Humboldt State University Foundation
- Assets
- $57.5m
- Revenue
- $13.9m
- Investments
- $4.5m
- Employees
- 0
- Location
- Arcata, CA
- Founding
- 03/1947
- Data as of
- 06/2022
- EIN
- 94-6077724
Organization Overview
Humboldt State University Foundation is located in Arcata, CA. The organization was established in 1947. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Humboldt State University 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, Humboldt State University Foundation generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $6.5m during the year ending 06/2022. While expenses have increased by 10.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXPERTISE, FIDUCIARY OVERSIGHT AND ADVOCACY TO INCREASE CHARITABLE GIVING AND MANAGE THE ENDOWMENT AND OTHER CHARITABLE FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES INCLUDE FORWARDING EARNINGS TO 150 SCHOLARSHIP FUNDS AND 53 CAMPUS PROGRAMS IN COMPLIANCE WITH ENDOWMENT RESTRICTIONS; ADMINISTERING 280 CHARITABLE ACCOUNTS DEDICATED TO UNIVERSITY PURPOSES; AND MANAGING 246 ENDOWED AND 1 NON-ENDOWED INVESTMENT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Whitlatch Executive Director & Secre | OfficerTrustee | 39 | $0 |
Gary Rynearson Faculty Member Thru 10/2021 | OfficerTrustee | 1 | $0 |
Jennifer Harris Chair | OfficerTrustee | 1 | $0 |
Gary Blatnick Treasurer | OfficerTrustee | 1 | $0 |
Robin M Smith Vice Chair | OfficerTrustee | 1 | $0 |
Carin Kaltschmidt 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 | $8,820,870 |
| Noncash contributions included in lines 1a–1f | $217,878 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,820,870 |
| Total Program Service Revenue | $1,025,793 |
| Investment income | $1,317,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,093 |
| Net Gain/Loss on Asset Sales | $2,747,501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $100 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,924,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,789,971 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $48,610 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,527 |
| Fees for services: Other | $441,469 |
| Advertising and promotion | $19,941 |
| Office expenses | $109,652 |
| Information technology | $16,902 |
| Royalties | $0 |
| Occupancy | $35,121 |
| Travel | $26,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,093 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,908 |
| All other expenses | $0 |
| Total functional expenses | $6,503,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,695,573 |
| Savings and temporary cash investments | $7,933,723 |
| Pledges and grants receivable | $2,396,305 |
| Accounts receivable, net | $313,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,927,635 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,489,135 |
| Investments—publicly traded securities | $22,286,952 |
| Investments—other securities | $4,502,042 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,544,376 |
| Accounts payable and accrued expenses | $308,100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,860,676 |
| Total liabilities | $5,168,776 |
| Net assets without donor restrictions | $4,259,968 |
| Net assets with donor restrictions | $48,115,632 |
| 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 | $57,544,376 |
Grants Awarded
Over the last fiscal year, Humboldt State University Foundation has awarded $3,523,828 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HUMBOLDT STATE UNIVERSITY PURPOSE: STUDENT AWARDS, STIPENDS & SCHOLARSHIPS | $3,508,828 |
REDWOOD REGION ECONOMIC DEVELOPMENT COMMISSION PURPOSE: TO PROMOTE AND DEVELOP INCREASED AIRLINE SERVICE TO HUMBOLDT COUNTY, CALIFORNIA | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Humboldt State University Foundation has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Larry And Paula Sebring Foundation Fieldbrook, CA PURPOSE: GENERAL FUND | $200 |
Endowment Analysis
| Beg. Balance | $50,733,450 |
| Earnings | -$4,233,705 |
| Admin Expense | $74,528 |
| Net Contributions | $1,266,843 |
| Other Expense | $654,181 |
| Grants | $788,077 |
| Ending Balance | $46,249,802 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Tarzana, CA | $10,228,800 | $19,320,948 |
University Of The People Pasadena, CA | $8,426,107 | $18,756,835 |
Foundation For Hispanic Education San Jose, CA | $9,597,564 | $17,861,109 |
Providence Christian College Pasadena, CA | $1,662,159 | $9,814,467 |
San Francisco College Track Qalicb Inc Oakland, CA | $0 | $8,636,000 |
Humphreys College Stockton, CA | $28,503,602 | $8,301,244 |
Humboldt State University Foundation Arcata, CA | $57,544,376 | $13,924,277 |
California Maritime Academy Foundation Inc Vallejo, CA | $17,506,406 | $6,962,051 |
Alliance College-Ready Middle Academy #4 Los Angeles, CA | $0 | $3,113,853 |
Southern Oregon University Foundation Ashland, OR | $42,053,103 | $5,034,083 |
Cuesta College Foundation San Luis Obispo, CA | $44,331,740 | $6,237,034 |
New Hope Christian College Eugene, OR | $9,032,074 | $3,256,187 |