THE BLOOMSBURG UNIVERSITY FOUNDATIONINC

EIN: 237088491 501(c)(3) Education

BLOOMSBURG, PA

Total Revenue
$14,102,476
Total Expenses
$13,070,215
Total Assets
$116,643,608
Net Assets
$100,177,251
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
PA
Principal Officer
JEROME DVORAK
Phone
5703894995
Tax Period
2024-07-01 to 2025-06-30

THE BLOOMSBURG UNIVERSITY FOUNDATIONINC, founded in 1970, is a mid-sized nonprofit in the Education sector that reported $14.1M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $13.1M left a modest 7% surplus.

Mission

THE BLOOMSBURG UNIVERSITY FOUNDATION, INC. INSPIRES AND STEWARDS PHILANTHROPY AND OTHER REVENUE GROWTH IN SUPPORT OF COMMONWEALTH UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $3,214,421 Revenue: $3,192,106

ACADEMIC PROJECTS - FUNDING PROVIDED BY THE BUF SUPPORTS A NUMBER OF ACADEMIC PROGRAMS THAT ENHANCE THE EDUCATIONAL EXPERIENCE FOR CU STUDENTS. PROJECTS FUNDED BY THE BUF COVER AREAS THAT INCLUDE...

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ACADEMIC PROJECTS - FUNDING PROVIDED BY THE BUF SUPPORTS A NUMBER OF ACADEMIC PROGRAMS THAT ENHANCE THE EDUCATIONAL EXPERIENCE FOR CU STUDENTS. PROJECTS FUNDED BY THE BUF COVER AREAS THAT INCLUDE, BUT ARE NOT LIMITED TO: ACADEMIC AND ATHLETIC PROGRAMS, ADVANCEMENT AND DEVELOPMENT, TRAVEL, PUBLIC SERVICE, EXTERNAL RELATIONS, ARTWORK AND RESEARCH. THESE PROGRAMS SERVE AS THE FOUNDATION OF THE PRINCIPAL RESOURCES FOR CU FACULTY, STAFF AND STUDENTS. THEY SUPPORT THE UNIVERSITY'S EFFORTS TO EXPAND PROFESSIONAL DEVELOPMENT AND EXPERIENTIAL LEARNING OPPORTUNITIES THAT OCCUR BEYOND THE CLASSROOM SETTING AND ARE VITAL IN PREPARING CU STUDENTS TO ENTER A COMPETITIVE WORKFORCE.

Program 2
Expenses: $2,626,060

GRANTS & SCHOLARSHIPS - THE BLOOMSBURG UNIVERSITY FOUNDATION (BUF) PROVIDES SCHOLARSHIPS AND AWARDS TO MORE THAN 890 STUDENTS AT COMMONWEALTH UNIVERSITY (CU). THESE SCHOLARSHIPS PROVIDE RESOURCES TO...

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GRANTS & SCHOLARSHIPS - THE BLOOMSBURG UNIVERSITY FOUNDATION (BUF) PROVIDES SCHOLARSHIPS AND AWARDS TO MORE THAN 890 STUDENTS AT COMMONWEALTH UNIVERSITY (CU). THESE SCHOLARSHIPS PROVIDE RESOURCES TO HELP RECRUIT STUDENTS, REWARD INCOMING FRESHMEN FOR THEIR HARD WORK AND TO RETAIN RETURNING STUDENTS. THIS SUPPORT IS INSTRUMENTAL IN HELPING THE UNIVERSITY REACH ITS GOAL OF PROVIDING A QUALITY EDUCATIONAL EXPERIENCE AT AN AFFORDABLE COST. IT ALLOWS CU TO BE A PREMIER PUBLIC COMPREHENSIVE UNIVERSITY, RECOGNIZED AS A CENTER FOR THINKING, LEARNING AND ACADEMIC EXCELLENCE. IT ALSO HELPS OUR UNIVERSITY TO CONTINUE TO ANTICIPATE AND ADDRESS THE CHANGING NEEDS OF THE COMMONWEALTH AND TO BE A DIVERSE COMMUNITY THAT PRODUCES POSITIVE CHANGE AND ENCOURAGES A CULTURE OF GOOD STEWARDSHIP OF OUR RESOURCES AND THE ENVIRONMENT, DEVELOPING INDIVIDUALS WHO WILL BE CONTRIBUTING CITIZENS.

