Zenie Foundation
Zenie Foundation: Strong Asset Growth, Inconsistent Revenue, and Limited Transparency
EIN: 222500224 · Portland, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $447K |
| Program Spending | 80% |
| Net Assets | $4.3M |
| Transparency Score | 75/100 |
Is Zenie Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Zenie Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Zenie Foundation
Zenie Foundation (EIN: 222500224) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $1.1M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Zenie Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Zenie Foundation is a mid-size nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $447K |
| Surplus / Deficit | $-339,378 |
| Total Assets | $4.3M |
| Total Liabilities | $3K |
| Net Assets | $4.3M |
| Operating Margin | -315.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 114.7 months |
Financial Health Grade: B
In 2023, Zenie Foundation reported a deficit of $339K with expenses exceeding revenue, holds 114.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Zenie Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -86.1% | +27.5% | +6.8% |
| 2022 | +467.0% | +0.5% | -21.2% |
| 2021 | -89.2% | +21.1% | +15.5% |
| 2020 | +79.1% | -3.1% | +35.5% |
| 2019 | +25.7% | +74.8% | +31.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Zenie Foundation with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Zenie Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $339K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation information is not disclosed in the provided financial data, preventing a comprehensive assessment of its reasonableness relative to the organization's size and mission.
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 Zenie Foundation's IRS 990 filings:
- Inconsistent revenue streams over the past five years, with significant fluctuations (e.g., $1,269,682 in 2020 vs. $136,764 in 2021).
- Lack of detailed program expense reporting makes it challenging to verify direct mission impact.
- Limited public transparency regarding specific program activities and outcomes.
Strengths
The following positive indicators were identified for Zenie Foundation:
- Consistent growth in assets, reaching $4,499,326 by 2023, indicating strong financial management and investment.
- Low liabilities (e.g., $2,679 in 2023) suggest sound financial health and minimal debt.
- Zero lobbying expenses reported across all available years, indicating a focus on direct mission rather than political influence.
Frequently Asked Questions about Zenie Foundation
Is Zenie Foundation a legitimate charity?
Zenie Foundation (EIN: 222500224) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Zenie Foundation spend its money?
Zenie Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Zenie Foundation tax-deductible?
Zenie Foundation is registered as a tax-exempt nonprofit (EIN: 222500224). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Zenie Foundation's spending goes to programs?
Zenie Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Zenie Foundation located?
Zenie Foundation is headquartered in Portland, Maine and files with the IRS under EIN 222500224.
How many years of IRS 990 filings does Zenie Foundation have?
Zenie 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 $1.1M in total revenue.
What does Zenie Foundation do?
Zenie Foundation is a nonprofit organization in the Unknown sector, located in Portland, Maine. It is classified under NTEE code Unknown.
How much revenue does Zenie Foundation have?
Zenie Foundation reported total revenue of $1,099,638. Based on 10 IRS 990 filings on record.
What are Zenie Foundation's total assets?
Zenie Foundation holds total assets of $4,499,326 as reported in IRS 990 filings.
Where is Zenie Foundation located?
Zenie Foundation is based in Portland, Maine.
What is Zenie Foundation's EIN?
Zenie Foundation's Employer Identification Number (EIN) is 222500224. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Zenie Foundation?
Zenie Foundation is classified under NTEE code Unknown (Unknown).
Is Zenie Foundation a registered 501(c)(3)?
Zenie Foundation appears in IRS records (EIN: 222500224). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Zenie Foundation file IRS Form 990?
Yes, Zenie Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Zenie Foundation's revenue in 2023?
In the 202312 filing period, Zenie Foundation reported total revenue of $107,549, total expenses of $446,927, and net assets of $4,272,857.
Is Zenie Foundation's revenue growing or declining?
Zenie Foundation's revenue is declining. Revenue went from $775,498 (202212) to $107,549 (202312), a -86.1% change. Based on 10 filings on record.
What is Zenie Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Zenie Foundation covers tax period 202312. It shows revenue of $107,549, expenses of $446,927, total assets of $4,272,857, and liabilities of $2,679.
How much does Zenie Foundation spend on programs vs administration?
Based on IRS 990 analysis, Zenie Foundation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Zenie Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Zenie Foundation appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Zenie Foundation?
