2023-05-05T11:00:32-05:00 2022-06-30 420714325 RSM US LLP 920 5TH AVENUE SUITE 2800 SEATTLE WA 98104 990 2021-07-01 830403915 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY TOWE 4089241765 ONE WASHINGTON SQUARE SAN JOSE CA 951920183 ROBIN REYNOLDS COO 4089241765 2023-05-05 1 ROBIN REYNOLDS 999009999 SUE ROBISON P00560072 2062814444 2023-05-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z LISA MILLORA ONE WASHINGTON SQUARE SAN JOSE CA 951920183 99585574 0 X WWW.SJSU.EDU/TOWERFOUNDATION X 2004 CA ASSISTANCE TO ACADEMIC PROGRAMS & FACILITIES, STUDENT SCHOLARSHIPS, FACULTY, & ATHLETICS PROGRAMS 25 23 135 22 1064201 875452 18088607 14794585 10160836 4927416 17142440 11347509 961223 1490318 46353106 32559828 3697931 4171403 0 0 8735875 10068684 0 0 0 10715048 8433133 23148854 22673220 23204252 9886608 263921731 280294745 4240172 46627617 259681559 233667128 THE TOWER FOUNDATION'S MISSION IS TO ENCOURAGE PHILANTHROPY AMONG SJSU ALUMNI AND FRIENDS BY PROVIDING HIGH QUALITY, RELIABLE, AND RESPONSIVE CHARITABLE GIVING SERVICES, DONOR STEWARDSHIP, AND ACCURATE ACCOUNTING FOR ALL GIFTS. 0 0 19247444 4171403 4927416 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES OF PROMOTING AND ADVANCING THE OBJECTIVES OF SAN JOSE STATE UNIVERSITY. PRIMARY PURPOSES INCLUDE PROVIDING ASSISTANCE TO ACADEMIC PROGRAMS, LIBRARIES, CLASSROOMS, LABORATORIES, STUDENT SCHOLARSHIPS, FACULTY FELLOWSHIPS AND PROFESSORSHIPS, FACULTY RESEARCH AND COMMUNITY PROJECTS, AND ATHLETICS PROGRAMS. 19247444 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 19 0 1 135 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 23 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X X PAUL FORKNER 4089241765 ONE WASHINGTON SQUARE SAN JOSE CA 951920183 X BRENT BRENNAN HEAD COACH, FOOTBALL 1.00 40.00 X 1275638 326238 121841 TIMOTHY MILES HEAD COACH, MEN'S BASKETBALL 1.00 40.00 X 272762 232832 56718 DANIELE LECESNE COO/SECRETARY 40.00 0.00 X 0 197731 66845 ALISON MCKEE ACADEMIC SENATE CHAIR 0.50 40.00 X 0 122599 49143 VIRGINIA LEHMKUL DAKHWE STAFF/FACULTY REP 0.50 40.00 X 0 98704 61513 MARIE TUITE ATHLETICS DIRECTOR (UNTIL 8/26/21) 5.00 40.00 X 156290 234398 60501 KEVIN MCGIVEN ASSISTANT COACH, FOOTBALL 0.50 40.00 X 149587 201206 80199 DERRICK ODUM ASSISTANT COACH, FOOTBALL 0.50 40.00 X 132136 215754 72206 THERESA DAVIS CEO (UNTIL 5/31/22) 30.00 10.00 X X 13000 262854 99332 LISA MILLORA CEO (AS OF 6/1/22) 30.00 10.00 X X 0 0 0 MARY PAPAZIAN PRESIDENT (UNTIL 12/31/21) 0.50 40.00 X X 0 509758 75007 STEVE PEREZ PRESIDENT (AS OF 1/22) 0.50 40.00 X X 0 0 0 JEFF RICCI TREASURER 0.50 0.00 X X 0 0 0 ERIC KELLY CHAIR 0.50 0.00 X X 0 0 0 PHIL BOYCE VICE CHAIR 0.50 0.00 X X 0 0 0 CHRISSY CHANG ALUMNI BOARD PRESIDENT 0.50 0.00 X 0 0 0 DAVID NEIGHBORS SPARTAN ATHLETICS BOARD 0.50 0.00 X 0 0 0 LES FRANCIS OFFICER EMERITUS 0.50 0.00 X 0 0 0 CONNIE MOORE FOUNDING/IMMEDIATE PAST CHAIR 0.50 0.00 X 0 0 0 COLLEEN B WILCOX DIRECTOR 0.50 0.00 X 0 0 0 DANA C DITMORE DIRECTOR 0.50 0.00 X 0 0 0 DAVID WENG DIRECTOR 0.50 0.00 X 0 0 0 EDWARD OATES DIRECTOR 0.50 0.00 X 0 0 0 GARY RADINE DIRECTOR 0.50 0.00 X 0 0 0 GARY J SBONA DIRECTOR 0.50 0.00 X 0 0 0 JOE PINTO DIRECTOR 0.50 0.00 X 0 0 0 JOHN W BAIRD DIRECTOR 0.50 0.00 X 0 0 0 MARKO TRAPANI DIRECTOR 0.50 0.00 X 0 0 0 PETER V UEBERROTH DIRECTOR 0.50 0.00 X 0 0 0 RICHARD CONNIFF DIRECTOR 0.50 0.00 X 0 0 0 STEVE CAPLAN DIRECTOR 0.50 0.00 X 0 0 0 WANDA HENDRIX DIRECTOR 0.50 0.00 X 0 0 0 WILLIAM E BARTON DIRECTOR 0.50 0.00 X 0 0 0 1999413 2402074 743305 9 0 1 0 HOPKINS & CARLEY 70 S 1ST STREET SAN JOSE CA 95113 LEGAL SERVICES 135229 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 ASSURANCE SERVICES 109938 2 14794585 1201833 14794585 ADMINISTRATION FEES 611710 4362352 4362352 REIMBURSEMENTS FROM SJSU/AUXILIAR 611710 565064 565064 4927416 1759045 1064201 694844 76614210 67025746 9588464 9588464 9588464 FLEX BENEFITS REVENUE 611710 1096745 1096745 TRANSFERS FROM AFFILIATES 611710 167095 167095 226478 226478 1490318 32559828 4927416 1064201 11773626 4161127 4161127 10276 10276 8139753 6906033 1233720 46145 23063 23082 1482911 1022582 460329 399875 346615 53260 187249 187249 317106 317106 824288 824288 1458276 1307561 150715 7297 6650 647 3430366 3333206 97160 32257 13083 19174 244070 239003 5067 456507 450572 5935 1107415 1107415 21755 21755 STUDENT SUPPORT 169144 169144 DUES AND SUBSCRIPTIONS 107807 97089 10718 TAXES AND LICENSES 69596 54025 15571 22673220 19247444 3425776 0 30630407 34041896 19843289 18548864 125353 5017474 0 21257489 42490 10920 20411961 0 20411961 173946574 167381342 26807187 2995519 11290384 9449022 1236047 1180258 263921731 280294745 536088 591478 0 42470000 3704084 3566139 4240172 46627617 X 259681559 233667128 0 0 0 0 259681559 233667128 263921731 280294745 X 9886608 -35859492 -41547 X X 0 1 X 1 0 X 21770909 17226056 14499094 18088607 14794585 86379251 21770909 17226056 14499094 18088607 14794585 86379251 4856191 81523060 3178424 3574984 3658769 2446752 694844 13553773 123021 688895 0 38118 875452 1725486 1490318 1490318 103148828 26384346 0.79030 0.80640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 197133502 -3628199 -25324813 799148 167381342 148747340 -49467 49150000 714369 197133502 153212206 -2921322 -910318 633226 148747340 150056030 -3686217 7429657 587265 153212206 142939572 -1251642 8987311 619210 150056030 0.14580 0.78751 0.06669 0 0 20411961 20411961 20411961 FUNDS HELD IN TRUST LIABILITY - CURRENT 152975 FUNDS HELD IN TRUST LIABILITY - NONCURRENT 1793920 DUE TO RELATED ORGANIZATIONS 1619244 3566139 X -3466752 -35859485 -35859485 32392733 167095 167095 32559828 22547670 -125550 -125550 22673220 0 22673220 PART V, LINE 4: THE FOUNDATION RECEIVES DONATIONS RESTRICTED TO ENDOWMENT BY DONORS. SUCH DONATIONS ARE INVESTED IN ACCORDANCE WITH THE FOUNDATION'S INVESTMENT POLICY. THE ENDOWMENT PORTFOLIO IS COMPRISED OF A BLEND OF INVESTMENTS AND IS PROFESSIONALLY MANAGED. THE FINANCE AND INVESTMENT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE INVESTMENT PORTFOLIO, MONITORING PERFORMANCE OF THE INVESTMENTS AND APPROVING NEW FUND MANAGERS. THE ENDOWMENT SUPPORTS A VAST ARRAY OF STUDENT SCHOLARSHIPS AS WELL AS VIBRANT PROGRAMS THROUGHOUT SAN JOSE STATE UNIVERSITY. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AS A NONPROFIT ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL INCOME TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. FORM 990, FILED BY THE FOUNDATION, IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: TRANSFERS TO AFFILIATES 167,095. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 41,545. TRANSFERS TO AFFILIATES -167,095. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 718225 0 0 0 0 0 0 718225 0 718225 1 0 0 1 0 0 PART III ACCOUNTING METHOD: 1 SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95192 770414438 4049992 96861 FMV GIFTS IN KIND SCHOLARSHIPS/AWARDS CSU MONTEREY BAY 100 CAMPUS CENTER SEASIDE CA 93955 911785970 11600 0 SCHOLARSHIPS 2 0 SCHOLARSHIPS/AWARDS 11 10276 PART I, LINE 2: THE TOWER FOUNDATION FUNDS SCHOLARSHIPS THAT ARE AWARDED TO STUDENTS OF SAN JOSE STATE UNIVERSITY (SJSU). THE SCHOLARSHIPS ARE DIRECTED BY SJSU'S FINANCIAL AID AND SCHOLARSHIP OFFICE AND ITS ATHLETICS DEPARTMENT, WHICH EVALUATE APPLICANTS TO ENSURE THEY MEET THE CRITERIA STIPULATED BY THE DONOR. THE REMAINING CASH GRANTS RELATE TO VARIOUS STUDENT AWARDS, OTHER THAN SCHOLARSHIPS, THAT ARE DISTRIBUTED AND MONITORED BY VARIOUS DEPARTMENTS OF SJSU. 0 0 0 0 0 0 0 0 0 BRENT BRENNAN HEAD COACH, FOOTBALL 1275638 326238 0 0 0 0 0 93112 0 28729 1275638 448079 0 0 TIMOTHY MILES HEAD COACH, MEN'S BASKETBALL 272762 212832 0 20000 0 0 0 37565 0 19153 272762 289550 0 0 DANIELE LECESNE COO/SECRETARY 0 197731 0 0 0 0 0 57979 0 8866 0 264576 0 0 ALISON MCKEE ACADEMIC SENATE CHAIR 0 122599 0 0 0 0 0 30212 0 18931 0 171742 0 0 VIRGINIA LEHMKUL DAKHWE STAFF/FACULTY REP 0 98704 0 0 0 0 0 30630 0 30883 0 160217 0 0 MARIE TUITE ATHLETICS DIRECTOR (UNTIL 8/26/21) 156290 177685 0 0 0 56713 0 52292 0 8209 156290 294899 0 0 KEVIN MCGIVEN ASSISTANT COACH, FOOTBALL 149587 201206 0 0 0 0 0 42808 0 37391 149587 281405 0 0 DERRICK ODUM ASSISTANT COACH, FOOTBALL 132136 215754 0 0 0 0 0 42967 0 29239 132136 287960 0 0 THERESA DAVIS CEO (UNTIL 5/31/22) 13000 262854 0 0 0 0 0 77707 0 21625 13000 362186 0 0 MARY PAPAZIAN PRESIDENT (UNTIL 12/31/21) 0 390787 0 0 0 118971 0 49370 0 25637 0 584765 0 0 PART I, LINE 3 THE ORGANIZATION'S CEO IS COMPENSATED BY SAN JOSE STATE UNIVERSITY (SJSU), A RELATED ORGANIZATION. SJSU ESTABLISHES THE COMPENSATION OF THE ORGANIZATION'S CEO BASED ON GUIDELINES OF THE UNIVERSITY AND THROUGH THE USE OF A COMPENSATION SURVEY OR STUDY. X 28 1201833 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 7A THE SAN JOSE STATE UNIVERSITY PRESIDENT, WHO IS A BOARD DIRECTOR OF THE FOUNDATION, HAS THE SOLE AUTHORITY TO APPOINT THE BOARD MEMBERS FOR THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE TOWER FOUNDATION'S AUDIT COMMITTEE REVIEWS THE 990 FORM IN DETAIL WITH TOWER MANAGEMENT. MINUTES KEPT FOR THE AUDIT COMMITTEE DOCUMENT THE PROCESS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND RELATED DISCLOSURE STATEMENT IS REVIEWED ON AN ANNUAL BASIS AT THE TOWER FOUNDATION AUDIT COMMITTEE MEETING IN SEPTEMBER. THE COMMITTEE RECOMMENDS ANY CHANGE TO THE POLICY AND DISCLOSURE FORM. THIS POLICY AND THE DISCLOSURE FORM ARE THEN PRESENTED AT THE DECEMBER MEETING TO TOWER BOARD MEMBERS. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE THE DISCLOSURE FORM AND THE FORMS ARE COLLECTED BY TOWER MANAGEMENT. IF THERE ARE ANY DISCLOSED CONFLICTS, THEY ARE ADDRESSED AT THE SUBSEQUENT AUDIT COMMITTEE MEETING AND PRESENTED TO THE BOARD AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO, OFFICERS AND KEY EMPLOYEES ARE GENERALLY COMPENSATED BY SAN JOSE STATE UNIVERSITY, A RELATED ORGANIZATION OF THE TOWER FOUNDATION. THEREFORE, THE TOWER FOUNDATION HAS NOT ESTABLISHED COMPENSATION POLICIES FOR THESE INDIVIDUALS. HOWEVER, SAN JOSE STATE UNIVERSITY DETERMINES COMPENSATION FOR THE TOWER FOUNDATION'S CEO, OFFICERS AND KEY EMPLOYEES BASED ON REVIEW AND APPROVAL BY INDEPENDENT PERSONS AND COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN D: CSU POLICY REQUIRES THAT STIPEND PAYMENTS BY AN AUXILIARY TO A CSU EMPLOYEE BE MADE THROUGH THE AUXILIARY'S PAYROLL. ACCORDINGLY, SOME PAYMENTS MADE TO UNIVERSITY EMPLOYEES ON BEHALF OF SJSU ARE REFLECTED AS COMPENSATION FROM THE TOWER FOUNDATION ON FORM 990, PART VII, SECTION A, LINE 1A, COLUMN D. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -41,547. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. SJSU TOWER REAL ESTATE FUND LLC ONE WASHINGTON SQUARE SAN JOSE CA 951920183 830403915 REAL ESTATE MANAGEMENT CA 0 0 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY HILO PROJECT LLC ONE WASHINGTON SQUARE SAN JOSE CA 951920183 263694655 HOUSING INVESTMENT HI 0 0 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95192 770414438 EDUCATION INSTITUTE CA 115 N/A 0 ASSOCIATED STUDENTS OF SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95192 941156305 AUX. SERVICES CA 501(C)(3) LINE 5 SAN JOSE STATE UNIVERSITY 1 SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION ONE WASHINGTON SQUARE SAN JOSE CA 95192 946017638 AUX. SERVICES CA 501(C)(3) LINE 7 SAN JOSE STATE UNIVERSITY 1 SPARTAN SHOPS INC SJSU ONE WASHINGTON SQUARE SAN JOSE CA 95192 941392424 AUX. SERVICES CA 501(C)(3) LINE 12A, I SAN JOSE STATE UNIVERSITY 1 STUDENT UNION OF SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95192 942830732 AUX. 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