2018-01-12T15:55:10-06:00 2017-06-30 271728945 PKF O'Connor Davies LLP 300 Tice Boulevard Suite 315 Woodcliff Lake NJ 07677 990 2016-07-01 226017209 Montclair State University Foundation inc MONT 9736554344 one normal ave college hall No 300 montclair NJ 07043 jeff campo exec. dir/avp - finance 9736554344 2018-01-12 1 Joseph N Russell P00168046 2017129800 2018-01-09 47.19.39.42 2018-01-12 15:44:49 ES P 5FBDCBD040DC1AD11941E9056BDD8F8313149616 CA72600D86868BB63E6792AE27374A61CFC4C663 2016 2021-01-29 14:40:06Z jeff campo one normal ave college hall No 300 montclair NJ 07043 94409147 0 X www.montclair.edu/giving X 1960 NJ The purpose is to encourage and support the development of Montclair state university in ways for which state funds may not otherwise be made available. 22 22 0 22 0 0 6826080 8190871 0 0 1897776 3300238 166667 107475 8890523 11598584 6378862 7005258 0 0 0 0 45000 48000 48000 894004 1124943 7317866 8178201 1572657 3420383 75681242 81793782 2590529 2066786 73090713 79726996 X The purpose is to encourage and support the development of Montclair state university in ways for which state funds may not otherwise be made available. 0 0 4659710 4659710 Montclair State University sustains its reputation for excellence in part by providing exceptional curricular and programmatic activities which foster a high quality learning environment. The Foundation provides needed support to Colleges/Schools on the University campus towards this endeavor, augmenting state budgeted funds with additional funding for enhanced course curriculum, the operations of Institutes which further learning and other essential needs. Funding is received from individuals, corporations, private foundations and other sources. The Foundation manages over 600 funds which have been created based on donor restrictions towards these purposes. Funds may be temporarily restricted or permanently restricted (endowed) based on donor intent. Top programs supported included the Center for Entrepreneurship, Alumni Relations, Arts & Theater, Research in the Sciences, and STEM training programs which enhance education in inner cities. 1930254 1918354 The Foundation manages over 200 funds established to award scholarships for the student population of Montclair State University. Scholarship funds are available to students based on need or merit. Additionally, such funds permit the award to students at the admissions level and/or are restricted to a specific College/School, Department, Major or other defined criteria. Funding towards scholarships is generated from individuals, corporations, private foundations, events and other sources. Funds may be temporarily restricted or permanently restricted (endowed) based on donor intent. The Foundation, in serving the needs of Montclair State University, acknowledges that one of the top priorities for fundraising stems from the need to meet the challenges regarding the cost of education for today's students. As a result, scholarship availability has become a top priority. In fiscal 2017 the Foundation awarded over 1,200 scholarship awards to students. The Foundation focuses on both short-term and long-term needs, factoring increasing student enrollment, the economy, state funding to the University, and long range growth plans; among other factors. 215544 215544 The Foundation manages two annual events which are designed to increase donor connectivity, awareness of the needs of the University and the Foundation, and to fulfill the mission of academic excellence. One event provides focused fundraising towards scholarships while the second enables the Foundation to provide resources for much needed support to students as they balance their athletic commitments with educational priorities. 