Csulb 49er Foundation
- Assets
- $155.6m
- Revenue
- $37.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 10/2011
- Data as of
- 06/2022
- EIN
- 45-2163910
Organization Overview
Csulb 49er Foundation is located in Long Beach, CA. The organization was established in 2011. 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. Csulb 49er 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 06/2022, Csulb 49er Foundation generated $37.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $21.9m during the year ending 06/2022. While expenses have increased by 12.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CSULB 49ER FOUNDATION IS TO ACTIVELY PROMOTE PHILANTHROPY AND MANAGE DONATED RESOURCES FOR THE ADVANCEMENT OF CSULB. THE FOUNDATION SERVES AS THE PHILANTHROPIC ORGANIZATION FOR THE UNIVERSITY, RECEIVING, INVESTING, MANAGING AND DISBURSING CHARITABLE GIFTS IN SUPPORT OF STUDENTS, FACULTY AND PROGRAMS AS DESIGNATED BY OUR DONORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO STUDENTS IN THE FORM OF SCHOLARSHIPS. DURING THE REPORTING PERIOD, A TOTAL OF 2,060 STUDENTS RECEIVED SCHOLARSHIPS.
PROVIDE FINANCIAL SUPPORT TO THE FACULTY AND PROGRAMS OF THE UNIVERSITY AS PER DONORS' SPECIFIC INSTRUCTIONS.SPENDING OCCURED IN THE FOLLOWING AREAS:-SUPPORT FOR ACADEMIC DEPARTMENTS, CHAIRS, AND PROGRAMS -$3,490,751-SUPPORT FOR STUDENT PROGRAMS AND DEPARTMENTAL ACTIVITIES -$941,172-SUPPORT FOR COMMUNITY SERVICE ACTIVITIES -$50,775-SUPPORT FOR OTHER INSTITUTIONAL ACTIVITIES - $400,078
SUPPORT FOR CAMPUS CAPITAL PROJECTS AND BUILDING MAINTENANCE FOR THE NEW KLEEFLED ART MUSEUM, THE NEW ALUMNI CENTER, AND THE BLAIR FIELD IMPROVEMENT AS PER DONORS' SPECIFIC INSTRUCTIONS. ONE TIME PROGRAMATIC EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Apel Treasurer (csulb VP Admin | OfficerTrustee | 1 | $0 |
Jeffrey D Cook Interim CEO | OfficerTrustee | 1 | $0 |
Kevin Crowe COO (csulb Avp Development | OfficerTrustee | 1 | $0 |
Christopher Reese Secretary (csulb Avp Univ | OfficerTrustee | 1 | $0 |
Jane Close Conoley Director (csulb President) | Trustee | 1 | $0 |
Jim Normandin Chair, Development | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruffalo Noel And Levitz Llc Telefund Fundraising Management | 6/29/21 | $136,583 |
Bentz Whaley Flessner & Associates Campaign Counsel | 6/29/21 | $108,792 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $108,641 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,611,645 |
| Noncash contributions included in lines 1a–1f | $5,322,399 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,720,286 |
| Total Program Service Revenue | $0 |
| Investment income | $2,885,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $55,726 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,670,551 |
| Net Income from Fundraising Events | $7,421 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,179,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,558,878 |
| 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 | $2,271,813 |
| Pension plan accruals and contributions | $153,301 |
| Other employee benefits | $647,538 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $340,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $525,853 |
| Fees for services: Other | $80,921 |
| Advertising and promotion | $37,837 |
| Office expenses | $979,398 |
| Information technology | $132,435 |
| Royalties | $0 |
| Occupancy | $325,661 |
| Travel | $301,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,717 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $38,313 |
| All other expenses | $0 |
| Total functional expenses | $21,912,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,646,065 |
| Pledges and grants receivable | $6,986,828 |
| Accounts receivable, net | $39,119 |
| 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 | $18,770 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $144,887,648 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,578,430 |
| Accounts payable and accrued expenses | $140,215 |
| Grants payable | $0 |
| Deferred revenue | $16,869 |
| 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 | $2,024,716 |
| Total liabilities | $2,181,800 |
| Net assets without donor restrictions | $13,488,025 |
| Net assets with donor restrictions | $139,908,605 |
| 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 | $155,578,430 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Csulb 49er Foundation has recieved totaling $35,123.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: PROJECT SUPPORT | $20,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $10,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $5,123 |
Endowment Analysis
| Beg. Balance | $109,666,865 |
| Earnings | -$14,354,367 |
| Admin Expense | $581,874 |
| Net Contributions | $16,906,805 |
| Other Expense | $1,733,383 |
| Grants | $1,726,429 |
| Ending Balance | $108,177,617 |
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 |