2016-12-22T12:30:52-05:00 2016-06-30 200413744 R A Eberle & Company LLC 2400 Morris Ave Suite 204 Union NJ 070835706 990 2015-07-01 222849480 KEAN UNIVERSITY FOUNDATION INC KEAN 1000 MORRIS AVENUE UNION NJ 070830411 AUDREY M KELLY ACTING PRESIDEN 9087373340 2016-11-10 true Richard Eberle P00131086 9086877820 2016-12-22 2015 2017-02-10 21:41:12Z AUDREY M KELLY 34859255 false X WWW.KEANFOUNDATION.ORG X 1984 NJ THE ORGANIZATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY. 30 21 0 -103320 0 3640754 4601146 439421 472053 2476118 839807 -823956 -568474 5732337 5344532 1312418 1279159 0 0 0 573923 3056322 3357561 4368740 4636720 1363597 707812 56124210 55502115 21506350 20176443 34617860 35325672 THE ORGANIZATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY. false false 1279159 1279159 SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS 803469 PROGRAMS AND GRANTS TO KEAN UNIVERSITY 2082628 true true false false false false false false false true true true false true true true true false false false false false 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81239 45285 184559 19281 -103320 -84039 -103320 19281 28429799 29055179 -625380 -625380 -625380 229700 129678 229700 UNREAL LOSS ON SECURIT 900099 -404801 -404801 INCR IN CSV OF LIFE INS 900099 4925 4925 CHANGE-SPLIT INT AGREEM 900099 -84559 -84559 -484435 5344532 392419 -103320 454287 X 1279159 1279159 161204 161204 5450 5350 100 79032 61532 17500 23252 12096 11156 23075 5999 17076 898565 898565 63380 63380 10340 10340 26461 26461 KEAN UNIVERSITY PROGRAM 740089 740089 GALA EXPENSES 188828 188828 REIMBURSED EXPENSES 339949 339949 MISCELLANEOUS 131623 131623 666313 327050 339263 4636720 2082628 1980169 573923 X 4296745 3627592 1880361 3340402 817676 349060 508696 474444 3277364 1297083 2219274 1980281 23375086 19751918 3174859 6723807 19851513 19254611 56124210 55502115 1409887 995648 17526324 17133983 2570139 2046812 21506350 20176443 X 5753773 6484153 15172405 14822782 13691682 14018737 34617860 35325672 56124210 55502115 707812 0 X false true X true false X 2929128 2552381 3214805 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PURCHASING POWER OF ENDOWMENT ASSETS. Other revenues not included on Form 990 (Part XI, line 2d) SEE PDF SCHEDULE ATTACHED Other expenses not included on Form 990 (Part XII, line 2d) SEE PDF SCHEDULE ATTACHED Footnote for uncertain tax position under FIN 48 (Part X) THE FOUNDATION (FDN) ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE IN FASB ASC TOPIC 740, INCOME TAXES. THE FDN FOLLOWS THE STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FDNS TAX-EXEMPT STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE FDNS FINANCIAL STATEMENTS. THE FDN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FDN BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMS PRIOR TO JUNE 30, 2013. GOLF OUTING 60977 20105 40872 1000 39872 ANNUAL GALA 298401 109573 188828 4000 184828 359378 129678 229700 5000 224700 229700 true SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS 392 1279159 A BERGEN CNTY IMPROVEMENT AUTH 222295826 083778JD3 2010-12-09 18161291 CONSTRUCT ACADEMIC BUILDING false false false A 18161291 1293559 362986 14644996 1859710 false false false true A false false false false false false false A false true false false false false DANIEL J CHARLESTON FORMER BOARD MEMBER INVESTMENT ACTIVITIES false Officer directors etc family relationship Part VI line 2 BOARD MEMBERS DR. DOROTHY G. HENNINGS AND DR. GEORGE HENNINGS ARE HUSBAND AND WIFE. Form 990 governing body review Part VI line 11 FORM 990 IS PREPARED BY AN ACCOUNTING PROFESSIONAL. ELECTRONIC COPIES ARE DISTRIBUTED TO BOARD MEMBERS FOR REVIEW AND APPROVAL. THE FINAL VERSION IS REVIEWED AND SIGNED BY THE PRESIDENT OF THE FOUNDATION, THEN FILED. Conflict of interest policy compliance Part VI line 12c OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT A SIGNED STATEMENT ANNUALLY. Governing documents etc available to public Part VI line 19 COPIES OF ALL DOCUMENTS ARE AVAILABLE FROM THE FOUNDATION UPON REQUEST. List of other expenses Part IX line 24e SEE PDF SCHEDULES ATTACHED FOR AMOUNTS IN COLUMNS (C) & (D) General explanation attachment FORM 990 PART XII LINE 2CNO CHANGE IN THE SELECTION PROCESS KEAN UNIVERSITY 1000 MORRIS AVENUE UNION NJ 07083 222960726 UNIVERSITY-PROVIDE POST SECONDARY EDUCATION TO STUDENTS NJ 501C3 N/A false false true false false false false false false false false false false false false false false false false false KEAN UNIVERSITY B 740089 CASH DISBURSEMENTS