2022-05-16T15:43:02-05:00 2021-06-30 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 990 2020-07-01 956196006 CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION CALI 8186774657 18111 NORDHOFF STREET NORTHRIDGE CA 913308296 IRA UNTERMAN CFO 8186774657 2022-05-11 1 IRA UNTERMAN 999009999 LISA M CUMMINGS CPA P00043433 9164429100 2022-05-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ROBERT GUNSALUS 18111 NORDHOFF STREET NORTHRIDGE CA 913308296 149967732 0 X WWW.CSUN.EDU/FOUNDATION X 1995 CA SUPPORT AND ENHANCE THE VISION, MISSION, AND VALUES OF CALIFORNIA STATE UNIVERSITY, NORTHRIDGE 36 29 0 50 0 0 14361871 65313565 784672 960235 4776076 3857726 222151 71057 20144770 70202583 3289409 3069282 0 0 3988841 3245011 25000 0 629753 6489463 5511015 13792713 11825308 6352057 58377275 204700858 300894352 404642 800869 204296216 300093483 TO SUPPORT AND ENHANCE THE VISION, MISSION AND VALUES OF CALIFORNIA STATE UNIVERSITY, NORTHRIDGE BY RAISING, INVESTING, AND MANAGING PRIVATE PHILANTHROPIC GIFTS TO BENEFIT THE UNIVERSITY 0 0 9666002 3069282 1031292 CALIFORNIA STATE UNIVERSITY, NORTHRIDGE FOUNDATION (THE FOUNDATION) SERVES AS AN AUXILIARY ORGANIZATION TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE WITH A GOAL OF FURTHERING THE PURPOSES AND OBJECTIVES OF THE UNIVERSITY. THE FOUNDATION'S MAIN FUNCTION IS TO ADMINISTER THE RECEIPT AND DISBURSEMENT OF GIFTS, GRANTS, CONTRACTS, BEQUESTS, AND TRUSTS FROM VARIOUS DONORS TO DIFFERENT DEPARTMENTS OF THE UNIVERSITY. THE FOUNDATION ALSO ASSISTS THE UNIVERSITY IN VARIOUS ACTIVITIES, INCLUDING ACCUMULATION AND MANAGEMENT OF LIFE INCOME, ANNUITY AND STUDENT SCHOLARSHIP FUNDS, AND ADMINISTERING FUNDS FOR VARIOUS EDUCATION-RELATED FUNCTIONS, SPECIAL PROGRAMS, AND OTHER ACTIVITIES. 9666002 1 1 0 0 0 0 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 99 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 X 36 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X IRA N UNTERMAN CHIEF FINANCIAL OF 8186774657 18111 NORDHOFF STREET NORTHRIDGE CA 913308296 ALAN I ABRAMSON DIRECTOR 1.00 X 0 0 0 BARBARA L LEVY DIRECTOR 1.00 X 0 0 0 CARSON E SCHREIBER DIRECTOR 1.00 X 0 0 0 CARY J LEFTON DIRECTOR 1.00 X 0 0 0 COLIN J DONAHUE DIRECTOR 1.00 39.00 X 0 282175 110833 DANIEL M CHERNOW DIRECTOR 1.00 X 0 0 0 DAVID P MALONE DIRECTOR 2.00 X 0 0 0 DAVID W FLEMING OUTGOING DIRECTOR 1.00 X 0 0 0 DEION J TURNER DIRECTOR (STUDENT REPRESENTATIVE) 1.00 18.00 X 0 11371 0 DENNIS J DEYOUNG DIRECTOR 2.00 X 0 0 0 DIANE S MANZELLA DIRECTOR 1.00 X 0 0 0 DIANNE F HARRISON OUTGOING DIRECTOR / UNIV PRES 3.00 37.00 X X 0 388986 137385 ERIKA D BECK DIRECTOR / UNIVERSITY PRESIDENT 3.00 37.00 X X 0 0 0 HONEY K AMADO DIRECTOR 1.00 X 0 0 0 IRA N UNTERMAN DIRECTOR / CFO / SECRETARY 15.00 25.00 X X 0 147978 75834 IVAN L AXELROD DIRECTOR 1.00 X 0 0 0 JOHN J HARRIS DIRECTOR 