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← THE UNIVERSITY FOUNDATION CALIFORNIA STATE UNIVERSITY CHICO

Form 990 for tax year 2022

Filed by THE UNIVERSITY FOUNDATION CALIFORNIA STATE UNIVERSITY CHICO.

Totals

Total revenue
$11,237,610
Total expenses
$9,254,437
Contributions and grants received
$7,600,497
Grants paid
$5,001,148
Program service revenue
$842,921
Investment income
$2,790,134
Other revenue
$4,058
Total assets, end of year
$126,583,523
Total liabilities, end of year
$4,695,113
Net assets or fund balances, end of year
$121,888,410
Program services expenses (Part IX)
$7,917,292
Management and general expenses
$709,180
Fundraising expenses
$627,965
Program service expenses (Part III)
$7,917,292

Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $89,458

  • 1d · Related organizations

    $467,749

  • 1f · All other contributions, gifts and grants

    $7,043,290

  • 1g · Noncash contributions included above

    $491,431

  • 2a · Program service revenue: University Programs

    total $842,921 · related or exempt $842,921

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,512,817 · unrelated business -$91,340 · excluded $2,604,157

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $23,011,619

  • 7b · Less cost or other basis and sales expenses

    securities $22,734,302

  • 7c · Gain or loss

    securities $277,317 · other assets $0

  • 7d · Net gain or loss

    total $277,317 · excluded $277,317

  • 8a · Fundraising events: gross income

    $66,517

  • 8a · Fundraising events: contributions included on line 1c

    $89,458

  • 8b · Fundraising events: direct expenses

    $62,459

  • 8c · Net income from fundraising events

    total $4,058 · excluded $4,058

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,631,001 · program services $4,631,001

  • 2 · Grants to domestic individuals

    total $370,147 · program services $370,147

  • 7 · Other salaries and wages

    total $756,901 · program services $756,901

  • 9 · Other employee benefits

    total $175,133 · program services $175,133

  • 11b · Fees: legal

    total $5,156 · management and general $5,156

  • 11c · Fees: accounting

    total $450,000 · management and general $450,000

  • 11f · Fees: investment management

    total $185,985 · program services $0 · management and general $185,985 · fundraising $0

  • 11g · Fees: other

    total $323,991 · program services $100,976 · management and general $0 · fundraising $223,015

  • 12 · Advertising and promotion

    total $28,591 · program services $27,453 · fundraising $1,138

  • 13 · Office expenses

    total $534,804 · program services $419,843 · management and general $55,330 · fundraising $59,631

  • 14 · Information technology

    total $126,041 · program services $86,133 · management and general $203 · fundraising $39,705

  • 16 · Occupancy

    total $32,309 · program services $32,309

  • 17 · Travel

    total $522,361 · program services $402,586 · fundraising $119,775

  • 19 · Conferences, conventions and meetings

    total $8,736 · program services $8,736

  • 22 · Depreciation, depletion and amortization

    total $41,612 · program services $41,612

  • 23 · Insurance

    total $14,090 · program services $1,608 · management and general $12,482

  • 24a · Other expenses: Public relations and development

    total $904,270 · program services $720,385 · management and general $24 · fundraising $183,861

  • 24b · Other expenses: Uniforms and Clothing

    total $143,309 · program services $142,469 · fundraising $840

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $629,258 · end of year $949,651

  • 2 · Savings and temporary cash investments

    beginning of year $4,122,945 · end of year $1,282,741

  • 3 · Pledges and grants receivable

    beginning of year $6,585,874 · end of year $5,264,860

  • 4 · Accounts receivable

    beginning of year $417,202 · end of year $242,416

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $4,551,718

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,339,288

  • 10c · Land, buildings and equipment, net

    beginning of year $3,254,041 · end of year $3,212,430

  • 11 · Investments: publicly traded securities

    beginning of year $69,867,661 · end of year $81,042,220

  • 12 · Investments: other securities

    beginning of year $33,088,141 · end of year $34,589,205

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,028,828 · end of year $1,124,687

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,097,952 · end of year $3,570,426

  • 27 · Net assets without donor restrictions

    beginning of year $13,812,697 · end of year $16,267,041

  • 28 · Net assets with donor restrictions

    beginning of year $99,025,645 · end of year $105,621,369

Mission and programs · 2022

Mission

TO BUILD A CULTURE OF PHILANTHROPY BY HARNESSING THE EXPERTISE AND PASSION OF OUR ALUMNI, PARENTS, AND FRIENDS TO RAISE PRIVATE SUPPORT FOR THE EDUCATION, PRACTICAL RESEARCH, AND PUBLIC SERVICE THAT TRANSFORMS THE LIVES OF OUR STUDENTS, FACULTY, STAFF, AND THE PEOPLE WE SERVE.

Activities or mission (Part I)

To administer all CSU, Chico related philanthropic activities.

  • THE CAMPUS PROGRAM FUND ENRICHES OUR ACADEMIC, CO-CURRICULAR, AND COMMUNITY PROGRAMS BY PROVIDING FACULTY AND STAFF WITH ENHANCED RESOURCES THAT GIVE STUDENTS THE REAL-WORLD, TEAM-ORIENTED, AND CROSS-DISCIPLINARY EXPERIENCES THEY NEED TO GRADUATE WORK-READY, THINK CREATIVELY, PROBLEM SOLVE, AND DEVELOP PRODUCTIVE RELATIONSHIPS IN THEIR CAREERS AND LIVES. THE FUND ALSO SUPPORTS FACULTY DEVELOPMENT, COLLEGE-BASED PROGRAMS AND PROJECTS, AND CAMPUS ORGANIZATIONS THAT BENEFIT THE PUBLIC THROUGH EDUCATIONAL, CULTURAL, AND SOCIAL SERVICES.

