Raritan Valley Community College Dir Of Budget & Finance Office
Raritan Valley Community College: Stable Finances, Strong Program Focus
EIN: 221815636 · Somerville, NJ · NTEE: B41Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $82.0M |
| Total Expenses | $72.6M |
| Program Spending | 87% |
| Net Assets | $77.8M |
| Transparency Score | 85/100 |
Is Raritan Valley Community College Dir Of Budget & Finance Office Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Raritan Valley Community College Dir Of Budget & Finance Office directs 87% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Raritan Valley Community College Dir Of Budget & Finance Office
Raritan Valley Community College Dir Of Budget & Finance Office (EIN: 221815636) is a nonprofit organization based in Somerville, NJ, classified under NTEE code B41Z. The organization reported total revenue of $82.0M and total assets of $112.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raritan Valley Community College Dir Of Budget & Finance Office's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raritan Valley Community College Dir Of Budget & Finance Office is a major nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $83.8M |
| Total Expenses | $72.6M |
| Surplus / Deficit | +$11.2M |
| Total Assets | $112.1M |
| Total Liabilities | $34.3M |
| Net Assets | $77.8M |
| Operating Margin | 13.4% |
| Debt-to-Asset Ratio | 30.6% |
| Months of Reserves | 18.5 months |
Financial Health Grade: A
In 2023, Raritan Valley Community College Dir Of Budget & Finance Office reported a surplus of $11.2M with revenue exceeding expenses, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 30.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Raritan Valley Community College Dir Of Budget & Finance Office's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | -5.1% | +10.9% |
| 2022 | -9.9% | -1.5% | -2.2% |
| 2021 | +8.8% | +3.9% | +5.0% |
| 2020 | -1.3% | -1.8% | +1.3% |
| 2019 | +4.0% | -2.4% | +0.4% |
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 Raritan Valley Community College Dir Of Budget & Finance Office 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: 8%
- programs: 87%
- fundraising: 5%
According to IRS 990 filings, Raritan Valley Community College Dir Of Budget & Finance Office allocates its expenses as follows: admin: 8%, programs: 87%, fundraising: 5%. With 87% 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 $11.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.6%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0%, suggesting it's either not reported in this format or is part of broader salary expenses not itemized here.
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 Raritan Valley Community College Dir Of Budget & Finance Office:
- Consistent revenue generation, with 2023 revenue at $83,807,368.
- Healthy asset base, reaching $112,053,232 in 2023.
- Strong program spending, indicating a focus on its core mission.
- Positive net assets over the years, demonstrating financial stability.
Frequently Asked Questions about Raritan Valley Community College Dir Of Budget & Finance Office
Is Raritan Valley Community College Dir Of Budget & Finance Office a legitimate charity?
Based on AI analysis of IRS 990 filings, Raritan Valley Community College Dir Of Budget & Finance Office (EIN: 221815636) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Raritan Valley Community College Dir Of Budget & Finance Office spend its money?
Raritan Valley Community College Dir Of Budget & Finance Office directs 87% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Raritan Valley Community College Dir Of Budget & Finance Office tax-deductible?
Raritan Valley Community College Dir Of Budget & Finance Office is registered as a tax-exempt nonprofit (EIN: 221815636). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Raritan Valley Community College Dir Of Budget & Finance Office's spending goes to programs?
Raritan Valley Community College Dir Of Budget & Finance Office directs 87% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Raritan Valley Community College Dir Of Budget & Finance Office compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Raritan Valley Community College Dir Of Budget & Finance Office is above average for NTEE category B41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Raritan Valley Community College Dir Of Budget & Finance Office located?
Raritan Valley Community College Dir Of Budget & Finance Office is headquartered in Somerville, New Jersey and files with the IRS under EIN 221815636. It is classified under NTEE code B41Z.
How many years of IRS 990 filings does Raritan Valley Community College Dir Of Budget & Finance Office have?
Raritan Valley Community College Dir Of Budget & Finance Office 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 $82.0M in total revenue.
