Independent Colleges & Universities Of New Jersey A Nj Np Corp

Organization Overview

Independent Colleges & Universities Of New Jersey A Nj Np Corp is located in Trenton, NJ. The organization was established in 1955. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Colleges & Universities Of New Jersey A NJ Np Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Independent Colleges & Universities Of New Jersey A NJ Np Corp generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Independent Colleges & Universities Of New Jersey A NJ Np Corp has awarded 104 individual grants totaling $5,426,244. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

INDEPENDENT COLLEGE FUND OF NEW JERSEY RAISES CORPORATE AND FOUNDATION PHILANTHROPIC SUPPORT AND DISTRIBUTES IT TO THE 14 MEMBER COLLEGES AND UNIVERSITIES. THESE FUNDS ASSIST THE MEMBER INSTITUTIONS IN ACHIEVING THEIR EDUCATIONAL MISSIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAM SERVICE EXPENSES REPRESENT COLLEGE SCHOLARSHIPS GIVEN TO STUDENTS ATTENDING ONE OF NEW JERSEY'S 14 ACCREDITED, INDEPENDENT, NON-PROFIT, FOUR-YEAR DEGREE GRANTING COLLEGES AND UNIVERSITIES IN THE STATE OF NEW JERSEY. GRANTS GIVEN TO THESE MEMBER INSTITUTIONS PROMOTE PROFESSIONAL PREPARATION, IMPLEMENT TECHNOLOGY INITIATIVES, INSURE FACULTY DEVELOPMENT, BUILD GLOBAL AWARENESS, PROMOTE COMMUNITY SERVICE AND ENCOURAGE LIFELONG LEARNING. FUNDING HELPS FULFILL THE GOAL OF EDUCATING STUDENTS WHO CONTRIBUTE TO THE ECONOMIC, SOCIAL, INTELLECTUAL, AND CULTURAL ASPIRATIONS OF NEW JERSEY AND SOCIETY. THE INDEPENDENT COLLEGES DIRECTLY IMPACT THE WORKFORCE PIPELINE IN THE STATE WITH OVER 55% OF ALL ICFNJ COLLEGE AND UNIVERSITY GRADUATES CONTINUING TO RESIDE HERE. IN 2020, INDEPENDENT COLLEGE FUND OF NEW JERSEY AWARDED 137 SCHOLARSHIPS AND 29 RESEARCH GRANTS AND 7 SPECIAL PROJECT GRANTS. STUDENTS WERE OFFERED OPPORTUNITIES TO CONNECT VIRTUALLY WITH LEAD EMPLOYERS THROUGH SPECIAL SESSIONS ON TOPICS RANGING FROM CAREER OPPORTUNITIES IN ACCOUNTING FIRMS FOR THE NON-ACCOUNTING GRADUATE TO PREPARING FOR THE VIRTUAL INTERVIEW. PROFESSIONAL PANEL MEMBERS WERE RECRUITED FROM ACROSS THE STATE TO JUDGE STUDENT DRIVEN RESEARCH FINDING PRESENTATIONS AS PART OF THE UNDERGRADUATE RESEARCH SYMPOSIUM. STUDENTS CAPITALIZED ON LITERARY RESEARCH TO CREATE MORE PRODUCTIVE LAB SESSIONS IN A HIGHLY RESTRICTED ACCESS ENVIRONMENT GIVEN CONCERNS ABOUT THE SPREAD OF COVID-19. A SERIES OF INFORMATIONAL SESSIONS WERE HELD TO ASSIST COLLEGES IN CLASSROOM, DORM AND BUILDING PREPARATION FOR THE RETURN OF STUDENTS, FACULTY AND STAFF ON CAMPUS FOLLOWING THE INITIAL PANDEMIC OUTBREAK.SCHOLARSHIP RECIPIENTS RECEIVED WELLNESS MESSAGES AND WERE OFFERED OPPORTUNITIES TO SHARE THEIR REMOTE LEARNING EXPERIENCES. THIS WAS OFFERED TO REDUCE THE SENSE OF ISOLATION FOR STUDENTS AND TO DEMONSTRATE THAT GROWTH OPPORTUNITIES BEYOND THE CLASSROOM CONTINUED TO EXIST DURING THE PANDEMIC. STUDENT SHOWED TREMENDOUS RESILIENCY IN DEVELOPING NEW SOCIAL AND LEARNING GROUPS, IDENTIFYING WAYS TO GIVE BACK ESPECIALLY AS IT RELATED TO FOOD INSECURITY. THE CREATIVITY AND INNOVATION WHICH HAS LONG BEEN A NEW JERSEY TRADEMARK WAS CLEAR AND EVIDENT IN THE STUDENTS WHO RESPONDED. SCHOLARSHIP RECIPIENTS WERE ABLE TO MAINTAIN THEIR PROGRESS TOWARD DEGREE COMPLETION WITH FEW EXCEPTIONS. ICFNJ BUILT AN EMERGENCY AID FUND BY UTILIZING THE SUPPORT NORMALLY GARNERED FOR EVENTS TO HELP STUDENTS FACING UNEXPECTED CRISES BROUGHT ON MY THE PANDEMIC, RESULTING ECONOMIC IMPACT OR HEALTH CONCERNS. THROUGH THE EMERGENCY AID FUND STUDENTS AND THEIR FAMILIES RECEIVED HELP ADDRESSING FOOD INSECURITY, HOUSING INSTABILITY AND MEDICAL NEEDS. THIS ONE TIME GIFT HELPED STUDENTS OVERCOME A FINANCIAL CHALLENGE THAT WAS A POTENTIAL BARRIER TO COLLEGE PERSISTENCE AND DEGREE COMPLETION.


