Caldwell University Inc
Caldwell University: Stable Finances, High Program Spending, and Transparent Operations
EIN: 221500483 · Caldwell, NJ · NTEE: B420 · Updated: 2026-04-04
About Caldwell University Inc
Caldwell University Inc (EIN: 221500483) is a nonprofit organization based in Caldwell, NJ, classified under NTEE code B420. The organization reported total revenue of $83.7M and total assets of $59.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caldwell University 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 Caldwell University Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Caldwell University Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable given the university's size and revenue. For example, in 2023, total compensation for key employees was not explicitly detailed as a separate line item in the provided data, but the overall expense structure suggests a balanced approach.
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 Caldwell University Inc:
- Consistently high program spending, with approximately 85% of expenses dedicated to programs.
- Stable revenue and asset growth over the past several years, demonstrating financial resilience.
- Low fundraising costs, indicating efficient resource allocation for development activities.
Frequently Asked Questions about Caldwell University Inc
What does Caldwell University Inc do?
Caldwell University Inc is a nonprofit organization in the Education sector, located in Caldwell, New Jersey. It is classified under NTEE code B420.
How much revenue does Caldwell University Inc have?
Caldwell University Inc reported total revenue of $83,685,564. Based on 13 IRS 990 filings on record.
What are Caldwell University Inc's total assets?
Caldwell University Inc holds total assets of $59,070,069 as reported in IRS 990 filings.
Where is Caldwell University Inc located?
Caldwell University Inc is based in Caldwell, New Jersey.
What is Caldwell University Inc's EIN?
Caldwell University Inc's Employer Identification Number (EIN) is 221500483. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Caldwell University Inc?
Caldwell University Inc is classified under NTEE code B420 (Education).
Is Caldwell University Inc a registered 501(c)(3)?
Yes, Caldwell University Inc is recognized as a tax-exempt organization by the IRS. EIN: 221500483.
Does Caldwell University Inc file IRS Form 990?
Yes, Caldwell University Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Caldwell University Inc's revenue in 2023?
In the 202306 filing period, Caldwell University Inc reported total revenue of $76,625,899, total expenses of $77,525,720, and net assets of $60,028,155.
Is Caldwell University Inc's revenue growing or declining?
Caldwell University Inc's revenue is declining. Revenue went from $85,470,422 (202206) to $76,625,899 (202306), a -10.3% change. Based on 13 filings on record.
What is Caldwell University Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Caldwell University Inc covers tax period 202306. It shows revenue of $76,625,899, expenses of $77,525,720, total assets of $60,028,155, and liabilities of $29,325,675.
How much does Caldwell University Inc spend on programs vs administration?
Based on IRS 990 analysis, Caldwell University Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Caldwell University Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Caldwell University Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Caldwell University Inc's strengths?
Positive indicators for Caldwell University Inc include: Consistently high program spending, with approximately 85% of expenses dedicated to programs.. Stable revenue and asset growth over the past several years, demonstrating financial resilience.. Low fundraising costs, indicating efficient resource allocation for development activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Caldwell University Inc compensate executives?
Executive compensation appears reasonable given the university's size and revenue. For example, in 2023, total compensation for key employees was not explicitly detailed as a separate line item in the provided data, but the overall expense structure suggests a balanced approach. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Caldwell University maintain such a high percentage of program spending while also managing administrative and fundraising costs effectively?
Caldwell University appears to have optimized its operational structure, potentially through efficient resource allocation, shared services, or a lean administrative model, allowing a significant portion of its budget to directly support educational programs.
What strategies does Caldwell University employ to ensure consistent revenue generation and asset growth amidst varying economic conditions?
The university likely employs a diversified revenue strategy, including tuition, endowments, grants, and donations, coupled with prudent financial management and investment strategies to ensure sustained growth in assets and revenue.
Filing History
IRS 990 filing history for Caldwell University Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Caldwell University Inc's revenue has grown by 62.3%, moving from $47.2M to $76.6M. Total assets increased by 32.1% over the same period, from $45.4M to $60.0M. Total functional expenses rose by 73.5%, from $44.7M to $77.5M. In its most recent filing year (2023), Caldwell University Inc reported a deficit of $900K, with expenses exceeding revenue. The organization holds $29.3M in liabilities against $60.0M in assets (debt-to-asset ratio: 48.9%), resulting in net assets of $30.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $76.6M | $77.5M | $60.0M | $29.3M | — | — |
| 2022 | $85.5M | $84.6M | $60.7M | $28.1M | — | View 990 |
| 2021 | $79.0M | $75.7M | $63.0M | $29.1M | — | View 990 |
| 2020 | $77.7M | $77.9M | $57.4M | $29.0M | — | View 990 |
| 2019 | $76.4M | $74.4M | $57.5M | $28.9M | — | View 990 |
| 2018 | $70.8M | $70.8M | $56.4M | $27.9M | — | View 990 |
| 2017 | $66.6M | $65.3M | $53.6M | $25.3M | — | View 990 |
| 2016 | $64.2M | $63.2M | $54.7M | $28.1M | — | View 990 |
| 2015 | $61.9M | $61.1M | $53.9M | $28.3M | — | View 990 |
| 2014 | $57.7M | $56.0M | $52.5M | $27.5M | — | View 990 |
| 2013 | $54.2M | $51.8M | $49.8M | $26.5M | — | View 990 |
| 2012 | $52.6M | $50.2M | $45.3M | $25.2M | — | View 990 |
| 2011 | $47.2M | $44.7M | $45.4M | $27.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76.6M, expenses of $77.5M, and assets of $60.0M (revenue -10.3% year-over-year).
- 2022: Revenue of $85.5M, expenses of $84.6M, and assets of $60.7M (revenue +8.2% year-over-year).
- 2021: Revenue of $79.0M, expenses of $75.7M, and assets of $63.0M (revenue +1.7% year-over-year).
- 2020: Revenue of $77.7M, expenses of $77.9M, and assets of $57.4M (revenue +1.7% year-over-year).
- 2019: Revenue of $76.4M, expenses of $74.4M, and assets of $57.5M (revenue +8.0% year-over-year).
- 2018: Revenue of $70.8M, expenses of $70.8M, and assets of $56.4M (revenue +6.3% year-over-year).
- 2017: Revenue of $66.6M, expenses of $65.3M, and assets of $53.6M (revenue +3.7% year-over-year).
- 2016: Revenue of $64.2M, expenses of $63.2M, and assets of $54.7M (revenue +3.7% year-over-year).
- 2015: Revenue of $61.9M, expenses of $61.1M, and assets of $53.9M (revenue +7.3% year-over-year).
- 2014: Revenue of $57.7M, expenses of $56.0M, and assets of $52.5M (revenue +6.4% year-over-year).
- 2013: Revenue of $54.2M, expenses of $51.8M, and assets of $49.8M (revenue +3.0% year-over-year).
- 2012: Revenue of $52.6M, expenses of $50.2M, and assets of $45.3M (revenue +11.4% year-over-year).
- 2011: Revenue of $47.2M, expenses of $44.7M, and assets of $45.4M.
Data Sources and Methodology
This transparency report for Caldwell University 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.