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Nonprofiteer
← FOUNDATION OF CALIFORNIA STATE UNIVERSITY MONTEREY BAY

Form 990 for tax year 2023

Filed by FOUNDATION OF CALIFORNIA STATE UNIVERSITY MONTEREY BAY.

Totals

Total revenue
$7,872,146
Total expenses
$2,415,663
Contributions and grants received
$5,666,747
Grants paid
$1,875,499
Program service revenue
$0
Investment income
$2,205,399
Other revenue
$0
Total assets, end of year
$46,212,984
Total liabilities, end of year
$62,384
Net assets or fund balances, end of year
$46,150,600
Program services expenses (Part IX)
$2,168,791
Management and general expenses
$246,872
Fundraising expenses
$0
Program service expenses (Part III)
$2,168,791

Program services were 89.8% 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.

  • 1d · Related organizations

    $372,008

  • 1f · All other contributions, gifts and grants

    $5,294,739

  • 3 · Investment income

    total $1,532,759 · unrelated business $160,607 · excluded $1,372,152

  • 7a · Gross sales of assets other than inventory

    securities $5,515,387

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

    securities $4,842,747

  • 7c · Gain or loss

    securities $672,640

  • 7d · Net gain or loss

    total $672,640 · excluded $672,640

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,875,499 · program services $1,875,499

  • 11b · Fees: legal

    total $1,455 · management and general $1,455

  • 11c · Fees: accounting

    total $18,450 · management and general $18,450

  • 11f · Fees: investment management

    total $218,573 · program services $218,573

  • 13 · Office expenses

    total $7,688 · management and general $7,688

  • 16 · Occupancy

    total $6,580 · management and general $6,580

  • 19 · Conferences, conventions and meetings

    total $6,958 · management and general $6,958

  • 20 · Interest

    total $22,219 · program services $22,219

  • 24a · Other expenses: CONTRACT SERVICES

    total $124,206 · management and general $124,206

  • 24b · Other expenses: INDIRECT EXPENSES

    total $55,395 · management and general $55,395

  • 24c · Other expenses: CONSULTING FEES

    total $52,500 · program services $52,500

  • 24d · Other expenses: TAXES AND ASSESSMENTS

    total $26,140 · management and general $26,140

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,797,702 · end of year $2,832,100

  • 3 · Pledges and grants receivable

    beginning of year $43,834 · end of year $360,430

  • 4 · Accounts receivable

    beginning of year $176,091 · end of year $186,592

  • 11 · Investments: publicly traded securities

    beginning of year $35,043,025 · end of year $42,833,862

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,000 · end of year $20,986

  • 25 · Other liabilities

    beginning of year $46,840 · end of year $41,398

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $38,012,812 · end of year $46,150,600

Mission and programs · 2023

Mission

TO FURTHER THE SCIENTIFIC, LITERARY, EDUCATIONAL AND CHARITABLE PURPOSES OF CALIFORNIA STATE UNIVERSITY, MONTEREY BAY, INCLUDING FUNDRAISING, DEVELOPMENT, ENDOWMENT MANAGEMENT, FINANCIAL ASSISTANCE, PUBLIC RELATIONS AND OTHER SUPPORT.

  • MANAGEMENT OF ENDOWMENTS, INCLUDING RELATED SCHOLARSHIP AWARDS, AND SUPPORT OF CALIFORNIA STATE UNIVERSITY, MONTEREY BAY THROUGH DEVELOPMENT, PUBLIC RELATIONS AND OTHER FINANCIAL ASSISTANCE.

    Expenses $2,168,791 · Grants $1,875,499

As filed on the 2023 return.

Listed in Part VII

  • Barbara Zappas

    CEO (EX OFFICIO)

    Total calculated
    $399,449
    From this org
    $0
    From related orgs
    $284,713
    Other
    $114,736
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,713 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $91,108 related
    Nontaxable benefits
    $0 + $23,628 related
    Filer's total
    $0 + $399,449 related

  • Bettye Saxon EdD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Juran

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ted Balestreri II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Behl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mac Clemmens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pete Delgado

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Gonzalez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Arlene Haffa

    DIRECTOR

    Total calculated
    $164,955
    From this org
    $0
    From related orgs
    $126,609
    Other
    $38,346
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,609 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,190 related
    Nontaxable benefits
    $0 + $156 related
    Filer's total
    $0 + $164,955 related

  • Susan Lansbury

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martha Drexler Lynn PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Caroline MacDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Merrill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandor Nagy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ian N Oglesby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Betsey Pearson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adrian Villalpando

    STUDENT DIRECTOR

    Total calculated
    $4,841
    From this org
    $0
    From related orgs
    $4,841
    Other
    $0
    Hours/week
    1 + 1 related

  • Vanya Quinones

    DIRECTOR (EX OFFICIO)

    Total calculated
    $446,597
    From this org
    $0
    From related orgs
    $370,000
    Other
    $76,597
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $370,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $54,495 related
    Nontaxable benefits
    $0 + $22,102 related
    Filer's total
    $0 + $446,597 related

  • Glen Nelson

    EXEC. DIRECTOR (EX OFFICIO) (NON-VOTING)

    Total calculated
    $350,367
    From this org
    $0
    From related orgs
    $282,000
    Other
    $68,367
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $46,733 related
    Nontaxable benefits
    $0 + $21,634 related
    Filer's total
    $0 + $350,367 related

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

None.

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

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403199349300115

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