    Expenses $5,967,443 · Grants $3,051,299 · Revenue $842,921

  • THE SCHOLARSHIP FUND DIRECTLY IMPACTS STUDENT SUCCESS BY MAKING COLLEGE MORE AFFORDABLE FOR DESERVING STUDENTS THROUGH SCHOLARSHIPS. NOT ONLY DOES THE FUND DECREASE THE FINANCIAL BURDEN OF STUDENTS' COLLEGE EDUCATION, BUT IT ALSO RECOGNIZES THE ACCOMPLISHMENTS AND AMBITION OF STUDENTS WHO EXEMPLIFY THE UNIVERSITY'S VALUES AND HAVE THE POTENTIAL TO TRANSFORM THE WORLD.

    Expenses $1,949,849 · Grants $1,949,849

As filed on the 2022 return.

Listed in Part VII

  • Ahmad Boura

    CEO & Secretary, CSUC VP Advancement

    Total calculated
    $366,991
    From this org
    $0
    From related orgs
    $307,518
    Other
    $59,473
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $258,236 related
    Bonus
    $0 + $41,692 related
    Other
    $0 + $7,590 related
    Deferred
    $0 + $39,653 related
    Nontaxable benefits
    $0 + $19,820 related
    Filer's total
    $0 + $366,991 related

  • Ann Sherman

    Treasurer, CSUC VP Bus & Finance

    Total calculated
    $317,043
    From this org
    $0
    From related orgs
    $266,879
    Other
    $50,164
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,121 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $258 related
    Deferred
    $0 + $39,616 related
    Nontaxable benefits
    $0 + $10,548 related
    Filer's total
    $0 + $317,043 related

  • Catherine Pleasant

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Chuck Nelsen

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • David Hodson

    Board Past Chair

    Total calculated
    $0
    Hours/week
    2

  • Bob Kittredge

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Braydan Young

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Christina Nichols

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Darryl Schoen

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Dave Heinsen

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Dave Scotto

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • David Alexander

    Board Member/Faculty Member

    Total calculated
    $199,521
    From this org
    $0
    From related orgs
    $136,926
    Other
    $62,595
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,404 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $22 related
    Deferred
    $0 + $40,114 related
    Nontaxable benefits
    $0 + $22,481 related
    Filer's total
    $0 + $199,521 related

  • David Hufford

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Deb Larson

    Board Member, CSUC Provost

    Total calculated
    $396,021
    From this org
    $0
    From related orgs
    $296,261
    Other
    $99,760
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,999 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $762 related
    Deferred
    $0 + $89,212 related
    Nontaxable benefits
    $0 + $10,548 related
    Filer's total
    $0 + $396,021 related

  • Debra Cannon

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Dennis Murphy

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Doug Guerrero

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Dr Marcia Moore

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Gayle Hutchinson

    Board Member, CSUC President

    Total calculated
    $655,162
    From this org
    $0
    From related orgs
    $523,353
    Other
    $131,809
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $458,305 related
    Bonus
    $0
    Other
    $0 + $65,048 related
    Deferred
    $0 + $114,796 related
    Nontaxable benefits
    $0 + $17,013 related
    Filer's total
    $0 + $655,162 related

  • Glen Thomas

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jay Gilbert

    Board Memeber

    Total calculated
    $0
    Hours/week
    2

  • John Morrell

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Joyce Densmore-Thomas

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Marilyn Rees

    Board Memeber

    Total calculated
    $0
    Hours/week
    2

  • Matt Ober

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Mike Prime

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Nick Webber

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Stuart Casillas

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Taylor Stewart

    Board Member/Student

    Total calculated
    $0
    Hours/week
    1

  • Tim Sauer

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Tom Giustina

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Tom Martin

    Board Member

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions
PRESIDENT HUTCHINSON'S SPOUSE OCCASIONALLY TRAVELS WITH THE PRESIDENT FOR BUSINESS PURPOSES. THIS AMOUNT IS NOT INCLUDED IN TAXABLE INCOME.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
President Hutchinson received a housing allowance. This amount was treated as taxable compensation.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
President Hutchinson's membership to Canyon Oaks Country Club is paid through the foundation. The membership allows the president to effectively engage the community in which CSU, Chico serves. This amount is not included in taxable income.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • California State University Chico

    $3,204,076

    See Statement

  • Chico State Enterprises

    $1,138,817

    See Statement

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • California State University Chico

    501(c)(1) · University · CA

    Directly controlled by NA

  • Chico State Enterprises

    501(c)(3) · Research Foundation · CA

    Directly controlled by CALIFORNIA STATE UNIVERSITY CHICO

  • Associated Students of CSU Chico

    501(c)(3) · Auxiliary Organization · CA

    Directly controlled by NA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable remainder trusts (12)

    Trust · Charitable trust · CA · 100% owned · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
16 April 2024
IRS schema version
2022v5.0
Source object
202401069349302415

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