2020-05-13T12:44:49-05:00 2019-06-30 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2018-07-01 222849480 KEAN UNIVERSITY FOUNDATION INC KEAN 9083168920 1000 MORRIS AVENUE UNION NJ 07083 WILLIAM MILLER CEO 9083168920 2020-05-13 1 ROBERT J JANNELLI P00450209 9082727000 98.221.229.12 2020-05-13 12:44:46 ED P 76FF2A6BB2396675DA7FC3BECCB7F23E28595D91 52C317022D2AFB7336B9822098EA99F1A72A5676 2018 2021-01-29 14:40:06Z X WILLIAM MILLER 1000 MORRIS AVENUE UNION NJ 07083 19789715 0 X WWW.KEANFOUNDATION.ORG X 1984 NJ THE FOUNDATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY 16 15 10 0 -173510 -173510 3717105 4264254 524131 5916579 2544368 1099066 -299273 -630165 6486331 10649734 1329596 757687 0 0 0 834284 0 0 216416 5006521 966130 6336117 2558101 150214 8091633 41890481 50511444 1851242 2086696 40039239 48424748 THE ORGANIZATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY 0 0 757687 757687 SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS 514247 PROGRAMS AND GRANTS TO KEAN UNIVERSITY 1271934 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 35 0 1 10 1 1 1 0 0 0 0 1 1 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X CLARINDA JOSEPH-CUMBERBATCH 9083168920 1000 MORRIS AVENUE UNION NJ 97083 STEVE FASTOOK CHAIRMAN 0.25 0.00 X X 0 0 0 MARIA E BORDAS VICE CHAIR 0.25 0.00 X X 0 0 0 ANTHONY GIORDANO III TREASURER 0.25 0.00 X X 0 0 0 LINDA TUMA SECRETARY 0.25 0.00 X X 0 0 0 DR DAWOOD Y FARAHI DIRECTOR 0.25 0.00 X 0 0 0 DIANE MIRON DIRECTOR 0.25 0.00 X 0 0 0 PATRICIA DULINSKI DIRECTOR 0.25 0.00 X 0 0 0 JOHN MULLANEY DIRECTOR 0.25 0.00 X 0 0 0 EDWARD A ESPOSITO DIRECTOR 0.25 0.00 X 0 0 0 JAMES K ESTABROOK ESQ DIRECTOR 0.25 0.00 X 0 0 0 JAMES G HYNES DIRECTOR 0.25 0.00 X 0 0 0 ADA MORRELL DIRECTOR 0.25 0.00 X 0 0 0 BARBARA SOBEL DIRECTOR 0.25 0.00 X 0 0 0 SCOTT N SCHOBER DIRECTOR 0.25 0.00 X 0 0 0 TOM BRADY DIRECTOR 0.25 0.00 X 0 0 0 WILLIAM LOEHNING DIRECTOR 0.25 0.00 X 0 0 0 GERALD TARANTOLO DIRECTOR 0.25 0.00 X 0 0 0 WILLIAM MILLER CEO 40.00 0.00 X X 235000 0 9973 ART WILLIAMS DIRECTOR 0.25 0.00 X 0 0 0 SANDRA WILLIAMS DIRECTOR 0.25 0.00 X 0 0 0 235000 0 9973 1 0 1 0 SAVE THE DATE 299 BROADWAY STE 203 NEW YORK NY 10007 EVENT PLANNER 230475 NY TENT LLC 1401 LAKELAND AVENUE BOHEMIA NY 11716 OUTDOOR EVENT SUPPLIER 123133 2 4264254 4264254 DEPARTMENT GENERATED REVENUE 611310 5814000 5814000 OTHER INCOME 611310 102579 102579 5916579 768208 768208 8715414 8384556 330858 330858 330858 365733 755425 -389692 -389692 CHANGE IN SPLIT INT AGMTS 611310 -66963 -66963 RESTAURANT - NET 722511 -173510 -173510 -240473 10649734 5849616 -173510 709374 757687 757687 235000 235000 452164 218164 191000 43000 60789 1505 48077 11207 86331 4007 66776 15548 5913 5913 51000 51000 91857 91857 107014 97450 9564 40224 4209 35926 89 17678 57 17333 288 112435 1838 110597 61500 61500 12207 821 600 10786 3884 2364 1520 11907 11907 32231 32231 