2026-04-03T06:00:07-05:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2024-07-01 226017209 MONTCLAIR STATE UNIVERSITY FOUNDATION INC MONT 9736554344 ONE NORMAL AVE COLLEGE HALL 300 MONTCLAIR NJ 07043 SHIN K MOON AVP - FINANCE 9736554344 2026-04-01 1 1 LAURA KIELCZEWSKI P00740769 2122970400 2026-03-31 2024 2025-03-06 01:10:19Z SHIN K MOON ONE NORMAL AVE COLLEGE HALL 300 MONTCLAIR NJ 07043 47300133 0 X WWW.MONTCLAIR.EDU/GIVING/FOUNDATION/ X 1960 NJ TO PROVIDE FINANCIALLY FOR THE EDUCATIONAL NEEDS & OTHER PROGRAM SUPPORT OF MONTCLAIR STATE UNIV. 25 25 0 50 0 0 12320929 30972116 0 0 2501282 4614761 -13617 1667 14808594 35588544 7170085 11717271 0 0 0 0 0 0 284947 1849032 2894937 9019117 14612208 5789477 20976336 135561646 168171154 3467249 4993611 132094397 163177543 X THE MONTCLAIR STATE UNIVERSITY FOUNDATION ("THE FOUNDATION") WAS ESTABLISHED TO ENCOURAGE AND SUPPORT THE GROWTH AND DEVELOPMENT OF MONTCLAIR STATE UNIVERSITY THROUGH FUNDRAISING ACTIVITIES THAT HELP FURTHER THE EDUCATIONAL, EXPERIENTIAL, AND CULTURAL INFLUENCE OF THE UNIVERSITY FOR ITS STUDENTS, FACULTY, AND STAFF. FUNDS RAISED ARE USED PRIMARILY FOR SCHOLARSHIP SUPPORT, PROGRAMMATIC INITIATIVES THAT ESTABLISH AND/OR FUND CENTERS FOR ACADEMIC RESEARCH AND STUDY, AND SUPPORT FOR THE MAINTENANCE AND REPAIR OF ACADEMIC FACILITIES. 0 0 7599780 7414404 MONTCLAIR STATE UNIVERSITY SUSTAINS IT REPUTATION FOR EXCELLENCE IN PART BY PROVIDING EXCEPTIONAL CURRICULAR AND PROGRAMMATIC ACTIVITIES WHICH FOSTER A HIGH QUALITY LEARNING ENVIRONMENT. THE FOUNDATION PROVIDES NEEDED SUPPORT TO COLLEGES/SCHOOLS ON THE UNIVERSITY CAMPUS TOWARDS THIS ENDEAVOR, AUGMENTING STATE BUDGETED FUNDS WITH ADDITIONAL FUNDING FOR ENHANCED COURSE CURRICULUM, THE OPERATIONS OF INSTITUTES WHICH FURTHER LEARNING, AND OTHER ESSENTIAL NEEDS. FUNDING IS RECEIVED FROM INDIVIDUALS, CORPORATIONS, PRIVATE FOUNDATION AND OTHER SOURCES. THE FOUNDATION MANAGES OVER 600 FUNDS WHICH HAVE BEEN CREATED BASED ON DONOR RESTRICTIONS TOWARDS THESE PURPOSES. FUNDS MAY BE TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED (ENDOWED) BASED ON DONOR INTENT. FOUNDATION SUPPORT OFTEN SERVES AS THE SOLE SOURCE OF FUNDING IN ORDER TO SUSTAIN THESE VITAL INITIATIVES. 4302867 4302867 THE FOUNDATION MANAGES IN EXCESS OF 250 FUNDS ESTABLISHED TO AWARD SCHOLARSHIPS FOR THE STUDENT POPULATION OF MONTCLAIR STATE UNIVERSITY. SCHOLARSHIP FUNDS ARE AVAILABLE TO STUDENTS BASED ON NEED OR MERIT. ADDITIONALLY, SUCH FUNDS PERMIT THE AWARD TO STUDENTS AT THE ADMISSIONS LEVEL AND/OR ARE RESTRICTED TO A SPECIFIC COLLEGE/SCHOOL, DEPARTMENT, MAJOR OR OTHER DEFINED CRITERIA. FUNDING TOWARDS SCHOLARSHIPS IS GENERATED FROM INDIVIDUALS, CORPORATIONS, PRIVATE FOUNDATIONS, EVENTS AND OTHER SOURCES. FUNDS MAY BE TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED (ENDOWED) BASED ON DONOR INTENT. THE FOUNDATION, IN SERVING THE NEEDS OF MONTCLAIR STATE UNIVERSITY, ACKNOWLEDGES THAT ONE OF THE TOP PRIORITIES FOR FUNDRAISING STEMS FROM THE NEED TO MEET THE CHALLENGES REGARDING THE COST OF EDUCATION FOR TODAY'S STUDENTS. THE FOUNDATION FOCUSES ON BOTH SHORT-TERM AND LONG-TERM NEEDS, FACTORING INCREASING STUDENT ENROLLMENT, THE ECONOMY, STATE FUNDING TO THE UNIVERSITY, AND LONG RANGE GROWTH PLANS OF THE UNIVERSITY AMONG OTHER FACTORS. SCHOLARSHIP AWARDS CONTINUE TO INCREASE AND FOR FISCAL 2025 IN EXCESS OF 1,500 AWARDS WERE MADE TO BOTH NEED AND MERIT BASED STUDENTS. 137738 THE FOUNDATION MANAGES AN ANNUAL EVENT WHICH IS DESIGNED TO INCREASE DONOR CONNECTIVITY, AWARENESS OF THE NEEDS OF THE UNIVERSITY AND THE FOUNDATION, AND TO FULFILL THE MISSION OF ACADEMIC EXCELLENCE. THE EVENT ENABLES THE FOUNDATION TO PROVIDE RESOURCES FOR MUCH NEEDED SUPPORT TO UNIVERSITY STUDENT ATHLETES AS THEY BALANCE THEIR ATHLETIC COMMITMENTS WITH EDUCATIONAL PRIORITIES. FOR FISCAL 2025 THE NET PROCEEDS OF THE GOLF OUTING WERE USED IN CONTINUED SUPPORT OF VIRTUAL BROADCASTING CAPABILITIES FOR ALL SPORTING EVENTS IN A SOCIAL MEDIA ENVIRONMENT. 12040385 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 22 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ NY CA X X SHIN K MOON 9736554344 ONE NORMAL AVE COLLEGE HALL 300 MONTCLAIR NJ 07043 ANGELO J GENOVA TRUSTEE 1.00 X 0 0 0 ANTHONY CARLINO VICE CHAIR TO CHAIR (EFF. 06/25) 1.00 X X 0 0 0 BETH GOTTUNG TRUSTEE 1.00 X 0 0 0 CYNTHIA WATSON TRUSTEE TO TREASURER (EFF. 06/25) 1.00 X X 0 0 0 DAVE WERTHEIM TRUSTEE TO SECRETARY (EFF. 06/25) 1.00 X X 0 0 0 DAVID TRUBATCH TRUSTEE 1.00 X 0 0 0 DENISE ROVER TRUSTEE 1.00 X 0 0 0 DENNIS BONE TRUSTEE 1.00 X 0 0 0 GREG SHANAPHY TRUSTEE 1.00 X 0 0 0 GREGORY COLLINS CHAIR TO TRUSTEE (EFF. 6/25) 1.00 X X 0 0 0 HAROLD BRYANT TRUSTEE 1.00 X 0 0 0 JAMES MERLI TRUSTEE 1.00 X 0 0 0 JEFFREY L JOHNSON TRUSTEE 1.00 X 0 0 0 JONATHAN KOPPELL TRUSTEE 1.00 X 0 0 0 JUDITH A SCHUMACHERTILTON TRUSTEE 1.00 X 0 0 0 KEITH ANSBACHER TRUSTEE 1.00 X 0 0 0 KENT SLUYTER TRUSTEE 1.00 X 0 0 0 KEVIN BRADLEY TRUSTEE 1.00 X 0 0 0 LESTER TAYLOR TRUSTEE 1.00 X 0 0 0 PENELOPE VANCE SECRETARY TO VICE CHAIR (EFF. 06/25) 1.00 X X 0 0 0 RITA WALTERS TRUSTEE 1.00 X 0 0 0 ROBERT GREGORY TRUSTEE 1.00 X 0 0 0 ROBERT IACULLO TREASURER (UNTIL 06/25) 1.00 X X 0 0 0 ROBERT J LIEBERMAN TRUSTEE 1.00 X 0 0 0 SHANNON BELLUM TRUSTEE 1.00 X 0 0 0 STEVEN RESNICK TRUSTEE 1.00 X 0 0 0 SHIN K MOON AVP - FINANCE 30.00 X 138170 0 14621 138170 0 14621 1 0 1 1 GOLDMAN SACHS 200 WEST STREET NEW YORK NY 10282 INVESTMENT ADVISORY 542001 1 70915 30901201 83767 30972116 2926255 2926255 13339492 11650986 1688506 1688506 1688506 62270 70915 60603 1667 1667 35588544 0 0 4616428 11717271 11717271 10418 10418 86000 86000 542001 542001 2284 2284 36523 36523 241603 241603 28925 28925 22082 2026 20056 PURCHASED SERVICES 806154 806154 BAD DEBTS 406245 406245 DEVELOPMENT SUPPORT 284947 284947 FOOD/EVENT MEALS 65676 65676 362079 226487 135592 14612208 12040385 2286876 284947 30409 50859 5338001 4916863 7876589 8373880 17400 69337 91427314 119540397 30440043 34944425 431890 275393 135561646 168171154 3467249 4993611 3467249 4993611 X 21887879 30056123 110206518 133121420 132094397 163177543 135561646 168171154 X 20976336 10200753 -93943 X 0 1 X 1 0 X 