Ocean County Memorial Park Association
Ocean County Memorial Park Association: Stable Finances, Limited Program Disclosure
EIN: 221772602 · Toms River, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $2.7M |
| Program Spending | 75% |
| Net Assets | $8.7M |
| Transparency Score | 65/100 |
Is Ocean County Memorial Park Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean County Memorial Park Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean County Memorial Park Association
Ocean County Memorial Park Association (EIN: 221772602) is a nonprofit organization based in Toms River, NJ. The organization reported total revenue of $4.9M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean County Memorial Park Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean County Memorial Park Association is a mid-size nonprofit that has been operating for 57 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$232K |
| Total Assets | $9.6M |
| Total Liabilities | $902K |
| Net Assets | $8.7M |
| Operating Margin | 7.9% |
| Debt-to-Asset Ratio | 9.4% |
| Months of Reserves | 42.7 months |
Financial Health Grade: A
In 2024, Ocean County Memorial Park Association reported a surplus of $232K with revenue exceeding expenses, holds 42.7 months of operating reserves (strong position), has a debt-to-asset ratio of 9.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Ocean County Memorial Park Association's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.8% | +6.3% | +4.3% |
| 2023 | -4.7% | -2.1% | -4.6% |
| 2022 | +6.1% | +2.6% | -0.8% |
| 2021 | -0.9% | +5.4% | +20.7% |
| 2020 | +17.7% | +13.6% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
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 Ocean County Memorial Park Association 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Ocean County Memorial Park Association allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $232K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, suggesting it is either minimal or bundled within administrative expenses, making it difficult to assess fairness.
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 Memorial Park Association's IRS 990 filings:
- Lack of detailed program expenditure breakdown in public filings.
- Absence of a clear mission statement or program descriptions on their website (indicated by 'nt': '?').
Strengths
The following positive indicators were identified for Ocean County Memorial Park Association:
- Consistent revenue generation over several years, indicating financial stability.
- Healthy asset base, consistently above $7.5 million, providing a strong financial foundation.
- Low liability-to-asset ratio, suggesting good financial health and low debt burden.
Frequently Asked Questions about Ocean County Memorial Park Association
Is Ocean County Memorial Park Association a legitimate charity?
Ocean County Memorial Park Association (EIN: 221772602) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.9M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Ocean County Memorial Park Association spend its money?
Ocean County Memorial Park Association directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Ocean County Memorial Park Association tax-deductible?
Ocean County Memorial Park Association is registered as a tax-exempt nonprofit (EIN: 221772602). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ocean County Memorial Park Association's spending goes to programs?
Ocean County Memorial Park Association directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ocean County Memorial Park Association located?
Ocean County Memorial Park Association is headquartered in Toms River, New Jersey and files with the IRS under EIN 221772602.
How many years of IRS 990 filings does Ocean County Memorial Park Association have?
Ocean County Memorial Park Association 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 $4.9M in total revenue.
What does Ocean County Memorial Park Association do?
Ocean County Memorial Park Association is a nonprofit organization in the Unknown sector, located in Toms River, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Ocean County Memorial Park Association have?
Ocean County Memorial Park Association reported total revenue of $4,888,541. Based on 14 IRS 990 filings on record.
What are Ocean County Memorial Park Association's total assets?
Ocean County Memorial Park Association holds total assets of $10,160,512 as reported in IRS 990 filings.
Where is Ocean County Memorial Park Association located?
Ocean County Memorial Park Association is based in Toms River, New Jersey.
What is Ocean County Memorial Park Association's EIN?
Ocean County Memorial Park Association's Employer Identification Number (EIN) is 221772602. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ocean County Memorial Park Association?
Ocean County Memorial Park Association is classified under NTEE code Unknown (Unknown).
Is Ocean County Memorial Park Association a registered 501(c)(3)?
Ocean County Memorial Park Association appears in IRS records (EIN: 221772602). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ocean County Memorial Park Association file IRS Form 990?
Yes, Ocean County Memorial Park Association has 14 IRS Form 990 filings on record. The most recent covers tax period 202407.
What was Ocean County Memorial Park Association's revenue in 2024?
In the 202407 filing period, Ocean County Memorial Park Association reported total revenue of $2,937,740, total expenses of $2,705,765, and net assets of $9,626,231.
Is Ocean County Memorial Park Association's revenue growing or declining?
Ocean County Memorial Park Association's revenue is relatively stable. Revenue went from $2,829,321 (202307) to $2,937,740 (202407), a +3.8% change. Based on 14 filings on record.
What is Ocean County Memorial Park Association's most recent 990 filing?
