Raritan Valley Community College Foundation

SOMERVILLE, NJ EIN: 23-7138731 Website

Education

Please see Schedule O.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.3M

+6.6% YoY

Annual Giving

$701K

+33.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$701K

+33.5% YoY

About Raritan Valley Community College Foundation

Based on IRS filings

Raritan Valley Community College Foundation is a nonprofit organization focused on Education, based in SOMERVILLE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 1 grants totaling $701K. Net investment income was $211K.

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $2.8M (100%)

States

New Jersey

Cities

Somerville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,320,769	$4,990,871	$4,929,209
Revenue	$1,753,915	$1,049,932	$959,485
Expenses	$1,373,386	$1,195,609	$1,074,825
Qualifying Distributions	—	—	—
Net Investment Income	$210,922	$119,970	$135,886
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Raritan Valley Community College ($700,768).

Recipient	Purpose	Amount
Raritan Valley Community College Somerville, NJ	Student Programs	$700,768

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Dr Michael J McDonough	President	3	—
Allan Boomer	Chair	3	—
Elissa Santo	Vice Chair	3	—
John Trojan	Treasurer (VP of Finance and Facilities)	3	—
Gary C Woodring	Asst. Treasurer	3	—
Sean Fleming	Board Member	3	—
David Bunevich	Board member	2	—
Zachary Cole	Board member (student)	2	—
Alyssa Darden	Board member	2	—
Patrick Delaney	Board member	2	—
Michael Schewertfeger	Board member	2	—
Joel F Reyes-Guzman	Board member	2	—
Steven A Reichman	Board member	2	—
Dan Van Tran	Board member	2	—
Sandra Faragalla	Board member (student)	2	—
Sebastian Galvez	Board member	2	—
Parag S Jategaonkar	Board Member	2	—
Jomil London	Board member	2	—
Gene McCarthy	Board member	2	—
Raquel Mura	Board member	2	—
Michael Marion	Executive Director	2	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Raritan Valley Community College Foundation?

Raritan Valley Community College Foundation is a nonprofit organization focused on Education, based in SOMERVILLE, NJ. It holds $5.3M in total assets as of 2024.

How large is Raritan Valley Community College Foundation?

As of 2024, Raritan Valley Community College Foundation holds $5.3M in total assets with $1.8M in annual revenue. It awarded 1 grants totaling $701K in 2024.

Where does Raritan Valley Community College Foundation operate?

Raritan Valley Community College Foundation has awarded grants in New Jersey.

What size grants does Raritan Valley Community College Foundation award?

In 2024, Raritan Valley Community College Foundation awarded 1 grants totaling $701K — an average of about $701K per grant, based on its IRS Form 990 filings.

What is Raritan Valley Community College Foundation's EIN?

Raritan Valley Community College Foundation's EIN (Employer Identification Number) is 23-7138731. IRS Form 990 filing data is available on this page for 2020–2024.