Maine 200

Nonprofit profile at a glance

EIN
831535865
IRS 990-EZ coverage
2022–2023
Forms available
Form 990 2021, Form 990-EZ 2023, Form 990-N 2018
Location
Augusta, ME, USA
Phone
2074412713
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$3
Expenses
$495,475
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • Sen Bill Diamond (Chairman)
  • David Cheever (Vice Chairman)
  • Peter Merrill (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Maine 200 exists to work in conjunction with the Maine Bicentennial Commission to plan, administer, and coordinate programs and projects that commemorate Maine's 200th anniversary of statehood with three major goals: (1) to explore Maine's history from the many perspectives of its multiple past and current populations; (2) to celebrate Maine's present people, places, institutions and economy; and (3) to envision the public and private actions that will enhance Maine's future prosperity.

What it reported doing in 2023

During its final tax year, Maine 200 concluded its time capsule and historic preservation projects with the Friends of the Maine State Library. Upon settlement of this final program and its outstanding administrative obligations, Maine 200 donated all remaining net cash assets to the University of Maine System, a public land-grant university operated under the State of Maine (final pieces of inventory were also donated to various shelters and family programs throughout Maine, though such gifts were nominal in value). In this final act, Maine 200 continued to further and fund education within the State of Maine through its ultimate termination.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 82
  • Sustainability: 2
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.1%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -16,515,733.3%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0.2%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 182.2% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -84% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -28.1% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $466K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.