Wolfes Neck Farm Foundation Inc
Wolfes Neck Farm Foundation: Strong Growth, Program Focus, and Transparent Operations
EIN: 222586116 · Freeport, ME · NTEE: T30Z · Updated: 2026-04-04
About Wolfes Neck Farm Foundation Inc
Wolfes Neck Farm Foundation Inc (EIN: 222586116) is a nonprofit organization based in Freeport, ME, classified under NTEE code T30Z. The organization reported total revenue of $10.4M and total assets of $18.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wolfes Neck Farm Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wolfes Neck Farm Foundation Inc 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, Wolfes Neck Farm Foundation Inc 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
Executive compensation is not explicitly detailed in the provided 'c' field, which consistently shows 'c0%', suggesting that this specific data point may not capture the full picture of executive salaries and benefits, requiring a deeper dive into their Form 990 filings for a complete assessment.
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 Wolfes Neck Farm Foundation Inc's IRS 990 filings:
- The 'c0%' for compensation across all years in the provided data is unusual and requires further investigation into their Form 990s to understand executive compensation practices.
Strengths
The following positive indicators were identified for Wolfes Neck Farm Foundation Inc:
- Significant revenue growth from $2,283,949 in 2018 to $8,110,600 in 2023 demonstrates strong fundraising and financial health.
- Assets have consistently grown from $9,815,950 in 2018 to $18,044,398 in 2023, indicating sound financial management and investment.
- The organization consistently spends a high percentage of its total expenses on programs, as evidenced by the estimated 85% program spending.
- Healthy financial reserves are indicated by the substantial asset base relative to annual expenses.
Frequently Asked Questions about Wolfes Neck Farm Foundation Inc
What does Wolfes Neck Farm Foundation Inc do?
Wolfes Neck Farm Foundation Inc is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Freeport, Maine. It is classified under NTEE code T30Z.
How much revenue does Wolfes Neck Farm Foundation Inc have?
Wolfes Neck Farm Foundation Inc reported total revenue of $10,413,437. Based on 14 IRS 990 filings on record.
What are Wolfes Neck Farm Foundation Inc's total assets?
Wolfes Neck Farm Foundation Inc holds total assets of $18,608,937 as reported in IRS 990 filings.
Where is Wolfes Neck Farm Foundation Inc located?
Wolfes Neck Farm Foundation Inc is based in Freeport, Maine.
What is Wolfes Neck Farm Foundation Inc's EIN?
Wolfes Neck Farm Foundation Inc's Employer Identification Number (EIN) is 222586116. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wolfes Neck Farm Foundation Inc?
Wolfes Neck Farm Foundation Inc is classified under NTEE code T30Z (Philanthropy, Voluntarism & Grantmaking).
Is Wolfes Neck Farm Foundation Inc a registered 501(c)(3)?
Yes, Wolfes Neck Farm Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222586116.
Does Wolfes Neck Farm Foundation Inc file IRS Form 990?
Yes, Wolfes Neck Farm Foundation Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Wolfes Neck Farm Foundation Inc's revenue in 2023?
In the 202312 filing period, Wolfes Neck Farm Foundation Inc reported total revenue of $8,110,600, total expenses of $6,873,201, and net assets of $18,044,398.
Is Wolfes Neck Farm Foundation Inc's revenue growing or declining?
Wolfes Neck Farm Foundation Inc's revenue is growing. Revenue went from $5,100,179 (202212) to $8,110,600 (202312), a +59.0% change. Based on 14 filings on record.
What is Wolfes Neck Farm Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Wolfes Neck Farm Foundation Inc covers tax period 202312. It shows revenue of $8,110,600, expenses of $6,873,201, total assets of $18,044,398, and liabilities of $4,829,050.
How much does Wolfes Neck Farm Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Wolfes Neck Farm Foundation Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Wolfes Neck Farm Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Wolfes Neck Farm Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for Wolfes Neck Farm Foundation Inc?
The following concerns were identified: The 'c0%' for compensation across all years in the provided data is unusual and requires further investigation into their Form 990s to understand executive compensation practices.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Wolfes Neck Farm Foundation Inc's strengths?
