Civic Intelligence

Rowan University Foundation Inc.

990 • Fiscal year 2017 • EIN 22-2482802

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 27, 2018

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

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

2017 filings • NTEE B • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.09x

Higher debt load relative to revenue than 14% of similar nonprofits.

2017 filings • NTEE B • $100M-$250M nonprofits • Source year 2017

Net Margin

95th percentile

47%

Higher net margin than 95% of similar nonprofits.

2017 filings • NTEE B • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

76th percentile

$579,390

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2017 filings • NTEE B • $100M-$250M nonprofits • Source year 2017

Asset Growth

63rd percentile

10%

Faster asset growth than 63% of similar nonprofits.

2017 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

15%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$209,624,286

Up $19,557,723 (+10%) from 2016

Net Assets

Up

$207,538,612

Up $21,527,222 (+12%) from 2016

Liabilities

Down

$2,085,674

Down $1,969,499 (-49%) from 2016

Revenue

Up

$24,464,029

Up $3,172,801 (+15%) from 2016

Expenses

Down

$12,889,469

Down $2,358,442 (-15%) from 2016

Net Income

Up

$11,574,560

Up $5,531,243 (+92%) from 2016

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

2017

Assets$209,624,286
Liabilities$2,085,674
Net Assets$207,538,612

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

2017

Revenue$24,464,029
Expenses$12,889,469
Net Income$11,574,560
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 27, 2018
Return Version
2016v3.1
Gross Receipts
$35,230,613
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$119,404,342$140,882,885▲ $21,478,543
Investments Other Securities$60,396,664$58,425,756▼ $1,970,908
Savings and Temporary Cash Investments$8,577,562$7,553,299▼ $1,024,263
Pledges and Grants Receivable$1,298,195$1,382,296▲ $84,101
Investments Program Related$386,200$1,380,050▲ $993,850
Prepaid Expenses and Deferred Charges$3,600$0▼ $3,600
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$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$190,066,563$209,624,286▲ $19,557,723
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$3,025,032$1,538,396▼ $1,486,636
Accounts Payable and Accrued Expenses$353,482$391,232▲ $37,750
Deferred Revenue$676,659$156,046▼ $520,613
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$4,055,173$2,085,674▼ $1,969,499
Net Assets / Fund Balance
Permanently Rstr Net Assets$126,454,072$133,312,697▲ $6,858,625
Unrestricted Net Assets$42,429,300$53,031,631▲ $10,602,331
Temporarily Rstr Net Assets$17,128,018$21,194,284▲ $4,066,266
Total Net Assets Fund Balance$186,011,390$207,538,612▲ $21,527,222
Total Liabilities and Net Assets / Fund Balance$190,066,563$209,624,286▲ $19,557,723

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$50,765,434--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$126,454,072$6,858,625--$133,312,697
2015$116,772,100$9,681,972--$126,454,072
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephen H ClarkChair
Erica OrtizVice Chair
John J ZabinskiDeputy Executive Director
Ronald J TallaridaDeputy Executive Director
Alyce Parkerdirector
Anthony CalabreseDirector
David BurginDirector
David J StroutDirector
Dorothy StubblebineDirector
Dr James E GeorgeDirector
George AwadDirector
Harry I ScheyerDirector
Jack TarditiDirector
James TarangeloDirector
Joe BottazziDirector
Paul Tullydirector
Pauline SchneiderDirector
Rbrey SingletonDirector
Reginald J MddletonDirector
Riley SheaDirector
Robert W HoeyDirector
Scott KintzingDirector
Stanley LaBrunaDirector
Tobias BruhnDirector
Tony GalvinDirector
Virgina SmithDirector
Dr Ali HoushmandDirector (Pres of Rowan Uni)
April Carty-SippSecretary
Jack HafnerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Donald A Campbell and CompanyConsulting1 East Wacker Dr Suite 2100, Chicago, IL 60601$172,048
Revenue and Support

Revenue Composition

Contributions and Grants
$12,950,608
Program Service Revenue
$0
Investment Income
$11,534,858
Other Revenue
$-21,437
All Other Contributions
$12,892,610
Change in Net Assets
$11,574,560

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 Traded11$1,209,953Fair market value
Other Non Cash Contri Table19$269,831Fair Market Value
Total Noncash Contributions30$1,479,784-

