Research And Development Council Of New Jersey Inc
New Jersey R&D Council: Consistent Program Spending, Modest Growth
EIN: 222188362 · Chatham, NJ · NTEE: U03 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| Net Assets | $665K |
| Transparency Score | 75/100 |
Is Research And Development Council Of New Jersey Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Research And Development Council Of New Jersey Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Research And Development Council Of New Jersey Inc
Research And Development Council Of New Jersey Inc (EIN: 222188362) is a nonprofit organization based in Chatham, NJ, classified under NTEE code U03. The organization reported total revenue of $1.2M and total assets of $802K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Research And Development Council Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Research And Development Council Of New Jersey Inc is a mid-size nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$108K |
| Total Assets | $665K |
| Net Assets | $665K |
| Operating Margin | 8.3% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2023, Research And Development Council Of New Jersey Inc reported a surplus of $108K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), Research And Development Council Of New Jersey Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.8% | +68.1% | +19.5% |
| 2022 | -31.4% | -27.8% | +38.1% |
| 2021 | +74.0% | +39.1% | +217.2% |
| 2020 | +21.5% | +22.8% | +233.0% |
| 2018 | +256.2% | +211.2% | +104.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2004 |
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 Research And Development Council Of New Jersey Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Research And Development Council Of New Jersey Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $108K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, suggesting it is either minimal or not separately reported as a significant expense item in the 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 Research And Development Council Of New Jersey Inc:
- Consistently high percentage of expenses dedicated to programs (e.g., 85% in 202306 based on 'x' as total expenses and 'p' as program expenses).
- Positive net assets growth over several years, indicating financial stability and accumulation of resources.
- Revenue has shown growth in recent years, reaching $1,308,475 in 202306, up from $867,528 in 202206.
Frequently Asked Questions about Research And Development Council Of New Jersey Inc
Is Research And Development Council Of New Jersey Inc a legitimate charity?
Research And Development Council Of New Jersey Inc (EIN: 222188362) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Research And Development Council Of New Jersey Inc spend its money?
Research And Development Council Of New Jersey Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Research And Development Council Of New Jersey Inc tax-deductible?
Research And Development Council Of New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 222188362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Research And Development Council Of New Jersey Inc's spending goes to programs?
Research And Development Council Of New Jersey Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Research And Development Council Of New Jersey Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Research And Development Council Of New Jersey Inc is above average for NTEE category U03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Research And Development Council Of New Jersey Inc located?
Research And Development Council Of New Jersey Inc is headquartered in Chatham, New Jersey and files with the IRS under EIN 222188362. It is classified under NTEE code U03.
How many years of IRS 990 filings does Research And Development Council Of New Jersey Inc have?
Research And Development Council Of New Jersey Inc has 11 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 $1.2M in total revenue.
What does Research And Development Council Of New Jersey Inc do?
Research And Development Council Of New Jersey Inc is a nonprofit organization in the Science & Technology sector, located in Chatham, New Jersey. It is classified under NTEE code U03.
How much revenue does Research And Development Council Of New Jersey Inc have?
Research And Development Council Of New Jersey Inc reported total revenue of $1,225,053. Based on 11 IRS 990 filings on record.
What are Research And Development Council Of New Jersey Inc's total assets?
Research And Development Council Of New Jersey Inc holds total assets of $802,003 as reported in IRS 990 filings.
Where is Research And Development Council Of New Jersey Inc located?
Research And Development Council Of New Jersey Inc is based in Chatham, New Jersey.
What is Research And Development Council Of New Jersey Inc's EIN?
Research And Development Council Of New Jersey Inc's Employer Identification Number (EIN) is 222188362. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Research And Development Council Of New Jersey Inc?
Research And Development Council Of New Jersey Inc is classified under NTEE code U03 (Science & Technology).
Is Research And Development Council Of New Jersey Inc a registered 501(c)(3)?
Yes, Research And Development Council Of New Jersey Inc is recognized as a tax-exempt organization by the IRS. EIN: 222188362.
Does Research And Development Council Of New Jersey Inc file IRS Form 990?
Yes, Research And Development Council Of New Jersey Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Research And Development Council Of New Jersey Inc's revenue in 2023?
In the 202306 filing period, Research And Development Council Of New Jersey Inc reported total revenue of $1,308,475, total expenses of $1,200,099, and net assets of $665,027.
