BLOOMFIELD COLLEGE: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- BLOOMFIELD COLLEGE (EIN 22-1494428)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-02-26
- IRS object ID
- 202440579349301404
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-02-26T14:19:00-06:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 STATE ST 13TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221494428 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLOOMFIELD COLLEGE | BusinessNameLine1Txt |
| Business Name Line2 | OF MONTCLAIR STATE UNIVERSITY INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BLOO | BusinessNameControlTxt |
| Phone | 9737489000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 467 FRANKLIN STREET | AddressLine1Txt |
| City | BLOOMFIELD | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07003 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL GALVIN | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 9737489000 | PhoneNum |
| Signature | 2024-02-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | GALVIN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIN COUTURE | PreparerPersonNm |
| PTIN | P01390592 | PTIN |
| Phone | 6177237900 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARCHETA EVANS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 467 FRANKLIN STREET | AddressLine1Txt |
| City | BLOOMFIELD | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07003 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $57,175,321 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BLOOMFIELD.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1868 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | TO PREPARE STUDENTS FOR ACADEMIC, PERSONAL AND PROFESSIONAL EXCELLENCE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 645 | TotalEmployeeCnt |
| Total Volunteers | 18 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $10,161,293 | PYContributionsGrantsAmt |
| CY Contributions Grants | $17,485,870 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $41,689,881 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $37,865,230 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,803,292 | PYInvestmentIncomeAmt |
| CY Investment Income | $835,758 | CYInvestmentIncomeAmt |
| PY Other Revenue | $203,935 | PYOtherRevenueAmt |
| CY Other Revenue | $379,104 | CYOtherRevenueAmt |
| PY Total Revenue | $53,858,401 | PYTotalRevenueAmt |
| CY Total Revenue | $56,565,962 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $16,883,810 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $15,228,404 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $20,701,470 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $23,044,811 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $23,260 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $15,477 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,044,040 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $17,297,958 | PYOtherExpensesAmt |
| CY Other Expenses | $18,235,299 | CYOtherExpensesAmt |
| PY Total Expenses | $54,906,498 | PYTotalExpensesAmt |
| CY Total Expenses | $56,523,991 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,048,097 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $41,971 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $93,884,575 | TotalAssetsBOYAmt |
| Total Assets EOY | $92,412,562 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $35,688,980 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $32,870,136 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $58,195,595 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $59,542,426 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PREPARE STUDENTS TO ATTAIN ACADEMIC, PERSONAL AND PROFESSIONAL EXCELLENCE IN A MULTICULTURAL AND GLOBAL SOCIETY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $45,880,957 | ExpenseAmt |
| Grant | $15,228,404 | GrantAmt |
| Revenue | $37,865,230 | RevenueAmt |
