BLOOMFIELD COLLEGE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BLOOMFIELD COLLEGE (EIN 22-1494428)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-15
- IRS object ID
- 202521359349310677
- Schema version
- 2023v6.0
- 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 I
- Schedule J
- Schedule N
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T13:49:34-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 53 STATE STREET SUITE 1600 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | 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 | ADAM W RATHBUN | PersonNm |
| Person Title | VP FOR FINANCE & TREASURY | PersonTitleTxt |
| Phone | 9737489000 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIN COUTURE | PreparerPersonNm |
| PTIN | P01390592 | PTIN |
| Phone | 6177237900 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Principal Officer | JONATHAN KOPPELL | 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 | $25,757,767 | 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 |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 4 | VotingMembersIndependentCnt |
| Total Employee | 452 | TotalEmployeeCnt |
| Total Volunteers | 4 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $17,485,870 | PYContributionsGrantsAmt |
| CY Contributions Grants | $15,315,885 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $37,865,230 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $8,046,237 | CYProgramServiceRevenueAmt |
| PY Investment Income | $835,758 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,238,361 | CYInvestmentIncomeAmt |
| PY Other Revenue | $379,104 | PYOtherRevenueAmt |
| CY Other Revenue | $119,128 | CYOtherRevenueAmt |
| PY Total Revenue | $56,565,962 | PYTotalRevenueAmt |
| CY Total Revenue | $24,719,611 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $15,228,404 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,581,604 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $23,044,811 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $17,386,557 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $15,477 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $188,173 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $18,235,299 | PYOtherExpensesAmt |
| CY Other Expenses | $14,764,899 | CYOtherExpensesAmt |
| PY Total Expenses | $56,523,991 | PYTotalExpensesAmt |
| CY Total Expenses | $34,733,060 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $41,971 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$10,013,449 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $92,412,562 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $32,870,136 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $59,542,426 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $0 | 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 | Yes (1) | SignificantChangeInd |
| Expense | $27,146,911 | ExpenseAmt |
| Grant | $2,581,604 | GrantAmt |
| Revenue | $8,046,237 | RevenueAmt |
| Desc | ON JUNE 30, 2023, MONTCLAIR STATE UNIVERSITY AND BLOOMFIELD COLLEGE COMPLETED A CHANGE IN OWNERSHIP AND BLOOMFIELD COLLEGE WAS ACQUIRED BY MONTCLAIR STATE UNIVERSITY, BECOMING THE 13TH CONSTITUENT COLLEGE OF MONTCLAIR STATE UNIVERSITY, AND NAMED BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY. ON JUNE 30, 2023, PENDING FINAL APPROVAL OF THE MERGER BY THE UNITED STATES DEPARTMENT OF EDUCATION, BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY WAS PLACED IN A SUB-ENTITY NAMED BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY, INC. ON JUNE 28, 2024, THE DEPARTMENT OF EDUCATION APPROVED THE MERGER AND BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY WAS ESTABLISHED AS AN ADDITIONAL LOCATION OF MONTCLAIR STATE UNIVERSITY. EFFECTIVE JUNE 30, 2024, BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY, INC. WAS DISSOLVED. THE FALL 2023 STUDENT BODY WAS APPROXIMATELY 911 (GRADUATE & UNDERGRADUATE) STUDENTS. THE UNDERGRADUATE STUDENT BODY IS 59.5% FEMALE, 48.3% AFRICAN AMERICAN, 31.2% HISPANIC, AND 7.8% WHITE. MANY BLOOMFIELD COLLEGE STUDENTS ARE FIRST GENERATION COLLEGE STUDENTS, OR PROFESSIONALS SEEKING TO KEEP PACE WITH A CHANGING MARKETPLACE. AS OF THE FALL 2023, 600/66.2% STUDENTS RESIDED ON CAMPUS. IN THE FALL OF 2023, BLOOMFIELD COLLEGE ENROLLED 231 NEW FRESHMAN AND TRANSFER STUDENTS. 180 OF THESE NEW STUDENTS WERE FULL-TIME TRADITIONAL UNDERGRADUATE FRESHMEN. 93.8% OF FRESHMAN AND 94.1% OF CONTINUING STUDENTS RECEIVED SOME FORM OF AID. AID IS DISTRIBUTED AS: 94.0% SCHOLARSHIPS AND GRANTS, 5% STUDENT LOANS, 0.4% PARENTAL LOANS AND 0.1% JOBS. A TOTAL OF 272 ENROLLED FRESHMAN WERE JUDGED TO HAVE NEED, AND 255 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. | Desc |