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,232,177
Revenue Not Reported on Financial Statements
$231,852
Revenue Not Reported on Form 990
$10,174,209
Total Revenue per Audited Statements
$34,406,386
Total Revenue per Form 990
$24,464,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$12,303,711
Other Expenses$585,758
Total Fundraising Expense$43,973
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$9,329,121--$9,329,121
Grants to Domestic Individuals$2,974,590--$2,974,590
Fees for Service Investment Mgmnt Fees-$344,115-$344,115
Fees for Services Legal-$52,276-$52,276
Fees for Services Accounting-$41,500-$41,500
Other Expenses$16,265-$35,045$35,045
Fees for Services Other-$29,577-$29,577
All Other Expenses$4,122-$5,948$10,070
Office Expenses-$1,474-$1,474
Total Functional Expenses$12,376,554$468,942$43,973$12,889,469

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,889,469
Total Expenses per Audited Statements$12,879,164
Expenses per Audited Statements$12,657,617
Expenses Not Reported on Financial Statements$231,852
Expenses Not Reported on Form 990$221,547
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rowan UniversityGlassboro, NJ115Program Services$9,329,121
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$43,587
Fundraising Gross Income$22,150
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$43,675$13,900$100$13,800
Mlk Breakfast$36,473$8,250$27,301$-19,051
Total Events$80,148$22,150$43,587$-21,437
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$1,538,396
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
Dep. Exec. Director
Phone
8562564127
Signed
2018-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald J Tallarida Jr
Formed
1983
Legal Domicile
Nj
Voting Board Members
27
Independent Board Members
26
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 $(177,960)

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) $43,587

Reconciliation of Expenses - Other

Schedule D, Part XII, Line 2d Actuarial Adjustment $177,960 Fundraising expense (reclass) 43,587 ---------- Total 221,547

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IRS990/Form990PartVIISectionAGrp/PersonNm0Dr Ali Houshmand
IRS990/Form990PartVIISectionAGrp/PersonNm1Stephen H Clark
IRS990/Form990PartVIISectionAGrp/PersonNm2Erica Ortiz
IRS990/Form990PartVIISectionAGrp/PersonNm3April Carty-Sipp
IRS990/Form990PartVIISectionAGrp/PersonNm4Paul Tully
IRS990/Form990PartVIISectionAGrp/PersonNm5Jack Hafner
IRS990/Form990PartVIISectionAGrp/PersonNm6Alyce Parker
IRS990/Form990PartVIISectionAGrp/PersonNm7George Awad
IRS990/Form990PartVIISectionAGrp/PersonNm8Tobias Bruhn
IRS990/Form990PartVIISectionAGrp/PersonNm9David Burgin
IRS990/Form990PartVIISectionAGrp/PersonNm10Anthony Calabrese
IRS990/Form990PartVIISectionAGrp/PersonNm11Tony Galvin
IRS990/Form990PartVIISectionAGrp/PersonNm12Dr James E George
IRS990/Form990PartVIISectionAGrp/PersonNm13Robert W Hoey
IRS990/Form990PartVIISectionAGrp/PersonNm14Scott Kintzing
IRS990/Form990PartVIISectionAGrp/PersonNm15Stanley LaBruna
IRS990/Form990PartVIISectionAGrp/PersonNm16Reginald J Mddleton
IRS990/Form990PartVIISectionAGrp/PersonNm17Harry I Scheyer
IRS990/Form990PartVIISectionAGrp/PersonNm18Pauline Schneider
IRS990/Form990PartVIISectionAGrp/PersonNm19Riley Shea
IRS990/Form990PartVIISectionAGrp/PersonNm20Rbrey Singleton
IRS990/Form990PartVIISectionAGrp/PersonNm21Virgina Smith
IRS990/Form990PartVIISectionAGrp/PersonNm22David J Strout
IRS990/Form990PartVIISectionAGrp/PersonNm23Dorothy Stubblebine
IRS990/Form990PartVIISectionAGrp/PersonNm24James Tarangelo
IRS990/Form990PartVIISectionAGrp/PersonNm25Joe Bottazzi
IRS990/Form990PartVIISectionAGrp/PersonNm26Jack Tarditi
IRS990/Form990PartVIISectionAGrp/PersonNm27Ronald J Tallarida
IRS990/Form990PartVIISectionAGrp/PersonNm28John J Zabinski
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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
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt28Deputy Executive Director
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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