2025-12-10T09:35:52-06:00 2025-06-30 232620120 CLIFTONLARSONALLEN LLP 1525 VALLEY CENTER PARKWAY STE 300 BETHLEHEM PA 180172285 990 2024-07-01 222826714 EAST STROUDSBURG UNIVERSITY FOUNDATION EAST 5704223333 200 PROSPECT STREET EAST STROUDSBURG PA 18301 RICHARD SANTORO EXECUTIVE DIRECTOR 5704223333 2025-12-08 1 0 CARY J GIACALONE II CPA P00371156 6104335501 2025-12-08 2024 2025-03-06 01:10:19Z RICHARD SANTORO 200 PROSPECT STREET EAST STROUDSBURG PA 18301 16837716 0 X WWW.ESUFOUNDATION.ORG X 1987 PA MISSION STATEMENT: TO SECURE PHILANTHROPIC SUPPORT BY CULTIVATING LASTING RELATIONSHIPS AND RESPONSIBLY STEWARDING ASSETS TO ADVANCE EAST STROUDSBURG UNIVERSITY'S INITIATIVES AND STRATEGIC PRIORITIES.VISION STATEMENT: TO EMPOWER ESU'S MISSION THROUGH SUSTAINABLE PHILANTHROPY THAT ALLOWS THE UNIVERSITY TO INFLUENCE A WORLD CLASS STANDARD IN HIGHER EDUCATION. CORE VALUES: INTEGRITY, EXCELLENCE, INCLUSIVE, COLLABORATIVE, ACCOUNTABLE 16 16 19 73 0 0 4572934 5274836 1170000 1225352 6868664 1440552 20000 10100 12631598 7950840 2643450 3050545 0 0 2521814 2635322 0 0 789573 1328846 1155108 6494110 6840975 6137488 1109865 39855374 44626578 2056494 2903754 37798880 41722824 TO SECURE PHILANTHROPIC SUPPORT BY CULTIVATING LASTING RELATIONSHIPS AND RESPONSIBLY STEWARDING ASSETS TO ADVANCE EAST STROUDSBURG UNIVERSITY'S INITIATIVES AND STRATEGIC PRIORITIES. 0 0 1864181 1798488 DONATIONS AND CONTRIBUTIONS WERE MADE TO VARIOUS ORGANIZATIONS WITHIN THE UNIVERSITY. THE MONIES ARE TO BE USED FOR EDUCATIONAL ADVANCEMENT PURPOSES. 1252057 1252057 SCHOLARSHIPS TO THE STUDENTS OF EAST STROUDSBURG UNIVERSITY. 1851095 1225352 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. 4967333 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 17 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X MELISSA DAVIS 5704223333 200 PROSPECT ST EAST STROUDSBURG PA 18301 RICHARD SANTORO EXECUTIVE DIRECTOR 40.00 X 212846 0 44877 MELISSA DAVIS CFO 40.00 X 121893 0 40815 MARYELLEN DICKEY CHAIRMAN 1.00 X X 0 0 0 ANTHONY RUIZ VICE CHAIRMAN 1.00 X X 0 0 0 ALFREDO GARCIA TREASURER 1.00 X X 0 0 0 ROBERT MOSES SECRETARY 1.00 X 0 0 0 GLENN CLARK DIRECTOR ALUMNI LIAISON 1.00 X 0 0 0 ANTHONY DRAGO FACULTY LIASON 1.00 X 0 0 0 JOHN J PEKAROVSKY III DIRECTOR COUNCIL OF TRUSTEES LIAISON 1.00 X 0 0 0 GEORGE FIELDS DIRECTOR 1.00 X 0 0 0 RAYMOND HAMLIN DIRECTOR 1.00 X 0 0 0 WENDY JANKOSKI DIRECTOR 1.00 X 0 0 0 DOUGLAS LEONZI DIRECTOR 1.00 X 0 0 0 CHRISTOPHER PARADYSZ DIRECTOR 1.00 X 0 0 0 LESLIE WILSON DIRECTOR 1.00 X 0 0 0 ERIC WYATT DIRECTOR 1.00 X 0 0 0 RORY YANCHEK DIRECTOR 1.00 X 0 0 0 SEAN FRAZIER DIRECTOR 1.00 X 0 0 0 334739 0 85692 2 0 1 0 0 5274836 36799 5274836 SERVICE FEES INCOME 541900 1225352 1225352 1225352 1147058 1147058 10100 10100 9180370 8886876 293494 293494 293494 7950840 1225352 0 1450652 3050545 3050545 539113 268474 270639 1825561 1152587 378512 294462 50095 45995 4078 22 135939 105178 12458 18303 84614 43249 22011 19354 