2026-01-20T12:32:58-06:00 2025-06-30 231909723 MCKONLY & ASBURY LLP 415 FALLOWFIELD ROAD CAMP HILL PA 17011 990 2024-07-01 237088491 THE BLOOMSBURG UNIVERSITY FOUNDATIONINC BLOO 5703894995 50 EAST MAIN STREET 4TH FLOOR BLOOMSBURG PA 17815 JEROME DVORAK EXECUTIVE DIRECTOR 5703894995 2026-01-20 1 1 ALYSSA N IRISH P02389116 7177617910 2026-01-20 2024 2025-03-06 01:10:19Z JEROME DVORAK 50 EAST MAIN STREET 4TH FLOOR BLOOMSBURG PA 17815 30996966 0 X GIVING.BLOOMU.EDU X 1970 PA SEE SCHEDULE O. THE BLOOMSBURG UNIVERSITY FOUNDATION, INC. INSPIRES AND STEWARDS PHILANTHROPY AND OTHER REVENUE GROWTH IN SUPPORT OF COMMONWEALTH UNIVERSITY - BLOOMSBURG. 23 23 78 740 -313704 0 13839126 6627902 2730688 3049203 2298716 4417145 29229 8226 18897759 14102476 4196040 5408833 0 0 2593393 2786337 0 0 2586020 2924277 4875045 9713710 13070215 9184049 1032261 111148107 116643608 16817997 16466357 94330110 100177251 X THE BLOOMSBURG UNIVERSITY FOUNDATION, INC. INSPIRES AND STEWARDS PHILANTHROPY AND OTHER REVENUE GROWTH IN SUPPORT OF COMMONWEALTH UNIVERSITY. 0 0 3214421 2320659 3192106 ACADEMIC PROJECTS - FUNDING PROVIDED BY THE BUF SUPPORTS A NUMBER OF ACADEMIC PROGRAMS THAT ENHANCE THE EDUCATIONAL EXPERIENCE FOR CU STUDENTS. PROJECTS FUNDED BY THE BUF COVER AREAS THAT INCLUDE, BUT ARE NOT LIMITED TO: ACADEMIC AND ATHLETIC PROGRAMS, ADVANCEMENT AND DEVELOPMENT, TRAVEL, PUBLIC SERVICE, EXTERNAL RELATIONS, ARTWORK AND RESEARCH. THESE PROGRAMS SERVE AS THE FOUNDATION OF THE PRINCIPAL RESOURCES FOR CU FACULTY, STAFF AND STUDENTS. THEY SUPPORT THE UNIVERSITY'S EFFORTS TO EXPAND PROFESSIONAL DEVELOPMENT AND EXPERIENTIAL LEARNING OPPORTUNITIES THAT OCCUR BEYOND THE CLASSROOM SETTING AND ARE VITAL IN PREPARING CU STUDENTS TO ENTER A COMPETITIVE WORKFORCE. 2626060 1664192 GRANTS & SCHOLARSHIPS - THE BLOOMSBURG UNIVERSITY FOUNDATION (BUF) PROVIDES SCHOLARSHIPS AND AWARDS TO MORE THAN 890 STUDENTS AT COMMONWEALTH UNIVERSITY (CU). THESE SCHOLARSHIPS PROVIDE RESOURCES TO HELP RECRUIT STUDENTS, REWARD INCOMING FRESHMEN FOR THEIR HARD WORK AND TO RETAIN RETURNING STUDENTS. THIS SUPPORT IS INSTRUMENTAL IN HELPING THE UNIVERSITY REACH ITS GOAL OF PROVIDING A QUALITY EDUCATIONAL EXPERIENCE AT AN AFFORDABLE COST. IT ALLOWS CU TO BE A PREMIER PUBLIC COMPREHENSIVE UNIVERSITY, RECOGNIZED AS A CENTER FOR THINKING, LEARNING AND ACADEMIC EXCELLENCE. IT ALSO HELPS OUR UNIVERSITY TO CONTINUE TO ANTICIPATE AND ADDRESS THE CHANGING NEEDS OF THE COMMONWEALTH AND TO BE A DIVERSE COMMUNITY THAT PRODUCES POSITIVE CHANGE AND ENCOURAGES A CULTURE OF GOOD STEWARDSHIP OF OUR RESOURCES AND THE ENVIRONMENT, DEVELOPING INDIVIDUALS WHO WILL BE CONTRIBUTING CITIZENS. 