Form 990 for tax year 2022
Filed by UNIVERSITY FOUNDATION AT SACRAMENTO STATE.
Totals
- Total revenue
- $15,437,193
- Total expenses
- $6,730,901
- Contributions and grants received
- $11,754,782
- Grants paid
- $3,155,660
- Program service revenue
- $807,450
- Investment income
- $2,883,549
- Other revenue
- -$8,588
- Total assets, end of year
- $109,503,816
- Total liabilities, end of year
- $546,316
- Net assets or fund balances, end of year
- $108,957,500
- Program services expenses (Part IX)
- $5,983,882
- Management and general expenses
- $578,075
- Fundraising expenses
- $168,944
- Program service expenses (Part III)
- $5,983,882
Program services were 88.9% 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
$102,670
-
1e · Government grants (contributions)
$1,500,000
-
1f · All other contributions, gifts and grants
$10,152,112
-
1g · Noncash contributions included above
$147,897
-
2a · Program service revenue: UNIVERSITY PROGRAMS
total $807,450 · related or exempt $807,450
-
3 · Investment income
total $2,476,073 · excluded $2,476,073
-
7a · Gross sales of assets other than inventory
securities $15,141,726
-
7b · Less cost or other basis and sales expenses
securities $14,734,250
-
7c · Gain or loss
securities $407,476
-
7d · Net gain or loss
total $407,476 · excluded $407,476
-
8a · Fundraising events: gross income
$75,165
-
8a · Fundraising events: contributions included on line 1c
$102,670
-
8b · Fundraising events: direct expenses
$83,753
-
8c · Net income from fundraising events
total -$8,588 · excluded -$8,588
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,729,889 · program services $2,729,889
-
2 · Grants to domestic individuals
total $425,771 · program services $425,771
-
11b · Fees: legal
total $3,713 · management and general $3,713
-
11c · Fees: accounting
total $273,236 · management and general $273,236
-
11e · Fees: professional fundraising services
total $149,113 · fundraising $149,113
-
11f · Fees: investment management
total $222,525 · program services $222,525
-
12 · Advertising and promotion
total $10,639 · program services $10,639
-
13 · Office expenses
total $92,389 · program services $19,807 · management and general $72,582
-
14 · Information technology
total $196,327 · program services $68,811 · management and general $127,516
-
17 · Travel
total $265,157 · program services $255,256 · management and general $9,901
-
19 · Conferences, conventions and meetings
total $385,446 · program services $358,626 · management and general $26,820
-
21 · Payments to affiliates
total $867,174 · program services $867,174
-
23 · Insurance
total $12,196 · program services $3,464 · management and general $8,732
-
24a · Other expenses: UNIVERSITY PROJECTS
total $1,062,573 · program services $992,838 · management and general $49,904 · fundraising $19,831
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $30,585 · program services $24,914 · management and general $5,671
-
24c · Other expenses: MISC. EXPENSE
total $4,168 · program services $4,168
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,887,439 · end of year $3,442,750
-
2 · Savings and temporary cash investments
beginning of year $5,103,943 · end of year $5,107,991
-
4 · Accounts receivable
beginning of year $52,000 · end of year $60,139
-
11 · Investments: publicly traded securities
beginning of year $84,247,320 · end of year $100,669,716
-
15 · Other assets
beginning of year $173,068 · end of year $223,220
-
17 · Accounts payable and accrued expenses
beginning of year $473,023 · end of year $546,316
-
29 · Capital stock, trust principal or current funds
beginning of year $1,276,170 · end of year $1,683,544
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $91,714,577 · end of year $107,273,956
Mission and programs · 2022
Mission
HELPING TO RAISE PRIVATE RESOURCES TO ADVANCE THE MISSION AND PRIORITIES OF THE UNIVERSITY AND SERVING AS AMBASSADORS IN THE COMMUNITY. PROVIDES STEWARDSHIP IN THE PRUDENT INVESTMENT OF RESOURCES, ENSURING THE INTEGRITY OF THE FOUNDATION THROUGH ACCOUNTABILITY AND TRANSPARENCY IN ITS DEALINGS.
Activities or mission (Part I)
THE UNIVERSITY FOUNDATION PROMOTES PHILANTHROPY TO PROVIDE A LEVEL OF EXCELLENCE AT THE UNIVERSITY BEYOND WHAT IS POSSIBLE THROUGH STATE FUNDS.
