Civic Intelligence

Sussex County Community College

EIN 22-3785342 • 501(c)3 • Newton, NJ

Profile

The foundation for sussex county community college enhances the college's mission of providing educational excellence and cultural opportunities to the residents of sussex county and beyond. The foundation supports this mission through fund-raising and friend-raising efforts on the college's behalf. Funds are generated through annual giving campaigns, special events, and direct contributions. The funds raised support student scholarships, infrastructure, and expansion.

One College Hill RoadNewton, NJ 07860

www.sussex.edu/FOUNDATION

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.04x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.25x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$156,258

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 27.2% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

61st percentile

7.7%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

21%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,794,536

Up $272,457 (+7.7%) from 2023

Liabilities

Up

$144,995

Up $7,480 (+5.4%) from 2023

Net Assets

Up

$3,649,541

Up $264,977 (+7.8%) from 2023

Revenue

Up

$574,789

Up $98,803 (+21%) from 2023

Expenses

Down

$382,769

Down $27,109 (-6.6%) from 2023

Net Income

Up

$192,020

Up $125,912 (+190%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,244,198Liabilities 2011: $127,451Net Assets 2011: $1,116,7472011Assets 2012: $1,386,659Liabilities 2012: $280,912Net Assets 2012: $1,105,7472012Assets 2013: $1,364,840Liabilities 2013: $155,693Net Assets 2013: $1,209,1472013Assets 2014: $1,565,871Liabilities 2014: $188,839Net Assets 2014: $1,377,0322014Assets 2015: $1,830,504Liabilities 2015: $178,189Net Assets 2015: $1,652,3152015Assets 2016: $2,027,424Liabilities 2016: $124,277Net Assets 2016: $1,903,1472016Assets 2017: $2,092,272Liabilities 2017: $128,672Net Assets 2017: $1,963,6002017Assets 2018: $2,250,697Liabilities 2018: $177,518Net Assets 2018: $2,073,1792018Assets 2019: $2,668,554Liabilities 2019: $183,687Net Assets 2019: $2,484,8672019Assets 2020: $2,726,110Liabilities 2020: $30,521Net Assets 2020: $2,695,5892020Assets 2021: $3,284,658Liabilities 2021: $139,104Net Assets 2021: $3,145,5542021Assets 2022: $3,087,916Liabilities 2022: $23,166Net Assets 2022: $3,064,7502022Assets 2023: $3,522,079Liabilities 2023: $137,515Net Assets 2023: $3,384,5642023Assets 2024: $3,794,536Liabilities 2024: $144,995Net Assets 2024: $3,649,5412024

Highlighted filing

2024

Assets$3,794,536
Liabilities$144,995
Net Assets$3,649,541

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $276,0032011Expenses 2012: $229,6022012Expenses 2013: $231,7532013Revenue 2014: $414,321Expenses 2014: $314,007Net Income 2014: $100,3142014Revenue 2015: $597,425Expenses 2015: $312,439Net Income 2015: $284,9862015Revenue 2016: $480,902Expenses 2016: $279,487Net Income 2016: $201,4152016Revenue 2017: $372,054Expenses 2017: $408,052Net Income 2017: -$35,9982017Revenue 2018: $406,877Expenses 2018: $304,426Net Income 2018: $102,4512018Revenue 2019: $858,081Expenses 2019: $377,649Net Income 2019: $480,4322019Revenue 2020: $679,378Expenses 2020: $359,375Net Income 2020: $320,0032020Revenue 2021: $687,975Expenses 2021: $431,982Net Income 2021: $255,9932021Revenue 2022: $976,636Expenses 2022: $367,632Net Income 2022: $609,0042022Revenue 2023: $475,986Expenses 2023: $409,878Net Income 2023: $66,1082023Revenue 2024: $574,789Expenses 2024: $382,769Net Income 2024: $192,0202024