11076 11076 40050 40050 42300 42300 126619 126619 188393 56359 34866 97168 29264 921 27230 1113 197741 113849 33644 50248 25000 25000 10167 1981 10 8176 12344 3736 3336 5272 4212 4212 PUBLIC RELATIONS 341885 324451 6148 11286 DIRECT UNIVERSITY COSTS 65693 65693 AMORTIZATION BOND PREMI 37374 37374 MISCELLANEOUS 12663 4225 8438 10327 2789 2446 5092 6840975 4967333 1084069 789573 198179 1323080 2205045 2341076 3742833 3300580 44838 48955 25419 25419 0 0 31964479 35727649 1700000 1885238 39855374 44626578 77391 116389 1979103 2787365 2056494 2903754 X 7270194 9109840 30528686 32612984 37798880 41722824 39855374 44626578 X 1109865 2829479 -15400 X X 1 X 1 X 1 0 X 3481476 3474498 5726877 4572934 5274836 22530621 3481476 3474498 5726877 4572934 5274836 22530621 1237942 21292679 560851 674142 785181 1141420 1157158 4318752 26849373 5860352 0.79300 0.75160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42000 42000 6798713 6840713 492036 123009 0 0 387453 446578 478131 492036 1804198 2706297 42000 42000 42000 42000 168000 96863 111645 119533 123009 451050 676575 0 24584919 673750 2332013 743084 26847598 23817239 532525 920848 685693 24584919 22000139 618038 1868213 669151 23817239 25006439 629993 -2993571 642722 22000139 20177594 552196 4872514 595865 25006439 0.30000 0.70000 0 0 25419 25419 0 0 SPLIT INTEREST ANNUITY AGREEMENTS 214618 ACCOUNTS PAYABLE - AFFILIATE 2572747 2787365 X 11052982 2829479 414682 -15400 3228761 7824221 126619 126619 7950840 7129038 414682 414682 6714356 126619 126619 6840975 PART V, LINE 4: THE FOUNDATION'S PERMANENTLY RESTRICTED ENDOWMENT CONSISTS OF VARIOUS FUNDS INTENDED BY THE RESPECTIVE DONORS TO BE HELD IN PERPETUITY IN SUPPORT OF SCHOLARSHIPS OR OTHER ACTIVITIES OF THE FOUNDATION OR UNIVERSITY. THE TEMPORARILY RESTRICTED BALANCE RELATED TO THESE FUNDS REPRESENT THE NET OF ACCUMULATED EARNINGS ON THE FUNDS PROVIDED OFFSET BY EXPENDITURES WHICH MEET THE DONORS REQUIREMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH THE ENDOWMENTS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS SINCE THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AND SIMILAR STATE PROVISIONS. HOWEVER, INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE, IF ANY, WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION COMPLIES WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. AS OF JUNE 30, 2025 AND 2024, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -15,400. 1 EAST STROUDSBURG UNIVERSITY 200 PROSPECT STREET EAST STROUDSBURG PA 18301 232504462 STATE OF PA 1798488 0 DONATIONS AND CONTRIBUTIONS WERE MADE TO VARIOUS ORGANIZATIONS WITHIN THE UNIVERSITY. THE MONIES ARE TO BE USED FOR EDUCATIONAL ADVANCEMENT PURPOSES. EAST STROUDSBURG UNIVERSITY 200 PROSPECT STREET EAST STROUDSBURG PA 18301 232504462 STATE OF PA 1252057 0 SCHOLARSHIPS 1 0 PART I, LINE 2: SCHOLARSHIP FUNDING IS PROVIDED TO SUPPORT SCHOLARSHIPS TO EAST STROUDSBURG UNIVERSITY STUDENTS. ORGANIZATION