California State University Dominguez Hills Foundation
- Assets
- $11.8m
- Revenue
- $14.2m
- Investments
- $1.8m
- Employees
- 698
- Location
- Carson, CA
- Founding
- 05/1968
- Data as of
- 06/2021
- EIN
- 95-2543028
Organization Overview
California State University Dominguez Hills Foundation is located in Carson, CA. The organization was established in 1968. 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 06/2021, California State University Dominguez Hills Foundation employed 698 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California State University Dominguez Hills 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, California State University Dominguez Hills Foundation generated $14.2m 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 (3.6%) each year. All expenses for the organization totaled $17.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY PURPOSE IS TO ASSIST CSU, DOMINGUEZ HILLS IN VARIOUS ACTIVITIES.
Describe the Organization's Program Activity:
THE FOUNDATION PROVIDES FISCAL SERVICES FOR GRANTS AND CONTRACTS. THESE GRANTS AND CONTRACTS WHICH ARE RECEIVED FROM OUTSIDE SOURCES INCLUDING THE UNITED STATES GOVERNMENT, THE STATE OF CALIFORNIA AGENCIES AS WELL AS FROM PRIVATE FOUNDATIONS, FUND VARIOUS PROJECTS. THESE PROJECTS INCLUDE FUNDING RESEARCH IN NUMEROUS AREAS AS WELL AS PROVIDING TRAINING AND SUPPORT FOR STUDENTS STUDYING TO BECOME TEACHERS, SOCIAL WORKERS, AND OTHER PROFESSIONALS. OTHER GRANTS ENCOURAGE AND WORK WITH FIRST GENERATION, UNDER REPRESENTED STUDENTS TO ATTEND COLLEGE AS WELL AS PROVIDE SUPPORT IN OBTAINING THEIR BACCALAUREATE AND POST BACCALAUREATE DEGREES.
THE FOUNDATION PROVIDES ALL FOOD, CATERING, VENDING, AND COMMERCIAL SERVICES ON CAMPUS FOR THE CONVENIENCE OF THE STUDENTS, FACULTY AND STAFF. THE FOUNDATION ALSO CONTRACTS WITH AN OUTSIDE VENDOR TO OPERATE THE BOOKSTORE ON CAMPUS WHICH ENSURES THAT STUDENTS HAVE CONVENIENT AND EASY ACCESS FOR ALL OF THEIR TEXTBOOK NEEDS. THE FOUNDATION ALSO ADMINISTERS THE FUNDS FOR VARIOUS OTHER EDUCATIONAL RELATED FUNCTIONS, SPECIAL PROGRAMS, AND OTHER ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Groomes-Term End 1220 Former Exe. Director /director | OfficerTrustee | 40 | $190,853 |
Robert Sesnon Interim Chief Financial Officer | Officer | 1 | $131,224 |
Amanda Dodd Director Of Hr & Payroll | 1 | $118,316 | |
Cherisse Ross Controller | 1 | $117,614 | |
Tranitra Avery Executive Director Term Beg. 1/2021 | Officer | 40 | $0 |
Michael Spagna University Provost | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ramundsen Superior Holdings Llc Asset Management | 6/29/21 | $105,291 |
Vital Research Llc Evaluation Services | 6/29/21 | $192,380 |
Grobstein Teeple Llp Consulting Services | 6/29/21 | $239,282 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,700,395 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,834,280 |
| Total Program Service Revenue | $1,878,197 |
| Investment income | $116,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $236,960 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,222,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,481,395 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $267,291 |
| Compensation of current officers, directors, key employees. | $30,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,215,186 |
| Pension plan accruals and contributions | $233,024 |
| Other employee benefits | $949,627 |
| Payroll taxes | $675,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,533 |
| Fees for services: Accounting | $66,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,104 |
| Fees for services: Other | $1,295,921 |
| Advertising and promotion | $31,708 |
| Office expenses | $366,946 |
| Information technology | $17,777 |
| Royalties | $0 |
| Occupancy | $228,605 |
| Travel | $53,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,564 |
| Insurance | $83,932 |
| All other expenses | $885,940 |
| Total functional expenses | $17,611,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,275,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,164,830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,488 |
| Prepaid expenses and deferred charges | $297,278 |
| Net Land, buildings, and equipment | $503,754 |
| Investments—publicly traded securities | $4,197,812 |
| Investments—other securities | $1,762,113 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $536,547 |
| Total assets | $11,765,317 |
| Accounts payable and accrued expenses | $1,371,008 |
| Grants payable | $0 |
| Deferred revenue | $289,309 |
| 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 | $2,577,976 |
| Other liabilities | $1,133,962 |
| Total liabilities | $5,372,255 |
| Net assets without donor restrictions | $6,393,062 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $11,765,317 |
Grants Awarded
Over the last fiscal year, California State University Dominguez Hills Foundation has awarded $2,941,386 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CSU DOMINGUEZ HILLS PURPOSE: Svcs and scholarships to students | $2,603,356 |
Los Angeles, CA PURPOSE: Svcs and scholarships to students | $241,884 |
LOS ANGELES COMMUNITY PURPOSE: Svcs and scholarships to students | $44,118 |
San Bernardino, CA PURPOSE: Svcs and scholarships to students | $32,068 |
Fullerton, CA PURPOSE: Svcs and scholarships to students | $13,305 |
Fresno, CA PURPOSE: Svcs and scholarships to students | $6,655 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that California State University Dominguez Hills Foundation has recieved totaling $397,681.
| Awarding Organization | Amount |
|---|---|
Ccf Community Initiatives Fund Los Angeles, CA PURPOSE: EDUCATION | $100,000 |
Angels Nest Tlp Carlsbad, CA PURPOSE: EMERGENCY STUDENT HOUSING, EDUCATION SUPPLIES, BASIC NEEDS, COVID PPE, BOOKS | $79,800 |
Prologis Foundation Denver, CO PURPOSE: DISASTER RELIEF | $50,000 |
John Randolph Haynes And Dora Haynes Foundation Los Angeles, CA PURPOSE: RESEARCH | $40,000 |
Michelson 20mm Foundation Inc Los Angeles, CA PURPOSE: EDUCATION ACCESS & AFFORDABILITY | $25,000 |
University Enterprises Inc Sacramento, CA PURPOSE: STIPENDS FOR STUDENTS | $21,081 |
Endowment Analysis
| Beg. Balance | $10,117,030 |
| Other Expense | $10,117,030 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |
California State University Long Beach Research Foundation Long Beach, CA | $178,267,984 | $49,511,748 |
The Claremont Colleges Inc Claremont, CA | $182,085,874 | $52,502,841 |
California Polytechnic State University Foundation San Luis Obispo, CA | $434,195,321 | $44,339,782 |
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
University Of Nevada Las Vegas Foundation Las Vegas, NV | $436,194,901 | $57,839,511 |
Campanile Foundation San Diego, CA | $517,706,793 | $63,277,722 |
Csula Auxiliary Services Inc Los Angeles, CA | $54,210,339 | $35,550,804 |