2025-04-29T11:28:09-05:00 2024-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2023-07-01 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 2025-04-29 1 1 GARRETT M HIGGINS P00543209 2017129800 2025-04-21 2023 2025-03-06 01:10:19Z BRIAN KIRKPATRICK CPA 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 12128004 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. 13 13 0 21 0 0 1243165 3065276 5284828 3509815 499595 1037279 -12508 20 7015080 7612390 1260031 1275674 0 0 0 0 0 0 29789 5426222 5474172 6686253 6749846 328827 862544 80912504 81988169 50105476 48959013 30807028 33029156 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 5145600 0 3432371 STUDENT HOUSING:IN 2014, THE WEST CAMPUS HOUSING, LLC WAS CREATED AND CONSISTS OF THREE DORMITORY BUILDINGS. THERE ARE 624 BEDS AVAILABLE WITH 54% OCCUPANCY FOR FY2024. 891773 891773 0 SCHOLARSHIPS: THE FOUNDATION PROVIDED FUNDING TO NEW JERSEY CITY UNIVERSITY FOR STUDENT SCHOLARSHIPS AND OTHER PROGRAMMATIC PURPOSES. 465359 383901 77444 PROVISIONAL ACTIVITIES: THE FOUNDATION SUPPORTED PROVISIONAL ACTIVITIES OF THE UNIVERSITY AND OF SURROUNDING ORGANIZATIONS. 6502732 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 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 17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 ASHLEY ATKINS DIRECTOR - SECRETARY EFF. OCT 2023 1.00 X X 0 0 0 ANDREA DUCAS DIRECTOR - SECRETARY THRU. SEPT 2023 1.00 X X 0 0 0 JEFFREY MARTINEZ DIRECTOR - TREASURER EFF. OCT 2023 1.00 X X 0 0 0 STEPHEN HESS DIRECTOR - TREASURER THRU. SEPT 2023 1.00 X X 0 0 0 NATALIE BRATHWAITE DIRECTOR 1.00 X 0 0 0 WILL EAVES DIRECTOR 1.00 X 0 0 0 CARLOS LEJNIEKS DIRECTOR THRU. SEPT 2023 1.00 X 0 0 0 NICOLE LEON DIRECTOR 1.00 X 0 0 0 JOSE LOZANO DIRECTOR 1.00 X 0 0 0 JOSEPH NYAMWANGE DIRECTOR 1.00 X 0 0 0 ALFRED PARINELLO DIRECTOR THRU. SEPT 2023 1.00 X 0 0 0 DAGMAR ROSA-BJORKESON DIRECTOR THRU. DEC 2023 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 LIZETTE DELGADO EXECUTIVE DIRECTOR EFF. APR 2024 2.00 X 0 0 0 JODI BAILEY EXECUTIVE DIRECTOR THRU. APR 2024 2.00 X 48903 0 12712 LUKE VISCONTI IMMEDIATE PAST CHAIR 1.00 X 0 0 0 ANDRES ACEBO UNIVERSITY PRESIDENT 2.00 X 0 0 0 BRIAN KIRKPATRICK CPA UNIVERSITY VP OF ADMIN & FINANCE 2.00 X 0 0 0 48903 0 12712 0 0 0 1 AJ CELIANO 460 LUDLOW AVENUE CRANFORD NJ 07016 HVAC SERVICES 180291 1 2179081 886195 3065276 STUDENT HOUSING FACILITIES 532000 3432371 3432371 AUXILIARY REVENUE 611710 51329 51329 ASSESSMENT FEES 611710 26115 26115 3509815 804346 804346 342658 342658 20 20 4405889 4515614 -109725 -109725 -109725 7612390 3509815 0 1037299 1275674 1275674 17676 17676 38390 11000 27390 116377 116377 189826 165826 24000 5650 5650 41324 17630 19085 4609 2418540 2418540 3313 140 3173 1380038 1379052 986 20082 20082 REPAIRS AND MAINTENANCE 809836 809836 ALLOCATED PAYROLL 407416 407416 FOOD/MEALS 11952 10163 1789 OFFICIAL RECEPTION 8051 1754 5117 1180 5701 5701 6749846 6502732 217325 29789 1168741 434393 8858460 8035526 2721588 2213038 3142423 6678340 54613640 12207337 