Is Board Of Trustees Of Essex County College Legit?
Quick charity verification for Board Of Trustees Of Essex County College (EIN: 221821292)
Verdict: Board Of Trustees Of Essex County College appears trustworthy
85/100Mission Score
$103.9MRevenue
$229.5MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistently high program spending, with 80% of expenses dedicated to programs.
Strong asset base, growing from $157,677,069 in 2019 to $211,442,697 in 2022.
Positive net assets, indicating financial stability and sustainability.
Consistent revenue generation, with a notable increase in 2022 to $132,950,888.
Spending Breakdown
How Board Of Trustees Of Essex County College 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 Board Of Trustees Of Essex County College
Is Board Of Trustees Of Essex County College a legitimate charity?
Based on AI analysis of IRS 990 filings, Board Of Trustees Of Essex County College (EIN: 221821292) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Board Of Trustees Of Essex County College a good charity to donate to?
Board Of Trustees Of Essex County College has a Mission Score of 85/100. Revenue: $103.9M. Assets: $229.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Board Of Trustees Of Essex County College?
The Employer Identification Number (EIN) for Board Of Trustees Of Essex County College is 221821292. 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 Board Of Trustees Of Essex County College spend its money?
Board Of Trustees Of Essex County College allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Board Of Trustees Of Essex County College's tax-exempt status?
You can verify Board Of Trustees Of Essex County College's tax-exempt status using EIN 221821292 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
Board Of Trustees Of Essex County College is a education nonprofit based in Newark, New Jersey, with reported revenue of $103.9M and assets of $229.5M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. - Financial statements are publicly available through IRS filings, showing consistent reporting over several years.
- Detailed breakdowns of revenue and expenses are provided, allowing for analysis of operational efficiency.
- The organization consistently reports 0% compensation to independent contractors, indicating direct employment or other arrangements. Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0%, suggesting it's either not reported in this specific format or is included within broader expense categories. Revenue has grown +14% across 6 filing periods.