Newark Campus Development Fund FY2022 filing

Tax-deductible

Newark, OH501(c)(3)Colleges & UniversitiesEIN 31-1062282Revenue $5.4M in FY2022

On file with the IRSncdfund.orgPo Box 4217, 43058-4217 · Newark, OHTax-exempt since Jul 1983Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Newark Campus Development Fund is to support the Newark Campus of the ohio state university and central ohio technical college by funding scholarships, grants, innovative projects and capital improvements that are not provided by any other state resource. For 38 years, donors, businesses and organizations have participated in ncdf campaigns to create a beautiful college Campus where students receive the best of all worlds: a big 10 research-based education in a small, private, liberal arts setting. Local donors enjoy supporting funds and creating endowments at ncdf which is controlled locally by a board of trustees with deep roots within our community. With the partnership of generous generational donors and a committed board, the ncdf is able to provide access to education for all qualified and motivated individuals. Ncdf strives to maintain and enhance the level of educational technological excellence and close personalized attention at osu Newark and cotc.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$57K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.1M a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$57K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $2.8M
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.4M
-28% vs prior year
Spent
$4.3M
To programs
89%
Net assets
$46.2M
By yearFY2020–FY2024
Revenue
$5.4M
FY2022▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.4M
FY2021$7.5M
FY2022$5.4M
FY2023$5.6M
FY2024$5.2M
Expenses
$4.3M
FY2022▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.5M
FY2021$4.6M
FY2022$4.3M
FY2023$5.4M
FY2024$4.0M
Net assets
$46.2M
FY2022▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$44.1M
FY2021$55.6M
FY2022$46.2M
FY2023$45.4M
FY2024$54.8M

From the FY2022 Form 990 (year ending October 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $3.9M Management & general 10% · $427K Fundraising 1% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $57K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$57,166Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Roberts’s $62K as Executive Director is at the 10th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jennifer Roberts$61,823————
Jennifer Roberts -See Sch J—$57,398$57,166$59,797$54,565
Julie Deibel$37,387————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds scholarships, grants, projects, and improvements for Ohio State Newark and COTC.

Questions for Newark Campus Development Fund

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Provided by the organization

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1 program · $3.9M · in their own filed words · FY2021
01

The newark campus development fund (NCDF) acts as a conduit for generous donors to assist the growing needs of the newark campus. Established in 1983, NCDF has provided more than $46 million in scholarships, grants and capital investments.

$3.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 12 funders →
Grants paid · 14 grants · $21.3M · 2019–2023
The Ohio State University at NewarkFY2023$2,440,765
Central Ohio Technical CollegeFY2023$1,040,924
A Call to CollegeOH · FY2023$30,000
The Ohio State University at NewarkFY2022$4,202,728
Central Ohio Technical CollegeFY2022$671,216
A Call to CollegeOH · FY2022$29,100
The Ohio State University at NewarkFY2021$3,049,655
Central Ohio Technical CollegeFY2021$718,898
A Call to CollegeOH · FY2021$27,200
The Ohio State University at NewarkFY2020$3,245,278
Central Ohio Technical CollegeFY2020$772,143
A Call to CollegeOH · FY2020$26,600
The Ohio State University at NewarkFY2019$4,366,470
Central Ohio Technical CollegeFY2019$692,212

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$5.4M
Ln 12
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$2.6M
Money outPt IX
$4.3M
Ln 25
Programscol B$3.9M
Managementcol C$427K
Fundraisingcol D$35K
Owns and owesPt X
$46.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$46.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Government grantsLn 1e$50K
Noncash giftsLn 1g$3K
Investment incomeLn 3$2.6M
Gains on assetsLn 7$1.0M
Total revenueLn 12$5.4M
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$44.3M
Total assetsLn 16$46.2M
LiabilitiesLn 26$0
Net assetsLn 32$46.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.3M$1.9M
InvestmentsLn 11–13$54.3M$44.3M
Total assetsLn 16$55.6M$46.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$55.6M$46.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.8M$3.8M
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$321K$321K
Office expensesLn 13$2K$2K
Information technologyLn 14$5K$5K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$189K$64K$90K$35K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$4.3M$3.9M$427K$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.2M$4.0M$1.2M$54.8M 990 PDF
FY2023 $5.6M$5.4M$239K$45.4M 990 PDF
FY2022 Viewing $5.4M$4.3M$1.1M$46.2M 990 PDF
FY2021 $7.5M$4.6M$3.0M$55.6M 990 PDF
FY2020 $5.4M$5.5M−$123K$44.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $5,392,589 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,617,052$2,829,481
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,912,373$2,563,108
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,529,425$5,392,589
I-13 Grants and similar amounts paidPrior year $4,044,021$3,795,753
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $531,579$526,176
I-18 Total expensesPrior year $4,575,600$4,321,929
I-19 Revenue less expensesPrior year $2,953,825$1,070,660
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,392,589 across 7 lines filed
VIII-1e Government grants$50,000
VIII-1f All other contributions, gifts and grants$2,779,481
VIII-1g Noncash contributions (included above)$3,067
VIII-1h Total contributions, gifts and grants$2,829,481
VIII-3 Investment incomeExcluded from tax $1,553,195$1,553,195
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,009,913$1,009,913
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,563,108$5,392,589
Part IX · Statement of functional expenses $4,321,929 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $3,795,753$3,795,753
IX-11c Accounting feesManagement $2,785$2,785
IX-11f Investment management feesManagement $320,714$320,714
IX-13 Office expensesManagement $1,531$1,531
IX-14 Information technologyManagement $4,959$4,959
IX-23 InsuranceManagement $5,004$5,004
IX-24 Other expenses (24a–d)Programs $63,990 · Management $90,137 · Fundraising $35,162$189,289
IX-24e All other expensesManagement $1,894$1,894
IX-25 Total functional expensesPrograms $3,859,743 · Management $427,024 · Fundraising $35,162$4,321,929
Part X · Balance sheet $46,188,618 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $13,617$25,176
X-2 Savings and temporary cash investmentsStart of year $1,312,898$1,842,146
X-11 Publicly traded securitiesStart of year $51,000,450$40,558,276
X-12 Other securitiesStart of year $3,280,588$3,763,020
X-16 Total assetsStart of year $55,607,553$46,188,618
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $55,607,553$46,188,618
X-33 Total liabilities and net assetsStart of year $55,607,553$46,188,618
Part XI · Reconciliation of net assets $46,188,618 net assets at year end
XI-1 Total revenue$5,392,589
XI-2 Total expenses$4,321,929
XI-3 Revenue less expenses$1,070,660
XI-4 Net assets at start of year$55,607,553
XI-5 Net unrealized gains (losses) on investments−$10,489,595
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$46,188,618

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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