Ulster Community College Foundation Inc
Ulster Community College Foundation consistently generates significant surpluses, growing assets to nearly $18 million.
EIN: 141796265 · Stone Ridge, NY · NTEE: B82J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| Net Assets | $17.7M |
| Transparency Score | 90/100 |
Is Ulster Community College Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ulster Community College Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ulster Community College Foundation Inc
Ulster Community College Foundation Inc (EIN: 141796265) is a nonprofit organization based in Stone Ridge, NY, classified under NTEE code B82J. The organization reported total revenue of $2.9M and total assets of $18.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ulster Community College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ulster Community College Foundation Inc is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $17.7M |
| Total Liabilities | $96K |
| Net Assets | $17.7M |
| Operating Margin | 56.1% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 130.4 months |
Financial Health Grade: A
In 2023, Ulster Community College Foundation Inc reported a surplus of $2.1M with revenue exceeding expenses, holds 130.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ulster Community College Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | +15.4% | +17.7% |
| 2022 | +65.3% | +18.2% | +1.1% |
| 2021 | -32.2% | +4.5% | +25.0% |
| 2020 | -2.3% | +23.0% | +4.3% |
| 2019 | +159.1% | -15.2% | +19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Ulster Community College Foundation Inc with a Mission Score of 90 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, Ulster Community College Foundation 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 $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation in its IRS 990 filings, suggesting that either no officers receive compensation or it is reported in a different category, which is a positive indicator for transparency regarding executive pay relative to the organization's size and revenue.
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 Ulster Community College Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Ulster Community College Foundation Inc:
- Consistent revenue growth, from $825,543 in 2014 to $3,722,122 in 2023.
- Significant and consistent asset growth, reaching $17,748,484 in 2023.
- Strong financial surpluses, with revenue consistently exceeding expenses.
- Reported 0% officer compensation across all filings, indicating transparency or efficient use of funds for leadership.
- Low liabilities relative to assets, indicating strong financial stability (e.g., $95,940 liabilities vs. $17,748,484 assets in 2023).
Frequently Asked Questions about Ulster Community College Foundation Inc
Is Ulster Community College Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ulster Community College Foundation Inc (EIN: 141796265) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Ulster Community College Foundation Inc spend its money?
Ulster Community College Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ulster Community College Foundation Inc tax-deductible?
Ulster Community College Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141796265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ulster Community College Foundation Inc's spending goes to programs?
Ulster Community College Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ulster Community College Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Ulster Community College Foundation Inc is above average for NTEE category B82J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ulster Community College Foundation Inc located?
Ulster Community College Foundation Inc is headquartered in Stone Ridge, New York and files with the IRS under EIN 141796265. It is classified under NTEE code B82J.
How many years of IRS 990 filings does Ulster Community College Foundation Inc have?
Ulster Community College 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 $2.9M in total revenue.
Is Ulster Community College Foundation Inc a good charity?
Based on the provided financial data, the Ulster Community College Foundation Inc appears to be a financially healthy and well-managed organization. It consistently generates significant surpluses, has a growing asset base, and reports 0% officer compensation, all of which are positive indicators.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $825,543 in 2014 to $3,722,122 in 2023, and assets have more than doubled from $8,063,599 to $17,748,484 in the same period, demonstrating strong growth and financial stability.
What is the organization's spending efficiency?
The organization demonstrates strong spending efficiency. In 2023, expenses were $1,633,168 against revenue of $3,722,122, meaning only about 43.9% of its revenue was spent, allowing for substantial reinvestment and asset growth.
Filing History
IRS 990 filing history for Ulster Community College Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ulster Community College Foundation Inc's revenue has grown by 965.4%, moving from $349K to $3.7M. Total assets increased by 193% over the same period, from $6.1M to $17.7M. Total functional expenses rose by 424.5%, from $311K to $1.6M. In its most recent filing year (2023), Ulster Community College Foundation Inc reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $96K in liabilities against $17.7M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $17.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $1.6M | $17.7M | $96K | — | View 990 |
| 2022 | $3.3M | $1.4M | $15.1M | $167K | — | View 990 |
| 2021 | $2.0M | $1.2M | $14.9M | $57K | — | View 990 |
| 2020 | $3.0M | $1.1M | $11.9M | $48K | — | View 990 |
| 2019 | $3.0M | $932K | $11.4M | $24K | — | View 990 |
| 2018 | $1.2M | $1.1M | $9.6M | $223K | — | View 990 |
| 2017 | $1.1M | $845K | $9.1M | $80K | — | View 990 |
| 2016 | $887K | $859K | $8.3M | $152K | — | View 990 |
| 2015 | $1.2M | $484K | $8.6M | $205K | — | View 990 |
| 2014 | $826K | $454K | $8.1M | $201K | — | View 990 |
| 2013 | $498K | $319K | $6.8M | $187K | — | View 990 |
| 2012 | $646K | $317K | $6.1M | $176K | — | View 990 |
| 2011 | $349K | $311K | $6.1M | $163K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $1.6M, and assets of $17.7M (revenue +11.5% year-over-year).
- 2022: Revenue of $3.3M, expenses of $1.4M, and assets of $15.1M (revenue +65.3% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.2M, and assets of $14.9M (revenue -32.2% year-over-year).
- 2020: Revenue of $3.0M, expenses of $1.1M, and assets of $11.9M (revenue -2.3% year-over-year).
- 2019: Revenue of $3.0M, expenses of $932K, and assets of $11.4M (revenue +159.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $9.6M (revenue +4.1% year-over-year).
- 2017: Revenue of $1.1M, expenses of $845K, and assets of $9.1M (revenue +27.5% year-over-year).
- 2016: Revenue of $887K, expenses of $859K, and assets of $8.3M (revenue -26.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $484K, and assets of $8.6M (revenue +45.9% year-over-year).
- 2014: Revenue of $826K, expenses of $454K, and assets of $8.1M (revenue +65.8% year-over-year).
- 2013: Revenue of $498K, expenses of $319K, and assets of $6.8M (revenue -22.9% year-over-year).
- 2012: Revenue of $646K, expenses of $317K, and assets of $6.1M (revenue +84.9% year-over-year).
- 2011: Revenue of $349K, expenses of $311K, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ulster Community College Foundation Inc:
Data Sources and Methodology
This transparency report for Ulster Community College 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.