The Michael A J Farrell Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
The Michael A J Farrell Foundation Inc is a 501(c)(3) organization based in Summit, New Jersey, registered in 2000, with $11,955,728 in FY2024 revenue. CharityIndex grades it C+.
Po Box 3, Summit, NJ, 07902 EIN 31-1714697 Since 2000
Revenue (FY2024)
$12.0M
▲ 323465.0% vs prior year
Education median: $200K
Expenses (FY2024)
$605K
Net assets
$13.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Michael A J Farrell Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating267 mo reserves · +95% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Michael A J Farrell Foundation Inc: 267 mo reserves · +95% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Michael A J Farrell Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Michael A J Farrell Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 3, Summit, NJ, 07902
- City
- Summit
- State
- New Jersey
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
Financial trends
Revenue grew from $517K (FY2018) to $12.0M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1MNet assets $13.4M
Operating margin
94.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.5M
Total liabilities
$1.1M
Net assets
$13.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $11,955,728▲323465% | $605,109▲736% | $13,446,636▲3722% | $14,548,900▲672% | 990 |
| 2023 | $3,695▲151% | $72,378▼17.2% | $351,846 | $1,883,891▼18.0% | 990 |
| 2022 | $1,474▼80.9% | $87,434▼29.3% | $351,846▼19.6% | $2,297,552▼17.4% | 990 |
| 2021 | $7,700▼85.4% | $123,587▼15.7% | $437,806▼20.9% | $2,782,121▼17.7% | 990 |
| 2020 | $52,680▼87.2% | $146,668▼23.9% | $553,693▼14.5% | $3,381,084▼9.2% | 990 |
| 2019 | $410,984▼20.5% | $192,677▼59.9% | $647,681▲50.8% | $3,723,681▼5.4% | 990 |
| 2018 | $516,974 | $480,312 | $429,374 | $3,937,374 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $75K total
2 grants to The Michael A J Farrell Foundation Inc totaling $75K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ayco Charitable Foundation | Community & human services | 2019 | $25,000 |
| National Philanthropic Tr | Public, societal benefit | 2017 | $50,000 |
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Frequently asked questions
- Is The Michael A J Farrell Foundation Inc a legitimate nonprofit?
- Yes. The Michael A J Farrell Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1714697, based in Summit, New Jersey. Donations are tax-deductible.
- What is The Michael A J Farrell Foundation Inc's EIN?
- The Michael A J Farrell Foundation Inc's Employer Identification Number (EIN) is 31-1714697.
- How much revenue does The Michael A J Farrell Foundation Inc report?
- The Michael A J Farrell Foundation Inc reported $11,955,728 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The Michael A J Farrell Foundation Inc have?
- CharityIndex grades The Michael A J Farrell Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for The Michael A J Farrell Foundation Inc (EIN 31-1714697) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.