Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $29,244

• 1e · Government grants (contributions)

  $68,517,302

• 1f · All other contributions, gifts and grants

  $33,866,092

• 1g · Noncash contributions included above

  $2,392,547

• 2a · Program service revenue: GOVERNMENT CONTRACTS

  total $48,886,006 · related or exempt $48,886,006

• 2b · Program service revenue: CAMPUS & COMMUNITY PROGRAMS

  total $31,728,616 · related or exempt $31,452,222 · unrelated business $276,394

• 2c · Program service revenue: NON-GOVERNMENT CONTRACTS

  total $25,182,854 · related or exempt $25,182,854

• 2d · Program service revenue: EQUIP-SPONSORED PROGRAMS

  total $2,120,787 · related or exempt $2,120,787

• 3 · Investment income

  total $2,368,787 · unrelated business -$334 · excluded $2,369,121

• 5 · Royalties

  total $141,656 · excluded $141,656

• 6a · Gross rents

  real property $8,419,569

• 6b · Less rental expenses

  real property $9,607,963

• 6c · Rental income or loss

  real property -$1,188,394

• 6d · Net rental income or loss

  total -$1,188,394 · excluded -$1,188,394

• 7a · Gross sales of assets other than inventory

  other assets $83,255

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

  other assets $170,664

• 7c · Gain or loss

  other assets -$87,409

• 7d · Net gain or loss

  total -$87,409 · excluded -$87,409

• 8a · Fundraising events: gross income

  $97,282

• 8b · Fundraising events: direct expenses

  $344,117

• 8c · Net income from fundraising events

  total -$246,835 · excluded -$246,835

• 11a · Other revenue: FACILITIES & ADMIN. COST RECOVERY

  total $1,043,103 · excluded $1,043,103

• 11b · Other revenue: TOWER RENTALS

  total $37,710 · unrelated business $37,710

• 11e · Other revenue, total

  $1,080,813

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $19,924,522 · program services $19,924,522

• 2 · Grants to domestic individuals

  total $6,028,809 · program services $6,028,809

• 3 · Grants to foreign organizations and individuals

  total $1,564,224 · program services $1,564,224

• 5 · Compensation of officers, directors and key employees

  total $490,836 · program services $271,946 · management and general $175,112 · fundraising $43,778

• 7 · Other salaries and wages

  total $91,300,086 · program services $79,534,986 · management and general $9,390,244 · fundraising $2,374,856

• 8 · Pension plan contributions

  total $6,555,546 · program services $5,703,219 · management and general $679,485 · fundraising $172,842

• 9 · Other employee benefits

  total $9,404,864 · program services $8,182,079 · management and general $974,818 · fundraising $247,967

• 10 · Payroll taxes

  total $9,084,171 · program services $7,903,082 · management and general $941,578 · fundraising $239,511

• 11b · Fees: legal

  total $589,797 · program services $70,776 · management and general $519,021

• 11c · Fees: accounting

  total $245,905 · management and general $245,905

• 11d · Fees: lobbying

  total $121,329 · management and general $121,329

• 11e · Fees: professional fundraising services

  total $403,535 · fundraising $403,535

• 11f · Fees: investment management

  total $27,933 · management and general $27,933

• 11g · Fees: other

  total $14,111,252 · program services $10,445,166 · management and general $2,881,012 · fundraising $785,074

• 13 · Office expenses

  total $2,623,608 · program services $1,820,524 · management and general $534,680 · fundraising $268,404

• 16 · Occupancy

  total $1,242,309 · program services $1,108,326 · management and general $133,983

• 17 · Travel

  total $3,921,786 · program services $3,388,712 · management and general $510,221 · fundraising $22,853

• 19 · Conferences, conventions and meetings

  total $4,203,711 · program services $3,487,761 · management and general $609,203 · fundraising $106,747

• 20 · Interest

  total $1,449,794 · management and general $1,449,794

• 22 · Depreciation, depletion and amortization

  total $4,520,941 · program services $4,520,941

• 23 · Insurance

  total $498,951 · program services $107,034 · management and general $211,645 · fundraising $180,272

