2023-12-20T10:03:29-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2022-07-01 222218627 UNION COUNTY COLLEGE FOUNDATION UNIO 9087097505 995 SPRINGFIELD AVENUE CRANFORD NJ 07016 DR LORI A WILKIN ASSISTANT TREASURER 9087097505 2023-12-19 1 DR LORI A WILKIN 999009999 0 CONNIE M LIRA P00481097 2156433900 2023-12-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR LORI A WILKIN 995 SPRINGFIELD AVENUE CRANFORD NJ 07016 10708706 0 X WWW.UCC.EDU/UNION-COUNTY-COLLEGE-FOUNDATION X 1977 NJ TO FURTHER THE EDUCATIONAL PURPOSES OF UNION COUNTY COLLEGE 27 27 0 60 0 0 1302946 1775497 0 0 1535971 282534 -16593 -21046 2822324 2036985 1534195 1413739 0 0 0 0 0 0 227529 582488 629347 2116683 2043086 705641 -6101 22827759 25388403 584693 667035 22243066 24721368 X THE EXEMPT PURPOSE OF UNION COUNTY COLLEGE FOUNDATION (FOUNDATION) IS TO UNDERTAKE ACTIVITIES FOR THE GENERAL BENEFIT OF UNION COUNTY COLLEGE (COLLEGE), ITS STUDENTS, FACULTY, STAFF, FACILITIES AND PROGRAMS THAT WILL SUPPORT AND ADVANCE THE MISSION OF THE COLLEGE.THE FOUNDATION FOCUSES PARTICULARLY ON PROVIDING SCHOLARSHIPS AND OTHER ASSISTANCE TO QUALIFYING STUDENTS. 0 0 1413739 1413739 0 SUPPORT COLLEGE: SCHOLARSHIPS AND OTHER AWARDS TO UNION COUNTY COLLEGE STUDENTS. 1413739 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X DR LORI A WILKIN 9087097194 995 SPRINGFIELD AVENUE CRANFORD NJ 07016 X MAKSIM SHEYN CHAIR 2.00 X X 0 0 0 DEBORAH ENIX-ROSS ESQ VICE CHAIR 0.50 X X 0 0 0 JIM DELLA SALA TREASURER 1.00 X X 0 0 0 DR MARGARET M MCMENAMIN SECRETARY 5.00 X X 0 0 0 LAWRENCE D BASHE IMMED.PAST CHAIR 0.30 X 0 0 0 MELINDA AYALA VOTING EX OFFICIO: ALUMNI ASSOC REP 0.10 X 0 0 0 DR MANDANA AHSANI TRUSTEE 0.10 X 0 0 0 PAUL BELARDO TRUSTEE 0.10 X 0 0 0 DR SELINA CARTER TRUSTEE 0.20 X 0 0 0 GEORGE COOK III TRUSTEE 0.20 X 0 0 0 SUZANNE S COVINE TRUSTEE 0.50 X 0 0 0 TINA M EARLEY TRUSTEE 0.20 X 0 0 0 DR JEANETTE GOODSON TRUSTEE 0.20 X 0 0 0 SUSAN HAIRSTON TRUSTEE 0.50 X 0 0 0 SHAHRZAD HEIDARY TRUSTEE 1.50 X 0 0 0 DR REV FRANCIS HUBBARD TRUSTEE 0.20 X 0 0 0 GENE JANNOTTI TRUSTEE 0.40 X 0 0 0 JEFFREY KATZ ESQ TRUSTEE 0.30 X 0 0 0 J ANTHONY MANGER ESQ TRUSTEE 0.20 X 0 0 0 KEN ORCHARD TRUSTEE 0.30 X 0 0 0 SANDRA D RICE TRUSTEE 0.50 X 0 0 0 JOHN RICHEL TRUSTEE 1.50 X 0 0 0 THOMAS J SHARKEY JR TRUSTEE 0.20 X 0 0 0 COLLEEN SHEA TRUSTEE 0.40 X 0 0 0 MICHAEL E SMITH TRUSTEE 0.10 X 0 0 0 DARIELLE WALSH TRUSTEE 0.40 X 0 0 0 MARY M ZIMMERMANN TRUSTEE 1.00 X 0 0 0 DOUGLAS ROUSE EXECUTIVE DIRECTOR & ASST. SECRETARY 45.00 X 0 0 0 DR LORI WILKEN ASSISTANT TREASURER 3.00 X 0 0 0 0 0 0 0 0 0 0 UNION COUNTY COLLEGE 1033 SPRINGFIELD AVE CRANFORD NJ 07016 ADMINISTRATIVE AND MANAGEMENT SERVICES 356243 1 366708 1408789 40330 1775497 738637 738637 8086667 8542770 -456103 -456103 -456103 96730 366708 125141 -28411 -28411 11175 3810 7365 7365 2036985 0 0 261488 1413739 1413739 198376 99188 99188 11031 11031 18900 18900 124641 124641 167345 48909 118436 25811 25811 16784 16784 43925 43925 3956 3956 7025 7025 BAD DEBT EXPENSE 10905 1000 9905 REGISTRATION FEES 648 648 2043086 1413739 401818 227529 216372 