PROGRAM SERVICE EXPENSES REPRESENT COLLEGE SCHOLARSHIPS GIVEN TO STUDENTS ATTENDING ONE OF NEW JERSEY'S 14 ACCREDITED, INDEPENDENT, NON-PROFIT, FOUR-YEAR DEGREE GRANTING COLLEGES AND UNIVERSITIES IN THE STATE OF NEW JERSEY. GRANTS GIVEN TO THESE MEMBER INSTITUTIONS PROMOTE PROFESSIONAL PREPARATION, IMPLEMENT TECHNOLOGY INITIATIVES, INSURE FACULTY DEVELOPMENT, BUILD GLOBAL AWARENESS, PROMOTE COMMUNITY SERVICE AND ENCOURAGE LIFELONG LEARNING. FUNDING HELPS FULFILL THE GOAL OF EDUCATING STUDENTS WHO CONTRIBUTE TO THE ECONOMIC, SOCIAL, INTELLECTUAL, AND CULTURAL ASPIRATIONS OF NEW JERSEY AND SOCIETY. THE INDEPENDENT COLLEGES DIRECTLY IMPACT THE WORKFORCE PIPELINE IN THE STATE WITH OVER 55% OF ALL ICFNJ COLLEGE AND UNIVERSITY GRADUATES CONTINUING TO RESIDE HERE. IN 2020, INDEPENDENT COLLEGE FUND OF NEW JERSEY AWARDED 137 SCHOLARSHIPS AND 29 RESEARCH GRANTS AND 7 SPECIAL PROJECT GRANTS. STUDENTS WERE OFFERED OPPORTUNITIES TO CONNECT VIRTUALLY WITH LEAD EMPLOYERS THROUGH SPECIAL SESSIONS ON TOPICS RANGING FROM CAREER OPPORTUNITIES IN ACCOUNTING FIRMS FOR THE NON-ACCOUNTING GRADUATE TO PREPARING FOR THE VIRTUAL INTERVIEW. PROFESSIONAL PANEL MEMBERS WERE RECRUITED FROM ACROSS THE STATE TO JUDGE STUDENT DRIVEN RESEARCH FINDING PRESENTATIONS AS PART OF THE UNDERGRADUATE RESEARCH SYMPOSIUM. STUDENTS CAPITALIZED ON LITERARY RESEARCH TO CREATE MORE PRODUCTIVE LAB SESSIONS IN A HIGHLY RESTRICTED ACCESS ENVIRONMENT GIVEN CONCERNS ABOUT THE SPREAD OF COVID-19. A SERIES OF INFORMATIONAL SESSIONS WERE HELD TO ASSIST COLLEGES IN CLASSROOM, DORM AND BUILDING PREPARATION FOR THE RETURN OF STUDENTS, FACULTY AND STAFF ON CAMPUS FOLLOWING THE INITIAL PANDEMIC OUTBREAK.SCHOLARSHIP RECIPIENTS RECEIVED WELLNESS MESSAGES AND WERE OFFERED OPPORTUNITIES TO SHARE THEIR REMOTE LEARNING EXPERIENCES. THIS WAS OFFERED TO REDUCE THE SENSE OF ISOLATION FOR STUDENTS AND TO DEMONSTRATE THAT GROWTH OPPORTUNITIES BEYOND THE CLASSROOM CONTINUED TO EXIST DURING THE PANDEMIC. STUDENT SHOWED TREMENDOUS RESILIENCY IN DEVELOPING NEW SOCIAL AND LEARNING GROUPS, IDENTIFYING WAYS TO GIVE BACK ESPECIALLY AS IT RELATED TO FOOD INSECURITY. THE CREATIVITY AND INNOVATION WHICH HAS LONG BEEN A NEW JERSEY TRADEMARK WAS CLEAR AND EVIDENT IN THE STUDENTS WHO RESPONDED. SCHOLARSHIP RECIPIENTS WERE ABLE TO MAINTAIN THEIR PROGRESS TOWARD DEGREE COMPLETION WITH FEW EXCEPTIONS. ICFNJ BUILT AN EMERGENCY AID FUND BY UTILIZING THE SUPPORT NORMALLY GARNERED FOR EVENTS TO HELP STUDENTS FACING UNEXPECTED CRISES BROUGHT ON MY THE PANDEMIC, RESULTING ECONOMIC IMPACT OR HEALTH CONCERNS. THROUGH THE EMERGENCY AID FUND STUDENTS AND THEIR FAMILIES RECEIVED HELP ADDRESSING FOOD INSECURITY, HOUSING INSTABILITY AND MEDICAL NEEDS. THIS ONE TIME GIFT HELPED STUDENTS OVERCOME A FINANCIAL CHALLENGE THAT WAS A POTENTIAL BARRIER TO COLLEGE PERSISTENCE AND DEGREE COMPLETION.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
John Drzymkowski
Chair
$0
Benedict Torcivia III
Vice Chair
$0
Christopher A Capuano PHD
Treasurer
$0
Gregory G Dell'omo PHD
Secretary
$0
Aaron Wilson
Trustee
$0
Alina Fayerman
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$812,379
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$797,022
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,609,401
Total Program Service Revenue$0
Investment income $35,032
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,296
Net Income from Fundraising Events $14,750
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,680,818