-
THE UNIVERSITY FOUNDATION AT SACRAMENTO STATE INVESTS AND DISTRIBUTES FUNDS FOR THE BENEFIT OF THE UNIVERSITY. SINCE ITS INCEPTION IN 1987, THE UNIVERSITY FOUNDATION PROMOTES PHILANTHROPY TO PROVIDE A LEVEL OF EXCELLENCE BEYOND WHAT IS POSSIBLE THROUGH STATE FUNDS. LED BY A VOLUNTEER BOARD OF DIRECTORS COMPRISED OF PROMINENT PROFESSIONALS AND BUSINESS LEADERS, THE UNIVERSITY FOUNDATION IS THE UNIVERSITY'S PRIMARY PHILANTHROPIC AUXILIARY AND IS A TAX-EXEMPT 501(C)(3) ORGANIZATION. THE BOARD OF DIRECTORS MEETS REGULARLY TO OFFER GUIDANCE ON INVESTMENTS AND THOROUGHLY MANAGE THE GIFT FUNDS TO ENSURE THAT THEY CAN FULFILL THEIR DESIGNATED PURPOSES. THE FOUNDATION ACCOUNTS FOR GIFTS AND CONTRIBUTIONS TO THE UNIVERSITY, ENSURING THAT THE FUNDS ARE APPLIED TO THE PURPOSES FOR WHICH THE DONOR INTENDED. FUNDS MAY BE EXPENDED OR ENDOWED, PER DONOR DIRECTION; EARNINGS FROM ENDOWED FUNDS ARE GENERALLY EXPENDABLE AND DISTRIBUTED TO STUDENT SCHOLARSHIPS OR PROGRAMS, IN ACCORDANCE WITH SPECIFICATIONS PROVIDED BY THE DONOR. THE UNIVERSITY FOUNDATION AT SACRAMENTO STATE IS DEDICATED TO SUPPORTING STUDENT-CENTERED PROGRAMS THAT FURTHER THE UNIVERSITY'S MISSION TO PROVIDE AN EXCELLENT EDUCATION TO THOSE WHO ASPIRE TO EXPAND THEIR KNOWLEDGE AND PREPARE THEMSELVES FOR MEANINGFUL LIVES, CAREERS AND SERVICE TO THEIR COMMUNITY. THE FOUNDATION SUPPORTS THE UNIVERSITY'S COMPREHENSIVE CAMPAIGN TO ACCELERATE THE UNIVERSITY'S TRANSFORMATIONAL IMPACT ON INDIVIDUAL LIVES, DIVERSE COMMUNITIES, SACRAMENTO, CALIFORNIA, AND THE WORLD. THE CAMPAIGN HAS RAISED FUNDS TO SUPPORT STUDENTS, DEEPEN KNOWLEDGE, AND HELP BUILD THE COMMUNITY, AND IN PARTICULAR, SUPPORT FOR THE DALE AND KATY CARLSEN CENTER FOR INNOVATION AND ENTREPRENEURSHIP, THE ERNEST E. TSCHANNEN SCIENCE COMPLEX AND PLANETARIUM, AND FOR STUDENT SCHOLARSHIPS AND SERVICE PROGRAMS.
Expenses $5,983,882 · Grants $3,155,660 · Revenue $807,450
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert NelsenROBERT NELSEN
PRESIDENT
- Total calculated
- $549,201
- From this org
- $488,972
- From related orgs
- $0
- Other
- $60,229
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $488,972
- Bonus
- $0
- Other
- $0
- Deferred
- $39,439
- Nontaxable benefits
- $20,790
- Filer's total
- $549,201
-
Jonathan BowmanJONATHAN BOWMAN
DIRECTOR
- Total calculated
- $315,408
- From this org
- $250,491
- From related orgs
- $0
- Other
- $64,917
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $250,491
- Bonus
- $0
- Other
- $0
- Deferred
- $39,827
- Nontaxable benefits
- $25,090
- Filer's total
- $315,408
-
Lisa CardozaLISA CARDOZA
EXECUTIVE OFFICER
- Total calculated
- $303,579
- From this org
- $239,645
- From related orgs
- $0
- Other
- $63,934
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $239,645
- Bonus
- $0
- Other
- $0
- Deferred
- $39,970
- Nontaxable benefits
- $23,964
- Filer's total
- $303,579
-
Ajay SinghAJAY SINGH
FACULTY REPRESENTATIVE
- Total calculated
- $132,547
- From this org
- $86,298
- From related orgs
- $0
- Other
- $46,249
- Hours/week
- 4
Schedule J breakdown matched by us
- Base
- $86,298
- Bonus
- $0
- Other
- $0
- Deferred
- $24,918
- Nontaxable benefits
- $21,331
- Filer's total
- $132,547
-
Bernice Bass De MartinezBERNICE BASS DE MARTINEZ
CHAIR, GOVERNANCE COMMITTEE
- Total calculated
- $63,229
- From this org
- $63,229
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $63,229
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $63,229
-
Christine AultCHRISTINE AULT
DIRECTOR
- Total calculated
- $39,725
- From this org
- $39,725
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.1
Schedule J breakdown matched by us
- Base
- $39,725
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $39,725
-
Holly TicheHOLLY TICHE
CHAIR
- Total calculated
- $0
- Hours/week
- 0.1
-
Alice PerezALICE PEREZ
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.1
-
Garry MaiselGARRY MAISEL
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1
-
Sue McGintySUE MCGINTY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
Lora AnguayLORA ANGUAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Margot BachMARGOT BACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
David BugattoDAVID BUGATTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Sonney ChongSONNEY CHONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
David CovinDAVID COVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Mark DrobnyMARK DROBNY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Vanessa GuerraVANESSA GUERRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Collette Harris-MathewsCOLLETTE HARRIS-MATHEWS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
David LopezDAVID LOPEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Salma PachecoSALMA PACHECO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Lee RitcheyLEE RITCHEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Pam StewartPAM STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Scott SyphaxSCOTT SYPHAX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Bud TraversBUD TRAVERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Tina TreisTINA TREIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
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)
- FORM 990 PART VII
- ALL COMPENSATION IS PAID BY CALIFORNIA STATE UNIVERSITY, SACRAMENTO, AN UNRELATED ORGANIZATION.
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
-
CALIFORNIA STATE UNIVERSITY SACRAMENTO
$2,729,889
SCHOLARSHIPS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410859349301501
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