2020-04-06T07:20:29-05:00 2019-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2018-07-01 237261698 NEW JERSEY CITY UNIVERSITY FOUNDATION INC % Kwi Brennan NEWJ 2012003344 2039 John F Kennedy Boulevard Jersey City NJ 07305 KWI BRENNAN EXECUTIVE DIRECTOR 2012003344 2020-04-05 true PHILLIP E GROFF P01247783 2127589700 2020-04-01 167.68.102.5 13407320200975000000 2020-04-06 P B09A8F7452AAEB109EF01FBCB66ABFE0CB6B8889 F7E791049FCEE4943A341CCA4F642AE72B60D2A0 2018 2020-11-19 02:30:22Z Kwi Brennan 2039 John F Kennedy Boulevard Jersey City NJ 07305 12516834 false X WWW.NJCU.EDU/DONATE X 1971 NJ THE MISSION OF NEW JERSEY CITY UNIVERSITY FOUNDATION, INC. (THE FOUNDATION) IS TO ENCOURAGE AND SUPPORT THE DEVELOPMENT AND GROWTH OF NEW JERSEY CITY UNIVERSITY. SEE SCHEDULE O. 20 20 0 25 0 0 1386249 2054020 82 0 848004 735227 759835 1048165 2994170 3837412 520637 932061 0 0 0 0 6874 0 6810 2097203 2171263 2624714 3103324 369456 734088 79853489 82755485 57926395 59508106 21927094 23247379 X THE MISSION OF NEW JERSEY CITY UNIVERSITY FOUNDATION, INC. (THE "FOUNDATION") IS TO ENCOURAGE AND SUPPORT THE DEVELOPMENT AND GROWTH OF NEW JERSEY CITY UNIVERSITY (THE "UNIVERSITY") BY MEANS OF DEVELOPMENT AND FUNDRAISING ACTIVITIES. false false 932061 932061 Scholarships: The Foundation provided funding to New Jersey City University for student scholarships and other programmatic purposes. 152564 1041546 Other Activities: Other activities of the Foundation are attributable to support provisional activities of the University and of surrounding organizations. 1084625 true true false false false false false true false true true false false false false false false true false false false false false true true false false true false false true false false false false false false false false false false false false false false true true false false false true 2 0 true 0 false false false false false true true false false false false false false X 20 20 false false false false false true false true true false false true true true true true true false false false NJ X Kwi Brennan 2012003344 2039 KENNEDY BLVD Jersey City NJ 07305 X X Kwi Brennan Executive Director (nonvoting) 2.0 0.0 X X 0 0 0 Peter Hernandez Director - Chair 1.0 0.0 X X 0 0 0 Edward O'Connor Director - Treasurer 1.0 0.0 X X 0 0 0 Paul Silverman Director - Vice Chair 1.0 0.0 X X 0 0 0 Judith Wodynski Director - Secretary 1.0 0.0 X X 0 0 0 Robert Antonicello Director 1.0 0.0 X 0 0 0 Anthony Bastardi Director 1.0 0.0 X 0 0 0 Andrea Ducas Director - start 6/27/19 1.0 0.0 X 0 0 0 Alex Forrester Director 1.0 0.0 X 0 0 0 Sue Henderson PhD Director (nonvoting) 2.0 0.0 X 0 0 0 Stephen Hess Director 1.0 0.0 X 0 0 0 Sang Jin Kim PhD Director 1.0 0.0 X 0 0 0 Carlos Lejnieks Director 1.0 0.0 X 0 0 0 Rita Mitjans Director 1.0 0.0 X 0 0 0 Alfred Parinello Director 1.0 0.0 X 0 0 0 Caryn Parlavecchio Director 1.0 0.0 X 0 0 0 Chirag Patel Director 1.0 0.0 X 0 0 0 Dagmar Rosa-Bjorkeson Director 1.0 0.0 X 0 0 