EIN 22-1551931

Independent Colleges and Universities of New Jersey A NJ Nonprofit Corporation

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
1953
Most recent tax filings
2023-06-01
Description
ICUNJ raises philanthropic support, providing college scholarships to students at 14 New Jersey-based, independent non-profit 4-year colleges and universities.
Also known as...
Independent College Fund of New Jersey
Total revenues
$1,978,046
2023
Total expenses
$1,809,169
2023
Total assets
$2,716,615
2023
Num. employees
7
2023

Program areas at Independent Colleges and Universities of New Jersey A NJ Nonprofit Corporation

Program service expenses represent the ongoing costs of operations to advance its mission. Program services support processing scholarships and the advancement of funding resources for students attending one of the 14 accredited, Independent, non-profitNonprofitit, four-year degree granting Colleges and Universities in the state of New Jersey. Grants given to A member institution encourages themes common to all: professional development promotion as it relates to student access, affordability and career readiness; technology advancement integration in academia and learning experiences; faculty development and campus preparedness to address learning, social and community matters; encourage awareness of global and cultural factors impacting our communities; inspire humanitarian service; and set A foundation for life-long learning. Funding contributes to the goal of educating and preparing students to contribute to the economic, social, intellectual and cultural aspirations of the communities in New Jersey where over 60% of the workforce pipeline live and work. In fy 23, the Independent Colleges and univerities of New Jersey, A NJ Nonprofit Corporation awarded 137 scholarships and offered 34 student research teams an opportunity to pursue their interests and present their findings at an annual symposium where presentations were judged by New Jersey industry professionals in seven different categories designed to build the "power" skills sought by employers. Seven grants were provided for programs that promote career explorations, foster engagement in healthcare careers and introduce technology as A tool for building knowledge and skills. Through board committees focused on developing New business relationships by promoting opportunities for academia, business and government to pursue collaborations; engaging New industries and businesses in higher education; and supporting the ongoing efforts of career services to promote experiential learning and career readiness. Board members donated time to participate in virtual sessions on interviewing and resume writing. The foundation for A larger program that brings industry leaders in to discuss changes in recruitment strategies, career advancement and job opportunities was established through outreach to career services leadership for 2024. Icunj adopted A 'lead by example' approach to utilization of interns. Students who demonstrated an interest in public policy worked over the summer on research elements and factors contributing to the case for support.students faced New challenges in A post-covid environment leading icunj to spearhead efforts to bring mental health resources to the forefront for its member institutions. Working with campus student affairs officers, the efforts were expanded to offer all 54 institutions of higher education in New Jersey an opportunity to learn from the efforts of their peers and external experts in mental health about how to provide accessible and ready services for students, hear about legislation that could impact campus services and programs; and build A resource list of auxiliary programs to address staffing and service openings. A statewide conference was held in january for over 500 higher education professionals at seton hall university. Icunj worked on the steering committee overseeing critical program areas.advocacy efforts continued to promote the availability of tuition aid grants for students expanding the availability of funding into the summer sessions. This allowed students to continue their education year-round decreasing the overall investment of time and funding while earning A degree.

Grants made by Independent Colleges and Universities of New Jersey A NJ Nonprofit Corporation

GranteeGrant descriptionAmount
Caldwell UniversityFurthering Education As An Exempt Purpose$63,167
Saint Peter's UniversityFurthering Education As An Exempt Purpose$54,277
Seton Hall University (SHU)Furthering Education As An Exempt Purpose$44,200
...and 11 more grants made

Who funds Independent Colleges and Universities of New Jersey A NJ Nonprofit Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Partners for HealthNursing Scholarships$105,000
Council of Independent Colleges (CIC)Grant To State Councils$45,930
Charities Aid Foundation of AmericaCharitable Donation$45,000
...and 3 more grants received

Personnel at Independent Colleges and Universities of New Jersey A NJ Nonprofit Corporation

NameTitleCompensation
Stephen R. ReynoldsPresident and Chief Executive Officer$239,220
R. David RousseauVice President
Louis ManzionePresident$144,690
David BeganDirector of Budget and Fiscal Analysis
Linda UhrigAdministrative Assistant Data Manager
...and 9 more key personnel

Financials for Independent Colleges and Universities of New Jersey A NJ Nonprofit Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,957,054
Program services$0
Investment income and dividends$53,389
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-39,764
Net income from fundraising events$1,249
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$6,118
Total revenues$1,978,046

Form 990s for Independent Colleges and Universities of New Jersey A NJ Nonprofit Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-11990View PDF
2021-062022-05-13990View PDF
2020-122021-10-13990View PDF
2019-122021-02-19990View PDF
...and 10 more Form 990s
Data update history
October 25, 2024
Updated personnel
Identified 1 new personnel
October 21, 2024
Received grants
Identified 1 new grant, including a grant for $105,000 from Partners for Health
July 15, 2024
Updated personnel
Identified 1 new personnel
July 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $45,930 from Council of Independent Colleges (CIC)
Nonprofit Types
Grantmaking organizationsTrade associationsBusiness and community development organizationsSchoolsCharities
Issues
EducationBusiness and industry
Characteristics
MembershipsPolitical advocacyProvides grantsLobbyingFundraising eventsState / local levelEndowed supportTax deductible donationsAccepts online donations
General information
Address
154 W State St
Trenton, NJ 08608
Metro area
Trenton-Princeton, NJ
County
Mercer County, NJ
Website URL
njcolleges.org/ 
Phone
(609) 218-5026
Facebook page
njcolleges 
IRS details
EIN
22-1551931
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1953
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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