THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY (EIN 83-0403915)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-04-26
- IRS object ID
- 201101169349300025
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-04-26T18:09:30-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sensiba San Filippo LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18625 Sutter Blvd Suite 600 | AddressLine1 |
| City | Morgan Hill | City |
| State | CA | State |
| ZIP Code | 95037 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 830403915 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Tower Foundation of San Jose State University | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TOWE | NameControl |
| Phone | 4089241765 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Washington Square | AddressLine1 |
| City | San Jose | City |
| State | CA | State |
| ZIP Code | 951920256 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Leslie Rohn | Name |
| Title | Interim COO | Title |
| Phone | 4089241765 | Phone |
| Date Signed | 2011-04-25 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | E Patricia Chantler | Name |
| Phone | 4087768900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Leslie Rohn | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Washington Square | AddressLine1 |
| City | San Jose | City |
| State | CA | State |
| ZIP Code | 951920256 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 65643375 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.sjsu.edu/towerfoundation | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2004 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | Assistance to academic programs & facilities, student scholarships, faculty, & athletics programs. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 273 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 9072264 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 9156417 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1128293 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1314812 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -3553389 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1650731 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 11756 | OtherRevenuePriorYear |
| Other Revenue Current Year | -29638 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6658924 | TotalRevenuePriorYear |
| Total Revenue Current Year | 12092322 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 685504 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 898263 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7539259 | OtherExpensePriorYear |
| Other Expenses Current Year | 6559758 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 8224763 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7458021 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1565839 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4634301 | RevenuesLessExpensesCY |
| Total Assets BOY | 83142384 | TotalAssetsBOY |
| Total Assets EOY | 92251696 | TotalAssetsEOY |
| Total Liabilities BOY | 1454765 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1288145 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 81687619 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 90963551 | NetAssetsOrFundBalancesEOY |
| Mission Description | The Tower Foundations 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 6654317 | Expense |
| Grants | 898263 | Grants |
| Revenue | 1314812 | Revenue |
| Description | 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, and athletics programs. | Description |
| Total Program Service Expense | 6654317 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 80 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 2 | NumberW2GIncluded |
| Number Of Employees | 273 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 1 | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 1 | NumberOf8282Filed |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Leslie Rohn | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4089241508 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Washington Square | AddressLine1 |
| City | San Jose | City |
| State | CA | State |
| ZIP Code | 951920183 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Irene Baba | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Larry Boucher | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Tom Bowen | ||||||
| Ex Officio | 0.50 | X | 0 | 0 | 0 | |
| Phil Boyce | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | X |
| Steve Caplan | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Sandy Chau | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Jeff Clarke | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Chuck Davidson | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Dana Ditmore | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Les Francis | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Wanda Ginner | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Wanda Hendrix | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| James Jimenez | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Gary Kalbach | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Cindy Lazares | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Rose Lee | ||||||
| Ex Officio | 0.50 | X | 0 | 0 | 0 | |
| Don Lucas | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Constance Moore | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Fred Najjar | ||||||
| Ex Officio | 0.50 | X | 0 | 0 | 0 | |
| Ed Oates | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Gary Sbona | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | X |
| Carmen Sigler | ||||||
| Ex Officio | 0.50 | X | 0 | 0 | 0 | |
| Peter Ueberroth | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Jon Whitmore | ||||||
| Ex Officio | 0.50 | X | 0 | 0 | 0 | |
| John Gibbs | ||||||
| Ex Officio | 0.50 | X | 0 | 0 | 0 | |
| Brad Zaro | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Nancy Bussani | ||||||
| Chief operating officer | 4.00 | 0 | 0 | 0 | X | |
| Leslie Rohn | ||||||
| Controller | 40.00 | 0 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 40950 | FundraisingEvents |
| All Other Contributions | 9115467 | AllOtherContributions |
| Noncash Contributions | 4392189 | NoncashContributions |
| Total Contributions | 9156417 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Administration fee | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 1314812 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1314812 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1314812 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1490439 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1490439 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 53148172 | Securities |
| Other | 520985 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 52936415 | Securities |
| Other | 572450 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 211757 | Securities |
| Other | -51465 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 160292 | TotalRevenueColumn |
| Related Or Exempt Function Income | 160292 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 12550 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 40950 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 42188 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -29638 | TotalRevenueColumn |
| Related Or Exempt Function Income | -29638 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12092322 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2935905 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 898263 | Total |
| Program Services | 898263 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Academic Support | 3075992 | 3075992 | |
| Instruction | 1195040 | 1195040 | |
| Student services | 813171 | 813171 | |
| Auxiliary Enterprise Ex | 799641 | 799641 | |
| Institutional support | 671851 | 671851 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4063 | Total |
| Management And General | 4063 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7458021 | Total |
| Program Services | 6654317 | ProgramServices |
| Management And General | 803704 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13311719 | BOY |
| EOY | 14075258 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27370980 | BOY |
| EOY | 21014247 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42803 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1296 | BOY |
| EOY | 32880 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26250705 | BOY |
| EOY | 35894351 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15530010 | BOY |
