Duke Farms Foundation

Duke Farms Foundation consistently operates at a deficit, drawing down significant assets over the past decade.

EIN: 134008720 · Hillsborough, NJ · NTEE: C42Z · Updated: 2026-03-28

$17.0MRevenue
$59.3MAssets
65/100Mission Score (Good)
C42Z

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Duke Farms Foundation Financial Summary
MetricValue
Total Revenue$17.0M
Total Expenses$18.9M
Program Spending75%
Net Assets$1.1M
Transparency Score65/100

Search Intent Cockpit

Duke Farms Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Duke Farms Foundation 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 Duke Farms Foundation in one place.

Form 990 Filing Summary

10 filing years are available, with latest revenue of $16.7M and expenses of $18.9M.

Revenue and Expenses

Duke Farms Foundation reported $16.7M in revenue and $18.9M in expenses, a deficit of $2.2M.

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 3 strengths are shown from structured and AI review.

Is Duke Farms Foundation Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
75%Program Expense
$0Grants Paid
10Stored Filing Years

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

Duke Farms Foundation Expense Deployment
Program services$14.2M (75%)

Across stored filings, Duke Farms Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Duke Farms Foundation Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 3 red flags identified
Mission spend75% to programsExcellent
Financial durabilityGrade C10 stored filing years
Peer contextCompare with Dance For The Cure IncNew Jersey and Environment context

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Duke Farms Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Duke Farms Foundation

Duke Farms Foundation (EIN: 134008720) is a nonprofit organization based in Hillsborough, NJ, classified under NTEE code C42Z. The organization reported total revenue of $17.0M and total assets of $59.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Duke Farms Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

28Years Operating
LargeSize Classification
10Years of Filings
MixedRevenue Trajectory

Duke Farms Foundation is a large nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$16.7M
Total Expenses$18.9M
Surplus / Deficit$-2,188,113
Total Assets$60.5M
Total Liabilities$59.4M
Net Assets$1.1M
Operating Margin-13.1%
Debt-to-Asset Ratio98.2%
Months of Reserves38.5 months

Financial Health Grade: C

In 2023, Duke Farms Foundation reported a deficit of $2.2M with expenses exceeding revenue, holds 38.5 months of operating reserves (strong position), has a debt-to-asset ratio of 98.2% (high leverage).

Financial Trends

Over 10 years of filings (2011–2023), Duke Farms Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.

YearRevenue ChangeExpense ChangeAsset Change
2023-4.9%-1.7%-3.2%
2022+27.7%+11.7%-4.3%
2021+5.6%+7.2%-4.7%
2020-0.4%+3.4%-4.2%
2019-12.7%-7.3%-16.5%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date1998

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Duke Farms Foundation demonstrates consistent financial operations, with revenues generally covering a significant portion of expenses, though often operating at a deficit. For example, in 2023, revenues were $16,683,987 against expenses of $18,872,100, indicating a deficit of over $2 million. This trend of expenses exceeding revenue is consistent across most reported periods. The organization's assets have shown a long-term decline, from over $102 million in 2011 to $60.5 million in 2023, which warrants closer examination of its long-term financial sustainability and funding model. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that executive compensation is not reported in this specific field, which could impact transparency regarding leadership costs. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational deficits suggest that the organization relies on its asset base or other funding sources to cover its annual expenditures. The significant asset base, even with its decline, provides a buffer, but the trend is concerning. Transparency regarding executive compensation is high, with 0% reported, but a more granular breakdown of functional expenses would enhance understanding of how funds are allocated. Overall, Duke Farms Foundation appears to be a stable organization with substantial assets, but its consistent operational deficits and declining asset base over the past decade are key areas for potential concern. While the lack of reported officer compensation is notable, a more detailed functional expense breakdown would provide a clearer picture of spending efficiency and program impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Duke Farms Foundation 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: 75%
  • fundraising: 10%

According to IRS 990 filings, Duke Farms Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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:

$16.7MTotal Revenue
$18.9MTotal Expenses
$60.5MTotal Assets
$59.4MTotal Liabilities
$1.1MNet Assets
  • The organization reported a deficit of $2.2M, with expenses exceeding revenue.
  • Debt-to-asset ratio: 98.2%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting either a fully volunteer executive leadership or that compensation is categorized differently, which enhances transparency regarding direct officer pay.

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 Duke Farms Foundation's IRS 990 filings:

  • Consistent operational deficits (expenses exceeding revenue) across multiple years, e.g., $18.8M expenses vs. $16.6M revenue in 2023.
  • Significant long-term decline in total assets, from over $102M in 2011 to $60.5M in 2023, indicating reliance on asset drawdowns.
  • Liabilities are substantial and sometimes exceed assets, as seen in 2021 ($70.5M liabilities vs. $65.3M assets) and 2020 ($72.7M liabilities vs. $68.6M assets), which could indicate financial strain.

Strengths

The following positive indicators were identified for Duke Farms Foundation:

  • Substantial asset base, even with decline, providing a significant financial buffer ($60.5M in 2023).
  • Consistent reporting of 0% officer compensation, indicating strong transparency in this area or a volunteer leadership model.
  • Long operational history with 10 years of consistent IRS 990 filings, suggesting organizational stability and compliance.

Frequently Asked Questions about Duke Farms Foundation

Is Duke Farms Foundation a legitimate charity?

Duke Farms Foundation (EIN: 134008720) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $17.0M. 3 red flags identified. 3 strengths noted. Financial health grade: C.

How does Duke Farms Foundation spend its money?

Duke Farms Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.

Are donations to Duke Farms Foundation tax-deductible?

Duke Farms Foundation is registered as a tax-exempt nonprofit (EIN: 134008720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of Duke Farms Foundation's spending goes to programs?

Duke Farms Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Duke Farms Foundation compare to similar nonprofits?

With a transparency score of 65/100 (Good), Duke Farms Foundation is above average for NTEE category C42Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Duke Farms Foundation located?

Duke Farms Foundation is headquartered in Hillsborough, New Jersey and files with the IRS under EIN 134008720. It is classified under NTEE code C42Z.

How many years of IRS 990 filings does Duke Farms Foundation have?

Duke Farms Foundation has 10 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 $17.0M in total revenue.

Is Duke Farms Foundation a good charity?

Duke Farms Foundation has a substantial asset base and a long history of operation. While it consistently operates at a deficit, drawing down assets, its mission-related activities appear to be sustained. The lack of reported officer compensation is a positive transparency indicator. A 'good' charity depends on individual priorities, but its financial trends warrant careful consideration.

Why are Duke Farms Foundation's assets declining?

The organization's assets have declined from $102,730,604 in 2011 to $60,541,759 in 2023. This decline is likely due to the consistent operational deficits, where annual expenses exceed revenues, requiring the organization to draw from its existing asset base to cover costs.

How does Duke Farms Foundation cover its operational deficits?

Given that expenses consistently exceed revenue (e.g., $18,872,100 expenses vs. $16,683,987 revenue in 2023), Duke Farms Foundation appears to cover its operational deficits by utilizing its substantial asset base. This is reflected in the long-term decline of its total assets.

What is the significance of 0% officer compensation?

The consistent reporting of 0% officer compensation across all filings indicates that no compensation was paid to officers, directors, trustees, or key employees, or it was not reported in this specific section of the 990. This suggests either a volunteer-led executive team or that executive salaries are categorized under other expense lines, which would require further investigation for full transparency.

Filing History

IRS 990 filing history for Duke Farms Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Duke Farms Foundation's revenue has grown by 86%, moving from $9.0M to $16.7M. Total assets decreased by 41.1% over the same period, from $102.7M to $60.5M. Total functional expenses rose by 56.8%, from $12.0M to $18.9M. In its most recent filing year (2023), Duke Farms Foundation reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $59.4M in liabilities against $60.5M in assets (debt-to-asset ratio: 98.2%), resulting in net assets of $1.1M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $16.7M $18.9M $60.5M $59.4M
2022 $17.5M $19.2M $62.5M $59.5M View 990
2021 $13.7M $17.2M $65.4M $70.5M View 990
2020 $13.0M $16.0M $68.6M $72.8M
2019 $13.1M $15.5M $71.6M $68.8M View 990
2015 $15.0M $16.7M $85.7M $68.9M View 990
2014 $12.9M $16.6M $87.3M $68.3M View 990
2013 $9.8M $15.6M $90.5M $62.3M View 990
2012 $10.3M $13.4M $96.8M $68.2M View 990
2011 $9.0M $12.0M $102.7M $71.9M View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $16.7M, expenses of $18.9M, and assets of $60.5M (revenue -4.9% year-over-year).
  • 2022: Revenue of $17.5M, expenses of $19.2M, and assets of $62.5M (revenue +27.7% year-over-year).
  • 2021: Revenue of $13.7M, expenses of $17.2M, and assets of $65.4M (revenue +5.6% year-over-year).
  • 2020: Revenue of $13.0M, expenses of $16.0M, and assets of $68.6M (revenue -0.4% year-over-year).
  • 2019: Revenue of $13.1M, expenses of $15.5M, and assets of $71.6M (revenue -12.7% year-over-year).
  • 2015: Revenue of $15.0M, expenses of $16.7M, and assets of $85.7M (revenue +15.8% year-over-year).
  • 2014: Revenue of $12.9M, expenses of $16.6M, and assets of $87.3M (revenue +31.4% year-over-year).
  • 2013: Revenue of $9.8M, expenses of $15.6M, and assets of $90.5M (revenue -4.9% year-over-year).
  • 2012: Revenue of $10.3M, expenses of $13.4M, and assets of $96.8M (revenue +15.2% year-over-year).
  • 2011: Revenue of $9.0M, expenses of $12.0M, and assets of $102.7M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Duke Farms Foundation:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Duke Farms Foundation 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.

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