Solomon Schechter Day School Of Greater Monmouth County Inc
Solomon Schechter Day School: Stable Finances, High Program Spending
EIN: 222278628 · Marlboro, NJ · NTEE: B24Z · Updated: 2026-04-04
About Solomon Schechter Day School Of Greater Monmouth County Inc
Solomon Schechter Day School Of Greater Monmouth County Inc (EIN: 222278628) is a nonprofit organization based in Marlboro, NJ, classified under NTEE code B24Z. The organization reported total revenue of $10.5M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solomon Schechter Day School Of Greater Monmouth County 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 Solomon Schechter Day School Of Greater Monmouth County 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Solomon Schechter Day School Of Greater Monmouth County 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.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the summarized data, preventing a specific assessment of individual salaries.
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 Solomon Schechter Day School Of Greater Monmouth County Inc:
- Strong financial health with assets consistently outweighing liabilities.
- Consistent revenue growth over the past several years.
- High percentage of expenses dedicated to programs, indicating efficient use of funds for its mission.
- No reported related-party compensation, suggesting good governance practices.
Frequently Asked Questions about Solomon Schechter Day School Of Greater Monmouth County Inc
What does Solomon Schechter Day School Of Greater Monmouth County Inc do?
Solomon Schechter Day School Of Greater Monmouth County Inc is a nonprofit organization in the Education sector, located in Marlboro, New Jersey. It is classified under NTEE code B24Z.
How much revenue does Solomon Schechter Day School Of Greater Monmouth County Inc have?
Solomon Schechter Day School Of Greater Monmouth County Inc reported total revenue of $10,521,945. Based on 13 IRS 990 filings on record.
What are Solomon Schechter Day School Of Greater Monmouth County Inc's total assets?
Solomon Schechter Day School Of Greater Monmouth County Inc holds total assets of $7,219,394 as reported in IRS 990 filings.
Where is Solomon Schechter Day School Of Greater Monmouth County Inc located?
Solomon Schechter Day School Of Greater Monmouth County Inc is based in Marlboro, New Jersey.
What is Solomon Schechter Day School Of Greater Monmouth County Inc's EIN?
Solomon Schechter Day School Of Greater Monmouth County Inc's Employer Identification Number (EIN) is 222278628. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Solomon Schechter Day School Of Greater Monmouth County Inc?
Solomon Schechter Day School Of Greater Monmouth County Inc is classified under NTEE code B24Z (Education).
Is Solomon Schechter Day School Of Greater Monmouth County Inc a registered 501(c)(3)?
Yes, Solomon Schechter Day School Of Greater Monmouth County Inc is recognized as a tax-exempt organization by the IRS. EIN: 222278628.
Does Solomon Schechter Day School Of Greater Monmouth County Inc file IRS Form 990?
Yes, Solomon Schechter Day School Of Greater Monmouth County Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Solomon Schechter Day School Of Greater Monmouth County Inc's revenue in 2023?
In the 202306 filing period, Solomon Schechter Day School Of Greater Monmouth County Inc reported total revenue of $3,741,304, total expenses of $3,809,531, and net assets of $7,361,141.
Is Solomon Schechter Day School Of Greater Monmouth County Inc's revenue growing or declining?
Solomon Schechter Day School Of Greater Monmouth County Inc's revenue is relatively stable. Revenue went from $3,562,994 (202206) to $3,741,304 (202306), a +5.0% change. Based on 13 filings on record.
What is Solomon Schechter Day School Of Greater Monmouth County Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Solomon Schechter Day School Of Greater Monmouth County Inc covers tax period 202306. It shows revenue of $3,741,304, expenses of $3,809,531, total assets of $7,361,141, and liabilities of $530,535.
How much does Solomon Schechter Day School Of Greater Monmouth County Inc spend on programs vs administration?
Based on IRS 990 analysis, Solomon Schechter Day School Of Greater Monmouth County Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Solomon Schechter Day School Of Greater Monmouth County Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Solomon Schechter Day School Of Greater Monmouth County Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Solomon Schechter Day School Of Greater Monmouth County Inc's strengths?
