North Shore Community College Foundation Inc
North Shore Community College Foundation: Strong Asset Growth, Volatile Revenue
EIN: 222485476 · Danvers, MA · NTEE: B41I · Updated: 2026-04-04
Is North Shore Community College Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Shore Community College Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Shore Community College Foundation Inc
North Shore Community College Foundation Inc (EIN: 222485476) is a nonprofit organization based in Danvers, MA, classified under NTEE code B41I. The organization reported total revenue of $8.4M and total assets of $16.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Shore Community College 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 North Shore Community College Foundation Inc with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, North Shore Community College Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% in available filings, suggesting either a volunteer leadership structure or that compensation details are not disclosed in the provided data.
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 Shore Community College Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $5,346,444 in 2022 down to $1,938,474 in 2024) could indicate an unstable funding model.
- Lack of detailed executive compensation figures makes it difficult to assess leadership costs and fairness.
Strengths
The following positive indicators were identified for North Shore Community College Foundation Inc:
- Consistent and substantial asset growth over the past seven years, from $8,712,885 to $15,150,334, demonstrates strong financial stewardship.
- The foundation maintains a healthy asset base relative to its annual expenses, indicating long-term stability.
- Low reported administrative and fundraising costs (implied by 0% compensation and strong asset growth) suggest efficient operations.
Frequently Asked Questions about North Shore Community College Foundation Inc
Is North Shore Community College Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Shore Community College Foundation Inc (EIN: 222485476) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does North Shore Community College Foundation Inc spend its money?
North Shore Community College Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Shore Community College Foundation Inc tax-deductible?
North Shore Community College Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222485476). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does North Shore Community College Foundation Inc do?
North Shore Community College Foundation Inc is a nonprofit organization in the Education sector, located in Danvers, Massachusetts. It is classified under NTEE code B41I.
How much revenue does North Shore Community College Foundation Inc have?
North Shore Community College Foundation Inc reported total revenue of $8,412,569. Based on 13 IRS 990 filings on record.
What are North Shore Community College Foundation Inc's total assets?
North Shore Community College Foundation Inc holds total assets of $16,151,325 as reported in IRS 990 filings.
Where is North Shore Community College Foundation Inc located?
North Shore Community College Foundation Inc is based in Danvers, Massachusetts.
What is North Shore Community College Foundation Inc's EIN?
North Shore Community College Foundation Inc's Employer Identification Number (EIN) is 222485476. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is North Shore Community College Foundation Inc?
North Shore Community College Foundation Inc is classified under NTEE code B41I (Education).
Is North Shore Community College Foundation Inc a registered 501(c)(3)?
Yes, North Shore Community College Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222485476.
Does North Shore Community College Foundation Inc file IRS Form 990?
Yes, North Shore Community College Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was North Shore Community College Foundation Inc's revenue in 2024?
In the 202406 filing period, North Shore Community College Foundation Inc reported total revenue of $1,938,474, total expenses of $1,978,251, and net assets of $15,150,334.
Is North Shore Community College Foundation Inc's revenue growing or declining?
North Shore Community College Foundation Inc's revenue is declining. Revenue went from $2,871,168 (202306) to $1,938,474 (202406), a -32.5% change. Based on 13 filings on record.
What is North Shore Community College Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for North Shore Community College Foundation Inc covers tax period 202406. It shows revenue of $1,938,474, expenses of $1,978,251, total assets of $15,150,334, and liabilities of $157,226.
How much does North Shore Community College Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, North Shore Community College Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is North Shore Community College Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, North Shore Community College Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for North Shore Community College Foundation Inc?
The following concerns were identified: Significant year-over-year revenue volatility (e.g., $5,346,444 in 2022 down to $1,938,474 in 2024) could indicate an unstable funding model.. Lack of detailed executive compensation figures makes it difficult to assess leadership costs and fairness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are North Shore Community College Foundation Inc's strengths?