9694438 9633647 11745595 12320929 30972116 74366725 22400 22400 22400 22400 22400 112000 9716838 9656047 11767995 12343329 30994516 74478725 11743830 62734895 2558577 3253403 2956423 2363698 2926255 14058356 11470 4220 33109 1667 50466 88587547 0.70820 0.62640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X SEE SCHEDULE D PART XIII. 0 100130366 20095032 9522335 3045061 126702672 89541993 6785443 6545936 2743005 100130367 87064168 1197225 3828862 2548263 89541992 82445211 3576148 3292169 2249360 87064168 81122946 3427335 3002921 5107991 82445211 0.06341 0.57736 0.35923 0 0 0 ALTERNATIVE INVESTMENTS 28450936 F PRIVATE EQUITY REAL ESTATE 408393 F TACTICAL TILT FUND 6085096 F 34944425 X 48146734 10200753 2932778 60603 13194134 34952600 542001 93943 635944 35588544 17063588 2932778 60603 2993381 14070207 542001 542001 14612208 PART III, LINE 4: WILSON ART IS HELD FOR SCHOLARLY RESEARCH BY UNIVERSITY STUDENTS ENROLLED IN THE COLLEGE OF THE ARTS, WITH AN ADDITIONAL INTENT TO PRESERVE PIECES FOR STUDY BY FUTURE GENERATIONS. THE WILSON ARTWORK IS CONSIDERED AN EXAMPLE OF ABSTRACT EXPRESSIONISM IN THE POSTWORLD WAR II ERA, PROVIDING A DEPTH OF ART FROM A NEW JERSEY-BASED ARTIST WITH ROOTS IN NEW YORK CITY. THIS ART FURTHERS THE MISSION OF THE FOUNDATION AS IT SUPPORTS THE EXPERIENTIAL LEARNING ENVIRONMENT FOR MONTCLAIR STATE UNIVERSITY STUDENTS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND OTHER GRANTS IN COMPLIANCE WITH THE DONOR PROVISIONS. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE TO THE FINANCIAL STATEMENTS. THE FOUNDATION'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2022 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, THE FOUNDATION WILL RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST OR PENALTIES PAID FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 60,603. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS, SPLIT-INTEREST AGREEMENTS AND BENEFICIAL INTEREST IN LIFE INSURANCE. 93,943. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 60,603. FORM 990 SCHEDULE D, PART III, LINE 3E: THE FOUNDATION GENERALLY ACCEPTS GIFTS OF ART AND SIMILAR NON-CASH CONTRIBUTIONS THAT SUPPORT THE MISSION OF MONTCLAIR STATE UNIVERSITY BY PROVIDING ACCESS TO RESOURCES THAT ENHANCE THE EDUCATIONAL EXPERIENCE OF ITS STUDENTS, INCLUDING SCHOLARLY RESEARCH AND EXPERIENTIAL LEARNING. THESE GIFTS, DESIGNATED FOR EDUCATIONAL PURPOSES BY THE COLLEGE OF THE ARTS AT MONTCLAIR STATE UNIVERSITY, ALLOW STUDENTS TO STUDY VARIOUS GENRES, STYLES, AND THE HISTORY OF ART, ENRICHING THE CURRICULUM. ADDITIONALLY, THEY PROVIDE HANDS-ON EXPERIENCE IN RESEARCH, RESTORATION, AND THE MANAGEMENT OF SIGNIFICANT WORKS OF ART. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 13217046 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 15233891 0 0 0 0 0 0 28450937 0 28450937 0 0 1 0 0 0 RED HAWK OPEN 133185 70915 62270 60603 133185 70915 62270 60603 60603 1667 1 MONTCLAIR STATE UNIVERSITY 1 NORMAL AVENUE MONTCLAIR NJ 07043 222912682 501(C)(3) 11717271 0 GRANTS TO SUPPORT UNIVERSITY EDUCATIONAL ASSISTANCE & PROGRAMS 1 PART I, LINE 2: THE FOUNDATION RELIES ON MONTCLAIR STATE UNIVERSITY FOR THE SELECTION OF GRANTEES AND THE ESTABLISHMENT OF CRITERIA FOR AWARDING GRANTS. THE UNIVERSITY MONITORS THE USE OF GRANT PROCEEDS AND ENSURES COMPLIANCE WITH THE GRANT AWARD TERMS. 