| Total Program Service Expenses | $27,146,911 | 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 | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | 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 | 0 | 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 | 0 | 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 | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | Yes (1) | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | 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 | 75 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 452 | 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 | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 4 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | 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 | 0 | 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 | BENJAMIN C DURANT III | 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 (16 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 | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| JONATHAN KOPPELL | |||||||||
| PRESIDENT (AS OF 07/2023) | 10.00 | 28.00 | Yes (X) | Yes (X) | $0 | $610,162 | $62,692 | ||
| MARY COMITO | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PRESTON PINKETT | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DR GEORGE A PRUITT | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KENT SLUYTER | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BENJAMIN C DURANT III - COO | |||||||||
| SR. VP FIN. & ADMIN. (AS OF 07/2023) | 10.00 | 28.00 | Yes (X) | $0 | $168,369 | $13,292 | |||
| PAUL RUSSO | |||||||||
| PROFESSOR | 38.00 | 0.00 | $174,490 | $0 | $12,958 | Yes (X) | |||
| LEILA KOEPP | |||||||||
| PROFESSOR | 38.00 | 0.00 | $174,440 | $0 | $5,834 | Yes (X) | |||
| ELLEN POWLEY | |||||||||
| PROFESSOR | 38.00 | 0.00 | $171,626 | $0 | $12,679 | Yes (X) | |||
| MARIA VOGT | |||||||||
| PROFESSOR | 38.00 | 0.00 | $167,023 | $0 | $20,364 | Yes (X) | |||
| DEMETRIS NICOLAIDES | |||||||||
| PROFESSOR | 38.00 | 0.00 | $155,551 | $0 | $25,067 | Yes (X) | |||
| DR MARCHETA EVANS | |||||||||
| FORMER PRESIDENT | 0.00 | 38.00 | $413,471 | $185,212 | $29,081 | Yes (X) | |||
| DR MICHAEL PALLADINO | |||||||||
| FORMER VP ACAD. AFFS. & DEAN OF FAC. | 0.00 | 38.00 | $198,905 | $91,173 | $57,990 | Yes (X) | |||
| CYNTHIA MCDANIEL | |||||||||
| FORMER VP FINANCE & ADMIN. | 0.00 | 38.00 | $184,241 | $83,037 | $15,645 | Yes (X) | |||
| SHELIA WOOTEN - FORMER DEAN | |||||||||
| STUDENT LIFE, ATHL., & STDNT AFFS. | 0.00 | 38.00 | $134,874 | $71,208 | $13,233 | Yes (X) | |||
| SARAH LACZ | |||||||||
| FORMER VP ADVANCEMENT | 0.00 | 0.00 | $176,869 | $0 | $21,882 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,951,490 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,209,161 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $290,717 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | 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 | $922,648 |
| ALLIED UNIVERSAL | |||||
| PO BOX 828854 | PHILADELPHIA | PA | 19182 | SECURITY SERVICES | $378,050 |
| CULLEN & DYKMAN LLP | |||||
| 100 QUENTIN ROOSEVELT BLVD | GARDEN CITY | NY | 11530 | LEGAL SERVICES | $306,447 |
| SHI INTERNATIONAL CORP | |||||
| 290 DAVIDSON AVE | SOMERSET | NJ | 08873 | IT SERVICES | $237,190 |
| CROWE LLP | |||||
| 320 E JEFFERSON BLVD PO BOX 7 | SOUTH BEND | IN | 466240007 | AUDIT & TAX SERVICES | $198,545 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $14,792,724 | GovernmentGrantsAmt |
| All Other Contributions | $523,161 | AllOtherContributionsAmt |
| Noncash Contributions | $12,533 | NoncashContributionsAmt |
