Civic Intelligence

Atlantic Cape Community College Foundati

EIN 22-2393679 • 501(c)3 • Mays Landing, NJ

Profile

The Atlantic Cape Community College Foundation's mission is to provide funding and support to Atlantic Cape Community College, its students and educational endeavors, through special event fundraising and community philanthropy.

5100 Black Horse PikeMays Landing, NJ 08330

www.atlantic.edu/foundation

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.17x

Higher debt load relative to assets than 46% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.90x

Higher debt load relative to revenue than 80% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Net Margin

82nd percentile

28%

Higher net margin than 82% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$310,464

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 22.8% of source-year revenue.

NTEE B • $5M-$10M nonprofits • Source year 2024

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

42%

Faster revenue growth than 80% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$7,147,287

Up $857,655 (+14%) from 2023

Liabilities

Up

$1,221,208

Up $19,676 (+1.6%) from 2023

Net Assets

Up

$5,926,079

Up $837,979 (+16%) from 2023

Operations
Liabilities / Revenue80th percentileNet Margin82nd percentile

Revenue

Up

$1,364,373

Up $403,321 (+42%) from 2023

Expenses

Down

$978,337

Down $33,242 (-3.3%) from 2023

Net Income

Up

$386,036

Up $436,563 (+864%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,063,290Liabilities 2011: $715,335Net Assets 2011: $2,347,9552011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012Assets 2013: $3,786,211Liabilities 2013: $706,357Net Assets 2013: $3,079,8542013Assets 2014: $4,480,090Liabilities 2014: $827,979Net Assets 2014: $3,652,1112014Assets 2015: $4,175,665Liabilities 2015: $426,348Net Assets 2015: $3,749,3172015Assets 2016: $4,223,991Liabilities 2016: $507,866Net Assets 2016: $3,716,1252016Assets 2017: $4,691,399Liabilities 2017: $667,633Net Assets 2017: $4,023,7662017Assets 2018: $5,102,874Liabilities 2018: $849,169Net Assets 2018: $4,253,7052018Assets 2019: $5,275,693Liabilities 2019: $803,420Net Assets 2019: $4,472,2732019Assets 2020: $5,358,841Liabilities 2020: $869,165Net Assets 2020: $4,489,6762020Assets 2021: $6,521,475Liabilities 2021: $880,994Net Assets 2021: $5,640,4812021Assets 2022: $5,704,991Liabilities 2022: $968,649Net Assets 2022: $4,736,3422022Assets 2023: $6,289,632Liabilities 2023: $1,201,532Net Assets 2023: $5,088,1002023Assets 2024: $7,147,287Liabilities 2024: $1,221,208Net Assets 2024: $5,926,0792024

Highlighted filing

2024

Assets$7,147,287
Liabilities$1,221,208
Net Assets$5,926,079
Open 2024 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $587,102Expenses 2011: $697,154Net Income 2011: -$110,0522011Revenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $1,073,468Expenses 2013: $480,833Net Income 2013: $592,6352013Revenue 2014: $818,128Expenses 2014: $536,494Net Income 2014: $281,6342014Revenue 2015: $718,891Expenses 2015: $358,662Net Income 2015: $360,2292015Revenue 2016: $617,465Expenses 2016: $490,387Net Income 2016: $127,0782016Revenue 2017: $866,321Expenses 2017: $783,897Net Income 2017: $82,4242017Revenue 2018: $1,123,495Expenses 2018: $803,517Net Income 2018: $319,9782018Revenue 2019: $1,002,350Expenses 2019: $835,027Net Income 2019: $167,3232019Revenue 2020: $761,873Expenses 2020: $791,666Net Income 2020: -$29,7932020Revenue 2021: $1,187,661Expenses 2021: $736,280Net Income 2021: $451,3812021Revenue 2022: $1,231,964Expenses 2022: $923,639Net Income 2022: $308,3252022Revenue 2023: $961,052Expenses 2023: $1,011,579Net Income 2023: -$50,5272023Revenue 2024: $1,364,373Expenses 2024: $978,337Net Income 2024: $386,0362024

Highlighted filing

2024

Revenue$1,364,373
Expenses$978,337
Net Income$386,036
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,147,287
Liabilities
$1,221,208
Net assets
$5,926,079
Revenue
$1,364,373
Expenses
$978,337
Net income
$386,036
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.15$1.22$5.93$1.36$0.98$0.39
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.29$1.20$5.09$0.96$1.01$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.70$0.97$4.74$1.23$0.92$0.31
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.52$0.88$5.64$1.19$0.74$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.36$0.87$4.49$0.76$0.79$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.28$0.80$4.47$1.00$0.84$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.10$0.85$4.25$1.12$0.80$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.69$0.67$4.02$0.87$0.78$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.22$0.51$3.72$0.62$0.49$0.13
2015Detailed filing. Detailed filing data is available for this year.$4.18$0.43$3.75$0.72$0.36$0.36
2014Detailed filing. Detailed filing data is available for this year.$4.48$0.83$3.65$0.82$0.54$0.28
2013Summary only. Only limited summary data is available for this year.$3.79$0.71$3.08$1.07$0.48$0.59
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2011Summary only. Only limited summary data is available for this year.$3.06$0.72$2.35$0.59$0.70$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$3,515,489
Mission and Program Overview

Mission

The atlantic cape community college foundation's mission is to provide funding and support to atlantic cape community college, its students and educational endeavors, through special event fundraising and community philanthropy.

