Polymer Processing Institute At Njit
Polymer Processing Institute: Consistent Revenue, High Program Spending
EIN: 222458275 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $4.4M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $5.7M |
| Transparency Score | 85/100 |
Is Polymer Processing Institute At Njit Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Polymer Processing Institute At Njit directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Polymer Processing Institute At Njit
Polymer Processing Institute At Njit (EIN: 222458275) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $3.3M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Polymer Processing Institute At Njit's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Polymer Processing Institute At Njit is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $4.4M |
| Surplus / Deficit | +$585K |
| Total Assets | $6.2M |
| Total Liabilities | $505K |
| Net Assets | $5.7M |
| Operating Margin | 11.6% |
| Debt-to-Asset Ratio | 8.1% |
| Months of Reserves | 16.7 months |
Financial Health Grade: A
In 2023, Polymer Processing Institute At Njit reported a surplus of $585K with revenue exceeding expenses, holds 16.7 months of operating reserves (strong position), has a debt-to-asset ratio of 8.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Polymer Processing Institute At Njit's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | -10.8% | +12.2% |
| 2022 | +0.9% | +19.3% | +18.7% |
| 2021 | +95.9% | +63.3% | +30.6% |
| 2020 | +8.9% | +25.4% | +9.1% |
| 2019 | -12.1% | -0.2% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
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 Polymer Processing Institute At Njit 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: 10%
- programs: 88%
- fundraising: 2%
According to IRS 990 filings, Polymer Processing Institute At Njit allocates its expenses as follows: admin: 10%, programs: 88%, fundraising: 2%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $585K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.1%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly uncommon for an organization of this size and suggests potential reporting discrepancies or alternative compensation structures.
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 Polymer Processing Institute At Njit's IRS 990 filings:
- Consistent reporting of $0 executive compensation across multiple years (e.g., 2023, 2022, 2021) raises questions about how leadership is compensated or if this data is accurately reported.
- The 'nt' (nonprofit type) field is missing from the provided data, which limits a full understanding of its operational context and regulatory requirements.
Strengths
The following positive indicators were identified for Polymer Processing Institute At Njit:
- Consistently high percentage of spending on programs (e.g., 88% in 2023 based on expenses of $4,449,441 out of total expenses of $5,034,613) indicates a strong focus on its mission.
- The organization has maintained a relatively stable revenue stream over several years, with revenues around $5 million in recent years (e.g., $5,034,613 in 2023, $5,166,367 in 2022).
- Assets have shown growth over time, from $1,192,277 in 2016 to $6,198,011 in 2023, indicating financial stability and growth.
Frequently Asked Questions about Polymer Processing Institute At Njit
Is Polymer Processing Institute At Njit a legitimate charity?
Polymer Processing Institute At Njit (EIN: 222458275) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Polymer Processing Institute At Njit spend its money?
Polymer Processing Institute At Njit directs 88% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Polymer Processing Institute At Njit tax-deductible?
Polymer Processing Institute At Njit is registered as a tax-exempt nonprofit (EIN: 222458275). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Polymer Processing Institute At Njit CEO make?
Polymer Processing Institute At Njit's highest-compensated officer earns $0 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Polymer Processing Institute At Njit's spending goes to programs?
Polymer Processing Institute At Njit directs 88% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Polymer Processing Institute At Njit located?
Polymer Processing Institute At Njit is headquartered in Newark, New Jersey and files with the IRS under EIN 222458275.
How many years of IRS 990 filings does Polymer Processing Institute At Njit have?
Polymer Processing Institute At Njit 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 $3.3M in total revenue.
What does Polymer Processing Institute At Njit do?
Polymer Processing Institute At Njit is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Polymer Processing Institute At Njit have?
Polymer Processing Institute At Njit reported total revenue of $3,254,373. Based on 13 IRS 990 filings on record.
What are Polymer Processing Institute At Njit's total assets?
Polymer Processing Institute At Njit holds total assets of $5,396,496 as reported in IRS 990 filings.
Where is Polymer Processing Institute At Njit located?
Polymer Processing Institute At Njit is based in Newark, New Jersey.
What is Polymer Processing Institute At Njit's EIN?
Polymer Processing Institute At Njit's Employer Identification Number (EIN) is 222458275. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Polymer Processing Institute At Njit?
Polymer Processing Institute At Njit is classified under NTEE code Unknown (Unknown).
Is Polymer Processing Institute At Njit a registered 501(c)(3)?
Polymer Processing Institute At Njit appears in IRS records (EIN: 222458275). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Polymer Processing Institute At Njit file IRS Form 990?
Yes, Polymer Processing Institute At Njit has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Polymer Processing Institute At Njit's revenue in 2023?
In the 202306 filing period, Polymer Processing Institute At Njit reported total revenue of $5,034,613, total expenses of $4,449,441, and net assets of $6,198,011.
Is Polymer Processing Institute At Njit's revenue growing or declining?
Polymer Processing Institute At Njit's revenue is relatively stable. Revenue went from $5,166,367 (202206) to $5,034,613 (202306), a -2.6% change. Based on 13 filings on record.
What is Polymer Processing Institute At Njit's most recent 990 filing?
