2026-04-07T11:14:04-05:00 2025-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-07-01 453912932 PILLAR COLLEGE INC PILL 9738035000 60 PARK PLACE 701 NEWARK NJ 07102 CINDY WEAVER VICE PRESIDENT FOR FINANCE/CFO 9738035000 2026-04-07 1 1 SARA TIBBOTT P01486965 5055022746 2026-04-07 2024 2025-03-06 01:10:19Z DR DAVID SCHROEDER 60 PARK PLACE 701 NEWARK NJ 07102 14847430 0 X WWW.PILLAR.EDU X 1994 NJ PILLAR COLLEGE IS AN INDEPENDENT, FAITH-BASED 4 YEAR INSTITUTION OF HIGHER EDUCATION. 16 16 140 19 0 0 422055 406625 12712209 13950667 10633 9300 206185 166864 13351082 14533456 3717261 3197476 0 0 4840335 5113911 0 0 150240 4194459 5381787 12752055 13693174 599027 840282 4531525 4608940 4850656 4087789 -319131 521151 PILLAR COLLEGE IS AN INDEPENDENT, FAITH-BASED, 4 YEAR INSTITUTION OF HIGHER EDUCATION LICENSED BY THE STATE OF NEW JERSEY AND ACCREDITED BY MIDDLE STATES COMMISSION ON HIGHER EDUCATION AND THE ASSOCIATION OF BIBLICAL HIGHER EDUCATION. 0 0 8121567 3197476 14130283 PILLAR COLLEGE IS THE ONLY ACCREDITED, PRIVATE CHRISTIAN COLLEGE IN NEW JERSEY. PILLAR COLLEGE WAS FOUNDED IN 1908 AND ESTABLISHED AND CHARTERED BY THE NEW JERSEY COMMISSION ON HIGHER EDUCATION IN 2001. WE ARE LOCATED IN NEWARK, SOMERSET AND PATERSON, NEW JERSEY. THE UNDUPLICATED HEAD COUNT FOR FYE 25 WAS 657 UNDERGRADUATE AND 46 GRADUATE STUDENTS. THE COLLEGE OFFERS THE FOLLOWING DEGREES: MASTER OF ARTS IN COUNSELING AND MINISTRY LEADERSHIP, AN MBA IN SOCIAL SECTOR MANAGEMENT, BACHELOR OF ARTS IN BIBLICAL STUDIES, BUSINESS ADMINISTRATION & MANAGEMENT, ELEMENTARY EDUCATION, INTERCULTURAL COMMUNICATION, ORGANIZATIONAL LEADERSHIP, AND PSYCHOLOGY AND COUNSELING, AND ASSOCIATE OF ARTS IN GENERAL STUDIES. 8121567 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 1 694 0 1 140 1 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 1 1 0 NJ X CINDY WEAVER 9738035000 60 PARK PLACE 701 NEWARK NJ 07102 TIMOTHY L SCHMIDT CHAIRMAN 2.00 X X 0 0 0 J GEORGE REILLY VICE CHAIRMAN 2.00 X X 0 0 0 JUAN VELASCO ESQ TREASURER/SECRETARY 2.00 X X 0 0 0 DR GEORGE BLOUNT TRUSTEE 2.00 X 0 0 0 HENRI STEENKAMP TRUSTEE 2.00 X 0 0 0 DR K BRAD STAMM TRUSTEE 2.00 X 0 0 0 DR MARK GRAWEHR TRUSTEE 2.00 X 0 0 0 DR MAYRA SUERO-WADE TRUSTEE 2.00 X 0 0 0 REV TIMOTHY KWOK TRUSTEE 2.00 X 0 0 0 REV UI KIM TRUSTEE 2.00 X 0 0 0 SHINO JOHN TRUSTEE 2.00 X 0 0 0 DR LISA STEINER TRUSTEE 2.00 X 0 0 0 DR KENNETH C WELCH TRUSTEE 2.00 X 0 0 0 DR KIM JANCEY JAMES TRUSTEE 2.00 X 0 0 0 KEYLA PAVIA TRUSTEE 2.00 X 0 0 0 VLADIMIR ST PHARD TRUSTEE 2.00 X 0 0 0 LEE ROUSON TRUSTEE (PART YEAR) 2.00 X 0 0 0 DEBORAH SKOMBA TRUSTEE (PART YEAR) 2.00 X 0 0 0 JAMES KANG TRUSTEE (PART YEAR) 2.00 X 0 0 0 DR DAVID SCHROEDER PRESIDENT 40.00 X 182557 0 20847 GISELLE LLERENA PROVOST 40.00 X 83971 0 22090 