2017-05-15T10:37:35-05:00 2016-06-30 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 990 2015-07-01 956196006 CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION CALI 8186774657 18111 NORDHOFF STREET NORTHRIDGE CA 913308296 IRA UNTERMAN CFO 8186774657 2017-05-15 1 LISA M CUMMINGS CPA P00043433 9164429100 2015 2021-01-29 14:40:06Z ROBERT GUNSALUS 18111 NORDHOFF STREET NORTHRIDGE CA 913308296 22664703 0 X WWW.CSUN.EDU/FOUNDATION X 1995 CA SUPPORT AND ENHANCE THE VISION, MISSION, AND VALUES OF CALIFORNIA STATE UNIVERSITY, NORTHRIDGE. 45 38 0 50 0 0 9842099 14814613 765957 547344 8708445 2645160 56975 124275 19373476 18131392 2350077 2713211 0 0 1796020 1692205 0 0 222069 5061747 6317259 9207844 10722675 10165632 7408717 140451907 143729713 111404 232054 140340503 143497659 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 9625950 2713211 634820 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. 9625950 1 1 0 0 0 0 0 1 0 1 1 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 1 147 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 45 38 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 IVAN AXELROD DIRECTOR 1.00 X 0 0 0 VINCENT BARABBA DIRECTOR 1.00 X 0 0 0 SARA BAUER DIRECTOR 1.00 X 0 0 0 HARVEY BOOKSTEIN DIRECTOR 1.00 X 0 0 0 JOHN BRADLEY DIRECTOR 1.00 X 0 0 0 RALPH COURTNEY DIRECTOR 1.00 X 0 0 0 LESLIE CUTLER DIRECTOR 1.00 X 0 0 0 DENNIS DE YOUNG DIRECTOR 1.00 X 0 0 0 COLIN DONAHUE DIRECTOR 2.00 38.00 X 0 223998 79012 RICHARD ELLISON SECRETARY 1.00 X X 0 55664 16418 EARL ENZER CHAIR 2.00 X X 0 0 0 CHRISTOPHER ERICKSON DIRECTOR 1.00 X 0 0 0 DAVID FLEMING DIRECTOR 1.00 X 0 0 0 CARLOS FUENTES DIRECTOR 1.00 X 0 0 0 CHARLES GILBERT DIRECTOR 1.00 X 0 0 0 JOHN GOLISCH DIRECTOR 1.00 X 0 0 0 BRYAN GREEN DIRECTOR 1.00 X 0 0 0 WILLIAM GRIFFETH DIRECTOR 1.00 X 0 0 0 ROBERT GUNSALUS FOUNDATION PRESIDENT 10.00 30.00 X X 0 224883 78078 RUTH HARRIS DIRECTOR 1.00 X 0 0 0 DIANNE HARRISON UNIVERSITY PRESIDENT 3.00 37.00 X X 0 351262 96416 DAVID HONDA DIRECTOR 1.00 X 0 0 0 MARK LAINER DIRECTOR 1.00 X 0 0 0 DEANE LEAVENWORTH DIRECTOR 1.00 X 0 0 0 CARY LEFTON DIRECTOR 1.00 X 0 0 0 GEORGE LEIS DIRECTOR 1.00 X 0 0 0 BARBARA LEVY DIRECTOR 1.00 X 0 0 0 YI LI DIRECTOR 1.00 X 0 101771 33614 PHILIP MAGARAM IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 DAVID MALONE DIRECTOR 1.00 X 0 0 0 PHILIP MUNDY DIRECTOR 1.00 X 0 0 0 RONALD MYHAN DIRECTOR 1.00 X 0 0 0 ROBERT MYMAN DIRECTOR 1.00 X 0 0 0 SANFORD PARIS DIRECTOR 1.00 X 0 0 0 JOY PICUS DIRECTOR 1.00 X 0 0 0 ROBERT RAWITCH DIRECTOR 1.00 5.00 X 0 9190 0 JORGE REYES DIRECTOR 1.00 X 0 16915 0 JAMES RING DIRECTOR 1.00 X 0 0 0 CARSON SCHREIBER DIRECTOR 1.00 X 0 0 0 DALE SUROWITZ DIRECTOR 1.00 X 0 0 0 ADAM SWENSON DIRECTOR 1.00 39.00 X 0 77955 34782 ROBERT TAYLOR DIRECTOR 1.00 X 0 0 0 IRA UNTERMAN CHIEF FINANCIAL OFFICER 15.00 25.00 X X 0 127561 63438 MILTON VALERA DIRECTOR 1.00 X 0 0 0 IRVING ZAKHEIM DIRECTOR 1.00 X 0 0 0 0 1189199 401758 0 0 1 0 NORTHERN TRUST 355 S GRAND AVE STE 2600 LOS ANGELES CA 90071 INVESTMENT MANAGEMENT 531098 1 182580 96276 14535757 6241031 14814613 PROGRAM INCOME 900099 547344 547344 547344 2704027 2704027 64019 64019 4348474 4407341 -58867 -58867 -58867 98750 96276 125970 -27220 -27220 BAD DEBT RECOVERY 900099 86436 86436 FEE INCOME 900099 1040 1040 87476 18131392 634820 0 2681959 2626352 2626352 86859 86859 1383149 1325460 53244 4445 309056 268861 40195 720 720 36320 36320 535015 535015 624672 591359 13226 20087 718427 717993 434 395462 332190 17773 45499 114298 55847 58301 150 223737 223711 26 27397 27012 385 25809 13098 12711 PROGRAM COSTS 988609 988305 304 CAMPUS CAPITAL PROJECTS 890048 890048 HOSPITALITY 418407 329458 12976 75973 EQUIPMENT COSTS 328734 324121 4613 989604 824556 89978 75070 10722675 9625950 874656 222069 560681 964422 2550752 1973019 10484593 8650284 13831 0 220192 215482 83721 94465 828979 828979 0 0 104436286 108251227 19629918 19145677 2471933 4435137 140451907 143729713 74070 138785 37334 93269 111404 232054 X 20357705 18350326 69126262 69394193 50856536 55753140 140340503 143497659 140451907 143729713 7408717 -4251561 0 X X 0 1 X 1 0 X 6639094 10693009 17469582 9482099 14814613 59098397 6639094 10693009 17469582 9482099 14814613 59098397 8139505 50958892 2786611 2431302 2478442 2369166 2768046 12833567 40529 122374 149832 29140 87476 429351 72361315 3068731 0.70420 0.69350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 40,529. 