most recent filing year (2024), William E Turner Trust Fbo 10 10 123 0019880 reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $45K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $45K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $799 | $2K | $45K | $1 | — | — |
| 2023 | $874 | $2K | $46K | $1 | — | — |
| 2022 | $3K | $4K | $47K | $1 | — | — |
| 2021 | $5K | $1K | $48K | $1 | — | — |
| 2020 | $3K | $2K | $44K | $1 | — | — |
| 2019 | $2K | $3K | $43K | $0 | — | View 990 |
| 2015 | $4K | $6K | $44K | $0 | — | View 990 |
| 2014 | $2K | $3K | $47K | $0 | — | View 990 |
| 2013 | $2K | $2K | $47K | $0 | — | View 990 |
| 2012 | $-10,519 | $3K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $799, expenses of $2K, and assets of $45K (revenue -8.6% year-over-year).
- 2023: Revenue of $874, expenses of $2K, and assets of $46K (revenue -74.1% year-over-year).
- 2022: Revenue of $3K, expenses of $4K, and assets of $47K (revenue -30.5% year-over-year).
- 2021: Revenue of $5K, expenses of $1K, and assets of $48K (revenue +59.1% year-over-year).
- 2020: Revenue of $3K, expenses of $2K, and assets of $44K (revenue +41.8% year-over-year).
- 2019: Revenue of $2K, expenses of $3K, and assets of $43K (revenue -46.4% year-over-year).
- 2015: Revenue of $4K, expenses of $6K, and assets of $44K (revenue +126.9% year-over-year).
- 2014: Revenue of $2K, expenses of $3K, and assets of $47K (revenue +9.3% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $47K.
- 2012: Revenue of $-10,519, expenses of $3K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William E Turner Trust Fbo 10 10 123 0019880:
Data Sources and Methodology
This transparency report for William E Turner Trust Fbo 10 10 123 0019880 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.