California State University Channel Islands Foundation
- Assets
- $82.9m
- Revenue
- $43.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Camarillo, CA
- Founding
- 07/1997
- Data as of
- 06/2022
- EIN
- 77-0433230
Organization Overview
California State University Channel Islands Foundation is located in Camarillo, CA. The organization was established in 1997. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. California State University Channel Islands 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, California State University Channel Islands Foundation generated $43.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER EDUCATIONAL PURPOSE OF CALIFORNIA STATE UNIVERSITY, CHANNEL ISLANDS (CSUCI)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND FELLOWSHIPS: PROVIDE FINANCIAL SUPPORT FOR STUDENTS THAT COULD INCLUDE TUITION AND OTHER EDUCATION RELATED EXPENSES BASED ON SCHOLARSHIP CRITERIA AND ELIGIBILITY.
UNR: UNRESTRICTED OPERATING COSTS FOR DIRECT FUND RAISING RELATED EXPENDITURES, INDIRECT-COTS (I.E.: SBS, PROCUREMENT, RISK MGMT, FISCAL SVC (ACCOUNTING, AP, AR, CASH MGMT/BANK RECON), CONSULTING SERVICES, AND FUND RASING RELATED EVENTS (PD'S, PG'S, PC'S).
CHS NURSING PART FUND: SUPPORTS INITIAL START-UP COSTS OVER 10 YEARS FOR THE ESTABLISHMENT OF BACHELOR OF SCIENCE NURSING DEGREE PROGRAM IN SANTA BARBARA.
OTHER PROGRAM EXPENSES: RESEARCH PROGRAMS $222,002 4B-PEER MENTOR PROGRAMS $202,469 SANTA ROSA FIELD STATION $117,785 EDUCATION PROGRAMS $77,150 MVS BUSINESS PROGRAMS $70,693 EXTENDED UNIV PROGRAMS $57,141 LIBRARY PROGRAMS $53,137 EKHO YOUR HEART $37,000 ARTS & SCIENCES PROGRAMS $28,857 CDAE PROGRAMS $22,863 OTHER $20,461 CAMPUS LIFE PROGRAMS $19,720 EDISON STEM & SRIRS PROGRAM $14,917 OTP PROGRAMS $13,134 ROI PROGRAMS $11,990 PUBLIC SAFETY PROGRAMS $3,412
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Yao Csuci President | OfficerTrustee | 1 | $0 |
Chris Meissner Secretary | OfficerTrustee | 1 | $0 |
Lois Rice Vice Chair | OfficerTrustee | 1 | $0 |
Mark Lisagor Chair | OfficerTrustee | 1 | $0 |
Barbara Rex Treasurer, Ex-Officio | Officer | 1 | $0 |
Irene Pinkard Board Member | Trustee | 1 | $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 | $42,246,097 |
| Noncash contributions included in lines 1a–1f | $671,801 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,246,097 |
| Total Program Service Revenue | $0 |
| Investment income | $824,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,468,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,147,623 |
| 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 | $2,646 |
| Fees for services: Accounting | $69,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $268,517 |
| Fees for services: Other | $1,115,569 |
| Advertising and promotion | $24,240 |
| Office expenses | $86,543 |
| Information technology | $17,873 |
| Royalties | $0 |
| Occupancy | $44,037 |
| Travel | $24,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,211 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,320 |
| All other expenses | $4,705 |
| Total functional expenses | $3,123,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,203,898 |
| Savings and temporary cash investments | $370,842 |
| Pledges and grants receivable | $30,645,535 |
| Accounts receivable, net | $4,793 |
| 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 | $41,714,753 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,982,929 |
| Total assets | $82,922,750 |
| Accounts payable and accrued expenses | $62,848 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $427,074 |
| Total liabilities | $489,922 |
| Net assets without donor restrictions | $29,997,859 |
| Net assets with donor restrictions | $52,434,969 |
| 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 | $82,922,750 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that California State University Channel Islands Foundation has recieved totaling $1,444,956.
| Awarding Organization | Amount |
|---|---|
Ecmc Foundation Minneapolis, MN PURPOSE: College Success & General Support | $310,004 |
Santa Barbara Cottage Hospital Santa Barbara, CA PURPOSE: Support of the Bachelor's in Science, Nursing program in Santa Barbara | $297,403 |
Jeff Green Family Foundation Westlake Village, CA PURPOSE: SCHOLARSHIP SUPPORT FOR ACADEMIC YEAR 2021-22 | $247,800 |
Santa Barbara Cottage Hospital Foundation Santa Barbara, CA PURPOSE: Support of the Bachelor's in Science, Nursing program in Santa Barbara | $232,500 |
Goleta Valley Cottage Hospital Santa Barbara, CA PURPOSE: Support of the Bachelor's in Science, Nursing program in Santa Barbara | $79,307 |
Santa Barbara Foundation Santa Barbara, CA PURPOSE: EDUCATIONAL INSTITUTIONS | $50,000 |
Endowment Analysis
| Beg. Balance | $20,871,603 |
| Earnings | -$3,274,081 |
| Admin Expense | $454,895 |
| Net Contributions | $16,310,288 |
| Other Expense | $587,431 |
| Grants | $208,840 |
| Ending Balance | $32,656,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Stem Next Opportunity Fund San Diego, CA | $10,305,213 | $10,913,896 |