2017-05-15T10:52:00-05:00 2016-06-30 221478099 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 07068 990 2015-07-01 237318742 RUTGERS UNIVERSITY FOUNDATION RUTG 8489328020 7 COLLEGE AVENUE WINANTS HALL NEW BRUNSWICK NJ 08901 CHRISTOPHER P ZRALY CFO 7329322076 2017-05-15 1 THOMAS LANNING P00851654 9732283500 2017-05-12 2015 2021-01-29 14:40:06Z CHRISTOPHER P ZRALY 120 ALBANY STREET SUITE 201 NEW BRUNSWICK NJ 08901 167520327 0 X WWW.SUPPORT.RUTGERS.EDU X 1973 NJ TO SUPPORT RUTGERS, THE STATE UNIVERSITY OF NEW JERSEY, AND HELP IT (CONTINUED ON SCHEDULE O) ATTAIN EXCELLENCE IN EDUCATION, RESEARCH AND PUBLIC SERVICE BY BUILDING RELATIONSHIPS WITH SUPPORTERS TO RAISE MONEY FOR RUTGERS. 74 74 211 101 0 0 113846286 109791010 5506440 5773065 727650 1622025 14717709 14773283 134798085 131959383 104146542 120167785 0 0 12832707 14465352 1357010 1637710 3350892 11447899 12547928 129784158 148818775 5013927 -16859392 128181069 108486687 12056689 10241924 116124380 98244763 X THE SOLE MISSION OF THE RUTGERS UNIVERSITY FOUNDATION, SINCE ITS FOUNDING IN 1973, IS TO SUPPORT RUTGERS, THE STATE UNIVERSITY OF NEW JERSEY, 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 135225058 120167785 20349022 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. 135225058 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 108 11 1 211 1 0 0 0 0 0 1 1 0 0 0 0 X 74 74 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AR CA HI KY MD MA MI MN NJ NY UT X CHRISTOPHER P ZRALY 8489327372 120 ALBANY STREET SUITE 201 NEW BRUNSWICK NJ 08901 ALAN M CROSTA JR OVERSEER 1.00 X 0 0 0 ALAN MICHELS OVERSEER 1.00 X 0 0 0 ALBERT R GAMPER JR OVERSEER 1.00 X 0 0 0 AMY TOWERS OVERSEER 1.00 X 0 0 0 ARTHUR CERTOSIMO VICE CHAIR 1.00 X X 0 0 0 ATIYA AFTAB OVERSEER 1.00 X 0 0 0 BARBARA M BAUER OVERSEER 1.00 X 0 0 0 BENJAMIN S WOLFE OVERSEER 1.00 X 0 0 0 BEVERLY AISENBREY OVERSEER 1.00 X 0 0 0 BRIAN D PERKINS CHAIR 1.00 X X 0 0 0 BRUCE BINGHAM OVERSEER 1.00 X 0 0 0 CHARLES CHANG OVERSEER 1.00 X 0 0 0 CHUCK CHAPLIN OVERSEER 1.00 X 0 0 0 DANIEL PHELAN OVERSEER 1.00 X 0 0 0 DANIEL REINHARDT OVERSEER 1.00 X 0 0 0 DAVID HARRIS OVERSEER 1.00 X 0 0 0 DENNIS FENTON OVERSEER 1.00 X 0 0 0 DORIAN J WILSON OVERSEER 1.00 X 0 0 0 DUNCAN L MACMILLAN SECRETARY 1.00 X X 0 0 0 FRANK HUNDLEY EX-OFFICIO MEMBER 1.00 X 0 0 0 GARY M RODKIN OVERSEER 1.00 X 0 0 0 GERALD H LIPKIN OVERSEER 1.00 X 0 0 0 GREG BROWN OVERSEER 1.00 X 0 0 0 HARRIETT DRUSKIN OVERSEER 1.00 X 0 0 0 J MICHAEL GOWER EX-OFFICIO MEMBER/TREASURER 1.00 X X 0 0 0 JAMES DOUGHERTY OVERSEER 1.00 X 0 0 0 JAMES