| Desc | BLOOMFIELD COLLEGE IS AN INDEPENDENT COLLEGE HISTORICALLY RELATED TO THE PRESBYTERIAN CHURCH (U.S.A.). LOCATED IN THE NEW JERSEY/NEW YORK METROPOLITAN REGION, THE COLLEGE OFFERS ACADEMIC PROGRAMS LEADING TO THE BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES AND MASTERS IN ACCOUNTING, FINE ARTS, AND EDUCATION. THE MISSION OF BLOOMFIELD COLLEGE IS TO PREPARE STUDENTS TO ATTAIN ACADEMIC, PERSONAL AND PROFESSIONAL EXCELLENCE IN A MULTICULTURAL AND GLOBAL SOCIETY. PROGRAMS OF STUDY ARE ROOTED IN THE LIBERAL ARTS, AND ASSIST STUDENTS IN OBTAINING THE SKILLS, KNOWLEDGE, AND VALUES THEY NEED TO BECOME EMPOWERED INDIVIDUALS ENGAGED IN RENEWING THEMSELVES, THEIR RELATIONSHIPS, THEIR WORKPLACES, AND THEIR COMMUNITIES. (CONTINUED ON SCHEDULE O)THE FALL 2022 STUDENT BODY WAS APPROXIMATELY 1,153 (GRADUATE & UNDERGRADUATE) STUDENTS. THE UNDERGRADUATE STUDENT BODY IS 59.2% FEMALE, 48.5% AFRICAN AMERICAN, 31.7% HISPANIC, AND 8.2% WHITE. MANY BLOOMFIELD COLLEGE STUDENTS ARE FIRST GENERATION COLLEGE STUDENTS, OR PROFESSIONALS SEEKING TO KEEP PACE WITH A CHANGING MARKETPLACE. AS OF THE FALL 2022, 400/34.7% STUDENTS RESIDED ON CAMPUS. IN THE FALL OF 2022, BLOOMFIELD COLLEGE ENROLLED 331 NEW FRESHMAN AND TRANSFER STUDENTS. 230 OF THESE NEW STUDENTS WERE FULL-TIME TRADITIONAL UNDERGRADUATE FRESHMEN. 96.2% OF FRESHMAN AND 95.6% OF CONTINUING STUDENTS RECEIVED SOME FORM OF AID. AID IS DISTRIBUTED AS: 79% SCHOLARSHIPS AND GRANTS, 16% STUDENT LOANS, 4% PARENTAL LOANS AND 1% JOBS. A TOTAL OF 377 ENROLLED FRESHMAN WERE JUDGED TO HAVE NEED, AND 358 OF THESE WERE OFFERED AID. BLOOMFIELD COLLEGE OFFERS OVER 60 MAJORS AND AREAS OF CONCENTRATION AS WELL AS OTHER SPECIAL LEARNING OPPORTUNITIES SUCH AS HONORS PROGRAMS AND STUDY ABROAD. IN ADDITION TO THE UNDERGRADUATE CURRICULUM, BLOOMFIELD ALSO OFFERS A CONTINUING EDUCATION PROGRAM WITH OUR OFFICE OF INTERNATIONAL TRAINING AND PROFESSIONAL STUDIES (ITPS). ITPS OFFERS ONLINE CERTIFICATE PROGRAMS FOR THE CAREER-ORIENTED STUDENT. THEY ALSO HAVE CUSTOMIZED CORPORATE COURSES. THE AMERICAN LANGUAGE CENTER HAS YEAR-ROUND ESL CLASSES FOR THOSE LOOKING TO IMPROVE THEIR ENGLISH SKILLS. IN ADDITION, THEY ARE LINKED GLOBALLY WITH MANY SCHOOLS AND UNIVERSITIES FOR TRAINING OF INTERNATIONAL STUDENTS IN ENGLISH, NURSING, EDUCATION, HOSPITALITY, AND OTHER FIELDS OF STUDY. | Desc |
| Total Program Service Expenses | $45,880,957 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1641 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 645 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | 0 | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHERYLINE MCGEE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9737489000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 467 FRANKLIN STREET | AddressLine1Txt |
| City | BLOOMFIELD | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07003 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| DR MARCHETA EVANS | ||||||||
| PRESIDENT | 38.00 | 0.00 | Yes (X) | Yes (X) | $551,275 | $0 | $36,887 | |
| VERNON M ENDO | ||||||||
| CHAIR | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOANNE T MARREN ESQ | ||||||||
| VICE-CHAIR | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DR MAUREEN C GRANT | ||||||||
| SECRETARY | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ADEBOLA A TAIWO | ||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| ALISA C NORRIS | ||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| CRAIG B LINDSAY | ||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DR GEORGE PRUITT | ||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DR JAMES LEE | ||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DR NICHOLAS CARLOZZI | ||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DR STEVEN M ROSE | ||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| GLENN M REITER ESQ | ||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| HANK UBEROI | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JACQUIE COLGAN | ||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| LARRY I SILLS | ||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| MELISSA BASTAN | ||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DR NEIL JASEY | ||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SANDRA L GONZALEZ ESQ | ||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SANFORD B PRATER | ||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| STEPHEN A GLASSER | ||||||||
| TRUSTEE (THRU 08/2022) | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| CYNTHIA MCDANIEL | ||||||||
| VP FINANCE & ADMINISTRATION | 38.00 | 0.00 | Yes (X) | $221,206 | $0 | $102,408 | ||
| DR MICHAEL PALLADINO - VP | ||||||||
| ACADEMIC AFFAIRS & DEAN OF FACULTY | 38.00 | 0.00 | Yes (X) | $248,381 | $0 | $79,906 | ||
