2019-05-10T18:30:12-05:00 2018-06-30 420714325 RSM US LLP 1145 BROADWAY PLAZA SUITE 900 TACOMA WA 98402 990 2017-07-01 830403915 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY TOWE 4089241765 ONE WASHINGTON SQUARE SAN JOSE CA 951920183 LESLIE ROHN COO 4089241765 2019-05-09 1 CHRISTY ENGELMANN P00745224 2535727111 108.171.130.186 2019-05-09 16:15:57 PD P 9582F2578CCAF8572DF270660F1813ECCE62FE28 94D6BEDF25FEFF399B8FEB0FA7660B4676B2EA3F 2017 2019-02-21 02:37:17Z LESLIE ROHN ONE WASHINGTON SQUARE SAN JOSE CA 951920183 82774678 0 X WWW.SJSU.EDU/TOWERFOUNDATION X 2004 CA ASSISTANCE TO ACADEMIC PROGRAMS & FACILITIES, STUDENT SCHOLARSHIPS, FACULTY, & ATHLETICS PROGRAMS 25 19 552 19 0 -43337 21928334 21770909 2674732 3241855 7434272 9307026 951765 1274791 32989103 35594581 7189553 6163379 0 0 6108928 6657392 0 0 0 18146477 17239988 31444958 30060759 1544145 5533822 202905479 208610527 1938379 1559400 200967100 207051127 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 27536449 6163379 4350288 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. 27536449 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 112 0 1 552 1 0 0 0 0 0 1 1 0 0 0 0 0 X 25 19 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X LESLIE ROHN 4089241765 ONE WASHINGTON SQUARE SAN JOSE CA 951920183 X ALLISON BRICENO DIRECTOR 0.50 40.00 X 1607 74895 38821 CHARLES W DAVIDSON DIRECTOR 0.50 X 0 0 0 COLLEEN B WILCOX DIRECTOR 0.50 X 0 0 0 CONSTANCE B MOORE CHAIRMAN OF THE BOARD 0.50 X 0 0 0 DANA C DITMORE DIRECTOR 0.50 X 0 0 0 DAVE DONAHUE EX OFFICIO 0.50 X 0 0 0 DAVID WENG DIRECTOR 0.50 X 0 0 0 DONALD L LUCAS UNTIL OCT'17 DIRECTOR 0.50 X 0 0 0 EDWARD OATES DIRECTOR 0.50 X 0 0 0 ERIC KELLY DIRECTOR 0.50 X 0 0 0 GARY D RADINE DIRECTOR 0.50 20.00 X 0 43116 830 GARY J SBONA DIRECTOR 0.50 X 0 0 0 HARRIETT ARNOLD EX OFFICIO 0.50 X 0 0 0 JAMES JIMENEZ DIRECTOR 0.50 X 0 0 0 JEFF RICCI DIRECTOR 0.50 X 0 0 0 JENNY MING DIRECTOR 0.50 X 0 0 0 JOE PINTO DIRECTOR 0.50 X 0 0 0 JOHN W BAIRD DIRECTOR 0.50 X 0 0 0 JOSEPH P PARISI UNTIL NOV'17 DIRECTOR 0.50 X 0 0 0 LESLIE C FRANCIS DIRECTOR 0.50 X 0 0 0 MARY PAPAZIAN EX OFFICIO, PRESIDENT 0.50 40.00 X 0 382838 131566 PAUL LANNING CEO 40.00 X X 0 225946 79430 PETER V UEBERROTH DIRECTOR 0.50 X 0 0 0 PHILLIP R BOYCE DIRECTOR 0.50 X 0 0 0 RICHARD CONNIFF DIRECTOR 0.50 X 0 0 0 SERGIO LANDAVERDE DIRECTOR 20.00 X 4989 0 0 STEFAN FRAZIER EX OFFICIO 0.50 40.00 X 0 89313 45454 STEPHEN H CAPLAN DIRECTOR 0.50 X 0 0 0 WANDA HENDRIX DIRECTOR 0.50 X 0 0 0 WILLIAM E BARTON DIRECTOR 0.50 X 0 0 0 LESLIE ROHN SECRETARY & COO 40.00 X 0 152014 55171 BRENT BRENNAN HEAD COACH, FOOTBALL 0.00 40.00 X 304356 270951 100285 MARIE TUITE ATHLETICS DIRECTOR 0.00 40.00 X 161108 228124 84285 DAVID WOJCIK UNTIL JUL'17 HEAD COACH, BASKETBALL 0.00 40.00 X 173765 216092 62020 EUGENE BLEYMAIER EX-ATHLETICS DIRECTOR 0.00 0.00 X 146649 180772 43496 RONALD CARAGHER EX HEAD COACH, FOOTBALL 0.00 X 574539 0 0 1367013 1864061 641358 8 1 1 0 SPARTAN SPORTS LLC 216 W LATIMER AVE CAMPBELL CA 95008 CONSTRUCTION 1700000 FINANCIAL ADMINISTRATIVE SUPPORT SERVICE 3180 NEWBERRY DRIVE SUITE 200 SAN JOSE CA 95118 ACCOUNTING 240000 PARSLEY SAGE ROSEMARY AND THYME INC 795 SOUTH SECOND STREET SAN JOSE CA 95112 CATERING 167481 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CAMPAIGN CONSULTING 107836 PLUSDELTA PARTNERS 6965 EL CAMINO REAL SUITE 105-488 CARLSBAD CA 92009 FUNDRAISING TRAINING/ COACHING 100287 5 49427 312106 21409376 1014196 21770909 ADMINISTRATION FEE 611170 3241855 3241855 3241855 3178424 3178424 53171823 47043221 6128602 6128602 6128602 303234 49427 136876 166358 166358 OTHER 611170 1108433 1108433 1108433 35594581 4350288 0 9473384 6156134 6156134 7245 7245 7241 7241 4322493 3433280 889213 74026 34130 39896 1853982 1229082 624900 399650 338655 60995 24799 12074 12725 366875 366875 641442 641442 1205872 1123988 81884 8403 7029 1374 7562771 7336334 226437 78334 34198 44136 621833 610092 11741 689582 689582 2227463 2227463 16147 1922 14225 ADMINISTRATION FEE 3241860 3115235 126625 DUES & SUBSCRIPTIONS 409705 400414 9291 STUDENT SUPPORT & INCEN 123517 123517 TAXES & LICENSES 21385 14633 6752 30060759 27536449 2524310 0 23874991 22673702 27659515 27178565 144714 0 2830869 2178409 115451 235203 109601542 92200053 33822525 58411906 4147068 4789925 708804 942764 202905479 208610527 1384815 1276148 553564 283252 1938379 1559400 X 7814028 6094977 86274842 89033257 106878230 111922893 200967100 207051127 202905479 208610527 X 5533822 577112 -26907 X X 0 1 X 1 0 X 15521255 15291809 40854387 21928335 21770909 115366695 15521255 15291809 40854387 21928335 21770909 115366695 7184476 108182219 2776170 2526429 2490582 2549076 3178424 13520681 137710 34985 -40333 166357 298719 129186095 18865645 0.83740 0.79690 X 142939572 -1251642 8987311 619210 150056030 125627222 969552 16896637 553839 142939572 120043749 7852326 1778843 490009 125627222 117679105 1722517 1108824 466697 120043749 98282638 2878179 16867445 349157 117679105 0.18010 0.74590 0.07400 0 0 0 IVA INTERNATIONAL FUND-I 12502008 F FPA CRESCENT FUND 22061050 F VAUGHAN NELSON 11529630 F DODGE & COX 12319218 F 58411906 FUNDS HELD IN TRUST LIABILITY - CURRENT 42040 FUNDS HELD IN TRUST LIABILITY - NONCURRENT 241212 283252 36130707 577112 136875 713987 35416720 177861 177861 35594581 30046680 163782 163782 29882898 177861 177861 30060759 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 136,876. ROUNDING -1. PART XI, LINE 4B - OTHER ADJUSTMENTS: MISC NONCASH GIFTS 177,861. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 136,876. UNCOLLECTIBLE PLEDGES 26,906. PART XII, LINE 4B - OTHER ADJUSTMENTS: MISC NONCASH GIFTS 177,861. 