Charity Search / MONTCLAIR STATE UNIVERSITY FOUNDATION INC
Education (B110) IRS Verified DX Registered 990 on File

MONTCLAIR STATE UNIVERSITY FOUNDATION INC

EIN: 22-6017209 · MONTCLAIR, NJ 07043-1624 · United States · FY 2025 Data
3 out of 5 54 / 100 Based on 2+ years of filings
Financial strength (30%) 80/100
Reliability (20%) 55/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
CharityAI™ Score
Not yet evaluated
Mission Statement

The Montclair State University Foundation, Inc. was created in 1960 by alumni and friends to provide financially for the educational needs of Montclair State. The Foundation is a separate not-for-profit 501 (c) (3) corporation established under the laws of the State of New Jersey. It has been designated by the Board of Trustees of Montclair State University to solicit, receive, hold and manage funds and property on behalf of the University. Since its inception, Montclair State University Foundation has received contributions from alumni, businesses, corporations, private foundations, and other friends engaged in educational philanthropy. The Foundation endowment is valued at more than $100 million. The Foundation ensures professional management and stewardship of contributions to support specific programs and projects at Montclair State University and maintains strict adherence to the donor’s philanthropic intentions. The Foundation provides support for University fundraising and capital campaigns, sponsors more than 500 annual scholarships and underwrites a variety of programs to reward excellent teaching and scholarship. The Foundation’s funds support worthy programs in both the academic area and student life, improve facilities, and cover costs of special, unanticipated opportunities that would otherwise go unrealized.

Financial Overview — FY 2025
$35.6M
Total Revenue
$14.6M
Total Expenses
$163.2M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 82.4%
Fundraising Efficiency 457.6%
Operating Reserve 134.01x
Liability-to-Asset 3.0%
Revenue Diversification 87.0%
Compared with Peers
FY 2025
Compared with 1,677 similar organizations (United States, Education, $10M–$100M in expenses), FY 2025.
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
82.4% 84.4%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
15.7% 13.6%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
2.0% 0.4%
P10P90
Below median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
457.6% 546.8%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
134.0 mo 10.4 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
3.0% 32.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
87.0% 88.4%
P10P90
Above median
Revenue growth
Year over year revenue growth
140.3% 5.5%
P10P90
Expense growth
Year over year expense growth
62.0% 5.6%
P10P90
Surplus margin
Surplus as a share of revenue
58.9% 3.1%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $35.6M $14.6M $163.2M 82.4% 0
2024 $14.8M $9.0M $132.1M 81.8% 0
2023 $15.3M $10.4M $115.3M 83.4% 0
2022 $13.3M $8.6M $104.8M 80.6% 0
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Organization Details
EIN
22-6017209
State
NJ
City
MONTCLAIR
ZIP
07043-1624
Classification
B110
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1960
Foundation Code
15
Form 990
On File
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