The most recent IRS Form 990 filing for Ocean County Memorial Park Association covers tax period 202407. It shows revenue of $2,937,740, expenses of $2,705,765, total assets of $9,626,231, and liabilities of $901,879.
How much does Ocean County Memorial Park Association spend on programs vs administration?
Based on IRS 990 analysis, Ocean County Memorial Park Association allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Ocean County Memorial Park Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Ocean County Memorial Park Association shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Ocean County Memorial Park Association?
The following concerns were identified: Lack of detailed program expenditure breakdown in public filings.. Absence of a clear mission statement or program descriptions on their website (indicated by 'nt': '?').. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ocean County Memorial Park Association's strengths?
Positive indicators for Ocean County Memorial Park Association include: Consistent revenue generation over several years, indicating financial stability.. Healthy asset base, consistently above $7.5 million, providing a strong financial foundation.. Low liability-to-asset ratio, suggesting good financial health and low debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does Ocean County Memorial Park Association compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, suggesting it is either minimal or bundled within administrative expenses, making it difficult to assess fairness. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Ocean County Memorial Park Association?
• Detailed program spending is not readily available in public filings, making it difficult to assess impact. • Financial statements are consistently filed, indicating a commitment to regulatory compliance. • No specific transparency report or impact assessment is published on their website. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent revenue and asset base, what specific programs or services does Ocean County Memorial Park Association provide to the community beyond cemetery operations?
The provided data primarily reflects financial operations typical of a cemetery association. Without a detailed mission statement or program descriptions, it's unclear if they offer community services beyond maintaining the memorial park.
How does the organization ensure its long-term sustainability and growth, especially considering the nature of its services?
The consistent revenue and asset growth suggest effective financial management. However, specific strategies for long-term sustainability, such as endowment management or expansion plans, are not detailed in the provided financial snapshots.
Filing History
IRS 990 filing history for Ocean County Memorial Park Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Ocean County Memorial Park Association's revenue has grown by 81.4%, moving from $1.6M to $2.9M. Total assets increased by 89.3% over the same period, from $5.1M to $9.6M. Total functional expenses rose by 69.7%, from $1.6M to $2.7M. In its most recent filing year (2024), Ocean County Memorial Park Association reported a surplus of $232K, with revenue exceeding expenses. The organization holds $902K in liabilities against $9.6M in assets (debt-to-asset ratio: 9.4%), resulting in net assets of $8.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.9M | $2.7M | $9.6M | $902K | — | View 990 |
| 2023 | $2.8M | $2.5M | $9.2M | $889K | — | View 990 |
| 2022 | $3.0M | $2.6M | $9.7M | $1.6M | — | View 990 |
| 2021 | $2.8M | $2.5M | $9.8M | $1.8M | — | View 990 |
| 2020 | $2.8M | $2.4M | $8.1M | $633K | — | View 990 |
| 2019 | $2.4M | $2.1M | $7.8M | $600K | — | View 990 |
| 2018 | $2.4M | $2.0M | $7.6M | $738K | — | View 990 |
| 2017 | $2.2M | $1.9M | $7.8M | $1.4M | — | View 990 |
| 2016 | $2.1M | $1.8M | $7.5M | $1.4M | — | View 990 |
| 2015 | $2.1M | $1.8M | $6.4M | $599K | — | View 990 |
| 2014 | $2.0M | $1.7M | $6.2M | $657K | — | View 990 |
| 2013 | $2.0M | $1.6M | $5.8M | $666K | — | View 990 |
| 2012 | $1.8M | $1.6M | $5.3M | $548K | — | View 990 |
| 2011 | $1.6M | $1.6M | $5.1M | $578K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.9M, expenses of $2.7M, and assets of $9.6M (revenue +3.8% year-over-year).
- 2023: Revenue of $2.8M, expenses of $2.5M, and assets of $9.2M (revenue -4.7% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.6M, and assets of $9.7M (revenue +6.1% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.5M, and assets of $9.8M (revenue -0.9% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.4M, and assets of $8.1M (revenue +17.7% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.1M, and assets of $7.8M (revenue +1.9% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.0M, and assets of $7.6M (revenue +6.6% year-over-year).
- 2017: Revenue of $2.2M, expenses of $1.9M, and assets of $7.8M (revenue +2.9% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.8M, and assets of $7.5M (revenue +0.3% year-over-year).
- 2015: Revenue of $2.1M, expenses of $1.8M, and assets of $6.4M (revenue +5.2% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.7M, and assets of $6.2M (revenue +3.8% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.6M, and assets of $5.8M (revenue +6.7% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.6M, and assets of $5.3M (revenue +13.4% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean County Memorial Park Association:
Data Sources and Methodology
This transparency report for Ocean County Memorial Park Association 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.