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Nonprofiteer
← KEAN UNIVERSITY FOUNDATION INC

Form 990 for tax year 2024

Filed by KEAN UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$16,722,496
Total expenses
$12,104,531
Contributions and grants received
$7,793,746
Grants paid
$3,406,794
Program service revenue
$3,166,646
Investment income
$6,135,004
Other revenue
-$372,900
Total assets, end of year
$125,445,157
Total liabilities, end of year
$4,844,773
Net assets or fund balances, end of year
$120,600,384
Program services expenses (Part IX)
$6,773,719
Management and general expenses
$3,734,124
Fundraising expenses
$1,596,688
Program service expenses (Part III)
$6,773,719

Program services were 56.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WILLIAM MILLER

    CEO

    Total calculated
    $329,743
    From this org
    $315,750
    From related orgs
    $0
    Other
    $13,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,750
    Bonus
    $0
    Other
    $0
    Deferred
    $9,538
    Nontaxable benefits
    $4,455
    Filer's total
    $329,743
  • WILLIAM F LOEHNING

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25
  • MARK HILTWEIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25
  • LINDA D TUMA

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25
  • ANTHONY GIORDANO III

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25
  • ANGEL IHIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • ARTHUR WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • BARBARA SOBEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • BRIAN MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • CHARLES WAIMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • CHERYL QUINIO-BLODGETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • CHRISTINA CAREY DUNLEAVY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • DONALD BRADY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • LAMONT O REPOLLET ED D

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • EDWARDO ESPINAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • EDWARD A ESPOSITO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • GERALD TARANTOLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • HENRY RINDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • JAMES K ESTABROOK ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • KEVIN ALTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • LESLIE HARWOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • MARLON MATHEWS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • MIKE MILLAZZO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • PATRICIA DULINSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • SCOTT N SCHOBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • STEVE FASTOOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • CLARINDA JOSEPH-CUMBERBATCH

    COO

    Total calculated
    $204,485
    From this org
    $197,790
    From related orgs
    $0
    Other
    $6,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,790
    Bonus
    $0
    Other
    $0
    Deferred
    $6,695
    Nontaxable benefits
    $0
    Filer's total
    $204,485
  • EDWARD W AHART II

    CDO

    Total calculated
    $194,077
    From this org
    $177,000
    From related orgs
    $0
    Other
    $17,077
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,000
    Bonus
    $0
    Other
    $0
    Deferred
    $6,052
    Nontaxable benefits
    $11,025
    Filer's total
    $194,077
  • MOLLY MCGARRY

    SR DIRECTOR OF ANNUAL GIVING

    Total calculated
    $120,681
    From this org
    $120,681
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • OFELIA C GOMES

    DIRECTOR OF DATA MANAGEMENT

    Total calculated
    $110,551
    From this org
    $110,551
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · Compensation committee
  • 3 · Written employment contract
  • 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

No itemized grants to organizations on this return.

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.

  • KEAN UNIVERSITY

    501(C)(3) · UNIVERISTY THAT PROVIDES POST SECONDARY EDUCATION TO STUDENTS · NJ

Provenance

Return type
form_990
Tax year
2024
Filed
4 May 2026
IRS schema version
2024v5.5
Source object
202621249349300132

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