182850 6700 6700 91221 66564 21816 20976 252106 142408 113654 109698 21837093 24477222 540903 524393 22827759 25388403 64676 53022 496173 304058 23844 309955 584693 667035 X 1110250 1136710 21132816 23584658 22243066 24721368 22827759 25388403 -6101 2484403 0 X 0 1 X 1 0 X 1026289 1965116 4677174 1302946 1775497 10747022 1026289 1965116 4677174 1302946 1775497 10747022 3573856 7173166 470515 451154 587353 536196 738637 2783855 143738 7341 116735 267814 13798691 47297 0.51980 0.48830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 426378 X X 0 21203047 569534 2766937 738310 124641 23676567 25198959 223552 -3471717 632950 114797 21203047 17998221 2741518 5184874 617207 108447 25198959 17967924 178642 597875 658387 87833 17998221 17597564 321714 759555 624278 86631 17967924 0.06075 0.61855 0.32070 0 0 93880 93880 158226 142408 15818 109698 DUE TO UNION COUNTY COLLEGE 309955 309955 X 4521987 2484403 125240 2609643 1912344 124641 124641 2036985 2043685 125240 125240 1918445 124641 124641 2043086 PART III, LINE 4: THE FOUNDATION MAINTAINS A COLLECTION OF PAINTINGS WHICH ARE ON DISPLAY THROUGHOUT THE UNION COUNTY COLLEGE CAMPUSES. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO FURTHER THE MISSION OF THE ORGANIZATION BY EARNING INCOME TO PROVIDE SCHOLARSHIPS TO STUDENTS OF UNION COUNTY COLLEGE. PART X, LINE 2: THE FOUNDATION REGULARLY REVIEWS AND EVALUATES ITS TAX POSITIONS TAKEN IN PREVIOUSLY FILED INFORMATION RETURNS AND AS REFLECTED IN ITS FINANCIAL STATEMENTS, WITH REGARD TO ISSUES AFFECTING ITS TAX-EXEMPT STATUS, UNRELATED BUSINESS INCOME, AND RELATED MATTERS. THE FOUNDATION BELIEVES THAT IN THE EVENT OF AN EXAMINATION BY TAXING AUTHORITIES, THE ORGANIZATION'S POSITIONS WOULD PREVAIL BASED UPON THE TECHNICAL MERITS OF SUCH POSITIONS. THEREFORE, THE FOUNDATION HAS CONCLUDED THAT NO TAX BENEFITS OR LIABILITIES ARE REQUIRED TO BE RECOGNIZED IN ACCORDANCE WITH THE ACCOUNTING INTERPRETATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 125,141. DIRECT GAMING EXPENSES 99. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 125,141. DIRECT GAMING EXPENSES 99. GALA 263695 237475 26220 10251 19323 1650 6350 GOLF 199743 129233 70510 9815 67807 1900 8046 463438 366708 96730 20066 87130 3550 14396 125142 -28412 1 SCHOLARSHIPS 622 1278703 0 OTHER AWARDS 110 126408 8628 FMV EDUCATIONAL SUPPLIES; MEDICAL EQUIPMENT PART I, LINE 2: GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS: THE FOUNDATION PROVIDES THE FINANCIAL AID DEPARTMENT OF UNION COUNTY COLLEGE WITH THE AMOUNTS FOR THE ENDOWED AND ANNUAL SCHOLARSHIPS. STUDENTS MUST COMPLETE AN ONLINE APPLICATION. FINANCIAL AID IDENTIFIES THE STUDENTS THAT MEET THE SPECIFIC QUALIFICATION(S). ONCE IDENTIFIED AND AWARDED, THE FOUNDATION REVIEWS THE LIST PROVIDED BY FINANCIAL AID TO CONFIRM THE FUNDS FOR EACH SCHOLARSHIP WERE PROPERLY APPLIED TO THE STUDENT'S ACCOUNT. PART III, COLUMN (B): BASED ON FINANCIAL AID REPORT X 3 13154 FMV X AUCTION ITEMS 90 27176 FMV 0 0 0 0 PART I, COLUMN (B): THE FIGURE PRESENTS THE NUMBER OF ITEMS RECEIVED IN A GIVEN CATEGORY. FORM 990, PART VI, SECTION A, LINE 1A AN EXECUTIVE COMMITTEE OF THE BOARD SHALL BE ESTABLISHED ANNUALLY. ITS MEMBERSHIP SHALL BE NOT FEWER THAN FIVE (5) TRUSTEES AND SHALL INCLUDE THE CHAIR, THE VICE CHAIR, THE TREASURER, THE SECRETARY AND ONE OR MORE ADDITIONAL TRUSTEES. THE EXECUTIVE COMMITTEE MAY RECOMMEND ACTIONS TO THE BOARD; AND THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE SUCH POWERS AND AUTHORITY OF THE BOARD AS THE BOARD MAY FROM TIME TO TIME BY RESOLUTION PROVIDE. THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY TO MAKE, ALTER, OR REPEAL ANY BYLAW OF THE FOUNDATION; ELECT OR APPOINT ANY TRUSTEE, OR REMOVE ANY TRUSTEE, OFFICER, OR THE EXECUTIVE DIRECTOR; OR, AMEND OR REPEAL ANY RESOLUTION PREVIOUSLY ADOPTED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION PAYS UNION COUNTY COLLEGE (COLLEGE) FOR PROFESSIONAL SERVICES, WHICH INCLUDE MANAGEMENT SERVICES. MANAGEMENT SERVICES PROVIDED INCLUDE, BUT ARE NOT LIMITED TO DEVELOPMENT ACTIVITIES. FOR THE YEAR ENDED JUNE 30, 2023, THE FOUNDATION PAID THE COLLEGE $198,376 FOR MANAGEMENT SERVICES. FORM 990, PART VI, SECTION A, LINE 7A AT LEAST ONE TRUSTEE IS REQUIRED TO ALSO BE A TRUSTEE OF THE COLLEGE, AND AT LEAST ONE TRUSTEE IS REQUIRED TO ALSO BE A GOVERNOR OF THE COLLEGE; THESE REQUIREMENTS MAY BE FILLED BY THE SAME TRUSTEE. IN ADDITION, THE INDIVIDUALS HOLDING THE FOLLOWING POSITIONS ARE AUTOMATICALLY CONSIDERED EX-OFFICIO VOTING TRUSTEE'S OF THE FOUNDATION: THE PRESIDENT OF THE COLLEGE, THE PRESIDENT OF THE UNION COUNTY COLLEGE ALUMNI ASSOCIATION, AND THE PRESIDENT OF THE UNION COUNTY COLLEGE STUDENT GOVERNMENT ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THEN REVIEWED BY THE BOARD'S AUDIT COMMITTEE PRIOR TO SUBMISSION, AND THEN SUBMITTED TO EACH BOARD MEMBER. THE FULL BOARD APPROVES THE FORM 990. THE FORM 990 IS ALSO REVIEWED BY THE FOUNDATION'S LEGAL COUNSEL PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION TRUSTEES ARE REQUIRED TO COMPLETE/UPDATE CONFLICT OF INTEREST FORMS ANNUALLY. WHENEVER A CONFLICT OF INTEREST, POTENTIAL CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST ARISES, THE TRUSTEE, OFFICER OR EXECUTIVE DIRECTOR WITH THE CONFLICT (THE "INTERESTED PARTY") SHALL DISCLOSE IN GOOD FAITH THE MATERIAL FACTS AS OF SUCH SELF-INTEREST, FINANCIAL INTEREST OR APPEARANCE OF CONFLICT OF INTEREST TO THE TRUSTEES. ANY ACTION BY THE FOUNDATION TO APPROVE ACTIVITY IN WHICH A CONFLICT OF INTEREST, OR APPEARANCE OF CONFLICT EXISTS, SHALL BE APPROVED ONLY BY THE AFFIRMATIVE VOTE OF A MAJORITY OF DISINTERESTED TRUSTEES PRESENT AT A MEETING. THESE DISCLOSURE PROCEDURES SHOULD BE FOLLOWED WHENEVER THE FOUNDATION IS ENGAGED IN ANY TRANSACTION BETWEEN THE FOUNDATION AND AN INTERESTED PARTY OR A FAMILY MEMBER OF AN INTERESTED PARTY, OR BETWEEN THE FOUNDATION AND ANY OTHER CORPORATION, FIRM, OR BUSINESS INTEREST IN WHICH AN INTERESTED PARTY OR A FAMILY MEMBER OF AN INTERESTED PARTY HAS A SUBSTANTIAL FINANCIAL INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE FOUNDATION'S OFFICE LOCATED AT 995 SPRINGFIELD AVENUE, CRANFORD, NJ 07016.