Newark Campus Development Fund
- Assets
- $44.1m
- Revenue
- $5.4m
- Investments
- $2.3m
- Employees
- 0
- Location
- Newark, OH
- Founding
- 07/1983
- Data as of
- 10/2020
- EIN
- 31-1062282
Organization Overview
Newark Campus Development Fund is located in Newark, OH. The organization was established in 1983. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Newark Campus Development Fund 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 10/2020, Newark Campus Development Fund generated $5.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $5.5m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Newark Campus Development Fund has awarded 19 individual grants totaling $16,514,312. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NEWARK CAMPUS DEVELOPMENT FUND IS TO SUPPORT THE NEWARK CAMPUS OF THE OHIO STATE UNIVERSITY AND CENTRAL OHIO TECHNICAL COLLEGE BY FUNDING SCHOLARSHIPS, GRANTS, INNOVATIVE PROJECTS AND CAPITAL IMPROVEMENTS THAT ARE NOT PROVIDED BY ANY OTHER STATE RESOURCE. FOR 38 YEARS, DONORS, BUSINESSES AND ORGANIZATIONS HAVE PARTICIPATED IN NCDF CAMPAIGNS TO CREATE A BEAUTIFUL COLLEGE CAMPUS WHERE STUDENTS RECEIVE THE BEST OF ALL WORLDS: A BIG 10 RESEARCH-BASED EDUCATION IN A SMALL, PRIVATE, LIBERAL ARTS SETTING. LOCAL DONORS ENJOY SUPPORTING FUNDS AND CREATING ENDOWMENTS AT NCDF WHICH IS CONTROLLED LOCALLY BY A BOARD OF TRUSTEES WITH DEEP ROOTS WITHIN OUR COMMUNITY. WITH THE PARTNERSHIP OF GENEROUS GENERATIONAL DONORS AND A COMMITTED BOARD, THE NCDF IS ABLE TO PROVIDE ACCESS TO EDUCATION FOR ALL QUALIFIED AND MOTIVATED INDIVIDUALS. NCDF STRIVES TO MAINTAIN AND ENHANCE THE LEVEL OF EDUCATIONAL TECHNOLOGICAL EXCELLENCE AND CLOSE PERSONALIZED ATTENTION AT OSU NEWARK AND COTC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEWARK CAMPUS DEVELOPMENT FUND (NCDF) ACTS AS A CONDUIT FOR GENEROUS DONORS TO ASSIST THE GROWING NEEDS OF THE NEWARK CAMPUS. ESTABLISHED IN 1983, NCDF HAS PROVIDED MORE THAN $37 MILLION IN SCHOLARSHIPS, GRANTS AND CAPITAL INVESTMENTS. CAPITAL PROJECTS FUNDED INCLUDE THE CONSTRUCTION OF THE EVERETT REESE BELL TOWER, THE J GILBERT REESE TECHNOLOGY CENTER, THE JOHN AND CHRISTINE WARNER LIBRARY AND STUDENT CENTER AND THE JOHN AND MARY ALFORD CENTER FOR SCIENCE AND TECHNOLOGY, AS WELL AS PROVIDING FUNDS FOR TECHNOLOGICAL EQUIPMENT, PARKING, AND CAMPUS BEAUTIFICATION.THE HEADCOUNT AT OHIO STATE NEWARK IS 2,873 AND 3,042 AT COTC FOR AUTUMN QUARTER 2020. THESE STUDENTS FACE INCREASING DIFFICULTIES PAYING FOR BOOKS & TUITION, JUGGLING MINIMUM WAGE JOBS AND COLLEGE COURSES, AS WELL AS LIVING EXPENSES OF YOUNG FAMILIES. UNRESTRICTED SCHOLARSHIP AND GRANT FUNDS HELP THE MOST TO MEET THE NEEDS OF STUDENTS. THE NCDF SUPPORTS PROJECTS AND SCHOLARSHIP NEEDS THAT STATE AND FEDERAL RESOURCES CANNOT.IN THE ACADEMIC YEAR ENDING ON JUNE 30, 2020, THE NCDF FUNDED 703 SCHOLARSHIPS AND 9 GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Roberts -See Sch J Executive Director | Officer | 22 | $54,565 |
Stuart Parsons President | OfficerTrustee | 1 | $0 |
C Daniel Delawder Treasurer | OfficerTrustee | 1 | $0 |
Robert Montagnese Chairman | OfficerTrustee | 1 | $0 |
Siobhan R Clovis Secretary | Officer | 1 | $0 |
Lee Heckman Asst Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,430,760 |
| Investment income | $1,215,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $730,771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,377,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| 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 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 | $168 |
| Fees for services: Accounting | $2,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $283,339 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,068 |
| Information technology | $7,221 |
| 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 | $5,004 |
| All other expenses | $0 |
| Total functional expenses | $5,499,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,997 |
| Savings and temporary cash investments | $665,534 |
| 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 |
| Investments—publicly traded securities | $41,122,646 |
| Investments—other securities | $2,338,175 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,149,352 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $44,149,352 |
Grants Awarded
Over the last fiscal year, Newark Campus Development Fund has awarded $5,058,682 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE OHIO STATE UNIVERSITY AT NEWARK PURPOSE: FUNDING OF PROJECTS FOR WHICH NO OTHER FUNDING IS AVAILABLE | $4,366,470 |
CENTRAL OHIO TECHNICAL COLLEGE PURPOSE: FUNDING OF PROJECTS FOR WHICH NO OTHER FUNDING IS AVAILABLE | $692,212 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Newark Campus Development Fund has recieved totaling $657,012.
| Awarding Organization | Amount |
|---|---|
Gilbert Reese Family Foundation Newark, OH PURPOSE: ALFORD BUILDING FUND | $300,000 |
Thomas J Evans Fdn Newark, OH PURPOSE: HODGES HALL DONATION | $200,000 |
Licking Memorial Health Foundation Newark, OH PURPOSE: SPONSORSHIP OF AN EVENT THAT FURTHERS THEIR EXEMPT PURPOSE. | $100,000 |
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $50,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Endowment Analysis
| Beg. Balance | $39,851,700 |
| Earnings | $1,026,415 |
| Admin Expense | $268,319 |
| Net Contributions | $71,421 |
| Other Expense | $340,000 |
| Grants | $1,381,817 |
| Ending Balance | $38,959,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wayne State University Detroit, MI | $420,994,306 | $23,111,509 |
Union Institute & University Cincinnati, OH | $9,527,741 | $17,880,804 |
Cleveland State University Foundation Cleveland, OH | $110,232,117 | $11,409,961 |
Baker College Flint, MI | $17,867,262 | $11,641,595 |
Martin University Inc Indianapolis, IN | $11,458,178 | $6,489,319 |
Newark Campus Development Fund Newark, OH | $44,149,352 | $5,377,217 |
University Of Southern Indiana Foundation Inc Evansville, IN | $166,446,934 | $20,278,244 |
Simmons College Of Kentucky Inc Louisville, KY | $11,109,137 | $8,273,027 |
The Northern Michigan University Foundation Marquette, MI | $51,572,158 | $7,666,417 |
Rabbinical College Of Telshe Inc Wickliffe, OH | $4,924,770 | $5,286,495 |
Valor Christian College Columbus, OH | $1,469,992 | $3,133,613 |
James A Rhodes State College Foundation Lima, OH | $6,805,067 | $2,232,723 |