Sonoma State University Foundation
- Assets
- $66.6m
- Revenue
- $10.2m
- Investments
- $16.5m
- Employees
- 0
- Location
- Rohnert Park, CA
- Founding
- 07/1975
- Data as of
- 06/2021
- EIN
- 99-0157509
Organization Overview
Sonoma State University Foundation is located in Rohnert Park, CA. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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 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 06/2021, Sonoma State University Foundation generated $10.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sonoma State University Foundation has awarded 29 individual grants totaling $22,334,949. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER GIFTS THAT ENHANCE AND PROMOTE SONOMA STATE UNIVERSITY'S EDUCATIONAL MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPUS AND SCHOLARSHIP PROGRAMS PROVIDE SUPPORT TO THE UNIVERSITY FOR STUDENTS AND PROGRAMS ALONG WITH ACTIVITIES RELATING TO INSTRUCTIONAL AND STUDENT ENRICHMENT.
SPECIAL PROGRAMS ASSOCIATED PRIMARILY WITH ACADEMIC SUPPORT, STUDENT SERVICES AND INSTITUTIONAL SUPPORT.
DIRECT DISTRIBUTIONS FROM THE IDA BENSON ENDOWMENT FUND TO FOUR ORGANIZATIONS, BOYS AND GIRLS CLUBS OF SANTA ROSA, FATHER FLANAGANS BOYS HOME, SONOMA COUNTY FAMILY YMCA, AND HANNA BOYS CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Hannah Chief Operating Officer & Secretary | OfficerTrustee | 10 | $0 |
Dr Mario A Perez Chief Executive Officer | OfficerTrustee | 10 | $0 |
David Felte Chair | OfficerTrustee | 5 | $0 |
Tom Isaak Board Vice-Chair | OfficerTrustee | 1 | $0 |
Amanda Visser Chief Financial Officer | OfficerTrustee | 10 | $0 |
Joseph Huang Director | 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 | $2,656,945 |
| Noncash contributions included in lines 1a–1f | $77,620 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,656,945 |
| Total Program Service Revenue | $115,145 |
| Investment income | $744,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$26,782 |
| Net Gain/Loss on Asset Sales | $6,665,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,158,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,890,644 |
| 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 | $0 |
| Fees for services: Legal | $5,951 |
| Fees for services: Accounting | $39,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $215,236 |
| Fees for services: Other | $5,118 |
| Advertising and promotion | $0 |
| Office expenses | $47 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $13,625 |
| All other expenses | $0 |
| Total functional expenses | $3,213,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,492 |
| Savings and temporary cash investments | $89,650 |
| Pledges and grants receivable | $2,127,797 |
| 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 | $0 |
| Net Land, buildings, and equipment | $133,118 |
| Investments—publicly traded securities | $45,990,424 |
| Investments—other securities | $16,466,097 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,170,333 |
| Total assets | $66,635,911 |
| Accounts payable and accrued expenses | $1,029 |
| 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 | $2,950 |
| Total liabilities | $3,979 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $133,118 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $66,498,814 |
| Total liabilities and net assets/fund balances | $66,635,911 |
Grants Awarded
Over the last fiscal year, Sonoma State University Foundation has awarded $3,602,719 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Rohnert Park, CA PURPOSE: PROGRAM SUPPORT | $3,504,999 |
Santa Rosa, CA PURPOSE: PROGRAM SUPPORT | $24,430 |
Boys Town, NE PURPOSE: PROGRAM SUPPORT | $24,430 |
Sonoma, CA PURPOSE: PROGRAM SUPPORT | $24,430 |
Santa Rosa, CA PURPOSE: PROGRAM SUPPORT | $24,430 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Sonoma State University Foundation has recieved totaling $93,756.
| Awarding Organization | Amount |
|---|---|
Ida J Benson Memorial Tr Fbo Forest W Benson Uw 032495 323-141445 Las Vegas, NV PURPOSE: GENERAL OPERATING | $45,986 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $27,370 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,000 |
Stanislaus Community Foundation Modesto, CA | | $10,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $400 |
Endowment Analysis
| Beg. Balance | $44,825,806 |
| Earnings | $927,202 |
| Net Contributions | $3,629,186 |
| Ending Balance | $49,382,194 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |