2021-05-10T11:43:07-05:00 2020-06-30 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2019-07-01 237318742 RUTGERS UNIVERSITY FOUNDATION RUTG 8489328020 335 GEORGE STREET NEW BRUNSWICK NJ 08901 CHRISTOPHER P ZRALY CFO 7329322076 2021-05-04 1 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2021-05-04 2019 2022-09-23 18:48:47Z CHRISTOPHER P ZRALY 335 GEORGE STREET NEW BRUNSWICK NJ 08901 176752391 0 X WWW.SUPPORT.RUTGERS.EDU X 1973 NJ TO SUPPORT RUTGERS, THE STATE UNIVERSITY, AND HELP IT ATTAIN EXCELLENCE (CONTINUED ON SCHEDULE O) IN EDUCATION, RESEARCH AND PUBLIC SERVICE BY BUILDING RELATIONSHIPS WITH SUPPORTERS TO RAISE MONEY FOR RUTGERS. 50 50 254 85 11617 1846 97963459 130613901 3995497 8326002 341810 176444 24860571 26140598 127161337 165256945 107660624 141779905 0 0 17305672 19637718 2638460 1718490 2816047 11168970 11086336 138773726 174222449 -11612389 -8965504 131162531 125048274 19680538 22531354 111481993 102516920 X THE SOLE MISSION OF THE RUTGERS UNIVERSITY FOUNDATION, SINCE ITS FOUNDING IN 1973, IS TO SUPPORT RUTGERS, THE STATE UNIVERSITY, AND HELP IT ATTAIN EXCELLENCE IN EDUCATION, RESEARCH, AND PUBLIC SERVICE (CONTINUED ON SCHEDULE O) BY BUILDING RELATIONSHIPS WITH ALUMNI, PARENTS, FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHER SUPPORTERS, THE FOUNDATION RAISES MONEY FOR, AND MATCHES DONORS INTERESTS TO, RUTGERS PRIORITIES, AS SET FORTH BY UNIVERSITY LEADERSHIP. 0 0 158402248 141779905 34275718 THE RUTGERS UNIVERSITY FOUNDATION RAISES FUNDS TO MEET UNIVERSITY NEEDS AND SUPPLEMENT STATE, FEDERAL AND OTHER SOURCES FOR STUDENTS AND LEARNING INCLUDING SCHOLARSHIPS AND PROGRAMS, FACULTY AND RESEARCH, CAMPUSES AND FACILITIES, AND UNIVERSITY AND COMMUNITY PROGRAMS. 158402248 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 127 33 1 254 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 50 50 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA HI KY MD MI MN NJ NY UT MA OH NH OR SC WI WV X CHRISTOPHER P ZRALY 8489328020 335 GEORGE STREET NEW BRUNSWICK NJ 08901 X ALAN M CROSTA JR DIRECTOR 1.00 X 0 0 0 AMY TOWERS DIRECTOR 1.00 X 0 0 0 ARTHUR CERTOSIMO DIRECTOR 1.00 X 0 0 0 ATIYA AFTAB DIRECTOR 1.00 X 0 0 0 BENJAMIN S WOLFE DIRECTOR 1.00 X 0 0 0 BRIAN D PERKINS DIRECTOR 1.00 X 0 0 0 BRUCE BINGHAM DIRECTOR 1.00 X 0 0 0 BRUCE P KERZIC DIRECTOR 1.00 X 0 0 0 C EDWARD CHAPLIN VICE CHAIR 1.00 X X 0 0 0 CHARLES CHANG DIRECTOR 1.00 X 0 0 0 CHRISTIANA R FOGLIO-PALMER DIRECTOR 1.00 X 0 0 0 DANIEL DIFILIPPO DIRECTOR 1.00 X 0 0 0 DANIEL REINHARDT VICE CHAIR 1.00 X X 0 0 0 DEBRA O'NEAL EX-OFFICIO/DIRECTOR 1.00 X 0 0 0 DORIAN J WILSON DIRECTOR 1.00 X 0 0 0 DUNCAN L MACMILLAN SECRETARY 1.00 X X 0 0 0 ELIZABETH J MCNEILLY DIRECTOR 1.00 X 0 0 0 GARY M RODKIN DIRECTOR 1.00 X 0 0 0 GARY W CHROPUVKA DIRECTOR 1.00 X 0 0 0 HARRIETT DRUSKIN DIRECTOR 1.00 X 0 0 0 J MICHAEL