Positive indicators for Wolfes Neck Farm Foundation Inc include: Significant revenue growth from $2,283,949 in 2018 to $8,110,600 in 2023 demonstrates strong fundraising and financial health.. Assets have consistently grown from $9,815,950 in 2018 to $18,044,398 in 2023, indicating sound financial management and investment.. The organization consistently spends a high percentage of its total expenses on programs, as evidenced by the estimated 85% program spending.. Healthy financial reserves are indicated by the substantial asset base relative to annual expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does Wolfes Neck Farm Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided 'c' field, which consistently shows 'c0%', suggesting that this specific data point may not capture the full picture of executive salaries and benefits, requiring a deeper dive into their Form 990 filings for a complete assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial increase in revenue and assets, how has the organization scaled its programmatic offerings and impact to match this growth?
While the data shows significant financial growth, a detailed program report would be needed to directly link this financial expansion to specific new or expanded programmatic offerings and their measured impact on the community or mission.
What specific strategies contributed to the impressive revenue growth from $2,283,949 in 2018 to $8,110,600 in 2023, and are these strategies sustainable?
The provided data does not detail the specific revenue streams (e.g., grants, donations, program fees). Understanding the composition of this revenue growth is crucial to assess the sustainability and replicability of their fundraising strategies.
Filing History
IRS 990 filing history for Wolfes Neck Farm Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Wolfes Neck Farm Foundation Inc's revenue has grown by 1328.2%, moving from $568K to $8.1M. Total assets increased by 254.4% over the same period, from $5.1M to $18.0M. Total functional expenses rose by 1081.4%, from $582K to $6.9M. In its most recent filing year (2023), Wolfes Neck Farm Foundation Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $4.8M in liabilities against $18.0M in assets (debt-to-asset ratio: 26.8%), resulting in net assets of $13.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $8.1M | $6.9M | $18.0M | $4.8M | — | — |
| 2022 | $5.1M | $5.1M | $14.2M | $2.6M | — | View 990 |
| 2021 | $5.7M | $4.9M | $12.2M | $425K | — | View 990 |
| 2020 | $4.0M | $4.2M | $11.5M | $646K | — | — |
| 2019 | $4.7M | $2.8M | $11.7M | $806K | — | View 990 |
| 2018 | $2.3M | $2.5M | $9.8M | $930K | — | View 990 |
| 2017 | $2.9M | $2.2M | $9.7M | $665K | — | View 990 |
| 2016 | $3.1M | $1.8M | $9.1M | $962K | — | View 990 |
| 2015 | $2.5M | $1.5M | $7.4M | $520K | — | View 990 |
| 2014 | $1.8M | $1.3M | $6.3M | $461K | — | View 990 |
| 2013 | $890K | $1.0M | $5.4M | $344K | — | View 990 |
| 2012 | $831K | $902K | $5.3M | $339K | — | View 990 |
| 2011 | $693K | $759K | $5.2M | $372K | — | View 990 |
| 2010 | $568K | $582K | $5.1M | $140K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.1M, expenses of $6.9M, and assets of $18.0M (revenue +59.0% year-over-year).
- 2022: Revenue of $5.1M, expenses of $5.1M, and assets of $14.2M (revenue -9.8% year-over-year).
- 2021: Revenue of $5.7M, expenses of $4.9M, and assets of $12.2M (revenue +39.9% year-over-year).
- 2020: Revenue of $4.0M, expenses of $4.2M, and assets of $11.5M (revenue -14.2% year-over-year).
- 2019: Revenue of $4.7M, expenses of $2.8M, and assets of $11.7M (revenue +106.3% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.5M, and assets of $9.8M (revenue -21.2% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.2M, and assets of $9.7M (revenue -6.2% year-over-year).
- 2016: Revenue of $3.1M, expenses of $1.8M, and assets of $9.1M (revenue +21.3% year-over-year).
- 2015: Revenue of $2.5M, expenses of $1.5M, and assets of $7.4M (revenue +45.0% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.3M, and assets of $6.3M (revenue +97.3% year-over-year).
- 2013: Revenue of $890K, expenses of $1.0M, and assets of $5.4M (revenue +7.1% year-over-year).
- 2012: Revenue of $831K, expenses of $902K, and assets of $5.3M (revenue +19.9% year-over-year).
- 2011: Revenue of $693K, expenses of $759K, and assets of $5.2M (revenue +22.1% year-over-year).
- 2010: Revenue of $568K, expenses of $582K, and assets of $5.1M.
Data Sources and Methodology
This transparency report for Wolfes Neck Farm Foundation Inc 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.