Grants Awarded

Over the last fiscal year, Independent Colleges & Universities Of New Jersey A Nj Np Corp has awarded $557,320 in support to 18 organizations.

Grant RecipientAmount

BLOOMFIELD COLLEGE

PURPOSE: FURTHERING EDUCATION AS AN EXEMPT PURPOSE

$6,000

SAINT PETER'S UNIVERSITY

PURPOSE: FURTHERING EDUCATION AS AN EXEMPT PURPOSE

$48,956

SETON HALL UNIVERSITY

PURPOSE: FURTHERING EDUCATION AS AN EXEMPT PURPOSE

$10,000

BLOOMFIELD COLLEGE

PURPOSE: FURTHERING EDUCATION AS AN EXEMPT PURPOSE

$40,497

CALDWELL UNIVERSITY

PURPOSE: FURTHERING EDUCATION AS AN EXEMPT PURPOSE

$40,182

CENTENARY UNIVERSITY

PURPOSE: FURTHERING EDUCATION AS AN EXEMPT PURPOSE

$11,700
View Grant Profile

Peer Organizations

Organization NameAssets
The Heckscher Foundation For Children
New York, NY
$9,664,353
Storehouse For Teachers
Pittsburgh, PA
$14,875,887
Say Yes Buffalo Scholarship Inc
Buffalo, NY
$16,266,147
Mccarton Foundation For Developmental Disabilities Inc
Bronx, NY
$11,841,937
Poughkeepsie Public School Teachers Asso Trust Fund
Poughkeepsie, NY
$13,187,351
Suny Impact Foundation Inc
New York, NY
$13,855,479
Meged Shomayim
Airmont, NY
$11,401,758
New Jersey Council Of County Colleges
Hamilton, NJ
$12,118,994
Rudolph Masciantonio Fnd
Pennington, NJ
$162,372
Vista Foundation
Hershey, PA
$13,109,260
Caroline & Joseph S Gruss Life Monument Funds Inc
Brooklyn, NY
$261,332
Friends Of@prospect Schools Ny Inc
Brooklyn, NY
$8,522,248
National Center For Hebrew Language Charter School Excellence
New York, NY
$7,861,983
Futures In Education
Brooklyn, NY
$9,429,112
Prospect Schools Inc
Brooklyn, NY
$6,588,021
Excellence Community Schools Inc
Bronx, NY
$10,443,782
Study Group Solutions Inc
Brooklyn, NY
$4,243,219
Nli Usa Inc
New York, NY
$12,729,094
Mastery Charter Schools Foundation
Philadelphia, PA
$9,714,744
Research Collections And Preservation Consortium Inc
Princeton, NJ
$7,842,282
Ieee Foundation Inc
Piscataway, NJ
$9,548,823
Center For Initiatives In Jewish Education Inc
Brooklyn, NY
$6,052,239
The New York City Center For Charter School Excellence
New York, NY
$9,524,074
Kode With Klossy Inc
New York, NY
$7,643,151
Coney Island Prep Builders Inc
Brooklyn, NY
$3,536,570

Create an account to unlock the data you need.

or