• 24a · Other expenses: SUBCONTRACTS

  total $6,593,995 · program services $6,587,805 · management and general $6,190

• 24b · Other expenses: BROADCASTING EXPENSE

  total $4,114,052 · program services $1,132,453 · management and general $2,975,749 · fundraising $5,850

• 24c · Other expenses: OPERATING EXPENSE

  total $3,395,988 · program services $2,906,518 · management and general $296,101 · fundraising $193,369

• 24d · Other expenses: TRAINING COSTS

  total $2,876,550 · program services $2,757,121 · management and general $119,429

• 24e · All other expenses

  total $6,706,878 · program services $5,677,488 · management and general $499,979 · fundraising $529,411

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,554,972 · end of year $2,425

• 2 · Savings and temporary cash investments

  beginning of year $10,296,790 · end of year $11,092,824

• 3 · Pledges and grants receivable

  beginning of year $30,205,210 · end of year $32,433,653

• 4 · Accounts receivable

  beginning of year $5,130,843 · end of year $4,982,127

• 7 · Other notes and loans receivable

  beginning of year $7,153,992 · end of year $6,316,793

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,544,450 · end of year $1,618,169

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

  $146,228,701

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

  $78,287,817

• 10c · Land, buildings and equipment, net

  beginning of year $68,330,715 · end of year $67,940,884

• 11 · Investments: publicly traded securities

  beginning of year $84,784,883 · end of year $93,624,172

• 15 · Other assets

  beginning of year $30,259,829 · end of year $65,307,272

• 17 · Accounts payable and accrued expenses

  beginning of year $17,245,278 · end of year $18,375,788

• 19 · Deferred revenue

  beginning of year $32,018,676 · end of year $32,883,237

• 20 · Tax-exempt bond liabilities

  beginning of year $660,000 · end of year $260,000

• 23 · Secured mortgages and notes payable

  beginning of year $43,125,463 · end of year $40,742,277

• 25 · Other liabilities

  beginning of year $37,507,435 · end of year $71,497,131

• 29 · Capital stock, trust principal or current funds

  beginning of year $82,199,436 · end of year $82,613,089

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

  beginning of year $20,818,483 · end of year $29,757,895

• 31 · Retained earnings, endowment or other funds

  beginning of year $6,686,913 · end of year $7,188,902

The filer's explanations (Part III)

PART I, LINE 3:

UPON HIRE, THE COMPENSATION OF THE CEO IS APPROVED BY THE SDSU RESEARCH FOUNDATION (SDSURF) BOARD OF DIRECTORS. ANNUALLY, IF CALIFORNIA STATE UNIVERSITY (CSU) PROVIDES A COST OF LIVING/MERIT INCREASE TO ALL ADMINISTRATIVE TYPE OF EMPLOYEES, THEN THE CEO OF SDSURF WOULD BE GIVEN A SIMILAR INCREASE. THESE INCREASES ARE PROVIDED TO ALL EMPLOYEES OF SDSURF, AS SDSURF IS REQUIRED TO PROVIDE SIMILAR PAY AND BENEFITS TO THE CSU IN COMPLIANCE WITH THE EDUCATION CODE.

PART I, LINE 7:

UNIVERSITY COACHES RECEIVED ADDITIONAL COMPENSATION FOR ACHIEVING TEAM ATHLETIC AND SCHOLASTIC MILESTONES.

PART II:

THE FOUNDATION, IN SUPPORT OF SDSU, PAYS COMPENSATION TO CERTAIN INDIVIDUALS, LISTED ON PART VII AND SCHEDULE J, TO ALLOW SDSU TO ATTRACT AND RETAIN THE BEST TALENT POSSIBLE IN ORDER TO EXECUTE ON ITS EDUCATIONAL MISSION. THESE INDIVIDUALS PROVIDE, LITTLE OR NO DIRECT SERVICES TO THE FOUNDATION AND THE AMOUNTS ARE PAID ONLY IN FURTHERANCE OF THE FOUNDATIONS MISSION TO SUPPORT SDSU.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUST (1)

  T · TRUST · CA · controlled entity

  Directly controlled by SDSU RESEARCH FOUNDATION