ROWAN UNIVERSITY FOUNDATION INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- ROWAN UNIVERSITY FOUNDATION INC (EIN 22-2482802)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-10
- IRS object ID
- 201121309349301932
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-10T15:42:21-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 MARKET STREET SUITE 3100 | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222482802 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rowan University Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ROWA | NameControl |
| Phone | 8562564119 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 Mullica Hill Road | AddressLine1 |
| City | Glassboro | City |
| State | NJ | State |
| ZIP Code | 08028 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | R J Tallarida Jr | Name |
| Title | ACTING EXECUTIVE DIRECTOR | Title |
| Phone | 8562565413 | Phone |
| Date Signed | 2011-05-06 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2155614200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Mary Kay Long | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 Mullica Hill Road | AddressLine1 |
| City | Glassboro | City |
| State | NJ | State |
| ZIP Code | 08028 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 41278216 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.rufoundation.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1983 | YearFormation |
| State Legal Domicile | NJ | StateLegalDomicile |
| Activity Or Mission Description | The primary purpose of the foundation is to raise money and obtain gifts-in-kind and to channel those monies and gifts to Rowan University in meeting its education mission. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 21 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -98851 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2634591 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1784981 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4068924 | InvestmentIncomePriorYear |
| Investment Income Current Year | 585270 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -23700 | OtherRevenuePriorYear |
| Other Revenue Current Year | -5501 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6679815 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2364750 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 9429806 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 9012749 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1542 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 640026 | OtherExpensePriorYear |
| Other Expenses Current Year | 289306 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10069832 | TotalExpensesPriorYear |
| Total Expenses Current Year | 9302055 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -3390017 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -6937305 | RevenuesLessExpensesCY |
| Total Assets BOY | 129167780 | TotalAssetsBOY |
| Total Assets EOY | 135013371 | TotalAssetsEOY |
| Total Liabilities BOY | 1768812 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1707556 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 127398968 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 133305815 | NetAssetsOrFundBalancesEOY |
| Mission Description | Rowan University Foundation (The Foundation) was created to assist the board of trustees and the President of Rowan University (The University) in their efforts to achieve and advance the mission of The University. The primary purpose of The Foundation is to raise money and obtain gifts-in-kind and to channel those monies and gifts to Rowan University in meeting its educational mission. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 1053393 | Expense |
| Grants | 1053393 | Grants |
| Description | Scholarships (restricted funds) given to students. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 7959356 | Expense |
| Grants | 7959356 | Grants |
| Description | Grants to Rowan University. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 9012749 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Nbr Voting Governing Body Members | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicy |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOSEPH F SCULLY JR | NamePerson |
| Telephone Number | 8562564127 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 MULLICA HILL ROAD | AddressLine1 |
| City | Glassboro | City |
| State | NJ | State |
| ZIP Code | 08028 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Donald J Farish | ||||||
| Director | 1.0 | X | 0 | 310866 | 38908 | |
| Rob Lewandowski | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Lawrence J Salva | ||||||
| Vice Chair | 1.0 | X | 0 | 0 | 0 | |
| Joe Bottazzi | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Tony Galvin | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Robert Novick | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Harry I Scheyer | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Anthony Calabrese | ||||||
| Chair | 1.0 | X | 0 | 0 | 0 | |
| Elizabeth Palmer | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Pauline Schneider | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Keith Campbell | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Robert W Hoey | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Alyce Parker | ||||||
| Secretary | 1.0 | X | 0 | 0 | 0 | |
| Paul Tully | ||||||
| Treasurer | 1.0 | X | 0 | 0 | 0 | |
| Scott Kintzing | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Helene Reed | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Stanley LaBruna | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Robert C Braun | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Stephen H Clark | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Jill Steier | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| David J Strout | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Allison Wedell | ||||||
| Director | 1.0 | X | 0 | 0 | 0 | |
| Mary Kay Long | ||||||
| Interim Vice President | 1.0 | 0 | 127508 | 9410 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 438374 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 48318 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 68880 | FundraisingEvents |
| All Other Contributions | 1716101 | AllOtherContributions |
| Total Contributions | 1784981 | TotalContributions |
| Total Program Service Revenue | 0 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2581490 | TotalRevenueColumn |
| Exclusion | $2,581,490 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 36881829 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 38878049 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -1996220 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1996220 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 29916 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 68880 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 35417 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -5501 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2364750 | TotalRevenueColumn |
| Exclusion | $2,581,490 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7959356 | Total |
| Program Services | 7959356 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1053393 | Total |
| Program Services | 1053393 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21967 | Total |
| Management And General | 21967 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36065 | Total |
| Management And General | 36065 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 114311 | Total |
| Management And General | 114311 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1542 | Total |
| Fundraising | 1542 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11167 | Total |
| Management And General | 11167 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral |
|---|---|---|
| ANNUITIES DISTRIBUTION | 58004 | 58004 |
| TEACHING AWARDS | 8044 | 8044 |
| CATERING | 6975 | 6975 |
| FILING FEES | 335 | 335 |
| MISCELLANEOUS | 30896 | 30896 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9302055 | Total |
| Program Services | 9012749 | ProgramServices |
| Management And General | 287764 | ManagementAndGeneral |
| Fundraising | 1542 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3409598 | BOY |
| EOY | 5215876 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5707694 | BOY |
| EOY | 5376561 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Accounts Receivable | AccountsReceivable |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82702127 | BOY |
