2026-05-15T15:29:39-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 20 COMMERCE DRIVE SUITE 301 CRANFORD NJ 070163618 990 2024-07-01 226079662 MIDDLESEX COLLEGE FOUNDATION INC MIDD 7329062564 2600 WOODBRIDGE AVE EDISON NJ 08818 LISA KELLY EXECUTIVE DIRECTOR 7329062564 2026-05-15 1 1 GARRETT M HIGGINS P00543209 9082726200 2026-05-15 2024 2025-03-06 01:10:19Z DEANGELINA INMAN 2600 WOODBRIDGE AVE EDISON NJ 08818 20796929 0 X MIDDLESEXCOLLEGE.EDU/FOUNDATION/ X 1966 NJ HELPING STUDENTS OPEN DOORS TO THEIR FUTURE WITH FINANCIAL AID, SCHOLARSHIPS, AND EDUCATIONAL RESOURCES. 13 13 0 54 0 0 1065320 3290722 0 0 615860 2717009 865 4852 1682045 6012583 1082360 1007563 0 0 0 0 0 0 0 219377 231873 1301737 1239436 380308 4773147 23378377 28017661 903381 807751 22474996 27209910 X HELPING STUDENTS OPEN DOORS TO THEIR FUTURE WITH FINANCIAL AID, SCHOLARSHIPS, AND EDUCATIONAL RESOURCES. 0 0 483792 483792 PROGRAMS AND GRANTS - IN ADDITION TO PROVIDING SCHOLARSHIPS FOR MIDDLESEX COLLEGE STUDENTS, MIDDLESEX COLLEGE FOUNDATION SEEKS FUNDING FOR A WIDE VARIETY OF ONGOING PROGRAMS, CAPITAL PROJECTS, AND ACADEMIC INITIATIVES. THE MIDDLESEX COLLEGE FOUNDATION STRIVES TO ENCOURAGE AND SUSTAIN LONG-TERM RELATIONSHIPS WITH ALUMNI, FRIENDS, AND BUSINESSES, AND TO SEEK THEIR ACTIVE SUPPORT OF THE COLLEGE'S MISSION. THESE RELATIONSHIPS BUILD COMMITMENT AND INCLUSION IN SUPPORT OF THE COLLEGE'S GOAL OF SERVING THE ENTIRE COMMUNITY. 478157 478157 SCHOLARSHIPS - SINCE 1967, THE MIDDLESEX COLLEGE FOUNDATION HAS DISTRIBUTED OVER $21.9 MILLION IN SCHOLARSHIPS, FINANCIAL AID, AND GRANTS TO MORE THAN 20,000 DESERVING STUDENTS. THE MIDDLESEX COLLEGE FOUNDATION CURRENTLY OFFERS 156 ENDOWED AND ANNUAL SCHOLARSHIPS FOR QUALIFIED STUDENTS. THE NUMBER OF DESERVING MIDDLESEX COLLEGE STUDENTS IN NEED OF FINANCIAL ASSISTANCE ALWAYS EXCEEDS AVAILABLE FUNDING. THE MIDDLESEX COLLEGE FOUNDATION IS COMMITTED TO INCREASING OUR FINANCIAL RESOURCES SO THAT WE MAY ASSIST MORE STUDENTS EACH YEAR. SPENDING OF FUNDS ARE BASED ON DONOR RESTRICTION AND MAY BE TEMPORARILY OR PERMANENTLY RESTRICTED. 45614 45614 DIRECT STUDENT SUPPORT - STUDENT SUCCESS OFTEN DEPENDS ON FACTORS BEYOND ACADEMIC SCHOLARSHIP. MIDDLESEX COLLEGE FOUNDATION SEEKS TO SUPPORT THE WHOLE STUDENT JOURNEY AND HAS MADE A COMMITMENT TO DIRECT STUDENT SUPPORT THROUGH THE FUNDING OF PROGRAMS SUCH AS THE STUDENT EMERGENCY FUND, MIDDLESEX COLLEGE FOOD PANTRY, AND CHROMEBOOK OWNERSHIP PROGRAM. 