Ocean County Private Industry Council Inc
Ocean County Private Industry Council Inc: Stable Finances, High Program Spending
EIN: 222765486 · Toms River, NJ · NTEE: J220 · Updated: 2026-04-04
Is Ocean County Private Industry Council Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean County Private Industry Council Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean County Private Industry Council Inc
Ocean County Private Industry Council Inc (EIN: 222765486) is a nonprofit organization based in Toms River, NJ, classified under NTEE code J220. The organization reported total revenue of $4.4M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean County Private Industry Council 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 Ocean County Private Industry Council Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Ocean County Private Industry Council Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific data on individual salaries, as the provided data only includes aggregated financial figures.
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.
Strengths
The following positive indicators were identified for Ocean County Private Industry Council Inc:
- Consistent revenue and expense matching over multiple years demonstrates sound financial management.
- The organization maintains a healthy asset base relative to its operational size.
- Zero percent fundraising compensation is a strong indicator of efficient resource allocation.
Frequently Asked Questions about Ocean County Private Industry Council Inc
Is Ocean County Private Industry Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean County Private Industry Council Inc (EIN: 222765486) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Ocean County Private Industry Council Inc spend its money?
Ocean County Private Industry Council Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ocean County Private Industry Council Inc tax-deductible?
Ocean County Private Industry Council Inc is registered as a tax-exempt nonprofit (EIN: 222765486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Ocean County Private Industry Council Inc do?
Ocean County Private Industry Council Inc is a nonprofit organization in the Employment sector, located in Toms River, New Jersey. It is classified under NTEE code J220.
How much revenue does Ocean County Private Industry Council Inc have?
Ocean County Private Industry Council Inc reported total revenue of $4,414,427. Based on 12 IRS 990 filings on record.
What are Ocean County Private Industry Council Inc's total assets?
Ocean County Private Industry Council Inc holds total assets of $1,824,570 as reported in IRS 990 filings.
Where is Ocean County Private Industry Council Inc located?
Ocean County Private Industry Council Inc is based in Toms River, New Jersey.
What is Ocean County Private Industry Council Inc's EIN?
Ocean County Private Industry Council Inc's Employer Identification Number (EIN) is 222765486. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ocean County Private Industry Council Inc?
Ocean County Private Industry Council Inc is classified under NTEE code J220 (Employment).
Is Ocean County Private Industry Council Inc a registered 501(c)(3)?
Yes, Ocean County Private Industry Council Inc is recognized as a tax-exempt organization by the IRS. EIN: 222765486.
Does Ocean County Private Industry Council Inc file IRS Form 990?
Yes, Ocean County Private Industry Council Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Ocean County Private Industry Council Inc's revenue in 2023?
In the 202306 filing period, Ocean County Private Industry Council Inc reported total revenue of $3,178,234, total expenses of $3,178,234, and net assets of $579,952.
Is Ocean County Private Industry Council Inc's revenue growing or declining?
Ocean County Private Industry Council Inc's revenue is growing. Revenue went from $2,938,951 (202206) to $3,178,234 (202306), a +8.1% change. Based on 12 filings on record.
What is Ocean County Private Industry Council Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ocean County Private Industry Council Inc covers tax period 202306. It shows revenue of $3,178,234, expenses of $3,178,234, total assets of $579,952, and liabilities of $579,952.
How much does Ocean County Private Industry Council Inc spend on programs vs administration?
Based on IRS 990 analysis, Ocean County Private Industry Council Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Ocean County Private Industry Council Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ocean County Private Industry Council Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Ocean County Private Industry Council Inc's strengths?
Positive indicators for Ocean County Private Industry Council Inc include: Consistent revenue and expense matching over multiple years demonstrates sound financial management.. The organization maintains a healthy asset base relative to its operational size.. Zero percent fundraising compensation is a strong indicator of efficient resource allocation.. These findings are derived from AI analysis of the organization's financial filings.
How does Ocean County Private Industry Council Inc compensate executives?
Executive compensation cannot be assessed without specific data on individual salaries, as the provided data only includes aggregated financial figures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the consistent 0% fundraising compensation impact the overall financial efficiency and donor perception of the organization?
The consistent 0% fundraising compensation significantly enhances financial efficiency by ensuring that nearly all raised funds directly support programs. This also likely improves donor perception, as it signals that contributions are not being heavily diluted by fundraising overhead.
What strategies might the organization employ to maintain its asset base while operating at a break-even point annually?
Maintaining a stable asset base while operating at a break-even point suggests careful budgeting and potentially a focus on grant funding or restricted donations that contribute to specific program delivery without accumulating large unrestricted surpluses. It also implies effective management of operational costs.
Filing History
IRS 990 filing history for Ocean County Private Industry Council Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Ocean County Private Industry Council Inc's revenue has declined by 46.7%, moving from $6.0M to $3.2M. Total assets decreased by 31.3% over the same period, from $845K to $580K. Total functional expenses fell by 46.7%, from $6.0M to $3.2M. In its most recent filing year (2023), Ocean County Private Industry Council Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $580K in liabilities against $580K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.2M | $580K | $580K | — | View 990 |
| 2022 | $2.9M | $2.9M | $475K | $475K | — | View 990 |
| 2021 | $2.9M | $2.9M | $466K | $466K | — | View 990 |
| 2020 | $3.0M | $3.0M | $485K | $485K | — | View 990 |
| 2019 | $3.2M | $3.2M | $518K | $518K | — | View 990 |
| 2018 | $3.9M | $3.9M | $485K | $485K | — | View 990 |
| 2017 | $4.7M | $4.7M | $653K | $653K | — | View 990 |
| 2016 | $5.4M | $5.4M | $611K | $611K | — | View 990 |
| 2015 | $5.5M | $5.5M | $611K | $611K | — | View 990 |
| 2014 | $5.7M | $5.7M | $665K | $665K | — | View 990 |
| 2013 | $5.4M | $5.4M | $583K | $583K | — | View 990 |
| 2012 | $6.0M | $6.0M | $845K | $843K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.2M, and assets of $580K (revenue +8.1% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.9M, and assets of $475K (revenue +2.0% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.9M, and assets of $466K (revenue -4.4% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.0M, and assets of $485K (revenue -5.7% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.2M, and assets of $518K (revenue -18.6% year-over-year).
- 2018: Revenue of $3.9M, expenses of $3.9M, and assets of $485K (revenue -15.5% year-over-year).
- 2017: Revenue of $4.7M, expenses of $4.7M, and assets of $653K (revenue -14.2% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.4M, and assets of $611K (revenue -1.8% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.5M, and assets of $611K (revenue -3.6% year-over-year).
- 2014: Revenue of $5.7M, expenses of $5.7M, and assets of $665K (revenue +6.3% year-over-year).
- 2013: Revenue of $5.4M, expenses of $5.4M, and assets of $583K (revenue -9.8% year-over-year).
- 2012: Revenue of $6.0M, expenses of $6.0M, and assets of $845K.
Data Sources and Methodology
This transparency report for Ocean County Private Industry Council 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.