2023-12-08T08:31:29-06:00 2023-06-30 231909723 MCKONLY & ASBURY LLP 415 FALLOWFIELD ROAD CAMP HILL PA 17011 990 2022-07-01 237088491 THE BLOOMSBURG UNIVERSITY FOUNDATIONINC BLOO 5703894995 50 EAST MAIN STREET 4TH FLOOR BLOOMSBURG PA 17815 JEROME DVORAK EXECUTIVE DIRECTOR 5703894995 2023-12-08 1 JEROME DVORAK 999009999 1 GARY J DUBAS P00252339 7177617910 2023-12-08 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEROME DVORAK 50 EAST MAIN STREET 4TH FLOOR BLOOMSBURG PA 17815 18014400 0 X GIVING.BLOOMU.EDU X 1970 PA SEE SCHEDULE O. THE BLOOMSBURG UNIVERSITY FOUNDATION, INC. INSPIRES AND STEWARDS PHILANTHROPY AND OTHER REVENUE GROWTH IN SUPPORT OF COMMONWEALTH UNIVERSITY - BLOOMSBURG. 23 23 46 30 -759270 0 12930685 4282591 2558683 2755476 4735641 2050989 -466370 -582765 19758639 8506291 3730207 4010521 0 0 2302991 2463395 0 0 2238689 1740118 2549288 7773316 9023204 11985323 -516913 94259189 96475293 18374297 17246394 75884892 79228899 X THE BLOOMSBURG UNIVERSITY FOUNDATION, INC. INSPIRES AND STEWARDS PHILANTHROPY AND OTHER REVENUE GROWTH IN SUPPORT OF BLOOMSBURG UNIVERSITY. 0 0 2938704 2938704 SCHOLARSHIPS - THE BLOOMSBURG UNIVERSITY FOUNDATION (BUF) PROVIDES SCHOLARSHIPS AND AWARDS TO MORE THAN 1000 STUDENTS AT COMMONWEALTH UNIVERSITY (CU). THESE SCHOLARSHIPS PROVIDE RESOURCES TO HELP RECRUIT STUDENTS, REWARD INCOMING FRESHMEN FOR THEIR HARD WORK AND TO RETAIN RETURNING STUDENTS. THIS SUPPORT IS INSTRUMENTAL IN HELPING THE UNIVERSITY REACH ITS GOAL OF PROVIDING A QUALITY EDUCATIONAL EXPERIENCE AT AN AFFORDABLE COST. IT ALLOWS CU TO BE A PREMIER PUBLIC COMPREHENSIVE UNIVERSITY, RECOGNIZED AS A CENTER FOR THINKING, LEARNING AND ACADEMIC EXCELLENCE. IT ALSO HELPS OUR UNIVERSITY TO CONTINUE TO ANTICIPATE AND ADDRESS THE CHANGING NEEDS OF THE COMMONWEALTH AND TO BE A DIVERSE COMMUNITY THAT PRODUCES POSITIVE CHANGE AND ENCOURAGES A CULTURE OF GOOD STEWARDSHIP OF OUR RESOURCES AND THE ENVIRONMENT, DEVELOPING INDIVIDUALS WHO WILL BE CONTRIBUTING CITIZENS. 1720856 953574 ACADEMIC PROJECTS - FUNDING PROVIDED BY THE BUF SUPPORTS A NUMBER OF ACADEMIC PROGRAMS THAT ENHANCE THE EDUCATIONAL EXPERIENCE FOR CU STUDENTS. PROJECTS FUNDED BY THE BUF COVER AREAS THAT INCLUDE, BUT ARE NOT LIMITED TO: ACADEMIC PROGRAMS, ADVANCEMENT AND DEVELOPMENT, TRAVEL, PUBLIC SERVICE, EXTERNAL RELATIONS, ARTWORK AND RESEARCH. THESE PROGRAMS SERVE AS THE FOUNDATION OF THE PRINCIPAL RESOURCES FOR CU FACULTY, STAFF AND STUDENTS. THEY SUPPORT THE UNIVERSITY'S EFFORTS TO EXPAND PROFESSIONAL DEVELOPMENT AND EXPERIENTIAL LEARNING OPPORTUNITIES THAT OCCUR BEYOND THE CLASSROOM SETTING AND ARE VITAL IN PREPARING CU STUDENTS TO ENTER A COMPETITIVE WORKFORCE. 167022 63269 ATHLETIC PROJECTS - THE BUF PROVIDES SCHOLARSHIP AND PROGRAM SUPPORT TO APPROXIMATELY 340 STUDENT-ATHLETES OF BLOOMSBURG UNIVERSITY. 