Civic Intelligence

Thomas Edison State University Foundation Inc.

990 • Fiscal year 2024 • EIN 22-2117814

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 24, 2024

111 West State StreetTrenton, NJ 08608

(609) 984-1588

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.03x

Higher debt load relative to assets than 19% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.28x

Higher debt load relative to revenue than 44% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Net Margin

91st percentile

44%

Higher net margin than 91% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$174,839

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Asset Growth

74th percentile

13%

Faster asset growth than 74% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

81%

Faster revenue growth than 92% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$14,061,512

Up $1,614,353 (+13%) from 2023

Net Assets

Up

$13,658,855

Up $1,968,457 (+17%) from 2023

Liabilities

Down

$402,657

Down $354,104 (-47%) from 2023

Revenue

Up

$1,441,700

Up $647,290 (+81%) from 2023

Expenses

Down

$805,577

Down $151,730 (-16%) from 2023

Net Income

Up

$636,123

Up $799,020 (+491%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $6,216,073Liabilities 2011: $287,636Net Assets 2011: $5,928,4372011Assets 2012: $6,767,408Liabilities 2012: $251,675Net Assets 2012: $6,515,7332012Assets 2013: $7,953,946Liabilities 2013: $427,557Net Assets 2013: $7,526,3892013Assets 2014: $9,764,049Liabilities 2014: $1,255,984Net Assets 2014: $8,508,0652014Assets 2015: $9,486,878Liabilities 2015: $847,351Net Assets 2015: $8,639,5272015Assets 2016: $9,883,737Liabilities 2016: $738,957Net Assets 2016: $9,144,7802016Assets 2017: $11,704,195Liabilities 2017: $1,122,239Net Assets 2017: $10,581,9562017Assets 2018: $10,069,904Liabilities 2018: $642,935Net Assets 2018: $9,426,9692018Assets 2019: $11,561,094Liabilities 2019: $539,469Net Assets 2019: $11,021,6252019Assets 2020: $12,997,024Liabilities 2020: $783,997Net Assets 2020: $12,213,0272020Assets 2021: $14,519,820Liabilities 2021: $631,911Net Assets 2021: $13,887,9092021Assets 2022: $11,982,682Liabilities 2022: $822,433Net Assets 2022: $11,160,2492022Assets 2023: $12,447,159Liabilities 2023: $756,761Net Assets 2023: $11,690,3982023Assets 2024: $14,061,512Liabilities 2024: $402,657Net Assets 2024: $13,658,8552024Assets 2025: $15,265,396Liabilities 2025: $470,894Net Assets 2025: $14,794,5022025

Highlighted filing

2024

Assets$14,061,512
Liabilities$402,657
Net Assets$13,658,855

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $387,3332011Expenses 2012: $401,9812012Revenue 2013: $1,109,527Expenses 2013: $772,488Net Income 2013: $337,0392013Revenue 2014: $2,788,804Expenses 2014: $1,589,192Net Income 2014: $1,199,6122014Revenue 2015: $1,310,020Expenses 2015: $681,649Net Income 2015: $628,3712015Revenue 2016: $1,011,709Expenses 2016: $786,337Net Income 2016: $225,3722016Revenue 2017: $1,704,263Expenses 2017: $1,200,072Net Income 2017: $504,1912017Revenue 2018: $1,269,735Expenses 2018: $1,177,121Net Income 2018: $92,6142018Revenue 2019: $1,263,915Expenses 2019: $1,008,994Net Income 2019: $254,9212019Revenue 2020: $1,300,288Expenses 2020: $793,984Net Income 2020: $506,3042020Revenue 2021: $2,164,871Expenses 2021: $872,530Net Income 2021: $1,292,3412021Revenue 2022: $341,230Expenses 2022: $587,642Net Income 2022: -$246,4122022Revenue 2023: $794,410Expenses 2023: $957,307Net Income 2023: -$162,8972023Revenue 2024: $1,441,700Expenses 2024: $805,577Net Income 2024: $636,1232024Revenue 2025: $1,605,726Expenses 2025: $1,297,287Net Income 2025: $308,4392025

Highlighted filing

2024

Revenue$1,441,700
Expenses$805,577
Net Income$636,123
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 24, 2024
Return Version
2023v5.1
Gross Receipts
$2,483,692
Mission and Program Overview

Mission

The mission of the foundation is to inspire donors to invest in thomas edison state university's power to transform lives and build a more competitive workforce by empowering adults to attain their educational goals.thomas edison state university foundation is a nonprofit 501(c)(3) organization. While independent of thomas edison state university, the foundation operates exclusively for the benefit, support and promotion of the university and its educational activities and may receive and invest bequests, gifts or transfers of property or money, and expend any such funds or property for the institution's educational purposes.

The mission of the foundation is to inspire donors to invest in thomas edison state university's power to transform lives and build a more competitive workforce by empowering adults to attain their educational goals.thomas edison state university foundation is a nonprofit 501(c)(3) organization. While independent of thomas edison state university, the foundation operates exclusively for the benefit, support and promotion of the university and its educational activities and may receive and invest bequests, gifts or transfers of property or money, and expend any such funds or property for the institution's educational purposes.the two main events for fy24 was the 30th annual golf classic (may 2024) to support the tesu scholarship fund and 2023 impact awards (octobr 2023) to support the mission of tesuf.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,061,382$13,544,339▲ $1,482,957
Pledges and Grants Receivable$120,021$249,705▲ $129,684
Savings and Temporary Cash Investments$194,757$196,051▲ $1,294
Cash and Non-Interest-Bearing Accounts-$100-
Total Assets$12,447,159$14,061,512▲ $1,614,353
Other Assets Total$70,999$71,317▲ $318
Liabilities
Grants Payable$679,386$337,013▼ $342,373
Accounts Payable and Accrued Expenses$77,375$65,644▼ $11,731
Total Liabilities$756,761$402,657▼ $354,104
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,132,319$7,132,886▲ $1,000,567
Net Assets Without Donor Restrictions$5,558,079$6,525,969▲ $967,890
Total Net Assets Fund Balance$11,690,398$13,658,855▲ $1,968,457
Total Liabilities and Net Assets / Fund Balance$12,447,159$14,061,512▲ $1,614,353

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$10,949,021$289,960▲ $1,906,005$215,381$12,775,967
2022$10,580,070$118,397▲ $787,879$424,404$10,949,021
2021$13,097,435$136,432▼ $2,222,647$364,602$10,580,070
2020$10,684,074$1,089,166▲ $1,761,880$301,390$13,097,435
2019$9,771,914$36,779▲ $999,015$18,884$10,684,074
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary HeagleyExecutive VPPT$154,244$20,595$174,839
Jaclyn JoworisakSecretaryPT$42,059$8,865$50,924
Dr Merodie HancockPresident, Ex-officio-$18,175$20,570$38,745
Christopher StringerVP & CFO-$23,742$3,286$27,028

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$876,936
Program Service Revenue
$0
Investment Income
$618,561
Other Revenue
$-53,797
All Other Contributions
$783,611
Change in Net Assets
$636,123

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$34,834Avg. Selling Price
Other Non Cash Contri Table4$3,120Cost
Other Non Cash Contri Table3$925Cost
Other Non Cash Contri Table3$340Cost
Total Noncash Contributions12$39,219-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,371,979
Revenue Not Reported on Financial Statements
$69,721
Revenue Not Reported on Form 990
$1,713,129
Total Revenue per Audited Statements
$3,085,108
Total Revenue per Form 990
$1,441,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$604,664
Other Expenses$200,913
Total Fundraising Expense$88,493
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$604,664--$604,664
Fees for Service Investment Mgmnt Fees-$69,721-$69,721
Fees for Services Management--$64,485$64,485
Fees for Services Accounting-$28,615-$28,615
Fees for Services Other--$15,548$15,548
Other Expenses-$668$8,460$9,128
Office Expenses-$8,748-$8,748
Advertising$2,972--$2,972
Insurance-$1,696-$1,696
Total Functional Expenses$607,636$109,448$88,493$805,577

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,116,651
Total Expenses per Form 990$805,577
Expenses per Audited Statements$735,856
Expenses Not Reported on Form 990$380,795
Expenses Not Reported on Financial Statements$69,721
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Thomas Edison State UniversityTrenton, NJState of New JerseyScholarships to Students as Designated by the Requirements of the Donors$529,124
Thomas Edison State UniversityTrenton, NJState of New JerseyGrants to University Programs as Specified by the Requirements of the Donors$75,540
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$94,322
Fundraising Gross Income$39,645
Gaming Gross Income$880
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$81,002$38,517$24,490$14,027
Annual Golf Outing$51,968$1,128$6,617$-5,489
Total Events$132,970$39,645$94,322$-54,677
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization has its form 990 prepared by an outside accountant. The comptroller reviews the form 990 with the audit committee. The form 990 is then electronically sent to the full board prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. Any director, principal officer, or member of a committee with board delegated powers, who has a direct or indirect financial interest as defined below, is an interested person. An interested person may make a presentation at the governing board or committee meeting, but after the presentation he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The minutes of the governing board and all committees with board delegated powers shall document the decision of the vote.