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. PART X, LINE 2: ALTHOUGH THERE WAS NO FORMAL FOOTNOTE RELATED TO ASC 740 IN THE FINANCIAL STATEMENT, MANAGEMENT DETERMINED AND ITS AUDITORS CONFIRMED THAT NO ASC 740 LIABILITIES EXISTED AT YEAR END. CAYMAN ISLANDS 0 0 INVESTMENTS 793413 0 0 0 0 0 0 793413 0 793413 1 0 0 1 0 0 MTI BANQUET 94810 0 94810 0 0 2352 14199 300 1232 PRESIDENT'S CUP 89795 48770 41025 0 10367 12300 13495 0 750 8 168056 657 167399 0 8580 27292 29882 800 15327 352661 49427 303234 18947 41944 57576 1100 17309 136876 166358 1 SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95912 770414438 3448268 SCHOLARSHIPS AND REIMBURSED SALARIES AND BENEFITS CSU MONTEREY BAY 100 CAMPUS CENTER SEASIDE CA 93955 17250 SCHOLARSHIPS 2 SCHOLARSHIPS 12 7245 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 AMOUNT OF SCHOLARSHIPS AWARDED BY SJSU'S FINANCIAL AID AND SCHOLARSHIP OFFICE AND FUNDED BY THE TOWER FOUNDATION WAS $3,972,449. ADDITIONALLY, THE TOWER FOUNDATION REIMBURSES SJSU FOR CERTAIN SALARIES AND BENEFITS PAID TO UNIVERSITY PERSONNEL. THE AMOUNT OF FUNDS GRANTED TO SJSU FOR THIS PURPOSE DURING THE FISCAL YEAR REPORTED ON THIS RETURN WAS $2,304,957. X X 1 1 1 0 0 0 0 0 0 0 0 MARY PAPAZIAN EX OFFICIO, PRESIDENT 0 368606 0 0 0 14232 0 102896 0 28670 0 514404 0 0 PAUL LANNING CEO 0 224608 0 0 0 1338 0 62053 0 17377 0 305376 0 0 LESLIE ROHN SECRETARY & COO 0 151756 0 0 0 258 0 42789 0 12382 0 207185 0 0 BRENT BRENNAN HEAD COACH, FOOTBALL 304356 269376 0 0 0 1575 0 74754 0 25531 304356 371236 0 0 MARIE TUITE ATHLETICS DIRECTOR 113608 226528 47500 0 0 1596 0 62970 0 21315 161108 312409 0 0 DAVID WOJCIK UNTIL JUL'17 HEAD COACH, BASKETBALL 168765 165731 5000 0 0 50361 0 44920 0 17100 173765 278112 0 0 EUGENE BLEYMAIER EX-ATHLETICS DIRECTOR 53018 138206 93631 0 0 42566 0 32268 0 11228 146649 224268 0 0 RONALD CARAGHER EX HEAD COACH, FOOTBALL 574539 0 0 0 0 0 0 0 0 0 574539 0 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. PART I, LINE 4A: THE FOLLOWING PEOPLE RECEIVED SEVERANCE PAYMENTS: RONALD CARAGHER, EX FOOTBALL HEAD COACH - $574,539 EUGENE BLEYMAIER, EX ATHLETICS DIRECTOR - $370,917 X 17 2287 FAIR MARKET VALUE X 26 FAIR MARKET VALUE X 892 FAIR MARKET VALUE X 1 4990 FAIR MARKET VALUE X 21 388656 STOCK MARKET QUOTES X 2 447679 FAIR MARKET VALUE X 18 2316 FAIR MARKET VALUE X AUCTION ITEMS 51 75390 FAIR MARKET VALUE X EQUIPMENT 33 61450 FAIR MARKET VALUE X INSTRUMENTS 1 25000 FAIR MARKET VALUE X GIFT CERT 23 4465 FAIR MARKET VALUE X TICKETS 3 1045 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: ORGANIZATION USED REAL ESTATE AGENT TO SELL CONTRIBUTED REAL ESTATE ASSET. 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. THE 990 IS DISTRIBUTED TO THE FULL BOARD PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. MINUTES KEPT FOR THE AUDIT COMMITTEE AND BOARD OF DIRECTORS 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 NOVEMBER. 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: UNCOLLECTED PLEDGES -26,906. ROUNDING -1. 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. 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