Civic Intelligence

Rutgers University Foundation

990 • Fiscal year 2016 • EIN 23-7318742

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

7 College Avenue Winants HallNew Brunswick, NJ 08901

(848) 932-8020

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.09x

Higher debt load relative to assets than 22% of similar nonprofits.

2016 filings • NTEE B • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

11th percentile

0.08x

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

2016 filings • NTEE B • $100M-$250M nonprofits • Source year 2016

Net Margin

12th percentile

-13%

Higher net margin than 12% of similar nonprofits.

2016 filings • NTEE B • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

47th percentile

$444,111

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

4th percentile

-15%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

33rd percentile

-2.1%

Faster revenue growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Down

$108,486,687

Down $19,694,382 (-15%) from 2015

Net Assets

Down

$98,244,763

Down $17,879,617 (-15%) from 2015

Liabilities

Down

$10,241,924

Down $1,814,765 (-15%) from 2015

Revenue

Down

$131,959,383

Down $2,838,702 (-2.1%) from 2015

Expenses

Up

$148,818,775

Up $19,034,617 (+15%) from 2015

Net Income

Down

-$16,859,392

Down $21,873,319 (-436%) from 2015

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $115,227,661Liabilities 2010: $9,864,956Net Assets 2010: $105,362,7052010Assets 2013: $109,432,291Liabilities 2013: $8,802,737Net Assets 2013: $100,629,5542013Assets 2014: $121,844,500Liabilities 2014: $9,289,471Net Assets 2014: $112,555,0292014Assets 2015: $128,181,069Liabilities 2015: $12,056,689Net Assets 2015: $116,124,3802015Assets 2016: $108,486,687Liabilities 2016: $10,241,924Net Assets 2016: $98,244,7632016Assets 2017: $124,291,655Liabilities 2017: $9,894,888Net Assets 2017: $114,396,7672017Assets 2018: $140,469,727Liabilities 2018: $17,247,331Net Assets 2018: $123,222,3962018Assets 2020: $125,048,274Liabilities 2020: $22,531,354Net Assets 2020: $102,516,9202020Assets 2021: $149,036,870Liabilities 2021: $24,801,942Net Assets 2021: $124,234,9282021Assets 2022: $133,617,219Liabilities 2022: $22,216,042Net Assets 2022: $111,401,1772022Assets 2024: $102,053,932Liabilities 2024: $25,645,077Net Assets 2024: $76,408,8552024

Highlighted filing

2016

Assets$108,486,687
Liabilities$10,241,924
Net Assets$98,244,763

Operations Trend

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

$300M$200M$100M$0-$100MExpenses 2010: $84,266,5242010Expenses 2013: $102,680,8542013Revenue 2014: $126,535,079Expenses 2014: $125,499,889Net Income 2014: $1,035,1902014Revenue 2015: $134,798,085Expenses 2015: $129,784,158Net Income 2015: $5,013,9272015Revenue 2016: $131,959,383Expenses 2016: $148,818,775Net Income 2016: -$16,859,3922016Revenue 2017: $157,731,373Expenses 2017: $142,103,444Net Income 2017: $15,627,9292017Revenue 2018: $160,283,389Expenses 2018: $146,087,885Net Income 2018: $14,195,5042018Revenue 2020: $165,256,945Expenses 2020: $174,222,449Net Income 2020: -$8,965,5042020Revenue 2021: $173,496,480Expenses 2021: $151,685,786Net Income 2021: $21,810,6942021Revenue 2022: $202,492,280Expenses 2022: $215,703,305Net Income 2022: -$13,211,0252022Revenue 2024: $150,867,652Expenses 2024: $144,644,902Net Income 2024: $6,222,7502024

Highlighted filing

2016

Revenue$131,959,383
Expenses$148,818,775
Net Income-$16,859,392
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$167,520,327
Mission and Program Overview

Mission

The sole mission of the rutgers university foundation, since its founding in 1973, is to support rutgers, the state university of new jersey, and help it attain excellence in education, research, and public service (continued on schedule o) by building relationships with alumni, parents, friends, corporations, foundations, and other supporters, the foundation raises money for, and matches donors interests to, rutgers priorities, as set forth by university leadership.