Is Research And Development Council Of New Jersey Inc's revenue growing or declining?
Research And Development Council Of New Jersey Inc's revenue is growing. Revenue went from $867,528 (202206) to $1,308,475 (202306), a +50.8% change. Based on 11 filings on record.
What is Research And Development Council Of New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Research And Development Council Of New Jersey Inc covers tax period 202306. It shows revenue of $1,308,475, expenses of $1,200,099, total assets of $665,027, and liabilities of N/A.
How much does Research And Development Council Of New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Research And Development Council Of New Jersey Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Research And Development Council Of New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Research And Development Council Of New Jersey Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Research And Development Council Of New Jersey Inc's strengths?
Positive indicators for Research And Development Council Of New Jersey Inc include: Consistently high percentage of expenses dedicated to programs (e.g., 85% in 202306 based on 'x' as total expenses and 'p' as program expenses).. Positive net assets growth over several years, indicating financial stability and accumulation of resources.. Revenue has shown growth in recent years, reaching $1,308,475 in 202306, up from $867,528 in 202206.. These findings are derived from AI analysis of the organization's financial filings.
How does Research And Development Council Of New Jersey Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, suggesting it is either minimal or not separately reported as a significant expense item in the 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 organization's focus on 'Research And Development' translate into specific program activities, given the high program spending?
While the financial data shows a strong commitment to program spending (e.g., 85% of expenses in 202306), the specific nature of these R&D programs (e.g., grants, educational initiatives, direct research) is not detailed in the provided financial summary. Further qualitative information would be needed to understand the impact of these programs.
What factors contributed to the significant revenue increase from $867,528 in 202206 to $1,308,475 in 202306?
The provided data does not specify the sources of revenue (e.g., grants, contributions, membership fees). A detailed breakdown of revenue streams in the 202306 filing would be necessary to understand the drivers behind this substantial year-over-year increase.
Filing History
IRS 990 filing history for Research And Development Council Of New Jersey Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Research And Development Council Of New Jersey Inc's revenue has grown by 622%, moving from $181K to $1.3M. Total assets increased by 13795.3% over the same period, from $5K to $665K. Total functional expenses rose by 459.8%, from $214K to $1.2M. In its most recent filing year (2023), Research And Development Council Of New Jersey Inc reported a surplus of $108K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.2M | $665K | $0 | — | View 990 |
| 2022 | $868K | $714K | $557K | $0 | — | View 990 |
| 2021 | $1.3M | $990K | $403K | $0 | — | View 990 |
| 2020 | $727K | $711K | $127K | $0 | — | View 990 |
| 2018 | $599K | $579K | $38K | $0 | — | View 990 |
| 2017 | $168K | $186K | $19K | $0 | — | View 990 |
| 2016 | $263K | $248K | $37K | $0 | — | View 990 |
| 2015 | $322K | $354K | $22K | $0 | — | View 990 |
| 2014 | $142K | $108K | $54K | $0 | — | View 990 |
| 2013 | $157K | $159K | $20K | $0 | — | View 990 |
| 2011 | $181K | $214K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $665K (revenue +50.8% year-over-year).
- 2022: Revenue of $868K, expenses of $714K, and assets of $557K (revenue -31.4% year-over-year).
- 2021: Revenue of $1.3M, expenses of $990K, and assets of $403K (revenue +74.0% year-over-year).
- 2020: Revenue of $727K, expenses of $711K, and assets of $127K (revenue +21.5% year-over-year).
- 2018: Revenue of $599K, expenses of $579K, and assets of $38K (revenue +256.2% year-over-year).
- 2017: Revenue of $168K, expenses of $186K, and assets of $19K (revenue -36.1% year-over-year).
- 2016: Revenue of $263K, expenses of $248K, and assets of $37K (revenue -18.2% year-over-year).
- 2015: Revenue of $322K, expenses of $354K, and assets of $22K (revenue +126.3% year-over-year).
- 2014: Revenue of $142K, expenses of $108K, and assets of $54K (revenue -9.6% year-over-year).
- 2013: Revenue of $157K, expenses of $159K, and assets of $20K (revenue -13.2% year-over-year).
- 2011: Revenue of $181K, expenses of $214K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Research And Development Council Of New Jersey Inc:
Data Sources and Methodology
This transparency report for Research And Development Council Of New Jersey 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.