Helen R Coe Trust

Nonprofit profile at a glance

EIN
010351827
IRS 990-PF coverage
2018–2024
Forms available
Form 990-PF 2024
Location
Fryeburg, ME, USA
Phone
2079352061
Rating
87
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$231,752
Expenses
$171,050

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Helen R Coe Trust is a nonprofit. Location: Fryeburg, ME. EIN 010351827. Tax year 2024 Form 990-PF reports $232K revenue and $171K expenses.

What it reported funding in 2024

The foundation reported 24 grants totaling $130,247. The stated grant purposes included funding for local emergency rescue squad radio system, support of youth program costs, and support of local library maintenance, plus 21 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 95% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 92
  • Cost Efficiency: 76
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 49

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 92.4%; rating input score 92; 36th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 76.1%; rating input score 76; 35th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 17.4; rating input score 49; 49th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 92.4% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 49th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 25 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Endowment Health: Endowment-health comparison scored 49/100.
  • Review — Compliance: Part VII-B activity disclosures: Compensation paid to a disqualified person not reported.