536571 54974 2755476 OTHER PROJECTS - THE BUF PROVIDES PROGRAM SUPPORT AND FUNDING FOR FACULTY AND STAFF, FACULTY AND STAFF RECRUITMENT AND RESEARCH, AS WELL AS EMERGING OPPORTUNITIES TO ALLOW THE UNIVERSITY TO RESPOND DECISIVELY AND TO CAPITALIZE ON NEW AREAS OF ACADEMIC PROGRAMMING, STUDENT OPPORTUNITIES AND CAPITAL PROJECTS THAT WILL HELP TO ENSURE THE CONTINUED ADVANCEMENT AND SUCCESS OF COMMONWEALTH UNIVERSITY.ALUMNI ASSOCIATION - THE BUF PROVIDES ACTIVITIES AND PROGRAM SUPPORT FOR THE 75,000 ALUMNI OF COMMONWEALTH UNIVERSITY.ADMINISTRATIVE SUPPORT - THE BUF PROVIDES PROGRAMS TO ALL FACULTY AND STAFF OF COMMONWEALTH UNIVERSITY TO FURTHER DEVELOP THEIR SKILLS.LIBRARY PROJECTS - THE BUF PROVIDES SUPPORT TO THE STAFF AND STUDENTS OF THE CAMPUS LIBRARY TO ENSURE MATERIALS ARE AVAILABLE TO STUDENTS FOR THEIR EDUCATIONAL NEEDS.THE CALCULATED COST TO RAISE A DOLLAR AT BUF IS $0.34 WITH A RETURN ON INVESTMENT TO THE UNIVERSITY OF $4.39 PER EVERY DOLLAR. 536571 54974 2755476 5363153 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 13 0 1 46 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JEROME DVORAK 5703894995 BLOOMSBURG UNIV FDN 50 E MAIN ST BLOOMSBURG PA 17815 DREW HOSTETTER CHAIRMAN 1.00 1.00 X X 0 0 0 STEPHEN JONES VICE CHAIR 1.00 X X 0 0 0 NICHOLAS GIUFFRE CORRESPONDING SECRETARY 1.00 X X 0 0 0 CRAIG DIEHL TREASURER 1.00 X X 0 0 0 SUSAN FETTERMAN INTERIM SECRETARY 1.00 X X 0 0 0 HAROLD BAILEY DIRECTOR 1.00 X 0 0 0 MICHAEL BOGUSKI DIRECTOR 1.00 X 0 0 0 JULIE BREINER DIRECTOR 1.00 X 0 0 0 MARIA CANNON DIRECTOR 1.00 X 0 0 0 KRISTIN CANTRELL DIRECTOR 1.00 X 0 0 0 RONN CORT DIRECTOR 1.00 X 0 0 0 JAHRI EVANS DIRECTOR 1.00 X 0 0 0 SHARON GETTEL DIRECTOR 1.00 X 0 0 0 MICHAEL GILLESPIE DIRECTOR 1.00 X 0 0 0 JULI MILLER DIRECTOR 1.00 X 0 0 0 CHRISTEN MOWAD DIRECTOR 1.00 X 0 0 0 JOHN MULKA DIRECTOR 1.00 X 0 0 0 MARC STECKEL DIRECTOR 1.00 X 0 0 0 JOHN WOLAK DIRECTOR 1.00 X 0 0 0 IRVIN WRIGHT DIRECTOR 1.00 X 0 0 0 TERRY ZEIGLER DIRECTOR 1.00 X 0 0 0 JEROME DVORAK EXECUTIVE DIRECTOR 40.00 X 181000 0 49785 JOSEPH NEMETH MAJOR GIFT OFFICER 40.00 X 117495 0 47291 STEPHANIE ULMER VP OF ADVANCEMENT 40.00 X 128463 0 34624 MARK WILLIAMS CFO 40.00 X 115842 0 39712 542800 0 171412 4 0 1 0 0 4282591 77561 4282591 FEE FOR SERVICE 900099 2207428 2207428 PROGRAM ACTIVITIES 900099 326048 326048 MANAGEMENT FEES 900099 222000 222000 2755476 1854386 1854386 18964 18964 1506764 2108493 -601729 -601729 157541 -759270 6948319 647900 6883020 516596 65299 131304 196603 196603 8506291 2913017 -759270 2069953 4010521 4010521 230785 126932 103853 1645868 584047 1061821 125960 47481 78479 314635 104387 210248 146147 53398 92749 112651 112651 624947 351525 158008 115414 405736 385845 6078 13813 56553 36048 20505 330666 225839 25192 79635 56076 39337 16739 58448 35968 22480 35979 6259 29720 REPAIRS AND MAINTENANCE 298756 10470 57992 230294 MEALS AND REFRESHMENTS 205511 167018 12125 26368 SUPPLIES 200684 177800 9467 13417 PRINTING AND PUBLICATIO 122816 15227 638 106951 40465 18908 5354 16203 9023204 5363153 1421362 2238689 1475375 680615 10574114 8502877 259832 297351 23820350 5002691 19946312 18817659 59771296 65892856 2232260 2283935 94259189 96475293 208826 61001 100000 0 17210076 16416849 855395 768544 18374297 17246394 X 3322686 2739126 72562206 76489773 75884892 79228899 94259189 96475293 X -516913 3881258 -20338 X X 0 1 X 1 0 X 7465573 8928477 2924756 12930685 4282591 36532082 7465573 8928477 2924756 12930685 4282591 36532082 9085969 27446113 1905204 1659530 1576993 2970250 2030801 10142778 46674860 11818253 0.58800 0.60390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 57028130 2537394 5671190 1239070 728777 63268867 64333486 4211331 -9301099 1282529 933059 57028130 51400850 859511 14653844 1730759 849960 64333486 50474148 1628583 1743501 1688235 757147 51400850 46319001 3927861 2496221 1545430 723505 50474148 0 0 2626785 2626785 20610577 4600940 16009637 582988 401751 181237 18817659 SECURITY DEPOSITS 95973 PAYROLL TAX & W/H LIABILITIES 49820 AGENCY FUNDS HELD 395404 ANNUITIES PAYABLE 227347 768544 X PART III, LINE 4: ARTISTIC ITEMS ARE DISPLAYED FOR PUBLIC BEAUTY PART V, LINE 4: ENDOWMENTS ARE HELD TO GENERATE INVESTMENT INCOME THAT IS USED TO FUND SCHOLARSHIPS FOR THE BENEFIT OF THE STUDENTS ATTENDING COMMONWEALTH UNIVERSITY. PART X, LINE 2: THE FOUNDATION ADHERES TO THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES (ASC 740). ASC 740 ESTABLISHES RULES FOR RECOGNIZING AND MEASURING TAX POSITIONS IN AN INCOME TAX RETURN, INCLUDING DISCLOSURES OF UNCERTAIN TAX POSITIONS (UTPS). ASC 740 MANDATES THAT ORGANIZATIONS EVALUATE ALL MATERIAL INCOME TAX POSITIONS FOR PERIODS THAT REMAIN OPEN UNDER APPLICABLE STATUTES OF LIMITATION, AS WELL AS POSITIONS EXPECTED TO BE TAKEN IN FUTURE RETURNS. THE UTP RULES THEN IMPOSE A RECOGNITION THRESHOLD ON EACH TAX POSITION. AN ORGANIZATION CAN RECOGNIZE AN INCOME TAX BENEFIT ONLY IF THE POSITION HAS A "MORE LIKELY THAN NOT" (I.E. MORE THAN 50 PERCENT) CHANCE OF BEING SUSTAINED ON ITS TECHNICAL MERITS. DURING 2023, THE FOUNDATION HAS TAKEN NO MATERIAL TAX POSITIONS ON ITS APPLICABLE TAX FILINGS THAT DO NOT MEET THE MORE LIKELY THAN NOT THRESHOLD. AS A RESULT, NO AMOUNT FOR UTPS HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO FISCAL YEAR ENDED JUNE 30, 2020. X X X X X 0 PA MD WV FL AL AK CA KS KY ME MA MI MN NV NH NJ ND OH OK SC UT WA WI DC 1 COMMONWEALTH UNIVERSITY OF PENNSYLVANIA 400 EAST SECOND STREET BLOOMSBURG PA 17815 232738930 953574 0 ACADEMIC PROJECTS COMMONWEALTH UNIVERSITY OF PENNSYLVANIA 400 EAST SECOND STREET BLOOMSBURG PA 17815 232738930 48314 0 OTHER PROJECTS