To support rutgers, the state university of new jersey, and help it (continued on schedule o) attain excellence in education, research and public service by building relationships with supporters to raise money for rutgers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$70,872,647$71,247,922▲ $375,275
Savings and Temporary Cash Investments$23,948,028$18,732,027▼ $5,216,001
Investments in Publicly Traded Securities$28,336,260$13,346,240▼ $14,990,020
Accounts Receivable$3,604,769$3,951,304▲ $346,535
Prepaid Expenses and Deferred Charges$658,226$311,054▼ $347,172
Investments Other Securities$74,500$199,500▲ $125,000
Total Assets$128,181,069$108,486,687▼ $19,694,382
Other Assets Total$686,639$698,640▲ $12,001
Liabilities
Other Liabilities$7,771,119$7,398,529▼ $372,590
Accounts Payable and Accrued Expenses$4,065,147$2,818,395▼ $1,246,752
Unsecured Notes Loans Payable$220,423$0▼ $220,423
Deferred Revenue-$25,000-
Total Liabilities$12,056,689$10,241,924▼ $1,814,765
Net Assets / Fund Balance
Temporarily Rstr Net Assets$96,855,356$89,432,212▼ $7,423,144
Permanently Rstr Net Assets$8,462,238$5,257,668▼ $3,204,570
Unrestricted Net Assets$10,806,786$3,554,883▼ $7,251,903
Total Net Assets Fund Balance$116,124,380$98,244,763▼ $17,879,617
Total Liabilities and Net Assets / Fund Balance$128,181,069$108,486,687▼ $19,694,382

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$9,191,120-▲ $18,481$6,888,400$2,303,535
2014$12,660,475-▲ $48,304$3,500,000$9,191,120
2013$17,077,147-▲ $127,484$4,500,000$12,660,475
2012$16,988,002-▲ $179,221-$17,077,147
2011$23,976,986$14,895▲ $430,869$6,500,000$16,988,002
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan C DolbertVice PresidentFT$337,518$106,593$444,111
Joyce HendricksVice PresidentFT$245,429$51,896$297,325
Julie D CummingsVice PresidentFT$196,495$22,595$219,090
Denise GavalaAssoc. Vice PresidentFT$189,021$26,464$215,485
Christopher P ZralyAssistant TreasurerFT$192,143$18,352$210,495
Robert ConstantAssociate Vice PresidentFT$180,330$26,478$206,808
Michael J MarionAssociate Vice PresidentFT$141,225$50,215$191,440
Drew a KaidenAssociate Vice PresidentFT$139,103$51,455$190,558
Kurt J HinrichsenAssociate Vice PresidentFT$173,493$12,589$186,082
Arlene RosolAssistant SecretaryFT$72,094$30,955$103,049

