2022-05-05T13:51:26-05:00 2021-06-30 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2020-07-01 237318742 RUTGERS UNIVERSITY FOUNDATION RUTG 8489328020 335 GEORGE STREET NEW BRUNSWICK NJ 08901 CHRISTOPHER P ZRALY CFO 7329322076 2022-05-04 1 CHRISTOPHER ZRALY 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2022-04-28 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHRISTOPHER P ZRALY 335 GEORGE STREET NEW BRUNSWICK NJ 08901 195709314 0 X WWW.SUPPORT.RUTGERS.EDU X 1973 NJ TO SUPPORT RUTGERS, THE STATE UNIVERSITY, AND HELP IT ATTAIN EXCELLENCE (CONTINUED ON SCHEDULE O) IN EDUCATION, RESEARCH AND PUBLIC SERVICE BY BUILDING RELATIONSHIPS WITH SUPPORTERS TO RAISE MONEY FOR RUTGERS. 46 46 231 87 8974 0 130613901 143737617 8326002 4444061 176444 167287 26140598 25147515 165256945 173496480 141779905 122913540 0 0 19637718 18839346 1718490 1519222 1840307 11086336 8413678 174222449 151685786 -8965504 21810694 125048274 149036870 22531354 24801942 102516920 124234928 X THE SOLE MISSION OF THE RUTGERS UNIVERSITY FOUNDATION, SINCE ITS FOUNDING IN 1973, IS TO SUPPORT RUTGERS, THE STATE UNIVERSITY, AND HELP IT ATTAIN EXCELLENCE IN EDUCATION, RESEARCH, AND PUBLIC SERVICE (CONTINUED ON SCHEDULE O) BY BUILDING RELATIONSHIPS WITH ALUMNI, PARENTS, FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHER SUPPORTERS, THE FOUNDATION RAISES MONEY FOR, AND MATCHES DONORS INTERESTS TO, RUTGERS PRIORITIES, AS SET FORTH BY UNIVERSITY LEADERSHIP. 0 0 138474939 122913540 29573972 THE RUTGERS UNIVERSITY FOUNDATION RAISES FUNDS TO MEET UNIVERSITY NEEDS AND SUPPLEMENT STATE, FEDERAL AND OTHER SOURCES FOR STUDENTS AND LEARNING INCLUDING SCHOLARSHIPS AND PROGRAMS, FACULTY AND RESEARCH, CAMPUSES AND FACILITIES, AND UNIVERSITY AND COMMUNITY PROGRAMS. 138474939 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 60 12 1 231 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 46 46 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA HI KY MD MI MN NJ NY UT MA OH NH OR SC WI WV X CHRISTOPHER P ZRALY 8489328020 335 GEORGE STREET NEW BRUNSWICK NJ 08901 X ALAN M CROSTA JR DIRECTOR 1.00 X 0 0 0 AMY TOWERS DIRECTOR 1.00 X 0 0 0 ARTHUR CERTOSIMO DIRECTOR 1.00 X 0 0 0 ATIYA AFTAB DIRECTOR 1.00 X 0 0 0 BENJAMIN S WOLFE DIRECTOR 1.00 X 0 0 0 BRUCE BINGHAM DIRECTOR 1.00 X 0 0 0 BRUCE P KERZIC DIRECTOR 1.00 X 0 0 0 C EDWARD CHAPLIN VICE CHAIR 1.00 X X 0 0 0 CHRISTIANA R FOGLIO DIRECTOR 1.00 X 0 0 0 DANIEL DIFILIPPO DIRECTOR 1.00 X 0 0 0 DANIEL REINHARDT VICE CHAIR 1.00 X X 0 0 0 DONALD LOMURRO DIRECTOR 1.00 X 0 0 0 DUNCAN L MACMILLAN SECRETARY 1.00 X X 0 0 0 ELIZABETH J MCNEILLY DIRECTOR 1.00 X 0 0 0 GARY M RODKIN DIRECTOR 1.00 X 0 0 0 GARY W CHROPUVKA DIRECTOR 1.00 X 0 0 0 GREGORY A BEDARD EX-OFFICIO/DIRECTOR 