Nonprofit · EIN 23-7138731
RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION
Tax-exempt · SOMERVILLE, NJ 08876
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,601,621 | $1,391,779 | $1,209,842 | $6,363,165 | $36,517 | $6,326,648 |
| June 30, 2024 | 990 | $1,753,915 | $1,373,386 | $380,529 | $5,320,769 | $33,195 | $5,287,574 |
| June 30, 2023 | 990 | $1,049,932 | $1,195,609 | -$145,677 | $4,990,871 | $56,994 | $4,933,877 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,332,270
- Program service revenue
- $0
- Investment income
- $269,351
- Net gain from sales of assets
- $119,275
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,229,559
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,279,559
- Management and general (functional)
- $20,494
- Fundraising (functional)
- $91,726
Balance sheet and other
- Total assets, start of year
- $5,320,769
- Total assets, end of year
- $6,363,165
- Total liabilities, end of year
- $36,517
- Net assets, end of year
- $6,326,648
- Publicly traded securities
- $4,594,621
- Net assets without donor restrictions
- $91,035
- Net assets with donor restrictions
- $6,235,613
- Gross receipts
- $3,050,734
- Employees
- 0
- Volunteers
- 120
- Year formed
- 1971
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dr Michael J McDonough | President Trustee or director, Officer | 3 | $0 | $399,108 | $103,584 |
| John Trojan | Treasurer (VP of Finance and Facilities) Trustee or director, Officer | 3 | $0 | $244,041 | $36,683 |
| Michael Marion | Executive Director Key employee | 2 | $0 | $197,435 | $15,386 |
| Allan Boomer | Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Dan Van Tran | Vice Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Gary C Woodring | Asst. Treasurer Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Michael Bzdak | Board Member Trustee or director | 3 | $0 | $0 | $0 |
| David Bunevich | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Lila Seroy | Board member (student) Trustee or director | 2 | $0 | $0 | $0 |
| Rebecca Geary | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Deirdre Blaus | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Tammy Stouchko | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Joel F Reyes-Guzman | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Steven A Reichman | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Michael Schwertfeger | Board member Trustee or director | 2 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sean Fleming | Board member Trustee or director | 2 | $0 |
| Wanda Shoer | Board member Trustee or director | 2 | $0 |
| Ricardo Ramirez | Board member (student) Trustee or director | 2 | $0 |
| Gene McCarthy | Board member Trustee or director | 2 | $0 |
| Parag S Jategaonkar | Board member Trustee or director | 2 | $0 |
| Raquel Mura | Board member Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dr Michael J McDonough | President Trustee or director, Officer | 3 | $0 | $381,432 | $94,008 |
| John Trojan | Treasurer (VP of Finance and Facilities) Trustee or director, Officer | 3 | $0 | $233,959 | $36,374 |
| Michael Marion | Executive Director Trustee or director | 2 | $0 | $193,722 | $15,182 |
| Allan Boomer | Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Elissa Santo | Vice Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Gary C Woodring | Asst. Treasurer Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Sean Fleming | Board Member Trustee or director | 3 | $0 | $0 | $0 |
| David Bunevich | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Zachary Cole | Board member (student) Trustee or director | 2 | $0 | $0 | $0 |
| Alyssa Darden | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Patrick Delaney | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Michael Schewertfeger | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Joel F Reyes-Guzman | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Steven A Reichman | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Dan Van Tran | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Sandra Faragalla | Board member (student) Trustee or director | 2 | $0 | $0 | $0 |
| Sebastian Galvez | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Parag S Jategaonkar | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Jomil London | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Gene McCarthy | Board member Trustee or director | 2 | $0 | $0 | $0 |
| Raquel Mura | Board member Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR MICHAEL J MCDONOUGH | DIRECTOR (EX-OFFICIO) Trustee or director | 2 | $0 | $365,521 | $87,688 |
| JOHN TROJAN | TREASURER Trustee or director, Officer | 3 | $0 | $225,967 | $33,013 |
| MICHAEL MARION | EXECUTIVE DIRECTOR Key employee | 2 | $0 | $186,432 | $14,666 |
| ALLAN BOOMER | CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| ELISSA SANTO | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| GARY WOODRING | ASSISTANT TREASURER Trustee or director, Officer | 3 | $0 | $0 | $0 |
| ANDREW BORKIN | SECRETARY, THRU 04/2023 Trustee or director, Officer | 3 | $0 | $0 | $0 |
| RICH BERLINER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVID BUNEVICH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ANTHONY V CAVA | DIRECTOR, THRU 01/2023 Trustee or director | 2 | $0 | $0 | $0 |
| VINCE CIRIANNI | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ALYSSA DARDEN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PATRICK J DELANEY MBA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHERYL A ERRICO | DIRECTOR, THRU 08/2022 Trustee or director | 2 | $0 | $0 | $0 |
| SEBASTIAN GALVEZ | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PAIGE GREENFIELD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOEL F REYES-GUZMAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PARAG S JATEGAONKAR | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STACEY KIMMINS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOMIL LONDON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GENE C MCCARTHY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| RAQUEL MURA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JEANNE K PERANTONI | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PAUL STRAMAGLIA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STEVEN A REICHMAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ERIKA TOOMAN ESQ | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JIMENA TORRES | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAN VAN TRAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3300, SOMERVILLE, NJ 08876-1265
- Principal officer (990 for 2024)
- Michael Marion, PO Box 3300, Somerville, NJ 08876
- Signed the 990
- Michael Marion, Executive Director
- Phone
- (908) 526-1200
- Return prepared by
- Suplee Clooney and Company
Mission
Please see Schedule O.
Program accomplishments
- Educational activities and assistance to Raritan Valley Community Colleges 9,966 credit seeking students and nearly 1,000 non-credit students.Expenses $1,279,559 · grants $1,229,559
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
- 23-7138731
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B41I)
- Assets (IRS master file)
- $6,363,165
- Income (IRS master file)
- $3,050,734
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,601,621 | $1,391,779 | $6,363,165 | IRS |
| 990 | June 2024 | $1,753,915 | $1,373,386 | $5,320,769 | IRS |
| 990 | June 2023 | $1,049,932 | $1,195,609 | $4,990,871 | XML |
| 990 | June 2022 | $959,485 | $1,074,825 | $4,929,209 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 23-7138731).
Questions about RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION
- What is the EIN of RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION?
- The employer identification number (EIN) of RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION is 23-7138731.
- Is RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION?
- The 990 for the year ended June 30, 2025 names Michael Marion.
- Who are the officers and directors of RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,601,621, expenses of $1,391,779 and total assets of $6,363,165 at year end.
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