Positive indicators for Solomon Schechter Day School Of Greater Monmouth County Inc include: Strong financial health with assets consistently outweighing liabilities.. Consistent revenue growth over the past several years.. High percentage of expenses dedicated to programs, indicating efficient use of funds for its mission.. No reported related-party compensation, suggesting good governance practices.. These findings are derived from AI analysis of the organization's financial filings.
How does Solomon Schechter Day School Of Greater Monmouth County Inc compensate executives?
Executive compensation details are not explicitly provided in the summarized data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the school managed to maintain a low liability-to-asset ratio despite fluctuations in revenue and expenses over the years?
The school has consistently maintained a low liability-to-asset ratio, with liabilities of $530,535 against assets of $7,361,141 in 2023, suggesting prudent financial management and strong asset accumulation relative to debt.
What factors contributed to the significant revenue increase from $2,642,727 in 2020 to $3,741,304 in 2023?
The data shows a substantial increase in revenue from $2,642,727 in 2020 to $3,741,304 in 2023, indicating successful fundraising efforts, increased enrollment, or other income-generating activities post-pandemic.
Filing History
IRS 990 filing history for Solomon Schechter Day School Of Greater Monmouth County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Solomon Schechter Day School Of Greater Monmouth County Inc's revenue has grown by 18.9%, moving from $3.1M to $3.7M. Total assets increased by 162.8% over the same period, from $2.8M to $7.4M. Total functional expenses rose by 36.7%, from $2.8M to $3.8M. In its most recent filing year (2023), Solomon Schechter Day School Of Greater Monmouth County Inc reported a deficit of $68K, with expenses exceeding revenue. The organization holds $531K in liabilities against $7.4M in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $3.8M | $7.4M | $531K | — | — |
| 2022 | $3.6M | $2.9M | $5.3M | $563K | — | View 990 |
| 2021 | $2.7M | $2.5M | $5.4M | $1.3M | — | View 990 |
| 2020 | $2.6M | $2.8M | $4.6M | $715K | — | View 990 |
| 2019 | $5.2M | $2.8M | $4.6M | $505K | — | View 990 |
| 2018 | $2.6M | $2.6M | $2.2M | $429K | — | View 990 |
| 2017 | $2.5M | $2.6M | $2.2M | $481K | — | View 990 |
| 2016 | $2.5M | $2.6M | $2.4M | $503K | — | View 990 |
| 2015 | $2.3M | $2.5M | $2.5M | $465K | — | View 990 |
| 2014 | $2.5M | $2.4M | $3.0M | $782K | — | View 990 |
| 2013 | $3.1M | $3.0M | $3.1M | $680K | — | View 990 |
| 2012 | $3.0M | $2.9M | $3.1M | $773K | — | View 990 |
| 2011 | $3.1M | $2.8M | $2.8M | $603K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $3.8M, and assets of $7.4M (revenue +5.0% year-over-year).
- 2022: Revenue of $3.6M, expenses of $2.9M, and assets of $5.3M (revenue +33.6% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.5M, and assets of $5.4M (revenue +1.0% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.8M, and assets of $4.6M (revenue -49.2% year-over-year).
- 2019: Revenue of $5.2M, expenses of $2.8M, and assets of $4.6M (revenue +98.2% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.6M, and assets of $2.2M (revenue +4.2% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.6M, and assets of $2.2M (revenue +2.6% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.6M, and assets of $2.4M (revenue +6.0% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.5M, and assets of $2.5M (revenue -5.8% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.4M, and assets of $3.0M (revenue -21.2% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.0M, and assets of $3.1M (revenue +2.5% year-over-year).
- 2012: Revenue of $3.0M, expenses of $2.9M, and assets of $3.1M (revenue -3.4% year-over-year).
- 2011: Revenue of $3.1M, expenses of $2.8M, and assets of $2.8M.
Data Sources and Methodology
This transparency report for Solomon Schechter Day School Of Greater Monmouth County 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.