1.00 X 0 0 0 HARRIETT DRUSKIN DIRECTOR 1.00 X 0 0 0 J MICHAEL GOWER EX-OFFICIO/TREASURER 1.00 X X 0 0 0 JAMES BERG DIRECTOR 1.00 X 0 0 0 JAMES DOUGHERTY DIRECTOR 1.00 X 0 0 0 JEAN CAPPELLO DIRECTOR 1.00 X 0 0 0 JOHN SIVOLELLA DIRECTOR 1.00 X 0 0 0 JONATHAN HOLLOWAY EX-OFFICIO/DIRECTOR 1.00 X 0 0 0 JOSE A PIAZZA EX-OFFICIO/DIRECTOR 1.00 X 0 0 0 KATE SWEENEY DIRECTOR 1.00 X 0 0 0 KIMBERLY BANKS MACKAY DIRECTOR 1.00 X 0 0 0 LISA DOLLY DIRECTOR 1.00 X 0 0 0 LUCAS J VISCONTI DIRECTOR 1.00 X 0 0 0 MARGARET T DERRICK DIRECTOR 1.00 X 0 0 0 MARK ANGELSON EX-OFFICIO/DIRECTOR 1.00 X 0 0 0 MARK P HERSHHORN DIRECTOR 1.00 X 0 0 0 MARY PAPAMARKOU DIRECTOR 1.00 X 0 0 0 MIA CHRISTINE PARK DIRECTOR 1.00 X 0 0 0 PATRICIA DEVITT RISSE DIRECTOR 1.00 X 0 0 0 PEGGY GUILIANO DIRECTOR 1.00 X 0 0 0 PETER TVERDOV DIRECTOR 1.00 X 0 0 0 PHILIP SCALO CHAIR 1.00 X X 0 0 0 REEMA PURI DIRECTOR 1.00 X 0 0 0 RICHARD STANZIONE DIRECTOR 1.00 X 0 0 0 ROBERT FALZON DIRECTOR 1.00 X 0 0 0 RONALD GARUTTI DIRECTOR 1.00 X 0 0 0 SCOTT E WHITE DIRECTOR 1.00 X 0 0 0 SHARON E KARMAZIN DIRECTOR 1.00 X 0 0 0 STEVEN M DARIEN DIRECTOR 1.00 X 0 0 0 SUBHA BARRY DIRECTOR 1.00 X 0 0 0 CHRISTOPHER P ZRALY CFO & ASSOCIATE TREASURER 37.50 X 262333 0 23315 NEVIN E KESSLER EX-OFFICIO/PRESIDENT 37.50 X 0 0 0 SUSAN CATANIA ASSISTANT SECRETARY 37.50 X 75772 0 9033 CHRISTOPHER NEEDLES VICE PRESIDENT 37.50 X 303095 0 38537 JOSHUA HARRAMAN VICE PRESIDENT 37.50 X 161947 0 11947 JULIE D CUMMINGS OUTGOING VICE PRESIDENT 37.50 X 222374 0 18851 TAHSIN ALAM VICE PRESIDENT 37.50 X 182368 0 30094 WILLIAM J GREEN VICE PRESIDENT 37.50 X 352239 0 72952 ASHAKI CHARLES ASSOC. VICE PRESIDENT 37.50 X 229250 0 33728 CARLY NORTHUP ASSOC. VICE PRESIDENT 37.50 X 185218 0 14862 DENISE GAVALA ASSOC. VICE PRESIDENT 37.50 X 215012 0 30890 JEREMY L SCARBROUGH ASSOC. VICE PRESIDENT 37.50 X 200061 0 28512 JILL BOND ASSOC. VICE PRESIDENT 37.50 X 183767 0 29559 2573436 0 342280 53 0 1 0 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 CHAR. SOLIC. & FNDRSNG 809215 RAISING INSIGHT 250 1ST AVENUE UNIT 1000 CHARLESTOWN MA 02129 FUNDRAISING REPORTING 126746 GARY OLSEN 21 PATRIOT LANE THORNTON PA 19373 FUNDRAISING CONSULTING 116053 COMMUNITY COUNSELLING SERVICES CO LLC 527 MADISON AVE 5TH FLOOR NEW YORK NY 10022 FUNDRAISING CONSULTING 108000 4 33715 143703902 15977106 143737617 GIFT ASSESSMENT FEES 900099 4433709 4433709 PROSPECT ENGAGEMENT 900099 10352 10352 4444061 63468 63468 3085 0 3085 3085 3085 22316653 22212834 103819 103819 103819 5585 33715 0 5585 5585 ADMIN FEES & SUPPORT 900099 25129871 25129871 OTHER INCOME 900099 8974 8974 25138845 173496480 29573932 8974 175957 122913540 122913540 1744108 1744108 12297556 9389331 2908225 1147920 933472 214448 2473424 