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THE MISSION OF THE INDEPENDENT COLLEGES AND UNIVERSITIES OF NEW JERSEY (ICUNJ), 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.THE ACTIVITIES OF THE ICUNJ ARE MANAGED BY ITS BOARD OF TRUSTEES WHICH HAS PRINCIPAL POLICY MAKING AND FIDUCIARY AUTHORITY FOR THE ICUNJ, EXCEPT FOR THOSE POWERS RESERVED TO THE MEMBERS. THE BOARD OF ADVISORS SUPPORTS THE BOARD OF TRUSTEES IN AN ADVISORY CAPACITY, ESPECIALLY AS TO ITS PHILANTHROPIC GOALS. THE PRESIDENT OF THE ICUNJ CARRIES OUT THE POLICY SET BY THE BOARD OF TRUSTEES AND IS RESPONSIBLE FOR THE DAILY OPERATIONS.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$1.9M
Program Spending
72%
of total expenses go to program services
Total Contributions
$1.8M
Total Expenses
▼$1.8M
Total Assets
$2.9M
Total Liabilities
▼$604.7K
Net Assets
$2.3M
Officer Compensation
→$686K
Other Salaries
$138.9K
Investment Income
$86.1K
Fundraising
▼$6,250
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2025 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $1.9M | $1.8M | $1.8M | $2.9M | $2.3M |
| 2023 | $2M | $2M | $1.8M | $2.7M | $1.9M |
| 2022 | $1.7M | $1.6M | $1.9M | $2.3M | $1.6M |
| 2021 | $307.2K | $296.6K | $374K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | |
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2025)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Stephen R Reynolds Esq | President | 40 | $235.2K | $0 | $52.2K | $287.5K |
| R David Rousseau | Vice President | 40 | $194K | $0 | $22.5K | $216.5K |
| Maryalice Breuninger | Vice President | 40 | $113.1K | $0 | $54.2K | $167.2K |
| Patrick F Leahy Phd | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Gregory G Dell'Omo Phd | Chair | 1 | $0 | $0 | $0 | $0 |
| Michael J Avaltroni Phd | Secretary | 1 | $0 | $0 | $0 | $0 |
Stephen R Reynolds Esq
President
$287.5K
Hrs/Wk
40
Compensation
$235.2K
Related Orgs
$0
Other
$52.2K
R David Rousseau
Vice President
$216.5K
Hrs/Wk
40
Compensation
$194K
Related Orgs
$0
Other
$22.5K
Maryalice Breuninger
Vice President
$167.2K
Hrs/Wk
40
Compensation
$113.1K
Related Orgs
$0
Other
$54.2K
Patrick F Leahy Phd
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gregory G Dell'Omo Phd
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael J Avaltroni Phd
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Dr Eugene Cornacchia | Trustee | 1 | $0 | $0 | $0 | $0 |
| Dr Michael Avaltroni | Trustee | 1 | $0 | $0 | $0 | $0 |
| Gary B Crosby Phd | Trustee | 1 | $0 | $0 | $0 | $0 |
| Hilary A Parker | Trustee | 1 | $0 | $0 | $0 | $0 |
| Hilary L Link Phd | Trustee | 1 | $0 | $0 | $0 | $0 |
| Hubert Benitez Dds Phd | Trustee |
Dr Eugene Cornacchia
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dr Michael Avaltroni
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gary B Crosby Phd
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $1.9M |
| $1.4M |
| 2020 | $1.3M | $1.3M | $1.3M | $1.9M | $1.4M |
| 2019 | $1.3M | $1.3M | $1.3M | $1.9M | $1.3M |
| 2018 | $1.4M | $1.4M | $1.5M | $1.8M | $1.2M |
| 2017 | $1.7M | $1.6M | $1.6M | $2.1M | $1.3M |
| 2016 | $1.7M | $1.6M | $1.6M | $1.9M | $1.2M |
| 2015 | $1.5M | $1.4M | $1.5M | $1.9M | $1.1M |
| 2014 | $1.7M | $1.6M | $1.7M | $2M | $1.2M |
| 2013 | $1.6M | $1.5M | $1.6M | $1.9M | $1.2M |
| 2012 | $1.6M | $1.6M | $1.6M | $1.8M | $1.1M |
| 2011 | $1.7M | $1.7M | $1.8M | $1.8M | $1M |
| 2022 | 990 | DataIRS e-File |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 2000 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Jeffrey D Senese Phd | Trustee | 1 | $0 | $0 | $0 | $0 |
| Mildred Mihlon Phd | Trustee | 1 | $0 | $0 | $0 | $0 |
| Msgr Joseph R Reilly Stl Phd | Trustee | 1 | $0 | $0 | $0 | $0 |
| Nariman Farvardin Phd | Trustee | 1 | $0 | $0 | $0 | $0 |
Hilary A Parker
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Hilary L Link Phd
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Hubert Benitez Dds Phd
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jeffrey D Senese Phd
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mildred Mihlon Phd
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Msgr Joseph R Reilly Stl Phd
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nariman Farvardin Phd
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0