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Filing year 2023

RAMAPO COLLEGE FOUNDATION

Mahwah, New Jersey·EIN 51-0244756·NTEE B110 · Education·501(c)(3)
Total revenue
$5.2M
Total assets
$30.4M
Total expenses
$4.5M
Reported officers
65
Mission

THE RAMAPO COLLEGE FOUNDATION, FOUNDED IN 1971, IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NEW JERSEY FOR THE BENEFIT OF RAMAPO COLLEGE OF NEW JERSEY. IT PROVIDES UNRESTRICTED, RESTRICTED AND CAPITAL SUPPORT TO THE COLLEGE TO MEET THE ACADEMIC NEEDS OF APPROXIMATELY 6,000 STUDENTS AND A FACULTY AND STAFF OF APPROXIMATELY 800. THE COLLEGE HAS OVER 30,000 ALUMNI AND 3,000 FRIENDS, DONORS AND VOLUNTEERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in New Jersey.

Ex Officio, Exec. Dir.
Officer (Unspecified)
$174k
$195k
Base
$131k
Bonus
$13k
Other
$465
Benefits
$19k
CFO
Median to 75th percentile
$139k
$156k
Base
$104k
Bonus
Other
$3k
Benefits
$24k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 63 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at RAMAPO COLLEGE FOUNDATION equaled 4% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
4%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 34%
from 2022

From $130k in 2022 to $174k in 2023.

$130k
2022
$174k
2023
In today's dollarsEst.
Up 29% in real terms$151k to $195k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay rose 7% from 2022 to 2023, while revenue rose 28%.

$130k in 2022 to $139k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about RAMAPO COLLEGE FOUNDATION

What does the Chief Financial Officer of RAMAPO COLLEGE FOUNDATION earn?

In 2023, the Chief Financial Officer of RAMAPO COLLEGE FOUNDATION received $138,831 in total compensation. This pay is above the median (the midpoint) for Chief Financial Officer roles among Education organizations in New Jersey, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at RAMAPO COLLEGE FOUNDATION compare with similar nonprofits?

Compared with the same role at Education organizations in New Jersey, the 2023 pay of the Chief Financial Officer at RAMAPO COLLEGE FOUNDATION falls between the median and the 75th percentile. In 2023, the highest total compensation at RAMAPO COLLEGE FOUNDATION equaled 4% of the organization's total expenses. The median for education organizations is 7%.

What are RAMAPO COLLEGE FOUNDATION's revenue and expenses?

In 2023, RAMAPO COLLEGE FOUNDATION reported $5.2M in total revenue and $4.5M in total expenses on its IRS Form 990.

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