Nonprofit · EIN 22-2117814
THOMAS EDISON STATE UNIVERSITY FOUNDATION INC
Tax-exempt · TRENTON, NJ 08608
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,605,726 | $1,297,287 | $308,439 | $15,265,396 | $470,894 | $14,794,502 |
| June 30, 2024 | 990 | $1,441,700 | $805,577 | $636,123 | $14,061,512 | $402,657 | $13,658,855 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $798,540
- Program service revenue
- $0
- Investment income
- $830,690
- Net gain from sales of assets
- $448,014
- Net income from fundraising events
- -$24,604
- Net income from gaming
- $1,100
- Other revenue
- -$23,504
Expenses
- Grants and similar amounts paid
- $1,062,470
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $6,500
- Accounting fees
- $35,754
- Program services (functional)
- $1,078,285
- Management and general (functional)
- $120,059
- Fundraising (functional)
- $98,943
Balance sheet and other
- Total assets, start of year
- $14,061,512
- Total assets, end of year
- $15,265,396
- Total liabilities, end of year
- $470,894
- Net assets, end of year
- $14,794,502
- Publicly traded securities
- $14,750,991
- Net assets without donor restrictions
- $7,047,828
- Net assets with donor restrictions
- $7,746,674
- Gross receipts
- $3,668,741
- Employees
- 0
- Volunteers
- 48
- Year formed
- 1976
- 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 |
|---|---|---|---|---|
| MARY HEAGLEY | EXECUTIVE VP Officer | 26.25 | $160,958 | $31,151 |
| JACLYN JOWORISAK | SECRETARY Officer | 17.5 | $46,903 | $23,411 |
| CHRISTOPHER STRINGER | VP & CFO Officer | 3.5 | $24,625 | $5,714 |
| DR MERODIE HANCOCK | PRESIDENT, EX-OFFICIO Trustee or director, Officer | 1.75 | $23,124 | $6,119 |
| NANCY S GLOOR | BOARD CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| DR KIMBERLYNN KLEASEN | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ERIC ROBERT LEAR | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| DR AHMED A AZMY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ALEX J BINDER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DANIEL R BRENNA JR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LOVEPREET BUTTAR | DIRECTOR, THRU 07/12/24 Trustee or director | 0.5 | $0 | $0 |
| DEBRA D'ARCANGELO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRUCE D GARGANIO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RONALD A GIMBEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CATINA R HOOD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES KILGORE | DIRECTOR Trustee or director | 0.5 | $0 |
| STEVEN R KING | DIRECTOR Trustee or director | 0.5 | $0 |
| DR MATTHEW W LAMB | DIRECTOR Trustee or director | 0.5 | $0 |
| BRIAN T MALONEY | DIRECTOR Trustee or director | 0.5 | $0 |
| MARTIN MELILLI | DIRECTOR Trustee or director | 0.5 | $0 |
| DR DEBROAH MICAN | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFFREY RUSSO | DIRECTOR Trustee or director | 0.5 | $0 |
| WILLARD A STANBACK ESQ | DIRECTOR Trustee or director | 0.5 | $0 |
| RICK ST JOHN | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFFREY STOKES | DIRECTOR Trustee or director | 0.5 | $0 |
| DR MICHAEL R TOSCANI | DIRECTOR Trustee or director | 0.5 | $0 |
| CAROL VOORHEES | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY HEAGLEY | EXECUTIVE VP Officer | 26.25 | $156,936 | $17,903 |
| JACLYN JOWORISAK | SECRETARY Officer | 17.5 | $42,576 | $8,348 |
| DR MERODIE HANCOCK | PRESIDENT, EX-OFFICIO Trustee or director, Officer | 1.75 | $33,191 | $5,554 |
| CHRISTOPHER STRINGER | VP & CFO Officer | 3.5 | $24,038 | $2,990 |
| NANCY S GLOOR | BOARD CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| DR KIMBERLYNN KLEASEN | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ERIC ROBERT LEAR | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| DR AHMED A AZMY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ALEX J BINDER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DANIEL R BRENNA JR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LOVEPREET BUTTAR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DEBRA D'ARCANGELO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRUCE D GARGANIO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RONALD A GIMBEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CATINA R HOOD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DOLORES R KELLEY ESQ | DIRECTOR, THRU 6/14/24 Trustee or director | 0.5 | $0 | $0 |
