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Nonprofiteer
← CALIFORNIA STATE UNIVERSITY SAN MARCOS FOUNDATION

Form 990 for tax year 2024

Filed by CALIFORNIA STATE UNIVERSITY SAN MARCOS FOUNDATION.

Totals

Total revenue
$12,443,352
Total expenses
$7,290,097
Contributions and grants received
$9,124,409
Grants paid
$2,441,301
Program service revenue
$458,561
Investment income
$2,948,994
Other revenue
-$88,612
Total assets, end of year
$71,955,543
Total liabilities, end of year
$678,797
Net assets or fund balances, end of year
$71,276,746
Program services expenses (Part IX)
$6,513,885
Management and general expenses
$776,212
Fundraising expenses
$0
Program service expenses (Part III)
$6,513,885

Program services were 89.4% 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.

  • 1c · Fundraising events

    $75,630

  • 1f · All other contributions, gifts and grants

    $9,048,779

  • 1g · Noncash contributions included above

    $415,382

  • 2a · Program service revenue: CAMPUS PROGRAMS

    total $458,561 · related or exempt $458,561

  • 3 · Investment income

    total $2,002,198 · excluded $2,002,198

  • 7a · Gross sales of assets other than inventory

    securities $3,776,004

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

    securities $2,829,208

  • 7c · Gain or loss

    securities $946,796

  • 7d · Net gain or loss

    total $946,796 · excluded $946,796

  • 8a · Fundraising events: gross income

    $24,770

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

    $75,630

  • 8b · Fundraising events: direct expenses

    $113,382

  • 8c · Net income from fundraising events

    total -$88,612 · excluded -$88,612

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,340,916 · program services $2,340,916

  • 2 · Grants to domestic individuals

    total $100,385 · program services $100,385

  • 7 · Other salaries and wages

    total $1,553,268 · program services $1,513,568 · management and general $39,700

  • 9 · Other employee benefits

    total $332,119 · program services $331,652 · management and general $467

  • 11f · Fees: investment management

    total $284,146 · management and general $284,146

  • 11g · Fees: other

    total $728,633 · program services $322,760 · management and general $405,873

  • 14 · Information technology

    total $64,295 · program services $64,295

  • 17 · Travel

    total $140,853 · program services $140,853

  • 24a · Other expenses: OTHER EXPENSES

    total $531,488 · program services $520,611 · management and general $10,877 · fundraising $0

  • 24b · Other expenses: HOSPITALITY AND EVENTS

    total $521,986 · program services $501,092 · management and general $20,894 · fundraising $0

  • 24c · Other expenses: SUPPLIES & SERVICES

    total $487,572 · program services $486,072 · management and general $1,500 · fundraising $0

  • 24d · Other expenses: LIBRARY ACQUISITIONS

    total $102,845 · program services $102,845 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $101,591 · program services $88,836 · management and general $12,755

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $485,791 · end of year $721,150

  • 2 · Savings and temporary cash investments

    beginning of year $432,771 · end of year $453,462

  • 3 · Pledges and grants receivable

    beginning of year $11,374,695 · end of year $8,451,878

  • 4 · Accounts receivable

    beginning of year $51,273 · end of year $54,653

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,345 · end of year $15,765

  • 10c · Land, buildings and equipment, net

    beginning of year $480,000

  • 11 · Investments: publicly traded securities

    beginning of year $45,954,863 · end of year $56,697,026

  • 12 · Investments: other securities

    beginning of year $4,567,473 · end of year $5,497,400

  • 15 · Other assets

    beginning of year $43,035 · end of year $64,209

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,105 · end of year $214,694

  • 19 · Deferred revenue

    beginning of year $0 · end of year $2,078

  • 25 · Other liabilities

    beginning of year $607,917 · end of year $462,025

  • 27 · Net assets without donor restrictions

    beginning of year $17,381,817 · end of year $20,834,599

  • 28 · Net assets with donor restrictions

    beginning of year $45,252,407 · end of year $50,442,147

Mission and programs · 2024

Mission

THE CSUSM FOUNDATION SUPPORTS AND PROMOTES THE UNIVERSITY'S MISSION BY CULTIVATING AND MAXIMIZING PRIVATE CHARITABLE INVESTMENT, STEWARDING RESOURCES CAREFULLY, CREATING AND NURTURING MEANINGFUL REGIONAL RELATIONSHIPS AND PARTNERSHIPS, ENGAGING THE UNIVERSITY'S COMMUNITIES, ADVOCATING ON BEHALF OF THE UNIVERSITY, AND BUILDING AND SUSTAINING A CULTURE OF PHILANTHROPY.

Activities or mission (Part I)

PROVIDE SUPPORT FOR CALIFORNIA STATE UNIVERSITY SAN MARCOS IN FULFILLING ITS MISSION.

