Brook Fund Inc
Brook Fund Inc: Declining Revenue, High Administrative Costs, and Lack of Program Spending
EIN: 222561995 · Allendale, NJ · Updated: 2026-04-04
About Brook Fund Inc
Brook Fund Inc (EIN: 222561995) is a nonprofit organization based in Allendale, NJ. The organization reported total revenue of $1.1M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brook Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brook Fund Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Brook Fund Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual given the consistent administrative expenses.
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 Brook Fund Inc's IRS 990 filings:
- Zero reported program service expenses across all available filings, despite significant total expenses (e.g., $381,068 in 2023).
- Consistent reporting of $0 for officer, director, and key employee compensation, raising questions about how administrative functions are funded or managed.
- Significant decline in revenue over the past five years (from $402,825 in 2019 to $226,520 in 2023) without a corresponding reduction in total expenses.
- The organization consistently reports 'Other expenses' as its primary expenditure, without detailed breakdown in the 990-EZ, making it difficult to ascertain the nature of these costs.
Strengths
The following positive indicators were identified for Brook Fund Inc:
- The organization maintains a relatively stable asset base despite declining revenue, with $2,111,255 in assets reported in 2023.
Frequently Asked Questions about Brook Fund Inc
What does Brook Fund Inc do?
Brook Fund Inc is a nonprofit organization in the Unknown sector, located in Allendale, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Brook Fund Inc have?
Brook Fund Inc reported total revenue of $1,070,865. Based on 10 IRS 990 filings on record.
What are Brook Fund Inc's total assets?
Brook Fund Inc holds total assets of $2,311,518 as reported in IRS 990 filings.
Where is Brook Fund Inc located?
Brook Fund Inc is based in Allendale, New Jersey.
What is Brook Fund Inc's EIN?
Brook Fund Inc's Employer Identification Number (EIN) is 222561995. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Brook Fund Inc?
Brook Fund Inc is classified under NTEE code Unknown (Unknown).
Is Brook Fund Inc a registered 501(c)(3)?
Brook Fund Inc appears in IRS records (EIN: 222561995). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Brook Fund Inc file IRS Form 990?
Yes, Brook Fund Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Brook Fund Inc's revenue in 2023?
In the 202312 filing period, Brook Fund Inc reported total revenue of $226,520, total expenses of $381,068, and net assets of $2,111,255.
Is Brook Fund Inc's revenue growing or declining?
Brook Fund Inc's revenue is growing. Revenue went from $61,300 (202212) to $226,520 (202312), a +269.5% change. Based on 10 filings on record.
What is Brook Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Brook Fund Inc covers tax period 202312. It shows revenue of $226,520, expenses of $381,068, total assets of $2,111,255, and liabilities of $1.
Is Brook Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Brook Fund Inc has notable concerns. Mission Score: 20/100 (Poor). 4 red flags identified. 1 strength noted.
What are the red flags for Brook Fund Inc?
The following concerns were identified: Zero reported program service expenses across all available filings, despite significant total expenses (e.g., $381,068 in 2023).. Consistent reporting of $0 for officer, director, and key employee compensation, raising questions about how administrative functions are funded or managed.. Significant decline in revenue over the past five years (from $402,825 in 2019 to $226,520 in 2023) without a corresponding reduction in total expenses.. The organization consistently reports 'Other expenses' as its primary expenditure, without detailed breakdown in the 990-EZ, making it difficult to ascertain the nature of these costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Brook Fund Inc's strengths?
Positive indicators for Brook Fund Inc include: The organization maintains a relatively stable asset base despite declining revenue, with $2,111,255 in assets reported in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Brook Fund Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual given the consistent administrative expenses. 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 in program service expenses and $0 in executive compensation, what are the primary activities and beneficiaries of Brook Fund Inc, and how are its substantial 'other expenses' utilized?
The available 990-EZ filings do not provide sufficient detail to answer this, as 'other expenses' are not itemized, and no program service accomplishments are reported. This suggests the organization may not be actively engaged in direct charitable programs.
Filing History
IRS 990 filing history for Brook Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Brook Fund Inc's revenue has declined by 76.8%, moving from $976K to $227K. Total assets decreased by 16.6% over the same period, from $2.5M to $2.1M. Total functional expenses fell by 3.6%, from $395K to $381K. In its most recent filing year (2023), Brook Fund Inc reported a deficit of $155K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $227K | $381K | $2.1M | $1 | — | View 990 |
| 2022 | $61K | $345K | $2.3M | $1 | — | View 990 |
| 2021 | $235K | $298K | $2.5M | $1 | — | View 990 |
| 2020 | $328K | $355K | $2.6M | $1 | — | — |
| 2019 | $403K | $519K | $2.7M | $0 | — | View 990 |
| 2015 | $301K | $308K | $2.2M | $0 | — | View 990 |
| 2014 | $544K | $373K | $2.2M | $0 | — | View 990 |
| 2013 | $391K | $312K | $2.1M | $0 | — | View 990 |
| 2012 | $-2,386 | $548K | $2.0M | $0 | — | View 990 |
| 2011 | $976K | $395K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $227K, expenses of $381K, and assets of $2.1M (revenue +269.5% year-over-year).
- 2022: Revenue of $61K, expenses of $345K, and assets of $2.3M (revenue -73.9% year-over-year).
- 2021: Revenue of $235K, expenses of $298K, and assets of $2.5M (revenue -28.3% year-over-year).
- 2020: Revenue of $328K, expenses of $355K, and assets of $2.6M (revenue -18.7% year-over-year).
- 2019: Revenue of $403K, expenses of $519K, and assets of $2.7M (revenue +33.7% year-over-year).
- 2015: Revenue of $301K, expenses of $308K, and assets of $2.2M (revenue -44.6% year-over-year).
- 2014: Revenue of $544K, expenses of $373K, and assets of $2.2M (revenue +38.9% year-over-year).
- 2013: Revenue of $391K, expenses of $312K, and assets of $2.1M.
- 2012: Revenue of $-2,386, expenses of $548K, and assets of $2.0M (revenue -100.2% year-over-year).
- 2011: Revenue of $976K, expenses of $395K, and assets of $2.5M.
Data Sources and Methodology
This transparency report for Brook 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.