1298234 1175190 1176338 879934 296404 3261152 1455108 1806044 55273 14701 40572 97622 97622 1519222 1519222 49431 49431 753688 503977 249711 172695 136617 36078 770887 305232 465655 1264797 157854 1058133 48810 252512 252512 3719 3045 674 157959 8443 149516 131926 131926 PRINTING & PUBLICATIONS 463596 443721 19875 REPAIRS AND MAINTENANCE 420274 7120 413154 DONOR & ALUMNI EVENTS 376327 104052 272275 EQUIPMENT PURCHASES 175959 22130 153829 5861 2480 3381 151685786 138474939 11370540 1840307 7196695 6718141 79208362 100376229 10504048 11333069 635381 742189 26761385 29120048 27310 36312 715093 710882 125048274 149036870 7318723 8008351 5142017 7796226 10070614 8997365 22531354 24801942 X 8863125 9701120 93653795 114533808 102516920 124234928 125048274 149036870 21810694 -92686 0 X X 0 1 X 1 0 X 127572245 131206353 97963459 130613901 143737617 631093575 127572245 131206353 97963459 130613901 143737617 631093575 2764256 628329319 398011 136447 303708 227913 63468 1129547 16442 6203 16036 11617 8974 59272 24835503 24858353 25037070 26263419 25135456 126129801 758412195 26038140 0.82850 0.83540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMIN FEE AND SUPPORT RUTGERS - 2016 AMOUNT: $ 24,386,916. 2017 AMOUNT: $ 24,458,586. 2018 AMOUNT: $ 24,621,481. 2019 AMOUNT: $ 25,949,716. 2020 AMOUNT: $ 25,129,871. OTHER INCOME - 2016 AMOUNT: $ 3,253. 2017 AMOUNT: $ 1,097. 2018 AMOUNT: $ 854. FUNDRAISING GAMING - 2016 AMOUNT: $ 445,334. 2017 AMOUNT: $ 398,670. 2018 AMOUNT: $ 414,735. 2019 AMOUNT: $ 313,703. 2020 AMOUNT: $ 5,585. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2418918 46606 66037 813 2398674 2359486 66546 6260 854 2418918 2311554 93001 90548 135374 243 2359486 2318438 6793 13400 277 2311554 2303535 31624 16463 258 2318438 0.96120 0.03880 0 0 0 ANNUITIES PAYABLE 8287670 OTHER LIABILITIES 709695 8997365 176405008 -92686 3050645 2957959 173447049 49431 49431 173496480 154687000 3050645 3050645 151636355 49431 49431 151685786 X X X X X X 1 THE DONLON AGENCY LLC 2870 PEACHTREE RD NW PMB 266 ATLANTA GA 30305 MAIL FUNDRAISING/CONSULTING 0 521736 342002 179734 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 MAIL AND PHONE FUNDRAISING CONSULTING 0 496377 1071328 -574951 BLACKBAUD INC 65 FAIRCHILD ST CHARLESTON SC 29462 FUNDRAISING CONSULTING 0 0 31200 -31200 BENTZ WHALEY FLESSNER & ASSOCIATES 7900 XERXES AVE S STE 980 MINNEAPOLIS MN 55431 FUNDRAISING CAPACITY CONSULTING 0 0 12500 -12500 PLUS DELTA PARTNERS 6965 EL CAMINO REAL STE 105-488 CARLSBAD CA 92009 FUNDRAISING TRAINING 0 0 5000 -5000 COMMUNITY COUNSELLING SERVICES CO LLC 527 MADISON AVE 5 FL NEW YORK NY 10022 FUNDRAISING CONSULTING 0 0 124509 -124509 PENTERA INC 8650 COMMERCE PARK PLACE SUITE G INDIANAPOLIS IN 46268 FUNDRAISING