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Newark Campus Development Fund

EIN 31-1062282 · Newark, OH

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceGood85 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF THE NEWARK CAMPUS DEVELOPMENT FUND, A PERPETUAL, LOCALLY CONTROLLED SOURCE OF FUNDING, 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.

Income
$31.5 million
Spending
$3.8 million
Spent on programs
87%
Reserves
Over 10 years of spending
Largest source of income
donations and private grants, 84%
Employees
3
Volunteers
13
Highest pay
$64,122, executive director

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 94% of charities in its peer group (education, $10m to $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 88% of income.

  • Income trend

    15 of 15

    Income rose 504% on the year before.

  • Spending floor

    15 of 15

    87% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 85 out of 100. Higher than 18% of charities in its peer group (education, $10m to $100m).

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $3.3 million spent. 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 $59 MILLION IN SCHOLARSHIPS, GRANTS AND CAPITAL INVESTMENTS. CAPITAL PROJECTS FUNDED INCLUDE THE CONSTRUCTION OF THE EVERETT REESE BELL TOWER, THE J GILBERT REESE TECHNOLOGY CENTER, THE JOHN AND CHRISTINE WARNER LIBRARY AND STUDENT CENTER AND THE JOHN AND MARY ALFORD CENTER FOR SCIENCE AND TECHNOLOGY, AS WELL AS PROVIDING FUNDS FOR TECHNOLOGICAL EQUIPMENT, PARKING, AND CAMPUS BEAUTIFICATION.THE HEADCOUNT AT OHIO STATE NEWARK IS 2,877 AND 1,966 AT COTC FOR AUTUMN SEMESTER 2025. THESE STUDENTS FACE INCREASING DIFFICULTIES PAYING FOR BOOKS & TUITION, JUGGLING MINIMUM WAGE JOBS AND COLLEGE COURSES, AS WELL AS LIVING EXPENSES OF YOUNG FAMILIES. UNRESTRICTED SCHOLARSHIP AND GRANT FUNDS HELP THE MOST TO MEET THE NEEDS OF STUDENTS. THE NCDF SUPPORTS PROJECTS AND SCHOLARSHIP NEEDS THAT STATE AND FEDERAL RESOURCES CANNOT.IN THE ACADEMIC YEAR ENDING ON JUNE 30, 2025, THE NCDF FUNDED 737 SCHOLARSHIPS AND 12 GRANTS.

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending October 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 1983.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

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