Form 990 for tax year 2023
Filed by CALIFORNIA STATE UNIVERSITY - NORTHRIDGE FOUNDATION.
Totals
- Total revenue
- $27,642,887
- Total expenses
- $30,324,829
- Contributions and grants received
- $18,982,429
- Grants paid
- $6,325,242
- Program service revenue
- $1,704,784
- Investment income
- $7,333,315
- Other revenue
- -$377,641
- Total assets, end of year
- $359,763,158
- Total liabilities, end of year
- $1,268,454
- Net assets or fund balances, end of year
- $358,494,704
- Program services expenses (Part IX)
- $27,390,938
- Management and general expenses
- $2,040,793
- Fundraising expenses
- $893,098
- Program service expenses (Part III)
- $27,390,938
Program services were 90.3% 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.
-
1a · Federated campaigns
$15,046
-
1c · Fundraising events
$806,795
-
1f · All other contributions, gifts and grants
$18,160,588
-
1g · Noncash contributions included above
$2,458,311
-
2a · Program service revenue: PROGRAM INCOME
total $1,704,784 · related or exempt $1,704,784
-
3 · Investment income
total $6,962,657 · excluded $6,962,657
-
7a · Gross sales of assets other than inventory
securities $44,424,554
-
7b · Less cost or other basis and sales expenses
securities $44,053,896
-
7c · Gain or loss
securities $370,658
-
7d · Net gain or loss
total $370,658 · excluded $370,658
-
8a · Fundraising events: gross income
$188,730
-
8a · Fundraising events: contributions included on line 1c
$806,795
-
8b · Fundraising events: direct expenses
$566,371
-
8c · Net income from fundraising events
total -$377,641 · excluded -$377,641
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,170,523 · program services $6,170,523
-
2 · Grants to domestic individuals
total $154,719 · program services $154,719
-
11b · Fees: legal
total $34,115 · program services $30,766 · management and general $1,329 · fundraising $2,020
-
11c · Fees: accounting
total $72,005 · program services $64,936 · management and general $2,805 · fundraising $4,264
-
11f · Fees: investment management
total $907,327 · management and general $907,327
-
11g · Fees: other
total $10,222,316 · program services $8,989,961 · management and general $765,508 · fundraising $466,847
-
12 · Advertising and promotion
total $436,189 · program services $428,394 · fundraising $7,795
-
13 · Office expenses
total $871,204 · program services $623,794 · management and general $172,691 · fundraising $74,719
-
16 · Occupancy
total $461,809 · program services $450,045 · management and general $7,644 · fundraising $4,120
-
17 · Travel
total $517,876 · program services $498,385 · management and general $2,043 · fundraising $17,448
-
24a · Other expenses: EQUIPMENT
total $4,464,421 · program services $4,454,211 · management and general $200 · fundraising $10,010
-
24b · Other expenses: PROGRAM COSTS
total $3,867,020 · program services $3,847,752 · management and general $14,459 · fundraising $4,809
-
24c · Other expenses: HOSPITALITY
total $1,647,306 · program services $1,311,222 · management and general $40,147 · fundraising $295,937
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $297,973 · program services $277,954 · management and general $14,930 · fundraising $5,089
-
24e · All other expenses
total $200,026 · program services $88,276 · management and general $111,710 · fundraising $40
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $28,729,323 · end of year $26,176,444
-
2 · Savings and temporary cash investments
beginning of year $4,784,581 · end of year $8,553,162
-
3 · Pledges and grants receivable
beginning of year $25,984,027 · end of year $14,840,070
-
7 · Other notes and loans receivable
beginning of year $61,623 · end of year $185,417
-
9 · Prepaid expenses and deferred charges
beginning of year $554,732 · end of year $146,557
-
11 · Investments: publicly traded securities
beginning of year $241,004,877 · end of year $273,405,050
-
12 · Investments: other securities
beginning of year $29,005,239 · end of year $32,715,115
-
15 · Other assets
beginning of year $3,815,420 · end of year $3,741,343
-
17 · Accounts payable and accrued expenses
beginning of year $1,195,749 · end of year $1,153,878
-
25 · Other liabilities
beginning of year $133,884 · end of year $114,576
-
27 · Net assets without donor restrictions
beginning of year $85,619,547 · end of year $98,037,492
-
28 · Net assets with donor restrictions
beginning of year $246,990,642 · end of year $260,457,212
Mission and programs · 2023
Mission
THE ORGANIZATION'S MISSION IS TO SUPPORT AND ENHANCE THE VISION, MISSION AND VALUES OF CALIFORNIA STATE UNIVERSITY, NORTHRIDGE BY RAISING, INVESTING, AND MANAGING PRIVATE PHILANTHROPIC GIFTS TO BENEFIT THE UNIVERSITY.
Activities or mission (Part I)
SUPPORT AND ENHANCE THE VISION, MISSION, AND VALUES OF CALIFORNIA STATE UNIVERSITY, NORTHRIDGE.
-
CALIFORNIA STATE UNIVERSITY, NORTHRIDGE FOUNDATION (THE FOUNDATION) SERVES AS AN AUXILIARY ORGANIZATION TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE WITH A GOAL OF FURTHERING THE PURPOSES AND OBJECTIVES OF THE UNIVERSITY. THE FOUNDATION'S MAIN FUNCTION IS TO ADMINISTER THE RECEIPT AND DISBURSEMENT OF GIFTS, GRANTS, BEQUESTS, AND TRUSTS FROM VARIOUS DONORS TO DIFFERENT DEPARTMENTS OF THE UNIVERSITY. THE FOUNDATION ALSO ASSISTS THE UNIVERSITY IN VARIOUS ACTIVITIES, INCLUDING ACCUMULATION AND MANAGING OF LIFE INCOME, ANNUITY AND STUDENT SCHOLARSHIP FUNDS, AND ADMINISTERING FUNDS FOR VARIOUS EDUCATIONAL RELATED FUNCTIONS, SPECIAL PROGRAMS, AND OTHER ACTIVITIES.
