Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $3,172

• 1c · Fundraising events

  $303,950

• 1f · All other contributions, gifts and grants

  $4,436,429

• 1g · Noncash contributions included above

  $73,475

• 2a · Program service revenue: OTHER PROGRAM REVENUE

  total $2,509,511 · related or exempt $2,509,511

• 3 · Investment income

  total $976,406 · excluded $976,406

• 6a · Gross rents

  real property $19,525

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $19,525

• 6d · Net rental income or loss

  total $19,525 · excluded $19,525

• 7a · Gross sales of assets other than inventory

  securities $20,581,305

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

  securities $22,495,495 · other assets $9,500

• 7c · Gain or loss

  securities -$1,914,190 · other assets -$9,500

• 7d · Net gain or loss

  total -$1,923,690 · excluded -$1,923,690

• 8a · Fundraising events: gross income

  $101,556

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

  $303,950

• 8b · Fundraising events: direct expenses

  $275,758

• 8c · Net income from fundraising events

  total -$174,202 · excluded -$174,202

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,022,762 · program services $2,022,762

• 2 · Grants to domestic individuals

  total $1,342,660 · program services $1,342,660

• 7 · Other salaries and wages

  total $740,065 · program services $735,469 · fundraising $4,596

• 9 · Other employee benefits

  total $394,627 · program services $133,271 · management and general $239,047 · fundraising $22,309

• 11b · Fees: legal

  total $16,479 · management and general $16,479

• 11c · Fees: accounting

  total $52,400 · management and general $52,400

• 11f · Fees: investment management

  total $150,466 · management and general $150,466

• 11g · Fees: other

  total $14,714 · program services $1,013 · management and general $7,013 · fundraising $6,688

• 12 · Advertising and promotion

  total $34,081 · program services $6,414 · management and general $11,391 · fundraising $16,276

• 13 · Office expenses

  total $282,398 · program services $144,671 · management and general $41,486 · fundraising $96,241

• 14 · Information technology

  total $220,823 · program services $55,470 · management and general $21,680 · fundraising $143,673

• 16 · Occupancy

  total $32,767 · program services $24,257 · management and general $7,558 · fundraising $952

• 17 · Travel

  total $516,688 · program services $482,172 · management and general $3,681 · fundraising $30,835

• 19 · Conferences, conventions and meetings

  total $85,512 · program services $34,824 · management and general $20,118 · fundraising $30,570

• 22 · Depreciation, depletion and amortization

  total $6,751 · program services $3,050 · management and general $3,701

• 23 · Insurance

  total $18,621 · program services $7,796 · management and general $9,812 · fundraising $1,013

• 24a · Other expenses: SUPPLIES

  total $456,816 · program services $387,931 · management and general $34,176 · fundraising $34,709

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $123,605 · program services $91,228 · management and general $18,625 · fundraising $13,752

• 24c · Other expenses: BAD DEBTS

  total $70,436 · program services $0 · management and general $70,436 · fundraising $0

• 24d · Other expenses: FURNITURE & EQUIPMENT

  total $69,098 · program services $53,883 · management and general $15,215 · fundraising $0

• 24e · All other expenses

  total $131,463 · program services $128,240 · fundraising $3,223

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,180,051 · end of year $10,701,183

• 2 · Savings and temporary cash investments

  beginning of year $3,861,341 · end of year $3,992,253

• 3 · Pledges and grants receivable

  beginning of year $7,899,646 · end of year $5,569,080

• 4 · Accounts receivable

  beginning of year $162 · end of year $3,171

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $2,631

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

  $1,892,327

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

  $1,857,281

• 10c · Land, buildings and equipment, net

  beginning of year $41,798 · end of year $35,046

• 11 · Investments: publicly traded securities

  beginning of year $27,858,297 · end of year $29,834,760

• 12 · Investments: other securities

  beginning of year $5,909,254 · end of year $6,125,662

• 15 · Other assets

  beginning of year $176,137 · end of year $599,921

• 17 · Accounts payable and accrued expenses

  beginning of year $131,766 · end of year $194,698

• 19 · Deferred revenue

  beginning of year $80,814 · end of year $75,880

• 25 · Other liabilities

  beginning of year $1,960,048 · end of year $957,112

• 27 · Net assets without donor restrictions

  beginning of year $1,502,247 · end of year $2,637,593

• 28 · Net assets with donor restrictions

  beginning of year $51,251,811 · end of year $52,998,424

The filer's explanations (Part III)

PART I, LINE 1A

THE FOUNDATION PAYS FOR PRESIDENT ZELEZNY AND THOM DAVIS COUNTRY CLUB MEMBERSHIPS.

PART I, LINE 3

THE ORGANIZATION DOES NOT HAVE ANY PAID OFFICERS OR DIRECTORS. CALIFORNIA STATE UNIVERSITY, BAKERSFIELD A RELATED ORGANIZATION DOES COMPENSATE THE OFFICERS AND DIRECTORS AND HAS A FORMAL REVIEW POLICY.