Jolyn Foundation Inc
Jolyn Foundation: Consistent Spending, Declining Revenue
EIN: 222758230 · Watchung, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $495K |
| Total Expenses | $280K |
| Program Spending | 70% |
| Net Assets | $1.9M |
| Transparency Score | 65/100 |
Is Jolyn Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jolyn Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Jolyn Foundation Inc
Jolyn Foundation Inc (EIN: 222758230) is a nonprofit organization based in Watchung, NJ. The organization reported total revenue of $495K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jolyn Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jolyn Foundation Inc is a small nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $280K |
| Surplus / Deficit | $-104,941 |
| Total Assets | $1.9M |
| Total Liabilities | $1 |
| Net Assets | $1.9M |
| Operating Margin | -59.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 80.5 months |
Financial Health Grade: B
In 2023, Jolyn Foundation Inc reported a deficit of $105K with expenses exceeding revenue, holds 80.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.2% | +1.9% | -5.3% |
| 2022 | +57.9% | +17.6% | -1.9% |
| 2021 | -54.3% | +5.3% | -4.0% |
| 2020 | +123.5% | -1.7% | +5.4% |
| 2019 | -41.1% | +25.6% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Jolyn Foundation Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Jolyn Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $105K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data.
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 Jolyn Foundation Inc's IRS 990 filings:
- Revenue has shown a general decline over the past few years, from $329,120 in 2020 to $175,176 in 2023.
- Expenses consistently exceed revenue in recent years, with 2023 showing $280,117 in expenses against $175,176 in revenue.
Strengths
The following positive indicators were identified for Jolyn Foundation Inc:
- Assets have remained relatively stable over the past decade, hovering around $1.8M - $2.1M.
- The organization has maintained a consistent level of assets despite fluctuating revenues and expenses.
Frequently Asked Questions about Jolyn Foundation Inc
Is Jolyn Foundation Inc a legitimate charity?
Jolyn Foundation Inc (EIN: 222758230) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $495K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Jolyn Foundation Inc spend its money?
Jolyn Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Jolyn Foundation Inc tax-deductible?
Jolyn Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222758230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jolyn Foundation Inc's spending goes to programs?
Jolyn Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Jolyn Foundation Inc located?
Jolyn Foundation Inc is headquartered in Watchung, New Jersey and files with the IRS under EIN 222758230.
How many years of IRS 990 filings does Jolyn Foundation Inc have?
Jolyn Foundation Inc has 10 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 $495K in total revenue.
What does Jolyn Foundation Inc do?
Jolyn Foundation Inc is a nonprofit organization in the Unknown sector, located in Watchung, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Jolyn Foundation Inc have?
Jolyn Foundation Inc reported total revenue of $495,021. Based on 10 IRS 990 filings on record.
What are Jolyn Foundation Inc's total assets?
Jolyn Foundation Inc holds total assets of $1,810,161 as reported in IRS 990 filings.
Where is Jolyn Foundation Inc located?
Jolyn Foundation Inc is based in Watchung, New Jersey.
What is Jolyn Foundation Inc's EIN?
Jolyn Foundation Inc's Employer Identification Number (EIN) is 222758230. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Jolyn Foundation Inc?
Jolyn Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Jolyn Foundation Inc a registered 501(c)(3)?
Jolyn Foundation Inc appears in IRS records (EIN: 222758230). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Jolyn Foundation Inc file IRS Form 990?
Yes, Jolyn Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Jolyn Foundation Inc's revenue in 2023?
In the 202312 filing period, Jolyn Foundation Inc reported total revenue of $175,176, total expenses of $280,117, and net assets of $1,879,124.
Is Jolyn Foundation Inc's revenue growing or declining?
Jolyn Foundation Inc's revenue is declining. Revenue went from $237,508 (202212) to $175,176 (202312), a -26.2% change. Based on 10 filings on record.
What is Jolyn Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Jolyn Foundation Inc covers tax period 202312. It shows revenue of $175,176, expenses of $280,117, total assets of $1,879,124, and liabilities of $1.
How much does Jolyn Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Jolyn Foundation Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Jolyn Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Jolyn Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Jolyn Foundation Inc?
The following concerns were identified: Revenue has shown a general decline over the past few years, from $329,120 in 2020 to $175,176 in 2023.. Expenses consistently exceed revenue in recent years, with 2023 showing $280,117 in expenses against $175,176 in revenue.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Jolyn Foundation Inc's strengths?
Positive indicators for Jolyn Foundation Inc include: Assets have remained relatively stable over the past decade, hovering around $1.8M - $2.1M.. The organization has maintained a consistent level of assets despite fluctuating revenues and expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does Jolyn Foundation Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent trend of expenses exceeding revenue in recent years, how is the Jolyn Foundation sustaining its operations and asset base?
The foundation appears to be drawing down its asset base to cover operational shortfalls, as indicated by the slight but consistent decrease in assets from $2,105,010 in 2020 to $1,879,124 in 2023, while expenses ($280,117 in 2023) continue to outpace revenue ($175,176 in 2023).
What is the long-term strategy for the Jolyn Foundation to address its declining revenue and ensure financial sustainability?
The provided data does not offer insights into strategic plans. However, the consistent deficit spending suggests a need for either significant revenue generation initiatives or a reduction in operational expenses to prevent further erosion of assets.
Filing History
IRS 990 filing history for Jolyn Foundation Inc showing financial trends over 10 years of public records:
Total assets decreased by 6.1% over the same period, from $2.0M to $1.9M. Total functional expenses rose by 100.3%, from $140K to $280K. In its most recent filing year (2023), Jolyn Foundation Inc reported a deficit of $105K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $280K | $1.9M | $1 | — | View 990 |
| 2022 | $238K | $275K | $2.0M | $1 | — | View 990 |
| 2021 | $150K | $234K | $2.0M | $1 | — | View 990 |
| 2020 | $329K | $222K | $2.1M | $1 | — | — |
| 2019 | $147K | $226K | $2.0M | $1 | — | View 990 |
| 2015 | $250K | $180K | $2.0M | $1 | — | View 990 |
| 2014 | $127K | $147K | $2.0M | $1 | — | View 990 |
| 2013 | $109K | $154K | $2.0M | $1 | — | View 990 |
| 2012 | $173K | $148K | $2.0M | $1 | — | View 990 |
| 2011 | $-46,365 | $140K | $2.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $280K, and assets of $1.9M (revenue -26.2% year-over-year).
- 2022: Revenue of $238K, expenses of $275K, and assets of $2.0M (revenue +57.9% year-over-year).
- 2021: Revenue of $150K, expenses of $234K, and assets of $2.0M (revenue -54.3% year-over-year).
- 2020: Revenue of $329K, expenses of $222K, and assets of $2.1M (revenue +123.5% year-over-year).
- 2019: Revenue of $147K, expenses of $226K, and assets of $2.0M (revenue -41.1% year-over-year).
- 2015: Revenue of $250K, expenses of $180K, and assets of $2.0M (revenue +97.2% year-over-year).
- 2014: Revenue of $127K, expenses of $147K, and assets of $2.0M (revenue +15.8% year-over-year).
- 2013: Revenue of $109K, expenses of $154K, and assets of $2.0M (revenue -36.7% year-over-year).
- 2012: Revenue of $173K, expenses of $148K, and assets of $2.0M.
- 2011: Revenue of $-46,365, expenses of $140K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jolyn Foundation Inc:
Data Sources and Methodology
This transparency report for Jolyn 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.