Midland Foundation
Midland Foundation: Strong Asset Growth, but Spending Breakdown Raises Questions
EIN: 222424471 · North Branch, NJ · NTEE: B20I · Updated: 2026-04-04
Is Midland Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midland Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Midland Foundation
Midland Foundation (EIN: 222424471) is a nonprofit organization based in North Branch, NJ, classified under NTEE code B20I. The organization reported total revenue of $3.0M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midland Foundation'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 Midland Foundation 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: 60%
- fundraising: 20%
According to IRS 990 filings, Midland Foundation allocates its expenses as follows: admin: 20%, programs: 60%, fundraising: 20%. Approximately 60% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific figures for individual executives are not provided in the given 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 Midland Foundation's IRS 990 filings:
- The provided data lacks detailed breakdowns of program expenses, making it difficult to verify the effectiveness of the reported program spending.
- The 'x' value, presumably total expenses, has fluctuated significantly, from $494,104 in 2023 to $1,000,657 in 2019, without clear explanations for these variations.
Strengths
The following positive indicators were identified for Midland Foundation:
- The organization has demonstrated consistent asset growth, increasing from $1,488,121 in 2016 to $3,259,042 in 2023.
- Midland Foundation consistently maintains a healthy level of net assets, indicating financial stability.
- The organization has consistently reported zero lobbying costs, suggesting a focus on direct charitable activities rather than political influence.
Frequently Asked Questions about Midland Foundation
Is Midland Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Midland Foundation (EIN: 222424471) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Midland Foundation spend its money?
Midland Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Midland Foundation tax-deductible?
Midland Foundation is registered as a tax-exempt nonprofit (EIN: 222424471). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Midland Foundation do?
Midland Foundation is a nonprofit organization in the Education sector, located in North Branch, New Jersey. It is classified under NTEE code B20I.
How much revenue does Midland Foundation have?
Midland Foundation reported total revenue of $3,003,469. Based on 13 IRS 990 filings on record.
What are Midland Foundation's total assets?
Midland Foundation holds total assets of $3,259,042 as reported in IRS 990 filings.
Where is Midland Foundation located?
Midland Foundation is based in North Branch, New Jersey.
What is Midland Foundation's EIN?
Midland Foundation's Employer Identification Number (EIN) is 222424471. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Midland Foundation?
Midland Foundation is classified under NTEE code B20I (Education).
Is Midland Foundation a registered 501(c)(3)?
Yes, Midland Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222424471.
Does Midland Foundation file IRS Form 990?
Yes, Midland Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Midland Foundation's revenue in 2023?
In the 202306 filing period, Midland Foundation reported total revenue of $789,362, total expenses of $494,104, and net assets of $2,913,384.
Is Midland Foundation's revenue growing or declining?
Midland Foundation's revenue is growing. Revenue went from $665,803 (202206) to $789,362 (202306), a +18.6% change. Based on 13 filings on record.
What is Midland Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Midland Foundation covers tax period 202306. It shows revenue of $789,362, expenses of $494,104, total assets of $2,913,384, and liabilities of $194,473.
How much does Midland Foundation spend on programs vs administration?
Based on IRS 990 analysis, Midland Foundation allocates approximately 60% of expenses to program services, 20% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Midland Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Midland Foundation shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Midland Foundation?
The following concerns were identified: The provided data lacks detailed breakdowns of program expenses, making it difficult to verify the effectiveness of the reported program spending.. The 'x' value, presumably total expenses, has fluctuated significantly, from $494,104 in 2023 to $1,000,657 in 2019, without clear explanations for these variations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Midland Foundation's strengths?
Positive indicators for Midland Foundation include: The organization has demonstrated consistent asset growth, increasing from $1,488,121 in 2016 to $3,259,042 in 2023.. Midland Foundation consistently maintains a healthy level of net assets, indicating financial stability.. The organization has consistently reported zero lobbying costs, suggesting a focus on direct charitable activities rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Midland Foundation compensate executives?
Executive compensation cannot be assessed as specific figures for individual executives are not provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant fluctuations in total expenses ('x') over the years, what are the primary drivers behind these changes, and how do they align with the organization's mission?
Without more detailed financial statements, it's challenging to pinpoint the exact drivers. Potential factors could include varying program initiatives, one-time capital expenditures, or changes in administrative overhead. A deeper dive into the specific line items within the expense categories would be necessary to understand the alignment with the mission.
How does Midland Foundation ensure that its program spending, estimated at 60%, is effectively reaching its beneficiaries and achieving its stated goals, given the lack of detailed program expense breakdowns?
To answer this, one would need to review program reports, impact assessments, and potentially interview program managers. The current data only provides a high-level percentage, not the qualitative or quantitative outcomes of the programs themselves. Transparency in program reporting would significantly enhance this assessment.
Filing History
IRS 990 filing history for Midland Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midland Foundation's revenue has grown by 63.2%, moving from $484K to $789K. Total assets increased by 117% over the same period, from $1.3M to $2.9M. Total functional expenses rose by 1.7%, from $486K to $494K. In its most recent filing year (2023), Midland Foundation reported a surplus of $295K, with revenue exceeding expenses. The organization holds $194K in liabilities against $2.9M in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $789K | $494K | $2.9M | $194K | — | — |
| 2022 | $666K | $660K | $2.6M | $338K | — | View 990 |
| 2021 | $679K | $591K | $2.9M | $254K | — | View 990 |
| 2020 | $759K | $638K | $2.6M | $272K | — | View 990 |
| 2019 | $1.5M | $1.0M | $2.8M | $561K | — | View 990 |
| 2018 | $655K | $765K | $2.2M | $334K | — | View 990 |
| 2017 | $1.3M | $616K | $2.2M | $304K | — | — |
| 2016 | $681K | $527K | $1.5M | $302K | — | View 990 |
| 2015 | $570K | $635K | $1.4M | $277K | — | View 990 |
| 2014 | $623K | $612K | $1.5M | $261K | — | View 990 |
| 2013 | $645K | $659K | $1.5M | $312K | — | View 990 |
| 2012 | $528K | $629K | $1.3M | $223K | — | View 990 |
| 2011 | $484K | $486K | $1.3M | $143K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $789K, expenses of $494K, and assets of $2.9M (revenue +18.6% year-over-year).
- 2022: Revenue of $666K, expenses of $660K, and assets of $2.6M (revenue -1.9% year-over-year).
- 2021: Revenue of $679K, expenses of $591K, and assets of $2.9M (revenue -10.6% year-over-year).
- 2020: Revenue of $759K, expenses of $638K, and assets of $2.6M (revenue -50.2% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.0M, and assets of $2.8M (revenue +132.6% year-over-year).
- 2018: Revenue of $655K, expenses of $765K, and assets of $2.2M (revenue -49.0% year-over-year).
- 2017: Revenue of $1.3M, expenses of $616K, and assets of $2.2M (revenue +88.6% year-over-year).
- 2016: Revenue of $681K, expenses of $527K, and assets of $1.5M (revenue +19.5% year-over-year).
- 2015: Revenue of $570K, expenses of $635K, and assets of $1.4M (revenue -8.5% year-over-year).
- 2014: Revenue of $623K, expenses of $612K, and assets of $1.5M (revenue -3.4% year-over-year).
- 2013: Revenue of $645K, expenses of $659K, and assets of $1.5M (revenue +22.2% year-over-year).
- 2012: Revenue of $528K, expenses of $629K, and assets of $1.3M (revenue +9.1% year-over-year).
- 2011: Revenue of $484K, expenses of $486K, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Midland Foundation 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.