| EOY | 20535967 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 395333 | BOY |
| EOY | 445333 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 239538 | BOY |
| EOY | 253660 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83142384 | BOY |
| EOY | 92251696 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 243922 | BOY |
| EOY | 146042 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 215323 | BOY |
| EOY | 224899 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 995520 | BOY |
| EOY | 917204 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1454765 | BOY |
| EOY | 1288145 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3431134 | BOY |
| EOY | 4629052 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37672554 | BOY |
| EOY | 36432445 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40583931 | BOY |
| EOY | 49902054 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81687619 | BOY |
| EOY | 90963551 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83142384 | BOY |
| EOY | 92251696 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 45334751 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 37231293 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 17760201 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 9072264 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9156417 | CurrentTaxYear |
| Total | 118554926 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 45334751 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 37231293 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 17760201 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 9072264 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9156417 | CurrentTaxYear |
| Total | 118554926 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 50065293 | AmountsSubstContributorsTotal |
| Public Support Total170 | 68489633 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 506241 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2681062 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2122495 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1462644 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1650731 | CurrentTaxYear |
| Total | 8423173 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 126978099 | TotalSupport |
| Gross Receipts From Admissions Etc | 4681508 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.53940 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.44810 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 40517097 | BeginningOfYearBalance |
| Contributions | 9902213 | Contributions |
| Investment Earnings Or Losses | 6255049 | InvestmentEarningsOrLosses |
| Other Expenditures | 1213505 | OtherExpenditures |
| Administrative Expenses | 251786 | AdministrativeExpenses |
| End Of Year Balance | 55209068 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 50130045 | BeginningOfYearBalance |
| Contributions | 1601152 | Contributions |
| Investment Earnings Or Losses | -10222446 | InvestmentEarningsOrLosses |
| Other Expenditures | 749681 | OtherExpenditures |
| Administrative Expenses | 241973 | AdministrativeExpenses |
| End Of Year Balance | 40517097 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.01080 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.94620 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.04300 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Real Estate | 1851441 | F |
| Funds held in trust | 1229299 | F |
| Debt Securities | 17450227 | F |
| Other investments | 5000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 20535967 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Funds held in trust liability | Description |
| Amount | $917,204 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 917204 | TotalOfAmounts |
| Total Revenue | 12092322 | TotalRevenue |
| Total Expenses | 7458021 | TotalExpenses |
| Excess Or Deficit For Year | 4634301 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 4641630 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 4641630 | TotalAdjustments |
| Excess Or Deficit Per FS | 9275931 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 16772077 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 4637723 | NetUnrealizedGainsInvestments |
| Other Revenues | 42188 | OtherRevenues |
| Revenue Not Rptd F990 | 4679911 | RevenueNotRptdF990 |
| Revenue Subtotal | 12092166 | RevenueSubtotal |
| Other Revenues Not Included | 157 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 157 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 12092323 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7496146 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 42188 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 42188 | ExpensesNotRptdF990 |
| Expenses Subtotal | 7453958 | ExpensesSubtotal |
| Other Expenses Not Included | 4063 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 4063 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 7458021 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | 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 XII, Line 2d - Other Adjustments: | Fundraising event expenses: 42188. | |
| Part XII, Line 4b - Other Adjustments: | FLOW-THROUGH INCOME FROM Hilo LLC K-1: 157. | |
| Part XIII, Line 2d - Other Adjustments: | Fundraising event expenses: 42188. | |
| Part XIII, Line 4b - Other Adjustments: | FLOW-THROUGH expenses FROM Hilo LLC K-1: 4063. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | President's Cup | NameOfEvent1 |
| Gross Receipts Event1 | 53500 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 40950 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 12550 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 2000 | CashPrizesEvent1 |
| Rent Facility Costs Event1 | 22204 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 17984 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 53500 | GrossReceiptsTotal |
| Charitable Contributions Total | 40950 | CharitableContributionsTotal |
| Gross Revenue Total Events | 12550 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 2000 | CashPrizesTotalEvents |
| Rent Facility Costs Total Events | 22204 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 17984 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 42188 | DirectExpenseSummaryEvents |
| Net Income Summary | -29638 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | San Jose State University | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Washington Square | AddressLine1 |
| City | San Jose | City |
| State | CA | State |
| ZIP Code | 95192 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 770414438 | EINOfRecipient |
| Amount Of Cash Grant | 898263 | AmountOfCashGrant |
| Method Of Valuation | Cash value | MethodOfValuation |
| Purpose Of Grant | Scholarships | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Scholarships that are awarded to students are directed by San Jose State University's Financial Aid and Scholarship office, which evaluates applicants to ensure they meet the criteria stipulated by the donor. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 66 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 3819739 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 572450 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | appraisal | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 2 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | 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 are kept for the audit committee to 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 changes 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 C, line 19 | Audited financial statements are available on the organization's website. Conflict of interest policy and governing documents are available upon request. |
| 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. | |
| Form 990, Part VI, Section B, Line 15: | The Organization does not compensate board members or management; therefore, compensation review policies have not been established. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SJSU Tower Real Estate Fund LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Washington Square Clark Hall | AddressLine1 |
| City | San Jose | City |
| State | CA | State |
| ZIP Code | 95192 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 999999999 | EIN |
| Primary Activities | Real estate Management | PrimaryActivities |
| Legal Domicile State | CA | LegalDomicileState |
| Total Income | 572450 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Tower Foundation of San Jose State University | BusinessNameLine1 |
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