Form 990 for tax year 2024
Filed by UNIVERSITY FOUNDATION AT SACRAMENTO STATE.
Totals
- Total revenue
- $24,059,066
- Total expenses
- $9,181,518
- Contributions and grants received
- $14,748,376
- Grants paid
- $4,071,880
- Program service revenue
- $0
- Investment income
- $9,310,690
- Other revenue
- $0
- Total assets, end of year
- $146,251,337
- Total liabilities, end of year
- $881,117
- Net assets or fund balances, end of year
- $145,370,220
- Program services expenses (Part IX)
- $8,175,070
- Management and general expenses
- $815,948
- Fundraising expenses
- $190,500
- Program service expenses (Part III)
- $8,175,070
Program services were 89.0% 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.
-
1f · All other contributions, gifts and grants
$14,748,376
-
1g · Noncash contributions included above
$246,927
-
3 · Investment income
total $3,405,598 · excluded $3,405,598
-
7a · Gross sales of assets other than inventory
securities $59,319,579
-
7b · Less cost or other basis and sales expenses
securities $53,414,487
-
7c · Gain or loss
securities $5,905,092
-
7d · Net gain or loss
total $5,905,092 · excluded $5,905,092
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,900,952 · program services $3,900,952
-
2 · Grants to domestic individuals
total $170,928 · program services $170,928
-
11b · Fees: legal
total $1,458 · management and general $1,458
-
11c · Fees: accounting
total $46,314 · management and general $46,314
-
11e · Fees: professional fundraising services
total $156,313 · fundraising $156,313
-
11f · Fees: investment management
total $226,771 · program services $226,771
-
11g · Fees: other
total $446,748 · program services $72,216 · management and general $374,532
-
12 · Advertising and promotion
total $18,265 · program services $13,732 · management and general $4,533
-
13 · Office expenses
total $89,799 · program services $25,277 · management and general $64,522
-
14 · Information technology
total $355,721 · program services $297,958 · management and general $57,763
-
16 · Occupancy
total $32,322 · program services $32,322
-
17 · Travel
total $166,808 · program services $160,114 · management and general $6,694
-
19 · Conferences, conventions and meetings
total $727,243 · program services $590,030 · management and general $137,213
-
21 · Payments to affiliates
total $1,302,403 · program services $1,302,403
-
23 · Insurance
total $16,627 · program services $7,347 · management and general $9,280
-
24a · Other expenses: UNIVERSITY PROJECTS
total $1,470,516 · program services $1,340,342 · management and general $95,987 · fundraising $34,187
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $40,319 · program services $24,023 · management and general $16,296
-
24c · Other expenses: MISC. EXPENSE
total $7,814 · program services $6,458 · management and general $1,356
-
24d · Other expenses: COST RECOVERY FROM AUXI
total $4,197 · program services $4,197
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,899,335 · end of year $8,645,875
-
2 · Savings and temporary cash investments
beginning of year $3,866,799 · end of year $3,726,630
-
4 · Accounts receivable
beginning of year $70,033 · end of year $26,848
-
11 · Investments: publicly traded securities
beginning of year $120,740,021 · end of year $133,568,146
-
15 · Other assets
beginning of year $241,690 · end of year $283,838
-
17 · Accounts payable and accrued expenses
beginning of year $973,544 · end of year $881,117
-
29 · Capital stock, trust principal or current funds
beginning of year $2,231,728 · end of year $2,909,414
-
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 $124,612,606 · end of year $142,460,806
Mission and programs · 2024
Mission
RAISE PRIVATE RESOURCES TO ADVANCE THE MISSION AND PRIORITIES OF THE UNIVERSITY AND SERVE AS AMBASSADORS IN THE COMMUNITY. PROVIDE STEWARDSHIP IN THE PRUDENT INVESTMENT OF RESOURCES AND ENSURE THE INTEGRITY OF THE FOUNDATION THROUGH ACCOUNTABILITY AND TRANSPARENCY.
Activities or mission (Part I)
PROMOTING PHILANTHROPY TO ENHANCE THE UNIVERSITY BEYOND STATE FUNDING.
-
THE UNIVERSITY FOUNDATION AT SACRAMENTO STATE INVESTS AND DISTRIBUTES FUNDS FOR THE BENEFIT OF THE UNIVERSITY. SINCE ITS INCEPTION IN 1987, THE UNIVERSITY FOUNDATION PROMOTES PHILANTHROPY TO PROVIDE A LEVEL OF EXCELLENCE BEYOND WHAT IS POSSIBLE THROUGH STATE FUNDS. LED BY A VOLUNTEER BOARD OF DIRECTORS COMPRISED OF PROMINENT PROFESSIONALS AND BUSINESS LEADERS, THE UNIVERSITY FOUNDATION IS THE UNIVERSITY'S PRIMARY PHILANTHROPIC AUXILIARY AND IS A TAX EXEMPT 501(C)(3) ORGANIZATION. THE BOARD OF DIRECTORS MEETS REGULARLY TO OFFER GUIDANCE ON INVESTMENTS AND THOROUGHLY MANAGE THE GIFT FUNDS TO ENSURE THAT THEY CAN FULFILL THEIR DESIGNATED PURPOSES. THE FOUNDATION ACCOUNTS FOR GIFTS AND CONTRIBUTIONS TO THE UNIVERSITY, ENSURING THAT THE FUNDS ARE APPLIED TO THE PURPOSES FOR WHICH THE DONOR INTENDED. CONTINUED ON SCHEDULE O.FUNDS MAY BE EXPENDED OR ENDOWED, PER DONOR DIRECTIONS; EARNINGS FROM ENDOWED FUNDS ARE GENERALLY EXPENDABLE AND DISTRIBUTED TO STUDENT SCHOLARSHIPS OR PROGRAMS IN ACCORDANCE WITH SPECIFICATIONS PROVIDED BY THE DONOR. THE UNIVERSITY FOUNDATION AT SACRAMENTO STATE IS DEDICATED TO SUPPORTING STUDENTS TO FURTHER THE UNIVERSITY'S MISSION TO PROVIDE AN EXCELLENT EDUCATION TO THOSE WHO ASPIRE TO EXPAND THEIR KNOWLEDGE AND PREPARE THEMSELVES FOR MEANINGFUL LIVES, CAREERS AND SERVICE TO THEIR COMMUNITY.
