Nonprofit · EIN 22-1815636
RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE
Tax-exempt · SOMERVILLE, NJ 08876
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $86,622,547 | $85,694,418 | $928,129 | $111,444,638 | $29,575,439 | $81,869,199 |
| June 30, 2024 | 990 | $81,995,945 | $78,818,464 | $3,177,481 | $112,602,068 | $31,660,998 | $80,941,070 |
| June 30, 2023 | 990 | $83,807,368 | $72,611,690 | $11,195,678 | $112,053,232 | $34,289,643 | $77,763,589 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $48,366,791
- of which government grants
- $48,366,791
- Program service revenue
- $37,518,809
- Investment income
- $466,911
- Other revenue
- $270,036
Expenses
- Grants and similar amounts paid
- $15,331,195
- Compensation of officers, directors and key employees
- $976,377
- Other salaries and wages
- $35,059,158
- Salaries, compensation and benefits (total)
- $48,246,356
- Professional fundraising fees
- $0
- Legal fees
- $66,541
- Accounting fees
- $69,829
- Occupancy
- $2,897,537
- Travel
- $162,186
- Depreciation
- $5,950,032
- Program services (functional)
- $71,348,240
- Management and general (functional)
- $14,346,178
Balance sheet and other
- Total assets, start of year
- $112,602,068
- Total assets, end of year
- $111,444,638
- Total liabilities, end of year
- $29,575,439
- Net assets, end of year
- $81,869,199
- Land, buildings and equipment
- $77,938,583
- Net assets without donor restrictions
- $81,869,199
- Gross receipts
- $86,622,547
- Employees
- 1,072
- Volunteers
- 200
- Year formed
- 1966
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael J McDonough PhD | President Officer | 37.5 | $399,108 | $103,584 |
| John Trojan | V.P. Finance and Facilities Officer | 37.5 | $244,041 | $36,683 |
| Karen Bearce PHD | Provost/V.P. Academic Affairs Key employee | 37.5 | $197,164 | $52,108 |
| Patrice Marks | Dean of LFA & BPS, ALO Highest-paid employee | 37.5 | $186,419 | $30,832 |
| Sarah Imgriglio PHD | Dean of STEM Key employee | 37.5 | $158,414 | $55,526 |
| Michael Marion | Executive Dir RVCC Foundation Highest-paid employee | 37.5 | $197,435 | $15,386 |
| Robert Pescinski | Executive Dir. Tech Services Highest-paid employee | 37.5 | $167,626 | $44,807 |
| Cheryl Wallace | V.P. of HR, Administation Highest-paid employee | 37.5 | $187,754 | $14,139 |
| Jason Federicks | V.P. Student Affairs Highest-paid employee | 37.5 | $170,356 | $14,110 |
| Zenon Christodoulou | Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Roger Locandro | Vice Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Helena Swanicke | Vice Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Thomas P Borkowski | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Margaret Wolan Sullivan | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Caren Bateman | Trustee Trustee or director | 2 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jinnee DeMarco | Trustee Trustee or director | 2 | $0 |
| Michael Goldberg | Trustee Trustee or director | 2 | $0 |
| Roger Jinks | Trustee Trustee or director | 2 | $0 |
| Nidhi Makhija | Trustee Trustee or director | 2 | $0 |
| Howard Opdyke | Trustee Trustee or director | 2 | $0 |
| Adam Shain | Trustee Trustee or director | 2 | $0 |
| Juan Torres | Trustee Trustee or director | 2 | $0 |
| James Von Schilling | Trustee Trustee or director | 2 | $0 |
| Victor Komosinki | Trustee Trustee or director | 2 | $0 |
| Dr John McGuire | Emeritus Trustee or director | 2 | $0 |
| Dr Paul Hirsch | Emeritus Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael J McDonough PhD | President Officer | 37.5 | $381,432 | $94,008 |
| John Trojan | V.P. Finance and Facilities Officer | 37.5 | $233,959 | $36,374 |
| Jacki Belin | V.P. Student Affairs & Outreach Key employee | 37.5 | $209,763 | $43,181 |
| Karen Bearce PHD | Provost/V.P Academic Affaris Key employee | 37.5 | $188,869 | $50,981 |
| Patrice Marks | Dean of LFA & BPS, ALO Highest-paid employee | 37.5 | $180,555 | $30,258 |
| Michael Marion | Executive Dir RVCC Foundation Highest-paid employee | 37.5 | $193,722 | $15,182 |
| Brian Thomas | Professor Ophthalmics Highest-paid employee | 35 | $171,807 | $23,324 |
| Cheryl Wallace | V.P. of HR & Administration Highest-paid employee | 37.5 | $181,168 | $13,678 |
| Brian O'Rourke | Executive Dir. Facilities Grounds Key employee | 37.5 | $176,032 | $13,862 |
| Zenon Christodoulou | Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Roger Locandro | Vice Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Helena Swanicke | Vice Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Thomas P Borkowski | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Margaret Wolan Sullivan | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Caren Bateman | Trustee Trustee or director | 2 | $0 | $0 |
| Jinnee DeMarco | Trustee Trustee or director | 2 | $0 | $0 |
