San Francisco State University Foundation
- Assets
- $160.3m
- Revenue
- $9.4m
- Investments
- $137.4m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 07/2009
- Data as of
- 06/2022
- EIN
- 26-1169717
Organization Overview
San Francisco State University Foundation is located in San Francisco, CA. The organization was established in 2009. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Francisco State University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, San Francisco State University Foundation generated $9.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $10.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PRIVATE FINANCIAL SUPPORT TO ASSIST THE UNIVERSITY IN MEETING ITS EDUCATIONAL MISSION.
Describe the Organization's Program Activity:
THE FOUNDATION'S MAIN PROGRAM IS MANAGING ENDOWMENTS FOR SFSU. THE FOUNDATION MANAGES OVER $150,000,000 IN ENDOWMENTS. A FEW OF THE ENDOWMENTS:G&J MARCUS AWARDS FUND FOR EXCELLENCE IN FACULTY AND STUDENT RESEARCH , THIS ENDOWMENT PROVIDED $261,000 FINANCIAL SUPPORT FOR STUDENTS AND FACULTY RESEARCH AND CREATIVE PROJECTS. MARCUS ENDOWED CHAIR IN CINEMA#2, THIS ENDOWMENT PROVIDES SUPPORT FOR A SECOND ENDOWED CHAIR IN CINEMA AND PROVIDES RESOURCES FOR SCHOLARLY ENDEAVORS. SUPPORT OF $149,000 WAS PROVIDE IN FY 21-22RICHARD AND RHODA GOLDMAN CHAIR ISRAEL STUDIES PROVIDED $134,000 IN FUNDING TO PROVIDE SALARY SUPPORT AND TRAVEL.THE FOUNDATION WAS ABLE TO MEET DONOR INTENT BY PROVIDING $4.4 MILLION IN SCHOLARSHIPS AND COLLEGE DEPARTMENT SUPPORT IN FY 2021-2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Mahoney President, Sf State | Trustee | 3 | $0 |
Jennefer Summit Ex-Officio (voting) | Trustee | 1 | $0 |
Jeff Wilson Ex-Officio (voting) | Trustee | 1 | $0 |
Jeff Jackanicz Board President | OfficerTrustee | 21 | $0 |
Venesia Thompson-Ramsay Secretary/treasurer (non-Voting) | Officer | 18 | $0 |
Sheldon Gen Faculty Representative | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc Investment Consultant | 6/29/22 | $282,282 |
The University Corporation Sf State Accounting Services | 6/29/22 | $266,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,459 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,008,525 |
| Noncash contributions included in lines 1a–1f | $327,892 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,023,984 |
| Total Program Service Revenue | $2,174,444 |
| Investment income | $893,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,353,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,444,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,407,534 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $368,156 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $181,331 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,230 |
| Fees for services: Accounting | $327,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,593,196 |
| Fees for services: Other | $67,300 |
| Advertising and promotion | $0 |
| Office expenses | $12,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,950 |
| All other expenses | $25,132 |
| Total functional expenses | $10,553,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $754,970 |
| Savings and temporary cash investments | $849,870 |
| Pledges and grants receivable | $48,356 |
| Accounts receivable, net | $28,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,595 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,182,939 |
| Investments—other securities | $137,409,863 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $160,331,638 |
| Accounts payable and accrued expenses | $50 |
| Grants payable | $0 |
| Deferred revenue | $48,356 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,038 |
| Total liabilities | $214,444 |
| Net assets without donor restrictions | $7,296,126 |
| Net assets with donor restrictions | $152,821,068 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $160,331,638 |
Grants Awarded
Over the last fiscal year, San Francisco State University Foundation has awarded $6,098,830 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAN FRANCISCO STATE UNIVERSITY PURPOSE: EDUCATIONAL SUPPORT | $2,264,424 |
THE UNIVERSITY CORPORATION PURPOSE: SCHOLARSHIPS AND CAMPUS PROGRAMS | $3,834,406 |