Educational Institutions

Independent College Fund of NJ

  • Summit, NJ
  • www.njcolleges.org

Mission Statement

Serving to broaden financial support for higher education in NJ, including  public awareness, fundraising, policy, encouraging corporate investment, state funding, scholarships, assistance programs, and diversity programs for New Jersey's private colleges and universities

Main Programs

  1. ICFNJ Scholarship Program - Investing In Students
Service Areas

Self-reported

New Jersey

Independent Colleges in New Jersey and their constituents

ruling year

1955

Principal Officer

Self-reported

Mr. John B. Wilson

Keywords

Self-reported

ICFNJ corporate sponsorship nj colleges nj universities minority enrollment fund for nj colleges and universities nj college funding corporate giving nj scholarships nj undergraduate scholarships middle states association of colleges and schools mutual assistance programs diversity programs independent college fund of new jersey AICUNJ state support for colleges NJ undergraduate schools NJ graduate schools

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Also Known As

ICFNJ

EIN

22-1551931

 Number

7824651638

Physical Address

797 Springfield Ave

Summit, NJ 07901 1107

Contact

Cause Area (NTEE Code)

Scholarships, Student Financial Aid, Awards (B82)

Education N.E.C. (B99)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

Investing in New Jersey's Independent Colleges helps:

Educate more than 67,000 students each year
Produce 25% of baccalaureate degrees; 39% of the graduate degrees while enrolling only 17% of the state's students
Educate more than 30% of the business, engineering, educaiton, physical science and nursing graduates in the state
Support the annual state economy with student and institutional spending of close to $8 billion
Enroll 72% of their students from New Jersey thereby saving the state $221 million per year

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

ICFNJ Scholarship Program - Investing In Students

Individual scholarship begin at $2500 but can be expanded to any amount.  Current scholarships support nursing, accounting, science and humanitarian service.  Scholarhip gifts can be made to support any of these programs or can be made to assist with new opportunities.  Investors may request selection of their scholars based on a specific criteria such as geographic region, academic major, career plans, grade point average, financial need or any combination of criteria. 
 
Today, 87% of all students attending ICFNJ's member institutions receive some sort of financial aid.  Our colleges and universities provide more than $342 million from their own budgets for financial assistance.  ICFNJ's scholarship program is seeking to close the financial gap and ensure that the benefits of a private higher education are available to all qualified students. 
 
ICFNJ can assist donors that want to provide scholarships for economically disadvanted and academically deserving students.  We manage a variety of scholarships programs by identifying and selecting students who match a strategic focus or meet a set of guidelines for giving. 
 
Investing in scholars today educates the work force of tomorrow.

Category

Education

Population(s) Served

Young Adults (20-25 years) -- currently not in use

Budget

$50,000.00

Service Areas

Self-reported

New Jersey

Independent Colleges in New Jersey and their constituents

Funding Needs

Contribute unrestricted general operating funds.  These contributions allow our member colleges and universities to direct money where it is most needed.  This is the most helpful and valuable way you can assist our 14 member institutions Fund Scholarship  Without this help, many deserving and talented students will not have the financial resources to choose an independent institution.

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

INDEPENDENT COLLEGE FUND OF NEW JERSEY
Fiscal year: Jan 01-Dec 31

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Operations

The people, governance practices, and partners that make the organization tick.

Independent College Fund of NJ

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2014, 2013 and 2012
  • Board Chair, Board Co-Chair and Board Members
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Principal Officer

Mr. John B. Wilson

Governance

BOARD CHAIR

mr. Anthony V. Bastardi

Strategic Development Group Incorporates/Construction Technology Corporation

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization


RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?