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← SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION.

Totals

Total revenue
$89,270,240
Total expenses
$84,376,504
Contributions and grants received
$71,885,764
Grants paid
$6,910,818
Program service revenue
$13,474,659
Investment income
$2,852,796
Other revenue
$1,057,021
Total assets, end of year
$76,693,420
Total liabilities, end of year
$48,048,071
Net assets or fund balances, end of year
$28,645,349
Program services expenses (Part IX)
$73,361,363
Management and general expenses
$11,015,141
Fundraising expenses
$0
Program service expenses (Part III)
$73,361,363

Program services were 86.9% 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.

  • 1d · Related organizations

    $1,000,000

  • 1e · Government grants (contributions)

    $70,858,680

  • 1f · All other contributions, gifts and grants

    $27,084

  • 1g · Noncash contributions included above

    $27,084

  • 2a · Program service revenue: OTHER OPERATING REVENUE

    total $5,332,020 · related or exempt $5,332,020

  • 2b · Program service revenue: PROGRAM FEES

    total $3,106,310 · related or exempt $3,106,310

  • 2c · Program service revenue: LOCAL & OTHER CONTRACTS

    total $2,045,237 · related or exempt $2,045,237

  • 2d · Program service revenue: NONGOVERNMENTAL

    total $2,014,407 · related or exempt $2,014,407

  • 2e · Program service revenue: STUDENT TUITION AND FEES

    total $639,284 · related or exempt $639,284

  • 2f · All other program service revenue

    total $337,401 · related or exempt $337,401

  • 3 · Investment income

    total $1,022,539 · excluded $1,022,539

  • 6a · Gross rents

    real property $139,765

  • 6b · Less rental expenses

    real property $42,640

  • 6c · Rental income or loss

    real property $97,125

  • 6d · Net rental income or loss

    total $97,125 · excluded $97,125

  • 7a · Gross sales of assets other than inventory

    securities $19,093,723

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

    securities $17,232,637 · other assets $30,829

  • 7c · Gain or loss

    securities $1,861,086 · other assets -$30,829

  • 7d · Net gain or loss

    total $1,830,257 · excluded $1,830,257

  • 11d · All other revenue

    total $959,896 · excluded $959,896

  • 11e · Other revenue, total

    $959,896

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $869,758 · program services $869,758

  • 2 · Grants to domestic individuals

    total $6,041,060 · program services $6,041,060

  • 5 · Compensation of officers, directors and key employees

    total $790,472 · program services $45,441 · management and general $745,031

  • 7 · Other salaries and wages

    total $34,130,716 · program services $29,506,724 · management and general $4,623,992

  • 8 · Pension plan contributions

    total $1,354,370 · program services $1,145,806 · management and general $208,564

  • 9 · Other employee benefits

    total $7,858,257 · program services $6,399,226 · management and general $1,459,031

  • 10 · Payroll taxes

    total $2,305,255 · program services $1,943,042 · management and general $362,213

  • 11b · Fees: legal

    total $83,350 · program services $74,116 · management and general $9,234

  • 11c · Fees: accounting

    total $159,855 · program services -$52,300 · management and general $212,155

  • 11f · Fees: investment management

    total $138,347 · management and general $138,347

  • 11g · Fees: other

    total $5,522,712 · program services $5,397,351 · management and general $125,361

  • 12 · Advertising and promotion

    total $17,625 · program services $1,038 · management and general $16,587

  • 13 · Office expenses

    total $3,634,894 · program services $3,457,134 · management and general $177,760

  • 14 · Information technology

    total $1,200,249 · program services $289,985 · management and general $910,264

  • 16 · Occupancy

    total $431,065 · program services $226,856 · management and general $204,209

  • 17 · Travel

    total $2,135,823 · program services $2,004,195 · management and general $131,628

  • 19 · Conferences, conventions and meetings

    total $273,285 · program services $235,792 · management and general $37,493

  • 20 · Interest

    total -$5,250 · management and general -$5,250

  • 22 · Depreciation, depletion and amortization

    total $3,059,884 · program services $1,713,522 · management and general $1,346,362

  • 23 · Insurance

    total $515,440 · program services $208,864 · management and general $306,576

  • 24a · Other expenses: SUBCONTRACT

    total $15,669,949 · program services $15,669,949

  • 24b · Other expenses: OPEB

    total -$2,120,017 · program services -$2,120,017

  • 24e · All other expenses

    total $309,405 · program services $303,821 · management and general $5,584

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,095,647 · end of year $3,218,081

