ROWAN EDUCATIONAL ATTRACTIONS INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
ROWAN EDUCATIONAL ATTRACTIONS INC (EIN 71-0870602)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-13
IRS object ID
202641339349307269
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-13T15:07:24-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN331374517PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 MAMARONECK AVENUE SUITE 301AddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP105281633ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN710870602EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROWAN EDUCATIONAL ATTRACTIONS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlROWABusinessNameControlTxt
Phone8562564000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1201 MULLICA HILL ROADAddressLine1Txt
CityGLASSBOROCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08028ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKENNETH J LACOVARAPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8562564000PhoneNum
Signature2026-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVA MRUKPreparerPersonNm
PTINP00543254PTIN
Phone9143818900PhoneNum
Preparation2026-05-12PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKENNETH J LACOVARAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1201 MULLICA HILL ROADAddressLine1Txt
CityGLASSBOROCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08028ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,778,384GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionTO PROVIDE MANAGEMENT OVERSIGHT AND SUPPORT TO FURTHER THE VISION OF EDUCATING YOUTH AND LIFELONG LEARNERS ABOUT THE PAST TO INSPIRE POSITIVE CHANGE FOR THE FUTURE.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$1,716,343PYProgramServiceRevenueAmt
CY Program Service Revenue$3,883,261CYProgramServiceRevenueAmt
PY Investment Income$42,540PYInvestmentIncomeAmt
CY Investment Income$53,187CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$231,866CYOtherRevenueAmt
PY Total Revenue$1,758,883PYTotalRevenueAmt
CY Total Revenue$4,168,314CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,644,072PYOtherExpensesAmt
CY Other Expenses$3,706,455CYOtherExpensesAmt
PY Total Expenses$1,644,072PYTotalExpensesAmt
CY Total Expenses$3,706,455CYTotalExpensesAmt
PY Revenues Less Expenses$114,811PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$461,859CYRevenuesLessExpensesAmt
Total Assets BOY$2,520,310TotalAssetsBOYAmt
Total Assets EOY$5,264,913TotalAssetsEOYAmt
Total Liabilities BOY$2,405,499TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,688,243TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$114,811NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$576,670NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO SERVE AS A SUPPORTING ORGANIZATION OF ROWAN UNIVERSITY BY OPERATING AND MAINTAINING ROWAN UNIVERSITY'S EDUCATIONAL SITES, INCLUDING ITS MUSEUM AND HISTORICAL SITES, AND TO PERFORM ANY AND ALL OTHER AUXILIARY SERVICES NECESSARY IN FURTHERANCE OF THIS PURPOSE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$3,310,473ExpenseAmt
Grant$0GrantAmt
Revenue$4,115,127RevenueAmt
DescREA SUCCESSFULLY OPENED THE EDELMAN FOSSIL PARK & MUSEUM IN MARCH OF 2025. REA ENGAGED WITH G&A MUSEUM OPERATIONS MANTUA (GAMOM) AND ROWAN UNIVERSITY TO HIRE STAFF APPROPRIATE TO CARRY OUT THE MISSION OF THE ORGANIZATION. THE MUSEUM WAS HIGHLY PROMOTED AND REACHED VISITORS THROUGHOUT THE UNITED STATES AND BEYOND. REVIEWS FROM VISITORS TO THE MUSEUM WERE OVERWHELMINGLY POSITIVE, PRAISING THE QUALITY OF THE GALLERIES, KNOWLEDGE OF THE STAFF AND MISSION OF THE ORGANIZATION.MUSEUM PROGRAMMING INCLUDED TOURS, QUARRY DIGS, VIRTUAL REALITY EXPERIENCE, NATURE WALKS, THEMED EVENTS AND OTHER SPECIALIZED OPPORTUNITIES FOR VISITORS, MEMBERS AND THE COMMUNITY. MANY AWARDS WERE RECEIVED FOR ARCHITECTURE AND DESIGN AS WELL AS BEING NAMED IN THE "BEST OF PHILLY" FOR 2025.Desc
