U C Riverside Foundation
- Assets
- $204.7m
- Revenue
- $24.6m
- Investments
- $194.4m
- Employees
- 0
- Location
- Riverside, CA
- Founding
- 03/1975
- Data as of
- 06/2020
- EIN
- 23-7433570
Organization Overview
U C Riverside Foundation is located in Riverside, CA. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U C Riverside Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, U C Riverside Foundation generated $24.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $13.3m during the year ending 06/2020. While expenses have increased by 5.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EDUCATIONAL, RESEARCH, AND PUBLIC FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS, FELLOWSHIPS, AWARDS AND OTHER SUPPORT OF FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA.
THE FOUNDATION RECEIVES, RECORDS AND MANAGES GIFTS FROM INDIVIDUALS, CORPORATIONS, ORGANIZATIONS AND FOUNDATIONS FOR THE SOLE BENEFIT OF UC RIVERSIDE IN ACCORDANCE WITH DONORS' WISHES. THE FOUNDATION PAYS A PERCENTAGE OF GIFTS RECEIVED, REFERRED TO AS GIFT FEES, AND A PERCENTAGE OF ENDOWMENT EARNINGS, KNOWN AS ENDOWMENT FEES, TO UC RIVERSIDE TO OFFSET THE CAMPUS COSTS OF ADMINISTERING AND CARRYING OUT THE TERMS OF THE ENDOWMENT AND TO HELP SUPPORT COSTS OF THE CAMPUS AND IN PARTICULAR THOSE RELATED TO ADVANCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Hawley Chair | OfficerTrustee | 1 | $0 |
Allison Campbell Chair Elect | OfficerTrustee | 1 | $0 |
Erik Anderson Treasurer | OfficerTrustee | 1 | $0 |
Peter Hayashida President | Officer | 1 | $0 |
Essam Ulhaq Associate Treasurer | Officer | 36 | $0 |
Kim Mcdade VP Finance And CFO | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,403,146 |
| Investment income | $1,351,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,878,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,632,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,709 |
| Fees for services: Lobbying | $100,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $307,562 |
| Fees for services: Other | $45,347 |
| Advertising and promotion | $0 |
| Office expenses | $28,846 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,293,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,452,497 |
| Savings and temporary cash investments | $5,898,340 |
| Pledges and grants receivable | $2,306,526 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $569,488 |
| Investments—other securities | $194,436,003 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $204,662,854 |
| Accounts payable and accrued expenses | $2,043,628 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $529,091 |
| Total liabilities | $2,572,719 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $202,090,135 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that U C Riverside Foundation has recieved totaling $38,000.
| Awarding Organization | Amount |
|---|---|
Caners Foundation Endowment For Research Scholarship Sacramento, CA PURPOSE: RESEARCH AWARD | $38,000 |
Endowment Analysis
| Beg. Balance | $193,196,234 |
| Earnings | $66,024,138 |
| Admin Expense | $190,206 |
| Net Contributions | $9,901,444 |
| Other Expense | $1,368,002 |
| Grants | $7,963,604 |
| Ending Balance | $259,600,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |
California State University Long Beach Research Foundation Long Beach, CA | $178,267,984 | $49,511,748 |
The Claremont Colleges Inc Claremont, CA | $182,085,874 | $52,502,841 |
California Polytechnic State University Foundation San Luis Obispo, CA | $434,195,321 | $44,339,782 |
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
University Of Nevada Las Vegas Foundation Las Vegas, NV | $436,194,901 | $57,839,511 |
Campanile Foundation San Diego, CA | $517,706,793 | $63,277,722 |
Csula Auxiliary Services Inc Los Angeles, CA | $54,210,339 | $35,550,804 |