Chico State Enterprises
- Assets
- $47.0m
- Revenue
- $54.3m
- Investments
- $1.7m
- Employees
- 1,145
- Location
- Chico, CA
- Founding
- 04/1997
- Data as of
- 06/2022
- EIN
- 68-0386518
Organization Overview
Chico State Enterprises is located in Chico, CA. The organization was established in 1997. 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 06/2022, Chico State Enterprises employed 1,145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chico State Enterprises 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, Chico State Enterprises generated $54.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $52.8m during the year ending 06/2022. While expenses have increased by 5.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ASSIST THE EDUCATIONAL AND PUBLIC SERVICE FUNCTIONS OF CSU, CHICO.
Describe the Organization's Program Activity:
THE GENERATION AND ADMINISTRATION OF OVER 400 EXTERNALLY FUNDED TEACHING, RESEARCH AND SERVICE PROJECTS FROM FEDERAL, STATE, AND PRIVATE SOURCES (CONTRACTS AND GRANTS) EACH YEAR. THE MAJORITY OF THESE "SPONSORED PROGRAMS" PROVIDE EDUCATIONAL OPPORTUNITIES FOR STUDENTS AS WELL.
CAMPUS PROGRAMS OPERATE TO SUPPORT THE MISSION OF CHICO STATE ENTERPRISES AND SUPPORT CSU, CHICO. THESE PROGRAMS INCLUDE NON-CREDIT BEARING REGIONAL AND CONTINUING EDUCATION ACTIVITIES, AND UNIVERSITY PERFORMANCES WHICH PROVIDE BENEFITS TO BOTH CAMPUS AND THE COMMUNITY.
ADMINISTRATIVE SUPPORT IS PROVIDED TO ALL PROGRAMS OPERATING THROUGH CHICO STATE ENTERPRISES. THESE PROGRAMS PROVIDE EDUCATIONAL OPPORTUNITIES AND INCOME IN SUPPORT OF THE ACADEMIC PROGRAM. ADMINISTRATIVE SUPPORT IS ALSO GIVEN TO THE UNIVERSITY FOUNDATION, WHICH HANDLES ALL PHILANTHROPIC FUNDS FOR CSU, CHICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Treasurer/csu Chico VP Business And Finance | OfficerTrustee | 2 | $0 |
Name Not Listed Board President/csu Chico Provost | OfficerTrustee | 2 | $0 |
Name Not Listed Board Member/csu Chico VP Advancement | Trustee | 2 | $0 |
Name Not Listed Board Member/csu Chico College Dean | Trustee | 2 | $0 |
Name Not Listed Boar Member/csu Chico Faculty | Trustee | 2 | $0 |
Name Not Listed Board Member/csu Chico Faculty | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,471,185 |
| Government grants | $41,792,336 |
| All other contributions, gifts, grants, and similar amounts not included above | $605,323 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,868,844 |
| Total Program Service Revenue | $7,490,067 |
| Investment income | $1,087,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $68,243 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,016 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,745,452 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,299,081 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $258,685 |
| Grants and other assistance to domestic individuals. | $2,772,892 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,014 |
| Compensation of current officers, directors, key employees. | $212,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,618,326 |
| Pension plan accruals and contributions | $712,438 |
| Other employee benefits | $2,357,382 |
| Payroll taxes | $1,276,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,704 |
| Fees for services: Accounting | $71,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,713 |
| Fees for services: Other | $15,479,804 |
| Advertising and promotion | $375,001 |
| Office expenses | $622,344 |
| Information technology | $458,067 |
| Royalties | $0 |
| Occupancy | $212,337 |
| Travel | $580,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,487 |
| Interest | $24,894 |
| Payments to affiliates | $1,397,073 |
| Depreciation, depletion, and amortization | $1,271,000 |
| Insurance | $417,861 |
| All other expenses | $546,521 |
| Total functional expenses | $52,751,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,127,951 |
| Savings and temporary cash investments | $485,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,046,440 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $638,024 |
| Inventories for sale or use | $185,120 |
| Prepaid expenses and deferred charges | $245,409 |
| Net Land, buildings, and equipment | $9,272,389 |
| Investments—publicly traded securities | $9,450,196 |
| Investments—other securities | $1,749,921 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,804,276 |
| Total assets | $47,005,351 |
| Accounts payable and accrued expenses | $6,140,476 |
| Grants payable | $0 |
| Deferred revenue | $3,526,810 |
| 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 | $5,773,392 |
| Total liabilities | $15,440,678 |
| Net assets without donor restrictions | $0 |
| 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 | $31,564,673 |
| Total liabilities and net assets/fund balances | $47,005,351 |
Grants Awarded
Over the last fiscal year, Chico State Enterprises has awarded $925,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY CHICO PURPOSE: STUDENT SCHOLARSHIPS | $75,000 |
THE UNIVERSITY FOUNDATION CSU CHICO PURPOSE: ESTABLISH PRESIDENT'S PROMISE SCHOLARSHIP | $850,000 |