What does Raritan Valley Community College Dir Of Budget & Finance Office do?
Raritan Valley Community College Dir Of Budget & Finance Office is a nonprofit organization in the Education sector, located in Somerville, New Jersey. It is classified under NTEE code B41Z.
How much revenue does Raritan Valley Community College Dir Of Budget & Finance Office have?
Raritan Valley Community College Dir Of Budget & Finance Office reported total revenue of $81,995,945. Based on 13 IRS 990 filings on record.
What are Raritan Valley Community College Dir Of Budget & Finance Office's total assets?
Raritan Valley Community College Dir Of Budget & Finance Office holds total assets of $112,602,068 as reported in IRS 990 filings.
Where is Raritan Valley Community College Dir Of Budget & Finance Office located?
Raritan Valley Community College Dir Of Budget & Finance Office is based in Somerville, New Jersey.
What is Raritan Valley Community College Dir Of Budget & Finance Office's EIN?
Raritan Valley Community College Dir Of Budget & Finance Office's Employer Identification Number (EIN) is 221815636. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Raritan Valley Community College Dir Of Budget & Finance Office?
Raritan Valley Community College Dir Of Budget & Finance Office is classified under NTEE code B41Z (Education).
Is Raritan Valley Community College Dir Of Budget & Finance Office a registered 501(c)(3)?
Yes, Raritan Valley Community College Dir Of Budget & Finance Office is recognized as a tax-exempt organization by the IRS. EIN: 221815636.
Does Raritan Valley Community College Dir Of Budget & Finance Office file IRS Form 990?
Yes, Raritan Valley Community College Dir Of Budget & Finance Office has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Raritan Valley Community College Dir Of Budget & Finance Office's revenue in 2023?
In the 202306 filing period, Raritan Valley Community College Dir Of Budget & Finance Office reported total revenue of $83,807,368, total expenses of $72,611,690, and net assets of $112,053,232.
Is Raritan Valley Community College Dir Of Budget & Finance Office's revenue growing or declining?
Raritan Valley Community College Dir Of Budget & Finance Office's revenue is growing. Revenue went from $75,934,725 (202206) to $83,807,368 (202306), a +10.4% change. Based on 13 filings on record.
What is Raritan Valley Community College Dir Of Budget & Finance Office's most recent 990 filing?
The most recent IRS Form 990 filing for Raritan Valley Community College Dir Of Budget & Finance Office covers tax period 202306. It shows revenue of $83,807,368, expenses of $72,611,690, total assets of $112,053,232, and liabilities of $34,289,643.
How much does Raritan Valley Community College Dir Of Budget & Finance Office spend on programs vs administration?
Based on IRS 990 analysis, Raritan Valley Community College Dir Of Budget & Finance Office allocates approximately 87% of expenses to program services, 8% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Raritan Valley Community College Dir Of Budget & Finance Office a trustworthy charity?
Based on AI analysis of IRS 990 data, Raritan Valley Community College Dir Of Budget & Finance Office appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Raritan Valley Community College Dir Of Budget & Finance Office's strengths?
Positive indicators for Raritan Valley Community College Dir Of Budget & Finance Office include: Consistent revenue generation, with 2023 revenue at $83,807,368.. Healthy asset base, reaching $112,053,232 in 2023.. Strong program spending, indicating a focus on its core mission.. Positive net assets over the years, demonstrating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Raritan Valley Community College Dir Of Budget & Finance Office compensate executives?
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0%, suggesting it's either not reported in this format or is part of broader salary expenses not itemized here. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the college managed to maintain a relatively stable asset base despite fluctuations in annual revenues and expenses over the past eight years?
The college has consistently maintained a strong asset base, with assets ranging from $95,089,881 in 2016 to $112,053,232 in 2023. This stability suggests effective financial management and possibly strategic investments or endowments that buffer against yearly operational variations.
Given the consistent 'c0%' for executive compensation, what is the likely method of reporting or structure for executive salaries within the college's financial statements?
The 'c0%' likely indicates that executive compensation is not reported as a separate, distinct line item in the provided summary data. It is highly probable that executive salaries are integrated into broader 'salaries and wages' or 'administrative expenses' within the detailed 990 filings, rather than being zero.
Filing History
IRS 990 filing history for Raritan Valley Community College Dir Of Budget & Finance Office showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Raritan Valley Community College Dir Of Budget & Finance Office's revenue has grown by 37.7%, moving from $60.9M to $83.8M. Total assets increased by 53% over the same period, from $73.2M to $112.1M. Total functional expenses rose by 13.6%, from $63.9M to $72.6M. In its most recent filing year (2023), Raritan Valley Community College Dir Of Budget & Finance Office reported a surplus of $11.2M, with revenue exceeding expenses. The organization holds $34.3M in liabilities against $112.1M in assets (debt-to-asset ratio: 30.6%), resulting in net assets of $77.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $83.8M | $72.6M | $112.1M | $34.3M | — | — |
| 2022 | $75.9M | $76.5M | $101.1M | $34.0M | — | View 990 |
| 2021 | $84.3M | $77.7M | $103.4M | $38.7M | — | View 990 |
| 2020 | $77.5M | $74.8M | $98.4M | $40.4M | — | View 990 |
| 2019 | $78.5M | $76.2M | $97.1M | $40.8M | — | View 990 |
| 2018 | $75.5M | $78.1M | $96.8M | $42.7M | — | View 990 |
| 2017 | $66.8M | $71.0M | $101.5M | $44.9M | — | View 990 |
| 2016 | $64.8M | $65.4M | $95.1M | $34.3M | — | View 990 |
| 2015 | $73.2M | $65.1M | $93.7M | $32.3M | — | View 990 |
| 2014 | $70.4M | $62.7M | $84.2M | $9.8M | — | View 990 |
| 2013 | $62.6M | $63.2M | $77.1M | $10.4M | — | View 990 |
| 2012 | $65.9M | $62.6M | $77.6M | $10.3M | — | View 990 |
| 2011 | $60.9M | $63.9M | $73.2M | $9.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $83.8M, expenses of $72.6M, and assets of $112.1M (revenue +10.4% year-over-year).
- 2022: Revenue of $75.9M, expenses of $76.5M, and assets of $101.1M (revenue -9.9% year-over-year).
- 2021: Revenue of $84.3M, expenses of $77.7M, and assets of $103.4M (revenue +8.8% year-over-year).
- 2020: Revenue of $77.5M, expenses of $74.8M, and assets of $98.4M (revenue -1.3% year-over-year).
- 2019: Revenue of $78.5M, expenses of $76.2M, and assets of $97.1M (revenue +4.0% year-over-year).
- 2018: Revenue of $75.5M, expenses of $78.1M, and assets of $96.8M (revenue +13.0% year-over-year).
- 2017: Revenue of $66.8M, expenses of $71.0M, and assets of $101.5M (revenue +3.2% year-over-year).
- 2016: Revenue of $64.8M, expenses of $65.4M, and assets of $95.1M (revenue -11.6% year-over-year).
- 2015: Revenue of $73.2M, expenses of $65.1M, and assets of $93.7M (revenue +4.0% year-over-year).
- 2014: Revenue of $70.4M, expenses of $62.7M, and assets of $84.2M (revenue +12.5% year-over-year).
- 2013: Revenue of $62.6M, expenses of $63.2M, and assets of $77.1M (revenue -5.0% year-over-year).
- 2012: Revenue of $65.9M, expenses of $62.6M, and assets of $77.6M (revenue +8.3% year-over-year).
- 2011: Revenue of $60.9M, expenses of $63.9M, and assets of $73.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raritan Valley Community College Dir Of Budget & Finance Office:
Data Sources and Methodology
This transparency report for Raritan Valley Community College Dir Of Budget & Finance Office 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.