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Nonprofiteer
← EAST STROUDSBURG UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by EAST STROUDSBURG UNIVERSITY FOUNDATION.

Totals

Total revenue
$9,519,217
Total expenses
$5,931,568
Contributions and grants received
$5,726,877
Grants paid
$2,506,274
Program service revenue
$1,170,000
Investment income
$2,601,240
Other revenue
$21,100
Total assets, end of year
$36,820,800
Total liabilities, end of year
$894,416
Net assets or fund balances, end of year
$35,926,384
Program services expenses (Part IX)
$4,111,014
Management and general expenses
$1,060,763
Fundraising expenses
$759,791
Program service expenses (Part III)
$4,111,014

Program services were 69.3% 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.

  • 1e · Government grants (contributions)

    $1,398,550

  • 1f · All other contributions, gifts and grants

    $4,328,327

  • 1g · Noncash contributions included above

    $94,000

  • 2a · Program service revenue: SERVICE FEES INCOME

    total $1,170,000 · related or exempt $1,170,000

  • 3 · Investment income

    total $764,081 · excluded $764,081

  • 5 · Royalties

    total $21,100 · excluded $21,100

  • 7a · Gross sales of assets other than inventory

    securities $7,416,961

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

    securities $5,579,802

  • 7c · Gain or loss

    securities $1,837,159

  • 7d · Net gain or loss

    total $1,837,159 · excluded $1,837,159

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,396,749 · program services $1,396,749

  • 2 · Grants to domestic individuals

    total $1,109,525 · program services $1,109,525

  • 5 · Compensation of officers, directors and key employees

    total $409,410 · program services $146,877 · management and general $174,512 · fundraising $88,021

  • 7 · Other salaries and wages

    total $1,494,868 · program services $809,421 · management and general $200,362 · fundraising $485,085

  • 8 · Pension plan contributions

    total $53,524 · management and general $53,524

  • 9 · Other employee benefits

    total $122,092 · management and general $122,092

  • 10 · Payroll taxes

    total $79,832 · management and general $79,832

  • 11b · Fees: legal

    total $117,177 · management and general $117,177

  • 11c · Fees: accounting

    total $32,500 · management and general $32,500

  • 11d · Fees: lobbying

    total $42,000 · management and general $42,000

  • 11f · Fees: investment management

    total $114,906 · management and general $114,906

  • 11g · Fees: other

    total $148,946 · program services $45,427 · management and general $26,652 · fundraising $76,867

  • 12 · Advertising and promotion

    total $27,834 · program services $23,816 · management and general $2,526 · fundraising $1,492

  • 13 · Office expenses

    total $217,550 · program services $105,025 · management and general $31,485 · fundraising $81,040

  • 16 · Occupancy

    total $25,000 · management and general $25,000

  • 17 · Travel

    total $11,273 · program services $2,997 · management and general $43 · fundraising $8,233

  • 19 · Conferences, conventions and meetings

    total $16,012 · program services $8,227 · management and general $1,286 · fundraising $6,499

  • 23 · Insurance

    total $3,872 · management and general $3,872

  • 24a · Other expenses: PUBLIC RELATIONS

    total $394,374 · program services $379,993 · management and general $6,380 · fundraising $8,001

  • 24b · Other expenses: DIRECT UNIVERSITY COSTS

    total $80,911 · program services $80,911

  • 24c · Other expenses: AMORTIZATION BOND PREMI

    total $18,395 · management and general $18,395

  • 24d · Other expenses: MISCELLANEOUS

    total $6,524 · management and general $5,984 · fundraising $540

  • 24e · All other expenses

    total $8,294 · program services $2,046 · management and general $2,235 · fundraising $4,013

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $950,060 · end of year $1,350,889

  • 2 · Savings and temporary cash investments

    beginning of year $1,543,376 · end of year $1,736,997

  • 3 · Pledges and grants receivable

    beginning of year $2,363,533 · end of year $2,012,445

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,331 · end of year $45,798

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

    $25,419

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

    $25,419

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $24,224,773 · end of year $31,674,671