| Total Contributions | $15,315,885 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611310 | $4,033,133 | $4,033,133 |
| AUXILIARY ENTERPRISES | 721310 | $4,013,104 | $4,013,104 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $8,046,237 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $992,495 | TotalRevenueColumnAmt |
| Exclusion | $992,495 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $800 | 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 | $800 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $800 | TotalRevenueColumnAmt |
| Exclusion | $800 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,284,022 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,038,156 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $245,866 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $245,866 | TotalRevenueColumnAmt |
| Exclusion | $245,866 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| OTHER REVENUE | 900099 | $78,245 | $78,245 |
| VENDING | 900099 | $27,058 | $27,058 |
| PARKING | 812930 | $13,025 | $13,025 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $118,328 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,719,611 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,046,237 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,357,489 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,581,604 | TotalAmt |
| Program Services | $2,581,604 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,631,934 | TotalAmt |
| Program Services | $9,980,806 | ProgramServicesAmt |
| Management And General | $3,565,154 | ManagementAndGeneralAmt |
| Fundraising | $85,974 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,096,525 | TotalAmt |
| Program Services | $802,836 | ProgramServicesAmt |
| Management And General | $286,773 | ManagementAndGeneralAmt |
| Fundraising | $6,916 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,576,483 | TotalAmt |
| Program Services | $1,154,244 | ProgramServicesAmt |
| Management And General | $412,296 | ManagementAndGeneralAmt |
| Fundraising | $9,943 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,081,615 | TotalAmt |
| Program Services | $791,919 | ProgramServicesAmt |
| Management And General | $282,874 | ManagementAndGeneralAmt |
| Fundraising | $6,822 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,525 | TotalAmt |
| Management And General | $23,525 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $258,022 | TotalAmt |
| Management And General | $258,022 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,373 | TotalAmt |
| Management And General | $40,373 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,692,037 | TotalAmt |
| Program Services | $1,104,666 | ProgramServicesAmt |
| Management And General | $542,011 | ManagementAndGeneralAmt |
| Fundraising | $45,360 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,781 | TotalAmt |
| Program Services | $35,642 | ProgramServicesAmt |
| Management And General | $97,139 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $694,905 | TotalAmt |
| Program Services | $624,324 | ProgramServicesAmt |
| Management And General | $64,380 | ManagementAndGeneralAmt |
| Fundraising | $6,201 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $759,736 | TotalAmt |
| Program Services | $697,333 | ProgramServicesAmt |
| Management And General | $56,215 | ManagementAndGeneralAmt |
| Fundraising | $6,188 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,308,996 | TotalAmt |
| Program Services | $1,164,195 | ProgramServicesAmt |
| Management And General | $144,801 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $265,532 | TotalAmt |
| Program Services | $251,229 | ProgramServicesAmt |
| Management And General | $14,303 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,481 | TotalAmt |
| Program Services | $184,624 | ProgramServicesAmt |
| Management And General | $49,359 | ManagementAndGeneralAmt |
| Fundraising | $20,498 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,739,407 | TotalAmt |
| Program Services | $1,596,288 | ProgramServicesAmt |
| Management And General | $143,119 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,881,076 | TotalAmt |