Program 3
Expenses: $2,443,045

BLOOMSBURG UNIVERSITY FOUNDATION PROVIDES AFFORDABLE AND COMFORTABLE HOUSING FOR STUDENTS OF COMMONWEALTH UNIVERSITY IN PROPERTIES ADJACENT TO THE UNIVERSITY'S CAMPUS FOR A TOTAL OF 171 BEDS.

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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 $6,627,902
Program Service Revenue $3,049,203
Investment Income $4,417,145
Other Revenue $8,226
TOTAL REVENUE $14,102,476

Expense Breakdown

Grants Paid $5,408,833
Salaries & Benefits $2,786,337
Fundraising Expenses $2,586,020
Program Expenses $8,357,150
Other Expenses $4,875,045
TOTAL EXPENSES $13,070,215

Year-over-Year Comparison

2024 2023 Change
Revenue $14,102,476 $18,897,759 -0.3%
Expenses $13,070,215 $9,713,710 +0.3%
Net Income $1,032,261 $9,184,049 -0.9%
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
23
Independent Members
23
Employees
78
Volunteers
740

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
6
$262,276
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN JONES CHAIRMAN 3.00
Officer Director
$0 $0 $0
MICHAEL GILLESPIE VICE CHAIR 3.00
Officer Director
$0 $0 $0
CRAIG DIEHL TREASURER 1.00
Officer Director
$0 $0 $0
NICHOLAS GIUFFRE CORRESPONDING SECRETARY 1.00
Officer Director
$0 $0 $0
SUSAN FETTERMAN INTERIM SECRETARY 1.00
Officer Director
$0 $0 $0
HAROLD BAILEY DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BOGUSKI DIRECTOR 1.00
Director
$0 $0 $0
JULIE BREINER DIRECTOR 1.00
Director
$0 $0 $0
MARIA CANNON DIRECTOR 2.00
Director
$0 $0 $0
RONN CORT DIRECTOR 2.00
Director
$0 $0 $0
JAHRI EVANS DIRECTOR 1.00
Director
$0 $0 $0
SHARON GETTEL DIRECTOR 1.00
Director
$0 $0 $0
DREW HOSTETTER DIRECTOR 3.00
Director
$0 $0 $0
JULI MILLER DIRECTOR 1.00
Director
$0 $0 $0
CHRISTEN MOWAD DIRECTOR 1.00
Director
$0 $0 $0
JOHN MULKA DIRECTOR 1.00
Director
$0 $0 $0
JOEL SHOWALTER DIRECTOR 1.00
Director
$0 $0 $0
MARC STECKEL DIRECTOR 1.00
Director
$0 $0 $0
JOHN WOLAK DIRECTOR 2.00
Director
$0 $0 $0
IRVIN WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
TERRY ZEIGLER DIRECTOR 3.00
Director
$0 $0 $0
JEROME DVORAK EXECUTIVE DIRECTOR 40.00
Officer
$200,618 $61,658 $262,276
STEPHANIE ULMER VP OF ADVANCEMENT 40.00
Highest
$142,990 $43,273 $186,263
JOSEPH NEMETH MAJOR GIFT OFFICER 40.00
Highest
$127,827 $55,899 $183,726
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 $14,102,476 $13,070,215 $116,643,608 $1,032,261
2024 $18,897,759 $9,713,710 $111,148,107 $9,184,049
2023 $8,506,291 $9,023,204 $96,475,293 $-516,913
2022 $19,758,639 $7,773,316 $94,259,189 $11,985,323
2021 $7,727,266 $6,093,569 $97,551,907 $1,633,697
2020 $9,811,554 $6,184,468 $85,217,927 $3,627,086
2019 $10,643,796 $6,488,395 $79,201,986 $4,155,401
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