East Stroudsburg University Foundation
- Assets
- $36.2m
- Revenue
- $5.8m
- Investments
- $3.6m
- Employees
- 12
- Location
- East Stroudsburg, PA
- Founding
- 09/1987
- Data as of
- 06/2021
- EIN
- 22-2826714
Organization Overview
East Stroudsburg University Foundation is located in East Stroudsburg, PA. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, East Stroudsburg University Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Stroudsburg University Foundation 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, East Stroudsburg University Foundation generated $5.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 7.9% 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
TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE ESU OF PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL UNRESTRICTED FUNDS COLLECTED BY THE FOUNDATION ARE USED TO PROVIDE GIFTS AND GRANTS TO EAST STROUDSBURG UNIVERSITY, ITS FACULTY AND STUDENTS AND TO PAY THE FOUNDATION'S OPERATIONAL COSTS.
DONATIONS AND CONTRIBUTIONS WERE MADE TO VARIOUS ORGANIZATIONS WITHIN THE UNIVERSITY. THE MONIES ARE TO BE USED FOR EDUCATIONAL ADVANCEMENT PURPOSES.
SCHOLARSHIPS TO THE STUDENTS OF EAST STROUDSBURG UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Santoro Executive Director | Officer | 40 | $197,847 |
Melissa Davis CFO | Officer | 40 | $114,615 |
Robert H Willever Chairman | OfficerTrustee | 3 | $0 |
Maryellen Dickey Vice Chairman | OfficerTrustee | 1 | $0 |
Robert A Shebelsky Treasurer | OfficerTrustee | 1 | $0 |
Christopher Yeager Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,295,176 |
| Noncash contributions included in lines 1a–1f | $599 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,481,476 |
| Total Program Service Revenue | $1,125,000 |
| Investment income | $540,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $601,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,768,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $926,765 |
| Grants and other assistance to domestic individuals. | $1,037,729 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $377,040 |
| Compensation of current officers, directors, key employees. | $122,974 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,079,674 |
| Pension plan accruals and contributions | $47,568 |
| Other employee benefits | $133,957 |
| Payroll taxes | $75,705 |
| Fees for services: Management | $42,000 |
| Fees for services: Legal | $11,515 |
| Fees for services: Accounting | $33,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,328 |
| Fees for services: Other | $149,054 |
| Advertising and promotion | $4,459 |
| Office expenses | $96,740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,000 |
| Travel | $361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,863 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,204 |
| All other expenses | $6,966 |
| Total functional expenses | $4,416,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $639,198 |
| Savings and temporary cash investments | $1,563,713 |
| Pledges and grants receivable | $2,893,990 |
| Accounts receivable, net | $0 |
| 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 | $33,982 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,251,736 |
| Investments—other securities | $3,615,242 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,500 |
| Total assets | $36,185,361 |
| Accounts payable and accrued expenses | $111,202 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $235,135 |
| Other liabilities | $628,256 |
| Total liabilities | $974,593 |
| Net assets without donor restrictions | $4,864,713 |
| Net assets with donor restrictions | $30,346,055 |
| 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 | $36,185,361 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that East Stroudsburg University Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Albert And Louise Davis Scholarship Fund Fbo Rotary Club Elzbth Nj Inc Berkeley Heights, NJ PURPOSE: SCHOLARSHIP | $2,000 |
Endowment Analysis
| Beg. Balance | $25,006,439 |
| Earnings | $2,993,571 |
| Net Contributions | $629,993 |
| Grants | $642,722 |
| Ending Balance | $22,000,139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
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 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |