Community Foundation Of New Jersey
Community Foundation of New Jersey: Strong Asset Growth, Consistent Program Focus
EIN: 222281783 · Morristown, NJ · NTEE: T310 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $317.6M |
| Total Expenses | $82.1M |
| Program Spending | 65% |
| Net Assets | $827.7M |
| Transparency Score | 85/100 |
Is Community Foundation Of New Jersey Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Foundation Of New Jersey directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Community Foundation Of New Jersey
Community Foundation Of New Jersey (EIN: 222281783) is a nonprofit organization based in Morristown, NJ, classified under NTEE code T310. The organization reported total revenue of $317.6M and total assets of $1.0B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Foundation Of New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Foundation Of New Jersey is a major nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145.9M |
| Total Expenses | $82.1M |
| Surplus / Deficit | +$63.8M |
| Total Assets | $865.1M |
| Total Liabilities | $37.4M |
| Net Assets | $827.7M |
| Operating Margin | 43.7% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 126.4 months |
Financial Health Grade: A
In 2023, Community Foundation Of New Jersey reported a surplus of $63.8M with revenue exceeding expenses, holds 126.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Foundation Of New Jersey's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.8% | -49.9% | +17.4% |
| 2022 | -40.6% | +38.5% | -13.6% |
| 2021 | +28.1% | +15.0% | +27.6% |
| 2020 | +65.1% | +57.9% | +26.1% |
| 2019 | -2.3% | -17.0% | +25.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Community Foundation Of New Jersey 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: 20%
- programs: 65%
- fundraising: 15%
According to IRS 990 filings, Community Foundation Of New Jersey allocates its expenses as follows: admin: 20%, programs: 65%, fundraising: 15%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $63.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.3%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided high-level data, preventing a specific assessment of individual salaries. However, the 'c0%' for related party compensation across all years suggests no direct conflicts of interest in this area.
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 Community Foundation Of New Jersey:
- Consistent and significant asset growth, from $409,975,423 in 2016 to $1,000,436,937 in 2023, demonstrates strong financial management and donor confidence.
- High program spending percentage (estimated 65%) indicates a strong focus on mission delivery.
- The foundation maintains a healthy liquidity position, with liabilities consistently a small fraction of total assets.
- Zero related party compensation reported across all years reflects good governance practices.
Frequently Asked Questions about Community Foundation Of New Jersey
Is Community Foundation Of New Jersey a legitimate charity?
Community Foundation Of New Jersey (EIN: 222281783) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $317.6M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Community Foundation Of New Jersey spend its money?
Community Foundation Of New Jersey directs 65% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Community Foundation Of New Jersey tax-deductible?
Community Foundation Of New Jersey is registered as a tax-exempt nonprofit (EIN: 222281783). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Community Foundation Of New Jersey's spending goes to programs?
Community Foundation Of New Jersey directs 65% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Community Foundation Of New Jersey compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Community Foundation Of New Jersey is above average for NTEE category T310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community Foundation Of New Jersey located?
Community Foundation Of New Jersey is headquartered in Morristown, New Jersey and files with the IRS under EIN 222281783. It is classified under NTEE code T310.
How many years of IRS 990 filings does Community Foundation Of New Jersey have?
Community Foundation Of New Jersey 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 $317.6M in total revenue.
What does Community Foundation Of New Jersey do?
Community Foundation Of New Jersey is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Morristown, New Jersey. It is classified under NTEE code T310.
How much revenue does Community Foundation Of New Jersey have?
Community Foundation Of New Jersey reported total revenue of $317,558,042. Based on 13 IRS 990 filings on record.
What are Community Foundation Of New Jersey's total assets?
Community Foundation Of New Jersey holds total assets of $1,000,436,937 as reported in IRS 990 filings.
Where is Community Foundation Of New Jersey located?
Community Foundation Of New Jersey is based in Morristown, New Jersey.
What is Community Foundation Of New Jersey's EIN?
Community Foundation Of New Jersey's Employer Identification Number (EIN) is 222281783. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Community Foundation Of New Jersey?
Community Foundation Of New Jersey is classified under NTEE code T310 (Philanthropy, Voluntarism & Grantmaking).
Is Community Foundation Of New Jersey a registered 501(c)(3)?
Yes, Community Foundation Of New Jersey is recognized as a tax-exempt organization by the IRS. EIN: 222281783.
Does Community Foundation Of New Jersey file IRS Form 990?
Yes, Community Foundation Of New Jersey has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Community Foundation Of New Jersey's revenue in 2023?
In the 202312 filing period, Community Foundation Of New Jersey reported total revenue of $145,893,936, total expenses of $82,099,372, and net assets of $865,093,625.
Is Community Foundation Of New Jersey's revenue growing or declining?
Community Foundation Of New Jersey's revenue is relatively stable. Revenue went from $153,275,906 (202212) to $145,893,936 (202312), a -4.8% change. Based on 13 filings on record.
What is Community Foundation Of New Jersey's most recent 990 filing?
The most recent IRS Form 990 filing for Community Foundation Of New Jersey covers tax period 202312. It shows revenue of $145,893,936, expenses of $82,099,372, total assets of $865,093,625, and liabilities of $37,397,000.
How much does Community Foundation Of New Jersey spend on programs vs administration?
