New School Of Monmouth County Inc
New School Of Monmouth County Inc: Declining Revenue and Significant Liabilities Raise Concerns
EIN: 221908822 · Holmdel, NJ · Updated: 2026-04-04
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New School Of Monmouth County Inc is mapped to EIN 221908822.
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| Metric | Value |
|---|---|
| Total Revenue | $373K |
| Total Expenses | $383K |
| Program Spending | 70% |
| Net Assets | $165K |
| Transparency Score | 45/100 |
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New School Of Monmouth County Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
New School Of Monmouth County Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New School Of Monmouth County Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $373K and expenses of $383K.
Revenue and Expenses
New School Of Monmouth County Inc reported $373K in revenue and $383K in expenses, a deficit of $9K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
45/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is New School Of Monmouth County Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $268K (70%) |
Across stored filings, New School Of Monmouth County Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
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New School Of Monmouth County Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New School Of Monmouth County Inc
New School Of Monmouth County Inc (EIN: 221908822) is a nonprofit organization based in Holmdel, NJ. The organization reported total revenue of $373K and total assets of $298K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New School Of Monmouth County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New School Of Monmouth County Inc is a small nonprofit that has been operating for 55 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $373K |
| Total Expenses | $383K |
| Surplus / Deficit | $-9,136 |
| Total Assets | $298K |
| Total Liabilities | $133K |
| Net Assets | $165K |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 44.7% |
| Months of Reserves | 9.4 months |
Financial Health Grade: B
In 2023, New School Of Monmouth County Inc reported a deficit of $9K with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 44.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), New School Of Monmouth County Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.9% | +14.8% | +12.0% |
| 2022 | +115.9% | -17.6% | +24.3% |
| 2021 | -65.4% | +18.6% | -63.0% |
| 2020 | -33.7% | -22.3% | -17.2% |
| 2019 | -12.8% | -9.4% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
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 School Of Monmouth County Inc with a Mission Score of 45 out of 100 (Fair). 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 School Of Monmouth County Inc 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 $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either an entirely volunteer-run executive team or a lack of detailed disclosure regarding compensation, which warrants further investigation.
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 School Of Monmouth County Inc's IRS 990 filings:
- Consistent reporting of 0% compensation across all years, which is unusual for an organization with significant expenses.
- Significant liabilities exceeding assets in multiple recent years (e.g., $133,151 in 2023, $58,315 in 2022, and -$103,385 in 2021).
- Total expenses ($382,620 in 2023) consistently exceed revenue ($373,484 in 2023), indicating an operating deficit.
- Net assets have declined significantly from $698,932 in 2019 to $298,161 in 2023.
Strengths
The following positive indicators were identified for New School Of Monmouth County Inc:
- The organization has maintained operations for several years despite financial challenges.
- A notable increase in revenue from $223,762 in 2022 to $373,484 in 2023 suggests potential for recovery or successful fundraising efforts.
Frequently Asked Questions about New School Of Monmouth County Inc
Is New School Of Monmouth County Inc a legitimate charity?
New School Of Monmouth County Inc (EIN: 221908822) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 45/100. It has 14 years of IRS 990 filings on record. Total revenue: $373K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does New School Of Monmouth County Inc spend its money?
New School Of Monmouth County Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New School Of Monmouth County Inc tax-deductible?
New School Of Monmouth County Inc is registered as a tax-exempt nonprofit (EIN: 221908822). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New School Of Monmouth County Inc's spending goes to programs?
New School Of Monmouth County Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New School Of Monmouth County Inc located?
New School Of Monmouth County Inc is headquartered in Holmdel, New Jersey and files with the IRS under EIN 221908822.
How many years of IRS 990 filings does New School Of Monmouth County Inc have?
New School Of Monmouth County Inc has 14 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 $373K in total revenue.
What does New School Of Monmouth County Inc do?
New School Of Monmouth County Inc is a nonprofit organization in the Unknown sector, located in Holmdel, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New School Of Monmouth County Inc have?
New School Of Monmouth County Inc reported total revenue of $373,484. Based on 14 IRS 990 filings on record.
What are New School Of Monmouth County Inc's total assets?
New School Of Monmouth County Inc holds total assets of $298,161 as reported in IRS 990 filings.
Where is New School Of Monmouth County Inc located?
New School Of Monmouth County Inc is based in Holmdel, New Jersey.
What is New School Of Monmouth County Inc's EIN?
New School Of Monmouth County Inc's Employer Identification Number (EIN) is 221908822. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New School Of Monmouth County Inc?
New School Of Monmouth County Inc is classified under NTEE code Unknown (Unknown).
Is New School Of Monmouth County Inc a registered 501(c)(3)?
New School Of Monmouth County Inc appears in IRS records (EIN: 221908822). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New School Of Monmouth County Inc file IRS Form 990?
Yes, New School Of Monmouth County Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was New School Of Monmouth County Inc's revenue in 2023?
In the 202308 filing period, New School Of Monmouth County Inc reported total revenue of $373,484, total expenses of $382,620, and net assets of $298,161.
Is New School Of Monmouth County Inc's revenue growing or declining?
New School Of Monmouth County Inc's revenue is growing. Revenue went from $223,762 (202208) to $373,484 (202308), a +66.9% change. Based on 14 filings on record.
What is New School Of Monmouth County Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New School Of Monmouth County Inc covers tax period 202308. It shows revenue of $373,484, expenses of $382,620, total assets of $298,161, and liabilities of $133,151.
How much does New School Of Monmouth County Inc spend on programs vs administration?
