Alfred State College Development Fu Nd Inc
Alfred State College Development Fund Inc. shows consistent asset growth and no reported officer compensation.
EIN: 161453263 · Alfred, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.6M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| Net Assets | $11.3M |
| Transparency Score | 85/100 |
Is Alfred State College Development Fu Nd Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alfred State College Development Fu Nd Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alfred State College Development Fu Nd Inc
Alfred State College Development Fu Nd Inc (EIN: 161453263) is a nonprofit organization based in Alfred, NY. The organization reported total revenue of $9.6M and total assets of $19.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alfred State College Development Fu Nd Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alfred State College Development Fu Nd Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$244K |
| Total Assets | $11.4M |
| Total Liabilities | $25K |
| Net Assets | $11.3M |
| Operating Margin | 9.9% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 61.7 months |
Financial Health Grade: A
In 2023, Alfred State College Development Fu Nd Inc reported a surplus of $244K with revenue exceeding expenses, holds 61.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Alfred State College Development Fu Nd Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.6% | +8.9% | +3.1% |
| 2022 | -28.8% | +85.1% | -7.2% |
| 2021 | +60.5% | -8.4% | +41.0% |
| 2020 | +64.1% | +33.4% | +14.2% |
| 2019 | +13.2% | +17.3% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alfred State College Development Fu Nd Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Alfred State College Development Fu Nd Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $244K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not classified as officer compensation, which is a strong positive for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Alfred State College Development Fu Nd Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data
- NTEE Code is unknown, limiting direct peer comparison
Strengths
The following positive indicators were identified for Alfred State College Development Fu Nd Inc:
- Consistent asset growth over the past decade, from $5.65M in 2014 to $11.35M in 2023
- No reported officer compensation across all filings, indicating low executive overhead
- Revenue consistently exceeds expenses, leading to healthy financial reserves
- Low liabilities relative to assets, demonstrating strong financial solvency
Frequently Asked Questions about Alfred State College Development Fu Nd Inc
Is Alfred State College Development Fu Nd Inc a legitimate charity?
Alfred State College Development Fu Nd Inc (EIN: 161453263) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Alfred State College Development Fu Nd Inc spend its money?
Alfred State College Development Fu Nd Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Alfred State College Development Fu Nd Inc tax-deductible?
Alfred State College Development Fu Nd Inc is registered as a tax-exempt nonprofit (EIN: 161453263). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Alfred State College Development Fu Nd Inc's spending goes to programs?
Alfred State College Development Fu Nd Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Alfred State College Development Fu Nd Inc located?
Alfred State College Development Fu Nd Inc is headquartered in Alfred, New York and files with the IRS under EIN 161453263.
How many years of IRS 990 filings does Alfred State College Development Fu Nd Inc have?
Alfred State College Development Fu Nd Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.6M in total revenue.
What percentage of total expenses is allocated to program services?
Based on the available data, a precise percentage cannot be determined without a detailed functional expense breakdown. However, the consistent surplus of revenue over expenses suggests a strong focus on mission-related activities.
How does the organization manage its liabilities, given the fluctuation?
Liabilities have fluctuated significantly, from $1,059 in 2020 to $24,819 in 2023. While the 2023 figure is higher, it remains a very small fraction of total assets ($11.35 million), indicating strong financial solvency.
What is the primary source of the organization's revenue?
The IRS 990 data provided does not specify the primary source of revenue (e.g., contributions, investment income). Further investigation into the full 990 forms would be needed.
Filing History
IRS 990 filing history for Alfred State College Development Fu Nd Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alfred State College Development Fu Nd Inc's revenue has grown by 214.3%, moving from $780K to $2.5M. Total assets increased by 146.5% over the same period, from $4.6M to $11.4M. Total functional expenses rose by 266.4%, from $603K to $2.2M. In its most recent filing year (2023), Alfred State College Development Fu Nd Inc reported a surplus of $244K, with revenue exceeding expenses. The organization holds $25K in liabilities against $11.4M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $11.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.2M | $11.4M | $25K | — | View 990 |
| 2022 | $2.5M | $2.0M | $11.0M | $194K | — | View 990 |
| 2021 | $3.5M | $1.1M | $11.9M | $56K | — | View 990 |
| 2020 | $2.2M | $1.2M | $8.4M | $1K | — | View 990 |
| 2019 | $1.3M | $897K | $7.4M | $10K | — | View 990 |
| 2018 | $1.2M | $765K | $6.9M | $22K | — | View 990 |
| 2017 | $788K | $836K | $6.4M | $47K | — | View 990 |
| 2016 | $941K | $768K | $6.0M | $52K | — | View 990 |
| 2015 | $1.4M | $709K | $5.9M | $56K | — | View 990 |
| 2014 | $879K | $638K | $5.7M | $1K | — | View 990 |
| 2013 | $884K | $650K | $5.1M | $516 | — | View 990 |
| 2012 | $977K | $783K | $4.8M | $7K | — | View 990 |
| 2011 | $780K | $603K | $4.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.2M, and assets of $11.4M (revenue -1.6% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.0M, and assets of $11.0M (revenue -28.8% year-over-year).
- 2021: Revenue of $3.5M, expenses of $1.1M, and assets of $11.9M (revenue +60.5% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.2M, and assets of $8.4M (revenue +64.1% year-over-year).
- 2019: Revenue of $1.3M, expenses of $897K, and assets of $7.4M (revenue +13.2% year-over-year).
- 2018: Revenue of $1.2M, expenses of $765K, and assets of $6.9M (revenue +49.1% year-over-year).
- 2017: Revenue of $788K, expenses of $836K, and assets of $6.4M (revenue -16.3% year-over-year).
- 2016: Revenue of $941K, expenses of $768K, and assets of $6.0M (revenue -31.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $709K, and assets of $5.9M (revenue +56.8% year-over-year).
- 2014: Revenue of $879K, expenses of $638K, and assets of $5.7M (revenue -0.6% year-over-year).
- 2013: Revenue of $884K, expenses of $650K, and assets of $5.1M (revenue -9.5% year-over-year).
- 2012: Revenue of $977K, expenses of $783K, and assets of $4.8M (revenue +25.2% year-over-year).
- 2011: Revenue of $780K, expenses of $603K, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alfred State College Development Fu Nd Inc:
Data Sources and Methodology
This transparency report for Alfred State College Development Fu Nd Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.