211650 211650 Capital 211650 211650 7017158 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 74 0 0 0 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X X jeff campo 9736554344 one normal avenue college hall room montclair NJ 07043 michael l capone chairperson 1.00 X X 0 0 0 gregory collins vice chair 1.00 X X 0 0 0 David r alter treasurer 1.00 X X 0 0 0 Anthony carlino Secretary 1.00 X X 0 0 0 keith ansbacher trustee 1.00 X 0 0 0 rose c cali - EX OFFICIO trustee 1.00 X 0 0 0 susan cole - EX OFFICIO trustee 1.00 X 0 0 0 david trubatch - EX OFFICIO trustee 1.00 X 0 0 0 michael h forman trustee 1.00 X 0 0 0 angelo j genova trustee 1.00 X 0 0 0 Robert Iacullo trustee 1.00 X 0 0 0 jeffrey l johnson trustee 1.00 X 0 0 0 audrey v leef trustee 1.00 X 0 0 0 robert j lieberman trustee 1.00 X 0 0 0 marcella locastro trustee 1.00 X 0 0 0 Steven Resnick trustee 1.00 X 0 0 0 judith a schumacher tilton trustee 1.00 X 0 0 0 John T Shannon - EX OFFICIO trustee 1.00 X 0 0 0 john e sullivan trustee 1.00 X 0 0 0 nader tavakoli trustee 1.00 X 0 0 0 Julie Jackson TRUSTEE 1.00 X 0 0 0 James Hughes TRUSTEE 1.00 X 0 0 0 jeff campo exec. dir/avp - finance 40.00 X 112325 0 29656 112325 0 29656 1 0 0 1 Wells Fargo one west fourth street 2nd fl winstonsalem NC 27101 investment advisor 112220 goldman sachs 200 west st new york NY 10282 investment advisor 110294 2 780975 7409896 1139270 8190871 1763099 1763099 94000 94000 84132158 82595019 1537139 1537139 1537139 110969 780975 215544 -104575 -104575 teacher program 900099 118050 118050 118050 11598584 0 0 3407713 6780858 6780858 224400 224400 10767 10767 81350 81350 48000 48000 275381 275381 11900 11900 79303 79303 101075 101075 20344 20344 20013 20013 Purchased services 465200 465200 Bad Debt expense 39948 39948 direct operating expens 19662 19662 8178201 7017158 1113043 48000 52872 85481 7460261 2384139 6311390 6679373 112 51 126142 155328 53919673 61996518 6124005 9178877 1686787 1314015 75681242 81793782 2590529 2066786 2590529 2066786 X -770430 2703192 34479880 34133709 39381263 42890095 73090713 79726996 75681242 81793782 X 3420383 3416535 -200635 X X 0 1 X 1 0 X 7630082 6532141 9070703 6826080 8190871 38249877 42480 42480 42480 42480 32440 202360 7672562 6574621 9113183 6868560 8223311 38452237 6833108 31619129 1031070 1655848 1983352 2149213 1857099 8676582 107411 107411 80195 189021 143763 118050 531029 47767259 0.66190 0.64410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40500 1197403 X X X See Schedule O 0 62841531 4123695 7472632 2384784 72053074 60330324 2203724 2576634 2269151 62841531 58572846 455765 3390855 2089142 60330324 56411312 1445989 2006001 1290456 58572846 53207616 5002390 1719869 1460562 2031658 26343 56411312 0.03020 0.59520 0.37460 0 0 0 beneficial interest in trusts 392405 F BENEficial interest in split-interest agreements 118274 F cash surrender value of life insurance 82704 F alternative investments 7271823 F Private Equity Real Estate 1313671 F 9178877 X 16274372 3416535 1519725 14909 4951169 11323203 275381 275381 11598584 9638089 1519725 215544 1735269 7902820 275381 275381 8178201 Part III, Line 4: The Foundation generally accepts gifts of art and similar non-cash gifts that enhance the mission of Montclair State University by providing access to gifts that further the educational experience of its students including scholarly experiences and research. The Foundation has accepted gifts of art that have been designated for educational purposes by the College of the Arts at Montclair State University, providing students with the ability to study the genres, styles, and history of art that enhances curriculum and provides hands on experience in the research, restoration, and management of works of significance. Part V, Line 4: Endowment funds are used for scholarships and other grants in compliance with the donor provisions. Part X, Line 2: The foundation recognizes the effect of income tax positions only when they are more likely than not to be sustained. Management has determined that the foundation had no uncertain tax positions that would require financial statement recognition or disclosure. The foundation is no longer subject to income tax examinations by the applicable taxing jurisdictions for periods prior to the year 2014. Part XI, Line 2d - Other Adjustments: Special event expenses netted against Part VIII, Line 8 215,544. change in value of split-interest, cash surrender, & beneficial interest 30,162. Impairment of art -230,797. Part XII, Line 2d - Other Adjustments: Special event expenses netted against Part VIII, Line 8 215,544. X 1 evergreen PARTNERS INC 51 MT BETHEL ROAD WARREN NJ 07059 EVENT COORDINATION & FUNDRAISING 0 891944 48000 843944 891944 48000 843944 NJ msu annual dinner 767095 685286 81809 28808 89299 61520 Red Hawk Open 124849 95689 29160 29160 6757 0 891944 780975 110969 57968 89299 68277 215544 -104575 Schedule G, Part I, Line 2b, Column (v) Evergreen Partner, Inc. shall provide event coordination assistance and fundraising services to MSU Foundation, in connection with 2016 Red Hawk Golf Outing, and the 2017 Annual Scholarship Dinner. 