Bergen Community College Foundation
Bergen Community College Foundation: Steady Growth, Strong Financials
EIN: 222351891 · Paramus, NJ · NTEE: B41I · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $894K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $11.8M |
| Transparency Score | 85/100 |
Is Bergen Community College Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bergen Community College Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bergen Community College Foundation
Bergen Community College Foundation (EIN: 222351891) is a nonprofit organization based in Paramus, NJ, classified under NTEE code B41I. The organization reported total revenue of $1.2M and total assets of $13.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bergen Community College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bergen Community College Foundation is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $894K |
| Surplus / Deficit | +$147K |
| Total Assets | $12.0M |
| Total Liabilities | $164K |
| Net Assets | $11.8M |
| Operating Margin | 14.1% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 160.9 months |
Financial Health Grade: A
In 2023, Bergen Community College Foundation reported a surplus of $147K with revenue exceeding expenses, holds 160.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bergen Community College Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.9% | -19.3% | +6.7% |
| 2022 | +37.3% | +37.3% | -14.7% |
| 2021 | +11.6% | -6.9% | +22.6% |
| 2020 | -19.4% | +4.1% | +2.6% |
| 2019 | +27.3% | +5.0% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
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 Bergen Community College Foundation 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Bergen Community College Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $147K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led board and management structure, which is highly efficient for a foundation of this size.
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 Bergen Community College Foundation:
- Consistent asset growth, reaching $13,289,879 in 2023.
- Healthy revenue streams, with over $1 million in revenue in 2023.
- Efficient operations with $0 reported executive compensation.
- Strong liquidity with low liabilities relative to assets.
Frequently Asked Questions about Bergen Community College Foundation
Is Bergen Community College Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bergen Community College Foundation (EIN: 222351891) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Bergen Community College Foundation spend its money?
Bergen Community College Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bergen Community College Foundation tax-deductible?
Bergen Community College Foundation is registered as a tax-exempt nonprofit (EIN: 222351891). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bergen Community College Foundation CEO make?
Bergen Community College Foundation's highest-compensated officer earns $0 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bergen Community College Foundation's spending goes to programs?
Bergen Community College Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bergen Community College Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bergen Community College Foundation is above average for NTEE category B41I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bergen Community College Foundation located?
Bergen Community College Foundation is headquartered in Paramus, New Jersey and files with the IRS under EIN 222351891. It is classified under NTEE code B41I.
How many years of IRS 990 filings does Bergen Community College Foundation have?
Bergen Community College Foundation 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 $1.2M in total revenue.
What does Bergen Community College Foundation do?
Bergen Community College Foundation is a nonprofit organization in the Education sector, located in Paramus, New Jersey. It is classified under NTEE code B41I.
How much revenue does Bergen Community College Foundation have?
Bergen Community College Foundation reported total revenue of $1,203,630. Based on 13 IRS 990 filings on record.
What are Bergen Community College Foundation's total assets?
Bergen Community College Foundation holds total assets of $13,289,879 as reported in IRS 990 filings.
Where is Bergen Community College Foundation located?
Bergen Community College Foundation is based in Paramus, New Jersey.
What is Bergen Community College Foundation's EIN?
Bergen Community College Foundation's Employer Identification Number (EIN) is 222351891. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bergen Community College Foundation?
Bergen Community College Foundation is classified under NTEE code B41I (Education).
Is Bergen Community College Foundation a registered 501(c)(3)?
Yes, Bergen Community College Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222351891.
Does Bergen Community College Foundation file IRS Form 990?
Yes, Bergen Community College Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Bergen Community College Foundation's revenue in 2023?
In the 202306 filing period, Bergen Community College Foundation reported total revenue of $1,040,591, total expenses of $893,547, and net assets of $11,981,160.
Is Bergen Community College Foundation's revenue growing or declining?
Bergen Community College Foundation's revenue is declining. Revenue went from $1,462,845 (202206) to $1,040,591 (202306), a -28.9% change. Based on 13 filings on record.
What is Bergen Community College Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Bergen Community College Foundation covers tax period 202306. It shows revenue of $1,040,591, expenses of $893,547, total assets of $11,981,160, and liabilities of $163,635.
How much does Bergen Community College Foundation spend on programs vs administration?
