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New Jersey City University Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237261698 ✦ Jersey city, NJ ✦ Designated as a 501(c)(3)

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Overview

What is New Jersey City University Foundation Inc?

New Jersey City University Foundation Inc, based in Jersey City, New Jersey, is a nonprofit organization committed to fostering and promoting the growth of New Jersey City University. Their primary role involves engaging in development and fundraising activities to provide scholarships for students and support various programmatic purposes. The foundation's mission extends beyond financial support, aiming to encourage the development and progress of the university as a whole.


Official website here: www.njcu.edu/donate

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87% (Three-Star out of Four Stars)

New Jersey City University Foundation Inc has received an 87% rating from Charity Navigator, which translates to a Three-Star rating. This score indicates a strong emphasis on accountability and finance, with the charity demonstrating solid governance practices. Notably, the organization boasts a fully independent board, contributing positively to its overall score.

Strengths of the foundation include its effective management of financial resources, as evidenced by its high program expense ratio of 70.11%, which suggests a significant portion of funds is directed towards its charitable programs. The foundation also maintains comprehensive policies in areas such as conflict of interest and whistleblower protection, enhancing its operational transparency and accountability.

However, the foundation's liabilities to assets ratio stands at 61.92%, which suggests a moderate level of financial risk that could be a point of concern for potential donors. Overall, while New Jersey City University Foundation Inc exhibits strengths in governance and program funding, stakeholders should consider the implications of its financial liabilities when evaluating the organization.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about New Jersey City University Foundation Inc?

88% of 480 reviewers on Facebook recommend the New Jersey City University Foundation Inc. Here is a summary of their reviews:

Most users highlight the positive educational experiences they have had, indicating that the foundation provides valuable resources and support for students. The sentiment is overwhelmingly favorable, reflecting a strong appreciation for the services offered and the impact on the academic journey of individuals affiliated with the university.

Overall, many reviewers express satisfaction with the foundation's commitment to enhancing education and supporting student success, reinforcing its reputation as a supportive nonprofit organization that truly delivers on its promises.


This AI summary has been generated from reviews found on Facebook.

Is New Jersey City University Foundation Inc legitimate?

New Jersey City University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Jersey City University Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.njcu.edu/donate

What is the mission statement of New Jersey City University Foundation Inc?

The New Jersey City University Foundation Inc's mission is to foster and strengthen New Jersey City University's development and growth. This is achieved through fundraising and development activities. One of their key initiatives is providing funding for student scholarships and various programmatic purposes at the university. In essence, the foundation's role is to encourage and support the university's growth and success.


Official website here: www.njcu.edu/donate

Who is the CEO of New Jersey City University Foundation Inc?

Kwi Brennan is the Director of New Jersey City University Foundation Inc.


Official website here: www.njcu.edu/donate

What is the revenue of New Jersey City University Foundation Inc?

New Jersey City University Foundation Inc's revenue in 2022 was $4,332,476.


Official website here: www.njcu.edu/donate

Who are the executives of New Jersey City University Foundation Inc and what are their salaries?

There 26 volunteers at New Jersey City University Foundation Inc.


Here are 26 key members and their salaries:


Alex Forrester (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfred Parinello (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Ducas (Director -Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aisha Thomas-Petit (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Durant (Exec Dir (Non-Voting) - Start 4/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlos Lejnieks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chirag Patel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dagmar Rosa-Bjorkeson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward O'Connor (Director -Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Magennis (Director - Start 3/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Martinez (Director - Start 1/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Rhee (Director - End 9/21)
  • Compensation: $0
  • Related: $0
  • Other: $0
James White (Director (Non-Voting) - End 3/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judith Wodynski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kwi Brennan (Executive Director(Non-Voting))
  • Compensation: $0
  • Related: $0
  • Other: $0
Lissiah Taylor Hundley (Director - End 12/21)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natalie Brathwaite (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Leon (Director - Start 1/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Silverman (Director - End 1/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Hernandez (Director-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Antonicello (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Hess (Director-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Henderson Phd (Director (Non-Voting) End - 6/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sang Jin Kim Phd Emeritus (Director (Non-Voting) End - 6/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luke Visconti Emeritus (Director (Non-Voting) End - 6/22)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.njcu.edu/donate

Where can I find the form 990 for New Jersey City University Foundation Inc?

New Jersey City University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.njcu.edu/donate

Learn more at the official website: www.njcu.edu/donate

Mission Statement of New Jersey City University Foundation Inc

New Jersey City University Foundation, Inc. is an organization dedicated to fostering and promoting the growth and development of New Jersey City University. Their mission is accomplished through various development and fundraising activities. Specifically, the foundation provides financial support to the university, allocating funds for student scholarships and other programmatic purposes. This investment in education aims to encourage and empower students at New Jersey City University, contributing to their academic success and overall growth.

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Impact




October, 2024

New Jersey City University Foundation Inc significantly enhances the educational landscape by providing crucial funding for student scholarships and various programmatic initiatives at New Jersey City University. This financial support enables students to access higher education, alleviating the burden of tuition costs and fostering an environment where academic success is attainable for a diverse array of learners.

By focusing on development and fundraising activities, the foundation bolsters the university's growth, ensuring it can expand its programs, resources, and overall educational offerings. This commitment to educational equity not only empowers individual students but also strengthens the community by cultivating a more knowledgeable and skilled workforce. The foundation's efforts contribute to the long-term sustainability and improvement of New Jersey City University, ultimately benefiting the broader society through enhanced educational outcomes and opportunities.




This information is meant to be a general summary of New Jersey City University Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,332,476 (2022)
Expenses
$4,482,516 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $625,180
  • Gross Receipts: $15,894,098

Assets and Liabilities:

  • Total Assets: $84,668,089
  • Total Liabilities: $55,384,553
  • Net Assets: $29,283,536

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Organization Details

Founding Year

1971

Principal Officer

Kwi Brennan

Main Address

2039 JOHN F KENNEDY BOULEVARD, JERSEY CITY, NJ, 07305

NTEE Category

Code: B42 - Education

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