| Program Services | $3,561,740 | ProgramServicesAmt |
| Management And General | $319,336 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $646,164 | TotalAmt |
| Program Services | $92,442 | ProgramServicesAmt |
| Management And General | $553,722 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| STUDENT FOOD SERVICES | $1,711,527 | $1,711,527 | ||
| REPAIRS & MAINTENANCE | $649,766 | $234,370 | $415,125 | $271 |
| ADMIN. EXPENSES | $415,734 | $381,527 | $34,207 | |
| EQUIPMENT | $129,404 | $61,143 | $68,261 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,433 | TotalAmt |
| Program Services | $134,452 | ProgramServicesAmt |
| Management And General | $26,981 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,733,060 | TotalAmt |
| Program Services | $27,146,911 | ProgramServicesAmt |
| Management And General | $7,397,976 | ManagementAndGeneralAmt |
| Fundraising | $188,173 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,272,788 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,478,578 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $911,063 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $172,499 | BOYAmt |
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $491,825 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,950,354 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,135,455 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,412,562 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,539,708 | BOYAmt |
| EOY | $0 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $303,785 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,025,456 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,187 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,870,136 | BOYAmt |
| EOY | $0 | 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 | $44,167,647 | BOYAmt |
| EOY | $0 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,374,779 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,542,426 | BOYAmt |
| EOY | $0 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,412,562 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$10,013,449 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,078,529 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$5,531 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$50,601,975 | 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 | $4,219,038 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $19,248,768 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,161,293 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $17,485,870 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,315,885 | CurrentTaxYearAmt |
| Total | $66,430,854 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,219,038 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $19,248,768 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,161,293 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $17,485,870 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,315,885 | CurrentTaxYearAmt |
| Total | $66,430,854 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $66,430,854 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $513,121 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $421,100 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $362,209 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $837,892 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $993,295 | CurrentTaxYearAmt |
| Total | $3,127,617 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $131,557 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $67,245 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $214,795 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $363,754 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $118,328 | CurrentTaxYearAmt |
| Total | $895,679 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $70,454,150 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $187,502,018 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.94290 | PublicSupportCY170Pct |
