Civic Intelligence

Rowan College at Burlington County Foundation

990 • Fiscal year 2018 • EIN 23-7292149

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 22, 2019

900 College CircleMT Laurel, NJ 08054

(856) 222-9311

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

79th percentile

20%

Higher net margin than 79% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

86th percentile

$185,682

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 35.6% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$4,043,857

No earlier filing loaded for comparison.

Net Assets

$4,000,437

No earlier filing loaded for comparison.

Liabilities

$43,420

No earlier filing loaded for comparison.

Revenue

$521,146

No earlier filing loaded for comparison.

Expenses

$414,409

No earlier filing loaded for comparison.

Net Income

$106,737

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2018: $4,043,857Liabilities 2018: $43,420Net Assets 2018: $4,000,4372018Assets 2020: $3,612,426Liabilities 2020: $61,055Net Assets 2020: $3,551,3712020Assets 2021: $3,870,600Liabilities 2021: $46,321Net Assets 2021: $3,824,2792021Assets 2022: $3,554,837Liabilities 2022: $31,787Net Assets 2022: $3,523,0502022Assets 2023: $3,757,401Liabilities 2023: $74,729Net Assets 2023: $3,682,6722023Assets 2024: $3,986,791Liabilities 2024: $79,442Net Assets 2024: $3,907,3492024Assets 2025: $4,182,052Liabilities 2025: $44,923Net Assets 2025: $4,137,1292025

Highlighted filing

2018

Assets$4,043,857
Liabilities$43,420
Net Assets$4,000,437

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $521,146Expenses 2018: $414,409Net Income 2018: $106,7372018Revenue 2020: $180,610Expenses 2020: $249,645Net Income 2020: -$69,0352020Revenue 2021: $204,271Expenses 2021: $242,413Net Income 2021: -$38,1422021Revenue 2022: $206,756Expenses 2022: $242,163Net Income 2022: -$35,4072022Revenue 2023: $251,769Expenses 2023: $303,109Net Income 2023: -$51,3402023Revenue 2024: $298,220Expenses 2024: $355,372Net Income 2024: -$57,1522024Revenue 2025: $340,203Expenses 2025: $380,989Net Income 2025: -$40,7862025

Highlighted filing

2018

Revenue$521,146
Expenses$414,409
Net Income$106,737
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 22, 2019
Return Version
2017v2.3
Gross Receipts
$573,933
Mission and Program Overview

Mission

Provide support to students attending rowan college at burlington county

Provide support for rowan college at burlington county students

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,913,083$3,019,732▲ $106,649
Cash and Non-Interest-Bearing Accounts$971,717$1,007,949▲ $36,232
Prepaid Expenses and Deferred Charges$7,869$5,200▼ $2,669
Total Assets$3,913,307$4,043,857▲ $130,550
Other Assets Total$20,638$10,976▼ $9,662
Liabilities
Accounts Payable and Accrued Expenses-$23,850-
Other Liabilities$19,607$19,570▼ $37
Total Liabilities$19,607$43,420▲ $23,813
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,725,483$1,763,424▲ $37,941
Temporarily Rstr Net Assets$1,617,285$1,721,532▲ $104,247
Unrestricted Net Assets$550,932$515,481▼ $35,451
Total Net Assets Fund Balance$3,893,700$4,000,437▲ $106,737
Total Liabilities and Net Assets / Fund Balance$3,913,307$4,043,857▲ $130,550

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,518--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$2,132,309$37,941▲ $152,739-$2,305,292
2016$1,889,928$41,778▲ $222,504-$2,132,309
2015$1,963,774$8,930▼ $55,815-$1,889,928
2014$1,917,885$45,469▲ $38,553-$1,963,774
2013$2,123,133-▲ $143,052$325,430$1,917,885
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Anika Ragins-rileyExecutive DirectorFT$115,875$115,875

Board Members and Trustees

NameTitle
Henry GosikChair
Pat MellerDevelopment Chair
Rhonda FeldScholarship Chair
Joseph TredinnickTrusteeship Chair
Danielle LucasVice Chair I
Karen AlbaneseVice Chair Ii
Kevin BrownCollege / Board Liason
Renee LiciagaCollege / Board Liason
Amanda LahnMember
Amy WebbMember
Colleen ZieglerMember
Dan CaldwellMember
Dan ClarkMember
Jenn OhweilerMember
Kirk MillerMember
Mary Ann Lacey-grayMember
Richard W Bell JrMember
Sam ThevanayagamMember
Stan EllisMember
Tony MahonMember
Wayne HilemanMember
Michael CioceSecretary
Phillip CorradinoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$137,728
Program Service Revenue
$0
Investment Income
$181,036
Other Revenue
$202,382
All Other Contributions
$137,728
Change in Net Assets
$106,737

Audited Revenue Reconciliation

Revenue per Audited Statements
$521,146
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$272,864
Total Revenue per Audited Statements
$794,010
Total Revenue per Form 990
$521,146
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$296,272
Other Expenses$118,137
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$296,272--$296,272
Other Expenses$48,916$69,221-$118,137
Total Functional Expenses$345,188$69,221$0$414,409

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$687,273
Expenses per Audited Statements$414,409
Total Expenses per Form 990$414,409
Expenses Not Reported on Form 990$272,864
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$255,169
Fundraising Direct Expenses$52,787
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Celebration of Philanthropy$248,434$248,434$52,787$195,647
5k Run$6,735$6,735-$6,735
Total Events$255,169$255,169$52,787$202,382
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$19,570
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
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

A copy of irs form 990 was distributed to the board members for their review prior to filing the return.

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

Board members are to complete a questionnaire upon his or her association with the foundation and shall be updated annually thereafter. The recording secretary will manage the yearly process of questionnaire completion by all board members.

Form 990, Part VI, Section B, Line 15

All compensation is paid by the related organization and is subject to review of that organization's board.

Form 990, Part VI, Section C, Line 19

The foundation makes its governing documents and financial statements available for public inspection upon written request to the executive director.

Filing and Contact Details

Filer

Filer Name
Burlington County College Foundation
EIN
23-7292149
Phone
8562229311
Address
900 COLLEGE CIRCLE, MT LAUREL, NJ 08054

Signing Officer

Name
Phillip Corradino
Title
Treasurer
Phone
8562229311
Signed
2019-04-22

Organization Details

Principal Officer
Danielle Lucas
Formed
1973
Legal Domicile
Nj
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
200

Preparer

Firm
Bowman & Company Llp
Address
601 WHITE HORSE ROAD, VOORHEES, NJ 08043-2493
Preparer
Robert P Nehila Jr
Phone
8564356200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

Investment earnings from endowment funds are used for student scholarships.

PART X, LINE 2:

The foundation 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. The foundation believes that in the event of an examination by taxing authorities, the position of the foundation would prevail based upon the technical merits of such positions. Therefore, the foundation has concluded that no tax benefits or liabilities are required to be recognized in accordance with the new requirements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR I
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR II
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEESHIP CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DEVELOPMENT CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SCHOLARSHIP CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8COLLEGE / BOARD LIASON
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IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17COLLEGE / BOARD LIASON
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