California State University Los Angeles Foundation
- Assets
- $71.2m
- Revenue
- $6.0m
- Investments
- $7.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/1997
- Data as of
- 06/2022
- EIN
- 95-4044252
Organization Overview
California State University Los Angeles Foundation is located in Los Angeles, CA. The organization was established in 1997. 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. California State University Los Angeles 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 Los Angeles Foundation generated $6.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, California State University Los Angeles Foundation has awarded 24 individual grants totaling $22,994,495. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ADVANCE THE EDUCATIONAL, CULTURAL, SCHOLARLY AND CREATIVE ACTIVITIES AND THE ROLE OF COMMUNITY SERVICE OF CALIFORNIA STATE UNIVERSITY, LOS ANGELES BY INCREASING PRIVATE FUNDING, RESPONSIBLY MANAGING DONATED RESOURCES AND SUPPORTING THE UNIVERSITY AND ITS DIVERSE AND DISTINCT NATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CALIFORNIA STATE UNIVERSITY, LOS ANGELES TO PROMOTE SCIENTIFIC, LITERARY AND EDUCATIONAL PROGRAMS
SCHOLARSHIPS TO STUDENTS AT CALIFORNIA STATE UNIVERSITY, LOS ANGELES
SCHOLARSHIPS TO CALIFORNIA STATE UNIVERSITY, LOS ANGELES AUXILIARY SERVICES, INC. AS AGENT FOR DISTRIBUTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alev Lewis Trustee | Trustee | 1 | $0 |
Amber Beasley Student Trustee | Trustee | 1 | $0 |
Andrew Klein Ex-Officio Trustee | Trustee | 1 | $0 |
Barry Rondinella Trustee | Trustee | 1 | $0 |
Bertha Haro Ex-Officio Trustee | Trustee | 1 | $0 |
Chistopher Garlington Trustee | 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 | $3,198,035 |
| Noncash contributions included in lines 1a–1f | $376,386 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,198,035 |
| Total Program Service Revenue | $0 |
| Investment income | $1,100,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,720,908 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,019,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,194,147 |
| 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 | $101,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $310,273 |
| Fees for services: Other | $318,023 |
| Advertising and promotion | $8,684 |
| Office expenses | $11,552 |
| 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 | $4,974 |
| All other expenses | $0 |
| Total functional expenses | $3,468,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,302,899 |
| Savings and temporary cash investments | $1,708,613 |
| Pledges and grants receivable | $5,417,073 |
| Accounts receivable, net | $1,076,050 |
| 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 | $595 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $54,439,324 |
| Investments—other securities | $7,233,731 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,178,285 |
| Accounts payable and accrued expenses | $34,808 |
| 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 | $79,176 |
| Total liabilities | $113,984 |
| Net assets without donor restrictions | $2,669,111 |
| Net assets with donor restrictions | $68,395,190 |
| 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 | $71,178,285 |
Grants Awarded
Over the last fiscal year, California State University Los Angeles Foundation has awarded $2,194,147 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY LOS ANGELES PURPOSE: SCHOLARSHIPS | $1,975,487 |
CALIFORNIA STATE UNIVERSITY LOS ANGELES PURPOSE: COLLEGE GRANTS | $90,455 |
CALIFORNIA STATE UNIVERSITY LOS ANGELES AUXILIARY SERVICES INC PURPOSE: SCHOLARSHIPS | $128,205 |