KEAN UNIVERSITY PROGRAM 168239 168239 POSTAGE AND MAILING 70271 5698 2282 62291 FOOD SERVICE AND CATERI 54563 46996 7567 ANNUAL FUND SERVICE 44658 44658 80549 1213 61871 17465 2558101 1271934 1069751 216416 2062179 3388790 1283704 3253460 56227 29150 95679 197274 3105649 1610507 1566254 1495142 27643407 30491553 7942779 6557197 1240252 5098878 41890481 50511444 155712 561866 1695530 1524830 1851242 2086696 X 5213620 7763402 17475530 0 17350089 40661346 40039239 48424748 41890481 50511444 8091633 293876 0 X 0 1 X 1 0 X 3640754 4601146 4104728 3717105 4264254 20327987 3640754 4601146 4104728 3717105 4264254 20327987 3730950 16597037 1459910 1465187 1370377 994386 768208 6058068 26386055 0.62900 0.60190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17350089 8896874 839831 27086794 16372754 1012335 35000 17350089 14018737 2354017 16372754 13691682 327055 14018737 15539498 152184 15691682 1.00000 0 0 1886232 466940 1419292 1219417 1143567 75850 1495142 HEDGE FUNDS 3868507 F PRIVATE INVESTMENTS 1088625 F REAL ESTATE INVESTMENT FUNDS 1600065 F 6557197 SECURITIES HELD FOR PERTH AMBOY SCHOLARSHIP FUND 1033523 CASH SURRENDER VALUE LIFE INSURANCE 251355 DUE FROM KEAN UNIVERSITY 3814000 5098878 CHARITABLE GIFT ANNUITIES PAYABLE 685880 PERTH-AMBOY SCHOLARSHIP FUND - AGENCY ACCOUNT 838950 1524830 X 12966778 293876 755425 1049301 11917477 -1267743 -1267743 10649734 4581269 2023168 2023168 2558101 0 2558101 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS THAT MIGHT BE RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2018 AND 2017. THE FOUNDATION FILES ITS FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR FISCAL YEARS BEFORE 2015, GENERALLY FOR 3 YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTAURANT EXPENSES RESTAURANT DEPRECIATION PART XII, LINE 2D - OTHER ADJUSTMENTS: RESTAURANT EXPENSES RESTAURANT DEPRECIATION FUNDRAISING EXPENSES ANNUAL GALA 314922 314922 307500 419742 GOLF OUTING 50811 50811 21363 6820 365733 365733 328863 419742 6820 755425 -389692 0 SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS 149 757687 X X X 0 0 0 0 0 0 0 0 0 WILLIAM MILLER CEO 220000 0 10000 0 5000 0 0 7058 0 2915 235000 9973 0 0 SCHEDULE D, PART V - ENDOWMENTS THE FOUNDATION REALLOCATED CERTAIN ASSETS TO ENDOWMENT FUND DURING FISCAL 2019. THE CONTRIBUTIONS FOR FISCAL 2019 INCLUDE THESE REALLOCATIONS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF A DRAFT FORM 990 IS REVIEWED BY THE FOUNDATIONS OFFICERS AND DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT A SIGNED STATEMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION PROVIDES THIS DOCUMENTATION TO THE PUBLIC UPON WRITTEN REQUEST. KEAN UNIVERSITY 1000 MORRIS AVENUE UNION NJ 07083 222960726 UNIVERISTY THAT PROVIDES POST SECONDARY EDUCATION TO STUDENTS NJ 501(C)(3) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KEAN UNIVERSITY B 168239 CASH DISBURSEMENTS