Positive indicators for North Shore Community College Foundation Inc include: Consistent and substantial asset growth over the past seven years, from $8,712,885 to $15,150,334, demonstrates strong financial stewardship.. The foundation maintains a healthy asset base relative to its annual expenses, indicating long-term stability.. Low reported administrative and fundraising costs (implied by 0% compensation and strong asset growth) suggest efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does North Shore Community College Foundation Inc compensate executives?
Executive compensation is reported as 0% in available filings, suggesting either a volunteer leadership structure or that compensation details are not disclosed in the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant asset growth despite revenue volatility, what strategies does the foundation employ to manage its endowment and investments to ensure long-term financial health?
The consistent increase in assets, from $8,712,885 in 2018 to $15,150,334 in 2024, suggests effective investment management and potentially a strong endowment strategy that buffers against fluctuating annual revenues.
How does the foundation plan to stabilize its revenue streams to reduce reliance on potentially large, infrequent donations, especially given the drop from $5,346,444 in 2022 to $1,938,474 in 2024?
The substantial swings in revenue indicate a need for diversified fundraising efforts beyond major gifts, potentially exploring recurring donor programs or broader community engagement to create more predictable income.
Filing History
IRS 990 filing history for North Shore Community College Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), North Shore Community College Foundation Inc's revenue has grown by 248.3%, moving from $557K to $1.9M. Total assets increased by 176.3% over the same period, from $5.5M to $15.2M. Total functional expenses rose by 256.7%, from $555K to $2.0M. In its most recent filing year (2024), North Shore Community College Foundation Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $157K in liabilities against $15.2M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $15.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $2.0M | $15.2M | $157K | — | View 990 |
| 2023 | $2.9M | $1.2M | $13.8M | $194K | — | View 990 |
| 2022 | $5.3M | $1.0M | $11.1M | $176K | — | View 990 |
| 2021 | $1.5M | $1.5M | $12.3M | $180K | — | View 990 |
| 2020 | $1.0M | $908K | $10.3M | $159K | — | View 990 |
| 2019 | $1.5M | $690K | $10.0M | $134K | — | View 990 |
| 2018 | $959K | $830K | $8.7M | $310K | — | — |
| 2017 | $739K | $363K | $8.3M | $268K | — | View 990 |
| 2016 | $1.2M | $426K | $7.3M | $232K | — | View 990 |
| 2015 | $947K | $734K | $7.4M | $464K | — | View 990 |
| 2014 | $672K | $557K | $6.9M | $247K | — | View 990 |
| 2013 | $524K | $503K | $6.0M | $226K | — | View 990 |
| 2012 | $557K | $555K | $5.5M | $204K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.9M, expenses of $2.0M, and assets of $15.2M (revenue -32.5% year-over-year).
- 2023: Revenue of $2.9M, expenses of $1.2M, and assets of $13.8M (revenue -46.3% year-over-year).
- 2022: Revenue of $5.3M, expenses of $1.0M, and assets of $11.1M (revenue +251.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $12.3M (revenue +50.3% year-over-year).
- 2020: Revenue of $1.0M, expenses of $908K, and assets of $10.3M (revenue -32.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $690K, and assets of $10.0M (revenue +57.2% year-over-year).
- 2018: Revenue of $959K, expenses of $830K, and assets of $8.7M (revenue +29.8% year-over-year).
- 2017: Revenue of $739K, expenses of $363K, and assets of $8.3M (revenue -39.9% year-over-year).
- 2016: Revenue of $1.2M, expenses of $426K, and assets of $7.3M (revenue +29.8% year-over-year).
- 2015: Revenue of $947K, expenses of $734K, and assets of $7.4M (revenue +41.0% year-over-year).
- 2014: Revenue of $672K, expenses of $557K, and assets of $6.9M (revenue +28.3% year-over-year).
- 2013: Revenue of $524K, expenses of $503K, and assets of $6.0M (revenue -5.9% year-over-year).
- 2012: Revenue of $557K, expenses of $555K, and assets of $5.5M.
Data Sources and Methodology
This transparency report for North Shore Community College 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.