Monmouth Bar Association
Monmouth Bar Association: Consistent Revenue, High Administrative Costs
EIN: 221989232 · Freehold, NJ · Updated: 2026-04-04
About Monmouth Bar Association
Monmouth Bar Association (EIN: 221989232) is a nonprofit organization based in Freehold, NJ. The organization reported total revenue of $329K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monmouth Bar Association'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 Monmouth Bar Association 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: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Monmouth Bar Association allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not detailed in the provided data, making a specific assessment difficult. Further investigation into Form 990 filings would be necessary to determine specific amounts.
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 Monmouth Bar Association's IRS 990 filings:
- High administrative expenses relative to total expenses in some years (e.g., 201905: $183,056 total expenses, $43,961 assets, suggesting a significant portion for overhead).
- Lack of clear program spending breakdown in provided data.
- Significant drop in reported revenue and expenses in 202105 (r0, x0), which could indicate a reporting anomaly or a period of inactivity.
Strengths
The following positive indicators were identified for Monmouth Bar Association:
- Consistent revenue generation over multiple years (e.g., $134,001 in 202305, $208,482 in 202205).
- Maintains a positive asset balance, indicating financial stability.
- Long operational history with consistent filings.
Frequently Asked Questions about Monmouth Bar Association
What does Monmouth Bar Association do?
Monmouth Bar Association is a nonprofit organization in the Unknown sector, located in Freehold, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Monmouth Bar Association have?
Monmouth Bar Association reported total revenue of $328,863. Based on 11 IRS 990 filings on record.
What are Monmouth Bar Association's total assets?
Monmouth Bar Association holds total assets of $49,320 as reported in IRS 990 filings.
Where is Monmouth Bar Association located?
Monmouth Bar Association is based in Freehold, New Jersey.
What is Monmouth Bar Association's EIN?
Monmouth Bar Association's Employer Identification Number (EIN) is 221989232. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Monmouth Bar Association?
Monmouth Bar Association is classified under NTEE code Unknown (Unknown).
Is Monmouth Bar Association a registered 501(c)(3)?
Monmouth Bar Association appears in IRS records (EIN: 221989232). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Monmouth Bar Association file IRS Form 990?
Yes, Monmouth Bar Association has 11 IRS Form 990 filings on record. The most recent covers tax period 202305.
What was Monmouth Bar Association's revenue in 2023?
In the 202305 filing period, Monmouth Bar Association reported total revenue of $134,001, total expenses of $171,407, and net assets of $63,042.
Is Monmouth Bar Association's revenue growing or declining?
Monmouth Bar Association's revenue is declining. Revenue went from $208,482 (202205) to $134,001 (202305), a -35.7% change. Based on 11 filings on record.
What is Monmouth Bar Association's most recent 990 filing?
The most recent IRS Form 990 filing for Monmouth Bar Association covers tax period 202305. It shows revenue of $134,001, expenses of $171,407, total assets of $63,042, and liabilities of N/A.
How much does Monmouth Bar Association spend on programs vs administration?
Based on IRS 990 analysis, Monmouth Bar Association allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Monmouth Bar Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Monmouth Bar Association shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Monmouth Bar Association?
The following concerns were identified: High administrative expenses relative to total expenses in some years (e.g., 201905: $183,056 total expenses, $43,961 assets, suggesting a significant portion for overhead).. Lack of clear program spending breakdown in provided data.. Significant drop in reported revenue and expenses in 202105 (r0, x0), which could indicate a reporting anomaly or a period of inactivity.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Monmouth Bar Association's strengths?
Positive indicators for Monmouth Bar Association include: Consistent revenue generation over multiple years (e.g., $134,001 in 202305, $208,482 in 202205).. Maintains a positive asset balance, indicating financial stability.. Long operational history with consistent filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Monmouth Bar Association compensate executives?
Executive compensation is not detailed in the provided data, making a specific assessment difficult. Further investigation into Form 990 filings would be necessary to determine specific amounts. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'l0, c0%' in all financial entries, what specific activities or services does the Monmouth Bar Association provide to its members or the community, and how are these funded?
The 'l0, c0%' likely refers to lobbying and political campaign activities, indicating none. Without further program details, it's unclear what specific services are provided beyond general bar association functions, which are presumably funded by membership dues and event revenue.
What caused the complete absence of reported revenue and expenses in the 202105 filing, and how did the organization recover to report significant activity in subsequent years?
The 202105 filing showing r0 and x0 is an anomaly. This could be due to a filing error, a temporary cessation of reportable activities, or a change in reporting thresholds. The recovery to $208,482 revenue in 202205 suggests the issue was temporary or an error.
Filing History
IRS 990 filing history for Monmouth Bar Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Monmouth Bar Association's revenue has declined by 2.9%, moving from $138K to $134K. Total assets decreased by 32.4% over the same period, from $93K to $63K. Total functional expenses rose by 13.2%, from $151K to $171K. In its most recent filing year (2023), Monmouth Bar Association reported a deficit of $37K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $134K | $171K | $63K | $0 | — | — |
| 2022 | $208K | $176K | $100K | $0 | — | View 990 |
| 2021 | $0 | $0 | $1 | $0 | — | View 990 |
| 2019 | $169K | $183K | $44K | $0 | — | View 990 |
| 2018 | $187K | $183K | $58K | $0 | — | View 990 |
| 2017 | $166K | $179K | $54K | $0 | — | View 990 |
| 2016 | $222K | $238K | $66K | $0 | — | View 990 |
| 2015 | $186K | $182K | $83K | $0 | — | View 990 |
| 2014 | $158K | $158K | $82K | $3K | — | View 990 |
| 2012 | $139K | $144K | $84K | $3K | — | View 990 |
| 2011 | $138K | $151K | $93K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $134K, expenses of $171K, and assets of $63K (revenue -35.7% year-over-year).
- 2022: Revenue of $208K, expenses of $176K, and assets of $100K.
- 2021: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2019: Revenue of $169K, expenses of $183K, and assets of $44K (revenue -9.7% year-over-year).
- 2018: Revenue of $187K, expenses of $183K, and assets of $58K (revenue +12.8% year-over-year).
- 2017: Revenue of $166K, expenses of $179K, and assets of $54K (revenue -25.2% year-over-year).
- 2016: Revenue of $222K, expenses of $238K, and assets of $66K (revenue +19.2% year-over-year).
- 2015: Revenue of $186K, expenses of $182K, and assets of $83K (revenue +17.8% year-over-year).
- 2014: Revenue of $158K, expenses of $158K, and assets of $82K (revenue +13.5% year-over-year).
- 2012: Revenue of $139K, expenses of $144K, and assets of $84K (revenue +0.7% year-over-year).
- 2011: Revenue of $138K, expenses of $151K, and assets of $93K.
Data Sources and Methodology
This transparency report for Monmouth Bar Association 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.