ROWAN EDUCATIONAL ATTRACTIONS INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ROWAN EDUCATIONAL ATTRACTIONS INC (EIN 71-0870602)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-14
IRS object ID
202511359349300306
Schema version
2023v6.0
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)
Return2025-05-14T23:32:25-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

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 Begin2023-07-01TaxPeriodBeginDt

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 LACOVARAPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8562564000PhoneNum
Signature2025-05-14SignatureDt
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
Preparation2025-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKENNETH LACOVARAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1201 MULLICA HILL ROADAddressLine1Txt
CityGLASSBOROCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08028ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,758,883GrossReceiptsAmt
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 Body6VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$1,716,343CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$42,540CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$0PYTotalRevenueAmt
CY Total Revenue$1,758,883CYTotalRevenueAmt
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$0PYOtherExpensesAmt
CY Other Expenses$1,644,072CYOtherExpensesAmt
PY Total Expenses$0PYTotalExpensesAmt
CY Total Expenses$1,644,072CYTotalExpensesAmt
PY Revenues Less Expenses$0PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$114,811CYRevenuesLessExpensesAmt
Total Assets BOY$0TotalAssetsBOYAmt
Total Assets EOY$2,520,310TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,405,499TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$0NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$114,811NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO SERVE AS AN 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 SrvcYes (1)SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,336,456ExpenseAmt
Grant$0GrantAmt
Revenue$1,716,343RevenueAmt
DescDURING 2024, REA CONTINUED TO WORK TOWARDS OPENING BY CREATING POLICIES AND PROCEDURES, DEVELOPING AWARENESS OF THE EDELMAN FOSSIL PARK & MUSEUM AND OVERSEEING ALL REQUIRED ACTIVITIES PRIOR TO OPENING SCHEDULED FOR MARCH 2025. COMMUNITY OUTREACH EFFORTS INCLUDED PARTICIPATION IN LOCAL EVENTS, MAGAZINE ARTICLES, SOCIAL MEDIA, ETC.THE MUSEUM IS NEW AND HAS NOT OPENED YET. IT WAS RANKED AMONG THE 10 MOST ANTICIPATED MUSEUM OPENINGS IN THE WORLD BY SMITHSONIAN MAGAZINE. INITIAL PROGRAMMING WILL INCLUDE MUSEUM TOURS, QUARRY TOURS. ADDITIONALLY, THERE ARE PLANS TO HOST GUEST LECTURES, SCHOOL FIELD TRIPS, ADULT GROUPS, NATURE WALKS, AND OTHER PROGRAMMING THAT IS UNDER DEVELOPMENT.Desc
Total Program Service Expenses$1,336,456TotalProgramServiceExpensesAmt
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 Document0IRPDocumentCnt
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 Members6GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
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 (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
DR ALI HOUSHMAND DIRECTOR
(PRES. OF ROWAN UNIVERSITY)1.0054.00Yes (X)$0$988,394$226,647
JOSEPH F SCULLY JR
PRESIDENT1.0041.00Yes (X)$0$383,792$38,889Yes (X)
DR ANTHONY LOWMAN
TREASURER/SECRETARY AS OF APR 20241.0040.00Yes (X)$0$425,085$37,796Yes (X)
JESSE SHAFER
TREASURER/SECRETARY THRU APR 20241.0050.00Yes (X)$0$297,460$14,000Yes (X)
JEAN EDELMAN
VICE PRESIDENT1.000.00Yes (X)$0$0$0Yes (X)
RIC EDELMAN
DIRECTOR1.000.00Yes (X)$0$0$0
KENNETH LACOVARA
EXECUTIVE DIRECTOR5.0035.00$0$241,503$48,105Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$2,336,234TotReportableCompRltdOrgAmt
Total Other Compensation$365,437TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1G&A MUSEUM OPERATIONS MANTUA LLCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11140 3RD STREET NE OFC 2149AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20002ZIPCd
FieldValueIRS element (for citing)
ServicesMUSEUM MANAGEMENT FEEServicesDesc
Compensation$104,000CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescMUSEUM MANAGEMENT FEEDesc
Business900099BusinessCd
Total Revenue Column$1,716,343TotalRevenueColumnAmt
Related Or Exempt Func Income$1,716,343RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,716,343TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$42,540TotalRevenueColumnAmt
Exclusion$42,540ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,758,883TotalRevenueColumnAmt
Related Or Exempt Func Income$1,716,343RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$42,540ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$286TotalAmt
Management And General$286ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$39,642TotalAmt
Management And General$39,642ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,318,161TotalAmt
Program Services$1,128,881ProgramServicesAmt
Management And General$189,280ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$78,408TotalAmt
Management And General$78,408ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$49,264TotalAmt
Program Services$49,264ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$108,183TotalAmt
Program Services$108,183ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,606TotalAmt
Program Services$7,606ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$790TotalAmt
Program Services$790ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$14,616TotalAmt
Program Services$14,616ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
OTHER OPERATING EXPENSE$26,159$26,159
LICENSES & REGISTRATION$714$714
MAINTENANCE$243$243

