California State University San Marcos Corporation
- Assets
- $139.1m
- Revenue
- $28.3m
- Investments
- $8.4m
- Employees
- 719
- Location
- San Marcos, CA
- Founding
- 03/1991
- Data as of
- 06/2023
- EIN
- 33-0397688
Organization Overview
California State University San Marcos Corporation is located in San Marcos, CA. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, California State University San Marcos Corporation employed 719 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California State University San Marcos Corporation 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 06/2023, California State University San Marcos Corporation generated $28.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $26.8m during the year ending 06/2023. While expenses have increased by 9.7% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL AND PROGRAM ADMINISTRATIVE SUPPORT TO CALIFORNIA STATE UNIVERSITY SAN MARCOS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF RESEARCH AND TRAINING GRANTS AWARDED TO THE CAMPUS FACULTY FROM VARIOUS FEDERAL, STATE, AND OTHER GOVERNMENTAL AGENCIES AND PRIVATE FOUNDATIONS. FEDERAL GRANT REVENUES TOTALED $12.7 MILLION WHILE STATE AND LOCAL GOVERNMENT AGENCY GRANT REVENUES TOTALED APPROX. $2.2 MILLION. GRANTS AND AWARDS FROM PRIVATE FOUNDATIONS AND OTHER NON-GOVERNMENTAL ENTITIES TOTALED $328,000.
OPERATIONS OF THE EXTENDED LEARNING/STUDENT SERVICES BUILDING AND PARKING STRUCTURE (CONDOMINIUM INTEREST). ALSO INCLUDES EXPENSES INCURRED OR PAID BY THE CORPORATION AS PART OF ITS MANAGEMENT OF ON CAMPUS DINING SERVICES, WHICH ARE OUTSIDE OF THE DIRECT OPERATIONAL COSTS REFLECTED ON THE BOOKS OF THE UNRELATED THIRD-PARTY DINING SERVICES PROVIDER.
DEVELOPMENT AND MANAGEMENT OF THE ON-CAMPUS AND AFFILIATED OFF-CAMPUS STUDENT HOUSING PROGRAM WHICH MAY PROVIDE HOUSING AND STUDENT-LIFE ACTIVITIES FOR UP TO 1,886 STUDENTS.
PROVIDE FINANCIAL AND ADMINISTRATIVE SUPPORT SERVICES TO VARIOUS CAMPUS PROGRAMS AND ACTIVITIES. OTHER CAMPUS PROGRAMS FOR WHICH SERVICES WERE PROVIDED INCLUDE FACULTY RESEARCH DEVELOPMENT AND VARIOUS COMMUNITY OUTREACH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Bersi Vice Chairman | OfficerTrustee | 3 | $0 |
Leon Wyden Treasurer | OfficerTrustee | 3 | $0 |
Jason Schreiber Secretary | OfficerTrustee | 3 | $0 |
Carmen Rene Chairman | OfficerTrustee | 3 | $0 |
Christopher Thibodeau Director | Trustee | 1 | $0 |
Charles DE Leone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,933,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $328,494 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,261,721 |
| Total Program Service Revenue | $12,864,141 |
| Investment income | $165,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,250 |
| Net Gain/Loss on Asset Sales | $2,775 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,297,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,630,315 |
| Grants and other assistance to domestic individuals. | $2,206,936 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,529 |
| Compensation of current officers, directors, key employees. | $114,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,389,292 |
| Pension plan accruals and contributions | $323,945 |
| Other employee benefits | $1,357,582 |
| Payroll taxes | $535,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,168 |
| Fees for services: Accounting | $75,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,196,132 |
| Advertising and promotion | $0 |
| Office expenses | $434,168 |
| Information technology | $149,119 |
| Royalties | $0 |
| Occupancy | $1,113,243 |
| Travel | $378,266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,722,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,161,484 |
| Insurance | $262,051 |
| All other expenses | $313,129 |
| Total functional expenses | $26,780,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,062,569 |
| Savings and temporary cash investments | $13,036 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,727,526 |
| 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 | $56,053 |
| Net Land, buildings, and equipment | $19,750,498 |
| Investments—publicly traded securities | $7,271,787 |
| Investments—other securities | $8,401,861 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,844,004 |
| Total assets | $139,127,334 |
| Accounts payable and accrued expenses | $2,858,219 |
| Grants payable | $0 |
| Deferred revenue | $3,596,560 |
| Tax-exempt bond liabilities | $14,007,685 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $58,447,721 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,496,840 |
| Total liabilities | $119,407,025 |
| Net assets without donor restrictions | $19,720,309 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $139,127,334 |
Grants Awarded
Over the last fiscal year, California State University San Marcos Corporation has awarded $1,726,025 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY SAN MARCOS PURPOSE: CALIFORNIA STATE UNIVERSITY SAN MARCOS STUDENT SCHOLARSHIPS | $881,803 |
CALIFORNIA STATE UNIVERSITY SAN MARCOS PURPOSE: CONTRIBUTION TO CAMPUS | $844,222 |