| JAMES KILGORE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| STEVEN R KING | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR MATTHEW W LAMB | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRIAN T MALONEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARTIN MELILLI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR DEBROAH MICAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFFREY RUSSO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WILLARD A STANBACK ESQ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RICK ST JOHN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFFREY STOKES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR MICHAEL R TOSCANI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CAROL VOORHEES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR JAMAL E WATSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 111 W STATE ST, TRENTON, NJ 08608-1101
- Principal officer (990 for 2024)
- CHRISTOPHER STRINGER, 111 WEST STATE STREET, TRENTON, NJ 08608
- Signed the 990
- CHRISTOPHER STRINGER, VP & CFO
- Phone
- (609) 984-1588
- Website
- WWW.TESUFOUNDATION.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
THE MISSION OF THE FOUNDATION IS TO INSPIRE DONORS TO INVEST IN THOMAS EDISON STATE UNIVERSITY'S POWER TO TRANSFORM LIVES AND BUILD A MORE COMPETITIVE WORKFORCE BY EMPOWERING ADULTS TO ATTAIN THEIR EDUCATIONAL GOALS.THOMAS EDISON STATE UNIVERSITY FOUNDATION IS A NONPROFIT 501(C)(3) ORGANIZATION. WHILE INDEPENDENT OF THOMAS EDISON STATE UNIVERSITY, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT, SUPPORT AND PROMOTION OF THE UNIVERSITY AND ITS EDUCATIONAL ACTIVITIES AND MAY RECEIVE AND INVEST BEQUESTS, GIFTS OR TRANSFERS OF PROPERTY OR MONEY, AND EXPEND ANY SUCH FUNDS OR PROPERTY FOR THE INSTITUTION'S EDUCATIONAL PURPOSES.
Program accomplishments
- THE FOUNDATION EXISTS EXCLUSIVELY TO SUPPORT THE PROGRAMS AND ACTIVITIES OF THOMAS EDISON UNIVERSITY IN THE ACHIEVEMENT OF ITS MISSION AS AN INSTITUTE OF HIGHER LEARNING.Expenses $1,078,285 · grants $1,062,470
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
- 22-2117814
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1978
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B42I)
- Assets (IRS master file)
- $15,265,396
- Income (IRS master file)
- $3,668,741
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,605,726 | $1,297,287 | $15,265,396 | XML |
| 990 | June 2024 | $1,441,700 | $805,577 | $14,061,512 | XML |
| 990 | June 2023 | $794,410 | $957,307 | $12,447,159 | IRS |
| 990 | June 2022 | $341,230 | $587,642 | $11,982,682 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 22-2117814).
Questions about THOMAS EDISON STATE UNIVERSITY FOUNDATION INC
- What is the EIN of THOMAS EDISON STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of THOMAS EDISON STATE UNIVERSITY FOUNDATION INC is 22-2117814.
- Is THOMAS EDISON STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to THOMAS EDISON STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THOMAS EDISON STATE UNIVERSITY FOUNDATION INC 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 THOMAS EDISON STATE UNIVERSITY FOUNDATION INC 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 THOMAS EDISON STATE UNIVERSITY FOUNDATION INC 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 THOMAS EDISON STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names CHRISTOPHER STRINGER.
- Who are the officers and directors of THOMAS EDISON STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 27 people; 4 received compensation from the organization, the highest $160,958 (MARY HEAGLEY, EXECUTIVE VP).
- How much revenue does THOMAS EDISON STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,605,726, expenses of $1,297,287 and total assets of $15,265,396 at year end.
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