Csusb Philanthropic Foundation
- Assets
- $68.0m
- Revenue
- $12.9m
- Investments
- $1.2m
- Employees
- 0
- Location
- San Bernardino, CA
- Founding
- 10/2011
- Data as of
- 06/2022
- EIN
- 45-2255077
Organization Overview
Csusb Philanthropic Foundation is located in San Bernardino, CA. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Csusb Philanthropic 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, Csusb Philanthropic Foundation generated $12.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $5.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Csusb Philanthropic Foundation has awarded 11 individual grants totaling $7,710,863. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE FUNDRAISING, ENCOURAGE DONATIONS FROM OUTSIDE PARTIES IN ORDER TO SUPPORT VARIOUS PROGRAMS AT CALIFORNIA STATE UNIVERSITY, SAN BERNARDINO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - COORDINATE SCHOLARSHIP DONATIONS WITH THE STUDENT AWARDED SCHOLARSHIPS.
OTHER ACTIVITIES - DESIGNATED GIFT ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tomas D Morales President | OfficerTrustee | 40 | $0 |
Robert J Nava Executive Director | OfficerTrustee | 40 | $0 |
Shari Mcmahan Provost & Vp, Academic Affairs | OfficerTrustee | 40 | $0 |
Paz Oliverez Vice President, Student Affairs | OfficerTrustee | 40 | $0 |
Samuel Sudhakar Vice President, Information Technology | OfficerTrustee | 40 | $0 |
Douglas R Freer Treasurer & Assistant Secretary | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $130,357 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,507,887 |
| Noncash contributions included in lines 1a–1f | $332,144 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,638,244 |
| Total Program Service Revenue | $0 |
| Investment income | $1,897,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,317,428 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,858,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,900,059 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,310 |
| Fees for services: Accounting | $22,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $193,036 |
| Fees for services: Other | $0 |
| Advertising and promotion | $123,321 |
| Office expenses | $645,339 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $112,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $277,629 |
| Interest | $0 |
| Payments to affiliates | $704,531 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,767 |
| All other expenses | $1,268 |
| Total functional expenses | $5,166,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695,038 |
| Savings and temporary cash investments | $12,654,679 |
| Pledges and grants receivable | $6,116,066 |
| Accounts receivable, net | $577,775 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $46,702,005 |
| Investments—other securities | $1,242,066 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,987,629 |
| Accounts payable and accrued expenses | $646,553 |
| Grants payable | $0 |
| Deferred revenue | $1,416,698 |
| 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 | $657,271 |
| Total liabilities | $2,720,522 |
| Net assets without donor restrictions | $9,952 |
| Net assets with donor restrictions | $65,257,155 |
| 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 | $67,987,629 |
Grants Awarded
Over the last fiscal year, Csusb Philanthropic Foundation has awarded $1,424,172 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SANTOS MANUEL STUDENT UNION OF CSUSB PURPOSE: TO PROVIDE ASSISTANCE TO STUDENTS THAT MEET SPECIFIC CRITERIA. | $14,881 |
CALIFORNIA STATE UNIVERSITY SAN BERNARDINO PURPOSE: TO PROVIDE ASSISTANCE TO STUDENTS THAT MEET SPECIFIC CRITERIA. | $1,096,985 |
UNIVERSITY ENTERPRISES CORPORATION PURPOSE: TO PROVIDE ASSISTANCE TO STUDENTS THAT MEET SPECIFIC CRITERIA. | $310,656 |
ASSOCIATED STUDENTS INCORPORATED PURPOSE: TO PROVIDE ASSISTANCE TO STUDENTS THAT MEET SPECIFIC CRITERIA. | $1,650 |