KEAN UNIVERSITY FOUNDATION INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: KEAN UNIVERSITY FOUNDATION INC (EIN 22-2849480)
Tax period: 2017-07-01 to 2018-06-30
Filed: 2019-05-02
IRS object ID: 201911229349300801
Schema version: 2017v2.3
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule G
Schedule I
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-05-02T08:18:39-05:00	ReturnTs
Tax Period End	2018-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	222951202	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MSPC CPAS & ADVISORS PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	340 NORTH AVENUE EAST	AddressLine1Txt
City	CRANFORD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	070162496	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	222849480	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KEAN UNIVERSITY FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	KEAN	BusinessNameControlTxt
Phone	9083168920	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	250 SURREY ROAD UNIT 17	AddressLine1Txt
City	HILLSIDE	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07205	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	AUDREY M KELLY	PersonNm
Person Title	ACTING PRESIDENT	PersonTitleTxt
Phone	9083168920	PhoneNum
Signature	2019-05-02	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ROBERT J JANNELLI	PreparerPersonNm
PTIN	P00450209	PTIN
Phone	9082727000	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	107.0.40.162	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-05-02	IPDt
IP Tm	08:18:25	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	FF63A8BEF45084E4111860BF3B06E27E98C16888	AtSubmissionCreationDeviceId
At Submission Filing Device Id	BB12664BE1E3D4BC08488640412F20C0F7A39D48	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Principal Officer	AUDREY M KELLY	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	250 SURREY ROAD UNIT 17	AddressLine1Txt
City	HILLSIDE	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07205	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$17,656,472	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.KEANFOUNDATION.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1984	FormationYr
Legal Domicile State	NJ	LegalDomicileStateCd
Activity Or Mission	THE FOUNDATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY	ActivityOrMissionDesc
Voting Members Governing Body	21	VotingMembersGoverningBodyCnt
Voting Members Independent	16	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	-$217,318	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$627,246	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$4,104,728	PYContributionsGrantsAmt
CY Contributions Grants	$3,717,105	CYContributionsGrantsAmt
PY Program Service Revenue	$481,721	PYProgramServiceRevenueAmt
CY Program Service Revenue	$524,131	CYProgramServiceRevenueAmt
PY Investment Income	$1,762,639	PYInvestmentIncomeAmt
CY Investment Income	$2,544,368	CYInvestmentIncomeAmt
PY Other Revenue	$2,543,403	PYOtherRevenueAmt
CY Other Revenue	-$299,273	CYOtherRevenueAmt
PY Total Revenue	$8,892,491	PYTotalRevenueAmt
CY Total Revenue	$6,486,331	CYTotalRevenueAmt
PY Grants And Similar Paid	$1,318,681	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$1,329,596	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$294,394	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,776,421	PYOtherExpensesAmt
CY Other Expenses	$5,006,521	CYOtherExpensesAmt
PY Total Expenses	$4,095,102	PYTotalExpensesAmt
CY Total Expenses	$6,336,117	CYTotalExpensesAmt
PY Revenues Less Expenses	$4,797,389	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$150,214	CYRevenuesLessExpensesAmt
Total Assets BOY	$59,248,393	TotalAssetsBOYAmt
Total Assets EOY	$41,890,481	TotalAssetsEOYAmt
Total Liabilities BOY	$19,125,332	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,851,242	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$40,123,061	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$40,039,239	NetAssetsOrFundBalancesEOYAmt
Mission	THE ORGANIZATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,329,596	ExpenseAmt
Grant	$1,329,596	GrantAmt
Desc	SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$699,307	ExpenseAmt
Desc	PROGRAMS AND GRANTS TO KEAN UNIVERSITY	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$2,028,903	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	Yes (1)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	Yes (1)	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	Yes (1)	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	50	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (1)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (1)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	21	GoverningBodyVotingMembersCnt
Independent Voting Member	16	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CLARINDA JOSEPH-CUMBERBATCH	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9083168920	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	250 SURREY ROAD UNIT 17	AddressLine1Txt
City	HILLSIDE	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07205	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
AUDREY M KELLY
ACTING PRESIDENT	40.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
STEVE FASTOOK
CHAIRMAN	0.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
MARIA E BORDAS
VICE CHAIR	0.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
ANTHONY GIORDANO III
TREASURER	0.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
LINDA TUMA
SECRETARY	0.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
DR DAWOOD Y FARAHI
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
DIANE MIRON
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
PATRICIA M BARKSDALE
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
JAMES MULLANEY
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
EDWARD A ESPOSITO
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
JAMES K ESTABROOK ESQ
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
JAMES G HYNES
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
ADA MORRELL
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
MARJORIE A PERRY
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
BARBARA SOBEL
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
SCOTT N SCHOBER
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
DONALD BRADY
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
KATHLEEN WILKINSON
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
JOHN TURNER
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
WILLIAM LOEHNING
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0
GERALD TARANTOLO
DIRECTOR	0.00	0.00	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Fundraising	$103,103	FundraisingAmt
All Other Contributions	$3,614,002	AllOtherContributionsAmt
Noncash Contributions	$12,262	NoncashContributionsAmt
Total Contributions	$3,717,105	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Business	611310	BusinessCd
Total Revenue Column	$524,131	TotalRevenueColumnAmt
Related Or Exempt Func Income	$524,131	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$524,131	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$994,386	TotalRevenueColumnAmt
Exclusion	$994,386	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$12,581,256	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$10,974,533	SecuritiesAmt
Other	$56,741	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$1,606,723	SecuritiesAmt
Other	-$56,741	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,549,982	TotalRevenueColumnAmt
Exclusion	$1,549,982	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$138,867	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$283,603	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$138,867	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
CHANGE IN SPLIT INT AGMTS	611310	-$81,955	-$81,955
RESTAURANT - NET	722511	-$217,318		-$217,318

