Union County College Foundation Inc
- Assets
- $22.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Cranford, NJ
- Founding
- 12/2018
- Data as of
- 06/2022
- EIN
- 22-2218627
Organization Overview
Union County College Foundation Inc is located in Cranford, NJ. The organization was established in 2018. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Union County College Foundation Inc 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, Union County College Foundation Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 4.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE EDUCATIONAL PURPOSES OF UNION COUNTY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT COLLEGE: SCHOLARSHIPS AND OTHER AWARDS TO UNION COUNTY COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence D Bashe Chair | OfficerTrustee | 2 | $0 |
Maksim Sheyn Treasurer | OfficerTrustee | 0.3 | $0 |
Dr Margaret M Mcmenamin Secretary | OfficerTrustee | 5 | $0 |
Tina M Earley Vice Chair | OfficerTrustee | 0.3 | $0 |
Douglas Rouse Executive Director & Asst. Secretary | Officer | 45 | $0 |
Dr Lori Wilkin Assistant Treasurer | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $366,768 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $936,178 |
| Noncash contributions included in lines 1a–1f | $291,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,302,946 |
| Total Program Service Revenue | $0 |
| Investment income | $536,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $999,775 |
| Net Income from Fundraising Events | -$25,348 |
| Net Income from Gaming Activities | $8,755 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,822,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,534,195 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $192,597 |
| Fees for services: Legal | $23,663 |
| Fees for services: Accounting | $19,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,797 |
| Fees for services: Other | $157,546 |
| Advertising and promotion | $0 |
| Office expenses | $29,603 |
| Information technology | $15,279 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,119 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,956 |
| Insurance | $7,025 |
| All other expenses | $0 |
| Total functional expenses | $2,116,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $216,372 |
| Pledges and grants receivable | $6,700 |
| Accounts receivable, net | $91,221 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,816 |
| Net Land, buildings, and equipment | $113,654 |
| Investments—publicly traded securities | $21,837,093 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $540,903 |
| Total assets | $22,827,759 |
| Accounts payable and accrued expenses | $64,676 |
| Grants payable | $0 |
| Deferred revenue | $496,173 |
| 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 | $23,844 |
| Total liabilities | $584,693 |
| Net assets without donor restrictions | $1,110,250 |
| Net assets with donor restrictions | $21,132,816 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $22,827,759 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Union County College Foundation Inc has recieved totaling $387,386.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $173,940 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $51,179 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $51,179 |
George W Bauer Family Foundation Cranford, NJ PURPOSE: UNRESTRICTED | $20,000 |
E J Grassmann Trust Warren, NJ PURPOSE: CAPITAL FUND SUPPORT | $15,000 |
Community Response Llc Asbury, NJ PURPOSE: DONATION | $12,500 |
Endowment Analysis
| Beg. Balance | $25,198,959 |
| Earnings | -$3,471,717 |
| Admin Expense | $114,797 |
| Net Contributions | $223,552 |
| Grants | $632,950 |
| Ending Balance | $21,203,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Stockton Affiliated Services Inc Galloway, NJ | $3,017,488 | $12,674,409 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |