North Jersey Foundation For Safety

Is North Jersey Foundation For Safety Legit?

Some Concerns

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

North Jersey Foundation For Safety directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.

About North Jersey Foundation For Safety

North Jersey Foundation For Safety (EIN: 222543461) is a nonprofit organization based in Providence, RI, classified under NTEE code M42Z. The organization reported total revenue of $181K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Jersey Foundation For Safety's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

North Jersey Foundation For Safety is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, North Jersey Foundation For Safety reported a deficit of $20K with expenses exceeding revenue, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 106.2% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), North Jersey Foundation For Safety's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.

IRS Tax-Exempt Classification

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 North Jersey Foundation For Safety with a Mission Score of 65 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: 25%
• programs: 60%
• fundraising: 15%

According to IRS 990 filings, North Jersey Foundation For Safety allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% 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 $20K, with expenses exceeding revenue.
• Debt-to-asset ratio: 106.2%.

Executive Compensation Analysis

Executive compensation is consistently reported as $0 across all available filings, which, while seemingly positive, warrants further investigation to confirm if leadership is entirely volunteer-based or if compensation is being reported under other expense categories.

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 North Jersey Foundation For Safety's IRS 990 filings:

• Total revenue has significantly declined from $180,861 in 2022 to $115,522 in 2023, raising sustainability concerns.
• Administrative expenses (a) have been a substantial portion of total expenses, for example, $110,679 in 2023 compared to total expenses (x) of $135,675.
• The organization's location is listed as Providence, RI, while its name suggests a focus on North Jersey, which could indicate a disconnect in operations or mission focus.
• The 'l' (other liabilities) figure has fluctuated significantly, from $0 in 2019-2020 to $117,576 in 2023, requiring clarification.

Strengths

The following positive indicators were identified for North Jersey Foundation For Safety:

• The organization consistently reports $0 for executive compensation, suggesting a potentially lean operational model.
• No lobbying expenses are reported, indicating a focus on direct programmatic work rather than political influence.
• The organization has a history of consistent filings, demonstrating a commitment to regulatory compliance.

Frequently Asked Questions about North Jersey Foundation For Safety

Filing History

IRS 990 filing history for North Jersey Foundation For Safety showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), North Jersey Foundation For Safety's revenue has declined by 26.6%, moving from $157K to $116K. Total assets increased by 361.7% over the same period, from $24K to $111K. Total functional expenses fell by 22.5%, from $175K to $136K. In its most recent filing year (2023), North Jersey Foundation For Safety reported a deficit of $20K, with expenses exceeding revenue. The organization holds $118K in liabilities against $111K in assets (debt-to-asset ratio: 106.2%), resulting in net assets of $-6,897.

Year-by-Year Financial Summary

• 2023: Revenue of $116K, expenses of $136K, and assets of $111K (revenue -36.1% year-over-year).
• 2022: Revenue of $181K, expenses of $124K, and assets of $116K (revenue +1042.9% year-over-year).
• 2021: Revenue of $16K, expenses of $76K, and assets of $16K (revenue -83.1% year-over-year).
• 2020: Revenue of $94K, expenses of $93K, and assets of $16K (revenue +13.4% year-over-year).
• 2019: Revenue of $83K, expenses of $83K, and assets of $16K (revenue +6.5% year-over-year).
• 2018: Revenue of $78K, expenses of $79K, and assets of $82K (revenue -60.8% year-over-year).
• 2017: Revenue of $198K, expenses of $155K, and assets of $18K (revenue +75.4% year-over-year).
• 2016: Revenue of $113K, expenses of $151K, and assets of $18K (revenue -1.7% year-over-year).
• 2015: Revenue of $115K, expenses of $100K, and assets of $14K (revenue -13.1% year-over-year).
• 2014: Revenue of $132K, expenses of $125K, and assets of $15K (revenue -5.5% year-over-year).
• 2013: Revenue of $140K, expenses of $131K, and assets of $8K (revenue -5.6% year-over-year).
• 2012: Revenue of $148K, expenses of $172K, and assets of $5K (revenue -6.1% year-over-year).
• 2011: Revenue of $157K, expenses of $175K, and assets of $24K.

Data Sources and Methodology

This transparency report for North Jersey Foundation For Safety 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.