Haddonfield School District Scholarship And Education Fund Inc
Haddonfield Scholarship Fund: Strong Assets, Inconsistent Revenue
EIN: 222610183 · Haddonfield, NJ · NTEE: B82 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $839K |
| Total Expenses | $189K |
| Program Spending | 90% |
| Net Assets | $3.4M |
| Transparency Score | 75/100 |
Is Haddonfield School District Scholarship And Education Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Haddonfield School District Scholarship And Education Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Haddonfield School District Scholarship And Education Fund Inc
Haddonfield School District Scholarship And Education Fund Inc (EIN: 222610183) is a nonprofit organization based in Haddonfield, NJ, classified under NTEE code B82. The organization reported total revenue of $839K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haddonfield School District Scholarship And Education Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haddonfield School District Scholarship And Education Fund Inc is a small nonprofit that has been operating for 9 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $191K |
| Total Expenses | $189K |
| Surplus / Deficit | +$2K |
| Total Assets | $3.4M |
| Net Assets | $3.4M |
| Operating Margin | 0.9% |
| Months of Reserves | 212.4 months |
Financial Health Grade: A
In 2023, Haddonfield School District Scholarship And Education Fund Inc reported a surplus of $2K with revenue exceeding expenses, holds 212.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Haddonfield School District Scholarship And Education Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.2% | -30.5% | +4.6% |
| 2022 | -51.5% | +49.7% | -12.4% |
| 2021 | +333.9% | -48.7% | +17.2% |
| 2020 | -38.9% | +93.6% | +3.8% |
| 2019 | +10.5% | +25.4% | +17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Haddonfield School District Scholarship And Education Fund 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Haddonfield School District Scholarship And Education Fund 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting that key employees may be volunteers or compensated below the reporting threshold, which is a positive indicator for a scholarship fund.
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 Haddonfield School District Scholarship And Education Fund Inc's IRS 990 filings:
- Revenue has been highly inconsistent, ranging from $122,000 in 2016 to $648,017 in 2021, making future financial planning potentially challenging.
- The organization's total expenses (x) have sometimes exceeded its revenue (r), such as in 2020 ($149,356 revenue vs. $355,225 expenses), indicating reliance on prior year surpluses or investment income.
Strengths
The following positive indicators were identified for Haddonfield School District Scholarship And Education Fund Inc:
- The fund maintains substantial assets, with $3,699,509 in 2023, providing a strong base for long-term scholarship support.
- The organization consistently reports 0% lobbying and political campaign activity, ensuring all resources are directed towards its educational purpose.
- Assets have shown consistent growth over the years, from $2,517,425 in 2016 to $3,699,509 in 2023, demonstrating sound financial management.
- The organization is located in Haddonfield, NJ, suggesting a focused local impact within the community.
Frequently Asked Questions about Haddonfield School District Scholarship And Education Fund Inc
Is Haddonfield School District Scholarship And Education Fund Inc a legitimate charity?
Haddonfield School District Scholarship And Education Fund Inc (EIN: 222610183) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $839K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Haddonfield School District Scholarship And Education Fund Inc spend its money?
Haddonfield School District Scholarship And Education Fund Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Haddonfield School District Scholarship And Education Fund Inc tax-deductible?
Haddonfield School District Scholarship And Education Fund Inc is registered as a tax-exempt nonprofit (EIN: 222610183). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Haddonfield School District Scholarship And Education Fund Inc's spending goes to programs?
Haddonfield School District Scholarship And Education Fund Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Haddonfield School District Scholarship And Education Fund Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Haddonfield School District Scholarship And Education Fund Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Haddonfield School District Scholarship And Education Fund Inc located?
Haddonfield School District Scholarship And Education Fund Inc is headquartered in Haddonfield, New Jersey and files with the IRS under EIN 222610183. It is classified under NTEE code B82.
How many years of IRS 990 filings does Haddonfield School District Scholarship And Education Fund Inc have?