  • 12 · Investments: other securities

    beginning of year $3,195,152

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,420 · end of year $129,837

  • 25 · Other liabilities

    beginning of year $493,941 · end of year $764,579

  • 27 · Net assets without donor restrictions

    beginning of year $4,198,243 · end of year $5,756,889

  • 28 · Net assets with donor restrictions

    beginning of year $27,549,621 · end of year $30,169,495

Mission and programs · 2022

Mission

ESU FOUNDATION IS DEDICATED TO SECURING AND STEWARDING PRIVATE GIFTS AND GRANTS THAT BENEFIT EAST STROUDSBURG UNIVERSITY AND THEN DISTRIBUTING THESE GIFTS IN THE FORM OF SCHOLARSHIPS, GRANTS AND ASSISTANCE TO THE STUDENTS AND FACULTY OF ESU.

Activities or mission (Part I)

TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE ESU OF PENNSYLVANIA.

  • ALL UNRESTRICTED FUNDS COLLECTED BY THE FOUNDATION ARE USED TO PROVIDE GIFTS AND GRANTS TO EAST STROUDSBURG UNIVERSITY, ITS FACULTY AND STUDENTS AND TO PAY THE FOUNDATION'S OPERATIONAL COSTS.

    Expenses $1,604,740 · Revenue $1,170,000

  • DONATIONS AND CONTRIBUTIONS WERE MADE TO VARIOUS ORGANIZATIONS WITHIN THE UNIVERSITY. THE MONIES ARE TO BE USED FOR EDUCATIONAL ADVANCEMENT PURPOSES.

    Expenses $1,396,749 · Grants $1,396,749

  • SCHOLARSHIPS TO THE STUDENTS OF EAST STROUDSBURG UNIVERSITY.

    Expenses $1,109,525 · Grants $1,109,525

As filed on the 2022 return.

Listed in Part VII

  • ROBERT H WILLEVER

    DIRECTOR - EMERITI

    Total calculated
    $0
    Hours/week
    1

  • MARYELLEN DICKEY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER YEAGER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROBERT A SHEBELSKY

    DIRECTOR - EMERITI

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM CRAMER

    DIRECTOR - EMERITI

    Total calculated
    $0
    Hours/week
    0

  • GLENN CLARK

    ALUMNI LIAISON

    Total calculated
    $0
    Hours/week
    1

  • RAYMOND HAMLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS LEONZI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN J PEKAROVSKY III

    COUNCIL OF TRUSTEES LIAISO

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH LEIGH SMITH

    FACULTY LIAISON

    Total calculated
    $0
    Hours/week
    1

  • ADAM STAUFFER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • LESLIE WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WENDY JANKOSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MOSES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALFREDO GARCIA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN SOMERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC WYATT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RORY YANCHEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROSEMARY OLOFSSON

    DIRECTOR - EMERITI

    Total calculated
    $0
    Hours/week
    0

  • CHRISTOPHER PARADYSZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY RUIZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD SANTORO

    EXECUTIVE DIRECTOR

    Total calculated
    $232,816
    From this org
    $194,804
    From related orgs
    $0
    Other
    $38,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,804
    Bonus
    $0
    Other
    $0
    Deferred
    $18,422
    Nontaxable benefits
    $19,590
    Filer's total
    $232,816

  • MELISSA DAVIS

    CFO

    Total calculated
    $148,672
    From this org
    $112,972
    From related orgs
    $0
    Other
    $35,700
    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 · 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

  • EAST STROUDSBURG UNIVERSITY

    $1,396,749

    DONATIONS AND CONTRIBUTIONS WERE MADE TO VARIOUS ORGANIZATIONS WITHIN THE UNIVERSITY. THE MONIES ARE TO BE USED FOR EDUCATIONAL ADVANCEMENT PURPOSES.

Provenance

Return type
form_990
Tax year
2022
Filed
21 November 2023
IRS schema version
2022v5.0
Source object
202313389349300621

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