2016-05-11T13:56:46-05:00 2015-06-30 221478099 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 07068 990 2014-07-01 237318742 RUTGERS UNIVERSITY FOUNDATION RUTG 8489328020 7 COLLEGE AVENUE WINANTS HALL NEW BRUNSWICK NJ 08901 CHRISTOPHER P ZRALY CFO 7329322076 2016-05-10 1 THOMAS LANNING P00851654 9732283500 2014 2016-08-17 19:52:53Z CHRISTOPHER P ZRALY 120 ALBANY STREET SUITE 201 NEW BRUNSWICK NJ 08901 140366229 0 X WWW.SUPPORT.RUTGERS.EDU X 1973 NJ TO SUPPORT RUTGERS, THE STATE UNIVERSITY OF NEW JERSEY, AND HELP IT (CONTINUED ON SCHEDULE O) ATTAIN EXCELLENCE IN EDUCATION, RESEARCH AND PUBLIC SERVICE BY BUILDING RELATIONSHIPS WITH SUPPORTERS TO RAISE MONEY FOR RUTGERS. 74 74 378 99 0 0 106300383 113846286 4447803 5506440 1568484 727650 14218409 14717709 126535079 134798085 99020370 104146542 0 0 15447498 12832707 8713 1357010 2699567 11023308 11447899 125499889 129784158 1035190 5013927 121844500 128181069 9289471 12056689 112555029 116124380 X THE SOLE MISSION OF THE RUTGERS UNIVERSITY FOUNDATION, SINCE ITS FOUNDING IN 1973, IS TO SUPPORT RUTGERS, THE STATE UNIVERSITY OF NEW JERSEY, 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 118501103 104146542 20073487 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. 118501103 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 0 0 0 0 0 1 89 11 1 378 1 0 0 0 0 0 1 1 0 0 0 0 X 74 74 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AR CA HI KY MD MA MI MN NJ NY UT X CHRISTOPHER P ZRALY 8489327372 120 ALBANY STREET SUITE 201 NEW BRUNSWICK NJ 08901 ALAN M CROSTA JR OVERSEER 1.00 X 0 0 0 ALAN MICHELS OVERSEER 1.00 X 0 0 0 ALBERT R GAMPER JR OVERSEER 1.00 X 0 0 0 ARTHUR CERTOSIMO VICE CHAIR 1.00 X X 0 0 0 ATIYA AFTAB OVERSEER 1.00 X 0 0 0 BARBARA M BAUER OVERSEER 1.00 X 0 0 0 BENJAMIN S WOLFE OVERSEER 1.00 X 0 0 0 BRIAN D PERKINS CHAIR 1.00 X X 0 0 0 CHARLES CHANG OVERSEER 1.00 X 0 0 0 CHUCK CHAPLIN OVERSEER 1.00 X 0 0 0 DANIEL PHELAN OVERSEER 1.00 X 0 0 0 DANIEL REINHARDT OVERSEER 1.00 X 0 0 0 DAVID HARRIS OVERSEER 1.00 X 0 0 0 DENNIS FENTON 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 GARY M RODKIN OVERSEER 1.00 X 0 0 0 GERALD H LIPKIN OVERSEER 1.00 X 0 0 0 GREG BROWN OVERSEER 1.00 X 0 0 0 HARRIETT DRUSKIN OVERSEER 1.00 X 0 0 0 HARVEY M SCHWARTZ OVERSEER 1.00 X 0 0 0 HERBERT C KLEIN OVERSEER 1.00 X 0 0 0 J MICHAEL GOWER EX-OFFICIO MEMBER/TREASURER 1.00 X X 0 0 0 JAMES DOUGHERTY OVERSEER 1.00 X 0 0 0 JAMES G CULLEN OVERSEER 1.00 X 0 0 0 JOEL E MILLER OVERSEER 1.00 X 0 0 0 JOHN J VANDER ZEE OVERSEER 1.00 X 0 0 0 JOSEPH MORONEY OVERSEER 1.00 X 0 0 0 JOYCE ALBERS-SCHONBERG OVERSEER 1.00 X 0 0 0 KAREN R WALSH OVERSEER 1.00 X 0 0 0 KEITH BANKS OVERSEER 1.00 X 0 0 0 KENNETH D LAWRENCE OVERSEER 1.00 X 0 0 0 KENNETH M SCHMIDT OVERSEER 1.00 X 0 0 0 KEVIN D MCGRATH OVERSEER 1.00 X 0 0 0 LEO B SCHOFFER OVERSEER 1.00 X 0 0 0 LESLIE E GOODMAN OVERSEER 1.00 X 0 0 0 LOUISE PERRIN OVERSEER 1.00 X 0 0 0 LUCAS J VISCONTI OVERSEER 1.00 X 0 0 0 MARK A ANGELSON OVERSEER 1.00 X 0 0 0 