COMMONWEALTH UNIVERSITY OF PENNSYLVANIA 400 EAST SECOND STREET BLOOMSBURG PA 17815 232738930 63269 0 ATHLETICS COMMONWEALTH UNIVERSITY OF PENNSYLVANIA 400 EAST SECOND STREET BLOOMSBURG PA 17815 232738930 2945364 0 SCHOLARSHIPS X X X 0 0 0 0 0 0 0 0 0 JEROME DVORAK EXECUTIVE DIRECTOR 181000 0 0 0 0 0 12670 0 37115 0 230785 0 0 0 JOSEPH NEMETH MAJOR GIFT OFFICER 117495 0 0 0 0 0 8225 0 39066 0 164786 0 0 0 STEPHANIE ULMER VP OF ADVANCEMENT 128463 0 0 0 0 0 8992 0 25632 0 163087 0 0 0 MARK WILLIAMS CFO 115842 0 0 0 0 0 8109 0 31603 0 155554 0 0 0 A COL CTY IND DEV ATHY 231973643 000000000 2013-12-17 7250000 CONSTRUCTION OF NEW FACILITY 0 0 0 A 7200533 7200533 2015 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 X 11 13432 FAIR VALUE X 22809 RETAIL VALUE X ACADEMIC SUPPLIES 7 34906 RETAIL VALUE X OTHER DONATIONS 15 5471 RETAIL VALUE X SPORTS EQUIPMENT 2 800 RETAIL VALUE X MISC FOOD 1 143 RETAIL VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 MADE AVAILABLE TO ALL BOARD MEMBERS VIA PRIVATE WEB SITE FOR REVIEW AND COMMENT PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE OF POTENTIAL CONFLICTS REQUIRED OF ALL BOARD MEMBERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEWED ANNUALLY BY BOARD OF DIRECTORS IN RELATION TO COMPENSATION OF COMPARABLE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS PROVIDED UPON REQUEST IN PERSON DURING NORMAL BUSINESS HOURS OR IN WRITING. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF SPLIT INTEREST AGREEMENTS -20,338. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ENTREPRENEURIAL VENTURES LTD 50 EAST MAIN STREET BLOOMSBURG PA 17815 205169407 RENTAL REAL ESTATE PA 250757 734088 THE BLOOMSBURG UNIVERITY FOUNDATION INC ADVANCED STUDENT HOUSING LLC 50 EAST MAIN STREET BLOOMSBURG PA 17815 475618840 RENTAL REAL ESTATE PA 149758 2028123 THE BLOOMSBURG UNIVERITY FOUNDATION INC 801 LIGHTSTREET LLC 50 EAST MAIN STREET BLOOMSBURG PA 17815 RENTAL REAL ESTATE PA 110914 1309245 THE BLOOMSBURG UNIVERITY FOUNDATION INC 3 COUNTRY CLUB ROAD LLC 50 EAST MAIN STREET BLOOMSBURG PA 17815 RENTAL REAL ESTATE PA 93035 1009755 THE BLOOMSBURG UNIVERITY FOUNDATION INC CARVER PLACE LLC 50 EAST MAIN STREET BLOOMSBURG PA 17815 842139895 RENTAL REAL ESTATE PA 567340 7191823 THE BLOOMSBURG UNIVERITY FOUNDATION INC COMMUNITY GOVT ASSN OF BLOOMSBURG UNIV 400 EAST SECOND STREET BLOOMSBURG PA 17815 232657495 STUDENT ACTIVITIES AT BLOOMSBURG UNIVERSITY PA 501(C)(3) LINE 10 N/A 0 HUSKY RESEARCH CORPORATION 400 EAST SECOND STREET BLOOMSBURG PA 17815 753094752 RESEARCH ACTIVITIES PA 501(C)(3) LINE 10 N/A 0 HONEYSUCKLE STUDENT HOLDINGS INC 400 EAST SECOND STREET BLOOMSBURG PA 17815 200081259 STUDENT HOUSING PA 501(C)(3) LINE 12A, I N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HONEYSUCKLE STUDENT HOLDINGS INC B 100000 ACTUAL RECEIVE