New Jersey City University Foundation Inc

Organization Overview

New Jersey City University Foundation Inc is located in Jersey City, NJ. The organization was established in 1983. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. New Jersey City University Foundation Inc 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, New Jersey City University Foundation Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $4.5m during the year ending 06/2022. While expenses have increased by 23.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS: THE FOUNDATION PROVIDED FUNDING TO NEW JERSEY CITY UNIVERSITY FOR STUDENT SCHOLARSHIPS AND OTHER PROGRAMMATIC PURPOSES.


OTHER ACTIVITIES: OTHER ACTIVITIES OF THE FOUNDATION ARE ATTRIBUTABLE TO SUPPORT PROVISIONAL ACTIVITIES OF THE UNIVERSITY AND OF SURROUNDING ORGANIZATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Andrea Ducas
Director -Secretary
$0
Edward O'connor
Director -Vice Chair
$0
Kwi Brennan
Executive Director(non-Voting)
$0
Peter Hernandez
Director-Chair
$0
Stephen Hess
Director-Treasurer
$0
Alex Forrester
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Studio Hillier Llc
Architect Services
$192,398
Investors Bank
Financial Services
$300,000
Harrisonrand Advertising
Advertising Services
$180,000
Aj Celiano Inc
Hvac Services
$171,278
Mccarter & English
Legal Services
$170,710
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$180,939
Related organizations$0
Government grants $134,405
All other contributions, gifts, grants, and similar amounts not included above$1,554,093
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,869,437
Total Program Service Revenue$0
Investment income $589,810
Tax Exempt Bond Proceeds $0
Royalties $415
Net Rental Income $1,729,045
Net Gain/Loss on Asset Sales $35,370
Net Income from Fundraising Events -$6,748
Net Income from Gaming Activities $2,150
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,332,476

Grants Recieved

Over the last fiscal year, we have identified 13 grants that New Jersey City University Foundation Inc has recieved totaling $850,156.

Awarding OrganizationAmount
Niswarth International Foundation

Parsippany, NJ

PURPOSE: UNRESTRICTED

$171,394
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$140,000
Niswarth International Foundation

Parsippany, NJ

PURPOSE: UNRESTRICTED

$124,641
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$120,200
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$70,000
Community Foundation Of New Jersey

Morristown, NJ

PURPOSE: GENERAL SUPPORT

$67,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$25,598,633
Earnings-$2,263,058
Net Contributions$1,820,351
Other Expense$110,402
Grants$2,006,020
Ending Balance$23,039,504

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