The William Paterson University Of New Jersey
- Assets
- $49.3k
- Revenue
- $116.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wayne, NJ
- Founding
- 04/1977
- Data as of
- 06/2022
- EIN
- 23-7117036
Organization Overview
The William Paterson University Of New Jersey is located in Wayne, NJ. The organization was established in 1977. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Paterson University Of New Jersey is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, William Paterson University Of New Jersey generated $116.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $111.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WILLIAM PATERSON ALUMNI ASSOCIATION IS DEDICATED TO:- PROMOTING WILLIAM PATERSON UNIVERSITY BY CONNECTING WITH MEMBERS.- PROVIDING OPPORTUNITIES FOR MEMBERS TO INTERACT WITH THE UNIVERSITY IN ORDER TO ADVANCE THEIR PERSONAL AND PROFESSIONAL GROWTH.- CREATING AWARENESS AND LOYALTY THROUGH PHILANTHROPY AND SERVICE IN SUPPORT OF THE IDEALS OF THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILLIAM PATERSON UNIVERSITY ALUMNI ASSOCIATION AWARDS SCHOLARSHIPS TO WILLIAM PATERSON UNIVERSITY STUDENTS WHO SHOW ACADEMIC EXCELLENCE AND DEMONSTRATE FINANCIAL NEED. THE ASSOCIATION ALSO AWARDS GRANTS TO UNIVERSITY FACULTY AND STAFF TO ENHANCE STUDENT ACTIVITIES AND ACADEMIC PROGRAMS. THE ASSOCIATION MAINTAINS CONTACT WITH NEARLY 85,000 ALUMNI BY SPONSORING REUNIONS AND SPECIAL EVENTS, OFFERING PRINT AND ELECTRONIC COMMUNICATIONS, AND MARKETING VARIOUS SOCIAL MEDIA PLATFORMS DESIGNED TO MEET THE NEEDS OF ITS CONSTITUENCY AND FOSTER A SENSE OF COMMUNITY.
THE ALUMNI ASSOCIATION PROVIDES THE UNIVERSITY WITH FUNDS IN SUPPORT OF ITS AREAS OF GREATEST NEED. A GRANT WAS MADE TO THE UNIVERSITY TO SUPPORT THE ALUMNI ASSOCIATION INCENTIVE GRANT. THIS PROGRAM IS DESIGNED TO ASSIST STUDENTS WITH SMALL OUTSTANDING BALANCES ON THEIR STUDENT ACCOUNTS TO REMAIN ENROLLED AT WILLIAM PATERSON UNIVERSITY BY BEING GIVEN A GRANT TO ENABLE THEM TO REMAIN IN SCHOOL AND EARN THEIR DEGREE IN A TIMELIER FASHION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Garcia President | OfficerTrustee | 0.5 | $0 |
Kevin Haden Vice President | OfficerTrustee | 0.5 | $0 |
Dan O'brien Treasurer | OfficerTrustee | 0.5 | $0 |
Debbie Gantert Recording Secretary | OfficerTrustee | 0.5 | $0 |
Lauren Agnew Council Member | Trustee | 0.5 | $0 |
Jean Aires Council Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,083 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,083 |
| Total Program Service Revenue | $0 |
| Investment income | $4,586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $41,328 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,750 |
| Grants and other assistance to domestic individuals. | $34,696 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,950 |
| Advertising and promotion | $0 |
| Office expenses | $823 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,182 |
| All other expenses | $0 |
| Total functional expenses | $111,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $49,347 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,347 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $17,387 |
| Net assets with donor restrictions | $31,960 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,347 |
Grants Awarded
Over the last fiscal year, The William Paterson University Of New Jersey has awarded $386,341 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WILLIAM PATERSON UNIVERSITY OF NEW JERSEY PURPOSE: GENERAL OPERATING PURPOSES. | $36,341 |
WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION INC PURPOSE: GRANT TO ESTABLISH THE WILLIAM PATERSON ALUMNI ASSOCIATION LECTURESHIP PROGRAM. | $350,000 |