Board Members and Trustees

NameTitle
Brian D PerkinsChair
Nevin E KesslerEx-officio/president
Arthur CertosimoVice Chair
Peter D CherasiaVice Chair
Frank HundleyEx-officio Member
Robert L BarchiEx-officio Member
J Michael GowerEx-officio Member/treasurer
Alan M Crosta JrOverseer
Alan MichelsOverseer
Albert R Gamper JrOverseer
Amy TowersOverseer
Atiya AftabOverseer
Barbara M BauerOverseer
Benjamin S WolfeOverseer
Beverly AisenbreyOverseer
Bruce BinghamOverseer
Charles ChangOverseer
Chuck ChaplinOverseer
Daniel PhelanOverseer
Daniel ReinhardtOverseer
David HarrisOverseer
Dennis FentonOverseer
Dorian J WilsonOverseer
Gary M RodkinOverseer
Gerald H LipkinOverseer
Greg BrownOverseer
Harriett DruskinOverseer
James DoughertyOverseer
James MaidaOverseer
Joel E MillerOverseer
John J Vander ZeeOverseer
Joseph MoroneyOverseer
Joyce Albers-schonbergOverseer
Karen R WalshOverseer
Keith BanksOverseer
Kenneth D LawrenceOverseer
Kenneth M SchmidtOverseer
Kevin D McgrathOverseer
Leo B SchofferOverseer
Louise PerrinOverseer
Lucas J ViscontiOverseer
Mark P HershhornOverseer
Marlene a TepperOverseer
Michael N GoodkindOverseer
Paul ProfetaOverseer
Peter W GibsonOverseer
Philip S ScheinOverseer
Philip ScaloOverseer
Richard GoldmanOverseer
Richard H ShindellOverseer
Richard a AlaimoOverseer
Robert CampbellOverseer
Robert E MortensenOverseer
Ronald D WilsonOverseer
Ronald GaruttiOverseer
Scott E WhiteOverseer
Scott FranzblauOverseer
Sharon E KarmazinOverseer
Steven B BoehmOverseer
Steven D PlofkerOverseer
Steven H TemaresOverseer
Steven M DarienOverseer
Subha BarryOverseer
Susan RealeOverseer
Tara C YoungOverseer
Terry S BienstockOverseer
Thomas Mckay IiiOverseer
Thomas a RenyiOverseer
Timothy FarrowOverseer
Timothy LwhitesideOverseer
Vaughn L MckoyOverseer
Walter L LeibOverseer
Wendy Cai-leeOverseer
William V GiaconiaOverseer
Duncan L MacmillanSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Ruffalo Noel LevitzChar. Solic. & FndrsngPO BOX 718, Des Moines, IA 50303-0718$1,514,618
Stevens & LeeLegal Services100 LENOX DRIVE SUITE 200, Lawrenceville, NJ 08648$330,740
Community Counselling Services Co LLCFundraising Consulting461 5TH AVENUE 3RD FLOOR, New York, NY 10017$109,302
Revenue and Support

Revenue Composition

Contributions and Grants
$109,791,010
Program Service Revenue
$5,773,065
Investment Income
$1,622,025
Other Revenue
$14,773,283
All Other Contributions
$109,721,423
Change in Net Assets
$-16,859,392

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded322$20,646,088Fair Market Value (FMV)
Works of Art14$1,362,806Fair Market Value (FMV) - Appraisal
Real Estate Residential1$390,000Fair Market Value (FMV) - Appraisal
Other Non Cash Contri Table34$312,890Fair Market Value (FMV)
Drugs and Medical Supplies8$255,757Fair Market Value (FMV)
Collectibles2$214,500Fair Market Value (FMV) - Appraisal
Books and Publications-$36,709Fair Market Value (FMV)
Clothing and Household Goods-$24,004Fair Market Value (FMV)
Total Noncash Contributions381$23,242,754-

Audited Revenue Reconciliation

Revenue per Audited Statements
$132,146,109
Revenue Not Reported on Financial Statements
$-186,726
Revenue Not Reported on Form 990
$819,564
Other Revenue Adjustments
$-303,987
Total Revenue per Audited Statements
$132,965,673
Total Revenue per Form 990
$131,959,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$120,167,785
Salaries, Compensation, and Employee Benefits$14,465,352
Other Expenses$12,547,928
Total Fundraising Expense$3,350,892
Professional Fundraising Fees$1,637,710

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$120,167,785--$120,167,785
Other Salaries and Wages$7,264,928$2,325,821-$9,590,749
Fees for Services Management$1,632,599$1,808,084-$3,440,683
Other Employee Benefits$1,163,245$713,149-$1,876,394
Fees for Services Professional Fundraising--$1,637,710$1,637,710
Information Technology$339,273$959,801-$1,299,074
Current Officers, Directors, Trustees, and Key Employees-$1,196,599-$1,196,599
Payroll Taxes$695,266$263,410-$958,676
Office Expenses$364,121$532,438-$896,559
Pension Plan Contributions$639,623$203,311-$842,934
Occupancy$2,868$792,739-$795,607
Travel$402,419$86,077-$488,496
Fees for Services Other$386,975$40,008-$426,983
Fees for Services Legal$1,590$389,801-$391,391
Other Expenses$6,384$231,915$1,713,182$238,299
Conferences and Meetings$121,965$84,905-$206,870
All Other Expenses$2,717$166,282-$168,999
Advertising$104,348$59,343-$163,691
Fees for Service Investment Mgmnt Fees-$161,099-$161,099
Fees for Services Accounting-$107,491-$107,491
Insurance-$56,877-$56,877
Total Functional Expenses$135,225,058$10,242,825$3,350,892$148,818,775

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$150,845,290
Total Expenses per Form 990$148,818,775
Expenses per Audited Statements$148,701,514
Expenses Not Reported on Form 990$2,143,776
Expenses Not Reported on Financial Statements$117,261
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rutgers UniversityPiscataway, NJ170(b)(1)(a)(ii)Education-related/athletics$120,112,376
Douglass Associate AlumnaeNew Brunswick, NJ501 (c) (3)Education-related$55,409

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaInvestment-00-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,637,710
Gaming Gross Income$469,626
Gaming Direct Expenses$285,517
Fundraising Gross Income$31,687
Fundraising Direct Expenses$18,470

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pancreatic Golf Outing$58,576$14,474$631$13,843
Run for Rah$18,476$10,943$610$10,333
Total Events$101,274$31,687$18,470$13,217
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$6,986,679
Other Liabilities$411,850
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Form 990 is prepared by an independent accounting firm based on information provided by the foundation's staff. Draft return is reviewed by the cfo and then presented to the audit committee for their review and approval on behalf of the full board. The full board of overseers is provided a copy of the approved form 990 for their review prior to submission.

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

The audit committee chair reviews all related party transaction disclosure forms not less than annually. In the event that a board member's or staff member's status changes during the year the audit committee chair would review the updated change. All disclosure forms are available to members of the board of overseers upon request.

Form 990, Part VI, Section B, Line 15

The foundation's president reviews any changes in compensation for the senior management team on an annual basis. They utilize comparative salary information for other organizations to consider the reasonableness of the compensation for each individual.

Form 990, Part VI, Section C, Line 19

Upon request only at this time.

FORM 990, PART VI, LINE 17, LIST OF STATES RECEIVING COPY OF FORM 990:

Ok, or, sc, wa, wv, wi, me, nh

Filing and Contact Details

Filer

Filer Name
Rutgers University Foundation
EIN
23-7318742
Phone
8489328020
Address
7 COLLEGE AVENUE WINANTS HALL, NEW BRUNSWICK, NJ 08901

Signing Officer

Name
Christopher P Zraly
Title
CFO
Phone
7329322076
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher P Zraly
Formed
1973
Legal Domicile
Nj
Voting Board Members
74
Independent Board Members
74
Employees
211
Volunteers
101

Preparer

Firm
Cohnreznick Llp
Address
4 BECKER FARM ROAD, ROSELAND, NJ 07068
Preparer
Thomas Lanning
Phone
9732283500
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 5

Part i line 5 indicates the rutgers university foundation employed 211 individuals during calendar year 2015. The foundation employs approximately 197 full-time professional fundraising staff members. The balance are primarily part-time part time employees. The foundation reimburses the university for these expenses through the management fee as shown on part ix.

FORM 990, PART XI, LINE 9:

Adjustment of actuarial liability 359,673.

Form 990, Part XII, Line 2C

The rutgers university foundation has an audit committee of the board of overseers. This committee advises the full board on all auditing and accounting matters, has oversight over the quality and integrity of the foundation's accounting, internal control and financial reporting practices. Consistent with this purpose, the audit committee proposes to the board the appointment of the external auditors for the annual examination of the foundations year-end financial statements and other audit needs as necessary.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Adjustment of actuarial liability for annuities payable 359,673.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Event and gaming expenses recorded as expenses on financial statements -303,987.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Event and gaming expenses recorded as expenses on financial statements 303,987.

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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/Desc0THE RUTGERS UNIVERSITY FOUNDATION RAISES FUNDS TO MEET UNIVERSITY NEEDS AND SUPPLEMENT STATE, FEDERAL AND OTHER SOURCES FOR STUDENTS AND LEARNING INCLUDING SCHOLARSHIPS AND PROGRAMS, FACULTY AND RESEARCH, CAMPUSES AND FACILITIES, AND UNIVERSITY AND COMMUNITY PROGRAMS.
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IRS990/Form990PartVIISectionAGrp/PersonNm19FRANK HUNDLEY
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IRS990/Form990PartVIISectionAGrp/PersonNm25JAMES DOUGHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm26JAMES MAIDA
IRS990/Form990PartVIISectionAGrp/PersonNm27JOEL E MILLER

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