Fairmount Cemetery Association Of Newark And Somerset Hills A New Je
Fairmount Cemetery Association consistently grows assets and operates efficiently with no reported officer compensation.
EIN: 220900710 · Basking Ridge, NJ · NTEE: Y50Z · Updated: 2026-03-28
Is Fairmount Cemetery Association Of Newark And Somerset Hills A New Je Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fairmount Cemetery Association Of Newark And Somerset Hills A New Je directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fairmount Cemetery Association Of Newark And Somerset Hills A New Je
Fairmount Cemetery Association Of Newark And Somerset Hills A New Je (EIN: 220900710) is a nonprofit organization based in Basking Ridge, NJ, classified under NTEE code Y50Z. The organization reported total revenue of $9.6M and total assets of $68.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairmount Cemetery Association Of Newark And Somerset Hills A New Je'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 Fairmount Cemetery Association Of Newark And Somerset Hills A New Je with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Fairmount Cemetery Association Of Newark And Somerset Hills A New Je allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with nearly $69 million in assets and over $5 million in annual revenue, suggesting either volunteer leadership or compensation is reported under other expense categories, or through a related entity not detailed in these filings.
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 Fairmount Cemetery Association Of Newark And Somerset Hills A New Je's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin) in provided data makes precise efficiency analysis difficult.
- Zero reported officer compensation for an organization of this size is unusual and might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Fairmount Cemetery Association Of Newark And Somerset Hills A New Je:
- Consistent financial surplus, with revenue exceeding expenses in most periods.
- Significant and steady growth in assets, nearly doubling over the past decade to $68,933,789.
- No reported officer compensation, indicating high efficiency or volunteer leadership.
- Low liabilities relative to assets, demonstrating strong financial stability.
Frequently Asked Questions about Fairmount Cemetery Association Of Newark And Somerset Hills A New Je
Is Fairmount Cemetery Association Of Newark And Somerset Hills A New Je a legitimate charity?
Based on AI analysis of IRS 990 filings, Fairmount Cemetery Association Of Newark And Somerset Hills A New Je (EIN: 220900710) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Fairmount Cemetery Association Of Newark And Somerset Hills A New Je spend its money?
Fairmount Cemetery Association Of Newark And Somerset Hills A New Je directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fairmount Cemetery Association Of Newark And Somerset Hills A New Je tax-deductible?
Fairmount Cemetery Association Of Newark And Somerset Hills A New Je is registered as a tax-exempt nonprofit (EIN: 220900710). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fairmount Cemetery Association Of Newark And Somerset Hills A New Je a good charity?
Based on the available IRS 990 data, the organization appears to be financially sound, with consistent asset growth and a healthy surplus. The absence of reported officer compensation is a significant positive indicator of efficiency and mission focus. However, without a detailed breakdown of program vs. administrative expenses, a definitive 'good charity' assessment is challenging, though the overall financial health is strong.
How does the organization manage its expenses?
The organization consistently manages its expenses below its revenue, leading to a surplus in most years. For example, in the 202401 period, expenses were $4,520,468 against revenues of $5,242,815. This indicates prudent financial management and an ability to build reserves, as evidenced by the steady increase in assets over time.
What is the trend in the organization's assets?
The organization shows a strong upward trend in assets, growing from $33,992,209 in 2015 to $68,933,789 currently. This nearly doubling of assets over a decade demonstrates significant financial growth and accumulation of resources, suggesting effective long-term financial stewardship.
Filing History
IRS 990 filing history for Fairmount Cemetery Association Of Newark And Somerset Hills A New Je showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Fairmount Cemetery Association Of Newark And Somerset Hills A New Je's revenue has grown by 38.2%, moving from $3.8M to $5.2M. Total assets increased by 117.2% over the same period, from $27.4M to $59.5M. Total functional expenses rose by 9%, from $4.1M to $4.5M. In its most recent filing year (2024), Fairmount Cemetery Association Of Newark And Somerset Hills A New Je reported a surplus of $722K, with revenue exceeding expenses. The organization holds $823K in liabilities against $59.5M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $58.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $5.2M | $4.5M | $59.5M | $823K | — | View 990 |
| 2023 | $5.2M | $4.6M | $54.1M | $935K | — | — |
| 2022 | $6.7M | $4.8M | $58.0M | $838K | — | View 990 |
| 2021 | $5.2M | $4.1M | $51.8M | $746K | — | — |
| 2020 | $3.9M | $3.4M | $46.1M | $655K | — | View 990 |
| 2019 | $3.8M | $3.5M | $40.9M | $670K | — | View 990 |
| 2018 | $3.6M | $3.6M | $43.4M | $893K | — | View 990 |
| 2017 | $8.0M | $3.2M | $37.5M | $812K | — | View 990 |
| 2016 | $4.1M | $3.4M | $33.2M | $688K | — | View 990 |
| 2015 | $4.8M | $3.2M | $34.0M | $341K | — | View 990 |
| 2014 | $4.6M | $3.1M | $31.4M | $368K | — | View 990 |
| 2013 | $4.5M | $3.9M | $29.3M | $407K | — | View 990 |
| 2012 | $3.8M | $4.1M | $27.4M | $526K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.2M, expenses of $4.5M, and assets of $59.5M (revenue +0.3% year-over-year).
- 2023: Revenue of $5.2M, expenses of $4.6M, and assets of $54.1M (revenue -22.1% year-over-year).
- 2022: Revenue of $6.7M, expenses of $4.8M, and assets of $58.0M (revenue +29.8% year-over-year).
- 2021: Revenue of $5.2M, expenses of $4.1M, and assets of $51.8M (revenue +31.8% year-over-year).
- 2020: Revenue of $3.9M, expenses of $3.4M, and assets of $46.1M (revenue +2.1% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.5M, and assets of $40.9M (revenue +6.1% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.6M, and assets of $43.4M (revenue -55.0% year-over-year).
- 2017: Revenue of $8.0M, expenses of $3.2M, and assets of $37.5M (revenue +98.3% year-over-year).
- 2016: Revenue of $4.1M, expenses of $3.4M, and assets of $33.2M (revenue -15.9% year-over-year).
- 2015: Revenue of $4.8M, expenses of $3.2M, and assets of $34.0M (revenue +4.4% year-over-year).
- 2014: Revenue of $4.6M, expenses of $3.1M, and assets of $31.4M (revenue +3.7% year-over-year).
- 2013: Revenue of $4.5M, expenses of $3.9M, and assets of $29.3M (revenue +17.4% year-over-year).
- 2012: Revenue of $3.8M, expenses of $4.1M, and assets of $27.4M.
Data Sources and Methodology
This transparency report for Fairmount Cemetery Association Of Newark And Somerset Hills A New Je 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.