| KEVIN CAVANAGH - VP | ||||||||
| ENROLLMENT MANAGEMENT (THRU 01/2023) | 38.00 | 0.00 | Yes (X) | $276,187 | $0 | $33,912 | ||
| SARAH LACZ | ||||||||
| VP ADVANCEMENT | 38.00 | 0.00 | Yes (X) | $168,010 | $0 | $57,028 | ||
| SHELIA WOOTEN - DEAN STUDENT | ||||||||
| LIFE, ATHLETICS, & STUDENT AFFAIRS | 38.00 | 0.00 | Yes (X) | $154,916 | $0 | $42,769 | ||
| ISMAT MIKKY | ||||||||
| PROFESSOR | 38.00 | 0.00 | $150,913 | $0 | $91,904 | Yes (X) | ||
| DUNJA TRUNK | ||||||||
| PROFESSOR | 38.00 | 0.00 | $130,785 | $0 | $17,359 | Yes (X) | ||
| CATHY MCCORMACK | ||||||||
| ASSISTANT PROFESSOR | 38.00 | 0.00 | $162,012 | $0 | $15,157 | Yes (X) | ||
| ANDREW GERSTMAYR | ||||||||
| DIRECTOR OF EIS | 38.00 | 0.00 | $132,391 | $0 | $56,676 | Yes (X) | ||
| LAURA HILL | ||||||||
| PROFESSOR & AVPAA | 38.00 | 0.00 | $140,162 | $0 | $43,510 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,336,238 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $577,516 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 34 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GOURMET DINING LLC | |||||
| 285 MADISON AVENUE | MADISON | NJ | 07940 | DINING SERVICES | $1,690,347 |
| ABM INDUSTRIES | |||||
| PO BOX 643823 | PTTSBURGH | PA | 15264 | CLEANING SERVICES | $649,201 |
| ALLIED UNIVERSAL | |||||
| PO BOX 828854 | PHILADELPHIA | PA | 19182 | SECURITY SERVICES | $536,225 |
| CULLEN & DYKMAN LLP | |||||
| 100 QUENTIN ROOSEVELT BLVD | GARDEN CITY | NY | 11530 | LEGAL SERVICES | $521,735 |
| ELLUCIAN COMPANY LP | |||||
| 62578 COLLECTIONS CENTER | CHICAGO | IL | 60693 | SOFTWARE SERVICES | $341,877 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $16,251,818 | GovernmentGrantsAmt |
| All Other Contributions | $1,234,052 | AllOtherContributionsAmt |
| Noncash Contributions | $122,886 | NoncashContributionsAmt |
| Total Contributions | $17,485,870 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611310 | $32,731,279 | $32,731,279 |
| AUXILIARY ENTERPRISES | 721310 | $5,133,951 | $5,133,951 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $37,865,230 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $822,542 | TotalRevenueColumnAmt |
| Exclusion | $822,542 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $15,350 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $15,350 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,350 | TotalRevenueColumnAmt |
| Exclusion | $15,350 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $622,575 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $609,359 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,216 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,216 | TotalRevenueColumnAmt |
| Exclusion | $13,216 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| INSURANCE CLAIM | 524298 | $175,000 | $175,000 |
| PARKING | 812930 | $26,775 | $26,775 |
| VENDING | 900099 | $25,808 | $25,808 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $136,171 | TotalRevenueColumnAmt |
| Exclusion | $136,171 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $363,754 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $56,565,962 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $37,865,230 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,214,862 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,228,404 | TotalAmt |
| Program Services | $15,228,404 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,130,271 | TotalAmt |
| Program Services | $772,743 | ProgramServicesAmt |
| Management And General | $942,950 | ManagementAndGeneralAmt |
| Fundraising | $414,578 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,042,072 | TotalAmt |
| Program Services | $12,693,347 | ProgramServicesAmt |
| Management And General | $3,114,773 | ManagementAndGeneralAmt |
| Fundraising | $233,952 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,089,925 | TotalAmt |
| Program Services | $837,725 | ProgramServicesAmt |
| Management And General | $233,260 | ManagementAndGeneralAmt |
| Fundraising | $18,940 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,401,801 | TotalAmt |
| Program Services | $1,490,360 | ProgramServicesAmt |
| Management And General | $819,520 | ManagementAndGeneralAmt |
| Fundraising | $91,921 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,380,742 | TotalAmt |
| Program Services | $1,024,939 | ProgramServicesAmt |
