Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2005.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
58 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
1 person listed on the 990; $57K paid to officers and key staff.
Camden National Wealth Management’s $63K as Trustee is at the 52nd percentile of top reported officer pay among 1044 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Camden National Wealth Management | $62,694 | $58,379 | $62,445 | $57,200 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Reduces residents' tax burden in Jonesboro.
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Solely for the purpose of benefiting the inhabitants of the town of jonesboro by reducing the tax burden of the townspeople through direct distributions to the town of jonesboro.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $653K | $204K |
| InvestmentsLn 11–13 | $3.8M | $4.5M |
| Land, buildings, equipmentLn 10c | $78K | $78K |
| Total assetsLn 16 | $4.5M | $4.8M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $4.5M | $4.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $96K | $96K | ||
| Pay of current officers, directors and key staffLn 5 | $57K | $57K | ||
| InsuranceLn 23 | $866 | $866 | ||
| Other expenses (24a–d)Ln 24 | $8K | $8K | ||
| All other expensesLn 24e | $3K | $3K | ||
| Total functional expensesLn 25 | $165K | $96K | $69K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $488K | $266K | $223K | $5.3M | 990 PDF |
| FY2024 | $451K | $229K | $221K | $5.1M | 990 PDF |
| FY2023 | $222K | $204K | $17K | $4.8M | 990 PDF |
| FY2022 | $278K | $218K | $60K | $4.8M | 990 PDF |
| FY2021 Viewing | $441K | $165K | $275K | $4.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $440,768 across 3 lines filed
Part IX · Statement of functional expenses $165,386 across 5 lines filed
Part X · Balance sheet $4,771,219 assets, 8 lines filed
Part XI · Reconciliation of net assets $4,771,219 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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