Program areas at Ramapo College Foundation
Unrestricted revenues are raised to fund a grant allocation process which allows faculty, staff and student organizations to apply for support through a competitive process. These grants support professional development, fund undergraduate research, support visiting lecturers or scholars. The Foundation also funds faculty fellowships for the College as well as sponsors special programs to advance the academic mission of the College.
The Foundation raises funds to support the renovations of College buildings, as well as various academic positions. This enhances the quality of teaching and learning on the campus and supports objectives as outlined in the College's strategic plan.
Raising funds to award need-based, merit-based, or study-abroad scholarships is a priority of the Foundation. 575 student scholarships were awarded in fiscal year 2023 totaling more than $827,000. Endowed scholarship principal increased by over $300,000 or 2%. The rate of return on all endowed investments increased 8.7% . Over the last 5 years there has been a 16% increase in the overall endowment value.
Who funds Ramapo College Foundation
Grants from foundations and other nonprofits
Personnel at Ramapo College Foundation
| Name | Title | Compensation | Date of data |
|---|
| Roseann Toscano | Chief Financial Officer / Comptroller | $100,431 | 2023-06-30 |
| Christopher Romano | Executive Director | $61,603 | 2024-05-02 |
| Angela Cristini | Past Former , Executive Director | $135,141 | 2023-06-30 |
| Eileen Comerford | Treasurer / Secretary / Governor | $0 | 2023-06-30 |
| Keith Dawkins | Secretary / Governor | $0 | 2023-06-30 |
| ...and 3 more key personnel |
Financials for Ramapo College Foundation
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $3,396,377 | $2,911,924 | 16.6% |
| Program services | $143,402 | $132,613 | 8.1% |
| Investment income and dividends | $592,122 | $718,423 | -17.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $16,402 | $22,581 | -27.4% |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $-115,820 | $-84,392 | -37.2% |
| Net income from gaming activities | $1,930 | $8,373 | -76.9% |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $4,034,413 | $3,709,522 | 8.8% |
Organizations like Ramapo College Foundation
| Organization | Type | Location | Revenue |
|---|
| Highline Schools Foundation for Excellence | 501(c)(3) | Burien, WA | $1,522,887 |
| Dutchess Community College Foundation | 501(c)(3) | Poughkeepsie, NY | $1,869,421 |
| Monroe Community College Foundation | 501(c)(3) | Rochester, NY | $6,860,251 |
| Foundation for Reading Area Community College | 501(c)(3) | Reading, PA | $1,876,136 |
| Sheridan College Foundation | 501(c)(3) | Sheridan, WY | $1,899,060 |
| Mclennan Community College Foundation Attn Wesley Livesay | 501(c)(3) | Waco, TX | $3,419,594 |
| Lone Star College Foundation (LSCF) | 501(c)(3) | The Woodlands, TX | $7,205,249 |
| San Mateo County Community Colleges Foundation | 501(c)(3) | San Mateo, CA | $4,063,014 |
| Valencia College Foundation | 501(c)(3) | Orlando, FL | $11,628,505 |
| The Community College of Baltimore County Foundation | 501(c)(3) | Baltimore, MD | $4,086,680 |
Data update history
August 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 12, 2024
Updated personnel
Identified 2 new personnel
August 2, 2024
Received grants
Identified 4 new grant, including a grant for $100,000 from Gross Foundation July 30, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
School foundationsGrantmaking organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationProvides grantsFundraising eventsReceives government fundingEndowed supportGala fundraisersFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 505 Ramapo Valley Rd
- Mahwah, NJ 07430
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- Bergen County, NJ
- Website URL
- ramapo.edu/
IRS details
- EIN
- 51-0244756
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1971
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B11: Education Single Organization Support
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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