2024-05-15T20:46:00-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2022-07-01 237138731 RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION RARI 9085261200 PO BOX 3300 SOMERVILLE NJ 08876 JOHN TROJAN TREASURER 9085261200 2024-05-15 1 JOHN TROJAN 999009999 1 GARRETT M HIGGINS P00543209 2017129800 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN TROJAN PO BOX 3300 SOMERVILLE NJ 08876 1570742 0 X N/A X 1971 NJ THE MISSION OF THE FOUNDATION IS TO RAISE FUNDS ABOVE AND BEYOND THE PUBLIC TUITION SOURCES AND TO PROMOTE AWARENESS OF THE INSTITUTION. THE FOUNDATION DIRECTS THESE FUNDS TO ASSIST THE COLLEGE IN PROVIDING AFFORDABLE, ACCESSIBLE AND QUALITY EDUCATIONAL AND CULTURAL EXPERIENCES TO THE COMMUNITY. 24 22 0 120 0 0 807314 929962 0 0 135886 119970 16285 0 959485 1049932 885021 1010574 0 0 0 0 0 0 31770 189804 185035 1074825 1195609 -115340 -145677 4929209 4990871 49737 56994 4879472 4933877 X THE MISSION OF THE FOUNDATION IS TO RAISE FUNDS ABOVE AND BEYOND PUBLIC TUITION SOURCES AND TO PROMOTE AWARENESS OF THE INSTITUTION. THE FOUNDATION DIRECTS THESE FUNDS TO ASSIST THE COLLEGE IN PROVIDING AFFORDABLE, ACCESSIBLE AND QUALITY EDUCATIONAL AND CULTURAL EXPERIENCES TO THE COMMUNITY. 0 0 1016574 1010574 0 EDUCATIONAL ACTIVITIES AND ASSISTANCE TO RARITAN VALLEY COMMUNITY COLLEGE'S 6,321 STUDENTS. 1016574 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 3 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 NJ X JOHN TROJAN 9085261200 PO BOX 3300 SOMERVILLE NJ 08876 DR MICHAEL J MCDONOUGH DIRECTOR (EX-OFFICIO) 2.00 37.50 X 0 365521 87688 JOHN TROJAN TREASURER 3.00 37.50 X X 0 225967 33013 ALLAN BOOMER CHAIR 3.00 0.00 X X 0 0 0 ELISSA SANTO VICE CHAIR 3.00 0.00 X X 0 0 0 GARY WOODRING ASSISTANT TREASURER 3.00 0.00 X X 0 0 0 ANDREW BORKIN SECRETARY, THRU 04/2023 3.00 0.00 X X 0 0 0 RICH BERLINER DIRECTOR 2.00 0.00 X 0 0 0 DAVID BUNEVICH DIRECTOR 2.00 0.00 X 0 0 0 ANTHONY V CAVA DIRECTOR, THRU 01/2023 2.00 0.00 X 0 0 0 VINCE CIRIANNI DIRECTOR 2.00 0.00 X 0 0 0 ALYSSA DARDEN DIRECTOR 2.00 0.00 X 0 0 0 PATRICK J DELANEY MBA DIRECTOR 2.00 0.00 X 0 0 0 CHERYL A ERRICO DIRECTOR, THRU 08/2022 2.00 0.00 X 0 0 0 SEBASTIAN GALVEZ DIRECTOR 2.00 0.00 X 0 0 0 PAIGE GREENFIELD DIRECTOR 2.00 0.00 X 0 0 0 JOEL F REYES-GUZMAN DIRECTOR 2.00 0.00 X 0 0 0 PARAG S JATEGAONKAR DIRECTOR 2.00 0.00 X 0 0 0 STACEY KIMMINS DIRECTOR 2.00 0.00 X 0 0 0 JOMIL LONDON DIRECTOR 2.00 0.00 X 0 0 0 GENE C MCCARTHY DIRECTOR 2.00 0.00 X 0 0 0 RAQUEL MURA DIRECTOR 2.00 0.00 X 0 0 0 JEANNE K PERANTONI DIRECTOR 2.00 0.00 X 0 0 0 PAUL STRAMAGLIA DIRECTOR 2.00 0.00 X 0 0 0 STEVEN A REICHMAN DIRECTOR 2.00 0.00 X 0 0 0 ERIKA TOOMAN ESQ DIRECTOR 2.00 0.00 X 0 0 0 JIMENA TORRES DIRECTOR 2.00 0.00 X 0 0 0 DAN VAN TRAN DIRECTOR 2.00 0.00 X 0 0 0 MICHAEL MARION EXECUTIVE DIRECTOR 2.00 37.50 X 0 186432 14666 0 777920 135367 0 0 1 0 0 76522 853440 29217 929962 102521 102521 471413 453964 17449 17449 17449 66846 76522 66846 0 1049932 0 0 119970 525112 525112 485462 485462 16924 16924 6000 6000 ADMINISTRATIVE EXPENSES 130341 130341 PRIZES & AWARDS 23162 23162 STUDENT ACTIVITIES 8608 8608 1195609 1016574 147265 31770 6062 33494 968828 981126 543637 382239 3406682 3589857 4000 4155 4929209 4990871 34999 15916 14738 41078 49737 56994 X 125771 74189 4753701 4859688 4879472 4933877 4929209 4990871 -145677 200082 0 X X 0 1 X 1 0 X 1074058 968935 1283156 807314 929962 5063425 1074058 968935 1283156 807314 929962 5063425 