CONSULTING 0 0 17979 -17979 GRENZEBACH GLIER & ASSOCIATES INC 200 S MICHIGAN AVE SUITE 2100 CHICAGO IL 60604 FUNDRAISING CONSULTING 0 0 96820 -96820 CRESCENDO INTERACTIVE INC 110 CAMINO RUIZ CAMARILLO CA 93012 FUNDRAISING PROPOSAL SOFTWARE 0 0 6044 -6044 FREEWILL CO PO BOX 501051 INDIANAPOLIS IN 46250 CUSTOM FUNDRAISING PLATFORM 0 0 48810 -48810 1018113 1756192 -738079 AL AK AR AZ CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC STEVE PIKEILL SPEED LIMIT CLUB 19360 16755 2605 DISTINGUISHED ALUMNI AWARDS CELEBRA 12740 9760 2980 6 7200 7200 39300 33715 5585 5585 1 RUTGERS UNIVERSITY 33 KNIGHTSBRIDGE RD PISCATAWAY NJ 08854 226001086 170(B)(1)(A)(II) 122913540 EDUCATION-RELATED/ ATHLETICS 1 PART I, LINE 2: THE FOUNDATION MAINTAINS TRANSFER RECORDS FOR ALL GIFTS RAISED FOR THE UNIVERSITY AND THE UNIVERSITY MONITORS THE EXPENDITURES OF THOSE FUNDS, ALSO THE FOUNDATION PROVIDES STEWARDSHIP REPORTS TO DONORS REGARDING USAGE OF FUNDS. X X X X X X 0 0 0 0 0 0 0 0 0 WILLIAM J GREEN VICE PRESIDENT 351429 0 0 0 810 0 29443 0 43509 0 425191 0 0 0 CHRISTOPHER NEEDLES VICE PRESIDENT 300773 0 0 0 2322 0 24463 0 14074 0 341632 0 0 0 CHRISTOPHER P ZRALY CFO & ASSOCIATE TREASURER 260011 0 0 0 2322 0 20881 0 2434 0 285648 0 0 0 ASHAKI CHARLES ASSOC. VICE PRESIDENT 225141 0 0 0 4109 0 18540 0 15188 0 262978 0 0 0 DENISE GAVALA ASSOC. VICE PRESIDENT 213770 0 0 0 1242 0 17515 0 13375 0 245902 0 0 0 JULIE D CUMMINGS OUTGOING VICE PRESIDENT 215516 0 0 0 6858 0 17257 0 1594 0 241225 0 0 0 JEREMY L SCARBROUGH ASSOC. VICE PRESIDENT 195691 0 0 0 4370 0 16000 0 12512 0 228573 0 0 0 JILL BOND ASSOC. VICE PRESIDENT 181445 0 0 0 2322 0 15022 0 14537 0 213326 0 0 0 TAHSIN ALAM VICE PRESIDENT 170176 0 0 0 12192 0 14214 0 15880 0 212462 0 0 0 CARLY NORTHUP ASSOC. VICE PRESIDENT 183678 0 0 0 1540 0 2350 0 12512 0 200080 0 0 0 JOSHUA HARRAMAN VICE PRESIDENT 161573 0 0 0 374 0 11237 0 710 0 173894 0 0 0 X 1 24700 APPRAISAL X 8200 APPRAISAL X 8028 FMV X 376 15936178 FMV 3 0 1 1 PART I, COLUMN (B): AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: FOR CERTAIN NON CASH GIFTS WHERE THERE IS A LIMITED MARKET THE FOUNDATION WILL SECURE A FIRM TO SELL THE DONATED ITEMS AT AUCTION. IN FISCAL YEAR 2021, A FIRM WAS RETAINED TO SELL A DOLL COLLECTION. PART I, LINE 33: THE RUTGERS FOUNDATION HAS RECORDED ONLY THE NON CASH GIFTS RECEIVED DIRECTLY AT THE FOUNDATION, OR NON CASH GIFTS RECEIVED AT THE UNIVERSITY WHERE THE FOUNDATION SIGNS FORM 8283. FORM 990, PART I, LINE 5 PART I LINE 5 INDICATES THE RUTGERS UNIVERSITY FOUNDATION EMPLOYED 231 INDIVIDUALS DURING CALENDAR YEAR 2020. THE FOUNDATION EMPLOYS APPROXIMATELY 203 FULL-TIME PROFESSIONAL FUNDRAISING STAFF MEMBERS. THE BALANCE ARE PRIMARILY PART TIME EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 4 THE RUTGERS UNIVERSITY FOUNDATION AMENDED THEIR BYLAWS IN JUNE 2021. THE PRIMARY FOCUS OF THE AMENDMENT WAS TO REMOVE REFERENCES OF THE WORD "OVERSEER" WHICH IS ASSOCIATED WITH HISTORICAL RACIAL OPPRESSION. THE BOARD WAS RENAMED FROM THE "BOARD OF OVERSEERS" TO THE "BOARD OF DIRECTORS". OTHER CHANGES TO THE BY LAWS INCLUDED SPECIFYING THE COMPOSITION OF THE BOARD TO BE ELECTED MEMBERS, EXEMPT THE SECRETARY FROM TERM LIMITATIONS, ALLOW FOR VIRTUAL MEETINGS AND CLARIFY THE HOLDERS OF THE RCINJ AND TREASURER SEATS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE FOUNDATION'S STAFF. DRAFT RETURN IS REVIEWED BY THE CFO AND THEN PRESENTED TO THE AUDIT AND RISK MANAGEMENT COMMITTEE FOR THEIR REVIEW AND APPROVAL ON BEHALF OF THE FULL BOARD. THE FULL BOARD OF DIRECTORS IS PROVIDED A COPY OF THE APPROVED FORM 990 FOR THEIR REVIEW PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT AND RISK MANAGEMENT COMMITTEE CHAIR REVIEWS ALL RELATED PARTY TRANSACTION DISCLOSURE FORMS NOT LESS THAN ANNUALLY. IN THE EVENT THAT A BOARD MEMBER'S OR STAFF MEMBER'S STATUS CHANGES DURING THE YEAR THE AUDIT AND RISK MANAGEMENT COMMITTEE CHAIR WOULD REVIEW THE UPDATED CHANGE. ALL DISCLOSURE FORMS ARE AVAILABLE TO MEMBERS OF THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S PRESIDENT REVIEWS ANY CHANGES IN COMPENSATION FOR THE SENIOR MANAGEMENT TEAM ON AN ANNUAL BASIS WITH THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THEY UTILIZE COMPARATIVE SALARY INFORMATION FOR OTHER ORGANIZATIONS TO CONSIDER THE REASONABLENESS OF THE COMPENSATION FOR EACH INDIVIDUAL. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST ONLY AT THIS TIME. FORM 990, PART VII, SECTION A: THE PRESIDENT OF THE RUTGERS UNIVERSITY FOUNDATION IS AN EMPLOYEE OF RUTGERS UNIVERSITY, WHICH IS CONSIDERED AN UNRELATED ORGANIZATION FOR TAX PURPOSES. THE UNIVERSITY DETERMINES THE PRESIDENT'S COMPENSATION. THE PRESIDENT DOES NOT RECIEVE ANY COMPENSAITON FOR HIS WORK ON THE BOARD, AS SUCH THE SALARY IS NOT DISCLOSED ON THE 990. FORM 990, PART XII, LINE 2C: THE RUTGERS UNIVERSITY FOUNDATION HAS AN AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE ADVISES THE FULL BOARD ON ALL AUDITING AND ACCOUNTING MATTERS, HAS OVERSIGHT OVER THE QUALITY AND INTEGRITY OF THE FOUNDATION'S ACCOUNTING, INTERNAL CONTROL AND FINANCIAL REPORTING PRACTICES. CONSISTENT WITH THIS PURPOSE, THE AUDIT AND RISK MANAGEMENT COMMITTEE PROPOSES TO THE BOARD THE APPOINTMENT OF THE EXTERNAL AUDITORS FOR THE ANNUAL EXAMINATION OF THE FOUNDATIONS YEAR-END FINANCIAL STATEMENTS AND OTHER AUDIT NEEDS AS NECESSARY. RUF NYC LLC 7 COLLEGE AVE NEW BRUNSWICK NJ 08901 822993760 LICENSE NJ 20888 0 RUTGERS UNIVERSITY FOUNDATION