Civic Intelligence

Rowan University Foundation Inc.

990 • Fiscal year 2015 • EIN 22-2482802

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

201 Mullica Hill RoadGlassboro, NJ 08028

(856) 256-4119

Siviq Scores

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

Liabilities / Assets

11th percentile

0.02x

Higher debt load relative to assets than 11% of similar nonprofits.

2015 filings • NTEE B • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.33x

Higher debt load relative to revenue than 25% of similar nonprofits.

2015 filings • NTEE B • $100M-$250M nonprofits • Source year 2015

Net Margin

10th percentile

-9.8%

Higher net margin than 10% of similar nonprofits.

2015 filings • NTEE B • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

61st percentile

$591,317

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

39th percentile

0.0%

Faster asset growth than 39% of similar nonprofits.

2015 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

2nd percentile

-61%

Faster revenue growth than 2% of similar nonprofits.

2015 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Up

$191,389,842

Up $74,301 (+0.0%) from 2014

Net Assets

Down

$188,206,903

Down $1,101,267 (-0.6%) from 2014

Liabilities

Up

$3,182,939

Up $1,175,568 (+59%) from 2014

Revenue

Down

$9,777,926

Down $15,566,758 (-61%) from 2014

Expenses

Up

$10,737,866

Up $120,935 (+1.1%) from 2014

Net Income

Down

-$959,940

Down $15,687,693 (-107%) from 2014

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $135,013,371Liabilities 2010: $1,707,556Net Assets 2010: $133,305,8152010Assets 2011: $155,800,151Liabilities 2011: $1,863,812Net Assets 2011: $153,936,3392011Assets 2012: $150,342,866Liabilities 2012: $1,913,735Net Assets 2012: $148,429,1312012Assets 2013: $166,735,559Liabilities 2013: $2,282,873Net Assets 2013: $164,452,6862013Assets 2014: $191,315,541Liabilities 2014: $2,007,371Net Assets 2014: $189,308,1702014Assets 2015: $191,389,842Liabilities 2015: $3,182,939Net Assets 2015: $188,206,9032015Assets 2016: $190,066,563Liabilities 2016: $4,055,173Net Assets 2016: $186,011,3902016Assets 2017: $209,624,286Liabilities 2017: $2,085,674Net Assets 2017: $207,538,6122017Assets 2018: $230,384,334Liabilities 2018: $2,848,991Net Assets 2018: $227,535,3432018Assets 2019: $237,594,328Liabilities 2019: $499,348Net Assets 2019: $237,094,9802019Assets 2020: $240,751,111Liabilities 2020: $2,746,793Net Assets 2020: $238,004,3182020Assets 2021: $339,808,677Liabilities 2021: $1,042,404Net Assets 2021: $338,766,2732021Assets 2022: $350,201,905Liabilities 2022: $856,638Net Assets 2022: $349,345,2672022Assets 2023: $391,588,315Liabilities 2023: $1,163,414Net Assets 2023: $390,424,9012023Assets 2024: $428,578,315Liabilities 2024: $1,277,307Net Assets 2024: $427,301,0082024

Highlighted filing

2015

Assets$191,389,842
Liabilities$3,182,939
Net Assets$188,206,903

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $9,302,0552010Expenses 2011: $9,604,3632011Expenses 2012: $8,148,4642012Expenses 2013: $10,186,5152013Revenue 2014: $25,344,684Expenses 2014: $10,616,931Net Income 2014: $14,727,7532014Revenue 2015: $9,777,926Expenses 2015: $10,737,866Net Income 2015: -$959,9402015Revenue 2016: $21,291,228Expenses 2016: $15,247,911Net Income 2016: $6,043,3172016Revenue 2017: $24,464,029Expenses 2017: $12,889,469Net Income 2017: $11,574,5602017Revenue 2018: $30,709,339Expenses 2018: $14,689,054Net Income 2018: $16,020,2852018Revenue 2019: $22,110,681Expenses 2019: $14,450,688Net Income 2019: $7,659,9932019Revenue 2020: $27,944,078Expenses 2020: $14,103,470Net Income 2020: $13,840,6082020Revenue 2021: $39,224,287Expenses 2021: $15,137,433Net Income 2021: $24,086,8542021Revenue 2022: $58,909,453Expenses 2022: $17,351,612Net Income 2022: $41,557,8412022Revenue 2023: $48,338,446Expenses 2023: $18,801,322Net Income 2023: $29,537,1242023Revenue 2024: $33,947,105Expenses 2024: $20,222,813Net Income 2024: $13,724,2922024

