2016-02-03T13:59:02-06:00 2015-06-30 271728945 PKF O'CONNOR DAVIES LLP 15 ESSEX RD PARAMUS NJ 076521412 990 2014-07-01 223160107 WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION INC WILL 9737202091 300 POMPTON ROAD WAYNE NJ 07470 PAMELA L FERGUSON PRESIDENT 9737202425 2016-02-03 1 JOSEPH N RUSSELL P00168046 2017129800 2014 2016-04-25 22:37:26Z PAMELA L FERGUSON 300 POMPTON ROAD WAYNE NJ 07470 9500003 0 X WWW.WPUNJ.EDU/GIVING X 1992 NJ SEE SCHEDULE O. 24 21 0 24 0 0 4289576 3364022 0 0 1111507 1249034 14118 4179 5415201 4617235 1782043 1926387 0 0 0 0 0 0 140736 753078 436262 2535121 2362649 2880080 2254586 21608202 23294370 943344 834341 20664858 22460029 X THE MISSION OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. IS DEDICATED TO SECURE PHILANTHROPIC FUNDING THROUGH THE IDENTIFICATION AND PURSUIT OF PRIVATE GIFTS, GRANTS AND ENDOWMENTS. THE FOUNDATION WILL BE THE STEWARD OF THESE FUNDS. IN SO DOING, THIS EFFORT WILL HELP POSITION WILLIAM PATERSON UNIVERSITY AS A PREEMINENT PUBLIC INSTITUTION OF HIGHER LEARNING IN NEW JERSEY. SUCCESS IN PART, WILL BE RECOGNIZED AS THE UNIVERSITY'S POSITION AMONG THE ACADEMIC AND BUSINESS COMMUNITY ADVANCES. THE FOUNDATION IS ALSO DEDICATED TO PROVIDE THE HIGHEST LEVEL OF CUSTOMER SERVICE TO OUR DONORS, MEMBERS OF THE UNIVERSITY COMMUNITY AND OTHER CONSTITUENT GROUPS. 0 0 683633 609079 SUPPORT THE UNIVERSITY'S SCHOLARSHIP PROGRAM. THE FOUNDATION RAISES FUNDS IN ORDER TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS IN PAYING THEIR TUITION, DOES NOT REQUIRE REPAYMENT OR A WORK OBLIGATION. THESE SCHOLARSHIPS CAN BE AWARDED TO ENROLLED WILLIAM PATERSON UNIVERSITY STUDENTS WHO DEMONSTRATE ACADEMIC PROFICIENCY, AND/OR FINANCIAL NEED. THE AWARDING OF SCHOLARSHIPS POSITIVELY IMPACTS STUDENTS, PROVIDING CRITICAL FINANCIAL ASSISTANCE AND ENCOURAGEMENT NEEDED TO CONTINUE THEIR EDUCATION. 1353677 1299293 PROVIDE SUPPORT TO THE UNIVERSITY'S ACADEMIC AND ATHLETIC PROGRAMS AS WELL AS RAISE FUNDS FOR FACILITY ENHANCEMENT (CAPITAL CAMPAIGNS). THE UNIVERSITY OFFERS A WIDE RANGE OF INNOVATIVE ACADEMIC PROGRAMS INCLUDING SEVERAL THAT PROVIDE DONORS WITH AN OUTSTANDING OPPORTUNITY TO MAKE A SPECIAL IMPACT THROUGH THEIR SUPPORT. EXAMPLES OF THESE PROGRAMS ARE AS FOLLOWS: RUSS BERRIE INSTITUTE FOR PROFESSIONAL SALES, THE CENTER FOR CHINESE ART, COMMUNITY FINANCIAL LITERACY PROGRAM, ADVANCE MUSIC STUDIES AND PERFORMANCE, PROFESSORS IN RESIDENCE, SUMMER JAZZ PROGRAM, LIVING JAZZ ARCHIVES, INSTITUTE OF TEACHING & LEARNING, NJ NATIONAL HISTORY DAY, TEACHING THROUGH MONARCHS, MATH & SCIENCE PROGRAMS, PESCE MENTORING INSTITUTE, ETC. 16365 15365 THE FOUNDATION ASSISTS THE UNIVERSITY IN PROVIDING CULTURAL EVENTS; EXAMPLES INCLUDE THE LATIN AMERICAN LECTURE SERIES AND THE ANNUAL THOMAS JEFFERSON LECTURE. 