San Francisco State University Foundation
- Assets
- $143.0m
- Revenue
- $11.0m
- Investments
- $105.7m
- Employees
- 7
- Location
- San Francisco, CA
- Founding
- 07/2009
- Data as of
- 06/2020
- 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. As of 06/2020, San Francisco State University Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, San Francisco State University Foundation generated $11.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $9.6m during the year ending 06/2020. While expenses have increased by 15.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
SEE SCHEDULE OTHE FOUNDATION'S MAIN PROGRAM IS MANAGING ENDOWMENTS FOR SFSU. THE FOUNDATION MANAGES OVER $138,000,000 IN ENDOWMENTS. A FEW OF THE ENDOWMENTS ARE:G & J MARCUS AWARDS FUND FOR EXCELLENCE IN FACULTY AND STUDENT RESEARCH WHICH SUPPORTS STUDENT AND FACULTY RESEARCH AND CREATIVE PROJECTS. SUPPORT IN THE AMOUNT OF $388,000 WHICH WAS SPENT ON STIPDENDS, AND FACULTY-SPECIAL CONSULTANTS. THE N NOBARI DISTINGUISHED CHAIR SUPPORTS THE CHAIR OF THE CENTER FOR IRANIAN DIASPORA STUDIES AT SFSU AND THE ACTIVITES OF THE CENTER. SUPPORT IN THE AMOUNT OF $244,000 WAS SPENT TO SUPPORT THE DIRECTOR SALARIES, AND SUPPLIES.IRAINIAN DIASPORA STUDIES INSPIRES INTERDISCIPLINARY INQUIRY AND EXPLORATION OF IRANIAN DIASPORA EXPERIENCE AND ITS IMPACT ON TRANSNATIONAL IDENTITY. SUPPORT OF $92,248 WAS SPENT TO SUPPORT THE CENTER, GUEST SPEAKERS, AND SPECIAL EVENTS.THE FOUNDATION WAS ABLE TO MEET DONOR INTENT BY PROVIDING $5.4 MILLION IN SCHOLARSHIPS AND COLLEGE DEPARTMENT SUPPORT IN FY2019-2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Porth Director/president,sfsu(thru 05/2020) | OfficerTrustee | 20 | $0 |
Jeffrey Jackanicz Board President (from 05/2020) | OfficerTrustee | 20 | $0 |
Kimberly Brandon Vice Chair | OfficerTrustee | 2 | $0 |
David Serrano Sewell Immediate Past Chair | OfficerTrustee | 0.4 | $0 |
Taylor Safford Chair | OfficerTrustee | 4 | $0 |
Venesia Thompson-Ramsay Board Secr. & Treas. (from 03/2020) | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,066,836 |
| Noncash contributions included in lines 1a–1f | $3,430,416 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,066,836 |
| Total Program Service Revenue | $2,330,966 |
| Investment income | $1,464,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,960,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,478,931 |
| 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 | $261,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,838 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,426 |
| Fees for services: Accounting | $316,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $683,829 |
| Fees for services: Other | $9,000 |
| Advertising and promotion | $5,200 |
| Office expenses | $24,481 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,785 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,871 |
| All other expenses | $5,704 |
| Total functional expenses | $9,626,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,339 |
| Savings and temporary cash investments | $3,410,241 |
| Pledges and grants receivable | $47,467 |
| Accounts receivable, net | $18,595 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,786,669 |
| Investments—other securities | $105,740,702 |
| Investments—program-related | $0 |
| Intangible assets | $1,539,370 |
| Other assets | $103,276 |
| Total assets | $142,984,659 |
| Accounts payable and accrued expenses | $110,428 |
| Grants payable | $0 |
| Deferred revenue | $1,586,837 |
| 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 | $528,145 |
| Total liabilities | $2,225,410 |
| Net assets without donor restrictions | $11,421,728 |
| Net assets with donor restrictions | $129,337,521 |
| 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 | $142,984,659 |
Grants Awarded
Over the last fiscal year, San Francisco State University Foundation has awarded $5,478,931 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: SCHOLARSHIPS AND CAMPUS PROGRAMS | $5,453,931 |
Los Angeles, CA PURPOSE: PROPOSITION 13 SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that San Francisco State University Foundation has recieved totaling $33,926.
| Awarding Organization | Amount |
|---|---|
The Martin Wong Foundation A Ca Non-Profit Public Benefir Corp San Francisco, CA PURPOSE: ART SCHOLARSHIP | $10,000 |
Sylvan H Kline Family Foundation Wilmington, DE PURPOSE: GUARDIAN SCHOLARS SCHOLARSHIP FUND | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,926 |
Metta Fund San Francisco, CA PURPOSE: SCHOLARSHIP FOR STUDENTS WITH HEALTH RELATED MAJOR/MINORS-WILLIE L BROWN FELLOWSHIP | $2,500 |
Metta Fund San Francisco, CA PURPOSE: SCHOLARSHIP FOR STUDENTS WITH HEALTH RELATED MAJOR/MINORS-WILLIE L BROWN FELLOWSHIP | $2,500 |
Endowment Analysis
| Beg. Balance | $135,857,809 |
| Earnings | $3,223,389 |
| Admin Expense | $2,330,966 |
| Net Contributions | $7,066,602 |
| Grants | $5,453,931 |
| Ending Balance | $138,362,903 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $22,763,966 | $14,857,407 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $237,963,375 | $27,725,892 |
California State University - Northridge Foundation Northridge, CA | $204,700,858 | $20,144,770 |
Csulb 49er Foundation Long Beach, CA | $130,990,830 | $24,744,476 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
Thomas Jefferson School Of Law San Diego, CA | $17,802,285 | $12,045,016 |
10000 Degrees San Rafael, CA | $18,051,462 | $12,608,978 |
The Foundation For Santa Barbara City College Santa Barbara, CA | $62,486,520 | $6,592,806 |
University Foundation At Sacramento State Sacramento, CA | $76,146,918 | $14,061,610 |
San Francisco State University Foundation San Francisco, CA | $142,984,659 | $10,960,207 |
Klare Holdings Los Angeles, CA | $211,471,720 | $9,357,114 |