Garden State Arts Foundation Inc
Garden State Arts Foundation: Consistent Revenue, Declining Assets
EIN: 222543658 · Woodbridge, NJ · NTEE: A110 · Updated: 2026-04-04
About Garden State Arts Foundation Inc
Garden State Arts Foundation Inc (EIN: 222543658) is a nonprofit organization based in Woodbridge, NJ, classified under NTEE code A110. The organization reported total revenue of $1.0M and total assets of $717K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Garden State Arts Foundation 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 Garden State Arts Foundation Inc with a Mission Score of 75 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: 80%
- fundraising: 10%
According to IRS 990 filings, Garden State Arts Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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, which is unusual for an organization with over $600,000 in annual revenue and requires clarification.
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 Garden State Arts Foundation Inc's IRS 990 filings:
- Consistent reporting of 0% compensation for highest paid employees raises questions about financial transparency and potential underreporting.
- Significant decline in assets from $1,439,532 in 2021 to $1,156,336 in 2023 without a clear explanation in public filings.
- Expenses consistently exceed revenue in recent years (e.g., 2023: revenue $665,596, expenses $787,201), indicating a deficit spending trend.
Strengths
The following positive indicators were identified for Garden State Arts Foundation Inc:
- Consistent revenue generation over several years, indicating a stable donor base or funding streams.
- Long operational history (data back to 2016) suggests established presence and experience.
- Relatively low liabilities reported (e.g., $1,350 in 2023) compared to assets.
Frequently Asked Questions about Garden State Arts Foundation Inc
What does Garden State Arts Foundation Inc do?
Garden State Arts Foundation Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Woodbridge, New Jersey. It is classified under NTEE code A110.
How much revenue does Garden State Arts Foundation Inc have?
Garden State Arts Foundation Inc reported total revenue of $1,003,831. Based on 13 IRS 990 filings on record.
What are Garden State Arts Foundation Inc's total assets?
Garden State Arts Foundation Inc holds total assets of $717,475 as reported in IRS 990 filings.
Where is Garden State Arts Foundation Inc located?
Garden State Arts Foundation Inc is based in Woodbridge, New Jersey.
What is Garden State Arts Foundation Inc's EIN?
Garden State Arts Foundation Inc's Employer Identification Number (EIN) is 222543658. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Garden State Arts Foundation Inc?
Garden State Arts Foundation Inc is classified under NTEE code A110 (Arts, Culture & Humanities).
Is Garden State Arts Foundation Inc a registered 501(c)(3)?
Yes, Garden State Arts Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222543658.
Does Garden State Arts Foundation Inc file IRS Form 990?
Yes, Garden State Arts Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Garden State Arts Foundation Inc's revenue in 2023?
In the 202312 filing period, Garden State Arts Foundation Inc reported total revenue of $665,596, total expenses of $787,201, and net assets of $1,156,336.
Is Garden State Arts Foundation Inc's revenue growing or declining?
Garden State Arts Foundation Inc's revenue is growing. Revenue went from $633,224 (202212) to $665,596 (202312), a +5.1% change. Based on 13 filings on record.
What is Garden State Arts Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Garden State Arts Foundation Inc covers tax period 202312. It shows revenue of $665,596, expenses of $787,201, total assets of $1,156,336, and liabilities of $1,350.
How much does Garden State Arts Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Garden State Arts Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Garden State Arts Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Garden State Arts Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Garden State Arts Foundation Inc?
The following concerns were identified: Consistent reporting of 0% compensation for highest paid employees raises questions about financial transparency and potential underreporting.. Significant decline in assets from $1,439,532 in 2021 to $1,156,336 in 2023 without a clear explanation in public filings.. Expenses consistently exceed revenue in recent years (e.g., 2023: revenue $665,596, expenses $787,201), indicating a deficit spending trend.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Garden State Arts Foundation Inc's strengths?
Positive indicators for Garden State Arts Foundation Inc include: Consistent revenue generation over several years, indicating a stable donor base or funding streams.. Long operational history (data back to 2016) suggests established presence and experience.. Relatively low liabilities reported (e.g., $1,350 in 2023) compared to assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Garden State Arts Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with over $600,000 in annual revenue and requires clarification. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 executive compensation, how does the organization manage its leadership and operational oversight?
The consistent $0 executive compensation suggests that leadership may be entirely volunteer-based, compensated through a related entity not disclosed in these filings, or that the reporting method needs clarification to understand the true cost of management.
What factors are contributing to the sustained decline in assets despite relatively stable revenue?
The decline in assets from $1,439,532 in 2021 to $1,156,336 in 2023, coupled with expenses exceeding revenue, indicates that the organization is spending more than it earns, potentially drawing down reserves or experiencing investment losses not detailed in this summary data.
Filing History
IRS 990 filing history for Garden State Arts Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Garden State Arts Foundation Inc's revenue has declined by 22.8%, moving from $862K to $666K. Total assets decreased by 3.3% over the same period, from $1.2M to $1.2M. Total functional expenses rose by 29.6%, from $607K to $787K. In its most recent filing year (2023), Garden State Arts Foundation Inc reported a deficit of $122K, with expenses exceeding revenue. The organization holds $1K in liabilities against $1.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $666K | $787K | $1.2M | $1K | — | View 990 |
| 2022 | $633K | $795K | $1.3M | $1K | — | View 990 |
| 2021 | $612K | $356K | $1.4M | $1K | — | — |
| 2020 | $520K | $18K | $1.2M | $8K | — | View 990 |
| 2019 | $693K | $619K | $687K | $7K | — | View 990 |
| 2018 | $631K | $743K | $613K | $6K | — | View 990 |
| 2017 | $633K | $713K | $735K | $17K | — | View 990 |
| 2016 | $633K | $571K | $805K | $7K | — | View 990 |
| 2015 | $536K | $774K | $739K | $3K | — | View 990 |
| 2014 | $526K | $665K | $975K | $0 | — | View 990 |
| 2013 | $501K | $547K | $1.1M | $0 | — | View 990 |
| 2012 | $483K | $520K | $1.2M | $0 | — | View 990 |
| 2011 | $862K | $607K | $1.2M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $666K, expenses of $787K, and assets of $1.2M (revenue +5.1% year-over-year).
- 2022: Revenue of $633K, expenses of $795K, and assets of $1.3M (revenue +3.5% year-over-year).
- 2021: Revenue of $612K, expenses of $356K, and assets of $1.4M (revenue +17.7% year-over-year).
- 2020: Revenue of $520K, expenses of $18K, and assets of $1.2M (revenue -24.9% year-over-year).
- 2019: Revenue of $693K, expenses of $619K, and assets of $687K (revenue +9.7% year-over-year).
- 2018: Revenue of $631K, expenses of $743K, and assets of $613K (revenue -0.4% year-over-year).
- 2017: Revenue of $633K, expenses of $713K, and assets of $735K (revenue +0.1% year-over-year).
- 2016: Revenue of $633K, expenses of $571K, and assets of $805K (revenue +18.1% year-over-year).
- 2015: Revenue of $536K, expenses of $774K, and assets of $739K (revenue +1.9% year-over-year).
- 2014: Revenue of $526K, expenses of $665K, and assets of $975K (revenue +4.9% year-over-year).
- 2013: Revenue of $501K, expenses of $547K, and assets of $1.1M (revenue +3.8% year-over-year).
- 2012: Revenue of $483K, expenses of $520K, and assets of $1.2M (revenue -44.0% year-over-year).
- 2011: Revenue of $862K, expenses of $607K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Garden State Arts Foundation 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.