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← NEW JERSEY ASSOCIATION OF STATE COLLEGE AND UNIVERSITIES INC

Form 990 for tax year 2022

Filed by NEW JERSEY ASSOCIATION OF STATE COLLEGE AND UNIVERSITIES INC.

Totals

Total revenue
$365,765
Total expenses
$465,341
Contributions and grants received
$333,501
Grants paid
$0
Program service revenue
$0
Investment income
$32,264
Other revenue
$0
Total assets, end of year
$903,844
Total liabilities, end of year
$62,565
Net assets or fund balances, end of year
$841,279
Program services expenses (Part IX)
$349,005
Management and general expenses
$116,336
Fundraising expenses
$0
Program service expenses (Part III)
$349,005

Program services were 75.0% 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.

  • 1b · Membership dues

    $333,501

  • 3 · Investment income

    total $32,264 · excluded $32,264

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $21,000 · management and general $21,000

  • 11g · Fees: other

    total $5,502 · program services $4,428 · management and general $1,074

  • 13 · Office expenses

    total $14,975 · program services $11,231 · management and general $3,744

  • 16 · Occupancy

    total $125,353 · program services $94,015 · management and general $31,338

  • 17 · Travel

    total $3,801 · program services $2,851 · management and general $950

  • 19 · Conferences, conventions and meetings

    total $4,089 · program services $3,066 · management and general $1,023

  • 23 · Insurance

    total $1,202 · program services $901 · management and general $301

  • 24a · Other expenses: PURCHASED SERVICES

    total $282,345 · program services $227,207 · management and general $55,138

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $7,074 · program services $5,306 · management and general $1,768

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $963,890 · end of year $852,596

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,241 · end of year $18,003

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

    $129,855

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

    $129,855

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $5,000 · end of year $33,245

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,276 · end of year $34,086

  • 25 · Other liabilities

    beginning of year $0 · end of year $28,479

  • 27 · Net assets without donor restrictions

    beginning of year $940,855 · end of year $841,279

Mission and programs · 2022

Mission

TO SUPPORT, REPRESENT, AND ADVOCATE ON BEHALF OF NJ'S SEVEN FOUR-YEAR PUBLIC INSTITUTIONS OF HIGHER EDUCATION.

Activities or mission (Part I)

TO ADVOCATE HIGHER EDUCATION AS A PUBLIC GOOD AND THE COLLECTIVE VALUE OF THE STATE COLLEGES/UNIVERSITIES IN SERVING THE PUBLIC INTEREST AND THE STATE OF NEW JERSEY.

  • THE NEW JERSEY ASSOCIATION OF STATE COLLEGES AND UNIVERSITIES (NJASCU), IS A NONGOVERNMENTAL ENTITY CREATED BY THE STATE LEGISLATURE [NJSA 18A:64-45 ET SEQ.] TO ADVANCE AND SUPPORT PUBLIC HIGHER EDUCATION IN NEW JERSEY. NJASCU'S PRIMARY MISSION IS TO REPRESENT ITS MEMBER INSTITUTIONS, ADVOCATE FOR HIGHER EDUCATION AS A PUBLIC GOOD, AND COMMUNICATE THE COLLECTIVE VALUE OF THE STATE COLLEGES/UNIVERSITIES IN SERVING THE PUBLIC INTEREST AND THE STATE OF NEW JERSEY.NJASCU ADVISES THE EXECUTIVE AND LEGISLATIVE BRANCHES OF STATE GOVERNMENT, AND OTHERS REGARDING MATTERS OF HIGHER EDUCATION POLICY AND SERVES AS A LIAISON TO ITS MEMBER INSTITUTIONS. THE ASSOCIATION SERVES AS THE PRINCIPAL INFORMATION RESOURCE ABOUT PUBLIC HIGHER EDUCATION IN NEW JERSEY AND THE CONTRIBUTIONS OF NEW JERSEY'S SEVEN SENIOR PUBLIC INSTITUTIONS OF HIGHER EDUCATION. NJASCU ROUTINELY COORDINATES COMMUNICATION AMONG ITS MEMBER INSTITUTIONS TO MAXIMIZE OPPORTUNITIES FOR COORDINATION AND COOPERATION.

    Expenses $349,005

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

Listed in Part VII

  • Adam J Sabath

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Madeleine Deininger

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kemi Alli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Maria Falca-Dodson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frederick L Gruel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carlos Lejnieks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linda Lewis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eugene Lepore

    EXECUTIVE DIRECTOR

    Total calculated
    $180,275
    From this org
    $180,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $180,275
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $180,275

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 VII, LINE 5
EUGENE LEPORE, EXECUTIVE DIRECTOR, IS EMPLOYED AND COMPENSATED BY NEW JERSEY CITY UNIVERSITY, AN UNRELATED PARTY. HE DEVOTES 100% OF HIS TIME TO NEW JERSEY ASSOCIATION OF STATE COLLEGES & UNIVERSITIES AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, HAS 100% OF HIS COMPENSATION ALLOCATED TO THE ORGANIZATION ($180,275).

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.

Provenance

Return type
form_990
Tax year
2022
Filed
19 March 2024
IRS schema version
2022v5.0
Source object
202430799349301723

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