Raritan Valley Community College Dir Of Budget & Finance Office is located in Somerville, NJ. The organization was established in 1969. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Raritan Valley Community College Dir Of Budget & Finance Office employed 1,100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raritan Valley Community College Dir Of Budget & Finance Office 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 06/2021, Raritan Valley Community College Dir Of Budget & Finance Office generated $84.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $77.7m during the year ending 06/2021. While expenses have increased by 2.9% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RARITAN VALLEY COMMUNITY COLLEGE IS AN EDUCATIONAL COMMUNITY THAT WORKS TO DEVELOP CRITICAL THINKING, FOSTER INTELLECTUAL CURIOSITY, PROMOTE LEADERSHIP, ENCOURAGE SOCIAL RESPONSIBILITY, SUPPORT PERSONAL GROWTH,
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY COLLEGE OF APPROXIMATELY 7,735 CREDIT-SEEKING STUDENTS AND NEARLY 6,000 NON-CREDIT STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael J Mcdonough PHD President | Officer | 37.5 | $295,680 |
John Trojan V.P. Finance And Facilities | Officer | 37.5 | $209,292 |
Deborah Preston Provost/v.p. Academic Affairs | Officer | 37.5 | $193,206 |
Jacki Belin V.P. Strategic Programs & Development | Officer | 37.5 | $182,871 |
Patrice Marks Dean Of Academic Affairs, Alo | Officer | 37.5 | $162,828 |
Michael Marion Executive Dir Rvcc Foundation | 37.5 | $160,886 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Us Securities Associates Inc Security Services | 6/29/21 | $464,468 |
Fastforward Digital Llc Marketing Strategies | 6/29/21 | $483,780 |
Allied Universal Security Security Services | 6/29/21 | $302,631 |
Structural Concepts Inc Construction | 6/29/21 | $1,343,317 |
Pinakin It Solutions Llc 218933 | 6/29/21 | $218,933 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $48,164,696 |
All other contributions, gifts, grants, and similar amounts not included above | $5,160,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $53,324,696 |
Total Program Service Revenue | $30,862,643 |
Investment income | $12,903 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $84,313,623 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $12,298,668 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,069,618 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $31,104,632 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,536,944 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,637,762 |
Insurance | $0 |
All other expenses | $3,810,183 |
Total functional expenses | $77,699,970 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $17,138,929 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $14,096,593 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $28,852 |
Prepaid expenses and deferred charges | $263,149 |
Net Land, buildings, and equipment | $68,641,637 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,194,585 |
Total assets | $103,363,745 |
Accounts payable and accrued expenses | $6,801,812 |
Grants payable | $0 |
Deferred revenue | $2,214,243 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $29,693,890 |
Total liabilities | $38,709,945 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $64,653,800 |
Total liabilities and net assets/fund balances | $103,363,745 |
Over the last fiscal year, we have identified 3 grants that Raritan Valley Community College Dir Of Budget & Finance Office has recieved totaling $118,280.
Awarding Organization | Amount |
---|---|
American Association Of Community Colleges Washington, DC PURPOSE: SKILLS TO SUCCEED | $54,490 |
Rockley Family Foundation Inc Golden, CO PURPOSE: Education of Students | $52,990 |
Jewish Federation Of Somerset County Bridgewater, NJ PURPOSE: EDUCATION | $10,800 |
Beg. Balance | $1,122,851 |
Earnings | $14,593 |
Net Contributions | $2,000 |
Grants | $4,880 |
Ending Balance | $1,134,564 |
Organization Name | Assets | Revenue |
---|---|---|
Raritan Valley Community College Dir Of Budget & Finance Office Somerville, NJ | $103,363,745 | $84,313,623 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Northampton County Area Community College Foundation Bethlehem, PA | $90,958,462 | $10,129,172 |
Rural Regional College Of Northern Pennsylvania Warren, PA | $5,615,741 | $6,853,923 |
Faculty Student Association Of Hudson Valley-Community College Troy, NY | $21,516,761 | $4,749,556 |