Faculty Association Of Suffolk Community College Benefit Fund
Faculty Association Benefit Fund maintains stable finances with consistent revenue and zero reported officer compensation.
EIN: 113220548 · Selden, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| Net Assets | $2.4M |
| Transparency Score | 85/100 |
Is Faculty Association Of Suffolk Community College Benefit Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faculty Association Of Suffolk Community College Benefit Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faculty Association Of Suffolk Community College Benefit Fund
Faculty Association Of Suffolk Community College Benefit Fund (EIN: 113220548) is a nonprofit organization based in Selden, NY. The organization reported total revenue of $6.4M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faculty Association Of Suffolk Community College Benefit Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faculty Association Of Suffolk Community College Benefit Fund is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$118K |
| Total Assets | $2.4M |
| Total Liabilities | $29K |
| Net Assets | $2.4M |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 17.8 months |
Financial Health Grade: A
In 2023, Faculty Association Of Suffolk Community College Benefit Fund reported a surplus of $118K with revenue exceeding expenses, holds 17.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Faculty Association Of Suffolk Community College Benefit Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.3% | +4.5% | +5.1% |
| 2022 | +0.5% | +1.5% | -3.4% |
| 2021 | -2.8% | +3.8% | +12.7% |
| 2020 | +2.0% | -11.8% | +17.2% |
| 2019 | +3.9% | -1.4% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Faculty Association Of Suffolk Community College Benefit Fund 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Faculty Association Of Suffolk Community College Benefit Fund allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $118K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either uncompensated or compensated through mechanisms not categorized as officer compensation on the IRS 990, which is a strong positive for 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.
Strengths
The following positive indicators were identified for Faculty Association Of Suffolk Community College Benefit Fund:
- Consistent financial stability with steady revenue and asset growth.
- Extremely low liabilities relative to assets, indicating strong financial health.
- Zero reported officer compensation, suggesting efficient use of funds for its stated purpose.
- Positive net income in most years, contributing to asset accumulation.
Frequently Asked Questions about Faculty Association Of Suffolk Community College Benefit Fund
Is Faculty Association Of Suffolk Community College Benefit Fund a legitimate charity?
Faculty Association Of Suffolk Community College Benefit Fund (EIN: 113220548) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.4M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Faculty Association Of Suffolk Community College Benefit Fund spend its money?
Faculty Association Of Suffolk Community College Benefit Fund directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Faculty Association Of Suffolk Community College Benefit Fund tax-deductible?
Faculty Association Of Suffolk Community College Benefit Fund is registered as a tax-exempt nonprofit (EIN: 113220548). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Faculty Association Of Suffolk Community College Benefit Fund's spending goes to programs?
Faculty Association Of Suffolk Community College Benefit Fund directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Faculty Association Of Suffolk Community College Benefit Fund located?
Faculty Association Of Suffolk Community College Benefit Fund is headquartered in Selden, New York and files with the IRS under EIN 113220548.
How many years of IRS 990 filings does Faculty Association Of Suffolk Community College Benefit Fund have?
Faculty Association Of Suffolk Community College Benefit Fund 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 $6.4M in total revenue.
What specific benefits or programs does the Faculty Association Of Suffolk Community College Benefit Fund provide?
The provided data does not detail the specific programs or benefits offered by the organization. Further investigation into their mission statement or program service accomplishments on their full 990 forms would be necessary.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be volunteer-based, or their compensation is structured in a way that it is not reported under 'officer compensation' on the IRS 990, such as being paid as regular employees if they also perform other roles.
What is the primary source of the organization's revenue?
The provided data only shows total revenue. To determine the primary source (e.g., membership dues, investment income, grants), a deeper dive into the full IRS 990 filings would be required.
Filing History
IRS 990 filing history for Faculty Association Of Suffolk Community College Benefit Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Faculty Association Of Suffolk Community College Benefit Fund's revenue has grown by 18.6%, moving from $1.5M to $1.8M. Total assets increased by 59% over the same period, from $1.5M to $2.4M. Total functional expenses rose by 10.6%, from $1.5M to $1.6M. In its most recent filing year (2023), Faculty Association Of Suffolk Community College Benefit Fund reported a surplus of $118K, with revenue exceeding expenses. The organization holds $29K in liabilities against $2.4M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.6M | $2.4M | $29K | — | View 990 |
| 2022 | $1.7M | $1.6M | $2.3M | $46K | — | View 990 |
| 2021 | $1.7M | $1.6M | $2.4M | $46K | — | View 990 |
| 2020 | $1.8M | $1.5M | $2.1M | $45K | — | — |
| 2019 | $1.7M | $1.7M | $1.8M | $41K | — | View 990 |
| 2018 | $1.7M | $1.7M | $1.7M | $41K | — | View 990 |
| 2017 | $1.6M | $1.6M | $1.8M | $42K | — | View 990 |
| 2016 | $1.6M | $1.6M | $1.8M | $41K | — | View 990 |
| 2015 | $1.6M | $1.4M | $1.7M | $41K | — | View 990 |
| 2014 | $1.5M | $1.5M | $1.6M | $39K | — | View 990 |
| 2013 | $1.5M | $1.5M | $1.6M | $43K | — | View 990 |
| 2012 | $1.5M | $1.5M | $1.6M | $40K | — | View 990 |
| 2011 | $1.5M | $1.5M | $1.5M | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.6M, and assets of $2.4M (revenue +1.3% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.6M, and assets of $2.3M (revenue +0.5% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.6M, and assets of $2.4M (revenue -2.8% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.5M, and assets of $2.1M (revenue +2.0% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $1.8M (revenue +3.9% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $1.7M (revenue +4.0% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $1.8M (revenue +1.3% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $1.8M (revenue +2.9% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.4M, and assets of $1.7M (revenue +1.2% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $1.6M (revenue +2.7% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $1.6M (revenue -1.0% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $1.6M (revenue +1.2% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faculty Association Of Suffolk Community College Benefit Fund:
Data Sources and Methodology
This transparency report for Faculty Association Of Suffolk Community College Benefit Fund 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.