IS THEN PROVIDED A LISTING OF THE STUDENTS AWARDED THE SCHOLARSHIPS BY ESU. X X X 0 0 0 0 0 0 0 0 0 RICHARD SANTORO EXECUTIVE DIRECTOR 212846 0 0 0 0 0 20117 0 24760 0 257723 0 0 0 MELISSA DAVIS CFO 121893 0 0 0 0 0 11754 0 29061 0 162708 0 0 0 X 4 36152 FAIR MARKET VALUE X MISCELLANEOUS 2 647 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A PER THE BY-LAWS, ARTICLE IV, SECTION 4.1, THE BUSINESS AND AFFAIRS OF THE FOUNDATION, WHILE THE BOARD IS NOT IN SESSION, SHALL BE VESTED IN AN EXECUTIVE COMMITTEE WHICH SHALL HAVE AND MAY EXERCISE ALL THE POWERS OF THE BOARD OF DIRECTORS EXCEPT THE POWER TO MAKE, ALTER, OR AMEND THE ARTICLES OF INCORPORATION OR BY-LAWS OF THE FOUNDATION, AND SHALL HAVE THE POWER TO AUTHORIZE THE SEAL OF THE CORPORATION AND TO BE AFFIXED TO ALL PAPERS WHICH MAY REQUIRE IT. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE FOUNDATION, TWO (2) MEMBERS OF THE BOARD OF DIRECTORS APPOINTED BY THE CHAIRPERSON, THE IMMEDIATE PAST CHAIRPERSON OF THE FOUNDATION AS A NON-VOTING MEMBER AND THE EXECUTIVE DIRECTOR AS AN EX-OFFICIO NON-VOTING MEMBER. FORM 990, PART VI, SECTION A, LINE 1A GOVERNING BODY: CHAIR, VICE CHAIR, TREASURER, SECRETARY, AND GENERAL BODY: TWO AT LARGE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 GOES TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL AND THEN THE FULL BOARD FOR APPROVAL TO FILE. FORM 990, PART VI, SECTION B, LINE 11B GOES TO FINANCE COMMITTEE FOR REVIEW AND APPROVAL AND THEN THE FULL BOARD FOR APPROVAL TO FILE. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY WHICH IS REVIEWED BY THE BOARD ON AN ANNUAL BASIS. NEW BOARD MEMBERS ARE REQUIRED TO SIGN UPON APPOINTMENT TO THE BOARD. THE PURPOSE OF THE POLICY IS TO PROVIDE FOR DISCLOSURE OF ANY ACTUAL OR POTENETIAL CONFLICT. THE POLICY REQUIRES THAT ALL POTENTIAL CONFLICTS OF INTEREST INCLUDING MEMBERSHIPS IN/OR AFFILIATIONS WITH OTHER NONPROFIT OR PROPRIETARY ORGANIZATIONS, BUSINESS AFFILIATIONS WITH POSSIBLE VENDOR IMPLICATIONS, ELECTED OFFICE AT ANY LEVEL, AND INVOLVEMENT IN ANY OTHER ACTIVITY THAT MIGHT BE CONSTRUED AS IN CONFLICT WITH THE MISSION, GOALS, AND PURPOSE OF THE FOUNDATION SHALL BE PRESENTED IN WRITING TO THE FOUNDATION'S EXECUTIVE DIRECTOR/VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT FOR PURPOSES OF REVIEW AND POSSIBLE REMEDIAL ACTION. SUCH ACTION MAY REQUIRE INDIVIDUAL TO RELINQUISH FOUNDATION DIRECTORSHIP. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DETERMINES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND CFO THROUGH COMPARABILITY DATA, SUBSTANTIATION AND DELIBERATION AND A REVIEW OF THE COMPENSATION BY INDEPENDENT PERSONS. THIS PROCESS WAS LAST COMPLETED IN 2025. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THEIR FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -15,400. FORM 990 PART XI LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. IT HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE FILING YEAR.