Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,338,109

• 1g · Noncash contributions included above

  $138,383

• 2a · Program service revenue: CAMPUS PROGRAMS

  total $79,027 · related or exempt $79,027

• 3 · Investment income

  total $1,338,458 · excluded $1,338,458

• 7a · Gross sales of assets other than inventory

  securities $7,726,246

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

  securities $6,813,542

• 7c · Gain or loss

  securities $912,704

• 7d · Net gain or loss

  total $912,704 · excluded $912,704

• 11a · Other revenue: PARTNERSHIP K-1 INCOME

  total -$26,633 · unrelated business -$26,633

• 11e · Other revenue, total

  -$26,633

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,748,478 · program services $3,748,478

• 11b · Fees: legal

  total $2,385 · management and general $2,385

• 11c · Fees: accounting

  total $48,750 · management and general $48,750

• 11f · Fees: investment management

  total $208,619 · management and general $208,619

• 11g · Fees: other

  total $14,714 · management and general $14,714

• 13 · Office expenses

  total $17,888 · management and general $17,888

• 17 · Travel

  total $7,060 · management and general $7,060

• 19 · Conferences, conventions and meetings

  total $2,950 · management and general $2,950

• 23 · Insurance

  total $7,580 · management and general $7,580

• 24a · Other expenses: UNIVERSITY SERVICES

  total $119,443 · program services $0 · management and general $119,443 · fundraising $0

• 24b · Other expenses: MEMBERSHIPS

  total $12,341 · program services $0 · management and general $12,341 · fundraising $0

• 24c · Other expenses: UNIFORMS

  total $1,546 · program services $0 · management and general $1,546 · fundraising $0

• 24d · Other expenses: HOSPITALITY

  total $1,084 · program services $0 · management and general $1,084 · fundraising $0

• 24e · All other expenses

  total $359 · management and general $359

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $287,510 · end of year $243,642

• 2 · Savings and temporary cash investments

  beginning of year $320,182 · end of year $393,938

• 3 · Pledges and grants receivable

  beginning of year $2,451,341 · end of year $1,462,058

• 11 · Investments: publicly traded securities

  beginning of year $43,868,959 · end of year $49,286,075

• 12 · Investments: other securities

  beginning of year $20,489,357 · end of year $20,274,519

• 15 · Other assets

  beginning of year $933,319 · end of year $1,001,908

• 17 · Accounts payable and accrued expenses

  beginning of year $2,943 · end of year $1,973

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

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

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $68,347,725 · end of year $72,660,167

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT OF THE UNIVERSITY SERVES ON THE BOARD OF DIRECTORS FOR THE FOUNDATION AND RECEIVES A HOUSING ALLOWING FROM SONOMA STATE UNIVERSITY.

PART I, LINE 3

SONOMA STATE UNIVERSITY FOUNDATION DOES NOT HAVE ANY EMPLOYEES. SONOMA STATE UNIVERSITY, A RELATED ORGANIZATION, DOES COMPENSATE EMPLOYEES. SONOMA STATE UNIVERSITY HAS A FORMAL COMPENSATION REVIEW POLICY AND UNIVERSITY POLICIES ARE ESTABLISHED AND FOLLOWED BY UNIVERSITY EMPLOYEES.