Csusb Philanthropic Foundation
- Assets
- $70.1m
- Revenue
- $8.7m
- Investments
- $1.6m
- Employees
- 0
- Location
- San Bernardino, CA
- Founding
- 10/2011
- Data as of
- 06/2021
- EIN
- 45-2255077
Organization Overview
Csusb Philanthropic Foundation is located in San Bernardino, CA. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Csusb Philanthropic 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 06/2021, Csusb Philanthropic Foundation generated $8.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $4.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Csusb Philanthropic Foundation has awarded 11 individual grants totaling $7,710,863. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE FUNDRAISING, ENCOURAGE DONATIONS FROM OUTSIDE PARTIES IN ORDER TO SUPPORT VARIOUS PROGRAMS AT CALIFORNIA STATE UNIVERSITY, SAN BERNARDINO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - COORDINATE SCHOLARSHIP DONATIONS WITH THE STUDENT AWARDED SCHOLARSHIPS. STUDENT AWARDS WERE 1,861.
OTHER ACTIVITIES - DESIGNATED GIFT ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tomas D Morales President, Csusb Philanthropic Foundation | Trustee | 1 | $431,281 |
Shari Mcmahan Provost & Vp, Academic Affairs(ex-Officio), Calif | Trustee | 1 | $250,122 |
Douglas R Freer Treasurer & Co-Secretary, Csusb Philanthropic Foun | Trustee | 1 | $219,333 |
Samuel Sudhakar Vice President, Information Technology(ex-Officio | Trustee | 1 | $210,349 |
Robert J Nava Executive Director, Csusb Philanthropic Foundation | Trustee | 1 | $207,112 |
Paz Oliverez Vice President, Student Affairs(ex-Officio), Cali | Trustee | 1 | $205,596 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $144,625 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,494,989 |
| Noncash contributions included in lines 1a–1f | $1,105,637 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,639,614 |
| Total Program Service Revenue | $0 |
| Investment income | $1,919,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,171,729 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,747,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,858,933 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,297 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $191,478 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,508 |
| Office expenses | $489,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,439 |
| Interest | $0 |
| Payments to affiliates | $435,188 |
| Depreciation, depletion, and amortization | $80,625 |
| Insurance | $16,307 |
| All other expenses | $0 |
| Total functional expenses | $4,638,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,345 |
| Savings and temporary cash investments | $11,429,667 |
| Pledges and grants receivable | $645,004 |
| Accounts receivable, net | $387,588 |
| 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 | $55,595,530 |
| Investments—other securities | $1,555,471 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,079,605 |
| Accounts payable and accrued expenses | $318,727 |
| Grants payable | $0 |
| Deferred revenue | $235,827 |
| 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 | $872,652 |
| Total liabilities | $1,427,206 |
| Net assets without donor restrictions | $1,215,451 |
| Net assets with donor restrictions | $67,436,948 |
| 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 | $70,079,605 |
Grants Awarded
Over the last fiscal year, Csusb Philanthropic Foundation has awarded $1,424,172 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY SAN BERNARDINO PURPOSE: TO PROVIDE ASSISTANCE TO STUDENTS THAT MEET SPECIFIC CRITERIA. | $1,096,985 |
San Bernardino, CA PURPOSE: TO PROVIDE ASSISTANCE TO STUDENTS THAT MEET SPECIFIC CRITERIA. | $310,656 |
San Bernardino, CA PURPOSE: TO PROVIDE ASSISTANCE TO STUDENTS THAT MEET SPECIFIC CRITERIA. | $14,881 |
San Bernardino, CA PURPOSE: TO PROVIDE ASSISTANCE TO STUDENTS THAT MEET SPECIFIC CRITERIA. | $1,650 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Csusb Philanthropic Foundation has recieved totaling $910,315.
| Awarding Organization | Amount |
|---|---|
Citi Foundation New York, NY PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE | $500,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $53,250 |
California State University Foundation Long Beach, CA PURPOSE: TRANSFER OF GRANT FUNDS FROM ACLS FOR THE MELLON MAYS UNDERGRADUATE FELLOWSHIPS (MMUF) PROGRAM FOR THE 2021-22 ACADEMIC YEAR | $40,500 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $40,000 |
Endowment Analysis
| Beg. Balance | $45,146,813 |
| Earnings | $11,429,405 |
| Net Contributions | $654,159 |
| Grants | $1,383,258 |
| Ending Balance | $55,847,119 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |
Americas Best Local Charities San Rafael, CA | $3,431,052 | $16,765,664 |
Bill Hannon Foundation Los Angeles, CA | $17,238,236 | $4,285,811 |
It Is Written Inc Riverside, CA | $12,378,597 | $15,533,924 |
Friends Of Family Health Center La Habra, CA | $48,269,218 | $21,982,956 |
Family Assistance Ministries San Clemente, CA | $4,435,253 | $12,485,569 |
Hidaya Foundation Santa Clara, CA | $4,651,500 | $12,437,401 |
Hyundai Hope On Wheels Fountain Valley, CA | $12,616,829 | $14,561,310 |
Philanthropic Impact Fund Beverly Hills, CA | $0 | $3,313,525 |
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |