Educational Endowment Fund Inc
Educational Endowment Fund Inc. maintains substantial assets with zero officer compensation, but experienced a significant expense anomaly in 2017.
EIN: 20677193 · Lakewood, NJ · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| Net Assets | $18.2M |
| Transparency Score | 80/100 |
Is Educational Endowment Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Educational Endowment Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Educational Endowment Fund Inc
Educational Endowment Fund Inc (EIN: 20677193) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code B99. The organization reported total revenue of $1.4M and total assets of $15.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educational Endowment Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educational Endowment Fund Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-202,041 |
| Total Assets | $18.2M |
| Net Assets | $18.2M |
| Operating Margin | -16.9% |
| Months of Reserves | 156.8 months |
Financial Health Grade: B
In 2023, Educational Endowment Fund Inc reported a deficit of $202K with expenses exceeding revenue, holds 156.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Educational Endowment Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.1% | -23.3% | +0.5% |
| 2022 | +46.3% | +3.2% | -5.3% |
| 2021 | -38.9% | -3.1% | -1.9% |
| 2020 | +10.2% | +4.5% | +6.4% |
| 2019 | -17.1% | -19.7% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Educational Endowment Fund Inc with a Mission Score of 80 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, Educational Endowment Fund 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $202K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for donor perception and resource allocation.
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 Educational Endowment Fund Inc's IRS 990 filings:
- Unexplained extreme expense spike in 2017 ($42,850,113 vs. $1,796,561 revenue)
- Lack of detailed information on program spending breakdown in provided data
Strengths
The following positive indicators were identified for Educational Endowment Fund Inc:
- Consistent reporting of zero officer compensation
- Substantial and stable asset base (over $15 million)
- Recent filings show zero liabilities, indicating strong financial health
- Generally operates with expenses at or below revenue (excluding 2017 anomaly)
Frequently Asked Questions about Educational Endowment Fund Inc
Is Educational Endowment Fund Inc a legitimate charity?
Educational Endowment Fund Inc (EIN: 20677193) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Educational Endowment Fund Inc spend its money?
Educational Endowment Fund Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Educational Endowment Fund Inc tax-deductible?
Educational Endowment Fund Inc is registered as a tax-exempt nonprofit (EIN: 20677193). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Educational Endowment Fund Inc's spending goes to programs?
Educational Endowment Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Educational Endowment Fund Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Educational Endowment Fund Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Educational Endowment Fund Inc located?
Educational Endowment Fund Inc is headquartered in Lakewood, New Jersey and files with the IRS under EIN 20677193. It is classified under NTEE code B99.
How many years of IRS 990 filings does Educational Endowment Fund Inc have?
Educational Endowment Fund Inc 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 $1.4M in total revenue.
What caused the exceptionally high expenses of $42,850,113 in 2017?
The IRS 990 filings show a significant spike in expenses in 2017, far exceeding revenue and typical operational costs. This could be due to a large one-time program expenditure, an investment loss, or a reporting error. Further detail from the organization's full 990 form for that year would be needed to understand this anomaly.
How does Educational Endowment Fund Inc. sustain its operations with zero officer compensation?
The consistent reporting of zero officer compensation suggests that the organization may rely on volunteer leadership, or that its officers are compensated through other means not classified as 'officer compensation' on the 990, or that it has a very lean operational structure. This practice is unusual for an organization with over $15 million in assets and over $1 million in annual revenue.
What is the primary use of the organization's substantial assets?
With assets consistently over $15 million, the organization holds a significant endowment. The NTEE code B99 (Education, General) suggests these assets are likely held to generate income for educational programs, scholarships, or other related initiatives. The specific allocation would be detailed in the organization's financial statements.
Filing History
IRS 990 filing history for Educational Endowment Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Educational Endowment Fund Inc's revenue has declined by 71.3%, moving from $4.2M to $1.2M. Total assets decreased by 14.5% over the same period, from $21.3M to $18.2M. Total functional expenses fell by 66.8%, from $4.2M to $1.4M. In its most recent filing year (2023), Educational Endowment Fund Inc reported a deficit of $202K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.4M | $18.2M | $0 | — | — |
| 2022 | $2.0M | $1.8M | $18.1M | $16K | — | View 990 |
| 2021 | $1.4M | $1.8M | $19.2M | $16K | — | View 990 |
| 2020 | $2.3M | $1.8M | $19.5M | $16K | — | View 990 |
| 2019 | $2.1M | $1.7M | $18.4M | $21K | — | View 990 |
| 2018 | $2.5M | $2.2M | $17.7M | $24K | — | View 990 |
| 2017 | $1.8M | $42.9M | $17.3M | $24K | — | View 990 |
| 2016 | $3.0M | $2.5M | $21.5M | $110K | — | View 990 |
| 2015 | $7.8M | $2.9M | $23.2M | $295K | — | View 990 |
| 2014 | $2.8M | $7.5M | $18.5M | $474K | — | View 990 |
| 2013 | $4.1M | $4.3M | $23.4M | $734K | — | View 990 |
| 2012 | $4.2M | $3.3M | $22.5M | $12K | — | View 990 |
| 2011 | $4.2M | $4.2M | $21.3M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.4M, and assets of $18.2M (revenue -41.1% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.8M, and assets of $18.1M (revenue +46.3% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.8M, and assets of $19.2M (revenue -38.9% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.8M, and assets of $19.5M (revenue +10.2% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.7M, and assets of $18.4M (revenue -17.1% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.2M, and assets of $17.7M (revenue +38.1% year-over-year).
- 2017: Revenue of $1.8M, expenses of $42.9M, and assets of $17.3M (revenue -39.9% year-over-year).
- 2016: Revenue of $3.0M, expenses of $2.5M, and assets of $21.5M (revenue -61.7% year-over-year).
- 2015: Revenue of $7.8M, expenses of $2.9M, and assets of $23.2M (revenue +182.7% year-over-year).
- 2014: Revenue of $2.8M, expenses of $7.5M, and assets of $18.5M (revenue -33.3% year-over-year).
- 2013: Revenue of $4.1M, expenses of $4.3M, and assets of $23.4M (revenue -2.2% year-over-year).
- 2012: Revenue of $4.2M, expenses of $3.3M, and assets of $22.5M (revenue +1.8% year-over-year).
- 2011: Revenue of $4.2M, expenses of $4.2M, and assets of $21.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educational Endowment Fund Inc:
Data Sources and Methodology
This transparency report for Educational Endowment 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.