2021-05-17T15:22:25-05:00 2020-06-30 363990892 Capin Crouse LLP 1330 Avenue of the Americas Suite 23A New York NY 10019 990 2019-07-01 453912932 Pillar College Inc PILL 9738035000 60 Park Place No 701 Newark NJ 07102 Rupert Hayles Chief Operating Officer 9738035000 2021-05-17 1 Ted R Batson Jr P00721951 5055022746 2019 2022-09-23 18:48:47Z Dr David Schroeder 60 Park Place No 701 Newark NJ 07102 11603884 0 X www.pillar.edu X 1994 NJ Pillar College is an independent, faith-based 4 year institution of higher education. 20 20 190 20 0 0 343078 1698429 9737593 9686927 3481 1384 199790 206885 10283942 11593625 1566518 1806531 0 0 5310746 5618653 0 0 204150 3386217 3276547 10263481 10701731 20461 891894 1833020 2566944 894428 736908 938592 1830036 Pillar College is an independent, faith based, 4 year institution of higher education licensed by the state of New Jersey and accredited by Middle States Commission on Higher Education and the Association of Biblical Higher Education. 0 0 7349486 1806531 9723812 Pillar College is the only accredited, private Christian College in New Jersey. Pillar College was founded in 1908 and established and chartered by the New Jersey Commission on Higher Education in 2001. We are located in Newark, Somerset and Paterson New Jersey, serving approximately 700 undergraduate and graduate students. The college offers Master of Arts in Counseling and Ministry Leadership, Bachelor of Arts in Biblical Studies, Business Administration & Management, Elementary Education, Intercultural Communication and Psychology and Counseling. 7349486 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 920 0 1 190 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X Rupert Hayles 9738035000 60 Park Place No 701 Newark NJ 07102 Dr David Schroeder Ex-Officio/President 40.00 X 117191 0 81903 Julia Perez VP of Bus. and Finance (part year) 40.00 X 83803 0 0 Rupert A Hayles Jr Chief Operating Officer 40.00 X 71425 0 3193 Timothy L Schmidt Chairman 2.00 X X 0 0 0 Frank Donaruma Vice Chairman 2.00 X X 0 0 0 Juan Velasco Esq Treasurer/Secretary 2.00 X X 0 0 0 George Blundt Trustee 2.00 X 0 0 0 Dr K Brad Stamm Trustee 2.00 X 0 0 0 George Searight Trustee 2.00 X 0 0 0 Elizabeth Robles Trustee 2.00 X 0 0 0 Mark Grawehr Trustee 2.00 X 0 0 0 Willie May Veasey Trustee 2.00 X 0 0 0 Timothy Kwok Trustee 2.00 X 0 0 0 Randall Lassiter Trustee 2.00 X 0 0 0 Willliam Mino Trustee 2.00 X 0 0 0 J George Reilly Trustee 2.00 X 0 0 0 Shino John Trustee 2.00 X 0 0 0 Phil Casciano Trustee 2.00 X 0 0 0 Antonio Cardona Trustee 2.00 X 0 0 0 Cedric Ashley Esq Trustee 2.00 X 0 0 0 Deborah Skomba Trustee 2.00 X 0 0 0 James Kang Trustee 2.00 X 0 0 0 Henri Steenkamp Trustee 2.00 X 0 0 0 272419 0 85096 1 0 1 0 FA Solutions PO Box 162157 Atlanta GA 303212157 Financial Aid Services 201820 Campus Management Corp PO Box 850001 Orlando FL 328859908 Software Services 162502 2 1364116 334313 10259 1698429 Tuition & Fees 611710 9583905 9583905 Auxiliary Income 611710 92466 92466 10556 10556 9686927 1384 1384 10259 10259 0 0 Insurance proceeds 900099 170000 170000 36885 36885 206885 11593625 9723812 0 171384 1806531 1806531 352768 252972 90904 8892 182237 182237 4248257 3011162 1120402 116693 37319 23277 11757 2285 353833 235598 117001 1234 444239 323924 107801 12514 5500 5500 202081 202081 511602 332266 169336 10000 479428 490 478938 131485 24209 103710 3566 98489 68086 27919 2484 916807 660522 232189 24096 10263 5204 3213 1846 8183 1041 7142 5770 5770 112743 81227 28553 2963 66283 47754 16787 1742 Licensing Expense 217854 159237 53214 5403 Textbook Pub. 69844 69844 Bad Debt Expense 55463 55463 Events and Intramurals 27457 17387 9287 783 357295 47559 307229 2507 10701731 7349486 3148095 204150 686871 1025432 628796 1022936 105165 138296 1480395 1270472 283600 209923 110813 111748 17775 58609 1833020 2566944 660329 439162 228826 295981 5273 1765 894428 736908 X 835226 1604593 103366 225443 938592 1830036 1833020 2566944 891894 -450 0 X 0 1 X 1 1 1 X 343792 142840 339243 343078 1698429 2867382 343792 142840 339243 343078 1698429 2867382 160558 2706824 -116 12925 15911 3481 1384 33585 293233 120074 65929 201001 206885 887122 3788089 47361806 0.71460 0.47960 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising income - 2017 Amount: $ 13,588. 