Passaic County Community College Foundation
Passaic County Community College Foundation: Stable Finances, High Administrative Costs
EIN: 222137361 · Paterson, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $408K |
| Program Spending | 55% |
| Net Assets | $5.0M |
| Transparency Score | 75/100 |
Is Passaic County Community College Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Passaic County Community College Foundation directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Passaic County Community College Foundation
Passaic County Community College Foundation (EIN: 222137361) is a nonprofit organization based in Paterson, NJ. The organization reported total revenue of $1.1M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Passaic County Community College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Passaic County Community College Foundation is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $913K |
| Total Expenses | $408K |
| Surplus / Deficit | +$504K |
| Total Assets | $6.6M |
| Total Liabilities | $1.5M |
| Net Assets | $5.0M |
| Operating Margin | 55.3% |
| Debt-to-Asset Ratio | 23.5% |
| Months of Reserves | 192.6 months |
Financial Health Grade: A
In 2023, Passaic County Community College Foundation reported a surplus of $504K with revenue exceeding expenses, holds 192.6 months of operating reserves (strong position), has a debt-to-asset ratio of 23.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Passaic County Community College Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.7% | +4.1% | +13.2% |
| 2022 | +3.6% | -15.5% | +5.3% |
| 2021 | -9.6% | -58.5% | +3.7% |
| 2020 | +37.1% | +31.8% | -6.1% |
| 2019 | +1.7% | +54.5% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
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 Passaic County Community College Foundation 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: 30%
- programs: 55%
- fundraising: 15%
According to IRS 990 filings, Passaic County Community College Foundation allocates its expenses as follows: admin: 30%, programs: 55%, fundraising: 15%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $504K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.5%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it may be below the Form 990 reporting threshold or not applicable.
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 Passaic County Community College Foundation's IRS 990 filings:
- Administrative expenses appear to be a significant portion of total expenses, with $408,416 in 2023 out of $912,682 total expenses.
- The percentage of total expenses allocated to programs seems to fluctuate, suggesting potential inconsistency in program delivery or reporting.
Strengths
The following positive indicators were identified for Passaic County Community College Foundation:
- The foundation consistently maintains a healthy asset base, with $7,405,426 in assets as of 2023.
- Revenue has remained relatively stable over the past several years, indicating consistent donor support.
- The organization has a low liability-to-asset ratio, suggesting strong financial health and solvency.
Frequently Asked Questions about Passaic County Community College Foundation
Is Passaic County Community College Foundation a legitimate charity?
Passaic County Community College Foundation (EIN: 222137361) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Passaic County Community College Foundation spend its money?
Passaic County Community College Foundation directs 55% of its spending to programs and services. Fundraising costs 15%. This falls below the 65% benchmark.
Are donations to Passaic County Community College Foundation tax-deductible?
Passaic County Community College Foundation is registered as a tax-exempt nonprofit (EIN: 222137361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Passaic County Community College Foundation's spending goes to programs?
Passaic County Community College Foundation directs 55% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Passaic County Community College Foundation located?
Passaic County Community College Foundation is headquartered in Paterson, New Jersey and files with the IRS under EIN 222137361.
How many years of IRS 990 filings does Passaic County Community College Foundation have?
Passaic County Community College Foundation has 13 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 $1.1M in total revenue.
What does Passaic County Community College Foundation do?
Passaic County Community College Foundation is a nonprofit organization in the Unknown sector, located in Paterson, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Passaic County Community College Foundation have?
Passaic County Community College Foundation reported total revenue of $1,061,073. Based on 13 IRS 990 filings on record.
What are Passaic County Community College Foundation's total assets?
Passaic County Community College Foundation holds total assets of $7,405,426 as reported in IRS 990 filings.
Where is Passaic County Community College Foundation located?
Passaic County Community College Foundation is based in Paterson, New Jersey.
What is Passaic County Community College Foundation's EIN?
Passaic County Community College Foundation's Employer Identification Number (EIN) is 222137361. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Passaic County Community College Foundation?
Passaic County Community College Foundation is classified under NTEE code Unknown (Unknown).
Is Passaic County Community College Foundation a registered 501(c)(3)?
Passaic County Community College Foundation appears in IRS records (EIN: 222137361). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Passaic County Community College Foundation file IRS Form 990?
Yes, Passaic County Community College Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Passaic County Community College Foundation's revenue in 2023?
In the 202306 filing period, Passaic County Community College Foundation reported total revenue of $912,682, total expenses of $408,416, and net assets of $6,555,920.
Is Passaic County Community College Foundation's revenue growing or declining?
Passaic County Community College Foundation's revenue is relatively stable. Revenue went from $957,960 (202206) to $912,682 (202306), a -4.7% change. Based on 13 filings on record.
What is Passaic County Community College Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Passaic County Community College Foundation covers tax period 202306. It shows revenue of $912,682, expenses of $408,416, total assets of $6,555,920, and liabilities of $1,539,884.
How much does Passaic County Community College Foundation spend on programs vs administration?
Based on IRS 990 analysis, Passaic County Community College Foundation allocates approximately 55% of expenses to program services, 30% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Passaic County Community College Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Passaic County Community College Foundation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Passaic County Community College Foundation?
The following concerns were identified: Administrative expenses appear to be a significant portion of total expenses, with $408,416 in 2023 out of $912,682 total expenses.. The percentage of total expenses allocated to programs seems to fluctuate, suggesting potential inconsistency in program delivery or reporting.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Passaic County Community College Foundation's strengths?
Positive indicators for Passaic County Community College Foundation include: The foundation consistently maintains a healthy asset base, with $7,405,426 in assets as of 2023.. Revenue has remained relatively stable over the past several years, indicating consistent donor support.. The organization has a low liability-to-asset ratio, suggesting strong financial health and solvency.. These findings are derived from AI analysis of the organization's financial filings.
How does Passaic County Community College Foundation compensate executives?
Executive compensation is not reported in the provided data, indicating it may be below the Form 990 reporting threshold or not applicable. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent asset base and revenue, what strategies are in place to optimize the allocation of funds to programs versus administrative overhead?
While the foundation maintains a strong financial position, a deeper dive into their operational efficiency and strategic spending could reveal opportunities to increase the percentage of funds directly supporting educational programs and student aid, especially given the $408,416 in administrative expenses in 2023.
How does the foundation measure and report the impact of its programs on Passaic County Community College students and the broader community?
The provided data focuses on financial metrics. To fully assess effectiveness, information on scholarships awarded, student success rates, and specific program outcomes would be crucial for understanding the direct impact of the foundation's work.
Filing History
IRS 990 filing history for Passaic County Community College Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Passaic County Community College Foundation's revenue has grown by 7.1%, moving from $852K to $913K. Total assets increased by 67.7% over the same period, from $3.9M to $6.6M. Total functional expenses fell by 40.8%, from $690K to $408K. In its most recent filing year (2023), Passaic County Community College Foundation reported a surplus of $504K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $6.6M in assets (debt-to-asset ratio: 23.5%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $913K | $408K | $6.6M | $1.5M | — | View 990 |
| 2022 | $958K | $392K | $5.8M | $1.3M | — | View 990 |
| 2021 | $925K | $464K | $5.5M | $1.6M | — | — |
| 2020 | $1.0M | $1.1M | $5.3M | $1.8M | — | View 990 |
| 2019 | $746K | $849K | $5.6M | $2.1M | — | View 990 |
| 2018 | $734K | $550K | $6.0M | $2.3M | — | View 990 |
| 2017 | $820K | $475K | $6.0M | $2.5M | — | View 990 |
| 2016 | $850K | $1.2M | $5.9M | $2.8M | — | View 990 |
| 2015 | $911K | $663K | $5.8M | $2.2M | — | View 990 |
| 2014 | $898K | $938K | $5.6M | $2.3M | — | View 990 |
| 2013 | $915K | $553K | $5.8M | $2.5M | — | View 990 |
| 2012 | $923K | $790K | $5.6M | $2.6M | — | View 990 |
| 2011 | $852K | $690K | $3.9M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $913K, expenses of $408K, and assets of $6.6M (revenue -4.7% year-over-year).
- 2022: Revenue of $958K, expenses of $392K, and assets of $5.8M (revenue +3.6% year-over-year).
- 2021: Revenue of $925K, expenses of $464K, and assets of $5.5M (revenue -9.6% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.1M, and assets of $5.3M (revenue +37.1% year-over-year).
- 2019: Revenue of $746K, expenses of $849K, and assets of $5.6M (revenue +1.7% year-over-year).
- 2018: Revenue of $734K, expenses of $550K, and assets of $6.0M (revenue -10.5% year-over-year).
- 2017: Revenue of $820K, expenses of $475K, and assets of $6.0M (revenue -3.5% year-over-year).
- 2016: Revenue of $850K, expenses of $1.2M, and assets of $5.9M (revenue -6.7% year-over-year).
- 2015: Revenue of $911K, expenses of $663K, and assets of $5.8M (revenue +1.4% year-over-year).
- 2014: Revenue of $898K, expenses of $938K, and assets of $5.6M (revenue -1.9% year-over-year).
- 2013: Revenue of $915K, expenses of $553K, and assets of $5.8M (revenue -0.9% year-over-year).
- 2012: Revenue of $923K, expenses of $790K, and assets of $5.6M (revenue +8.4% year-over-year).
- 2011: Revenue of $852K, expenses of $690K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Passaic County Community College Foundation:
Data Sources and Methodology
This transparency report for Passaic County Community 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.