Morristown Beard School
Morristown Beard School: Strong Financials, Consistent Program Focus
EIN: 221487252 · Morristown, NJ · NTEE: B250 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $35.1M |
| Total Expenses | $34.0M |
| Program Spending | 85% |
| Net Assets | $67.7M |
| Transparency Score | 85/100 |
Is Morristown Beard School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morristown Beard School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morristown Beard School
Morristown Beard School (EIN: 221487252) is a nonprofit organization based in Morristown, NJ, classified under NTEE code B250. The organization reported total revenue of $35.1M and total assets of $76.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morristown Beard School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morristown Beard School is a large nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35.0M |
| Total Expenses | $34.0M |
| Surplus / Deficit | +$962K |
| Total Assets | $73.1M |
| Total Liabilities | $5.4M |
| Net Assets | $67.7M |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 25.8 months |
Financial Health Grade: A
In 2023, Morristown Beard School reported a surplus of $962K with revenue exceeding expenses, holds 25.8 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Morristown Beard School's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | +4.6% | +2.7% |
| 2022 | +6.4% | +6.3% | -4.8% |
| 2021 | +10.1% | +2.6% | +4.4% |
| 2020 | -6.6% | +1.0% | -1.8% |
| 2019 | +12.8% | +7.3% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1943 |
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 Morristown Beard School 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, Morristown Beard School 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 $962K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.4%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, indicating that key employees may be compensated through a related entity or are volunteers, which requires further investigation for a complete assessment.
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 Morristown Beard School:
- Consistent revenue generation over the past several years, with total revenue of $34,984,658 in 2023.
- Healthy asset base, with total assets of $73,085,809 in 2023, providing financial stability.
- Low fundraising costs, suggesting efficient resource allocation for program delivery.
- Positive net income in most years, indicating sound financial management.
Frequently Asked Questions about Morristown Beard School
Is Morristown Beard School a legitimate charity?
Morristown Beard School (EIN: 221487252) 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: $35.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Morristown Beard School spend its money?
Morristown Beard School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Morristown Beard School tax-deductible?
Morristown Beard School is registered as a tax-exempt nonprofit (EIN: 221487252). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Morristown Beard School's spending goes to programs?
Morristown Beard School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Morristown Beard School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Morristown Beard School is above average for NTEE category B250 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morristown Beard School located?
Morristown Beard School is headquartered in Morristown, New Jersey and files with the IRS under EIN 221487252. It is classified under NTEE code B250.
How many years of IRS 990 filings does Morristown Beard School have?
Morristown Beard School 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 $35.1M in total revenue.
What does Morristown Beard School do?
Morristown Beard School is a nonprofit organization in the Education sector, located in Morristown, New Jersey. It is classified under NTEE code B250.
How much revenue does Morristown Beard School have?
Morristown Beard School reported total revenue of $35,093,344. Based on 13 IRS 990 filings on record.
What are Morristown Beard School's total assets?
Morristown Beard School holds total assets of $76,540,014 as reported in IRS 990 filings.
Where is Morristown Beard School located?
Morristown Beard School is based in Morristown, New Jersey.
What is Morristown Beard School's EIN?
Morristown Beard School's Employer Identification Number (EIN) is 221487252. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Morristown Beard School?
Morristown Beard School is classified under NTEE code B250 (Education).
Is Morristown Beard School a registered 501(c)(3)?
Yes, Morristown Beard School is recognized as a tax-exempt organization by the IRS. EIN: 221487252.
Does Morristown Beard School file IRS Form 990?
Yes, Morristown Beard School has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Morristown Beard School's revenue in 2023?
In the 202306 filing period, Morristown Beard School reported total revenue of $34,984,658, total expenses of $34,022,511, and net assets of $73,085,809.
Is Morristown Beard School's revenue growing or declining?
Morristown Beard School's revenue is relatively stable. Revenue went from $35,071,625 (202206) to $34,984,658 (202306), a -0.2% change. Based on 13 filings on record.
What is Morristown Beard School's most recent 990 filing?
The most recent IRS Form 990 filing for Morristown Beard School covers tax period 202306. It shows revenue of $34,984,658, expenses of $34,022,511, total assets of $73,085,809, and liabilities of $5,416,796.
How much does Morristown Beard School spend on programs vs administration?
Based on IRS 990 analysis, Morristown Beard School allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Morristown Beard School a trustworthy charity?
Based on AI analysis of IRS 990 data, Morristown Beard School appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Morristown Beard School's strengths?
Positive indicators for Morristown Beard School include: Consistent revenue generation over the past several years, with total revenue of $34,984,658 in 2023.. Healthy asset base, with total assets of $73,085,809 in 2023, providing financial stability.. Low fundraising costs, suggesting efficient resource allocation for program delivery.. Positive net income in most years, indicating sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Morristown Beard School compensate executives?
Executive compensation is not reported in the provided filings, indicating that key employees may be compensated through a related entity or are volunteers, which requires further investigation for a complete assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset growth, what specific strategies does Morristown Beard School employ to maintain its financial health and program quality without reporting executive compensation?
The consistent financial health and program quality, despite no reported executive compensation, suggest that the school likely benefits from a robust endowment, significant volunteer leadership, or compensation structures that are not directly reported on the Form 990, such as through a related management company or direct payment by a supporting foundation. This structure allows for a higher percentage of expenses to be allocated directly to programs.
Filing History
IRS 990 filing history for Morristown Beard School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Morristown Beard School's revenue has grown by 58.8%, moving from $22.0M to $35.0M. Total assets increased by 38.6% over the same period, from $52.7M to $73.1M. Total functional expenses rose by 64.2%, from $20.7M to $34.0M. In its most recent filing year (2023), Morristown Beard School reported a surplus of $962K, with revenue exceeding expenses. The organization holds $5.4M in liabilities against $73.1M in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $67.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35.0M | $34.0M | $73.1M | $5.4M | — | View 990 |
| 2022 | $35.1M | $32.5M | $71.2M | $6.1M | — | View 990 |
| 2021 | $33.0M | $30.6M | $74.8M | $6.8M | — | View 990 |
| 2020 | $29.9M | $29.8M | $71.6M | $10.5M | — | View 990 |
| 2019 | $32.0M | $29.5M | $72.9M | $12.0M | — | View 990 |
| 2018 | $28.4M | $27.5M | $68.3M | $10.2M | — | View 990 |
| 2017 | $28.6M | $26.7M | $67.5M | $11.0M | — | View 990 |
| 2016 | $28.9M | $26.4M | $61.5M | $8.2M | — | View 990 |
| 2015 | $30.2M | $25.6M | $59.3M | $7.8M | — | View 990 |
| 2014 | $23.4M | $23.6M | $56.2M | $9.4M | — | View 990 |
| 2013 | $22.9M | $22.2M | $54.1M | $9.0M | — | View 990 |
| 2012 | $21.2M | $21.5M | $52.8M | $9.7M | — | View 990 |
| 2011 | $22.0M | $20.7M | $52.7M | $9.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35.0M, expenses of $34.0M, and assets of $73.1M (revenue -0.2% year-over-year).
- 2022: Revenue of $35.1M, expenses of $32.5M, and assets of $71.2M (revenue +6.4% year-over-year).
- 2021: Revenue of $33.0M, expenses of $30.6M, and assets of $74.8M (revenue +10.1% year-over-year).
- 2020: Revenue of $29.9M, expenses of $29.8M, and assets of $71.6M (revenue -6.6% year-over-year).
- 2019: Revenue of $32.0M, expenses of $29.5M, and assets of $72.9M (revenue +12.8% year-over-year).
- 2018: Revenue of $28.4M, expenses of $27.5M, and assets of $68.3M (revenue -0.7% year-over-year).
- 2017: Revenue of $28.6M, expenses of $26.7M, and assets of $67.5M (revenue -1.0% year-over-year).
- 2016: Revenue of $28.9M, expenses of $26.4M, and assets of $61.5M (revenue -4.4% year-over-year).
- 2015: Revenue of $30.2M, expenses of $25.6M, and assets of $59.3M (revenue +29.1% year-over-year).
- 2014: Revenue of $23.4M, expenses of $23.6M, and assets of $56.2M (revenue +2.3% year-over-year).
- 2013: Revenue of $22.9M, expenses of $22.2M, and assets of $54.1M (revenue +7.6% year-over-year).
- 2012: Revenue of $21.2M, expenses of $21.5M, and assets of $52.8M (revenue -3.6% year-over-year).
- 2011: Revenue of $22.0M, expenses of $20.7M, and assets of $52.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morristown Beard School:
Data Sources and Methodology
This transparency report for Morristown Beard School 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.