2018 Amount: $ 2,050. Other income - 2015 Amount: $ 293,233. 2016 Amount: $ 120,074. 2017 Amount: $ 52,341. 2018 Amount: $ 180,106. 2019 Amount: $ 36,885. Insurance proceeds - 2018 Amount: $ 18,845. 2019 Amount: $ 170,000. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 206250 156218 50032 1274145 1114254 159891 209923 10079166 -450 11282 10832 10068334 1525291 1525291 11593625 9187722 11282 11282 9176440 1525291 1525291 10701731 Part XI, Line 4b - Other Adjustments: Institutional aid 1,525,291. Part XII, Line 4b - Other Adjustments: Institutional aid 1,525,291. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). Schedule E, Part I, Line 6 Pillar College receives funding through Pell, NJ TAG and Federal Direct Loans. The college also received funds through the Payroll Protection Program and Higher Education Emergency Relief (HEERF) as part of the CARES Act. Middle East and North Africa 0 0 Program Services Global Learning 64231 0 0 0 0 0 0 64231 0 64231 0 0 0 0 0 0 Part I, line 3: Expenditures are accounted for using the accrual method of accounting. Part III Accounting Method: 1 Financial Aid 422 1525291 HEERF Grants 347 281240 Part I, Line 2: Pillar College awards Title IV funds to students for the purpose of assisting with tuition and related college expenses. Student must meet eligibility requirements before funds are awarded. Awards are applied directly to student accounts. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 Dr David Schroeder Ex-Officio/President 117191 0 0 0 0 0 5053 0 76850 0 199094 0 0 0 Part I, Line 1a Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. Dr. David Schoeder, Ex-Officio/President met the qualifications for and received a ministerial housing allowance during the tax year. Part I, Line 4a Julia Perez, VP of Business and Finance, received a severance payment of $8,749. Brian Schroeder Family member of David Schroeder, President 63804 Wages and benefits 0 Elizabeth Schroeder Family member of David Schroeder, President 60877 Wages and benefits 0 Christine Schroeder Family member of David Schroeder, President 57556 Wages 0 Form 990, Part VI, Section A, line 1 The Executive Committee consists of at least one-third (1/3) of the board members of Pillar College, including the Chairman and Vice Chairman. The Executive Committee shall be empowered to act on behalf of the board between meetings of the board with the exception of appointing/removing trustees or officers, making changes to the bylaws or articles of incorporation, or any action that requires seventy-five percent (75%) board approval. All actions taken by the Executive Committee shall be reported to the board within thirty (30) days of such action. Form 990, Part VI, Section A, line 2 Phil Casciano and Frank Donaruma have a family relationship. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Board Chairman is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. The Board Secretary reviews the Board Chairman's statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 Line 15a - Compensation for the Ex-Officio/President is reviewed by the Administrative Committee of the Board. Comparability data is used and the approval process is documented. Line 15b - Compensation for other officers is determined and reviewed by the Administrative Committee of the Board. Comparability data is used and the approval process is documented. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Pillar Center for Transformative Work Inc 60 Park Place Ste 701 Newark NJ 07102 844632340 Build capacity of individuals, industry and instituitions in the inner city NJ 501(c)(3) Line 7 Pillar College 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0