Based on IRS 990 analysis, Bergen Community College Foundation allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Bergen Community College Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Bergen Community College Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Bergen Community College Foundation's strengths?
Positive indicators for Bergen Community College Foundation include: Consistent asset growth, reaching $13,289,879 in 2023.. Healthy revenue streams, with over $1 million in revenue in 2023.. Efficient operations with $0 reported executive compensation.. Strong liquidity with low liabilities relative to assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Bergen Community College Foundation compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led board and management structure, which is highly efficient for a foundation of this size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Bergen Community College Foundation?
• Financial statements are consistently available through IRS Form 990 filings. • The organization reports 0% compensation to officers, directors, trustees, and key employees, indicating volunteer leadership. • Detailed revenue and expense breakdowns are provided, allowing for clear financial analysis. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the foundation manage to operate with $0 in executive compensation, and what implications does this have for its long-term sustainability?
The foundation's consistent reporting of $0 for executive compensation suggests a reliance on volunteer leadership or administrative support provided by Bergen Community College itself. While this maximizes funds for programs, it could pose a risk if the volunteer base diminishes or if the complexity of operations increases without dedicated paid staff.
Given the consistent asset growth, what strategies does the foundation employ to ensure these assets are effectively utilized to support the college's mission?
With assets growing from $9,428,967 in 2016 to $13,289,879 in 2023, the foundation likely employs a robust investment strategy. The effective utilization of these assets would typically involve a clear grant-making process to fund scholarships, academic programs, and capital improvements for Bergen Community College, though specific details on grant distribution are not provided in the summary data.
Filing History
IRS 990 filing history for Bergen Community College Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bergen Community College Foundation's revenue has grown by 8.6%, moving from $958K to $1.0M. Total assets increased by 30.5% over the same period, from $9.2M to $12.0M. Total functional expenses rose by 15.6%, from $773K to $894K. In its most recent filing year (2023), Bergen Community College Foundation reported a surplus of $147K, with revenue exceeding expenses. The organization holds $164K in liabilities against $12.0M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $11.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $894K | $12.0M | $164K | — | — |
| 2022 | $1.5M | $1.1M | $11.2M | $242K | — | View 990 |
| 2021 | $1.1M | $806K | $13.2M | $216K | — | — |
| 2020 | $955K | $866K | $10.7M | $169K | — | View 990 |
| 2019 | $1.2M | $832K | $10.5M | $228K | — | View 990 |
| 2018 | $931K | $792K | $10.0M | $183K | — | View 990 |
| 2017 | $860K | $804K | $9.6M | $164K | — | — |
| 2016 | $823K | $923K | $9.4M | $289K | — | View 990 |
| 2015 | $936K | $1.0M | $9.7M | $432K | — | View 990 |
| 2014 | $1.2M | $1.1M | $10.0M | $330K | — | View 990 |
| 2013 | $680K | $773K | $9.1M | $386K | — | View 990 |
| 2012 | $1.0M | $1.4M | $8.8M | $286K | — | View 990 |
| 2011 | $958K | $773K | $9.2M | $185K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $894K, and assets of $12.0M (revenue -28.9% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.1M, and assets of $11.2M (revenue +37.3% year-over-year).
- 2021: Revenue of $1.1M, expenses of $806K, and assets of $13.2M (revenue +11.6% year-over-year).
- 2020: Revenue of $955K, expenses of $866K, and assets of $10.7M (revenue -19.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $832K, and assets of $10.5M (revenue +27.3% year-over-year).
- 2018: Revenue of $931K, expenses of $792K, and assets of $10.0M (revenue +8.2% year-over-year).
- 2017: Revenue of $860K, expenses of $804K, and assets of $9.6M (revenue +4.5% year-over-year).
- 2016: Revenue of $823K, expenses of $923K, and assets of $9.4M (revenue -12.1% year-over-year).
- 2015: Revenue of $936K, expenses of $1.0M, and assets of $9.7M (revenue -20.2% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $10.0M (revenue +72.6% year-over-year).
- 2013: Revenue of $680K, expenses of $773K, and assets of $9.1M (revenue -34.1% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.4M, and assets of $8.8M (revenue +7.7% year-over-year).
- 2011: Revenue of $958K, expenses of $773K, and assets of $9.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bergen Community College Foundation:
Data Sources and Methodology
This transparency report for Bergen Community College 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.