Sonoma State Enterprises Inc
- Assets
- $6.7m
- Revenue
- $7.0m
- Investments
- $606.7k
- Employees
- 0
- Location
- Rohnert Park, CA
- Founding
- 07/1976
- Data as of
- 06/2024
- EIN
- 94-2342146
Organization Overview
Sonoma State Enterprises Inc is located in Rohnert Park, CA. The organization was established in 1976. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Sonoma State Enterprises Inc 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 06/2024, Sonoma State Enterprises Inc generated $7.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $7.6m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SONOMA STATE ENTERPRISES, INC. PROVIDES SERVICES TO THE CAMPUS OF SONOMA STATE UNIVERSITY.
Describe the Organization's Program Activity:
SONOMA STATE ENTERPRISES, INC. IS A NOT-FOR-PROFIT AUXILIARY CORPORATION OF SONOMA STATE UNIVERSITY, ESTABLISHED TO PROVIDE SERVICES THAT ARE CRUCIAL TO THE STUDENT LIFE OF THE CAMPUS. SONOMA STATE ENTERPRISES OPERATES ALL THE RETAIL AND DINING FUNCTIONS ON CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ming-Tung Mike Lee President, Ssu | OfficerTrustee | 1 | $0 |
Clayton Trent VP Of Finance | Trustee | 1 | $0 |
Cassandra Garcia As President | Trustee | 1 | $0 |
Jennifer Haynes Staff Representative, Ac | Trustee | 1 | $0 |
Kim Purdy Staff Representative, Fc | Trustee | 1 | $0 |
Dr Karen Moranski Provost And Vice President | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,534 |
| Investment income | $8,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $292,604 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,641,911 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,955,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $2,988,936 |
| Pension plan accruals and contributions | $497,540 |
| Other employee benefits | $730,061 |
| Payroll taxes | $124,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $360 |
| Fees for services: Accounting | $31,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,615 |
| Advertising and promotion | $41,056 |
| Office expenses | $128,203 |
| Information technology | $292,190 |
| Royalties | $4,474 |
| Occupancy | $1,685,610 |
| Travel | $7,469 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,247 |
| Interest | $8,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,978 |
| Insurance | $122,114 |
| All other expenses | $0 |
| Total functional expenses | $7,580,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,139,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $753,346 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $106,704 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,058,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $606,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,369 |
| Total assets | $6,678,329 |
| Accounts payable and accrued expenses | $2,043,931 |
| Grants payable | $0 |
| Deferred revenue | $102,406 |
| 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 | $347,965 |
| Total liabilities | $2,494,302 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,817,178 |
| Paid-in or capital surplus, or land, building, or equipment fund | $366,849 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,678,329 |
Grants Awarded
Over the last fiscal year, Sonoma State Enterprises Inc has awarded $4,551,198 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SONOMA STATE UNIVERSITY PURPOSE: SUPPORT TO THE UNIVERSITY | $4,277,798 |
HOUSING LAND TRUST OF SONOMA COUNTY PURPOSE: ASSIST THE CAMPUS WITH A WORKFORCE HOUSING PROJECT. | $273,400 |