23626 2650 CAPITAL PROJECTS 23626 2650 2077301 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 20 0 0 0 0 0 0 0 1 1 0 0 0 0 X 24 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ AK AR ME MD MI MN NH NY OH OK UT WA WI X X YVETTE VIERA VILLANUEVA 9737203221 300 POMPTON ROAD WAYNE NJ 07470 AARON VAN DUYNE III CHAIRPERSON 0.50 X X 0 0 0 LINDA NIRO TREASURER 0.50 X X 0 0 0 SAMUEL DEDIO RESIGNED 72014 SECRETARY 0.50 X X 0 0 0 JEAN AIRES BOARD MEMBER 0.50 X 0 0 0 STEPHEN BOLYAI BOARD MEMBER 0.50 34.50 X 0 247624 36028 LINDA BOWDEN BOARD MEMBER 0.50 X 0 0 0 CATHY CALLAGEE RESIGNED 62015 BOARD MEMBER 0.50 X 0 0 0 RAFAEL CUELLAR BOARD MEMBER 0.50 X 0 0 0 BOB DEVINE BOARD MEMBER 0.50 X 0 0 0 JOSEPH J DOURESS BOARD MEMBER 0.50 X 0 0 0 WILLIAM DUFFY BOARD MEMBER 0.50 34.50 X 0 133633 19830 RUSSELL FISHKIND BOARD MEMBER 0.50 X 0 0 0 MICHAEL FITZGERALD BOARD MEMBER 0.50 X 0 0 0 ALLAN GORAB BOARD MEMBER 0.50 X 0 0 0 FREDERICK GRUEL BOARD MEMBER 0.50 X 0 0 0 CHERYL HARDT BOARD MEMBER 0.50 X 0 0 0 RUSSELL HAWKINS SECRETARY 0.50 X X 0 0 0 LES HIRSCH BOARD MEMBER 0.50 X 0 0 0 AMY IBRAHIMAJ BOARD MEMBER 0.50 X 0 0 0 CONSTANTINE LENAS BOARD MEMBER 0.50 X 0 0 0 ALLEN MAGRINI VICE CHAIRPERSON 0.50 X X 0 0 0 JAMES NALL BOARD MEMBER 0.50 X 0 0 0 BRAD NEILLEY RESIGNED 72014 BOARD MEMBER 0.50 X 0 0 0 CRAIG ROTHENBERG BOARD MEMBER 0.50 X 0 0 0 MICHAEL A SEEVE BOARD MEMBER 0.50 X 0 0 0 ROBERT VANLANGEN BOARD MEMBER 0.50 X 0 0 0 KATHLEEN WALDRON BOARD MEMBER 0.50 34.50 X 0 458076 20847 PAMELA L FERGUSON PRESIDENT (NON-VOTING) 14.00 21.00 X 0 181200 30414 0 1020533 107119 0 0 1 0 GOLDMAN SACHS & CO 1735 MARKET ST PHILADELPHIA PA 19103 INVESTMENT MANAGEMENT FEES 116979 1 307760 3056262 268525 3364022 376556 376556 5623365 4750887 872478 872478 872478 109099 307760 131881 -22782 -22782 OTHER REVENUE 900099 26961 26961 26961 4617235 0 0 1253213 1917035 1917035 9352 9352 9900 9900 117676 117676 32776 17132 1824 13820 4650 4650 38213 33423 3832 958 34895 29640 4205 1050 1870 1870 6024 719 5305 ALLOCATED SALARIES & BE 120258 120258 BAD DEBT EXPENSE 70000 70000 2362649 2077301 144612 140736 4998 4998 4601198 4109689 1646294 2184714 5845 1985 15301931 16932111 47936 60873 21608202 23294370 229616 34888 9906 91095 5900 14100 697922 694258 943344 834341 X 3768222 3937085 8301826 9570282 8594810 8952662 20664858 22460029 21608202 23294370 2254586 -459415 0 X X 0 1 X 1 0 X 2189035 3619233 3170850 4289576 3364022 16632716 2189035 3619233 3170850 4289576 3364022 16632716 2364679 14268037 258855 