Highlighted filing

2015

Revenue$9,777,926
Expenses$10,737,866
Net Income-$959,940
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$25,229,910
Mission and Program Overview

Mission

The rowan university foundation supports rowan university by developing meaningful and synergistic relationships between the organization and the larger community as it advocates for quality and diverse scholarly experiences for students, faculty, staff, and alumni.

The Foundation's mission is to raise money and obtain objects of value, through donation, private or public grants, or gifts for the use of or benefitting Rowan University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$118,149,879$122,115,819▲ $3,965,940
Investments Other Securities$58,000,375$57,269,741▼ $730,634
Savings and Temporary Cash Investments$8,823,630$9,529,614▲ $705,984
Pledges and Grants Receivable$6,341,657$2,461,055▼ $3,880,602
Investments Program Related$0$13,613▲ $13,613
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$191,315,541$191,389,842▲ $74,301
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$1,414,812$2,426,917▲ $1,012,105
Deferred Revenue$359,477$531,069▲ $171,592
Accounts Payable and Accrued Expenses$233,082$224,953▼ $8,129
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,007,371$3,182,939▲ $1,175,568
Net Assets / Fund Balance
Permanently Rstr Net Assets$113,143,074$116,772,100▲ $3,629,026
Unrestricted Net Assets$53,885,609$51,649,169▼ $2,236,440
Temporarily Rstr Net Assets$22,279,487$19,785,634▼ $2,493,853
Total Net Assets Fund Balance$189,308,170$188,206,903▼ $1,101,267
Total Liabilities and Net Assets / Fund Balance$191,315,541$191,389,842▲ $74,301

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$52,548,431--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$113,143,074$3,629,026--$116,772,100
2013$111,016,668$2,126,406--$113,143,074
2012$110,285,093$731,575--$111,016,668
2011$109,559,372$725,721--$110,285,093
2010$108,685,061$874,311→ $0$0$109,559,372
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joe BottazziChair
Stephen H ClarkVice Chair
Ronald J TallaridaDeputy Executive Director
Alyce ParkerDirector
Anthony CalabreseDirector
April Carty SippDirector
David BurginDirector
David J StroutDirector
Dorothy StubblebineDirector
Dr James GeorgeDirector
Elizabeth FairclothDirector
George AwadDirector
Harry I ScheyerDirector
James TarangeloDirector
Kunal PatelDirector
Melissa ShoreDirector
Paul TullyDirector
Pauline SchneiderDirector
Robert W HoeyDirector
Scott KintzingDirector
Stanley LaBrunaDirector
Tobias BruhnDirector
Tony GalvinDirector
Virgina SmithDirector
Dr Ali HoushmandDirector (Pres of Rowan Uni)
Erica OrtizSecretary
Jack HafnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,546,518
Program Service Revenue
$0
Investment Income
$2,244,785
Other Revenue
$-13,377
All Other Contributions
$7,470,539
Change in Net Assets
$-959,940

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$104,106Fair market value
Other Non Cash Contri Table15$22,336Fair Market Value
Total Noncash Contributions21$126,442-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,777,926
Revenue Not Reported on Form 990
$4,090,249
Total Revenue per Audited Statements
$13,868,175
Total Revenue per Form 990
$9,777,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,173,923
Other Expenses$563,943
Total Fundraising Expense$52,909
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$8,158,914--$8,158,914
Grants to Domestic Individuals$2,015,009--$2,015,009
Fees for Service Investment Mgmnt Fees-$211,601-$211,601
Fees for Services Other$64,565$32,834-$97,399
Fees for Services Legal-$50,809-$50,809
Fees for Services Accounting-$36,165-$36,165
Other Expenses$20,000-$52,909$20,000
Insurance-$18,434-$18,434
All Other Expenses$4,800$2,523-$7,323
Office Expenses-$7,069-$7,069
Total Functional Expenses$10,325,522$359,435$52,909$10,737,866

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,969,442
Expenses per Audited Statements$10,737,866
Total Expenses per Form 990$10,737,866
Expenses Not Reported on Form 990$4,231,576
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rowan UniversityGlassboro, NJ115Program Services Financial Aid$8,158,914
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$30,512
Fundraising Gross Income$17,135
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$45,472$11,300$6,153$5,147
Mlk Breakfast$47,642$5,835$21,859$-16,024
Total Events$93,114$17,135$30,512$-13,377
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Held-alumni Association$1,463,683
Due to Rowan University$963,234
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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
Filing and Contact Details

Filer

Filer Name
Rowan University Foundation
EIN
22-2482802
In Care Of
% JOSEPH F SCULLY JR
Phone
8562564119
Address
201 Mullica Hill Road, Glassboro, NJ 08028

Signing Officer

Name
Rj Tallarida Jr
Title
Executive Director
Phone
8562564119
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald J Tallarida Jr
Formed
1983
Legal Domicile
Nj
Voting Board Members
26
Independent Board Members
25
Employees
0
Volunteers
25

Preparer

Firm
Grant Thornton Llp
Address
2001 MARKET STREET SUITE 700, PHILADELPHIA, PA 19103
Preparer
Russlee Armstrong
Phone
2155614200
Supplemental Narrative

Additional Explanations

Delegation of Authority

Form 990, Part VI, 1a The Board delegates its authority to the investment committee to make decisions regarding Foundation investments.

Form 990 Review Process

Form 990, Part VI, Line 11b The Rowan University Accounting Services Office (Accounting Services) acts as the liaison in the preparation of the tax returns for Rowan University Foundation (the Foundation). Accounting Services provides all the financial information to the paid tax preparer based on the Foundation's audited financial statements as well as the records of Rowan University's Accounting System for the Foundation. Accounting Services contacts the Foundation's officers and staff to obtain answers to the non-financial questions and provides this information to the paid tax preparer. A draft of the Form 990 is reviewed by accounting services personnel and the Foundation's officers and/or staff. Each board of directors member will receive a copy of the completed Form 990 prior to its filing with the Internal Revenue Service.

Conflict of Interest Policy Monitoring & Enforcement

Form 990, Part VI, Line 12c The Board is asked annually to review and sign the conflict of interest policy. All documents are then reviewed by the executive director to ensure there are no conflicts and/or address any issues.

How Documents are Made Available to the Public

Form 990, Part VI, Line 19 The governing documents, conflict of interest policy and financial statements are available upon request.

Part XI, Line 9

Actuarial Adjustment $(11,472) Loss on investment in Rowan Innovation Fund (36,387) --------- (47,859)

Financial Statement Notes

Intended Uses of Endowment Funds

Schedule D, Part V, Line 4 To provide scholarships to the students of Rowan University and gifts to Rowan University in meeting its educational mission.

Reconciliation of Revenue - Other

Schedule D, Part XI, Line 2d Fundraising expense (reclass) $41,984 Actuarial Adjustment (11,472) --------- Total 30,512

