Education (B99Z) IRS Verified DX Registered 990 on File

OCEAN COUNTY FOUNDATION FOR VOCATIONAL AND TECHNICAL EDUCATION

EIN: 22-3337226 · TOMS RIVER, NJ 08753-2703 · United States · FY 2023 Data

3 out of 5 55 / 100 Based on 2+ years of filings

Financial strength (30%) 76/100

Reliability (20%) 55/100

Effectiveness (25%) 83/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

The purpose of this Foundation is to ensure a quality education of those students who are attending the Ocean County Vocational and Technical School (OCVTS). The mission of this educational foundation is to augment, supplement and compliment OCVTS programs through the attraction of private resources for the exclusive benefit of students and staff. The Foundation’s work is focused on the employability of OCVTS students by providing its support in the following three areas: student development, promote community/ school partnerships and technology and training.

Financial Overview — FY 2023

$112K

Total Revenue

$232K

Total Expenses

$197K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 90.3%

Fundraising Efficiency 0.0%

Operating Reserve 10.19x

Liability-to-Asset 3.2%

Revenue Diversification 91.5%

Compared with Peers

FY 2023

Compared with 21,283 similar organizations (United States, Education, $100K–$1M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	90.3%	88.7%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	9.7%	8.8%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	0.0%	1.9%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	10.2 mo	9.7 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	3.2%	0.5%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	91.5%	90.2%	P10P90	Below median
Revenue growth Year over year revenue growth	-53.2%	8.6%	P10P90
Expense growth Year over year expense growth	184.7%	13.1%	P10P90
Surplus margin Surplus as a share of revenue	-107.7%	2.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2023	$112K	$232K	$197K	90.3%
2022	$238K	$81K	$317K	78.5%
2021	$66K	$81K	N/A	—

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Organization Details

EIN: 22-3337226
State: NJ
City: TOMS RIVER
ZIP: 08753-2703
Classification: B99Z
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1959
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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