2020-07-13T19:07:20-05:00 2019-06-30 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 990 2018-07-01 956196006 CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION CALI 8186774657 18111 NORDHOFF STREET NORTHRIDGE CA 913308296 IRA UNTERMAN CFO 8186774657 2020-07-13 1 LISA M CUMMINGS CPA P00043433 9164429100 2020-07-13 209.59.242.36 2020-07-13 12:30:35 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3A16AF227DFFBEB6A54D665AEE301AB9EC7A606C 2018 2020-09-22 18:59:49Z ROBERT GUNSALUS 18111 NORDHOFF STREET NORTHRIDGE CA 913308296 49706319 0 X WWW.CSUN.EDU/FOUNDATION X 1995 CA SUPPORT AND ENHANCE THE VISION, MISSION, AND VALUES OF CALIFORNIA STATE UNIVERSITY, NORTHRIDGE. 40 31 0 50 0 0 23929479 15506125 543794 624853 20170295 3528320 192689 118087 44836257 19777385 4521985 3429951 0 0 3447748 4197390 0 0 1177676 7562792 6541192 15532525 14168533 29303732 5608852 184736717 197306529 267958 255400 184468759 197051129 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 12149443 3429951 812743 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. 12149443 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 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 1 144 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 40 31 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 OFFICER 8186774657 18111 NORDHOFF STREET NORTHRIDGE CA 913308296 ALAN I ABRAMSON DIRECTOR 1.00 X 0 0 0 ANDRES CARRASCO DIRECTOR (EFFECTIVE 2/28/19) 1.00 X 0 0 0 BARBARA LEVY DIRECTOR 1.00 X 0 0 0 BEVERLY NTAGU DIRECTOR (STUDENT REP) 1.00 18.00 X 0 16196 0 BRYAN GREEN DIRECTOR 1.00 X 0 0 0 CARSON SCHREIBER DIRECTOR 1.00 X 0 0 0 CARY LEFTON DIRECTOR 1.00 X 0 0 0 CHARLES GILBERT DIRECTOR 1.00 X 0 0 0 CINDY L CHERNOW DIRECTOR 1.00 X 0 0 0 COLIN DONAHUE DIRECTOR 1.00 39.00 X 0 257954 101498 DAVID MALONE DIRECTOR 1.00 X 0 0 0 DAVID W FLEMING DIRECTOR 1.00 X 0 0 0 DENNIS DEYOUNG DIRECTOR 1.00 X 0 0 0 DIANE S MANZELLA DIRECTOR 1.00 X 0 0 0 DIANNE F HARRISON UNIVERSITY PRESIDENT 3.00 37.00 X X 0 368585 125505 GEORGE LEIS DIRECTOR 1.00 X 0 0 0 HONEY K AMADO DIRECTOR 1.00 X 0 0 0 IRA N UNTERMAN CHIEF FINANCIAL OFFICER 15.00 25.00 X X 0 143976 67500 IRVING ZAKHEIM DIRECTOR 1.00 X 0 0 0 IVAN AXELROD DIRECTOR 1.00 X 0 0 0 JOHN GOLISCH DIRECTOR (EFFECTIVE 2/28/19) 1.00 X 0 0 0 JOHN J HARRIS DIRECTOR 1.00 X 0 0 0 KEITH E WEAVER DIRECTOR 1.00 X 0 0 0 LESLIE CUTLER DIRECTOR 1.00 X 0 0 0 MAITE I BAUR DIRECTOR 1.00 X 0 0 0 MARY-PATRICIA STEIN DIRECTOR (FACULTY REP) 1.00 39.00 X 0 133883 48184 MILTON VALERA DIRECTOR (EFFECTIVE 9/26/18) 1.00 X 0 0 0 PATRICIA A MALONEY DIRECTOR 1.00 X 0 0 0 PAUL JENNINGS DIRECTOR 1.00 X 0 0 0 ROBERT D GUNSALUS FOUNDATION PRESIDENT 10.00 30.00 X X 0 252364 96183 ROBERT MYMAN CHAIR OF THE BOARD 2.00 X X 0 0 0 ROBERT TAYLOR VICE CHAIR OF THE BOARD 2.00 X X 0 0 0 RONALD MYHAN DIRECTOR 1.00 X 0 0 0 ROSELVA MERIDA DIRECTOR (STUDENT REP) 1.00 18.00 X 0 12491 0 RUTH HARRIS DIRECTOR 1.00 X 0 0 0 SCOTT WEISS DIRECTOR (EFFECTIVE 2/28/19) 1.00 X 0 0 0 SILVIA BIZIO DIRECTOR (EFFECTIVE 2/28/19) 1.00 X 0 0 0 STELLA THEODOULOU DIRECTOR 1.00 39.00 X 0 231852 92884 SUSANA ZIARATI DIRECTOR 1.00 X 0 0 0 WENDY GREUEL DIRECTOR 1.00 39.00 X 0 120000 1130 0 1537301 532884 0 0 1 0 GOLDMAN SACHS 2121 AVENUE OF THE STARS 26TH FLOO LOS ANGELES CA 90067 INVESTMENT MANAGEMENT 423578 1 174185 200366 15131574 1963963 15506125 PROGRAM INCOME 900099 624853 624853 624853 4299621 4299621 46424 46424 28872629 29643930 -771301 -771301 -771301 168777 200366 285004 -116227 -116227 MISCELLANEOUS REVENUE 900099 187890 187890 187890 19777385 812743 0 3458517 3340601 3340601 89350 89350 3262567 2405280 357656 499631 934823 689185 102479 143159 4892 3722 267 903 