2443045 1423982 BLOOMSBURG UNIVERSITY FOUNDATION PROVIDES AFFORDABLE AND COMFORTABLE HOUSING FOR STUDENTS OF COMMONWEALTH UNIVERSITY IN PROPERTIES ADJACENT TO THE UNIVERSITY'S CAMPUS FOR A TOTAL OF 171 BEDS. 73624 THE CALCULATED CURRENT CAMPAIGN COST TO RAISE A DOLLAR AT BUF IS $0.17 WITH A RETURN ON INVESTMENT TO THE UNIVERSITY OF $7.16 PER EVERY DOLLAR. 73624 8357150 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 46 0 1 78 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JEROME DVORAK 5703894995 BLOOMSBURG UNIV FDN 50 E MAIN ST BLOOMSBURG PA 17815 STEPHEN JONES CHAIRMAN 3.00 X X 0 0 0 MICHAEL GILLESPIE VICE CHAIR 3.00 X X 0 0 0 CRAIG DIEHL TREASURER 1.00 X X 0 0 0 NICHOLAS GIUFFRE CORRESPONDING SECRETARY 1.00 X X 0 0 0 SUSAN FETTERMAN INTERIM SECRETARY 1.00 X X 0 0 0 HAROLD BAILEY DIRECTOR 1.00 X 0 0 0 MICHAEL BOGUSKI DIRECTOR 1.00 X 0 0 0 JULIE BREINER DIRECTOR 1.00 X 0 0 0 MARIA CANNON DIRECTOR 2.00 X 0 0 0 RONN CORT DIRECTOR 2.00 X 0 0 0 JAHRI EVANS DIRECTOR 1.00 X 0 0 0 SHARON GETTEL DIRECTOR 1.00 X 0 0 0 DREW HOSTETTER DIRECTOR 3.00 X 0 0 0 JULI MILLER DIRECTOR 1.00 X 0 0 0 CHRISTEN MOWAD DIRECTOR 1.00 X 0 0 0 JOHN MULKA DIRECTOR 1.00 X 0 0 0 JOEL SHOWALTER DIRECTOR 1.00 X 0 0 0 MARC STECKEL DIRECTOR 1.00 X 0 0 0 JOHN WOLAK DIRECTOR 2.00 X 0 0 0 IRVIN WRIGHT DIRECTOR 1.00 X 0 0 0 TERRY ZEIGLER DIRECTOR 3.00 X 0 0 0 JEROME DVORAK EXECUTIVE DIRECTOR 40.00 X 200618 0 61658 STEPHANIE ULMER VP OF ADVANCEMENT 40.00 X 142990 0 43273 JOSEPH NEMETH MAJOR GIFT OFFICER 40.00 X 127827 0 55899 471435 0 160830 3 0 1 0 0 6627902 54466 6627902 FEE FOR SERVICE 900099 2525125 2525125 MANAGEMENT FEES 900099 370000 370000 PROGRAM ACTIVITIES 900099 154078 154078 3049203 2192982 2192982 57005 57005 1895747 2066548 -170801 -170801 142903 -313704 17052105 14827942 2224163 2224163 2224163 UNRESTRICTED - MISC REVENUE 900099 122022 122022 122022 14102476 3192106 -313704 4596172 5408833 5408833 267720 21459 105693 140568 1847159 204077 620084 1022998 132088 6627 59382 66079 347201 5655 100270 241276 192169 9498 93100 89571 402460 402460 142693 142693 104490 80320 2926 21244 41526 41526 257319 178147 8241 70931 96041 56817 39224 83400 48890 34510 15287 8886 6401 EQUIPMENT, FEES AND OTH 2792974 1881464 316624 594886 SUPPLIES 495944 402047 22179 71718 MEALS AND REFRESHMENTS 172059 126505 7132 38422 OTHER EXPENSES 100867 579 40652 59636 169985 31939 49490 88556 13070215 8357150 2127045 