| Management And General | $310,077 | ManagementAndGeneralAmt |
| Fundraising | $45,726 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $810,461 | TotalAmt |
| Management And General | $810,461 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $292,642 | TotalAmt |
| Management And General | $292,642 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,477 | TotalAmt |
| Fundraising | $15,477 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,544 | TotalAmt |
| Management And General | $37,544 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,322,524 | TotalAmt |
| Program Services | $1,671,503 | ProgramServicesAmt |
| Management And General | $1,592,061 | ManagementAndGeneralAmt |
| Fundraising | $58,960 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,442 | TotalAmt |
| Program Services | $9,298 | ProgramServicesAmt |
| Management And General | $4,144 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $619,430 | TotalAmt |
| Program Services | $487,848 | ProgramServicesAmt |
| Management And General | $99,336 | ManagementAndGeneralAmt |
| Fundraising | $32,246 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,324,710 | TotalAmt |
| Program Services | $1,192,404 | ProgramServicesAmt |
| Management And General | $118,689 | ManagementAndGeneralAmt |
| Fundraising | $13,617 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,613,845 | TotalAmt |
| Program Services | $1,501,250 | ProgramServicesAmt |
| Management And General | $104,045 | ManagementAndGeneralAmt |
| Fundraising | $8,550 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $383,145 | TotalAmt |
| Program Services | $364,828 | ProgramServicesAmt |
| Management And General | $17,970 | ManagementAndGeneralAmt |
| Fundraising | $347 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $585,208 | TotalAmt |
| Program Services | $471,602 | ProgramServicesAmt |
| Management And General | $67,595 | ManagementAndGeneralAmt |
| Fundraising | $46,011 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,246,406 | TotalAmt |
| Program Services | $1,128,954 | ProgramServicesAmt |
| Management And General | $107,651 | ManagementAndGeneralAmt |
| Fundraising | $9,801 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,730,801 | TotalAmt |
| Program Services | $3,379,238 | ProgramServicesAmt |
| Management And General | $322,227 | ManagementAndGeneralAmt |
| Fundraising | $29,336 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $764,642 | TotalAmt |
| Program Services | $711,294 | ProgramServicesAmt |
| Management And General | $49,297 | ManagementAndGeneralAmt |
| Fundraising | $4,051 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| STUDENT FOOD SERVICES | $1,473,148 | $1,473,148 | ||
| BAD DEBT EXPENSE | $705,260 | $705,260 | ||
| EQUIPMENT | $538,056 | $120,932 | $417,124 | |
| ADMIN. EXPENSES | $534,717 | $498,348 | $23,395 | $12,974 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $239,318 | TotalAmt |
| Program Services | $117,532 | ProgramServicesAmt |
| Management And General | $114,233 | ManagementAndGeneralAmt |
| Fundraising | $7,553 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,523,991 | TotalAmt |
| Program Services | $45,880,957 | ProgramServicesAmt |
| Management And General | $9,598,994 | ManagementAndGeneralAmt |
| Fundraising | $1,044,040 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,521 | BOYAmt |
| EOY | $1,272,788 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,021,472 | BOYAmt |
| EOY | $13,478,578 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,064,487 | BOYAmt |
| EOY | $911,063 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $245,301 | BOYAmt |
| EOY | $172,499 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $503,267 | BOYAmt |
| EOY | $491,825 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $124,316,368 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $64,366,014 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,546,034 | BOYAmt |
| EOY | $59,950,354 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,363,493 | BOYAmt |
| EOY | $16,135,455 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,884,575 | BOYAmt |
| EOY | $92,412,562 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,099,534 | BOYAmt |
| EOY | $1,539,708 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $596,123 | BOYAmt |
| EOY | $303,785 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,511,684 | BOYAmt |
| EOY | $31,025,456 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $481,639 | BOYAmt |
| EOY | $1,187 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,688,980 | BOYAmt |
| EOY | $32,870,136 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,943,288 | BOYAmt |
| EOY | $44,167,647 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,252,307 | BOYAmt |
| EOY | $15,374,779 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,195,595 | BOYAmt |
| EOY | $59,542,426 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,884,575 | BOYAmt |
| EOY | $92,412,562 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $41,971 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $885,996 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $418,864 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,489,864 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,219,038 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,248,768 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,161,293 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,485,870 | CurrentTaxYearAmt |
| Total | $54,604,833 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,489,864 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,219,038 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,248,768 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,161,293 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,485,870 | CurrentTaxYearAmt |
| Total | $54,604,833 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $54,604,833 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $596,439 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $513,121 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $421,100 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $362,209 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $837,892 | CurrentTaxYearAmt |
| Total | $2,730,761 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,085,219 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $131,557 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $67,245 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $214,795 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $363,754 | CurrentTaxYearAmt |
| Total | $1,862,570 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $59,198,164 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $235,177,033 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.92240 | PublicSupportCY170Pct |
| Public Support PY170 | 0.91340 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | PARKING - 2018 AMOUNT: $ 53,125. 2019 AMOUNT: $ 37,103. 2020 AMOUNT: $ 11,525. 2021 AMOUNT: $ 28,375. 2022 AMOUNT: $ 26,775. REBATES - 2018 AMOUNT: $ 23,261. 2019 AMOUNT: $ 23,959. 2020 AMOUNT: $ 8,341. 2021 AMOUNT: $ 17,165. 2022 AMOUNT: $ 20,273. VENDING - 2018 AMOUNT: $ 50,478. 2019 AMOUNT: $ 29,996. 2020 AMOUNT: $ 7,862. 2021 AMOUNT: $ 24,479. 2022 AMOUNT: $ 25,808. SPIRITWEAR COMMISSIONS - 2020 AMOUNT: $ 6,119. 2021 AMOUNT: $ 4,737. 2022 AMOUNT: $ 5,800. MISCELLANEOUS INCOME - 2018 AMOUNT: $ 68,223. 2019 AMOUNT: $ 40,499. 2020 AMOUNT: $ 33,398. 2021 AMOUNT: $ 1,136. 2022 AMOUNT: $ 48,502. ARBITRATION SETTLEMENT - 2018 AMOUNT: $ 850,000. FUNDRAISING - 2018 AMOUNT: $ 40,132. 2021 AMOUNT: $ 29,043. UNCLAIMED PROPERTY REFUND - 2021 AMOUNT: $ 16,667. INSURANCE CLAIM - 2021 AMOUNT: $ 93,193. 2022 AMOUNT: $ 175,000. FORFEITED DEPOSITS - 2022 AMOUNT: $ 47,420. STUDENT FINES - 2022 AMOUNT: $ 14,176. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,833,362 | BeginningYearBalanceAmt |
| Contributions | $123,958 | ContributionsAmt |
| Investment Earnings Or Losses | $1,206,646 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $428,367 | GrantsOrScholarshipsAmt |
| Other Expenditures | $209,285 | OtherExpendituresAmt |
| Administrative Expenses | $37,544 | AdministrativeExpensesAmt |
| End Year Balance | $15,488,770 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $17,019,652 | BeginningYearBalanceAmt |
| Contributions | $414,080 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,036,574 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $351,393 | GrantsOrScholarshipsAmt |
| Other Expenditures | $178,336 | OtherExpendituresAmt |
| Administrative Expenses | $34,067 | AdministrativeExpensesAmt |
