Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $23,103

• 1c · Fundraising events

  $715,865

• 1f · All other contributions, gifts and grants

  $17,011,393

• 1g · Noncash contributions included above

  $1,399,619

• 2a · Program service revenue: CAMPUS PROGRAMS

  total $1,163,450 · related or exempt $1,163,450

• 3 · Investment income

  total $5,649,386 · excluded $5,649,386

• 7a · Gross sales of assets other than inventory

  securities $6,629,026

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

  securities $6,658,462

• 7c · Gain or loss

  securities -$29,436

• 7d · Net gain or loss

  total -$29,436 · excluded -$29,436

• 8a · Fundraising events: gross income

  $253,038

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

  $715,865

• 8b · Fundraising events: direct expenses

  $398,013

• 8c · Net income from fundraising events

  total -$144,975 · excluded -$144,975

• 11a · Other revenue: ADMINISTRATIVE SERVICES

  total $164 · excluded $164

• 11e · Other revenue, total

  $164

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,177,385 · program services $3,177,385

• 2 · Grants to domestic individuals

  total $41,750 · program services $41,750

• 7 · Other salaries and wages

  total $2,677,166 · program services $2,469,223 · management and general $207,943

• 9 · Other employee benefits

  total $493,918 · program services $447,028 · management and general $46,890

• 11b · Fees: legal

  total $3,500 · program services $3,500

• 11c · Fees: accounting

  total $91,127 · program services $2,865 · management and general $88,262

• 11f · Fees: investment management

  total $195,992 · management and general $195,992

• 12 · Advertising and promotion

  total $130,009 · program services $117,409 · management and general $12,600

• 13 · Office expenses

  total $663,659 · program services $610,712 · management and general $52,947

• 17 · Travel

  total $400,078 · program services $353,920 · management and general $46,158

• 23 · Insurance

  total $71,153 · program services $61,484 · management and general $9,669

• 24a · Other expenses: PROGRAM COSTS

  total $6,888,836 · program services $5,934,950 · management and general $953,886

• 24b · Other expenses: OTHER DIRECT COSTS

  total $1,302,610 · program services $1,094,927 · management and general $207,683

• 24c · Other expenses: PUBLIC RELATIONS

  total $149,091 · program services $120,259 · management and general $28,832

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $41,068,623 · end of year $44,357,934

• 3 · Pledges and grants receivable

  beginning of year $11,638,170 · end of year $12,639,215

• 4 · Accounts receivable

  beginning of year $440,540 · end of year $616,559

• 9 · Prepaid expenses and deferred charges

  beginning of year $31,604 · end of year $31,040

• 11 · Investments: publicly traded securities

  beginning of year $136,885,310 · end of year $151,676,003

• 12 · Investments: other securities

  beginning of year $7,572,050 · end of year $8,109,839

• 15 · Other assets

  beginning of year $459,472 · end of year $433,670

• 17 · Accounts payable and accrued expenses

  beginning of year $1,888,573 · end of year $711,184

• 27 · Net assets without donor restrictions

  beginning of year $33,146,351 · end of year $37,635,042

• 28 · Net assets with donor restrictions

  beginning of year $163,060,845 · end of year $179,518,034

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT OF CALIFORNIA STATE UNIVERSITY, FULLERTON, IS REQUIRED AS PART OF THEIR COMPENSATION PACKAGE APPROVED BY THE CSU BOARD OF TRUSTEES TO OCCUPY THE OFFICIAL UNIVERSITY PRESIDENTIAL RESIDENCE. THE PROVISION OF HOUSING IS A WORKING CONDITION FRINGE BENEFIT, AND AS SUCH, EXCLUDED FROM TAXABLE COMPENSATION AND NOT REPORTED IN SCHEDULE J, PART II, COLUMN D.

PART I, LINE 3:

THE SALARIES PAID TO ANY DIRECTOR OR OFFICER OF THE ORGANIZATION ARE PAID BY CALIFORNIA STATE UNIVERSITY, FULLERTON. THE FOUNDATION DOES NOT UTILIZE ANY PROCEDURES TO DETERMINE COMPENSATION FOR DIRECTORS OR THE OFFICERS BECAUSE THEY DO NOT PAY THE COMPENSATION, NOR IS IT PAID ON THE FOUNDATION'S BEHALF. THE COMPENSATION IS DETERMINED AND REVIEWED BY THE CSU BOARD OF TRUSTEES, USING METHODS TO DETERMINE REASONABLE COMPENSATION THAT ARE GOVERNED BY THE REQUIREMENTS OF THE CSU SYSTEM AND THE STATE OF CALIFORNIA. THE EXECUTIVE DIRECTOR'S COMPENSATION IS BASED ON THE RESULT OF COMPENSATION SURVEYS AND STUDIES CONDUCTED UNDER THE AUSPICES OF THE CSU VICE CHANCELLOR FOR HUMAN RESOURCES.