Skip to content
Nonprofiteer
← SAN FRANCISCO STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by SAN FRANCISCO STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$12,004,405
Total expenses
$14,130,844
Contributions and grants received
$3,442,323
Grants paid
$9,694,102
Program service revenue
$1,824,647
Investment income
$6,737,161
Other revenue
$274
Total assets, end of year
$165,850,476
Total liabilities, end of year
$112,205
Net assets or fund balances, end of year
$165,738,271
Program services expenses (Part IX)
$12,782,086
Management and general expenses
$1,348,758
Fundraising expenses
$0
Program service expenses (Part III)
$12,782,086

Program services were 90.5% 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

    $346,365

  • 1f · All other contributions, gifts and grants

    $3,095,958

  • 1g · Noncash contributions included above

    $27,899

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $1,824,647 · related or exempt $1,824,647

  • 3 · Investment income

    total $991,320 · unrelated business $180,279 · excluded $811,041

  • 7a · Gross sales of assets other than inventory

    securities $128,526,834

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

    securities $122,780,993

  • 7c · Gain or loss

    securities $5,745,841

  • 7d · Net gain or loss

    total $5,745,841 · unrelated business $34,744 · excluded $5,711,097

  • 11a · Other revenue: OTHER REVENUE

    total $274 · excluded $274

  • 11e · Other revenue, total

    $274

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,694,102 · program services $9,694,102

  • 7 · Other salaries and wages

    total $391,155 · management and general $391,155

  • 9 · Other employee benefits

    total $192,658 · management and general $192,658

  • 11b · Fees: legal

    total $36,941 · management and general $36,941

  • 11c · Fees: accounting

    total $385,314 · management and general $385,314

  • 11f · Fees: investment management

    total $1,263,337 · program services $1,263,337

  • 11g · Fees: other

    total $140,381 · management and general $140,381

  • 13 · Office expenses

    total $10,318 · management and general $10,318

  • 17 · Travel

    total $7,628 · management and general $7,628

  • 19 · Conferences, conventions and meetings

    total $101,510 · management and general $101,510

  • 23 · Insurance

    total $6,540 · management and general $6,540

  • 24a · Other expenses: ADMIN FEE

    total $1,824,647 · program services $1,824,647

  • 24b · Other expenses: OTHER EXPENSE

    total $43,141 · management and general $43,141

  • 24c · Other expenses: HOSPITALITY

    total $33,172 · management and general $33,172

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $754,970 · end of year $170,633

  • 2 · Savings and temporary cash investments

    beginning of year $849,870 · end of year $4,542,893

  • 3 · Pledges and grants receivable

    beginning of year $48,356

  • 4 · Accounts receivable

    beginning of year $28,045 · end of year $9,200,014

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,595 · end of year $52,580

  • 11 · Investments: publicly traded securities

    beginning of year $21,182,939 · end of year $23,317,501

  • 12 · Investments: other securities

    beginning of year $137,409,863 · end of year $128,566,855

  • 17 · Accounts payable and accrued expenses

    beginning of year $50

  • 19 · Deferred revenue

    beginning of year $48,356

  • 25 · Other liabilities

    beginning of year $166,038 · end of year $112,205

  • 27 · Net assets without donor restrictions

    beginning of year $7,296,126 · end of year $8,264,932

  • 28 · Net assets with donor restrictions

    beginning of year $152,821,068 · end of year $157,473,339

Mission and programs · 2022

Mission

THE FOUNDATION IS FORMED FOR THE FOLLOWING SPECIFIC PURPOSES: (A) TO DEVELOP AND INCREASE THE FACILITIES OF SAN FRANCISCO STATE UNIVERSITY ("SFSU") FOR BROADER EDUCATIONAL OPPORTUNITIES AND SERVICE TO STUDENTS, ALUMNI, AND THE CITIZENS OF THE STATE OF CALIFORNIA BY ENCOURAGING GIFTS TO SFSU OF MONEY, PROPERTY, WORKS OF ART, HISTORICAL PAPERS AND DOCUMENTS, MUSEUM SPECIMENS OF EDUCATIONAL, ARTISTIC OR HISTORICAL VALUE AND ANY OTHER ASSETS OF VALUE OF ANY DESCRIPTION; (B) TO PROVIDE FUNDING FOR SCIENTIFIC, ECONOMIC, AND OTHER TYPES OF RESEARCH AT SF STATE; (C) TO PROVIDE FUNDING FOR THE ESTABLISHMENT OF SCHOLARSHIPS AND OTHER STUDENT ASSISTANCE PROGRAMS TO SFSU FROM SOURCES OTHER THAN THOSE FROM WHICH THE STATE OF CALIFORNIA ORDINARILY MAKES APPROPRIATIONS TO SFSU; AND (D) TO PROVIDE ADVISORY COUNCIL AND ASSISTANCE TO THE PRESIDENT OF SFSU.

Activities or mission (Part I)

TO PROVIDE PRIVATE FINANCIAL SUPPORT TO ASSIST THE UNIVERSITY IN MEETING ITS EDUCATIONAL MISSION.

  • THE FOUNDATION'S MAIN PROGRAM IS MANAGING ENDOWMENTS FOR SFSU. THE FOUNDATION MANAGES OVER $150,000,000 IN ENDOWMENTS. A FEW OF THE ENDOWMENTS:G&J MARCUS AWARDS FUND FOR EXCELLENCE IN FACULTY AND STUDENT RESEARCH , THIS ENDOWMENT PROVIDED $281,000 FINANCIAL SUPPORT FOR STUDENTS AND FACULTY RESEARCH AND CREATIVE PROJECTS. MARCUS ENDOWED CHAIR IN CINEMA#2, THIS ENDOWMENT PROVIDES SUPPORT FOR A SECOND ENDOWED CHAIR IN CINEMA AND PROVIDES RESOURCES FOR SCHOLARLY ENDEAVORS. SUPPORT OF $161,000 WAS PROVIDED IN FY 22-23RICHARD AND RHODA GOLDMAN CHAIR ISRAEL STUDIES PROVIDED $144,000 IN FUNDING TO PROVIDE SALARY SUPPORT AND TRAVEL.THE FOUNDATION WAS ABLE TO MEET DONOR INTENT BY PROVIDING $5.8 MILLION IN SCHOLARSHIPS AND COLLEGE DEPARTMENT SUPPORT IN FY 2022-2023.

    Expenses $12,782,086 · Grants $9,694,102 · Revenue $1,824,647

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LYNN MAHONEY

    EX-OFFICIO (VOTING)

    Total calculated
    $590,239
    From this org
    $0
    From related orgs
    $472,970
    Other
    $117,269
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,970 related
    Bonus
    $0
    Other
    $0 + $72,000 related
    Deferred
    $0 + $92,336 related
    Nontaxable benefits
    $0 + $24,933 related
    Filer's total
    $0 + $590,239 related

  • AMY SUEYOSHI

    DIRECTOR

    Total calculated
    $341,896
    From this org
    $0
    From related orgs
    $253,733
    Other
    $88,163
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,733 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $77,872 related
    Nontaxable benefits
    $0 + $10,291 related
    Filer's total
    $0 + $341,896 related

  • JEFF WILSON

    EX-OFFICIO (VOTING)

    Total calculated
    $384,853
    From this org
    $0
    From related orgs
    $279,802
    Other
    $105,051
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,164 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $138 related
    Deferred
    $0 + $84,542 related
    Nontaxable benefits
    $0 + $20,509 related
    Filer's total
    $0 + $384,853 related

  • JEFF JACKANICZ

    BOARD PRESIDENT

    Total calculated
    $346,854
    From this org
    $0
    From related orgs
    $279,979
    Other
    $66,875
    Hours/week
    21 + 19 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,441 related
    Bonus
    $0
    Other
    $0 + $10,538 related
    Deferred
    $0 + $39,535 related
    Nontaxable benefits
    $0 + $27,340 related
    Filer's total
    $0 + $346,854 related

  • KIMBERLY BRANDON

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MARY HUSS

    BOARD VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • AMY CHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAMILLA SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CORAETTA SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANA CORVIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID LUCIEN SIMON

    DIRECTOR (THRU 01/23)

    Total calculated
    $0
    Hours/week
    1

  • DAVID SERRANO SEWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBRA PLOUSHA MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENNIS O'DONNELL

    DIRECTOR (THRU 12/22)

    Total calculated
    $0
    Hours/week
    1

  • DON ENDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DON NASSER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOTTIE SIMMONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG COSKO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HERB MYERS

    DIRECTOR (THRU 12/22)

    Total calculated
    $0
    Hours/week
    1

  • KARINA ZAMORA

    STUDENT DIRECTOR

    Total calculated
    $15,919
    From this org
    $0
    From related orgs
    $15,919
    Other
    $0
    Hours/week
    1 + 20 related

  • JOHN GUMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAYLOR SAFFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDY MARCUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEONA BRIDGES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARSHA ROSENBAUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHELDON GEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY FUDEM

    DIRECTOR (THRU 12/22)

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA SIGUENZA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUSS STANLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TED GRIGGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERI JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VINCE ANICETTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIE L BROWN JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GULSHAN KUMAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANA NEUMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NEDA NOBARI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • IESE ESERA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 21 related

  • VENESIA THOMPSON

    SECRETARY (NON-VOTING)

    Total calculated
    $250,865
    From this org
    $0
    From related orgs
    $172,129
    Other
    $78,736
    Hours/week
    19 + 21 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,991 related
    Bonus
    $0
    Other
    $0 + $138 related
    Deferred
    $0 + $53,460 related
    Nontaxable benefits
    $0 + $25,276 related
    Filer's total
    $0 + $250,865 related

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)

PART I, LINE 3
THE PRESIDENT OF SAN FRANCISCO STATE UNIVERSITY FOUNDATION IS COMPENSATED BY SAN FRANCISCO STATE UNIVERSITY ("SFSU"), A RELATED ORGANIZATION. SFSU UTILIZES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE SFSU FOUNDATION PRESIDENT: COMPENSATION SURVEY OR STUDY, CSU CLASSIFICATION SCHEDULE, FROM 990 OF OTHER ORGANIZATIONS, AND CSU BOARD OR COMMITTEE APPROVAL.

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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349315654

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.