Monmouth Ocean Development Council
Monmouth Ocean Development Council: Consistent Revenue, Fluctuating Expenses
EIN: 221858361 · Wall Township, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $316K |
| Total Expenses | $294K |
| Program Spending | 70% |
| Net Assets | $89K |
| Transparency Score | 75/100 |
Is Monmouth Ocean Development Council Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monmouth Ocean Development Council directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Monmouth Ocean Development Council
Monmouth Ocean Development Council (EIN: 221858361) is a nonprofit organization based in Wall Township, NJ. The organization reported total revenue of $316K and total assets of $63K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monmouth Ocean Development Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monmouth Ocean Development Council is a small nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $259K |
| Total Expenses | $294K |
| Surplus / Deficit | $-35,227 |
| Total Assets | $103K |
| Total Liabilities | $15K |
| Net Assets | $89K |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 14.2% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2023, Monmouth Ocean Development Council reported a deficit of $35K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 14.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Monmouth Ocean Development Council's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | +15.7% | -25.8% |
| 2022 | +16.1% | +138.3% | -22.0% |
| 2021 | +33.3% | -43.5% | +252.3% |
| 2020 | -33.1% | -22.5% | -20.6% |
| 2019 | +3.7% | +0.4% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 1976 |
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 Monmouth Ocean Development Council 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Monmouth Ocean Development Council allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. 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 $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.2%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives 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 Monmouth Ocean Development Council's IRS 990 filings:
- Significant fluctuation in expenses, for example, from $106,582 in 2021 to $293,827 in 2023, without clear explanation.
- Lack of detailed breakdown for program spending makes it hard to evaluate direct impact.
- Net assets have decreased from $178,123 in 2021 to $103,150 in 2023, indicating a potential decline in financial health.
Strengths
The following positive indicators were identified for Monmouth Ocean Development Council:
- Consistent revenue generation over several years, averaging around $240,000 annually.
- Maintains a positive net asset balance, indicating some financial stability.
- Low liability figures across all years, suggesting good debt management.
Frequently Asked Questions about Monmouth Ocean Development Council
Is Monmouth Ocean Development Council a legitimate charity?
Monmouth Ocean Development Council (EIN: 221858361) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $316K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Monmouth Ocean Development Council spend its money?
Monmouth Ocean Development Council directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Monmouth Ocean Development Council tax-deductible?
Monmouth Ocean Development Council is registered as a tax-exempt nonprofit (EIN: 221858361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Monmouth Ocean Development Council's spending goes to programs?
Monmouth Ocean Development Council directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Monmouth Ocean Development Council located?
Monmouth Ocean Development Council is headquartered in Wall Township, New Jersey and files with the IRS under EIN 221858361.
How many years of IRS 990 filings does Monmouth Ocean Development Council have?
Monmouth Ocean Development Council has 13 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 $316K in total revenue.
What does Monmouth Ocean Development Council do?
Monmouth Ocean Development Council is a nonprofit organization in the Unknown sector, located in Wall Township, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Monmouth Ocean Development Council have?
Monmouth Ocean Development Council reported total revenue of $316,348. Based on 13 IRS 990 filings on record.
What are Monmouth Ocean Development Council's total assets?
Monmouth Ocean Development Council holds total assets of $62,721 as reported in IRS 990 filings.
Where is Monmouth Ocean Development Council located?
Monmouth Ocean Development Council is based in Wall Township, New Jersey.
What is Monmouth Ocean Development Council's EIN?
Monmouth Ocean Development Council's Employer Identification Number (EIN) is 221858361. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Monmouth Ocean Development Council?
Monmouth Ocean Development Council is classified under NTEE code Unknown (Unknown).
Is Monmouth Ocean Development Council a registered 501(c)(3)?
Monmouth Ocean Development Council appears in IRS records (EIN: 221858361). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Monmouth Ocean Development Council file IRS Form 990?
Yes, Monmouth Ocean Development Council has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Monmouth Ocean Development Council's revenue in 2023?
In the 202306 filing period, Monmouth Ocean Development Council reported total revenue of $258,600, total expenses of $293,827, and net assets of $103,150.
Is Monmouth Ocean Development Council's revenue growing or declining?
Monmouth Ocean Development Council's revenue is relatively stable. Revenue went from $254,914 (202206) to $258,600 (202306), a +1.4% change. Based on 13 filings on record.
What is Monmouth Ocean Development Council's most recent 990 filing?
The most recent IRS Form 990 filing for Monmouth Ocean Development Council covers tax period 202306. It shows revenue of $258,600, expenses of $293,827, total assets of $103,150, and liabilities of $14,609.