MAIDA OVERSEER 1.00 X 0 0 0 JOEL E MILLER OVERSEER 1.00 X 0 0 0 JOHN J VANDER ZEE OVERSEER 1.00 X 0 0 0 JOSEPH MORONEY OVERSEER 1.00 X 0 0 0 JOYCE ALBERS-SCHONBERG OVERSEER 1.00 X 0 0 0 KAREN R WALSH OVERSEER 1.00 X 0 0 0 KEITH BANKS OVERSEER 1.00 X 0 0 0 KENNETH D LAWRENCE OVERSEER 1.00 X 0 0 0 KENNETH M SCHMIDT OVERSEER 1.00 X 0 0 0 KEVIN D MCGRATH OVERSEER 1.00 X 0 0 0 LEO B SCHOFFER OVERSEER 1.00 X 0 0 0 LOUISE PERRIN OVERSEER 1.00 X 0 0 0 LUCAS J VISCONTI OVERSEER 1.00 X 0 0 0 MARK P HERSHHORN OVERSEER 1.00 X 0 0 0 MARLENE A TEPPER OVERSEER 1.00 X 0 0 0 MICHAEL N GOODKIND OVERSEER 1.00 X 0 0 0 PAUL PROFETA OVERSEER 1.00 X 0 0 0 PETER D CHERASIA VICE CHAIR 1.00 X X 0 0 0 PETER W GIBSON OVERSEER 1.00 X 0 0 0 PHILIP S SCHEIN OVERSEER 1.00 X 0 0 0 PHILIP SCALO OVERSEER 1.00 X 0 0 0 RICHARD A ALAIMO OVERSEER 1.00 X 0 0 0 RICHARD GOLDMAN OVERSEER 1.00 X 0 0 0 RICHARD H SHINDELL OVERSEER 1.00 X 0 0 0 ROBERT CAMPBELL OVERSEER 1.00 X 0 0 0 ROBERT E MORTENSEN OVERSEER 1.00 X 0 0 0 ROBERT L BARCHI EX-OFFICIO MEMBER 1.00 X 0 0 0 RONALD D WILSON OVERSEER 1.00 X 0 0 0 RONALD GARUTTI OVERSEER 1.00 X 0 0 0 SCOTT E WHITE OVERSEER 1.00 X 0 0 0 SCOTT FRANZBLAU OVERSEER 1.00 X 0 0 0 SHARON E KARMAZIN OVERSEER 1.00 X 0 0 0 STEVEN B BOEHM OVERSEER 1.00 X 0 0 0 STEVEN D PLOFKER OVERSEER 1.00 X 0 0 0 STEVEN H TEMARES OVERSEER 1.00 X 0 0 0 STEVEN M DARIEN OVERSEER 1.00 X 0 0 0 SUBHA BARRY OVERSEER 1.00 X 0 0 0 SUSAN REALE OVERSEER 1.00 X 0 0 0 TARA C YOUNG OVERSEER 1.00 X 0 0 0 TERRY S BIENSTOCK OVERSEER 1.00 X 0 0 0 THOMAS A RENYI OVERSEER 1.00 X 0 0 0 THOMAS MCKAY III OVERSEER 1.00 X 0 0 0 TIMOTHY FARROW OVERSEER 1.00 X 0 0 0 TIMOTHY LWHITESIDE OVERSEER 1.00 X 0 0 0 VAUGHN L MCKOY OVERSEER 1.00 X 0 0 0 WALTER L LEIB OVERSEER 1.00 X 0 0 0 WENDY CAI-LEE OVERSEER 1.00 X 0 0 0 WILLIAM V GIACONIA OVERSEER 1.00 X 0 0 0 ARLENE ROSOL ASSISTANT SECRETARY 37.50 X 72094 0 30955 CHRISTOPHER P ZRALY ASSISTANT TREASURER 37.50 X 193078 0 17417 NEVIN E KESSLER EX-OFFICIO/PRESIDENT 37.50 X 0 0 0 JOYCE HENDRICKS VICE PRESIDENT 37.50 X 247540 0 49785 JULIE D CUMMINGS VICE PRESIDENT 37.50 X 199283 0 19807 SUSAN C DOLBERT VICE PRESIDENT 37.50 X 389738 0 54373 DENISE GAVALA ASSOC. VICE PRESIDENT 37.50 X 189639 0 25846 DREW A KAIDEN ASSOCIATE VICE PRESIDENT 37.50 X 139358 0 51200 KURT J HINRICHSEN ASSOCIATE VICE PRESIDENT 37.50 X 173937 0 12145 MICHAEL J MARION ASSOCIATE VICE PRESIDENT 37.50 X 142645 0 48795 ROBERT CONSTANT ASSOCIATE VICE PRESIDENT 37.50 X 180729 0 26079 1928041 0 336402 27 0 1 0 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 CHAR. SOLIC. & FNDRSNG 1514618 STEVENS & LEE 100 LENOX DRIVE SUITE 200 LAWRENCEVILLE NJ 08648 LEGAL SERVICES 330740 COMMUNITY COUNSELLING SERVICES CO LLC 461 5TH AVENUE 3RD FLOOR NEW YORK NY 10017 FUNDRAISING CONSULTING 109302 3 69587 109721423 23242754 109791010 GIFT ASSESSMENT FEES 900099 5145733 5145733 PROSPECT ENGAGEMENT 900099 627332 627332 5773065 466275 466275 36412707 35256957 1155750 1155750 1155750 31687 69587 18470 13217 13217 469626 285517 184109 184109 ADMIN FEES & SUPPORT 900099 14575886 14575886 OTHER INCOME 900099 71 71 14575957 131959383 20349022 0 1819351 120167785 120167785 1196599 1196599 9590749 7264928 2325821 842934 639623 203311 1876394 1163245 713149 958676 695266 263410 3440683 1632599 1808084 391391 1590 389801 107491 107491 1637710 1637710 161099 161099 426983 386975 40008 163691 104348 59343 896559 364121 532438 1299074 339273 959801 795607 2868 792739 488496 402419 86077 206870 121965 84905 56877 56877 DONOR & ALUMNI ENGAGMEN 1773177 59995 1713182 PAYMENTS TO ANNUITANTS 1332934 1332934 PRINTING AND PUBLICATIO 599698 596018 3680 EQUIPMENT PURCHASES 238299 6384 231915 168999 2717 166282 148818775 135225058 10242825 3350892 23948028 18732027 70872647 71247922 3604769 3951304 658226 311054 28336260 13346240 74500 199500 686639 698640 128181069 108486687 4065147 2818395 25000 220423 0 7771119 7398529 12056689 10241924 X 10806786 3554883 96855356 89432212 8462238 5257668 116124380 98244763 128181069 108486687 X -16859392 -1379898 359673 X X 0 1 X 1 0 X 64067385 96210372 106300383 113846286 109791010 490215436 64067385 96210372 106300383 113846286 109791010 490215436 13919444 476295992 1168498 946896 791142 646228 466275 4019039 14910690 14907230 14735637 14952196 15077270 74583023 568817498 23199997 0.83730 0.84120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMIN FEE AND SUPPORT RUTGERS - 2011 AMOUNT: $ 14,362,751. 2012 AMOUNT: $ 14,222,682. 2013 AMOUNT: $ 14,086,514. 2014 AMOUNT: $ 14,560,472. 2015 AMOUNT: $ 14,575,886. OTHER INCOME - 2011 AMOUNT: $ 700. 2012 AMOUNT: $ 17,999. 2013 AMOUNT: $ 21,048. 2014 AMOUNT: $ 6,575. 2015 AMOUNT: $ 71. FUNDRAISING GAMING - 2011 AMOUNT: $ 547,239. 2012 AMOUNT: $ 666,549. 2013 AMOUNT: $ 628,075. 2014 AMOUNT: $ 385,149. 2015 AMOUNT: $ 501,313. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9191120 18481 17400 6888400 266 2303535 12660475 48304 17400 3500000 259 9191120 17077147 127484 17400 4500000 26756 12660475 16988002 179221 63368 26708 17077147 23976986 14895 430869 909269 6500000 25479 16988002 0.90110 0.09890 0 0 0 ANNUITIES PAYABLE 6986679 OTHER LIABILITIES 411850 7398529 132965673 -1379898 1839789 359673 819564 132146109 117261 -303987 -186726 131959383 150845290 1839789 303987 2143776 148701514 117261 117261 148818775 PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 359,673. PART XI, LINE 4B - OTHER ADJUSTMENTS: EVENT AND GAMING EXPENSES RECORDED AS EXPENSES ON FINANCIAL STATEMENTS -303,987. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT AND GAMING EXPENSES RECORDED AS EXPENSES ON FINANCIAL STATEMENTS 303,987. MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE F, PART I, LINE 3: IN THE BEGINNING OF THE YEAR THE ORGANIZATION HAD FOREIGN INVESTMENTS OF $385,000. THIS INVESTMENT HAS SUBSEQUENTLY BEEN DISPOSED DURING FISCAL YEAR 2016. X X X X X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 FUNDRAISING & CONSULTING 0 742021 1218358 -476337 GRIZZARD COMMUNICATIONS GROUP INC 229 PEACHTREE STREET NE SUITE 1400 ATLANTA GA 30303 MAIL FUNDRAISING/CONSULTING 0 168333 254846 -86513 ACF SOLUTIONS LLC SUNRISE VALLEY DRIVE SUITE 424 RESTON VA 201915301 FUNDRAISING CONSULTING 0 0 73228 -73228 BLACKBAUD INC 2000 DANIEL ISLAND DR CHARLESTON SC 29462 FUNDRAISING CONSULTING 0 0 42350 -42350 910354 1588782 -678428 AL AK AZ AR 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 PANCREATIC GOLF OUTING 58576 44102 14474 1610 12194 631 RUN FOR RAH 18476 7533 10943 610 1 24222 17952 6270 1308 2117 101274 69587 31687 1610 12194 1308 3358 18470 13217 469626 166571 118946 1 0.60000 469626 166571 118946 285517 184109 NJ 1 0 0 0 1.00000 CHRISTOPHER ZRALY 7 COLLEGE AVE WINANTS HALL NEW BRUNSWICK NJ 08901 0 CHRISTOPHER ZRALY X 0 SCHEDULE G, PART I: THE FOUNDATION WAS REIMBURSED BY RUTGERS UNIVERSITY FOR THE COSTS OF THE GRIZZARD COMMUNICATIONS, THEREFORE THE AMOUNT SHOWN ON FORM 990 PART IX LINE 11E DOEST NOT MATCH THE TOTAL AMOUNT PAID ON SCHEDULE G, PART I. 1 RUTGERS UNIVERSITY 65 DAVIDSON ROAD PISCATAWAY NJ 08854 226001086 170(B)(1)(A)(II) 120112376 EDUCATION-RELATED/ATHLETICS DOUGLASS ASSOCIATE ALUMNAE 191 RYDERS LANE NEW BRUNSWICK NJ 08901 221607270 501 (C) (3) 55409 EDUCATION-RELATED 2 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 1 1 X X X X 0 0 0 0 0 0 0 1 0 CHRISTOPHER P ZRALY ASSISTANT TREASURER 192143 0 0 0 935 0 15385 0 2032 0 210495 0 0 0 JOYCE HENDRICKS VICE PRESIDENT 245429 0 0 0 2111 0 20386 0 29399 0 297325 0 0 0 JULIE D CUMMINGS VICE PRESIDENT 196495 0 0 0 2788 0 15938 0 3869 0 219090 0 0 0 SUSAN C DOLBERT VICE PRESIDENT 337518 0 48960 0 3260 0 27549 0 26824 0 444111 0 0 0 DENISE GAVALA ASSOC. VICE PRESIDENT 189021 0 0 0 618 0 15338 0 10508 0 215485 0 0 0 DREW A KAIDEN ASSOCIATE VICE PRESIDENT 139103 0 0 0 255 0 12050 0 39150 0 190558 0 0 0 KURT J HINRICHSEN ASSOCIATE VICE PRESIDENT 173493 0 0 0 444 0 3538 0 8607 0 186082 0 0 0 MICHAEL J MARION ASSOCIATE VICE PRESIDENT 141225 0 0 0 1420 0 12029 0 36766 0 191440 0 0 0 ROBERT CONSTANT ASSOCIATE VICE PRESIDENT 180330 0 0 0 399 0 14686 0 11393 0 206808 0 0 0 PART I, LINE 1A TEN OF THE EMPLOYEES HAD ANNUAL DUES PAID FOR THE RUTGERS CLUB - $35 PER PERSON. THESE ANNUAL DUES WERE PAID IN ORDER TO ENTERTAIN DONORS AND PROVIDE A SOCIAL MEETING PLACE FOR CONVERSATIONS WITH UNIVERSITY PERSONNEL. PART I, LINE 7 THE AMOUNT INCLUDED IN PART II, COLUMN B(II) REPRESENT AN INCENTIVE COMPENSATION PAYMENT FOR ONE EMPLOYEE. X 14 1362806 FMV - APPRAISAL X 36709 FMV X 24004 FMV X 322 20646088 FMV X 1 390000 FMV - APPRAISAL X 2 214500 FMV - APPRAISAL X 8 255757 FMV X OTHER 34 312890 FMV 2 0 1 1 PART I, COLUMN (B): AMOUNTS ON PART I COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: FOR ANY NONCASH GIFTS THAT ARE GIVEN WITH THE INTENT TO SELL AND USE THE PROCEEDS, THIRD PARTY VENDORS MAY BE RETAINED TO LIQUIDATE NONCASH ITEMS VIA AUCTIONS OR SALES (REAL ESTATE, WORKS OF ART & SPECIALIZED COLLECTIONS FOR EXAMPLE). FORM 990, PART I, LINE 5 PART I LINE 5 INDICATES THE RUTGERS UNIVERSITY FOUNDATION EMPLOYED 211 INDIVIDUALS DURING CALENDAR YEAR 2015. THE FOUNDATION EMPLOYS APPROXIMATELY 197 FULL-TIME PROFESSIONAL FUNDRAISING STAFF MEMBERS. THE BALANCE ARE PRIMARILY PART-TIME PART TIME EMPLOYEES. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THESE EXPENSES THROUGH THE MANAGEMENT FEE AS SHOWN ON PART IX. FORM 990, PART VI, SECTION B, LINE 11 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 COMMITTEE FOR THEIR REVIEW AND APPROVAL ON BEHALF OF THE FULL BOARD. THE FULL BOARD OF OVERSEERS 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 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 COMMITTEE CHAIR WOULD REVIEW THE UPDATED CHANGE. ALL DISCLOSURE FORMS ARE AVAILABLE TO MEMBERS OF THE BOARD OF OVERSEERS 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. 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 VI, LINE 17, LIST OF STATES RECEIVING COPY OF FORM 990: OK, OR, SC, WA, WV, WI, ME, NH FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY 359,673. FORM 990, PART XII, LINE 2C THE RUTGERS UNIVERSITY FOUNDATION HAS AN AUDIT COMMITTEE OF THE BOARD OF OVERSEERS. 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 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.