39706 30214 2167 7325 423578 423578 1069823 786869 123946 159008 613398 594339 2279 16780 851387 577645 103855 169887 174697 59867 66483 48347 196652 194816 307 1529 346926 313901 33025 54762 49271 5491 9465 8421 604 440 HOSPITALITY 998178 952740 15465 29973 PROGRAM COSTS 851246 824116 1656 25474 DUES & SUBSCRIPTIONS 269114 234340 9042 25732 CONTRIBUTED GOODS EXP. 255522 255522 381846 315666 55208 10972 14168533 12149443 841414 1177676 1253309 1875167 328255 2220765 21667712 22028691 25000 25000 207828 433209 0 0 133187494 147145112 23662959 18347471 4404160 5231114 184736717 197306529 267958 255400 267958 255400 X 30992505 33873406 72679788 76580084 80796466 86597639 184468759 197051129 184736717 197306529 5608852 6973518 0 X X 0 1 X 1 0 X 9842099 14814613 16949024 23929479 15506125 81041340 9842099 14814613 16949024 23929479 15506125 81041340 18737803 62303537 2369166 2768046 2725862 3191707 4346045 15400826 256795 186226 399240 362240 356667 1561168 98003334 2858995 0.63570 0.59440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2014 AMOUNT: $ 29,140. 2015 AMOUNT: $ 87,476. 2017 AMOUNT: $ 188,582. 2018 AMOUNT: $ 187,890. GROSS INCOME FROM FUNDRAISING EVENTS - 2014 AMOUNT: $ 227,655. 2015 AMOUNT: $ 98,750. 2016 AMOUNT: $ 399,240. 2017 AMOUNT: $ 173,658. 2018 AMOUNT: $ 168,777. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19300 3257638 X X 0 118059370 5801173 6611749 4245067 126227225 99108025 16766736 5673892 3489283 118059370 85843693 8276590 8557539 3569797 99108025 85851806 4896604 -2393187 2511530 85843693 85835162 2775049 -569394 2189011 85851806 0.06000 0.69000 0.25000 0 0 0 LIMITED PARTNERSHIPS 18347471 F 18347471 X 26612329 6973518 285004 7258522 19353807 423578 423578 19777385 14029959 285004 285004 13744955 423578 423578 14168533 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, 2019, THE FOUNDATION RECEIVED ART WHICH WAS APPRAISED AT $19,300. 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, 2019. THE FOUNDATION'S FEDERAL INCOME TAX RETURNS FOR FISCAL YEARS 2018, 2017 AND 2016 REMAIN OPEN. THE FOUNDATION'S STATE INCOME TAX RETURNS FOR FISCAL YEARS 2018, 2017, 2016 AND 2015 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 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 285,004. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 285,004. CMT GOLF CLASSIC 154385 86380 68005 19834 625 64063 DISTINGUISHED ALUMNI 75410 43500 31910 893 88694 42250 7 139348 70486 68862 2511 3883 35321 26930 369143 200366 168777 23238 3883 124640 133243 285004 -116227 1 CALIFORNIA STATE UNIVERSITY NORTHRIDGE 18111 NORDHOFF STREET NORTHRIDGE CA 91330 954358677 501(C)(3) 3140815 199786 PURCHASE PRICE EQUIPMENT STUDENT SCHOLARSHIPS & STIPENDS, CAPITAL PROJECTS 1 AWARDS 40 73850 STIPENDS 2 15500 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 COLIN DONAHUE DIRECTOR 0 257816 0 0 0 138 0 75154 0 26344 0 359452 0 0 DIANNE F HARRISON UNIVERSITY PRESIDENT 0 354536 0 0 0 14049 0 103365 0 22140 0 494090 0 0 IRA N UNTERMAN CHIEF FINANCIAL OFFICER 0 143838 0 0 0 138 0 42035 0 25465 0 211476 0 0 MARY-PATRICIA STEIN DIRECTOR (FACULTY REP) 0 132983 0 900 0 0 0 28690 0 19494 0 182067 0 0 ROBERT D GUNSALUS FOUNDATION PRESIDENT 0 243226 0 750 0 8388 0 70718 0 25465 0 348547 0 0 STELLA THEODOULOU DIRECTOR 0 231456 0 0 0 396 0 67419 0 25465 0 324736 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 4 23805 FMV X 1558 FMV X 150 X 50 44514 FMV X 39 1654601 FMV X 2 3750 FMV X ACADEMIC SUPPLIES 38 140683 FMV X EVENT SUPPLIES 33 52109 FMV X FOR AUCTIONS 295 42793 FMV 1 0 1 0 PART I, COLUMN (B): NON-CASH DONATIONS ARE LISTED BY THE NUMBER OF CONTRIBUTIONS. 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