Somerset County Park Foundation
Somerset County Park Foundation: Consistent Growth, Strong Program Focus
EIN: 222562113 · North Branch, NJ · Updated: 2026-04-04
Is Somerset County Park Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Somerset County Park Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Somerset County Park Foundation
Somerset County Park Foundation (EIN: 222562113) is a nonprofit organization based in North Branch, NJ. The organization reported total revenue of $329K and total assets of $710K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somerset County Park Foundation'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 Somerset County Park Foundation 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: 80%
- fundraising: 10%
According to IRS 990 filings, Somerset County Park Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, indicating that no officers, directors, or key employees received compensation above the reporting threshold.
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 Somerset County Park Foundation:
- Consistent revenue generation over multiple years, with total revenue reaching $210,544 in 2023.
- Healthy asset growth, increasing from $324,524 in 2017 to $627,500 in 2023, demonstrating financial stability.
- Low liabilities, consistently reported at $3,900 or less, indicating strong financial management and minimal debt.
- A high percentage of expenses are directed towards program services, reflecting a strong commitment to their mission.
Frequently Asked Questions about Somerset County Park Foundation
Is Somerset County Park Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Somerset County Park Foundation (EIN: 222562113) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Somerset County Park Foundation spend its money?
Somerset County Park Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Somerset County Park Foundation tax-deductible?
Somerset County Park Foundation is registered as a tax-exempt nonprofit (EIN: 222562113). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Somerset County Park Foundation do?
Somerset County Park Foundation is a nonprofit organization in the Unknown sector, located in North Branch, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Somerset County Park Foundation have?
Somerset County Park Foundation reported total revenue of $329,028. Based on 12 IRS 990 filings on record.
What are Somerset County Park Foundation's total assets?
Somerset County Park Foundation holds total assets of $710,247 as reported in IRS 990 filings.
Where is Somerset County Park Foundation located?
Somerset County Park Foundation is based in North Branch, New Jersey.
What is Somerset County Park Foundation's EIN?
Somerset County Park Foundation's Employer Identification Number (EIN) is 222562113. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Somerset County Park Foundation?
Somerset County Park Foundation is classified under NTEE code Unknown (Unknown).
Is Somerset County Park Foundation a registered 501(c)(3)?
Somerset County Park Foundation appears in IRS records (EIN: 222562113). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Somerset County Park Foundation file IRS Form 990?
Yes, Somerset County Park Foundation has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Somerset County Park Foundation's revenue in 2023?
In the 202312 filing period, Somerset County Park Foundation reported total revenue of $210,544, total expenses of $138,119, and net assets of $627,500.
Is Somerset County Park Foundation's revenue growing or declining?
Somerset County Park Foundation's revenue is declining. Revenue went from $239,919 (202212) to $210,544 (202312), a -12.2% change. Based on 12 filings on record.
What is Somerset County Park Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Somerset County Park Foundation covers tax period 202312. It shows revenue of $210,544, expenses of $138,119, total assets of $627,500, and liabilities of $3,900.
How much does Somerset County Park Foundation spend on programs vs administration?
Based on IRS 990 analysis, Somerset County Park Foundation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Somerset County Park Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Somerset County Park Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Somerset County Park Foundation's strengths?
Positive indicators for Somerset County Park Foundation include: Consistent revenue generation over multiple years, with total revenue reaching $210,544 in 2023.. Healthy asset growth, increasing from $324,524 in 2017 to $627,500 in 2023, demonstrating financial stability.. Low liabilities, consistently reported at $3,900 or less, indicating strong financial management and minimal debt.. A high percentage of expenses are directed towards program services, reflecting a strong commitment to their mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Somerset County Park Foundation compensate executives?
Executive compensation is not reported in the provided filings, indicating that no officers, directors, or key employees received compensation above the reporting threshold. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the Somerset County Park Foundation managed to consistently grow its assets while maintaining relatively stable revenue over the past several years?
The foundation has consistently grown its assets from $324,524 in 2017 to $627,500 in 2023, despite revenue fluctuations (e.g., $239,919 in 2022 vs. $210,544 in 2023). This suggests effective investment strategies, prudent expense management, or potentially significant non-cash contributions not fully detailed in the provided summary data.
Given the consistent 'c0%' for fundraising costs, how does the organization manage to raise funds without incurring significant direct fundraising expenses?
The 'c0%' for fundraising costs across multiple years suggests that the organization either relies heavily on volunteer efforts for fundraising, receives grants or donations without direct solicitation costs, or that fundraising expenses are categorized under administrative or program expenses in a way that doesn't trigger a separate reporting line for 'fundraising costs' in the provided summary. This could indicate highly efficient fundraising or a different accounting approach.
Filing History
IRS 990 filing history for Somerset County Park Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Somerset County Park Foundation's revenue has grown by 123.5%, moving from $94K to $211K. Total assets increased by 34.3% over the same period, from $467K to $628K. Total functional expenses rose by 30.4%, from $106K to $138K. In its most recent filing year (2023), Somerset County Park Foundation reported a surplus of $72K, with revenue exceeding expenses. The organization holds $4K in liabilities against $628K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $624K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $138K | $628K | $4K | — | — |
| 2022 | $240K | $234K | $555K | $4K | — | — |
| 2021 | $215K | $116K | $549K | $4K | — | View 990 |
| 2020 | $152K | $146K | $450K | $4K | — | — |
| 2019 | $174K | $100K | $444K | $4K | — | View 990 |
| 2018 | $170K | $125K | $370K | $4K | — | View 990 |
| 2017 | $165K | $130K | $325K | $4K | — | View 990 |
| 2015 | $141K | $115K | $419K | $4K | — | View 990 |
| 2014 | $137K | $201K | $422K | $32K | — | View 990 |
| 2013 | $154K | $142K | $460K | $5K | — | View 990 |
| 2012 | $143K | $165K | $446K | $3K | — | View 990 |
| 2011 | $94K | $106K | $467K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $138K, and assets of $628K (revenue -12.2% year-over-year).
- 2022: Revenue of $240K, expenses of $234K, and assets of $555K (revenue +11.6% year-over-year).
- 2021: Revenue of $215K, expenses of $116K, and assets of $549K (revenue +41.1% year-over-year).
- 2020: Revenue of $152K, expenses of $146K, and assets of $450K (revenue -12.7% year-over-year).
- 2019: Revenue of $174K, expenses of $100K, and assets of $444K (revenue +2.5% year-over-year).
- 2018: Revenue of $170K, expenses of $125K, and assets of $370K (revenue +3.2% year-over-year).
- 2017: Revenue of $165K, expenses of $130K, and assets of $325K (revenue +17.0% year-over-year).
- 2015: Revenue of $141K, expenses of $115K, and assets of $419K (revenue +2.9% year-over-year).
- 2014: Revenue of $137K, expenses of $201K, and assets of $422K (revenue -11.2% year-over-year).
- 2013: Revenue of $154K, expenses of $142K, and assets of $460K (revenue +7.6% year-over-year).
- 2012: Revenue of $143K, expenses of $165K, and assets of $446K (revenue +52.0% year-over-year).
- 2011: Revenue of $94K, expenses of $106K, and assets of $467K.
Data Sources and Methodology
This transparency report for Somerset County Park 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.