2016-05-12T18:08:35-05:00 2015-06-30 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 900 SACRAMENTO CA 95814 990 2014-07-01 954115921 NORTH CAMPUS - UNIVERSITY PARK DEVELOPMENT CORPORATION NORT 8186774815 18111 NORDHOFF STREET NORTHRIDGE CA 913308310 RICK EVANS EXECUTIVE DIRECTOR 8186774815 2016-05-12 1 LISA M CUMMINGS CPA P00043433 9164429100 2014 2016-08-17 19:52:53Z RICK EVANS 18111 NORDHOFF STREET NORTHRIDGE CA 913308310 728883 0 X WWW.CSUN.EDU/NORTHCAMPUS X 1987 CA NORTH CAMPUS DEVELOPMENT CORPORATION IS A SECTION 509(A)(3) SUPPORTING ORGANIZATION TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE AND IS INSTRUMENTAL IN THE DEVELOPMENT OF 65 ACRES OF UNIVERSITY-OWNED LAND (NORTH CAMPUS). THE CORPORATION HAS SET GOALS IN THE DEVELOPMENT OF NORTH CAMPUS, INCLUDING ESTABLISHING STRONG ACADEMIC TIES AND ACADEMIC FACILITIES SPANNING A BROAD RANGE OF THE UNIVERSITY'S COLLEGES AND DEPARTMENTS, AND ENSURING A STEADY, PREDICTABLE AND SAFE SOURCE OF REVENUE WITH NO FINANCIAL RISK TO THE UNIVERSITY. 7 2 0 2 31401 -7535 0 0 605520 695472 20412 33411 0 0 625932 728883 0 250000 0 0 64783 69202 0 0 0 256475 83828 321258 403030 304674 325853 2063893 2342343 76913 73924 1986980 2268419 X NORTH CAMPUS DEVELOPMENT CORPORATION IS A SECTION 509(A)(3) SUPPORTING ORGANIZATION TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE AND IS INSTRUMENTAL IN THE DEVELOPMENT OF 65 ACRES OF UNIVERSITY-OWNED LAND (NORTH CAMPUS). THE CORPORATION HAS SET GOALS IN THE DEVELOPMENT OF NORTH CAMPUS, INCLUDING ESTABLISHING STRONG ACADEMIC TIES AND ACADEMIC FACILITIES SPANNING A BROAD RANGE OF THE UNIVERSITY'S COLLEGES AND DEPARTMENTS, AND ENSURING A STEADY, PREDICTABLE AND SAFE SOURCE OF REVENUE WITH NO FINANCIAL RISK TO THE UNIVERSITY. 0 0 397691 250000 664071 UNIVERSITY PROJECTS - SEE SCHEDULE O 397691 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 7 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X LIH WU CFO THE UNIVERSITY CORPORATION 8186774815 18111 NORDHOFF STREET NORTHRIDGE CA 913308310 DIANNE F HARRISON CSUN PRESIDENT 0.20 39.80 X 0 340309 86532 COLIN DONAHUE CSUN VP ADMIN/FIN. 0.20 39.80 X 0 215484 69219 DAVID HONDA DIRECTOR 0.20 X 0 0 0 RICK EVANS EXECUTIVE DIRECTOR 8.00 32.00 X X 33694 134776 62069 DANIEL MCCONAUGHY CSUN FACULTY 0.20 39.80 X 0 97169 39574 WILLIAM WATKINS CSUN VP STUDENT AFFAIRS 0.20 39.80 X 0 198351 61728 TALAR ALEXANIAN ASSOC. STUDENTS V.P. 0.20 39.80 X 0 0 0 33694 986089 319122 0 0 1 0 0 LEASE REVENUE 900099 664071 664071 PARKING LOT RENTAL 900099 31401 31401 695472 33411 33411 728883 664071 31401 33411 250000 250000 46108 46108 14245 14245 8849 8849 2606 2606 14400 14400 3140 3140 122 122 4529 4529 REPAIRS & MAINTENANCE 58136 58136 DUES & SUBSCRIPTIONS 810 810 TAXES 85 85 403030 397691 5339 0 137897 123723 142286 67319 2100 1138971 1533826 642639 617475 2063893 2342343 18160 11180 39967 43958 18786 18786 76913 73924 X 1986980 2268419 1986980 2268419 2063893 2342343 325853 -44414 0 X X 0 1 X 1 0 X X 1 CAL STATE UNIV NORTHRIDGE 954358677 6 1 250000 0 1 250000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X PART IV, SECTION