Montclair State University Foundation
Montclair State University Foundation reported $35.6 million in revenue and $14.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.40 went to program services, $15.65 to management and general costs and $1.95 to fundraising. Its largest source of revenue was contributions and grants: 87.0% of the total. The highest compensation it reported for one person was $152,791 (AVP - FINANCE). 1 person received more than $100,000 in reportable compensation. Revenue rose 242% 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 $15MFor 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 $36MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 87.0% | 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 | $152,791 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.05% | 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 | 134.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 25 of 25 | 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 expenseMontclair State University sustains it reputation for excellence in part by providing exceptional curricular and programmatic activities which foster a high quality learning environment. The foundation provides needed support to colleges/schools on the university campus towards this endeavor, augmenting state budgeted funds with additional funding for enhanced course curriculum, the operations of institutes which further learning, and other essential needs. Funding is received from individuals, corporations, private foundation and other sources. The foundation manages over 600 funds which…
The foundation manages in excess of 250 funds established to award scholarships for the student population of Montclair State University. Scholarship funds are available to students based on need or merit. Additionally, such funds permit the award to students at the admissions level and/or are restricted to a specific college/school, department, major or other defined criteria. Funding towards scholarships is generated from individuals, corporations, private foundations, events and other sources. Funds may be temporarily restricted or permanently restricted (endowed) based on donor intent.…
The foundation manages an annual event which is designed to increase donor connectivity, awareness of the needs of the university and the foundation, and to fulfill the mission of academic excellence. The event enables the foundation to provide resources for much needed support to university student athletes as they balance their athletic commitments with educational priorities. For fiscal 2025 the net proceeds of the golf outing were used in continued support of virtual broadcasting capabilities for all sporting events in a social media environment
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 |
|---|---|---|---|---|
| AVP - FINANCE Officer, 30.00 hrs/week | $138,170 | $0 | $14,621 | $152,791 |
1 people received more than $100,000 in reportable compensation from Montclair State University 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–1b25 · 25 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 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 650
Private foundation grants it received
26 private foundations reported grants to Montclair State University Foundation totaling $946K 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 Montclair State University 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 Montclair State University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Montclair State University Foundation spent in FY2025, $82.40 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Southern College of OptometryMemphis, TN · revenue $36M · programs 61.5% · FY2025
- American Community School of Abu DhabiUnited Arab Emirates, · revenue $36M · programs 100.0% · FY2025
- Trinity Valley SchoolFort Worth, TX · revenue $36M · programs 81.2% · FY2025
- Emmanuel CollegeUnited Kingdom, · revenue $36M · programs 87.0% · FY2025
- The Chicago School of Professional PsychologyChicago, IL · revenue $36M · programs 64.6% · FY2025
Questions people ask
How much of Montclair State University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Montclair State University Foundation reported that 82.4% of its $14.6 million in expenses went to program services, 15.7% to management and general and 2.0% to fundraising (Form 990, Part IX).
How much does Montclair State University Foundation pay its top executive?
The largest total compensation Montclair State University Foundation reported for one person in the fiscal year ending June 30, 2025 was $152,791, for the role of AVP - FINANCE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Montclair State University Foundation get its money?
Of $35.6 million in revenue in the fiscal year ending June 30, 2025, 87.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Montclair State University Foundation a registered charity?
The IRS lists EIN 22-6017209 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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 202640939349300204 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510739349301751 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202333529349300318 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340399349300434 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202123509349301447 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202023469349300907 · read the filing
All filings for EIN 22-6017209: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.