| End Year Balance | $14,833,362 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,209,684 | BeginningYearBalanceAmt |
| Contributions | $555,054 | ContributionsAmt |
| Investment Earnings Or Losses | $3,372,312 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $720,240 | GrantsOrScholarshipsAmt |
| Other Expenditures | $368,239 | OtherExpendituresAmt |
| Administrative Expenses | $28,919 | AdministrativeExpensesAmt |
| End Year Balance | $17,019,652 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,255,359 | BeginningYearBalanceAmt |
| Contributions | $195,450 | ContributionsAmt |
| Investment Earnings Or Losses | $889,779 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $727,608 | GrantsOrScholarshipsAmt |
| Other Expenditures | $376,165 | OtherExpendituresAmt |
| Administrative Expenses | $27,131 | AdministrativeExpensesAmt |
| End Year Balance | $14,209,684 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,133,519 | BeginningYearBalanceAmt |
| Contributions | $263,753 | ContributionsAmt |
| Investment Earnings Or Losses | $982,083 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,404,132 | GrantsOrScholarshipsAmt |
| Other Expenditures | $698,966 | OtherExpendituresAmt |
| Administrative Expenses | $20,898 | AdministrativeExpensesAmt |
| End Year Balance | $14,255,359 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.15610 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.66520 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.17870 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,327,045 | OtherCostOrOtherBasisAmt |
| Book Value | $3,327,045 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $101,321,545 | OtherCostOrOtherBasisAmt |
| Depreciation | $46,265,866 | DepreciationAmt |
| Book Value | $55,055,679 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,800,152 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,759,298 | DepreciationAmt |
| Book Value | $40,854 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,557,311 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,340,850 | DepreciationAmt |
| Book Value | $1,216,461 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $310,315 | OtherCostOrOtherBasisAmt |
| Book Value | $310,315 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $59,950,354 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED RETIREMENT BENEFIT OBLIGATION | Desc |
| Amt | $1,187 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,187 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $42,647,436 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $885,996 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$14,766,978 | OtherRevenueAmt |
| Revenue Not Reported | -$13,880,982 | RevenueNotReportedAmt |
| Revenue Subtotal | $56,528,418 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $37,544 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $37,544 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $56,565,962 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $41,300,605 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $25,570 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $25,570 | ExpensesNotReportedAmt |
| Expenses Subtotal | $41,275,035 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $37,544 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $15,211,412 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $15,248,956 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $56,523,991 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE ENDOWMENT CONSISTS OF APPROXIMATELY 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES (SCHOLARSHIPS AND PROGRAM SUPPORT). IT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT FUNDS WHILE ALSO MAINTAINING THE PURCHASING POWER OF THOSE ENDOWMENT ASSETS OVER THE LONG-TERM. THE COLLEGE HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OF THE AVERAGE OF THE PRIOR TWELVE QUARTERS PRECEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. THE PAYOUT FOR FY23 WAS 4%. |