| EOY | 84168854 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37342667 | BOY |
| EOY | 40216234 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5694 | BOY |
| EOY | 35846 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129167780 | BOY |
| EOY | 135013371 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 526270 | BOY |
| EOY | 504745 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53784 | BOY |
| EOY | 41531 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1188758 | BOY |
| EOY | 1161280 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1768812 | BOY |
| EOY | 1707556 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8877363 | BOY |
| EOY | 13714041 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9544872 | BOY |
| EOY | 10906713 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108976733 | BOY |
| EOY | 108685061 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127398968 | BOY |
| EOY | 133305815 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129167780 | BOY |
| EOY | 135013371 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2496414 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3488737 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2040958 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2657180 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1716101 | CurrentTaxYear |
| Total | 12399390 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2496414 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3488737 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2040958 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2657180 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1716101 | CurrentTaxYear |
| Total | 12399390 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 12399390 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3062087 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3351370 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3663583 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3501460 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2581490 | CurrentTaxYear |
| Total | 16159990 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 28559380 | TotalSupport |
| Public Support Pertcentage170 | 0.43416 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.00000 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 108976733 | BeginningOfYearBalance |
| Contributions | 189295 | Contributions |
| Investment Earnings Or Losses | -480967 | InvestmentEarningsOrLosses |
| End Of Year Balance | 108685061 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 108603684 | BeginningOfYearBalance |
| Contributions | 194919 | Contributions |
| Investment Earnings Or Losses | 7236652 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 7058522 | GrantsOrScholarships |
| Other Expenditures | 0 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 108976733 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Land | Land | |
| Buildings | Buildings | |
| Leasehold Improvements | LeaseholdImprovements | |
| Equipment | Equipment | |
| Other Land Buildings | OtherLandBuildings | |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| REALTY INVESTMENTS | 4428045 | F |
| ALTERNATIVE INVESTMENTS | 35788189 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 40216234 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ALUMNI ASSOCIATION | $1,081,280 |
| COMPENSATED ABSENCES | $80,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1161280 | TotalOfAmounts |
| Total Revenue | 2364750 | TotalRevenue |
| Total Expenses | 9302055 | TotalExpenses |
| Excess Or Deficit For Year | -6937305 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 12808735 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 12808735 | TotalAdjustments |
| Excess Or Deficit Per FS | 5871430 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 15208902 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 12808735 | NetUnrealizedGainsInvestments |
| Other Revenues | 35417 | OtherRevenues |
| Revenue Not Rptd F990 | 12844152 | RevenueNotRptdF990 |
| Revenue Subtotal | 2364750 | RevenueSubtotal |
| Total Revenue Per Form990 | 2364750 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 9302055 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 9302055 | ExpensesSubtotal |
| Total Expenses Per Form990 | 9302055 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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. |
| Schedule D, Part XII, Line 2D | Fundraising expense in revenue $35,417. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Golf Tournament | NameOfEvent1 |
| Gross Receipts Event1 | 65456 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 42693 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 22763 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 1413 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 14820 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 9780 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 7531 | OtherDirectExpensesEvent1 |
| Name Of Event2 | MLK JR Breakfas | NameOfEvent2 |
| Gross Receipts Event2 | 33430 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 26187 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 7243 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 300 | RentFacilityCostsEvent2 |
| Other Direct Expenses Event2 | 1573 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 98886 | GrossReceiptsTotal |
| Charitable Contributions Total | 68880 | CharitableContributionsTotal |
| Gross Revenue Total Events | 30006 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 1413 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 15120 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 9780 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 9104 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 35417 | DirectExpenseSummaryEvents |
| Net Income Summary | -5411 | NetIncomeSummary |
Schedule I IRS990ScheduleI
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rowan University | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 Mullica Hill Road | AddressLine1 |
| City | Glassboro | City |
| State | NJ | State |
| ZIP Code | 08028 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Of Cash Grant | 7959356 | AmountOfCashGrant |
| Purpose Of Grant | Program Services | PurposeOfGrant |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Student Scholarships | TypeOfGrant |
| Number Of Recipients | 263 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 1053393 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | FinancialAid | DescriptionOfNonCashAssistance |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Donald J Farish | NamePerson |
| Base Compensation Filing Org | 0 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 310866 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 38908 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 0 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 349774 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Line 11 | The Rowan University Accounting Services Office (Accounting Services) acts as the liaison in the preparation of the tax returns. Accounting Services provides all the financial information to the paid tax preparer based on the entities audited financial statements as well as the records of Rowan University's Accounting System for each of these entities. Accounting Services contacts each entities' officers and staff to obtain answers to the non-financial questions and provides this information to the paid tax preparer. Draft documents are reviewed by Accounting Services and the entities' offices or staff if needed. |
| Form 990, Part VI, Line 15 | No compensation is paid, therefore there is no process for determining compensation. |
| Form 990, Part VI, Line 19 | All required organizational documents including articles of incorporation, by-laws, and other policies are available to the public upon request. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|---|
| Rowan University | |||||||||
| 201 Mullica Hill Road | Glassboro | NJ | 08028 | 222764819 | University | NJ | 115 | NA | |
| Rowan University Alumni Association | |||||||||
| 201 Mullica Hill Road | Glassboro | NJ | 08028 | 237132916 | Support | NJ | 501(c)(3) | Rowan Univ | 7 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rowan University | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionType |
Comments