2024-12-20T09:41:13-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2023-07-01 222218627 UNION COUNTY COLLEGE FOUNDATION UNIO 9087097505 995 SPRINGFIELD AVENUE CRANFORD NJ 07016 DR LORI A WILKIN ASSISTANT TREASURER 9087097505 2024-12-18 1 0 LAURA KENNEY P00202198 6177170831 2024-12-18 2023 2024-10-15 13:58:12Z DR LORI A WILKIN 995 SPRINGFIELD AVENUE CRANFORD NJ 07016 23090969 0 X WWW.UCC.EDU/UNION-COUNTY-COLLEGE-FOUNDATION X 1977 NJ TO FURTHER THE EDUCATIONAL PURPOSES OF UCNJ UNION COLLEGE OF UNION COUNTY, NJ 29 29 0 60 0 0 1775497 1532010 0 0 282534 2511074 -21046 -27137 2036985 4015947 1413739 1477597 0 0 0 0 0 0 215543 629347 642762 2043086 2120359 -6101 1895588 25388403 28009754 667035 431014 24721368 27578740 X THE EXEMPT PURPOSE OF THE UNION COUNTY COLLEGE FOUNDATION (FOUNDATION) IS TO UNDERTAKE ACTIVITIES FOR THE GENERAL BENEFIT OF UCNJ UNION COLLEGE OF UNION COUNTY, NJ (COLLEGE), ITS STUDENTS, FACULTY, STAFF, FACILITIES AND PROGRAMS THAT WILL SUPPORT AND ADVANCE THE MISSION OF 0 0 1477597 1477597 SUPPORT COLLEGE: SCHOLARSHIPS AND OTHER AWARDS TO UCNJ UNION COLLEGE OF UNION COUNTY, NJ STUDENTS. 1477597 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 1 0 0 0 0 0 0 0 1 5 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 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 DR MANDANA AHSANI TRUSTEE 0.10 X 0 0 0 MELINDA AYALA VOTING EX OFFICIO: ALUMNI 0.10 X 0 0 0 ADAM BELL TRUSTEE 0.20 X 0 0 0 DR SELINA CARTER TRUSTEE 0.20 X 0 0 0 AZARIAH CLIFTON 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 STEPHANIE FORREST 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 REV DR 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 CARMEN RIVERA TRUSTEE 0.20 X 0 0 0 BARRY ROSSEN TRUSTEE 0.20 X 0 0 0 THOMAS J SHARKEY JR TRUSTEE 0.20 X 0 0 0 MICHAEL E SMITH TRUSTEE 0.10 X 0 0 0 DARIELLE WALSH TRUSTEE UNTIL JULY 26, 2023 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 WILKIN ASSISTANT TREASURER 3.00 X 0 0 0 0 0 0 0 0 0 0 UCNJ UNION COLLEGE OF UNION COUNTY NJ 1033 SPRINGFIELD AVE CRANFORD NJ 07016 ADMINISTRATIVE AND MANAGEMENT SERVICES 361357 1 320149 1211861 151123 1532010 894735 894735 20557036 18940697 1616339 1616339 1616339 92668 320149 128010 -35342 -35342 14520 6315 8205 8205 4015947 0 0 2483937 1477597 1477597 205834 102917 102917 1459 1459 27300 27300 132719 132719 161354 59108 102246 27702 27702 18393 18393 44754 44754 3956 3956 7018 7018 BAD DEBT EXPENSE 11695 1315 10380 REGISTRATION FEES 578 578 2120359 1477597 427219 215543 182850 128592 6700 6700 66564 73823 20976 43629 252106 146364 109698 105742 24477222 27078872 524393 572396 25388403 28009754 53022 68075 304058 327968 309955 34971 667035 431014 X 1136710 1042813 23584658 26535927 24721368 27578740 25388403 28009754 1895588 961784 0 X 0 1 X 1 0 X 1965116 4677174 1302946 1775497 1532010 11252743 1965116 4677174 1302946 1775497 1532010 11252743 3529134 7723609 451154 587353 536196 738637 894735 3208075 7341 116735 124076 14584894 59797 0.52960 0.51980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5000 431378 X X 0 23676567 243932 3472858 698974 132719 26561664 21203047 569534 2766937 738310 124641 23676567 25198959 223552 -3471717 632950 114797 21203047 17998221 2741518 5184874 617207 108447 25198959 17967924 178642 597875 658387 87833 17998221 0.05739 0.56012 0.38250 0 0 93880 93880 158226 146364 11862 105742 DUE TO UCNJ UNION COLLEGE OF UNION COUNTY, NJ 34971 34971 X 4973122 961784 128110 1089894 3883228 132719 132719 4015947 2115750 128110 128110 1987640 132719 132719 2120359 PART III, LINE 4: THE FOUNDATION MAINTAINS A COLLECTION OF PAINTINGS WHICH ARE ON DISPLAY THROUGHOUT THE UCNJ UNION COLLEGE OF UNION COUNTY, NJ 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 UCNJ UNION COLLEGE OF UNION COUNTY, NJ. 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 128,010. DIRECT GAMING EXPENSES 100. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 128,010. DIRECT GAMING EXPENSES 100. GALA 207119 183619 23500 10874 17487 1650 10357 GOLF 205698 136530 69168 9781 69416 1900 6546 412817 320149 92668 20655 86903 3550 16903 128011 -35343 1 SCHOLARSHIPS 555 1281925 OTHER AWARDS 180 176299 19373 FMV EDUCATIONAL SUPPLIES; MEDICAL EQUIPMENT PART I, LINE 2: GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS: THE FOUNDATION PROVIDES THE FINANCIAL AID DEPARTMENT OF UCNJ UNION COLLEGE OF UNION COUNTY, NJ WITH THE AMOUNTS FOR THE ENDOWED AND ANNUAL SCHOLARSHIPS. STUDENTS MUST COMPLETE AN ONLINE APPLICATION. THE FINANCIAL AID DEPARTMENT IDENTIFIES THE STUDENTS WHO MEET THE SPECIFIC QUALIFICATION(S). ONCE IDENTIFIED AND AWARDED, THE FOUNDATION REVIEWS THE LIST PROVIDED BY THE FINANCIAL AID DEPARTMENT 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 1 5000 FMV X 4 113939 FMV X AUCTION ITEMS-GALA 46 16002 FMV X AUCTION ITEMS-GOLF 36 15382 FMV X GROCERY GIFT CARDS 2 800 FMV 0 1 0 PART I, COLUMN (B): THE FIGURE REPRESENTS THE NUMBER OF ITEMS RECEIVED IN A GIVEN CATEGORY. PART III, LINE 1 THE EXEMPT PURPOSE OF UNION COUNTY COLLEGE FOUNDATION (FOUNDATION) IS TO UNDERTAKE ACTIVITIES FOR THE GENERAL BENEFIT OF UCNJ UNION COLLEGE OF UNION COUNTY, NJ (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. 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 UCNJ UNION COLLEGE OF UNION COUNTY, NJ (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, 2024, THE FOUNDATION PAID THE COLLEGE $205,833 FOR MANAGEMENT SERVICES. THE EXECUTIVE DIRECTOR, OFFICER DOUGLAS ROUSE, WAS COMPENSATED BY THE COLLEGE DURING CALENDAR YEAR 2024 AND RECEIVED $157,937 OF REPORTABLE COMPENSATION AND $47,896 BENEFITS. 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 TRUSTEES OF THE FOUNDATION: THE PRESIDENT OF THE COLLEGE, THE PRESIDENT OF THE COLLEGE ALUMNI ASSOCIATION, AND THE PRESIDENT OF THE 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.