Expenses $8,175,070 · Grants $4,071,880
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
LUKE WOOD
SAC STATE PRES.
- Total calculated
- $683,665
- From this org
- $0
- From related orgs
- $545,332
- Other
- $138,333
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $476,232 related
- Bonus
- $0
- Other
- $0 + $69,100 related
- Deferred
- $0 + $104,318 related
- Nontaxable benefits
- $0 + $34,015 related
- Filer's total
- $0 + $683,665 related
-
JONATHAN BOWMAN
SAC STATE CFO, DIRECT. (THRU 7/24)
- Total calculated
- $433,400
- From this org
- $0
- From related orgs
- $355,958
- Other
- $77,442
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $235,000 related
- Bonus
- $0
- Other
- $0 + $120,958 related
- Deferred
- $0 + $48,240 related
- Nontaxable benefits
- $0 + $29,202 related
- Filer's total
- $0 + $433,400 related
-
MACHELLE MARTIN
VP, PEOPLE & CULT./CFO (7/24-2/25)
- Total calculated
- $308,699
- From this org
- $0
- From related orgs
- $230,824
- Other
- $77,875
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $220,212 related
- Bonus
- $0
- Other
- $0 + $10,612 related
- Deferred
- $0 + $46,807 related
- Nontaxable benefits
- $0 + $31,068 related
- Filer's total
- $0 + $308,699 related
-
AJAY SINGH
FACULTY REPRESENTATIVE
- Total calculated
- $148,659
- From this org
- $0
- From related orgs
- $96,326
- Other
- $52,333
- Hours/week
- 0.1 + 40 related
-
MICHAEL REZA
UNIV ADVMNT ADMIN (FROM 9/24)
- Total calculated
- $98,471
- From this org
- $0
- From related orgs
- $77,104
- Other
- $21,367
- Hours/week
- 0.1 + 40 related
-
BERNICE BASS DE MARTINEZ
GOVERNANCE CHAIR
- Total calculated
- $51,185
- From this org
- $0
- From related orgs
- $51,185
- Other
- $0
- Hours/week
- 0.1 + 20 related
-
NATALY ANDRADE-DOMINGUEZ
SSP I
- Total calculated
- $1,475
- From this org
- $0
- From related orgs
- $1,475
- Other
- $0
- Hours/week
- 0.1 + 40 related
-
CHRIS MCALARY
INTERIM VP ADMIN-CFO (FROM 2/25)
- Total calculated
- $0
- Hours/week
- 0.1 + 40 related
-
ALICE PEREZ
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.1
-
RYAN MURPHY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.1
-
GARRY MAISEL
CHAIR, FINANCE COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
SUE MCGINTY
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
TINA TREIS
CHAIR, AUDIT COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
LORA ANGUAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
CHRISTINE AULT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
MARGOT BACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
FRED BALDINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
DAVID BUGATTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
SONNEY CHONG
DIRECTOR (THRU 12/24)
- Total calculated
- $0
- Hours/week
- 0.1
-
VANESSA GUERRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
COLETTE HARRIS-MATHEWS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
DEVIN LAVELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
DAVID LOPEZ
DIRECTOR (THRU 2/25)
- Total calculated
- $0
- Hours/week
- 0.1
-
LEE RITCHEY
DIRECTOR (THRU 10/24)
- Total calculated
- $0
- Hours/week
- 0.1
-
RANDY SOLORIO
DIRECTOR (THRU 2/25)
- Total calculated
- $0
- Hours/week
- 0.1
-
PAM STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
SCOTT SYPHAX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
HOLLY TICHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
BUD TRAVERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
SHARON TAKEDA
FORMER UNIV ADMIN
- Total calculated
- $267,033
- From this org
- $0
- From related orgs
- $212,472
- Other
- $54,561
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $212,472 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $46,368 related
- Nontaxable benefits
- $0 + $8,193 related
- Filer's total
- $0 + $267,033 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
-
CALIFORNIA STATE UNIVERSITY SACRAMENTO
$3,900,952
SCHOLARSHIPS
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 SACRAMENTO
POST-SECONDARY EDUCATION · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630549349301063
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