1173679 3889746 78938 99586 74283 81616 102521 436944 16088 16285 32373 5532742 0.70300 0.73180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1138316 21020 19996 11059 1168273 1134564 -3500 12752 5500 1138316 1122851 2000 14593 4880 1134564 1108738 1000 19863 6750 1122851 1075343 26181 14774 7560 1108738 0.00000 1.00000 0.00000 0 0 0 DUE TO AFFILIATES 41078 41078 X 1582211 200082 337459 11662 549203 1033008 16924 16924 1049932 1527806 337459 11662 349121 1178685 16924 16924 1195609 PART V, LINE 4: ENDOWMENT FUNDS WILL BE USED FOR STUDENT SCHOLARSHIPS AND THE STUDENT EMERGENCY FUND (NORWESCAP LEGACY), AND TO SUPPORT THE CRECER STUDENT CLUB, THE HOLOCAUST CENTER, THE PLANETARIUM AND THE THEATRE. PART X, LINE 2: THE MOST SIGNIFICANT TAX POSITION OF THE FOUNDATION IS ITS ASSERTION THAT IT IS EXEMPT FROM INCOME TAXES. OTHER SIGNIFICANT TAX POSITIONS INCLUDE ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS TAX (UBIT). MANAGEMENT HAS DETERMINED THE FOUNDATION HAD NO ACTIVITIES SUBJECT TO UBIT IN THE YEARS ENDED JUNE 30, 2023 AND 2022. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION IS REQUIRED TO FILE FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) WHICH IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF THE TAX RETURN. THE FORMS 990 FOR 2020 THROUGH 2022 ARE OPEN TO EXAMINATION BY THE IRS AS OF JUNE 30, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE NETTED AGAINST REVENUE 11,662. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE NETTED AGAINST REVENUE 11,662. GOLF CLASSIC 2023 133268 67481 65787 65787 GOLF CLASSIC 2022 10100 9041 1059 1059 143368 76522 66846 66846 66846 0 1 RARITAN VALLEY COMMUNITY COLLEGE PO BOX 3300 SOMERVILLE NJ 08876 221815636 501(C)(3) 525112 0 STUDENT PROGRAMS 1 SCHOLARSHIPS 361 485462 PART I, LINE 2: GRANTS TO RARITAN VALLEY COMMUNITY COLLEGE AND SCHOLARSHIPS FUNDS ARE TRANSFERRED TO THE COLLEGE AND DEPOSITED INTO THE APPROPRIATE SCHOLARSHIP RESTRICTED FUND FOR THAT PURPOSE. THE COLLEGE THEN CLOSELY MONITORS SPENDING OF THOSE FUNDS BASED ON THE RESTRICTIONS OF THE FUND THAT RECEIVED THE MONEY. 0 0 0 0 0 0 0 0 0 DR MICHAEL J MCDONOUGH DIRECTOR (EX-OFFICIO) 0 277094 0 15000 0 73427 0 49000 0 38688 0 453209 0 0 JOHN TROJAN TREASURER 0 205547 0 0 0 20420 0 31726 0 1287 0 258980 0 0 MICHAEL MARION EXECUTIVE DIRECTOR 0 171934 0 0 0 14498 0 13379 0 1287 0 201098 0 0 X 5 681 COST X TICKETS/MEALS 13 19495 COST X MONITORS 60 6000 COST X GIFT CERTIFICATES 30 1470 COST X GOLF CLUBS 4 1096 COST X JEWELRY 1 475 COST 0 0 0 1 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I, COLUMN (B) IS THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: INVESTMENT BANK RECEIVES AND SELLS DONATED STOCKS. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW OF THE FORM 990 WILL BE CONDUCTED BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. THE FOUNDATION FINANCE COMMITTEE REVIEWS THE 990 AFTER IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL INTERESTED PERSONS WHO ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICT. THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, IS AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1023, FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990; PART XII; LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGE FROM THE PRIOR YEAR. RARITAN VALLEY COMMUNITY COLLEGE PO BOX 3300 SOMERVILLE NJ 08876 221815636 EDUCATION NJ 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0