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Nonprofiteer
← ROWAN GLOBAL INC

Form 990 for tax year 2022

Filed by ROWAN GLOBAL INC.

Totals

Total revenue
$93,631
Total expenses
$248,685
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$93,631
Other revenue
$0
Total assets, end of year
$4,100,597
Total liabilities, end of year
$5,018,713
Net assets or fund balances, end of year
-$918,116
Program services expenses (Part IX)
$0
Management and general expenses
$248,685
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $93,631 · excluded $93,631

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $62,034 · management and general $62,034

  • 11c · Fees: accounting

    total $24,700 · management and general $24,700

  • 11g · Fees: other

    total $48,245 · management and general $48,245

  • 13 · Office expenses

    total $1,545 · management and general $1,545

  • 17 · Travel

    total $579 · management and general $579

  • 20 · Interest

    total $107,648 · management and general $107,648

  • 23 · Insurance

    total $3,934 · management and general $3,934

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,812,014 · end of year $3,639,122

  • 12 · Investments: other securities

    beginning of year $0 · end of year $461,475

  • 15 · Other assets

    beginning of year $5,860 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,411 · end of year $18,713

  • 25 · Other liabilities

    beginning of year $5,000,000 · end of year $5,000,000

  • 27 · Net assets without donor restrictions

    beginning of year -$224,537 · end of year -$918,116

Mission and programs · 2022

Mission

TO PROVIDE STRATEGIC COORDINATION AND MANAGEMENT OF ROWAN UNIVERSITY'S EXPANSION OF EDUCATIONAL SERVICES TO NON-TRADITIONAL STUDENTS, INCLUDING ADULT LEARNERS, AND OTHER INDIVIDUALS, GROUPS, AND ORGANIZATION, USING INNOVATIVE STRUCTURES, METHODOLOGIES, TECHNOLOGY, AND PROTOCOLS.

Activities or mission (Part I)

TO PROVIDE PLANNING AND STRATEGIC MANAGEMENT FOR THE INSTITUTIONAL OUTREACH OF ROWAN UNIVERSITY.

  • THE ORGANIZATION WAS FORMED IN JULY 2021 AS A SUPPORTING ORGANIZATION OF ROWAN UNIVERSITY. DURING ITS SECOND YEAR, THE ORGANIZATION FOCUSED PRIMARILY ON ORGANIZATIONAL AND OPERATIONAL ACTIVITIES. IN ADDITION, THE ORGANIZATION EMBARKED ON THE FORMATION OF ALLIANCES WITH TAX-EXEMPT HIGHER EDUCATIONAL INSTITUTIONS SERVING DIVERSE STUDENT POPULATIONS. SUCH INSTITUTIONS WILL BENEFIT FROM COORDINATED STRATEGIC PLANNING AND MANAGEMENT, AS EDUCATIONAL DELIVERY SYSTEMS CHANGE TO MEET MODERN NEEDS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOSEPH F SCULLY JR

    TREASURER

    Total calculated
    $405,336
    From this org
    $0
    From related orgs
    $361,378
    Other
    $43,958
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,718 related
    Bonus
    $0
    Other
    $0 + $45,660 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $29,958 related
    Filer's total
    $0 + $405,336 related

  • RONALD JOSEPH TALLARIDA

    CHAIRPERSON

    Total calculated
    $312,100
    From this org
    $0
    From related orgs
    $298,100
    Other
    $14,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,196 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $15,904 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $312,100 related

  • JOHN BENNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN JEFFREY HAND

    DIRECTOR

    Total calculated
    $317,651
    From this org
    $0
    From related orgs
    $292,929
    Other
    $24,722
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,721 related
    Bonus
    $0
    Other
    $0 + $14,208 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $10,722 related
    Filer's total
    $0 + $317,651 related

  • ANTHONY LOWMAN

    DIRECTOR

    Total calculated
    $425,045
    From this org
    $0
    From related orgs
    $390,981
    Other
    $34,064
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $386,038 related
    Bonus
    $0
    Other
    $0 + $4,943 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $20,064 related
    Filer's total
    $0 + $425,045 related

  • MARCELO PARRAVICINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA WHEATCROFT

    DIRECTOR

    Total calculated
    $297,144
    From this org
    $0
    From related orgs
    $283,144
    Other
    $14,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,328 related
    Bonus
    $0
    Other
    $0 + $6,816 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $297,144 related

  • HORACIO SOSA

    PRESIDENT & CEO

    Total calculated
    $333,779
    From this org
    $0
    From related orgs
    $298,465
    Other
    $35,314
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,076 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $13,389 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $21,314 related
    Filer's total
    $0 + $333,779 related

  • ELYSE CRAWFORD

    SECRETARY THRU JAN 2023

    Total calculated
    $189,711
    From this org
    $0
    From related orgs
    $147,271
    Other
    $42,440
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,387 related
    Bonus
    $0
    Other
    $0 + $884 related
    Deferred
    $0 + $12,470 related
    Nontaxable benefits
    $0 + $29,970 related
    Filer's total
    $0 + $189,711 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S PRESIDENT, DR. HORACIO A. SOSA, WAS COMPENSATED BY A RELATED ORGANIZATION, ROWAN UNIVERSITY. HIS COMPENSATION WAS DETERMINED THROUGH ROWAN UNIVERSITY'S SALARY REVIEW PROCESS, WHICH INCLUDES A REVIEW BY THE UNIVERSITY'S CHIEF HUMAN RESOURCE OFFICER, CHIEF FINANCIAL OFFICER AND THE PRESIDENT OF THE UNIVERSITY. THIS REVIEW INCLUDED THE USE OF COMPARABILITY DATA FOR BOTH INTERNAL AND EXTERNAL COMPENSATION EQUITY.

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ROWAN EDUCATION MANAGEMENT SERVICES

    C · PLANNING AND STRATEGIC MANAGEMENT · DE · 100% owned · share of assets $1,000,000 · controlled entity

    Directly controlled by ROWAN GLOBAL INC

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202441309349305459

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