Skip to content
Nonprofiteer
← THE BLOOMSBURG UNIVERSITY FOUNDATION INC

Form 990 for tax year 2023

Filed by THE BLOOMSBURG UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$18,897,759
Total expenses
$9,713,710
Contributions and grants received
$13,839,126
Grants paid
$4,196,040
Program service revenue
$2,730,688
Investment income
$2,298,716
Other revenue
$29,229
Total assets, end of year
$111,148,107
Total liabilities, end of year
$16,817,997
Net assets or fund balances, end of year
$94,330,110
Program services expenses (Part IX)
$5,739,246
Management and general expenses
$1,407,591
Fundraising expenses
$2,566,873
Program service expenses (Part III)
$5,739,246

Program services were 59.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $13,839,126

  • 1g · Noncash contributions included above

    $29,962

  • 2a · Program service revenue: FEE FOR SERVICE

    total $2,554,580 · related or exempt $2,554,580

  • 2b · Program service revenue: PROGRAM ACTIVITIES

    total $176,108 · related or exempt $176,108

  • 3 · Investment income

    total $1,926,224 · excluded $1,926,224

  • 5 · Royalties

    total $59,629 · excluded $59,629

  • 6a · Gross rents

    real property $1,912,621

  • 6b · Less rental expenses

    real property $2,072,834

  • 6c · Rental income or loss

    real property -$160,213

  • 6d · Net rental income or loss

    total -$160,213 · related or exempt $149,678 · unrelated business -$309,891

  • 7a · Gross sales of assets other than inventory

    securities $11,238,515

  • 7b · Less cost or other basis and sales expenses

    securities $10,866,023

  • 7c · Gain or loss

    securities $372,492

  • 7d · Net gain or loss

    total $372,492 · excluded $372,492

  • 11a · Other revenue: UNRESTRICTED - MISC REVENUE

    total $129,813 · excluded $129,813

  • 11e · Other revenue, total

    $129,813

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,196,040 · program services $4,196,040

  • 5 · Compensation of officers, directors and key employees

    total $263,722 · program services $14,462 · management and general $71,824 · fundraising $177,436

  • 7 · Other salaries and wages

    total $1,684,169 · program services $107,922 · management and general $439,737 · fundraising $1,136,510

  • 8 · Pension plan contributions

    total $128,481 · program services $5,661 · management and general $36,612 · fundraising $86,208

  • 9 · Other employee benefits

    total $352,931 · program services $6,621 · management and general $106,066 · fundraising $240,244

  • 10 · Payroll taxes

    total $164,090 · program services $7,552 · management and general $52,066 · fundraising $104,472

  • 11f · Fees: investment management

    total $127,457 · management and general $127,457

  • 11g · Fees: other

    total $1,148,850 · program services $399,917 · management and general $316,540 · fundraising $432,393

  • 12 · Advertising and promotion

    total $247,699 · program services $242,189 · management and general $2,535 · fundraising $2,975

  • 16 · Occupancy

    total $42,997 · management and general $42,997

  • 17 · Travel

    total $329,222 · program services $255,400 · management and general $3,046 · fundraising $70,776

  • 20 · Interest

    total $88,460 · management and general $51,652 · fundraising $36,808

  • 22 · Depreciation, depletion and amortization

    total $87,401 · management and general $49,565 · fundraising $37,836

  • 23 · Insurance

    total $11,297 · management and general $6,322 · fundraising $4,975

  • 24a · Other expenses: SUPPLIES

    total $360,554 · program services $325,832 · management and general $16,188 · fundraising $18,534

  • 24b · Other expenses: MEALS AND REFRESHMENTS

    total $187,593 · program services $140,818 · management and general $9,739 · fundraising $37,036

  • 24c · Other expenses: OTHER EXPENSES

    total $113,081 · program services $19,117 · management and general $16,167 · fundraising $77,797

  • 24d · Other expenses: PRINTING AND PUBLICATIO

    total $102,149 · program services $16,077 · management and general $561 · fundraising $85,511

  • 24e · All other expenses

    total $77,517 · program services $1,638 · management and general $58,517 · fundraising $17,362

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $680,615 · end of year $1,645,867

  • 3 · Pledges and grants receivable

    beginning of year $8,502,877 · end of year $13,686,632

  • 9 · Prepaid expenses and deferred charges

    beginning of year $297,351 · end of year $737,296

  • 10a · Land, buildings and equipment: cost or other basis

    $23,842,313

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,619,636

  • 10c · Land, buildings and equipment, net

    beginning of year $18,817,659 · end of year $18,222,677

  • 11 · Investments: publicly traded securities

    beginning of year $65,892,856 · end of year $74,680,767

  • 15 · Other assets

    beginning of year $2,283,935 · end of year $2,174,868

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,001 · end of year $155,453

  • 23 · Secured mortgages and notes payable

    beginning of year $16,416,849 · end of year $16,028,880

  • 25 · Other liabilities

    beginning of year $768,544 · end of year $633,664

  • 27 · Net assets without donor restrictions

    beginning of year $2,739,126 · end of year $3,826,882

  • 28 · Net assets with donor restrictions

    beginning of year $76,489,773 · end of year $90,503,228

Mission and programs · 2023

Mission

THE BLOOMSBURG UNIVERSITY FOUNDATION, INC. INSPIRES AND STEWARDS PHILANTHROPY AND OTHER REVENUE GROWTH IN SUPPORT OF COMMONWEALTH UNIVERSITY.

Activities or mission (Part I)

SEE SCHEDULE O. THE BLOOMSBURG UNIVERSITY FOUNDATION, INC. INSPIRES AND STEWARDS PHILANTHROPY AND OTHER REVENUE GROWTH IN SUPPORT OF COMMONWEALTH UNIVERSITY - BLOOMSBURG.

  • SCHOLARSHIPS - THE BLOOMSBURG UNIVERSITY FOUNDATION (BUF) PROVIDES SCHOLARSHIPS AND AWARDS TO MORE THAN 1400 STUDENTS AT COMMONWEALTH UNIVERSITY (CU). THESE SCHOLARSHIPS PROVIDE RESOURCES TO HELP RECRUIT STUDENTS, REWARD INCOMING FRESHMEN FOR THEIR HARD WORK AND TO RETAIN RETURNING STUDENTS. THIS SUPPORT IS INSTRUMENTAL IN HELPING THE UNIVERSITY REACH ITS GOAL OF PROVIDING A QUALITY EDUCATIONAL EXPERIENCE AT AN AFFORDABLE COST. IT ALLOWS CU TO BE A PREMIER PUBLIC COMPREHENSIVE UNIVERSITY, RECOGNIZED AS A CENTER FOR THINKING, LEARNING AND ACADEMIC EXCELLENCE. IT ALSO HELPS OUR UNIVERSITY TO CONTINUE TO ANTICIPATE AND ADDRESS THE CHANGING NEEDS OF THE COMMONWEALTH AND TO BE A DIVERSE COMMUNITY THAT PRODUCES POSITIVE CHANGE AND ENCOURAGES A CULTURE OF GOOD STEWARDSHIP OF OUR RESOURCES AND THE ENVIRONMENT, DEVELOPING INDIVIDUALS WHO WILL BE CONTRIBUTING CITIZENS.

    Expenses $82,931

  • ACADEMIC PROJECTS - FUNDING PROVIDED BY THE BUF SUPPORTS A NUMBER OF ACADEMIC PROGRAMS THAT ENHANCE THE EDUCATIONAL EXPERIENCE FOR CU STUDENTS. PROJECTS FUNDED BY THE BUF COVER AREAS THAT INCLUDE, BUT ARE NOT LIMITED TO: ACADEMIC PROGRAMS, ADVANCEMENT AND DEVELOPMENT, TRAVEL, PUBLIC SERVICE, EXTERNAL RELATIONS, ARTWORK AND RESEARCH. THESE PROGRAMS SERVE AS THE FOUNDATION OF THE PRINCIPAL RESOURCES FOR CU FACULTY, STAFF AND STUDENTS. THEY SUPPORT THE UNIVERSITY'S EFFORTS TO EXPAND PROFESSIONAL DEVELOPMENT AND EXPERIENTIAL LEARNING OPPORTUNITIES THAT OCCUR BEYOND THE CLASSROOM SETTING AND ARE VITAL IN PREPARING CU STUDENTS TO ENTER A COMPETITIVE WORKFORCE.

    Expenses $3,186,412 · Grants $2,444,513

  • ATHLETIC PROJECTS - THE BUF PROVIDES SCHOLARSHIP AND PROGRAM SUPPORT TO APPROXIMATELY 340 STUDENT-ATHLETES OF BLOOMSBURG UNIVERSITY.