2012 AMOUNT: $ 122,374. 2013 AMOUNT: $ 149,832. 2014 AMOUNT: $ 29,140. 2015 AMOUNT: $ 87,476. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1921700 2795000 X 0 85851806 4896604 -2393187 2511530 85843693 85835162 2775049 -569394 2189011 85851806 63079491 5709163 8717527 77506181 54596067 5083644 6468265 3030952 63117024 58684304 3061022 -1664680 5484579 54596067 0.01460 0.64950 0.33590 0 0 828979 828979 0 0 LIMITED PARTNERSHIPS 19145677 F 19145677 DUE TO RELATED PARTIES 93269 93269 X 13354526 -4251561 125970 -4125591 17480117 535015 116260 651275 18131392 10197370 39534 39534 10157836 535015 29824 564839 10722675 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, 2016, THE FOUNDATION RECEIVED ART WHICH WAS APPRAISED AT $1,921,700. 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, 2016. THE FOUNDATION'S FEDERAL INCOME TAX RETURNS FOR FISCAL YEARS 2015, 2014, AND 2013 REMAIN OPEN. THE FOUNDATION'S STATE INCOME TAX RETURNS FOR FISCAL YEARS 2015, 2014, 2013, AND 2012 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 125,970. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT RECOVERY 86,436. FUNDRAISING INCOME 29,824. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 125,970. BAD DEBT RECOVERY -86,436. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING INCOME 29,824. CONSTR MGMT GOLF TOURNAMENT 91775 52065 39710 18391 9600 15054 25765 BOB HEIGERT GOLF TOURNAMENT 39174 22769 16405 4079 13834 2740 5680 4 64076 21442 42634 1636 14947 9701 4542 195025 96276 98749 24106 38381 27495 35987 125969 -27220 1 CALIFORNIA STATE UNIVERSITY NORTHRIDGE 18111 NORDHOFF STREET NORTHRIDGE CA 91330 954358677 501(C)(3) 2610652 STUDENT SCHOLARSHIPS UNIVERSITY STUDENT UNION 18111 NORDHOFF STREET NORTHRIDGE CA 91330 237321859 501(C)(3) 5000 STUDENT SCHOLARSHIPS THE UNIVERSITY CORPORATION 18111 NORDHOFF STREET NORTHRIDGE CA 91330 951992732 501(C)(3) 10700 STUDENT SCHOLARSHIPS 3 SCHOLARSHIPS 51 86859 PART I, LINE 2: THE GRANTS PAID TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE ("THE UNIVERSITY"), UNIVERSITY STUDENT UNION, THE UNIVERSITY CORPORATION 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 223860 0 0 0 138 0 55690 0 23322 0 303010 0 0 ROBERT GUNSALUS FOUNDATION PRESIDENT 0 224793 0 0 0 90 0 55690 0 22388 0 302961 0 0 DIANNE HARRISON UNIVERSITY PRESIDENT 0 337678 0 0 0 13584 0 76780 0 19636 0 447678 0 0 IRA UNTERMAN CHIEF FINANCIAL OFFICER 0 127423 0 0 0 138 0 33550 0 29888 0 190999 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 1921700 FMV X 18 277324 FMV X 2 43535 FMV X 1 26031 FMV X ACAD SUPPLIES 4 87173 FMV X EVNT SUPPLIES 1 8670 FMV 0 1 0 PART I, COLUMN (B): NON-CASH DONATIONS ARE LISTED BY THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11 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: NO CHANGES WERE MADE TO THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR, AS COMPARED TO THE PRIOR TAX YEAR. CALIFORNIA STATE UNIVERSITY NORTHRIDGE 18111 NORDHOFF STREET NORTHRIDGE CA 91330 954358677 ACCREDITED PUBLIC UNIVERSITY CA 501(C)(3) LINE 6 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 11C, 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 11C, 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 11C, 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 11C, III-FI N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0