Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $118,927

• 1f · All other contributions, gifts and grants

  $5,537,955

• 1g · Noncash contributions included above

  $1,500,983

• 2a · Program service revenue: CAMPUS PROGRAMS

  total $840,156 · related or exempt $840,156

• 3 · Investment income

  total $1,158,330 · excluded $1,158,330

• 7a · Gross sales of assets other than inventory

  securities $8,037,226

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

  securities $7,972,277

• 7c · Gain or loss

  securities $64,949

• 7d · Net gain or loss

  total $64,949 · excluded $64,949

• 8a · Fundraising events: gross income

  $45,172

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

  $118,927

• 8b · Fundraising events: direct expenses

  $183,739

• 8c · Net income from fundraising events

  total -$138,567 · excluded -$138,567

• 11a · Other revenue: PASS-THROUGH INVESTMENTS

  total -$535 · unrelated business -$535

• 11e · Other revenue, total

  -$535

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,502,851 · program services $1,502,851

• 2 · Grants to domestic individuals

  total $74,025 · program services $74,025

• 7 · Other salaries and wages

  total $896,577 · program services $850,827 · management and general $45,750

• 9 · Other employee benefits

  total $65,404 · program services $64,478 · management and general $926

• 11f · Fees: investment management

  total $171,788 · management and general $171,788

• 11g · Fees: other

  total $784,059 · program services $396,615 · management and general $387,444

• 14 · Information technology

  total $183,259 · program services $183,259

• 17 · Travel

  total $198,408 · program services $196,818 · management and general $1,590

• 24a · Other expenses: SUPPLIES & SERVICES

  total $616,122 · program services $614,812 · management and general $1,310 · fundraising $0

• 24b · Other expenses: OTHER EXPENSES

  total $456,441 · program services $447,523 · management and general $8,918 · fundraising $0

• 24c · Other expenses: HOSPITALITY AND EVENTS

  total $269,963 · program services $247,114 · management and general $22,849 · fundraising $0

• 24d · Other expenses: LIBRARY ACQUISITIONS

  total $106,870 · program services $106,870 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $34,454 · program services $22,077 · management and general $12,377

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $454,898 · end of year $686,113

• 2 · Savings and temporary cash investments

  beginning of year $282,488 · end of year $2,059,495

• 3 · Pledges and grants receivable

  beginning of year $2,097,835 · end of year $3,369,437

• 4 · Accounts receivable

  beginning of year $60,581 · end of year $72,753

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,090 · end of year $4,705

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

  $480,000

• 10c · Land, buildings and equipment, net

  beginning of year $480,000 · end of year $480,000

• 11 · Investments: publicly traded securities

  beginning of year $39,447,619 · end of year $39,758,251

• 12 · Investments: other securities

  beginning of year $2,717,189 · end of year $4,395,957

• 15 · Other assets

  beginning of year $6,526 · end of year $45,289

• 17 · Accounts payable and accrued expenses

  beginning of year $166,848 · end of year $141,865

• 19 · Deferred revenue

  beginning of year $0 · end of year $9,815

• 25 · Other liabilities

  beginning of year $426,428 · end of year $688,914

• 27 · Net assets without donor restrictions

  beginning of year $13,764,020 · end of year $15,605,156

• 28 · Net assets with donor restrictions

  beginning of year $31,192,930 · end of year $34,426,250

The filer's explanations (Part III)

PART I, LINE 3

ALL EX-OFFICIO DIRECTORS ARE PAID BY A RELATED ORGANIZATION, CALIFORNIA STATE UNIVERSITY SAN MARCOS. THROUGH THE RELATED ORGANIZATION'S EXECUTIVE COMPENSATION COMMITTEE- WHICH IS COMPRISED OF THE UNIVERSITY PRESIDENT, WHO SERVES AS AN EX-OFFICIO MEMBER OF THE BOARD - COMPENSATION FOR THE ORGANIZATION'S EX-OFFICIO OFFICERS IS REVIEWED ON AN ANNUAL BASIS. THE REVIEW OF CURRENT SALARY LEVELS FOR EACH EXECUTIVE EMPLOYEE IS PERFORMED BY ANALYZING EXECUTIVE COMPENSATION OF OTHER SIMILAR AUXILIARY ORGANIZATIONS WITHIN THE CALIFORNIA STATE UNIVERSITY SYSTEM, AS WELL AS SURVEYS OF OTHER NON-PROFIT CHARITABLE ORGANIZATIONS OF SIMILAR ASSET SIZE AND FUNCTIONS. THE EXECUTIVE COMPENSATION COMMITTEE THEN RECOMMENDS THE APPROPRIATE SALARY LEVELS TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR APPROVAL.