Association Of Independent Colleges And Universities In New Jersey
- Assets
- $673.4k
- Revenue
- $689.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Trenton, NJ
- Founding
- 07/1980
- Data as of
- 06/2021
- EIN
- 22-6087548
Organization Overview
Association Of Independent Colleges And Universities In New Jersey is located in Trenton, NJ. The organization was established in 1980. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Association Of Independent Colleges And Universities In New Jersey 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, Association Of Independent Colleges And Universities In New Jersey generated $689.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $352.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 7 years. 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
ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN NEW JERSEY IS A NONPROFIT ORGANIZATION ESTABLISHED TO ADVANCE HIGHER EDUCATION IN NEW JERSEY, BY STUDYING, DEVISING, AND PROMULGATING PROGRAMS FOR THE MAXIMATION OF THE CONTRIBUTIONS OF INDEPENDENT COLLEGES AND UNIVERSITIES, BY FOSTERING PUBLIC INTEREST IN PUBLIC POLICY AND LEGISLATION RESPECTING COLLEGES AND UNIVERSITIES BY DISSEMINATING EVERYTHING NECESSARY, SUITABLE, OR PROPER FOR THE ACCOMPLISHMENT OF THIS PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN NEW JERSEY (AICUNJ) IS COMMITTED TO THE ADVANCEMENT OF INDEPENDENT HIGHER EDUCATION IN NEW JERSEY. OUR 14 MEMBER INSTITUTIONS PERFORM A VITAL SERVICE TO THE STATE BY PROVIDING MORE THAN 65,000 STUDENTS ACCESS TO DIVERSE EDUCATIONAL OPPORTUNITIES. AICUNJ MEMBERS ALSO MAKE A SIGNIFICANT ECONOMIC IMPACT THROUGH RESEARCH, COMMUNITY DEVELOPMENT AND RELEVANT DEGREE PROGRAMS THAT MEET NEW JERSEY'S WORKFORCE NEEDS.AICUNJ STIMULATES PUBLIC INTEREST IN LEGISLATION AND POLICY MAKING THAT AFFECT MEMBER INSTITUTIONS.AICUNJ GOALS ARE TO:1) INFLUENCE PUBLIC POLICY AND LEGISLATION TO GUARANTEE THE CITIZENS OF NEW JERSEY ACCESS TO QUALITY HIGHER EDUCATION IN A WIDE VARIETY OF EDUCATIONAL SETTINGS. * SERVE AS LIAISON WITH THE STATE AND FEDERAL GOVERNMENTS ON BEHALF OF THE INDEPENDENT SECTOR. * PROMOTE AND RAISE AWARENESS OF THE INDEPENDENT HIGHER EDUCATION AND ITS CONTRIBUTIONS THAT BENEFIT THE COMMON GOOD.2) ASSURE THE LONG-TERM FINANCIAL HEALTH OF INDEPENDENT INSTITUTIONS WHILE MAINTAINING THE HIGH QUALITY OF THEIR ACADEMIC OFFERINGS. * PROVIDE LEADERSHIP IN AND COORDINATION OF THE PLANNING AND RESEARCH ACTIVITIES OF THE INDEPENDENT SECTOR. * SUGGEST MEANS BY WHICH ITS MEMBERS CAN ACHIEVE MAXIMUM UTILIZATION OF INDEPENDENT SECTOR RESOURCES. * PROVIDE A CHANNEL FOR ASSISTANCE TO EACH MEMBER INSTITUTION. * WORK COOPERATIVELY WITH THE INDEPENDENT COLLEGE FUND OF NEW JERSEY (ICFNJ) FOR THE BENEFIT OF NEW JERSEY'S INDEPENDENT COLLEGES AND UNIVERSITIES. * PROMOTE COOPERATIVE EFFORTS AMONG INDEPENDENT INSTITUTIONS AND BETWEEN INDEPENDENT AND PUBLIC INSTITUTIONS. * ENCOURAGE PROFESSIONAL DEVELOPMENT THROUGH COOPERATION OF MEMBER INSTITUTIONS.
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) | Role | Hours | Compensation |
|---|---|---|---|
Joseph R Marbach PHD Vice Chair | OfficerTrustee | 1 | $0 |
Helen J Streubert Edd Chair | OfficerTrustee | 1 | $0 |
Gregory G Dell'omo PHD Secretary | OfficerTrustee | 1 | $0 |
Christopher A Capuano PHD Treasurer | OfficerTrustee | 1 | $0 |
Karen A Jezierny Director | OfficerTrustee | 1 | $0 |
Louis Manzione President | OfficerTrustee | 24 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $689,358 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $689,358 |
| Total Program Service Revenue | $0 |
| Investment income | $221 |
| 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 | $689,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $184,320 |
| Compensation of current officers, directors, key employees. | $29,491 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,271 |
| Pension plan accruals and contributions | $5,949 |
| Other employee benefits | $8,141 |
| Payroll taxes | $19,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,423 |
| Advertising and promotion | $0 |
| Office expenses | $2,767 |
| Information technology | $2,450 |
| Royalties | $0 |
| Occupancy | $15,010 |
| Travel | $148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $809 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,923 |
| Insurance | $275 |
| All other expenses | $0 |
| Total functional expenses | $352,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $559,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,780 |
| 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 | $38,000 |
| Net Land, buildings, and equipment | $4,147 |
| Investments—publicly traded securities | $12,160 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,000 |
| Total assets | $673,352 |
| Accounts payable and accrued expenses | $20,309 |
| 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 | $0 |
| Other liabilities | $8,190 |
| Total liabilities | $28,499 |
| Net assets without donor restrictions | $644,853 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $673,352 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Relay Graduate School Of Education New York, NY | $56,720,403 | $55,978,916 |
William J Brennan Jr Center For Justice Inc New York, NY | $161,401,732 | $45,056,482 |
American Academy Of Dramatic Arts New York, NY | $82,489,294 | $25,967,106 |
Pennsylvania Academy Of The Fine Arts Philadelphia, PA | $133,610,587 | $20,470,730 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Intercollegiate Studies Institute Inc Wilmington, DE | $20,524,423 | $7,078,238 |
University At Buffalo Otolaryngology Inc Buffalo, NY | $799,618 | $5,038,737 |
National Academy Of Design New York, NY | $76,726,771 | $4,754,677 |