Amib Endowment Fund Inc
Amib Endowment Fund Inc: Consistent Revenue, Growing Assets, and Low Overhead
EIN: 222677311 · Brick, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $778K |
| Total Expenses | $204K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $7.2M |
| Transparency Score | 75/100 |
Is Amib Endowment Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amib Endowment Fund Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Amib Endowment Fund Inc
Amib Endowment Fund Inc (EIN: 222677311) is a nonprofit organization based in Brick, NJ. The organization reported total revenue of $778K and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amib Endowment Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amib Endowment Fund Inc is a small nonprofit that has been operating for 69 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $381K |
| Total Expenses | $204K |
| Surplus / Deficit | +$177K |
| Total Assets | $7.4M |
| Total Liabilities | $202K |
| Net Assets | $7.2M |
| Operating Margin | 46.5% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 434.5 months |
Financial Health Grade: A
In 2023, Amib Endowment Fund Inc reported a surplus of $177K with revenue exceeding expenses, holds 434.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Amib Endowment Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.4% | +0.5% | +9.6% |
| 2022 | -10.3% | +1.7% | -13.0% |
| 2021 | +26.7% | +12.0% | +16.1% |
| 2020 | -2.9% | -2.7% | +6.1% |
| 2019 | -20.9% | -2.3% | +19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1957 |
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 Amib Endowment Fund Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Amib Endowment Fund Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $177K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, which is unusual for an organization with growing assets and consistent revenue, potentially indicating volunteer leadership or a lack of transparency regarding compensation.
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 Amib Endowment Fund Inc's IRS 990 filings:
- Consistent reporting of 0% compensation for all officers, directors, trustees, and key employees across multiple years raises questions about how leadership is compensated or if this information is fully disclosed.
- The nature of 'Amib Endowment Fund Inc' and its specific programs are not detailed in the provided data, making it difficult to assess program effectiveness.
Strengths
The following positive indicators were identified for Amib Endowment Fund Inc:
- Demonstrates consistent revenue generation over several years, indicating financial stability.
- Assets have shown significant and steady growth, from $5,274,865 in 2018 to $8,305,382 in 2023, suggesting effective asset management.
- Expenses are consistently lower than revenue, indicating sound financial management and a surplus for reinvestment or programs.
Frequently Asked Questions about Amib Endowment Fund Inc
Is Amib Endowment Fund Inc a legitimate charity?
Amib Endowment Fund Inc (EIN: 222677311) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $778K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Amib Endowment Fund Inc spend its money?
Amib Endowment Fund Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Amib Endowment Fund Inc tax-deductible?
Amib Endowment Fund Inc is registered as a tax-exempt nonprofit (EIN: 222677311). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Amib Endowment Fund Inc CEO make?
Amib Endowment Fund Inc's highest-compensated officer earns $0 annually. The organization reported $778K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Amib Endowment Fund Inc's spending goes to programs?
Amib Endowment Fund Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Amib Endowment Fund Inc located?
Amib Endowment Fund Inc is headquartered in Brick, New Jersey and files with the IRS under EIN 222677311.
How many years of IRS 990 filings does Amib Endowment Fund Inc have?
Amib Endowment Fund 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 $778K in total revenue.
What does Amib Endowment Fund Inc do?
Amib Endowment Fund Inc is a nonprofit organization in the Unknown sector, located in Brick, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Amib Endowment Fund Inc have?
Amib Endowment Fund Inc reported total revenue of $777,651. Based on 13 IRS 990 filings on record.
What are Amib Endowment Fund Inc's total assets?
Amib Endowment Fund Inc holds total assets of $8,305,382 as reported in IRS 990 filings.
Where is Amib Endowment Fund Inc located?
Amib Endowment Fund Inc is based in Brick, New Jersey.
What is Amib Endowment Fund Inc's EIN?
Amib Endowment Fund Inc's Employer Identification Number (EIN) is 222677311. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Amib Endowment Fund Inc?
Amib Endowment Fund Inc is classified under NTEE code Unknown (Unknown).
Is Amib Endowment Fund Inc a registered 501(c)(3)?
Amib Endowment Fund Inc appears in IRS records (EIN: 222677311). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Amib Endowment Fund Inc file IRS Form 990?
Yes, Amib Endowment Fund Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Amib Endowment Fund Inc's revenue in 2023?
In the 202312 filing period, Amib Endowment Fund Inc reported total revenue of $380,776, total expenses of $203,679, and net assets of $7,374,931.
Is Amib Endowment Fund Inc's revenue growing or declining?
Amib Endowment Fund Inc's revenue is growing. Revenue went from $298,876 (202212) to $380,776 (202312), a +27.4% change. Based on 13 filings on record.
What is Amib Endowment Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Amib Endowment Fund Inc covers tax period 202312. It shows revenue of $380,776, expenses of $203,679, total assets of $7,374,931, and liabilities of $201,645.
