2018-05-01T10:46:22-05:00 2017-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2016-07-01 222482802 Rowan University Foundation % JOSEPH F SCULLY JR ROWA 8562564119 201 Mullica Hill Road Glassboro NJ 08028 RJ TALLARIDA JR Dep. Exec. Director 8562564127 2018-04-27 true Russlee Armstrong P00288383 2155614200 209.220.136.124 23695320181215000000 2018-05-01 P 4DE0FDE94CE02493E0E51C32BE49A0EBE0A311FA 7ADEB484C3F4D15C122FED74DEA9E2A853CDDDC4 2016 2021-01-29 14:40:06Z Ronald J Tallarida Jr 201 Mullica Hill Road Glassboro NJ 08028 35230613 false X www.rufoundation.edu 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. 27 26 0 25 53426 16443301 12950608 0 0 4877985 11534858 -30058 -21437 21291228 24464029 14361710 12303711 0 0 0 0 0 0 43973 886201 585758 15247911 12889469 6043317 11574560 190066563 209624286 4055173 2085674 186011390 207538612 X THE FOUNDATION SHALL OPERATE WITH THE EXPRESS PURPOSE OF RAISING FUNDS AND OBTAINING OBJECTS OF VALUE, THROUGH DONATION, PRIVATE OR PUBLIC GRANTS, GIFTS OR OTHERWISE FOR THE USE OF OR BENEFITING ROWAN UNIVERSITY WITH THE GOAL OF ENRICHING THE EDUCATION AND STUDENT LIFE OF THE STUDENTS OF ROWAN UNIVERSITY AND IMPROVING THE EDUCATIONAL OPPORTUNITIES AND/OR SERVICES PROVIDED TO STUDENTS, FACULTY, ALUMNI AND THE GENERAL PUBLIC. false false 2974590 2974590 SCHOLARSHIPS GIVEN TO STUDENTS. 9329121 9329121 GRANTS TO ROWAN UNIVERSITY. 72843 MISCELLANEOUS FOUNDATION ACTIVITIES. 12376554 true true false false false false false false false true false true false false true false true true false false false false false false true false false true true true false false false false false false false false true false false false true true false false false true 0 0 0 true true false false false false true true false false false false X 27 26 false false false false false false false true true false false true true true true true true false false false AK MN MS NH NJ X JOSEPH F SCULLY JR 8562564127 201 MULLICA HILL ROAD Glassboro NJ 08028 Dr Ali Houshmand Director (Pres of Rowan Uni) 10.0 45.0 X 0 547739 31651 Stephen H Clark Chair 0.3 0.0 X X 0 0 0 Erica Ortiz Vice Chair 0.3 0.0 X X 0 0 0 April Carty-Sipp Secretary 0.3 0.0 X X 0 0 0 Paul Tully director 0.3 0.0 X 0 0 0 Jack Hafner Treasurer 0.3 0.0 X X 0 0 0 Alyce Parker director 0.2 0.0 X 0 0 0 George Awad Director 0.2 0.0 X 0 0 0 Tobias Bruhn Director 0.1 0.0 X 0 0 0 David Burgin Director 0.2 0.0 X 0 0 0 Anthony Calabrese Director 0.3 0.0 X 0 0 0 Tony Galvin Director 0.3 0.0 X 0 0 0 Dr James E George Director 0.2 0.0 X 0 0 0 Robert W Hoey Director 0.3 0.0 X 0 0 0 Scott Kintzing Director 0.2 0.0 X 0 0 0 Stanley LaBruna Director 0.2 0.0 X 0 0 0 Reginald J Mddleton Director 0.2 0.0 X 0 0 0 Harry I Scheyer Director 0.2 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 Rbrey Singleton Director 0.2 0.0 X 0 0 0 Virgina 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 0.2 0.0 X 0 0 0 James Tarangelo Director 0.2 0.0 X 0 0 0 Joe Bottazzi Director 0.3 0.0 X 0 0 0 Jack Tarditi Director 0.2 0.0 X 0 0 0 Ronald J Tallarida Deputy Executive Director 10.0 40.0 X 0 170500 40499 John J Zabinski Deputy Executive Director 10.0 40.0 X 0 336894 40709 0 