Newark Campus Development Fund
- Assets
- $45.4m
- Revenue
- $5.6m
- Investments
- $2.6m
- Employees
- 0
- Location
- Newark, OH
- Founding
- 07/1983
- Data as of
- 10/2023
- EIN
- 31-1062282
Organization Overview
Newark Campus Development Fund is located in Newark, OH. The organization was established in 1983. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Newark Campus Development Fund 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 10/2023, Newark Campus Development Fund generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $5.4m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Newark Campus Development Fund has awarded 28 individual grants totaling $29,257,130. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NEWARK CAMPUS DEVELOPMENT FUND IS TO SUPPORT THE NEWARK CAMPUS OF THE OHIO STATE UNIVERSITY AND CENTRAL OHIO TECHNICAL COLLEGE BY FUNDING SCHOLARSHIPS, GRANTS, INNOVATIVE PROJECTS AND CAPITAL IMPROVEMENTS THAT ARE NOT PROVIDED BY ANY OTHER STATE RESOURCE. FOR 41 YEARS, DONORS, BUSINESSES AND ORGANIZATIONS HAVE PARTICIPATED IN NCDF CAMPAIGNS TO CREATE A BEAUTIFUL COLLEGE CAMPUS WHERE STUDENTS RECEIVE THE BEST OF ALL WORLDS: A BIG 10 RESEARCH-BASED EDUCATION IN A SMALL, PRIVATE, LIBERAL ARTS SETTING. LOCAL DONORS ENJOY SUPPORTING FUNDS AND CREATING ENDOWMENTS AT NCDF WHICH IS CONTROLLED LOCALLY BY A BOARD OF TRUSTEES WITH DEEP ROOTS WITHIN OUR COMMUNITY. WITH THE PARTNERSHIP OF GENEROUS GENERATIONAL DONORS AND A COMMITTED BOARD, THE NCDF IS ABLE TO PROVIDE ACCESS TO EDUCATION FOR ALL QUALIFIED AND MOTIVATED INDIVIDUALS. NCDF STRIVES TO MAINTAIN AND ENHANCE THE LEVEL OF EDUCATIONAL TECHNOLOGICAL EXCELLENCE AND CLOSE PERSONALIZED ATTENTION AT OSU NEWARK AND COTC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEWARK CAMPUS DEVELOPMENT FUND (NCDF) ACTS AS A CONDUIT FOR GENEROUS DONORS TO ASSIST THE GROWING NEEDS OF THE NEWARK CAMPUS. ESTABLISHED IN 1983, NCDF HAS PROVIDED MORE THAN $50 MILLION IN SCHOLARSHIPS, GRANTS AND CAPITAL INVESTMENTS. CAPITAL PROJECTS FUNDED INCLUDE THE CONSTRUCTION OF THE EVERETT REESE BELL TOWER, THE J GILBERT REESE TECHNOLOGY CENTER, THE JOHN AND CHRISTINE WARNER LIBRARY AND STUDENT CENTER AND THE JOHN AND MARY ALFORD CENTER FOR SCIENCE AND TECHNOLOGY, AS WELL AS PROVIDING FUNDS FOR TECHNOLOGICAL EQUIPMENT, PARKING, AND CAMPUS BEAUTIFICATION.THE HEADCOUNT AT OHIO STATE NEWARK IS 2,442 AND 1,712 AT COTC FOR AUTUMN QUARTER 2023. THESE STUDENTS FACE INCREASING DIFFICULTIES PAYING FOR BOOKS & TUITION, JUGGLING MINIMUM WAGE JOBS AND COLLEGE COURSES, AS WELL AS LIVING EXPENSES OF YOUNG FAMILIES. UNRESTRICTED SCHOLARSHIP AND GRANT FUNDS HELP THE MOST TO MEET THE NEEDS OF STUDENTS. THE NCDF SUPPORTS PROJECTS AND SCHOLARSHIP NEEDS THAT STATE AND FEDERAL RESOURCES CANNOT.IN THE ACADEMIC YEAR ENDING ON JUNE 30, 2023, THE NCDF FUNDED 666 SCHOLARSHIPS AND 12 GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert O'neill Trustee | Trustee | 1 | $0 |
Douglas F Mock Trustee | Trustee | 1 | $0 |
C Daniel Delawder Trustee | Trustee | 1 | $0 |
Sarah R Wallace Trustee | Trustee | 1 | $0 |
Seth Patton Treasurer | OfficerTrustee | 1 | $0 |
Stuart Parsons President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,090,170 |
| Noncash contributions included in lines 1a–1f | $52,911 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,140,170 |
| Total Program Service Revenue | $0 |
| Investment income | $1,466,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,037,403 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,644,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,903,044 |
| 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. | $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 | $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 | $300,980 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,537 |
| Information technology | $5,029 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,027 |
| All other expenses | $1,129 |
| Total functional expenses | $5,405,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,466 |
| Savings and temporary cash investments | $1,121,067 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $41,644,553 |
| Investments—other securities | $2,586,662 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,362,748 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $45,362,748 |
| Total liabilities and net assets/fund balances | $45,362,748 |
Grants Awarded
Over the last fiscal year, Newark Campus Development Fund has awarded $4,903,044 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL OHIO TECHNICAL COLLEGE PURPOSE: FUNDING OF PROJECTS FOR WHICH NO OTHER FUNDING IS AVAILABLE | $671,216 |
THE OHIO STATE UNIVERSITY AT NEWARK PURPOSE: FUNDING OF PROJECTS FOR WHICH NO OTHER FUNDING IS AVAILABLE | $4,202,728 |
A CALL TO COLLEGE PURPOSE: FUNDING OF PROJECTS FOR WHICH NO OTHER FUNDING IS AVAILABLE | $29,100 |