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← UNIVERSITY ENTERPRISES INC

Form 990 for tax year 2024

Filed by UNIVERSITY ENTERPRISES INC.

Totals

Total revenue
$145,359,200
Total expenses
$142,753,730
Contributions and grants received
$80,289,063
Grants paid
$6,760,105
Program service revenue
$48,494,475
Investment income
$3,681,485
Other revenue
$12,894,177
Total assets, end of year
$287,925,031
Total liabilities, end of year
$227,502,968
Net assets or fund balances, end of year
$60,422,063
Program services expenses (Part IX)
$135,941,644
Management and general expenses
$6,812,086
Fundraising expenses
$0
Program service expenses (Part III)
$135,941,644

Program services were 95.2% 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.

  • 1e · Government grants (contributions)

    $80,289,063

  • 2a · Program service revenue: SALES & SERVICES OF ED

    total $21,448,932 · related or exempt $21,448,932

  • 2b · Program service revenue: COMMISSIONS

    total $16,306,895 · related or exempt $16,306,895

  • 2c · Program service revenue: ADMINISTRATIVE FEES

    total $10,738,648 · related or exempt $10,738,648

  • 3 · Investment income

    total $3,572,033 · excluded $3,572,033

  • 5 · Royalties

    total $135,844 · excluded $135,844

  • 6a · Gross rents

    real property $12,546,271

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,546,271

  • 6d · Net rental income or loss

    total $12,546,271 · excluded $12,546,271

  • 7a · Gross sales of assets other than inventory

    securities $2,222,638 · other assets $140,618

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

    securities $2,112,877 · other assets $140,927

  • 7c · Gain or loss

    securities $109,761 · other assets -$309

  • 7d · Net gain or loss

    total $109,452 · excluded $109,452

  • 11a · Other revenue: MISCELLANEOUS FEES

    total $212,062 · related or exempt $212,062

  • 11e · Other revenue, total

    $212,062

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $968,459 · program services $968,459

  • 2 · Grants to domestic individuals

    total $5,791,646 · program services $5,791,646

  • 5 · Compensation of officers, directors and key employees

    total $1,587,997 · program services $356,477 · management and general $1,231,520

  • 7 · Other salaries and wages

    total $57,567,403 · program services $54,541,492 · management and general $3,025,911

  • 8 · Pension plan contributions

    total $5,140,985 · program services $4,642,490 · management and general $498,495

  • 9 · Other employee benefits

    total $4,284,047 · program services $3,825,409 · management and general $458,638

  • 10 · Payroll taxes

    total $3,218,391 · program services $2,939,644 · management and general $278,747

  • 11a · Fees: management

    total $14,520 · program services $14,520

  • 11b · Fees: legal

    total $56,041 · program services $39,512 · management and general $16,529

  • 11c · Fees: accounting

    total $49,901 · program services $49,901

  • 11f · Fees: investment management

    total $22,833 · management and general $22,833

  • 11g · Fees: other

    total $12,927,112 · program services $12,580,409 · management and general $346,703

  • 12 · Advertising and promotion

    total $86,851 · program services $63,853 · management and general $22,998

  • 13 · Office expenses

    total $1,222,090 · program services $1,145,811 · management and general $76,279

  • 14 · Information technology

    total $319,084 · program services $115,533 · management and general $203,551

  • 16 · Occupancy

    total $7,284,348 · program services $7,036,200 · management and general $248,148

  • 17 · Travel

    total $1,075,573 · program services $1,067,370 · management and general $8,203

  • 19 · Conferences, conventions and meetings

    total $16,813 · program services $15,945 · management and general $868

  • 20 · Interest

    total $2,848,850 · program services $2,848,850

  • 21 · Payments to affiliates

    total $6,094,431 · program services $5,926,047 · management and general $168,384

  • 22 · Depreciation, depletion and amortization

    total $7,460,210 · program services $7,460,210

  • 23 · Insurance

    total $1,423,400 · program services $1,343,999 · management and general $79,401

  • 24a · Other expenses: PROJECT EXPENSE

    total $11,409,240 · program services $11,406,669 · management and general $2,571

  • 24b · Other expenses: INDIRECT COST ALLOC

    total $10,571,894 · program services $10,571,894

  • 24c · Other expenses: OTHER EXPENSES

    total $1,262,633 · program services $1,160,842 · management and general $101,791

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $48,978 · program services $28,462 · management and general $20,516

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,590,864 · end of year $3,047,942

  • 2 · Savings and temporary cash investments

    beginning of year $8,802,319 · end of year $3,967,372

  • 3 · Pledges and grants receivable

    beginning of year $38,910,785 · end of year $35,698,895

  • 4 · Accounts receivable

    beginning of year $1,678,856 · end of year $1,853,435

  • 7 · Other notes and loans receivable

    beginning of year $844,000 · end of year $633,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,295,835 · end of year $9,508,197

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

    $174,230,694

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

    $62,469,932

  • 10c · Land, buildings and equipment, net

    beginning of year $116,427,066 · end of year $111,760,762

  • 11 · Investments: publicly traded securities

    beginning of year $10,303,211 · end of year $11,717,750

  • 12 · Investments: other securities

    beginning of year $9,930,668 · end of year $12,563,877

  • 15 · Other assets

    beginning of year $104,334,231 · end of year $97,173,801

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,137,669 · end of year $15,700,870

  • 19 · Deferred revenue

    beginning of year $13,944,491 · end of year $11,892,271

  • 20 · Tax-exempt bond liabilities

    beginning of year $8,070,000 · end of year $7,470,000

  • 23 · Secured mortgages and notes payable

    beginning of year $66,393,410 · end of year $62,433,140

  • 25 · Other liabilities

    beginning of year $139,742,952 · end of year $130,006,687

  • 29 · Capital stock, trust principal or current funds

    beginning of year $17,224,976 · end of year $18,590,078

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

    beginning of year $39,604,337 · end of year $41,831,985

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

UNIVERSITY ENTERPRISES, INC.'S (UEI) MISSION IS TO PROVIDE PROGRAMS AND SERVICES THAT ENRICH THE SACRAMENTO STATE EXPERIENCE AND SUPPORT THE EVOLVING NEEDS OF THE UNIVERSITY COMMUNITY. UEI ADMINISTERS MORE THAN 500 RESEARCH GRANTS, CONTRACTS, AND SPONSORED PROGRAMS CONDUCTED THROUGH THE UNIVERSITY IN PARTNERSHIP WITH STATE AND FEDERAL AGENCIES AND RESOURCE PROGRAMS IN SUPPORT OF THE UNIVERSITY. UEI ALSO ADMINISTERS FOOD SERVICE, PROPERTY SERVICES AND BOOKSTORE OPERATIONS ON CAMPUS.

Activities or mission (Part I)

PROVIDE PROGRAMS & SERVICES THAT ENRICH & SUPPORT THE EVOLVING NEEDS OF THE UNIVERSITY COMMUNITY.

  • FEDERALLY FUNDED PROGRAMS:- US DEPARTMENT OF EDUCATION FUNDING SUPPORTS A VARIETY OF PROJECTS BENEFITTING SACRAMENTO STATE STUDENTS INCLUDING THE INSTITUTIONAL NETWORKS FOR (STUDENT) SUCCESS (PEER) PROGRAMS AND INSTRUCTIONAL REDESIGN EFFORTS (INSPIRE) PROJECT WHICH SEEKS TO INCREASE THE NUMBER OF GRADUATES FROM UNDERSERVED POPULATIONS; THE CHILD CARE ACCESS MEANS PARENTS IN SCHOOLS (CCAMPIS) PROGRAM WHICH SUPPORTS OUT-OF-POCKET CHILDCARE EXPENSES FOR STUDENTS, AND THE ASIAN AMERICAN NATIVE AMERICAN PACIFIC ISLANDER (AANAPISI) FUNDING WHICH FUNDS ASSISTANCE AND SERVICES TO STUDENTS AND LOW INCOME INDIVIDUALS.- NATIONAL SCIENCE FOUNDATION FUNDING SUPPORTS TECHNOLOGY AND SCIENTIFIC RELATED RESEARCH AND EDUCATIONAL PROJECTS. FOR EXAMPLE, THE "LEAPS-MPS: UNVEILING THE ROLE OF A GALAXY'S STRUCTURE WITH BESPOKE NUMERICAL MODELS" PROJECT, WHICH INVESTIGATES THE DEGREE TO WHICH A GALAXY'S STRUCTURE AND DYNAMICS ARE A CONTROLLING FACTOR IN REGULATING STAR FORMING ACTIVITY, AND "PROJECT SOAR," WHICH AIMS TO IMPROVE STUDENTS' ACADEMIC PERFORMANCE IN ONLINE STEM COURSES THROUGH COURSE REDESIGN.- FUNDING FROM THE ENVIRONMENTAL PROTECTION AGENCY SUPPORTS THE OPERATIONS OF THE REGION 9 ENVIRONMENTAL FINANCE CENTER (EFC) AT SACRAMENTO STATE. THE EFC IS OPERATED BY SAC STATE'S OFFICE OF WATER PROGRAMS WITH THE GOAL OF PROVIDING ENVIRONMENTAL SERVICES TO REGION 9 COMMUNITIES.- GRANTS FROM THE NATIONAL INSTITUTE OF GENERAL MEDICAL SCIENCES SUPPORT BASIC RESEARCH, INCLUDING RESEARCH ON ANTI-HIV MICROBICIDE AGENTS, AND RESEARCH TRAINING ACTIVITIES FOR STUDENTS FROM GROUPS UNDERREPRESENTED IN THE BIOMEDICAL SCIENCES.- A COLLABORATION WITH THE U.S. GEOLOGICAL SURVEY TO DEVELOP SUMMARIES OF OIL AND GAS WELL LOGS FROM PUBLICLY AVAILABLE WELL LOGS TO ASSIST IN THE DEVELOPMENT OF CONCEPTUAL MODELS OF HYDROGEOLOGIC SYSTEMS AND IDENTIFY THE POTENTIAL LOCATION OF TRANSPORT PATHWAYS.STATE & LOCALLY FUNDED PROGRAMS:- FUNDING PROVIDED FOR THE EMPLOYMENT OF STUDENTS WITHIN STATE AGENCIES AND LOCAL GOVERNMENTS FOR THE PURPOSE OF FURTHERING THE STUDENTS' AREA OF STUDY AND PROVIDING THEM WITH VALUABLE ON-THE-JOB TRAINING.- CONTRACT SERVICES PROVIDED BY SACRAMENTO STATE FACULTY TO THE STATE OF CALIFORNIA AND LOCAL GOVERNMENT AGENCIES SUCH AS ASSESSMENT SURVEYS AND STUDIES, APPLIANCE TESTING, AND PROFESSIONAL DEVELOPMENT FOR SCHOOL TEACHERS.- IN COLLABORATION WITH THE STATE WATER RESOURCES CONTROL BOARD, THE OFFICE OF WATER PROGRAMS PROVIDES TECHNICAL, MANAGEMENT, AND FINANCIAL SERVICES TO SMALL DISADVANTAGED COMMUNITIES IN CALIFORNIA TO RETROFIT OR REPLACE A DRINKING WATER SYSTEM.OTHER EXTERNALLY FUNDED PROGRAMS:- UNIVERSITY ENTERPRISES, INC'S PROGRAM SERVICES BENEFITS MORE THAN 33,300 FACULTY, STAFF, AND STUDENTS OF SACRAMENTO STATE AS WELL AS THE GENERAL POPULACE.- DEVELOP AND IMPLEMENT PROGRAMS AND PUBLISH TRAINING MATERIALS FOR OPERATORS OF WATER TREATMENT PLANTS, WATER DISTRIBUTION SYSTEMS, WASTEWATER COLLECTION SYSTEMS, AND MUNICIPAL AND INDUSTRIAL WASTEWATER TREATMENT AND RECLAMATION FACILITIES.- THE INSTITUTE FOR SOCIAL RESEARCH RECEIVES STATE OF CALIFORNIA, LOCAL GOVERNMENT, AND NON-PROFIT FUNDING FOR CUSTOMIZED PROJECTS INCLUDING COMMUNITY LISTENING SESSIONS, TECHNICAL SUPPORT, PROGRAM/POLICY EVALUATION, AND SURVEY RESEARCH SERVICES.- THE TITLE IV-E STIPEND PROGRAM PREPARES BOTH MSW AND BSW STUDENTS FOR SOCIAL WORK CAREERS IN PUBLIC CHILD WELFARE SERVICES AND OFFERS STIPENDS AND REIMBURSEMENT SUPPORT FOR TUITION, FEES, AND BOOKS.