| PART X, LINE 2: | THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAWS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2023 AND 2022. THE COLLEGE RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS OPERATING EXPENSES AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST OR PENALTIES PAID FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SCHOLARSHIPS -15,211,412. CHANGE IN NET PERIODIC BENEFIT OBLIGATION 444,434. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | WRITE-OFF OF UNCOLLECTIBLE PLEDGES 25,570. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 15,211,412. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE COLLEGE'S NONDISCRIMINATORY POLICY IS POSTED ON OUR WEBSITE. IN ADDITION, DURING THE REGISTRATION PERIOD, THE NONDISCRIMINATORY POLICY IS PUBLISHED THROUGH THE COURSE OFFERING CATALOG WHICH IS GIVEN TO EVERY STUDENT. WHEN RECRUITING STUDENTS THROUGH THE MAIL, ALL SOLICITATION MATERIALS ALWAYS CONTAIN THE NONDISCRIMINATORY POLICY. |
| SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVES SIGNIFICANT FINANCIAL ASSISTANCE FROM GOVERNMENTAL AGENCIES IN THE FORM OF GRANTS. THE DISBURSEMENT OF FUNDS RECEIVED UNDER SUCH PROGRAMS GENERALLY REQUIRES COMPLIANCE WITH TERMS AND CONDITIONS SPECIFIED IN GRANT AGREEMENTS SUBJECT TO AUDIT BY GRANTOR AGENCIES. THE GRANT AGREEMENTS PROVIDE FOR POSSIBLE AUDITING OF EXPENDITURES BY GRANTOR AGENCIES AND POSSIBLE DISALLOWANCE OF CERTAIN EXPENDITURES. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLEDGEMINE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4630 WARREN PARKWAY | AddressLine1Txt |
| City | WARRENVILLE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60555 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | FUNDRASING | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $36,258 | GrossReceiptsAmt |
| Retained By Contractor | $15,477 | RetainedByContractorAmt |
| Net To Organization | $20,780 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $36,258 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $15,477 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $20,780 | TotalNetToOrganizationAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | INSTITUTIONAL SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 1141 | RecipientCnt |
| Cash Grant | $15,228,404 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE'S FINANCIAL AID OFFICE MONITORS ALL RECIPIENTS OF SCHOLARSHIP AWARDS TO DETERMINE BOTH INITIAL AND CONTINUING ELIGIBILITY BASED UPON THE CRITERIA FOR THE TYPE OF AWARD. VARIOUS CRITERIA MAY INCLUDE, BUT IS NOT LIMITED TO, ACADEMIC PERFORMANCE, FINANCIAL NEED, OR OTHER CRITERIA ESTABLISHED BY DONORS OF SCHOLARSHIP FUNDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR MARCHETA EVANS | ||||||||||||||
| PRESIDENT | $359,001 | $0 | $99,310 | $0 | $92,964 | $0 | $30,500 | $0 | $6,387 | $0 | $588,162 | $0 | $0 | $0 |
| DR MICHAEL PALLADINO - VP | ||||||||||||||
| ACADEMIC AFFAIRS & DEAN OF FACULTY | $206,375 | $0 | $41,856 | $0 | $150 | $0 | $30,500 | $0 | $49,406 | $0 | $328,287 | $0 | $0 | $0 |
| CYNTHIA MCDANIEL | ||||||||||||||
| VP FINANCE & ADMINISTRATION | $185,206 | $0 | $36,000 | $0 | $0 | $0 | $27,724 | $0 | $74,684 | $0 | $323,614 | $0 | $0 | $0 |
| KEVIN CAVANAGH - VP | ||||||||||||||
| ENROLLMENT MANAGEMENT (THRU 01/2023) | $236,616 | $0 | $39,571 | $0 | $0 | $0 | $30,475 | $0 | $3,437 | $0 | $310,099 | $0 | $0 | $0 |
| ISMAT MIKKY | ||||||||||||||
| PROFESSOR | $150,913 | $0 | $0 | $0 | $0 | $0 | $15,080 | $0 | $76,824 | $0 | $242,817 | $0 | $0 | $0 |
| SARAH LACZ | ||||||||||||||
| VP ADVANCEMENT | $122,466 | $0 | $36,749 | $0 | $8,795 | $0 | $20,862 | $0 | $36,166 | $0 | $225,038 | $0 | $0 | $0 |
| SHELIA WOOTEN - DEAN STUDENT | ||||||||||||||
| LIFE, ATHLETICS, & STUDENT AFFAIRS | $154,864 | $0 | $0 | $0 | $52 | $0 | $21,256 | $0 | $21,513 | $0 | $197,685 | $0 | $0 | $0 |
| ANDREW GERSTMAYR | ||||||||||||||
| DIRECTOR OF EIS | $132,391 | $0 | $0 | $0 | $0 | $0 | $10,739 | $0 | $45,937 | $0 | $189,067 | $0 | $0 | $0 |
| LAURA HILL | ||||||||||||||
| PROFESSOR & AVPAA | $140,162 | $0 | $0 | $0 | $0 | $0 | $13,496 | $0 | $30,014 | $0 | $183,672 | $0 | $0 | $0 |
| CATHY MCCORMACK | ||||||||||||||
| ASSISTANT PROFESSOR | $162,012 | $0 | $0 | $0 | $0 | $0 | $13,240 | $0 | $1,917 | $0 | $177,169 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | EFFECTIVE 08/01/2019, THE COLLEGE NO LONGER REQUIRES THE PRESIDENT TO MAINTAIN RESIDENCE ON CAMPUS. THE PRESIDENT'S COMPENSATION PACKAGE INCLUDES A TAXABLE HOUSING ALLOWANCE. | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | OFFICERS | RelationshipWithOrgTxt |
| Cash Grant | $83,543 | CashGrantAmt |
| Type Of Assistance | SCHOLARSHIP | TypeOfAssistanceTxt |
