The College Of New Jersey Foundation Inc
TCNJ Foundation: Strong Asset Growth, High Program Spending
EIN: 222448189 · Ewing, NJ · NTEE: B42I · Updated: 2026-04-04
About The College Of New Jersey Foundation Inc
The College Of New Jersey Foundation Inc (EIN: 222448189) is a nonprofit organization based in Ewing, NJ, classified under NTEE code B42I. The organization reported total revenue of $28.5M and total assets of $81.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The College Of New Jersey Foundation 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 The College Of New Jersey Foundation 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: 80%
- fundraising: 10%
According to IRS 990 filings, The College Of New Jersey Foundation Inc 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 explicitly detailed in the provided data, making a specific assessment difficult without further information on 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 The College Of New Jersey Foundation Inc:
- Significant asset growth from $34.7M in 2016 to $81.0M in 2023, indicating strong financial health and investment management.
- Consistently low liabilities relative to assets, demonstrating fiscal responsibility.
- High percentage of expenses directed towards programs, suggesting effective use of funds for its mission.
Frequently Asked Questions about The College Of New Jersey Foundation Inc
What does The College Of New Jersey Foundation Inc do?
The College Of New Jersey Foundation Inc is a nonprofit organization in the Education sector, located in Ewing, New Jersey. It is classified under NTEE code B42I.
How much revenue does The College Of New Jersey Foundation Inc have?
The College Of New Jersey Foundation Inc reported total revenue of $28,510,887. Based on 13 IRS 990 filings on record.
What are The College Of New Jersey Foundation Inc's total assets?
The College Of New Jersey Foundation Inc holds total assets of $81,007,541 as reported in IRS 990 filings.
Where is The College Of New Jersey Foundation Inc located?
The College Of New Jersey Foundation Inc is based in Ewing, New Jersey.
What is The College Of New Jersey Foundation Inc's EIN?
The College Of New Jersey Foundation Inc's Employer Identification Number (EIN) is 222448189. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The College Of New Jersey Foundation Inc?
The College Of New Jersey Foundation Inc is classified under NTEE code B42I (Education).
Is The College Of New Jersey Foundation Inc a registered 501(c)(3)?
Yes, The College Of New Jersey Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222448189.
Does The College Of New Jersey Foundation Inc file IRS Form 990?
Yes, The College Of New Jersey Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was The College Of New Jersey Foundation Inc's revenue in 2023?
In the 202306 filing period, The College Of New Jersey Foundation Inc reported total revenue of $8,134,492, total expenses of $12,128,100, and net assets of $63,000,599.
Is The College Of New Jersey Foundation Inc's revenue growing or declining?
The College Of New Jersey Foundation Inc's revenue is declining. Revenue went from $30,765,630 (202206) to $8,134,492 (202306), a -73.6% change. Based on 13 filings on record.
What is The College Of New Jersey Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The College Of New Jersey Foundation Inc covers tax period 202306. It shows revenue of $8,134,492, expenses of $12,128,100, total assets of $63,000,599, and liabilities of $5,374,947.
How much does The College Of New Jersey Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, The College Of New Jersey Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The College Of New Jersey Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The College Of New Jersey Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are The College Of New Jersey Foundation Inc's strengths?
Positive indicators for The College Of New Jersey Foundation Inc include: Significant asset growth from $34.7M in 2016 to $81.0M in 2023, indicating strong financial health and investment management.. Consistently low liabilities relative to assets, demonstrating fiscal responsibility.. High percentage of expenses directed towards programs, suggesting effective use of funds for its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does The College Of New Jersey Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the foundation managed to achieve such substantial asset growth despite fluctuating revenues?
The foundation has demonstrated strong asset management, growing from $34.7M in 2016 to $81.0M in 2023, even with revenue fluctuations (e.g., $30.7M in 2022 vs. $8.1M in 2023), suggesting effective investment strategies and donor cultivation beyond annual revenue cycles.
What factors contributed to the significant drop in reported revenue from $30.7M in 2022 to $8.1M in 2023?
The substantial decrease in reported revenue from $30,765,630 in 2022 to $8,134,492 in 2023 warrants further investigation. This could be due to a large one-time donation in 2022, a change in reporting methodology, or a significant decline in fundraising efforts or investment returns in 2023.
Filing History
IRS 990 filing history for The College Of New Jersey Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The College Of New Jersey Foundation Inc's revenue has grown by 40.7%, moving from $5.8M to $8.1M. Total assets increased by 159.2% over the same period, from $24.3M to $63.0M. Total functional expenses rose by 210.3%, from $3.9M to $12.1M. In its most recent filing year (2023), The College Of New Jersey Foundation Inc reported a deficit of $4.0M, with expenses exceeding revenue. The organization holds $5.4M in liabilities against $63.0M in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $57.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $8.1M | $12.1M | $63.0M | $5.4M | — | View 990 |
| 2022 | $30.8M | $9.4M | $60.4M | $4.7M | — | View 990 |
| 2021 | $16.8M | $8.9M | $70.2M | $8.0M | — | View 990 |
| 2020 | $11.7M | $6.1M | $50.9M | $2.7M | — | View 990 |
| 2019 | $13.0M | $6.3M | $47.5M | $5.1M | — | View 990 |
| 2018 | $7.0M | $6.2M | $41.5M | $5.2M | — | View 990 |
| 2017 | $9.9M | $6.3M | $39.4M | $4.6M | — | View 990 |
| 2016 | $7.3M | $5.5M | $34.7M | $3.9M | — | View 990 |
| 2015 | $7.8M | $5.2M | $34.6M | $4.3M | — | View 990 |
| 2014 | $7.6M | $5.6M | $33.2M | $3.8M | — | View 990 |
| 2013 | $6.2M | $3.7M | $28.5M | $3.3M | — | View 990 |
| 2012 | $5.1M | $3.8M | $24.7M | $2.8M | — | View 990 |
| 2011 | $5.8M | $3.9M | $24.3M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.1M, expenses of $12.1M, and assets of $63.0M (revenue -73.6% year-over-year).
- 2022: Revenue of $30.8M, expenses of $9.4M, and assets of $60.4M (revenue +83.6% year-over-year).
- 2021: Revenue of $16.8M, expenses of $8.9M, and assets of $70.2M (revenue +43.2% year-over-year).
- 2020: Revenue of $11.7M, expenses of $6.1M, and assets of $50.9M (revenue -9.8% year-over-year).
- 2019: Revenue of $13.0M, expenses of $6.3M, and assets of $47.5M (revenue +84.6% year-over-year).
- 2018: Revenue of $7.0M, expenses of $6.2M, and assets of $41.5M (revenue -28.7% year-over-year).
- 2017: Revenue of $9.9M, expenses of $6.3M, and assets of $39.4M (revenue +35.9% year-over-year).
- 2016: Revenue of $7.3M, expenses of $5.5M, and assets of $34.7M (revenue -6.9% year-over-year).
- 2015: Revenue of $7.8M, expenses of $5.2M, and assets of $34.6M (revenue +3.2% year-over-year).
- 2014: Revenue of $7.6M, expenses of $5.6M, and assets of $33.2M (revenue +22.4% year-over-year).
- 2013: Revenue of $6.2M, expenses of $3.7M, and assets of $28.5M (revenue +19.9% year-over-year).
- 2012: Revenue of $5.1M, expenses of $3.8M, and assets of $24.7M (revenue -10.9% year-over-year).
- 2011: Revenue of $5.8M, expenses of $3.9M, and assets of $24.3M.
Data Sources and Methodology
This transparency report for The College Of New Jersey Foundation 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.