2025-05-15T22:37:16-05:00 2024-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 20 COMMERCE DRIVE SUITE 301 CRANFORD NJ 070163618 990 2023-07-01 223785342 SUSSEX COUNTY COMMUNITY COLLEGE FOUNDATION SUSS 9733002121 ONE COLLEGE HILL ROAD NEWTON NJ 07860 STAN KULA EXECUTIVE DIRECTOR 9733002121 2025-05-15 1 1 GARRETT M HIGGINS P00543209 9082726200 2025-05-15 2023 2025-03-06 01:10:19Z STAN KULA ONE COLLEGE HILL ROAD NEWTON NJ 07860 6112140 0 X WWW.SUSSEX.EDU/FOUNDATION X 1983 NJ THE FOUNDATION FOR SUSSEX COUNTY COMMUNITY COLLEGE ENHANCES THE COLLEGE'S MISSION OF PROVIDING EDUCATIONAL EXCELLENCE AND CULTURAL OPPORTUNITIES TO THE RESIDENTS OF SUSSEX COUNTY AND BEYOND. THE FOUNDATION SUPPORTS THIS MISSION THROUGH FUNDRAISING AND FRIEND-RAISING EFFORTS ON THE COLLEGE'S BEHALF. FUNDS ARE GENERATED THROUGH ANNUAL GIVING CAMPAIGNS, SPECIAL EVENTS, AND DIRECT CONTRIBUTIONS. THE FUNDS RAISED SUPPORT STUDENT SCHOLARSHIPS, INFRASTRUCTURE, AND EXPANSION. 15 15 0 18 0 0 396583 328548 0 0 76600 214469 2803 31772 475986 574789 265191 242501 0 0 0 0 0 0 45155 144687 140268 409878 382769 66108 192020 3522079 3794536 137515 144995 3384564 3649541 X THE FOUNDATION FOR SUSSEX COUNTY COMMUNITY COLLEGE ENHANCES THE COLLEGE'S MISSION OF PROVIDING EDUCATIONAL EXCELLENCE AND CULTURAL OPPORTUNITIES TO THE RESIDENTS OF SUSSEX COUNTY AND BEYOND. THE FOUNDATION SUPPORTS THIS MISSION THROUGH FUNDRAISING AND FRIEND-RAISING EFFORTS ON THE COLLEGE'S BEHALF. FUNDS ARE GENERATED THROUGH ANNUAL GIVING CAMPAIGNS, SPECIAL EVENTS, AND DIRECT CONTRIBUTIONS. THE FUNDS RAISED SUPPORT STUDENT SCHOLARSHIPS, INFRASTRUCTURE, AND EXPANSION. 0 0 319300 242501 0 TO ASSIST SUSSEX COUNTY COMMUNITY COLLEGE'S GROWTH IN SCHOLARSHIPS, NEW PROGRAMS, FACULTY DEVELOPMENT, TO OFFER EDUCATIONAL OPPORTUNITIES TO THOSE SEEKING POST SECONDARY EDUCATION, AND TO OFFER COMMUNITY AND CULTURAL ACTIVITIES TO RESIDENTS OF SUSSEX COUNTY AND BEYOND. 319300 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NJ X STAN KULA EXECUTIVE DIRECTOR 9733002121 ONE COLLEGE HILL ROAD NEWTON NJ 07860 DR KETAN GANDHI CHIEF FINANCIAL OFFICER 1.00 X X 0 0 0 ROGER THOMAS CHAIR 1.00 X X 0 0 0 JUDE DIGIDIO VICE-CHAIR 1.00 X X 0 0 0 JIM CARISTIA TREASURER, THRU 11/7/23 1.00 X X 0 0 0 JUDITH A TATERKA SECRETARY 1.00 X X 0 0 0 ANN BAIN DIRECTOR 1.00 X 0 0 0 DR JON H CONNOLLY DIRECTOR 1.00 X 0 0 0 WILLIAM CURCIO DIRECTOR 1.00 X 0 0 0 MARYANNE FOX DIRECTOR 1.00 X 0 0 0 KURT GEWECKE DIRECTOR 1.00 X 0 0 0 ALISSA ISAACSON DIRECTOR 1.00 X 0 0 0 DAN KENT DIRECTOR 1.00 X 0 0 0 SEAN MCGUIRE DIRECTOR 1.00 X 0 0 0 DR TYLER MORGUS DIRECTOR, THRU 11/1/23 1.00 X 0 0 0 HON LORRAINE PARKER DIRECTOR 1.00 X 0 0 0 CANDICE SMITH DIRECTOR 1.00 X 0 0 0 ROBIN TOMLINSON DIRECTOR, THRU 3/5/24 1.00 X 0 0 0 DR HEIDI WEBER DIRECTOR 1.00 X 0 0 0 STAN KULA EXECUTIVE DIRECTOR 40.00 X 111735 0 44523 111735 0 44523 1 0 0 1 0 24039 304509 1600 328548 55862 55862 5679641 5521034 158607 158607 158607 47411 24039 16317 31094 31094 678 0 678 678 574789 0 0 246241 59340 59340 183161 183161 4628 4628 3191 3191 10071 2524 5023 2524 2840 2840 PURCHASED SERVICES 105010 67510 3750 33750 PROGRAM EXPENSES 14528 6765 2073 5690 382769 319300 18314 45155 524648 0 613185 1418851 159160 109160 7765 26039 42606 22010 23436 20596 2193885 2219890 3522079 3794536 38362 3465 99153 141530 137515 144995 X 390456 365785 2994108 3283756 3384564 3649541 3522079 3794536 192020 72957 0 X X 0 1 X 1 0 X 559638 465826 663810 396583 328548 2414405 559638 465826 663810 396583 328548 2414405 720446 1693959 127537 229049 153281 79791 55862 645520 3208 0 0 2803 31772 37783 500 500 3098208 0.54680 0.58850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2126718 59125 225945 80666 193237 2137885 1886265 83568 238463 81578 2126718 1879581 346415 -272927 66804 1886265 1396003 221385 302970 40777 1879581 1389781 36250 -1378 28650 1396003 0.00000 0.58144 0.41856 0 0 42606 22010 20596 20596 DUE TO SUSSEX COUNTY COMMUNITY COLLEGE 141530 141530 X 823109 72957 188503 261460 561649 13140 13140 574789 558132 188503 188503 369629 13140 13140 382769 PART V, LINE 4: ENDOWMENTS ARE ESTABLISHED FOR STUDENT SCHOLARSHIPS BASED ON THE CRITERIA SET BY THE DONOR. THE SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO MEET THE REQUIREMENTS FOR EACH INDIVIDUAL SCHOLARSHIP AND THE FUNDS ARE THEN RELEASED. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND, THEREFORE, HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES. IT IS ALSO EXEMPT FROM STATE AND LOCAL INCOME TAXES. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A)(1) OF THE CODE. OTHER SIGNIFICANT TAX POSITIONS INCLUDE ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"). MANAGEMENT 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. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS BEEN DETERMINED THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THEREFORE, MANAGEMENT HAS CONCLUDED THAT NO TAX BENEFITS OR LIABILITIES ARE REQUIRED TO BE RECOGNIZED. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT EXPENSE NETTED AGAINST SPECIAL EVENTS INCOME 9,875. PROGRAM EXPENSES NETTED AGAINST SPECIAL EVENTS INCOME 3,265. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT EXPENSE NETTED AGAINST SPECIAL EVENTS INCOME 9,875. PROGRAM EXPENSES NETTED AGAINST SPECIAL EVENTS INCOME 3,265. ANNUAL SCHOLARSHIP BALL 71450 24039 47411 10897 1495 3925 71450 24039 47411 10897 1495 3925 16317 31094 1 SUSSEX COUNTY COMMUNITY COLLEGE ONE COLLEGE HILL ROAD NEWTON NJ 07860 222379629 501(C)(3) 59340 0 TO ENHANCE AND SUPPORT THE MISSION OF SUSSEX COUNTY COMMUNITY COLLEGE 1 0 SCHOLARSHIPS 138 183161 PART I, LINE 2: THE FOUNDATION WORKS CLOSELY WITH THE ACCOUNTING/FINANCE OFFICE TO CONFIRM THAT EACH DEPARTMENT THAT RECEIVES A DONATION ON BEHALF OF THE FOUNDATION REMAINS IN COMPLIANCE WITH THE INTENT AND USE OF THE FUNDS. THE SCHOLARSHIP APPLICATION PROCEDURE IS A FORMAL APPLICATION WHEREBY THE STUDENT SUBMITS A SCHOLARSHIP APPLICATION. AFTER THE STUDENT APPLIES, THE SCHOLARSHIP COMMITTEE COMPRISED OF FACULTY, STAFF, AND FOUNDATION BOARD MEMBERS DECIDE THE AWARDS BASED ON THE SCHOLARSHIP CRITERIA, MANY OF WHICH ARE UNIQUE. STUDENTS THEN GET AWARD OR DECLINE LETTERS AND AFTER RECEIVING THANK YOU LETTERS FROM THE AWARDEES TO THE DONORS OF THE SCHOLARSHIPS, WHICH ARE A REQUIREMENT, FUNDS ARE TRANSFERRED TO STUDENT ACCOUNTS. 0 0 0 0 0 0 0 0 0 STAN KULA EXECUTIVE DIRECTOR 109788 0 0 0 1947 0 9462 0 35061 0 156258 0 0 0 PART I, LINE 3: STAN KULA, EXECUTIVE DIRECTOR, IS EMPLOYED AND COMPENSATED BY SUSSEX COUNTY COMMUNITY COLLEGE, AN UNRELATED PARTY. HE DEVOTES 100% OF HIS TIME TO SUSSEX COUNTY COMMUNITY COLLEGE FOUNDATION AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE FORM 990, HAS 100% OF HIS COMPENSATION ALLOCATED TO THE ORGANIZATION ($156,258). THE EXECUTIVE DIRECTOR'S COMPENSATION IS BASED ON THE SCOPE AND LEVEL OF THE POSITION, TAKEN IN CONJUNCTION WITH RELEVANT SKILLS, EXPERIENCE, AND AS COMPARED TO MARKET NORMS AND OTHER POSITIONS OF COMPARABLE SCOPE AND LEVEL. FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION MADE THE FOLLOWING AMENDMENT TO ITS BYLAWS: ARTICLE V, BOARD OF DIRECTORS, SECTION 2, MEMBERSHIP A. THE BOARD OF DIRECTORS SHALL CONSIST OF NO LESS THAN FIFTEEN (15) OR MORE THAN TWENTY-FIVE (25) VOTING MEMBERS INCLUDING SELECTED/APPOINTED COMMUNITY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. ONCE THE FORM 990 HAS BEEN COMPLETED, IT IS THEN REVIEWED BY THE FOUNDATION'S EXECUTIVE DIRECTOR AND THE INSTITUTIONAL COMPTROLLER PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C SUSSEX COUNTY COMMUNITY COLLEGE FOUNDATION HAS IN PLACE A CONFLICT-OF-INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL DIRECTORS, OFFICERS, KEY SCCC EMPLOYEES, OR MEMBER OF A FOUNDATION COMMITTEE WITH GOVERNING BOARD DELEGATE POWERS, 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 BOARD 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 MINUTES WILL DOCUMENT THE DISCLOSURE OF 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 MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.