WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION INC

EIN: 223160107 501(c)(3)

WAYNE, NJ

Total Revenue
$7,088,290
Total Expenses
$3,244,933
Total Assets
$59,627,843
Net Assets
$58,729,009
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NJ
Principal Officer
SANDRA DIAZ
Phone
9737202615
Tax Period
2024-07-01 to 2025-06-30

WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION INC, founded in 1992, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 54% operating margin.

Mission

THE MISSION OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. IS DEDICATED TO SECURE PHILANTHROPIC FUNDING THROUGH THE IDENTIFICATION AND PURSUIT OF PRIVATE GIFTS, GRANTS, AND ENDOWMENTS. THE FOUNDATION WILL BE THE STEWARD OF THESE FUNDS. IN DOING SO, THIS EFFORT WILL HELP POSITION WILLIAM PATERSON UNIVERSITY AS A PREEMINENT PUBLIC INSTITUTION OF HIGHER LEARNING IN NEW JERSEY. SUCCESS IN PART, WILL BE RECOGNIZED AS THE UNIVERSITY'S POSITION AMONG THE ACADEMIC AND BUSINESS COMMUNITY ADVANCES. THE FOUNDATION IS ALSO DEDICATED TO PROVIDE THE HIGHEST LEVEL OF CUSTOMER SERVICE TO OUR DONORS, MEMBERS OF THE UNIVERSITY COMMUNITY, AND OTHER CONSTITUENT GROUPS.

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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 $4,135,656
Program Service Revenue $0
Investment Income $2,964,251
Other Revenue $-11,617
TOTAL REVENUE $7,088,290

Expense Breakdown

Grants Paid $2,752,410
Salaries & Benefits $0
Fundraising Expenses $2,241
Program Expenses $2,765,020
Other Expenses $492,523
TOTAL EXPENSES $3,244,933

Year-over-Year Comparison

2024 2023 Change
Revenue $7,088,290 $5,474,176 +0.3%
Expenses $3,244,933 $2,638,085 +0.2%
Net Income $3,843,357 $2,836,091 +0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
23

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
5
$124,533
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON VAN DUYNE III CHAIR 0.50
Officer Director
$0 $0 $0
LAUREN LOCKER VICE CHAIR 0.50
Officer Director
$0 $0 $0
LINDA A NIRO TREASURER 0.50
Officer Director
$0 $0 $0
JENNIFER MAZAWEY ESQ SECRETARY 0.50
Officer Director
$0 $0 $0
RAFAEL CUELLAR BOARD MEMBER 0.50
Director
$0 $0 $0
DOMENICO DI MAIO BOARD MEMBER 0.50
Director
$0 $0 $0
JOSEPH DOURESS BOARD MEMBER 0.50
Director
$0 $0 $0
BILL DUFFY BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL FITZGERALD BOARD MEMBER 0.50
Director
$0 $0 $0
MICHELE GARCIA BOARD MEMBER 0.50
Director
$0 $0 $0
ALLAN GORAB BOARD MEMBER 0.50
Director
$0 $0 $0
FREDERICK GRUEL BOARD MEMBER 0.50
Director
$0 $0 $0
RICHARD HELLDOBLER BOARD MEMBER 0.50
Director
$0 $0 $0
CONSTANTINE LENAS BOARD MEMBER 0.50
Director
$0 $0 $0
KIRSTEN LOEWRIGKEIT BOARD MEMBER 0.50
Director
$0 $0 $0
RICHARD MILLER BOARD MEMBER 0.50
Director
$0 $0 $0
JAMES NALL BOARD MEMBER 0.50
Director
$0 $0 $0
GARY NAZARE BOARD MEMBER 0.50
Director
$0 $0 $0
FUNKE OLAYINKA MD BOARD MEMBER 0.50
Director
$0 $0 $0
MARY KAY SCUCCI BOARD MEMBER 0.50
Director
$0 $0 $0
FREDRIC SIROTA BOARD MEMBER 0.50
Director
$0 $0 $0
BRIAN WOOD BOARD MEMBER 0.50
Director
$0 $0 $0
PAMELA L FERGUSON PRESIDENT 14.00
Officer
$105,141 $19,392 $124,533
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 $7,088,290 $3,244,933 $59,627,843 $3,843,357
2024 No data No data No data No data
2023 $3,918,593 $2,914,263 $45,699,596 $1,004,330
2022 $5,809,697 $2,480,108 $42,041,439 $3,329,589
2021 $11,306,963 $2,110,773 $45,783,237 $9,196,190
2020 $5,949,292 $2,338,744 $33,240,278 $3,610,548
2019 $3,597,486 $2,371,681 $29,165,623 $1,225,805
2018 $3,586,789 $2,344,586 $27,791,134 $1,242,203
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