| Michael Goldberg | Trustee Trustee or director | 2 | $0 | $0 |
| Roger Jinks | Trustee Trustee or director | 2 | $0 | $0 |
| Nidhi Makhija | Trustee Trustee or director | 2 | $0 | $0 |
| Howard Opdyke | Trustee Trustee or director | 2 | $0 | $0 |
| Adam Shain | Trustee Trustee or director | 2 | $0 | $0 |
| Juan Torres | Trustee Trustee or director | 2 | $0 | $0 |
| James Von Schilling | Trustee Trustee or director | 2 | $0 | $0 |
| Nicholas Gallo | Trustee Trustee or director | 2 | $0 | $0 |
| Dr John McGuire | Emeritus Trustee or director | 2 | $0 | $0 |
| Dr Paul Hirsch | Emeritus Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL J MCDONOUGH | PRESIDENT Officer | 37.5 | $365,521 | $87,688 |
| JOHN J TROJAN | VP OF FINANCE & FACILITIES Officer | 37.5 | $225,967 | $33,013 |
| JACKI W BELIN | VP STUDENT AFFAIRS & OUTREACH Key employee | 37.5 | $199,229 | $37,323 |
| PATRICE F MARKS | DEAN LFA &BPS, ALO Highest-paid employee | 37.5 | $177,708 | $27,343 |
| MICHAEL J MARION | EXECUTIVE DIRECTOR OF FOUNDATION Highest-paid employee | 37.5 | $186,432 | $14,666 |
| CHERYL WALLACE | VP OF HR, COMPLIANCE & SECURITY Highest-paid employee | 37.5 | $162,349 | $18,465 |
| BRIAN P O'ROURKE EXECUTIVE | DIRECTOR OF FACILITIES & GROUNDS Highest-paid employee | 37.5 | $166,174 | $13,441 |
| BARBARA SEATER | ASSOCIATE PROFESSOR SOCIOLOGY Highest-paid employee | 35 | $162,491 | $11,746 |
| DEBORAH E PRESTON FORMER | PROVOST/VP ACADEMIC AFFAIRS Former | 0 | $108,062 | $9,020 |
| CAREN BATEMAN | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| ROGER R LOCANDRO | VICE-CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| HELENA SWANICKE | VICE-CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| TRACY DIFRANCESCO ZAIKOV | VICE-CHAIRPERSON, THRU 10/25/22 Trustee or director, Officer | 2 | $0 | $0 |
| NIDHI MAKHIJA | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JUAN TORRES | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| THOMAS P BOROWSKI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ZENON CHRISTODOULOU | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PRESTON CLAWSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JINNEE DEMARCO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| W TIMOTHY HOWES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROGER A JINKS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HOWARD J OPDYKE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ADAM SHAIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARGARET WOLAN SULLIVAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JAMES A VON SCHILLING | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3300, SOMERVILLE, NJ 08876-1265
- In care of
- % RARITAN VALLEY COMMUNITY COLLEGE
- Principal officer (990 for 2024)
- John Trojan, PO Box 3300, Somerville, NJ 08876
- Signed the 990
- Michael J McDonough, President
- Phone
- (908) 526-1200
- Website
- www.raritanval.edu
- Return prepared by
- Suplee Clooney and Company
Mission
Raritan Valley Community College is an educational community that works to develop critical thinking, foster intellectual curiosity, promote leadership, encourage social responsibility and support personal growth.
Program accomplishments
- Community college of approximately 9,966 credit-seeking students and nearly 1,000 non-credit students.Expenses $71,348,240 · grants $15,331,195 · revenue $36,039,103
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-1815636
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B41Z)
- Assets (IRS master file)
- $111,444,638
- Income (IRS master file)
- $86,622,547
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $86,622,547 | $85,694,418 | $111,444,638 | IRS |
| 990 | June 2024 | $81,995,945 | $78,818,464 | $112,602,068 | IRS |
| 990 | June 2023 | $83,807,368 | $72,611,690 | $112,053,232 | XML |
| 990 | June 2022 | $75,934,725 | $76,503,300 | $101,078,699 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-1815636).
Questions about RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE
- What is the EIN of RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE?
- The employer identification number (EIN) of RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE is 22-1815636.
- Is RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE?
- The 990 for the year ended June 30, 2025 names John Trojan.
- Who are the officers and directors of RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE?
- The 990 for the year ended June 30, 2025 lists 26 people; 9 received compensation from the organization, the highest $399,108 (Michael J McDonough PhD, President).
- How much revenue does RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $86,622,547, expenses of $85,694,418 and total assets of $111,444,638 at year end.
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