Kean University Foundation Inc
Kean University Foundation: Strong Asset Growth, Moderate Program Spending
EIN: 222849480 · Union, NJ · NTEE: B110 · Updated: 2026-04-04
About Kean University Foundation Inc
Kean University Foundation Inc (EIN: 222849480) is a nonprofit organization based in Union, NJ, classified under NTEE code B110. The organization reported total revenue of $31.8M and total assets of $111.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kean University 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 Kean University 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Kean University Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation details are not provided in the given data, preventing a specific assessment.
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 Kean University Foundation Inc:
- Consistent growth in assets, from $41.8M in 2018 to $102.4M in 2023, indicating strong financial health.
- Significant revenue in 2020 ($39.8M) suggests successful fundraising or major contributions in that period.
- Low reported lobbying expenses (0%) across all years suggests a focus on direct mission activities rather than political influence.
Frequently Asked Questions about Kean University Foundation Inc
What does Kean University Foundation Inc do?
Kean University Foundation Inc is a nonprofit organization in the Education sector, located in Union, New Jersey. It is classified under NTEE code B110.
How much revenue does Kean University Foundation Inc have?
Kean University Foundation Inc reported total revenue of $31,775,693. Based on 13 IRS 990 filings on record.
What are Kean University Foundation Inc's total assets?
Kean University Foundation Inc holds total assets of $111,099,096 as reported in IRS 990 filings.
Where is Kean University Foundation Inc located?
Kean University Foundation Inc is based in Union, New Jersey.
What is Kean University Foundation Inc's EIN?
Kean University Foundation Inc's Employer Identification Number (EIN) is 222849480. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Kean University Foundation Inc?
Kean University Foundation Inc is classified under NTEE code B110 (Education).
Is Kean University Foundation Inc a registered 501(c)(3)?
Yes, Kean University Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222849480.
Does Kean University Foundation Inc file IRS Form 990?
Yes, Kean University Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Kean University Foundation Inc's revenue in 2023?
In the 202306 filing period, Kean University Foundation Inc reported total revenue of $10,085,812, total expenses of $8,433,241, and net assets of $102,482,697.
Is Kean University Foundation Inc's revenue growing or declining?
Kean University Foundation Inc's revenue is declining. Revenue went from $11,069,195 (202206) to $10,085,812 (202306), a -8.9% change. Based on 13 filings on record.
What is Kean University Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Kean University Foundation Inc covers tax period 202306. It shows revenue of $10,085,812, expenses of $8,433,241, total assets of $102,482,697, and liabilities of $1,621,918.
How much does Kean University Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Kean University 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 Kean University Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Kean University Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Kean University Foundation Inc's strengths?
Positive indicators for Kean University Foundation Inc include: Consistent growth in assets, from $41.8M in 2018 to $102.4M in 2023, indicating strong financial health.. Significant revenue in 2020 ($39.8M) suggests successful fundraising or major contributions in that period.. Low reported lobbying expenses (0%) across all years suggests a focus on direct mission activities rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Kean University Foundation Inc compensate executives?
Executive compensation details are not provided in the given data, preventing a specific assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial revenue spike in 2020 to $39,897,638, given the typical revenue range of $5-11M in other years?
The provided data does not specify the exact nature of the 2020 revenue spike, but it could indicate a major capital campaign, a large one-time donation, or a significant grant received in that fiscal year.
How does the foundation ensure its administrative and fundraising expenses remain efficient given the significant increase in assets over the past five years?
While the provided data shows overall expenses, a more detailed breakdown of administrative and fundraising costs relative to asset growth would be needed to fully assess efficiency. The current data suggests a reasonable balance, but specific cost-to-asset ratios are not calculable from this dataset.
Filing History
IRS 990 filing history for Kean University Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kean University Foundation Inc's revenue has grown by 51.3%, moving from $6.7M to $10.1M. Total assets increased by 112.8% over the same period, from $48.2M to $102.5M. Total functional expenses rose by 125.5%, from $3.7M to $8.4M. In its most recent filing year (2023), Kean University Foundation Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $102.5M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $100.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.1M | $8.4M | $102.5M | $1.6M | — | — |
| 2022 | $11.1M | $5.2M | $95.9M | $1.2M | — | View 990 |
| 2021 | $7.6M | $4.3M | $104.2M | $1.5M | — | — |
| 2020 | $39.9M | $3.2M | $87.1M | $1.6M | — | View 990 |
| 2019 | $10.6M | $2.6M | $50.5M | $2.1M | — | View 990 |
| 2018 | $6.5M | $6.3M | $41.9M | $1.9M | — | View 990 |
| 2017 | $8.9M | $4.1M | $59.2M | $19.1M | — | View 990 |
| 2016 | $5.3M | $4.6M | $55.5M | $20.2M | — | View 990 |
| 2015 | $5.7M | $4.4M | $56.1M | $21.5M | — | View 990 |
| 2014 | $7.7M | $3.9M | $56.8M | $23.5M | — | View 990 |
| 2013 | $6.4M | $2.7M | $53.7M | $24.2M | — | View 990 |
| 2012 | $4.5M | $3.2M | $50.6M | $24.8M | — | View 990 |
| 2011 | $6.7M | $3.7M | $48.2M | $23.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.1M, expenses of $8.4M, and assets of $102.5M (revenue -8.9% year-over-year).
- 2022: Revenue of $11.1M, expenses of $5.2M, and assets of $95.9M (revenue +45.3% year-over-year).
- 2021: Revenue of $7.6M, expenses of $4.3M, and assets of $104.2M (revenue -80.9% year-over-year).
- 2020: Revenue of $39.9M, expenses of $3.2M, and assets of $87.1M (revenue +274.6% year-over-year).
- 2019: Revenue of $10.6M, expenses of $2.6M, and assets of $50.5M (revenue +64.2% year-over-year).
- 2018: Revenue of $6.5M, expenses of $6.3M, and assets of $41.9M (revenue -27.1% year-over-year).
- 2017: Revenue of $8.9M, expenses of $4.1M, and assets of $59.2M (revenue +66.4% year-over-year).
- 2016: Revenue of $5.3M, expenses of $4.6M, and assets of $55.5M (revenue -6.8% year-over-year).
- 2015: Revenue of $5.7M, expenses of $4.4M, and assets of $56.1M (revenue -25.6% year-over-year).
- 2014: Revenue of $7.7M, expenses of $3.9M, and assets of $56.8M (revenue +21.4% year-over-year).
- 2013: Revenue of $6.4M, expenses of $2.7M, and assets of $53.7M (revenue +41.7% year-over-year).
- 2012: Revenue of $4.5M, expenses of $3.2M, and assets of $50.6M (revenue -32.7% year-over-year).
- 2011: Revenue of $6.7M, expenses of $3.7M, and assets of $48.2M.
Data Sources and Methodology
This transparency report for Kean University 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.