2025-05-14T13:21:34-05:00 2024-06-30 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2023-07-01 222849480 KEAN UNIVERSITY FOUNDATION INC KEAN 9083168920 1000 MORRIS AVENUE UNION NJ 07083 CLARINDA JOSEPH-CUMBERBATCH COO 9083168920 2025-05-14 1 1 ROBERT J JANNELLI CPA P00450209 9082727000 2023 2025-03-06 01:10:19Z WILLIAM MILLER 1000 MORRIS AVENUE UNION NJ 07083 31775693 0 X WWW.KEANFOUNDATION.ORG X 1984 NJ THE FOUNDATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY 26 25 11 0 -143635 0 5050967 4005338 2479523 2948411 2831698 3318216 -276376 -213146 10085812 10058819 1688905 3481479 0 0 1435910 1578220 0 0 906813 5308426 4766955 8433241 9826654 1652571 232165 102482697 111099096 1621918 1485574 100860779 109613522 THE ORGANIZATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY 0 0 3481479 3481479 SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS 2779167 PROGRAMS AND GRANTS TO KEAN UNIVERSITY 6260646 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 66 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X CLARINDA JOSEPH-CUMBERBATCH 9083168920 1000 MORRIS AVENUE UNION NJ 97083 STEVE FASTOOK DIRECTOR 0.25 X X 0 0 0 MARIA E BORDAS VICE CHAIR 0.25 X X 0 0 0 ANTHONY GIORDANO III TREASURER 0.25 X X 0 0 0 LINDA TUMA SECRETARY 0.25 X X 0 0 0 KEVIN ALTON DIRECTOR 0.25 X 0 0 0 PATRICIA DULINSKI DIRECTOR 0.25 X 0 0 0 EDWARD A ESPOSITO DIRECTOR 0.25 X 0 0 0 JAMES K ESTABROOK ESQ DIRECTOR 0.25 X 0 0 0 LESLIE HARWOOD DIRECTOR 0.25 X 0 0 0 BARBARA SOBEL DIRECTOR 0.25 X 0 0 0 SCOTT N SCHOBER DIRECTOR 0.25 X 0 0 0 DONALD BRADY DIRECTOR 0.25 X 0 0 0 WILLIAM LOEHNING CHAIR 0.25 X 0 0 0 GERALD TARANTOLO DIRECTOR 0.25 X 0 0 0 WILLIAM MILLER CEO 40.00 X X 263454 0 13137 ARTHUR WILLIAMS DIRECTOR 0.25 X 0 0 0 CHUCK WAIMON DIRECTOR 0.25 X 0 0 0 HENRY RINDER DIRECTOR 0.25 X 0 0 0 JOHN TURNER DIRECTOR 0.25 X 0 0 0 MARLON MATHEWS DIRECTOR 0.25 X 0 0 0 LAMONT O REPOLLET ED D DIRECTOR 0.25 X 0 0 0 BRIAN MURPHY DIRECTOR 0.25 X 0 0 0 MARK HILTWEIN DIRECTOR/VICE CHAIR 0.25 X 0 0 0 DELIA LATINI KEAN STUDENT REP 0.25 X 0 0 0 CHRISTINA CAREY DUNLEAVY DIRECTOR 0.25 X 0 0 0 CHERYL QUINIO-BLODGETT DIRECTOR 0.25 X 0 0 0 CLARINDA JOSEPH-CUMBERBATCH COO 40.00 X 174042 0 6067 EDWARD W AHART II CDO 40.00 X 143324 0 14838 OFELIA GOMES DIRECTOR OF DATA MGMT 40.00 X 102524 0 0 MOLLY MCGARRY SENIOR DIRECTOR OF ANNUAL GIVING 40.00 X 109650 0 0 LORI FUNICELLO DIRECTOR OF PLANNED GIVING 40.00 X 114469 0 0 EILEEN COTTER PHILANTHROPY OFFICER 40.00 X 108232 0 0 1015695 0 34042 7 0 1 0 PIPITONE GROUP 3933 PERRYSVILLE AVENUE PITTSBURGH PA 15214 MARKETING AGENCY 194092 CCS FUNDRAISING 1 LOGAN SQUARE SUITE 1250 PHILADELPHIA PA 19103 CONSULTING 192653 DEWEY SQUARE GROUP 607 14TH STREET NW SUITE 500 WASHINGTOM DC 20005 MARKETING AND COMMUNICATIONS 114628 3 4005338 4005338 DEPARTMENT GENERATED REVENUE 611310 2900000 2900000 OTHER INCOME 611310 48411 48411 2948411 2000657 2000657 23034433 21716874 1317559 1317559 1317559 CHANGE IN SPLIT INT AGMTS 611310 -69511 -69511 RESTAURANT - NET 722511 -143635 -143635 -213146 10058819 2878900 -143635 3318216 3481479 3481479 748970 555436 193534 666073 493960 172113 57863 33705 24158 105314 61344 43970 21973 21973 55000 55000 297626 297626 627239 615260 11979 426187 417604 8583 64608 96 63317 1195 196885 60551 129501 6833 85052 85052 569722 192446 285272 92004 35109 28664 6445 2672 2672 46616 46616 KEAN UNIVERSITY PROGRAM 1078675 1078675 EVENT SERVICES AND SUPP 383807 259722 120436 3649 MEALS & ENTERTAINMENT 194231 40843 125155 28233 PRINTING AND DUPLICATIN 188310 9703 178607 493243 113970 243763 135510 9826654 6260646 2659195 906813 4917902 2325756 8533574 8498451 139054 189632 3154863 1919371 1286014 1235492 70666396 80411753 15982382 17383327 957375 1054685 102482697 111099096 362608 173313 1259310 1312261 1621918 1485574 X 7006751 7773758 93854028 101839764 100860779 109613522 102482697 111099096 232165 8520578 0 X 0 1 X 1 0 X 8004789 2951051 3986457 5050967 4005338 23998602 8004789 2951051 3986457 5050967 4005338 23998602 6344084 17654518 927491 1768832 2108772 2091457 2000657 8897209 32895811 0.53670 0.56050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71612563 1000000 9360500 4414197 77558866 66447526 145661 5870397 851021 71612563 74803771 -8129197 227048 66447526 60286155 975503 15603520 2061407 74803771 27086794 35200697 1969281 3970617 60286155 0 0 1886235 693365 1192870 1191855 1151905 39950 76773 74101 2672 1235492 HEDGE FUNDS 8244553 F PRIVATE INVESTMENTS 8836346 F REAL ESTATE INVESTMENT FUNDS 302428 F 17383327 CHARITABLE GIFT ANNUITIES PAYABLE 524938 PERTH-AMBOY SCHOLARSHIP FUND - AGENCY ACCOUNT 787323 1312261 X 18736925 8520578 8520578 10216347 -157528 -157528 10058819 9984182 157528 157528 9826654 0 9826654 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS THAT MIGHT BE RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2018 AND 2017. THE FOUNDATION FILES ITS FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR FISCAL YEARS BEFORE 2015, GENERALLY FOR 3 YEARS AFTER THEY ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTAURANT EXPENSES RESTAURANT DEPRECIATION PART XII, LINE 2D - OTHER ADJUSTMENTS: RESTAURANT EXPENSES RESTAURANT DEPRECIATION 0 SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS 116 3481479 X X X 0 0 0 0 0 0 0 0 0 WILLIAM MILLER CEO 263454 0 0 0 0 0 9100 0 4037 0 276591 0 0 0 CLARINDA JOSEPH-CUMBERBATCH COO 174042 0 0 0 0 0 6067 0 0 0 180109 0 0 0 EDWARD W AHART II CDO 143324 0 0 0 0 0 4725 0 10113 0 158162 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF A DRAFT FORM 990 IS REVIEWED BY THE FOUNDATIONS OFFICERS AND DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT A SIGNED STATEMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION PROVIDES THIS DOCUMENTATION TO THE PUBLIC UPON WRITTEN REQUEST. KEAN UNIVERSITY 1000 MORRIS AVENUE UNION NJ 07083 222960726 UNIVERISTY THAT PROVIDES POST SECONDARY EDUCATION TO STUDENTS NJ 501(C)(3) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KEAN UNIVERSITY B 1078675 SUPPORTING CASH DISBURSEMENTS