CINDY WEAVER VICE PRESIDENT FOR FINANCE/CFO 40.00 X 100722 0 2426 367250 0 45363 2 0 1 0 FA SOLUTIONS 600 IST AVE N STE 302 ST PETERSBURG FL 33701 FINANCIAL AID SERVICES 121800 1 21520 82681 302424 23682 406625 TUITION & FEES 611710 13950475 13950475 AUXILIARY INCOME 611710 192 192 13950667 9300 9300 299742 299742 0 0 1480 21520 14232 -12752 -12752 179616 179616 179616 14533456 14130283 0 -3452 3197476 3197476 450427 315299 126119 9009 190459 190459 3559806 2439231 1045870 74705 65267 45687 18275 1305 374474 262132 104853 7489 473478 331434 132574 9470 21298 21298 102866 102866 806733 354439 452294 67802 6780 54242 6780 190201 85591 95100 9510 221952 99878 110976 11098 920837 644586 257834 18417 5043 504 4539 70517 70517 54611 38207 15312 1092 68269 47789 19115 1365 BIBLICAL STUDIES 2408105 2408105 BAD DEBT EXPENSE 258593 258593 LICENSING EXPENSE 60018 18704 41314 EVENTS & INTRAMURALS 31981 14402 17579 92961 28969 63992 13693174 8121567 5421367 150240 319844 443445 34688 1164647 773304 50822 8984 497328 456155 73295 41173 298423 7707 2589806 3334327 4531525 4608940 1311652 687701 99406 555123 825504 800504 2614094 2044461 4850656 4087789 X -644802 256156 325671 264995 -319131 521151 4531525 4608940 840282 0 X 0 1 X 1 1 1 X 2745356 3894872 381968 422055 406625 7850876 2745356 3894872 381968 422055 406625 7850876 43382 7807494 1150 3715 1278 14806 9300 30249 122196 121026 225307 179616 648145 8529270 54147605 0.91540 0.92910 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME - 2020 AMOUNT: $ 57,072. 2021 AMOUNT: $ 121,026. 2023 AMOUNT: $ 225,307. 2024 AMOUNT: $ 179,616. INSURANCE PROCEEDS - 2020 AMOUNT: $ 2,581. REIMBURSEMENTS - 2020 AMOUNT: $ 62,543. SCHEDULE A, PART II: THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND, THEREFORE, QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 206250 205471 779 291078 250684 40394 41173 OPERATING LEASE - RIGHT-OF-USE ASSETS 1940442 FINANCING LEASE - RIGHT-OF-USE ASSETS 21665 SECURITY DEPOSIT 58609 ESCROW BALANCE WITH U.S. DEPARTMENT OF EDUCATION 1313611 3334327 OPERATING LEASE LIABILITIES 2021429 FINANCING LEASE LIABILITIES 23032 2044461 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS CONSISTENT WITH THE PUBLICITY EXCEPTION FOUND IN REV. PROC. 75-50 SECTION 4.03(2)(B). LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID: PILLAR COLLEGE RECEIVES FUNDING THROUGH FEDERAL PELL, SEOG, DIRECT LOANS, AND STATE OF NEW JERSEY HESAA (NJTAG). ALUMNI AWARDS DINNER 23000 21520 1480 4996 1550 7686 23000 21520 1480 4996 1550 7686 14232 -12752 1 FINANCIAL AID 672 3197476 PART I, LINE 2: PILLAR COLLEGE AWARDS TITLE IV FUNDS TO STUDENTS FOR THE PURPOSE OF ASSISTING WITH TUITION AND RELATED COLLEGE EXPENSES. STUDENTS MUST MEET ELIGIBILITY REQUIREMENTS BEFORE FUNDS ARE AWARDED. AWARDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR DAVID SCHROEDER PRESIDENT 182557 0 0 0 0 0 5963 0 14884 0 203404 0 0 0 PART I, LINE 1A PURSUANT TO INTERNAL REVENUE CODE SECTION 107, MINISTERIAL HOUSING ALLOWANCES ARE PROVIDED FOR QUALIFYING MINISTERIAL EMPLOYEES. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. DR. DAVID SCHOEDER, PRESIDENT AND GISELLE LLERENA, PROVOST MET THE QUALIFICATIONS FOR AND RECEIVED A MINISTERIAL HOUSING ALLOWANCE DURING THE TAX YEAR. CHRISTINE SCHROEDER FAMILY MEMBER OF DAVID SCHROEDER, PRESIDENT 92970 WAGES & BENEFITS 0 BRIAN SCHROEDER FAMILY MEMBER OF DAVID SCHROEDER, PRESIDENT 82475 WAGES & BENEFITS 0 ELIZABETH SCHROEDER FAMILY MEMBER OF DAVID SCHROEDER, PRESIDENT 15014 CONTRACTOR SERVICES 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF AT LEAST ONE-THIRD (1/3) OF THE INDIVIDUALS WHO ARE MEMBERS OF THE PILLAR OF FIRE, INCLUDING THE CHAIRMAN AND VICE CHAIRMAN. THE EXECUTIVE COMMITTEE SHALL BE EMPOWERED TO ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS OF THE BOARD WITH THE EXCEPTION OF APPOINTING/REMOVING TRUSTEES OR OFFICERS, MAKING CHANGES TO THE BYLAWS OR ARTICLES OF INCORPORATION, OR ANY ACTION THAT REQUIRES SEVENTY-FIVE PERCENT (75%) BOARD APPROVAL. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD WITHIN THIRTY (30) DAYS OF SUCH ACTION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL OFFICERS AND BOARD MEMBERS TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. THE BOARD CHAIRMAN IS RESPONSIBLE FOR REVIEWING THE SIGNED STATEMENTS AND ENSURING THAT INTERESTED PERSONS ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE BOARD SECRETARY REVIEWS THE BOARD CHAIRMAN'S STATEMENT. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT, PROVOST AND VICE PRESIDENT FOR FINANCE/CFO IS DETERMINED AND REVIEWED BY THE ADMINISTRATIVE COMMITTEE OF THE BOARD. COMPARABILITY DATA IS USED, AND THE APPROVAL PROCESS IS DOCUMENTED IN THE INDIVIDUAL HR FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ANCHOR OF HOPE AT PILLAR COLLEGE LLC 60 PARK PLACE STE 701 NEWARK NJ 07102 863124716 ASSIST ORGANIZATIONS WHO ADDRESS THE OPIOID CRISIS NJ 0 0 PILLAR COLLEGE INC PILLAR COLLEGE-PANTHER PRESS LLC 60 PARK PLACE STE 701 NEWARK NJ 07102 854386877 PUBLISHING NJ 0 0 PILLAR COLLEGE INC PILLAR CENTER FOR TRANSFORMATIVE WORK INC 60 PARK PLACE STE 701 NEWARK NJ 07102 844632340 BUILD CAPACITY OF INDIVIDUALS, INDUSTRY, AND INSTITUTIONS IN THE INNER CITY NJ 501(C)(3) LINE 7 PILLAR COLLEGE INC 1 PILLAR COMMUNITY ECONOMIC DEVELOPMENT CORPORATION 60 PARK PLACE STE 701 NEWARK NJ 07102 844632531 COMMUNITY DEVELOPMENT FINANCIAL INITIATIVES & ECONOMIC DEVELOPMENT NJ 501(C)(3) LINE 7 PILLAR COLLEGE INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0