Mongil Corporation

Mongil Corporation consistently operates at a deficit, drawing down assets despite no reported officer compensation.

EIN: 10856707 · Linden, NJ · NTEE: L22 · Updated: 2026-03-27

$896KRevenue

$13.4MAssets

65/100Mission Score (Good)

L22

About Mongil Corporation

Mongil Corporation (EIN: 10856707) is a nonprofit organization based in Linden, NJ, classified under NTEE code L22. The organization reported total revenue of $896K and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mongil Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mongil Corporation consistently reports no officer compensation, which is a positive indicator of financial transparency and a focus on mission over executive enrichment. However, the organization has consistently operated at a deficit, with expenses exceeding revenue in every reported period. For example, in 2023, expenses were $1,196,169 against revenues of $862,012, resulting in a deficit of over $334,000. This trend of spending more than it earns is a significant concern for long-term financial health, as it has led to a steady decline in assets from $17,171,328 in 2014 to $13,824,735 in 2023. While the organization maintains substantial assets, this continuous draw-down is unsustainable without a change in financial strategy.

The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. The lack of officer compensation suggests that administrative overhead might be low in that specific area, but overall efficiency remains unclear. The consistent deficits, despite substantial assets, suggest a need for improved financial management or a re-evaluation of its operational model to align expenses with revenue generation. The organization's transparency regarding executive compensation is excellent, but more detailed financial reporting on expense categories would enhance overall transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mongil Corporation 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, Mongil Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Mongil Corporation consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries, which is highly commendable for an organization of its size.

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 Mongil Corporation's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue in all reported periods)
Steady decline in total assets over the past decade (from $17.1M in 2014 to $13.8M in 2023)
Lack of detailed expense breakdown (program, admin, fundraising) in provided data

Strengths

The following positive indicators were identified for Mongil Corporation:

No reported officer compensation, indicating strong financial transparency and mission focus
Substantial asset base ($13.8 million in 2023) providing a buffer despite deficits
Consistent filing history (13 filings) demonstrating compliance

Frequently Asked Questions about Mongil Corporation

Is Mongil Corporation financially sustainable?

Based on the provided data, Mongil Corporation is not financially sustainable in its current operational model, as it has consistently spent more than its revenue for at least the past decade, leading to a steady decline in assets.

What is the primary reason for the decline in assets?

The primary reason for the decline in assets is the consistent operational deficit, where annual expenses have exceeded annual revenues in every reported period, such as a $334,157 deficit in 2023.

How does Mongil Corporation fund its operations given the deficits?

Mongil Corporation appears to be funding its operational deficits by drawing down its substantial asset base, which has decreased from over $17 million in 2014 to $13.8 million in 2023.

Does Mongil Corporation have high administrative costs?

While specific administrative cost breakdowns are not provided, the consistent reporting of 0% officer compensation suggests that executive salaries are not contributing to high administrative overhead. However, overall administrative efficiency cannot be fully determined without more detailed expense categories.

Filing History

IRS 990 filing history for Mongil Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mongil Corporation's revenue has declined by 1.9%, moving from $879K to $862K. Total assets decreased by 24.7% over the same period, from $18.4M to $13.8M. Total functional expenses rose by 13.3%, from $1.1M to $1.2M. In its most recent filing year (2023), Mongil Corporation reported a deficit of $334K, with expenses exceeding revenue. The organization holds $134K in liabilities against $13.8M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $13.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$862K	$1.2M	$13.8M	$134K	—	View 990
2022	$871K	$1.3M	$14.1M	$108K	—	View 990
2021	$767K	$1.2M	$14.5M	$99K	—	View 990
2020	$773K	$1.2M	$14.9M	$82K	—	View 990
2019	$773K	$1.1M	$15.3M	$81K	—	View 990
2018	$765K	$1.1M	$15.7M	$102K	—	View 990
2017	$822K	$1.2M	$16.2M	$672K	—	View 990
2016	$796K	$1.2M	$16.4M	$516K	—	View 990
2015	$768K	$1.2M	$16.8M	$150K	—	View 990
2014	$958K	$1.3M	$17.2M	$117K	—	View 990
2013	$701K	$1.1M	$17.6M	$178K	—	View 990
2012	$703K	$1.2M	$17.9M	$70K	—	View 990
2011	$879K	$1.1M	$18.4M	$63K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $862K, expenses of $1.2M, and assets of $13.8M (revenue -1.0% year-over-year).
2022: Revenue of $871K, expenses of $1.3M, and assets of $14.1M (revenue +13.5% year-over-year).
2021: Revenue of $767K, expenses of $1.2M, and assets of $14.5M (revenue -0.7% year-over-year).
2020: Revenue of $773K, expenses of $1.2M, and assets of $14.9M (revenue -0.1% year-over-year).
2019: Revenue of $773K, expenses of $1.1M, and assets of $15.3M (revenue +1.0% year-over-year).
2018: Revenue of $765K, expenses of $1.1M, and assets of $15.7M (revenue -6.9% year-over-year).
2017: Revenue of $822K, expenses of $1.2M, and assets of $16.2M (revenue +3.3% year-over-year).
2016: Revenue of $796K, expenses of $1.2M, and assets of $16.4M (revenue +3.6% year-over-year).
2015: Revenue of $768K, expenses of $1.2M, and assets of $16.8M (revenue -19.8% year-over-year).
2014: Revenue of $958K, expenses of $1.3M, and assets of $17.2M (revenue +36.8% year-over-year).
2013: Revenue of $701K, expenses of $1.1M, and assets of $17.6M (revenue -0.4% year-over-year).
2012: Revenue of $703K, expenses of $1.2M, and assets of $17.9M (revenue -19.9% year-over-year).
2011: Revenue of $879K, expenses of $1.1M, and assets of $18.4M.

Data Sources and Methodology

This transparency report for Mongil Corporation 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.