| Public Support PY170 | 0.92240 | 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 - 2019 AMOUNT: $ 37,103. 2020 AMOUNT: $ 11,525. 2021 AMOUNT: $ 28,375. 2022 AMOUNT: $ 26,775. 2023 AMOUNT: $ 13,025. REBATES - 2019 AMOUNT: $ 23,959. 2020 AMOUNT: $ 8,341. 2021 AMOUNT: $ 17,165. 2022 AMOUNT: $ 20,273. VENDING - 2019 AMOUNT: $ 29,996. 2020 AMOUNT: $ 7,862. 2021 AMOUNT: $ 24,479. 2022 AMOUNT: $ 25,808. 2023 AMOUNT: $ 27,058. SPIRITWEAR COMMISSIONS - 2020 AMOUNT: $ 6,119. 2021 AMOUNT: $ 4,737. 2022 AMOUNT: $ 5,800. MISCELLANEOUS INCOME - 2019 AMOUNT: $ 40,499. 2020 AMOUNT: $ 33,398. 2021 AMOUNT: $ 1,136. 2022 AMOUNT: $ 48,502. 2023 AMOUNT: $ 78,245. ARBITRATION SETTLEMENT - FUNDRAISING - 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 | $15,488,770 | BeginningYearBalanceAmt |
| Contributions | $246,891 | ContributionsAmt |
| Investment Earnings Or Losses | $1,783,461 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $17,519,122 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| 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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.15470 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.60190 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.24340 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $23,954,282 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,078,529 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$1,803,485 | OtherRevenueAmt |
| Revenue Not Reported | -$724,956 | RevenueNotReportedAmt |
| Revenue Subtotal | $24,679,238 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $40,373 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $40,373 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $24,719,611 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $32,889,202 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $32,889,202 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $40,373 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $1,803,485 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,843,858 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $34,733,060 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE ENDOWMENT CONSISTS OF 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. AS A RESULT OF THE COLLEGE'S MERGER TRANSACTION, THE ENDOWMENT FUND WAS DISTRIBUTED TO MONTCLAIR STATE UNIVERSITY UPON FINAL DISSOLUTION EFFECTIVE JUNE 30, 2024. |
| PART X, LINE 2: | THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND, THEREFORE, HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES. BLOOMFIELD IS SUBJECT TO THE ACCOUNTING STANDARD FOR UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT NO LIABILITIES ARE REQUIRED TO BE RECORDED FOR UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SCHOLARSHIPS -1,803,485. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 1,803,485. |
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. |
| 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 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 | 367 | RecipientCnt |
| Cash Grant | $2,581,604 | 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) |
|---|---|---|
| Payments For Use Of Residence | Yes (X) | PaymentsForUseOfResidenceInd |
| 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 | Yes (1) | 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 | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JONATHAN KOPPELL | ||||||||||||||
| PRESIDENT (AS OF 07/2023) | $0 | $477,505 | $0 | $98,000 | $0 | $34,657 | $0 | $26,400 | $0 | $36,292 | $0 | $672,854 | $0 | $0 |
| DR MARCHETA EVANS | ||||||||||||||
| FORMER PRESIDENT | $202,280 | $185,212 | $133,824 | $0 | $77,367 | $0 | $16,728 | $12,353 | $0 | $0 | $430,199 | $197,565 | $0 | $0 |
| DR MICHAEL PALLADINO | ||||||||||||||
| FORMER VP ACAD. AFFS. & DEAN OF FAC. | $99,720 | $91,173 | $87,101 | $0 | $12,084 | $0 | $10,888 | $7,437 | $28,934 | $10,731 | $238,727 | $109,341 | $0 | $0 |
| CYNTHIA MCDANIEL | ||||||||||||||
| FORMER VP FINANCE & ADMIN. | $93,636 | $83,037 | $74,909 | $0 | $15,696 | $0 | $9,364 | $6,281 | $0 | $0 | $193,605 | $89,318 | $0 | $0 |
| SHELIA WOOTEN - FORMER DEAN | ||||||||||||||
| STUDENT LIFE, ATHL., & STDNT AFFS. | $119,235 | $71,208 | $0 | $0 | $15,639 | $0 | $7,282 | $5,606 | $184 | $161 | $142,340 | $76,975 | $0 | $0 |