0 Thomas J Stanton III Director 1.0 0.0 X 0 0 0 Luke Visconti Director 1.0 0.0 X 0 0 0 JAMES WHITE nonvoting Director - start 12/12/18 2.0 0.0 X 0 0 0 Tim White Director - start 6/27/19 1.0 0.0 X 0 0 0 J Cole Slattery DIRECTOR - END 12/31/18 1.0 1.0 X 0 0 0 WILTON THOMAS-HOOKENONVOTING DIRECTOR END 12/17/18 2.0 0.0 X 0 0 0 MEG COLUMBIA-WALSH DIRECTOR 1.0 0.0 X 0 0 0 0 0 0 0 false false false Motivated Security Services Inc 34 W Main Street 204 Somerville NJ 08876 Dormitory Security 182232 Collins Building Services Inc 24-01 44th Road Long Island City NJ 11101 Building Maintenance 147410 2 321681 768221 964118 11975 2054020 0 630325 630325 0 33700 33700 4853316 3881319 971997 0 971997 971997 4812156 4707254 104902 104902 104902 63768 321681 90849 -27081 -27081 0 0 0 0 0 0 Assessment Fees 900099 69549 69549 69549 3837412 1041546 741846 932061 932061 0 0 0 0 0 0 0 0 0 122107 32355 90434 -682 703 703 50000 50000 0 0 75706 75706 0 1225 1225 38189 7471 24007 6711 0 0 0 54629 46615 7714 300 0 0 0 0 1546848 1546848 10628 1145 9483 Sponsorship Expenses 126315 46649 79480 186 Transfer of Expenses 41875 41875 Official Receptions 83913 1349 82564 BAD DEBT EXPENSE 14654 14654 4471 2326 1850 295 3103324 1084625 2011889 6810 1203900 2796028 10294260 11926472 2623258 2612011 1118699 1321890 0 0 0 0 0 0 0 0 111516 111516 54629705 4712588 51155371 49917117 13334080 14070451 0 0 0 0 0 0 12405 0 79853489 82755485 6675251 8909091 0 0 0 0 51251144 50599015 0 0 0 0 0 0 0 0 0 0 57926395 59508106 X 6420454 6276462 11370076 12779941 4136564 4190976 21927094 23247379 79853489 82755485 X 734088 655045 -68848 X X false true X true true true X 1568361 2876917 946892 1386249 2054020 8832439 0 0 1568361 2876917 946892 1386249 2054020 8832439 0 8832439 233264 369752 470609 496690 664025 2234340 0 80029 49815 54971 69549 254364 11321143 15570600 0.78017 0.80490 X PART II, SECTION B, LINE 8 The Foundation HAS HISTORICALLY INCLUDED GROSS RENTS from real property iN SECTION B, LINE 8. AFTER FURTHER CONSIDERATION, THESE GROSS RENTS from real property ARE FOR New Jersey City University STUDENT HOUSING. The foundation's purpose is to HELP FURTHER THE UNIVERSITy's EXEMPT PURPOSe of which providing housing to its students helps to fulfill this purpose. The Foundation RETROACTIVELY restated said GROSS RENTS from real property FROM LINE 8 TO LINE 12 FOR tax years 2015-2018. THIS restatement IS ALSO REFLECTED ON LINE 15, PUBLIC SUPPORT PERCENTAGE for tax year 2017 SCHEDULE A. PART II, SECTION B, LINE 10 EFFECTIVE WITH A POLICY APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS ON JUNE 15, 2015, A GIFT ASSESSMENT FEE IS ASSESSED ON ENDOWED AND NON ENDOWED CONTRIBUTIONS IN ORDER TO SUPPORT THE CORE OPERATIONS OF THE FOUNDATION AND ITS VARIOUS STRATEGIC PROGRAMS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 15297748 1901493 934667 1227094 171868 16734946 14354158 1207250 546201 600729 209132 15297748 14234076 948202 603407 931772 499755 14354158 11352138 2784469 706507 196000 413038 14234076 10805005 1219192 155288 390807 436540 11352138 0.01410 0.25040 0.76370 false false 53288270 4263019 49025251 1341435 449569 891866 49917117 9309258 655045 989187 -144554 1499678 7809580 -3972168 -3972168 3837412 7988973 989187 3896462 4885649 3103324 3103324 PART III, LINE 4 AS PER FASB 116, PART 11, THE FOUNDATION MAINTAINS PERMANENT ART COLLECTIONS THAT ARE: A) HELD FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, IN FUTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN; B) PROTECTED, KEPT, UNCUMBERED, CARED FOR, AND PRESERVED; AND C) SUBJECT TO THE FOUNDATION'S POLICY THAT REQUIRES PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTION. PART V, LINE 4 THE FOUNDATION'S ENDOWMENT FUNDS ARE INTENDED TO PROVIDE FUNDING TO NEW JERSEY CITY UNIVERSITY FOR SCHOLARSHIPS TO MATRICULATED STUDENTS. SCHEDULE D, PART XI, LINE 2D RECLASSIFICATION OF INVESTMENT FEES ($75,706) FAIR VALUE ADJUSTMENT OF SPLIT INTEREST AGREEMENTS ($68,848) ---------- TOTAL ($144,554) SCHEDULE D, PART XI, LINE 4B RECLASSIFICATION OF SPECIAL EVENT ($90,849) RECLASSIFICATION OF WCH LLC STUDENT HOUSING EXPENSES ($3,881,319) ---------- TOTAL ($3,972,168) SCHEDULE D, PART XII, LINE 2D RECLASSIFICATION OF SPECIAL EVENT EXPENSES $90,849 RECLASSIFICATION OF INVESTMENT FEES ($75,706) RECLASSIFICATION OF WCH LLC STUDENT HOUSING EXPENSES $3,881,319 ---------- TOTAL $3,896,462 X X X X X X false Annual Gala 191404 167862 23542 25986 19263 12040 Jazz Concert 49475 11975 37500 238 6230 26756 6 144570 141844 2726 336 385449 321681 63768 26224 25493 39132 90849 -27081 true New Jersey City University 2039 Kennedy Blvd Jersey City NJ 07305 222830882 501(c)(3) 932061 Support 1 SCHEDULE I, PART I, LINE 2 MONITORING PROCEDURES The Foundation administers the grant program for the benefit of New Jersey City University (The University) and its students. In order to ensure compliance with donor restrictions and to fulfill its fiduciary responsibility to these donors and to the University's students, a scholarship committee is maintained. A NJ Economic Dev Authority Series 2015A 222045817 64577BHM9 2015-03-17 51818115 Construct Student Housing false false false A 305000 0 51818115 3234981 0 0 857505 0 0 47725629 0 0 2016 false false true true A false false true true false 0.00000 0.00000 0.00000 false false false false A false true false false 0 false 0 false false A false SCHEDULE K, GENERAL INFORMATION (PART III, LINE 9, PART IV, LINE 7; PART V) THE FOUNDATION HAS A POST ISSUANCE TAX-EXEMPT BOND POLICY. HOWEVER IT CURRENTLY DOES NOT HAVE A FORMAL WRITTEN POLICY OR A PROCESS FOR ENFORCING THE POLICY. FORM 990 PART I, LINE 1 THE MISSION OF NEW JERSEY CITY UNIVERSITY FOUNDATION, INC. (THE "FOUNDATION") IS TO ENCOURAGE AND SUPPORT THE DEVELOPMENT AND GROWTH OF NEW JERSEY CITY UNIVERSITY (THE "UNIVERSITY") BY MEANS OF DEVELOPMENT AND FUNDRAISING ACTIVITIES. Form 990 Part VI Line 7a THREE OF THE FOUNDATION'S DIRECTORS ARE REPRESENTATIVES