2022-05-13T11:11:13-05:00 2021-06-30 366055558 GRANT THORNTON LLP 75 STATE STREET 13TH FLOOR BOSTON MA 02109 990 2020-07-01 943435466 STOCKTON AFFILIATED SERVICES INC STOC 6096524381 101 VERA KING FARRIS DRIVE GALLOWAY NJ 082059441 JENNIFER POTTER VP A&F AND CFO 6096524381 2022-05-13 1 JENNIFER POTTER 999009999 ERIN COUTURE P01390592 6177237900 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z X JENNIFER POTTER 101 VERA KING FARRIS DRIVE GALLOWAY NJ 082059441 6511430 0 X WWW.STOCKTON.EDU/SASI X 2008 NJ TO INCREASE, EXPAND AND IMPROVE SERVICE LEVELS AT STOCKTON UNIVERSITY. X 12 7 35 7 134114 64914 327362 57924 12368892 6433727 -49202 -16928 27357 20196 12674409 6494919 1109695 128000 0 0 578151 100362 0 0 0 11641741 7474354 13329587 7702716 -655178 -1207797 3017488 0 2372647 0 644841 0 X SEE SCHEDULE O.STOCKTON AFFILIATED SERVICES, INC. IS A SELF-SUPPORTING ENTERPRISE ESTABLISHED TO INCREASE, EXPAND AND IMPROVE SERVICE LEVELS AT STOCKTON UNIVERSITY. STOCKTON AFFILIATED SERVICES, INC. PROVIDES EFECTIVE, EFFICIENT AND INNOVATIVE BUSINESS SOLUTIONS THAT ASSIST THE UNIVERSITY ACHIEVE ITS TEACHING, RESEARCH, SCHOLARSHIP AND PUBLIC SERVICE MISSIONS WHILE IMPROVING OPERATING RESULTS AND THE FINANCIAL POSITION OF THE UNIVERSITY. 0 0 5968583 3789222 STOCKTON AFFILIATED SERVICES, INC. PROVIDES FOOD SERVICES IN SUPPORT OF THE UNIVERSITY'S MISSION. FOOD SERVICES ARE PROVIDED TO APPROXIMATELY 8,850 STUDENTS, 3,200 EMPLOYEES, AS WELL AS VISITORS TO THE CAMPUS. STOCKTON AFFILIATED SERVICES IS PARTNERED WITH CHARTWELLS. CHARTWELLS SERVES MANY HIGHER EDUCATION INSTITUTIONS AROUND THE WORLD AND IS DEDICATED TO PROVIDING "FUN, HEALTHY DINING OPTIONS", GREAT SERVICE, AND LISTENING CLOSELY TO THE NEEDS AND OPINIONS OF STOCKTON STUDENTS. AT COLLEGES AND UNIVERSITIES, CHARTWELLS PERFORMS WEEKLY ON-LINE SURVEYS, FOOD PREFERENCE SURVEYS, CUSTOMER SATISFACTION SURVEYS, ANNUAL VOLUNTARY ROUND TABLE DISCUSSIONS AND NATIONWIDE RESEARCH. 108000 108000 STOCKTON AFFILIATED SERVICES, INC. PROVIDES GENERAL INSTITUTIONAL SUPPORT FOR THE UNIVERSITY'S MISSION, WHICH CAN BRIEFLY BE CHARACTERIZED AS EDUCATION, RESEARCH AND SERVICE. THE SUPPORT THAT IS PROVIDED IN THIS AREA IS ALMOST ENTIRELY GENERAL REVENUE THAT CAN BE USED FOR ANY ACTIVITY WITHIN THE UNIVERSITY'S MISSION. IN GENERAL, THE INDIVIDUALS SERVED ARE APPROXIMATELY 8,850 STUDENTS OF THE UNIVERSITY. THOUGH MUCH OF THE UNIVERSITY'S MISSION-RELATED ACTIVITY SERVES THE GENERAL PUBLIC AS WELL. 1044083 1620300 STOCKTON AFFILIATED SERVICES, INC. PROVIDES TRANSPORTATION AND SAFETY SUPPORT FOR THE UNIVERSITY'S MISSION. TRANSPORTATION IS PROVIDED FOR APPROXIMATELY 8,850 STUDENTS AND 3,200 FACULTY AND STAFF OF STOCKTON UNIVERSITY. SERVICES ARE PROVIDED ON CAMPUS FROM THE RESIDENTIAL AREAS TO THE ADMINISTRATIVE AND TEACHING FACILITIES OF THE UNIVERSITY. TRANSPORTATION IS ALSO PROVIDED TO AND FROM STAOCKTON'S PARKWAY BUILDING FOR CLINICS AND CLASSES, AS WELL AS FOR THE ATHLETIC TEAMS AND COLLEGE EVENTS. BEGINNING IN THE FALL OF 2018 THE TRANSPORTATION SERVICE AREA EXTENDED TO AND FROM THE UNIVERSITY'S NEW ATLANTIC CITY CAMPUS. 