| SARAH LACZ | ||||||||||||||
| FORMER VP ADVANCEMENT | $91,675 | $0 | $76,483 | $0 | $8,711 | $0 | $9,560 | $0 | $12,322 | $0 | $198,751 | $0 | $0 | $0 |
| PAUL RUSSO | ||||||||||||||
| PROFESSOR | $55,931 | $0 | $0 | $0 | $118,559 | $0 | $5,895 | $0 | $7,063 | $0 | $187,448 | $0 | $0 | $0 |
| MARIA VOGT | ||||||||||||||
| PROFESSOR | $56,179 | $0 | $0 | $0 | $110,844 | $0 | $5,513 | $0 | $14,851 | $0 | $187,387 | $0 | $0 | $0 |
| ELLEN POWLEY | ||||||||||||||
| PROFESSOR | $59,301 | $0 | $0 | $0 | $112,325 | $0 | $5,616 | $0 | $7,063 | $0 | $184,305 | $0 | $0 | $0 |
| BENJAMIN C DURANT III - COO | ||||||||||||||
| SR. VP FIN. & ADMIN. (AS OF 07/2023) | $0 | $165,821 | $0 | $0 | $0 | $2,548 | $0 | $13,292 | $0 | $0 | $0 | $181,661 | $0 | $0 |
| DEMETRIS NICOLAIDES | ||||||||||||||
| PROFESSOR | $50,976 | $0 | $0 | $0 | $104,575 | $0 | $5,229 | $0 | $19,838 | $0 | $180,618 | $0 | $0 | $0 |
| LEILA KOEPP | ||||||||||||||
| PROFESSOR | $60,190 | $0 | $0 | $0 | $114,250 | $0 | $5,682 | $0 | $152 | $0 | $180,274 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | EFFECTIVE 08/01/2019, THE COLLEGE NO LONGER REQUIRES THE PRESIDENT TO MAINTAIN RESIDENCE ON CAMPUS. THE FORMER PRESIDENT'S COMPENSATION PACKAGE INCLUDES A TAXABLE HOUSING ALLOWANCE THROUGH JUNE 30, 2023. |
| PART I, LINE 4A | THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS UPON THEIR DEPARTURE FROM THE COLLEGE IN CALENDAR YEAR 2023. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN B(III). PAUL RUSSO $117,903 LEILA KOEPP $113,637 ELLEN POWLEY $112,325 MARIA VOGT $110,263 DEMETRIS NICOLAIDES $104,575 |
| PART I, LINE 7 | CERTAIN LISTED INDIVIDUALS RECEIVED DISCRETIONARY BONUSES. |
Schedule N IRS990ScheduleN
Liquidation Of Assets Table LiquidationOfAssetsTableGrp
Liquidation Of Assets Detail LiquidationOfAssetsDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Distri Or Expnss Paid | NET ASSETS DISTRIBUTED TO MONTCLAIR STATE UNIVERSITY UPON DISSOLUTION | AssetsDistriOrExpnssPaidDesc |
| Distribution | 2024-06-30 | DistributionDt |
| Fair Market Value Of Asset | $50,601,975 | FairMarketValueOfAssetAmt |
| Method Of FMV Determination | BOOK VALUE | MethodOfFMVDeterminationTxt |
| EIN | 222912682 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MONTCLAIR STATE UNIVERSITY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 NORMAL AVENUE | AddressLine1Txt |
| City | MONTCLAIR | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 070431624 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | GOV | IRCSectionTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor | Yes (1) | DirectorOfSuccessorInd |
| Employee Of Successor | Yes (1) | EmployeeOfSuccessorInd |
| Owner Of Successor | 0 | OwnerOfSuccessorInd |
| Receive Compensation | 0 | ReceiveCompensationInd |
| Assets Distributed | Yes (1) | AssetsDistributedInd |
| Required To Notify AG | Yes (1) | RequiredToNotifyAGInd |
| Attorney General Notified | Yes (1) | AttorneyGeneralNotifiedInd |
| Liabilities Paid | Yes (1) | LiabilitiesPaidInd |
| Bonds Outstanding | 0 | BondsOutstandingInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2E: | FormAndLineReferenceDesc |
| Explanation | PERSON(S) INVOLVED: ALL OF THE TRUSTEES LISTED ON PART VII, SECTION A, OF THIS FORM 990 WERE OFFICERS OR TRUSTEES OF MONTCLAIR STATE UNIVERSITY PRIOR TO THE DISSOLUTION OF BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY INC. AND WILL RETAIN THOSE POSITIONS SUBSEQUENT TO DISSOLUTION. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| GENERAL STATEMENT REGARDING THE DISSOLUTION OF THE ORGANIZATION: | BLOOMFIELD COLLEGE AND MONTCLAIR STATE UNIVERSITY MERGED ON JUNE 30, 2023, 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. ON JUNE 30, 2024, THE SECOND PHASE OF THE MERGER TRANSACTION WAS COMPLETED. AS A RESULT, BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY CEASED OPERATIONS AND THE BOARD OF DIRECTORS APPROVED THE DISSOLUTION OF THE ENTITY. ITS REMAINING NET ASSETS WERE DISTRIBUTED TO MONTCLAIR STATE UNIVERSITY. A COPY OF THE RESOLUTION OF THE GOVERNING BODY APPROVING THE DISSOLUTION AND CERTIFICATE OF DISSOLUTION IS ATTACHED TO THIS FORM 990. |
