2013-12-23T15:44:39-06:00 2013-06-30 200413744 RA Eberle & Company LLC 1460 Morris Avenue Suite 3A Union NJ 070833313 990 2012-07-01 222849480 KEAN UNIVERSITY FOUNDATION INC KEAN 9087373340 1000 MORRIS AVENUE No T-130 UNION NJ 070830411 DIANE SCHWARTZ 9087373340 2013-12-05 1 RICHARD EBERLE P00131086 9086877820 2012 2015-11-30 17:44:51Z DIANE SCHWARTZ 1000 MORRIS AVENUE No T-130 UNION NJ 070830411 17955142 0 X www.keanfoundation.org X 1984 NJ THE ORGANIZATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY 26 21 0 0 -86956 -303916 2929128 2552381 1511660 1504189 344234 1612071 -301143 683203 4483879 6351844 1105394 894327 0 0 0 0 0 0 338387 2140256 1841466 3245650 2735793 1238229 3616051 50641657 53672730 24772640 24187661 25869017 29485069 TO OBTAIN PRIVATE FUNDING TO ENHANCE THE CURRENT AND FUTURE EDUCATIONAL GOALS OF KEAN UNIVERSITY. 0 0 894327 894327 SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS. 587222 PROGRAMS INCURRED ON BEHALF OF KEAN UNIVERSITY. 18441 GRANTS TO KEAN UNIVERSITY ALUMNI 1499990 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 48 0 1 0 1 1 0 0 0 0 1 1 0 0 X 26 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X KEAN UNIVERSITY FOUNDATION 9077373340 1000 MORRIS AVENUE UNION NJ 07083 X DARWOOD Y FARAHI 0.00 X 0 0 0 KEVIN ALTON 0.00 X 0 0 0 CHRISTIAN J BAKER 0.00 X 0 0 0 PATRICIA M BARKSDALE 0.00 X 0 0 0 W JOHN BAUER 0.00 X 0 0 0 MARIA E BORDAS 0.00 X 0 0 0 ROBERT H BUSCH 0.00 X 0 0 0 WILLIAM J CARISTE 0.00 X 0 0 0 EDWARD A ESPOSITO 0.00 X 0 0 0 JAMES K ESTABROOK 0.00 X 0 0 0 STEVE FASTOOK 0.00 X 0 0 0 ANTHONY GIORDANO III 0.00 X 0 0 0 KENNETH N GOLDMANN 0.00 X 0 0 0 DOROTHY G HENNINGS 0.00 X 0 0 0 GEORGE HENNINGS 0.00 X 0 0 0 JAMES G HYNES 0.00 X 0 0 0 SUSAN KOGAN 0.00 X 0 0 0 ADA MORRELL 0.00 X 0 0 0 MARJORIE A PERRY 0.00 X 0 0 0 BARBARA SOBEL 0.00 X 0 0 0 GAIL E FRASER 0.00 X 0 0 0 LI-WOAN YANG 0.00 X 0 0 0 ABRAHAM ZUCKERMAN 0.00 X 0 0 0 DANIEL J CHARLESTON 0.00 X 0 0 0 NANCY ANN SCHLEICHER 0.00 X 0 0 0 DIANE SCHWARTZ 40.00 X 0 0 0 0 0 0 0 0 0 0 GOURMET DINING SERVICE LLC 285 MADISON AVE MADISON NJ 07940 FOOD SERVICES 203150 TAYLOR FINANCIAL GROUP LLC 851 FRANKLIN LAKES ROAD FRANKLIN LAKES NJ 074171368 INVESTMENT MANAGEMENT 183781 2 192244 2360137 49625 2552381 OTHER INCOME 900099 1504189 1504189 1504189 416720 416720 292809 97603 45285 184559 247524 -86956 160568 -86956 247524 12142619 134547 11081814 1 1060805 134546 1195351 1195351 291639 192244 291639 0 UNREALIZED GAIN ON SECURITIES 900099 582189 582189 INCREASE IN CASH SURRENDER VALUE 900099 5168 5168 CHANGE IN VALUE SPLIT INTEREST AG 900099 -64722 -64722 522635 6351844 1444635 -86956 2441784 X 894327 894327 252563 252563 3190 3190 38362 37637 725 4710 190 4520 2539 2539 18441 18441 19667 19667 21343 21343 KEAN UNIVERSITY PROGRAM 587222 587222 REIMBURSED EXPENSES 234564 234564 GALA EXPENSES 222305 222305 MISCELLANEOUS 114670 114670 321890 211053 110837 2735793 1499990 897416 338387 X 12806801 7186039 1121902 1182450 568419 568419 304894 343720 3288668 593795 2944388 2694873 15307849 16982989 4969895 5561608 12617509 19152632 50641657 53672730 4293874 3526811 18258670 18280987 2220096 2379863 24772640 24187661 X 4421210 5612737 8324822 10473101 13122985 13399231 25869017 29485069 50641657 53672730 X 3616051 1 X X 0 1 X 1 0 X 4661755 4610709 2523330 2929128 2552381 17277303 4661755 4610709 2523330 2929128 2552381 17277303 17277303 299608 316421 481869 467079 416720 1981697 19259000 0.89710 0.88370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13122985 276246 13399231 12968594 229416 74900 125 13122985 10864955 2103639 12968594 11152448 762507 1050000 10864955 10815408 428812 91772 11152448 0 0 1867673 108861 1758812 974293 279804 694489 446702 205130 241572 2694873 5561608 C 5561608 SECURITIES HELD FOR GEAR UP SCHOLARSHIP FUND 1373586 CASH SURRENDER VALUE LIFE INSURANCE POLICY 224469 DEFERRED CHARGES, NET 488075 CONSTRUCTION IN PROGRESS - OCC 17066502 19152632 ANNUITY PAYABLE LIABILITY 1006277 GEAR UP SCHOLARSHIP FUND-AGENCY ACCOUNT 1373586 2379863 X 6581689 0 6581689 -229845 -229845 6351844 2965638 0 2965638 -229845 -229845 2735793 Description of Intended Use of Endowment Funds: 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. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE IN FASB ASC TOPIC 740, INCOME TAXES. THE FOUNDATION 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 FOUNDATION'S TAX-EXEMPT STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2010 . Part XI, Line 4b - Other Adjustments: RENTAL DEPRECIATION EXPENSE -229,845. Part XII, Line 4b - Other Adjustments: DEPRECIATION RECLASSIFIED AGAINST RENT -229,845. GOLF OUTING 142387 73053 69334 69334 ANNUAL GALA 341496 119191 222305 222305 483883 192244 291639 291639 291639 0 1 SCHOLARSHIPS TO KEAN UNIVERSITY STUDENTS 281 894327 A BERGEN COUNTY IMPROVEMENT AUTHORITY 222295826 083778JD3 2010-12-09 18161291 CONSTRUCT ACADEMIC BUILDING 0 0 0 A 18161291 1293599 362986 14644996 1859710 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 DANIEL J CHARLESTON FORMER BOARD MEMBER INVESTMENT ACTIVITES 0 X OFFICE SUPPLIES 1 49625 RETAIL VALUE 0 0 0 Form 990, Part VI, Section A, line 2 BOARD MEMBERS DR DOROTHY G. HENNINGS AND DR GEORGE HENNINGS ARE HUSBAND AND WIFE. Form 990, Part VI, Section B, 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, AND FILED. Form 990, Part VI, Section B, line 12c OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT A SIGNED STATEMENT ANNUALLY. Form 990, Part VI, Section C, line 19 COPIES OF ALL DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE FOUNDATION. All Other Functional Expenses Form 990, Part IX, line 24e PROFESSIONAL FEES: Program service expenses 0. Management and general expenses 98,168. Fundraising expenses 7,751. Total expenses 105,919. GOLF EXPENSES: Program service expenses 0. Management and general expenses 0. Fundraising expenses 69,334. Total expenses 69,334. IN KIND SERVICES: Program service expenses 0. Management and general expenses 39,191. Fundraising expenses 10,434. Total expenses 49,625. FOOD SERVICE & CATERING: Program service expenses 0. Management and general expenses 18,887. Fundraising expenses 0. Total expenses 18,887. AMORTIZATION BOND ISSUANCE COSTS: Program service expenses 0. Management and general expenses 18,476. Fundraising expenses 0. Total expenses 18,476. PRINTING & DUPLICATION: Program service expenses 0. Management and general expenses 8. Fundraising expenses 17,550. Total expenses 17,558. BANK FEES: Program service expenses 0. Management and general expenses 12,723. Fundraising expenses 0. Total expenses 12,723. PROMOTIONAL EXPENSES: Program service expenses 0. Management and general expenses 8,378. Fundraising expenses 0. Total expenses 8,378. EVENT SUPPLIES: Program service expenses 0. Management and general expenses 6,128. Fundraising expenses 0. Total expenses 6,128. MEALS & ENTERTAINMENT: Program service expenses 0. Management and general expenses 614. Fundraising expenses 4,074. Total expenses 4,688. DUES & MEMBERSHIPS: Program service expenses 0. Management and general expenses 2,500. Fundraising expenses 350. Total expenses 2,850. SUPPLIES: Program service expenses 0. Management and general expenses 2,726. Fundraising expenses 10. Total expenses 2,736. TELEPHONE: Program service expenses 0. Management and general expenses 1,985. Fundraising expenses 0. Total expenses 1,985. PUBLICATIONS & PERIODICALS: Program service expenses 0. Management and general expenses 1,915. Fundraising expenses 0. Total expenses 1,915. AUTO EXPENSES: Program service expenses 0. Management and general expenses 1,800. Fundraising expenses 0. Total expenses 1,800. POSTAGE: Program service expenses 0. Management and general expenses 188. Fundraising expenses 795. Total expenses 983. NJ FILING FEES: Program service expenses 0. Management and general expenses 350. Fundraising expenses 100. Total expenses 450. DONOR RECOGNITION: Program service expenses 0. Management and general expenses 0. Fundraising expenses 439. Total expenses 439. BAD DEBTS: Program service expenses 0. Management and general expenses -2,984. Fundraising expenses 0. Total expenses -2,984. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: ROUNDING 1. FORM 990 PART XI LINE 2C NO CHANGE IN THE SELECTION PROCESS KEAN UNIVERSITY 1000 MORRIS AVENUE UNION NJ 07083 222960726 UNIVERSITY--PROVIDE POST SECONDARY EDUCATION TO STUDENTS NJ 501(c)(3) 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KEAN UNIVERSITY B 582722 CASH DISBURSEMENTS