MARK P HERSHHORN OVERSEER 1.00 X 0 0 0 MARLENE A TEPPER OVERSEER 1.00 X 0 0 0 MAURICE GRIFFIN EX-OFFICIO MEMBER 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 VICE CHAIR 1.00 X X 0 0 0 PETER W GIBSON OVERSEER 1.00 X 0 0 0 PHILIP S SCHEIN OVERSEER 1.00 X 0 0 0 PHILIP SCALO OVERSEER 1.00 X 0 0 0 RICHARD A ALAIMO OVERSEER 1.00 X 0 0 0 RICHARD GOLDMAN OVERSEER 1.00 X 0 0 0 RICHARD H SHINDELL OVERSEER 1.00 X 0 0 0 ROBERT CAMPBELL OVERSEER 1.00 X 0 0 0 ROBERT E MORTENSEN OVERSEER 1.00 X 0 0 0 ROBERT L BARCHI EX-OFFICIO MEMBER 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 OVERSEER 1.00 X 0 0 0 SCOTT E WHITE OVERSEER 1.00 X 0 0 0 SCOTT FRANZBLAU 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 D PLOFKER 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 SUSAN REALE OVERSEER 1.00 X 0 0 0 TARA C YOUNG OVERSEER 1.00 X 0 0 0 TERRY S BIENSTOCK OVERSEER 1.00 X 0 0 0 THOMAS A RENYI OVERSEER 1.00 X 0 0 0 THOMAS MCKAY III OVERSEER 1.00 X 0 0 0 TIMOTHY L WHITESIDE OVERSEER 1.00 X 0 0 0 VAUGHN L MCKOY CHAIR 1.00 X 0 0 0 WALTER L LEIB OVERSEER 1.00 X 0 0 0 WILLIAM V GIACONIA OVERSEER 1.00 X 0 0 0 ARLENE ROSOL ASSISTANT SECRETARY 37.50 X 68189 0 26379 CHRISTOPHER P ZRALY ASSISTANT TREASURER/CFO 37.50 X 176856 0 16084 NEVIN E KESSLER EX-OFFICIO/PRESIDENT 37.50 X 0 0 0 JOYCE HENDRICKS VICE PRESIDENT 37.50 X 188569 0 40579 JULIE D CUMMINGS VICE PRESIDENT 37.50 X 183936 0 18565 DENISE GAVALA VICE PRESIDENT 37.50 X 176644 0 23064 ELIZABETH KETTERLINUS VICE PRESIDENT THRU 10/17/14 37.50 X 176656 0 32388 ROBERT CONSTANT ASSOC. VICE-PRESIDENT 37.50 X 164925 0 27698 STEVEN DEKOVICS CONTROLLER 37.50 X 125741 0 39389 TRACY ELLIOTT ASSOC. VICE-PRESIDENT 37.50 X 131377 0 42825 1392893 0 266971 23 0 1 0 RUFFALO NOEL LEVITZ 65 KIRKWOOD NORTH RD SW CEDAR RAPIDS IA 52406 FUNDRAISING & CONSULTING 247848 STEVENS & LEE 100 LENOX DRIVE SUITE 200 LAWRENCEVILLE NJ 08648 LEGAL SERVICES 143160 2 90540 113755746 24298893 113846286 GIFT ASSESSMENT FEES 900099 4960469 4960469 PROSPECT ENGAGEMENT 900099 545971 545971 5506440 646228 646228 5415079 5333657 81422 81422 81422 41523 90540 70616 -29093 -29093 343626 163871 179755 179755 ADMIN FEES & SUPPORT 900099 14560472 14560472 OTHER INCOME 900099 6575 6575 14567047 134798085 20073487 0 878312 104146542 104146542 759907 759907 9145253 7078761 2066492 753458 605018 148440 1254027 981210 272817 920062 706315 213747 2961723 1419977 1541746 280721 3000 277721 116252 116252 1357010 1357010 172060 172060 820235 448071 372164 167960 111516 56444 670233 370204 300029 571935 96624 475311 671342 2061 669281 214021 183989 30032 411105 225166 185939 184677 184677 DONOR & ALUMNI ENGAGMEN 1586213 243656 1342557 PAYMENTS TO ANNUITANTS 1412612 1412612 PRINTING AND PUBLICATIO 695863 694038 1825 EQUIPMENT PURCHASES 321085 13686 307399 189862 2313 187549 129784158 118501103 8583488 2699567 16721893 23948028 67075034 70872647 2991981 3604769 350208 658226 30851948 27354665 3245804 1056095 607632 686639 121844500 128181069 2119006 