311773 328146 352194 376556 1627524 34893 20938 64315 22623 26961 169730 18429970 94865 0.77420 0.79600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11677591 516207 452600 411920 12234478 8608583 1888106 1348710 167808 11677591 6610796 1368311 853086 223610 8608583 6494654 303879 5766 193503 6610796 5553745 464861 947301 137139 6828768 0.18660 0.71510 0.09830 0 0 0 REFUNDABLE ADVANCE 350000 ANNUITIES PAYABLE 344258 694258 X 5274854 -459415 1102829 131881 775295 4499559 117676 117676 4617235 3479683 1102829 131881 1234710 2244973 117676 117676 2362649 PART V, LINE 4: THE FOUNDATION CURRENTLY MAINTAINS VARIOUS DONOR-RESTRICTED AND BOARD-DESIGNATED ENDOWMENT FUNDS WHOSE PURPOSES ARE TO PROVIDE LONG TERM SUPPORT FOR THE PROGRAMS OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES NETTED AGAINST REVENUE 131,881. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES NETTED AGAINST REVENUE 131,881. LEGACY DINNER 315409 253375 62034 51331 3875 28681 GOLF OUTING 88250 47670 40580 790 2900 31390 950 5490 1 13200 6715 6485 5718 756 416859 307760 109099 790 2900 37108 52281 3875 34927 131881 -22782 1 WILLIAM PATERSON UNIVERSITY OF NEW JERSEY 300 POMPTON ROAD WAYNE NJ 07470 222781603 170(C)(1) 1626960 286325 FMV, APPRAISALS ART WORK, LIBRARY MATERIALS, PHOTO COLLECTIONS PROVIDE RESOURCES TO THE UNIVERSITY FOR EDUCATIONAL PURPOSES 1 STUDENT AWARDS 25 8425 927 PURCHASE PRICE EDUCATIONAL EQUIPMENT PART I, LINE 2: THE FOUNDATION GIVES GRANTS AND ASSISTANCE TO THE UNIVERSITY THAT PROVIDES ADDITIONAL RESOURCES TO FURTHER THE UNIVERSITY'S MISSION FOR EDUCATIONAL EXCELLENCE. THE FOUNDATION MAINTAINS DETAILED RECORDS WHICH SUBSTANTIATE THE EXPENDITURES OF THE FOUNDATION. ALSO, MANAGEMENT OF THE FOUNDATION INTERACTS EXTENSIVELY WITH THE UNIVERSITY TO MONITOR THE USE OF THESE FUNDS. 0 0 0 0 0 0 0 0 0 STEPHEN BOLYAI BOARD MEMBER 0 237943 0 0 0 9681 0 11280 0 24748 0 283652 0 0 WILLIAM DUFFY BOARD MEMBER 0 127527 0 0 0 6106 0 10263 0 9567 0 153463 0 0 KATHLEEN WALDRON BOARD MEMBER 0 312488 0 0 0 145588 0 11280 0 9567 0 478923 0 0 PAMELA L FERGUSON PRESIDENT (NON-VOTING) 0 178059 0 0 0 3141 0 11280 0 19134 0 211614 0 0 PART I, LINE 3 SALARIES ARE INITIALLY ESTABLISHED BY DOING A COMPARATIVE ANALYSIS OF SIMILAR POSITIONS IN THE MARKETPLACE. ON AN ANNUAL BASIS SALARY ADJUSTMENTS ARE BASED ON THE INCUMBENT MEETING SPECIFIC GOALS MUTUALLY AGREED UPON WITH THE PRESIDENT OF THE UNIVERSITY AND WITHIN A PREDETERMINED RANGE SET FOR ALL HIGHER EDUCATION MANAGERS EMPLOYED BY THE UNIVERSITY. X 3 215525 VALUED BY DONOR X 33500 VALUED BY DONOR X ANTIQUES 1 19000 VALUED BY DONOR X EVENT TICKETS 1 500 FMV 