Haddonfield School District Scholarship And Education Fund Inc has 13 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 $839K in total revenue.
What does Haddonfield School District Scholarship And Education Fund Inc do?
Haddonfield School District Scholarship And Education Fund Inc is a nonprofit organization in the Education sector, located in Haddonfield, New Jersey. It is classified under NTEE code B82.
How much revenue does Haddonfield School District Scholarship And Education Fund Inc have?
Haddonfield School District Scholarship And Education Fund Inc reported total revenue of $838,558. Based on 13 IRS 990 filings on record.
What are Haddonfield School District Scholarship And Education Fund Inc's total assets?
Haddonfield School District Scholarship And Education Fund Inc holds total assets of $3,699,509 as reported in IRS 990 filings.
Where is Haddonfield School District Scholarship And Education Fund Inc located?
Haddonfield School District Scholarship And Education Fund Inc is based in Haddonfield, New Jersey.
What is Haddonfield School District Scholarship And Education Fund Inc's EIN?
Haddonfield School District Scholarship And Education Fund Inc's Employer Identification Number (EIN) is 222610183. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Haddonfield School District Scholarship And Education Fund Inc?
Haddonfield School District Scholarship And Education Fund Inc is classified under NTEE code B82 (Education).
Is Haddonfield School District Scholarship And Education Fund Inc a registered 501(c)(3)?
Yes, Haddonfield School District Scholarship And Education Fund Inc is recognized as a tax-exempt organization by the IRS. EIN: 222610183.
Does Haddonfield School District Scholarship And Education Fund Inc file IRS Form 990?
Yes, Haddonfield School District Scholarship And Education Fund Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Haddonfield School District Scholarship And Education Fund Inc's revenue in 2023?
In the 202312 filing period, Haddonfield School District Scholarship And Education Fund Inc reported total revenue of $191,094, total expenses of $189,436, and net assets of $3,353,729.
Is Haddonfield School District Scholarship And Education Fund Inc's revenue growing or declining?
Haddonfield School District Scholarship And Education Fund Inc's revenue is declining. Revenue went from $314,533 (202212) to $191,094 (202312), a -39.2% change. Based on 13 filings on record.
What is Haddonfield School District Scholarship And Education Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Haddonfield School District Scholarship And Education Fund Inc covers tax period 202312. It shows revenue of $191,094, expenses of $189,436, total assets of $3,353,729, and liabilities of N/A.
How much does Haddonfield School District Scholarship And Education Fund Inc spend on programs vs administration?
Based on IRS 990 analysis, Haddonfield School District Scholarship And Education Fund Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Haddonfield School District Scholarship And Education Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Haddonfield School District Scholarship And Education Fund Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for Haddonfield School District Scholarship And Education Fund Inc?
The following concerns were identified: Revenue has been highly inconsistent, ranging from $122,000 in 2016 to $648,017 in 2021, making future financial planning potentially challenging.. The organization's total expenses (x) have sometimes exceeded its revenue (r), such as in 2020 ($149,356 revenue vs. $355,225 expenses), indicating reliance on prior year surpluses or investment income.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Haddonfield School District Scholarship And Education Fund Inc's strengths?
Positive indicators for Haddonfield School District Scholarship And Education Fund Inc include: The fund maintains substantial assets, with $3,699,509 in 2023, providing a strong base for long-term scholarship support.. The organization consistently reports 0% lobbying and political campaign activity, ensuring all resources are directed towards its educational purpose.. Assets have shown consistent growth over the years, from $2,517,425 in 2016 to $3,699,509 in 2023, demonstrating sound financial management.. The organization is located in Haddonfield, NJ, suggesting a focused local impact within the community.. These findings are derived from AI analysis of the organization's financial filings.
How does Haddonfield School District Scholarship And Education Fund Inc compensate executives?
