Rutgers University Foundation
- Assets
- $149.0m
- Revenue
- $173.5m
- Investments
- $36.3k
- Employees
- 231
- Location
- New Brunswick, NJ
- Founding
- 04/1974
- Data as of
- 06/2021
- EIN
- 23-7318742
Organization Overview
Rutgers University Foundation is located in New Brunswick, NJ. The organization was established in 1974. 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 06/2021, Rutgers University Foundation employed 231 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rutgers 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, Rutgers University Foundation generated $173.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $151.7m during the year ending 06/2021. While expenses have increased by 0.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT RUTGERS, THE STATE UNIVERSITY, AND HELP IT ATTAIN EXCELLENCE (CONTINUED ON SCHEDULE O) IN EDUCATION, RESEARCH AND PUBLIC SERVICE BY BUILDING RELATIONSHIPS WITH SUPPORTERS TO RAISE MONEY FOR RUTGERS.
Describe the Organization's Program Activity:
THE RUTGERS UNIVERSITY FOUNDATION RAISES FUNDS TO MEET UNIVERSITY NEEDS AND SUPPLEMENT STATE, FEDERAL AND OTHER SOURCES FOR STUDENTS AND LEARNING INCLUDING SCHOLARSHIPS AND PROGRAMS, FACULTY AND RESEARCH, CAMPUSES AND FACILITIES, AND UNIVERSITY AND COMMUNITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Green Vice President | Officer | 37.5 | $352,239 |
Christopher Needles Vice President | Officer | 37.5 | $303,095 |
Christopher P Zraly CFO & Associate Treasurer | Officer | 37.5 | $262,333 |
Ashaki Charles Assoc. Vice President | 37.5 | $229,250 | |
Julie D Cummings Outgoing Vice President | Officer | 37.5 | $222,374 |
Denise Gavala Assoc. Vice President | 37.5 | $215,012 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruffalo Noel Levitz Char. Solic. & Fndrsng | 6/29/21 | $809,215 |
Raising Insight Fundraising Reporting | 6/29/21 | $126,746 |
Community Counselling Services Co Llc Fundraising Consulting | 6/29/21 | $108,000 |
Gary Olsen Fundraising Consulting | 6/29/21 | $116,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,715 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,703,902 |
| Noncash contributions included in lines 1a–1f | $15,977,106 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,737,617 |
| Total Program Service Revenue | $4,444,061 |
| Investment income | $63,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,085 |
| Net Gain/Loss on Asset Sales | $103,819 |
| Net Income from Fundraising Events | $5,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,496,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,913,540 |
| 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. | $1,744,108 |
| Compensation of current officers, directors, key employees. | $1,744,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,297,556 |
| Pension plan accruals and contributions | $1,147,920 |
| Other employee benefits | $2,473,424 |
| Payroll taxes | $1,176,338 |
| Fees for services: Management | $3,261,152 |
| Fees for services: Legal | $55,273 |
| Fees for services: Accounting | $97,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,519,222 |
| Fees for services: Investment Management | $49,431 |
| Fees for services: Other | $753,688 |
| Advertising and promotion | $172,695 |
| Office expenses | $770,887 |
| Information technology | $1,264,797 |
| Royalties | $0 |
| Occupancy | $252,512 |
| Travel | $3,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,959 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $131,926 |
| All other expenses | $5,861 |
| Total functional expenses | $151,685,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,718,141 |
| Pledges and grants receivable | $100,376,229 |
| Accounts receivable, net | $11,333,069 |
| 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 | $742,189 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $29,120,048 |
| Investments—other securities | $36,312 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $710,882 |
| Total assets | $149,036,870 |
| Accounts payable and accrued expenses | $8,008,351 |
| Grants payable | $0 |
| Deferred revenue | $7,796,226 |
| 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 | $8,997,365 |
| Total liabilities | $24,801,942 |
| Net assets without donor restrictions | $9,701,120 |
| Net assets with donor restrictions | $114,533,808 |
| 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 | $149,036,870 |
Grants Awarded
Over the last fiscal year, Rutgers University Foundation has awarded $283,559,810 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Piscataway, NJ PURPOSE: EDUCATION-RELATED/ ATHLETICS | $141,721,294 |
Piscataway, NJ PURPOSE: EDUCATION-RELATED/ ATHLETICS | $141,721,294 |
New Brunswick, NJ PURPOSE: SUPPORT ASSOCIATIONS PROGRAMS | $58,611 |
New Brunswick, NJ PURPOSE: SUPPORT ASSOCIATIONS PROGRAMS | $58,611 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Rutgers University Foundation has recieved totaling $78,997.
| Awarding Organization | Amount |
|---|---|
Eva And Marvin Schlanger Family Foundation Palm Beach Gardens, FL PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $20,000 |
Eva And Marvin Schlanger Family Foundation Palm Beach Gardens, FL PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $20,000 |
Gertrude M Higgins Uw Te Fbo Charities Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $15,747 |
Kokes Family Foundation Brielle, NJ PURPOSE: DONATION | $10,000 |
Eva And Marvin Schlanger Family Foundation Palm Beach Gardens, FL PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $5,000 |
Pratima And Vikrant Raina Family Foundation West Newton, MA PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $2,418,918 |
| Earnings | $46,606 |
| Admin Expense | $813 |
| Grants | $66,037 |
| Ending Balance | $2,398,674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nyc School Support Services Inc New York, NY | $89,153,904 | $637,449,387 |
Jefferson University Physicians Philadelphia, PA | $187,548,071 | $476,809,687 |
Research Foundation Of The City University Of New York New York, NY | $439,317,076 | $501,643,850 |
New York University In Abu Dhabi Corporation New York, NY | $8,480,173 | $220,364,326 |
Rutgers University Foundation New Brunswick, NJ | $149,036,870 | $173,496,480 |
Wilkes University Wilkes Barre, PA | $232,735,413 | $139,424,489 |
U B Foundation Activities Inc Buffalo, NY | $144,841,745 | $102,321,519 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |