2026-05-12T20:59:03-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2024-07-01 237261698 NEW JERSEY CITY UNIVERSITY FOUNDATION INC NEWJ 2012003344 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 LIZETTE DELGADO EXECUTIVE DIRECTOR 2012003344 2026-05-12 1 1 GARRETT M HIGGINS P00543209 2017129800 2026-05-12 2024 2025-03-06 01:10:19Z LIZETTE DELGADO 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 13598401 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. 16 16 0 18 0 0 3065276 2671515 3509815 3635037 1037279 1229849 20 -14031 7612390 7522370 1275674 1645568 0 0 0 0 0 0 83763 5474172 5550906 6749846 7196474 862544 325896 81988169 83410424 48959013 48596881 33029156 34813543 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 5100725 0 3576745 STUDENT HOUSING:IN 2014, THE WEST CAMPUS HOUSING, LLC WAS CREATED AND CONSISTS OF THREE DORMITORY BUILDINGS. THERE ARE 624 BEDS AVAILABLE WITH 47% OCCUPANCY FOR FY2025. 971838 934983 58292 PROVISIONAL ACTIVITIES: THE FOUNDATION SUPPORTED PROVISIONAL ACTIVITIES OF THE UNIVERSITY AND OF SURROUNDING ORGANIZATIONS. 710585 710585 0 SCHOLARSHIPS: THE FOUNDATION PROVIDED FUNDING TO NEW JERSEY CITY UNIVERSITY FOR STUDENT SCHOLARSHIPS AND OTHER PROGRAMMATIC PURPOSES. 6783148 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 27 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X BRIAN KIRKPATRICK CPA UNIVERSITY VP OF ADMIN & FINANCE 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 1.00 X X 0 0 0 JEFFREY MARTINEZ DIRECTOR - TREASURER 1.00 X X 0 0 0 CAROL CUADRADO DIRECTOR 1.00 X 0 0 0 WILL EAVES DIRECTOR 1.00 X 0 0 0 NICOLE LEON DIRECTOR 1.00 X 0 0 0 STEPHANIE LEZCANO DIRECTOR 1.00 X 0 0 0 JOSE LOZANO DIRECTOR 1.00 X 0 0 0 ROLANDO MURILLO DIRECTOR 1.00 X 0 0 0 JOSEPH NYAMWANGE DIRECTOR 1.00 X 0 0 0 ADAM SAN MIGUEL 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 LIZETTE DELGADO EXECUTIVE DIRECTOR 2.00 X 89220 0 27666 ANDRES ACEBO NJCU PRESIDENT 2.00 X 0 0 0 BRIAN KIRKPATRICK CPA NJCU VP OF ADMIN & FINANCE 2.00 X 0 0 0 89220 0 27666 0 0 0 1 BROOMS CLEANING SERVICES LLC 27 GALL AVENUE ELMWOOD PARK NJ 07407 CLEARNING SERVICES 300011 1 94571 2065000 511944 2671515 STUDENT HOUSING FACILITIES 532000 3576745 3576745 AUXILIARY REVENUE 611710 30587 30587 ASSESSMENT FEES 611710 27705 27705 3635037 858151 858151 224454 224454 6169064 6021820 147244 147244 147244 40080 94571 54211 -14131 -14131 MISCELLANOUS INCOME 900099 100 100 100 7522370 3635037 0 1215818 1645568 1645568 72954 72954 83950 11700 72250 131369 131369 186229 99759 16750 69720 32556 16545 6529 9482 2484033 2484033 1768 275 1493 1384097 1383111 986 20042 20042 REPAIRS AND MAINTENANCE 784564 784564 ALLOCATED PAYROLL 345000 345000 FOOD/MEALS 9485 9088 397 OFFICIAL RECEPTION 9229 980 3688 4561 5630 2525 3105 7196474 6783148 329563 83763 434393 461368 8035526 7738058 2213038 1999954 6678340 4956263 58653436 13560170 42406303 45093266 22220569 23161515 81988169 83410424 1364880 1278403 45958367 44876238 1635766 2442240 48959013 48596881 X 8053712 9063356 24975444 25750187 33029156 34813543 81988169 83410424 X 325896 1635515 -177024 X 0 1 X 1 1 1 X 2352902 1599801 1115970 3023862 2671515 10764050 2352902 1599801 1115970 3023862 2671515 10764050 1118220 9645830 517491 590225 829341 1147024 1082605 4166686 2031 2150 0 0 0 4181 138301 112997 100 251398 15186315 23461259 0.63520 0.61890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ASSESSMENT FEES - 2020 AMOUNT: $ 138,301. 