Based on IRS 990 analysis, New School Of Monmouth County Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is New School Of Monmouth County Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New School Of Monmouth County Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 2 strengths noted.
What are the red flags for New School Of Monmouth County Inc?
The following concerns were identified: Consistent reporting of 0% compensation across all years, which is unusual for an organization with significant expenses.. Significant liabilities exceeding assets in multiple recent years (e.g., $133,151 in 2023, $58,315 in 2022, and -$103,385 in 2021).. Total expenses ($382,620 in 2023) consistently exceed revenue ($373,484 in 2023), indicating an operating deficit.. Net assets have declined significantly from $698,932 in 2019 to $298,161 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New School Of Monmouth County Inc's strengths?
Positive indicators for New School Of Monmouth County Inc include: The organization has maintained operations for several years despite financial challenges.. A notable increase in revenue from $223,762 in 2022 to $373,484 in 2023 suggests potential for recovery or successful fundraising efforts.. These findings are derived from AI analysis of the organization's financial filings.
How does New School Of Monmouth County Inc compensate executives?
Executive compensation is reported as 0% across all available filings, suggesting either an entirely volunteer-run executive team or a lack of detailed disclosure regarding compensation, which warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New School Of Monmouth County Inc?
• The organization's liabilities significantly exceed its assets in recent years, with a liability of $133,151 in 2023 and $58,315 in 2022. • Revenue has shown a fluctuating trend, with a notable increase in 2023 to $373,484 from $223,762 in 2022, but still below 2018 levels. • The organization consistently reports 0% compensation, which may indicate reliance on volunteer staff or a lack of transparency regarding compensation structures. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of 0% compensation, how does the organization sustain its operational leadership and management, and what are the implications for long-term stability?
The consistent 0% compensation suggests either a fully volunteer-led executive team or that compensation is being reported under other expense categories, which could obscure true administrative costs. This model, while potentially reducing overhead, raises questions about the sustainability of leadership and the ability to attract and retain skilled personnel over time, especially given the organization's financial deficits.
What strategies are in place to address the recurring operating deficits and the significant liabilities that have consistently exceeded assets in recent years?
The organization has consistently reported expenses exceeding revenue, leading to operating deficits (e.g., $382,620 expenses vs. $373,484 revenue in 2023). The growing liabilities, such as $133,151 in 2023, indicate a reliance on debt or deferred payments. Without a clear strategy to increase sustainable revenue or significantly reduce expenses, the organization's financial health remains precarious.
Filing History
IRS 990 filing history for New School Of Monmouth County Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), New School Of Monmouth County Inc's revenue has declined by 8.2%, moving from $407K to $373K. Total assets decreased by 5.8% over the same period, from $317K to $298K. Total functional expenses fell by 3.9%, from $398K to $383K. In its most recent filing year (2023), New School Of Monmouth County Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $133K in liabilities against $298K in assets (debt-to-asset ratio: 44.7%), resulting in net assets of $165K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $373K | $383K | $298K | $133K | — | View 990 |
| 2022 | $224K | $333K | $266K | $58K | — | View 990 |
| 2021 | $104K | $405K | $214K | $-103,385 | — | — |
| 2020 | $300K | $341K | $579K | $117K | — | View 990 |
| 2019 | $452K | $439K | $699K | $196K | — | View 990 |
| 2018 | $518K | $484K | $744K | $254K | — | View 990 |
| 2017 | $518K | $484K | $744K | $254K | — | — |
| 2017 | $483K | $458K | $616K | $159K | — | View 990 |
| 2016 | $494K | $471K | $611K | $180K | — | View 990 |
| 2015 | $562K | $487K | $622K | $255K | — | View 990 |
| 2014 | $575K | $471K | $691K | $253K | — | View 990 |
| 2013 | $548K | $450K | $617K | $282K | — | View 990 |
| 2012 | $512K | $410K | $488K | $253K | — | — |
| 2011 | $407K | $398K | $317K | $187K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $373K, expenses of $383K, and assets of $298K (revenue +66.9% year-over-year).
- 2022: Revenue of $224K, expenses of $333K, and assets of $266K (revenue +115.9% year-over-year).
- 2021: Revenue of $104K, expenses of $405K, and assets of $214K (revenue -65.4% year-over-year).
- 2020: Revenue of $300K, expenses of $341K, and assets of $579K (revenue -33.7% year-over-year).
- 2019: Revenue of $452K, expenses of $439K, and assets of $699K (revenue -12.8% year-over-year).
- 2018: Revenue of $518K, expenses of $484K, and assets of $744K (revenue +0.0% year-over-year).
- 2017: Revenue of $518K, expenses of $484K, and assets of $744K (revenue +7.3% year-over-year).
- 2017: Revenue of $483K, expenses of $458K, and assets of $616K (revenue -2.1% year-over-year).
- 2016: Revenue of $494K, expenses of $471K, and assets of $611K (revenue -12.1% year-over-year).
- 2015: Revenue of $562K, expenses of $487K, and assets of $622K (revenue -2.3% year-over-year).
- 2014: Revenue of $575K, expenses of $471K, and assets of $691K (revenue +5.0% year-over-year).
- 2013: Revenue of $548K, expenses of $450K, and assets of $617K (revenue +7.0% year-over-year).
- 2012: Revenue of $512K, expenses of $410K, and assets of $488K (revenue +25.8% year-over-year).
- 2011: Revenue of $407K, expenses of $398K, and assets of $317K.
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Data Sources and Methodology
This transparency report for New School Of Monmouth County 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.