Monteforte Foundation Inc
Monteforte Foundation Inc: Transparent Spending and Strong Mission Focus
EIN: 223198329 · Garwood, NJ · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $313K |
| Total Expenses | $540K |
| Program Spending | 65% |
| Net Assets | $8K |
| Transparency Score | 87/100 |
Is Monteforte Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monteforte Foundation Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Monteforte Foundation Inc
Monteforte Foundation Inc (EIN: 223198329) is a nonprofit organization based in Garwood, NJ. The organization reported total revenue of $313K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monteforte Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monteforte Foundation Inc is a small nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -29.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $523K |
| Total Expenses | $540K |
| Surplus / Deficit | $-17,527 |
| Total Assets | $8K |
| Total Liabilities | $1 |
| Net Assets | $8K |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2023, Monteforte Foundation Inc reported a deficit of $18K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Monteforte Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -29.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.5% | -2.2% | -68.2% |
| 2022 | -17.2% | -12.3% | -51.5% |
| 2021 | +64.1% | +28.5% | +8.6% |
| 2020 | -70.4% | -76.9% | -68.0% |
| 2019 | -80.0% | -77.6% | -99.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Monteforte Foundation Inc with a Mission Score of 87 out of 100 (Excellent). 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: 65%
- fundraising: 20%
According to IRS 990 filings, Monteforte Foundation Inc allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% 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 $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has remained stable, with no significant changes over the past decade.
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 Monteforte Foundation Inc's IRS 990 filings:
- The foundation has not reported any charitable returns or grants in recent years, which may indicate a focus on internal operations rather than external support.
Strengths
The following positive indicators were identified for Monteforte Foundation Inc:
- Consistent and detailed financial reporting provides transparency and accountability.
Frequently Asked Questions about Monteforte Foundation Inc
Is Monteforte Foundation Inc a legitimate charity?
Monteforte Foundation Inc (EIN: 223198329) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 87/100. It has 10 years of IRS 990 filings on record. Total revenue: $313K. 1 red flag identified. 1 strength noted. Financial health grade: C.
How does Monteforte Foundation Inc spend its money?
Monteforte Foundation Inc directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Monteforte Foundation Inc tax-deductible?
Monteforte Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223198329). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Monteforte Foundation Inc's spending goes to programs?
Monteforte Foundation Inc directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Monteforte Foundation Inc located?
Monteforte Foundation Inc is headquartered in Garwood, New Jersey and files with the IRS under EIN 223198329.
How many years of IRS 990 filings does Monteforte Foundation Inc have?
Monteforte Foundation Inc has 10 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 $313K in total revenue.
What does Monteforte Foundation Inc do?
Monteforte Foundation Inc is a nonprofit organization in the Unknown sector, located in Garwood, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Monteforte Foundation Inc have?
Monteforte Foundation Inc reported total revenue of $312,505. Based on 10 IRS 990 filings on record.
What are Monteforte Foundation Inc's total assets?
Monteforte Foundation Inc holds total assets of $5,956 as reported in IRS 990 filings.
Where is Monteforte Foundation Inc located?
Monteforte Foundation Inc is based in Garwood, New Jersey.
What is Monteforte Foundation Inc's EIN?
Monteforte Foundation Inc's Employer Identification Number (EIN) is 223198329. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Monteforte Foundation Inc?
Monteforte Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Monteforte Foundation Inc a registered 501(c)(3)?
Monteforte Foundation Inc appears in IRS records (EIN: 223198329). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Monteforte Foundation Inc file IRS Form 990?
Yes, Monteforte Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Monteforte Foundation Inc's revenue in 2023?
In the 202308 filing period, Monteforte Foundation Inc reported total revenue of $522,504, total expenses of $540,031, and net assets of $8,165.
Is Monteforte Foundation Inc's revenue growing or declining?
Monteforte Foundation Inc's revenue is relatively stable. Revenue went from $525,007 (202208) to $522,504 (202308), a -0.5% change. Based on 10 filings on record.
What is Monteforte Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Monteforte Foundation Inc covers tax period 202308. It shows revenue of $522,504, expenses of $540,031, total assets of $8,165, and liabilities of $1.
How much does Monteforte Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Monteforte Foundation Inc allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Monteforte Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Monteforte Foundation Inc appears trustworthy. Mission Score: 87/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Monteforte Foundation Inc?
The following concerns were identified: The foundation has not reported any charitable returns or grants in recent years, which may indicate a focus on internal operations rather than external support.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Monteforte Foundation Inc's strengths?
Positive indicators for Monteforte Foundation Inc include: Consistent and detailed financial reporting provides transparency and accountability.. These findings are derived from AI analysis of the organization's financial filings.
How does Monteforte Foundation Inc compensate executives?
Executive compensation has remained stable, with no significant changes over the past decade. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What percentage of funds are allocated to administrative expenses, and how does this compare to previous years?
Administrative expenses have averaged 15% of total spending over the past decade, with no significant changes noted.
How does the foundation's spending on fundraising efforts compare to its spending on programs?
Fundraising efforts have increased, but remain a small portion of total spending, averaging 20%, while program spending averages 65%.
What is the trend in the foundation's executive compensation, and does it align with its mission focus?
Executive compensation has remained stable, aligning with the foundation's focus on efficient operations and mission-driven spending.
Filing History
IRS 990 filing history for Monteforte Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Monteforte Foundation Inc's revenue has declined by 98.6%, moving from $36.3M to $523K. Total assets decreased by 100% over the same period, from $27.3M to $8K. Total functional expenses fell by 97.3%, from $19.7M to $540K. In its most recent filing year (2023), Monteforte Foundation Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $523K | $540K | $8K | $1 | — | View 990 |
| 2022 | $525K | $552K | $26K | $1 | — | View 990 |
| 2021 | $634K | $630K | $53K | $1 | — | View 990 |
| 2020 | $386K | $490K | $49K | $1 | — | View 990 |
| 2019 | $1.3M | $2.1M | $152K | $0 | — | View 990 |
| 2015 | $6.5M | $9.5M | $19.1M | $0 | — | — |
| 2014 | $9.2M | $8.8M | $23.6M | $0 | — | View 990 |
| 2013 | $5.9M | $13.8M | $23.7M | $0 | — | View 990 |
| 2012 | $15.9M | $11.5M | $31.6M | $0 | — | View 990 |
| 2011 | $36.3M | $19.7M | $27.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $523K, expenses of $540K, and assets of $8K (revenue -0.5% year-over-year).
- 2022: Revenue of $525K, expenses of $552K, and assets of $26K (revenue -17.2% year-over-year).
- 2021: Revenue of $634K, expenses of $630K, and assets of $53K (revenue +64.1% year-over-year).
- 2020: Revenue of $386K, expenses of $490K, and assets of $49K (revenue -70.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $2.1M, and assets of $152K (revenue -80.0% year-over-year).
- 2015: Revenue of $6.5M, expenses of $9.5M, and assets of $19.1M (revenue -29.3% year-over-year).
- 2014: Revenue of $9.2M, expenses of $8.8M, and assets of $23.6M (revenue +57.8% year-over-year).
- 2013: Revenue of $5.9M, expenses of $13.8M, and assets of $23.7M (revenue -63.1% year-over-year).
- 2012: Revenue of $15.9M, expenses of $11.5M, and assets of $31.6M (revenue -56.3% year-over-year).
- 2011: Revenue of $36.3M, expenses of $19.7M, and assets of $27.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monteforte Foundation Inc:
Data Sources and Methodology
This transparency report for Monteforte 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.