E, LINE 1C: THE ORGANIZATION IS DEVELOPING 65 ACRES OF UNIVERSITY-OWNED LAND (NORTH CAMPUS) AND SETTING GOALS IN THE DEVELOPMENT OF NORTH CAMPUS, INCLUDING ESTABLISHING STRONG ACADEMIC TIES AND ACADEMIC FACILITIES SPANNING A BROAD RANGE OF THE CALIFORNIA STATE UNIVERSITY, NORTHRIDGE'S COLLEGES AND DEPARTMENTS, AND ENSURING A STEADY, PREDICTABLE AND SAFE SOURCE OF REVENUE WITH NO FINANCIAL RISK TO THE UNIVERSITY. THE ORGANIZATION IS OPERATED SOLELY FOR THE BENEFIT OF THE CAMPUS. 0 DEFERRED RENT RECEIVABLE 617475 617475 SECURITY DEPOSITS 18786 18786 X 684469 -44414 -44414 728883 0 728883 403030 0 403030 0 403030 PART X, LINE 2: THE CORPORATION IS A NON-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 CORPORATION HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2015. THE CORPORATION'S FEDERAL INCOME TAX RETURNS FOR FISCAL YEARS 2014, 2013, AND 2012 REMAIN OPEN. THE CORPORATION'S STATE INCOME TAX RETURNS FOR FISCAL YEARS 2014, 2013, 2012, AND 2011 REMAIN OPEN. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, THE CORPORATION RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF INCOME TAX EXPENSE AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCRUED EXPENSES IN THE STATEMENT OF FINANCIAL POSITION. 1 CALIFORNIA STATE UNIVERSITY NORTHRIDGE 18111 NORDHOFF STREET NORTHRIDGE CA 91330 954358677 501(C)(3) 250000 UNIVERSITY PROJECTS 1 PART I, LINE 2: THE ORGANIZATION MONITORS THE GRANTS TO THE UNIVERSITY TO ENSURE THAT THE GRANTS ARE USED FOR ITS EXEMPT PURPOSE. 0 0 0 0 0 0 0 0 0 DIANNE F HARRISON CSUN PRESIDENT 0 328309 0 0 0 12000 0 66331 0 20201 0 426841 0 0 COLIN DONAHUE CSUN VP ADMIN/FIN. 0 215484 0 0 0 0 0 48344 0 20875 0 284703 0 0 RICK EVANS EXECUTIVE DIRECTOR 33694 134776 0 0 0 0 7403 29612 5011 20043 46108 184431 0 0 WILLIAM WATKINS CSUN VP STUDENT AFFAIRS 0 198351 0 0 0 0 0 44208 0 17520 0 260079 0 0 PART I, LINE 3 CALIFORNIA STATE UNIVERSITY, NORTHRIDGE ESTABLISHED AND MAINTAINS THE COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR. COMPENSATION IS DETERMINED BY CAMPUS OFFICE OF HUMAN RESOURCES USING CALIFORNIA STATE UNIVERSITY APPROVED METHODOLOGIES FOR DETERMINING COMPARABLE COMPENSATION. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: THE 65 ACRES OF UNIVERSITY-OWNED LAND ("NORTH CAMPUS") ON WHICH THE PROJECT IS BEING DEVELOPED ARE LEASED FROM THE UNIVERSITY. THE CORPORATION HAS SET GOALS IN THE DEVELOPMENT OF NORTH CAMPUS, INCLUDING ESTABLISHING STRONG ACADEMIC TIES AND ACADEMIC FACILITIES SPANNING A BROAD RANGE OF THE UNIVERSITY'S COLLEGES AND DEPARTMENTS, AND ENSURING A STEADY, PREDICTABLE, AND SAFE SOURCE OF REVENUE WITH NO FINANCIAL RISK TO THE UNIVERSITY. CAPITAL TOTALING $4.6 MILLION TO FORM AND BEGIN THE PROJECT WAS CONTRIBUTED BY WATT INDUSTRIES. THE SECOND DEVELOPMENT IS A FACULTY/STAFF HOUSING PROJECT CONSISTING OF APPROXIMATELY 400 UNITS. THESE UNITS WILL BE BUILT IN FOUR PHASES ON APPROXIMATELY 32 ACRES. THE FIRST PHASE WILL HAVE 159 UNITS AND WAS SCHEDULED TO BEGIN CONSTRUCTION IN THE FALL OF 2010. AS A RESULT OF REAL ESTATE MARKET CONDITIONS, THE BOARD OF DIRECTORS VOTED IN JANUARY 2009 TO SUSPEND THIS PROJECT UNTIL SUCH TIME AS THE PROJECT IS FINANCIALLY VIABLE. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990 IS POSTED ONLINE AND BOARD MEMBERS ARE NOTIFIED VIA E-MAIL TO REVIEW THE REPORT AND RESPOND WITH ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C TO AVOID CONFLICTS OF INTEREST, STRICT RULES APPLY TO TRANSACTIONS IN WHICH BOTH THE ORGANIZATION AND ITS DIRECTORS OR OFFICERS OR THEIR RELATIVES HAVE FINANCIAL INTERESTS. TO AVOID PERSONAL LIABILITY AND VARIOUS PENALTIES CIVIL AND CRIMINAL, EACH DIRECTOR IS REQUIRED TO SCRUTINIZE ANY SUCH TRANSACTION WITH PARTICULAR CARE TO ASSURE THAT ALL APPLICABLE RULES HAVE DEFINITELY BEEN SATISFIED. A DIRECTOR OF A CSU AUXILIARY MAY NOT BE FINANCIALLY INTERESTED IN A CONTRACT OR OTHER TRANSACTION WITH THE AUXILIARY (SELF-DEALING). ANY SUCH CONTRACT OR TRANSACTION IS VOID, UNLESS THE DIRECTOR'S FINANCIAL INTEREST IS REMOTE; THE FINANCIAL TRANSACTION WAS ADEQUATELY DISCLOSED TO THE BOARD; THE DIRECTOR DID NOT PROMOTE THE TRANSACTION BEFORE THE DISCLOSURE; THE BOARD APPROVED THE TRANSACTION WITHOUT THE VOTE OF THE INTERESTED DIRECTOR; AND THE DEAL WAS JUST AND REASONABLE TO THE AUXILIARY AT THE TIME THE BOARD APPROVED IT. GENERALLY, BOARD APPROVAL MUST BE OBTAINED PRIOR TO CONSUMMATING A SELF-DEALING TRANSACTION OR ANY PART OF IT. THE BOARD MUST AUTHORIZE THE TRANSACTION IN GOOD FAITH, BY A VOTE OF A MAJORITY OF THE DIRECTORS THEN IN OFFICE WITHOUT COUNTING THE VOTE OF ANY INTERESTED DIRECTOR (ALTHOUGH INTERESTED DIRECTORS MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT THE MEETING). PRIOR TO THE VOTE, THE DIRECTORS MUST HAVE KNOWLEDGE OF THE MATERIAL FACTS CONCERNING THE TRANSACTION AND THE DIRECTOR'S INTEREST IN THE TRANSACTION. THE BOARD MUST CONSIDER, AND IN GOOD FAITH DETERMINE AFTER REASONABLE INVESTIGATION UNDER THE CIRCUMSTANCES, THAT THE CORPORATION COULD NOT HAVE OBTAINED A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES. FORM 990, PART VI, SECTION B, LINE 15A CALIFORNIA STATE UNIVERSITY, NORTHRIDGE ESTABLISHED AND MAINTAINS THE COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR. COMPENSATION IS DETERMINED BY CAMPUS OFFICE OF HUMAN RESOURCES USING CALIFORNIA STATE UNIVERSITY APPROVED METHODOLOGIES FOR DETERMINING COMPARABLE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS, ARTICLES OF INCORPORATION, BOARD MEETING MINUTES, ANNUAL BUDGETS, AUDITED FINANCIAL REPORTS, AND TAX RETURNS ARE POSTED ON COMPANY WEBSITE FOR PUBLIC ACCESS. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CALIFORNIA STATE UNIVERSITY NORTHRIDGE 18111 NORDHOFF STREET NORTHRIDGE CA 91330 954358677 ACCREDITED PUBLIC UNIVERSITY CA 501(C)(3) LINE 6 N/A 0 THE UNIVERSITY CORPORATION 18111 NORDHOFF STREET NORTHRIDGE CA 91330 951992732 SUPPORTING ORGANIZATION FOR CALIFORNIA STATE UNIVERSITY, NORTHRIDGE 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 CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION 18111 NORDHOFF STREET NORTHRIDGE CA 91330 956196006 RESPONSIBLE FOR PHILANTHROPIC FUNDS/GIFTS RAISED FOR CSU NORTHRIDGE CA 501(C)(3) LINE 5 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0