How much does Monmouth Ocean Development Council spend on programs vs administration?
Based on IRS 990 analysis, Monmouth Ocean Development Council allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Monmouth Ocean Development Council a trustworthy charity?
Based on AI analysis of IRS 990 data, Monmouth Ocean Development Council appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Monmouth Ocean Development Council?
The following concerns were identified: Significant fluctuation in expenses, for example, from $106,582 in 2021 to $293,827 in 2023, without clear explanation.. Lack of detailed breakdown for program spending makes it hard to evaluate direct impact.. Net assets have decreased from $178,123 in 2021 to $103,150 in 2023, indicating a potential decline in financial health.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Monmouth Ocean Development Council's strengths?
Positive indicators for Monmouth Ocean Development Council include: Consistent revenue generation over several years, averaging around $240,000 annually.. Maintains a positive net asset balance, indicating some financial stability.. Low liability figures across all years, suggesting good debt management.. These findings are derived from AI analysis of the organization's financial filings.
How does Monmouth Ocean Development Council compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives 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.
What factors contributed to the substantial increase in expenses from $106,582 in 2021 to $293,827 in 2023, and how did these expenses align with the organization's mission?
The provided data does not specify the nature of these increased expenses, making it difficult to determine if they were program-related, administrative, or fundraising, and thus their alignment with the mission is unclear.
Given the consistent revenue, what strategies are in place to reverse the trend of declining net assets from $178,123 in 2021 to $103,150 in 2023?
The provided data does not include strategic plans or financial management details that would explain efforts to address the decline in net assets.
Filing History
IRS 990 filing history for Monmouth Ocean Development Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Monmouth Ocean Development Council's revenue has grown by 14.7%, moving from $226K to $259K. Total assets increased by 82.2% over the same period, from $57K to $103K. Total functional expenses rose by 25.9%, from $233K to $294K. In its most recent filing year (2023), Monmouth Ocean Development Council reported a deficit of $35K, with expenses exceeding revenue. The organization holds $15K in liabilities against $103K in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $89K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $259K | $294K | $103K | $15K | — | — |
| 2022 | $255K | $254K | $139K | $15K | — | View 990 |
| 2021 | $219K | $107K | $178K | $55K | — | View 990 |
| 2020 | $165K | $189K | $51K | $41K | — | View 990 |
| 2019 | $246K | $243K | $64K | $30K | — | View 990 |
| 2018 | $237K | $243K | $56K | $24K | — | View 990 |
| 2017 | $255K | $247K | $53K | $17K | — | View 990 |
| 2016 | $257K | $249K | $54K | $25K | — | View 990 |
| 2015 | $250K | $250K | $40K | $19K | — | View 990 |
| 2014 | $234K | $245K | $33K | $13K | — | View 990 |
| 2013 | $236K | $241K | $42K | $10K | — | View 990 |
| 2012 | $255K | $249K | $51K | $14K | — | View 990 |
| 2011 | $226K | $233K | $57K | $65K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $259K, expenses of $294K, and assets of $103K (revenue +1.4% year-over-year).
- 2022: Revenue of $255K, expenses of $254K, and assets of $139K (revenue +16.1% year-over-year).
- 2021: Revenue of $219K, expenses of $107K, and assets of $178K (revenue +33.3% year-over-year).
- 2020: Revenue of $165K, expenses of $189K, and assets of $51K (revenue -33.1% year-over-year).
- 2019: Revenue of $246K, expenses of $243K, and assets of $64K (revenue +3.7% year-over-year).
- 2018: Revenue of $237K, expenses of $243K, and assets of $56K (revenue -7.0% year-over-year).
- 2017: Revenue of $255K, expenses of $247K, and assets of $53K (revenue -0.6% year-over-year).
- 2016: Revenue of $257K, expenses of $249K, and assets of $54K (revenue +2.6% year-over-year).
- 2015: Revenue of $250K, expenses of $250K, and assets of $40K (revenue +7.1% year-over-year).
- 2014: Revenue of $234K, expenses of $245K, and assets of $33K (revenue -0.9% year-over-year).
- 2013: Revenue of $236K, expenses of $241K, and assets of $42K (revenue -7.5% year-over-year).
- 2012: Revenue of $255K, expenses of $249K, and assets of $51K (revenue +12.9% year-over-year).
- 2011: Revenue of $226K, expenses of $233K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monmouth Ocean Development Council:
Data Sources and Methodology
This transparency report for Monmouth Ocean Development Council 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.