How much does Amib Endowment Fund Inc spend on programs vs administration?
Based on IRS 990 analysis, Amib Endowment Fund Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Amib Endowment Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Amib Endowment Fund Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Amib Endowment Fund Inc?
The following concerns were identified: Consistent reporting of 0% compensation for all officers, directors, trustees, and key employees across multiple years raises questions about how leadership is compensated or if this information is fully disclosed.. The nature of 'Amib Endowment Fund Inc' and its specific programs are not detailed in the provided data, making it difficult to assess program effectiveness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Amib Endowment Fund Inc's strengths?
Positive indicators for Amib Endowment Fund Inc include: Demonstrates consistent revenue generation over several years, indicating financial stability.. Assets have shown significant and steady growth, from $5,274,865 in 2018 to $8,305,382 in 2023, suggesting effective asset management.. Expenses are consistently lower than revenue, indicating sound financial management and a surplus for reinvestment or programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Amib Endowment Fund Inc compensate executives?
Executive compensation is consistently reported as $0 across all available filings, which is unusual for an organization with growing assets and consistent revenue, potentially indicating volunteer leadership or a lack of transparency regarding compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, what is the operational model for leadership and how are key personnel incentivized or supported?
The consistent $0 compensation suggests a volunteer-led organization or that compensation is provided through non-traditional means not captured in standard filings, which warrants further investigation into their operational structure and leadership commitment.
With growing assets and consistent revenue, how does Amib Endowment Fund Inc deploy its resources to achieve its mission, particularly given the lack of detailed program information?
Without specific program details, it's challenging to assess the impact of their financial growth. The organization should provide more transparency on how its increasing assets are utilized to fulfill its stated purpose, beyond general endowment management.
Filing History
IRS 990 filing history for Amib Endowment Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Amib Endowment Fund Inc's revenue has grown by 210.9%, moving from $122K to $381K. Total assets increased by 79.9% over the same period, from $4.1M to $7.4M. Total functional expenses rose by 597.3%, from $29K to $204K. In its most recent filing year (2023), Amib Endowment Fund Inc reported a surplus of $177K, with revenue exceeding expenses. The organization holds $202K in liabilities against $7.4M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $381K | $204K | $7.4M | $202K | — | — |
| 2022 | $299K | $203K | $6.7M | $204K | — | View 990 |
| 2021 | $333K | $199K | $7.7M | $191K | — | View 990 |
| 2020 | $263K | $178K | $6.7M | $168K | — | View 990 |
| 2019 | $271K | $183K | $6.3M | $168K | — | View 990 |
| 2018 | $342K | $187K | $5.3M | $171K | — | View 990 |
| 2017 | $403K | $181K | $5.8M | $172K | — | View 990 |
| 2016 | $238K | $178K | $5.1M | $170K | — | View 990 |
| 2015 | $253K | $175K | $4.7M | $155K | — | View 990 |
| 2014 | $296K | $181K | $4.9M | $147K | — | View 990 |
| 2013 | $306K | $168K | $4.7M | $13K | — | View 990 |
| 2012 | $165K | $162K | $4.3M | $12K | — | View 990 |
| 2011 | $122K | $29K | $4.1M | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $381K, expenses of $204K, and assets of $7.4M (revenue +27.4% year-over-year).
- 2022: Revenue of $299K, expenses of $203K, and assets of $6.7M (revenue -10.3% year-over-year).
- 2021: Revenue of $333K, expenses of $199K, and assets of $7.7M (revenue +26.7% year-over-year).
- 2020: Revenue of $263K, expenses of $178K, and assets of $6.7M (revenue -2.9% year-over-year).
- 2019: Revenue of $271K, expenses of $183K, and assets of $6.3M (revenue -20.9% year-over-year).
- 2018: Revenue of $342K, expenses of $187K, and assets of $5.3M (revenue -15.0% year-over-year).
- 2017: Revenue of $403K, expenses of $181K, and assets of $5.8M (revenue +69.4% year-over-year).
- 2016: Revenue of $238K, expenses of $178K, and assets of $5.1M (revenue -5.8% year-over-year).
- 2015: Revenue of $253K, expenses of $175K, and assets of $4.7M (revenue -14.7% year-over-year).
- 2014: Revenue of $296K, expenses of $181K, and assets of $4.9M (revenue -3.2% year-over-year).
- 2013: Revenue of $306K, expenses of $168K, and assets of $4.7M (revenue +85.9% year-over-year).
- 2012: Revenue of $165K, expenses of $162K, and assets of $4.3M (revenue +34.3% year-over-year).
- 2011: Revenue of $122K, expenses of $29K, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amib Endowment Fund Inc:
Data Sources and Methodology
This transparency report for Amib Endowment Fund 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.