2022-05-13T20:24:19-05:00 2021-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2020-07-01 941384645 THE UNIVERSITY CORPORATIONSAN FRANCISCO STATE UNIV 4153381708 1600 HOLLOWAY AVE ADMIN BLDG NO SAN FRANCISCO CA 94132 JASON PORTH EXECUTIVE DIRECTOR 4153381708 2022-05-09 1 JASON PORTH 999009999 DONITA M JOSEPH P00286656 5624351191 2022-05-09 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z JASON PORTH 1600 HOLLOWAY AVE ADMIN BLDG NO 361 SAN FRANCISCO CA 94132 33431261 0 X HTTPS://UCORP.SFSU.EDU/ X 1946 CA UNIVERSITY CORPORATION SERVES AS AN AUXILIARY ORGANIZATION OF SAN FRANCISCO STATE UNIVERSITY. 14 3 295 3 -137490 0 22721220 11120520 5513047 3710600 284411 2011369 729028 109302 29247706 16951791 3246077 3770165 0 0 5098223 5780222 0 0 0 11034116 8775757 19378416 18326144 9869290 -1374353 47309090 50115724 2810172 3089447 44498918 47026277 X THE PURPOSE OF THE UNIVERSITY CORPORATION IS TO PROMOTE, ASSIST, AND ENHANCE THE EDUCATIONAL MISSION OF SAN FRANCISCO STATE UNIVERSITY THROUGH EDUCATIONAL PROJECTS, UNIVERSITY RESEARCH AND DEVELOPMENT PROJECTS, AND COMMUNITY OUTREACH. 0 0 2141782 THE GENENTECH SCHOLARS GRANT PROGRAM SEEKS TO SIGNIFICANTLY ADVANCE THE ACADEMIC ACHIEVEMENT AND RETENTION OF FRESHMEN AND SHPHOMORE STUDENTS IN BIOLOGY, CHEMISTRY, AND BIOCHEMISTRY BY PROVIDING TUTORING, SEMINARS, WORKSHOPS, PROVIDING DIRECT STUDENT SUPPORT, AND COVERING SALARIES AND CONSULTANTS. 911031 THE GUARDIAN SCHOLARS PROGRAM PROVIDES TUITION, HOUSING, LIVING EXPENSES, AND COUNSELING SERVICES TO FORMER FOSTER YOUTH ENROLLED AT SAN FRANCISCO STATE UNIVERSITY. 500000 THE HERBST FOUNDATION GRANT IS MULTI-YEAR GRANT PROVIDED TO ASSIST TOWARD THE CONSTRUCTION OF A NEW BUILDING ON CAMPUS TO HOUSE THE BROADCAST AND ELECTRONIC ARTS DEPARTMENT. IT INVOLVED THE NAMING OF THE LOBBY SPACE IN THE NEW BUILDING. 9487896 3770165 3819902 THE PRESIDENT'S LEADERSHIP FELLOWS PROGRAM WILL DELIVER CAREER SERVICES AND LEADERSHIP DEVELOPMENT TO PARTICIPANTS BY OFFERING WORKSHOPS, WEBINARS, SPEAKER EVENTS, ONE-ON-ONE COACHING AND MENTORING, AND ASSISTANCE WITH BUILDING PROFESSIONAL NETWORKS. THE PRESIDENT'S LEADERSHIP FELLOWS PROGRAM WILL SERVE AS A PLATFORM TO PREPARE STUDENTS AT SAN FRANCISCO STATE TO BE JOB AND CAREER READY, AS WELL AS TO TRANSFORM THEM INTO EMERGING LEADERS WITHIN THE WORKFORCE. 9487896 3770165 3819902 13040709 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 338 0 1 295 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 3 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 CA AZ CO GA X X TAMMIE RIDGELL 4153381706 1600 HOLLOWAY AVE ADMIN BLDG NO 361 SAN FRANCISCO CA 94132 JASON PORTH EXECUTIVE DIRECTOR 20.00 20.00 X X 0 235670 96482 TREVOR GETZ CHAIR 1.00 39.00 X X 0 81605 54981 NORIKO LIM-TEPPER VICE CHAIR 1.00 39.00 X X 0 125161 52428 BONNIE LI VITORINO SECRETARY 1.00 39.00 X X 0 103264 61641 JAY ORENDORFF DIRECTOR 1.00 39.00 X 0 190661 67099 YVONNE BUI DIRECTOR 1.00 39.00 X 0 148973 70141 GENE CHELBERG DIRECTOR 1.00 39.00 X 0 148321 67899 BRIAN BEATTY DIRECTOR 1.00 39.00 X 0 125441 70635 ANOSHUA CHAUDHURI DIRECTOR 1.00 39.00 X 0 104996 41965 TEDDY ALBINAK DIRECTOR 1.00 39.00 X 0 88415 33704 ROB STRONG DIRECTOR 1.00 39.00 X 0 53361 13240 NEIL COHEN DIRECTOR 1.00 0.00 X 0 3197 0 KAL SALAMA DIRECTOR 1.00 0.00 X 0 0 0 ALONDRA