2022-05-16T14:04:56-05:00 2021-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2020-07-01 222482802 ROWAN UNIVERSITY FOUNDATION INC ROWA 8562564097 201 MULLICA HILL ROAD GLASSBORO NJ 08028 JESSE SHAFER EXECUTIVE DIRECTOR 8562564148 2022-05-16 1 JESSE SHAFER XXX-XX-XXXX EVA MRUK P00543254 9143818900 2022-05-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JESSE SHAFER 201 MULLICA HILL ROAD GLASSBORO NJ 08028 59443020 0 X HTTPS://SITES.ROWAN.EDU/ADVANCEMENT X 1983 NJ TO SUPPORT ROWAN UNIVERSITY IN ITS ROLE AS A NEW MODEL FOR EXCELLENCE IN HIGHER EDUCATION. 31 30 0 32 -44632 0 16292638 31266699 0 0 11568842 7894807 82598 62781 27944078 39224287 13610651 14599203 0 0 0 0 0 0 0 492819 538230 14103470 15137433 13840608 24086854 240751111 339808677 2746793 1042404 238004318 338766273 X THE ROWAN UNIVERSITY FOUNDATION SUPPORTS ROWAN UNIVERSITY BY DEVELOPING MEANINGFUL AND SYNERGISTIC RELATIONSHIPS BETWEEN THE ORGANIZATION AND THE LARGER COMMUNITY AS IT ADVOCATES FOR QUALITY AND DIVERSE SCHOLARLY EXPERIENCES FOR STUDENTS, FACULTY, STAFF, AND ALUMNI. 0 0 11803213 11803213 0 GRANTS TO ROWAN UNIVERSITY AND AFFILIATE-THE ROWAN UNIVERSITY FOUNDATION OVERSEES AND COORDINATES ALL FUND-RAISING ACTIVITIES AND IS RESPONSIBLE FOR THE MANAGEMENT, INVESTMENT AND DISTRIBUTION OF ALL CHARITABLE CONTRIBUTIONS TO BENEFIT ROWAN UNIVERSITY. AS THE INDEPENDENT, OFFICIALLY DESIGNATED NON-PROFIT ORGANIZATION OF PHILANTHROPIC AID TO THE INSTITUTION, THE FOUNDATION IS THE ONLY VEHICLE THROUGH WHICH CHARITABLE GIFTS MAY BE MADE TO ROWAN UNIVERSITY. THE LARGEST FUNDING SOURCE IS THE HENRY M. ROWAN ENDOWMENT FUND WHICH CONTRIBUTES UNRESTRICTED FUNDS TO SUPPORT THE UNIVERSITY. 2795990 2795990 0 SCHOLARSHIPS GIVEN TO STUDENTS -THE ROWAN UNIVERSITY FOUNDATION'S SCHOLARSHIP PROGRAM AIMS TO ASSIST STUDENTS WITH THE RISING COST OF TUITION. SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON BOTH NEED AND MERIT. IN FY21, THE ROWAN UNIVERSITY FOUNDATION AWARDED OVER $2 MILLION IN SCHOLARSHIPS. AWARDS ARE MADE TO STUDENTS MAJORING IN ALL OF ROWAN'S ELEVEN ACADEMIC COLLEGES AND UNDERGRADUATE SCHOOLS AS WELL AS OUR TWO MEDICAL SCHOOLS. 11659 0 0 FOUNDATION OPERATIONS - OTHER ROWAN UNIVERSITY FOUNDATION ACTIVITIES. 14610862 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 5 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 30 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK FL MD MA MI MN NH NJ WA X JESSE SHAFER 8562564148 201 MULLICA HILL ROAD GLASSBORO NJ 08028 DR ALI HOUSHMAND DIRECTOR (PRES., ROWAN UNIVERSITY) 1.00 54.00 X 0 726765 164388 JACK HAFNER CHAIR 1.00 0.00 X X 0 0 0 ERICA ORTIZ VICE CHAIR 1.00 0.00 X X 0 0 0 REGINALD J MIDDLETON TREASURER 1.00 0.00 X X 0 0 0 APRIL CARTY-SIPP SECRETARY 1.00 0.00 X X 0 0 0 GEORGE AWAD DIRECTOR 1.00 0.00 X 0 0 0 SAMANTHA BOLLENDORF DIRECTOR 1.00 0.00 X 0 0 0 JOE BOTTAZZI DIRECTOR THRU FEB 2021 1.00 0.00 X 0 0 0 ANGELA BROWN DIRECTOR 1.00 0.00 X 0 0 0 DAVE BURGIN DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY CALABRESE DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN H CLARK DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL CONNALLON DIRECTOR 1.00 0.00 X 0 0 0 TONY GALVIN DIRECTOR 1.00 0.00 X 0 0 0 DR JAMES GEORGE DIRECTOR 1.00 0.00 X 0 0 0 CIELO M HERNANDEZ DIRECTOR 1.00 0.00 X 0 0 0 BRIGHID BURGIN HOEMPLER DIRECTOR 1.00 0.00 X 0 0 0 ROBERT W HOEY DIRECTOR 1.00 0.00 X 0 0 0 SCOTT KINTZING DIRECTOR 1.00 0.00 X 0 0 0 STANLEY LABRUNA DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY MARINO DIRECTOR 1.00 0.00 X 0 0 0 ALYCE PARKER DIRECTOR 1.00 0.00 X 0 0 0 KYLE PEREZ DIRECTOR 1.00 0.00 X 0 0 0 HARRY I SCHEYER DIRECTOR 1.00 0.00 X 0 0 0 DR STEPHANIE SCHLITT DIRECTOR 1.00 0.00 X 0 0 0 PAULINE SCHNEIDER DIRECTOR 1.00 0.00 X 0 0 0 VIRGINIA SMITH DIRECTOR 1.00 0.00 X 0 0 0 DAVID J STROUT DIRECTOR 1.00 0.00 X 0 0 0 DOROTHY STUBBLEBINE DIRECTOR 1.00 0.00 X 0 0 0 JAMES TARANGELO DIRECTOR 1.00 0.00 X 0 0 0 JACK TARDITI DIRECTOR 1.00 0.00 X 0 0 0 PAUL TULLY DIRECTOR 1.00 0.00 X 0 0 0 JESSE SHAFER EXECUTIVE DIRECTOR AS OF JUNE 2021 10.00 40.00 X 0 0 0 RONALD J TALLARIDA EXECUTIVE DIRECTOR THRU JUNE 2021 10.00 40.00 X 0 277318 14000 0 1004083 178388 0 0 1 0 UBS FINANCIAL SERVICES INC 1251 AVENUE OF AMERICAS NEW YORK NY 10020 INVESTMENT MANAGEMENT FEES 185109 1 21512 31245187 20951380 31266699 3504033 -325452 3829485 24599507 20208733 4390774 4390774 280820 4109954 0 21512 10000 -10000 -10000 MERCHANT COMMISSIONS 900099 38995 38995 ALUMNI EVENTS 900099 23938 23938 SETTLEMENT INCOME 900099 8673 8673 1175 1175 72781 39224287 0 -44632 8002220 11803213 11803213 2795990 2795990 37587 37587 72880 72880 283730 283730 65600 65600 7566 7566 18975 18975 40233 40233 LICENSE & REGISTRATIONS 11659 11659 15137433 14610862 526571 0 10296826 14314175 2981602 2768476 261922 253014 0 7500 137596919 190644618 89613842 131820894 240751111 339808677 76165 86455 15000 161800 2655628 794149 2746793 1042404 X 47027712 90995497 190976606 247770776 238004318 338766273 240751111 339808677 X 24086854 76625787 49314 X X 0 1 X 0 0 X 12950608 20183369 13119532 16292638 31266699 93812846 12950608 20183369 13119532 16292638 31266699 93812846 45798454 48014392 2795245 4171091 4004436 3565511 3829485 18365768 68953 94512 72781 236246 112414860 0.42710 0.48550 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ALUMNI EVENTS - 2018 AMOUNT: $ 68,953. 2019 AMOUNT: $ 54,900. 2020 AMOUNT: $ 23,938. SETTLEMENT PAYMENT - 2019 AMOUNT: $ 20,185. 2020 AMOUNT: $ 8,673. MERCHANT COMMISSIONS - 2019 AMOUNT: $ 19,427. 2020 AMOUNT: $ 38,995. MISCELLANEOUS INCOME - 2020 AMOUNT: $ 1,175. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 220255877 25545326 81202338 9162025 317841516 221976279 8418971 -1520651 8618722 220255877 207198055 13672945 9513681 8357575 50827 221976279 191835489 10888374 13448332 8279940 694200 207198055 173209103 11057585 16137197 7471007 1097389 191835489 0.01343 0.98657 0.00000 0 0 0 VENTURE CAPITAL INVESTMENT 3494006 F PRIVATELY HELD COMMON STOCK 108082 F PRIVATE EQUITY 69441765 F ABSOLUTE RETURN 43564430 F REALTY INVESTMENTS 15212611 F 131820894 DUE TO ROWAN UNIVERSITY 408276 ANNUITIES PAYABLE 232517 SPLIT-INTEREST AGREEMENTS 153356 794149 115576344 76625787 10000 76635787 38940557 283730 283730 39224287 14814389 10000 10000 14804389 283730 49314 333044 15137433 PART V, LINE 4: TO ADVANCE THE SUSTAINABILITY OF THE FOUNDATION'S SUPPORT OF ROWAN UNIVERSITY'S EDUCATIONAL MISSION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RE-CLASS OF EVENT EXPENSES TO PART VIII 10,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RE-CLASS OF EVENT EXPENSES TO PART VIII 10,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 49,314. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 47419489 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENT 5827337 NORTH AMERICA 0 0 INVESTMENT 6064369 0 0 0 0 0 0 59311195 0 59311195 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 1, 3, 4, AND 5: THE ORGANIZATION IS REQUIRED TO FILE FORMS 926 AND FORMS 8865 BECAUSE IT MEETS THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 OR FORM 8621 BECAUSE IT DOES NOT MEET THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. VIRTUAL MLK SCHOLARSHIP 21512 21512 10000 21512 21512 10000 10000 -10000 1 ROWAN UNIVERSITY 201 MULLICA HILL ROAD GLASSBORO NJ 08081 222764819 STATE OF NEW JERSEY 11749734 48433 COST EQUIPMENT/MUSICAL SCORES TO SUPPORT ROWAN UNIVERSITY ROWAN UNIVERSITY STUDENT GOVERNMENT ASSOCIATION 201 MULLICA HILL ROAD GLASSBORO NJ 08081 222628847 501(C)(3) 5046 TO SUPPORT STUDENT GOVERNMENT ACTIVITIES 2 0 SCHOLARSHIP 910 2795990 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF THE GRANTS TO ROWAN UNIVERSITY AND ROWAN UNIVERSITY STUDENT GOVERNMENT ASSOCIATION THROUGH COMMON MANAGEMENT AND PROVIDES STEWARDSHIP REPORTS TO THE DONORS REGARDING THE USE OF THE FUNDS. SCHOLARSHIPS AWARDED ARE CREDITED DIRECTLY TO THE STUDENTS' TUITION ACCOUNTS. 0 1 0 0 0 0 0 0 0 DR ALI HOUSHMAND DIRECTOR (PRES., ROWAN UNIVERSITY) 0 574187 0 88841 0 63737 0 89000 0 75388 0 891153 0 0 RONALD J TALLARIDA EXECUTIVE DIRECTOR THRU JUNE 2021 0 251425 0 25000 0 893 0 14000 0 0 0 291318 0 0 PART I, LINE 3 THE ORGANIZATION'S EXECUTIVE DIRECTORS, RONALD J. TALLARIDA (UNTIL JUNE 2021) AND JESSE SHAFER (AS OF JUNE 2021), WERE COMPENSATED BY A RELATED ORGANIZATION, ROWAN UNIVERSITY. THEIR 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 ROWAN UNIVERSITY. THESE REVIEWS INCLUDED THE USE OF COMPARABILITY DATA