Total Program Service Expenses$3,310,473TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KENNETH LACOVARABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8562564000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1201 MULLICA HILL ROADAddressLine1Txt
CityGLASSBOROCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08028ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
DR ALI A HOUSHMAND DIRECTOR
(PRES. OF ROWAN UNIVERSITY)1.0054.00Yes (X)$0$931,208$232,261
DR ANTHONY LOWMAN
TREASURER/SECRETARY1.0040.00Yes (X)$0$440,232$38,685Yes (X)
JOSEPH F SCULLY JR
PRESIDENT2.0042.00Yes (X)$0$394,792$39,819Yes (X)
JEAN EDELMAN
VICE PRESIDENT1.000.00Yes (X)$0$0$0Yes (X)
RIC EDELMAN
DIRECTOR1.000.00Yes (X)$0$0$0
KENNETH J LACOVARA
EXECUTIVE DIRECTOR5.0035.00$0$227,448$50,134Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,993,680TotReportableCompRltdOrgAmt
Total Other Compensation$360,899TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line1ContractorAddress/ForeignAddress/AddressLine1TxtCityContractorAddress/ForeignAddress/CityNmCountryContractorAddress/ForeignAddress/CountryCdForeign PostalContractorAddress/ForeignAddress/ForeignPostalCd
G&A MUSEUM OPERATIONS MANTUA LLC
1140 3RD STREET NE OFC 2149WASHINGTONDC20002MUSEUM STAFFING/MANAGEMENT SERVICES$1,372,862
GALLAGHER & ASSOCIATES LLC
141 WEST 28TH STREETNEW YORKNY10001MANAGEMENT CONSULTING SERVICES$454,559
LEFT FIELD LABS LLC
10351 WASHINGTON BOULEVARDCULVER CITYCA90232SOFTWARE, WEBSITE & IT SERVICES$331,170
SUNSTATES SECURITY LLC
801 CORPORATE CENTER DRIVE SUITE 3RALEIGHNC27607SECURITY SERVICES$140,588
PERKS LOYALTY LTD
WEBSITE AND IT SERVICES$117,646PARK HOUSE PARK SQUARE WESTLEEDSUKLS1 2PW
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescMUSEUM PROGRAM FEEDesc
Business900099BusinessCd
Total Revenue Column$3,883,261TotalRevenueColumnAmt
Related Or Exempt Func Income$3,883,261RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$3,883,261TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$53,187TotalRevenueColumnAmt
Exclusion$53,187ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$841,936GrossSalesOfInventoryAmt
Cost Of Goods Sold$610,070CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$231,866TotalRevenueColumnAmt
Related Or Exempt Func Income$231,866RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,168,314TotalRevenueColumnAmt
Related Or Exempt Func Income$4,115,127RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$53,187ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$47,785TotalAmt
Management And General$47,785ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$24,460TotalAmt
Management And General$24,460ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,707,248TotalAmt
Program Services$2,707,248ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$298,890TotalAmt
Management And General$298,890ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$10,655TotalAmt
Program Services$10,655ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$138,423TotalAmt
Program Services$138,423ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,242TotalAmt
Program Services$4,242ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$46,953TotalAmt
Program Services$46,953ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$21,924TotalAmt
Program Services$21,924ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$24,847TotalAmt
Management And General$24,847ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
REPAIRS AND MAINTENANCE$348,458$348,458
OTHER OPERATING EXPENSE$15,841$15,841
PUBLIC PROGRAMMING$13,940$13,940
LICENSES & REGISTRATION$2,789$2,789

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,706,455TotalAmt
Program Services$3,310,473ProgramServicesAmt
Management And General$395,982ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,050EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$675,054BOYAmt
EOY$3,622,310EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$64,259EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$58,677BOYAmt
EOY$163,101EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$18,226BOYAmt
EOY$318,194EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,768,353BOYAmt
EOY$1,094,999EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,520,310BOYAmt
EOY$5,264,913EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$339,824BOYAmt
EOY$486,334EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$372,026EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,065,675BOYAmt
EOY$3,829,883EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,405,499BOYAmt
EOY$4,688,243EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$114,811BOYAmt
EOY$576,670EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$114,811BOYAmt
EOY$576,670EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,520,310BOYAmt
EOY$5,264,913EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$461,859ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ROWAN UNIVERSITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN222764819EIN
Organization Type6OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationYes (1)SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART IV, SECTION A, LINE 2:FormAndLineReferenceDesc
ExplanationTHE SUPPORTED ORGANIZATION, ROWAN UNIVERSITY, IS PART OF THE NEW JERSEY STATE UNIVERSITY SYSTEM AND IS THEREFORE A GOVERNMENTAL UNIT NOT REQUIRED TO HAVE AN IRS DETERMINATION OF EXEMPT STATUS UNDER SECTION 509(A)(1) OR SECTION 509(A)(2).ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
DUE FROM ROWAN UNIVERSITY$1,064,913
RIGHT-OF-USE ASSETS, NET$30,086
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,094,999TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
LOAN FROM ROWAN UNIVERSITY$1,871,030
SUBSCRIPTION LIABILITIES$12,253
DUE TO ROWAN UNIVERSITY$1,946,600
FieldValueIRS element (for citing)
Total Liability$3,829,883TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$4,778,384TotalRevEtcAuditedFinclStmtAmt
Other Revenue$610,070OtherRevenueAmt
Revenue Not Reported$610,070RevenueNotReportedAmt
Revenue Subtotal$4,168,314RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,168,314TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,316,525TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$610,070OtherExpensesIncludedAmt
Expenses Not Reported$610,070ExpensesNotReportedAmt
Expenses Subtotal$3,706,455ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,706,455TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 610,070.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 610,070.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DR ALI A HOUSHMAND DIRECTOR
(PRES. OF ROWAN UNIVERSITY)$0$566,801$0$133,322$0$231,085$0$151,988$0$80,273$0$1,163,469$0$89,277
DR ANTHONY LOWMAN
TREASURER/SECRETARY$0$414,748$0$0$0$25,484$0$14,000$0$24,685$0$478,917$0$0
JOSEPH F SCULLY JR
PRESIDENT$0$340,863$0$0$0$53,929$0$14,000$0$25,819$0$434,611$0$0
KENNETH J LACOVARA
EXECUTIVE DIRECTOR$0$221,340$0$0$0$6,108$0$14,000$0$36,134$0$277,582$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3THE ORGANIZATION'S EXECUTIVE DIRECTOR, KENNETH J. LACOVARA WAS COMPENSATED BY A RELATED ORGANIZATION, ROWAN UNIVERSITY. HIS COMPENSATION WAS DETERMINED THROUGH ROWAN UNIVERSITY'S SALARY REVIEW PROCESS, WHICH INCLUDES A REVIEW BY THE UNIVERSITY'S CHIEF HUMAN RESOURCE OFFICER, CHIEF FINANCIAL OFFICER AND THE PRESIDENT OF THE UNIVERSITY. THIS REVIEW INCLUDED THE USE OF COMPARABILITY DATA FOR BOTH INTERNAL AND EXTERNAL COMPENSATION EQUITY.
PART I, LINE 4BDR. ALI A. HOUSHMAND, A DIRECTOR OF THE ORGANIZATION AND THE PRESIDENT OF ROWAN UNIVERSITY, PARTICIPATES IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN WITH THE UNIVERSITY, A RELATED ORGANIZATION. THE UNIVERSITY CONTRIBUTED $137,988 TO THE PLAN ON HIS BEHALF IN CALENDAR YEAR 2024. HE ALSO RECEIVED DISTRIBUTION FROM THE 457(F) PLAN IN AMOUNT OF $89,277 IN CALENDAR YEAR 2024. THE AMOUNT IS REPORTABLE AS TAXABLE COMPENSATION IN PART II, COLUMN B (III).

