New Jersey Funeral Service Education Corporation
New Jersey Funeral Service Education Corp: Strong Assets, Inconsistent Revenue
EIN: 222889972 · Manasquan, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $214K |
| Total Expenses | $153K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is New Jersey Funeral Service Education Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Funeral Service Education Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Jersey Funeral Service Education Corporation
New Jersey Funeral Service Education Corporation (EIN: 222889972) is a nonprofit organization based in Manasquan, NJ. The organization reported total revenue of $214K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Funeral Service Education Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Funeral Service Education Corporation is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $189K |
| Total Expenses | $153K |
| Surplus / Deficit | +$36K |
| Total Assets | $1.6M |
| Total Liabilities | $328 |
| Net Assets | $1.6M |
| Operating Margin | 19.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 122.1 months |
Financial Health Grade: A
In 2023, New Jersey Funeral Service Education Corporation reported a surplus of $36K with revenue exceeding expenses, holds 122.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Funeral Service Education Corporation's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.6% | -10.5% | +2.4% |
| 2022 | -30.9% | +32.3% | +2.4% |
| 2021 | +348.1% | +29.1% | +11.9% |
| 2020 | -76.2% | -36.4% | -1.5% |
| 2019 | +33.8% | +2.9% | +10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Funeral Service Education Corporation 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, New Jersey Funeral Service Education Corporation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the available Form 990 filings, indicating that no individual received more than $100,000 in reportable compensation.
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 Funeral Service Education Corporation's IRS 990 filings:
- Significant fluctuations in revenue, from a high of $299,621 in 2021 to a low of $66,867 in 2020, suggest potential instability in funding sources.
- Lack of a clear, publicly accessible mission statement or program details makes it challenging to fully evaluate programmatic effectiveness.
- The organization's website (if any) is not readily apparent, hindering direct access to information and engagement.
Strengths
The following positive indicators were identified for New Jersey Funeral Service Education Corporation:
- Consistently strong asset base, growing from $1,089,849 in 2016 to $1,615,494 in 2023, indicating financial stability and good stewardship of resources.
- Low liabilities, consistently near zero or very low, demonstrating a healthy financial position.
- The organization appears to operate with very low fundraising and administrative overhead based on the absence of significant reported expenses in these categories.
Frequently Asked Questions about New Jersey Funeral Service Education Corporation
Is New Jersey Funeral Service Education Corporation a legitimate charity?
New Jersey Funeral Service Education Corporation (EIN: 222889972) 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: $214K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does New Jersey Funeral Service Education Corporation spend its money?
New Jersey Funeral Service Education Corporation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New Jersey Funeral Service Education Corporation tax-deductible?
New Jersey Funeral Service Education Corporation is registered as a tax-exempt nonprofit (EIN: 222889972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Jersey Funeral Service Education Corporation CEO make?
New Jersey Funeral Service Education Corporation's highest-compensated officer earns $100,000 annually. The organization reported $214K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Jersey Funeral Service Education Corporation's spending goes to programs?
New Jersey Funeral Service Education Corporation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Jersey Funeral Service Education Corporation located?
New Jersey Funeral Service Education Corporation is headquartered in Manasquan, New Jersey and files with the IRS under EIN 222889972.
How many years of IRS 990 filings does New Jersey Funeral Service Education Corporation have?
New Jersey Funeral Service Education Corporation 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 $214K in total revenue.
What does New Jersey Funeral Service Education Corporation do?
New Jersey Funeral Service Education Corporation is a nonprofit organization in the Unknown sector, located in Manasquan, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey Funeral Service Education Corporation have?
New Jersey Funeral Service Education Corporation reported total revenue of $213,687. Based on 13 IRS 990 filings on record.
What are New Jersey Funeral Service Education Corporation's total assets?
New Jersey Funeral Service Education Corporation holds total assets of $1,615,494 as reported in IRS 990 filings.
Where is New Jersey Funeral Service Education Corporation located?
New Jersey Funeral Service Education Corporation is based in Manasquan, New Jersey.
What is New Jersey Funeral Service Education Corporation's EIN?
New Jersey Funeral Service Education Corporation's Employer Identification Number (EIN) is 222889972. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Funeral Service Education Corporation?
New Jersey Funeral Service Education Corporation is classified under NTEE code Unknown (Unknown).
Is New Jersey Funeral Service Education Corporation a registered 501(c)(3)?
New Jersey Funeral Service Education Corporation appears in IRS records (EIN: 222889972). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Funeral Service Education Corporation file IRS Form 990?
Yes, New Jersey Funeral Service Education Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Funeral Service Education Corporation's revenue in 2023?
In the 202312 filing period, New Jersey Funeral Service Education Corporation reported total revenue of $189,347, total expenses of $152,980, and net assets of $1,556,668.
Is New Jersey Funeral Service Education Corporation's revenue growing or declining?
New Jersey Funeral Service Education Corporation's revenue is declining. Revenue went from $207,124 (202212) to $189,347 (202312), a -8.6% change. Based on 13 filings on record.
What is New Jersey Funeral Service Education Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Funeral Service Education Corporation covers tax period 202312. It shows revenue of $189,347, expenses of $152,980, total assets of $1,556,668, and liabilities of $328.
How much does New Jersey Funeral Service Education Corporation spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Funeral Service Education Corporation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is New Jersey Funeral Service Education Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Funeral Service Education Corporation appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for New Jersey Funeral Service Education Corporation?
The following concerns were identified: Significant fluctuations in revenue, from a high of $299,621 in 2021 to a low of $66,867 in 2020, suggest potential instability in funding sources.. Lack of a clear, publicly accessible mission statement or program details makes it challenging to fully evaluate programmatic effectiveness.. The organization's website (if any) is not readily apparent, hindering direct access to information and engagement.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Funeral Service Education Corporation's strengths?
Positive indicators for New Jersey Funeral Service Education Corporation include: Consistently strong asset base, growing from $1,089,849 in 2016 to $1,615,494 in 2023, indicating financial stability and good stewardship of resources.. Low liabilities, consistently near zero or very low, demonstrating a healthy financial position.. The organization appears to operate with very low fundraising and administrative overhead based on the absence of significant reported expenses in these categories.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Funeral Service Education Corporation compensate executives?
Executive compensation is not reported in the available Form 990 filings, indicating that no individual received more than $100,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset base and low liabilities, what is the primary mechanism by which the organization generates its revenue, and how does it align with its educational mission?
The filings indicate revenue from various sources (e.g., contributions, program service revenue, investment income), but without a detailed breakdown or mission statement, it's unclear how these directly fund specific educational programs or scholarships.
With total expenses ranging from $100,077 to $214,607 annually, how does the organization ensure these expenditures are effectively supporting its stated purpose, especially without detailed program reporting?
While expenses are reported, the lack of granular detail on program spending makes it difficult to ascertain the direct impact of these funds on educational initiatives or beneficiaries. Further transparency on program activities would be beneficial.
Filing History
IRS 990 filing history for New Jersey Funeral Service Education Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Funeral Service Education Corporation's revenue has declined by 16.4%, moving from $226K to $189K. Total assets increased by 73% over the same period, from $900K to $1.6M. Total functional expenses rose by 31.3%, from $117K to $153K. In its most recent filing year (2023), New Jersey Funeral Service Education Corporation reported a surplus of $36K, with revenue exceeding expenses. The organization holds $328 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $189K | $153K | $1.6M | $328 | — | — |
| 2022 | $207K | $171K | $1.5M | $93 | — | View 990 |
| 2021 | $300K | $129K | $1.5M | $23 | — | — |
| 2020 | $67K | $100K | $1.3M | $13K | — | — |
| 2019 | $281K | $157K | $1.3M | $0 | — | View 990 |
| 2018 | $210K | $153K | $1.2M | $0 | — | View 990 |
| 2017 | $272K | $196K | $1.2M | $0 | — | View 990 |
| 2016 | $217K | $215K | $1.1M | $39 | — | View 990 |
| 2015 | $250K | $208K | $1.1M | $671 | — | View 990 |
| 2014 | $258K | $243K | $1.0M | $5K | — | View 990 |
| 2013 | $330K | $230K | $1.0M | $0 | — | View 990 |
| 2012 | $198K | $168K | $934K | $4K | — | View 990 |
| 2011 | $226K | $117K | $900K | $500 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $189K, expenses of $153K, and assets of $1.6M (revenue -8.6% year-over-year).
- 2022: Revenue of $207K, expenses of $171K, and assets of $1.5M (revenue -30.9% year-over-year).
- 2021: Revenue of $300K, expenses of $129K, and assets of $1.5M (revenue +348.1% year-over-year).
- 2020: Revenue of $67K, expenses of $100K, and assets of $1.3M (revenue -76.2% year-over-year).
- 2019: Revenue of $281K, expenses of $157K, and assets of $1.3M (revenue +33.8% year-over-year).
- 2018: Revenue of $210K, expenses of $153K, and assets of $1.2M (revenue -22.9% year-over-year).
- 2017: Revenue of $272K, expenses of $196K, and assets of $1.2M (revenue +25.4% year-over-year).
- 2016: Revenue of $217K, expenses of $215K, and assets of $1.1M (revenue -13.2% year-over-year).
- 2015: Revenue of $250K, expenses of $208K, and assets of $1.1M (revenue -3.1% year-over-year).
- 2014: Revenue of $258K, expenses of $243K, and assets of $1.0M (revenue -21.6% year-over-year).
- 2013: Revenue of $330K, expenses of $230K, and assets of $1.0M (revenue +66.3% year-over-year).
- 2012: Revenue of $198K, expenses of $168K, and assets of $934K (revenue -12.5% year-over-year).
- 2011: Revenue of $226K, expenses of $117K, and assets of $900K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Funeral Service Education Corporation:
Data Sources and Methodology
This transparency report for New Jersey Funeral Service Education Corporation 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.