| Assistance Purpose | MERIT SCHOLAR | AssistancePurposeTxt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCH L, PART III, GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE GRANTED A SCHOLARSHIP TO TWO STUDENTS WHO ARE CHILDREN OF CURRENT OFFICERS. THE COLLEGE ENSURED THE GRANT WAS AWARDED BASED ON MERIT TO THE ELIGIBLE STUDENTS, WHO MET THE REQUIRED ACADEMIC STANDING. THE OFFICERS DID NOT HAVE ANY INFLUENCE IN THE DECISION MAKING PROCESS FOR AWARDING SCHOLARSHIPS. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $122,886 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVG. HIGH/LOW METHOD | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE QUANTITIES LISTED IN PART I, COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| EXPLANATION REGARDING THE MERGER WITH MONTCLAIR STATE UNIVERSITY: | BLOOMFIELD COLLEGE AND MONTCLAIR STATE UNIVERSITY MERGED ON JUNE 30, 2023 AT 11.59 P.M., WHICH RESULTED IN BLOOMFIELD COLLEGE'S MERGER WITH AND INTO A NEWLY CREATED NOT-FOR-PROFIT CORPORATION CREATED UNDER NEW JERSEY LAW CALLED BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY IN WHICH MONTCLAIR STATE UNIVERSITY IS THE SOLE MEMBER. THE MERGER WAS ENABLED BY LEGISLATION CODIFIED AT L. 2023, C. 65 AND SIGNED ON JUNE 30, 2023. BLOOMFIELD COLLEGE SERVED A DIVERSE POPULATION AND PREPARED STUDENTS FOR SUCCESS IN A MULTICULTURAL AND GLOBAL SOCIETY. WHILE BLOOMFIELD COLLEGE IS NO LONGER IN EXISTENCE FOLLOWING THE MERGER, BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY WILL CONTINUE TO OPERATE AND SERVE THESE SAME COMMUNITIES. AS THE TRANSACTION HAS ALREADY TAKEN PLACE, THE ORGANIZATION'S FORM 990 REFLECTS THE NEW NAME AS REFLECTED IN INTERNAL REVENUE SERVICE RECORDS. |
| FORM 990, PART VI, SECTION B, LINE 11B | AS A RESULT OF THE MERGER OF BLOOMFIELD COLLEGE INTO THE NEWLY CREATED BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY INC. ON JUNE 30, 2023, THE 990 REVIEW PROCESS WAS CONDUCTED BY THE BOARD OF TRUSTEES OF THE NEW ENTITY. THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION REVIEWED A COMPLETE COPY OF THE FORM 990 WITH THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. THE NEW TRUSTEES ARE: PRESTON PINKETT, KENT SLUYTER, AND MARY COMITO. MANAGEMENT AND THE ORGANIZATION'S TAX CONSULTANTS ALSO PRESENTED A COMPLETE COPY OF THE FORM 990 TO THE AUDIT COMMITTEE OF MSU FOR ITS REVIEW BEFORE FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CURRENT CONFLICT OF INTEREST POLICY IS HOUSED WITHIN CHAPTER II ARTICLE G OF THE BYLAWS AND ONLY COVERS TRUSTEES. OFFICERS AND KEY EMPLOYEES ARE NOT COVERED BY THE CURRENT POLICY AND ARE NOT REQUIRED TO DISCLOSE CONFLICTS. THE COLLEGE IS CURRENTLY DRAFTING A NEW CONFLICT OF INTEREST POLICY THAT WILL ADD OFFICERS AND KEY EMPLOYEES TO THE PERSONS REQUIRED TO DISCLOSE CONFLICTS OF INTEREST. UNDER CHAPTER II, ARTICLE G OF THE COLLEGE BYLAWS THE BOARD OF TRUSTEES ARE COVERED BY THE CONFLICT OF INTEREST POLICY. IN GENERAL, A CONFLICT CAN OCCUR IN TWO CASES. FIRST, IF THERE IS AN EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST THAT IMPAIRS OR APPEARS TO IMPAIR THE TRUSTEES INDEPENDENT UNBIASED JUDGMENT. SECOND, IF A FAMILY MEMBER OR ORGANIZATION IN WHICH THE TRUSTEE HAS A CONTROLLING INTEREST HAS AN RELATIONSHIP WITH THE COLLEGE THAT WOULD IMPAIR THE UNBIASED AND INDEPENDENT JUDGMENT OF THE TRUSTEE. CONFLICTS WOULD BE REVIEWED BY THE BOARD OF TRUSTEES. THERE IS A REQUIRED RECUSAL FROM VOTING IN WHICH A CONFLICT OCCURS. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE PRESIDENT IS REVIEWED BY THE COMPENSATION COMMITTEE AND ALSO REVIEWED BY THE BOARD IN CLOSED SESSION. THE COLLEGE PREPARES A STUDY OF COMPARABLE POSITIONS BASED ON DATA OBTAINED BY THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION. DOCUMENTATION OF DELIBERATIONS AND DECISIONS ARE DOCUMENTED BY MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2023. COMPENSATION FOR THE OFFICERS IS REVIEWED BY THE PRESIDENT, BOARD OF TRUSTEES CHAIRMAN AND THE EXECUTIVE COMMITTEE. THE COLLEGE PREPARES A STUDY OF COMPARABLE POSITIONS BASED ON DATA OBTAINED BY THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION. DOCUMENTATION OF DELIBERATIONS AND DECISIONS ARE DOCUMENTED BY MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN NET PERIODIC BENEFIT OBLIGATION 444,434. WRITE-OFF OF UNCOLLECTIBLE PLEDGES -25,570. |