0 0 0 0 0 0 0 0 0 SHIN K MOON AVP - FINANCE 131994 0 0 0 6176 0 0 0 14621 0 152791 0 0 0 FORM 990, PART VII SECTION A, LINE 5: THE INDIVIDUAL LISTED IN PART VII IS AN EMPLOYEE OF MONTCLAIR STATE UNIVERSITY, AN UNRELATED ORGANIZATION. SHIN MOON SERVES AS THE ASSOCIATE VICE PRESIDENT OF FINANCE FOR THE FILING ORGANIZATION. X 650 FMV X 2 2935 FMV X AUCTION ITEMS 9 80182 FMV 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE AMOUNT OF CONTRIBUTORS IN SCHEDULE M, PART I, COLUMN B. PART I, LINE 32B: THE FOUNDATION WORKS WITH 2 ART GALLERIES FOR THE SALE OF ART HELD FOR RESALE, OPERATING ON A CONSIGNED BASIS FOR AN EQUAL SHARE OF PROCEEDS REALIZED. FORM 990, PART VI, SECTION B, LINE 11B MONTCLAIR STATE UNIVERSITY 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, THE AVP FINANCE AND THE AUDIT COMMITTEE REVIEW FORM 990 FOR ACCURACY AND COMPLETENESS. THE FORM 990 IS THEN DISTRIBUTED BY HARD COPY TO THE BOARD MEMBERS FOR FINAL REVIEW AND APPROVAL. ONCE AGREED, THE FORMS ARE SIGNED BY APPROPRIATE OFFICERS AND ELECTRONICALLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONTCLAIR STATE UNIVERSITY FOUNDATION, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY THAT APPLIES TO THE BOARD OF TRUSTEES, AS WELL AS THE EXECUTIVE DIRECTOR. THE BOARD OF TRUSTEES, WITH THE ASSISTANCE OF THE FOUNDATION COUNSEL, REVIEWS ANNUALLY THE REQUIREMENT AND PROCEDURES PROVIDED IN THE CONFLICT OF INTEREST AND RECUSAL PROCEDURES. EACH TRUSTEE MUST ANNUALLY SIGN A FORM INDICATING THE DATE THE CODE OF ETHICS WAS RECEIVED AND ACKNOWLEDGING THAT HE/SHE IS RESPONSIBLE FOR READING THE CODE AND IS BOUND BY IT. IN ACCORDANCE WITH THE POLICY, A TRUSTEE MUST DISCLOSE ANY POTENTIAL CONFLICT AND RECUSE HIM/HERSELF FROM A MATTER THAT HE/SHE HAS A CONFLICT WITH. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE TRUSTEE MUST CONSULT WITH THE CHAIR, WHO MAY REQUEST A WRITTEN OPINION FROM THE FOUNDATION COUNSEL ON WHETHER A CONFLICT OF INTEREST EXISTS UNDER THIS POLICY. IF THE EXISTENCE OF THE CONFLICT INVOLVES THE CHAIR, THE CHAIR MUST CONSULT WITH THE VICE CHAIR. A TRUSTEE WITH A POSSIBLE CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE DELIBERATION OR VOTE OF INTEREST. A TRUSTEE WHO DECLARES OR HAS BEEN FOUND TO HAVE A CONFLICT OF INTEREST SHALL BE ABSENT FROM ANY DELIBERATIONS OR VOTE ON THE MATTER DETERMINED TO BE A CONFLICT, AND THE TRUSTEE SHALL NOT TAKE ANY ACTION TO INFLUENCE THE OUTCOME OF THE MATTER. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON MONTCLAIR STATE UNIVERSITY'S WEBSITE AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS, SPLIT-INTEREST AGREEMENTS AND BENEFICIAL INTEREST IN LIFE INSURANCE. -93,943. RED HAWK FUND LLC 1 NORMAL AVENUE MONTCLAIR NJ 07043 824863554 STUDENT INVESTMENT FUND NJ 29542 740581 MONTCLAIR STATE UNIVERSITY FOUNDATION