2023-05-15T12:18:50-05:00 2022-06-30 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2021-07-01 956196006 CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION CALI 8186774657 18111 NORDHOFF STREET NORTHRIDGE CA 913308296 IRA UNTERMAN CFO 8186774657 2023-05-12 1 IRA UNTERMAN 999009999 LISA M CUMMINGS CPA P00043433 9164429100 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z NICHOLE IPACH 18111 NORDHOFF STREET NORTHRIDGE CA 913308296 131097312 0 X WWW.CSUN.EDU/FOUNDATION X 1995 CA SUPPORT AND ENHANCE THE VISION, MISSION, AND VALUES OF CALIFORNIA STATE UNIVERSITY, NORTHRIDGE 35 27 0 50 0 0 65313565 44968926 960235 1235750 3857726 7614377 71057 91985 70202583 53911038 3069282 3125388 0 0 3245011 3840639 0 0 746559 5511015 7911511 11825308 14877538 58377275 39033500 300894352 308403163 800869 690220 300093483 307712943 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 12683953 3125388 1355750 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. 12683953 1 1 0 0 0 0 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 164 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 X 35 27 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 2.00 38.00 X 0 283027 109305 DANIEL M CHERNOW DIRECTOR 1.00 X 0 0 0 DAVID P MALONE DIRECTOR 2.00 X 0 0 0 DENNIS J DEYOUNG DIRECTOR 2.00 X 0 0 0 DIANE S MANZELLA DIRECTOR 1.00 X 0 0 0 ERIKA D BECK DIRECTOR / UNIVERSITY PRES 3.00 37.00 X 0 440720 62203 GEORGE LEIS DIRECTOR 1.00 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 147004 76269 IVAN L AXELROD DIRECTOR 2.00 X 0 0 0 JOHN J HARRIS DIRECTOR 1.00 X 0 0 0 JONATHAN HAY DIRECTOR (STUDENT REPRESENTATIVE) 1.00 18.00 X 0 18816 0 KAITLYN OROZCO DIRECTOR (STUDENT REPRESENTATIVE) 1.00 18.00 X 0 20845 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 (OUTGOING) 2.00 X 0 0 0 MARY BETH WALKER DIRECTOR 1.00 39.00 X 0 295503 70674 MICHAEL G NEUBAUER DIRECTOR (FACULTY REPRESENTATIVE) 1.00 39.00 X 0 156911 66089 MILTON G VALERA DIRECTOR 1.00 X 0 0 0 NICHOLE IPACH DIRECTOR / FOUNDATION PRESIDENT 10.00 30.00 X 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 TAYLOR DIRECTOR / BOARD CHAIR 3.00 X X 0 0 0 ROBERT M MYMAN DIRECTOR / IMMEDIATE PAST CHAIR 2.00 X 0 0 0 RUTH A HARRIS DIRECTOR 2.00 X 0 0 0 SCOTT J WEISS DIRECTOR 1.00 X 0 0 0 SILVIA BIZIO DIRECTOR (OUTGOING) 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 DIR / FOUNDATION PRES (OUTGOING) 10.00 30.00 X X 0 230969 54219 WENDY J GREUEL DIRECTOR 2.00 18.00 X 0 116260 0 0 1710055 438759 0 0 1 0 GOLDMAN SACHS 10100 SANTA MONICA BLVD 26TH FLOOR LOS ANGELES CA 90067 INVESTMENT MANAGEMENT 780230 1 99349 44869577 3719376 44968926 PROGRAM INCOME 1235750 1235750 1235750 8140252 8140252 76426125 128748 76341449 739299 84676 -610551 -525875 -525875 77511 99349 105526 -28015 -28015 MISCELLANEOUS REVENUE 900099 120000 120000 120000 53911038 1355750 0 7586362 3002481 3002481 122907 122907 2923058 2397654 413992 111412 829825 680668 117528 31629 87756 71982 12429 3345 2065 1604 87 374 60852 47265 2578 11009 780230 780230 1452824 1134351 60397 258076 324170 290625 4538 29007 824399 530554 134783 159062 443675 400686 27416 15573 193362 193362 162985 162116 869 57709 44824 2445 10440 PROGRAM COSTS 1361420 