Bayonne Economic Opportunity Foundation
Bayonne Economic Opportunity Foundation: Stable Finances, High Program Spending
EIN: 221811616 · Bayonne, NJ · NTEE: P200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $5.3M |
| Program Spending | 89% |
| CEO/Top Officer Pay | $138,625 |
| Net Assets | $1.1M |
| Transparency Score | 75/100 |
Is Bayonne Economic Opportunity Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bayonne Economic Opportunity Foundation directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bayonne Economic Opportunity Foundation
Bayonne Economic Opportunity Foundation (EIN: 221811616) is a nonprofit organization based in Bayonne, NJ, classified under NTEE code P200. The organization reported total revenue of $5.4M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bayonne Economic Opportunity Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bayonne Economic Opportunity Foundation is a mid-size nonprofit that has been operating for 60 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-572,934 |
| Total Assets | $2.5M |
| Total Liabilities | $1.4M |
| Net Assets | $1.1M |
| Operating Margin | -12.2% |
| Debt-to-Asset Ratio | 56.4% |
| Months of Reserves | 5.6 months |
Financial Health Grade: C
In 2024, Bayonne Economic Opportunity Foundation reported a deficit of $573K with expenses exceeding revenue, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 56.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Bayonne Economic Opportunity Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -11.9% | +14.6% | +5.2% |
| 2023 | +21.2% | +12.7% | -2.0% |
| 2022 | +10.2% | +2.0% | +166.1% |
| 2021 | +12.4% | +13.1% | +6.4% |
| 2020 | -1.7% | +1.8% | +10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 Bayonne Economic Opportunity Foundation 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: 5%
- programs: 89%
- fundraising: 6%
According to IRS 990 filings, Bayonne Economic Opportunity Foundation allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $573K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.4%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with the highest reported compensation in 2024 at $138,625 for a key employee, representing approximately 3% of total revenue.
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.
Strengths
The following positive indicators were identified for Bayonne Economic Opportunity Foundation:
- Consistently high percentage of spending on programs (89% in 2024).
- Healthy asset growth, with assets increasing from $896,779 in 2021 to $2,459,835 in 2024.
- Stable revenue streams over the past several years, demonstrating financial resilience.
- Low fundraising costs, indicating efficient resource allocation for revenue generation.
Frequently Asked Questions about Bayonne Economic Opportunity Foundation
Is Bayonne Economic Opportunity Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bayonne Economic Opportunity Foundation (EIN: 221811616) appears legitimate. Mission Score: 75/100. 0 red flags identified, 4 strengths noted.
How does Bayonne Economic Opportunity Foundation spend its money?
Bayonne Economic Opportunity Foundation directs 89% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bayonne Economic Opportunity Foundation tax-deductible?
Bayonne Economic Opportunity Foundation is registered as a tax-exempt nonprofit (EIN: 221811616). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bayonne Economic Opportunity Foundation CEO make?
Bayonne Economic Opportunity Foundation's highest-compensated officer earns $138,625 annually. The organization reported $5.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bayonne Economic Opportunity Foundation's spending goes to programs?
Bayonne Economic Opportunity Foundation directs 89% to programs, 6% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bayonne Economic Opportunity Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bayonne Economic Opportunity Foundation is above average for NTEE category P200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bayonne Economic Opportunity Foundation located?
Bayonne Economic Opportunity Foundation is headquartered in Bayonne, New Jersey and files with the IRS under EIN 221811616. It is classified under NTEE code P200.
How many years of IRS 990 filings does Bayonne Economic Opportunity Foundation have?
Bayonne Economic Opportunity Foundation has 14 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 $5.4M in total revenue.
What does Bayonne Economic Opportunity Foundation do?
Bayonne Economic Opportunity Foundation is a nonprofit organization in the Human Services sector, located in Bayonne, New Jersey. It is classified under NTEE code P200.
How much revenue does Bayonne Economic Opportunity Foundation have?
Bayonne Economic Opportunity Foundation reported total revenue of $5,402,463. Based on 14 IRS 990 filings on record.
What are Bayonne Economic Opportunity Foundation's total assets?
Bayonne Economic Opportunity Foundation holds total assets of $2,483,980 as reported in IRS 990 filings.
Where is Bayonne Economic Opportunity Foundation located?
Bayonne Economic Opportunity Foundation is based in Bayonne, New Jersey.
What is Bayonne Economic Opportunity Foundation's EIN?
Bayonne Economic Opportunity Foundation's Employer Identification Number (EIN) is 221811616. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bayonne Economic Opportunity Foundation?
Bayonne Economic Opportunity Foundation is classified under NTEE code P200 (Human Services).
Is Bayonne Economic Opportunity Foundation a registered 501(c)(3)?
Yes, Bayonne Economic Opportunity Foundation is recognized as a tax-exempt organization by the IRS. EIN: 221811616.
Does Bayonne Economic Opportunity Foundation file IRS Form 990?
Yes, Bayonne Economic Opportunity Foundation has 14 IRS Form 990 filings on record. The most recent covers tax period 202401.
What was Bayonne Economic Opportunity Foundation's revenue in 2024?
