2025-10-21T08:12:26-05:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2024-07-01 237208882 SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC SOUT 2033926191 501 CRESCENT STREET NEW HAVEN CT 06515 JON PEDERSEN TREASURER OF THE BOARD 2033926191 2025-10-21 1 1 LAURA KIELCZEWSKI P00740769 9592007000 2025-10-20 2024 2025-03-06 01:10:19Z JON PEDERSEN 501 CRESCENT STREET NEW HAVEN CT 06515 10935187 0 X HTTPS://WWW.SOUTHERNCT.EDU/SCSU-FOUNDATION X 1972 CT OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERACY, CULTURAL,(CONTINUED ON SCHEDULE O) EDUCATIONAL AND RECREATIONAL PURPOSES TO PROMOTE THE OBJECTIVES AT SOUTHERN CONNECTICUT STATE UNIVERSITY. 25 25 0 25 0 0 2682021 2587967 83940 95617 2308742 1844883 -51613 -6304 5023090 4522163 4612947 4857384 0 0 0 0 0 0 0 562140 467620 5175087 5325004 -151997 -802841 54824911 58662738 1064239 1061385 53760672 57601353 X SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION, INC. (THE "FOUNDATION") EXISTS TO ASSIST SOUTHERN CONNECTICUT STATE UNIVERSITY (THE "UNIVERSITY") IN FULFILLING ITS MISSION AND ACHIEVING ITS VISION THROUGH THE DEVELOPMENT, STEWARDSHIP, AND DELIVERY OF PRIVATE FINANCIAL RESOURCES. THE FOUNDATION DELIVERS FINANCIAL MANAGEMENT OF THE PRIVATE RESOURCES RECEIVED THROUGH THE INVESTMENT OF CONTRIBUTIONS FOR ANY OR ALL OF THE EDUCATIONAL SUPPORT ACTIVITIES THAT MAY BE CONDUCTED BY THE UNIVERSITY. 0 0 2100960 2100960 SCHOLARSHIPS & AWARDS - PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ENROLLED IN THE UNIVERSITY TO ASSIST THEM IN OBTAINING THEIR UNDERGRADUATE AND GRADUATE DEGREES AND/OR RECOGNIZE THEM FOR SPECIFIC ACCOMPLISHMENTS THEY HAVE ACHIEVED IN AN AREA OF STUDY. 2103276 2103276 32025 UNIVERSITY PROGRAM SUPPORT & EVENTS - RESOURCES IN THE WAY OF FINANCIAL SUPPORT PROVIDED TO ENHANCE THE EDUCATIONAL AND SOCIAL PROGRAMS OFFERED BY THE UNIVERSITY TO ITS STUDENTS, ALUMNI, AND THE EXTENDED COMMUNITY. 653148 653148 63592 UNIVERSITY ATHLETIC PROGRAM SUPPORT - BROAD BASED SUPPORT OF THE MEN'S AND WOMEN'S INTER-COLLEGIATE ATHLETIC PROGRAM OF THE UNIVERSITY TO ASSIST IT IN BEING COMPETITIVE WITH OTHER DIVISIONAL SCHOOLS. 4857384 1 1 0 0 0 0 0 0 1 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CT AZ CA ME NH NJ WA NY MA X X KRISTA HAYES CO SOUTHERN CONNECTICUT 2033925916 501 CRESCENT STREET OB-1 RM 112P NEW HAVEN CT 06515 X CHRISTOPHER BORAJKIEWICZ BOARD CHAIR 2.00 X X 0 0 0 EDMUND MARCARELLI DIRECTOR 2.00 X 0 0 0 J PHILIP SMITH DIRECTOR 2.00 X 0 0 0 JACQUELYNN GAROFANO DIRECTOR 2.00 X 0 0 0 JOCELYNNE RAINEY DIRECTOR 2.00 X 0 0 0 JOHN EMRA DIRECTOR 2.00 X 0 0 0 JON PEDERSEN TREASURER 2.00 X X 0 0 0 KRIS ADANTI-PEDERSEN DIRECTOR 2.00 X 0 0 0 STACY FIELDS ALUMNI REPRESENTATIVE 2.00 X 0 0 0 LOU GIANQUINTO DIRECTOR 2.00 X 0 0 0 MARK TARINI DIRECTOR 2.00 X 0 0 0 MICHAEL KINGAN EXECUTIVE DIRECTOR 2.00 X X 0 0 0 NORBERT