2021-05-17T17:20:47-05:00 2020-06-30 366055558 GRANT THORNTON LLP 101 CALIFORNIA ST SUITE 2700 SAN FRANCISCO CA 94111 990 2019-07-01 941384645 THE UNIVERSITY CORPORATIONSAN FRANCISCO STATE UNIV 4153387123 1600 HOLLOWAY AVE ADMIN BLDG RM 361 SAN FRANCISCO CA 94132 JASON PORTH EXECUTIVE DIRECTOR 4153387123 2021-05-17 1 QI WEN LIANG P01270238 4159863900 2019 2022-09-23 18:48:47Z JASON PORTH 1600 HOLLOWAY AVE ADMIN BLDG RM 361 SAN FRANCISCO CA 94132 41856358 0 X HTTP://UCORP.SFSU.EDU X 1946 CA UNIVERSITY CORPORATION SERVES AS AN AUXILIARY ORGANIZATION OF SAN FRANCISCO STATE UNIVERSITY. 16 4 285 51 -142755 -153666 8987526 22721220 7277820 5513047 914471 284411 981990 729028 18161807 29247706 3500281 3246077 0 0 4090401 5098223 0 0 0 9348593 11034116 16939275 19378416 1222532 9869290 37288974 47309090 3676087 2810172 33612887 44498918 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 1559612 2000000 THE GENENTECH SCHOLARS GRANT PROGRAM SEEKS TO SIGNIFICANTLY ADVANCE THE ACADEMIC ACHIEVEMENT AND RETENTION OF FRESHMEN AND SOPHOMORE STUDENTS IN BIOLOGY, CHEMISTRY, AND BIOCHEMISTRY BY PROVIDING TUTORING, SEMINARS, WORKSHOPS, PROVIDING DIRECT STUDENT SUPPORT, AND COVERING SALARIES AND CONSULTANTS. 524103 888500 THE GUARDIAN SCHOLARS PROGRAM PROVIDES TUITION, HOUSING, LIVING EXPENSES, AND COUNSELING SERVICES TO FORMER FOSTER YOUTH ENROLLED AT SAN FRANCISCO STATE UNIVERSITY. 375000 0 THE GEORGE & JUDY MARCUS ATHLETIC SCHOLARSHIPS PROGRAM PROVIDES SCHOLARSHIP AWARDS TO THE DEPARTMENT OF ATHLETICS STUDENT ATHLETES. 10599302 3246077 3380956 PACIFIC LEADERSHIP INSTITUTE - TO BUILD A MORE POSITIVE, EFFECTIVE AND RESILIENT COMMUNITY THROUGH THE DEVELOPMENT OF OUR YOUTH. THE PACIFIC LEADERSHIP INSTITUTE ("PLI") HAS TWO KEY INGREDIENTS TOFULFILL ITS MISSION: 1) PLI DELIVERS INSPIRING TEAM ADVENTURES FOCUSING ON PERSONAL AND GROUP DEVELOPMENT THAT INCLUDE ADVENTURE CHALLENGE COURSES, TEAM BUILDING EVENTS, AND WORKSHOPS TO A WIDE RANGE OF THE COMMUNITY; AND 2) THE YOUTH LEAD! TEEN LEADERSHIP INITIATIVE, WHICH TRAINS AND ENGAGES YOUTH TO PLAY A LEADERSHIP ROLE IN ITS PROGRAMS. PLI SEEKS TO HAVE LEADERS REFLECT THE PEOPLE AND GROUPS BEING SERVED. THE YOUTH LEAD! PROGRAM OFFERS PRACTICAL EXPERIENCE, POSITIVE CIVIC ENGAGEMENT, AND CULTIVATES LEADERSHIP AND PERSONAL GROWTH. PLI GIVES THESE YOUTH THE TRAINING, EXPERIENCE AND RESPONSIBILITY TO BE LEADERS IN ITS PROGRAMS AND THEIR LIVES.IN KEEPING WITH THE MISSION OF THE UNIVERSITY CORPORATION, EXPENSES INCURRED IN THE OSHER LIFE-LONG LEARNING INSTITUTE IS AN ACTIVE COMMUNITY PEERS AGE 50 AND UP ENGAGED IN LEARNING THROUGH THREE AND SIX WEEK CLASSES, INTEREST GROUPS AND EVENTS AT THE SF STATE DOWNTOWN AND MAIN CAMPUSES.DISSERTATION SCHOLARS HELP PAY 5 GRADUATE STUDENTS PER YEAR TO INCREASE DIVERSITY.SNFC PROVIDES NON-ACCREDITED WORKSHOPS TO THE GREATER COMMUNITY IN THE SIERRAS, THE RET PROJECT SUPPORTS THE UNIVERSITY AND ITS ECONOMIC ENDEAVORS WITH ITS DIRECT SERVICES TO HUNDREDS OF PEOPLE WITH DISABILITIES THROUGHOUT NORTHERN CALIFORNIAN, INCLUDING SF STATE FACULTY, STAFF, AND STUDENTS. OVER THE PAST 5 YEARS, THE RET PROJECT HAS PROVIDED SERVICES TO CITIES AND COUNTIES THROUGHOUT NORTHERN CALIFORNIA. 10599302 3246077 3380956 13058017 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 443 0 1 285 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 4 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X TAMMIE RIDGELL 4153381706 1600 HOLLOWAY AVE ADMIN 361 SAN FRANCISCO CA 94132 JASON PORTH EXECUTIVE DIRECTOR 20.00 20.00 X X 0 206421 84332 BRIAN BEATTY DIRECTOR 1.00 40.00 X 0 163657 71944 JAY ORENDORFF VICE PRESIDENT/CFO'S DESIGNEE 1.00 40.00 X 0 172046 60150 GENE CHELBERG DIRECTOR 1.00 40.00 X 0 142558 56261 YVONNE BUI FACULTY REPRESENTATIVE (FROM 07/2019) 1.00 40.00 X 0 131240 64300 ANOSHUA CHAUDHURI FACULTY REPRESENTATIVE 1.00 40.00 X 0 121566 60226 TREVOR GETZ CHAIR 1.00 40.00 X X 0 125990 55511 ALISON SANDERS VICE CHAIR (THRU 08/2019) 1.00 40.00 X X 0 131556 44789 NORIKO LIM-TEPPER VICE CHAIR (FROM 09/2019) 1.00 40.00 X X 0 115136 51620 NANCY GERBER DIRECTOR 1.00 40.00 X 0 118551 30934 BONNIE LI VICTORINO SECRETARY OF THE BOARD 1.00 40.00 X X 0 89994 57490 ROB STRONG DIRECTOR 1.00 40.00 X 0 29641 206 NEIL COHEN DIRECTOR 1.00 40.00 X 0 9163 0 KAL SALAMA DIRECTOR 1.00 0.00 X 0 0 0 YASMIN ALY STUDENT REPRESENTATIVE (FROM 07/2019) 1.00 0.00 X 0 0 0 BRIAN YOO STUDENT REPRESENTATIVE (FROM 07/2019) 1.00 0.00 X 0 0 0 MICHAELA BYRD STUDENT REPRESENTATIVE (FROM 07/2019) 1.00 0.00 X 0 0 0 0 1557519 637763 0 0 1 0 GRANT THORNTON LLP PO BOX 51552 LOS ANGELES CA 900515852 AUDIT AND TAX SERVICES 106975 1 X 102721 30200 5798313 16789986 18743 22721220 PROJECT REVENUE 611710 2384025 2384025 FACILITIES RENTAL 611710 2308842 2308842 COMMISSIONS EARNED 611710 451985 451985 REGISTRATION FEES 611710 368195 368195 5513047 909934 -142755 1052689 11173594 11799117 -625523 -625523 -625523 82550 30200 109931 -27381 -27381 1404822 699604 705218 705218 OTHER OPERATING REVENUE 611710 51191 51191 51191 29247706 6269456 -142755 399785 X 3246077 3246077 3889585 3886677 2908 1208638 1208638 7280 7280 72865 72865 154549 154549 229626 197365 32261 38090 38090 694403 511327 183076 1182018 224012 958006 212392 206313 6079 33298 30931 2367 796 796 416507 416507 38913 4096 34817 CONTRACTUAL SERVICES 4162794 212865 3949929 STIPENDS 1596233 1054664 541569 HOSPITALITY 385890 379677 6213 0 COST RECOVERY-EXPENSE 190057 190057 1618405 1857285 -238880 19378416 13058017 6320399 0 791960 1949373 320690 461319 1052138 10941839 790771 875625 46446 44124 6085913 3727065 1994050 2358848 17465759 18040150 14428968 11921427 0 0 398192 716385 0 0 37288974 47309090 1355697 923585 302619 261430 2017771 1625157 3676087 2810172 X 10684083 8091796 1356245 2336329 21572559 34070793 33612887 44498918 37288974 47309090 9869290 1016741 0 X 0 1 X 1 0 X 6253007 11645617 6854608 8987526 22721220 56461978 6253007 11645617 6854608 8987526 22721220 56461978 9978614 46483364 671572 420254 655151 864860 1052689 3664526 136664 161956 94371 117329 82550 592870 60719374 36260237 0.76550 0.86670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2015 AMOUNT: $ 136,664. 2016 AMOUNT: $ 161,956. 2017 AMOUNT: $ 94,371. 2018 AMOUNT: $ 117,329. 2019 AMOUNT: $ 82,550. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 25000 0 0 0 25000 0 PART II-B, LINE 1: PROP 13 WAS A GENERAL OBLIGATION BOND SPONSORED BY THE CSU. PROP 13 AUTHORIZED $15 BILLION FOR THE CONSTRUCTION AND MODERNIZATION OF PUBLIC PRESCHOOL, K-12, CALIFORNIA COMMUNITY COLLEGES (CCC), UNIVERSITY OF CALIFORNIA (UC), AND THE CALIFORNIA STATE UNIVERSITY (CSU) FACILITIES. IT WAS PLACED ON THE MARCH 3, 2020 PRIMARY BALLOT. THE GENERAL OBLIGATION BOND WOULD PROVIDE $2 BILLION TO SUPPORT THE CSU. ON THE SF STATE CAMPUS, THE DEFERRED MAINTENANCE DOLLARS WOULD BE PUT TOWARD FOUR MAIN PROJECTS: 1. A SCIENCE REPLACEMENT BUILDING 2. STUDENT SUCCESS CENTER 3. HEALTH AND SOCIAL SCIENCES (HSS) BUILDING RENOVATION 4. THORNTON HALL RENOVATION THE CHANCELLOR'S OFFICE RECOMMENDED THAT EACH CAMPUS HAVE ONE OR MORE OF ITS AUXILIARIES CONTRIBUTE A COMBINED TOTAL OF $50,000 TO THE CALIFORNIA COALITION FOR PUBLIC HIGHER EDUCATION ISSUES COMMITTEE TO SUPPORT THE CAMPAIGN TO PASS THE BOND. SF STATE DONATED $25,000 FROM THE SAN FRANCISCO STATE UNIVERSITY FOUNDATION AND $25,000 FROM UNIVERSITY CORPORATION FOR A TOTAL OF $50,000. 625499 15824 12727 628596 618392 29046 21939 625499 613935 4457 618392 583336 42405 11806 613935 600731 -5659 11736 583336 1.00000 0 0 0 3719235 1767966 1951269 2336678 1959099 377579 30000 30000 2358848 INVESTMENT IN LAIF 4210141 F ALTERNATIVE INVESTMENTS 2034568 F EQUITY SECURITIES 4063204 F CORPORATE DEBT SECURITIES 456114 F MUNICIPAL BONDS 483760 F CMO & ASSET BACKED SECURITIES 259256 F MORTGAGE BACKED 414384 F 11921427 DUE TO RELATED ORGANIZATIONS 461683 LEASE RENT PAYABLE (STRAIGHT-LINE) 624423 PPP LOAN AND ACCRUED INTEREST 539051 1625157 30919433 1016741 1016741 29902692 154549 -809535 -654986 29247706 20033402 809535 809535 19223867 154549 154549 19378416 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS DURING FISCAL YEAR 2019-2020, SAN FRANCISCO STATE UNIVERSITY FOUNDATION PROVIDED THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE (AN AUXILIARY ORGANIZATION OF SFSU) WITH APPROXIMATELY $5.4 MILLION IN FUNDING. THE FUNDS WERE USED FOR THE FOLLOWING PRIMARY PURPOSES: (A) APPROXIMATELY 25% OF THE FUNDING WENT TO DIRECT STUDENT SUPPORT IN THE FORM OF SCHOLARSHIPS AND STIPENDS; (B) ABOUT 75% WENT TO REIMBURSING SFSU FOR FACULTY TIME. MOST OF THIS WAS FOR DIRECT-INSTRUCTION OF STUDENTS, HOWEVER, ABOUT 5% WAS FOR RESEARCH AND TRAVEL; PURCHASE OF NEW CINEMA EQUIPMENT; AND TO TO SUPPORT STUDENTS IN NEED AND EXPERIENCING FINANCIAL DIFFICULTY. SCHEDULE D, PART V 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 1: IN FISCAL YEAR 2020, THE CORPORATION APPLIED FOR AND RECEIVED A PAYROLL PROTECTION PROGRAM (PPP) LOAN, A FEDERAL PROGRAM ADMINISTERED BY THE U.S. SMALL BUSINESS ADMINISTRATION, LAUNCHED BY THE U.S. GOVERNMENT IN RESPONSE TO THE ECONOMIC TURMOIL CAUSED BY COVID-19. THE CORPORATION RECEIVED A TOTAL OF $538,255. THE LOAN ENABLED THE CORPORATION TO CONTINUE EMPLOYMENT THROUGH THE END OF THE SPRING SEMESTER FOR ITS PART-TIME AND FULL-TIME STAFF, WHO MIGHT HAVE OTHERWISE BEEN LAID OFF WHEN THE CAMPUS WAS FORCED TO CLOSE AND MOVE ITS OPERATIONS TO REMOTE MODALITIES DUE TO COVID-19. PART X, LINE 2: THE ORGANIZATION PREPARED ITS AUDITED FINANCIAL STATEMENTS IN ACCORDANCE WITH THE ACCOUNTING PRINCIPLES AS PRESCRIBED BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB). THE FOOTNOTE ON INCOME TAXES DOES NOT REPORT LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES -109,931. COST OF GOODS SOLD -699,604. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 109,931. COST OF GOODS SOLD 699,604. ALUMNI H O F 112750 30200 82550 86180 2673 21078 112750 30200 82550 86180 2673 21078 109931 -27381 0 SAN FRANCISCO STATE UNIVERSITY 1600 HOLLOWAY AVENUE SAN FRANCISCO CA 94312 931137247 115 3175405 EDUCATIONAL SUPPORT ASSOCIATED STUDENTS INC 1600 HOLLOWAY AVENUE SAN FRANCISCO CA 94312 941170352 501(C)(3) 45672 STUDENT SUPPORT CALIFORNIA COALITION FOR PUBLIC HIGHER EDUCATION 638 LINDERO CANYON ROAD 263 OAK PARK CA 91377 452426122 501(C)(4) 25000 PROPOSITION 13 SUPPORT 2 1 SCHEDULE I, 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 206331 0 0 0 90 0 62299 0 22033 0 290753 0 0 BRIAN BEATTY DIRECTOR 0 163657 0 0 0 0 0 48093 0 23851 0 235601 0 0 JAY ORENDORFF VICE PRESIDENT/CFO'S DESIGNEE 0 172046 0 0 0 0 0 51771 0 8379 0 232196 0 0 GENE CHELBERG DIRECTOR 0 128488 0 13932 0 138 0 39004 0 17257 0 198819 0 0 YVONNE BUI FACULTY REPRESENTATIVE (FROM 07/2019 0 131240 0 0 0 0 0 41116 0 23184 0 195540 0 0 ANOSHUA CHAUDHURI FACULTY REPRESENTATIVE 0 121116 0 450 0 0 0 32981 0 27245 0 181792 0 0 TREVOR GETZ CHAIR 0 113091 0 0 0 12899 0 32620 0 22891 0 181501 0 0 ALISON SANDERS VICE CHAIR (THRU 08/2019) 0 126738 0 4818 0 0 0 37934 0 6855 0 176345 0 0 NORIKO LIM-TEPPER VICE CHAIR (FROM 09/2019) 0 115088 0 0 0 48 0 34809 0 16811 0 166756 0 0 SCHEDULE J, 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. 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 THE PRESIDENT AND VICE PRESIDENT OF SAN FRANCISCO UNIVERSITY EACH HAVE 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 GRANT THORNTON FORWARDS THE COMPLETED FORM 990 TO THE DIRECTOR OF FINANCE AND ADMINISTRATION OF UNIVERSITY CORPORATION FOR REVIEW. 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 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 THE 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 15 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 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) COVID-19 DISCLOSURE DUE TO THE COVID-19 PANDEMIC, THE UNIVERSITY MOVED TO REMOTE OPERATIONS, WHICH SUSPENDED IN-PERSON CLASSES, ACTIVITIES AND PROGRAMS. THE CORPORATION BECAUSE OF THE CAMPUS MOVING TO REMOTE MODALITIES CLOSED THE MAJORITY OF ITS OPERATIONS STARTING MARCH 11, 2020 THROUGH THE END OF THE FISCAL YEAR. THIS, SIGNIFICANTLY AFFECTED REVENUE FROM ITS SELF-OPERATED ENTERPRISES, COMMISSION REVENUE RELATED TO THE BOOKSTORE AND RENTAL INCOME. PROGRAM REVENUE DECREASED WITH THE CLOSURE OF IN PERSON PROGRAMS AND PROGRAM SERVICES LIMITED TO THE WEB. SAN FRANCISCO STATE UNIVERSITY 1600 HOLLOWAY AVENUE SAN FRANCISCO CA 94132 931137247 EDUCATIONAL CA 115 LINE 6 N/A 0 SFSU FOUNDATION 1600 HOLLOWAY AVENUE SAN FRANCISCO CA 94132 261169717 SUPPORT SFSU CA 501(C)(3) LINE 5 SFSU 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1