4065147 220423 220423 6950042 7771119 9289471 12056689 X 13516009 10806786 91540847 96855356 7498173 8462238 112555029 116124380 121844500 128181069 X 5013927 -351550 -1093026 X X 0 1 X 1 0 X 73553379 64067385 96210372 106300383 113846286 453977805 73553379 64067385 96210372 106300383 113846286 453977805 5693374 448284431 1321027 1168498 946896 791142 646228 4873791 14549273 14910690 14907230 14735637 14952196 74055026 532906622 20806980 0.84120 0.82180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMIN FEE AND SUPPORT RUTGERS - 2010 AMOUNT: $ 13,073,526. 2011 AMOUNT: $ 14,362,751. 2012 AMOUNT: $ 14,222,682. 2013 AMOUNT: $ 14,086,514. 2014 AMOUNT: $ 14,560,472. OTHER INCOME - 2010 AMOUNT: $ 1,000,250. 2011 AMOUNT: $ 700. 2012 AMOUNT: $ 17,999. 2013 AMOUNT: $ 21,048. 2014 AMOUNT: $ 6,575. FUNDRAISING GAMING - 2010 AMOUNT: $ 475,497. 2011 AMOUNT: $ 547,239. 2012 AMOUNT: $ 666,549. 2013 AMOUNT: $ 628,075. 2014 AMOUNT: $ 385,149. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12660475 48304 17400 3500000 259 9191120 17077147 127484 17400 4500000 26756 12660475 16988002 179221 63368 26708 17077147 23976986 14895 430869 909269 6500000 25479 16988002 1270885 25202443 565608 36950 3000000 25000 23976986 0.97000 0.03000 0 0 0 ANNUITIES PAYABLE 7346352 OTHER LIABILITIES 424767 7771119 134878311 -351550 1456996 -1093026 12420 134865891 166681 -234487 -67806 134798085 131308960 1456996 234487 1691483 129617477 166681 166681 129784158 PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -1,093,026. PART XI, LINE 4B - OTHER ADJUSTMENTS: EVENT AND GAMING EXPENSES RECORDED AS EXPENSES ON FINANCIAL STATEMENTS -234,487. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT AND GAMING EXPENSES RECORDED AS EXPENSES ON FINANCIAL STATEMENTS 234,487. MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 INVESTMENT 335000 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENTS 8816 0 0 0 0 0 0 343816 0 343816 0 0 0 0 0 0 X X X X X X 1 RUFFALO NOEL LEVITZ 65 KIRKWOOD NORTH RD SW CEDAR RAPIDS IA 52406 FUNDRAISING & CONSULTING 0 1496550 1190103 306447 GRIZZARD COMMUNICATIONS GROUP INC 229 PEACHTREE STREET NE SUITE 1400 ATLANTA GA 30303 MAIL FUNDRAISING/CONSULTING 0 57761 147278 -89517 COMMUNITY COUNSELLING SERVICE CO LLC 461 FIFTH AVE 3RD FLOOR NEW YORK NY 10017 FUNDRAISING CONSULTING 0 0 109000 -109000 THE PURSUANT GROUP INC 5151 BELT LINE ROAD SUITE 900 DALLAS TX 75254 FUNDRAISING CONSULTING 0 0 57908 -57908 1554311 1504289 50022 AL AK AZ AR 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 ATHLETICS GOLF OUTING 56175 24875 31300 8630 30743 8575 1569 PANCREATIC CANCER WALK 26962 21964 4998 2569 800 1 48926 43701 5225 8507 9223 132063 90540 41523 19706 30743 8575 11592 70616 -29093 343626 163871 1 0.75000 343626 163871 163871 179755 NJ 1 0 0 0 1.00000 CHRISTOPHER ZRALY 7 COLLEGE AVE WINANTS HALL NEW BRUNSWICK NJ 08901 0 CHRISTOPHER ZRALY X 0 SCHEDULE G, PART I: THE FOUNDATION WAS REIMBURSED BY RUTGERS UNIVERSITY FOR THE COSTS OF THE