Expenses $27,390,938 · Grants $6,325,242 · Revenue $1,704,784
As filed on the 2023 return.
Listed in Part VII
-
ERIKA D BECK
DIRECTOR
- Total calculated
- $596,612
- From this org
- $0
- From related orgs
- $513,675
- Other
- $82,937
- Hours/week
- 3 + 37 related
Schedule J breakdown matched by us
- Base
- $0 + $436,123 related
- Bonus
- $0 + $65,000 related
- Other
- $0 + $12,552 related
- Deferred
- $0 + $46,733 related
- Nontaxable benefits
- $0 + $36,204 related
- Filer's total
- $0 + $596,612 related
-
MEERA KOMARRAJU
DIRECTOR
- Total calculated
- $394,875
- From this org
- $0
- From related orgs
- $323,154
- Other
- $71,721
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $302,392 related
- Bonus
- $0 + $20,000 related
- Other
- $0 + $762 related
- Deferred
- $0 + $46,733 related
- Nontaxable benefits
- $0 + $24,988 related
- Filer's total
- $0 + $394,875 related
-
COLIN J DONAHUE
DIRECTOR
- Total calculated
- $426,760
- From this org
- $0
- From related orgs
- $302,292
- Other
- $124,468
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $302,034 related
- Bonus
- $0
- Other
- $0 + $258 related
- Deferred
- $0 + $97,248 related
- Nontaxable benefits
- $0 + $27,220 related
- Filer's total
- $0 + $426,760 related
-
NICHOLE IPACH
PRESIDENT
- Total calculated
- $392,823
- From this org
- $0
- From related orgs
- $287,529
- Other
- $105,294
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $278,469 related
- Bonus
- $0
- Other
- $0 + $9,060 related
- Deferred
- $0 + $90,079 related
- Nontaxable benefits
- $0 + $15,215 related
- Filer's total
- $0 + $392,823 related
-
IRA N UNTERMAN
CFO/SECRETARY
- Total calculated
- $262,019
- From this org
- $0
- From related orgs
- $175,760
- Other
- $86,259
- Hours/week
- 15 + 25 related
Schedule J breakdown matched by us
- Base
- $0 + $175,502 related
- Bonus
- $0
- Other
- $0 + $258 related
- Deferred
- $0 + $57,270 related
- Nontaxable benefits
- $0 + $28,989 related
- Filer's total
- $0 + $262,019 related
-
MICHAEL G NEUBAUER
DIRECTOR
- Total calculated
- $246,904
- From this org
- $0
- From related orgs
- $169,946
- Other
- $76,958
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $169,946 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $48,169 related
- Nontaxable benefits
- $0 + $28,789 related
- Filer's total
- $0 + $246,904 related
-
WENDY J GREUEL
DIRECTOR
- Total calculated
- $120,000
- From this org
- $0
- From related orgs
- $120,000
- Other
- $0
- Hours/week
- 2 + 38 related
-
ROBERT D TAYLOR
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
ROBERT M MYMAN
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
ALAN I ABRAMSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HONEY K AMADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KAREN I BOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
FELICIA S CONLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LESLIE S CUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DENNIS J DEYOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
PAIGE HAJILOO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3.4 related
-
JOHN J HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RUTH A HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
HELEN HOEHNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAUL S JENNINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GEORGE S LEIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
BARBARA G LEVY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PATRICIA A MALONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DIANE S MANZELLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT MEYERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PRISCILLA A MOYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KAITLYN N OROZCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 18 related
-
CARSON E SCHREIBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD H SCHWEITZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JOHN N SINNEMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MILTON G VALERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STUART T WALDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
IRVING ZAKHEIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SUSANA M ZIARATI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
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 2023. THIS RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: THE COMPENSATION OF THE FACULTY AND STAFF ARE DETERMINED BY POLICIES AND PROCEDURES APPROVED BY THE TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY, NORTHRIDGE AND IMPLEMENTED AT THE CAMPUS UNDER THE DIRECTION OF THE PRESIDENT OF THE UNIVERSITY, WHO IS A MEMBER OF THE BOARD. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY, NORTHRIDGE.
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 NORTHRIDGE
$4,510,142
SCHOLARSHIPS, STUDENT ASSISTANCE, AND OTHER OPERATING EXPENSES
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 NORTHRIDGE
115 · ACCREDITED PUBLIC UNIVERSITY · CA
-
NORTH CAMPUS - UNIVERSITY PARK DEVELOPMENT CORPORATION
501(C)(3) · RENTAL INCOME AND LICENSING FEES FROM NORTH CAMPUS FACILITIES · CA
Directly controlled by CALIFORNIA STATE UNIVERSITY NORTHRIDGE
-
501(C)(3) · SUPPORTING ORGANIZATION FOR CALIFORNIA STATE UNIVERSITY, NORTHRIDGE · CA
Directly controlled by CALIFORNIA STATE UNIVERSITY NORTHRIDGE
-
501(C)(3) · EXPANDS THE COLLEGE EXPERIENCE THROUGH VARIOUS PROGRAMS AND SERVICES · CA
Directly controlled by CALIFORNIA STATE UNIVERSITY NORTHRIDGE
-
501(C)(3) · SUPPORTING ORGANIZATION FOR CALIFORNIA STATE UNIVERSITY, NORTHRIDGE · CA
Directly controlled by CALIFORNIA STATE UNIVERSITY NORTHRIDGE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541359349300224
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