Ramapo College Foundation
- Assets
- $30.5m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Mahwah, NJ
- Founding
- 12/1971
- Data as of
- 06/2021
- EIN
- 51-0244756
Organization Overview
Ramapo College Foundation is located in Mahwah, NJ. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Ramapo College Foundation 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 06/2021, Ramapo College Foundation generated $5.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $4.6m during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 6 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.
Since 2017, Ramapo College Foundation has awarded 14 individual grants totaling $37,843,510. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES THE RESOURCES THAT MAKE THE DIFFERENCE IN THE COLLEGE'S QUEST FOR EDUCATIONAL EXCELLENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNRESTRICTED REVENUES ARE RAISED TO FUND A GRANT ALLOCATION PROCESS WHICH ALLOWS FACULTY, STAFF AND STUDENT ORGANIZATIONS TO APPLY FOR SUPPORT THROUGH A COMPETITIVE PROCESS. THESE GRANTS SUPPORT PROFESSIONAL DEVELOPMENT, FUND UNDERGRADUATE RESEARCH, SUPPORT VISITING LECTURERS OR SCHOLARS. THE FOUNDATION ALSO FUNDS FACULTY FELLOWSHIPS FOR THE COLLEGE AS WELL AS SPONSORS SPECIAL PROGRAMS TO ADVANCE THE ACADEMIC MISSION OF THE COLLEGE.
THE FOUNDATION RAISES FUNDS TO SUPPORT THE RENOVATIONS OF COLLEGE BUILDINGS, AS WELL AS VARIOUS ACADEMIC POSITIONS. THIS ENHANCES THE QUALITY OF TEACHING AND LEARNING ON THE CAMPUS AND SUPPORTS OBJECTIVES AS OUTLINED IN THE COLLEGE'S STRATEGIC PLAN.
RAISING FUNDS TO AWARD NEED-BASED, MERIT-BASED OR STUDY-ABROAD SCHOLARSHIPS IS A PRIORITY OF THE FOUNDATION. 463 STUDENT SCHOLARSHIPS WERE AWARDED IN FISCAL YEAR 2021 TOTALING MORE THAN $774,558. ENDOWED SCHOLARSHIP PRINCIPAL INCREASED BY 3% AND TOTAL ENDOWMENT FUNDS INCREASED BY 28%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Angela Cristini Ex Officio, Exec. Dir. | Officer | 40 | $110,540 |
Roseann Toscano CFO | Officer | 40 | $92,070 |
Roy Putrino Chair | OfficerTrustee | 1 | $0 |
Debra Perry Immediate Past Chair | OfficerTrustee | 1 | $0 |
Keith Dawkins Secretary | OfficerTrustee | 1 | $0 |
Thomas J Shara Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,370 |
| Fundraising events | $232,743 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,037,236 |
| Noncash contributions included in lines 1a–1f | $240,929 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,284,349 |
| Total Program Service Revenue | $34,079 |
| Investment income | $455,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,073 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,560,520 |
| Net Income from Fundraising Events | -$38,205 |
| Net Income from Gaming Activities | $1,979 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,479,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,933,633 |
| 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 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 | $3,263 |
| Fees for services: Accounting | $11,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,703 |
| Advertising and promotion | $19,894 |
| Office expenses | $145,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,841 |
| 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 | $13,123 |
| All other expenses | $0 |
| Total functional expenses | $4,553,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,047 |
| Savings and temporary cash investments | $2,374,957 |
| Pledges and grants receivable | $1,978,607 |
| Accounts receivable, net | $42,475 |
| 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 | $10,001 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,786,381 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,451,468 |
| Accounts payable and accrued expenses | $129,449 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $408,867 |
| Total liabilities | $541,316 |
| Net assets without donor restrictions | $1,784,893 |
| Net assets with donor restrictions | $28,125,259 |
| 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 | $30,451,468 |
Grants Awarded
Over the last fiscal year, Ramapo College Foundation has awarded $3,933,633 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RAMAPO COLLEGE OF NEW JERSEY PURPOSE: TO PROVIDE RESOURCES TO RAMAPO COLLEGE FOR EDUCATIONAL PURPOSES. | $3,154,664 |
RAMAPO COLLEGE OF NEW JERSEY PURPOSE: TO PROVIDE FUNDS TO RAMAPO COLLEGE FOR SCHOLARSHIPS AND GRANTS TO STUDENTS | $778,969 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Ramapo College Foundation has recieved totaling $1,316,654.
| Awarding Organization | Amount |
|---|---|
Russell Berrie Foundation Teaneck, NJ PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $723,144 |
Stephen & Mary Birch Foundation Inc Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $158,000 |
Gross Foundation West Palm Beach, FL PURPOSE: UNRESTRICTED | $100,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $56,500 |
Shotmeyer Fam Foundation Inc Hawthorne, NJ PURPOSE: CAPITAL CAMPAIGN GRANT | $20,000 |
Endowment Analysis
| Beg. Balance | $20,158,039 |
| Earnings | $6,094,314 |
| Net Contributions | $516,936 |
| Other Expense | $278,054 |
| Grants | $594,670 |
| Ending Balance | $25,896,565 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Stockton Affiliated Services Inc Galloway, NJ | $3,017,488 | $12,674,409 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |