Middlesex County Bar Foundation Tr EIN 22-6539580 Form 990 (PDF) Claim this org

Middlesex County Bar Foundation Tr

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Supports charitable, scientific, literary, and educational purposes for the community. For fiscal year 2025 it reported $515K in revenue, $123K in expenses, and $3.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Crime & Legal
Location
New Brunswick, NJ
Website
www.mcbf.org
Filings
6 on file (2020–2025)
Revenue
$515KFY2025
Expenses
$123K
Net assets
$3.3M
People
29
Filings
6
Updates
0
More identity details & actions ⌄
EIN  22-6539580 Public charity (501(c)(3)) New Brunswick, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports charitable, scientific, literary, and educational purposes for the community.
Leadership
Jonathan P Cowles · Executive Director
Money in and out
$515K revenue, $123K expenses
Bottom line
29% program efficiency
Where the money goes · FY2025
Total revenue
$515K
Pt VIII · Ln 12
Total expenses
$123K
Pt IX · Ln 25
Net assets
$3.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $392K
Where spending went · Part IX cols B–D
Program services $0.29 Management & general $0.71
Program efficiency
29%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
303.1mo
months of highly liquid reserves at operating expense rate▲ +5% vs prior filing year
Surplus margin
+76%
revenue over expenses, this year▲ +149% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$515K
FY2025▲ +204%
Expenses
$123K
FY2025▲ +4%
Total assets
$3.3M
FY2025▲ +8%
Total liabilities
$0
FY2025
Total revenue
$515K
Pt VIII · Ln 12
Total expenses
$123K
Pt IX · Ln 25
Net assets
$3.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$392K
Total assetsPt X · Ln 16$3.3M
Program-expense ratioPt IX · col B29%
Voting members of governing bodyPt I · Ln 329
Independent voting membersPt I · Ln 429
Mission & Programs · Part III

Where the work happens

1 program service account for $35K of program spending, described in the organization's own filed words · FY2024.
01

Various grants and encumbered services

$35Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMiddlesex County Bar Foundation Tr
EINHdr · item D22-6539580
Principal addressHdr · item CNew Brunswick, NJ
WebsiteHdr · item Jwww.mcbf.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I128)
Ruling yearIRS BMFJan 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a29
Independent voting membersPt VI · Ln 1b29
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Middlesex County Bar Foundation Tr executive salaries →

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Statement of Revenue

Part VIII
Investment income$476K · 92%
Other revenue$33K · 6%
Contributions & grants$6K · 1%
Investment income92%$476K
Other revenue6%$33K
Contributions & grants1%$6K
Total revenueLn 12$515K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.29 Management & general $0.71
Program services29%$35K
Management & general71%$88K
Total functional expensesLn 25$123K

Balance Sheet

Part X · end of year
CashLn 1$192K
Total assetsLn 16$3.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.3M
Months of cash on handcomputed18.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.1M · Operating expenses/yr $123K
303.1 months
Where the money goes
Program services
Program services $35K · Total expenses $123K
29%
Management & General
Management & general $88K · Total expenses $123K
71%
Fundraising
Fundraising $0 · Total expenses $123K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $6K · Total revenue $515K
1%
Government reliance
Government grants — · Total revenue $515K
Earned-income share
Program service revenue $0 · Total revenue $515K
0%
Investment reliance
Investment income $476K · Total revenue $515K
+92%
Program self-sufficiency
Program service revenue $0 · Total expenses $123K
0%
Growth & trend
Revenue growth (YoY)
This year $515K · Prior year $169K
+204%
Revenue CAGR
FY2019 $133K · FY2024 $515K
+31%
Net-asset trend (YoY)
End of year $3.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $515K · Expenses $123K
+76%
Liabilities-to-Assets
Total liabilities — · Total assets $3.3M
Net-asset ratio
Net assets $3.3M · Total assets $3.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.9M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.3M
88%
People & payroll
Highest Reported Total Compensation
Individual Jonathan P Cowles · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $123K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $123K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 29%
Overhead ratio 71%
Fundraising cost ratio 0%
Revenue growth 204%
Investment management fee ratio 0.5%
Legal fee ratio 0%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $15K · 2022–2022
Unitemized GrantFY2022$15,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$515K revenue · viewing · ⤓ 990 PDF
FY2024$169K revenue · ⤓ 990 PDF
FY2023$165K revenue · ⤓ 990 PDF
FY2022$142K revenue · ⤓ 990 PDF
FY2021$116K revenue · ⤓ 990 PDF
FY2020$133K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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