2586020 1645867 634878 13686632 11362756 737296 497357 23632617 6099101 18222677 17533516 74680767 84077846 2174868 2537255 111148107 116643608 155453 144928 16028880 15546379 633664 775050 16817997 16466357 X 3826882 5018075 90503228 95159176 94330110 100177251 111148107 116643608 X 1032261 4890680 -75800 X X 0 1 X 1 0 X 2924756 12930685 4282591 13839126 6627902 40605060 2924756 12930685 4282591 13839126 6627902 40605060 7426273 33178787 1576993 2970250 2030801 2137554 2392890 11108488 51713548 13505149 0.64160 0.57440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 70164981 4179551 7586873 2383310 5599499 961506 72987090 63268867 3110611 6792870 2129902 877465 70164981 57028130 2537394 5671190 1239070 728777 63268867 64333486 4211331 -9301099 1282529 933059 57028130 51400850 859511 14653844 1730759 849960 64333486 0 0 2601785 2601785 20447844 6099101 14348743 582988 582988 17533516 SECURITY DEPOSITS 121352 PAYROLL TAX & W/H LIABILITIES 83336 AGENCY FUNDS HELD 476495 ANNUITIES PAYABLE 93867 775050 X PART III, LINE 4: ARTISTIC ITEMS ARE DISPLAYED FOR PUBLIC BEAUTY PART V, LINE 4: ENDOWMENTS ARE HELD TO GENERATE INVESTMENT INCOME THAT IS USED TO FUND SCHOLARSHIPS FOR THE BENEFIT OF THE STUDENTS ATTENDING COMMONWEALTH UNIVERSITY. PART X, LINE 2: THE FOUNDATION ADHERES TO THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES (ASC 740). ASC 740 ESTABLISHES RULES FOR RECOGNIZING AND MEASURING TAX POSITIONS IN AN INCOME TAX RETURN, INCLUDING DISCLOSURES OF UNCERTAIN TAX POSITIONS (UTPS). ASC 740 MANDATES THAT ORGANIZATIONS EVALUATE ALL MATERIAL INCOME TAX POSITIONS FOR PERIODS THAT REMAIN OPEN UNDER APPLICABLE STATUTES OF LIMITATION, AS WELL AS POSITIONS EXPECTED TO BE TAKEN IN FUTURE RETURNS. THE UTP RULES THEN IMPOSE A RECOGNITION THRESHOLD ON EACH TAX POSITION. AN ORGANIZATION CAN RECOGNIZE AN INCOME TAX BENEFIT ONLY IF THE POSITION HAS A "MORE LIKELY THAN NOT" (I.E. MORE THAN 50 PERCENT) CHANCE OF BEING SUSTAINED ON ITS TECHNICAL MERITS. DURING 2025, THE FOUNDATION HAS TAKEN NO MATERIAL TAX POSITIONS ON ITS APPLICABLE TAX FILINGS THAT DO NOT MEET THE MORE LIKELY THAN NOT THRESHOLD. AS A RESULT, NO AMOUNT FOR UTPS HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO FISCAL YEAR ENDED JUNE 30, 2022. X X X X X 1 RUFFALO NOEL LEVITZ LLC 5249 NORTH PARK PLACE NE SUITE 106 CEDAR RAPIDS IA 52402 CREATES AND DISTRIBUTES ANNUAL FUND SOLICITATIONS 0 0 81372 0 81372 PA MD WV FL AL AK CA KS KY ME MA MI MN NV NH NJ ND OH OK SC UT WA WI DC 1 COMMONWEALTH UNIVERSITY OF PENNSYLVANIA 400 EAST