2025-03-25T15:24:36-05:00 2024-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2023-07-01 222681317 NEW JERSEY ASSOCIATION OF STATE COLLEGES & UNIVERSITIES NEWJ 6099891100 150 WEST STATE STREET TRENTON NJ 08608 JENNIFER KEYES-MALONEY EXECUTIVE DIRECTOR 6099891100 2025-03-25 1 1 GARRETT M HIGGINS P00543209 2017129800 2025-03-25 2023 2025-03-06 01:10:19Z JENNIFER KEYES-MALONEY 150 WEST STATE STREET TRENTON NJ 08608 312915 0 X WWW.NJASCU.ORG X 1985 NJ TO ADVOCATE FOR HIGHER EDUCATION AS A PUBLIC GOOD AND FOR THE COLLECTIVE VALUE OF THE STATE COLLEGES/UNIVERSITIES IN SERVING THE PUBLIC INTEREST AND THE STATE OF NEW JERSEY. 6 6 0 14 0 0 333501 272001 0 0 32264 40914 0 0 365765 312915 0 0 0 0 0 0 0 0 0 465341 383660 465341 383660 -99576 -70745 903844 877726 62565 107192 841279 770534 X TO SUPPORT, REPRESENT, AND ADVOCATE ON BEHALF OF NJ'S SEVEN FOUR-YEAR PUBLIC INSTITUTIONS OF HIGHER EDUCATION. 0 0 287745 0 0 THE NEW JERSEY ASSOCIATION OF STATE COLLEGES AND UNIVERSITIES (NJASCU), IS A NONGOVERNMENTAL ENTITY CREATED BY THE STATE LEGISLATURE [NJSA 18A:64-45 ET SEQ.] TO ADVANCE AND SUPPORT PUBLIC HIGHER EDUCATION IN NEW JERSEY. NJASCU'S PRIMARY MISSION IS TO REPRESENT ITS MEMBER INSTITUTIONS, ADVOCATE FOR HIGHER EDUCATION AS A PUBLIC GOOD, AND COMMUNICATE THE COLLECTIVE VALUE OF THE STATE COLLEGES/UNIVERSITIES IN SERVING THE PUBLIC INTEREST AND THE STATE OF NEW JERSEY.NJASCU ADVISES THE EXECUTIVE AND LEGISLATIVE BRANCHES OF STATE GOVERNMENT, AND OTHERS REGARDING MATTERS OF HIGHER EDUCATION POLICY AND SERVES AS A LIAISON TO ITS MEMBER INSTITUTIONS. THE ASSOCIATION SERVES AS THE PRINCIPAL INFORMATION RESOURCE ABOUT PUBLIC HIGHER EDUCATION IN NEW JERSEY AND THE CONTRIBUTIONS OF NEW JERSEY'S SEVEN SENIOR PUBLIC INSTITUTIONS OF HIGHER EDUCATION. NJASCU ROUTINELY COORDINATES COMMUNICATION AMONG ITS MEMBER INSTITUTIONS TO MAXIMIZE OPPORTUNITIES FOR COORDINATION AND COOPERATION. 287745 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X CHRIS STRINGER 6099891100 150 WEST STATE STREET TRENTON NJ 08608 ADAM J SABATH CHAIR 1.00 X X 0 0 0 MADELEINE DEININGER VICE CHAIR 1.00 X X 0 0 0 KEMI ALLI TRUSTEE 1.00 X 0 0 0 MARIA FALCA-DODSON TRUSTEE, THRU SEP 2023 1.00 X 0 0 0 FREDERICK L GRUEL TRUSTEE 1.00 X 0 0 0 CARLOS LEJNIEKS TRUSTEE 1.00 X 0 0 0 LINDA LEWIS TRUSTEE 1.00 X 0 0 0 EUGENE LEPORE EXECUTIVE DIRECTOR, THRU DEC 2023 35.00 X 198888 0 33514 JENNIFER KEYES-MALONEY EXECUTIVE DIRECTOR, EFF. APRIL 2024 1.00 X 0 0 0 198888 0 33514 1 0 1 1 0 272001 272001 40914 40914 312915 0 0 40914 23260 23260 3883 3163 720 16261 12196 4065 53558 40169 13389 1455 1091 364 2531 1898 633 1394 1045 349 PURCHASED SERVICES 266638 217173 49465 REPAIRS AND MAINTENANCE 14680 11010 3670 383660 287745 95915 0 852596 872726 18003 0 129855 129855 0 0 33245 5000 903844 877726 34086 107192 28479 0 62565 107192 X 841279 770534 841279 770534 903844 877726 -70745 0 X X 0 1 X 1 0 X 835148 368201 336199 333501 272001 2145050 835148 368201 336199 333501 272001 2145050 2145050 14191 11455 8665 32264 40914 107489 2252539 0.95230 0.96940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 383660 383660 76732 19183 0 0 121392 94317 93068 76732 385509 578264 30348 23579 23267 19183 96377 144566 39203 39203 0 90652 90652 0 0 X 312915 0 312915 0 312915 383660 0 383660 0 383660 PART X, LINE 2: THE ASSOCIATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ASSOCIATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2021. 