2021 AMOUNT: $ 110,402. MISCELLANEOUS INCOME - 2021 AMOUNT: $ 2,595. 2024 AMOUNT: $ 100. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 24838199 672722 1934204 1804478 27705 25612942 23717169 1069786 1730694 1608335 71115 24838199 23039504 1014563 1151657 1450167 38389 23717169 25598633 1820351 -2263058 2006020 110402 23039504 21283183 2513054 3034829 1094132 138301 25598633 0.00070 0.29378 0.70553 0 0 57011189 12306696 44704493 465364 408034 57330 1176883 845440 331443 45093266 DUE TO NEW JERSEY CITY UNIVERSITY 2442240 2442240 9698414 1635515 604629 67269 2307413 7391001 131369 131369 7522370 7914027 604629 244293 848922 7065105 131369 131369 7196474 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 13,058. FUNDRAISING EVENT EXPENSES REPORTED IN PART VIII 54,211. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF PLEDGE RECEIVABLES 190,082. FUNDRAISING EVENT EXPENSES REPORTED IN PART VIII 54,211. GALA 134651 94571 40080 4934 28090 950 20237 134651 94571 40080 4934 28090 950 20237 54211 -14131 1 NEW JERSEY CITY UNIVERSITY 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 222830882 STATE OF NJ 1607024 0 TO PROVIDE FUNDS TO THE UNIVERSITY FOR SCHOLARSHIPS AND GRANTS TO STUDENTS AND OTHER GRANTS TO THE UNIVERSITY JERSEY CITY MEDICAL CENTER INC 355 GRAND STREET JERSEY CITY NJ 07302 222783298 501(C )(3) 11000 0 GENERAL SUPPORT HUDSON COUNTY CHAMBER OF COMMERCE 185 HUDSON STREET SUITE 2730 JERSEY CITY NJ 07311 222262152 501(C )(6) 5526 0 GENERAL SUPPORT 2 1 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 OVER 80% 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 LIZETTE DELGADO EXECUTIVE DIRECTOR 87742 0 0 0 1478 0 4565 0 23101 0 116886 0 0 0 PART VII, LINE 5: LIZETTE DELGADO, EXECUTIVE DIRECTOR, WAS EMPLOYED AND COMPENSATED BY NEW JERSEY CITY UNIVERSITY, AN UNRELATED PARTY. SHE DEVOTED 100% OF HER TIME TO NEW JERSEY CITY UNIVERSITY FOUNDATION AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, HAS 100% OF HER COMPENSATION ALLOCATED TO THE FOUNDATION ($116,886). A NJ ECONOMIC DEV AUTHORITY SERIES 2015A 222045817 64577BHM9 2015-03-17 51818115 CONSTRUCT STUDENT HOUSING 0 0 0 A 5895000 51818115 3234981 857505 47725629 3234981 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 NEW JERSEY CITY UNIVERSITY FOUNDATION, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY MAKING IT AVAILABLE ON GUIDESTAR.ORG AND SIMILAR TYPES OF WEBSITES. IN ADDITION, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST AGREEMENTS 13,058. WRITE OFF OF PLEDGE RECEIVABLES -190,082. WEST CAMPUS HOUSING LLC 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 472665116 RESIDENT FACILITY NJ 5760483 57249167 NEW JERSEY CITY UNIVERSITY FOUNDATION INC WCPAC LLC 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 871799614 OPERATING PERFORMING ARTS CENTER NJ 0 0 NEW JERSEY CITY UNIVERSITY FOUNDATION INC CHARITABLE REMAINDER ANNUITY TRUST 1225 KENNEDY BOULEVARD BAYONE NJ 07002 HOLDING COMPANY NJ BEACON TRUST T 800440 0.60000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0