Friends of L C Bates Museum
Only null% goes to programs Strong reserves Growing revenue
Friends of L C Bates Museum is a 501(c)(3) organization based in Waterville, Maine, registered in 2009, with $121,207 in FY2023 revenue. CharityIndex grades it C.
33 College Ave 1692, Waterville, ME, 04901 EIN 27-0923210 Since 2009
Revenue (FY2023)
$121K
▼ 6.9% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$151K
Net assets
$125K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Friends of L C Bates Museum— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating10 mo reserves · -25% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Friends of L C Bates Museum: 10 mo reserves · -25% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Friends of L C Bates Museum— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Friends of L C Bates Museum: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 33 College Ave 1692, Waterville, ME, 04901
- City
- Waterville
- State
- Maine
- Category
- Arts, Culture & Humanities
- Subcategory
- Support Foundations & Fundraising
Financial trends
Revenue grew from $25K (FY2013) to $121K (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Operating margin
-24.8%
Spent more than it raised in the latest fiscal year.
Total assets
$125K
Net assets
$125K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $121,207▼6.9% | $151,299▲134% | $124,535▼19.5% | $124,535▼19.5% | 990EZ |
| 2022 | $130,256▲510% | $64,782▲268% | $154,627▲388% | $154,627▲388% | 990EZ |
| 2018 | $21,358▼75.0% | $17,610▼78.1% | $31,661▲13.4% | $31,661▲13.4% | 990EZ |
| 2017 | $85,357▲57.0% | $80,478▲43.9% | $27,913▲10.3% | $27,913▲10.3% | 990EZ |
| 2016 | $54,357▼5.8% | $55,940▼2.3% | $25,302▼5.9% | $25,302▼5.9% | 990EZ |
| 2015 | $57,714▲23.5% | $57,279▲31.5% | $26,885▲1.6% | $26,885▲1.6% | 990EZ |
| 2014 | $46,721▲89.5% | $43,548▲88.6% | $26,450▲13.6% | $26,450▲13.6% | 990EZ |
| 2013 | $24,657 | $23,096 | $23,277 | $23,277 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $42K total
4 grants to Friends of L C Bates Museum totaling $42K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Maine Community Foundation Inc | Historical organizations | 2023 | $6,840 |
| Maine Community Foundation Inc | Historical organizations | 2022 | $8,540 |
| Maine Community Foundation Inc | Historical organizations | 2020 | $15,000 |
| Maine Community Foundation Inc | Museum | 2017 | $11,500 |
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Frequently asked questions
- Is Friends of L C Bates Museum a legitimate nonprofit?
- Yes. Friends of L C Bates Museum is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-0923210, based in Waterville, Maine. Donations are tax-deductible.
- What is Friends of L C Bates Museum's EIN?
- Friends of L C Bates Museum's Employer Identification Number (EIN) is 27-0923210.
- How much revenue does Friends of L C Bates Museum report?
- Friends of L C Bates Museum reported $121,207 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Friends of L C Bates Museum have?
- CharityIndex grades Friends of L C Bates Museum C, based on financial health (reserves and operating margin).
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Explore more
Data for Friends of L C Bates Museum (EIN 27-0923210) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.