Csulb 49er Foundation

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.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ruffalo Noel And Levitz Llc
Telefund Fundraising Management
$136,583
Bentz Whaley Flessner & Associates
Campaign Counsel
$108,792
View All Vendors

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

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Csulb 49er Foundation
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