2024-05-13T10:43:37-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2022-07-01 237261698 NEW JERSEY CITY UNIVERSITY FOUNDATION INC NEWJ 2012003344 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 BRIAN KIRKPATRICK CPA UNIVERSITY - VP OF ADMIN & FINANCE 2012003344 2024-05-13 1 BRIAN KIRKPATRICK CPA 999009999 1 GARRETT M HIGGINS P00543209 2017129800 2024-05-10 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIAN KIRKPATRICK CPA 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 14004557 0 X WWW.NJCU.EDU/DONATE X 1971 NJ THE MISSION OF NEW JERSEY CITY UNIVERSITY FOUNDATION, INC. (THE "FOUNDATION") IS TO ENCOURAGE AND SUPPORT THE DEVELOPMENT AND GROWTH OF NEW JERSEY CITY UNIVERSITY (THE "UNIVERSITY") BY MEANS OF DEVELOPMENT AND FUNDRAISING ACTIVITIES. 18 18 0 27 0 0 1869437 1243165 5690180 5284828 625180 499595 -1588 -12508 8183209 7015080 2489035 1260031 0 0 0 0 0 0 8289 5844214 5426222 8333249 6686253 -150040 328827 84668089 80912504 55384553 50105476 29283536 30807028 THE MISSION OF NEW JERSEY CITY UNIVERSITY FOUNDATION, INC. (THE FOUNDATION) IS TO ENCOURAGE AND SUPPORT THE DEVELOPMENT AND GROWTH OF NEW JERSEY CITY UNIVERSITY (THE "UNIVERSITY") BY MEANS OF DEVELOPMENT AND FUNDRAISING ACTIVITIES. 0 0 5155450 0 5246439 STUDENT HOUSING:IN 2014, THE WEST CAMPUS HOUSING, LLC WAS CREATED AND CONSISTS OF THREE DORMITORY BUILDINGS. THERE ARE 634 BEDS AVAILABLE WITH 77% OCCUPANCY FOR FY2023. 720991 694557 38389 PROVISIONAL ACTIVITIES: THE FOUNDATION SUPPORTED PROVISIONAL ACTIVITIES OF THE UNIVERSITY AND OF SURROUNDING ORGANIZATIONS. 565474 565474 0 SCHOLARSHIPS: THE FOUNDATION PROVIDED FUNDING TO NEW JERSEY CITY UNIVERSITY FOR STUDENT SCHOLARSHIPS AND OTHER PROGRAMMATIC PURPOSES. 6441915 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 25 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X BRIAN KIRKPATRICK 2012003344 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 PETER HERNANDEZ DIRECTOR - CHAIR 1.00 X X 0 0 0 EDWARD O'CONNOR DIRECTOR - VICE CHAIR 1.00 X X 0 0 0 ANDREA DUCAS DIRECTOR - SECRETARY 1.00 X X 0 0 0 STEPHEN HESS DIRECTOR - TREASURER 1.00 X X 0 0 0 ROBERT ANTONICELLO DIRECTOR THRU SEPT 2022 1.00 X 0 0 0 ASHLEY ATKINS DIRECTOR 1.00 X 0 0 0 NATALIE BRATHWAITE DIRECTOR 1.00 X 0 0 0 WILL EAVES DIRECTOR 1.00 X 0 0 0 ALEX FORRESTER DIRECTOR 1.00 X 0 0 0 CARLOS LEJNIEKS DIRECTOR 1.00 X 0 0 0 NICOLE LEON DIRECTOR 1.00 X 0 0 0 JOSE LOZANO DIRECTOR 1.00 X 0 0 0 ELIZABETH MAGENNIS DIRECTOR THRU SEPT 2022 1.00 X 0 0 0 JEFFREY MARTINEZ DIRECTOR 1.00 X 0 0 0 ALFRED PARINELLO DIRECTOR 1.00 X 0 0 0 CHIRAG PATEL DIRECTOR THRU OCT 2022 1.00 X 0 0 0 DAGMAR ROSA-BJORKESON DIRECTOR 1.00 X 0 0 0 KEVIN SCHMIDT DIRECTOR 1.00 X 0 0 0 AISHA THOMAS-PETIT DIRECTOR 1.00 X 0 0 0 TIMOTHY WHITE DIRECTOR 1.00 X 0 0 0 JUDITH WODYNSKI DIRECTOR 1.00 X 0 0 0 JODI BAILEY EXECUTIVE DIRECTOR EFF. MAR 2023 2.00 X 0 0 0 KWI BRENNAN EXECUTIVE DIRECTOR THRU MAR 2023 2.00 X 101276 0 0 LUKE VISCONTI IMMEDIATE PAST CHAIR 1.00 X 0 0 0 ANDY ACEBO UNIVERSITY PRESIDENT 2.00 X 0 0 0 BRIAN KIRKPATRICK CPA UNIVERSITY VP OF ADMIN & FINANCE 1.00 X 0 0 0 101276 0 0 1 0 0 1 INVESTORS BANK 101 JFK PARKWAY SHORT HILLS NJ 07078 FINANCIAL SERVICES 300000 HARRISON RAND ADVERTISING 239 WASHINGTON STREET JERSEY CITY NJ 07302 ADVERTISING SERVICES 195000 STUDIO HILLIER LLC 190 WITHERSPOON STREET PRINCETON NJ 08542 ARCHITECT SERVICES 192398 AJ CELIANO 460 LUDLOW AVENUE CRANFORD NJ 07016 HVAC SERVICES 176133 MCCARTER & ENGLISH 100 MULBERRY STREET NEWARK NJ 07102 LEGAL SERVICES 170710 6 74739 164800 1003626 1243165 STUDENT HOUSING FACILITIES 532000 5246439 5246439 ASSESSMENT FEES 611710 38389 38389 5284828 628549 628549 200337 200337 455 455 6600057 6929348 -329291 -329291 -329291 44786 74739 58939 -14153 -14153 2380 1190 1190 1190 7015080 5284828 0 487087 1260031 1260031 23030 23030 66461 66461 104761 104761 187402 187402 750 750 28759 12992 8422 7345 2541072 2541072 13602 11890 1712 3150 3150 1570654 1569666 988 17170 17170 ALLOCATED PAYROLL 558787 558787 REPAIRS AND MAINTENANCE 267950 267950 OFFICIAL RECEPTION 14517 5663 7910 944 FOOD/MEALS 14003 13858 145 14154 11854 2300 6686253 6441915 236049 8289 5307191 1168741 7852191 8858460 3401343 2721588 2853488 3142423 54613640 10858564 45294464 43755076 19959412 21266216 84668089 80912504 7391927 1574692 47992626 46990497 0 1540287 55384553 50105476 X 6106786 6952614 23176750 23854414 29283536 30807028 84668089 80912504 X 328827 1362317 -167652 X X 0 1 X 1 1 1 X 2054020 11978835 2390482 1810312 1123165 19356814 2054020 11978835 2390482 1810312 1123165 19356814 5169887 14186927 664025 551309 517491 590225 829341 3152391 2031 2150 4181 69549 334297 138301 112997 655144 23168530 26511933 0.61230 0.48280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 0 23039504 1014563 1151657 1450167 38389 23717168 25598633 1820351 -2263058 2006020 110402 23039504 21283183 2513054 3034829 1094132 138301 25598633 16734946 7172271 125931 2467333 282632 21283183 15297748 1901493 934667 1227094 171868 16734946 0.00084 0.32071 0.67845 0 0 53288270 9629391 43658879 1325370 1229173 96197 43755076 DUE TO NEW JERSEY CITY UNIVERSITY 1540287 1540287 9100658 1362317 768635 59387 2190339 6910319 104761 104761 7015080 7577166 768635 227039 995674 6581492 104761 104761 6686253 PART III, LINE 4: AS PER FASB 116, PART 11, THE FOUNDATION MAINTAINS PERMANENT ART COLLECTIONS THAT ARE: A) HELD FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN B) PROTECTED, KEPT, UNCUMBERED, CARED FOR, AND PRESERVED AND C) SUBJECT TO THE FOUNDATION'S POLICY THAT REQUIRES PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTION. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE INTENDED TO PROVIDE FUNDING TO NEW JERSEY CITY UNIVERSITY FOR SCHOLARSHIPS AND OTHER PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED IN PART VIII 58,939. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 448. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED IN PART VIII 58,939. WRITE OFF OF PLEDGE RECEIVABLES 168,100. GALA 84300 56930 27370 37691 20 GOLF EVENT 33165 17809 15356 20172 1 2060 2060 1056 119525 74739 44786 20172 38747 20 58939 -14153 1 NEW JERSEY CITY UNIVERSITY 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 222830882 STATE OF NJ 565474 0 TO PROVIDE FUNDS TO THE UNIVERSITY FOR SCHOLARSHIPS AND GRANTS TO STUDENTS NEW JERSEY CITY UNIVERSITY 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 222830882 STATE OF NJ 694557 0 GRANTS TO SUPPORT THE UNIVERSITY 1 0 PART I, LINE 2: SCHOLARSHIPS AND OTHER GRANTS TO STUDENTS ARE MONITORED BY FOUNDATION STAFF AND AWARDED TO STUDENTS BY THE OFFICE OF FINANCIAL AID. THE FINANCIAL AID OFFICE ENSURES STUDENTS ARE ENROLLED AND MEET THE CRITERIA OUTLINED IN EACH SCHOLARSHIP. A REPORT IS GENERATED QUARTERLY TO ENSURE FUNDS ARE AWARDED APPROPRIATELY. 0 0 0 0 0 0 0 0 0 KWI BRENNAN EXECUTIVE DIRECTOR THRU MAR 2023 100681 0 0 0 595 0 0 0 0 0 101276 0 0 0 PART VII, LINE 5: KWI BRENNAN, FORMER EXECUTIVE DIRECTOR (THRU MARCH 2023), WAS EMPLOYED AND COMPENSATED BY NEW JERSEY CITY UNIVERSITY, AN UNRELATED PARTY. HE DEVOTED 50% OF HIS TIME TO NEW JERSEY CITY UNIVERSITY FOUNDATION AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, HAS 50% OF HIS COMPENSATION ALLOCATED TO THE FOUNDATION ($101,276). A NJ ECONOMIC DEV AUTHORITY SERIES 2015A 222045817 64577BHM9 2015-03-17 51818115 CONSTRUCT STUDENT HOUSING 0 0 0 A 3825000 51818115 3234981 857505 47725629 2016 0 0 1 1 A 1 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART IV, LINE 3 THE REBATE COMPUTATION SHOWING THAT NO REBATE WAS DUE WAS COMPLETED ON APRIL 20, 2020. PART III, LINE 9; PART VI, LINE 7; PART V THE FOUNDATION FINALIZED A FORMAL WRITTEN POLICY IN ACCORDANCE WITH THE REQUIREMENTS OF SECTION 148 ON SEPTEMBER 21, 2021. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED INTERNALLY BY THE FOUNDATION'S STAFF AND IS REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM (PKF O'CONNOR DAVIES). ONCE THE FORM 990 IS FINALIZED, THE ENTIRE BOARD OF DIRECTORS IS PROVIDED A COPY FOR REVIEW PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NEW JERSEY CITY UNIVERSITY FOUNDATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY ENFORCES AND MONITORS. THE BOARD CURRENTLY MANDATES THAT ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE FOUNDATION'S EXECUTIVE DIRECTOR WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE BOARD OR COMMITTEE WILL INFORM THE MEMBER OF THE BASIS OF SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO RESPOND. THE BOARD OR COMMITTEE WILL DISCLOSE THE CONFLICT OF INTEREST AND HOW THE CONFLICT WAS HANDLED. THE PERSON WITH THE ACTUAL CONFLICT OF INTEREST WILL BE PROHIBITED FROM VOTING ON THE MATTER THAT GIVES RISE TO THE CONFLICT. IF THERE HAS BEEN SUBSTANTIAL AND REPEATED FAILURES TO DISCLOSE ACTUAL CONFLICTS OF INTEREST, THE BOARD MAY TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION, INCLUDING REMOVAL OF THE MEMBER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION CURRENTLY MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTERESTS POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST AGREEMENTS 448. WRITE OFF OF PLEDGE RECEIVABLES -168,100. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WEST CAMPUS HOUSING LLC 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 472665116 RESIDENT FACILITY NJ 5366439 56064847 NEW JERSEY CITY UNIVERSITY FOUNDATION INC CHARITABLE REMAINDER ANNUITY TRUST 1225 KENNEDY BOULEVARD BAYONE NJ 07002 HOLDING COMPANY NJ BEACON TRUST T 746776 0.60000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0