Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $47,630

• 1c · Fundraising events

  $68,425

• 1d · Related organizations

  $6,920,267

• 1f · All other contributions, gifts and grants

  $16,285,190

• 1g · Noncash contributions included above

  $228,647

• 2a · Program service revenue: PROJECT REVENUE

  total $2,939,734 · related or exempt $2,864,672 · unrelated business $75,062

• 2b · Program service revenue: FACILITIES RENTAL

  total $2,498,261 · related or exempt $2,145,637 · unrelated business $352,624

• 2c · Program service revenue: REGISTRATION FEES

  total $636,275 · related or exempt $636,275

• 3 · Investment income

  total $1,776,680 · unrelated business -$144,740 · excluded $1,921,420

• 7a · Gross sales of assets other than inventory

  securities $31,500,562

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

  securities $31,082,831

• 7c · Gain or loss

  securities $417,731

• 7d · Net gain or loss

  total $417,731 · excluded $417,731

• 8a · Fundraising events: gross income

  $71,325

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

  $68,425

• 8b · Fundraising events: direct expenses

  $76,041

• 8c · Net income from fundraising events

  total -$4,716 · excluded -$4,716

• 10a · Gross sales of inventory

  $1,233,725

• 10b · Cost of goods sold

  $577,745

• 10c · Net income from sales of inventory

  total $655,980 · related or exempt $655,980

• 11a · Other revenue: OTHER OPERATING REVENUE

  total $22,203 · related or exempt $17,203 · unrelated business $5,000

• 11e · Other revenue, total

  $22,203

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,091,113 · program services $6,091,113

• 2 · Grants to domestic individuals

  total $2,512,619 · program services $2,512,619

• 7 · Other salaries and wages

  total $6,999,661 · program services $5,123,544 · management and general $1,876,117

• 8 · Pension plan contributions

  total $11,503 · program services $5,378 · management and general $6,125

• 9 · Other employee benefits

  total $2,652,358 · program services $1,240,057 · management and general $1,412,301

• 11b · Fees: legal

  total $5,075 · management and general $5,075

• 11c · Fees: accounting

  total $65,140 · management and general $65,140

• 11f · Fees: investment management

  total $181,751 · management and general $181,751

• 11g · Fees: other

  total $1,828,308 · program services $976,946 · management and general $851,362

• 12 · Advertising and promotion

  total $7,928 · program services $7,035 · management and general $893

• 13 · Office expenses

  total $1,164,696 · program services $1,066,821 · management and general $97,875

• 16 · Occupancy

  total $1,342,211 · program services $232,510 · management and general $1,109,701

• 17 · Travel

  total $342,884 · program services $335,248 · management and general $7,636

• 19 · Conferences, conventions and meetings

  total $59,236 · program services $59,236

• 20 · Interest

  total $251,624 · management and general $251,624

• 22 · Depreciation, depletion and amortization

  total $848,474 · management and general $848,474

• 23 · Insurance

  total $154,322 · program services $89,168 · management and general $65,154

• 24a · Other expenses: NON-DEPRECIATION COMPUT

  total $590,393 · program services $589,736 · management and general $657

• 24b · Other expenses: HOSPITALITY

  total $500,212 · program services $496,176 · management and general $4,036

• 24e · All other expenses

  total $2,534,792 · program services $2,354,454 · management and general $180,338

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,576,514 · end of year $1,435,363

• 2 · Savings and temporary cash investments

  beginning of year $595,115 · end of year $720,847

• 3 · Pledges and grants receivable

  beginning of year $9,769,815 · end of year $8,840,064

• 4 · Accounts receivable

  beginning of year $2,558,583 · end of year $1,740,421

• 8 · Inventories for sale or use

  beginning of year $21,673 · end of year $17,190

• 9 · Prepaid expenses and deferred charges

  beginning of year $41,476 · end of year $39,717

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

  $15,970,821

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

  $5,057,482

• 10c · Land, buildings and equipment, net

  beginning of year $9,813,645 · end of year $10,913,339

• 11 · Investments: publicly traded securities

  beginning of year $20,642,446 · end of year $25,269,621

• 12 · Investments: other securities

  beginning of year $28,738,510 · end of year $31,671,559

• 15 · Other assets

  beginning of year $20,867,700 · end of year $19,390,090

• 17 · Accounts payable and accrued expenses

  beginning of year $1,864,725 · end of year $1,591,652

• 19 · Deferred revenue

  beginning of year $19,694,775 · end of year $18,050,640

• 25 · Other liabilities

  beginning of year $9,777,003 · end of year $11,047,775

• 29 · Capital stock, trust principal or current funds

  beginning of year -$595,893 · end of year $793,388

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

  beginning of year $9,813,645 · end of year $10,913,339

• 31 · Retained earnings, endowment or other funds

  beginning of year $54,071,222 · end of year $57,641,417

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE DIRECTOR OF THE UNIVERSITY CORPORATION IS COMPENSATED BY SAN FRANCISCO STATE UNIVERSITY ("SFSU"), A RELATED ORGANIZATION. SFSU UTILIZES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTORS: COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS, AND BOARD OR COMMITTEE APPROVAL.