2020-05-08T14:58:39-05:00 2019-06-30 221478099 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 07068 990 2018-07-01 237318742 RUTGERS UNIVERSITY FOUNDATION RUTG 8489328020 335 GEORGE STREET NEW BRUNSWICK NJ 08901 CHRISTOPHER P ZRALY CFO 7329322076 2020-05-06 1 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2020-04-30 209.59.242.22 2020-05-06 13:58:07 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-09-23 17:36:50Z CHRISTOPHER P ZRALY 335 GEORGE STREET NEW BRUNSWICK NJ 08901 142860860 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. 54 54 251 87 16036 6524 131206353 97963459 4214177 3995497 189021 341810 24673838 24860571 160283389 127161337 116915898 107660624 0 0 16468132 17305672 2018745 2638460 3886763 10685110 11168970 146087885 138773726 14195504 -11612389 140469727 131162531 17247331 19680538 123222396 111481993 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 123483646 107660624 28617832 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. 123483646 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 1 0 0 1 0 0 0 0 1 90 29 1 251 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 54 54 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 WA X CHRISTOPHER P ZRALY 8489328020 335 GEORGE STREET NEW BRUNSWICK NJ 08901 ALAN M CROSTA JR OVERSEER 1.00 X 0 0 0 AMY TOWERS OVERSEER 1.00 X 0 0 0 ARTHUR CERTOSIMO CHAIR 1.00 X X 0 0 0 ATIYA AFTAB OVERSEER 1.00 X 0 0 0 BENJAMIN S WOLFE OVERSEER 1.00 X 0 0 0 BRIAN D PERKINS OVERSEER 1.00 X 0 0 0 BRUCE BINGHAM OVERSEER 1.00 X 0 0 0 BRUCE P KERZIC OVERSEER 1.00 X 0 0 0 CHARLES CHANG OVERSEER 1.00 X 0 0 0 CHRISTIANA R FOGLIO-PALMER OVERSEER 1.00 X 0 0 0 C EDWARD CHUCK CHAPLIN OVERSEER 1.00 X 0 0 0 DANIEL DIFILIPPO OVERSEER 1.00 X 0 0 0 DANIEL REINHARDT OVERSEER 1.00 X 0 0 0 DORIAN J WILSON OVERSEER 1.00 X 0 0 0 DUNCAN L MACMILLAN SECRETARY 1.00 X X 0 0 0 ELIZABETH J MCNEILLY OVERSEER 1.00 X 0 0 0 GARY M RODKIN VICE CHAIR 1.00 X X 0 0 0 HARRIETT DRUSKIN OVERSEER 1.00 X 0 0 0 J MICHAEL GOWER EX-OFFICIO/TREASURER 1.00 X X 0 0 0 JAMES BERG OVERSEER 1.00 X 0 0 0 JAMES DOUGHERTY OVERSEER 1.00 X 0 0 0 JOHN SIVOLELLA OVERSEER 1.00 X 0 0 0 JOSEPH H LEMPKIN EX-OFFICIO/OVERSEER 1.00 X 0 0 0 JOSEPH MORONEY OVERSEER 1.00 X 0 0 0 KATE SWEENEY OVERSEER 1.00 X 0 0 0 KENNETH D LAWRENCE OVERSEER 1.00 X 0 0 0 KEVIN D MCGRATH OVERSEER 1.00 X 0 0 0 LUCAS J VISCONTI OVERSEER 1.00 X 0 0 0 MARK P HERSHHORN OVERSEER 1.00 X 0 0 0 MARLENE A BRANDT OVERSEER 1.00 X 0 0 0 MARY DIMARTINO EX-OFFICIO/OVERSEER 1.00 X 0 0 0 MARY PAPAMARKOU OVERSEER 1.00 X 0 0 0 MIA CHRISTINE PARK OVERSEER 1.00 X 0 0 0 MICHAEL N GOODKIND OVERSEER 1.00 X 0 0 0 PAUL PROFETA OVERSEER 1.00 X 0 0 0 PETER D CHERASIA OVERSEER 1.00 X 0 0 0 PETER W GIBSON OUTGOING OVERSEER 1.00 X 0 0 0 PHILIP SCALO VICE CHAIR 1.00 X X 0 0 0 REEMA PURI OVERSEER 1.00 X 0 0 0 RICHARD STANZIONE OVERSEER 1.00 X 0 0 0 ROBERT E MORTENSEN OVERSEER 1.00 X 0 0 0 ROBERT FALZON OVERSEER 1.00 X 0 0 0 ROBERT L BARCHI EX-OFFICIO/OVERSEER 1.00 X 0 0 0 RONALD D WILSON OVERSEER 1.00 X 0 0 0 RONALD GARUTTI OVERSEER 1.00 X 0 0 0 SANDY J STEWART EX-OFFICIO/OVERSEER 1.00 X 0 0 0 SCOTT E WHITE OVERSEER 1.00 X 0 0 0 SHARON E KARMAZIN OVERSEER 1.00 X 0 0 0 STEVEN B BOEHM OVERSEER 1.00 X 0 0 0 STEVEN H TEMARES OVERSEER 1.00 X 0 0 0 STEVEN M DARIEN OVERSEER 1.00 X 0 0 0 SUBHA BARRY OVERSEER 1.00 X 0 0 0 TERRY S BIENSTOCK OVERSEER 1.00 X 0 0 0 TIMOTHY L WHITESIDE OVERSEER 1.00 X 0 0 0 VAUGHN L MCKOY OVERSEER 1.00 X 0 0 0 CHRISTOPHER P ZRALY ASSOCIATE TREASURER 37.50 X 209329 0 18997 NEVIN E KESSLER PRESIDENT 37.50 X 0 0 0 SUSAN CATANIA ASSISTANT SECRETARY 37.50 X 73332 0 9333 CHRISTOPHER NEEDLES VICE PRESIDENT 37.50 X 261114 0 38129 JULIE D CUMMINGS VICE PRESIDENT 37.50 X 209370 0 20759 PHILIP T ELLMORE VICE CHANCELLOR 37.50 X 175164 0 45596 WILLIAM J GREEN VICE PRESIDENT 37.50 X 307362 0 79246 DAVID M EDWARDS ASSOC. VICE PRESIDENT 37.50 X 161155 0 66312 DENISE GAVALA ASSOC. VICE PRESIDENT 37.50 X 201571 0 31728 JILL BOND ASSOC. VICE PRESIDENT 37.50 X 173041 0 30742 TAHSIN I ALAM ASSOC. VICE PRESIDENT 37.50 X 161767 0 29982 TIMOTHY FRANCE ASSOC. VICE PRESIDENT 37.50 X 177938 0 39430 2111143 0 410254 46 0 1 0 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 CHAR. SOLIC. & FNDRSNG 1343296 OLOGIE LLC 447 EAST MAIN STREET COLUMBUS OH 43215 BRANDING CONSULTING 527476 2 96957 97866502 11291693 97963459 GIFT ASSESSMENT FEES 900099 3755655 3755655 PROSPECT ENGAGEMENT 900099 239842 239842 3995497 302165 -1543 303708 15545090 15505445 39645 39645 39645 42565 96957 18217 24348 24348 372170 175861 196309 196309 ADMIN FEES & SUPPORT 900099 24621481 24621481 OTHER INCOME 900099 18433 854 17579 24639914 127161337 28617832 16036 564010 107660624 107660624 1493674 1493674 11307850 8484651 2823199 1006618 780839 225779 2322339 1370628 951711 1175191 863889 311302 3679124 1646989 2032135 9125 9125 128938 128938 2638460 2638460 59073 59073 928322 616557 311765 192402 146455 45947 924480 434893 489587 1170414 155744 1014670 448877 1011 447866 537386 480564 56822 422407 201155 221252 67923 67923 DONOR & ALUMNI EVENTS 1463601 215298 1248303 PRINTING & PUBLICATIONS 621232 610021 11211 REPAIRS AND MAINTENANCE 293324 293324 EQUIPMENT PURCHASES 187475 15123 172352 34867 14503 20364 138773726 123483646 11403317 3886763 18428516 16344921 90345275 81163158 5585304 7042692 786106 788209 23760076 25032805 682513 27922 881937 762824 140469727 131162531 4327701 6638478 392986 800853 12526644 12241207 17247331 19680538 X 6524850 1661183 110258984 102317142 6438562 7503668 123222396 111481993 140469727 131162531 -11612389 -128014 0 X X 0 1 X 1 0 X 113846286 109791010 127572245 131206353 97963459 580379353 113846286 109791010 127572245 131206353 97963459 580379353 580379353 646228 466275 398011 136447 303708 1950669 16442 6203 16036 38681 14952196 15077270 24835503 24858353 25037070 104760392 687129095 24547582 0.84460 0.85420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMIN FEE AND SUPPORT RUTGERS - 2014 AMOUNT: $ 14,560,472. 2015 AMOUNT: $ 14,575,886. 2016 AMOUNT: $ 24,386,916. 2017 AMOUNT: $ 24,458,586. 2018 AMOUNT: $ 24,621,481. OTHER INCOME - 2014 AMOUNT: $ 6,575. 2015 AMOUNT: $ 71. 2016 AMOUNT: $ 3,253. 2017 AMOUNT: $ 1,097. 2018 AMOUNT: $ 854. FUNDRAISING GAMING - 2014 AMOUNT: $ 385,149. 2015 AMOUNT: $ 501,313. 2016 AMOUNT: $ 445,334. 2017 AMOUNT: $ 398,670. 2018 AMOUNT: $ 414,735. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2311554 93001 90548 135374 243 2359486 2318438 6793 13400 277 2311554 2303535 31624 16463 258 2318438 9191120 18481 17400 6888400 266 2303535 12660475 48304 17400 3500000 259 9191120 0.93060 0.06940 0 0 0 ANNUITIES PAYABLE 7952429 OTHER LIABILITIES 544044 DEFERRED INFLOWS OF RESOURCES 3744734 12241207 129892538 -128013 2715128 2587115 127305423 49992 -194078 -144086 127161337 141632941 2715128 194079 2909207 138723734 49992 49992 138773726 PART XI, LINE 4B - OTHER ADJUSTMENTS: EVENT AND GAMING EXPENSES RECORDED AS EXPENSES ON FINANCIAL STATEMENTS -194,078. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT AND GAMING EXPENSES RECORDED AS EXPENSES ON FINANCIAL STATEMENTS 194,078. OTHER 1. EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING AND ENGAGEMENT EVENTS DONOR VISITS & HOSTING OF ALUMNI EVENTS 213812 0 0 0 0 0 0 213812 0 213812 0 0 0 0 0 0 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 2019, $213,812 WAS EXPENDED FOR THESE PURPOSES. X X X X X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 MAIL FUNDRAISING CONSULTING 0 602184 1286150 -683966 THE DONLON AGENCY LLC 1100 N CASS STREET UNITE 401N MILWAUKEE WI 53202 MAIL FUNDRAISING/CONSULTING 0 543719 271835 271884 CCL BRANDING 300 S LIBERTY STREET SUITE 100 WINSTONSALEM NC 27101 FUNDRAISING CONSULTING 0 0 15520 -15520 OLOGIE LLC 447 EAST MAIN STREET COLUMBUS OH 43215 FUNDRAISING CONSULTING 0 0 588732 -588732 BLACKBAUD INC 2000 DANIEL ISLAND DR CHARLESTON SC 29462 FUNDRAISING CONSULTING 0 0 176273 -176273 BENTZ WHALEY FLESSNER & ASSOCIATES 7251 OHMS LANE MINNEAPOLIS MN 55439 FUNDRAISING CAPACITY CONSULTING 0 0 186067 -186067 PLUS DELTA PARTNERS 6965 EL CAMINO REAL STE 105-488 CARLSBAD CA 92009 FUNDRAISING TRAINING 0 0 177250 -177250 GRENZEBACH GLIER AND ASSOCIATES 401 N MICHIGAN AVE SUITE 2800 CHICAGO IL 60611 FUNDRAISING CONSULTING 0 0 5000 -5000 1145903 2706827 -1560924 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 26155 17337 8818 BASEBALL GOLF OUTING 24203 4700 19503 5000 3257 610 6 89164 74920 14244 9350 139522 96957 42565 5000 3257 9960 18217 24348 372170 173475 2386 1 0.75000 372170 173475 2386 175861 196309 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 SCHEDULE G, PART I: THE FOUNDATION WAS REIMBURSED BY RUTGERS UNIVERSITY FOR A PORTION OF THE COSTS OF THE DONLON AGENCY LLC, THEREFORE THE AMOUNT SHOWN ON FORM 990 PART IX LINE 11E DOEST NOT MATCH THE TOTAL AMOUNT PAID ON SCHEDULE G, PART I. 1 RUTGERS UNIVERSITY 33 KNIGHTSBRIDGE RD PISCATAWAY NJ 08854 226001086 170(B)(1)(A)(II) 107660624 EDUCATION-RELATED/ ATHLETICS 1 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 0 0 0 0 0 0 0 0 0 CHRISTOPHER P ZRALY ASSOCIATE TREASURER 208087 0 0 0 1242 0 16695 0 2302 0 228326 0 0 0 CHRISTOPHER NEEDLES VICE PRESIDENT 258792 0 0 0 2322 0 21064 0 17065 0 299243 0 0 0 JULIE D CUMMINGS VICE PRESIDENT 205806 0 0 0 3564 0 16693 0 4066 0 230129 0 0 0 PHILIP T ELLMORE VICE CHANCELLOR 166193 0 0 0 8971 0 12401 0 33195 0 220760 0 0 0 WILLIAM J GREEN VICE PRESIDENT 306552 0 0 0 810 0 25767 0 53479 0 386608 0 0 0 DAVID M EDWARDS ASSOC. VICE PRESIDENT 160615 0 0 0 540 0 11982 0 54330 0 227467 0 0 0 DENISE GAVALA ASSOC. VICE PRESIDENT 200329 0 0 0 1242 0 16346 0 15382 0 233299 0 0 0 JILL BOND ASSOC. VICE PRESIDENT 171799 0 0 0 1242 0 14160 0 16582 0 203783 0 0 0 TAHSIN I ALAM ASSOC. VICE PRESIDENT 161281 0 0 0 486 0 13325 0 16657 0 191749 0 0 0 TIMOTHY FRANCE ASSOC. VICE PRESIDENT 176696 0 0 0 1242 0 14685 0 24745 0 217368 0 0 0 PART I, LINE 1A THIRTEEN 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 11818 FMV X 363 11279875 FMV 1 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 251 INDIVIDUALS DURING CALENDAR YEAR 2018. THE FOUNDATION EMPLOYS APPROXIMATELY 218 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 OVERSEERS 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 OVERSEERS 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. 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 XII, LINE 2C: THE RUTGERS UNIVERSITY FOUNDATION HAS AN AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF OVERSEERS. 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 79790 31404 RUTGERS UNIVERSITY FOUNDATION