Is Thomas Edison State University Foundation Inc Legit?
Quick charity verification for Thomas Edison State University Foundation Inc (EIN: 222117814)
Verdict: Thomas Edison State University Foundation Inc appears trustworthy
75/100Mission Score
$2.5MRevenue
$14.1MAssets
2Red Flags
3Strengths
Red Flags
Revenue has shown significant year-over-year fluctuations, from $341,230 in 2022 to $2,483,692 in 2023, indicating potential reliance on large, infrequent donations.
The Form 990s do not provide a detailed breakdown of program expenses beyond broad categories, making it difficult to assess specific program impact.
Strengths
Consistent growth in total assets, from $9,883,737 in 2016 to $14,061,512 in 2023, demonstrating strong financial stewardship.
Low liability-to-asset ratio, indicating financial stability and minimal debt.
The foundation consistently reports $0 in compensation for key personnel, suggesting efficient use of funds for its mission.
Spending Breakdown
How Thomas Edison State University Foundation 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 Thomas Edison State University Foundation Inc
Is Thomas Edison State University Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas Edison State University Foundation Inc (EIN: 222117814) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Thomas Edison State University Foundation Inc a good charity to donate to?
Thomas Edison State University Foundation Inc has a Mission Score of 75/100. Revenue: $2.5M. Assets: $14.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thomas Edison State University Foundation Inc?
The Employer Identification Number (EIN) for Thomas Edison State University Foundation Inc is 222117814. 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 Thomas Edison State University Foundation Inc spend its money?
Thomas Edison State University Foundation Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thomas Edison State University Foundation Inc's tax-exempt status?
You can verify Thomas Edison State University Foundation Inc's tax-exempt status using EIN 222117814 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
Thomas Edison State University Foundation Inc is a education nonprofit based in Trenton, New Jersey, with reported revenue of $2.5M and assets of $14.1M. 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. • Financial statements are publicly available through IRS Form 990 filings.
• The organization consistently reports 0% compensation paid to officers, directors, trustees, and key employees from unrelated organizations.
• Detailed program service accomplishments are outlined in Form 990, but specific impact metrics are not readily available. The foundation consistently reports $0 in compensation for officers, directors, trustees, and key employees, suggesting these roles are filled by volunteers or compensated by the university directly, which is not detailed in the foundation's filings. Revenue has grown +44% across 13 filing periods.