0 0 0 0 0 0 0 0 0 EUGENE LEPORE EXECUTIVE DIRECTOR, THRU DEC 2023 198888 0 0 0 0 0 0 0 33514 0 232402 0 0 0 PART VII, LINE 5 EUGENE LEPORE, EXECUTIVE DIRECTOR, IS EMPLOYED AND COMPENSATED BY NEW JERSEY CITY UNIVERSITY, AN UNRELATED PARTY. HE DEVOTES 100% OF HIS TIME TO NEW JERSEY ASSOCIATION OF STATE COLLEGES & UNIVERSITIES AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, HAS 100% OF HIS COMPENSATION ALLOCATED TO THE ORGANIZATION ($198,888). FORM 990, PART VI, SECTION A, LINE 2 EXECUTIVE DIRECTOR EUGENE LEPORE AND TRUSTEE CARLOS LEJNIEKS HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION SHALL CONSIST OF SEVEN (6) VOTING MEMBERS TO BE APPOINTED AS FOLLOWS: ONE MEMBER FROM EACH OF THE STATE COLLEGES/UNIVERSITIES' TRUSTEE BOARDS. IN ADDITION, THE PRESIDENTS OF THE MEMBER INSTITUTIONS SHALL SERVE AS EX OFFICIO NON-VOTING MEMBERS AND, IN THE ABSENCE OF THEIR TRUSTEE MEMBER, AS ALTERNATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SHALL ANNUALLY ELECT THE OFFICERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. A DRAFT 990 IS EMAILED TO THE FINANCE COMMITTEE OF THE BOARD. IT IS DISCUSSED WITH THIS COMMITTEE VIA A ZOOM CALL IN WHICH THE EXTERNAL AUDITORS ARE INCLUDED TO ANSWER ANY QUESTIONS. THE DRAFT 990 IS SUBSEQUENTLY SENT TO THE FULL BOARD PRIOR TO A MEETING THAT INCLUDES A DISCUSSION OF THE AUDITED FINANCIAL STATEMENTS AND THE 990. THE EXECUTIVE DIRECTOR LEADS THE DISCUSSION IN BOTH MEETINGS. A COMPLETE COPY OF THE FINAL FORM 990 IS PROVIDED ELECTRONICALLY TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST SHALL EXIST WHEN (A) ANY MEMBER OF THE NJASCU BOARD OF DIRECTORS IS AN EMPLOYEE, OFFICER, DIRECTOR, TRUSTEE, STOCKHOLDER (MORE THAN 1% OF THE OUTSTANDING SHARES) OR PARTNER IN, OR AN ATTORNEY FOR OR OTHER SIGNIFICANT SERVICE PROVIDER OR PRODUCT SUPPLIER OF, (I) A CLOSELY-HELD, NON-PUBLICLY TRADED CORPORATION OR OTHER SUCH ENTITY, OR (II) A PUBLICLY TRADED CORPORATION OR OTHER SUCH ENTITY; AND (B) SUCH ENTITY DOES, OR PROPOSES TO DO, ANY FINANCIAL TRANSACTION WITH ASCU INVOLVING THE EXCHANGE OF ANYTHING HAVING A VALUE OF $1,000 OR MORE. A CONFLICT OF INTEREST MAY EXIST UNDER OTHER CIRCUMSTANCES AS SET FORTH IN ITEM (1) IN THE FIRST SENTENCE. ANY CONFLICT OF INTEREST ON THE PART OF ANY MEMBER OF THE BOARD OF DIRECTORS, OR ANY MEMBER OF THE IMMEDIATE FAMILY OF A BOARD MEMBER (SPOUSE AND CHILDREN, INCLUDING ADULT CHILDREN) OR ANYONE OCCUPYING THE SAME HOUSEHOLD AS THE DIRECTOR, SHALL BE DISCLOSED BY THE BOARD MEMBER TO THE BOARD OF DIRECTORS PROMPTLY, AS SOON AS THE CONFLICTING RELATIONSHIP IS ESTABLISHED, AND THEREAFTER AT LEAST ANNUALLY, AS LONG AS IT EXISTS; SUCH DISCLOSURE SHALL BE MADE A MATTER OF RECORD WITH THE SECRETARY. FURTHER, WHEN ANY SUCH INTEREST BECOMES RELEVANT TO ANY SUBJECT REQUIRING ACTION OF THE BOARD OF DIRECTORS, THE DIRECTOR HAVING A CONFLICT SHALL CALL IT TO ATTENTION OF THE CEO AND THE BOARD CHAIR, AND, IF THE MATTER IS BEING CONSIDERED BY A COMMITTEE OF THE BOARD, ALSO THE ATTENTION OF THE CHAIR OF SUCH COMMITTEE. THE MINUTES OF ANY MEETING AT WHICH THE SUBJECT INVOLVING THE CONFLICT IS DISCUSSED SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE CONFLICT DIRECTOR REFRAINED FROM DISCUSSION, EXCEPT TO THE EXTENT PROVIDED ABOVE, AND DID NOT VOTE ON THE SUBJECT. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ASSOCIATION COMPLIES WITH NEW JERSEY'S OPEN PUBLIC RECORDS ACT (P L 2001, C 404, NJSA 47 A1A-1 ET SEQ) AND MAKES ALL OF ITS PUBLIC RECORDS - INCLUDING ITS GOVERNING DOCUMENTS, POLICIES TAX FORMS, AND FINANCIAL STATEMENTS - AVAILABLE UPON REQUEST THROUGH OUR APPOINTED RECORDS CUSTODIAN. PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.