Faculty Student Association Of Nassau Community College Inc
Faculty Student Association of Nassau Community College Inc faces recent operational deficits despite consistent revenue streams.
EIN: 112338949 · Garden City, NY · NTEE: B41I · Updated: 2026-03-28
Is Faculty Student Association Of Nassau Community 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 Association Of Nassau Community College Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faculty Student Association Of Nassau Community College Inc
Faculty Student Association Of Nassau Community College Inc (EIN: 112338949) is a nonprofit organization based in Garden City, NY, classified under NTEE code B41I. The organization reported total revenue of $3.6M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faculty Student Association Of Nassau Community College Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Faculty Student Association Of Nassau Community College Inc with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Faculty Student Association Of Nassau Community College 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive salaries are either very low, covered by the college, or not reported under this specific category on the 990, which is a positive sign for resource allocation to its mission.
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 Association Of Nassau Community College Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 202308 and 202208 filings)
- Significant decline in total assets over the last two reporting periods (from $3.1M in 202108 to $1.7M in 202308)
Strengths
The following positive indicators were identified for Faculty Student Association Of Nassau Community College Inc:
- Consistent filing of IRS Form 990s, indicating good transparency practices.
- Reported 0% officer compensation, suggesting efficient use of funds at the executive level.
- Healthy asset-to-liability ratio, indicating financial stability despite recent deficits.
Frequently Asked Questions about Faculty Student Association Of Nassau Community College Inc
Is Faculty Student Association Of Nassau Community College Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Faculty Student Association Of Nassau Community College Inc (EIN: 112338949) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Faculty Student Association Of Nassau Community College Inc spend its money?
Faculty Student Association Of Nassau Community College Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Faculty Student Association Of Nassau Community College Inc tax-deductible?
Faculty Student Association Of Nassau Community College Inc is registered as a tax-exempt nonprofit (EIN: 112338949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why have expenses exceeded revenue in recent years?
The filings for 202308 and 202208 show expenses of $4,073,236 and $4,087,918 respectively, significantly higher than revenues of $3,299,736 and $3,449,470, indicating operational deficits.
What caused the decline in assets from 202108 to 202308?
Assets decreased from $3,142,669 in 202108 to $1,755,684 in 202308, likely due to the sustained period of expenses exceeding revenue.
How does the organization manage its liabilities?
Liabilities have remained relatively low and stable compared to assets, for example, $317,612 in liabilities against $1,755,684 in assets in 202308, indicating good financial control over debt.
Filing History
IRS 990 filing history for Faculty Student Association Of Nassau Community College Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Faculty Student Association Of Nassau Community College Inc's revenue has declined by 36.3%, moving from $5.2M to $3.3M. Total assets decreased by 11.1% over the same period, from $2.0M to $1.8M. Total functional expenses fell by 14.5%, from $4.8M to $4.1M. In its most recent filing year (2023), Faculty Student Association Of Nassau Community College Inc reported a deficit of $774K, with expenses exceeding revenue. The organization holds $318K in liabilities against $1.8M in assets (debt-to-asset ratio: 18.1%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $4.1M | $1.8M | $318K | — | View 990 |
| 2022 | $3.4M | $4.1M | $2.5M | $250K | — | View 990 |
| 2021 | $4.0M | $3.4M | $3.1M | $293K | — | View 990 |
| 2020 | $4.2M | $4.0M | $2.8M | $609K | — | — |
| 2019 | $4.7M | $4.8M | $2.2M | $254K | — | View 990 |
| 2018 | $5.1M | $4.7M | $2.4M | $258K | — | View 990 |
| 2017 | $4.4M | $4.5M | $1.9M | $226K | — | View 990 |
| 2016 | $4.5M | $4.6M | $2.1M | $282K | — | View 990 |
| 2015 | $4.7M | $4.7M | $2.1M | $193K | — | View 990 |
| 2014 | $4.8M | $4.7M | $2.2M | $227K | — | View 990 |
| 2013 | $4.9M | $4.8M | $2.1M | $277K | — | View 990 |
| 2012 | $5.0M | $5.0M | $2.0M | $280K | — | View 990 |
| 2011 | $5.2M | $4.8M | $2.0M | $232K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $4.1M, and assets of $1.8M (revenue -4.3% year-over-year).
- 2022: Revenue of $3.4M, expenses of $4.1M, and assets of $2.5M (revenue -14.6% year-over-year).
- 2021: Revenue of $4.0M, expenses of $3.4M, and assets of $3.1M (revenue -4.4% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.0M, and assets of $2.8M (revenue -9.3% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.8M, and assets of $2.2M (revenue -8.1% year-over-year).
- 2018: Revenue of $5.1M, expenses of $4.7M, and assets of $2.4M (revenue +15.3% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.5M, and assets of $1.9M (revenue -3.0% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.6M, and assets of $2.1M (revenue -4.1% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.7M, and assets of $2.1M (revenue -2.3% year-over-year).
- 2014: Revenue of $4.8M, expenses of $4.7M, and assets of $2.2M (revenue -1.2% year-over-year).
- 2013: Revenue of $4.9M, expenses of $4.8M, and assets of $2.1M (revenue -2.4% year-over-year).
- 2012: Revenue of $5.0M, expenses of $5.0M, and assets of $2.0M (revenue -3.2% year-over-year).
- 2011: Revenue of $5.2M, expenses of $4.8M, and assets of $2.0M.
Data Sources and Methodology
This transparency report for Faculty Student Association Of Nassau Community 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.