Highlighted filing

2024

Revenue$574,789
Expenses$382,769
Net Income$192,020

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.79$0.14$3.65$0.57$0.38$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.52$0.14$3.38$0.48$0.41$0.07
2022Detailed filing. Detailed filing data is available for this year.$3.09$0.02$3.06$0.98$0.37$0.61
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.14$3.15$0.69$0.43$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.73$0.03$2.70$0.68$0.36$0.32
2019Detailed filing. Detailed filing data is available for this year.$2.67$0.18$2.48$0.86$0.38$0.48
2018Detailed filing. Detailed filing data is available for this year.$2.25$0.18$2.07$0.41$0.30$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.09$0.13$1.96$0.37$0.41$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.12$1.90$0.48$0.28$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.83$0.18$1.65$0.60$0.31$0.28
2014Detailed filing. Detailed filing data is available for this year.$1.57$0.19$1.38$0.41$0.31$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.16$1.21$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.28$1.11$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.13$1.12$0.28
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$2,358,505
Mission and Program Overview

Mission

The foundation for sussex county community college enhances the college's mission of providing educational excellence and cultural opportunities to the residents of sussex county and beyond. The foundation supports this mission through fund-raising and friend-raising efforts on the college's behalf. Funds are generated through annual giving campaigns, special events, and direct contributions. The funds raised support student scholarships, infrastructure, and expansion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,505,335$2,022,533▼ $482,802
Savings and Temporary Cash Investments$76,186$451,021▲ $374,835
Cash and Non-Interest-Bearing Accounts$384,713$358,913▼ $25,800
Pledges and Grants Receivable$286,439$228,173▼ $58,266
Land, Buildings, and Equipment, Net$29,116$26,276▼ $2,840
Prepaid Expenses and Deferred Charges$2,869$1,000▼ $1,869
Total Assets$3,284,658$3,087,916▼ $196,742
Liabilities
Other Liabilities$129,233$16,041▼ $113,192
Accounts Payable and Accrued Expenses$9,871$7,125▼ $2,746
Total Liabilities$139,104$23,166▼ $115,938
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,965,664$2,769,058▼ $196,606
Net Assets Without Donor Restrictions$179,890$295,692▲ $115,802
Total Net Assets Fund Balance$3,145,554$3,064,750▼ $80,804
Total Liabilities and Net Assets / Fund Balance$3,284,658$3,087,916▼ $196,742

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,276$16,330$42,606

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,879,581$346,415▼ $272,927-$1,886,265
2020$1,396,003$221,385▲ $302,970-$1,879,581
2019$1,389,781$36,250▼ $1,378-$1,396,003
2018$1,251,757$67,835▲ $101,784-$1,389,781
2017$1,170,121$116,940▲ $19,724-$1,251,757
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stan KulaExecutive DirectorFT$113,121$11,504$124,625

Board Members and Trustees

NameTitle
Roger ThomasChair
Jamie LacoutureVice Chair Thru Dec 2021
Ketan GandhiCFO/director
Alissa IsaacsonDirector
Dr Jon H ConnollyDirector
Heidi WeberDirector
Kurt GeweckeDirector
Lorraine ParkerDirector
Maryanne FoxDirector
Robin TomlinsonDirector
Sean McguireDirector
Tyler MorgusDirector
William CurcioDirector
Howard BurellDirector Thru Dec 2021
John CarafelloDirector Thru Dec 2021
Joseph DipaoloDirector Thru Dec 2021
Judith a Taterka SecretaryEff. Jan 2022/director Thru Dec 2021
Jude Digidio Vice-chair EffJan 2022/director Thru Dec 2021
Ann Bain Director EffJan. 2022/secretary Thru Dec 2021
Jim CaristiaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$663,810
Program Service Revenue
$0
Investment Income
$317,212
Other Revenue
$-4,386
All Other Contributions
$601,496
Change in Net Assets
$609,004

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$72,020Avg. Selling Price
Cars and Other Vehicles1$3,500Appraisal
Total Noncash Contributions3$75,520-