6104 MEETINGS, RECOGNITION, ANNUITY DISTRIBUTIONS 6104 1013667 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X LISA KELLY EXECUTIVE DIRECTOR 7329062564 2600 WOODBRIDGE AVE EDISON NJ 08818 DEANGELINA INMAN CHAIRPERSON 1.00 X X 0 0 0 ANTHONY OSBOURNE 1ST VICE CHAIRPERSON 1.00 X X 0 0 0 PRITI PANDYA-PATEL PSYD 2ND VICE CHAIRPERSON 1.00 X X 0 0 0 KEITH MENSCHER ESQ TREASURER 1.00 X X 0 0 0 JAMES CAMPBELL TREASURER, THRU 11/2024 1.00 X X 0 0 0 JOANNE FILLWEBER SECRETARY 1.00 X X 0 0 0 MAUREEN BINETTI TRUSTEE, THRU 11/2024 1.00 X 0 0 0 ABHI DIWAKER TRUSTEE, THRU 11/2024 1.00 X 0 0 0 GENETTE FALK TRUSTEE 1.00 X 0 0 0 MICHAEL FISHER TRUSTEE 1.00 X 0 0 0 RICK GELMETTI TRUSTEE 1.00 X 0 0 0 LINDA DONATO KENNEDY TRUSTEE 1.00 X 0 0 0 DIANE CONBOY KIRSHENBAUM TRUSTEE 1.00 X 0 0 0 CLAUDIO MIR TRUSTEE 1.00 X 0 0 0 BUVANA RADHAKRISHNAN TRUSTEE 1.00 X 0 0 0 MICHAEL ROFMAN CPA TRUSTEE 1.00 X 0 0 0 LISA KELLY EXECUTIVE DIRECTOR 40.00 X 103152 0 19707 103152 0 19707 1 0 0 1 MORGAN STANLEY 1 NEW YORK PLAZA NEW YORK NY 10004 INVESTMENT MANAGEMENT SERVICES 138434 1 3290722 20257 3290722 683378 683378 16794863 14761232 2033631 2033631 2033631 27385 23114 4271 4271 MISCELLANEOUS INCOME 900099 581 581 581 6012583 0 0 2721861 483792 483792 523771 523771 15500 15500 141430 141430 18541 18541 4415 4415 10331 10331 1579 1579 2111 2111 ALLOCATED PAYROLL 31862 31862 COMMUNITY EVENTS 4264 4264 ANNUITY DISTRIBUTIONS 1840 1840 1239436 1013667 225769 0 396266 245554 1148895 1211352 175464 2325196 21647171 23742176 475059 10581 18324 23378377 28017661 25025 28482 878356 779269 903381 807751 X 3256702 3718611 19218294 23491299 22474996 27209910 23378377 28017661 4773147 -38233 0 X 0 1 X 1 0 X 1193100 811655 975054 1065320 3290722 7335851 253868 252834 264045 280955 287054 1338756 1446968 1064489 1239099 1346275 3577776 8674607 2848764 5825843 422606 505623 575170 602345 683378 2789122 5219 295 4271 9785 570 581 1151 11474665 0.50770 0.58330 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2023 AMOUNT: $ 570. 2024 AMOUNT: $ 581. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12604276 120607 1417447 358300 13784030 11216900 412688 1220794 225726 20380 12604276 10743959 150867 667854 322159 23621 11216900 12436368 179844 -1658147 209246 4860 10743959 10449635 133393 2290757 428438 8979 12436368 0.00000 0.80229 0.19772 0 0 0 X 6143088 -38233 287054 23114 271935 5871153 141430 141430 6012583 1408174 287054 23114 310168 1098006 141430 141430 1239436 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 100 INDIVIDUAL FUNDS ESTABLISHED BY DONORS FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIP AWARDS, ACADEMIC PROGRAM SUPPORT, PHYSICAL PLANT PROJECTS, AND FACULTY DEVELOPMENT. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE ("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 FOUNDATION IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATIONS FOR ITS FEDERAL FORM 990 AND FOR THE STATE OF NEW JERSEY FORM CRI-300R FOR YEARS PRIOR TO JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS NETTED AGAINST REVENUE 23,114. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS NETTED AGAINST REVENUE 23,114. 27385 560 6668 3292 12594 0 27385 560 6668 3292 12594 23114 4271 NJ 1 0 1 0 1.00000 LISA KELLY 2600 WOORDBRIDGE AVENUE EDISON NJ 08818 0 WILD WILLY'S CASINO EVENTS 5610 PROVIDED GAMING EQUIPMENT AND DEALERS TO MANAGE THE TABLES X 1 4271 1 MIDDLESEX COLLEGE 2600 WOODBRIDGE AVENUE EDISON NJ 08818 221769370 STATE OF NEW JERSEY 483792 0 GRANTS TO SUPPORT COLLEGE'S PROGRAMS 1 0 MIDDLESEX COLLEGE SCHOLARSHIPS AND OTHER SUPPORT 360 478157 DEPARTMENT AWARDS 14 3700 STUDENT SUPPORT 848 36314 5600 DONATED VALUE GIFT CERTIFICATES, FOOD, OTHER NONCASH ITEMS PART I, LINE 2: THE FOUNDATION AUDITS MIDDLESEX COLLEGE'S QUARTERLY INVOICES TO ENSURE THAT THE FOUNDATION DOES NOT REIMBURSE THE COLLEGE FOR MORE THAN IS AVAILABLE WITHIN EACH FUND OR ALLOCATION. THE FOUNDATION RECOMMENDS SCHOLARSHIPS TO THE FINANCIAL AID OFFICE WHERE THEY ARE INCORPORATED INTO FINANCIAL AID PACKAGES BASED ON OTHER SOURCES OF FUNDING. THE FINANCIAL AID OFFICE TRANSMITS AWARD TOTALS TO THE BURSAR OF MIDDLESEX COLLEGE FOR POSTING TO THE QUALIFYING RECIPIENT STUDENT ACCOUNTS. THE FINANCIAL AID OFFICE AND BURSAR'S OFFICE MONITORS THE STUDENTS' PROGRAMS TO ENSURE CONTINUED QUALIFICATION, INCLUDING REGULAR CLASS ATTENDANCE, MAINTENANCE OF GRADES, AND OTHER RELEVANT CRITERIA. 0 0 0 0 0 0 0 0 0 LISA KELLY EXECUTIVE DIRECTOR 100552 0 0 0 2600 0 8362 0 11345 0 122859 0 0 0 PART VII, LINE 5: LISA KELLY, EXECUTIVE DIRECTOR, IS EMPLOYED AND COMPENSATED BY MIDDLESEX COLLEGE, AN UNRELATED PARTY. SHE DEVOTES 75% OF HER TIME TO MIDDLESEX COLLEGE FOUNDATION, INC. AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, HAS 75% OF HER COMPENSATION ALLOCATED TO THE FOUNDATION ($122,859). FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED AND REVIEWED BY MANAGEMENT, A COPY OF THE FORM 990 IS DISTRIBUTED TO THE FINANCE COMMITTEE FOR THEIR REVIEW. THE FULL BOARD THEN HAS AN OPPORTUNITY TO REVIEW THE FORM 990 PRIOR TO BEING ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C MIDDLESEX COLLEGE FOUNDATION, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL DIRECTORS, OFFICERS, EMPLOYEES, AND VOLUNTEERS 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 OF DIRECTORS WHO REVIEW THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFICTS. 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 COMMITEE WILL DISCLOSE 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 DISCLSOE 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 FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE FORM 990, FORM 1023, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.