The atlantic cape community college foundation's mission is to provide funding and support to atlantic cape community college, its students, and educational endeavors, through special event fundraising and community philanthropy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,650,152$6,312,194▲ $662,042
Cash and Non-Interest-Bearing Accounts$590,705$751,275▲ $160,570
Pledges and Grants Receivable$47,330$83,180▲ $35,850
Prepaid Expenses and Deferred Charges$1,445$638▼ $807
Total Assets$6,289,632$7,147,287▲ $857,655
Liabilities
Accounts Payable and Accrued Expenses$1,108,654$1,154,341▲ $45,687
Deferred Revenue$92,878$66,867▼ $26,011
Total Liabilities$1,201,532$1,221,208▲ $19,676
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,561,509$5,097,072▲ $535,563
Net Assets Without Donor Restrictions$526,591$829,007▲ $302,416
Total Net Assets Fund Balance$5,088,100$5,926,079▲ $837,979
Total Liabilities and Net Assets / Fund Balance$6,289,632$7,147,287▲ $857,655

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$738,757--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$3,496,553$56,760▲ $146,447-$3,610,560
2022$3,412,751$49,100▲ $134,702-$3,496,553
2021$3,463,601$19,182▲ $29,968-$3,412,751
2020$3,315,955$39,584▲ $203,037-$3,463,601
2019$3,292,657$7,529▲ $139,619-$3,315,955
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Christopher MularzAssociate DirectorPT$132,368$132,368

Board Members and Trustees

NameTitle
Dr Barbara GabaAtlantic Cape President
James M RutalaPresident
Kenneth J Calemmo JrFirst Vice President
Terry BuddSecond Vice President
Nicholas Cashan IiiThird Vice President
Julia TrainAlumni Representative Trustee Liaison
Jeff WenzelAssociate Director
Adetoro AboderinDirector
Ahmet SahingozDirector
Bhavini DoshiDirector
Charles E PessagnoDirector
Chris LeeDirector
Cynthia CooperDirector
Gordon J PherriboDirector
Hugh TurnerDirector
James J Lees JrDirector
Jonathan DiegoDirector
Kathy BirkenstockDirector
Leslie DiluigiDirector
Michael MontyDirector
Rebecca GuerrasioDirector
Robert W Bucknam Jr EsqDirector
Ryan SmithDirector
Stephanie M ScolaDirector
Steven StokesDirector
Tom SuthardDirector
Trina McsorleyDirector
VINCENT D'ALESSANDRODirector
Vicki ClarkDirector
Wendy BartlettDirector
Zachary MullockDirector
Jean McalisterExecutive Director
Christina ClemansTrustee Liaison
Stephen R Nehmad EsqSecretary
Linda BazemoreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$868,624
Program Service Revenue
$0
Investment Income
$236,542
Other Revenue
$259,207
All Other Contributions
$776,299
Change in Net Assets
$386,036

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
Other Non Cash Contri Table77$99,524Fair Market Value (FMV)
Total Noncash Contributions77$99,524-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,723,059
Revenue Not Reported on Financial Statements
$-358,686
Revenue Not Reported on Form 990
$604,353
Other Revenue Adjustments
$-358,686
Total Revenue per Audited Statements
$2,327,412
Total Revenue per Form 990
$1,364,373
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$867,403
Other Expenses$110,934
Total Fundraising Expense$35,198
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$788,149--$788,149
Grants to Domestic Orgs$79,254--$79,254
Advertising--$20,380$20,380
Fees for Services Accounting$1,600$14,400-$16,000
Other Expenses$738$6,632$6,926$7,370
Office Expenses$23$210$2,189$2,422
Travel$26$232$293$551
Total Functional Expenses$874,978$68,161$35,198$978,337

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,489,433
Expenses per Audited Statements$978,337
Total Expenses per Form 990$978,337
Expenses Not Reported on Form 990$511,096
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Atlantic Cape Community CollegeMays Landing, NJN/aEducational Endeavors$79,254
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$398,532
Fundraising Direct Expenses$155,187
Gaming Gross Income$28,450
Gaming Direct Expenses$12,588
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Accc College Gala$371,597$287,297$7,156$280,141
Golf Outing$73,370$65,345$4,738$60,607
Total Events$490,857$398,532$155,187$243,345
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
Backup withholding compliance
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
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 form 990 is reviewed by the members of the foundation finance committee who vote to approve it and recommend approval by the board of directors. At the next regularly scheduled full board meeting, the chair makes a recommendation and the full board votes on the form 990. If the full board is not meeting prior to date of required submission, the executive committee reviews and approves and the president and other officers sign and submit the form 990 and the full board is informed at the next regularly scheduled meeting.”

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

“Every june at the time of the annual meeting and after elections, members of the board of directors are asked to review the policy and sign an acknowledgement form.”

Form 990, Part VI, Section B, Line 15

“The foundation has no employees. College staff help to support the foundation's activities as part of their ongoing duties. The executive director is on an annual contract with the college and compensation mirrors those salary levels, raises, and beneftis determined by labor contract negotiations.”

Form 990, Part VI, Section C, Line 19

“Policies and procedures, annual audit, and bylaws and are located at www.atlantic.edu/foundation. Form 990 can be obtained via the website www.guidestar.org. In addition the foundation annual audit is incorporated into the college audit which is included in the annual report-both published and on the web. Form 1023 is made available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Atlantic Cape Community College Foundati
EIN
22-2393679
Phone
6093434900
Address
5100 BLACK HORSE PIKE, MAYS LANDING, NJ 08330

Signing Officer

Name
Jean Mcalister
Title
Executive Director
Phone
6093434901
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Mcalister
Formed
1978
Legal Domicile
Nj
Voting Board Members
36
Independent Board Members
32
Employees
0
Volunteers
68

Preparer

Firm
Bowman & Company Llp
Address
601 WHITE HORSE ROAD, VOORHEES, NJ 08043-2493
Preparer
Fred S Caltabiano
Phone
8564356200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No change from previous year”

Financial Statement Notes

PART V, LINE 4:

“The foundation's endowment funds consist of investments to be held in perpetuity. Some endowments require that 10% and 20% of the income be added to principal and the remainder be used to fund scholarships. Other endowments require that all income be used for scholarships.”

PART X, LINE 2:

“The organization follows the financial accounting standards board(fasb) guidance that requires a tax position to be recognized based on a "more likely than not" threshold. The organization does not believe its financial statements include any uncertain tax positions. No interest or penalties pertaining to uncertain tax positions were required to be recognized in the year ended june 30, 2022.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Direct expenses of fundraising and gaming events -358,686.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct expenses of fundraising and gaming events 358,686.”

Raw XML AppendixShowing 400 of 833 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES M RUTALA
IRS990/Form990PartVIISectionAGrp/PersonNm1KENNETH J CALEMMO JR
IRS990/Form990PartVIISectionAGrp/PersonNm2TERRY BUDD
IRS990/Form990PartVIISectionAGrp/PersonNm3NICHOLAS CASHAN III
IRS990/Form990PartVIISectionAGrp/PersonNm4LINDA BAZEMORE
IRS990/Form990PartVIISectionAGrp/PersonNm5STEPHEN R NEHMAD ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm6CHRISTINA CLEMANS
IRS990/Form990PartVIISectionAGrp/PersonNm7JULIA TRAIN
IRS990/Form990PartVIISectionAGrp/PersonNm8CYNTHIA COOPER
IRS990/Form990PartVIISectionAGrp/PersonNm9VINCENT D'ALESSANDRO
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBERT W BUCKNAM JR ESQ
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IRS990/Form990PartVIISectionAGrp/PersonNm19REBECCA GUERRASIO
IRS990/Form990PartVIISectionAGrp/PersonNm20CHARLES E PESSAGNO
IRS990/Form990PartVIISectionAGrp/PersonNm21GORDON J PHERRIBO
IRS990/Form990PartVIISectionAGrp/PersonNm22STEPHANIE M SCOLA
IRS990/Form990PartVIISectionAGrp/PersonNm23RYAN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm24AHMET SAHINGOZ
IRS990/Form990PartVIISectionAGrp/PersonNm25HUGH TURNER
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IRS990/Form990PartVIISectionAGrp/PersonNm27CHRISTOPHER MULARZ
IRS990/Form990PartVIISectionAGrp/PersonNm28JEAN MCALISTER
IRS990/Form990PartVIISectionAGrp/PersonNm29JEFF WENZEL
IRS990/Form990PartVIISectionAGrp/PersonNm30CHRIS LEE
IRS990/Form990PartVIISectionAGrp/PersonNm31JAMES J LEES JR
IRS990/Form990PartVIISectionAGrp/PersonNm32MICHAEL MONTY
IRS990/Form990PartVIISectionAGrp/PersonNm33STEVEN STOKES
IRS990/Form990PartVIISectionAGrp/PersonNm34TOM SUTHARD
IRS990/Form990PartVIISectionAGrp/PersonNm35DR BARBARA GABA
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1FIRST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECOND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3THIRD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE LIAISON
IRS990/Form990PartVIISectionAGrp/TitleTxt7ALUMNI REPRESENTATIVE TRUSTEE LIAISON
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35ATLANTIC CAPE PRESIDENT
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IRS990/MissionDesc0THE ATLANTIC CAPE COMMUNITY COLLEGE FOUNDATION'S MISSION IS TO PROVIDE FUNDING AND SUPPORT TO ATLANTIC CAPE COMMUNITY COLLEGE, ITS STUDENTS AND EDUCATIONAL ENDEAVORS, THROUGH SPECIAL EVENT FUNDRAISING AND COMMUNITY PHILANTHROPY.
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0451943

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