  • RECEIPTS OF GIFTS AND DONATIONS FOR VARIOUS CAMPUS PROGRAM ACTIVITIES INCLUDING NON-ENDOWED SCHOLARSHIPS, THE ACE FOSTER YOUTH SCHOLARSHIP PROGRAM, THE KAISER FOUNDATION NURSING STUDENT LOAN PROGRAM, THE SPICER STUDENT LOAN PROGRAM, SUPPORT FOR THE CAMPUS VETERANS CENTER, AND SUPPORT FOR THE CALIFORNIA INDIAN CULTURE AND SOVEREIGNTY CENTER.

    Expenses $4,895,390 · Grants $822,806 · Revenue $458,561

  • RECEIPT OF ENDOWMENT AND SCHOLARSHIP GIFTS. THE ENDOWMENTS ARE INVESTED AND THE EARNINGS ARE USED TO PROVIDE STUDENT SCHOLARSHIPS.

    Expenses $1,618,495 · Grants $1,618,495

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

Listed in Part VII

  • SIMON KUO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • EMILIE HERSH

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELLEN NEUFELDT

    PRESIDENT

    Total calculated
    $582,278
    From this org
    $0
    From related orgs
    $521,159
    Other
    $61,119
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $521,159 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $48,463 related
    Nontaxable benefits
    $0 + $12,656 related
    Filer's total
    $0 + $582,278 related

  • LEON WYDEN JR

    TREASURER AND SECRETARY

    Total calculated
    $388,834
    From this org
    $0
    From related orgs
    $309,830
    Other
    $79,004
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,830 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $48,316 related
    Nontaxable benefits
    $0 + $30,688 related
    Filer's total
    $0 + $388,834 related

  • JESSICA BERGER

    EXECUTIVE DIRECTOR

    Total calculated
    $373,089
    From this org
    $0
    From related orgs
    $301,309
    Other
    $71,780
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,309 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $47,837 related
    Nontaxable benefits
    $0 + $23,943 related
    Filer's total
    $0 + $373,089 related

  • DAMIAN MCKINNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAYLOR SUTHERLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN EPSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN PERRON

    DIRECTOR

    Total calculated
    $207,300
    From this org
    $0
    From related orgs
    $143,413
    Other
    $63,887
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,413 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,258 related
    Nontaxable benefits
    $0 + $30,629 related
    Filer's total
    $0 + $207,300 related

  • KARINA RAMIREZ GONZALEZ

    DIRECTOR

    Total calculated
    $6,536
    From this org
    $0
    From related orgs
    $6,536
    Other
    $0
    Hours/week
    1 + 40 related

  • ITSARELY PALMA CASTILLO

    DIRECTOR

    Total calculated
    $11,213
    From this org
    $0
    From related orgs
    $11,213
    Other
    $0
    Hours/week
    1 + 20 related

  • ALISHA WILKINS FRANKLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ESTHER PHAHLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOMMY FRIEDRICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHING-MING CHENG

    DIRECTOR

    Total calculated
    $169,333
    From this org
    $0
    From related orgs
    $113,539
    Other
    $55,794
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $113,539 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,412 related
    Nontaxable benefits
    $0 + $33,382 related
    Filer's total
    $0 + $169,333 related

  • JULIAN PARRA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • INGO HENTSCHEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN CRELLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATHANIEL KEIFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KYLE CASEMENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LOU MONVILLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARLEEN KREIDER

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    1 + 20 related

  • JASON SIMMONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANNIE NORVIEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE CLARK

    DEFACTO OFFICER, EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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 CALIFORNIA STATE UNIVERSITY SAN MARCOS FOUNDATION DOES NOT COMPENSATE ANY EMPLOYEES. THE OFFICERS LISTED ON SCHEDULE J ARE EMPLOYEES OF THE RELATED ORGANIZATION, CALIFORNIA STATE UNIVERSITY SAN MARCOS. THE RELATED ORGANIZATION HAS POLICIES IN PLACE WHICH ARE USED TO DETERMINE COMPENSATION. THROUGH THE RELATED ORGANIZATION'S EXECUTIVE COMPENSATION COMMITTEE - WHICH IS COMPRISED OF THE UNIVERSITY PRESIDENT WHO SERVES AS AN EX-OFFICIO MEMBER OF THE BOARD -COMPENSATION FOR THE ORGANIZATION'S OFFICERS IS REVIEWED ON AN ANNUAL BASIS. THE REVIEW OF CURRENT SALARY LEVELS FOR EACH EXECUTIVE EMPLOYEE IS PERFORMED BY ANALYZING EXECUTIVE COMPENSATION OF OTHER SIMILAR AUXILIARY ORGANIZATIONS WITHIN THE CALIFORNIA STATE UNIVERSITY SYSTEM, AS WELL AS SURVEYS OF OTHER NON-PROFIT CHARITABLE ORGANIZATIONS OF SIMILAR ASSET SIZE AND FUNCTIONS. THE EXECUTIVE COMPENSATION COMMITTEE THEN RECOMMENDS THE APPROPRIATE SALARY LEVELS TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR 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
2024
Filed
23 February 2026
IRS schema version
2024v5.5
Source object
202600619349301485

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

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