Audited Revenue Reconciliation

Revenue per Audited Statements
$967,161
Revenue Not Reported on Financial Statements
$9,475
Revenue Not Reported on Form 990
$-451,365
Other Revenue Adjustments
$9,475
Total Revenue per Audited Statements
$515,796
Total Revenue per Form 990
$976,636
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$198,472
Other Expenses$169,160
Total Fundraising Expense$33,564
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$156,115--$156,115
Grants to Domestic Orgs$42,357--$42,357
Office Expenses$8,142$6,046$8,142$22,330
Fees for Services Accounting-$20,580-$20,580
Advertising--$4,002$4,002
Depreciation Depletion-$2,840-$2,840
Other Expenses$11,675$1,755$21,420$1,755
Total Functional Expenses$275,826$58,242$33,564$367,632

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$596,600
Total Expenses per Form 990$367,632
Expenses per Audited Statements$358,157
Expenses Not Reported on Form 990$238,443
Expenses Not Reported on Financial Statements$9,475
Other Expense Adjustments$9,475
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sussex County Community CollegeNewton, NJ501(c)(3)To Enhance and Support the Mission of Sussex County Community College$42,357
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,712
Fundraising Gross Income$8,606
Gaming Gross Income$240
Gaming Direct Expenses$20
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Scholarship Ball$70,920$8,606$1,440$7,166
Total Events$70,920$8,606$13,712$-5,106
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Sussex County Community College$16,041
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. The 990 is completed and reviewed by the sccc foundation director and the institutional comptroller prior to filing the 990 with the irs.

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

Sussex county community college foundation has in place a conflict-of-interest policy which it annually monitors and enforces. The board currently mandates that all directors, officers, key sccc employees, or member of a foundation committee with governing board delegate powers, annually sign a conflict of-interest policy and disclose any potential or actual conflicts that may exist. The signed conflict of interest policy is submitted to the board who reviews the signed attestations for potential or actual conflicts. If a potential or actual conflict exists, the board or committee will inform the member of the basis of such belief and afford the member an opportunity to respond. The board or committee minutes will document the disclosure of the conflict of interest and how the conflict was handled. The person with the actual conflict of interest will be prohibited from voting on the matter that gives rise to the conflict. If there has been substantial and repeated failures to disclose actual conflicts of interest, the board may take appropriate disciplinary and corrective action, including removal of the member.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Sussex County Community College
EIN
22-3785342
Phone
9733002121
Address
ONE COLLEGE HILL ROAD, NEWTON, NJ 07860

Signing Officer

Name
Manal Meseha
Title
Institutional Comptroller
Phone
9733002121
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stan Kula
Formed
1983
Legal Domicile
Nj
Voting Board Members
16
Independent Board Members
14
Employees
0
Volunteers
18

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
20 COMMERCE DRIVE SUITE 301, CRANFORD, NJ 07016-3618
Preparer
Garrett M Higgins
Phone
9082726200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's entire board of directors assumes responsibility for oversight of the audit of the organization's financial statements and the selection of an independent accountant. The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

Endowments are established for student scholarships based on the criteria set by the donor. The scholarships are awarded to students who meet the requirements for each individual scholarship and the funds are then released.

PART X, LINE 2:

The foundation is exempt from federal income taxes under internal revenue code section 501(c)(3) and, therefore, has made no provision for federal income taxes. It is also exempt from state and local income taxes. In addition, the foundation has been determined by the internal revenue service not to be a "private foundation" within the meaning of section 509(a)(1) of the code. Other significant tax positions include its determination of whether any amounts are subject to unrelated business income tax ("ubit"). Management regularly reviews and evaluates its tax positions taken in previously filed information returns and as reflected in its financial statements, with regard to issues affecting its tax-exempt status, unrelated business income and related matters. All significant tax positions have been considered by management and it has been determined that all tax positions would be sustained upon examination by taxing authorities. Therefore, management has concluded that no tax benefits or liabilities are required to be recognized. The organization is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to june 30, 2019.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Program expenses netted against fundraising income 9,475.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Program expenses netted against fundraising income 9,475.

Raw XML AppendixShowing 400 of 658 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07125
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE FOUNDATION FOR SUSSEX COUNTY COMMUNITY COLLEGE ENHANCES THE COLLEGE'S MISSION OF PROVIDING EDUCATIONAL EXCELLENCE AND CULTURAL OPPORTUNITIES TO THE RESIDENTS OF SUSSEX COUNTY AND BEYOND. THE FOUNDATION SUPPORTS THIS MISSION THROUGH FUND-RAISING AND FRIEND-RAISING EFFORTS ON THE COLLEGE'S BEHALF. FUNDS ARE GENERATED THROUGH ANNUAL GIVING CAMPAIGNS, SPECIAL EVENTS, AND DIRECT CONTRIBUTIONS. THE FUNDS RAISED SUPPORT STUDENT SCHOLARSHIPS, INFRASTRUCTURE, AND EXPANSION.
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STAN KULA
IRS990/BooksInCareOfDetail/PhoneNum09733002121
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0ONE COLLEGE HILL ROAD
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IRS990/Desc0TO ASSIST SUSSEX COUNTY COMMUNITY COLLEGE'S GROWTH IN SCHOLARSHIPS, NEW PROGRAMS AND FACULTY DEVELOPMENT TO OFFER EDUCATIONAL OPPORTUNITIES TO THOSE SEEKING POST SECONDARY EDUCATION, AND TO OFFER COMMUNITY AND CULTURAL ACTIVITIES TO RESIDENTS OF SUSSEX COUNTY AND BEYOND.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt209050
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IRS990/Form990PartVIISectionAGrp/PersonNm1ROGER THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm2JUDE DIGIDIO VICE-CHAIR EFF
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMIE LACOUTURE
IRS990/Form990PartVIISectionAGrp/PersonNm4JIM CARISTIA
IRS990/Form990PartVIISectionAGrp/PersonNm5JUDITH A TATERKA SECRETARY
IRS990/Form990PartVIISectionAGrp/PersonNm6ANN BAIN DIRECTOR EFF
IRS990/Form990PartVIISectionAGrp/PersonNm7HOWARD BURELL
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN CARAFELLO
IRS990/Form990PartVIISectionAGrp/PersonNm9DR JON H CONNOLLY
IRS990/Form990PartVIISectionAGrp/PersonNm10WILLIAM CURCIO
IRS990/Form990PartVIISectionAGrp/PersonNm11JOSEPH DIPAOLO
IRS990/Form990PartVIISectionAGrp/PersonNm12MARYANNE FOX
IRS990/Form990PartVIISectionAGrp/PersonNm13KURT GEWECKE
IRS990/Form990PartVIISectionAGrp/PersonNm14ALISSA ISAACSON
IRS990/Form990PartVIISectionAGrp/PersonNm15SEAN MCGUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm16TYLER MORGUS
IRS990/Form990PartVIISectionAGrp/PersonNm17LORRAINE PARKER
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBIN TOMLINSON
IRS990/Form990PartVIISectionAGrp/PersonNm19HEIDI WEBER
IRS990/Form990PartVIISectionAGrp/PersonNm20STAN KULA
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20115575
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0CFO/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2JAN 2022/DIRECTOR THRU DEC 2021
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR THRU DEC 2021
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5EFF. JAN 2022/DIRECTOR THRU DEC 2021
IRS990/Form990PartVIISectionAGrp/TitleTxt6JAN. 2022/SECRETARY THRU DEC 2021
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR THRU DEC 2021
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR THRU DEC 2021
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR THRU DEC 2021
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/TitleTxt20EXECUTIVE DIRECTOR
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IRS990/MissionDesc0THE FOUNDATION FOR SUSSEX COUNTY COMMUNITY COLLEGE ENHANCES THE COLLEGE'S MISSION OF PROVIDING EDUCATIONAL EXCELLENCE AND CULTURAL OPPORTUNITIES TO THE RESIDENTS OF SUSSEX COUNTY AND BEYOND. THE FOUNDATION SUPPORTS THIS MISSION THROUGH FUND-RAISING AND FRIEND-RAISING EFFORTS ON THE COLLEGE'S BEHALF. FUNDS ARE GENERATED THROUGH ANNUAL GIVING CAMPAIGNS, SPECIAL EVENTS, AND DIRECT CONTRIBUTIONS. THE FUNDS RAISED SUPPORT STUDENT SCHOLARSHIPS, INFRASTRUCTURE, AND EXPANSION.
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