Nonprofit · EIN 22-1551931
INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP
Tax-exempt · TRENTON, NJ 08608
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,896,931 | $1,775,483 | $121,448 | $2,948,850 | $604,697 | $2,344,153 |
| June 30, 2024 | 990 | $1,839,854 | $1,704,452 | $135,402 | $2,706,630 | $569,989 | $2,136,641 |
| June 30, 2023 | 990 | $1,978,046 | $1,809,169 | $168,877 | $2,716,615 | $787,969 | $1,928,646 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,820,496
- Membership dues
- $1,109,910
- Program service revenue
- $0
- Investment income
- $86,123
- Net gain from sales of assets
- $16,778
- Net income from fundraising events
- -$12,019
- Other revenue
- -$9,688
Expenses
- Grants and similar amounts paid
- $678,657
- Compensation of officers, directors and key employees
- $686,014
- Other salaries and wages
- $138,853
- Salaries, compensation and benefits (total)
- $896,633
- Professional fundraising fees
- $0
- Accounting fees
- $48,730
- Occupancy
- $43,991
- Travel
- $11,903
- Depreciation
- $2,060
- Program services (functional)
- $1,274,735
- Management and general (functional)
- $374,882
- Fundraising (functional)
- $125,866
Balance sheet and other
- Total assets, start of year
- $2,706,630
- Total assets, end of year
- $2,948,850
- Total liabilities, end of year
- $604,697
- Net assets, end of year
- $2,344,153
- Land, buildings and equipment
- $4,777
- Publicly traded securities
- $12,912
- Net assets without donor restrictions
- $1,200,957
- Net assets with donor restrictions
- $1,143,196
- Gross receipts
- $1,935,851
- Employees
- 5
- Volunteers
- 48
- Year formed
- 1953
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN R REYNOLDS ESQ | PRESIDENT Officer | 40 | $235,220 | $52,244 |
| R DAVID ROUSSEAU | VICE PRESIDENT Officer | 40 | $194,009 | $22,493 |
| MARYALICE BREUNINGER | VICE PRESIDENT Officer | 40 | $113,070 | $54,165 |
| HUBERT BENITEZ DDS PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL J AVALTRONI PHD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GARY B CROSBY PHD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR MICHAEL AVALTRONI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NARIMAN FARVARDIN PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR EUGENE CORNACCHIA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICK F LEAHY PHD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GARY B CROSBY PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MILDRED MIHLON PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HILARY A PARKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HILARY L LINK PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREGORY G DELL'OMO PHD | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY D SENESE PHD | TRUSTEE Trustee or director | 1 | $0 |
| MSGR JOSEPH R REILLY STL PHD | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN R REYNOLDS ESQ | PRESIDENT Officer | 40 | $239,220 | $51,010 |
| R DAVID ROUSSEAU | VICE PRESIDENT Officer | 40 | $190,095 | $22,113 |
| MARYALICE BREUNINGER | VICE PRESIDENT Officer | 40 | $110,310 | $52,395 |
| HUBERT BENITEZ DDS PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL J AVALTRONI PHD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GARY B CROSBY PHD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JACK CALLAHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NARIMAN FARVARDIN PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TANYA L FREEMAN ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICK F LEAHY EDD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH R MARBACH PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MILDRED MIHLON PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DALE G CALDWELL EDD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HILARY A PARKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS J SPELLMAN III ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HILARY L LINK PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREGORY G DELL'OMO PHD | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN DRZYMKOWSKI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY D SENESE PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MSGR JOSEPH R REILLY STL PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN R REYNOLDS ESQ | PRESIDENT Officer | 40 | $239,220 | $36,888 |
| R DAVID ROUSSEAU | VICE PRESIDENT Officer | 40 | $185,780 | $2,740 |
| MARYALICE BREUNINGER | VICE PRESIDENT Officer | 40 | $107,621 | $41,991 |
| EUGENE J CORNACCHI PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL J AVALTRONI PHD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GARY B CROSBY PHD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JACK CALLAHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NARIMAN FARVARDIN PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TANYA L FREEMAN ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICK F LEAHY EDD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH R MARBACH PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MILDRED MIHLON PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DALE G CALDWELL EDD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HILARY A PARKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS J SPELLMAN III ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATIA PASSERINI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREGORY G DELL'OMO PHD | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN DRZYMKOWSKI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY D SENESE PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 154 W STATE ST, TRENTON, NJ 08608-1102
- Principal officer (990 for 2024)
- STEPHEN R REYNOLDS ESQ, 154 WEST STATE STREET, TRENTON, NJ 08608
- Signed the 990
- STEPHEN R REYNOLDS ESQ, PRESIDENT
- Phone
- (609) 218-5026
- Website
- WWW.NJCOLLEGES.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MISSION OF THE INDEPENDENT COLLEGES AND UNIVERSITIES OF NEW JERSEY, A NEW JERSEY NON-PROFIT CORPORATION IS TO ADVANCE THE INTERESTS OF NEW JERSEY'S INDEPENDENT, NON-PROFIT, PUBLIC MISSION INSTITUTIONS OF HIGHER EDUCATION BY PROMOTING ACCESS, AFFORDABILITY AND STUDENT SUCCESS THROUGH PUBLIC POLICY ADVOCACY, CORPORATE AND INDIVIDUAL PHILANTHROPY, AND EMPOWERING THE CHOICE OF THE BEST FIT FOR EACH STUDENT'S EDUCATIONAL, CULTURAL, AND ENVIRONMENTAL NEEDS.
Program accomplishments
- 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 13 ACCREDITED, INDEPENDENT, NON-PROFIT, 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 25, 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.Expenses $1,274,735 · grants $678,657
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-1551931
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1955
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,948,850
- Income (IRS master file)
- $1,935,851
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,896,931 | $1,775,483 | $2,948,850 | XML |
| 990 | June 2024 | $1,839,854 | $1,704,452 | $2,706,630 | IRS |
| 990 | June 2023 | $1,978,046 | $1,809,169 | $2,716,615 | XML |
| 990 | June 2022 | $1,680,818 | $1,942,614 | $2,289,692 | IRS |
| 990 | June 2021 | $307,234 | $373,990 | $1,922,379 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-1551931).
Questions about INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP
- What is the EIN of INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP?
- The employer identification number (EIN) of INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP is 22-1551931.
- Is INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1955.
- Are donations to INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP?
- The 990 for the year ended June 30, 2025 names STEPHEN R REYNOLDS ESQ.
- Who are the officers and directors of INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP?
- The 990 for the year ended June 30, 2025 lists 17 people; 3 received compensation from the organization, the highest $235,220 (STEPHEN R REYNOLDS ESQ, PRESIDENT).
- How much revenue does INDEPENDENT COLLEGES & UNIVERSITIES OF NEW JERSEY A NJ NP CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,896,931, expenses of $1,775,483 and total assets of $2,948,850 at year end.
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