GOWER EX-OFFICIO/TREASURER 1.00 X X 0 0 0 JAMES BERG DIRECTOR 1.00 X 0 0 0 JAMES DOUGHERTY EX-OFFICIO/DIRECTOR 1.00 X 0 0 0 JOHN SIVOLELLA DIRECTOR 1.00 X 0 0 0 JOSEPH MORONEY DIRECTOR 1.00 X 0 0 0 KATE SWEENEY DIRECTOR 1.00 X 0 0 0 KENNETH D LAWRENCE DIRECTOR 1.00 X 0 0 0 KEVIN D MCGRATH DIRECTOR 1.00 X 0 0 0 KIMBERLY BANKS MACKAY DIRECTOR 1.00 X 0 0 0 LUCAS J VISCONTI DIRECTOR 1.00 X 0 0 0 MARGARET T DERRICK DIRECTOR 1.00 X 0 0 0 MARK ANGELSON EX-OFFICIO/DIRECTOR 1.00 X 0 0 0 MARY PAPAMARKOU DIRECTOR 1.00 X 0 0 0 MIA CHRISTINE PARK DIRECTOR 1.00 X 0 0 0 MICHAEL N GOODKIND DIRECTOR 1.00 X 0 0 0 PATRICIA DEVITT RISSE DIRECTOR 1.00 X 0 0 0 PETER D CHERASIA DIRECTOR 1.00 X 0 0 0 PHILIP SCALO CHAIR 1.00 X X 0 0 0 REEMA PURI DIRECTOR 1.00 X 0 0 0 RICHARD STANZIONE DIRECTOR 1.00 X 0 0 0 ROBERT FALZON DIRECTOR 1.00 X 0 0 0 ROBERT L BARCHI EX-OFFICIO/DIRECTOR 1.00 X 0 0 0 RONALD GARUTTI DIRECTOR 1.00 X 0 0 0 SCOTT E WHITE DIRECTOR 1.00 X 0 0 0 SHARON E KARMAZIN DIRECTOR 1.00 X 0 0 0 STEVEN B BOEHM DIRECTOR 1.00 X 0 0 0 STEVEN H TEMARES DIRECTOR 1.00 X 0 0 0 STEVEN M DARIEN DIRECTOR 1.00 X 0 0 0 SUBHA BARRY DIRECTOR 1.00 X 0 0 0 VAUGHN L MCKOY DIRECTOR 1.00 X 0 0 0 CHRISTOPHER P ZRALY ASSOCIATE TREASURER 37.50 X 216406 0 21906 NEVIN E KESSLER PRESIDENT 37.50 X 0 0 0 SUSAN CATANIA ASSISTANT SECRETARY 37.50 X 76172 0 8872 CHRISTOPHER NEEDLES VICE PRESIDENT 37.50 X 272666 0 37705 JULIE D CUMMINGS VICE PRESIDENT 37.50 X 219302 0 18783 WILLIAM J GREEN VICE PRESIDENT 37.50 X 322105 0 81513 ASHAKI CHARLES ASSOC. VICE PRESIDENT 37.50 X 194191 0 27199 CARLY NORTHUP ASSOC. VICE PRESIDENT 37.50 X 188414 0 14095 DAVID M EDWARDS ASSOC. VICE PRESIDENT 37.50 X 172049 0 64130 DENISE GAVALA ASSOC. VICE PRESIDENT 37.50 X 215741 0 31911 JILL BOND ASSOC. VICE PRESIDENT 37.50 X 183839 0 31111 2060885 0 337225 48 0 1 0 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 CHAR. SOLIC. & FNDRSNG 1354420 OLOGIE LLC 447 EAST MAIN STREET COLUMBUS OH 43215 BRANDING CONSULTING 202178 EASTERN STANDARD LLC 1218 CHESTNUT ST 4TH FLOOR PHILADELPHIA PA 19107 BRANDING CONSULTING 132926 COMMUNITY COUNSELLING SERVICES CO LLC 527 MADISON AVE 5TH FLOOR NEW YORK NY 10022 FUNDRAISING CONSULTING 112500 MINTZ COMMUNICATIONS LLC 330 3RD AVE APT 11G NEW YORK NY 10010 DIGITAL MARKETING CONSULTING 100635 5 40834 130573067 8346772 130613901 GIFT ASSESSMENT FEES 900099 8188977 8188977 PROSPECT ENGAGEMENT 900099 137025 137025 8326002 228394 481 227913 11309539 11361489 -51950 -51950 -51950 39883 40834 1569 38314 38314 273820 132388 141432 141432 ADMIN FEES & SUPPORT 900099 25949716 25949716 OTHER INCOME 900099 11136 11136 25960852 165256945 34275718 11617 355709 141779905 141779905 1376811 1376811 13273317 9662839 3610478 1156006 898545 257461 2532274 1240077 1292197 1299310 969940 329370 3569371 1561293 2008078 44470 12157 32313 100239 