GRIZZARD COMMUNICATIONS, 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 65 DAVIDSON ROAD PISCATAWAY NJ 08854 226001086 170(B)(1)(A)(II) 104061476 EDUCATION-RELATED/ATHLETICS DOUGLASS ASSOCIATE ALUMNAE 191 RYDERS LANE NEW BRUNSWICK NJ 08901 221607270 501 (C) (3) 85066 EDUCATION-RELATED 2 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 1 0 CHRISTOPHER P ZRALY ASSISTANT TREASURER/CFO 175523 0 500 0 833 0 14056 0 2028 0 192940 0 0 0 JOYCE HENDRICKS VICE PRESIDENT 186325 0 500 0 1744 0 15508 0 25071 0 229148 0 0 0 JULIE D CUMMINGS VICE PRESIDENT 181790 0 500 0 1646 0 14757 0 3808 0 202501 0 0 0 DENISE GAVALA VICE PRESIDENT 175593 0 500 0 551 0 14208 0 8856 0 199708 0 0 0 ELIZABETH KETTERLINUS VICE PRESIDENT THRU 10/17/14 168418 0 500 0 7738 0 13780 0 18608 0 209044 0 0 0 ROBERT CONSTANT ASSOC. VICE-PRESIDENT 164074 0 500 0 351 0 13672 0 14026 0 192623 0 0 0 STEVEN DEKOVICS CONTROLLER 124985 0 500 0 256 0 10508 0 28881 0 165130 0 0 0 TRACY ELLIOTT ASSOC. VICE-PRESIDENT 129716 0 500 0 1161 0 10981 0 31844 0 174202 0 0 0 PART I, LINE 1A THREE OF THE EMPLOYEES HAD ANNUAL DUES PAID FOR THE RUTGERS CLUB - $35 PER PERSON. THESE ANNUAL DUES WERE PAID IN ORDER TO ENTERTAIN DONORS AND PROVIDE A SOCIAL MEETING PLACE FOR CONVERSATIONS WITH UNIVERSITY PERSONNEL. PART I, LINE 7 AMOUNTS INCLUDED IN PART II, COLUMN B(II) REPRESENT BONUSES. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUALS W-2S. X 25 514181 FMV X 1458969 FMV X 41697 FMV X 385 12091755 FMV X 1 9517500 FMV - APPRAISAL X 12 490013 FMV X OTHER 42 184778 FMV 1 0 1 1 PART I, COLUMN (B): AMOUNTS ON PART I COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: FOR ANY NONCASH GIFTS THAT ARE DIFFICULT TO SELL IN AN OPEN MARKET, THIRD PARTY VENDORS MAY BE RETAINED TO LIQUIDATE NONCASH ITEMS VIA AUCTIONS (WORKS OF ART & SPECIALIZED COLLECTIONS FOR EXAMPLE) FORM 990, PART I, LINE 5 PART I LINE 5 INDICATES THE RUTGERS UNIVERSITY FOUNDATION EMPLOYED 378 INDIVIDUALS DURING CALENDAR YEAR 2014. THE FOUNDATION EMPLOYS APPROXIMATELY 197 FULL-TIME PROFESSIONAL FUNDRAISING STAFF MEMBERS. THE BALANCE ARE PRIMARILY PART-TIME STUDENT CALLERS WHO SOLICIT GIFTS FOR THE FOUNDATION'S RUTGERS FUND, AN ANNUAL FUNDRAISING ACTIVITY. IN ADDITION, SEVERAL OFFICERS ARE COMPENSATED THROUGH RUTGERS UNIVERSITY. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THESE EXPENSES THROUGH THE MANAGEMENT FEE AS SHOWN ON PART IX. FORM 990, PART VI, SECTION B, LINE 11 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 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 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 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 VI, LINE 17, LIST OF STATES RECEIVING COPY OF FORM 990: OK, OR, SC, WA, WV, WI, ME, NH FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY -1,093,026. FORM 990, PART XII, LINE 2C THE RUTGERS UNIVERSITY FOUNDATION HAS AN AUDIT 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 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.