The most recent IRS Form 990 filing for Polymer Processing Institute At Njit covers tax period 202306. It shows revenue of $5,034,613, expenses of $4,449,441, total assets of $6,198,011, and liabilities of $504,835.
How much does Polymer Processing Institute At Njit spend on programs vs administration?
Based on IRS 990 analysis, Polymer Processing Institute At Njit allocates approximately 88% of expenses to program services, 10% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is Polymer Processing Institute At Njit a trustworthy charity?
Based on AI analysis of IRS 990 data, Polymer Processing Institute At Njit appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Polymer Processing Institute At Njit?
The following concerns were identified: Consistent reporting of $0 executive compensation across multiple years (e.g., 2023, 2022, 2021) raises questions about how leadership is compensated or if this data is accurately reported.. The 'nt' (nonprofit type) field is missing from the provided data, which limits a full understanding of its operational context and regulatory requirements.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Polymer Processing Institute At Njit's strengths?
Positive indicators for Polymer Processing Institute At Njit include: Consistently high percentage of spending on programs (e.g., 88% in 2023 based on expenses of $4,449,441 out of total expenses of $5,034,613) indicates a strong focus on its mission.. The organization has maintained a relatively stable revenue stream over several years, with revenues around $5 million in recent years (e.g., $5,034,613 in 2023, $5,166,367 in 2022).. Assets have shown growth over time, from $1,192,277 in 2016 to $6,198,011 in 2023, indicating financial stability and growth.. These findings are derived from AI analysis of the organization's financial filings.
How does Polymer Processing Institute At Njit compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly uncommon for an organization of this size and suggests potential reporting discrepancies or alternative compensation structures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the Polymer Processing Institute attract and retain leadership, and what alternative compensation methods, if any, are in place?
The consistent $0 executive compensation reported in filings (e.g., 'c0%' in 202306) is highly unusual for an organization with revenues exceeding $5 million. This could indicate that executives are compensated through a related entity, are volunteers, or that the reporting method for compensation is not fully transparent in the provided data. Further inquiry into their operational structure and affiliations would be necessary to understand this.
With a significant portion of expenses dedicated to programs, what specific programs or initiatives are the primary beneficiaries of this funding, and what are their measurable impacts?
While the data shows a high percentage of program spending (e.g., $4,449,441 out of $5,034,613 in 2023), the specific details of these programs are not provided. Understanding the nature and impact of these programs would be crucial for a comprehensive assessment of the organization's effectiveness.
Filing History
IRS 990 filing history for Polymer Processing Institute At Njit showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Polymer Processing Institute At Njit's revenue has grown by 112.3%, moving from $2.4M to $5.0M. Total assets increased by 178.7% over the same period, from $2.2M to $6.2M. Total functional expenses rose by 120.9%, from $2.0M to $4.4M. In its most recent filing year (2023), Polymer Processing Institute At Njit reported a surplus of $585K, with revenue exceeding expenses. The organization holds $505K in liabilities against $6.2M in assets (debt-to-asset ratio: 8.1%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $4.4M | $6.2M | $505K | — | — |
| 2022 | $5.2M | $5.0M | $5.5M | $414K | — | View 990 |
| 2021 | $5.1M | $4.2M | $4.7M | $677K | — | — |
| 2020 | $2.6M | $2.6M | $3.6M | $527K | — | View 990 |
| 2019 | $2.4M | $2.0M | $3.3M | $283K | — | View 990 |
| 2018 | $2.7M | $2.0M | $3.0M | $354K | — | View 990 |
| 2017 | $2.3M | $1.5M | $2.3M | $341K | — | View 990 |
| 2016 | $2.1M | $1.7M | $1.2M | $325K | — | View 990 |
| 2015 | $1.1M | $1.4M | $783K | $329K | — | View 990 |
| 2014 | $684K | $1.2M | $866K | $83K | — | View 990 |
| 2013 | $979K | $1.5M | $1.3M | $90K | — | View 990 |
| 2012 | $1.3M | $1.7M | $1.9M | $81K | — | View 990 |
| 2011 | $2.4M | $2.0M | $2.2M | $98K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $4.4M, and assets of $6.2M (revenue -2.6% year-over-year).
- 2022: Revenue of $5.2M, expenses of $5.0M, and assets of $5.5M (revenue +0.9% year-over-year).
- 2021: Revenue of $5.1M, expenses of $4.2M, and assets of $4.7M (revenue +95.9% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.6M, and assets of $3.6M (revenue +8.9% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.0M, and assets of $3.3M (revenue -12.1% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.0M, and assets of $3.0M (revenue +16.8% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.5M, and assets of $2.3M (revenue +11.1% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.7M, and assets of $1.2M (revenue +94.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.4M, and assets of $783K (revenue +58.4% year-over-year).
- 2014: Revenue of $684K, expenses of $1.2M, and assets of $866K (revenue -30.2% year-over-year).
- 2013: Revenue of $979K, expenses of $1.5M, and assets of $1.3M (revenue -27.0% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.7M, and assets of $1.9M (revenue -43.4% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.0M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Polymer Processing Institute At Njit:
Data Sources and Methodology
This transparency report for Polymer Processing Institute At Njit 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.