Form 990, Part VI, Section C, Line 19

The foundation makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. In addition, the financial statements, conflict of interest policy, and governing documents are available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Thomas Edison State University
EIN
22-2117814
Phone
6099841588
Address
111 WEST STATE STREET, TRENTON, NJ 08608

Signing Officer

Name
Christopher Stringer
Title
VP & CFO
Phone
6099841588
Signed
2024-12-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Stringer
Formed
1976
Legal Domicile
Nj
Voting Board Members
25
Independent Board Members
24
Employees
0
Volunteers
41

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
300 TICE BOULEVARD SUITE 315, WOODCLIFF LAKE, NJ 07677
Preparer
Garrett M Higgins
Phone
2017129800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the foundation had no uncertain tax positions that would require financial statement recognition or disclosure. The foundation is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to 2021.

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IRS990/ActivityOrMissionDesc0THE MISSION OF THE FOUNDATION IS TO INSPIRE DONORS TO INVEST IN THOMAS EDISON STATE UNIVERSITY'S POWER TO TRANSFORM LIVES AND BUILD A MORE COMPETITIVE WORKFORCE BY EMPOWERING ADULTS TO ATTAIN THEIR EDUCATIONAL GOALS.THOMAS EDISON STATE UNIVERSITY FOUNDATION IS A NONPROFIT 501(C)(3) ORGANIZATION. WHILE INDEPENDENT OF THOMAS EDISON STATE UNIVERSITY, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT, SUPPORT AND PROMOTION OF THE UNIVERSITY AND ITS EDUCATIONAL ACTIVITIES AND MAY RECEIVE AND INVEST BEQUESTS, GIFTS OR TRANSFERS OF PROPERTY OR MONEY, AND EXPEND ANY SUCH FUNDS OR PROPERTY FOR THE INSTITUTION'S EDUCATIONAL PURPOSES.THE TWO MAIN EVENTS FOR FY24 WAS THE 30TH ANNUAL GOLF CLASSIC (MAY 2024) TO SUPPORT THE TESU SCHOLARSHIP FUND AND 2023 IMPACT AWARDS (OCTOBR 2023) TO SUPPORT THE MISSION OF TESUF.
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IRS990/Form990PartVIISectionAGrp/PersonNm4DR AHMED A AZMY
IRS990/Form990PartVIISectionAGrp/PersonNm5ALEX J BINDER
IRS990/Form990PartVIISectionAGrp/PersonNm6DANIEL R BRENNA JR
IRS990/Form990PartVIISectionAGrp/PersonNm7LOVEPREET BUTTAR
IRS990/Form990PartVIISectionAGrp/PersonNm8DEBRA D'ARCANGELO
IRS990/Form990PartVIISectionAGrp/PersonNm9BRUCE D GARGANIO
IRS990/Form990PartVIISectionAGrp/PersonNm10RONALD A GIMBEL
IRS990/Form990PartVIISectionAGrp/PersonNm11CATINA R HOOD
IRS990/Form990PartVIISectionAGrp/PersonNm12DOLORES R KELLEY ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm13JAMES KILGORE
IRS990/Form990PartVIISectionAGrp/PersonNm14STEVEN R KING
IRS990/Form990PartVIISectionAGrp/PersonNm15DR MATTHEW W LAMB
IRS990/Form990PartVIISectionAGrp/PersonNm16BRIAN T MALONEY
IRS990/Form990PartVIISectionAGrp/PersonNm17MARTIN MELILLI
IRS990/Form990PartVIISectionAGrp/PersonNm18DR DEBROAH MICAN
IRS990/Form990PartVIISectionAGrp/PersonNm19JEFFREY RUSSO
IRS990/Form990PartVIISectionAGrp/PersonNm20WILLARD A STANBACK ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm21RICK ST JOHN
IRS990/Form990PartVIISectionAGrp/PersonNm22JEFFREY STOKES
IRS990/Form990PartVIISectionAGrp/PersonNm23DR MICHAEL R TOSCANI
IRS990/Form990PartVIISectionAGrp/PersonNm24CAROL VOORHEES
IRS990/Form990PartVIISectionAGrp/PersonNm25DR JAMAL E WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm26CHRISTOPHER STRINGER
IRS990/Form990PartVIISectionAGrp/PersonNm27MARY HEAGLEY
IRS990/Form990PartVIISectionAGrp/PersonNm28JACLYN JOWORISAK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt033191
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2624038
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt27156936
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2842576
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT, EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR, THRU 6/14/24
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt27EXECUTIVE VP
IRS990/Form990PartVIISectionAGrp/TitleTxt28SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt093325
IRS990/FundraisingDirectExpensesAmt094322
IRS990/FundraisingGrossIncomeAmt039645
IRS990/GainOrLossGrp/SecuritiesAmt0271972
IRS990/GamingActivitiesInd00
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt0880
IRS990/GoverningBodyVotingMembersCnt025
IRS990/GrantAmt0604664
IRS990/GrantsPayableGrp/BOYAmt0679386
IRS990/GrantsPayableGrp/EOYAmt0337013
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0604664
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0604664
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01219642
IRS990/GrossReceiptsAmt02483692
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01696
IRS990/InsuranceGrp/TotalAmt01696
IRS990/InvestmentIncomeGrp/ExclusionAmt0346589
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0346589
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt012061382
IRS990/InvestmentsPubTradedSecGrp/EOYAmt013544339
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0947670
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE FOUNDATION IS TO INSPIRE DONORS TO INVEST IN THOMAS EDISON STATE UNIVERSITY'S POWER TO TRANSFORM LIVES AND BUILD A MORE COMPETITIVE WORKFORCE BY EMPOWERING ADULTS TO ATTAIN THEIR EDUCATIONAL GOALS.THOMAS EDISON STATE UNIVERSITY FOUNDATION IS A NONPROFIT 501(C)(3) ORGANIZATION. WHILE INDEPENDENT OF THOMAS EDISON STATE UNIVERSITY, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT, SUPPORT AND PROMOTION OF THE UNIVERSITY AND ITS EDUCATIONAL ACTIVITIES AND MAY RECEIVE AND INVEST BEQUESTS, GIFTS OR TRANSFERS OF PROPERTY OR MONEY, AND EXPEND ANY SUCH FUNDS OR PROPERTY FOR THE INSTITUTION'S EDUCATIONAL PURPOSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt011690398
IRS990/NetAssetsOrFundBalancesEOYAmt013658855
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0271972
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0271972
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-54677
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-54677
IRS990/NetIncomeFromGamingGrp/ExclusionAmt0880
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt0880
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01332334
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05558079
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06525969
IRS990/NoncashContributionsAmt039219
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08748
IRS990/OfficeExpensesGrp/TotalAmt08748
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt070999
IRS990/OtherAssetsTotalGrp/EOYAmt071317
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt08460
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0668
IRS990/OtherExpensesGrp/TotalAmt09128
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0120021
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0249705
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHRISTOPHER STRINGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0750467
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0804091
IRS990/PYInvestmentIncomeAmt084483
IRS990/PYOtherExpensesAmt0137216
IRS990/PYOtherRevenueAmt0-40540
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-162897
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0957307
IRS990/PYTotalProfFndrsngExpnsAmt016000
IRS990/PYTotalRevenueAmt0794410
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0636123
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0194757
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0196051