ESQUIVEL GARCIA DIRECTOR 1.00 0.00 X 0 0 0 NANCY GERBER DIRECTOR UNTIL 6/2020 1.00 39.00 X 0 143055 34347 0 1552120 664562 0 0 1 0 TRUSTEES OF THE CSU 915 L STREET STE 1160 SACRAMENTO CA 95814 PLAN CHECK FEE 375000 GRANT THORNTON LLP PO BOX 51552 LOS ANGELES CA 900515852 AUDIT/TAX SERVICES 111200 2 X 56903 4019464 599051 6445102 422596 11120520 PROJECT REVENUE 611710 1786389 1786389 FACILITIES RENTAL 611710 1358608 1358608 REGISTRATION FEES 611710 368195 368195 COMMISSIONS EARNED 611710 197408 197408 3710600 501310 -137490 638800 17976278 16466219 1510059 1510059 1510059 66233 13251 52982 52982 OTHER OPERATING REVENUE 611710 56320 56320 56320 16951791 3819902 -137490 2148859 3770165 3770165 4371087 3936842 434245 1409135 1302687 106448 6230 6230 84725 84725 174531 174531 231734 158059 73675 22772 22772 400975 391912 9063 1058933 85392 973541 9079 8739 340 18380 17745 635 446435 446435 44299 383 43916 CONTRACTUAL SERVICES 2644223 165077 2479146 STIPENDS 1737164 1737164 ALL OTHER EXPENSES 1671113 1409839 261274 COST RECOVERY-EXPENSE 191162 191162 34002 33933 69 18326144 13040709 5285435 0 1949373 889238 461319 387333 10941839 8010745 875625 1144200 0 11486 44124 283 6494313 4173220 2358848 2321093 18040150 21973757 11921427 14499718 716385 877871 47309090 50115724 923585 1164595 261430 253021 1625157 1671831 2810172 3089447 X 8091796 11131908 2336329 2321093 34070793 33573276 44498918 47026277 47309090 50115724 -1374353 3901712 0 X 0 1 X 1 0 X 11645617 6854608 8987526 22721220 11120520 61329491 11645617 6854608 8987526 22721220 11120520 61329491 12449327 48880164 420254 655151 864860 1502689 501310 3944264 161956 94371 117329 82550 456206 65729961 32917271 0.74370 0.76550 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2016 AMOUNT: $ 161,956. 2017 AMOUNT: $ 94,371. 2018 AMOUNT: $ 117,329. 2019 AMOUNT: $ 82,550. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 628596 96871 13290 712177 625499 15824 12727 628596 618392 29046 21939 625499 613935 4457 0 618392 583336 42405 11806 613935 1.00000 0 0 3742129 2064907 1677222 2712184 2108313 603871 40000 40000 2321093 LOCAL AGENCY INVEST. FUND 4901065 F ALTERNATIVE INVESTMENTS 8072115 F CMO & ASSET BACKED SEC. 155299 F MORTGAGE BACKED SEC. 452330 F MUNICIPAL BONDS 535725 F CORPORATE DEBT SEC. 383184 F 14499718 DUE TO RELATED ORGANIZATIONS 826484 LEASE RENT PAYABLE (STRAIGHT-LINE) 845347 1671831 X 20678972 3901712 3901712 16777260 174531 174531 16951791 18151613 0 18151613 174531 174531 18326144 PART V, LINE 4: THE ENDOWMENT IS RESTRICTED FOR LIMITED PURPOSE. THE ENDOWMENT ONLY EARNS INTEREST AND NOT DISTRIBUTIONS BECAUSE OF SPECIFIC RESTRICTIONS FOR TEACHERS WITH CANCER. PART X, LINE 2: FIN 48: THE CORPORATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE CALIFORNIA TAX CODE. CONTINUANCE OF SUCH EXEMPTION IS SUBJECT TO COMPLIANCE WITH LAWS AND REGULATIONS OF THE TAXING AUTHORITIES. CERTAIN ACTIVITIES CONSIDERED UNRELATED TO THE TAX-EXEMPT PURPOSES OF THE CORPORATION MAY GENERATE INCOME THAT IS TAXABLE. NO PROVISION HAS BEEN RECORDED FOR INCOME TAXES, AS THE NET INCOME FROM UNRELATED BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE BASIC FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSE IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. 1 SAN FRANCISCO STATE UNIVERSITY 1600 HOLLOWAY AVE SAN FRANCISCO CA 94132 931137247 115 2214566 EDUCATIONAL SUPPORT SAN FRANCISCO STATE FOUNDATION 1600 HOLLOWAY AVE SAN FRANCISCO CA 94132 261169717 501(C)(3) 35000 EDUCATIONAL SUPPORT 2 PART I, LINE 2: GRANTS ARE MADE EITHER DIRECTLY TO SAN FRANCISCO STATE UNIVERSITY (WHICH THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE IS AN AUXILIARY ORGANIZATION OF) OR ASSOCIATED STUDENTS INC. (ANOTHER AUXILIARY ORGANIZATION OF SFSU). SFSU CONTROLS BOTH SAN FRANCISCO STATE UNIVERSITY FOUNDATION AND THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE VIA THE POWER TO APPROVE MEMBERS OF EACH OF THE ORGANIZATION'S BOARD. GRANT FUNDS ARE USED SOLELY TO ADVANCE THE MISSION OF SFSU AND ARE MONITORED TO ENSURE THEY ARE USED FOR PROPER PURPOSES VIA THIS COMMON CONTROL. 0 0 0 0 0 0 0 0 0 JASON PORTH EXECUTIVE DIRECTOR 0 235580 0 0 0 90 0 71563 0 24919 0 332152 0 0 JAY ORENDORFF DIRECTOR 0 190661 0 0 0 0 0 57699 0 9400 0 257760 0 0 YVONNE BUI DIRECTOR 0 148973 0 0 0 0 0 45705 0 24436 0 219114 0 0 GENE CHELBERG DIRECTOR 0 148183 0 0 0 138 0 45988 0 21911 0 216220 0 0 BRIAN BEATTY DIRECTOR 0 125183 0 0 0 258 0 39716 0 30919 0 196076 0 0 NORIKO LIM-TEPPER VICE CHAIR 0 125107 0 0 0 54 0 38350 0 14078 0 177589 0 0 NANCY GERBER DIRECTOR UNTIL 6/2020 0 141519 0 0 0 1536 0 32229 0 2118 0 177402 0 0 BONNIE LI VITORINO SECRETARY 0 103264 0 0 0 0 0 32642 0 28999 0 164905 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR OF THE UNIVERSITY CORPORATION IS COMPENSATED BY SAN FRANCISCO STATE UNIVERSITY ("SFSU"), A RELATED ORGANIZATION. SFSU UTILIZES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTORS: COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS, AND BOARD OR COMMITTEE APPROVAL. X 10 422596 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART V, LINE 2A, AND PART IX, LINE 7 & 9 THE UNIVERSITY CORPORATION DOES NOT HAVE ANY DIRECT EMPLOYEES. THE UNIVERSITY CORPORATION REIMBURSES THE COST OF ALL U-CORP ADMIN STAFF TO SFSU AS ALL ARE STATE EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 7A DOES THE ORGANIZATION HAVE MEMBERS, STOCKHOLDERS, OR OTHER PERSONS WHO HAD THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY? THE PRESIDENT AND VICE PRESIDENT OF SAN FRANCISCO STATE UNIVERSITY EACH HAVE THE AUTHORITY TO EITHER SERVE ON THE BOARD OF DIRECTORS OR APPOINT A DESIGNEE TO DO SO ON THEIR BEHALF. FORM 990, PART VI, SECTION A, LINE 7B ARE ANY GOVERNANCE DECISIONS OF THE ORGANIZATION RESERVED TO (OR SUBJECT TO APPROVAL BY) MEMBERS, STOCKHOLDERS, OR OTHER PERSONS OTHER THAN THE GOVERNING BODY? THE PRESIDENT AND VICE PRESIDENT OF SAN FRANCISCO STATE UNIVERSITY EACH HAVE THE AUTHORITY TO EITHER SERVE ON THE BOARD OF DIRECTORS OR APPOINT A DESIGNEE TO DO SO ON THEIR BEHALF. FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE PROCESS THE ORGANIZATION USES TO REVIEW FORM 990. THE DIRECTOR OF FINANCE AND ADMINISTRATION OF THE UNIVERSITY CORPORATION REVIEWS THE FORM 990. UPON REVIEW, THE DIRECTOR OF FINANCE AND ADMINISTRATION OF THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE FORWARDS THE FORM 990 TO THE EXECUTIVE DIRECTOR FOR REVIEW. THE DIRECTOR OF FINANCE AND ADMINISTRATION THEN REVIEWS AND FORWARDS THE FORM 990 TO THE UNIVERSITY CORPORATION BOARD FOR ITS REVIEW PRIOR TO FILING. BOARD MEMBERS