Ocean County College Foundation

Is Ocean County College Foundation Legit?

Some Concerns

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

Ocean County College Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Ocean County College Foundation

Ocean County College Foundation (EIN: 222303358) is a nonprofit organization based in Toms River, NJ, classified under NTEE code B110. The organization reported total revenue of $1.5M and total assets of $26.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean County College Foundation'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 Ocean County College Foundation 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: 70%
• fundraising: 15%

According to IRS 990 filings, Ocean County College Foundation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary financial filings.

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 Ocean County College Foundation's IRS 990 filings:

• Revenue has shown significant year-over-year fluctuations, from $3,581,016 in 2018 to $868,716 in 2020, and back to $2,407,473 in 2023, which could impact long-term planning.
• The provided data does not include a detailed breakdown of expenses by functional categories (program, admin, fundraising), making it difficult to fully evaluate spending efficiency.

Strengths

The following positive indicators were identified for Ocean County College Foundation:

• Consistent and substantial asset growth, from $10,741,518 in 2016 to $23,304,446 in 2023, demonstrates strong financial management and endowment building.
• The foundation consistently reports 0% lobbying costs, indicating a clear focus on its educational mission rather than political influence.
• The organization maintains a healthy reserve, with assets significantly exceeding liabilities across all reported years.

Frequently Asked Questions about Ocean County College Foundation

Filing History

IRS 990 filing history for Ocean County College Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Ocean County College Foundation's revenue has grown by 59.7%, moving from $1.5M to $2.4M. Total assets increased by 208.7% over the same period, from $7.5M to $23.3M. Total functional expenses fell by 7%, from $1.7M to $1.6M. In its most recent filing year (2023), Ocean County College Foundation reported a surplus of $842K, with revenue exceeding expenses. The organization holds $902K in liabilities against $23.3M in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $22.4M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.4M, expenses of $1.6M, and assets of $23.3M (revenue -30.4% year-over-year).
• 2022: Revenue of $3.5M, expenses of $1.3M, and assets of $20.3M (revenue +42.5% year-over-year).
• 2021: Revenue of $2.4M, expenses of $882K, and assets of $21.4M (revenue +179.3% year-over-year).
• 2020: Revenue of $869K, expenses of $917K, and assets of $16.9M (revenue -36.6% year-over-year).
• 2019: Revenue of $1.4M, expenses of $757K, and assets of $16.3M (revenue -61.7% year-over-year).
• 2018: Revenue of $3.6M, expenses of $817K, and assets of $15.3M (revenue +242.2% year-over-year).
• 2017: Revenue of $1.0M, expenses of $885K, and assets of $12.0M (revenue +4.6% year-over-year).
• 2016: Revenue of $1.0M, expenses of $787K, and assets of $10.7M (revenue -21.0% year-over-year).
• 2015: Revenue of $1.3M, expenses of $923K, and assets of $11.0M (revenue -57.7% year-over-year).
• 2014: Revenue of $3.0M, expenses of $768K, and assets of $11.2M (revenue +117.5% year-over-year).
• 2013: Revenue of $1.4M, expenses of $1.1M, and assets of $8.2M (revenue +40.3% year-over-year).
• 2012: Revenue of $980K, expenses of $837K, and assets of $7.5M (revenue -35.0% year-over-year).
• 2011: Revenue of $1.5M, expenses of $1.7M, and assets of $7.5M.

Data Sources and Methodology

This transparency report for Ocean County College Foundation 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.