California State University Fresno Foundation
- Assets
- $300.1m
- Revenue
- $96.4m
- Investments
- $0.0
- Employees
- 1,504
- Location
- Fresno, CA
- Founding
- 04/1954
- Data as of
- 06/2022
- EIN
- 94-6003272
Organization Overview
California State University Fresno Foundation is located in Fresno, CA. The organization was established in 1954. 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 06/2022, California State University Fresno Foundation employed 1,504 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California State University Fresno 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 Fresno Foundation generated $96.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $78.2m 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
RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF CALIFORNIA STATE UNIVERSITY, FRESNO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSE FOR ADMINISTRATION OF PROJECT FUNDS FOR ALL DEPARTMENTS, DIVISIONS, SCHOOLS AND PROGRAMS AT CSUF.
SCHOLARSHIPS AND LOANS TO STUDENTS AT CSUF. APPROXIMATELY 24,946 STUDENTS; 20 LOANS AND 577 SCHOLARSHIPS (STUDENT SUPPORT).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Saul Jimenez-Sandoval Secretary | OfficerTrustee | 2 | $0 |
Debbie Adishian-Astone Executive Dir. | Officer | 5 | $0 |
Keith Kompsi Dir Finl Serv | Officer | 40 | $0 |
Karri Hammerstrom Project Director | 40 | $145,313 | |
David Foster Project Director | 40 | $118,784 | |
Eduardo Gonzalez Project Director | 40 | $108,616 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mid Valley Pump Testing Pump Testing Service | 6/29/20 | $124,700 |
Pump Efficiency Testing Srv Pump Testing Service | 6/29/20 | $177,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,509,373 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,781,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,291,192 |
| Total Program Service Revenue | $15,962,392 |
| Investment income | $12,583,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,506,405 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,362,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,831,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $201,482 |
| Compensation of current officers, directors, key employees. | $201,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,041,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,522,614 |
| Payroll taxes | $1,007,055 |
| 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 | $666,896 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $1,307,255 |
| Total functional expenses | $78,204,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,544,829 |
| Savings and temporary cash investments | $62,880,932 |
| Pledges and grants receivable | $21,063,515 |
| Accounts receivable, net | $9,898,446 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $650,925 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $134,892 |
| Net Land, buildings, and equipment | $463,762 |
| Investments—publicly traded securities | $191,500,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $300,137,511 |
| Accounts payable and accrued expenses | $6,027,192 |
| Grants payable | $0 |
| Deferred revenue | $9,196,780 |
| 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 | $2,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,928,650 |
| Total liabilities | $21,152,622 |
| Net assets without donor restrictions | $5,721,159 |
| Net assets with donor restrictions | $273,263,730 |
| 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 | $300,137,511 |