Borgenicht Foundation Inc
Borgenicht Foundation maintains stable assets and low expenses with no reported officer compensation.
EIN: 200051444 · Long Valley, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.1M |
| Total Expenses | $752K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $10.5M |
| Transparency Score | 92/100 |
Is Borgenicht Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Borgenicht Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Borgenicht Foundation Inc
Borgenicht Foundation Inc (EIN: 200051444) is a nonprofit organization based in Long Valley, NJ, classified under NTEE code T22. The organization reported total revenue of $7.1M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Borgenicht Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Borgenicht Foundation Inc is a mid-size nonprofit that has been operating for 23 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $913K |
| Total Expenses | $752K |
| Surplus / Deficit | +$161K |
| Total Assets | $10.5M |
| Total Liabilities | $1 |
| Net Assets | $10.5M |
| Operating Margin | 17.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 167.8 months |
Financial Health Grade: A
In 2023, Borgenicht Foundation Inc reported a surplus of $161K with revenue exceeding expenses, holds 167.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Borgenicht Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +302.8% | -7.1% | +1.6% |
| 2022 | -89.5% | +24.6% | -6.3% |
| 2021 | +560.5% | +11.1% | +14.8% |
| 2016 | -101.8% | -14.4% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Borgenicht Foundation Inc with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Borgenicht Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $161K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led executive team or that compensation is not reported under this category, which is highly favorable for a foundation of its size with assets over $10 million.
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 Borgenicht Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, making future income less predictable for grant planning.
Strengths
The following positive indicators were identified for Borgenicht Foundation Inc:
- Consistent asset base, indicating strong financial reserves ($10,637,892 in latest period).
- Extremely low liabilities (often $1), demonstrating excellent financial health.
- 0% reported officer compensation across all filings, suggesting high efficiency and dedication.
- Stable expense levels despite revenue fluctuations, indicating prudent financial management.
- Clear focus as a grantmaking foundation (NTEE T22), implying direct support to other charitable causes.
Frequently Asked Questions about Borgenicht Foundation Inc
Is Borgenicht Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Borgenicht Foundation Inc (EIN: 200051444) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Borgenicht Foundation Inc spend its money?
Borgenicht Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Borgenicht Foundation Inc tax-deductible?
Borgenicht Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200051444). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Borgenicht Foundation Inc CEO make?
Borgenicht Foundation Inc's highest-compensated officer earns $10 annually. The organization reported $7.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Borgenicht Foundation Inc's spending goes to programs?
Borgenicht Foundation Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Borgenicht Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Borgenicht Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Borgenicht Foundation Inc located?
Borgenicht Foundation Inc is headquartered in Long Valley, New Jersey and files with the IRS under EIN 200051444. It is classified under NTEE code T22.
How many years of IRS 990 filings does Borgenicht Foundation Inc have?
Borgenicht Foundation Inc has 9 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 $7.1M in total revenue.
How does the Borgenicht Foundation manage its significant revenue fluctuations?
The foundation's revenue has varied widely, from -$31,825 in 2016 to $7,084,565 in the latest period. Despite this, expenses have remained relatively stable, suggesting a strategy of maintaining a consistent operational budget regardless of annual income, likely drawing from its substantial asset base ($10,637,892).
What is the primary use of the foundation's funds?
As a Private Grantmaking Foundation (NTEE T22), its primary use of funds would be making grants to other organizations. The consistent expense levels (e.g., $751,968 in 2023) likely represent these grant disbursements and minimal administrative costs.
Is the Borgenicht Foundation financially stable?
Yes, the foundation appears financially stable. It consistently holds over $9 million in assets, with low liabilities (often $1), and manages its expenses within a predictable range, even with fluctuating revenues.
Filing History
IRS 990 filing history for Borgenicht Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Borgenicht Foundation Inc's revenue has declined by 12.9%, moving from $1.0M to $913K. Total assets increased by 139.8% over the same period, from $4.4M to $10.5M. Total functional expenses rose by 33.4%, from $564K to $752K. In its most recent filing year (2023), Borgenicht Foundation Inc reported a surplus of $161K, with revenue exceeding expenses. The organization holds $1 in liabilities against $10.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $913K | $752K | $10.5M | $1 | — | View 990 |
| 2022 | $227K | $809K | $10.4M | $1 | — | View 990 |
| 2021 | $2.2M | $650K | $11.0M | $112K | — | View 990 |
| 2020 | $328K | $585K | $9.6M | $205K | — | View 990 |
| 2016 | $-31,825 | $580K | $10.9M | $516K | — | View 990 |
| 2015 | $1.8M | $678K | $11.3M | $262K | — | View 990 |
| 2014 | $1.2M | $586K | $10.4M | $486K | — | View 990 |
| 2013 | $5.5M | $601K | $9.3M | $6K | — | View 990 |
| 2012 | $1.0M | $564K | $4.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $913K, expenses of $752K, and assets of $10.5M (revenue +302.8% year-over-year).
- 2022: Revenue of $227K, expenses of $809K, and assets of $10.4M (revenue -89.5% year-over-year).
- 2021: Revenue of $2.2M, expenses of $650K, and assets of $11.0M (revenue +560.5% year-over-year).
- 2020: Revenue of $328K, expenses of $585K, and assets of $9.6M.
- 2016: Revenue of $-31,825, expenses of $580K, and assets of $10.9M (revenue -101.8% year-over-year).
- 2015: Revenue of $1.8M, expenses of $678K, and assets of $11.3M (revenue +49.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $586K, and assets of $10.4M (revenue -78.0% year-over-year).
- 2013: Revenue of $5.5M, expenses of $601K, and assets of $9.3M (revenue +425.2% year-over-year).
- 2012: Revenue of $1.0M, expenses of $564K, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Borgenicht Foundation Inc:
Data Sources and Methodology
This transparency report for Borgenicht Foundation 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.