Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: GRANT ADMINISTRATION

  total $46,310,058 · related or exempt $46,310,058

• 2b · Program service revenue: AUXILIARY SERVICES

  total $10,138,248 · related or exempt $10,138,248

• 2c · Program service revenue: UNIVERSITY PROJECTS

  total $969,851 · related or exempt $969,851

• 3 · Investment income

  total $1,292,506 · excluded $1,292,506

• 7a · Gross sales of assets other than inventory

  securities $14,617,808

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

  securities $12,831,020

• 7c · Gain or loss

  securities $1,786,788

• 7d · Net gain or loss

  total $1,786,788 · excluded $1,786,788

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,235,988 · program services $3,235,988

• 2 · Grants to domestic individuals

  total $5,759,236 · program services $5,759,236

• 5 · Compensation of officers, directors and key employees

  total $149,740 · management and general $149,740

• 7 · Other salaries and wages

  total $21,377,168 · program services $19,943,787 · management and general $1,433,381

• 8 · Pension plan contributions

  total $336,169 · program services $311,568 · management and general $24,601

• 9 · Other employee benefits

  total $1,242,808 · program services $1,159,663 · management and general $83,145

• 10 · Payroll taxes

  total $3,904,157 · program services $3,618,454 · management and general $285,703

• 11a · Fees: management

  total $63,810 · program services $48,417 · management and general $15,393

• 11b · Fees: legal

  total $11,717 · program services $8,890 · management and general $2,827

• 11c · Fees: accounting

  total $106,893 · program services $81,107 · management and general $25,786

• 11g · Fees: other

  total $2,025,336 · program services $1,536,760 · management and general $488,576

• 12 · Advertising and promotion

  total $134,236 · program services $129,236 · management and general $5,000

• 13 · Office expenses

  total $204,845 · program services $184,803 · management and general $20,042

• 16 · Occupancy

  total $1,350,312 · program services $770,437 · management and general $579,875

• 17 · Travel

  total $1,127,722 · program services $1,109,258 · management and general $18,464

• 20 · Interest

  total $128,509 · program services $128,509

• 22 · Depreciation, depletion and amortization

  total $1,862,910 · program services $1,580,411 · management and general $282,499

• 23 · Insurance

  total $564,533 · program services $381,104 · management and general $183,429

• 24a · Other expenses: COST OF SALES - AUX

  total $5,426,161 · program services $5,426,161

• 24b · Other expenses: PROGRAM MATERIAL AND EQ

  total $4,411,255 · program services $4,411,255

• 24c · Other expenses: PROGRAM SUPPLIES

  total $134,348 · program services $116,126 · management and general $18,222

• 24e · All other expenses

  total $885,119 · program services $869,904 · management and general $15,215

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,022,477 · end of year $4,628,427

• 2 · Savings and temporary cash investments

  beginning of year $1,564,154 · end of year $846,255

• 3 · Pledges and grants receivable

  beginning of year $11,848,152 · end of year $12,427,541

• 4 · Accounts receivable

  beginning of year $1,323,952 · end of year $1,052,689

• 7 · Other notes and loans receivable

  beginning of year $23,016 · end of year $19,452

• 9 · Prepaid expenses and deferred charges

  beginning of year $296,348 · end of year $321,644

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

  $43,595,419

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

  $25,660,630

• 10c · Land, buildings and equipment, net

  beginning of year $17,684,120 · end of year $17,934,789

• 11 · Investments: publicly traded securities

  beginning of year $42,179,884 · end of year $48,653,262

• 14 · Intangible assets

  beginning of year $2,098,543 · end of year $2,769,056

• 15 · Other assets

  beginning of year $1,654,844 · end of year $2,662,488

• 17 · Accounts payable and accrued expenses

  beginning of year $5,729,322 · end of year $7,765,179

• 19 · Deferred revenue

  beginning of year $4,789,607 · end of year $2,231,275

• 20 · Tax-exempt bond liabilities

  beginning of year $3,352,136 · end of year $2,985,928

• 21 · Escrow or custodial account liability

  beginning of year $6,918,823 · end of year $6,687,008

• 25 · Other liabilities

  beginning of year $4,130,493 · end of year $4,353,006

• 27 · Net assets without donor restrictions

  beginning of year $55,613,777 · end of year $62,878,122

• 28 · Net assets with donor restrictions

  beginning of year $4,161,332 · end of year $4,415,085

The filer's explanations (Part III)

PART I, LINE 3

CALIFORNIA STATE UNIVERSITY, NORTHRIDGE, A RELATED ORGANIZATION ESTABLISHES COMPENSATION FOR ANY INDIVIDUALS COMPENSATED BY A RELATED ORGANIZATION ON PART VII FOR CALENDAR YEAR 2024. THIS RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: ESTABLISHED AND MAINTAINS THE COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR. COMPENSATION IS DETERMINED BY CAMPUS OFFICE OF HUMAN RESOURCES USING CALIFORNIA STATE UNIVERSITY APPROVED METHODOLOGIES FOR DETERMINING COMPARABLE COMPENSATION.

PART II:

COMPENSATION FOR RICK EVANS WAS PAID BY CALIFORNIA STATE UNIVERSITY, NORTHRIDGE AND THEN REIMBURSED 65% BY THE UNIVERSITY CORPORATION AND 35% BY NORTH CAMPUS - UNIVERSITY PARK DEVELOPMENT CORPORATION, AN AFFILIATED ORGANIZATION.