100239 1718490 1718490 61102 61102 956567 600342 356225 185453 133089 52364 1406655 314375 1092280 1264272 165344 1078235 20693 284916 284916 358591 316206 42385 291481 165179 126302 116061 116061 DONOR & ALUMNI EVENTS 1202094 125230 1076864 PRINTING & PUBLICATIONS 567401 553339 14062 REPAIRS AND MAINTENANCE 423429 2129 421300 EQUIPMENT PURCHASES 238483 14568 223915 15751 12921 2830 174222449 158402248 13004154 2816047 16344921 7196695 81163158 79208362 7042692 10504048 788209 635381 25032805 26761385 27922 27310 762824 715093 131162531 125048274 6638478 7318723 4545587 5142017 8496473 10070614 19680538 22531354 X 7503668 8863125 103978325 93653795 111481993 102516920 131162531 125048274 -8965504 431 0 X X 0 1 X 1 0 X 109791010 127572245 131206353 97963459 130613901 597146968 109791010 127572245 131206353 97963459 130613901 597146968 597146968 466275 398011 136447 303708 227913 1532354 16442 6203 16036 11617 50298 15077270 24835503 24858353 25037070 26263419 116071615 714801235 27367144 0.83540 0.84460 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMIN FEE AND SUPPORT RUTGERS - 2015 AMOUNT: $ 14,575,886. 2016 AMOUNT: $ 24,386,916. 2017 AMOUNT: $ 24,458,586. 2018 AMOUNT: $ 24,621,481. 2019 AMOUNT: $ 25,949,716. OTHER INCOME - 2015 AMOUNT: $ 71. 2016 AMOUNT: $ 3,253. 2017 AMOUNT: $ 1,097. 2018 AMOUNT: $ 854. FUNDRAISING GAMING - 2015 AMOUNT: $ 501,313. 2016 AMOUNT: $ 445,334. 2017 AMOUNT: $ 398,670. 2018 AMOUNT: $ 414,735. 2019 AMOUNT: $ 313,703. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2359486 66546 6260 854 2418918 2311554 93001 90548 135374 243 2359486 2318438 6793 13400 277 2311554 2303535 31624 16463 258 2318438 9191120 18481 17400 6888400 266 2303535 0.93400 0.06600 0 0 0 ANNUITIES PAYABLE 9301226 OTHER LIABILITIES 769388 10070614 168158034 431 2817815 2818246 165339788 51114 -133957 -82843 165256945 177123107 2817815 133957 2951772 174171335 51114 51114 174222449 PART XI, LINE 4B - OTHER ADJUSTMENTS: EVENT AND GAMING EXPENSES RECORDED AS EXPENSES ON FINANCIAL STATEMENTS -133,957. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT AND GAMING EXPENSES RECORDED AS EXPENSES ON FINANCIAL STATEMENTS 133,957. EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING AND ENGAGEMENT EVENTS DONOR VISITS & HOSTING OF ALUMNI EVENTS 98907 0 0 0 0 0 0 98907 0 98907 0 0 0 0 0 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 3: THE RUTGERS UNIVERSITY FOUNDATION HAS ESTABLISHED AN INTERNATIONAL FUNDRAISING BUDGET TO ENGAGE ALUMNI AND HOLD EVENTS TO INCREASE FUNDRAISING IN ASIA. DURING FISCAL YEAR 2020, $98,907 WAS EXPENDED FOR THESE PURPOSES. X X X X X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 MAIL AND PHONE FUNDRAISING CONSULTING 0 925077 1349101 -424024 THE DONLON AGENCY LLC 1175 PEACHTREE ST 10TH FL ATLANTA GA 30361 MAIL FUNDRAISING/CONSULTING 0 486373 423238 63135 THE ANGELETTI GROUP LLC 17 VILLAGE ROAD PO BOX 188 NEW VERNON NJ 07976 FUNDRAISING CONSULTING 0 0 25000 -25000 OLOGIE LLC 447 EAST MAIN STREET COLUMBUS OH 43215 FUNDRAISING CONSULTING 0 0 33423 -33423 BLACKBAUD INC 2000 DANIEL ISLAND DR CHARLESTON SC 29462 FUNDRAISING CONSULTING 0 0 70336 -70336 BENTZ WHALEY FLESSNER & ASSOCIATES 7251 OHMS LANE MINNEAPOLIS MN 55439 FUNDRAISING CAPACITY CONSULTING 0 0 27980 -27980 PLUS DELTA PARTNERS 6965 EL CAMINO REAL STE 105-488 CARLSBAD CA 92009 FUNDRAISING TRAINING 0 0 7485 -7485 COMMUNITY COUNSELLING SERVICES CO LLC 461 5TH AVE 3RD FLOOR NEW YORK NY 10017 FUNDRAISING CONSULTING 0 0 22500 -22500 PENTERA INC 8650 COMMERCE PARK PLACE SUITE G INDIANAPOLIS IN 46268 FUNDRAISING CONSULTING 0 0 106049 -106049 1411450 2065112 -653662 AL AK AR AZ CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC DISTINGUISHED ALUMNI AWARDS CELEBRA 18920 12721 6199 SCARLET WALK BRICK 15712 4823 10889 1569 6 46085 23290 22795 80717 40834 39883 1569 1569 38314 273820 130168 2220 1 0.50000 273820 130168 2220 132388 141432 NJ 1 0 0 0 1.00000 CHRISTOPHER P ZRALY 335 GEORGE STREET NEW BRUNSWICK NJ 08901 0 CHRISTOPHER P ZRALY N/A X 0 1 RUTGERS UNIVERSITY 33 KNIGHTSBRIDGE RD PISCATAWAY NJ 08854 226001086 170(B)(1)(A)(II) 141721294 EDUCATION-RELATED/ ATHLETICS DOUGLASS ASSOCIATE ALUMNAE 191 RYDERS LANE NEW BRUNSWICK NJ 08901 221607270 501(C)(3) 58611 SUPPORT ASSOCIATIONS PROGRAMS 2 PART I, LINE 2: THE FOUNDATION MAINTAINS TRANSFER RECORDS FOR ALL GIFTS RAISED FOR THE UNIVERSITY AND THE UNIVERSITY MONITORS THE EXPENDITURES OF THOSE FUNDS, ALSO THE FOUNDATION PROVIDES STEWARDSHIP REPORTS TO DONORS REGARDING USAGE OF FUNDS. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER P ZRALY ASSOCIATE TREASURER 214084 0 0 0 2322 0 17359 0 4547 0 238312 0 0 0 CHRISTOPHER NEEDLES VICE PRESIDENT 270344 0 0 0 2322 0 22002 0 15703 0 310371 0 0 0 JULIE D CUMMINGS VICE PRESIDENT 215738 0 0 0 3564 0 17275 0 1508 0 238085 0 0 0 WILLIAM J GREEN VICE PRESIDENT 321295 0 0 0 810 0 27399 0 54114 0 403618 0 0 0 ASHAKI CHARLES ASSOC. VICE PRESIDENT 188218 0 0 0 5973 0 13424 0 13775 0 221390 0 0 0 CARLY NORTHUP ASSOC. VICE PRESIDENT 186698 0 0 0 1716 0 0 0 14095 0 202509 0 0 0 DAVID M EDWARDS ASSOC. VICE PRESIDENT 171509 0 0 0 540 0 15016 0 49114 0 236179 0 0 0 DENISE GAVALA ASSOC. VICE PRESIDENT 214499 0 0 0 1242 0 17518 0 14393 0 247652 0 0 0 JILL BOND ASSOC. VICE PRESIDENT 181517 0 0 0 2322 0 15016 0 16095 0 214950 0 0 0 PART I, LINE 1A TEN OF THE EMPLOYEES HAD ANNUAL DUES PAID FOR THE RUTGERS CLUB - $100 PER PERSON. THESE ANNUAL DUES WERE PAID IN ORDER TO ENTERTAIN DONORS AND PROVIDE A SOCIAL MEETING PLACE FOR CONVERSATIONS WITH UNIVERSITY PERSONNEL. X 339 7690793 FMV X 1 653400 FMV X 1 2579 FMV 2 0 1 1 PART I, COLUMN (B): AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: FOR ANY NON CASH GIFTS THAT ARE DIFFICULT TO SELL IN AN OPEN MARKET, THIRD PARTY VENDORS MAY BE RETAINED TO LIQUIDATE NON CASH ITEMS VIA AUCTIONS (WORKS OF ART AND SPECIALIZED COLLECTIBLES FOR EXAMPLE). PART I, LINE 33: THE RUTGERS FOUNDATION HAS RECORDED ONLY THE NON CASH GIFTS RECEIVED DIRECTLY AT THE FOUNDATION, OR NON CASH GIFTS RECEIVED AT THE UNIVERSITY WHERE THE FOUNDATION SIGNS FORM 8283. FORM 990, PART I, LINE 5 PART I LINE 5 INDICATES THE RUTGERS UNIVERSITY FOUNDATION EMPLOYED 254 INDIVIDUALS DURING CALENDAR YEAR 2019. THE FOUNDATION EMPLOYS APPROXIMATELY 212 FULL-TIME PROFESSIONAL FUNDRAISING STAFF MEMBERS. THE BALANCE ARE PRIMARILY PART TIME EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE FOUNDATION'S STAFF. DRAFT RETURN IS REVIEWED BY THE CFO AND THEN PRESENTED TO THE AUDIT AND RISK MANAGEMENT COMMITTEE FOR THEIR REVIEW AND APPROVAL ON BEHALF OF THE FULL BOARD. THE FULL BOARD OF DIRECTORS IS PROVIDED A COPY OF THE APPROVED FORM 990 FOR THEIR REVIEW PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT AND RISK MANAGEMENT COMMITTEE CHAIR REVIEWS ALL RELATED PARTY TRANSACTION DISCLOSURE FORMS NOT LESS THAN ANNUALLY. IN THE EVENT THAT A BOARD MEMBER'S OR STAFF MEMBER'S STATUS CHANGES DURING THE YEAR THE AUDIT AND RISK MANAGEMENT COMMITTEE CHAIR WOULD REVIEW THE UPDATED CHANGE. ALL DISCLOSURE FORMS ARE AVAILABLE TO MEMBERS OF THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S PRESIDENT REVIEWS ANY CHANGES IN COMPENSATION FOR THE SENIOR MANAGEMENT TEAM ON AN ANNUAL BASIS WITH THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THEY UTILIZE COMPARATIVE SALARY INFORMATION FOR OTHER ORGANIZATIONS TO CONSIDER THE REASONABLENESS OF THE COMPENSATION FOR EACH INDIVIDUAL. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST ONLY AT THIS TIME. FORM 990, PART VII, SECTION A: THE PRESIDENT OF THE RUTGERS UNIVERSITY FOUNDATION IS AN EMPLOYEE OF RUTGERS UNIVERSITY, WHICH IS CONSIDERED AN UNRELATED ORGANIZATION FOR TAX PURPOSES. THE UNIVERSITY DETERMINES THE PRESIDENT'S COMPENSATION. THE PRESIDENT DOES NOT RECIEVE ANY COMPENSAITON FOR HIS WORK ON THE BOARD, AS SUCH THE SALARY IS NOT DISCLOSED ON THE 990. FORM 990, PART XII, LINE 2C: THE RUTGERS UNIVERSITY FOUNDATION HAS AN AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE ADVISES THE FULL BOARD ON ALL AUDITING AND ACCOUNTING MATTERS, HAS OVERSIGHT OVER THE QUALITY AND INTEGRITY OF THE FOUNDATION'S ACCOUNTING, INTERNAL CONTROL AND FINANCIAL REPORTING PRACTICES. CONSISTENT WITH THIS PURPOSE, THE AUDIT AND RISK MANAGEMENT COMMITTEE PROPOSES TO THE BOARD THE APPOINTMENT OF THE EXTERNAL AUDITORS FOR THE ANNUAL EXAMINATION OF THE FOUNDATIONS YEAR-END FINANCIAL STATEMENTS AND OTHER AUDIT NEEDS AS NECESSARY. RUF NYC LLC 7 COLLEGE AVE NEW BRUNSWICK NJ 08901 822993760 LICENSE NJ 72080 31353 RUTGERS UNIVERSITY FOUNDATION