1.00 X 0 0 0 JOHN R GOLISCH OUTGOING DIRECTOR 1.00 X 0 0 0 KEITH E WEAVER DIRECTOR 1.00 X 0 0 0 LESLIE S CUTLER DIRECTOR 1.00 X 0 0 0 MAITE IRAKOZE BAUR DIRECTOR 2.00 X 0 0 0 MARY BETH WALKER DIRECTOR 1.00 39.00 X 0 298258 115807 MICHAEL G NEUBAUER DIRECTOR (FACULTY REPRESENTATIVE) 1.00 39.00 X 0 157257 66390 MILTON G VALERA DIRECTOR 1.00 X 0 0 0 PATRICIA A MALONEY DIRECTOR 1.00 X 0 0 0 PAUL S JENNINGS DIRECTOR 1.00 X 0 0 0 PRISCILLA A MOYER DIRECTOR 1.00 X 0 0 0 RAVI K SAWHNEY DIRECTOR 1.00 X 0 0 0 RICHARD H SCHWEITZER DIRECTOR 1.00 X 0 0 0 ROBERT D GUNSALUS OUTGOING DIRECTOR/FOUND PRES 10.00 30.00 X X 0 269886 106469 ROBERT D TAYLOR DIRECTOR / BOARD CHAIR 3.00 X X 0 0 0 ROBERT M MYMAN DIRECTOR / IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 ROSELVA MERIDA DIRECTOR (STUDENT REPRESENTATIVE) 1.00 18.00 X 0 29917 0 RUTH A HARRIS DIRECTOR 1.00 X 0 0 0 SCOTT J WEISS DIRECTOR 1.00 X 0 0 0 SILVIA BIZIO DIRECTOR 1.00 X 0 0 0 STUART T WALDMAN DIRECTOR 1.00 X 0 0 0 SUSANA M ZIARATI DIRECTOR 1.00 X 0 0 0 THOR STEINGRABER DIRECTOR / FOUNDATION PRESIDENT 10.00 30.00 X X 0 217221 76144 WENDY J GREUEL DIRECTOR 2.00 38.00 X 0 120000 1150 0 1923049 690012 0 0 1 0 GOLDMAN SACHS 2121 AVENUE OF THE STARS 26TH FLOO LOS ANGELES CA 90067 INVESTMENT MANAGEMENT 636452 1 65313565 2754381 65313565 PROGRAM INCOME 900099 960235 960235 960235 3733946 3733946 79888929 79765149 123780 123780 123780 MISCELLANEOUS REVENUE 900099 71057 71057 71057 70202583 1031292 0 3857726 3018504 3018504 50778 50778 2494047 2051279 328500 114268 685061 563442 90232 31387 65903 54204 8680 3019 636452 636452 15136 11498 784 2854 56201 42691 2912 10598 1123190 862146 56169 204875 442530 416905 1470 24155 631539 343126 137827 150586 379129 318487 32835 27807 186793 186793 12586 12449 137 34238 26008 1774 6456 BAD DEBT EXPENSE 858018 858018 PROGRAM COSTS 364148 360167 223 3758 DUES & SUBSCRIPTIONS 304061 283095 3876 17090 CONTRIBUTED GOODS EXP 178798 178798 288196 249180 6253 32763 11825308 9666002 1529553 629753 4535088 8851598 2087236 42977599 17035038 19873130 16503 49665 426939 463132 157234763 198423500 17929165 24459266 5436126 5796462 204700858 300894352 267156 655515 137486 145354 404642 800869 X 35321812 88611005 168974404 211482478 204296216 300093483 204700858 300894352 58377275 37419992 0 X X 0 1 X 1 0 X 16949024 23929479 15506125 14361871 65313565 136060064 16949024 23929479 15506125 14361871 65313565 136060064 55810176 80249888 2725862 3191707 4346045 4883991 3733946 18881551 399240 362240 356667 176572 71057 1365776 156307391 3290601 0.51340 0.64120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 188,582. 2018 AMOUNT: $ 187,890. 2019 AMOUNT: $ 143,169. 2020 AMOUNT: $ 71,057. GROSS INCOME FROM FUNDRAISING EVENTS - 2016 AMOUNT: $ 399,240. 2017 AMOUNT: $ 173,658. 2018 AMOUNT: $ 168,777. 2019 AMOUNT: $ 33,403. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43100 3386739 X X 0 129849676 13083952 24662954 4079155 163517427 126227225 6571246 1422184 4370979 129849676 118059370 5801173 6611749 4245067 126227225 99108025 16766736 5673892 3489283 118059370 85843693 8276590 8557539 3569797 99108025 0.03520 0.66740 0.29740 0 0 0 LIMITED PARTNERSHIPS 24459266 F 24459266 DUE TO RELATED PARTIES 145354 145354 X 106986123 37419992 37419992 69566131 636452 636452 70202583 11188856 0 11188856 636452 636452 11825308 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH CONTRIBUTIONS SINCE THE FOUNDATION'S INCEPTION, ARE RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION WITHIN OTHER ASSETS. THE FOUNDATION'S COLLECTIONS ARE MADE UP OF ART AND ARTIFACTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. DURING THE YEAR ENDED JUNE 30, 2021, THE FOUNDATION RECEIVED ART WHICH WAS APPRAISED AT $43,100. PART III, LINE 4: THE FOUNDATION'S COLLECTIONS ARE MADE UP OF ART AND ARTIFACTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES, FURTHERING THE PURPOSES AND OBJECTIVES OF THE UNIVERSITY. PART V, LINE 4: ENDOWMENTS ARE USED FOR SCHOLARSHIPS AND ACADEMIC AND UNIVERSITY SUPPORT AS SPECIFIED BY THE DONORS. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE REVENUE TAXATION CODE OF CALIFORNIA. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2021. THE FOUNDATION'S FEDERAL INCOME TAX RETURNS FOR FISCAL YEARS 2020, 2019 AND 2018 REMAIN OPEN. THE FOUNDATION'S STATE INCOME TAX RETURNS FOR FISCAL YEARS 2020, 2019, 2018 AND 2017 REMAIN OPEN. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF INCOME TAX EXPENSE AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. 1 CALIFORNIA STATE UNIVERSITY NORTHRIDGE 18111 NORDHOFF STREET NORTHRIDGE CA 91330 954358677 501(C)(3) 2987456 31048 PURCHASE PRICE EQUIPMENT STUDENT SCHOLARSHIPS & STIPENDS, CAPITAL PROJECTS 1 0 AWARDS 54 50778 PART I, LINE 2: THE GRANTS PAID TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE ("THE UNIVERSITY") AND TO INDIVIDUALS ARE SCHOLARSHIPS FOR STUDENTS. THE SCHOLARSHIPS ARE AWARDED ON A COMPETITIVE BASIS AND, IN MOST CASES, DO NOT NEED TO BE REPAID. THE SCHOLARSHIPS CAN BE BASED UPON ACADEMIC ACHIEVEMENT, TALENT, NEED, OR OTHER DONOR INTERESTS, SUCH AS A STUDENT'S MAJOR AND GOALS. THE FINANCIAL AID DEPARTMENT OF THE UNIVERSITY MAINTAINS RECORDS ON ELIGIBILITY OF SCHOLARSHIPS. SCHOLARSHIPS PAID TO STUDENTS DIRECTLY BY THE FOUNDATION ARE COORDINATED WITH THE UNIVERSITY AND REPORTED TO THE FINANCIAL AID DEPARTMENT. 