The following concerns were identified: Inconsistent revenue streams over the past five years, with significant fluctuations (e.g., $1,269,682 in 2020 vs. $136,764 in 2021).. Lack of detailed program expense reporting makes it challenging to verify direct mission impact.. Limited public transparency regarding specific program activities and outcomes.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Zenie Foundation's strengths?
Positive indicators for Zenie Foundation include: Consistent growth in assets, reaching $4,499,326 by 2023, indicating strong financial management and investment.. Low liabilities (e.g., $2,679 in 2023) suggest sound financial health and minimal debt.. Zero lobbying expenses reported across all available years, indicating a focus on direct mission rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Zenie Foundation compensate executives?
Executive compensation information is not disclosed in the provided financial data, preventing a comprehensive assessment of its reasonableness relative to the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant asset growth from $1,716,609 in 2013 to $4,499,326 in 2023, what is the foundation's long-term strategy for leveraging these assets to achieve its mission, especially in light of fluctuating annual revenues?
The consistent asset growth suggests a robust investment strategy. However, without more detailed information on how these assets are being deployed or a clear explanation for the revenue volatility, it's difficult to ascertain the specific long-term strategy for mission fulfillment. The foundation may be building an endowment to ensure sustained giving, but this isn't explicitly stated.
The provided data shows 'c0%' for all years. What does this 'c' metric represent, and how does its consistent zero value impact the overall financial assessment of the Zenie Foundation?
Assuming 'c' refers to 'compensation' or 'consulting' expenses, a consistent 0% would imply either no such expenses or that they are categorized under other line items. If it truly means no compensation, it would be highly unusual for an organization of this size and asset base, suggesting a potential lack of transparency or an unusual operational model (e.g., entirely volunteer-run with no paid staff, which is unlikely for a foundation managing millions in assets).
Filing History
IRS 990 filing history for Zenie Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Zenie Foundation's revenue has grown by 587.3%, moving from $16K to $108K. Total assets increased by 226.5% over the same period, from $1.3M to $4.3M. Total functional expenses rose by 777.9%, from $51K to $447K. In its most recent filing year (2023), Zenie Foundation reported a deficit of $339K, with expenses exceeding revenue. The organization holds $3K in liabilities against $4.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108K | $447K | $4.3M | $3K | — | View 990 |
| 2022 | $775K | $351K | $4.0M | $2K | — | View 990 |
| 2021 | $137K | $349K | $5.1M | $2K | — | View 990 |
| 2020 | $1.3M | $288K | $4.4M | $260 | — | — |
| 2019 | $709K | $297K | $3.2M | $0 | — | View 990 |
| 2015 | $564K | $170K | $2.5M | $1 | — | View 990 |
| 2014 | $549K | $133K | $2.1M | $1 | — | View 990 |
| 2013 | $256K | $79K | $1.7M | $1 | — | View 990 |
| 2012 | $304K | $75K | $1.5M | $1 | — | View 990 |
| 2011 | $16K | $51K | $1.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108K, expenses of $447K, and assets of $4.3M (revenue -86.1% year-over-year).
- 2022: Revenue of $775K, expenses of $351K, and assets of $4.0M (revenue +467.0% year-over-year).
- 2021: Revenue of $137K, expenses of $349K, and assets of $5.1M (revenue -89.2% year-over-year).
- 2020: Revenue of $1.3M, expenses of $288K, and assets of $4.4M (revenue +79.1% year-over-year).
- 2019: Revenue of $709K, expenses of $297K, and assets of $3.2M (revenue +25.7% year-over-year).
- 2015: Revenue of $564K, expenses of $170K, and assets of $2.5M (revenue +2.6% year-over-year).
- 2014: Revenue of $549K, expenses of $133K, and assets of $2.1M (revenue +114.6% year-over-year).
- 2013: Revenue of $256K, expenses of $79K, and assets of $1.7M (revenue -15.8% year-over-year).
- 2012: Revenue of $304K, expenses of $75K, and assets of $1.5M (revenue +1842.5% year-over-year).
- 2011: Revenue of $16K, expenses of $51K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Zenie Foundation:
Data Sources and Methodology
This transparency report for Zenie 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.