New Jersey Legislative Black Caucus Foundation Inc
EIN: 300328408 · Jersey City, NJ · NTEE: P99
| Metric | Value |
|---|---|
| Total Revenue | $256K |
| Total Expenses | $76K |
| Net Assets | $180K |
Is New Jersey Legislative Black Caucus Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Jersey Legislative Black Caucus Foundation Inc
New Jersey Legislative Black Caucus Foundation Inc (EIN: 300328408) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code P99. The organization reported total revenue of $256K and total assets of $256K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Legislative Black Caucus Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Legislative Black Caucus Foundation Inc is a small nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 47.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $256K |
| Total Expenses | $76K |
| Surplus / Deficit | +$180K |
| Total Assets | $256K |
| Total Liabilities | $76K |
| Net Assets | $180K |
| Operating Margin | 70.2% |
| Debt-to-Asset Ratio | 29.8% |
| Months of Reserves | 40.3 months |
Financial Health Grade: A
In 2022, New Jersey Legislative Black Caucus Foundation Inc reported a surplus of $180K with revenue exceeding expenses, holds 40.3 months of operating reserves (strong position), has a debt-to-asset ratio of 29.8% (moderate leverage).
Financial Trends
Over 6 years of filings (2010–2022), New Jersey Legislative Black Caucus Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 47.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +223.9% | +176.1% | +108.5% |
| 2021 | +35.0% | +123.0% | +72.6% |
| 2012 | -100.0% | -98.2% | -7.2% |
| 2011 | +1.9% | -63.7% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Jersey Legislative Black Caucus Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Jersey Legislative Black Caucus Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $180K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.8%.
Frequently Asked Questions about New Jersey Legislative Black Caucus Foundation Inc
Is New Jersey Legislative Black Caucus Foundation Inc a legitimate charity?
New Jersey Legislative Black Caucus Foundation Inc (EIN: 300328408) is a registered tax-exempt nonprofit based in New Jersey. It has 6 years of IRS 990 filings on record. Total revenue: $256K. No red flags identified. Financial health grade: A.
How does New Jersey Legislative Black Caucus Foundation Inc spend its money?
New Jersey Legislative Black Caucus Foundation Inc reported $256K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Jersey Legislative Black Caucus Foundation Inc tax-deductible?
New Jersey Legislative Black Caucus Foundation Inc is registered as a tax-exempt nonprofit (EIN: 300328408). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Jersey Legislative Black Caucus Foundation Inc located?
New Jersey Legislative Black Caucus Foundation Inc is headquartered in Jersey City, New Jersey and files with the IRS under EIN 300328408. It is classified under NTEE code P99.
How many years of IRS 990 filings does New Jersey Legislative Black Caucus Foundation Inc have?
New Jersey Legislative Black Caucus Foundation Inc has 6 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 $256K in total revenue.
Filing History
IRS 990 filing history for New Jersey Legislative Black Caucus Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2010–2022), New Jersey Legislative Black Caucus Foundation Inc's revenue has grown by 10351.9%, moving from $2K to $256K. Total assets increased by 38982.9% over the same period, from $656 to $256K. Total functional expenses rose by 996.2%, from $7K to $76K. In its most recent filing year (2022), New Jersey Legislative Black Caucus Foundation Inc reported a surplus of $180K, with revenue exceeding expenses. The organization holds $76K in liabilities against $256K in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $180K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $256K | $76K | $256K | $76K | — | View 990 |
| 2021 | $79K | $28K | $123K | $2K | — | View 990 |
| 2020 | $59K | $12K | $71K | $1K | — | — |
| 2012 | $0 | $45 | $583 | $0 | — | View 990 |
| 2011 | $3K | $3K | $628 | $0 | — | View 990 |
| 2010 | $2K | $7K | $656 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $256K, expenses of $76K, and assets of $256K (revenue +223.9% year-over-year).
- 2021: Revenue of $79K, expenses of $28K, and assets of $123K (revenue +35.0% year-over-year).
- 2020: Revenue of $59K, expenses of $12K, and assets of $71K.
- 2012: Revenue of $0, expenses of $45, and assets of $583 (revenue -100.0% year-over-year).
- 2011: Revenue of $3K, expenses of $3K, and assets of $628 (revenue +1.9% year-over-year).
- 2010: Revenue of $2K, expenses of $7K, and assets of $656.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Legislative Black Caucus Foundation Inc:
Data Sources and Methodology
This transparency report for New Jersey Legislative Black Caucus 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.