1055133 112859 0 false true false Donald A Campbell and Company 1 East Wacker Dr Suite 2100 CHICAGO IL 60601 Consulting 172048 1 57998 12892610 1479784 12950608 0 2795245 -114964 2910209 0 0 0 0 0 19462610 10722997 8739613 8739613 168390 8571223 22150 57998 43587 -21437 -21437 0 0 0 0 0 0 0 24464029 53426 11459995 X 9329121 9329121 2974590 2974590 0 0 0 0 0 0 0 0 0 52276 52276 41500 41500 0 0 344115 344115 29577 29577 0 1474 1474 0 0 0 0 0 0 0 0 0 0 DEVELOPMENT 2980 2980 CATERING 52456 52456 FOUNDATION ACTIVITIES 16265 16265 PRESIDENT'S FORUM 35045 35045 10070 4122 5948 12889469 12376554 468942 43973 0 0 8577562 7553299 1298195 1382296 0 0 0 0 0 0 0 0 0 0 3600 0 0 0 119404342 140882885 60396664 58425756 386200 1380050 0 0 0 0 190066563 209624286 353482 391232 0 0 676659 156046 0 0 0 0 0 0 0 0 0 0 3025032 1538396 4055173 2085674 X 42429300 53031631 17128018 21194284 126454072 133312697 186011390 207538612 190066563 209624286 X 11574560 10130622 -177960 X false true X true false X 5733672 8076184 7546518 16443301 12950608 50750283 0 0 5733672 8076184 7546518 16443301 12950608 50750283 15202184 35548099 1947112 2077351 2287796 2798142 2795245 11905646 0 23590 30014 17135 37262 22150 130151 62786080 0.56618 0.56168 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 126454072 6858625 133312697 116772100 9681972 126454072 113143074 3629026 116772100 111016668 2126406 113143074 110285093 731575 111016668 1.00000 false false REALTY INVESTMENTS 7660322 F ALTERNATIVE INVESTMENTS 50765434 F 58425756 0 DEPOSITS HELD-ALUMNI ASSOCIATION 1538396 1538396 34406386 10130622 43587 10174209 24232177 231852 231852 24464029 12879164 221547 221547 12657617 231852 231852 12889469 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 expense (reclass) $43,587 Reconciliation of Expenses - Other Schedule D, Part XII, Line 2d Actuarial Adjustment $177,960 Fundraising expense (reclass) 43,587 ---------- Total 221,547 GOLF TOURNAMENT 43675 29775 13900 16186 100 MLK BREAKFAST 36473 28223 8250 27301 0 80148 57998 22150 16186 27401 43587 -21437 true Rowan University 201 Mullica Hill Road Glassboro NJ 08081 222764819 115 9329121 Program Services 1 Student Scholarships 618 2974590 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 Houshmand Director (Pres of Rowan Uni) 0 540789 0 0 0 6950 0 11280 0 20371 0 579390 0 0 Ronald J Tallarida Deputy Executive Director 0 169938 0 0 0 562 0 11280 0 29219 0 210999 0 0 John J Zabinski Deputy Executive Director 0 334472 0 0 2422 0 11280 0 29429 0 377603 0 0 X 11 1209953 Fair market value X VARIOUS 19 269831 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. 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. Part XI, Line 9 Actuarial Adjustment $(177,960) Rowan Innovation Venture Fund LLC 201 Mullica Hill Rd Glassboro NJ 08028 471589274 Investments NJ -112323 1406477 Rowan U Fdn Rowan University 201 Mullica Hill Road Glassboro NJ 08028 222764819 University NJ 115 NA false Rowan University Alumni Association 201 Mullica Hill Road Glassboro NJ 08028 237132916 Support NJ 501(c)(3) 7 Rowan Univ false false true false false false false false false false false false true false true false false false false false