THOMAS EDISON STATE UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THOMAS EDISON STATE UNIVERSITY FOUNDATION INC

EIN 22-2117814 · Education (B42I)

What they do

THE MISSION of THE FOUNDATION is to INSPIRE DONORS to INVEST IN THOMAS EDISON STATE UNIVERSITYS POWER to TRANSFORM LIVES and BUILD A MORE COMPETITIVE WORKFORCE BY EMPOWERING ADULTS to ATTAIN THEIR EDUCATIONAL GOALS.THOMAS EDISON STATE UNIVERSITY FOUNDATION is A NONPROFIT 501(C)(3) ORGANIZATION. WHILE INDEPENDENT of THOMAS EDISON STATE UNIVERSITY, THE FOUNDATION OPERATES EXCLUSIVELY for THE BENEFIT, SUPPORT and PROMOTION of THE UNIVERSITY and ITS EDUCATIONAL ACTIVITIES and MAY RECEIVE and INVEST BEQUESTS, GIFTS or TRANSFERS of PROPERTY or MONEY, and EXPEND ANY SUCH FUNDS or PROPERTY for THE INSTITUTIONS EDUCATIONAL PURPOSES.THE TWO MAIN EVENTS for FY25 WAS THE 31ST ANNUAL GOLF CLASSIC (MAY 2025) to SUPPORT THE TESU SCHOLARSHIP FUND and 2024 IMPACT AWARDS (OCTOBR 2024) to SUPPORT THE MISSION of TESUF.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

67.15%of revenue went to mission work83.1% of expenses · Program services

6.16%of revenue went to fundraising7.6% of expenses

$80.79spent for every $100 of revenueRevenue covered expenses this year.

7.48%of revenue went to management and office costs9.3% of expenses

$11.77in assets for every $1 spent this yearSome assets cannot be spent right away.

49.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $192,109 for MARY HEAGLEY (EXECUTIVE VP). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,605,726

Mission workProgram services$1,078,28567.15% of revenue83.1% of expenses

ManagementOffice and general costs$120,0597.48% of revenue9.3% of expenses

FundraisingAsking for donations$98,9436.16% of revenue7.6% of expenses

Revenue left after expensesReported annual surplus$308,43919.21% of revenueShown in gray on the chart

Total expenses$1,297,28780.79% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.1% mission · 9.3% management · 7.6% fundraisingTotal expenses: 80.79% of revenue

2023Expense mix: 75.4% mission · 13.6% management · 11.0% fundraisingTotal expenses: 55.88% of revenue

2022Expense mix: 84.2% mission · 7.5% management · 8.3% fundraisingTotal expenses: 120.51% of revenue

2021Expense mix: 82.1% mission · 9.2% management · 8.7% fundraisingTotal expenses: 40.30% of revenue

2020Expense mix: 84.3% mission · 6.9% management · 8.8% fundraisingTotal expenses: 61.06% of revenue

2019Expense mix: 85.0% mission · 5.5% management · 9.5% fundraisingTotal expenses: 79.83% of revenue

2018Expense mix: 85.9% mission · 9.2% management · 4.8% fundraisingTotal expenses: 92.71% of revenue

2017Expense mix: 84.0% mission · 13.9% management · 2.1% fundraisingTotal expenses: 70.42% of revenue

Money in and money out

Revenue$1,605,726

Expenses$1,297,287

Annual surplus $308,439 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,078,285 · 83.1% of expenses

Management and office costs$120,059 · 9.3% of expenses

Fundraising$98,943 · 7.6% of expenses

See all reported dollar amounts

Revenue$1,605,726

Expenses$1,297,287

Assets$15,265,396

Income$3,668,741

Contributions$798,540

Mission work (program services)$1,078,285

Fundraising$98,943

Grants given$7,147,580

Average grant$397,088

Management and general$120,059

Stocks and bonds$14,750,991

Accounting fees$35,754

Investing fees$73,595

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MARY HEAGLEYEXECUTIVE VP · 26 hrs/week $192,109Base $160,958 · Other $31,151

JACLYN JOWORISAKSECRETARY · 18 hrs/week $70,314Base $46,903 · Other $23,411

CHRISTOPHER STRINGERVP & CFO · 4 hrs/week $30,339Base $24,625 · Other $5,714

DR MERODIE HANCOCKPRESIDENT, EX-OFFICIO · 2 hrs/week $29,243Base $23,124 · Other $6,119

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

MARY HEAGLEYEXECUTIVE VP

JACLYN JOWORISAKSECRETARY

CHRISTOPHER STRINGERVP & CFO

DR MERODIE HANCOCKPRESIDENT, EX-OFFICIO

DR MICHAEL R TOSCANIDIRECTOR

WILLARD A STANBACK ESQDIRECTOR

STEVEN R KINGDIRECTOR

RONALD A GIMBELDIRECTOR

RICK ST JOHNDIRECTOR

NANCY S GLOORBOARD CHAIRMAN

MARTIN MELILLIDIRECTOR

LOVEPREET BUTTARDIRECTOR, THRU 07/12/24

JEFFREY STOKESDIRECTOR

JEFFREY RUSSODIRECTOR

JAMES KILGOREDIRECTOR

ERIC ROBERT LEARTREASURER

ALEX J BINDERDIRECTOR

DR MATTHEW W LAMBDIRECTOR

DR KIMBERLYNN KLEASENBOARD VICE CHAIR

DR DEBROAH MICANDIRECTOR

DR AHMED A AZMYDIRECTOR

DEBRA DARCANGELODIRECTOR

DANIEL R BRENNA JRDIRECTOR

CATINA R HOODDIRECTOR

CAROL VOORHEESDIRECTOR

BRUCE D GARGANIODIRECTOR

BRIAN T MALONEYDIRECTOR

About this charity

Recognized since: January 1978
Location: 111 WEST STATE STREET, TRENTON, NJ 08608
County: Mercer
In care of: CHRISTOPHER STRINGER
Primary officer: CHRISTOPHER STRINGER, VP & CFO

How to reach them

WebsiteVisit the charity’s website Phone(609) 984-1588

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: PKF OCONNOR DAVIES ADVISORY LLC
NTEE classification: Education (B42I)
Grant-giving organization: Yes