Executive compensation is not reported in the provided data, suggesting that key employees may be volunteers or compensated below the reporting threshold, which is a positive indicator for a scholarship fund. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage its significant asset base to ensure sustainable scholarship disbursements despite fluctuating annual revenues?
Given the inconsistent annual revenues, the organization likely relies on its substantial asset base, which grew from $2,517,425 in 2016 to $3,699,509 in 2023, to generate investment income and cover expenses, especially in years where expenses ($355,225 in 2020) exceeded revenue ($149,356 in 2020).
What strategies does the Haddonfield School District Scholarship And Education Fund Inc employ to mitigate the impact of highly variable annual revenues on its ability to provide consistent scholarship support?
The organization's strategy appears to involve building and maintaining a robust asset base, which acts as an endowment. This allows them to draw from accumulated funds and investment returns to ensure scholarship continuity even when annual donations fluctuate significantly, as seen with revenue ranging from $122,000 to $648,017.
Filing History
IRS 990 filing history for Haddonfield School District Scholarship And Education Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Haddonfield School District Scholarship And Education Fund Inc's revenue has declined by 19.5%, moving from $237K to $191K. Total assets increased by 42.2% over the same period, from $2.4M to $3.4M. Total functional expenses rose by 23.1%, from $154K to $189K. In its most recent filing year (2023), Haddonfield School District Scholarship And Education Fund Inc reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $191K | $189K | $3.4M | $0 | — | — |
| 2022 | $315K | $273K | $3.2M | $0 | — | View 990 |
| 2021 | $648K | $182K | $3.7M | $0 | — | View 990 |
| 2020 | $149K | $355K | $3.1M | $0 | — | View 990 |
| 2019 | $244K | $184K | $3.0M | $0 | — | View 990 |
| 2018 | $221K | $146K | $2.6M | $0 | — | View 990 |
| 2017 | $344K | $159K | $2.7M | $0 | — | View 990 |
| 2016 | $122K | $156K | $2.5M | $0 | — | View 990 |
| 2015 | $114K | $189K | $2.5M | $0 | — | View 990 |
| 2014 | $100K | $173K | $2.6M | $0 | — | View 990 |
| 2013 | $-353,089 | $151K | $2.6M | $0 | — | View 990 |
| 2012 | $626K | $262K | $2.8M | $0 | — | View 990 |
| 2011 | $237K | $154K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $191K, expenses of $189K, and assets of $3.4M (revenue -39.2% year-over-year).
- 2022: Revenue of $315K, expenses of $273K, and assets of $3.2M (revenue -51.5% year-over-year).
- 2021: Revenue of $648K, expenses of $182K, and assets of $3.7M (revenue +333.9% year-over-year).
- 2020: Revenue of $149K, expenses of $355K, and assets of $3.1M (revenue -38.9% year-over-year).
- 2019: Revenue of $244K, expenses of $184K, and assets of $3.0M (revenue +10.5% year-over-year).
- 2018: Revenue of $221K, expenses of $146K, and assets of $2.6M (revenue -35.7% year-over-year).
- 2017: Revenue of $344K, expenses of $159K, and assets of $2.7M (revenue +182.0% year-over-year).
- 2016: Revenue of $122K, expenses of $156K, and assets of $2.5M (revenue +7.0% year-over-year).
- 2015: Revenue of $114K, expenses of $189K, and assets of $2.5M (revenue +13.7% year-over-year).
- 2014: Revenue of $100K, expenses of $173K, and assets of $2.6M.
- 2013: Revenue of $-353,089, expenses of $151K, and assets of $2.6M (revenue -156.4% year-over-year).
- 2012: Revenue of $626K, expenses of $262K, and assets of $2.8M (revenue +163.9% year-over-year).
- 2011: Revenue of $237K, expenses of $154K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haddonfield School District Scholarship And Education Fund Inc:
Data Sources and Methodology
This transparency report for Haddonfield School District Scholarship And Education Fund 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.