Is Bloomfield College Of Montclair State University Inc Legit?
Quick charity verification for Bloomfield College Of Montclair State University Inc (EIN: 221494428)
Verdict: Bloomfield College Of Montclair State University Inc appears trustworthy
75/100Mission Score
$57.2MRevenue
$92.4MAssets
3Red Flags
3Strengths
Red Flags
Lack of specific executive compensation reporting ('c0%') makes it difficult to assess fairness and transparency.
Consistent decline in total assets from $106M in 2018 to $92M in 2023 could indicate long-term financial pressures or asset divestment related to the merger.
Expenses consistently exceed revenue in several years (e.g., 2022: r$53M, x$54M; 2021: r$66M, x$67M), suggesting operational deficits.
Strengths
Successful merger with Montclair State University provides long-term stability and expanded educational opportunities.
Maintained significant revenue streams, with $56,565,962 in 2023, demonstrating continued operational capacity.
Total assets of $92,412,562 in 2023 indicate a substantial resource base.
Spending Breakdown
How Bloomfield College Of Montclair State University Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bloomfield College Of Montclair State University Inc
Is Bloomfield College Of Montclair State University Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bloomfield College Of Montclair State University Inc (EIN: 221494428) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Bloomfield College Of Montclair State University Inc a good charity to donate to?
Bloomfield College Of Montclair State University Inc has a Mission Score of 75/100. Revenue: $57.2M. Assets: $92.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bloomfield College Of Montclair State University Inc?
The Employer Identification Number (EIN) for Bloomfield College Of Montclair State University Inc is 221494428. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bloomfield College Of Montclair State University Inc spend its money?
Bloomfield College Of Montclair State University Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bloomfield College Of Montclair State University Inc's tax-exempt status?
You can verify Bloomfield College Of Montclair State University Inc's tax-exempt status using EIN 221494428 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Bloomfield College Of Montclair State University Inc is a education nonprofit based in Bloomfield, New Jersey, with reported revenue of $57.2M and assets of $92.4M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. Without specific compensation figures, it's challenging to assess executive compensation; however, the 'c0%' reporting suggests it's either minimal or embedded within other operational expenses, requiring further investigation for transparency. Revenue has remained stable +2% across 13 filing periods.