San Francisco Bay University
- Assets
- $264.1m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 65
- Location
- Fremont, CA
- Founding
- 12/1984
- Data as of
- 12/2022
- EIN
- 94-2933165
Organization Overview
San Francisco Bay University is located in Fremont, CA. The organization was established in 1984. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2022, San Francisco Bay University employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Francisco Bay University 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 12/2022, San Francisco Bay University generated $14.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $11.4m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A HIGHER LEARNING ENVIRONMENT THAT MOTIVATES LEARNERS TO PURSUE INTELLECTUAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAN FRANCISCO BAY UNIVERSITY ("SFBU") OFFERS BACHELORS AND MASTERS PROGRAMS IN ENGINEERING AND BUSINESS. FOR MASTERS DEGREE STUDENTS, SFBU OFFERS ONSITE CLASSES AS WELL AS THE ONLINE MBA PROGRAM, WHICH WAS APPROVED BY WSCUC IN 2021. SFBU PROVIDES GUEST SPEAKER LECTURES, ORIENTATION, CAREER COUNSELING SERVICES, LIBRARY SERVICES, FIELD TRIPS, AND OTHER SERVICES TO SUPPORT STUDENT EDUCATION. MASTERS DEGREE STUDENTS ARE ALSO EXPOSED TO GRADUATE LEVEL CURRICULUM THAT ENABLE FUTURE SUCCESS IN THEIR FIELDS.
FOR BACHELORS DEGREE STUDENTS, SFBU OFFERS ONSITE CLASSES, GUEST SPEAKER LECTURES, ORIENTATION, CAREER COUNSELING SERVICES, LIBRARY SERVICES, FIELD TRIPS, AND OTHER SERVICES TO SUPPORT STUDENT EDUCATION. ON JUNE 26, 2020, NPU WAS ACCREDITED BY THE WASC SENIOR COLLEGE AND UNIVERSITY COMMISSION (WSCUC). ON DECEMBER 17, 2020, SFBU'S INTENSIVE ENGLISH PROGRAM WAS ACCREDITED BY THE COMMISSION ON ENGLISH LANGUAGE PROGRAM ACCREDITATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hsieh President | OfficerTrustee | 40 | $316,420 |
Hanno Sander Director | Trustee | 1 | $0 |
Ann Bishop Director | Trustee | 1 | $0 |
Elena Frost Director | Trustee | 1 | $0 |
Yuzhe Han Director | Trustee | 1 | $0 |
Johnny Yeh Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Loeb & Loeb Llp Legal Services | 12/30/22 | $333,440 |
Caplin & Drysdale Legal Services | 12/30/22 | $250,173 |
Emergent Llp Legal Services | 12/30/22 | $234,673 |
Tovella Dowling Pc Legal Services | 12/30/22 | $184,264 |
Jm O'neill Inc Construction Of New Campus | 12/30/22 | $106,248 |
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 | $1,674,008 |
| Investment income | $1,671,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$593,059 |
| Net Gain/Loss on Asset Sales | $7,636,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,754,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,164,825 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,251,015 |
| Compensation of current officers, directors, key employees. | $553,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,605,262 |
| Pension plan accruals and contributions | $75,650 |
| Other employee benefits | $116,995 |
| Payroll taxes | $233,254 |
| Fees for services: Management | $30,468 |
| Fees for services: Legal | $1,713,046 |
| Fees for services: Accounting | $293,137 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $309,914 |
| Office expenses | $313,546 |
| Information technology | $104,706 |
| Royalties | $0 |
| Occupancy | $279,014 |
| Travel | $8,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,154,364 |
| Insurance | $326,361 |
| All other expenses | $571,142 |
| Total functional expenses | $11,392,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,060,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,369 |
| 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 | $218,125 |
| Net Land, buildings, and equipment | $49,552,770 |
| Investments—publicly traded securities | $196,038,894 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $264,099,503 |
| Accounts payable and accrued expenses | $584,407 |
| Grants payable | $0 |
| Deferred revenue | $245,055 |
| 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 | $166,337 |
| Total liabilities | $995,799 |
| Net assets without donor restrictions | $263,103,704 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $264,099,503 |