  • 2 · Savings and temporary cash investments

    beginning of year $25,392 · end of year $25,392

  • 3 · Pledges and grants receivable

    beginning of year $11,094,958 · end of year $21,463,549

  • 9 · Prepaid expenses and deferred charges

    beginning of year $406,469 · end of year $475,457

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

    $33,847,425

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

    $16,592,524

  • 10c · Land, buildings and equipment, net

    beginning of year $15,594,807 · end of year $17,254,901

  • 11 · Investments: publicly traded securities

    beginning of year $26,157,408 · end of year $23,524,942

  • 12 · Investments: other securities

    beginning of year $3,108,017 · end of year $3,139,934

  • 15 · Other assets

    beginning of year $8,305,952 · end of year $7,591,164

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,604,730 · end of year $14,456,202

  • 19 · Deferred revenue

    beginning of year $7,765,880 · end of year $7,320,865

  • 23 · Secured mortgages and notes payable

    end of year $4,000,000

  • 25 · Other liabilities

    beginning of year $26,529,405 · end of year $22,271,004

  • 29 · Capital stock, trust principal or current funds

    beginning of year $8,601,526 · end of year $15,384,452

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

    beginning of year $15,287,109 · end of year $13,260,897

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

AS AN INTEGRAL MEMBER OF THE SAN JOSE STATE UNIVERSITY COMMUNITY, THE SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION PROVIDES AN ENTREPRENEURIAL FRAMEWORK THROUGH WHICH LOCAL, STATE AND FEDERAL AGENCIES, BUSINESSES AND PRIVATE FOUNDATIONS ENGAGE SJSU FACULTY AND STUDENTS IN SPONSORED RESEARCH, PUBLIC SERVICE AND COMMUNITY PROJECTS, CONSULTING AND OTHER SPECIALIZED EDUCATIONAL ACTIVITIES IN SUPPORT OF THE UNIVERSITY'S MISSION. DELIVERING SPECIALIZED BUSINESS SERVICES TO SUPPORT A DIVERSE RANGE OF EXTERNALLY FUNDED ACTIVITIES, THE SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION FOSTERS THE UNIVERSITY'S QUEST FOR EXCELLENCE BY: (1) SUPPORTING FACULTY SUCCESS, (2) EXPANDING STUDENT HORIZONS, (3) DELIVERING SPECIALIZED BUSINESS SERVICES, AND (4) DEVELOPING PARTNERSHIPS WITH THE COMMUNITY.

Activities or mission (Part I)

THE SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION IS AN AUXILIARY ORGANIZATION OF SAN JOSE STATE UNIVERSITY AND THE CALIFORNIA STATE UNIVERSITY SYSTEM. THE FOUNDATION'S MISSION IS TO ADVANCE THE WELFARE OF THE UNIVERSITY AND ASSIST IN FULFILLING ITS OBJECTIVES, SUPPLEMENT PROGRAMS AND ACTIVITIES OF THE UNIVERSITY, AND PROMOTE AND ASSIST THE UNIVERSITY'S EDUCATION SERVICES.

  • SPONSORED PROGRAMS: PROVIDE GRANT AND CONTRACT PROPOSAL DEVELOPMENT, AND SUPPORT AND ADMINISTRATION SERVICES TO SAN JOSE STATE UNIVERSITY FACULTY, GENERATING 347 PROPOSALS AND RECEIVING 253 AWARDS WORTH $111,384,752 DURING FISCAL YEAR ENDING JUNE 30, 2025. THE EXTERNALLY SURROUNDING COMMUNITY BENEFICIARIES OF THESE ACTIVITIES ARE THE STUDENTS WHOSE ENRICHED EXPERIENCE HAVE DIRECT CONSEQUENCES FOR THE FUTURE OF OUR METROPOLITAN AREA.

    Expenses $60,156,317 · Grants $6,910,818 · Revenue $11,049,220

  • CAMPUS AND COMMUNITY PROGRAMS: INCLUDE NUMEROUS NON-CREDIT PROGRAMS AND ACTIVITIES THAT SUPPLEMENT AND SUPPORT THE SAN JOSE STATE UNIVERSITY'S EDUCATIONAL MISSION. THESE ACTIVITIES BENEFIT THE STUDENTS, FACULTY, AND THE SURROUNDING SAN JOSE COMMUNITY.

    Expenses $13,205,046 · Revenue $2,425,439

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

Listed in Part VII

  • MARC D'ALARCAO

    BOARD PRESIDENT

    Total calculated
    $369,019
    From this org
    $0
    From related orgs
    $264,299
    Other
    $104,720
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,299 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $71,139 related
    Nontaxable benefits
    $0 + $33,581 related
    Filer's total
    $0 + $369,019 related

  • MOHAMED ABOUSALEM

    BOARD PRESIDENT

    Total calculated
    $207,857
    From this org
    $0
    From related orgs
    $165,262
    Other
    $42,595
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,331 related
    Bonus
    $0
    Other
    $0 + $7,931 related
    Deferred
    $0 + $40,899 related
    Nontaxable benefits
    $0 + $1,696 related
    Filer's total
    $0 + $207,857 related

  • JESSICA TRASK

    BOARD VICE PRESIDENT

    Total calculated
    $245,713
    From this org
    $0
    From related orgs
    $198,810
    Other
    $46,903
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,130 related
    Bonus
    $0
    Other
    $0 + $1,680 related
    Deferred
    $0 + $44,894 related
    Nontaxable benefits
    $0 + $2,009 related
    Filer's total
    $0 + $245,713 related

  • RICHARD MOCARSKI

    BOARD VICE PRESIDENT

    Total calculated
    $201,726
    From this org
    $1,096
    From related orgs
    $148,826
    Other
    $51,804
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $1,096 + $127,807 related
    Bonus
    $0
    Other
    $0 + $21,019 related
    Deferred
    $0 + $33,347 related
    Nontaxable benefits
    $0 + $18,457 related
    Filer's total
    $1,096 + $200,630 related

  • CHARLIE FAAS

    BOARD TREASURER

    Total calculated
    $397,459
    From this org
    $0
    From related orgs
    $315,682
    Other
    $81,777
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,682 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $48,463 related
    Nontaxable benefits
    $0 + $33,314 related
    Filer's total
    $0 + $397,459 related

  • SHERYL EHRMAN

    SJSU DEAN

    Total calculated
    $350,854
    From this org
    $0
    From related orgs
    $271,229
    Other
    $79,625
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,229 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $47,306 related
    Nontaxable benefits
    $0 + $32,319 related
    Filer's total
    $0 + $350,854 related

  • HEATHER LATTIMER

    SJSU DEAN

    Total calculated
    $310,600
    From this org
    $0
    From related orgs
    $249,693
    Other
    $60,907
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,693 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $45,838 related
    Nontaxable benefits
    $0 + $15,069 related
    Filer's total
    $0 + $310,600 related

  • ANNE MARIE TODD

    SJSU DEAN

    Total calculated
    $324,149
    From this org
    $0
    From related orgs
    $237,618
    Other
    $86,531
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,618 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $71,181 related
    Nontaxable benefits
    $0 + $15,350 related
    Filer's total
    $0 + $324,149 related

  • JASON ALEKSANDER

    SJSU PROFESSOR

    Total calculated
    $205,520
    From this org
    $0
    From related orgs
    $133,517
    Other
    $72,003
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,517 related
    Bonus
    $0 + $500 related
    Other
    $0 + $500 related
    Deferred
    $0 + $38,344 related
    Nontaxable benefits
    $0 + $33,659 related
    Filer's total
    $0 + $205,520 related

  • PETRA DEKENS

    MLML EXECUTIVE DIRECTOR

    Total calculated
    $268,717
    From this org
    $0
    From related orgs
    $182,036
    Other
    $86,681
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,036 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $54,319 related
    Nontaxable benefits
    $0 + $32,362 related
    Filer's total
    $0 + $268,717 related

  • LAURIE DRABBLE

    SJSU PROFESSOR (UNTIL 10/24)

    Total calculated
    $76,698
    From this org
    $14,921
    From related orgs
    $61,529
    Other
    $248
    Hours/week
    1 + 40 related

  • KATY KAO

    SJSU PROFESSOR

    Total calculated
    $224,340
    From this org
    $23,301
    From related orgs
    $145,330
    Other
    $55,709
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $23,301 + $145,330 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $42,920 related
    Nontaxable benefits
    $256 + $12,533 related
    Filer's total
    $23,557 + $200,783 related

  • MATTHEW SPANGLER

    SJSU DEPARTMENT CHAIR

    Total calculated
    $210,875
    From this org
    $0
    From related orgs
    $164,148
    Other
    $46,727
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,288 related
    Bonus
    $0 + $180 related
    Other
    $0 + $1,680 related
    Deferred
    $0 + $46,571 related
    Nontaxable benefits
    $0 + $156 related
    Filer's total
    $0 + $210,875 related