| FORM 990, PART III, LINE 3 | BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY CEASED OPERATIONS ON JUNE 30, 2024. THE BOARD OF DIRECTORS APPROVED THE DISSOLUTION OF THIS ENTITY AND REMAINING NET ASSETS WERE DISTRIBUTED TO MONTCLAIR STATE UNIVERSITY. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE COLLEGE AMENDED ITS ARTICLES OF INCORPORATION AND BYLAWS AS A RESULT OF ITS MERGER WITH MONTCLAIR STATE UNIVERSITY. THE COLLEGE'S BYLAWS WERE AMENDED TO MAKE MONTCLAIR STATE UNIVERSITY ITS SOLE MEMBER AND PROVIDE FOR CERTAIN RESERVE RIGHTS AND POWERS FOR THE SOLE MEMBER. SEE RESPONSES TO PART VI, LINES 6, 7A, AND 7B BELOW. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE COLLEGE'S SOLE MEMBER IS MONTCLAIR STATE UNIVERSITY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE COLLEGE'S SOLE MEMBER, MONTCLAIR STATE UNIVERSITY, POSSESSES THE SOLE RIGHT TO APPOINT DIRECTORS; FINALLY APPROVE ANY INDIVIDUAL RECOMMENDED FOR THE POSITION OF DIRECTOR, EX-OFFICIO DIRECTOR, OR ANY OFFICER OF THE CORPORATION, AS RECOMMENDED BY THE THEN EXISTING BOARD OF DIRECTORS OF THE CORPORATION; AND FINALLY APPROVE ANY OFFICER OF THE CORPORATION, AS ELECTED OR APPOINTED BY THE BOARD OF DIRECTORS OF THE CORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE COLLEGE'S BYLAWS RESERVE THE FOLLOWING POWERS TO THE SOLE CORPORATE MEMBER: (A) MAKING ANY CHANGE TO THE CORPORATION'S PURPOSES OR MISSION, FOLLOWING APPROVAL BY THE BOARD OF DIRECTORS; (B) SELLING ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS FOLLOWING APPROVAL BY THE BOARD OF DIRECTORS, OR MERGING OR CONSOLIDATING THE CORPORATION INTO OR WITH ANY OTHER CORPORATION, PARTNERSHIP, LIMITED LIABILITY COMPANY OR OTHER ENTITY; (C) CREATING ANY NEW CLASS OR CLASSES OF MEMBERS, OR ADMITTING ANY NEW MEMBER, WHETHER BY APPROVING THE TRANSFER, ASSIGNMENT OR SALE OF A MEMBER'S INTEREST IN THE CORPORATION OR OTHERWISE; (D) LIQUIDATING, DISSOLVING OR WINDING UP THE AFFAIRS OF THE CORPORATION; (E) TO REMOVE ANY DIRECTOR OR OFFICER OF THE CORPORATION; (F) APPROVING ANY BORROWINGS FOLLOWING APPROVAL BY THE BOARD OF DIRECTORS, OR LEVYING ANY ASSESSMENTS OR REQUIREMENTS TO MAKE CAPITAL CONTRIBUTIONS BY THE MEMBER, AND APPROVING CONTRACTS OVER $25,000 FOLLOWING APPROVAL BY THE BOARD OF DIRECTORS; (G) AMENDING, MODIFYING, RESTATING OR REPEALING ANY PART OF THE CERTIFICATE OF INCORPORATION OR BYLAWS, FOLLOWING APPROVAL BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH THE CERTIFICATE OF INCORPORATION, BYLAWS AND APPLICABLE LAW; (H) TO TIMELY ACCESS AND REVIEW THE ACCOUNTS, BOOKS AND RECORDS OF THE CORPORATION; (I) TO APPROVE THE CORPORATION'S ANNUAL OPERATING AND CAPITAL BUDGET AND ANY INDIVIDUAL, OR SERIES OF RELATED, UNBUDGETED EXPENDITURE(S) OF THE CORPORATION IN EXCESS OF $25,000, IN EACH CASE, FOLLOWING APPROVAL BY THE BOARD OF DIRECTORS; AND (J) TO APPROVE THE CORPORATION ENTERING INTO AGREEMENTS FOR THE DELEGATION OF THE MANAGEMENT AND INVESTMENT OF THE ENDOWMENT FUNDS AND INSTITUTIONAL FUNDS AND PROGRAM-RELATED ASSETS, ALL AS DEFINED IN N.J.S.A. 15:18-26, PURSUANT TO THE PROVISIONS OF N.J.S.A. 15:18-29, FOLLOWING APPROVAL BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION GATHERS THE NECESSARY INFORMATION AND PREPARES THE FORM 990 WITH THE ASSISTANCE OF ITS TAX PREPARER. MANAGEMENT CONDUCTS A REVIEW OF THE 990 PRIOR TO FILING. |
| 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 | THE PROCESS FOR DETERMINING COMPENSATION REFLECTS THE POLICY OF THE COLLEGE PRIOR TO ITS MERGER WITH MONTCLAIR STATE UNIVERSITY. 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: | TRANSFER OF NET ASSETS TO MONTCLAIR STATE UNIVERSITY UPON DISSOLUTION OF BLOOMFIELD COLLEGE OF MONTCLAIR STATE UNIVERSITY INC. -50,601,975. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MONTCLAIR STATE UNIVERSITY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 NORMAL AVENUE | AddressLine1Txt |
| City | MONTCLAIR | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07043 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222912682 | EIN |
| Primary Activities | EDUCATION | PrimaryActivitiesTxt |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |