Thomas Edison State University Foundation Inc
Thomas Edison State University Foundation: Strong Asset Growth, Variable Revenue
EIN: 222117814 · Trenton, NJ · NTEE: B42I · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $957K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $11.7M |
| Transparency Score | 75/100 |
Is Thomas Edison State University Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas Edison State University Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas Edison State University Foundation Inc
Thomas Edison State University Foundation Inc (EIN: 222117814) is a nonprofit organization based in Trenton, NJ, classified under NTEE code B42I. The organization reported total revenue of $2.5M and total assets of $14.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas Edison State University Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas Edison State University Foundation Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $794K |
| Total Expenses | $957K |
| Surplus / Deficit | $-162,897 |
| Total Assets | $12.4M |
| Total Liabilities | $757K |
| Net Assets | $11.7M |
| Operating Margin | -20.5% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 156.0 months |
Financial Health Grade: B
In 2023, Thomas Edison State University Foundation Inc reported a deficit of $163K with expenses exceeding revenue, holds 156.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thomas Edison State University Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +132.8% | +62.9% | +3.9% |
| 2022 | -84.2% | -32.7% | -17.5% |
| 2021 | +66.5% | +9.9% | +11.7% |
| 2020 | +2.9% | -21.3% | +12.4% |
| 2019 | -0.5% | -14.3% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
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 Thomas Edison State University Foundation 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: 80%
- fundraising: 10%
According to IRS 990 filings, Thomas Edison State University 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $163K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.1%.
Executive Compensation Analysis
The foundation consistently reports $0 in compensation for officers, directors, trustees, and key employees, suggesting these roles are filled by volunteers or compensated by the university directly, which is not detailed in the foundation's filings.
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.
Red Flags
The following concerns were identified during AI analysis of Thomas Edison State University Foundation Inc's IRS 990 filings:
- Revenue has shown significant year-over-year fluctuations, from $341,230 in 2022 to $2,483,692 in 2023, indicating potential reliance on large, infrequent donations.
- The Form 990s do not provide a detailed breakdown of program expenses beyond broad categories, making it difficult to assess specific program impact.
Strengths
The following positive indicators were identified for Thomas Edison State University Foundation Inc:
- Consistent growth in total assets, from $9,883,737 in 2016 to $14,061,512 in 2023, demonstrating strong financial stewardship.
- Low liability-to-asset ratio, indicating financial stability and minimal debt.
- The foundation consistently reports $0 in compensation for key personnel, suggesting efficient use of funds for its mission.
Frequently Asked Questions about Thomas Edison State University Foundation Inc
Is Thomas Edison State University Foundation Inc a legitimate charity?
Thomas Edison State University Foundation Inc (EIN: 222117814) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Thomas Edison State University Foundation Inc spend its money?
Thomas Edison State University Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Thomas Edison State University Foundation Inc tax-deductible?
Thomas Edison State University Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222117814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Thomas Edison State University Foundation Inc CEO make?
Thomas Edison State University Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Thomas Edison State University Foundation Inc's spending goes to programs?
Thomas Edison State University Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thomas Edison State University Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Thomas Edison State University Foundation Inc is above average for NTEE category B42I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thomas Edison State University Foundation Inc located?
Thomas Edison State University Foundation Inc is headquartered in Trenton, New Jersey and files with the IRS under EIN 222117814. It is classified under NTEE code B42I.
How many years of IRS 990 filings does Thomas Edison State University Foundation Inc have?
Thomas Edison State University Foundation Inc 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 $2.5M in total revenue.
What does Thomas Edison State University Foundation Inc do?
Thomas Edison State University Foundation Inc is a nonprofit organization in the Education sector, located in Trenton, New Jersey. It is classified under NTEE code B42I.
How much revenue does Thomas Edison State University Foundation Inc have?
Thomas Edison State University Foundation Inc reported total revenue of $2,483,692. Based on 13 IRS 990 filings on record.
What are Thomas Edison State University Foundation Inc's total assets?
Thomas Edison State University Foundation Inc holds total assets of $14,061,512 as reported in IRS 990 filings.
Where is Thomas Edison State University Foundation Inc located?
Thomas Edison State University Foundation Inc is based in Trenton, New Jersey.
What is Thomas Edison State University Foundation Inc's EIN?
Thomas Edison State University Foundation Inc's Employer Identification Number (EIN) is 222117814. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Thomas Edison State University Foundation Inc?
Thomas Edison State University Foundation Inc is classified under NTEE code B42I (Education).
Is Thomas Edison State University Foundation Inc a registered 501(c)(3)?
Yes, Thomas Edison State University Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222117814.
Does Thomas Edison State University Foundation Inc file IRS Form 990?
Yes, Thomas Edison State University Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Thomas Edison State University Foundation Inc's revenue in 2023?
In the 202306 filing period, Thomas Edison State University Foundation Inc reported total revenue of $794,410, total expenses of $957,307, and net assets of $12,447,159.
Is Thomas Edison State University Foundation Inc's revenue growing or declining?
Thomas Edison State University Foundation Inc's revenue is growing. Revenue went from $341,230 (202206) to $794,410 (202306), a +132.8% change. Based on 13 filings on record.
What is Thomas Edison State University Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Thomas Edison State University Foundation Inc covers tax period 202306. It shows revenue of $794,410, expenses of $957,307, total assets of $12,447,159, and liabilities of $756,761.
How much does Thomas Edison State University Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Thomas Edison State University Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Thomas Edison State University Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Thomas Edison State University Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Thomas Edison State University Foundation Inc?
The following concerns were identified: Revenue has shown significant year-over-year fluctuations, from $341,230 in 2022 to $2,483,692 in 2023, indicating potential reliance on large, infrequent donations.. The Form 990s do not provide a detailed breakdown of program expenses beyond broad categories, making it difficult to assess specific program impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Thomas Edison State University Foundation Inc's strengths?
Positive indicators for Thomas Edison State University Foundation Inc include: Consistent growth in total assets, from $9,883,737 in 2016 to $14,061,512 in 2023, demonstrating strong financial stewardship.. Low liability-to-asset ratio, indicating financial stability and minimal debt.. The foundation consistently reports $0 in compensation for key personnel, suggesting efficient use of funds for its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Thomas Edison State University Foundation Inc compensate executives?
The foundation consistently reports $0 in compensation for officers, directors, trustees, and key employees, suggesting these roles are filled by volunteers or compensated by the university directly, which is not detailed in the foundation's filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Thomas Edison State University Foundation Inc?
• Financial statements are publicly available through IRS Form 990 filings. • The organization consistently reports 0% compensation paid to officers, directors, trustees, and key employees from unrelated organizations. • Detailed program service accomplishments are outlined in Form 990, but specific impact metrics are not readily available. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the $0 reported executive compensation, how does the foundation ensure leadership continuity and professional management, and are there indirect compensation mechanisms not reflected in the 990?
The consistent reporting of $0 for executive compensation suggests that leadership roles may be voluntary or compensated directly by Thomas Edison State University, rather than through the foundation's budget. This arrangement could leverage university resources but also means the full cost of leadership is not transparent within the foundation's filings.
What factors contribute to the significant volatility in annual revenue, and what strategies are in place to stabilize funding for long-term program planning?
Revenue fluctuations, such as the jump from $341,230 in 2022 to $2,483,692 in 2023, could be due to reliance on large, one-time gifts or grants. To stabilize funding, the foundation might explore diversifying its donor base, establishing endowment growth campaigns, or developing recurring giving programs.
Filing History
IRS 990 filing history for Thomas Edison State University Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thomas Edison State University Foundation Inc's revenue has grown by 44.1%, moving from $551K to $794K. Total assets increased by 100.2% over the same period, from $6.2M to $12.4M. Total functional expenses rose by 147.2%, from $387K to $957K. In its most recent filing year (2023), Thomas Edison State University Foundation Inc reported a deficit of $163K, with expenses exceeding revenue. The organization holds $757K in liabilities against $12.4M in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $11.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $794K | $957K | $12.4M | $757K | — | — |
| 2022 | $341K | $588K | $12.0M | $822K | — | View 990 |
| 2021 | $2.2M | $873K | $14.5M | $632K | — | View 990 |
| 2020 | $1.3M | $794K | $13.0M | $784K | — | View 990 |
| 2019 | $1.3M | $1.0M | $11.6M | $539K | — | View 990 |
| 2018 | $1.3M | $1.2M | $10.1M | $643K | — | View 990 |
| 2017 | $1.7M | $1.2M | $11.7M | $1.1M | — | View 990 |
| 2016 | $1.0M | $786K | $9.9M | $739K | — | View 990 |
| 2015 | $1.3M | $682K | $9.5M | $847K | — | View 990 |
| 2014 | $2.8M | $1.6M | $9.8M | $1.3M | — | View 990 |
| 2013 | $1.1M | $772K | $8.0M | $428K | — | View 990 |
| 2012 | $1.3M | $402K | $6.8M | $252K | — | View 990 |
| 2011 | $551K | $387K | $6.2M | $288K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $794K, expenses of $957K, and assets of $12.4M (revenue +132.8% year-over-year).
- 2022: Revenue of $341K, expenses of $588K, and assets of $12.0M (revenue -84.2% year-over-year).
- 2021: Revenue of $2.2M, expenses of $873K, and assets of $14.5M (revenue +66.5% year-over-year).
- 2020: Revenue of $1.3M, expenses of $794K, and assets of $13.0M (revenue +2.9% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.0M, and assets of $11.6M (revenue -0.5% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $10.1M (revenue -25.5% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.2M, and assets of $11.7M (revenue +68.5% year-over-year).
- 2016: Revenue of $1.0M, expenses of $786K, and assets of $9.9M (revenue -22.8% year-over-year).
- 2015: Revenue of $1.3M, expenses of $682K, and assets of $9.5M (revenue -53.0% year-over-year).
- 2014: Revenue of $2.8M, expenses of $1.6M, and assets of $9.8M (revenue +151.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $772K, and assets of $8.0M (revenue -11.4% year-over-year).
- 2012: Revenue of $1.3M, expenses of $402K, and assets of $6.8M (revenue +127.1% year-over-year).
- 2011: Revenue of $551K, expenses of $387K, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas Edison State University Foundation Inc:
Data Sources and Methodology
This transparency report for Thomas Edison State University 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.