Field	Value	IRS element (for citing)
Other Revenue Total	-$299,273	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,486,331	TotalRevenueColumnAmt
Related Or Exempt Func Income	$442,176	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$217,318	UnrelatedBusinessRevenueAmt
Exclusion	$2,544,368	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$1,329,596	TotalAmt
Program Services	$1,329,596	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$10,191	TotalAmt
Management And General	$10,191	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$57,281	TotalAmt
Management And General	$57,281	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$94,577	TotalAmt
Management And General	$94,577	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$12,799	TotalAmt
Management And General	$8,257	ManagementAndGeneralAmt
Fundraising	$4,542	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$10,187	TotalAmt
Management And General	$10,187	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$19,652	TotalAmt
Management And General	$10,211	ManagementAndGeneralAmt
Fundraising	$9,441	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$75,319	TotalAmt
Management And General	$57,819	ManagementAndGeneralAmt
Fundraising	$17,500	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$10,196	TotalAmt
Management And General	$4,726	ManagementAndGeneralAmt
Fundraising	$5,470	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$1,990	TotalAmt
Fundraising	$1,990	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$450,083	TotalAmt
Management And General	$450,083	ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$48,882	TotalAmt
Program Services	$48,882	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$7,803	TotalAmt
Management And General	$7,803	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$21,866	TotalAmt
Management And General	$21,866	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt	Program ServicesProgramServicesAmt	FundraisingFundraisingAmt
LOSS ON BOND DEFEASANCE	$2,626,587	$2,626,587
KEAN UNIVERSITY PROGRAM	$650,425		$650,425
REIMBURSED EXPENSES	$402,688	$402,688
GALA EXPENSES	$104,325			$104,325

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$401,670	TotalAmt
Management And General	$250,544	ManagementAndGeneralAmt
Fundraising	$151,126	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,336,117	TotalAmt
Program Services	$2,028,903	ProgramServicesAmt
Management And General	$4,012,820	ManagementAndGeneralAmt
Fundraising	$294,394	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$5,902,616	BOYAmt
EOY	$2,062,179	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,406,944	BOYAmt
EOY	$1,283,704	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$355,892	BOYAmt
EOY	$56,227	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$450,727	BOYAmt
EOY	$95,679	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$3,059,239	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,492,985	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,768,617	BOYAmt
EOY	$1,566,254	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$22,721,434	BOYAmt
EOY	$27,643,407	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$7,833,441	BOYAmt
EOY	$7,942,779	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$18,808,722	BOYAmt
EOY	$1,240,252	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$59,248,393	BOYAmt
EOY	$41,890,481	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$467,310	BOYAmt
EOY	$155,712	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$16,730,597	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,927,425	BOYAmt
EOY	$1,695,530	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$19,125,332	BOYAmt
EOY	$1,851,242	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$7,215,787	BOYAmt
EOY	$5,213,620	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$16,534,520	BOYAmt
EOY	$17,475,530	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$16,372,754	BOYAmt
EOY	$17,350,089	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$40,123,061	BOYAmt
EOY	$40,039,239	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$59,248,393	BOYAmt
EOY	$41,890,481	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$150,214	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$234,036	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,214,805	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,640,754	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,601,146	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,104,728	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,717,105	CurrentTaxYearAmt
Total	$19,278,538	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,214,805	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,640,754	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,601,146	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,104,728	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,717,105	CurrentTaxYearAmt
Total	$19,278,538	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$3,754,826	SubstantialContributorsTotAmt
Public Support Total170	$15,523,712	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,220,736	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,459,910	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,465,187	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,370,377	CurrentTaxYearMinus1YearAmt
Current Tax Year	$994,386	CurrentTaxYearAmt
Total	$6,510,596	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$25,789,134	TotalSupportAmt
Public Support CY170	0.60190	PublicSupportCY170Pct
Public Support PY170	0.61890	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$16,372,754	BeginningYearBalanceAmt
Contributions	$1,012,335	ContributionsAmt
Administrative Expenses	$35,000	AdministrativeExpensesAmt
End Year Balance	$17,350,089	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$14,018,737	BeginningYearBalanceAmt
Contributions	$2,354,017	ContributionsAmt
End Year Balance	$16,372,754	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$13,691,682	BeginningYearBalanceAmt
Contributions	$327,055	ContributionsAmt
End Year Balance	$14,018,737	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$15,539,498	BeginningYearBalanceAmt
Contributions	$152,184	ContributionsAmt
End Year Balance	$15,691,682	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$13,399,231	BeginningYearBalanceAmt
Contributions	$140,267	ContributionsAmt
End Year Balance	$13,539,498	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,886,232	OtherCostOrOtherBasisAmt
Depreciation	$421,653	DepreciationAmt
Book Value	$1,464,579	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,173,007	OtherCostOrOtherBasisAmt
Depreciation	$1,071,332	DepreciationAmt
Book Value	$101,675	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,566,254	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
HEDGE FUNDS	$4,782,562	F
PRIVATE INVESTMENTS	$1,251,159	F
REAL ESTATE INVESTMENT FUNDS	$1,909,058	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$7,942,779	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
CHARITABLE GIFT ANNUITIES PAYABLE	$702,837
PERTH-AMBOY SCHOLARSHIP FUND - AGENCY ACCOUNT	$992,693

Field	Value	IRS element (for citing)
Total Liability	$1,695,530	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$4,908,562	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$234,036	NetUnrealizedGainsInvstAmt
Other Revenue	-$2,626,587	OtherRevenueAmt
Revenue Not Reported	-$2,860,623	RevenueNotReportedAmt
Revenue Subtotal	$7,769,185	RevenueSubtotalAmt
Other Revenues Not Included	-$1,282,854	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$1,282,854	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$6,486,331	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$4,992,384	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$1,282,854	OtherExpensesIncludedAmt
Expenses Not Reported	$1,282,854	ExpensesNotReportedAmt
Expenses Subtotal	$3,709,530	ExpensesSubtotalAmt
Other Expenses Not Included	$2,626,587	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$2,626,587	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$6,336,117	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS THAT MIGHT BE RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2018 AND 2017. THE FOUNDATION FILES ITS FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR FISCAL YEARS BEFORE 2015, GENERALLY FOR 3 YEARS AFTER THEY ARE FILED.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	LOSS ON BOND DEFEASANCE
PART XI, LINE 4B - OTHER ADJUSTMENTS:	RESTAURANT EXPENSES RESTAURANT DEPRECIATION
PART XII, LINE 2D - OTHER ADJUSTMENTS:	RESTAURANT EXPENSES RESTAURANT DEPRECIATION
PART XII, LINE 4B - OTHER ADJUSTMENTS:	LOSS ON BOND DEFEASANCE

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	ANNUAL GALA	Event1Nm
Gross Receipts Event1	$350,170	GrossReceiptsEvent1Amt
Charitable Contri Event1	$245,845	CharitableContriEvent1Amt
Gross Revenue Event1	$104,325	GrossRevenueEvent1Amt
Rent Facility Costs Event1	$4,000	RentFacilityCostsEvent1Amt
Food And Beverage Event1	$100,325	FoodAndBeverageEvent1Amt
Event2	GOLF OUTING	Event2Nm
Gross Receipts Event2	$72,300	GrossReceiptsEvent2Amt
Charitable Contri Event2	$37,758	CharitableContriEvent2Amt
Gross Revenue Event2	$34,542	GrossRevenueEvent2Amt
Rent Facility Costs Event2	$1,000	RentFacilityCostsEvent2Amt
Food And Beverage Event2	$33,542	FoodAndBeverageEvent2Amt
Gross Receipts Total	$422,470	GrossReceiptsTotalAmt
Charitable Contributions Tot	$283,603	CharitableContributionsTotAmt
Gross Revenue Total Events	$138,867	GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events	$5,000	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$133,867	FoodAndBeverageTotalEventsAmt
Direct Expense Summary Events	$138,867	DirectExpenseSummaryEventsAmt
Net Income Summary	$0	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS	GrantTypeTxt
Recipient	352	RecipientCnt
Cash Grant	$1,329,596	CashGrantAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	A COPY OF A DRAFT FORM 990 IS REVIEWED BY THE FOUNDATIONS OFFICERS AND DIRECTORS PRIOR TO BEING FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT A SIGNED STATEMENT ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19	THE FOUNDATION PROVIDES THIS DOCUMENTATION TO THE PUBLIC UPON WRITTEN REQUEST.
FORM 990, PART XII, LINE 2C:	THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	KEAN UNIVERSITY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 MORRIS AVENUE	AddressLine1Txt
City	UNION	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07083	ZIPCd

Field	Value	IRS element (for citing)
EIN	222960726	EIN
Primary Activities	UNIVERISTY THAT PROVIDES POST SECONDARY EDUCATION TO STUDENTS	PrimaryActivitiesTxt
Legal Domicile State	NJ	LegalDomicileStateCd
Exempt Code Section	501(C)(3)	ExemptCodeSectionTxt
Direct Controlling NA	N/A	DirectControllingNACd
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	KEAN UNIVERSITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Transaction Type	B	TransactionTypeTxt
Involved	$650,425	InvolvedAmt
Method Of Amount Determination	CASH DISBURSEMENTS	MethodOfAmountDeterminationTxt