  • HENRI BRILLON

    STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1 + 20 related

  • SARA NAYEEM

    STUDENT REPRESENTATIVE (UNTIL 02/25)

    Total calculated
    $2,784
    From this org
    $0
    From related orgs
    $2,784
    Other
    $0
    Hours/week
    1 + 20 related

  • IVANO AIELLO

    MLML PROFESSOR (UNTIL 10/24)

    Total calculated
    $226,086
    From this org
    $7,149
    From related orgs
    $151,623
    Other
    $67,314
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $7,149 + $151,623 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $44,846 related
    Nontaxable benefits
    $79 + $22,389 related
    Filer's total
    $7,228 + $218,858 related

  • VINCENT DEL CASINO

    SJSU PROVOST

    Total calculated
    $507,266
    From this org
    $0
    From related orgs
    $369,393
    Other
    $137,873
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $369,393 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $107,563 related
    Nontaxable benefits
    $0 + $30,310 related
    Filer's total
    $0 + $507,266 related

  • ANDREW EXNER

    EXECUTIVE DIRECTOR

    Total calculated
    $286,295
    From this org
    $251,402
    From related orgs
    $0
    Other
    $34,893
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,402
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $34,893
    Filer's total
    $286,295

  • DEBORAH MALONEY

    OSP DIRECTOR

    Total calculated
    $210,358
    From this org
    $197,571
    From related orgs
    $0
    Other
    $12,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,571
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,787
    Filer's total
    $210,358

  • RANJIT KAUR

    HR DIRECTOR

    Total calculated
    $246,853
    From this org
    $192,087
    From related orgs
    $0
    Other
    $54,766
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,087
    Bonus
    $0
    Other
    $0
    Deferred
    $22,300
    Nontaxable benefits
    $32,466
    Filer's total
    $246,853

  • KAREN PHILBRICK

    MTI EXECUTIVE DIRECTOR

    Total calculated
    $316,418
    From this org
    $263,813
    From related orgs
    $0
    Other
    $52,605
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,813
    Bonus
    $0
    Other
    $0
    Deferred
    $19,200
    Nontaxable benefits
    $33,405
    Filer's total
    $316,418

  • MARK SNYCERSKI

    SENIOR RESEARCH ASSOCIATE

    Total calculated
    $320,114
    From this org
    $257,042
    From related orgs
    $0
    Other
    $63,072
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,042
    Bonus
    $0
    Other
    $0
    Deferred
    $30,479
    Nontaxable benefits
    $32,593
    Filer's total
    $320,114

  • MARK YARBROUGH

    PROJECT MANAGER

    Total calculated
    $282,513
    From this org
    $229,402
    From related orgs
    $0
    Other
    $53,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,402
    Bonus
    $0
    Other
    $0
    Deferred
    $28,350
    Nontaxable benefits
    $24,761
    Filer's total
    $282,513

  • SEAN LARAWAY

    PROJECT DIRECTOR

    Total calculated
    $447,537
    From this org
    $175,235
    From related orgs
    $198,762
    Other
    $73,540
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $175,235 + $198,762 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $58,849 related
    Nontaxable benefits
    $1,927 + $12,764 related
    Filer's total
    $177,162 + $270,375 related

  • SHAILENDRA BAGHEL

    FINANCE DIRECTOR

    Total calculated
    $236,497
    From this org
    $173,000
    From related orgs
    $0
    Other
    $63,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,000
    Bonus
    $0
    Other
    $0
    Deferred
    $30,000
    Nontaxable benefits
    $33,497
    Filer's total
    $236,497

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)

FORM 990, PART I, LINE 3
THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY SAN JOSE STATE UNIVERSITY IN ACCORDANCE WITH THE CALIFORNIA STATE UNIVERSITY MANAGEMENT PERSONNEL PROGRAM (MMP). THE ORGANIZATION'S PRESIDENT, VP AND TREASURER ARE EX-OFFICIO SJSU EMPLOYEES AS STATED IN OUR BY-LAWS, AND THEY ARE MEMBERS OF OUR EXECUTIVE COMMITTEE WHICH OVERSEES THE COMPENSATION OF OUR EXECUTIVE DIRECTOR.

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

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
13 May 2026
IRS schema version
2024v5.5
Source object
202601349349311865

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