San Jose State University Research Foundation
- Assets
- $60.8m
- Revenue
- $56.0m
- Investments
- $2.0m
- Employees
- 1,223
- Location
- San Jose, CA
- Founding
- 07/1961
- Data as of
- 06/2022
- EIN
- 94-6017638
Organization Overview
San Jose State University Research Foundation is located in San Jose, CA. The organization was established in 1961. 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, San Jose State University Research Foundation employed 1,223 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Jose State University Research 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, San Jose State University Research Foundation generated $56.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $54.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION IS AN AUXILIARY ORGANIZATION OF SAN JOSE STATE UNIVERSITY AND THE CALIFORNIA STATE UNIVERSITY SYSTEM. THE FOUNDATION'S MISSION IS TO ADVANCE THE WELFARE OF THE UNIVERSITY AND ASSIST IN FULFILLING ITS OBJECTIVES, TO SUPPLEMENT PROGRAMS AND ACTIVITIES OF THE UNIVERSITY AND TO PROMOTE AND ASSIST THE EDUCATION SERVICES OF THE UNIVERSITY.
Describe the Organization's Program Activity:
SPONSORED PROGRAMS: PROVIDE GRANT AND CONTRACT PROPOSAL, DEVELOPMENT, AND SUPPORT AND ADMINISTRATION SERVICES TO SAN JOSE STATE UNIVERSITY FACULTY, GENERATING 379 PROPOSALS AND RECEIVING 291 AWARDS WORTH $64,736,838 DURING FISCAL YEAR ENDING JUNE 30, 2022. THE EXTERNALLY SURROUNDING COMMUNITY BENEFICIARIES OF THESE ACTIVITIES ARE THE STUDENTS WHOSE ENRICHED EXPERIENCES HAVE DIRECT CONSEQUENCES FOR THE FUTURE OF OUR METROPOLITAN AREA.
CAMPUS AND COMMUNITY PROGRAMS: INCLUDE NUMEROUS NON-CREDIT PROGRAMS AND ACTIVITIES THAT SUPPLEMENT AND SUPPORT THE SAN JOSE STATE UNIVERSITY'S EDUCATIONAL MISSION. THESE ACTIVITIES BENEFIT THE STUDENTS, FACULTY, AND THE SURROUNDING SAN JOSE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Del Casino Board Member | Trustee | 1 | $0 |
Charlie Faas Board Treasurer | OfficerTrustee | 1 | $0 |
Mohamad Abousalem Board President | OfficerTrustee | 1 | $0 |
Michael Kaufman Board Member | Trustee | 1 | $0 |
Marc D'alarcao Board Member | Trustee | 1 | $0 |
Heather Lattimer Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marine Applied Research & Exploration Subcontract | 6/29/22 | $392,100 |
Csu Long Beach Research Foundation Subcontract | 6/29/22 | $389,500 |
Csu Fresno Foundation Subcontract | 6/29/22 | $354,767 |
National Opinion Research Cent Subcontract | 6/29/22 | $343,980 |
Regents Of Uc Davis Subcontract | 6/29/22 | $276,896 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,092,410 |
| Government grants | $43,766,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,873,710 |
| Total Program Service Revenue | $9,061,812 |
| Investment income | $622,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $26,667 |
| Net Rental Income | $106,145 |
| Net Gain/Loss on Asset Sales | $1,330,069 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,020,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $788,466 |
| Grants and other assistance to domestic individuals. | $2,282,207 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $646,909 |
| Compensation of current officers, directors, key employees. | $623,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,320,820 |
| Pension plan accruals and contributions | $1,061,900 |
| Other employee benefits | $5,366,338 |
| Payroll taxes | $1,916,423 |
| Fees for services: Management | $195,499 |
| Fees for services: Legal | $86,245 |
| Fees for services: Accounting | $228,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $144,599 |
| Fees for services: Other | $3,022,037 |
| Advertising and promotion | $20,572 |
| Office expenses | $2,795,823 |
| Information technology | $609,103 |
| Royalties | $0 |
| Occupancy | $746,061 |
| Travel | $1,017,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,581 |
| Interest | $44,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,161,574 |
| Insurance | $237,581 |
| All other expenses | $4,953 |
| Total functional expenses | $54,293,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,382,482 |
| Savings and temporary cash investments | $3,301,745 |
| Pledges and grants receivable | $9,248,957 |
| Accounts receivable, net | $0 |
| 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 | $259,591 |
| Net Land, buildings, and equipment | $11,749,388 |
| Investments—publicly traded securities | $18,784,488 |
| Investments—other securities | $2,003,137 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,096,872 |
| Total assets | $60,826,660 |
| Accounts payable and accrued expenses | $6,493,953 |
| Grants payable | $0 |
| Deferred revenue | $5,013,959 |
| 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 | $32,180,102 |
| Total liabilities | $43,688,014 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,409,845 |
| Paid-in or capital surplus, or land, building, or equipment fund | $11,728,801 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $60,826,660 |
Grants Awarded
Over the last fiscal year, San Jose State University Research Foundation has awarded $788,466 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAN JOSE STATE UNIVERSITY PURPOSE: Contribute to new science building construction | $500,000 |
ASSOCIATED STUDENTS SAN JOSE STATE UNIVERSITY PURPOSE: General Operating Support | $288,466 |