Newark Mentoring Movement Inc
EIN: 455092471 · Newark, NJ · NTEE: T50
| Metric | Value |
|---|---|
| Total Revenue | $450K |
| Total Expenses | $329K |
| Net Assets | $142K |
Is Newark Mentoring Movement Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newark Mentoring Movement Inc
Newark Mentoring Movement Inc (EIN: 455092471) is a nonprofit organization based in Newark, NJ, classified under NTEE code T50. The organization reported total revenue of $450K and total assets of $142K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newark Mentoring Movement Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newark Mentoring Movement Inc is a small nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $427K |
| Total Expenses | $329K |
| Surplus / Deficit | +$98K |
| Total Assets | $142K |
| Net Assets | $142K |
| Operating Margin | 23.0% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2021, Newark Mentoring Movement Inc reported a surplus of $98K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate).
Financial Trends
Over 10 years of filings (2012–2021), Newark Mentoring Movement Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +126.9% | +53.0% | +76.4% |
| 2020 | -0.8% | +51.4% | +13.8% |
| 2019 | -7.0% | -44.3% | +209.4% |
| 2018 | -39.8% | -15.2% | -69.2% |
| 2017 | +56.2% | +29.4% | +105.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Newark Mentoring Movement 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 Newark Mentoring Movement 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $98K, with revenue exceeding expenses.
Frequently Asked Questions about Newark Mentoring Movement Inc
Is Newark Mentoring Movement Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Newark Mentoring Movement Inc (EIN: 455092471) insufficient data. 0 red flags identified, 0 strengths noted.
How does Newark Mentoring Movement Inc spend its money?
Detailed spending breakdown data is not yet available for Newark Mentoring Movement Inc. Check back for updated IRS 990 analysis.
Are donations to Newark Mentoring Movement Inc tax-deductible?
Newark Mentoring Movement Inc is registered as a tax-exempt nonprofit (EIN: 455092471). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Newark Mentoring Movement Inc located?
Newark Mentoring Movement Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 455092471. It is classified under NTEE code T50.
How many years of IRS 990 filings does Newark Mentoring Movement Inc have?
Newark Mentoring Movement Inc has 10 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 $450K in total revenue.
Filing History
IRS 990 filing history for Newark Mentoring Movement Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Newark Mentoring Movement Inc's revenue has grown by 55.6%, moving from $274K to $427K. Total assets decreased by 13.2% over the same period, from $163K to $142K. Total functional expenses rose by 195.6%, from $111K to $329K. In its most recent filing year (2021), Newark Mentoring Movement Inc reported a surplus of $98K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $427K | $329K | $142K | $0 | — | View 990 |
| 2020 | $188K | $215K | $80K | $37K | — | — |
| 2019 | $190K | $142K | $71K | $0 | — | View 990 |
| 2018 | $204K | $255K | $23K | $0 | — | View 990 |
| 2017 | $339K | $301K | $74K | $0 | — | — |
| 2016 | $217K | $233K | $36K | $0 | — | View 990 |
| 2015 | $134K | $121K | $51K | $0 | — | View 990 |
| 2014 | $188K | $272K | $42K | $0 | — | View 990 |
| 2013 | $282K | $314K | $126K | $0 | — | View 990 |
| 2012 | $274K | $111K | $163K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $427K, expenses of $329K, and assets of $142K (revenue +126.9% year-over-year).
- 2020: Revenue of $188K, expenses of $215K, and assets of $80K (revenue -0.8% year-over-year).
- 2019: Revenue of $190K, expenses of $142K, and assets of $71K (revenue -7.0% year-over-year).
- 2018: Revenue of $204K, expenses of $255K, and assets of $23K (revenue -39.8% year-over-year).
- 2017: Revenue of $339K, expenses of $301K, and assets of $74K (revenue +56.2% year-over-year).
- 2016: Revenue of $217K, expenses of $233K, and assets of $36K (revenue +62.3% year-over-year).
- 2015: Revenue of $134K, expenses of $121K, and assets of $51K (revenue -28.8% year-over-year).
- 2014: Revenue of $188K, expenses of $272K, and assets of $42K (revenue -33.5% year-over-year).
- 2013: Revenue of $282K, expenses of $314K, and assets of $126K (revenue +3.0% year-over-year).
- 2012: Revenue of $274K, expenses of $111K, and assets of $163K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newark Mentoring Movement Inc:
Data Sources and Methodology
This transparency report for Newark Mentoring Movement 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.