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$15.3$0.47$14.8$1.61$1.30$0.31
2024Detailed filing. Detailed filing data is available for this year.$14.1$0.40$13.7$1.44$0.81$0.64
2023Detailed filing. Detailed filing data is available for this year.$12.4$0.76$11.7$0.79$0.96$0.16
2022Detailed filing. Detailed filing data is available for this year.$12.0$0.82$11.2$0.34$0.59$0.25
2021Detailed filing. Detailed filing data is available for this year.$14.5$0.63$13.9$2.16$0.87$1.29
2020Detailed filing. Detailed filing data is available for this year.$13.0$0.78$12.2$1.30$0.79$0.51
2019Detailed filing. Detailed filing data is available for this year.$11.6$0.54$11.0$1.26$1.01$0.25
2018Detailed filing. Detailed filing data is available for this year.$10.1$0.64$9.43$1.27$1.18$0.09
2017Detailed filing. Detailed filing data is available for this year.$11.7$1.12$10.6$1.70$1.20$0.50
2016Summary only. Only limited summary data is available for this year.$9.88$0.74$9.14$1.01$0.79$0.23
2015Detailed filing. Detailed filing data is available for this year.$9.49$0.85$8.64$1.31$0.68$0.63
2014Detailed filing. Detailed filing data is available for this year.$9.76$1.26$8.51$2.79$1.59$1.20
2013Detailed filing. Detailed filing data is available for this year.$7.95$0.43$7.53$1.11$0.77$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.77$0.25$6.52$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.22$0.29$5.93$0.39