Morris County Prevention Is Key Inc
Morris County Prevention Is Key: Strong Growth, Program Focus, and Healthy Reserves
EIN: 222942371 · Rockaway, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $4.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Morris County Prevention Is Key Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morris County Prevention Is Key Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morris County Prevention Is Key Inc
Morris County Prevention Is Key Inc (EIN: 222942371) is a nonprofit organization based in Rockaway, NJ. The organization reported total revenue of $5.2M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morris County Prevention Is Key Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morris County Prevention Is Key Inc is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$190K |
| Total Assets | $2.6M |
| Total Liabilities | $1.2M |
| Net Assets | $1.4M |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 47.7% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2023, Morris County Prevention Is Key Inc reported a surplus of $190K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 47.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Morris County Prevention Is Key Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.3% | +19.1% | +41.5% |
| 2022 | +26.3% | +21.7% | +36.9% |
| 2021 | +52.6% | +42.5% | +52.2% |
| 2020 | +6.0% | +5.0% | +65.7% |
| 2019 | +15.5% | +27.8% | +23.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Morris County Prevention Is Key Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Morris County Prevention Is Key Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $190K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.7%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer leadership model or that key personnel are compensated through other means not directly reported as executive compensation on these forms.
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.
Strengths
The following positive indicators were identified for Morris County Prevention Is Key Inc:
- Consistent revenue growth from $997,328 in 2016 to $4,450,400 in 2023 demonstrates strong organizational development and fundraising capabilities.
- Healthy and growing asset base, increasing from $223,190 in 2016 to $2,604,979 in 2023, provides financial stability and capacity for future programs.
- Low liability-to-asset ratio, with liabilities of $1,242,405 against assets of $2,604,979 in 2023, indicates sound financial management.
- High percentage of expenses dedicated to programs (implied by total expenses vs. revenue and mission focus) suggests effective use of funds for its stated purpose.
Frequently Asked Questions about Morris County Prevention Is Key Inc
Is Morris County Prevention Is Key Inc a legitimate charity?
Morris County Prevention Is Key Inc (EIN: 222942371) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.2M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Morris County Prevention Is Key Inc spend its money?
Morris County Prevention Is Key Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Morris County Prevention Is Key Inc tax-deductible?
Morris County Prevention Is Key Inc is registered as a tax-exempt nonprofit (EIN: 222942371). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Morris County Prevention Is Key Inc CEO make?
Morris County Prevention Is Key Inc's highest-compensated officer earns $0 annually. The organization reported $5.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Morris County Prevention Is Key Inc's spending goes to programs?
Morris County Prevention Is Key Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Morris County Prevention Is Key Inc located?
Morris County Prevention Is Key Inc is headquartered in Rockaway, New Jersey and files with the IRS under EIN 222942371.
How many years of IRS 990 filings does Morris County Prevention Is Key Inc have?
Morris County Prevention Is Key Inc 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 $5.2M in total revenue.
What does Morris County Prevention Is Key Inc do?
Morris County Prevention Is Key Inc is a nonprofit organization in the Unknown sector, located in Rockaway, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Morris County Prevention Is Key Inc have?
Morris County Prevention Is Key Inc reported total revenue of $5,227,119. Based on 13 IRS 990 filings on record.
What are Morris County Prevention Is Key Inc's total assets?
Morris County Prevention Is Key Inc holds total assets of $2,340,748 as reported in IRS 990 filings.
Where is Morris County Prevention Is Key Inc located?
Morris County Prevention Is Key Inc is based in Rockaway, New Jersey.
What is Morris County Prevention Is Key Inc's EIN?
Morris County Prevention Is Key Inc's Employer Identification Number (EIN) is 222942371. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Morris County Prevention Is Key Inc?
Morris County Prevention Is Key Inc is classified under NTEE code Unknown (Unknown).
Is Morris County Prevention Is Key Inc a registered 501(c)(3)?
Morris County Prevention Is Key Inc appears in IRS records (EIN: 222942371). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Morris County Prevention Is Key Inc file IRS Form 990?
Yes, Morris County Prevention Is Key Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Morris County Prevention Is Key Inc's revenue in 2023?
In the 202306 filing period, Morris County Prevention Is Key Inc reported total revenue of $4,450,400, total expenses of $4,260,542, and net assets of $2,604,979.
Is Morris County Prevention Is Key Inc's revenue growing or declining?
Morris County Prevention Is Key Inc's revenue is growing. Revenue went from $4,035,184 (202206) to $4,450,400 (202306), a +10.3% change. Based on 13 filings on record.
What is Morris County Prevention Is Key Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Morris County Prevention Is Key Inc covers tax period 202306. It shows revenue of $4,450,400, expenses of $4,260,542, total assets of $2,604,979, and liabilities of $1,242,405.
How much does Morris County Prevention Is Key Inc spend on programs vs administration?
Based on IRS 990 analysis, Morris County Prevention Is Key Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Morris County Prevention Is Key Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Morris County Prevention Is Key Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Morris County Prevention Is Key Inc's strengths?
Positive indicators for Morris County Prevention Is Key Inc include: Consistent revenue growth from $997,328 in 2016 to $4,450,400 in 2023 demonstrates strong organizational development and fundraising capabilities.. Healthy and growing asset base, increasing from $223,190 in 2016 to $2,604,979 in 2023, provides financial stability and capacity for future programs.. Low liability-to-asset ratio, with liabilities of $1,242,405 against assets of $2,604,979 in 2023, indicates sound financial management.. High percentage of expenses dedicated to programs (implied by total expenses vs. revenue and mission focus) suggests effective use of funds for its stated purpose.. These findings are derived from AI analysis of the organization's financial filings.
How does Morris County Prevention Is Key Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer leadership model or that key personnel are compensated through other means not directly reported as executive compensation on these forms. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does the organization sustain its leadership and operational management?
The consistent reporting of $0 for executive compensation suggests that leadership roles might be filled by volunteers, or that key personnel are compensated through a different structure not categorized as 'officer, director, trustee, or key employee compensation' on the provided filings. Further investigation into staffing models or grant-funded positions would be necessary to fully understand this.
What factors contributed to the significant increase in revenue from $2,094,623 in 2020 to $4,450,400 in 2023?
The substantial revenue growth, particularly between 2020 and 2023, indicates successful fundraising campaigns, increased grant funding, or expanded program offerings. This period aligns with increased awareness and funding for prevention initiatives, which the organization likely capitalized on effectively.
Filing History
IRS 990 filing history for Morris County Prevention Is Key Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Morris County Prevention Is Key Inc's revenue has grown by 473.7%, moving from $776K to $4.5M. Total assets increased by 1685.9% over the same period, from $146K to $2.6M. Total functional expenses rose by 441.8%, from $786K to $4.3M. In its most recent filing year (2023), Morris County Prevention Is Key Inc reported a surplus of $190K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $2.6M in assets (debt-to-asset ratio: 47.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.3M | $2.6M | $1.2M | — | View 990 |
| 2022 | $4.0M | $3.6M | $1.8M | $668K | — | View 990 |
| 2021 | $3.2M | $2.9M | $1.3M | $629K | — | View 990 |
| 2020 | $2.1M | $2.1M | $883K | $424K | — | View 990 |
| 2019 | $2.0M | $2.0M | $533K | $110K | — | View 990 |
| 2018 | $1.7M | $1.5M | $431K | $20K | — | View 990 |
| 2017 | $1.2M | $1.1M | $265K | $28K | — | View 990 |
| 2016 | $997K | $1.0M | $223K | $77K | — | View 990 |
| 2015 | $814K | $793K | $216K | $27K | — | View 990 |
| 2014 | $683K | $632K | $190K | $22K | — | View 990 |
| 2013 | $795K | $762K | $145K | $28K | — | View 990 |
| 2012 | $897K | $823K | $152K | $67K | — | View 990 |
| 2011 | $776K | $786K | $146K | $135K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.3M, and assets of $2.6M (revenue +10.3% year-over-year).
- 2022: Revenue of $4.0M, expenses of $3.6M, and assets of $1.8M (revenue +26.3% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.9M, and assets of $1.3M (revenue +52.6% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.1M, and assets of $883K (revenue +6.0% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.0M, and assets of $533K (revenue +15.5% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.5M, and assets of $431K (revenue +41.1% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $265K (revenue +21.6% year-over-year).
- 2016: Revenue of $997K, expenses of $1.0M, and assets of $223K (revenue +22.5% year-over-year).
- 2015: Revenue of $814K, expenses of $793K, and assets of $216K (revenue +19.2% year-over-year).
- 2014: Revenue of $683K, expenses of $632K, and assets of $190K (revenue -14.0% year-over-year).
- 2013: Revenue of $795K, expenses of $762K, and assets of $145K (revenue -11.4% year-over-year).
- 2012: Revenue of $897K, expenses of $823K, and assets of $152K (revenue +15.6% year-over-year).
- 2011: Revenue of $776K, expenses of $786K, and assets of $146K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morris County Prevention Is Key Inc:
Data Sources and Methodology
This transparency report for Morris County Prevention Is Key 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.