Stockton University Foundation
Nonprofit profile at a glance
- EIN
- 221957406
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2020
- Location
- Galloway, NJ, USA
- Phone
- 6096263546
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $20,368,695
- Expenses
- $3,188,414
- Assets
- $75,923,975
- Liabilities
- $268,548
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
41 people listed
Executive titles in this filing
- DR JOE BERTOLINO (UNIVERSITY PRESIDENT)
- DANIEL NUGENT (EXECUTIVE DIRECTOR)
Highest reported compensation
- DR JOE BERTOLINO (UNIVERSITY PRESIDENT): $525,217 total reported compensation
- DANIEL NUGENT (EXECUTIVE DIRECTOR): $255,567 total reported compensation
- DR DONNA M ALBANO (BOARD MEMBER): $185,257 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Description of organization mission: the foundation was established in 1972 by friends of the university to provide for the philanthropic needs of stockton university. The foundation provides leadership and oversight and is responsible for raising stewarding and distributing funds in support of stockton university and its students. The foundations primary focus is to be a substantial source of financial assistance for a significant number of students and for strengthening the education capacity of the university.
What it reported doing in 2024
Stockton universitys scholarship program provides awards to undergraduate and graduate students primarily on a competitive basis some awards are restricted to needs-based criteria. 885 students received scholarship awards in fy25. These awards are made from the foundations permanently restricted endowment funds as well as through current-use gifts and through the foundations general scholarship funds.
Operating model
- Revenue model
- Donor-supported. 69% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 77% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 71
- Accountability: 91
- Sustainability: 92
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.3%; rating input score 65
- Program expense ratio: 86.3%; rating input score 86
- Fundraising efficiency: $74.7 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.7%; rating input score 93; 25th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 84.3%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 23.81; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
- Officer compensation ratio: 4.8%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 5.8% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 7.3% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 65.3% of revenue deployed · 86.3% of spending went to programs
- Governance: 38 of 41 board members independent · 7 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $2.8M in reported program spending
- Leadership: top reported pay $525K · 41 people listed · 0 of 6 pay-setting controls reported
- Consistency: 49 of 49 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Review — Sustainability: Officer compensation ratio scored 52/100.