California State University Channel Islands Foundation
- Assets
- $94.6m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Camarillo, CA
- Founding
- 07/1997
- Data as of
- 06/2023
- EIN
- 77-0433230
Organization Overview
California State University Channel Islands Foundation is located in Camarillo, CA. The organization was established in 1997. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. California State University Channel Islands 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 06/2023, California State University Channel Islands Foundation generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $5.0m during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 8 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 FURTHER THE EDUCATIONAL PURPOSE OF CALIFORNIA STATE UNIVERSITY, CHANNEL ISLANDS (CSUCI).
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND FELLOWSHIPS: PROVIDE FINANCIAL SUPPORT FOR STUDENTS THAT COULD INCLUDE TUITION AND OTHER EDUCATION RELATED EXPENSES BASED ON SCHOLARSHIP CRITERIA AND ELIGIBILITY.
OTHER PROGRAM EXPENSES: CHS NURSING $328,135LIBRARY PROGRAMS $294,971MVS BUSINESS PROGRAMS $276,700RESEARCH PROGRAMS $265,022PEER MENTOR $218,238OTP PROGRAMS $110,885SANTA ROSA FIELD STATION $109,880ACADEMIC AFFAIRS INTERNSHP FUND $88,721CDAE PROGRAMS $68,377 EXTENDED UNIVERSITY $68,000ARTS & SCIENCES PROGRAMS $57,520OTHER $ 32,651ECMC - DUAL ADMISSIONS $31,553RAC COSECHA $30,010CENTER FOR MULTICULTURAL ENGAGEMENT $26,093EDISON STEM & SRIRS $25,821EDUCATION PROGRAMS $24,738CAMPUS LIFE PROGRAMS $23,535CENTER FOR COMMUNITY ENGAGEMENT $21,525MICHELSON 20MM FOUNDATION $15,120CENTER FOR INTEGRATIVE STUDIES $13,058UNIVERSITY'S HIGHEST NEEDS $13,000BRUNO POZZI CASE MGMT.-DASS $10,879ECMC TRANSFER SUCCESS $9,634CENTER FOR INT'L AFFAIRS $8,385
UNRESTRICTED: UNRESTRICTED OPERATING COSTS FOR DIRECT FUND-RAISING RELATED EXPENDITURES, INDIRECT COSTS (I.E., SBS, PROCUREMENT, RISK MANAGEMENT, FISCAL SERVICES (ACCOUNTING, AP, AR, CASH MANAGEMENT/BANK RECONCILIATION), CONSULTING SERVICES, AND FUND-RAISING RELATED EVENTS (PDS, PGS, PCS).
ROI PROGRAMS: PROVIDES COLLEGE ACCESS TO FIRST-GENERATION STUDENTS WHOSE EDUCATIONAL AND ECONOMIC CIRCUMSTANCES HAVE LIMITED THEIR COLLEGE OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Yao Csuci President | OfficerTrustee | 1 | $0 |
Barbara Rex Treasurer, Ex-Officio | Officer | 1 | $0 |
Mark Lisagor Chair | OfficerTrustee | 1 | $0 |
Lois Rice Vice Chair | OfficerTrustee | 1 | $0 |
Chris Meissner Secretary | OfficerTrustee | 1 | $0 |
Cheryl Broome Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,892,755 |
| Noncash contributions included in lines 1a–1f | $127,789 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,892,755 |
| Total Program Service Revenue | $0 |
| Investment income | $1,563,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $332,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,875,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,317 |
| Grants and other assistance to domestic individuals. | $1,762,971 |
| 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 | $0 |
| Fees for services: Accounting | $111,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $268,725 |
| Fees for services: Other | $1,567,758 |
| Advertising and promotion | $12,202 |
| Office expenses | $50,152 |
| Information technology | $85,834 |
| Royalties | $0 |
| Occupancy | $103,400 |
| Travel | $97,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,291 |
| All other expenses | $38,870 |
| Total functional expenses | $4,996,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,090,020 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,235,799 |
| Accounts receivable, net | $22,848 |
| 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 | $31,718 |
| Net Land, buildings, and equipment | $47,893 |
| Investments—publicly traded securities | $77,655,871 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,558,606 |
| Total assets | $94,642,755 |
| Accounts payable and accrued expenses | $25,382 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $376,244 |
| Total liabilities | $404,626 |
| Net assets without donor restrictions | $4,786,958 |
| Net assets with donor restrictions | $89,451,171 |
| 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 | $94,642,755 |