206522 20000 890377 OTHER ANCILLARY SERVICES 206522 20000 890377 7327188 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 11 0 1 35 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 7 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 1 1 0 0 0 NJ X X JENNIFER POTTER VP AF AND CFO 6096524381 101 VERA KING FARRIS DRIVE GALLOWAY NJ 08205 DR HARVEY KESSELMAN BOARD MEMBER 1.00 34.00 X 0 846333 168236 E MICHAEL ANGULO ESQ CHAIR 1.00 34.00 X X 0 207900 37472 JENNIFER M POTTER PRESIDENT OF SASI 1.00 34.00 X X 0 197863 36656 AUDREY LATOURETTE ESQ SECRETARY/TREASURER 1.00 34.00 X X 0 164444 26129 DR MICHAEL BUSLER BOARD MEMBER 1.00 34.00 X 0 161475 14048 LAWRENCE A HUFF VICE CHAIR 1.00 0.00 X X 0 0 0 MICHAEL B AZEEZ BOARD MEMBER 1.00 0.00 X 0 0 0 RUSSELL BANKS BOARD MEMBER 1.00 0.00 X 0 0 0 RAYMOND CICCONE BOARD MEMBER (AS OF 09/2020) 1.00 0.00 X 0 0 0 SOPHIE MURRAY BOARD MEMBER 1.00 0.00 X 0 0 0 GEORGEANNA TRACEY NEWMONES BOARD MEMBER 1.00 0.00 X 0 0 0 SAMUEL PAYAMPS BOARD MEMBER (AS OF 07/2020) 1.00 0.00 X 0 0 0 DAMIAN MAJEWSKI BOARD MEMBER (THRU 07/2020) 1.00 0.00 X 0 0 0 LEO B SCHOFFER ESQ BOARD MEMBER (THRU 09/2020) 1.00 0.00 X 0 0 0 0 1578015 282541 0 0 1 0 STOUT'S CHARTER SERVICE INC 20 IRVEN STREET TRENTON NJ 08638 TRANSPORTATION 593908 COMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICE MANAGEMENT 243075 B & B PARKING INC 116 PARK PLACE ATLANTIC CITY NJ 08401 PARKING 220186 3 57924 57924 FOOD SERVICE 611710 3789222 3789222 TRANSPORTATION 611710 1754414 1620300 134114 RENTAL PROPERTIES 611710 456960 456960 BOOK STORE 611710 221777 221777 VENDOR SERVICE 611710 211354 211354 6433727 -417 -417 16511 -16511 -16511 -16511 AMORT. OF BOOKSTORE CONTRIBUTION 611710 19910 19910 GENERAL REIMBURSEMENT 611710 286 286 20196 6494919 6299899 134114 2982 X 128000 128000 80677 80677 2528 2528 -9651 -9651 26808 26808 14641 1495 13146 30400 30400 6754344 6729868 24476 2818 2777 41 23946 23908 38 2024 2024 16559 16559 112 112 235 235 27114 27114 162186 162186 76651 51340 25311 MAINTENANCE 88820 88820 REIMBURSEMENTS 81283 81283 FUEL 40641 40641 152580 141047 11533 7702716 7327188 375528 0 0 837054 0 0 114746 0 0 0 0 0 113940 0 0 0 1853527 0 0 0 0 0 98221 0 3017488 0 307104 0 7170 0 1314683 0 743690 0 2372647 0 X 644841 0 644841 0 3017488 0 X -1207797 19158 543798 X 0 1 X 1 0 X X X 1 STOCKTON UNIVERSITY 222832788 6 1 108000 0 1 108000 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6: STOCKTON AFFILIATED SERVICES, INC. (SASI) MADE $20,000 IN GRANTS DURING THE YEAR TO STOCKTON UNIVERSITY FOUNDATION (FOUNDATION). THESE GRANTS INDIRECTLY SUPPORT SASI'S SUPPORTED ORGANIZATION, STOCKTON UNIVERSITY (UNIVERSITY), SINCE THE FOUNDATION