0 0 0 0 0 0 0 0 0 DIANNE F HARRISON OUTGOING DIRECTOR / UNIV PRES 0 373938 0 0 0 15048 0 114251 0 23134 0 526371 0 0 MARY BETH WALKER DIRECTOR 0 297862 0 0 0 396 0 90642 0 25165 0 414065 0 0 COLIN J DONAHUE DIRECTOR 0 281917 0 0 0 258 0 85532 0 25301 0 393008 0 0 ROBERT D GUNSALUS OUTGOING DIRECTOR/FOUND PRES 0 260748 0 0 0 9138 0 79486 0 26983 0 376355 0 0 THOR STEINGRABER DIRECTOR / FOUNDATION PRESIDENT 0 217083 0 0 0 138 0 65727 0 10417 0 293365 0 0 IRA N UNTERMAN DIRECTOR / CFO / SECRETARY 0 147720 0 0 0 258 0 46151 0 29683 0 223812 0 0 MICHAEL G NEUBAUER DIRECTOR (FACULTY REPRESENTATIVE) 0 157257 0 0 0 0 0 41362 0 25028 0 223647 0 0 PART I, LINE 3 THE COMPENSATION OF THE FACULTY AND STAFF ARE DETERMINED BY POLICIES AND PROCEDURES APPROVED BY THE TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY AND IMPLEMENTED AT THE CAMPUS UNDER THE DIRECTION OF THE PRESIDENT OF THE UNIVERSITY, WHO IS A MEMBER OF THE BOARD. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY. X 3 45500 FMV X FMV X 13 FMV X 71 72935 FMV X 30 2459548 FMV X 2 46863 FMV X ACADEMIC SUPPLIES 6 84872 FMV X EVENT SUPPLIES 13 26367 FMV X CLOTHING/HH GOODS 7 11894 X AUCTION ITEMS 38 6389 FMV 2 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). PART I, LINE 32B: FOR CARS, THE ORGANIZATION UTILIZES A THIRD PARTY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE MEMBERS OF THE AUDIT COMMITTEE. THE TAX RETURN IS ALSO DISTRIBUTED IN ITS ENTIRETY TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE REVIEW OF THE ANNUAL CONFLICT OF INTEREST STATEMENTS. IN THIS CAPACITY, ANY CONFLICT WOULD BE INVESTIGATED, DISCUSSED, AND REVIEWED FOR REFERRAL TO THE EXECUTIVE COMMITTEE. ANY MEMBER OF THE BOARD WITH A CONFLICT IS EXPECTED TO RECUSE THEMSELVES FROM ANY DECISIONS IN WHICH THE CONFLICT IS APPARENT. CONFLICTS ARE ALSO MONITORED AND DISCLOSED AT THE COMMITTEE LEVEL AS NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAINTAINS A WEBSITE AT WHICH INDIVIDUALS CAN ACCESS COPIES OF PERTINENT DOCUMENTS RELATED TO THE OPERATION OF THE FOUNDATION, INCLUDING FINANCIAL STATEMENTS, AUDIT REPORTS, AND TAX RETURNS. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESSES FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PREVIOUS YEAR. CALIFORNIA STATE UNIVERSITY NORTHRIDGE 18111 NORDHOFF STREET NORTHRIDGE CA 91330 954358677 ACCREDITED PUBLIC UNIVERSITY CA 115 N/A N/A 0 NORTH CAMPUS - UNIVERSITY PARK DEVELOPMENT CORPORATION 18111 NORDHOFF STREET NORTHRIDGE CA 91330 954115921 RENTAL INCOME AND LICENSING FEES FROM NORTH CAMPUS FACILITIES CA 501(C)(3) LINE 12C, III-FI N/A 0 ASSOCIATED STUDENTS INC 18111 NORDHOFF STREET NORTHRIDGE CA 91330 951992734 CREATE AND ENHANCE A SPIRITED LEARNING-FOCUSED CAMPUS ENVIRONMENT CA 501(C)(3) LINE 12C, III-FI N/A 0 UNIVERSITY STUDENT UNION 18111 NORDHOFF STREET NORTHRIDGE CA 91330 237321859 EXPANDS THE COLLEGE EXPERIENCE THROUGH VARIOUS PROGRAMS AND SERVICES CA 501(C)(3) LINE 12C, III-FI N/A 0 THE UNIVERSITY CORPORATION 18111 NORDHOFF STREET NORTHRIDGE CA 91330 951992732 SUPPORTING ORGANIZATION FOR CSU NORTHRIDGE CA 501(C)(3) LINE 12C, III-FI N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0