California State University Foundation
- Assets
- $50.9m
- Revenue
- $7.8m
- Investments
- $12.0m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 10/1962
- Data as of
- 06/2022
- EIN
- 95-6123757
Organization Overview
California State University Foundation is located in Long Beach, CA. The organization was established in 1962. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California 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, California State University Foundation generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $7.2m during the year ending 06/2022. While expenses have increased by 4.4% 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.
Since 2015, California State University Foundation has awarded 187 individual grants totaling $32,383,964. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CALIFORNIA STATE UNIVERSITY FOUNDATION IS TO ENHANCE THE EDUCATIONAL EXCELLENCE OF THE CALIFORNIA STATE UNIVERSITY IN TEACHING, LEARNING, COMMUNITY SERVICE, AND APPLIED RESEARCH.
Describe the Organization's Program Activity:
SUPPORT OF MAJOR CSU INITIATIVES SUCH AS IMPROVING THE GRADUATION RATE AND TEACHER PREPARATION THROUGH COLLABORATION WITH EXTERNAL FUNDERS.
THE CSU FOUNDATION SUPPORTED THE EDUCATIONAL AND GOVERNANCE ACTIVITIES OF THE 23 UNIVERSITY CAMPUSES, THROUGH REGULAR MEETINGS OF ITS TRUSTEES, PRESIDENTS, EMPLOYEES, AND ALUMNI LEADERS AS WELL AS PROVIDING EMPLOYEE RECOGNITION.
THE CSU FOUNDATION PROVIDED SCHOLARSHIPS TO 501 STUDENTS THROUGHOUT THE CSU SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald R Barhorst Chair | OfficerTrustee | 1 | $0 |
Kristin Crellin Secretary | OfficerTrustee | 1 | $0 |
Michael A Lucki Treasurer | OfficerTrustee | 1 | $0 |
Michael Lizarraga Vice Chair | OfficerTrustee | 1 | $0 |
Lori A Redfearn V.P. Thru 6/9/22; President 6/10/22 | Officer | 6 | $0 |
Aaron J Moore Chief Financial Officer | Officer | 18 | $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 | $5,651,039 |
| Noncash contributions included in lines 1a–1f | $1,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,651,039 |
| Total Program Service Revenue | $2,520 |
| Investment income | $521,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,409,309 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,787,647 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,784,882 |
| Grants and other assistance to domestic individuals. | $2,729,716 |
| 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 | $39,400 |
| Fees for services: Lobbying | $13,623 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,749 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,604 |
| Office expenses | $9,685 |
| Information technology | $948 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $81,759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $162,457 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,169 |
| All other expenses | $0 |
| Total functional expenses | $7,155,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,747,308 |
| Pledges and grants receivable | $3,742,912 |
| 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 | $33,210 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,172,854 |
| Investments—other securities | $11,959,737 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,207,801 |
| Total assets | $50,863,822 |
| Accounts payable and accrued expenses | $30,578 |
| 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 | $8,323,902 |
| Total liabilities | $8,354,480 |
| Net assets without donor restrictions | $6,466,848 |
| Net assets with donor restrictions | $36,042,494 |
| 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 | $50,863,822 |
Grants Awarded
Over the last fiscal year, California State University Foundation has awarded $3,847,942 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF THE CSU PURPOSE: $930,000 - TRANSFER FIRST PAYMENT OF COLLEGE FUTURES FOUNDATION TO SPA$775,000 - TRANSFER OF BILL & MELINDA GATES FOUNDATION GRANT FUNDS TO SPONSORED PROGRAMS$650,000 - TRANSFER LUMINA FOUNDATION GRANT TO SPA$575,000 - TRANSFER PLEDGE PAYMENT FROM GATES FOUNDATION TO SPA$198,000 - TRANSFER TO SPA FOR ECMC FOUNDATION GRANT FOR GRADUATION INITIATIVE$50,000 - TRANSFER TO SPA FOR SILVER GIVING FOUNDATION EARLY CHILDHOOD EDUCATION$50,000 - TRANSFER TO SPA FOR HEISING-SIMONS EARLY CHILDHOOD SPECIALIST GRANT$24,640 - TRANSFER TO SPA FOR DELL FOUNDATION EDQ CENTER DATA TPMD IMPLEMENTATION GRANT EXTENSION$130,065 - HOUSING ALLOWANCES | $3,382,705 |
San Francisco, CA PURPOSE: TRANSFER TO CSUN SPA FOR EDISON MATH CURRICULUM AND PD GRANT | $84,000 |
CSU FRESNO PURPOSE: SCHUSTERMAN EMERGENCY GRANT; 2021-22 INNOVATION MINIGRANTS AWARDS | $41,076 |
San Bernardino, CA PURPOSE: TRANSFER OF GRANT FUNDS FROM ACLS FOR THE MELLON MAYS UNDERGRADUATE FELLOWSHIPS (MMUF) PROGRAM FOR THE 2021-22 ACADEMIC YEAR | $40,500 |
Sacramento, CA PURPOSE: SPONSORSHIP OF THE CLYLP DIGITAL 2021 AND 2022 STATEWIDE LEADERSHIP CONFERENCE | $40,000 |
CSU NORTHRIDGE PURPOSE: RELUI OPERATING EXPENSES | $26,400 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that California State University Foundation has recieved totaling $6,087,492.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $1,650,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $1,350,000 |
College Futures Foundation Oakland, CA PURPOSE: STUDENT-CENTRIC PRACTICES PROGRAM GRANT | $670,000 |
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO DIGITIZE DEGREE PATHWAYS AND IMPLEMENT FACULTY DASHBOARDS IN THE CSU SYSTEM. | $650,000 |
Yellow Chair Foundation San Francisco, CA PURPOSE: TEACHER RESIDENCY YEAR SCHOLARSHIP PROGRAM | $500,000 |
Yellow Chair Foundation San Francisco, CA PURPOSE: TEACHER RESIDENCY YEAR SCHOLARSHIP PROGRAM | $500,000 |
Endowment Analysis
| Beg. Balance | $35,285,110 |
| Earnings | -$2,970,584 |
| Admin Expense | $190,193 |
| Net Contributions | $199,905 |
| Grants | $1,023,389 |
| Ending Balance | $31,300,849 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neubauer Family Charitable Trust Mountain View, CA | $307,054,683 | $23,995,522 |
Donald B Tanklage And Carole F Tanklage Foundation Novato, CA | $0 | $160,782 |
Pih Health Inc Whittier, CA | $139,222,706 | $19,647,393 |
The Polis Schutz Family Foundation San Diego, CA | $0 | $260,315 |
Tikun Olam Foundation Los Angeles, CA | $90,556,232 | $8,190,584 |
Burton Family Foundation Phoenix, AZ | $142,839,047 | $129,470,588 |
The Reddere Foundation CO Silicon Valley Community Foundation C/O Silicon Valley Community Foundation Mountain View, CA | $1,000 | $363,994 |
California State University Foundation Long Beach, CA | $50,863,822 | $7,787,647 |
Friends Of South Central Losangeles Regional Center For Develop Los Angeles, CA | $80,196,128 | $6,156,555 |
The James B Mcclatchy Foundation Sacramento, CA | $57,491,792 | $3,443,288 |
Bernard A Newcomb Foundation Mountain View, CA | $29 | $26,230 |
Fairbrook Foundation Los Angeles, CA | $45,940,000 | $4,530,945 |