    Expenses $135,941,644 · Grants $6,760,105 · Revenue $48,706,537

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CARLOS NEVAREZ

    DIRECTOR

    Total calculated
    $413,464
    From this org
    $0
    From related orgs
    $294,533
    Other
    $118,931
    Hours/week
    0.26 + 39.74 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,913 related
    Bonus
    $0
    Other
    $0 + $620 related
    Deferred
    $0 + $87,257 related
    Nontaxable benefits
    $0 + $31,674 related
    Filer's total
    $0 + $413,464 related

  • MARK WHEELER

    CHAIR

    Total calculated
    $349,012
    From this org
    $0
    From related orgs
    $274,850
    Other
    $74,162
    Hours/week
    0.24 + 39.76 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,328 related
    Bonus
    $0
    Other
    $0 + $522 related
    Deferred
    $0 + $48,240 related
    Nontaxable benefits
    $0 + $25,922 related
    Filer's total
    $0 + $349,012 related

  • MACHELLE MARTIN

    DIRECTOR

    Total calculated
    $307,586
    From this org
    $0
    From related orgs
    $230,823
    Other
    $76,763
    Hours/week
    0.35 + 39.65 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,203 related
    Bonus
    $0
    Other
    $0 + $620 related
    Deferred
    $0 + $45,812 related
    Nontaxable benefits
    $0 + $30,951 related
    Filer's total
    $0 + $307,586 related

  • ROSLYN ROBERTS

    DIRECTOR

    Total calculated
    $282,242
    From this org
    $0
    From related orgs
    $202,819
    Other
    $79,423
    Hours/week
    0.29 + 39.71 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,672 related
    Bonus
    $0
    Other
    $0 + $147 related
    Deferred
    $0 + $46,327 related
    Nontaxable benefits
    $0 + $33,096 related
    Filer's total
    $0 + $282,242 related

  • FRANZISKA M RENZ

    DIRECTOR

    Total calculated
    $182,162
    From this org
    $0
    From related orgs
    $134,479
    Other
    $47,683
    Hours/week
    0.26 + 39.74 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,332 related
    Bonus
    $0
    Other
    $0 + $147 related
    Deferred
    $0 + $35,542 related
    Nontaxable benefits
    $0 + $12,141 related
    Filer's total
    $0 + $182,162 related

  • NATALY ANDRADE-DOMINQUEZ

    STUDENT REPRESENTATIVE

    Total calculated
    $1,439
    From this org
    $0
    From related orgs
    $1,439
    Other
    $0
    Hours/week
    0.22 + 39.78 related

  • BINDU JADURAM

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARCO RODRIGUEZ

    SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JERRY AZEVEDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES CHEUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GABRIEL CONEJO GALLEGOS

    DIRECTOR / STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    0.29 + 39.71 related

  • NICHOLAS HASTINGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL LYNCH THRU 425

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAUREN OTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN MELIKIAN

    EXECUTIVE DIRECTOR, UEI

    Total calculated
    $240,528
    From this org
    $171,463
    From related orgs
    $0
    Other
    $69,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,219
    Bonus
    $0
    Other
    $2,244
    Deferred
    $67,542
    Nontaxable benefits
    $1,523
    Filer's total
    $240,528