FREQUENTLY MAKES GRANTS TO THE UNIVERSITY OR TO THE UNIVERSITY'S STUDENTS IN THE FORM OF SCHOLARSHIPS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 X 6514077 19158 19158 6494919 0 6494919 7702716 0 7702716 0 7702716 PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITION (ASC 740) STOCKTON AFFILIATED SERVICES, INC (SASI) FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION. SASI DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS FOR WHICH RECOGNITION OR DISCLOSURE IS WARRANTED. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2020 OR 2021. SASI IS EXEMPT FROM FEDERAL INCOME TAXATION BUT IT MAY BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. 1 STOCKTON UNIVERSTIY 101 VERA KING FARRIS DR GALLOWAY NJ 08205 222832788 GOVT & 501(C)(3) 108000 SUPPORT OF UNIVERSITY STOCKTON UNIVERSITY FOUNDATION 101 VERA KING FARRIS DR GALLOWAY NJ 08205 221957406 501(C)(3) 20000 SUPPORT OF FOUNDATION 2 0 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANTS FUNDS IN U.S. SASI ONLY PROVIDES ASSISTANCE TO STOCKTON UNIVERSITY AND STOCKTON UNIVERSITY FOUNDATION. THERE IS NO SELECTION CRITERIA USED AS IT IS THE MISSION OF SASI TO PROVIDE ASSISTANCE TO THESE ORGANIZATIONS. ACCORDINGLY, THERE IS NO PROCEDURE FOR MONITORING THE USE OF THE FUNDS BECAUSE THE UNIVERSITY AND FOUNDATION ARE BOTH 501(C)(3) ORGANIZATIONS AND USE THE FUNDS IN ACCORDANCE WITH THEIR CHARITABLE MISSIONS. ESTABLISHED INTERNAL CONTROLS ARE SUFFICIENT. 0 1 0 0 0 0 0 0 0 DR HARVEY KESSELMAN BOARD MEMBER 0 364531 0 0 0 481802 0 167800 0 436 0 1014569 0 325000 E MICHAEL ANGULO ESQ CHAIR 0 205939 0 0 0 1961 0 17320 0 20152 0 245372 0 0 JENNIFER M POTTER PRESIDENT OF SASI 0 195495 0 0 0 2368 0 16504 0 20152 0 234519 0 0 AUDREY LATOURETTE ESQ SECRETARY/TREASURER 0 153652 0 0 0 10792 0 12081 0 14048 0 190573 0 0 DR MICHAEL BUSLER BOARD MEMBER 0 161475 0 0 0 0 0 0 0 14048 0 175523 0 0 PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. DR. KESSELMAN PARTICIPATES IN TWO IRC SECTION 457(F) PLANS. STOCKTON UNIVERSITY, A RELATED ORGANIZATION, CONTRIBUTED $145,000 DURING THE CALENDAR YEAR TO THE PLANS. NET DEFICIT 2021-06-30 -543798 BOOK VALUE 222832788 STOCKTON UNIVERSITY 101 VERA KING FARRIS DR GALLOWAY NJ 08205 501(C)(3) 0 0 0 0 1 1 1 1 0 FORM 990, PART VI, SECTION A, LINE 1 DELEGATED AUTHORITY THE EXECUTIVE COMMITTEE OF THE BOARD SHALL CONSIST OF THE CHAIR, THE VICE CHAIR, THE SECRETARY-TREASURER, AND THE PRESIDENT OF STOCKTON AFFILIATED SERVICES, INC. IN ADDITION, THE BOARD MAY, IN ITS DISCRETION APPOINT AN ADDITIONAL MEMBER OF THE BOARD TO SERVE ON THE EXECUTIVE COMMITTEE. THE TERM OF ANY SUCH APPOINTMENT, IF MADE IN ANY GIVEN YEAR, SHALL BE ONE YEAR PROVIDED SUCH INDIVIDUAL CONTINUES TO SERVE AS A BOARD MEMBER. TO THE EXTENT ALLOWED BY LAW, THE EXECUTIVE COMMITTEE SHALL BE VESTED WITH ALL THE POWERS AND OBLIGATIONS OF THE BOARD OF DIRECTORS IN BETWEEN BOARD MEETINGS. ANY TIME IMMEDIATE ACTION IS REQUIRED TO BE TAKEN BY THE EXECUTIVE COMMITTEE, SUCH ACTION SHALL BE RATIFIED AT THE NEXT REGULARLY SCHEDULED BOARD MEETING. AT ALL MEETINGS OF THE EXECUTIVE COMMITTEE, A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE NECESSARY AND SUFFICIENT TO CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS; AT A MEETING AT WHICH THERE IS A QUORUM PRESENT, ACTION BY A MAJORITY OF A QUORUM SHALL BE THE ACT OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS WITH POWER OF APPOINTMENT STOCKTON UNIVERSITY'S BOARD OF TRUSTEES APPOINTS THE BOARD OF DIRECTORS FOR STOCKTON AFFILIATED SERVICES, INC. THE PRESIDENT OF THE UNIVERSITY NOMINATES THE MEMBERS OF THE BOARD OF DIRECTORS. THE PRESIDENT OF STOCKTON UNIVERSITY, OR HIS/HER DESIGNEE, SHALL BE CHAIR OF THE BOARD AND HAVE CONTINUOUS APPOINTMENT ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE MEETINGS WHILE THERE ARE NO FORMAL MINUTES TAKEN AT AUTHORIZED COMMITTEE MEETINGS, STAFF SUPPORT MEMBERS PRESENT DO TAKE NOTES REGARDING DECISIONS THAT ARE MADE AND FOLLOW-UP ACTIONS THAT MUST BE TAKEN. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION SUBMITTED BY MANAGEMENT OF THE ORGANIZATION. THE PREPARED 990 IS ELECTRONICALLY SENT TO THE UNIVERSITY BOARD CHAIR AND AUDIT COMMITTEE CHAIR FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT THE CONFLICT OF INTERST POLICY IS REVIEWED AND FORMS ARE COMPLETED ANNUALLY. MANAGERIAL LEVEL STAFF REVIEW THE FORMS. ALL INDIVIDUALS WITH DECISION MAKING AUTHORITY ARE COVERED UNDER THE POLICY. POTENTIAL CONFLICTS ARE REVIEWED BETWEEN THE PRESIDENT OF STOCKTON AFFILIATED SERVICES, INC. AND THE BOARD CHAIR. THE BOARD DISCUSSES ACTUAL CONFLICTS. PERSONS WITH A CONFLICT ARE REQUIRED TO RECUSE THEMSELVES FROM DISCUSSION OF THE SUBSTANCE OF ANY MATTER TOUCHING ON THE CONFLICT AND TO REFRAIN FROM PARTICIPATING IN ANY DECISIONS RELATING TO THE AREA OF CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE ORGANIZATION DOES NOT ITSELF COMPENSATE ANY OF THE TOP MANAGEMENT OFFICIALS OR OTHER OFFICERS OF THE ORGANIZATION. A RELATED ORGANIZATION ESTABLISHES THE COMPENSATION OF THOSE INDIVIDUALS COMPENSATED BY THAT ENTITY. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G FOOD SERVICE: PROGRAM SERVICE EXPENSES 5,947,163. TOTAL EXPENSES 5,947,163. TRANSPORTATION: PROGRAM SERVICE EXPENSES 781,998. MANAGEMENT AND GENERAL EXPENSES 24,453. TOTAL EXPENSES 806,451. RENTAL PROPERTIES: PROGRAM SERVICE EXPENSES 700. TOTAL EXPENSES 700. AZEEZ: PROGRAM SERVICE EXPENSES 7. TOTAL EXPENSES 7. GENERAL AND ADMIN: MANAGEMENT AND GENERAL EXPENSES 23. TOTAL EXPENSES 23. FORM 990, PART XI, LINE 9: TRANSFER OF NET DEFICIT TO STOCKTON UNIVERSITY UPON DISSOLUTION 543,798. STOCKTON UNIVERSITY 101 VERA KING FARRIS DRIVE GALLOWAY NJ 08205 222832788 HIGHER EDUCATION NJ 501(C)(3) LINE 6 N/A 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0