43755076 42406303 21266216 22220569 80912504 81988169 1574692 1364880 46990497 45958367 1540287 1635766 50105476 48959013 X 6952614 8053712 23854414 24975444 30807028 33029156 80912504 81988169 X 862544 1777146 -417562 X X 0 1 X 1 1 1 X 11965522 2370782 1619729 1206590 3065276 20227899 11965522 2370782 1619729 1206590 3065276 20227899 5092817 15135082 551309 517491 590225 829341 1147024 3635390 2031 2150 4181 334297 138301 112997 585595 24453065 25168432 0.61890 0.61230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 23717169 1069786 1730694 1608335 71115 24838199 23039504 1014563 1151657 1450167 38389 23717169 25598633 1820351 -2263058 2006020 110402 23039504 21283183 2513054 3034829 1094132 138301 25598633 16734946 7172271 125931 2467333 282632 21283183 0.00083 0.32071 0.67846 0 0 53288270 10985740 42302530 442288 391678 50610 883082 829919 53163 42406303 DUE TO NEW JERSEY CITY UNIVERSITY 1635766 1635766 9695816 1777146 382051 40606 2199803 7496013 116377 116377 7612390 7473688 382051 458168 840219 6633469 116377 116377 6749846 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: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 40,606. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF PLEDGE RECEIVABLES 458,168. 1 NEW JERSEY CITY UNIVERSITY 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 222830882 STATE OF NJ 881773 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 393901 0 GRANTS TO SUPPORT THE UNIVERSITY 1 0 PART I, LINE 2: THE NJCU FOUNDATION PLAYS A VITAL ROLE IN ADVANCING THE MISSION OF NEW JERSEY CITY UNIVERSITY BY SUPPORTING STUDENTS, PARTICULARLY THOSE FROM LOW-INCOME BACKGROUNDS, THROUGH FINANCIAL GRANTS TO THE UNIVERSITY AND DIRECT SCHOLARSHIPS. WITH 81% OF NJCU STUDENTS RELYING ON FINANCIAL AID, THE FOUNDATION'S EFFORTS ENSURE THAT FINANCIAL BARRIERS DO NOT STAND IN THE WAY OF A QUALITY EDUCATION. BEYOND TUITION ASSISTANCE, THE FOUNDATION'S SUPPORT HELPS PROVIDE STUDENTS WITH A COMPREHENSIVE ACADEMIC EXPERIENCE. THE NJCU FOUNDATION EMPOWERS STUDENTS TO THRIVE ACADEMICALLY, PERSONALLY, AND PROFESSIONALLY. ENSURING THEY HAVE EVERY OPPORTUNITY TO SUCCEED AND ACHIEVE THEIR DREAMS. 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 JODI BAILEY EXECUTIVE DIRECTOR THRU. APR 2024 48640 0 0 0 263 0 3969 0 8743 0 61615 0 0 0 PART VII, LINE 5: JODI BAILEY, EXECUTIVE DIRECTOR (THRU APRIL 2024), WAS EMPLOYED AND COMPENSATED BY NEW JERSEY CITY UNIVERSITY, AN UNRELATED PARTY. SHE DEVOTED 25% OF HER TIME TO NEW JERSEY CITY UNIVERSITY FOUNDATION AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, HAS 25% OF HER COMPENSATION ALLOCATED TO THE FOUNDATION ($61,615). A NJ ECONOMIC DEV AUTHORITY SERIES 2015A 222045817 64577BHM9 2015-03-17 51818115 CONSTRUCT STUDENT HOUSING 0 0 0 A 4835000 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 SEPETEMBER 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 40,606. WRITE OFF OF PLEDGE RECEIVABLES -458,168. 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. 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