Foundation Of California State University Monterey Bay
- Assets
- $34.6m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Seaside, CA
- Founding
- 04/2010
- Data as of
- 06/2022
- EIN
- 80-0494808
Organization Overview
Foundation Of California State University Monterey Bay is located in Seaside, CA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Foundation Of California State University Monterey Bay 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, Foundation Of California State University Monterey Bay generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 7 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.
Since 2015, Foundation Of California State University Monterey Bay has awarded 65 individual grants totaling $11,125,847. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE SCIENTIFIC, LITERARY, EDUCATIONAL AND CHARITABLE PURPOSES OF CALIFORNIA STATE UNIVERSITY, MONTEREY BAY, INCLUDING FUNDRAISING, DEVELOPMENT, ENDOWMENT MANAGEMENT, FINANCIAL ASSISTANCE, PUBLIC RELATIONS AND OTHER SUPPORT.
Describe the Organization's Program Activity:
MANAGEMENT OF ENDOWMENTS, INCLUDING RELATED SCHOLARSHIP AWARDS, AND SUPPORT OF CALIFORNIA STATE UNIVERSITY, MONTEREY BAY THROUGH DEVELOPMENT, PUBLIC RELATIONS AND OTHER FINANCIAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Zappas CEO (ex Officio) | OfficerTrustee | 1 | $0 |
Bettye Saxon Edd Chair | OfficerTrustee | 1 | $0 |
Deborah Juran Secretary | OfficerTrustee | 1 | $0 |
Mac Clemmens Director | Trustee | 1 | $0 |
Michael Mcmillan Director | Trustee | 1 | $0 |
Eduardo M Ochoa PHD Director (ex Officio) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $678,133 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,281,167 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,959,300 |
| Total Program Service Revenue | $0 |
| Investment income | $1,408,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,014,474 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,381,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,181,761 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,653 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $50,000 |
| All other expenses | $0 |
| Total functional expenses | $1,268,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,572,942 |
| Pledges and grants receivable | $78,267 |
| Accounts receivable, net | $50,910 |
| 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 | $31,872,054 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,574,173 |
| Accounts payable and accrued expenses | $0 |
| 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 | $98,204 |
| Total liabilities | $98,204 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $34,475,969 |
| Total liabilities and net assets/fund balances | $34,574,173 |
Grants Awarded
Over the last fiscal year, Foundation Of California State University Monterey Bay has awarded $1,159,761 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY MONTEREY BAY PURPOSE: SCHOLARSHIPS | $966,629 |
Seaside, CA PURPOSE: SCHOLARSHIPS | $165,632 |
Davis, CA PURPOSE: SCHOLARSHIPS | $21,500 |
HARTNELL COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Foundation Of California State University Monterey Bay has recieved totaling $568,913.
| Awarding Organization | Amount |
|---|---|
Foundation For Food And Agriculture Research Washington, DC PURPOSE: RESEARCH | $450,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $39,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $33,000 |
Mcconnell Foundation Redding, CA PURPOSE: 2018 MCCONNELL SCHOLARS ($13,295); 2016 VISTA AND MCCONNELL SCHOLARS ($6,618) | $19,913 |
Morgan Stanley Foundation New York, NY PURPOSE: DIVERSITY SCHOLARSHIPS | $15,000 |
United Charitable Ashburn, VA PURPOSE: EDUCATION | $10,000 |
Endowment Analysis
| Beg. Balance | $35,272,665 |
| Earnings | -$3,372,201 |
| Net Contributions | $1,521,989 |
| Grants | $1,213,543 |
| Ending Balance | $32,208,910 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |