2025-05-15T11:21:33-05:00 2024-06-30 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2023-07-01 946000669 THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY FRESNO AGRI 5592780800 2771 EAST SHAW AVENUE FRESNO CA 93710 PAT V RICCHIUTI CHAIRMAN 5592780800 2025-05-13 1 1 QI WEN LIANG P01270238 4159561500 2025-05-13 2023 2025-03-06 01:10:19Z PAT V RICCHIUTI 2771 EAST SHAW AVENUE FRESNO CA 93710 5594116 0 X HTTPS://AGF.FRESNOSTATE.EDU/INDEX.HTML X 1954 CA AGRICULTURAL EDUCATION AT CALIFORNIA STATE UNIVERSITY, FRESNO. 10 8 14 0 337129 0 358968 980300 240477 0 54921 73137 3204446 3367669 3858812 4421106 0 0 0 0 1820386 1636604 0 0 0 2130741 2255601 3951127 3892205 -92315 528901 5420684 6418233 669916 557910 4750768 5860323 AGRICULTURAL EDUCATION AT CALIFORNIA STATE UNIVERSITY, FRESNO. 0 0 3647665 0 0 VARIOUS AGRICULTURAL ENTERPRISES AND STUDENT PROJECTS ARE CARRIED OUT AT THE UNIVERSITY FARM AT CSUF EXCLUSIVELY FOR EDUCATIONAL PURPOSES. 3647665 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 7 0 1 14 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X NICOLE LANE 5592780860 2771 EAST SHAW AVENUE FRESNO CA 93701 DR SAUL JIMENEZ-SANDOVAL SECRETARY 5.00 40.00 X X 0 384809 149207 DEBORAH ADISHIAN-ASTONE EXECUTIVE DIRECTOR THRU 02/24 5.00 40.00 X 0 317292 144661 DR ROLSTON ST HILAIRE DIRECTOR 5.00 40.00 X 0 209100 86434 NICOLE LANE - ASSOCIATE EXEC DIR. THRU 02/24/EXEC. DIR. EFF 02/24 5.00 40.00 X 0 130698 89474 PAT V RICCHIUTI CHAIRMAN 5.00 0.00 X X 0 0 0 SARAH WOOLF VICE CHAIR 5.00 0.00 X X 0 0 0 DANIEL ERROTABERE TREASURER 5.00 0.00 X X 0 0 0 WILLIAM BOURDEAU DIRECTOR 5.00 0.00 X 0 0 0 JOE DEL BOSQUE DIRECTOR 5.00 0.00 X 0 0 0 RICHARD MATOIAN DIRECTOR 5.00 0.00 X 0 0 0 DIANNE NURY DIRECTOR 5.00 0.00 X 0 0 0 STEVE SHEHADEY DIRECTOR 5.00 0.00 X 0 0 0 0 1041899 469776 0 0 1 0 PACIFIC FARM MANAGEMENT PO BOX 239 MADERA CA 93639 LABOR 749072 TBE INC PO BOX 527 KINGSBURG CA 93631 LABOR 272877 CALIFORNIA STATE UNIVERSITY FRESNO ASSO 2771 EAST SHAW AVENUE FRESNO CA 93710 MANAGEMENT SERVICES 173692 SIMPLOT GROWER SOLUTIONS 7409 S MENDOCINO AVENUE PARLIER CA 93648 CONSULTATION 124383 4 980300 766427 980300 73137 73137 4536135 1173010 3363125 3025996 337129 FEDERAL SUBSIDIES 900099 4544 4544 4544 4421106 3025996 337129 77681 1508007 1508007 128597 128597 169454 169454 59 59 28093 28093 20151 20151 13342 7348 5994 124876 124876 327898 327898 68785 33660 35125 SUPPLIES 814768 814768 EQUIPMENT RENTAL & REPA 313707 313707 LIVESTOCK EXPENSES 133162 133162 HARVESTING 116338 116338 124968 119153 5815 3892205 3647665 244540 0 668150 570140 614200 637259 68000 34000 364877 487398 57571 50211 655104 703817 45 30 6676031 4485497 1341103 2190534 1248190 1359477 403444 385367 5420684 6418233 635127 520189 34789 37721 669916 557910 X 4424509 5536398 326259 323925 4750768 5860323 5420684 6418233 528901 111287 469367 0 X 0 1 X 1 0 X 778012 558101 621655 358968 980300 3297036 860676 860676 778012 558101 621655 358968 1840976 4157712 33916 4123796 52800 46306 49303 54921 73137 276467 50934 0 37432 0 0 88366 4544 4544 4527089 1236992 0.91090 0.97310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FEDERAL SUBSIDIES - 2023 AMOUNT: $ 4,544. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1248190 159295 48008 1359477 1166652 126532 44994 1248190 1253705 -39119 47934 1166652 977902 319972 44169 1253705 994436 23861 40395 977902 1.00000 0.00000 0.00000 1 0 4904816 3794409 1110407 1771215 691088 1080127 2190534 INVESTMENT IN GROWING CROPS 385367 385367 X 6874265 111287 1168862 1173010 2453159 4421106 0 4421106 6234077 1168862 1173010 2341872 3892205 0 3892205 PART V, LINE 4: THE BOARD DESIGNATED THE AGRICULTURAL FOUNDATION ENDOWMENT FUND AS A GENERAL ENDOWMENT FUND TO SUPPORT THE MISSION OF THE AGRICULTURAL FOUNDATION. PART X, LINE 2: THE AGRICULTURAL FOUNDATION IS EXEMPT FROM FEDERAL AND STATE OF CALIFORNIA INCOME TAX UNDER IRC SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701(D), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE AGRICULTURAL FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE AGRICULTURAL FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURES GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE AGRICULTURAL FOUNDATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,173,010. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,173,010. 0 0 0 0 0 0 0 0 0 DR SAUL JIMENEZ-SANDOVAL SECRETARY 0 384809 0 0 0 0 0 105600 0 43607 0 534016 0 0 DEBORAH ADISHIAN-ASTONE EXECUTIVE DIRECTOR THRU 02/24 0 317292 0 0 0 0 0 101533 0 43128 0 461953 0 0 DR ROLSTON ST HILAIRE DIRECTOR 0 209100 0 0 0 0 0 46733 0 39701 0 295534 0 0 NICOLE LANE - ASSOCIATE EXEC DIR. THRU 02/24/EXEC. DIR. EFF 02/24 0 130698 0 0 0 0 0 75428 0 14046 0 220172 0 0 X LIVESTOCK 12 721930 APPRAISAL X GRAPES FOR WINERY 11 24799 MARKET VALUE X LIVESTOCK FEED 2 12133 MARKET VALUE X COMPUTER/OFFICE EQUIPMNET 5 7565 COST 11 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS ON SCHEDULE M, PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE EXECUTIVE DIRECTOR AND ACCOUNTING MANAGER OF THE FRESNO ASSOCIATION REVIEW THE DRAFT VERSION OF THE TAX RETURN, WHICH THEN UNDERGOES A THOROUGH REVIEW AND APPROVAL PROCESS BY THE AUDIT COMMITTEE AND THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CODE OF CONDUCT POLICY IS ADHERED TO, AND CONFLICT OF INTEREST FORMS ARE COMPLETED ANNUALLY BY ALL BOARD MEMBERS, OFFICERS, REPRESENTATIVES, COMMITTEES, AFFILIATES OF THE AGRICULTURAL FOUNDATION, AND EMPLOYEES. THESE FORMS INCLUDE BOTH THE POLICY AND THE EDUCATION CODE. IN THE EVENT THAT A POTENTIAL OR ACTUAL CONFLICT OF INTEREST ARISES, A REVIEW AND DISCUSSION WILL BE CONDUCTED BY THE BOARD OR COMMITTEE TO DETERMINE THE MOST APPROPRIATE COURSE OF ACTION. IF A CONFLICT IS DISCOVERED, THE INTERESTED PERSON SHALL LEAVE THE ROOM. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 8: ON JULY 1, 2023, THE AGRICULTURAL FOUNDATION ELECTED TO CHANGE ITS ACCOUNTING POLICY FOR HOW IT VALUES THE CONTRIBUTIONS OF DONATED LIVESTOCK TO FOLLOW THE ACCOUNTING GUIDANCE IN ACCOUNTING STANDARDS CODIFICATION TOPIC 958-605 REVENUE RECOGNITION WHICH REQUIRES CONTRIBUTIONS OF NON-FINANCIAL ASSETS BE VALUED AT FAIR VALUE. PREVIOUSLY, THE AGRICULTURAL FOUNDATION HAD RECORDED THESE CONTRIBUTIONS AT A STANDARD RATE. THE IMPACT OF THE CHANGE IN VALUATION OF PREVIOUSLY DONATED LIVESTOCK RESULTED IN A PRIOR PERIOD ADJUSTMENT TO THE AGRICULTURAL FOUNDATION'S BEGINNING NET ASSETS IN THE AMOUNT OF $469,367. CALIFORNIA STATE UNIVERSITY FRESNO 5241 N MAPLE AVENUE FRESNO CA 93740 946001347 UNIVERSITY CA 115 N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 CALIFORNIA STATE UNIVERSITY FRESNO Q 23741 AUDIT REPORT CALIFORNIA STATE UNIVERSITY FRESNO P 121702 AUDIT REPORT