1 Montclair State University 1 Normal Avenue Montclair NJ 07043 222912682 170(c)(1) 6780858 grants to support university Educational assistance & programs 1 Fellowships paid for the benefit of an individual to aid in the pursuit of s 17 224400 Part I, Line 2: The Foundation relies on Montclair State University for the selection of grantees and for the establishment of criteria for awarding grants. The University tracks the use of grant proceeds and tracks the usage of the grant in accordance with the grant award terms. 0 0 0 0 0 0 0 0 0 jeff campo exec. dir/avp - finance 112325 0 0 0 0 0 5924 0 23732 0 141981 0 0 0 Part VII, Line 5 JEFF CAMPO, EXECUTIVE DIR./AVP OF FINANCE, IS EMPLOYED AND COMPENSATED BY MONTCLAIR STATE UNIVERSITY, AN UNRELATED PARTY. HE DEVOTES 75% OF HIS TIME TO MONTCLAIR STATE UNIVERSITY FOUNDATION AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, HAS 75% OF HIS COMPENSATION ALLOCATED TO THE FOUNDATION ($141,981). X 4 40500 APPRAISAl X 1 1075445 AVG HI/LO DAILY PRICE X other 7 17075 COST/PURCHASE PRICE X supplies/equipments 2 6250 COST/PURCHASE PRICE 1 0 1 0 Form 990, Part VI, Section B, line 11b Montclair State University Foundation, Inc. has its Form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the Form 990 has been prepared, Management reviews form 990 for accuracy and completeness. The Form 990 is then distributed by hard copy to the board members for final review and approval. Once agreed, the forms are signed by appropriate officers and sent to the irs. Form 990, Part VI, Section B, line 12c Montclair State University Foundation, Inc. currently has in place a conflict of interest policy that applies to the board of trustees, as well as the Executive Director. The board of trustees, with the assistance of the foundation counsel, reviews annually the requirement and procedures provided in the conflict of interest and recusal procedures. Each trustee must annually sign a form indicating the date the Code of Ethics was received and acknowledging that he/she is responsible for reading the Code and is bound by it. In accordance with the policy, a trustee must disclose any potential conflict and recuse him/herself from a matter that he/she has a conflict with. If a potential or actual conflict exists, the trustee must consult with the chair, who may request a written opinion from the foundation counsel on whether a conflict of interest exists under this policy. If the existence of the conflict involves the chair, the chair must consult with the vice chair. A trustee with a possible conflict of interest shall not participate in the deliberation or vote of interest. A trustee who declares or has been found to have a conflict of interest shall be absent from any deliberations or vote on the matter determined to be a conflict, and the trustee shall not take any action to influence the outcome of the matter. The results of the investigation will be summarized and documented in the board meeting minutes. Form 990, Part VI, Section C, line 19 The Organization makes its form 990 available for public inspection as required under section 6104 of the Internal Revenue Code. The return is posted on Montclair State University's website and other similar types of websites. In addition, the financial statements, conflict of interest policy, Form 990, Form 1023, and by-laws are also available upon written request at one normal avenue, college hall room 300, montclair, nj 07043 or by calling the organization directly at (973)655-4344. Form 990, Part XI, line 9: change in value of split-interest, cash surrender, & beneficial interest 30,162. reduction in value of artwork held for resale -230,797. form 990, part vi, section b, line 12c The process for selecting an independent accountant and establishing a committee that assumes responsibility for oversight of the audit has not changed from prior years. Form 990, Schedule D, Part III, Line 3e FOR THE FURTHERANCE OF THE MAINTENANCE OF THE GREATER COLLECTION OF ART WORKS PURSUANT TO THE TERMS OF THE GIFT AGREEMENT IN EXISTENCE WITH THE DONOR