ARE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD ANY QUESTIONS TO THE DIRECTOR OF FINANCE AND ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 12C DESCRIBE HOW THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS ARE REQUIRED TO REVIEW AND COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT NOTING THEIR UNDERSTANDING OF THE POLICY AND THEIR WILLINGNESS TO ABIDE BY IT. THE POLICY INCLUDES FINANCIAL INTERESTS OF $250 IN AGGREGATE, OR REAL PROPERTY IN WHICH THE BOARD MEMBER HAS AN INTEREST OF $1,000 OR MORE, OR AN INVESTMENT INTEREST OF $1,000 OR MORE. THE POLICY IS APPLICABLE TO ALL BOARD MEMBERS AND KEY EMPLOYEES. THOSE BECOMING AWARE OF A POTENTIAL CONFLICT MUST DISCLOSE IT, ABSTAIN FROM VOTING, REVIEW IT WITH THE CHAIR AND BOARD AND ALLOW THE BOARD TO DETERMINE THE BEST COURSE OF ACTION. FORM 990, PART VI, SECTION B, LINE 15A DESCRIBE THE PROCESS USED TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL. THE ORGANIZATION DOES NOT PROVIDE ANY COMPENSATION TO THE INDIVIDUALS LISTED ON PART VII OF THE FORM 990. ALL COMPENSATION PAID TO THESE INDIVIDUALS IS PAID BY A RELATED ORGANIZATION, SAN FRANCISCO STATE UNIVERSITY (SFSU). THE PROCESS USED TO DETERMINE COMPENSATION FOR THESE INDIVIDUALS IS DETERMINED BY SFSU. FORM 990, PART VI, SECTION C, LINE 19 DECRIBE HOW THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF THE TIME SET FORTH IN I.R.C. SECTION 6104 (D). FORM 990, PART VIII, LINE 1E: PPP LOAN ADVANCE FORGIVENESS ON MAY 3, 2020, THE CORPORATION RECEIVED LOAN PROCEEDS FOR $538,255 PURSUANT TO THE PAYCHECK PROTECTION PROGRAM (THE PPP) UNDER DIVISION A, TITLE I OF THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (CARES ACT), WHICH WAS ENACTED MARCH 27, 2020. THE LOAN, WHICH WAS IN THE FORM OF A PROMISSORY NOTE DATED MAY 3, 2020 ISSUED BY THE CORPORATION, MATURES ON MAY 3, 2022 AND BEARS INTEREST AT A RATE OF 1.00% PER ANNUM, PAYABLE MONTHLY FOR $22,661 COMMENCING ON NOVEMBER 3, 2020. THE CORPORATION MAY PREPAY THE NOTE AT ANY TIME PRIOR TO MATURITY WITH NO PREPAYMENT PENALTIES. FUNDS FROM THE LOAN MAY ONLY BE USED FOR PAYROLL COSTS, COSTS USED TO CONTINUE GROUP HEALTH CARE BENEFITS, MORTGAGE PAYMENTS, RENT, UTILITIES, AND INTEREST ON OTHER DEBT OBLIGATIONS INCURRED BEFORE FEBRUARY 15, 2020 OVER THE EIGHT-WEEK PERIOD FOLLOWING THE DATE OF THE LOAN. THE CORPORATION USED THE ENTIRE LOAN AMOUNT FOR QUALIFYING EXPENSES. UNDER THE TERMS OF THE PPP, CERTAIN AMOUNTS OF THE LOAN MAY BE FORGIVEN IF THEY ARE USED FOR QUALIFYING EXPENSES AS DESCRIBED IN THE CARES ACT. THE CORPORATION APPLIED FOR AND RECEIVED NOTIFICATION ON MAY 13, 2021, THE PPP LOAN AMOUNT OF $538,255, WAS FORGIVEN UNDER THE U.S. SMALL BUSINESS ADMINISTRATION (SBA). THE PPP LOAN FORGIVENESS IS REFLECTED IN THE NON-OPERATING REVENUES OF THE ACCOMPANYING STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION. THE LOAN AMOUNT OF $539,051, INCLUDING ACCRUED INTEREST OF $796, IS REFLECTED IN SUPPLEMENTAL NONCASH ACTIVITY OF THE ACCOMPANYING STATEMENT OF CASH FLOWS. SAN FRANCISCO STATE UNIVERSITY 1600 HOLLOWAY AVE SAN FRANCISCO CA 94132 931137247 EDUCATIONAL CA 115 LINE 6 N/A 0 SAN FRANCISCO STATE UNIVERSITY FOUNDATION 1600 HOLLOWAY AVE SAN FRANCISCO CA 94132 261169717 SUPPORT SFSU CA 501(C)(3) LINE 5 SFSU 0 0 1 1 0 0 0 0 0 1 0 1 1 0 1 1 1 1 0 0