2015-12-21T16:31:16-05:00 2015-06-30 200413744 R A Eberle & Company LLC 2400 Morris Ave Suite 204 Union NJ 070835706 990 2014-07-01 222849480 KEAN UNIVERSITY FOUNDATION INC KEAN 1000 MORRIS AVENUE UNION NJ 070830411 CARLA S WILLIS PRESIDENT 9087373340 2015-12-15 true Richard Eberle P00131086 9086877820 2015-12-21 2014 2016-04-25 22:37:26Z CARLA S WILLIS 20899058 false X WWW.KEANFOUNDATION.ORG X 1984 NJ THE ORGANIZATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY. 30 21 0 -103320 -52984 3214805 3640754 613502 439421 2778500 2476118 1102500 -823956 7709307 5732337 1176896 1312418 0 0 0 406942 2763217 3056322 3940113 4368740 3769194 1363597 56755596 56124210 23501333 21506350 33254263 34617860 THE ORGANIZATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY. false false 1312418 1312418 SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS 628753 PROGRAMS AND GRANTS TO KEAN UNIVERSITY 1941171 true true false false false false false false false true true true false true true true true false false false false false false false true false false false true false true false false false false false false false true false false true false false false false true false true false true 79 0 true 0 true true false false false false true true false false X 30 21 true false false false false false false true true false false true true true true true true false false false NJ X CARLA S WILLIS 9087373340 1000 MORRIS AVENUE UNION NJ 070830411 X CARLA S WILLIS PRESIDENT 40.00 0.00 X X 0 0 0 DAWOOD Y FARAHI EX OFFICIO 0.00 0.00 X 0 0 0 KEVIN ALTON DIRECTOR 0.00 0.00 X 0 0 0 PATRICIA M BARKSDALE DIRECTOR 0.00 0.00 X 0 0 0 W JOHN BAUER DIRECTOR 0.00 0.00 X 0 0 0 MARIA E BORDAS DIRECTOR 0.00 0.00 X 0 0 0 ROBERT H BUSCH DIRECTORSECRETARY 0.00 0.00 X 0 0 0 WILLIAM J CARISTE DIRECTOR 0.00 0.00 X 0 0 0 EDWARD A ESPOSITO EX OFFICIO 0.00 0.00 X 0 0 0 JAMES K ESTABROOK DIRECTOR 0.00 0.00 X 0 0 0 STEVE FASTOOK DIRECTORCHAIRMAN 0.00 0.00 X 0 0 0 ANTHONY GIORDANO III DIRECTOR 0.00 0.00 X 0 0 0 KENNETH N GOLDMANN DIRECTORTREASURERVICE CHAIR 0.00 0.00 X 0 0 0 DOROTHY G HENNINGS DIRECTOR 0.00 0.00 X 0 0 0 GEORGE HENNINGS DIRECTOR 0.00 0.00 X 0 0 0 JAMES G HYNES DIRECTOR 0.00 0.00 X 0 0 0 ADA MORRELL EX OFFICIO 0.00 0.00 X 0 0 0 MARJORIE A PERRY DIRECTOR 0.00 0.00 X 0 0 0 BARBARA SOBEL EX OFFICIO 0.00 0.00 X 0 0 0 GAIL E FRASER DIRECTOR EMERITUS 0.00 0.00 X 0 0 0 LI-WOAN YANG DIRECTOR EMERITUS 0.00 0.00 X 0 0 0 DANIEL J CHARLESTON DIRECTOR EMERITUS 0.00 0.00 X 0 0 0 NANCY ANN SCHLEICHER DIRECTOR EMERITUS 0.00 0.00 X 0 0 0 BILL LOEHNING DIRECTOR 0.00 0.00 X 0 0 0 SCOTT N SCHOBER DIRECTOR 0.00 0.00 X 0 0 0 LINDA TUMA DIRECTOR 0.00 0.00 X 0 0 0 DONALD BRADY DIRECTOR 0.00 0.00 X 0 0 0 DONALD CONKLIN DIRECTOR 0.00 0.00 X 0 0 0 LINDA TUMA DIRECTOR 0.00 0.00 X 0 0 0 SUSAN KOGAN LIFETIME EMERITUS 0.00 0.00 X 0 0 0 0 0 0 0 false false false TAYLOR FINANCIAL GROUP LLC 851 FRANKLIN LAKES ROAD FRANKLIN LAKES NJ 074171368 INVESTMENT MANAGEM 245430 1 346044 3294710 27790 3640754 OTHER INCOME 900099 439421 439421 439421 1459910 1459910 243716 81239 45285 184559 198431 -103320 95111 -103320 198431 15697182 14680974 1016208 1016208 1016208 255903 346044 255903 UNREAL LOSS ON SECURIT 900099 -804941 -804941 INCR IN CSV OF LIFE INS 900099 5311 5311 CHANGE-SPLIT INT AGREEM 900099 -119437 -119437 -919067 5732337 325295 -103320 1869608 X 1312418 1312418 293255 293255 3961 3961 52717 52717 18284 5924 12360 6794 6794 908835 908835 36587 36587 10610 10610 20874 20874 KEAN UNIVERSITY PROGRAM 592166 592166 GALA EXPENSES 190562 190562 REIMBURSED EXPENSES 245587 245587 MISCELLANEOUS 122799 122799 553291 349271 204020 4368740 1941171 2020627 406942 X 6046571 4296745 1707932 1880361 621599 817676 513489 508696 3276176 1056902 2456707 2219274 20866627 23375086 4396061 3174859 20146610 19851513 56755596 56124210 2596374 1409887 17908645 17526324 2996314 2570139 23501333 21506350 X 5790129 5753773 13924636 15172405 13539498 13691682 33254263 34617860 56755596 56124210 1363597 0 X false true X true false X 2523330 2929128 2552381 3214805 3640754 14860398 2523330 2929128 2552381 3214805 3640754 14860398 14860398 481869 467079 416720 1220736 1459910 4046314 18906712 0.78600 0.81000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13539498 152184 13691682 13399231 140267 13539498 13122985 276246 13399231 12968594 229416 74900 125 13122985 10864955 2103639 12968594 false false 1867673 203863 1663810 958788 556852 401936 449715 296187 153528 2219274 LIMITED PARTNERSHIP INTERESTS 3174859 F 3174859 SECS HELD FOR GEAR UP SCHOOL FUND 1450352 CSV LIFE INSURANCE POLICY 234737 INVEST IN DIRECT FINANCING LEASE 18166424 19851513 ANNUITY PAYABLE LIABILITY 1119787 GEAR UP SCHOOL AGENCY ACCOUNT 1450352 2570139 X 6349174 616837 616837 5732337 5732337 4985577 616837 616837 4368740 4368740 Endowment funds intended uses (Part V, line 4) TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO PRESERVE THE 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 FDN'S TAX-EXEMPT STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE FDN'S 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, 2012. GOLF OUTING 119874 54623 65251 1000 64251 ANNUAL GALA 482073 291421 190652 4000 186652 601947 346044 255903 5000 250903 255903 true SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS 341 1312418 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 false false false true false false false false A false DANIEL J CHARLESTON FORMER BOARD MEMBER INVESTMENT ACTIVITIES false X OFFICE SUPPLIES 1 27790 RETAIL VALUE false false 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 592166 CASH DISBURSEMENTS