Faculty Student Assoc Of State University Maritime College Inc
Faculty Student Association shows consistent asset growth and no reported officer compensation.
EIN: 131706303 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.2M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $3.1M |
| Transparency Score | 85/100 |
Is Faculty Student Assoc Of State University Maritime College Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faculty Student Assoc Of State University Maritime College Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faculty Student Assoc Of State University Maritime College Inc
Faculty Student Assoc Of State University Maritime College Inc (EIN: 131706303) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $11.2M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faculty Student Assoc Of State University Maritime College Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faculty Student Assoc Of State University Maritime College Inc is a large nonprofit that has been operating for 72 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$790K |
| Total Assets | $5.6M |
| Total Liabilities | $2.5M |
| Net Assets | $3.1M |
| Operating Margin | 33.9% |
| Debt-to-Asset Ratio | 45.0% |
| Months of Reserves | 44.0 months |
Financial Health Grade: A
In 2024, Faculty Student Assoc Of State University Maritime College Inc reported a surplus of $790K with revenue exceeding expenses, holds 44.0 months of operating reserves (strong position), has a debt-to-asset ratio of 45.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Faculty Student Assoc Of State University Maritime College Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +20.3% | -2.2% | +33.8% |
| 2023 | +4.6% | +13.2% | +39.0% |
| 2022 | -4.8% | +32.2% | +17.3% |
| 2021 | +111.2% | +13.0% | +191.7% |
| 2020 | +21.4% | -41.1% | -36.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1954 |
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 Student Assoc Of State University Maritime College Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Faculty Student Assoc Of State University Maritime College Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $790K, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with over $11 million in latest reported revenue and suggests a volunteer-led or externally compensated leadership structure.
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 Faculty Student Assoc Of State University Maritime College Inc's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses makes it difficult to fully assess program efficiency.
- NTEE code is unknown, which limits understanding of its specific mission area.
Strengths
The following positive indicators were identified for Faculty Student Assoc Of State University Maritime College Inc:
- Consistent asset growth, from $887,777 in 2020 to $5,645,933 in 2024, indicating strong financial management.
- 0% reported officer compensation across all filings, suggesting efficient use of funds.
- Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency.
- Positive net income in recent years (e.g., 2024: Revenue $2,329,202 vs. Expenses $1,538,896).
Frequently Asked Questions about Faculty Student Assoc Of State University Maritime College Inc
Is Faculty Student Assoc Of State University Maritime College Inc a legitimate charity?
Faculty Student Assoc Of State University Maritime College Inc (EIN: 131706303) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $11.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Faculty Student Assoc Of State University Maritime College Inc spend its money?
Faculty Student Assoc Of State University Maritime College Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Faculty Student Assoc Of State University Maritime College Inc tax-deductible?
Faculty Student Assoc Of State University Maritime College Inc is registered as a tax-exempt nonprofit (EIN: 131706303). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Faculty Student Assoc Of State University Maritime College Inc CEO make?
Faculty Student Assoc Of State University Maritime College Inc's highest-compensated officer earns $11 annually. The organization reported $11.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Faculty Student Assoc Of State University Maritime College Inc's spending goes to programs?
Faculty Student Assoc Of State University Maritime College Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Faculty Student Assoc Of State University Maritime College Inc located?
Faculty Student Assoc Of State University Maritime College Inc is headquartered in Bronx, New York and files with the IRS under EIN 131706303.
How many years of IRS 990 filings does Faculty Student Assoc Of State University Maritime College Inc have?
Faculty Student Assoc Of State University Maritime College Inc has 14 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 $11.2M in total revenue.
Is Faculty Student Assoc Of State University Maritime College Inc a good charity?
Based on the available financial data, the organization appears to be financially healthy with consistent asset growth and no reported officer compensation, which are positive indicators. However, without detailed program expense breakdowns, a full assessment of its charitable impact is limited.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with assets increasing from $887,777 in 2020 to $5,645,933 in 2024. Revenue has also generally trended upwards, from $920,336 in 2020 to $2,329,202 in 2024, indicating a strengthening financial position.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available filings, suggesting that its leadership either volunteers their time or is compensated through other means not reported as officer compensation on the 990s.
Filing History
IRS 990 filing history for Faculty Student Assoc Of State University Maritime College Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Faculty Student Assoc Of State University Maritime College Inc's revenue has grown by 4.4%, moving from $2.2M to $2.3M. Total assets decreased by 7% over the same period, from $6.1M to $5.6M. Total functional expenses fell by 14.5%, from $1.8M to $1.5M. In its most recent filing year (2024), Faculty Student Assoc Of State University Maritime College Inc reported a surplus of $790K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $5.6M in assets (debt-to-asset ratio: 45.0%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.3M | $1.5M | $5.6M | $2.5M | — | View 990 |
| 2023 | $1.9M | $1.6M | $4.2M | $1.9M | — | View 990 |
| 2022 | $1.9M | $1.4M | $3.0M | $1.1M | — | View 990 |
| 2021 | $1.9M | $1.1M | $2.6M | $1.1M | — | View 990 |
| 2020 | $920K | $930K | $888K | $289K | — | View 990 |
| 2019 | $758K | $1.6M | $1.4M | $797K | — | View 990 |
| 2018 | $1.2M | $2.0M | $1.7M | $311K | — | — |
| 2017 | $1.2M | $1.8M | $2.4M | $213K | — | View 990 |
| 2016 | $1.6M | $1.7M | $3.1M | $347K | — | View 990 |
| 2015 | $1.6M | $3.6M | $2.9M | $33K | — | View 990 |
| 2014 | $2.5M | $2.6M | $5.2M | $384K | — | View 990 |
| 2013 | $2.7M | $2.3M | $5.0M | $119K | — | View 990 |
| 2012 | $1.7M | $1.7M | $4.7M | $236K | — | View 990 |
| 2011 | $2.2M | $1.8M | $6.1M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.3M, expenses of $1.5M, and assets of $5.6M (revenue +20.3% year-over-year).
- 2023: Revenue of $1.9M, expenses of $1.6M, and assets of $4.2M (revenue +4.6% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.4M, and assets of $3.0M (revenue -4.8% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.1M, and assets of $2.6M (revenue +111.2% year-over-year).
- 2020: Revenue of $920K, expenses of $930K, and assets of $888K (revenue +21.4% year-over-year).
- 2019: Revenue of $758K, expenses of $1.6M, and assets of $1.4M (revenue -37.7% year-over-year).
- 2018: Revenue of $1.2M, expenses of $2.0M, and assets of $1.7M (revenue +2.8% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.8M, and assets of $2.4M (revenue -27.4% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.7M, and assets of $3.1M (revenue +1.0% year-over-year).
- 2015: Revenue of $1.6M, expenses of $3.6M, and assets of $2.9M (revenue -35.0% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.6M, and assets of $5.2M (revenue -7.5% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.3M, and assets of $5.0M (revenue +56.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.7M, and assets of $4.7M (revenue -23.3% year-over-year).
- 2011: Revenue of $2.2M, expenses of $1.8M, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faculty Student Assoc Of State University Maritime College Inc:
Data Sources and Methodology
This transparency report for Faculty Student Assoc Of State University Maritime College 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.