WILLIAMSON DIRECTOR 2.00 X 0 0 0 RUTH EREN DIRECTOR 2.00 X 0 0 0 ASHLEY TISBERT-HARMON SECRETARY 2.00 X X 0 0 0 SHARON MISASI DIRECTOR 2.00 X 0 0 0 JAMES BARBER DIRECTOR 2.00 X 0 0 0 MICHAEL ARIAS DIRECTOR 2.00 X 0 0 0 PATRICK MORRISON DIRECTOR 2.00 X 0 0 0 MARC NIVET DIRECTOR 2.00 X 0 0 0 MARK STEVENS DIRECTOR 2.00 X 0 0 0 RON STEWART DIRECTOR 2.00 X 0 0 0 JACKIE BURKE DIRECTOR 2.00 X 0 0 0 TERRIE ESTES DIRECTOR 2.00 X 0 0 0 THOM VOLL DIRECTOR 2.00 X 0 0 0 KRISTA HAYES FINANCE DIRECTOR 35.00 X 0 0 0 0 0 0 0 0 0 0 0 94310 2493657 216547 2587967 ATHLETIC AND EDUCATION EVENTS 611710 95617 95617 95617 45958 45958 8114150 6315225 1798925 1798925 1798925 91495 94310 97799 -6304 -6304 4522163 95617 0 1838579 X 4793267 4793267 64117 64117 163551 163551 25579 25579 39669 39669 129200 129200 10419 10419 75391 75391 2307 2307 1044 1044 9187 9187 7593 7593 DUES, MEMBERSHIPS AND S 3680 3680 5325004 4857384 467620 0 810612 990996 21780 10838 3693987 3062583 49938189 54150190 360343 448131 54824911 58662738 773002 749177 10745 272390 304568 8102 7640 1064239 1061385 X 4830168 5089557 48930504 52511796 53760672 57601353 54824911 58662738 X -802841 4637471 6051 X 0 1 X 1 0 X 3107035 5745571 4163756 2682021 2587967 18286350 59878 54488 108998 83940 95617 402921 3166913 5800059 4272754 2765961 2683584 18689271 4792791 13896480 4202 6082 36800 54430 45958 147472 18836743 402921 0.73770 0.68720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 272390 -32178 304568 1 40457103 1280790 5411233 1985185 333246 44830695 35630452 1002258 5754338 1868520 61425 40457103 32219928 1382277 3918639 1758711 131681 35630452 37077101 1508937 -4555578 1222283 588249 32219928 29916469 1570088 7967834 1351882 1025408 37077101 0.02619 0.57038 0.40343 0 0 0 COMMONFUND INVESTMENTS 54150190 F 54150190 CHARITABLE GIFT ANNUITY 7640 7640 X 10015286 4637471 881002 6051 5524524 4490762 129200 -97799 31401 4522163 6174605 881002 97799 978801 5195804 129200 129200 5325004 PART IV, LINE 1B: THE FOUNDATION IS THE CUSTODIAN OF GRANT FUNDS BELONGING TO THE SOUTHERN CONNECTICUT STATE UNIVERSITY ALUMNI ASSOCIATION, INC. (THE "ASSOCIATION"). THE INVESTMENTS OF THESE GRANT FUNDS ARE HELD IN AN INVESTMENT POOL. THE AGREEMENT BETWEEN THE ASSOCIATION AND THE FOUNDATION PROVIDE FOR PAYMENT OF A PROGRAMMING GRANT FROM THE FOUNDATION TO THE ASSOCIATION IN RECOGNITION OF THE VALUE OF THE ASSOCIATION'S PROGRAMS FOR ALUMNI IN SUPPORTING THE FUNDRAISING EFFORTS OF THE FOUNDATION. PART V, LINE 4: THE PRIMARY PURPOSE OF THE ENDOWMENT IS TO FUND SCHOLARSHIPS AND PROVIDE PROGRAM SUPPORT TO BOTH THE UNIVERSITY AND ITS STUDENTS. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2022 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, THE FOUNDATION WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF MANAGEMENT AND GENERAL EXPENSES IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS AND INCLUDE ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. THE FOUNDATION DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX MATTERS FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF ANNUITY 6,051. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE -97,799. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 97,799. GOLF EVENT 1 68500 39225 29275 5419 28774 4122 1373 GOLF EVENT 2 67650 36450 31200 26000 7278 3 49655 18635 31020 3034 9775 1838 10186 185805 94310 91495 8453 64549 5960 7278 11559 97799 -6304 1 SOUTHERN CT STATE UNIVERSITY 501 CRESCENT STREET NEW HAVEN CT 06515 061363115 501(C)(3) 4744267 0 AWARDS, SCHOLARSHIPS, GRANTS & FINANCIAL ASSISTANCE SOUTHERN CT STATE UNIVERSITY ALUMNI ASSOCIATION 501 CRESCENT STREET NEW HAVEN CT 06515 237213073 501(C)(3) 49000 0 FOUNDATION GRANT TO ALUMNI ASSOCIATION 2 STUDENT AWARDS & ASSISTANCE 163 64117 FMV FINANCIAL AID/SUPPORT PART I, LINE 2: THE FOUNDATION SUBMITS PAYMENT ALONG WITH A LIST OF SCHOLARSHIP AND AWARD RECIPIENTS BY INDIVIDUAL TO THE UNIVERSITY'S FINANCIAL AID OFFICE WHEREBY THE UNIVERSITY CREDITS THE RECIPIENT'S ACCOUNT WITH THE UNIVERSITY FOR THE EXACT AMOUNT GRANTED. X 2 215797 FMV X OTHER 1 750 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 JON PEDERSEN AND KRIS ADANTI PEDERSEN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE RETURN, THE FULL BOARD IS NOTIFIED THAT THE AUDIT COMMITTEE HAS REVIEWED AND APPROVED THE COMPLETED COPY OF THE FORM 990. THE RETURN HAS BEEN POSTED TO THE FOUNDATION'S WEBSITE AND IS AVAILABLE FOR THE FULL BOARD TO REVIEW PRIOR TO THE FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE DETERMINATION OF COMPENSATION IS COVERED UNDER THE UNIVERSITY'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FURTHERMORE, ALL POLICIES INCLUDING CONFLICT OF INTEREST, INVESTMENT POLICY, ETC. ARE POSTED ON OUR WEBPAGE "SCSU FOUNDATION" ON THE SOUTHERN CONNECTICUT STATE UNIVERSITY WEBSITE SOUTHERNCT.EDU . A COPY OF OUR IRS FORM 990 RETURN IS ALSO POSTED ON OUR WEBPAGE. THE FOUNDATION'S BUSINESS MANAGER IS RESPONSIBLE FOR ENSURING THESE DOCUMENTS, SUBSEQUENT UPDATES AND ANY NEW POLICIES ARE POSTED TO THIS WEBPAGE. PART IX FUNDRAISING COLUMN FUNDRAISING EXPENSES ARE PRIMARILY BEING INCURRED BY THE UNIVERSITY. THE UNIVERSITY DONATES THEIR SERVICES THROUGH THE FOUNDATION TO ASSIST IN RAISING CHARITABLE CONTRIBUTIONS ON BEHALF OF THE FOUNDATION. THESE DONATED SERVICES FOR ACCOUNTING PURPOSES ARE INCLUDED IN GROSS CONTRIBUTIONS AND ARE THEN DEDUCTED AS AN EXPENSE ATTRIBUTABLE TO THE CONTRIBUTIONS. DONATED SERVICES ARE NOT INCLUDED IN PART IX OF THE 990 FOR TAX PURPOSES. THEY ARE REFLECTED AS A RECONCILING ITEM IN THE RECONCILIATION OF THE FINANCIAL STATEMENTS IN SCHEDULE D PART XI OF THE 990. FORM 990, PART XI, LINE 9: CHANGE IN CHARITABLE GIFT ANNUITY 6,051.