Collegiate School
Collegiate School: Declining Revenue, High Liabilities, and Negative Net Assets Raise Concerns
EIN: 221489906 · Passaic, NJ · NTEE: B24Z · Updated: 2026-04-04
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| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.9M |
| Program Spending | 70% |
| Net Assets | $214K |
| Transparency Score | 65/100 |
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Collegiate School Form 990, Revenue, CEO Pay, and IRS Filing Signals
Collegiate School is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Collegiate School in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.7M and expenses of $1.9M.
Revenue and Expenses
Collegiate School reported $1.7M in revenue and $1.9M in expenses, a deficit of $179K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 1 strength are shown from structured and AI review.
Is Collegiate School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.3M (70%) |
Across stored filings, Collegiate School shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Education context |
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Collegiate School directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Collegiate School
Collegiate School (EIN: 221489906) is a nonprofit organization based in Passaic, NJ, classified under NTEE code B24Z. The organization reported total revenue of $1.7M and total assets of $355K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Collegiate School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Collegiate School is a mid-size nonprofit that has been operating for 89 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-178,911 |
| Total Assets | $388K |
| Total Liabilities | $174K |
| Net Assets | $214K |
| Operating Margin | -10.7% |
| Debt-to-Asset Ratio | 44.9% |
| Months of Reserves | 2.5 months |
Financial Health Grade: C
In 2023, Collegiate School reported a deficit of $179K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 44.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Collegiate School's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.3% | +-0.0% | -32.0% |
| 2022 | -8.5% | +12.7% | -20.5% |
| 2021 | +13.5% | -5.7% | +25.1% |
| 2020 | -7.8% | +2.1% | +52.1% |
| 2019 | +4.5% | -3.1% | +64.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1937 |
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 Collegiate School with a Mission Score of 65 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Collegiate School allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $179K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.9%.
Executive Compensation Analysis
Executive compensation is not transparently reported in the provided filings, consistently showing 'c0%', which makes a proper assessment impossible.
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 Collegiate School's IRS 990 filings:
- Consistent negative net assets and a declining trend over several years indicate potential long-term financial instability.
- Revenue has shown a general downward trend from $1,972,705 in 2021 to $1,671,980 in 2023, while expenses have remained high.
- The lack of specific executive compensation data ('c0%') is a significant red flag for transparency and accountability.
Strengths
The following positive indicators were identified for Collegiate School:
- Despite financial challenges, the organization has maintained operations over several years, suggesting resilience.
Frequently Asked Questions about Collegiate School
Is Collegiate School a legitimate charity?
Collegiate School (EIN: 221489906) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 3 red flags identified. 1 strength noted. Financial health grade: C.
How does Collegiate School spend its money?
Collegiate School directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Collegiate School tax-deductible?
Collegiate School is registered as a tax-exempt nonprofit (EIN: 221489906). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Collegiate School's spending goes to programs?
Collegiate School directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Collegiate School compare to similar nonprofits?
With a transparency score of 65/100 (Good), Collegiate School is above average for NTEE category B24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Collegiate School located?
Collegiate School is headquartered in Passaic, New Jersey and files with the IRS under EIN 221489906. It is classified under NTEE code B24Z.
How many years of IRS 990 filings does Collegiate School have?
Collegiate School 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 $1.7M in total revenue.
What does Collegiate School do?
Collegiate School is a nonprofit organization in the Education sector, located in Passaic, New Jersey. It is classified under NTEE code B24Z.
How much revenue does Collegiate School have?
Collegiate School reported total revenue of $1,722,333. Based on 13 IRS 990 filings on record.
What are Collegiate School's total assets?
Collegiate School holds total assets of $354,857 as reported in IRS 990 filings.
Where is Collegiate School located?
Collegiate School is based in Passaic, New Jersey.
What is Collegiate School's EIN?
Collegiate School's Employer Identification Number (EIN) is 221489906. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Collegiate School?
Collegiate School is classified under NTEE code B24Z (Education).
Is Collegiate School a registered 501(c)(3)?
Yes, Collegiate School is recognized as a tax-exempt organization by the IRS. EIN: 221489906.
