The College of New Jersey Foundation
The College of New Jersey Foundation reported $12.5 million in revenue and $7.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.66 went to program services, $18.34 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 59.4% of the total. The highest compensation it reported for one person was $183,604 (EXECUTIVE DIRECTOR - PART YEAR). 1 person received more than $100,000 in reportable compensation. Revenue rose 7% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $7.9MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 59.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $183,604 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.32% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 1 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 111.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 27 of 28 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSupport 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
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR - PART YEAR Director/trustee, officer, 13.00 hrs/week | $150,570 | $0 | $33,034 | $183,604 |
| EXECUTIVE DIRECTOR Director/trustee, officer, 13.00 hrs/week | $40,038 | $0 | $29,063 | $69,101 |
1 people received more than $100,000 in reportable compensation from The College of New Jersey Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b28 · 27 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 629
Private foundation grants it received
23 private foundations reported grants to The College of New Jersey Foundation totaling $238K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The College of New Jersey Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The College of New Jersey Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The College of New Jersey Foundation spent in FY2025, $81.66 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of The College of New Jersey Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, The College of New Jersey Foundation reported that 81.7% of its $7.9 million in expenses went to program services, 18.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The College of New Jersey Foundation pay its top executive?
The largest total compensation The College of New Jersey Foundation reported for one person in the fiscal year ending June 30, 2025 was $183,604, for the role of EXECUTIVE DIRECTOR - PART YEAR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The College of New Jersey Foundation get its money?
Of $12.5 million in revenue in the fiscal year ending June 30, 2025, 59.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is The College of New Jersey Foundation a registered charity?
The IRS lists EIN 22-2448189 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202610409349300901 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202520379349301417 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430449349301968 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320519349300887 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241129349301309 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101339349304435 · read the filing
All filings for EIN 22-2448189: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.