2020-05-08T09:04:40-05:00 2019-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2018-07-01 222482802 Rowan University Foundation % JOSEPH F SCULLY JR ROWA 8562564097 201 Mullica Hill Road Glassboro NJ 08028 RONALD J TALLARIDA Executive Director 8562564119 2020-05-04 true Russlee Armstrong P00288383 2155614200 73.233.84.6 23695320201295000000 2020-05-08 P 5ECDBAAA2251BF06823C096906AB0990A13F2727 560A5221E85C69B18852755D46CE5F4776D286E5 2018 2020-09-23 17:36:50Z RONALD J TALLARIDA 201 Mullica Hill Road Glassboro NJ 08028 50885725 false X https://sites.rowan.edu/advancement X 1983 NJ THE FOUNDATION'S MISSION IS TO RAISE MONEY AND OBTAIN OBJECTS OF VALUE, THROUGH DONATION, PRIVATE OR PUBLIC GRANTS, OR GIFTS FOR THE USE OF OR BENEFITTING ROWAN UNIVERSITY. 28 27 0 27 0 -135602 20183369 13119532 0 0 10495852 8854295 30118 136854 30709339 22110681 13767017 13358337 0 0 0 0 0 0 0 922037 1092351 14689054 14450688 16020285 7659993 230384334 237594328 2848991 499348 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false false false false true true false false true true true true true true false false false AK DC FL ME MD MA MI MN NH NJ WA X JOSEPH F SCULLY JR 8562564097 201 MULLICA HILL ROAD Glassboro NJ 08028 Stephen H Clark Chair 0.2 0.0 X X 0 0 0 Erica Ortiz Vice Chair 0.3 0.0 X X 0 0 0 Jack Hafner Treasurer 0.4 0.0 X X 0 0 0 April Carty-Sipp Secretary 0.2 0.0 X X 0 0 0 George Awad Director 0.2 0.0 X 0 0 0 Suzanne Smalley Beers Director 0.2 0.0 X 0 0 0 Joe Bottazzi Director 0.4 0.0 X 0 0 0 Dave Burgin Director 0.2 0.0 X 0 0 0 Anthony Calabrese Director 0.4 0.0 X 0 0 0 Michael Connallon Director 0.2 0.0 X 0 0 0 Riccardo Dale Director 0.2 0.0 X 0 0 0 Tony Galvin Director 0.4 0.0 X 0 0 0 James George Director 0.4 0.0 X 0 0 0 Robert W Hoey Director 0.4 0.0 X 0 0 0 Dr Ali A Houshmand Director (Pres of Rowan Uni) 0.2 45.0 X 0 691867 51774 Scott Kintzing Director 0.4 0.0 X 0 0 0 Stanley LaBruna Director 0.3 0.0 X 0 0 0 Reginald J Middleton Director 0.2 0.0 X 0 0 0 Alyce Parker Director 0.2 0.0 X 0 0 0 Harry I Scheyer Director 0.4 0.0 X 0 0 0 Pauline Schneider Director 0.2 0.0 X 0 0 0 Riley Shea Director 0.2 0.0 X 0 0 0 Virginia Smith Director 0.1 0.0 X 0 0 0 David J Strout Director 0.2 0.0 X 0 0 0 Dorothy Stubblebine Director 0.3 0.0 X 0 0 0 James Tarangelo Director 0.4 0.0 X 0 0 0 Jack Tarditi Director 0.2 0.0 X 0 0 0 Paul Tully Director 0.3 0.0 X 0 0 0 John J Zabinski Executive Director 10.0 40.0 X 0 333978 34139 Ronald J Tallarida Deputy Executive Director 10.0 40.0 X 0 180935 34427 0 1206780 120340 0 false true false 0 12993 13106539 3989918 13119532 0 3929336 3929336 0 75100 75100 0 0 0 33689339 28764380 4924959 4924959 4924959 3465 12993 10664 -7199 -7199 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 68953 68953 68953 22110681 8991149 10944336 10944336 2414001 2414001 0 0 0 0 0 0 0 0 0 27997 27997 66690 66690 0 0 382482 382482 102234 10000 92234 0 10071 10071 2532 2532 0 0 400 400 659 659 0 0 0 0 0 37574 37574 BAD DEBT EXPENSE 388783 388783 0 INTERNSHIP PROGRAM 66788 66788 0 0 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7324100 473200 173209103 171063161 3764942 5538827 6493501 50000 173823429 0.01430 0.98570 false false REALTY INVESTMENTS 14465330 F ALTERNATIVE INVESTMENTS 59947280 F 74412610 0 DUE TO ROWAN UNIVERSITY 86910 86910 23583670 1757975 10664 1768639 21815031 295650 295650 22110681 14024033 -141669 10664 -131005 14155038 295650 295650 14450688 Intended Uses of Endowment Funds SCHEDULE D, PART V, LINE 4 TO PROVIDE SCHOLARSHIPS TO THE STUDENTS OF ROWAN UNIVERSITY AND GIFTS TO ROWAN UNIVERSITY IN MEETING ITS EDUCATIONAL MISSION. Reconciliation of Revenue - Other SCHEDULE D, PART XI, LINE 2D FUNDRAISING EXPENSES (RECLASS) $10,664 Reconciliation of Expenses - Other SCHEDULE D, PART XII, LINE 2B DEFERRED OUTFLOWS ON CHARITABLE GIFT ANNUITIES ASSOCIATED WITH GASB81 ADJUSTMENTS $(141,669) SCHEDULE D, PART XII, LINE 2D FUNDRAISING EXPENSES (RECLASS) $10,664 MLK Breakfast 16458 12993 3465 10664 0 16458 12993 3465 10664 10664 -7199 true Rowan University 201 Mullica Hill Road Glassboro NJ 08081 222764819 115 10944336 0 Program Services 1 Student Scholarships 788 2414001 0 PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. SCHEDULE I, PART I, LINE 2 THE FOUNDATION MAINTAINS TRANSFER RECORDS FOR ALL GIFTS RAISED FOR THE UNIVERSITY, MONITORS THE EXPENDITURES OF THOSE FUNDS, AND PROVIDES STEWARDSHIP REPORTS TO DONORS REGARDING USAGE OF THE FUNDS. THE FOUNDATION ALSO PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT ROWAN UNIVERSITY; THEREFORE, ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND NO FURTHER MONITORING OF THE GRANTS IS REQUIRED. false false false false false false false false false Dr Ali A Houshmand Director (Pres of Rowan Uni) 0 577934 0 84150 0 29783 0 38500 0 13274 0 743641 0 0 John J Zabinski Executive Director 0 321723 0 0 0 12255 0 14000 0 20139 0 368117 0 0 Ronald J Tallarida Deputy Executive Director 0 180268 0 0 0 667 0 14000 0 20427 0 215362 0 0 Part I, Question 3 Rowan University Foundation Director Dr. Ali Houshmand is the President of Rowan University. Dr. Houshmand is not compensated by this filing organization; he is compensated by related organization Rowan University. His compensation is determined by the Board of Directors in consultation with an external consulting firm. Rowan University Foundation Officer (Deputy Executive Director) Ronald J. Tallarida is not compensated by this filing organization; he is compensated by related organization Rowan University. His compensation is determined through the annual management salary review process (which includes the Chief Human Resource Officer, Chief Financial Officer, and the President of Rowan University) which includes a review of performance for merit increase, as well as a review for both internal and external equity. X 1 1000 Fair Market Value X 1400 Fair Market Value X 7975 Fair Market Value X 12 3851284 Fair Market Value X 1 81613 Fair Market Value X 1 335 Fair Market Value X 2 29064 Fair Market Value X 1 500 Fair Market Value X Construction Material 2 9864 Fair Market Value X Office Equipment 1 4383 Fair Market Value X Instructional Equipment 2 2500 Fair Market Value false false true Third Party Assistance of Noncash Contributions SCHEDULE M, LINE 32A ROWAN UNIVERSITY FOUNDATION USES AN UNRELATED THIRD PARTY TO SELL DONATED PUBLICLY TRADED SECURITIES. Form 1096 Reporting FORM 990, PART V, LINE 1A FORM 1096 REPORTING FOR THE FILING ORGANIZATION IS PROCESSED BY ROWAN UNIVERSITY AND UNDER ROWAN UNIVERSITY'S EIN (22-2764819). THE NUMBER PROVIDED IS THE FILING ORGANIZATION'S REPORTING FIGURE AND IS INCLUDED IN BOX 3 OF FORM 1096 FILED BY ROWAN UNIVERSITY. Delegation of Authority FORM 990, PART VI, 1A THE BOARD DELEGATES ITS AUTHORITY TO THE INVESTMENT COMMITTEE TO MAKE DECISIONS REGARDING FOUNDATION INVESTMENTS. Form 990 Review Process FORM 990, PART VI, LINE 11B THE ROWAN UNIVERSITY ACCOUNTING SERVICES OFFICE (ACCOUNTING SERVICES) ACTS AS THE LIAISON IN THE PREPARATION OF THE TAX RETURNS FOR ROWAN UNIVERSITY FOUNDATION (THE FOUNDATION). ACCOUNTING SERVICES PROVIDES ALL THE FINANCIAL INFORMATION TO THE PAID TAX PREPARER BASED ON THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS AS WELL AS THE RECORDS OF ROWAN UNIVERSITY'S ACCOUNTING SYSTEM FOR THE FOUNDATION. ACCOUNTING SERVICES CONTACTS THE FOUNDATION'S OFFICERS AND STAFF TO OBTAIN ANSWERS TO THE NON-FINANCIAL QUESTIONS AND PROVIDES THIS INFORMATION TO THE PAID TAX PREPARER. A DRAFT OF THE FORM 990 IS REVIEWED BY ACCOUNTING SERVICES PERSONNEL AND THE FOUNDATION'S OFFICERS AND/OR STAFF. EACH BOARD OF DIRECTORS MEMBER WILL RECEIVE A COPY OF THE COMPLETED FORM 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. Conflict of Interest Policy Monitoring & Enforcement FORM 990, PART VI, LINE 12C THE BOARD IS ASKED ANNUALLY TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. ALL DOCUMENTS ARE THEN REVIEWED BY THE EXECUTIVE DIRECTOR TO ENSURE THERE ARE NO CONFLICTS AND/OR ADDRESS ANY ISSUES. How Documents are Made Available to the Public FORM 990, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 8 DEFERRED OUTFLOWS ON CHARITABLE GIFT ANNUITIES ASSOCIATED WITH GASB81 ADJUSTMENTS $141,669 Rowan Innovation Venture Fund LLC 201 Mullica Hall Rd Glassboro NJ 08028 471589274 Investments NJ -88901 2654055 Rowan U Fdn Rowan University 201 Mullica Hill Road Glassboro NJ 08028 222764819 University NJ 115 NA false false true true false false false false false false false false true false true false false false false false ROWAN INNOVATION VENTURE FUND LLC B 2643800 Investment