1341840 2338 17242 BAD DEBT EXPENSE 634163 634163 HOSPITALITY 579345 474094 14843 90408 CONTRIBUTED GOODS EXP 503980 503980 530332 502730 19489 8113 14877538 12683953 1447026 746559 8851598 17616851 42977599 4724674 19873130 39912981 49665 90472 463132 372753 198423500 214625373 24459266 26990837 5796462 4069222 300894352 308403163 655515 579585 145354 110635 800869 690220 X 88611005 80205959 211482478 227506984 300093483 307712943 300894352 308403163 39033500 -31414040 0 X X 0 1 X 1 0 X 23929479 15506125 14361871 65313565 44968926 164079966 23929479 15506125 14361871 65313565 44968926 164079966 36863344 127216622 3191707 4346045 4883991 3733946 8140252 24295941 362240 356667 176572 71057 120000 1086536 189462443 4149304 0.67150 0.51340 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. 2021 AMOUNT: $ 120,000. GROSS INCOME FROM FUNDRAISING EVENTS - 2017 AMOUNT: $ 173,658. 2018 AMOUNT: $ 168,777. 2019 AMOUNT: $ 33,403. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25680 2673052 X X 0 163517427 5948289 23827096 4477101 188815711 129849676 13083952 24662954 4079155 163517427 126227225 6571246 1422184 4370979 129849676 118059370 5801173 6611749 4245067 126227225 99108025 16766736 5673892 3489283 118059370 0.20650 0.60950 0.18400 0 0 0 LIMITED PARTNERSHIPS 26990837 F 26990837 DUE TO RELATED PARTIES 110635 110635 X 21822294 -31414040 -31414040 53236334 780230 -105526 674704 53911038 14202834 0 14202834 780230 -105526 674704 14877538 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, 2022, THE FOUNDATION RECEIVED ART WHICH WAS APPRAISED AT $25,680. 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, 2022. THE FOUNDATION'S FEDERAL INCOME TAX RETURNS FOR FISCAL YEARS 2021, 2020 AND 2019 REMAIN OPEN. THE FOUNDATION'S STATE INCOME TAX RETURNS FOR FISCAL YEARS 2021, 2020, 2019 AND 2018 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRASING EXPENSES -105,526. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRASING EXPENSES -105,526. CONSTRUCTION MGMT GOLF CLASSIC 143100 84510 58590 600 16870 14962 54427 BEN GRAHAM GOLF TOURNAMENT 33760 14839 18921 6225 7508 4934 176860 99349 77511 600 23095 22470 59361 105526 -28015 1 CALIFORNIA STATE UNIVERSITY NORTHRIDGE 18111 NORDHOFF STREET NORTHRIDGE CA 91330 954358677 501(C)(3) 2723552 278929 FMV TANGIBLE PROPERTY SCHOLARSHIPS, STIPENDS, AND OTHER OPERATING EXPENSES 1 0 AWARDS 95 122907 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 ERIKA D BECK DIRECTOR / UNIVERSITY PRES 0 368360 0 60000 0 12360 0 37813 0 24390 0 502923 0 0 COLIN J DONAHUE DIRECTOR 0 282769 0 0 0 258 0 83281 0 26024 0 392332 0 0 MARY BETH WALKER DIRECTOR 0 294741 0 0 0 762 0 44953 0 25721 0 366177 0 0 THOR STEINGRABER DIR / FOUNDATION PRES (OUTGOING) 0 230711 0 0 0 258 0 42918 0 11301 0 285188 0 0 IRA N UNTERMAN DIRECTOR / CFO / SECRETARY 0 146746 0 0 0 258 0 44790 0 31479 0 223273 0 0 MICHAEL G NEUBAUER DIRECTOR (FACULTY REPRESENTATIVE) 0 156911 0 0 0 0 0 40141 0 25948 0 223000 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 5 25680 FMV X 758 FMV X 816 FMV X 82 105880 FMV X 63 3084419 FMV X 5 21 FMV X ACADEMIC SUPPLIES 108 484607 FMV X AUCTION ITEMS 178 17195 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