Does Collegiate School file IRS Form 990?
Yes, Collegiate School has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Collegiate School's revenue in 2023?
In the 202306 filing period, Collegiate School reported total revenue of $1,671,980, total expenses of $1,850,891, and net assets of $387,735.
Is Collegiate School's revenue growing or declining?
Collegiate School's revenue is declining. Revenue went from $1,804,083 (202206) to $1,671,980 (202306), a -7.3% change. Based on 13 filings on record.
What is Collegiate School's most recent 990 filing?
The most recent IRS Form 990 filing for Collegiate School covers tax period 202306. It shows revenue of $1,671,980, expenses of $1,850,891, total assets of $387,735, and liabilities of $173,976.
How much does Collegiate School spend on programs vs administration?
Based on IRS 990 analysis, Collegiate School allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Collegiate School a trustworthy charity?
Based on AI analysis of IRS 990 data, Collegiate School shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for Collegiate School?
The following concerns were identified: Consistent negative net assets and a declining trend over several years indicate potential long-term financial instability.. Revenue has shown a general downward trend from $1,972,705 in 2021 to $1,671,980 in 2023, while expenses have remained high.. The lack of specific executive compensation data ('c0%') is a significant red flag for transparency and accountability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Collegiate School's strengths?
Positive indicators for Collegiate School include: Despite financial challenges, the organization has maintained operations over several years, suggesting resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does Collegiate School compensate executives?
Executive compensation is not transparently reported in the provided filings, consistently showing 'c0%', which makes a proper assessment impossible. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent negative net assets and declining revenue, what is the long-term sustainability plan for Collegiate School?
The provided data does not detail a sustainability plan, but the trend suggests a need for significant financial restructuring or increased fundraising to address the deficit and declining income.
Filing History
IRS 990 filing history for Collegiate School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Collegiate School's revenue has declined by 20.7%, moving from $2.1M to $1.7M. Total assets increased by 60.7% over the same period, from $241K to $388K. Total functional expenses fell by 9.4%, from $2.0M to $1.9M. In its most recent filing year (2023), Collegiate School reported a deficit of $179K, with expenses exceeding revenue. The organization holds $174K in liabilities against $388K in assets (debt-to-asset ratio: 44.9%), resulting in net assets of $214K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.9M | $388K | $174K | — | View 990 |
| 2022 | $1.8M | $1.9M | $570K | $178K | — | View 990 |
| 2021 | $2.0M | $1.6M | $717K | $277K | — | View 990 |
| 2020 | $1.7M | $1.7M | $573K | $463K | — | View 990 |
| 2019 | $1.9M | $1.7M | $377K | $262K | — | View 990 |
| 2018 | $1.8M | $1.8M | $229K | $294K | — | View 990 |
| 2017 | $1.9M | $1.9M | $168K | $277K | — | View 990 |
| 2016 | $2.0M | $1.9M | $210K | $286K | — | View 990 |
| 2015 | $1.9M | $2.0M | $198K | $314K | — | View 990 |
| 2014 | $2.0M | $2.0M | $228K | $290K | — | View 990 |
| 2013 | $1.9M | $1.9M | $253K | $327K | — | View 990 |
| 2012 | $2.0M | $2.0M | $315K | $353K | — | View 990 |
| 2011 | $2.1M | $2.0M | $241K | $208K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.9M, and assets of $388K (revenue -7.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.9M, and assets of $570K (revenue -8.5% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.6M, and assets of $717K (revenue +13.5% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.7M, and assets of $573K (revenue -7.8% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.7M, and assets of $377K (revenue +4.5% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $229K (revenue -5.2% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $168K (revenue -3.2% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $210K (revenue +2.1% year-over-year).
- 2015: Revenue of $1.9M, expenses of $2.0M, and assets of $198K (revenue -3.9% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.0M, and assets of $228K (revenue +5.9% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $253K (revenue -3.5% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.0M, and assets of $315K (revenue -7.0% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.0M, and assets of $241K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Collegiate School:
Data Sources and Methodology
This transparency report for Collegiate School 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.