ROWAN UNIVERSITY FOUNDATION INC

EIN: 222482802 501(c)(3) Education

GLASSBORO, NJ

Total Revenue
$33,395,586
Total Expenses
$23,161,371
Total Assets
$461,940,498
Net Assets
$460,978,826
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NJ
Principal Officer
JOHN J ZABINSKI
Phone
8562564097
Tax Period
2024-07-01 to 2025-06-30

ROWAN UNIVERSITY FOUNDATION INC, founded in 1983, is a mid-sized nonprofit in the Education sector that reported $33.4M in total revenue in fiscal year 2024. The organization ran a surplus of $10.2M, a strong 31% operating margin.

Mission

THE ROWAN UNIVERSITY FOUNDATION OPERATES WITH THE EXPRESS PURPOSE OF RAISING FUNDS AND OBTAINING OBJECTS OF VALUE, THROUGH DONATION, PRIVATE OR PUBLIC GRANTS, GIFTS, OR OTHERWISE, FOR THE USE OR BENEFIT OF ROWAN UNIVERSITY AND OTHER UNIVERSITY-HELD ATTRACTIONS WITH THE GOAL OF ENRICHING THE EDUCATION AND STUDENT LIFE OF THE STUDENTS OF ROWAN UNIVERSITY AND IMPROVING THE EDUCATIONAL OPPORTUNITIES AND/OR SERVICES PROVIDED TO STUDENTS, FACULTY, ALUMNI, AND THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1
Expenses: $17,830,490 Revenue: $0

GRANTS TO ROWAN UNIVERSITY AND AFFILIATE -THE ROWAN UNIVERSITY FOUNDATION OVERSEES AND COORDINATES ALL FUNDRAISING ACTIVITIES AND IS RESPONSIBLE FOR THE MANAGEMENT, INVESTMENT AND DISTRIBUTION OF ALL...

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GRANTS TO ROWAN UNIVERSITY AND AFFILIATE -THE ROWAN UNIVERSITY FOUNDATION OVERSEES AND COORDINATES ALL FUNDRAISING ACTIVITIES AND IS RESPONSIBLE FOR THE MANAGEMENT, INVESTMENT AND DISTRIBUTION OF ALL CHARITABLE CONTRIBUTIONS TO BENEFIT ROWAN UNIVERSITY. AS THE INDEPENDENT, OFFICIALLY DESIGNATED NON-PROFIT ORGANIZATION OF PHILANTHROPIC AID TO THE INSTITUTION, THE FOUNDATION IS THE ONLY VEHICLE THROUGH WHICH CHARITABLE GIFTS MAY BE MADE TO ROWAN UNIVERSITY.

Program 2
Expenses: $4,491,837 Revenue: $0

SCHOLARSHIPS GIVEN TO STUDENTS -THE ROWAN UNIVERSITY FOUNDATION'S SCHOLARSHIP PROGRAM AIMS TO ASSIST STUDENTS WITH THE RISING COST OF TUITION. SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON BOTH NEED...

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SCHOLARSHIPS GIVEN TO STUDENTS -THE ROWAN UNIVERSITY FOUNDATION'S SCHOLARSHIP PROGRAM AIMS TO ASSIST STUDENTS WITH THE RISING COST OF TUITION. SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON BOTH NEED AND MERIT. IN FY2025, THE ROWAN UNIVERSITY FOUNDATION AWARDED OVER $4.367 MILLION IN SCHOLARSHIPS. AWARDS ARE MADE TO STUDENTS MAJORING IN ALL OF ROWAN'S ELEVEN ACADEMIC COLLEGES AND SCHOOLS AS WELL AS TWO MEDICAL SCHOOLS.

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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 $21,727,496
Program Service Revenue $0
Investment Income $11,498,834
Other Revenue $169,256
TOTAL REVENUE $33,395,586

Expense Breakdown

Grants Paid $22,310,479
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,322,327
Other Expenses $850,892
TOTAL EXPENSES $23,161,371

Year-over-Year Comparison

2024 2023 Change
Revenue $33,395,586 $33,947,105 0.0%
Expenses $23,161,371 $20,222,813 +0.1%
Net Income $10,234,215 $13,724,292 -0.3%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
33
Independent Members
29
Employees
N/A
Volunteers
36

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
$243,609
Total Directors
36
$1,193,546
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ALI A HOUSHMAND DIRECTOR (PRES., ROWAN UNIVERSITY) 1.00
Director
$0 $232,261 $1,163,469
DAVE BURGIN CHAIR AS OF AUG 2024 2.00
Officer Director
$0 $0 $0
REGINALD J MIDDLETON CHAIR THRU AUG 2024/DIRECTOR 2.00
Officer Director
$0 $0 $0
ANGELA M BROWN VICE CHAIR AS OF FEB 2025 2.00
Officer Director
$0 $0 $0
MICHAEL CONNALLON JR VICE CHAIR THRU FEB 2025 1.00
Officer Director
$0 $0 $0
DAVID J STROUT SECRETARY AS OF FEB 2025 2.00
Officer Director
$0 $0 $0
JAMES STEWART JR TREASURER AS OF AUG 2024 2.00
Officer Director
$0 $0 $0
GEORGE AWAD DIRECTOR THRU MAR 2025 1.00
Director
$0 $0 $0
SALMAN BHATTI DIRECTOR 1.00
Director
$0 $0 $0
DR TONYA BRELAND DIRECTOR 1.00
Director
$0 $0 $0
APRIL CARTY-SIPP DIRECTOR 2.00
Director
$0 $0 $0
STEPHEN H CLARK DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY J GALVIN DIRECTOR 1.00
Director
$0 $0 $0
DR JAMES E GEORGE DIRECTOR 1.00
Director
$0 $0 $0
JACK HAFNER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL HARRINGTON DIRECTOR THRU MAY 2025 1.00
Director
$0 $0 $0
BRIGHID BURGIN HOEMPLER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT W HOEY DIRECTOR 1.00
Director
$0 $0 $0
ALI G ISHAGE DIRECTOR AS OF SEPT 2024 1.00
Director
$0 $0 $8,638
SCOTT KINTZING DIRECTOR 1.00
Director
$0 $0 $0
STANLEY LABRUNA DIRECTOR 1.00
Director
$0 $0 $0
NIKITAS MOUSTAKAS DIRECTOR 1.00
Director
$0 $0 $0
ERICA ORTIZ DIRECTOR 1.00
Director
$0 $0 $0
ALYCE PARKER DIRECTOR 1.00
Director
$0 $0 $0
SALVATORE J PATTI DIRECTOR 1.00
Director
$0 $0 $0
YUVAL SAAR DIRECTOR 1.00
Director
$0 $0 $8,297
HARRY I SCHEYER DIRECTOR 1.00
Director
$0 $0 $0
DR STEPHANIE SCHLITT DIRECTOR 1.00
Director
$0 $0 $0
ERIC STEIN DIRECTOR 1.00
Director
$0 $0 $0
DOROTHY STUBBLEBINE DIRECTOR 1.00
Director
$0 $0 $0
JAMES TARANGELO DIRECTOR 1.00
Director
$0 $0 $0
JACK TARDITI DIRECTOR 1.00
Director
$0 $0 $0
PAUL J TULLY DIRECTOR 1.00
Director
$0 $0 $0
STACEY VAIL DIRECTOR 1.00
Director
$0 $0 $0
JON J VOGEL DIRECTOR (FACULTY, ROWAN UNIVERSITY) 1.00
Director
$0 $973 $13,142
LISA WESTFIELD DIRECTOR 1.00
Director
$0 $0 $0
JOHN J ZABINSKI EXECUTIVE DIRECTOR 10.00
Officer
$0 $27,605 $243,609
RONALD J TALLARIDA FORMER EXECUTIVE DIRECTOR 0.00
$0 $14,000 $328,707
JESSE R SHAFER FORMER EXECUTIVE DIRECTOR 0.00
$0 $12,858 $195,931
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 $33,395,586 $23,161,371 $461,940,498 $10,234,215
2024 $33,947,105 $20,222,813 $428,578,315 $13,724,292
2023 $48,338,446 $18,801,322 $391,588,315 $29,537,124
2022 $58,909,453 $17,351,612 $350,201,905 $41,557,841
2021 $39,224,287 $15,137,433 $339,808,677 $24,086,854
2020 $27,944,078 $14,103,470 $240,751,111 $13,840,608
2019 $22,110,681 $14,450,688 $237,594,328 $7,659,993
2018 $30,709,339 $14,689,054 $230,384,334 $16,020,285
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