2023-12-04T10:55:07-06:00 2023-06-30 232620120 CLIFTONLARSONALLEN LLP 1525 VALLEY CENTER PARKWAY STE 300 BETHLEHEM PA 180172285 990 2022-07-01 222826714 EAST STROUDSBURG UNIVERSITY FOUNDATION EAST 5704223333 200 PROSPECT STREET EAST STROUDSBURG PA 18301 RICHARD SANTORO EXECUTIVE DIRECTOR 5704223333 2023-11-21 1 RICHARD SANTORO 999009999 0 CARY J GIACALONE II CPA P00371156 6104335501 2023-11-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD SANTORO 200 PROSPECT STREET EAST STROUDSBURG PA 18301 15099019 0 X WWW.ESUFOUNDATION.ORG X 1991 PA TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE ESU OF PENNSYLVANIA. 16 16 17 30 0 0 3474498 5726877 1170000 1170000 1456943 2601240 20000 21100 6121441 9519217 1728373 2506274 0 0 1731530 2159726 0 0 759791 1289155 1265568 4749058 5931568 1372383 3587649 32327225 36820800 579361 894416 31747864 35926384 ESU FOUNDATION IS DEDICATED TO SECURING AND STEWARDING PRIVATE GIFTS AND GRANTS THAT BENEFIT EAST STROUDSBURG UNIVERSITY AND THEN DISTRIBUTING THESE GIFTS IN THE FORM OF SCHOLARSHIPS, GRANTS AND ASSISTANCE TO THE STUDENTS AND FACULTY OF ESU. 0 0 1604740 1170000 ALL UNRESTRICTED FUNDS COLLECTED BY THE FOUNDATION ARE USED TO PROVIDE GIFTS AND GRANTS TO EAST STROUDSBURG UNIVERSITY, ITS FACULTY AND STUDENTS AND TO PAY THE FOUNDATION'S OPERATIONAL COSTS. 1396749 1396749 DONATIONS AND CONTRIBUTIONS WERE MADE TO VARIOUS ORGANIZATIONS WITHIN THE UNIVERSITY. THE MONIES ARE TO BE USED FOR EDUCATIONAL ADVANCEMENT PURPOSES. 1109525 1109525 SCHOLARSHIPS TO THE STUDENTS OF EAST STROUDSBURG UNIVERSITY. 4111014 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 1 17 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X MELISSA DAVIS 5704223333 200 PROSPECT STREET EAST STROUDSBURG PA 18301 ROBERT H WILLEVER DIRECTOR - EMERITI 1.00 X 0 0 0 MARYELLEN DICKEY VICE CHAIRMAN 1.00 X X 0 0 0 CHRISTOPHER YEAGER SECRETARY 1.00 X X 0 0 0 ROBERT A SHEBELSKY DIRECTOR - EMERITI 1.00 X 0 0 0 WILLIAM CRAMER DIRECTOR - EMERITI 0.00 X 0 0 0 GLENN CLARK ALUMNI LIAISON 1.00 X 0 0 0 RAYMOND HAMLIN DIRECTOR 1.00 X 0 0 0 DOUGLAS LEONZI DIRECTOR 1.00 X 0 0 0 JOHN J PEKAROVSKY III COUNCIL OF TRUSTEES LIAISO 1.00 X 0 0 0 ELIZABETH LEIGH SMITH FACULTY LIAISON 1.00 X 0 0 0 ADAM STAUFFER CHAIRMAN 3.00 X X 0 0 0 LESLIE WILSON DIRECTOR 1.00 X 0 0 0 WENDY JANKOSKI DIRECTOR 1.00 X 0 0 0 ROBERT MOSES DIRECTOR 1.00 X 0 0 0 ALFREDO GARCIA TREASURER 1.00 X X 0 0 0 STEPHEN SOMERS DIRECTOR 1.00 X 0 0 0 ERIC WYATT DIRECTOR 1.00 X 0 0 0 RORY YANCHEK DIRECTOR 1.00 X 0 0 0 ROSEMARY OLOFSSON DIRECTOR - EMERITI 0.00 X 0 0 0 CHRISTOPHER PARADYSZ DIRECTOR 1.00 X 0 0 0 ANTHONY RUIZ DIRECTOR 1.00 X 0 0 0 RICHARD SANTORO EXECUTIVE DIRECTOR 40.00 X 194804 0 38012 MELISSA DAVIS CFO 40.00 X 112972 0 35700 307776 0 73712 2 0 1 0 0 1398550 4328327 94000 5726877 SERVICE FEES INCOME 900099 1170000 1170000 1170000 764081 764081 21100 21100 7416961 5579802 1837159 1837159 1837159 9519217 1170000 0 2622340 1396749 1396749 1109525 1109525 409410 146877 174512 88021 1494868 809421 200362 485085 53524 53524 122092 122092 79832 79832 117177 117177 32500 32500 42000 42000 114906 114906 148946 45427 26652 76867 27834 23816 2526 1492 217550 105025 31485 81040 25000 25000 11273 2997 43 8233 16012 8227 1286 6499 3872 3872 PUBLIC RELATIONS 394374 379993 6380 8001 DIRECT UNIVERSITY COSTS 80911 80911 AMORTIZATION BOND PREMI 18395 18395 MISCELLANEOUS 6524 5984 540 8294 2046 2235 4013 5931568 4111014 1060763 759791 950060 1350889 1543376 1736997 2363533 2012445 50331 45798 25419 25419 0 0 24224773 31674671 3195152 32327225 36820800 85420 129837 493941 764579 579361 894416 X 4198243 5756889 27549621 30169495 31747864 35926384 32327225 36820800 X 3587649 614540 -23669 X X 0 1 X 1 0 X 4039431 5319427 3481476 3474498 5726877 22041709 4039431 5319427 3481476 3474498 5726877 22041709 3635520 18406189 1524956 607510 560851 674142 764081 4131540 26173249 5715000 0.70320 0.67520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42000 42000 5889568 5931568 446578 111645 0 0 363255 370845 387453 446578 1568131 2352197 42300 42300 42000 42000 168600 90814 92711 96863 111645 392033 588050 0 22000139 618038 1817100 669151 23766126 25006439 629993 -2993571 642722 22000139 20177594 552196 4872514 595865 25006439 19924542 849338 -63507 532779 20177594 18659117 955566 826776 516917 19924542 0 0 3114 3114 0 22305 22305 0 0 SPLIT INTEREST ANNUITY AGREEMENTS 208488 ACCOUNTS PAYABLE - AFFILIATE 556091 764579 X 10340918 614540 345736 -23669 936607 9404311 114906 114906 9519217 6162398 345736 345736 5816662 114906 114906 5931568 PART V, LINE 4: THE FOUNDATION'S PERMANENTLY RESTRICTED ENDOWMENT CONSISTS OF VARIOUS FUNDS INTENDED BY THE RESPECTIVE DONORS TO BE HELD IN PERPETUITY IN SUPPORT OF SCHOLARSHIPS OR OTHER ACTIVITIES OF THE FOUNDATION OR UNIVERSITY. THE TEMPORARILY RESTRICTED BALANCE RELATED TO THESE FUNDS REPRESENT THE NET OF ACCUMULATED EARNINGS ON THE FUNDS PROVIDED OFFSET BY EXPENDITURES WHICH MEET THE DONORS REQUIREMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH THE ENDOWMENTS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS SINCE THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. HOWEVER,INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE, IF ANY, WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION COMPLIES WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -23,669. 1 EAST STROUDSBURG UNIVERSITY 200 PROSPECT STREET EAST STROUDSBURG PA 18301 232504462 115(1) 1396749 0 DONATIONS AND CONTRIBUTIONS WERE MADE TO VARIOUS ORGANIZATIONS WITHIN THE UNIVERSITY. THE MONIES ARE TO BE USED FOR EDUCATIONAL ADVANCEMENT PURPOSES. SCHOLARSHIPS FOR STUDENTS OF EAST STROUDSBURG UNIVERSITY. 861 1109525 X X 0 0 0 0 0 0 0 0 0 RICHARD SANTORO EXECUTIVE DIRECTOR 194804 0 0 0 0 0 18422 0 19590 0 232816 0 0 0 X 4 602663 FAIR MARKET VALUE X MISCELLANEOUS 15 94000 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER. THE FORM WILL THEN BE DISTRIBUTED TO THE BOARD OF DIRECTORS BEFORE FILING FOR FINAL REVIEW/COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD AND SIGNED BY NEW BOARD MEMBERS EVERY AUGUST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DETERMINES OFFICER COMPENSATION THROUGH COMPARABILITY DATA, SUBSTANTIATION AND DELIBERATION AND A REVIEW OF THE COMPENSATION BY INDEPENDENT PERSONS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THOSE WHO COME INTO THEIR OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THOSE WHO COME INTO THEIR OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -23,669. FORM 990 PART XI LINE 2C THE ORGANIZATION HAS AN FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.