New Jersey Vietnam Veterans Memorial Foundation Inc

Is New Jersey Vietnam Veterans Memorial Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

New Jersey Vietnam Veterans Memorial Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About New Jersey Vietnam Veterans Memorial Foundation Inc

New Jersey Vietnam Veterans Memorial Foundation Inc (EIN: 222918698) is a nonprofit organization based in Holmdel, NJ. The organization reported total revenue of $4.2M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Vietnam Veterans Memorial Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Jersey Vietnam Veterans Memorial Foundation 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: 15%
• programs: 75%
• fundraising: 10%

According to IRS 990 filings, New Jersey Vietnam Veterans Memorial Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation details are not publicly disclosed on their website or easily found in available filings, preventing a specific assessment of individual salaries.

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 Vietnam Veterans Memorial Foundation Inc's IRS 990 filings:

• Lack of readily available detailed financial breakdowns and Form 990s on their website.
• Limited public information regarding executive compensation.
• Significant fluctuation in revenue, from $798,503 in 2022 to $3,254,293 in 2023, without clear public explanation for the substantial increase.

Strengths

The following positive indicators were identified for New Jersey Vietnam Veterans Memorial Foundation Inc:

• Consistent mission focus on honoring Vietnam veterans and educating the public.
• Demonstrated growth in revenue from $798,503 in 2022 to $3,254,293 in 2023, indicating increased support.
• Positive net assets, growing from $2,267,180 in 2022 to $4,755,859 in 2023, suggesting financial stability.

Frequently Asked Questions about New Jersey Vietnam Veterans Memorial Foundation Inc

Filing History

IRS 990 filing history for New Jersey Vietnam Veterans Memorial Foundation Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), New Jersey Vietnam Veterans Memorial Foundation Inc's revenue has grown by 142%, moving from $1.3M to $3.3M. Total assets increased by 142.2% over the same period, from $2.0M to $4.8M. Total functional expenses rose by 181.2%, from $396K to $1.1M. In its most recent filing year (2023), New Jersey Vietnam Veterans Memorial Foundation Inc reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $91K in liabilities against $4.8M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $4.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.3M, expenses of $1.1M, and assets of $4.8M (revenue +307.5% year-over-year).
• 2022: Revenue of $799K, expenses of $1.0M, and assets of $2.3M (revenue +13.1% year-over-year).
• 2021: Revenue of $706K, expenses of $793K, and assets of $2.6M (revenue +11.9% year-over-year).
• 2020: Revenue of $631K, expenses of $761K, and assets of $2.5M (revenue -11.1% year-over-year).
• 2019: Revenue of $710K, expenses of $739K, and assets of $2.5M (revenue +41.3% year-over-year).
• 2018: Revenue of $502K, expenses of $1.7M, and assets of $2.6M (revenue -36.4% year-over-year).
• 2017: Revenue of $789K, expenses of $564K, and assets of $3.7M (revenue -5.6% year-over-year).
• 2016: Revenue of $836K, expenses of $693K, and assets of $3.5M (revenue -54.7% year-over-year).
• 2015: Revenue of $1.8M, expenses of $635K, and assets of $3.3M (revenue +109.5% year-over-year).
• 2014: Revenue of $881K, expenses of $620K, and assets of $2.2M (revenue +128.5% year-over-year).
• 2013: Revenue of $386K, expenses of $433K, and assets of $1.9M (revenue -71.3% year-over-year).
• 2012: Revenue of $1.3M, expenses of $396K, and assets of $2.0M.

Data Sources and Methodology

This transparency report for New Jersey Vietnam Veterans Memorial 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.