Reconciliation of Expenses - Other

Schedule D, Part XII, Line 2d Fundraising expense (reclass) $41,984

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IRS990/Form990PartVIISectionAGrp/PersonNm0Dr Ali Houshmand
IRS990/Form990PartVIISectionAGrp/PersonNm1Joe Bottazzi
IRS990/Form990PartVIISectionAGrp/PersonNm2Stephen H Clark
IRS990/Form990PartVIISectionAGrp/PersonNm3Erica Ortiz
IRS990/Form990PartVIISectionAGrp/PersonNm4Alyce Parker
IRS990/Form990PartVIISectionAGrp/PersonNm5Jack Hafner
IRS990/Form990PartVIISectionAGrp/PersonNm6Paul Tully
IRS990/Form990PartVIISectionAGrp/PersonNm7George Awad
IRS990/Form990PartVIISectionAGrp/PersonNm8Tobias Bruhn
IRS990/Form990PartVIISectionAGrp/PersonNm9David Burgin
IRS990/Form990PartVIISectionAGrp/PersonNm10Anthony Calabrese
IRS990/Form990PartVIISectionAGrp/PersonNm11Elizabeth Faircloth
IRS990/Form990PartVIISectionAGrp/PersonNm12Tony Galvin
IRS990/Form990PartVIISectionAGrp/PersonNm13Dr James George
IRS990/Form990PartVIISectionAGrp/PersonNm14Robert W Hoey
IRS990/Form990PartVIISectionAGrp/PersonNm15Scott Kintzing
IRS990/Form990PartVIISectionAGrp/PersonNm16Stanley LaBruna
IRS990/Form990PartVIISectionAGrp/PersonNm17Kunal Patel
IRS990/Form990PartVIISectionAGrp/PersonNm18Harry I Scheyer
IRS990/Form990PartVIISectionAGrp/PersonNm19Pauline Schneider
IRS990/Form990PartVIISectionAGrp/PersonNm20Melissa Shore
IRS990/Form990PartVIISectionAGrp/PersonNm21April Carty Sipp
IRS990/Form990PartVIISectionAGrp/PersonNm22Virgina Smith
IRS990/Form990PartVIISectionAGrp/PersonNm23David J Strout
IRS990/Form990PartVIISectionAGrp/PersonNm24Dorothy Stubblebine
IRS990/Form990PartVIISectionAGrp/PersonNm25James Tarangelo
IRS990/Form990PartVIISectionAGrp/PersonNm26Ronald J Tallarida
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director (Pres of Rowan Uni)
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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/TitleTxt26Deputy Executive Director
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IRS990/MissionDesc0THE FOUNDATION SHALL OPERATE WITH THE EXPRESS PURPOSE OF RAISING FUNDS AND OBTAINING OBJECTS OF VALUE, THROUGH DONATION, PRIVATE OR PUBLIC GRANTS, GIFTS OR OTHERWISE FOR THE USE OF OR BENEFITING ROWAN UNIVERSITY WITH THE GOAL OF ENRICHING THE EDUCATION AND STUDENT LIFE OF THE STUDENTS OF ROWAN UNIVERSITY AND IMPROVING THE EDUCATIONAL OPPORTUNITIES AND/OR SERVICES PROVIDED TO STUDENTS, FACULTY, ALUMNI AND THE GENERAL PUBLIC.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$429$1.28$427$33.9$20.2$13.7
2023Detailed filing. Detailed filing data is available for this year.$392$1.16$390$48.3$18.8$29.5
2022Detailed filing. Detailed filing data is available for this year.$350$0.86$349$58.9$17.4$41.6
2021Detailed filing. Detailed filing data is available for this year.$340$1.04$339$39.2$15.1$24.1
2020Detailed filing. Detailed filing data is available for this year.$241$2.75$238$27.9$14.1$13.8
2019Detailed filing. Detailed filing data is available for this year.$238$0.50$237$22.1$14.5$7.66
2018Detailed filing. Detailed filing data is available for this year.$230$2.85$228$30.7$14.7$16.0
2017Detailed filing. Detailed filing data is available for this year.$210$2.09$208$24.5$12.9$11.6
2016Detailed filing. Detailed filing data is available for this year.$190$4.06$186$21.3$15.2$6.04
2015Detailed filing. Detailed filing data is available for this year.$191$3.18$188$9.78$10.7$0.96
2014Detailed filing. Detailed filing data is available for this year.$191$2.01$189$25.3$10.6$14.7
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$167$2.28$164$10.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$1.91$148$8.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$156$1.86$154$9.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$135$1.71$133$9.30