New Jersey Farm Bureau
New Jersey Farm Bureau consistently operates at a deficit in recent years despite substantial assets and no reported officer compensation.
EIN: 210524125 · Trenton, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $2.0M |
| Program Spending | 70% |
| Net Assets | $15.0M |
| Transparency Score | 75/100 |
Is New Jersey Farm Bureau Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Farm Bureau directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Jersey Farm Bureau
New Jersey Farm Bureau (EIN: 210524125) is a nonprofit organization based in Trenton, NJ. The organization reported total revenue of $7.6M and total assets of $18.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Farm Bureau's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Farm Bureau is a mid-size nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-888,698 |
| Total Assets | $16.3M |
| Total Liabilities | $1.4M |
| Net Assets | $15.0M |
| Operating Margin | -83.3% |
| Debt-to-Asset Ratio | 8.3% |
| Months of Reserves | 100.1 months |
Financial Health Grade: B
In 2023, New Jersey Farm Bureau reported a deficit of $889K with expenses exceeding revenue, holds 100.1 months of operating reserves (strong position), has a debt-to-asset ratio of 8.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Farm Bureau's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.0% | -4.3% | -5.3% |
| 2022 | -42.6% | -0.8% | -25.1% |
| 2021 | +86.6% | -1.3% | +19.6% |
| 2020 | +10.1% | -0.1% | +0.3% |
| 2019 | -21.4% | +2.4% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 New Jersey Farm Bureau 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New Jersey Farm Bureau allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 $889K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either a volunteer leadership structure or compensation through non-officer categories, which is a strong positive for cost control and transparency at the top.
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 New Jersey Farm Bureau's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses $1,955,905 vs. revenue $1,067,207)
- Significant decline in assets from a peak of $22,993,877 in 2021 to $16,313,023 in 2023, potentially due to covering deficits.
Strengths
The following positive indicators were identified for New Jersey Farm Bureau:
- Substantial asset base ($17,974,331 latest reported, $16,313,023 in 2023) providing financial stability.
- 0% reported officer compensation across all filings, indicating strong cost control at the executive level.
- Long filing history (13 filings) suggests consistent operation and compliance.
Frequently Asked Questions about New Jersey Farm Bureau
Is New Jersey Farm Bureau a legitimate charity?
New Jersey Farm Bureau (EIN: 210524125) 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: $7.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does New Jersey Farm Bureau spend its money?
New Jersey Farm Bureau directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New Jersey Farm Bureau tax-deductible?
New Jersey Farm Bureau is registered as a tax-exempt nonprofit (EIN: 210524125). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey Farm Bureau's spending goes to programs?
New Jersey Farm Bureau directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New Jersey Farm Bureau located?
New Jersey Farm Bureau is headquartered in Trenton, New Jersey and files with the IRS under EIN 210524125.
How many years of IRS 990 filings does New Jersey Farm Bureau have?
New Jersey Farm Bureau 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 $7.6M in total revenue.
How does the New Jersey Farm Bureau cover its operational deficits, given that expenses have exceeded revenues in multiple recent years (e.g., 2023, 2022, 2020)?
The organization likely covers its operational deficits by drawing from its substantial asset base, which was $16,313,023 in 2023, or through other non-operating income sources not detailed in the provided revenue figures.
What is the specific breakdown of program, administrative, and fundraising expenses for the New Jersey Farm Bureau?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency in these areas.
Are there any plans to address the recurring trend of expenses exceeding revenues to ensure long-term financial sustainability?
The provided data does not include information on future financial planning or strategies to address the operational deficits.
How does the New Jersey Farm Bureau maintain 0% officer compensation across all filings?
This could indicate that the organization's officers serve in a voluntary capacity, or their compensation is structured in a way that it is not reported under 'officer compensation' on the IRS Form 990, such as being paid as regular employees or through a related entity.
Filing History
IRS 990 filing history for New Jersey Farm Bureau showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Farm Bureau's revenue has declined by 35.3%, moving from $1.7M to $1.1M. Total assets decreased by 10.8% over the same period, from $18.3M to $16.3M. Total functional expenses fell by 12.8%, from $2.2M to $2.0M. In its most recent filing year (2023), New Jersey Farm Bureau reported a deficit of $889K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $16.3M in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $15.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $2.0M | $16.3M | $1.4M | — | — |
| 2022 | $1.8M | $2.0M | $17.2M | $1.3M | — | — |
| 2021 | $3.1M | $2.1M | $23.0M | $1.4M | — | View 990 |
| 2020 | $1.7M | $2.1M | $19.2M | $1.4M | — | View 990 |
| 2019 | $1.5M | $2.1M | $19.2M | $1.3M | — | View 990 |
| 2018 | $1.9M | $2.0M | $18.6M | $1.3M | — | View 990 |
| 2017 | $1.9M | $2.1M | $19.6M | $1.3M | — | View 990 |
| 2016 | $2.0M | $2.6M | $18.3M | $1.3M | — | View 990 |
| 2015 | $2.5M | $2.3M | $18.5M | $1.3M | — | View 990 |
| 2014 | $2.4M | $2.3M | $19.4M | $1.3M | — | View 990 |
| 2013 | $2.5M | $2.4M | $18.8M | $981K | — | View 990 |
| 2012 | $2.2M | $2.3M | $18.3M | $1.4M | — | View 990 |
| 2011 | $1.7M | $2.2M | $18.3M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $2.0M, and assets of $16.3M (revenue -40.0% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.0M, and assets of $17.2M (revenue -42.6% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.1M, and assets of $23.0M (revenue +86.6% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.1M, and assets of $19.2M (revenue +10.1% year-over-year).
- 2019: Revenue of $1.5M, expenses of $2.1M, and assets of $19.2M (revenue -21.4% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.0M, and assets of $18.6M (revenue +3.6% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.1M, and assets of $19.6M (revenue -5.3% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.6M, and assets of $18.3M (revenue -21.2% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.3M, and assets of $18.5M (revenue +2.1% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.3M, and assets of $19.4M (revenue -2.9% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.4M, and assets of $18.8M (revenue +14.6% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.3M, and assets of $18.3M (revenue +32.3% year-over-year).
- 2011: Revenue of $1.7M, expenses of $2.2M, and assets of $18.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Farm Bureau:
Data Sources and Methodology
This transparency report for New Jersey Farm Bureau 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.