OF NEW JERSEY CITY UNIVERSITY, THESE INCLUDE THE PRESIDENT, THE CHIEF FINANCIAL OFFICER AND THE CHIEF DEVELOPMENT OFFICER OF THE UNIVERSITY. THE REMAINING DIRECTORS ARE ELECTED BY THE FOUNDATION'S BOARD OF DIRECTORS FROM NOMINEES PROPOSED BY A NOMINATING COMMITTEE APPOINTED BY THE CHAIRMAN OF THE BOARD, WITH THE BOARD'S APPROVAL. Form 990 Part VI Line 11b FORM 990 GOVERNING BODY REVIEW THE RETURN IS PREPARED INTERNALLY BY THE FOUNDATION'S STAFF AND IS REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM (KPMG). ONCE THE FORM 990 IS FINALIZED, THE ENTIRE BOARD OF DIRECTORS IS PROVIDED A COPY FOR REVIEW PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990 PART VI, LINE 11B NEW JERSEY CITY UNIVERSITY FOUNDATION, INC. DISTRIBUTES A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY TO EACH BOARD MEMBER. ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN THE DISCLOSURE FORM. THE BOARD OF DIRECTORS OF THE FOUNDATION WOULD ADDRESS ANY CONFLICTS OF INTEREST BROUGHT TO ITS ATTENTION. FORM 990, PART VI, LINE 15A/15B THE FOUNDATION DOES NOT HAVE A FORMAL COMPENSATION DETERMINATION PROCESS BECAUSE IT DOES NOT PAY ANY OF ITS DIRECTORS OR OFFICERS, AND HAS NO KEY EMPLOYEES. FORM 990, PART VI, LINE 19 THE ORGANIZATION CURRENTLY MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTERESTS POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2B THE FOUNDATION'S FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM (KPMG). ADDITONALLY, NEW JERSEY CITY UNIVERSITY FOUNDATION, INC. IS CONSIDERED A COMPONENT UNIT OF NEW JERSEY CITY UNIVERSITY AS PER GASB 39, "DETERMINING WHETHER CERTAIN ORGANIZATION'S ARE COMPONENT UNITS". AS SUCH, THE FOUNDATION'S CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AND CONSOLIDATED STATEMENTS OF ACTIVITIES ARE PRESENTED IN THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS. THEREFORE, PART IV, LINES 12B AND PART XII, LINES 2B WERE MARKED YES. FORM 990, PART XI, LINE 9 FAIR VALUE OF SPLIT-INTEREST AGREEMENTS: $68,848 PART VII, SECTION 1, ENTRIES 1, 10, 21 THREE OF THE FOUNDATION'S DIRECTORS SERVE THAT ROLE AS A RESULT OF THEIR RESPECTIVE ROLES WITH THE NEW JERSEY CITY UNIVERSITY (THE UNIVERSITY) WHICH REQUIRES THEIR PARTICIPATION AND OVERSIGHT IN THE FOUNDATION OPERATIONS. THESE DIRECTORS ARE COMPENSATED BY THE UNIVERSITY FOR PERFORMING THEIR RESPECTIVE FUNCTIONS AS REQUIRED BY THE UNIVERSITY, INCLUDING WORK THAT BENEFITS THE FOUNDATION. THEIR PARTICIPATION IS TREATED AS CONTRIBUTIONS TO THE FOUNDATION BY THE UNIVERSITY. THE UNIVERSITY DOES NOT FALL UNDER THE DEFINITION OF "RELATED ORGANIZATION" UNDER THE FORM 990. WEST CAMPUS HOUSING LLC 2039 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07305 472665116 res facility NJ 4853316 63431859 NJCU FDN NONE Charitable Remainder Annuity Trust NONE Bayone NJ 07002 Holding Company NJ Beacon Trust Trust 876436 0.59000 false false false false false false false false false false false false false false false false false false false false