Greenwood Cemetery Association Of Boonton New Jersey
Greenwood Cemetery Association maintains strong asset growth and zero liabilities with fluctuating but controlled expenses.
EIN: 220963940 · Montville, NJ · Updated: 2026-03-28
Is Greenwood Cemetery Association Of Boonton New Jersey Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenwood Cemetery Association Of Boonton New Jersey directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greenwood Cemetery Association Of Boonton New Jersey
Greenwood Cemetery Association Of Boonton New Jersey (EIN: 220963940) is a nonprofit organization based in Montville, NJ. The organization reported total revenue of $1.4M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenwood Cemetery Association Of Boonton New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenwood Cemetery Association Of Boonton New Jersey is a mid-size nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $158K |
| Surplus / Deficit | +$9K |
| Total Assets | $4.8M |
| Net Assets | $4.8M |
| Operating Margin | 5.3% |
| Months of Reserves | 362.4 months |
Financial Health Grade: A
In 2023, Greenwood Cemetery Association Of Boonton New Jersey reported a surplus of $9K with revenue exceeding expenses, holds 362.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Greenwood Cemetery Association Of Boonton New Jersey's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.1% | -0.9% | +10.2% |
| 2022 | -38.7% | -41.5% | -16.3% |
| 2021 | +206.5% | +87.0% | +7.2% |
| 2020 | -73.7% | +35.9% | +12.1% |
| 2019 | +100.0% | -12.3% | +17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1970 |
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 Greenwood Cemetery Association Of Boonton New Jersey with a Mission Score of 92 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, Greenwood Cemetery Association Of Boonton New Jersey 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or compensation levels below IRS reporting thresholds, indicating high efficiency in executive overhead.
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 Greenwood Cemetery Association Of Boonton New Jersey:
- Consistent asset growth, increasing from $3.1M in 2014 to $4.7M in 2023.
- Zero reported liabilities across all 13 filings, indicating strong financial health and no debt.
- No officer compensation reported, suggesting efficient executive overhead or volunteer leadership.
- Expenses consistently managed below revenue, leading to annual surpluses.
- High transparency with 13 available IRS 990 filings.
Frequently Asked Questions about Greenwood Cemetery Association Of Boonton New Jersey
Is Greenwood Cemetery Association Of Boonton New Jersey a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenwood Cemetery Association Of Boonton New Jersey (EIN: 220963940) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Greenwood Cemetery Association Of Boonton New Jersey spend its money?
Greenwood Cemetery Association Of Boonton New Jersey directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greenwood Cemetery Association Of Boonton New Jersey tax-deductible?
Greenwood Cemetery Association Of Boonton New Jersey is registered as a tax-exempt nonprofit (EIN: 220963940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Greenwood Cemetery Association Of Boonton New Jersey a good charity?
Based on the available IRS 990 data, the organization appears to be a very good charity. It consistently maintains positive net assets, has zero reported liabilities, and shows strong financial management with expenses generally well below revenue. The absence of reported officer compensation further suggests efficient use of funds.
How does the organization manage its expenses?
The organization manages its expenses effectively, consistently operating within its revenue. For example, in 2023, expenses were $158,296 against revenues of $167,182. Even in years with higher expenses like 2021 ($272,815), revenues ($454,736) were significantly higher, indicating prudent financial control.
What is the trend in the organization's assets?
The organization's assets have shown consistent growth over the past decade, increasing from $3,127,495 in 2014 to $4,779,952 in 2023, with a peak of $5,183,190 in 2021. This indicates strong financial stewardship and accumulation of resources.
Filing History
IRS 990 filing history for Greenwood Cemetery Association Of Boonton New Jersey showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greenwood Cemetery Association Of Boonton New Jersey's revenue has grown by 70.7%, moving from $98K to $167K. Total assets increased by 233.7% over the same period, from $1.4M to $4.8M. Total functional expenses rose by 179.1%, from $57K to $158K. In its most recent filing year (2023), Greenwood Cemetery Association Of Boonton New Jersey reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $158K | $4.8M | $0 | — | — |
| 2022 | $279K | $160K | $4.3M | $0 | — | View 990 |
| 2021 | $455K | $273K | $5.2M | $0 | — | View 990 |
| 2020 | $148K | $146K | $4.8M | $0 | — | View 990 |
| 2019 | $565K | $107K | $4.3M | $0 | — | View 990 |
| 2018 | $282K | $122K | $3.7M | $0 | — | View 990 |
| 2017 | $234K | $126K | $3.9M | $0 | — | View 990 |
| 2016 | $117K | $76K | $3.4M | $0 | — | View 990 |
| 2015 | $409K | $87K | $3.2M | $0 | — | View 990 |
| 2014 | $280K | $74K | $3.1M | $0 | — | View 990 |
| 2013 | $132K | $102K | $3.1M | $0 | — | View 990 |
| 2012 | $76K | $46K | $2.5M | $3K | — | View 990 |
| 2011 | $98K | $57K | $1.4M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $158K, and assets of $4.8M (revenue -40.1% year-over-year).
- 2022: Revenue of $279K, expenses of $160K, and assets of $4.3M (revenue -38.7% year-over-year).
- 2021: Revenue of $455K, expenses of $273K, and assets of $5.2M (revenue +206.5% year-over-year).
- 2020: Revenue of $148K, expenses of $146K, and assets of $4.8M (revenue -73.7% year-over-year).
- 2019: Revenue of $565K, expenses of $107K, and assets of $4.3M (revenue +100.0% year-over-year).
- 2018: Revenue of $282K, expenses of $122K, and assets of $3.7M (revenue +20.6% year-over-year).
- 2017: Revenue of $234K, expenses of $126K, and assets of $3.9M (revenue +99.3% year-over-year).
- 2016: Revenue of $117K, expenses of $76K, and assets of $3.4M (revenue -71.3% year-over-year).
- 2015: Revenue of $409K, expenses of $87K, and assets of $3.2M (revenue +46.4% year-over-year).
- 2014: Revenue of $280K, expenses of $74K, and assets of $3.1M (revenue +112.5% year-over-year).
- 2013: Revenue of $132K, expenses of $102K, and assets of $3.1M (revenue +72.2% year-over-year).
- 2012: Revenue of $76K, expenses of $46K, and assets of $2.5M (revenue -22.0% year-over-year).
- 2011: Revenue of $98K, expenses of $57K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenwood Cemetery Association Of Boonton New Jersey:
Data Sources and Methodology
This transparency report for Greenwood Cemetery Association Of Boonton New Jersey 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.