    Expenses $638,763 · Grants $382,953

  • OTHER PROJECTS - THE BUF PROVIDES PROGRAM SUPPORT AND FUNDING FOR FACULTY AND STAFF, FACULTY AND STAFF RECRUITMENT AND RESEARCH, AS WELL AS EMERGING OPPORTUNITIES TO ALLOW THE UNIVERSITY TO RESPOND DECISIVELY AND TO CAPITALIZE ON NEW AREAS OF ACADEMIC PROGRAMMING, STUDENT OPPORTUNITIES AND CAPITAL PROJECTS THAT WILL HELP TO ENSURE THE CONTINUED ADVANCEMENT AND SUCCESS OF COMMONWEALTH UNIVERSITY.ALUMNI ASSOCIATION - THE BUF PROVIDES ACTIVITIES AND PROGRAM SUPPORT FOR THE 75,000 ALUMNI OF COMMONWEALTH UNIVERSITY.ADMINISTRATIVE SUPPORT - THE BUF PROVIDES PROGRAMS TO ALL FACULTY AND STAFF OF COMMONWEALTH UNIVERSITY TO FURTHER DEVELOP THEIR SKILLS.LIBRARY PROJECTS - THE BUF PROVIDES SUPPORT TO THE STAFF AND STUDENTS OF THE CAMPUS LIBRARY TO ENSURE MATERIALS ARE AVAILABLE TO STUDENTS FOR THEIR EDUCATIONAL NEEDS.THE CALCULATED COST TO RAISE A DOLLAR AT BUF IS $0.19 WITH A RETURN ON INVESTMENT TO THE UNIVERSITY OF $4.39 PER EVERY DOLLAR.

    Expenses $1,831,140 · Grants $1,368,574 · Revenue $2,730,688

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Jones

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Michael Gillespie

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Craig Diehl

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Giuffre

    CORRESPONDING SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Susan Fetterman

    INTERIM SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Harold Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Boguski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Breiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maria Cannon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ronn Cort

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jahri Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon Gettel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Drew Hostetter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Juli Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christen Mowad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Mulka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joel Showalter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marc Steckel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Wolak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Irvin Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Zeigler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jerome Dvorak

    EXECUTIVE DIRECTOR

    Total calculated
    $263,723
    From this org
    $193,828
    From related orgs
    $0
    Other
    $69,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,828
    Bonus
    $0
    Other
    $0
    Deferred
    $10,710
    Nontaxable benefits
    $59,185
    Filer's total
    $263,723

  • Joseph Nemeth

    MAJOR GIFT OFFICER

    Total calculated
    $178,953
    From this org
    $117,495
    From related orgs
    $0
    Other
    $61,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,495
    Bonus
    $0
    Other
    $0
    Deferred
    $6,798
    Nontaxable benefits
    $54,660
    Filer's total
    $178,953

  • Stephanie Ulmer

    VP OF ADVANCEMENT

    Total calculated
    $181,726
    From this org
    $133,257
    From related orgs
    $0
    Other
    $48,469
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,257
    Bonus
    $0
    Other
    $0
    Deferred
    $7,492
    Nontaxable benefits
    $40,977
    Filer's total
    $181,726

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • COMMONWEALTH UNIVERSITY OF PENNSYLVANIA

    $4,196,040

    SCHOLARSHIPS/UNIVERSITY SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ENTREPRENEURIAL VENTURES LTD

    RENTAL REAL ESTATE · PA · income $119,698 · assets $529,592

    Directly controlled by THE BLOOMSBURG UNIVERITY FOUNDATION INC

  • ADVANCED STUDENT HOUSING LLC

    RENTAL REAL ESTATE · PA · income $226,776 · assets $1,819,080

    Directly controlled by THE BLOOMSBURG UNIVERITY FOUNDATION INC

  • 801 LIGHTSTREET LLC

    RENTAL REAL ESTATE · PA · income $170,626 · assets $1,671,516

    Directly controlled by THE BLOOMSBURG UNIVERITY FOUNDATION INC

  • 3 COUNTRY CLUB ROAD LLC

    RENTAL REAL ESTATE · PA · income $126,794 · assets $918,458

    Directly controlled by THE BLOOMSBURG UNIVERITY FOUNDATION INC

  • CARVER PLACE LLC

    RENTAL REAL ESTATE · PA · income $796,456 · assets $7,074,242

    Directly controlled by THE BLOOMSBURG UNIVERITY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
9 December 2024
IRS schema version
2023v5.1
Source object
202413459349300106

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.