Community Foundation of New Jersey

Nonprofit profile at a glance

EIN
222281783
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2008
Location
Morristown, NJ, USA
Phone
9732675533
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$211,932,280
Expenses
$118,241,011
Assets
$1,000,436,937
Liabilities
$39,194,089

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Executive titles in this filing

  • HANS DEKKER (TRUSTEE, PRESIDENT/CEO)
  • ANTHONY FRAIZER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • HANS DEKKER (TRUSTEE, PRESIDENT/CEO): $677,240 total reported compensation
  • AARON TURNER (CHIEF PHILANTHROPIC OFFICER): $284,326 total reported compensation
  • ANTHONY FRAIZER (EXECUTIVE DIRECTOR): $219,307 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To connect donors to organizations, provide leadership and support to donors, community organizations, leaders and foundations to achieve the art of lasting philanthropy. Rebuilt a ski mountain** to provide skiing lessons for kids who lack access to the outdoors in the winter. The fund lent dollars to help the National Winter Activities Center refurbish the former Hidden Valley Ski Resort in Vernon to create the nation’s first nonprofit that supports learn-to-ski mountain activities. Secured a spot on the next space mission** for an Elizabeth student’s science experiment. The experiment was chosen from hundreds as part of a district-wide science competition sponsored by the fundholder. The competition renewed students’ enthusiasm for science, technology, engineering, and math. Started college savings accounts** for every public-school kindergarten student in.

What it reported doing in 2024

Since 1979, the community foundation of New Jersey (cfnj) has been a trusted partner in the state working with hundreds of families, businesses, and foundations to turn private resources into charitable funds that benefit causes and communities. From creative projects that tackle critical societal or policy issues to scholarship funds, corporate philanthropy, legacy funds and donor advised funds, the community foundation manages nearly every kind of giving vehicle and tailors solutions to meet critical needs. Cfnj made 8,340 individual grants in 2024 totaling $124 million. Cfnj currently stewards more than $950 million in charitable assets, making grants to nonprofit organizations in line with the advice of active fundholders or philanthropic goals of those who leave bequests.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 72
  • Accountability: 97
  • Sustainability: 89
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.5%; rating input score 68
  • Program expense ratio: 98.3%; rating input score 98
  • Fundraising efficiency: $270.16 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 33rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Pass
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 98.1%; rating input score 98; 34th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95.2%; rating input score 95; 48th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 44.2%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 8.46; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 90; 90th percentile among comparable filings
  • Officer compensation ratio: 1.6%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 9.9% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 9.8% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 11.3% per year; rating input score 100; 76th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site
  • Where the money goes: 67.5% of revenue deployed · 98.3% of spending went to programs
  • Governance: 20 of 21 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $116.2M in reported program spending
  • Leadership: top reported pay $677K · 28 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $520K reported
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1329 filed money-flow records
  • Related organizations: 1294 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.