In the 202401 filing period, Bayonne Economic Opportunity Foundation reported total revenue of $4,686,583, total expenses of $5,259,517, and net assets of $2,459,835.
Is Bayonne Economic Opportunity Foundation's revenue growing or declining?
Bayonne Economic Opportunity Foundation's revenue is declining. Revenue went from $5,319,829 (202301) to $4,686,583 (202401), a -11.9% change. Based on 14 filings on record.
What is Bayonne Economic Opportunity Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Bayonne Economic Opportunity Foundation covers tax period 202401. It shows revenue of $4,686,583, expenses of $5,259,517, total assets of $2,459,835, and liabilities of $1,386,255.
How much does Bayonne Economic Opportunity Foundation spend on programs vs administration?
Based on IRS 990 analysis, Bayonne Economic Opportunity Foundation allocates approximately 89% of expenses to program services, 5% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Bayonne Economic Opportunity Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Bayonne Economic Opportunity Foundation appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Bayonne Economic Opportunity Foundation's strengths?
Positive indicators for Bayonne Economic Opportunity Foundation include: Consistently high percentage of spending on programs (89% in 2024).. Healthy asset growth, with assets increasing from $896,779 in 2021 to $2,459,835 in 2024.. Stable revenue streams over the past several years, demonstrating financial resilience.. Low fundraising costs, indicating efficient resource allocation for revenue generation.. These findings are derived from AI analysis of the organization's financial filings.
How does Bayonne Economic Opportunity Foundation compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with the highest reported compensation in 2024 at $138,625 for a key employee, representing approximately 3% of total revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to significantly increase its assets from $896,779 in 2021 to $2,459,835 in 2024 despite fluctuating revenues?
The increase in assets appears to be driven by a combination of consistent revenue generation exceeding expenses in most years and potentially strategic investments or accumulation of reserves, as evidenced by the 'net assets or fund balances' increasing significantly over this period.
What specific programs or initiatives contributed to the substantial program spending of 89% in 2024, and how are these programs measured for impact?
While the filings indicate high program spending, the specific details of these programs and their impact metrics are not available within the provided financial data. Further investigation into their annual reports or website would be necessary to understand the nature and effectiveness of their programs.
Filing History
IRS 990 filing history for Bayonne Economic Opportunity Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Bayonne Economic Opportunity Foundation's revenue has grown by 31.6%, moving from $3.6M to $4.7M. Total assets increased by 150% over the same period, from $984K to $2.5M. Total functional expenses rose by 48.9%, from $3.5M to $5.3M. In its most recent filing year (2024), Bayonne Economic Opportunity Foundation reported a deficit of $573K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $2.5M in assets (debt-to-asset ratio: 56.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.7M | $5.3M | $2.5M | $1.4M | — | View 990 |
| 2023 | $5.3M | $4.6M | $2.3M | $691K | — | View 990 |
| 2022 | $4.4M | $4.1M | $2.4M | $1.5M | — | View 990 |
| 2021 | $4.0M | $4.0M | $897K | $299K | — | — |
| 2020 | $3.5M | $3.5M | $843K | $237K | — | View 990 |
| 2019 | $3.6M | $3.5M | $762K | $168K | — | View 990 |
| 2018 | $3.3M | $3.4M | $697K | $236K | — | — |
| 2017 | $3.5M | $3.7M | $711K | $204K | — | View 990 |
| 2016 | $3.6M | $3.6M | $930K | $184K | — | View 990 |
| 2015 | $4.1M | $4.0M | $973K | $272K | — | View 990 |
| 2014 | $3.8M | $3.7M | $1.1M | $430K | — | View 990 |
| 2013 | $4.0M | $4.1M | $834K | $253K | — | View 990 |
| 2012 | $3.4M | $3.3M | $1.3M | $482K | — | View 990 |
| 2011 | $3.6M | $3.5M | $984K | $281K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.7M, expenses of $5.3M, and assets of $2.5M (revenue -11.9% year-over-year).
- 2023: Revenue of $5.3M, expenses of $4.6M, and assets of $2.3M (revenue +21.2% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.1M, and assets of $2.4M (revenue +10.2% year-over-year).
- 2021: Revenue of $4.0M, expenses of $4.0M, and assets of $897K (revenue +12.4% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.5M, and assets of $843K (revenue -1.7% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.5M, and assets of $762K (revenue +8.2% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.4M, and assets of $697K (revenue -4.0% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.7M, and assets of $711K (revenue -3.9% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.6M, and assets of $930K (revenue -11.0% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.0M, and assets of $973K (revenue +7.5% year-over-year).
- 2014: Revenue of $3.8M, expenses of $3.7M, and assets of $1.1M (revenue -5.5% year-over-year).
- 2013: Revenue of $4.0M, expenses of $4.1M, and assets of $834K (revenue +18.9% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.3M, and assets of $1.3M (revenue -5.8% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.5M, and assets of $984K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bayonne Economic Opportunity Foundation:
Data Sources and Methodology
This transparency report for Bayonne Economic Opportunity Foundation 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.