University Foundation At Sacramento State
- Assets
- $93.5m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 01/1988
- Data as of
- 06/2022
- EIN
- 94-3001359
Organization Overview
University Foundation At Sacramento State is located in Sacramento, CA. The organization was established in 1988. 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. University Foundation At Sacramento State 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, University Foundation At Sacramento State generated $14.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 9.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY FOUNDATION PROMOTES PHILANTHROPY TO PROVIDE A LEVEL OF EXCELLENCE AT THE UNIVERSITY BEYOND WHAT IS POSSIBLE THROUGH STATE FUNDS.THE MEMBERS OF THE UNIVERSITY FOUNDATION BOARD OF DIRECTORS ACCOMPLISH THIS MISSION BY HELPING TO RAISE PRIVATE RESOURCES TO ADVANCE THE MISSION AND PRIORITIES OF THE UNIVERSITY AND SERVING AS AMBASSADORS IN THE COMMUNITY. THE BOARD PROVIDES STEWARDSHIP IN THE PRUDENT INVESTMENT OF RESOURCES, ENSURING THE INTEGRITY OF THE FOUNDATION THROUGH ACCOUNTABILITY AND TRANSPARENCY IN ITS DEALINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY FOUNDATION AT SACRAMENTO STATE INVESTS AND DISTRIBUTES FUNDS FOR THE BENEFIT OF THE UNIVERSITY. SINCE ITS INCEPTION IN 1987, THE UNIVERSITY FOUNDATION PROMOTES PHILANTHROPY TO PROVIDE A LEVEL OF EXCELLENCE BEYOND WHAT IS POSSIBLE THROUGH STATE FUNDS. LED BY A VOLUNTEER BOARD OF DIRECTORS COMPRISED OF PROMINENT PROFESSIONALS AND BUSINESS LEADERS, THE UNIVERSITY FOUNDATION IS THE UNIVERSITY'S PRIMARY PHILANTHROPIC AUXILIARY AND IS A TAX-EXEMPT 501 (C) 3 ORGANIZATION. THE BOARD OF DIRECTORS MEETS REGULARLY TO OFFER GUIDANCE ON INVESTMENTS AND THOROUGHLY MANAGE THE GIFT FUNDS TO ENSURE THAT THEY CAN FULFILL THEIR DESIGNATED PURPOSES. THE FOUNDATION ACCOUNTS FOR GIFTS AND CONTRIBUTIONS TO THE UNIVERSITY, ENSURING THAT THE FUNDS ARE APPLIED TO THE PURPOSES FOR WHICH THE DONOR INTENDED. FUNDS MAY BE EXPENDED OR ENDOWED, PER DONOR DIRECTION; EARNINGS FROM ENDOWED FUNDS ARE GENERALLY EXPENDABLE AND DISTRIBUTED TO STUDENTS OR PROGRAMS, IN ACCORDANCE WITH SPECIFICATIONS PROVIDED BY THE DONOR.THE UNIVERSITY FOUNDATION AT SACRAMENTO STATE IS DEDICATED TO SUPPORTING STUDENT-CENTERED PROGRAMS THAT FURTHER THE UNIVERSITY'S MISSION TO PROVIDE AN EXCELLENT EDUCATION TO THOSE WHO ASPIRE TO EXPAND THEIR KNOWLEDGE AND PREPARE THEMSELVES FOR MEANINGFUL LIVES, CAREERS AND SERVICE TO THEIR COMMUNITY. THE FOUNDATION SUPPORTS FUNDRAISING EFFORTS TO ACCELERATE THE UNIVERSITY'S TRANSFORMATIONAL IMPACT ON INDIVIDUAL LIVES, DIVERSE COMMUNITIES, SACRAMENTO, CALIFORNIA, AND THE WORLD. FUNDRAISING PRIORITIES INCLUDE STUDENT SCHOLARSHIPS, EMERGENCY FUNDS FOR STUDENTS AS WELL AS FACULTY AND STAFF, CAPITAL PROJECTS, AND OTHER UNIT-SPECIFIC INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernice Bass DE Martinez Chair, Governance Committe | OfficerTrustee | 0.1 | $0 |
Sue Mcginty Board Secretary | OfficerTrustee | 0.1 | $0 |
Robert Nelsen President | OfficerTrustee | 0.1 | $0 |
Paul Lau Board Treasurer/chair, Finance Committee | OfficerTrustee | 0.1 | $0 |
Holly Tiche Board Vice Chair | OfficerTrustee | 0.1 | $0 |
Tina Treis Board Chair | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $146,440 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,408,751 |
| Noncash contributions included in lines 1a–1f | $313,811 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,555,191 |
| Total Program Service Revenue | $91,923 |
| Investment income | $4,287,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $868,152 |
| Net Income from Fundraising Events | -$52,765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,749,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,376,604 |
| Grants and other assistance to domestic individuals. | $541,688 |
| 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 | $7,628 |
| Fees for services: Accounting | $311,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $163,285 |
| Fees for services: Investment Management | $241,368 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,304 |
| Office expenses | $34,991 |
| Information technology | $199,248 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $123,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $207,898 |
| Interest | $0 |
| Payments to affiliates | $1,554,009 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,346 |
| All other expenses | $20,382 |
| Total functional expenses | $6,899,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,887,439 |
| Savings and temporary cash investments | $5,103,943 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,000 |
| 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 | $84,247,320 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,068 |
| Total assets | $93,463,770 |
| Accounts payable and accrued expenses | $473,023 |
| 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 | $0 |
| Total liabilities | $473,023 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,276,170 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $91,714,577 |
| Total liabilities and net assets/fund balances | $93,463,770 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Foundation At Sacramento State has recieved totaling $3,605.
| Awarding Organization | Amount |
|---|---|
Robert S Dinsmore Foundation Of Texas Helotes, TX PURPOSE: CHARITABLE CONTRIBUTIONS | $3,605 |
Endowment Analysis
| Beg. Balance | $76,503,707 |
| Earnings | -$8,881,182 |
| Admin Expense | $533,167 |
| Net Contributions | $3,443,365 |
| Other Expense | $868,870 |
| Grants | $1,499,666 |
| Ending Balance | $68,164,187 |
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 | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |