SUSSEX COUNTY COMMUNITY COLLEGE FOUNDATION

EIN: 223785342 501(c)(3)

NEWTON, NJ

Total Revenue
$897,809
Total Expenses
$409,846
Total Assets
$4,847,704
Net Assets
$4,375,732
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NJ
Principal Officer
STAN KULA
Phone
9733002121
Tax Period
2024-07-01 to 2025-06-30

SUSSEX COUNTY COMMUNITY COLLEGE FOUNDATION, founded in 1983, is a small nonprofit that reported $898K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $488K, a strong 54% operating margin.

Mission

THE FOUNDATION FOR SUSSEX COUNTY COMMUNITY COLLEGE ENHANCES THE COLLEGE'S MISSION OF PROVIDING EDUCATIONAL EXCELLENCE AND CULTURAL OPPORTUNITIES TO THE RESIDENTS OF SUSSEX COUNTY AND BEYOND. THE FOUNDATION SUPPORTS THE MISSION THROUGH FUNDRAISING AND FRIEND - RAISING EFFORTS ON THE COLLEGE'S BEHALF. FUNDS ARE GENERATED THROUGH ANNUAL GIVING CAMPAIGNS, SPECIAL EVENTS, AND DIRECT CONTIRBUTIONS. THE FUNDS RAISING SUPPORT STUDENT SCHOLARSHIPS, INFRASTRUCTURE, AND EXPANSION.

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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 $823,405
Program Service Revenue $0
Investment Income $74,404
Other Revenue $0
TOTAL REVENUE $897,809

Expense Breakdown

Grants Paid $170,158
Salaries & Benefits $42,200
Fundraising Expenses $160,164
Program Expenses $170,158
Other Expenses $197,488
TOTAL EXPENSES $409,846

Year-over-Year Comparison

2024 2023 Change
Revenue $897,809 $574,789 +0.6%
Expenses $409,846 $382,769 +0.1%
Net Income $487,963 $192,020 +1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
N/A

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
$202,033
Total Directors
20
$202,033
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR KETAN GANDHI CHIEF FINANCIAL OFFICER 1.00
Officer Director
$0 $0 $43,950
ROGER THOMAS CHAIR 1.00
Officer Director
$0 $0 $0
JUDE DIGIDIO VICE CHAIR 1.00
Officer Director
$0 $0 $0
ALISSA ISAACSON MEMBER 1.00
Director
$0 $0 $0
JUDY TATERKA SECRETARY 1.00
Officer Director
$0 $0 $0
ANN BAIN MEMBER 1.00
Director
$0 $0 $0
DR JON CONNOLLY PRESIDENT 1.00
Director
$0 $0 $0
WILLIAM CURCIO MEMBER 1.00
Director
$0 $0 $0
MARYANNE FOX MEMBER 1.00
Director
$0 $0 $0
KURT GEWECKE TRUSTEE CHAIR 1.00
Director
$0 $0 $0
CORY HOMER INTERIM PRESIDENT 1.00
Director
$0 $0 $0
DAN KENT MEMBER 1.00
Director
$0 $0 $0
SEAN MCGUIRE MEMBER 1.00
Director
$0 $0 $0
THERESA PAPPAN VP OF FINANCE/ADMINISTRATIVE SERVICES 1.00
Director
$0 $0 $0
HON LORRAINE PARKER MEMBER 1.00
Director
$0 $0 $0
DR ELIZABETH SILVERTHORNE TRUSTEE LIAISON 1.00
Director
$0 $0 $0
CANDICE SMITH TRUSTEE LIAISON 1.00
Director
$0 $0 $0
HEIDI WEBER MEMBER 1.00
Director
$0 $0 $0
HERBERT YARDLEY TRUSTEE CHAIR 1.00
Director
$0 $0 $0
STAN KULA EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $40,714 $158,083
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 $897,809 $409,846 $4,847,704 $487,963
2024 $574,789 $382,769 $3,794,536 $192,020
2023 $475,986 $409,878 $3,522,079 $66,108
2022 $976,636 $367,632 $3,087,916 $609,004
2021 $687,975 $431,982 $3,284,658 $255,993
2020 $679,378 $359,375 $2,726,110 $320,003
2019 $858,081 $377,649 $2,668,554 $480,432
2018 $406,877 $304,426 $2,250,697 $102,451
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