Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,909,660

• 1g · Noncash contributions included above

  $2,141

• 2a · Program service revenue: MEETING REGISTRATIONS

  total $50,025 · related or exempt $50,025

• 3 · Investment income

  total $724,529 · unrelated business -$6,223 · excluded $730,752

• 7a · Gross sales of assets other than inventory

  securities $19,299,637

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

  securities $18,041,578

• 7c · Gain or loss

  securities $1,258,059

• 7d · Net gain or loss

  total $1,258,059 · excluded $1,258,059

• 11a · Other revenue: ADMINISTRATIVE FEES

  total $19,973 · related or exempt $19,973

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $8 · excluded $8

• 11e · Other revenue, total

  $19,981

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,773,923 · program services $1,773,923

• 2 · Grants to domestic individuals

  total $2,310,185 · program services $2,310,185

• 11c · Fees: accounting

  total $47,325 · management and general $47,325

• 11d · Fees: lobbying

  total $8,900 · program services $8,900

• 11f · Fees: investment management

  total $47,022 · management and general $47,022

• 11g · Fees: other

  total $28,466 · program services $28,466

• 12 · Advertising and promotion

  total $4,107 · program services $4,107

• 13 · Office expenses

  total $29,801 · program services $29,801

• 17 · Travel

  total $34,685 · program services $34,685

• 19 · Conferences, conventions and meetings

  total $434,386 · program services $430,916 · management and general $3,470

• 23 · Insurance

  total $9,952 · management and general $9,952

• 24a · Other expenses: FUNDRAISING

  total $40,263 · fundraising $40,263

• 24b · Other expenses: OVERHEAD

  total $3,400 · management and general $3,400

• 24e · All other expenses

  total $88,409 · program services $48,289 · management and general $40,120

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,458,077 · end of year $1,932,018

• 3 · Pledges and grants receivable

  beginning of year $1,616,000 · end of year $488,300

• 4 · Accounts receivable

  beginning of year $36,530 · end of year $68

• 9 · Prepaid expenses and deferred charges

  beginning of year $17,351 · end of year $21,519

• 11 · Investments: publicly traded securities

  beginning of year $29,931,611 · end of year $30,603,775

• 12 · Investments: other securities

  beginning of year $12,829,883 · end of year $15,286,144

• 15 · Other assets

  beginning of year $8,865,674 · end of year $9,686,929

• 17 · Accounts payable and accrued expenses

  beginning of year $47,398 · end of year $8,455

• 25 · Other liabilities

  beginning of year $9,042,968 · end of year $9,864,499

• 27 · Net assets without donor restrictions

  beginning of year $7,526,201 · end of year $8,413,995

• 28 · Net assets with donor restrictions

  beginning of year $38,138,559 · end of year $39,731,804

The filer's explanations (Part III)

PART I, LINE 1A

AT THE CHANCELLOR'S DISCRETION, EXECUTIVE STAFF MAY BE REIMBURSED FOR SPOUSAL TRAVEL EXPENDITURES WHEN THE SPOUSE PERFORMS OFFICIAL CSU DUTIES AND THE SPOUSE IS REGISTERED AS A CSU VOLUNTEER. IN ADDITION, AT ITS MEETING ON NOVEMBER 13-14, 2018, THE CSU BOARD OF TRUSTEES PASSED A RESOLUTION STATING: "THE CHANCELLOR SHALL RECEIVE A $7,917 MONTHLY HOUSING ALLOWANCE OF NON-STATE FUNDS TO SUPPLEMENT THE COST OF A RESIDENCE. THESE FUNDS ARE TO BE PAID BY THE FOUNDATION ENDOWMENT CREATED THROUGH AN ORIGINAL DONOR GIFT TO SUPPORT THE HOUSING AND HOSPITALITY-RELATED FUNCTIONS FOR THE CHANCELLOR OF THE CALIFORNIA STATE UNIVERSITY AND SUPPLEMENTED BY THE PROCEEDS OF THE SALE OF THE STATE UNIVERSITY HOUSE LOCATED IN LONG BEACH."

PART I, LINE 1B

THE CSU FOUNDATION ABIDES BY RESTRICTIONS OUTLINED IN THE CSU HOSPITALITY POLICY, WHICH REQUIRES THAT THERE BE SUBSTANTIATION BEFORE EXPENSES OF AN INSIDER ARE REIMBURSED.

PART I, LINE 3

THE ORGANIZATION'S COMPENSATION POLICY HTTPS://CALSTATE.POLICYSTAT.COM/POLICY/16051928/LATEST/ I. SCOPE OF POLICY THIS POLICY GOVERNS COMPENSATION FOR ALL CALIFORNIA STATE UNIVERSITY (CSU) EMPLOYEES. II. GUIDING PRINCIPLES IN A MANNER THAT IS FAIR, REASONABLE, COMPETITIVE, AND FISCALLY PRUDENT IN THIS POLICY GOVERNS COMPENSATION FOR ALL CALIFORNIA STATE UNIVERSITY (CSU) IT IS THE INTENT OF THE BOARD OF TRUSTEES TO COMPENSATE ALL CSU EMPLOYEES RESPECT TO SYSTEM BUDGET AND STATE FUNDING. THE GOAL OF THE CSU CONTINUES TO BE TO ATTRACT, MOTIVATE, AND RETAIN THE MOST HIGHLY QUALIFIED INDIVIDUALS TO SERVE AS FACULTY, STAFF, AND EXECUTIVES, WHOSE KNOWLEDGE, EXPERIENCE, AND CONTRIBUTIONS CAN ADVANCE THE UNIVERSITY'S MISSION. THE CSU ADHERES TO TOTAL COMPENSATION PRACTICES THAT ARE FAIR AND EQUITABLE IN DESIGN, APPLICATION, AND DELIVERY. TOTAL COMPENSATION INCLUDES SALARY AS WELL AS BENEFITS, SUCH AS HEALTH AND WELFARE BENEFITS INCLUDING RETIREMENT, PAID TIME OFF, SABBATICALS, EDUCATIONAL FEE WAIVERS, VACATION AND SICK LEAVE ACCRUAL, OR ANY OTHER BENEFITS OR PERQUISITES PROVIDED TO CSU EMPLOYEES. III. COMPENSATION A: ALL EMPLOYEE COMPENSATION THE CSU EVALUATES COMPETITIVE AND FAIR COMPENSATION FOR ALL EMPLOYEES BASED ON PERIODIC MARKET COMPARISON SURVEYS AND THE DEPTH OF SKILL AND EXPERIENCE OF AN INDIVIDUAL EMPLOYEE. THE COMPENSATION SYSTEM FOR THE CSU SHALL (A) BE ADMINISTERED IN A MANNER THAT COMPLIES WITH ALL APPLICABLE FEDERAL, STATE, AND LOCAL REGULATIONS AND LAWS, AND (B) BE CONSISTENT WITH APPLICABLE ADMINISTRATIVE POLICIES, RULES AND COLLECTIVE BARGAINING AGREEMENTS. B: EXECUTIVE COMPENSATION: THE CSU WILL MAINTAIN AND PERIODICALLY UPDATE A TIERED LIST OF CSU COMPARISON INSTITUTIONS FOR EXECUTIVE EMPLOYEE GROUPS. THE LIST MAY TAKE INTO ACCOUNT GEOGRAPHIC LOCATION, ENROLLMENT, PERCENT OF PELL ELIGIBLE STUDENTS, BUDGET, RESEARCH FUNDING, AND SUCH OTHER VARIABLES AS DEEMED APPROPRIATE. EXECUTIVE COMPENSATION WILL BE GUIDED WITH REFERENCE TO THE MEAN AND/OR MEDIAN OF THE APPROPRIATE COMPARISON INSTITUTIONS, TOGETHER WITH AN INDIVIDUAL'S REPUTATION, AND LENGTH, DEPTH AND EFFECTIVENESS OF APPLICABLE EXPERIENCE, AND OTHER MERITORIOUS ACHIEVEMENT AND CONTRIBUTIONS TO THE SUCCESS OF THE CSU. 1 - PRESIDENTIAL COMPENSATION: SALARY AT APPOINTMENT: WHEN A PRESIDENTIAL VACANCY OCCURS, THE SUCCESSOR PRESIDENT'S SALARY SHOULD NOT (ABSENT EXTENUATING CIRCUMSTANCES) EXCEED THE INCUMBENT'S SALARY BY MORE THAN 10 PERCENT. ANY AMOUNT IN EXCESS OF THE INCUMBENT'S SALARY SHALL BE BASED UPON CRITERIA SUCH AS EXTRAORDINARY CIRCUMSTANCES, KNOWLEDGE AND/OR EXPERIENCE OR ABILITY TO CONTRIBUTE TO AND ADVANCE THE UNIVERSITY'S MISSION, AND MARKET CONDITIONS. A PRESIDENT'S SALARY MAY ONLY BE FUNDED WITH STATE FUNDS. THE CHANCELLOR SHALL HAVE AUTHORITY TO NEGOTIATE RECOMMENDED STARTING SALARIES FOR PRESIDENTS. THE CHANCELLOR SHALL PRESENT THE RECOMMENDED SALARY TO THE BOARD OF TRUSTEES FOR APPROVAL. PERIODIC PRESIDENTIAL SALARY ASSESSMENT: ON AN ANNUAL BASIS, AND AS A GENERAL RULE AT THE JULY MEETING OF THE BOARD OF TRUSTEES, THE BOARD SHALL BE PRESENTED WITH A SALARY ASSESSMENT OF ALL PRESIDENTS WHO HAVE RECEIVED A TRIENNIAL REVIEW IN ACCORDANCE WITH THE BOARD OF TRUSTEES POLICIES AND PROCEDURES FOR REVIEW OF PRESIDENTS DURING THE PREVIOUS FISCAL YEAR. THE BOARD SHALL DETERMINE WHETHER AN INCREASE TO A PRESIDENT'S SALARY IS WARRANTED BASED ON CSU'S OPERATIVE MARKET DATA (WHICH SHOULD BE REVIEWED EVERY FIVE YEARS), AND IF SO, THE AMOUNT OF ANY SUCH ADJUSTMENT. FOLLOWING THE INITIAL SALARY ASSESSMENT, THE PRESIDENT'S SALARY SHALL BE REASSESSED ONCE A YEAR AGAINST OPERATIVE MARKET DATA FOR THE NEXT TWO YEARS, AND IF THE PRESIDENT'S ANNUAL SALARY CONTINUES TO BE BELOW THE PEER GROUP MEDIAN, A RECOMMENDED INCREASE SHALL BE PRESENTED TO THE BOARD EACH JULY. THE GOAL OF THE SALARY ASSESSMENT PROCESS IS TO INCREMENTALLY BRING EACH PRESIDENT INTO ALIGNMENT WITH THE PEER GROUP MEDIAN. THE FIRST YEAR, PRESIDENTIAL SALARIES MAY BE ADJUSTED UP TO THE PEER GROUP MEDIAN BY AN AMOUNT NOT TO EXCEED 10 PERCENT. THE SECOND AND THIRD YEAR ADJUSTMENTS SHALL BE MADE IN ACCORDANCE WITH THE FOLLOWING MATRIX: AMOUNT TO REACH PEER GROUP MEDIAN - INCREASE 0% TO 5% - 0% 5.01% TO 10% - 2% 10.01% TO 15% - 4% 15.01% TO 25% - 7% 25.01% TO 35% - 10% AS A CONDITION OF RECEIVING A MARKET-BASED SALARY INCREASE, THE PRESIDENT MUST HAVE BEEN IN THEIR POSITION FOR THREE YEARS AND MUST HAVE RECEIVED A SATISFACTORY EVALUATION DURING THEIR TRIENNIAL REVIEW. MARKET-BASED SALARY INCREASES APPROVED BY THE BOARD IN ACCORDANCE WITH THIS POLICY WILL BE EFFECTIVE JULY 1ST OF THE APPROVAL YEAR. COMPENSATION ACTIONS ARE SUBJECT TO AVAILABILITY OF FUNDS AND CURRENT BUDGET CONDITIONS. OTHER SALARY INCREASE PROGRAMS: A SALARY ADJUSTMENT DURING TRIENNIAL PERFORMANCE REVIEWS DOES NOT PROHIBIT THE INCUMBENT FROM BEING ELIGIBLE FOR THE ANNUAL MERIT INCREASE PROGRAM AS PROVIDED TO OTHER NON-REPRESENTED EMPLOYEES. 2 - INDIVIDUAL SALARY INCREASES: THE BOARD ALSO RETAINS THE RIGHT, IN ITS DISCRETION, TO MAKE OTHER SALARY ADJUSTMENTS AS NECESSARY AT OTHER TIMES FOR AN EXECUTIVE WHEN A SIGNIFICANT EQUITY OR RETENTION ISSUE IS IDENTIFIED. THE CHANCELLOR SHALL RECOMMEND ALL EXECUTIVE SALARY ADJUSTMENTS TO THE BOARD OF TRUSTEES FOR APPROVAL IN OPEN SESSION OF A BOARD MEETING. IV. AUTHORITY THIS POLICY IS ISSUED PURSUANT TO RUFP 05-24-07 AND SECTION II OF THE STANDING ORDERS OF THE BOARD OF TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY AS FURTHER DELEGATED BY THE STANDING DELEGATIONS OF ADMINISTRATIVE AUTHORITY.

PART I, LINE 4B

CHANCELLOR MILDRED GARCIA PARTICIPATES IN A SECTION 457(F) NONQUALIFIED SUPPLEMENTAL DEFERRED COMPENSATION ARRANGEMENT AUTHORIZED AND FUNDED BY THE CALIFORNIA STATE UNIVERSITY BOARD OF TRUSTEES, WHEREBY THEY SHALL RECEIVE ANNUAL DEFERRED COMPENSATION OF $80,000. THIS BENEFIT IS PROVIDED AND ADMINISTERED BY THE CALIFORNIA STATE UNIVERSITY, A RELATED ORGANIZATION. THE CSU FOUNDATION DOES NOT PROVIDE OR FUND THIS BENEFIT.

PART II:

ALL INDIVIDUALS LISTED IN PART II RECEIVE COMPENSATION FROM THE CALIFORNIA STATE UNIVERSITY, A RELATED ORGANIZATION.

Related corporations and trusts

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

• CHARITABLE REMAINDER UNITRUSTS

  T · TRUST · CA

  Directly controlled by CA STATE UNIVERSITY FOUNDATION