San Francisco State University Foundation
- Assets
- $183.7m
- Revenue
- $22.5m
- Investments
- $158.6m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 07/2009
- Data as of
- 06/2021
- EIN
- 26-1169717
Organization Overview
San Francisco State University Foundation is located in San Francisco, CA. The organization was established in 2009. 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. San Francisco State University 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 06/2021, San Francisco State University Foundation generated $22.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $12.6m during the year ending 06/2021. While expenses have increased by 18.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PRIVATE FINANCIAL SUPPORT TO ASSIST THE UNIVERSITY IN MEETING ITS EDUCATIONAL MISSION.
Describe the Organization's Program Activity:
THE FOUNDATION'S MAIN PROGRAM IS MANAGING ENDOWMENTS FOR SFSU. THE FOUNDATION MANAGES OVER $180,000,000 IN ENDOWMENTS. A FEW OF THE ENDOWMENTS LAM-LARSEN FUND FOR GLOBAL, THIS ENDOWMENT HAS 3 OBJECTIVES:PATHWAYS: CREATE NEW PATHWAYS TO SUCCESS FOR SF STATE STUDENT. INCLUSION: PROVIDE ALL SF STATE STUDENTS EQUAL ACCESS TO OPPORTUNITIES AND RESOURCES. IMPACT: YIELD POSITIVE OUTCOMES. SUPPORT OF $429,000 WAS SPENT FOR SALARY REIMBURSEMENT, CONSULTANTS AND PROGRAM SUPPORT.MASHOUF CTR PROVIDED $2,290,755 IN FUNDS FOR THE HEALTH AND WELLNESS CAPITAL PROJECT FOR FY 20-21. G & J MARCUS AWARDS FND FOR EXCELLENCE IN THE LIBERAL ARTS PROVIDED $426,000 IN FUNDING TO SUPPORT STUDENT AND FACULTY RESEARCH AND CREATIVE PROJECTS.THE FOUNDATION WAS ABLE TO MEET DONOR INTENT BY PROVIDING $3.5 MILLION IN SCHOLARSHIPS AND COLLEGE DEPARTMENT SUPPORT IN FY2020-2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Venesia Thompson-Ramsay Secretary/treasurer | OfficerTrustee | 18 | $0 |
Jeff Jackanicz Board President | OfficerTrustee | 21 | $0 |
Kimberly Brandon Board Chair | OfficerTrustee | 2 | $0 |
Taylor Safford Immediate Past Chair | OfficerTrustee | 1 | $0 |
Neda Nobar Vice-Chair | OfficerTrustee | 1 | $0 |
Lynn Mahoney President, Sf State | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The University Corporation Sf State Accounting Services | 6/29/21 | $213,743 |
Cambridge Associates Llc Investment Consultant | 6/29/21 | $141,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,617,626 |
| Noncash contributions included in lines 1a–1f | $69,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,642,626 |
| Total Program Service Revenue | $3,696,281 |
| Investment income | $1,000,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,139,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,479,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,098,830 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,664 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,574 |
| Fees for services: Accounting | $310,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,821,719 |
| Fees for services: Other | $4,608 |
| Advertising and promotion | $0 |
| Office expenses | $2,132 |
| 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 | $715 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,056 |
| All other expenses | $4,045 |
| Total functional expenses | $12,623,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,643 |
| Savings and temporary cash investments | $4,687,229 |
| Pledges and grants receivable | $50,412 |
| Accounts receivable, net | $45,657 |
| 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 | $78,277 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,553,091 |
| Investments—other securities | $158,577,509 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $183,676,818 |
| Accounts payable and accrued expenses | $430 |
| Grants payable | $0 |
| Deferred revenue | $50,412 |
| 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 | $86,255 |
| Total liabilities | $137,097 |
| Net assets without donor restrictions | $15,381,375 |
| Net assets with donor restrictions | $168,158,346 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $183,676,818 |
Grants Awarded
Over the last fiscal year, San Francisco State University Foundation has awarded $6,098,830 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: SCHOLARSHIPS AND CAMPUS PROGRAMS | $3,834,406 |
SAN FRANCISCO STATE UNIVERSITY PURPOSE: EDUCATIONAL SUPPORT | $2,264,424 |
Grants Recieved
Over the last fiscal year, we have identified 39 grants that San Francisco State University Foundation has recieved totaling $10,861,029.
| Awarding Organization | Amount |
|---|---|
Wayne & Gladys Valley Charitable Foundation Oakland, CA PURPOSE: GENERAL SUPPORT | $5,000,000 |
Stupski Foundation San Francisco, CA PURPOSE: TO SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF PREDICTIVE ANALYTICS AND PROACTIVE ADVISING. | $1,690,333 |
Stupski Foundation San Francisco, CA PURPOSE: TO SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF PREDICTIVE ANALYTICS AND PROACTIVE ADVISING. | $1,137,333 |
Paul G Allen Family Foundation Seattle, WA PURPOSE: TO SUPPORT BUILDING A MODEL OF A COMPLEX BRAIN UNCONSTRAINED BY SHARED EVOLUTIONARY HISTORY; SENSORI-MOTOR INTEGRATION AND PLASTICITY IN CEPHALOPOD MOLLUSCS | $500,000 |
Paul G Allen Family Foundation Seattle, WA PURPOSE: TO SUPPORT BUILDING A MODEL OF A COMPLEX BRAIN UNCONSTRAINED BY SHARED EVOLUTIONARY HISTORY; SENSORI-MOTOR INTEGRATION AND PLASTICITY IN CEPHALOPOD MOLLUSCS | $500,000 |
Paul G Allen Family Foundation Seattle, WA PURPOSE: TO SUPPORT BUILDING A MODEL OF A COMPLEX BRAIN UNCONSTRAINED BY SHARED EVOLUTIONARY HISTORY; SENSORI-MOTOR INTEGRATION AND PLASTICITY IN CEPHALOPOD MOLLUSCS | $500,000 |
Endowment Analysis
| Beg. Balance | $138,362,903 |
| Earnings | $34,602,190 |
| Admin Expense | $3,407,376 |
| Net Contributions | $4,579,344 |
| Other Expense | $2,264,424 |
| Grants | $3,714,291 |
| Ending Balance | $168,158,346 |
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 |