Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $45,697

• 1c · Fundraising events

  $69,250

• 1d · Related organizations

  $7,105,573

• 1f · All other contributions, gifts and grants

  $18,514,631

• 1g · Noncash contributions included above

  $377,059

• 2a · Program service revenue: FACILITIES RENTAL

  total $2,737,486 · related or exempt $2,398,661 · unrelated business $338,825

• 2b · Program service revenue: PROJECT REVENUE

  total $2,568,491 · related or exempt $2,487,075 · unrelated business $81,416

• 2c · Program service revenue: REGISTRATION FEES

  total $608,521 · related or exempt $608,521

• 3 · Investment income

  total $1,382,779 · unrelated business -$171,007 · excluded $1,553,786

• 7a · Gross sales of assets other than inventory

  securities $14,403,090

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

  securities $14,020,833

• 7c · Gain or loss

  securities $382,257

• 7d · Net gain or loss

  total $382,257 · excluded $382,257

• 8a · Fundraising events: gross income

  $68,500

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

  $69,250

• 8b · Fundraising events: direct expenses

  $205,180

• 8c · Net income from fundraising events

  total -$136,680 · excluded -$136,680

• 10a · Gross sales of inventory

  $1,206,255

• 10b · Cost of goods sold

  $562,064

• 10c · Net income from sales of inventory

  total $644,191 · related or exempt $644,191

• 11a · Other revenue: OTHER OPERATING REVENUE

  total $72,104 · related or exempt $68,104 · unrelated business $4,000

• 11e · Other revenue, total

  $72,104

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,742,142 · program services $2,742,142

• 7 · Other salaries and wages

  total $6,519,432 · program services $4,406,657 · management and general $2,112,775

• 8 · Pension plan contributions

  total $14,276 · program services $7,551 · management and general $6,725

• 9 · Other employee benefits

  total $2,094,172 · program services $1,107,681 · management and general $986,491

• 11b · Fees: legal

  total $9,033 · management and general $9,033

• 11c · Fees: accounting

  total $58,500 · management and general $58,500

• 11f · Fees: investment management

  total $189,543 · management and general $189,543

• 11g · Fees: other

  total $629,538 · program services $537,078 · management and general $92,460

• 12 · Advertising and promotion

  total $12,279 · program services $11,495 · management and general $784

• 13 · Office expenses

  total $1,190,852 · program services $1,071,182 · management and general $119,670

• 16 · Occupancy

  total $1,544,631 · program services $478,857 · management and general $1,065,774

• 17 · Travel

  total $289,004 · program services $281,536 · management and general $7,468

• 19 · Conferences, conventions and meetings

  total $42,383 · program services $41,083 · management and general $1,300

• 20 · Interest

  total $257,475 · management and general $257,475

• 22 · Depreciation, depletion and amortization

  total $639,514 · management and general $639,514

• 23 · Insurance

  total $113,882 · program services $4,654 · management and general $109,228

• 24a · Other expenses: STIPENDS

  total $2,271,623 · program services $2,271,623

• 24b · Other expenses: NON-DEPRECIATION COMPUT

  total $1,201,448 · program services $1,201,448

• 24c · Other expenses: HOSPITALITY

  total $717,059 · program services $714,382 · management and general $2,677

• 24d · Other expenses: TUITION & FEES

  total $699,619 · program services $699,511 · management and general $108

• 24e · All other expenses

  total $2,012,271 · program services $1,272,410 · management and general $739,861

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,157,351 · end of year $1,576,514

• 2 · Savings and temporary cash investments

  beginning of year $451,603 · end of year $595,115

• 3 · Pledges and grants receivable

  beginning of year $5,090,626 · end of year $9,769,815

• 4 · Accounts receivable

  beginning of year $1,555,132 · end of year $2,558,583

• 8 · Inventories for sale or use

  beginning of year $22,904 · end of year $21,673

• 9 · Prepaid expenses and deferred charges

  beginning of year $60,790 · end of year $41,476

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

  $14,425,678

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

  $4,612,033

• 10c · Land, buildings and equipment, net

  beginning of year $10,246,037 · end of year $9,813,645

• 11 · Investments: publicly traded securities

  beginning of year $18,392,480 · end of year $20,642,446

• 12 · Investments: other securities

  beginning of year $22,694,793 · end of year $28,738,510

• 15 · Other assets

  beginning of year $19,773,035 · end of year $20,867,700

• 17 · Accounts payable and accrued expenses

  beginning of year $1,436,013 · end of year $1,864,725

• 19 · Deferred revenue

  beginning of year $18,563,715 · end of year $19,694,775

• 25 · Other liabilities

  beginning of year $9,500,630 · end of year $9,777,003

• 29 · Capital stock, trust principal or current funds

  beginning of year -$1,807,320 · end of year -$595,893

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

  beginning of year $10,246,037 · end of year $9,813,645

• 31 · Retained earnings, endowment or other funds

  beginning of year $42,505,676 · end of year $54,071,222

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.