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2BOARD DIRECTORS, JEAN EDELMAN AND RIC EDELMAN HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 7ATHE ROWAN UNIVERSITY BOARD OF TRUSTEES APPOINTS ALL DIRECTORS, EXCEPT FOR THE DIRECTOR POSITION THAT IS RESERVED TO THE PRESIDENT OF THE UNIVERSITY.
FORM 990, PART VI, SECTION A, LINE 7BCERTAIN DECISIONS ARE RESERVED TO AND SUBJECT TO THE APPROVAL OF THE ROWAN UNIVERSITY BOARD OF TRUSTEES. THESE INCLUDE THE REMOVAL OF A DIRECTOR OR OFFICER, THE APPROVAL OF BUDGETS, AND AMENDMENTS TO THE BYLAWS OR CERTIFICATE OF INCORPORATION.
FORM 990, PART VI, SECTION A, LINE 8BTHERE ARE CURRENTLY NO COMMITTEES THAT ARE MADE UP OF BOARD MEMBERS. THE FULL BOARD OF DIRECTORS OVERSEES ALL AREAS OF THE ORGANIZATION.
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION HAS DELEGATED THE RESPONSIBILITY FOR THE ORGANIZATION'S FORM 990 TO THE ROWAN UNIVERSITY DIVISION OF FINANCE. THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE ACCOUNTING SERVICES STAFF WITHIN THE ROWAN UNIVERSITY DIVISION OF FINANCE. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12IF A DIRECTOR, OFFICER, OR COMMITTEE MEMBER (OR A MEMBER OF SUCH PERSON'S FAMILY OR ON AN ENTITY CONTROLLED BY EITHER) HAS A FINANCIAL INTEREST CONFLICTING WITH THE INTEREST OF THE CORPORATION IN ANY MATTER (SUCH AS WHETHER TO ENTER INTO A CONTRACT WITH ANOTHER ORGANIZATION WITH WHICH SUCH INDIVIDUAL IS ASSOCIATED), THEN THE INDIVIDUAL MUST BRING THE CONFLICT TO THE ATTENTION OF THE OTHER DIRECTORS, OFFICERS, AND COMMITTEE MEMBERS, AND REFRAIN FROM PARTICIPATING OR VOTING IN ANY DECISION WITH RESPECT TO THE MATTER. NOTWITHSTANDING THE ABOVE, THE CORPORATION AND ITS DIRECTORS AND EMPLOYEES SHALL FULLY COMPLY WITH THE ETHICS RULES ADOPTED FROM TIME TO TIME BY ROWAN UNIVERSITY.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GTEMPORARY STAFFING: PROGRAM SERVICE EXPENSES 2,224,548. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,224,548. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 240,805. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 240,805. MANAGEMENT CONSULTING: PROGRAM SERVICE EXPENSES 237,195. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 237,195. OTHER FEES: PROGRAM SERVICE EXPENSES 4,700. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,700.
FORM 990, PART XII, LINE 2C:THE FILING ORGANIZATION DOES NOT HAVE A SEPARATE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR SELECTION OF AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FILING ORGANIZATION'S RELATED ORGANIZATION, ROWAN UNIVERSITY, DOES HAVE SUCH A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR SELECTION ON BEHALF OF THE FILING ORGANIZATION AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
ROWAN UNIVERSITY
201 MULLICA HILL ROADGLASSBORONJ08028222764819HIGHER EDUCATIONNJN/A0
ROWAN UNIVERSITY FOUNDATION
201 MULLICA HILL ROADGLASSBORONJ08028222482802UNIVERSITY FUNDRAISINGNJ0501(C)(3)LINE 7ROWAN UNIVERSITY
ROWAN GLOBAL INC
201 MULLICA HILL ROADGLASSBORONJ08028871959412PLANNING AND STRATEGIC MANAGEMENTDE0501(C)(3)LINE 12A, IROWAN UNIVERSITY
SOUTH JERSEY TECHNOLOGY PARK AT ROWAN UNIVERSITY INC
201 MULLICA HILL ROADGLASSBORONJ08028050526470RESEARCH AND INNOVATIONNJ0501(C)(3)LINE 12A, IROWAN UNIVERSITY
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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