THE COLLEGE OF NEW JERSEY FOUNDATION INC

EIN: 222448189 501(c)(3) Education

EWING, NJ

Total Revenue
$12,476,567
Total Expenses
$7,928,194
Total Assets
$81,007,541
Net Assets
$73,845,591
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
NJ
Principal Officer
DAVID MUHA
Phone
6097712203
Tax Period
2024-07-01 to 2025-06-30

THE COLLEGE OF NEW JERSEY FOUNDATION INC, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $12.5M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 36% operating margin.

Mission

TO FUND PROGRAMS THAT SUPPORT THE OVERALL MISSION OF THE COLLEGE OF NEW JERSEY.

Program Service Accomplishments

Program 1
Expenses: $6,474,051 Revenue: $0

SUPPORT PROGRAM: THE OBJECTIVE OF THIS PROGRAM IS TO OBTAIN PRIVATE FUNDING TO ENHANCE THE EDUCATIONAL GOALS OF THE COLLEGE OF NEW JERSEY THROUGH A NUMBER OF SCHOLARSHIPS AND AWARDS. THESE EXPENSES...

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SUPPORT PROGRAM: THE OBJECTIVE OF THIS PROGRAM IS TO OBTAIN PRIVATE FUNDING TO ENHANCE THE EDUCATIONAL GOALS OF THE COLLEGE OF NEW JERSEY THROUGH A NUMBER OF SCHOLARSHIPS AND AWARDS. THESE EXPENSES INCLUDE $5,124,631 OF SUPPORT TO THE COLLEGE OF NEW JERSEY AND $994,896 OF SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS.

Program 2
Expenses: $0 Revenue: $0

THE CHARITABLE GIFT ANNUITY PROGRAM CONSISTS OF ASSETS DONATED BY INDIVIDUALS WHO SIGN AN ANNUITY AGREEMENT WITH THE FOUNDATION. THE FOUNDATION MAKES STIPULATED REGULAR PAYMENTS UNTIL AN AGREED UPON...

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THE CHARITABLE GIFT ANNUITY PROGRAM CONSISTS OF ASSETS DONATED BY INDIVIDUALS WHO SIGN AN ANNUITY AGREEMENT WITH THE FOUNDATION. THE FOUNDATION MAKES STIPULATED REGULAR PAYMENTS UNTIL AN AGREED UPON TIME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,412,756
Program Service Revenue $0
Investment Income $5,063,811
Other Revenue $0
TOTAL REVENUE $12,476,567

Expense Breakdown

Grants Paid $6,119,527
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,474,051
Other Expenses $1,808,667
TOTAL EXPENSES $7,928,194

Year-over-Year Comparison

2024 2023 Change
Revenue $12,476,567 $9,528,460 +0.3%
Expenses $7,928,194 $7,614,373 +0.0%
Net Income $4,548,373 $1,914,087 +1.4%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
28
Independent Members
27
Employees
N/A
Volunteers
29

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$252,705
Total Directors
32
$252,705
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLORIA E WEISSBART CHAIR 1.00
Officer Director
$0 $0 $0
THOMAS M RUGGIA VICE CHAIR 1.00
Officer Director
$0 $0 $0
CRAIG MORGENSTERN TREASURER & FINANCE CHAIR 1.00
Officer Director
$0 $0 $0
DAVID W MUHA EXECUTIVE DIRECTOR 13.00
Officer Director
$40,038 $29,063 $69,101
JOHN P DONOHUE EXECUTIVE DIRECTOR - PART YEAR 13.00
Officer Director
$150,570 $33,034 $183,604
QADIM GHANI ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD SCHWEIGERT ASSISTANT TREASURER - PART YEAR 1.00
Officer Director
$0 $0 $0
ELAINE ROCHA PAST CHAIR 1.00
Director
$0 $0 $0
CHRISTINE BERK DIRECTOR 1.00
Director
$0 $0 $0
DR MICHAEL BERNSTEIN DIRECTOR 1.00
Director
$0 $0 $0
DR ANGELA BESS DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY BRANDLEY DIRECTOR 1.00
Director
$0 $0 $0
ANGELICA CARDONA ALUMNI ASSOC. LIAISON - PART YEAR 1.00
Director
$0 $0 $0
BARBARANNE DIMARCO DIRECTOR 1.00
Director
$0 $0 $0
MARIA FALCA-DODSON DIRECTOR 1.00
Director
$0 $0 $0
JAQUELINE GIBBS DIRECTOR 1.00
Director
$0 $0 $0
REAGAN HEIDELBERG DIRECTOR 1.00
Director
$0 $0 $0
DAVID JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
DR HERBERT MAYO DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MOSOVICH DIRECTOR 1.00
Director
$0 $0 $0
BARBARA MEYERS PELSON DIRECTOR 1.00
Director
$0 $0 $0
DR REGINA PETER DIRECTOR 1.00
Director
$0 $0 $0
ANDREW POLANSKY DIRECTOR 1.00
Director
$0 $0 $0
DAVID RAGO DIRECTOR 1.00
Director
$0 $0 $0
ROBERT ROSS DIRECTOR 1.00
Director
$0 $0 $0
ALAN SILK BOARD OF TRUSTEES LIAISON 1.00
Director
$0 $0 $0
JEN SILVESTROV-GUARINI ALUMNI ASSOCIATION LIAISON 1.00
Director
$0 $0 $0
PETER SIMONS DIRECTOR 1.00
Director
$0 $0 $0
DR EMILY SPIREAS DIRECTOR 1.00
Director
$0 $0 $0
SUSANNE SVIZENY DIRECTOR 1.00
Director
$0 $0 $0
LEON VAN HORN III AUDIT CHAIR 1.00
Director
$0 $0 $0
TRACEY WARREN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $12,476,567 $7,928,194 $81,007,541 $4,548,373
2024 $9,528,460 $7,614,373 $72,048,687 $1,914,087
2023 $8,134,492 $12,128,100 $63,000,599 $-3,993,608
2022 $30,765,630 $9,354,520 $60,398,961 $21,411,110
2021 $16,757,600 $8,859,408 $70,159,109 $7,898,192
2020 $11,699,610 $6,116,077 $50,906,946 $5,583,533
2019 $12,968,908 $6,322,797 $47,485,784 $6,646,111
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