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,644,072TotalAmt
Program Services$1,336,456ProgramServicesAmt
Management And General$307,616ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$675,054EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$58,677EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$18,226EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,768,353EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,520,310EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$339,824EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,065,675EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,405,499EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$114,811EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$114,811EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,520,310EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$114,811ReconcilationRevenueExpnssAmt
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$1,716,343
RIGHT-OF-USE ASSETS, NET$52,010
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,768,353TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
LOAN FROM ROWAN UNIVERSITY$2,000,000
SUBSCRIPTION LIABILITIES$38,417
DUE TO ROWAN UNIVERSITY$27,258
FieldValueIRS element (for citing)
Total Liability$2,065,675TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$1,758,883TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$1,758,883RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,758,883TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,644,072TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,644,072ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,644,072TotalExpensesPerForm990Amt

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 (5 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 HOUSHMAND DIRECTOR
(PRES. OF ROWAN UNIVERSITY)$0$739,452$0$97,079$0$151,863$0$147,322$0$79,325$0$1,215,041$0$38,213
DR ANTHONY LOWMAN
TREASURER/SECRETARY AS OF APR 2024$0$400,405$0$0$0$24,680$0$14,000$0$23,796$0$462,881$0$0
JOSEPH F SCULLY JR
PRESIDENT$0$328,480$0$0$0$55,312$0$14,000$0$24,889$0$422,681$0$0
JESSE SHAFER
TREASURER/SECRETARY THRU APR 2024$0$292,464$0$0$0$4,996$0$14,000$0$0$0$311,460$0$0
KENNETH LACOVARA
EXECUTIVE DIRECTOR$0$235,395$0$0$0$6,108$0$14,000$0$34,105$0$289,608$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3THE ORGANIZATION'S EXECUTIVE DIRECTOR, KENNETH 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 4BALI 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 $133,322 TO THE PLAN ON HIS BEHALF IN CALENDAR YEAR 2023. HE ALSO RECEIVED DISTRIBUTION FROM THE 457(F) PLAN IN AMOUNT OF $38,213 IN CALENDAR YEAR 2023. THE AMOUNT IS REPORTABLE AS TAXABLE COMPENSATION IN PART II, COLUMN B (III).

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 2DURING 2024, REA CONTINUED TO WORK TOWARDS OPENING BY CREATING POLICIES AND PROCEDURES, DEVELOPING AWARENESS OF THE EDELMAN FOSSIL PARK & MUSEUM AND OVERSEEING ALL REQUIRED ACTIVITIES PRIOR TO OPENING SCHEDULED FOR MARCH 2025. COMMUNITY OUTREACH EFFORTS INCLUDED PARTICIPATION IN LOCAL EVENTS, MAGAZINE ARTICLES, SOCIAL MEDIA, ETC.
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 4THE ORGANIZATION AMENDED ITS ARTICLE OF INCORPORATION AND BYLAWS DURING THE FISCAL YEAR TO REFLECT (AND NOT LIMITED TO) THE FOLLOWING CHANGE: - MISSION WAS EXPANDED TO INCLUDE OPERATING FOR EDUCATIONAL PURPOSES AS A SUPPORTING ORGANIZATION FOR ROWAN UNIVERSITY TO OPERATE AND MAINTAIN THEIR EDUCATIONAL SITES INCLUDING MUSEUMS AND HISTORICAL SITES.
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 620,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 620,975. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 55,843. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,843. MARKETING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 185,861. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 185,861. MANAGEMENT CONSULTING: PROGRAM SERVICE EXPENSES 452,063. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 452,063. OTHER FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,419. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,419.
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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