2023-05-12T16:45:25-05:00 2022-06-30 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2021-07-01 222849480 KEAN UNIVERSITY FOUNDATION INC KEAN 9083168920 1000 MORRIS AVENUE UNION NJ 07083 WILLIAM MILLER CEO 9083168920 2023-05-12 1 WILLIAM MILLER XXX-XX-XXXX ROBERT J JANNELLI CPA P00450209 9082727000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z WILLIAM MILLER 1000 MORRIS AVENUE UNION NJ 07083 22094665 0 X WWW.KEANFOUNDATION.ORG X 1984 NJ THE FOUNDATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY 24 23 7 0 -104794 0 2951051 3986457 131354 2755991 4809577 4328090 -271883 -1343 7620099 11069195 1174176 1355366 0 0 985271 939124 0 0 503746 2171834 2897539 4331281 5192029 3288818 5877166 104167220 95899383 1544145 1244406 102623075 94654977 THE ORGANIZATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY 0 0 1355366 1355366 SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS 1018948 PROGRAMS AND GRANTS TO KEAN UNIVERSITY 2374314 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 44 0 1 7 1 1 1 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X CLARINDA JOSEPH-CUMBERBATCH 9083168920 1000 MORRIS AVENUE UNION NJ 97083 STEVE FASTOOK DIRECTOR 0.25 X X 0 0 0 MARIA E BORDAS VICE CHAIR 0.25 X X 0 0 0 ANTHONY GIORDANO III TREASURER 0.25 X X 0 0 0 LINDA TUMA SECRETARY 0.25 X X 0 0 0 KEVIN ALTON DIRECTOR 0.25 X 0 0 0 PATRICIA DULINSKI DIRECTOR 0.25 X 0 0 0 EDWARD A ESPOSITO DIRECTOR 0.25 X 0 0 0 JAMES K ESTABROOK ESQ DIRECTOR 0.25 X 0 0 0 JAMES G HYNES DIRECTOR 0.25 X 0 0 0 LESLIE HARWOOD DIRECTOR 0.25 X 0 0 0 BARBARA SOBEL DIRECTOR 0.25 X 0 0 0 SCOTT N SCHOBER DIRECTOR 0.25 X 0 0 0 DONALD BRADY DIRECTOR 0.25 X 0 0 0 WILLIAM LOEHNING CHAIR 0.25 X 0 0 0 GERALD TARANTOLO DIRECTOR 0.25 X 0 0 0 WILLIAM MILLER CEO 40.00 X X 270000 0 11262 ARTHUR WILLIAMS DIRECTOR 0.25 X 0 0 0 CHUCK WEIMAN DIRECTOR 0.25 X 0 0 0 HENRY RINDER DIRECTOR 0.25 X 0 0 0 JOHN TURNER DIRECTOR 0.25 X 0 0 0 MARLON MATHEWS DIRECTOR 0.25 X 0 0 0 LAMONT O REPOLLET ED D DIRECTOR 0.25 X 0 0 0 BRIAN MURPHY DIRECTOR 0.25 X 0 0 0 MARK HILTWEIN DIRECTOR 0.25 X 0 0 0 CLARINDA JOSEPH-CUMBERBATCH COO 40.00 X 140000 0 3333 JAMES GURLAND FORMER CDO 40.00 X 125705 0 10105 EDWARD W AHART II CDO 40.00 X 102116 0 672 637821 0 25372 4 0 1 0 CCS FUNDRAISING 1 LOGAN SQUARE SUITE 1250 PHILADELPHIA PA 19103 CONSULTING 397500 PIPITONE GROUP 3933 PERRYSVILLE AVENUE PITTSBURGH PA 15214 MARKETING AGENCY 125000 2 3986457 3986457 DEPARTMENT GENERATED REVENUE 611310 2747869 2747869 OTHER INCOME 611310 8122 8122 2755991 2108772 2108772 13244788 11025470 2219318 2219318 2219318 PPP LOAN FORGIVENESS 611310 154350 154350 CHANGE IN SPLIT INT AGMTS 611310 -50899 -50899 RESTAURANT - NET 722511 -104794 -104794 -1343 11069195 5078760 -104794 2108772 X 1355366 1355366 586400 434874 151526 264334 196030 68304 22446 13492 8954 65944 48901 17043 26029 26029 55000 55000 270240 270240 679445 125000 553570 875 247799 1150 246649 19957 19957 152356 32486 106811 13059 87520 87520 79056 40355 38186 515 8165 7991 174 2672 2672 39637 39637 KEAN UNIVERSITY PROGRAM 563883 563883 POSTAGE AND MAILING 108865 8020 2256 98589 MEALS & ENTERTAINMENT 105594 79405 25677 512 ANNUAL FUND SERVICE 87568 87568 363753 168649 138477 56627 5192029 2374314 2313969 503746 2788868 2363931 8813955 8045510 74856 72461 3119649 1804964 1373375 1314685 77494338 70179416 11513761 12650793 2108067 1272587 104167220 95899383 1000 312 1543145 1244094 1544145 1244406 X 4873274 7508805 97749801 87146172 102623075 94654977 104167220 95899383 5877166 -13845264 0 X 0 1 X 1 0 X 3717105 4264254 8004789 2951051 3986457 22923656 3717105 4264254 8004789 2951051 3986457 22923656 6447840 16475816 994386 768208 927491 1768832 2108772 6567689 29491345 0.55870 0.50570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 74803771 0 -8129197 227048 66447526 60286155 975503 15603520 2061407 74803771 27086794 35200697 1969281 3970617 60286155 17350089 8896874 839831 27086794 16372754 1012335 35000 17350089 0 0 1886235 602795 1283440 1156641 1133413 23228 76773 68756 8017 1314685 HEDGE FUNDS 9276178 F PRIVATE INVESTMENTS 2948980 F REAL ESTATE INVESTMENT FUNDS 425635 F 12650793 CHARITABLE GIFT ANNUITIES PAYABLE 591465 PERTH-AMBOY SCHOLARSHIP FUND - AGENCY ACCOUNT 652629 1244094 X -2646939 -13845264 -13845264 11198325 -129130 -129130 11069195 5321159 129130 129130 5192029 0 5192029 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS THAT MIGHT BE RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2018 AND 2017. THE FOUNDATION FILES ITS FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR FISCAL YEARS BEFORE 2015, GENERALLY FOR 3 YEARS AFTER THEY ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTAURANT EXPENSES RESTAURANT DEPRECIATION PART XII, LINE 2D - OTHER ADJUSTMENTS: RESTAURANT EXPENSES RESTAURANT DEPRECIATION 0 SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS 156 1355366 0 X X X 0 0 0 0 0 0 0 0 0 WILLIAM MILLER CEO 270000 0 0 0 0 0 7992 0 3270 0 281262 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF A DRAFT FORM 990 IS REVIEWED BY THE FOUNDATIONS OFFICERS AND DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT A SIGNED STATEMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION PROVIDES THIS DOCUMENTATION TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 397,500. FUNDRAISING EXPENSES 875. TOTAL EXPENSES 398,375. PUBLIC AFFAIRS AND ADVOCACY: PROGRAM SERVICE EXPENSES 125,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 125,000. GRAPHIC DESIGN AND WEBSITE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 144,570. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 144,570. STAFFING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,500. KEAN UNIVERSITY 1000 MORRIS AVENUE UNION NJ 07083 222960726 UNIVERISTY THAT PROVIDES POST SECONDARY EDUCATION TO STUDENTS NJ 501(C)(3) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KEAN UNIVERSITY B 563883 CASH DISBURSEMENTS