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART 1, COLUMN (B) OF SCHEDULE M. FORM 990 PART I, LINE 1: ONE OF THE WILLIAM PATERSON UNIVERSITY FOUNDATION'S GOALS IS TO INCREASE SUPPORT FOR STUDENT SCHOLARSHIPS THROUGH THE GENEROSITY OF DONORS. THE AWARDING OF SCHOLARSHIPS POSITIVELY IMPACTS STUDENTS, PROVIDING CRITICAL FINANCIAL ASSISTANCE AND ENCOURAGEMENT NEEDED TO CONTINUE THEIR EDUCATION. ANOTHER GOAL OF THE FOUNDATION IS TO INCREASE FUNDING FOR ACADEMIC SUPPORT AND STUDENT DEVELOPMENT. THIS ENABLES THE UNIVERSITY TO PROVIDE OUTSTANDING PROGRAMS AND UNIQUE OPPORTUNITIES BOTH INSIDE AND OUTSIDE THE CLASSROOM, AS WELL AS STUDENT DEVELOPMENT INITIATIVES THAT ENHANCE STUDENT SUCCESS. THE FUND FOR WP IS THE FOUNDATION'S ANNUAL GIVING PROGRAM THROUGH WHICH FRIENDS AND ALUMNI CAN MAKE UNRESTRICTED GIFTS TO THE UNIVERSITY. THESE DONATIONS HELP TO FUND STUDY ABROAD ACTIVITIES, FACULTY-STUDENT RESEARCH, TRAVEL TO NATIONAL CONFERENCES AND COMPETITIONS, CULTURAL EVENTS AND SO MUCH MORE. THROUGHOUT THE YEAR, THE FOUNDATION SPONSORS SIGNIFICANT FUNDRAISING EVENTS TO BENEFIT WILLIAM PATERSON UNIVERSITY AND STRENGTHEN RELATIONSHIPS WITH DONORS AND FRIENDS. FORM 990, PART VI, SECTION B, LINE 11 THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED ELECTRONICALLY TO MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE COMPLIANCE OFFICER OR COMMITTEE IN CHARGE OF FILING THE RETURN FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND BE REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY MAKING IT AVAILABLE ON GUIDESTAR.ORG AND SIMILAR TYPES OF WEBSITES. IN ADDITION FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT 300 POMPTON ROAD, WAYNE, NJ 07470 OR BY CALLING THE ORGANIZATION DIRECTLY AT 973-720-2615. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE MONITORS THE FINANCIAL ACCOUNTING AND REPORTING SYSTEMS AND INTERNAL CONTROLS APPLICABLE TO FINANCIAL REPORTING AND COMPLIANCE WITH TAX REGULATIONS. IT APPOINTS THE INDEPENDENT AUDITORS THAT CONDUCT THE ANNUAL AUDIT OF FINANCIAL STATEMENTS IN ACCORDANCE WITH GENERALLY ACCEPTED AUDITING STANDARDS. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR REVIEWING THE 990 FORM. THIS PROCESS HAS NOT CHANGED FROM THE PROCESS FOLLOWED IN THE PRIOR TAX YEAR. SCHEDULE M, PART I, LINE 1: ARTWORK DONATED TO THE FOUNDATION IS CONTRIBUTED TO THE UNIVERSITY. WILLIAM PATERSON UNIVERSITY OF NEW JERSEY 300 POMPTON ROAD WAYNE NJ 07470 222781603 STATE UNIVERSITY NJ 170(C)(1) LINE 5 N/A 0 WILLIAM PATERSON UNIVERSITY OF NEW JERSEY ALUMNI ASSOCIATION 300 POMPTON ROAD WAYNE NJ 07470 237117036 ALUMNI ASSOCIATION NJ 501(C)(3) 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0