Based on IRS 990 analysis, Community Foundation Of New Jersey allocates approximately 65% of expenses to program services, 20% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Community Foundation Of New Jersey a trustworthy charity?
Based on AI analysis of IRS 990 data, Community Foundation Of New Jersey appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Community Foundation Of New Jersey's strengths?
Positive indicators for Community Foundation Of New Jersey include: Consistent and significant asset growth, from $409,975,423 in 2016 to $1,000,436,937 in 2023, demonstrates strong financial management and donor confidence.. High program spending percentage (estimated 65%) indicates a strong focus on mission delivery.. The foundation maintains a healthy liquidity position, with liabilities consistently a small fraction of total assets.. Zero related party compensation reported across all years reflects good governance practices.. These findings are derived from AI analysis of the organization's financial filings.
How does Community Foundation Of New Jersey compensate executives?
Executive compensation is not explicitly detailed in the provided high-level data, preventing a specific assessment of individual salaries. However, the 'c0%' for related party compensation across all years suggests no direct conflicts of interest in this area. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the foundation manage its investment portfolio to achieve such consistent asset growth, especially given fluctuations in annual revenue?
While specific investment strategies are not detailed in the provided data, the consistent growth in assets from $409M in 2016 to over $1B in 2023, despite varying annual revenues (e.g., $257M in 2021 vs. $145M in 2023), suggests effective long-term investment management and endowment growth strategies.
What is the primary driver behind the significant increase in total assets from $736,851,451 in 2022 to $865,093,625 in 2023, given a decrease in reported revenue during the same period?
The increase in total assets from 2022 to 2023, despite a decrease in reported revenue from $153,275,906 to $145,893,936, likely indicates strong investment returns on existing assets and/or significant non-revenue contributions (e.g., large bequests or asset transfers not categorized as annual revenue) that contributed directly to the endowment.
Filing History
IRS 990 filing history for Community Foundation Of New Jersey showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Foundation Of New Jersey's revenue has grown by 231.3%, moving from $44.0M to $145.9M. Total assets increased by 299.3% over the same period, from $216.7M to $865.1M. Total functional expenses rose by 153.2%, from $32.4M to $82.1M. In its most recent filing year (2023), Community Foundation Of New Jersey reported a surplus of $63.8M, with revenue exceeding expenses. The organization holds $37.4M in liabilities against $865.1M in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $827.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145.9M | $82.1M | $865.1M | $37.4M | — | View 990 |
| 2022 | $153.3M | $164.0M | $736.9M | $28.6M | — | View 990 |
| 2021 | $257.9M | $118.4M | $853.0M | $26.0M | — | View 990 |
| 2020 | $201.3M | $102.9M | $668.7M | $28.9M | — | — |
| 2019 | $121.9M | $65.2M | $530.2M | $24.5M | — | View 990 |
| 2018 | $124.8M | $78.5M | $423.5M | $21.9M | — | View 990 |
| 2017 | $94.8M | $61.7M | $467.6M | $26.2M | — | — |
| 2016 | $118.8M | $70.2M | $410.0M | $25.3M | — | View 990 |
| 2015 | $109.9M | $52.8M | $352.8M | $25.5M | — | View 990 |
| 2014 | $104.3M | $46.5M | $314.2M | $25.9M | — | View 990 |
| 2013 | $58.0M | $42.8M | $263.1M | $24.6M | — | View 990 |
| 2012 | $42.3M | $33.0M | $229.8M | $21.9M | — | View 990 |
| 2011 | $44.0M | $32.4M | $216.7M | $21.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145.9M, expenses of $82.1M, and assets of $865.1M (revenue -4.8% year-over-year).
- 2022: Revenue of $153.3M, expenses of $164.0M, and assets of $736.9M (revenue -40.6% year-over-year).
- 2021: Revenue of $257.9M, expenses of $118.4M, and assets of $853.0M (revenue +28.1% year-over-year).
- 2020: Revenue of $201.3M, expenses of $102.9M, and assets of $668.7M (revenue +65.1% year-over-year).
- 2019: Revenue of $121.9M, expenses of $65.2M, and assets of $530.2M (revenue -2.3% year-over-year).
- 2018: Revenue of $124.8M, expenses of $78.5M, and assets of $423.5M (revenue +31.7% year-over-year).
- 2017: Revenue of $94.8M, expenses of $61.7M, and assets of $467.6M (revenue -20.2% year-over-year).
- 2016: Revenue of $118.8M, expenses of $70.2M, and assets of $410.0M (revenue +8.1% year-over-year).
- 2015: Revenue of $109.9M, expenses of $52.8M, and assets of $352.8M (revenue +5.4% year-over-year).
- 2014: Revenue of $104.3M, expenses of $46.5M, and assets of $314.2M (revenue +79.8% year-over-year).
- 2013: Revenue of $58.0M, expenses of $42.8M, and assets of $263.1M (revenue +37.0% year-over-year).
- 2012: Revenue of $42.3M, expenses of $33.0M, and assets of $229.8M (revenue -3.9% year-over-year).
- 2011: Revenue of $44.0M, expenses of $32.4M, and assets of $216.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Foundation Of New Jersey:
Data Sources and Methodology
This transparency report for Community Foundation Of New Jersey 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.