  • TRINA KNIGHT THRU 1124

    DIRECTOR, HUMAN RESOURCES

    Total calculated
    $236,562
    From this org
    $158,826
    From related orgs
    $0
    Other
    $77,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,837
    Bonus
    $0
    Other
    $31,989
    Deferred
    $55,793
    Nontaxable benefits
    $21,943
    Filer's total
    $236,562

  • TERRI STEVENS

    DIRECTOR, FINANCE/CFO

    Total calculated
    $233,001
    From this org
    $171,741
    From related orgs
    $0
    Other
    $61,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,994
    Bonus
    $0
    Other
    $747
    Deferred
    $46,065
    Nontaxable benefits
    $15,195
    Filer's total
    $233,001

  • MONICA KAUPPINEN

    DIRECTOR, SPONSORED PROGRAMS

    Total calculated
    $230,337
    From this org
    $163,943
    From related orgs
    $0
    Other
    $66,394
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,697
    Bonus
    $0
    Other
    $246
    Deferred
    $48,273
    Nontaxable benefits
    $18,121
    Filer's total
    $230,337

  • KEOHIOKALANI GRIFFITH

    DIRECTOR, REAL ESTATE SERVICES

    Total calculated
    $214,189
    From this org
    $143,344
    From related orgs
    $0
    Other
    $70,845
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,122
    Bonus
    $0
    Other
    $6,222
    Deferred
    $42,214
    Nontaxable benefits
    $28,631
    Filer's total
    $214,189

  • ANGELA BARRETT-RADER

    DIRECTOR, RETAIL AND MARKETING

    Total calculated
    $196,441
    From this org
    $142,501
    From related orgs
    $0
    Other
    $53,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,281
    Bonus
    $0
    Other
    $220
    Deferred
    $41,653
    Nontaxable benefits
    $12,287
    Filer's total
    $196,441

  • ERICA BIAGI

    DIRECTOR, HUMAN RESOURCES

    Total calculated
    $17,216
    From this org
    $11,908
    From related orgs
    $0
    Other
    $5,308
    Hours/week
    41

  • WILLIAM OLMSTED

    EXECUTIVE DIRECTOR, UNION-WELL

    Total calculated
    $263,627
    From this org
    $177,845
    From related orgs
    $0
    Other
    $85,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,580
    Bonus
    $0
    Other
    $265
    Deferred
    $52,926
    Nontaxable benefits
    $32,856
    Filer's total
    $263,627

  • RANDALL MARX

    STAFF RESEARCH ENGINEER IV

    Total calculated
    $236,618
    From this org
    $172,901
    From related orgs
    $0
    Other
    $63,717
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,636
    Bonus
    $0
    Other
    $265
    Deferred
    $44,068
    Nontaxable benefits
    $19,649
    Filer's total
    $236,618

  • BRIAN CURRIER

    STAFF RESEARCH ENGINEER IV

    Total calculated
    $234,694
    From this org
    $175,392
    From related orgs
    $0
    Other
    $59,302
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,132
    Bonus
    $0
    Other
    $2,260
    Deferred
    $52,114
    Nontaxable benefits
    $7,188
    Filer's total
    $234,694

  • KEVIN MURPHY

    ASSOCIATE DIRECTOR, RESEARCH

    Total calculated
    $224,847
    From this org
    $141,396
    From related orgs
    $0
    Other
    $83,451
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,121
    Bonus
    $0
    Other
    $275
    Deferred
    $56,178
    Nontaxable benefits
    $27,273
    Filer's total
    $224,847

  • MAUREEN KERNER

    STAFF RESEARCH ENG. IV/ ASS. DIR.

    Total calculated
    $191,239
    From this org
    $115,609
    From related orgs
    $0
    Other
    $75,630
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,362
    Bonus
    $0
    Other
    $247
    Deferred
    $48,375
    Nontaxable benefits
    $27,255
    Filer's total
    $191,239

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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 4A
TRINA KNIGHT RECEIVED SEVERANCE PAYMENT OF $31,698

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2024
Filed
3 April 2026
IRS schema version
2024v5.5
Source object
202601039349302200

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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