FOR BOTH INTERNAL AND EXTERNAL COMPENSATION EQUITY. PART I, LINE 4B ALI 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 $75,000 TO THE PLAN ON HIS BEHALF IN CALENDAR YEAR 2020. X 14 20902947 AVG. SELLING PRICE X MUSICAL SCORE 1 26563 APPRAISAL X EQUIPMENT 7 21870 COST 1 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS, DAVE BURGIN AND BRIGHID BURGIN HOEMPLER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS DELEGATED FINANCIAL AND ACCOUNTING RESPONSIBILITIES TO THE FINANCE DEPARTMENT OF ROWAN UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE ROWAN UNIVERSITY BOARD OF TRUSTEES APPOINTS ALL DIRECTORS, EXCEPT FOR THE DIRECTOR POSITION THAT IS RESERVED TO THE PRESIDENT OF THE UNIVERSITY AND CHAIRPERSON OF THE UNIVERSITY TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C ROWAN UNIVERSITY FOUNDATION (RUF) CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IS MONITORED AND ENFORCED ANNUALLY. THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, OFFICERS, EMPLOYEES, AND AGENTS OF RUF, INCLUDING EMPLOYEES OF ROWAN UNIVERSITY WHO ACT ON BEHALF OF RUF. EACH RUF DIRECTOR AND OFFICER MUST ANNUALLY SUBMIT A DISCLOSURE STATEMENT TO THE BOARD CHAIR LISTING, TO THE BEST OF HIS/HER KNOWLEDGE BUT WITHOUT DUTY TO INVESTIGATE, ALL ORGANIZATIONS WITH WHICH HE OR SHE IS AFFILIATED AND DESCRIBING THE NATURE OF THE AFFILIATION. IN THE EVENT THERE IS ANY MATERIAL CHANGE IN THE INFORMATION CONTAINED IN THE DISCLOSURE STATEMENT, THE PERSON WHO SUBMITTED IT MUST PROMPTLY SUBMIT WRITTEN NOTIFICATION OF THE CHANGE. ANY DIRECTOR OR OFFICER WHO IS UNCERTAIN ABOUT A POSSIBLE CONFLICT OF INTEREST IN ANY MATTER MAY REQUEST THE EXECUTIVE COMMITTEE TO DETERMINE WHETHER A POSSIBLE CONFLICT EXISTS. IF REFERRED TO THE EXECUTIVE COMMITTEE, THE QUESTION MUST BE RESOLVED BY MAJORITY VOTE AND MAY BE FORWARDED TO THE FULL BOARD FOR FURTHER REVIEW. THE INTERESTED PERSON MUST NOT VOTE ON THE MATTER IN QUESTION AND MUST NOT BE PRESENT AT THE TIME OF THE VOTE. THE DECISION OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 49,314. FORM 990, PART XII, LINE 2C: THE FILING ORGANIZATION DOES NOT HAVE A SEPARATE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE 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. THE FILING ORGANIZATION DOES HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. ROWAN INNOVATION VENTURE FUND LLC 201 MULLICA HILL ROAD GLASSBORO NJ 08028 471589274 PROVIDES EARLY STAGE FUNDING TO ENTREPRENEURS NJ 0 3520841 ROWAN UNIVERSITY FOUNDATION ROWAN UNIVERSITY 201 MULLICA HILL ROAD GLASSBORO NJ 08028 222764819 HIGHER EDUCATION NJ N/A 0 SOUTH JERSEY TECHNOLOGY PARK AT ROWAN UNIVERSITY INC 201 MULLICA HILL ROAD GLASSBORO NJ 08028 050526470 RESEARCH AND INNOVATION NJ 501(C)(3) LINE 12A, I ROWAN UNIVERSITY 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0