SECOND STREET BLOOMSBURG PA 17815 232738930 5408833 0 SCHOLARSHIPS/UNIVERSITY SUPPORT X X X 0 0 0 0 0 0 0 0 0 JEROME DVORAK EXECUTIVE DIRECTOR 194954 0 5664 0 0 0 14043 0 47615 0 262276 0 0 0 STEPHANIE ULMER VP OF ADVANCEMENT 142990 0 0 0 0 0 10009 0 33264 0 186263 0 0 0 JOSEPH NEMETH MAJOR GIFT OFFICER 127827 0 0 0 0 0 8948 0 46951 0 183726 0 0 0 A COL CTY IND DEV ATHY 231973643 000000000 2013-12-17 7250000 CONSTRUCTION OF NEW FACILITY 0 0 0 A 7200533 7200533 2015 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 X 6 7400 FAIR VALUE X 25043 FAIR VALUE X 3 20840 FAIR VALUE X MISCELLANEOUS DONATIONS 8 1183 RETAIL VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 MADE AVAILABLE TO ALL BOARD MEMBERS VIA PRIVATE WEB SITE FOR REVIEW AND COMMENT PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE OF POTENTIAL CONFLICTS REQUIRED OF ALL BOARD MEMBERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEWED ANNUALLY BY BOARD OF DIRECTORS IN RELATION TO COMPENSATION OF COMPARABLE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS PROVIDED UPON REQUEST IN PERSON DURING NORMAL BUSINESS HOURS OR IN WRITING. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF SPLIT INTEREST AGREEMENTS -75,800. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ENTREPRENEURIAL VENTURES LTD 50 EAST MAIN STREET BLOOMSBURG PA 17815 205169407 RENTAL REAL ESTATE PA 292174 342754 THE BLOOMSBURG UNIVERITY FOUNDATION INC ADVANCED STUDENT HOUSING LLC 50 EAST MAIN STREET BLOOMSBURG PA 17815 475618840 RENTAL REAL ESTATE PA 226776 1819080 THE BLOOMSBURG UNIVERITY FOUNDATION INC 801 LIGHTSTREET LLC 50 EAST MAIN STREET BLOOMSBURG PA 17815 RENTAL REAL ESTATE PA 116235 1671516 THE BLOOMSBURG UNIVERITY FOUNDATION INC 3 COUNTRY CLUB ROAD LLC 50 EAST MAIN STREET BLOOMSBURG PA 17815 RENTAL REAL ESTATE PA 79820 725796 THE BLOOMSBURG UNIVERITY FOUNDATION INC CARVER PLACE LLC 50 EAST MAIN STREET BLOOMSBURG PA 17815 842139895 RENTAL REAL ESTATE PA 692152 7074242 THE BLOOMSBURG UNIVERITY FOUNDATION INC COMMUNITY GOVT ASSN OF BLOOMSBURG UNIV 400 EAST SECOND STREET BLOOMSBURG PA 17815 232657495 STUDENT ACTIVITIES AT BLOOMSBURG UNIVERSITY PA 501(C)(3) LINE 10 N/A 0 HUSKY RESEARCH CORPORATION 400 EAST SECOND STREET BLOOMSBURG PA 17815 753094752 RESEARCH ACTIVITIES PA 501(C)(3) LINE 10 N/A 0 HONEYSUCKLE STUDENT HOLDINGS INC 400 EAST SECOND STREET BLOOMSBURG PA 17815 200081259 STUDENT HOUSING PA 501(C)(3) LINE 12A, I N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 COMMUNITY GOVERNMENT ASSOCIATION C 105925 ACTUAL RECEIVED