LONG BEACH STATE FOUNDATION

EIN: 452163910 501(c)(3) Education

LONG BEACH, CA

Total Revenue
$55,360,067
Total Expenses
$17,129,344
Total Assets
$230,154,656
Net Assets
$227,794,771
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
SCOTT APEL
Phone
5629855778
Tax Period
2024-07-01 to 2025-06-30

LONG BEACH STATE FOUNDATION, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $55.4M in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38.2M, a strong 69% operating margin.

Mission

THE FOUNDATION SEEKS, SECURES AND MANAGES PRIVATE SUPPORT FOR CALIFORNIA STATE UNIVERSITY, LONG BEACH. (SEE SCHEDULE O)AS THE PHILANTHROPIC FOUNDATION FOR THE UNIVERSITY, ALL DONATIONS IN SUPPORT OF OUR STUDENTS, FACULTY, PROGRAMS AND COLLEGES ARE PROCESSED THROUGH THE FOUNDATION AND MADE AVAILABLE FOR THE PURPOSES OUR DONORS SPECIFY. THESE FUNDS ARE USED TO SUPPORT CSULB STUDENT SCHOLARSHIPS, CLASSROOM EXPERIENCES, FACULTY AND PROGRAMS AS WELL AS FACILITY ENHANCEMENTS. THE FOUNDATION WILL CONTINUE TO SEEK FUNDS TO SUPPORT CSULB STUDENT SCHOLARSHIPS AND PROGRAMMATIC FUNDS, AS WELL AS COMPLETE CAPITAL PROJECTS LIKE THE ALUMNI AND VISITORS CENTER AND OTHER HIGH PRIORITY PROJECTS IN THE YEAR AHEAD.

Program Service Accomplishments

Program 1
Expenses: $8,115,769 Revenue: $1,272,053

PROVIDE FINANCIAL SUPPORT TO THE FACULTY AND PROGRAMS OF THE UNIVERSITY AS PER DONORS' SPECIFIC INSTRUCTIONS. SPENDING OCCURRED IN THE FOLLOWING AREAS:-SUPPORT FOR ACADEMIC DEPARTMENTS, CHAIRS, AND...

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PROVIDE FINANCIAL SUPPORT TO THE FACULTY AND PROGRAMS OF THE UNIVERSITY AS PER DONORS' SPECIFIC INSTRUCTIONS. SPENDING OCCURRED IN THE FOLLOWING AREAS:-SUPPORT FOR ACADEMIC DEPARTMENTS, CHAIRS, AND PROGRAMS -$5,526,682-SUPPORT FOR STUDENT PROGRAMS AND DEPARTMENTAL ACTIVITIES -$2,395,062-SUPPORT FOR COMMUNITY SERVICE ACTIVITIES -$160,106-SUPPORT FOR OTHER INSTITUTIONAL ACTIVITIES - $33,919

Program 2
Expenses: $5,366,225

PROVIDE FINANCIAL SUPPORT TO STUDENTS IN THE FORM OF SCHOLARSHIPS. DURING THE REPORTING PERIOD, A TOTAL OF 1,992 STUDENTS RECEIVED SCHOLARSHIPS.

Program 3
Expenses: $423,688

SUPPORT FOR CAMPUS CAPITAL PROJECTS AND BUILDING MAINTENANCE FOR THE ALUMNI CENTER AS PER DONORS' SPECIFIC INSTRUCTIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $34,229,387
Program Service Revenue $1,272,053
Investment Income $19,882,328
Other Revenue $-23,701
TOTAL REVENUE $55,360,067

Expense Breakdown

Grants Paid $5,366,225
Salaries & Benefits $4,239,653
Fundraising Expenses $1,727,702
Program Expenses $13,905,682
Other Expenses $7,523,466
TOTAL EXPENSES $17,129,344

Year-over-Year Comparison

2024 2023 Change
Revenue $55,360,067 $24,770,615 +1.2%
Expenses $17,129,344 $17,620,598 0.0%
Net Income $38,230,723 $7,150,017 +4.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
23
Independent Members
18
Employees
N/A
Volunteers
18

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$2,147,383
Total Directors
23
$2,147,383
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE CLOSE CONOLEY UNIV. PRESIDENT (CSULB PRESIDENT) 1.00
Officer Director
$0 $134,984 $620,827
SCOTT APEL TREASURER/CFO (CSULB VP ADMIN) 1.00
Officer Director
$0 $134,482 $445,336
DAN MONTOYA CEO (CSULB VP UNIV. RELATIONS) 1.00
Officer Director
$0 $114,930 $428,864
KEVIN CROWE COO (CSULB AVP DEVELOPMENT) 1.00
Officer Director
$0 $101,152 $327,944
CHRISTOPHER REESE SECRETARY (CSULB AVP UNIV) 1.00
Officer Director
$0 $107,425 $324,412
ANNETTE KASHIWABARA DEVELOPMENT COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
DONNY LOPICCOLO FINANCE & INVESTMENT COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
KENNETH W MILLER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
THOMAS PHELPS IV AUDIT COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
NEIL HULTGREN ACADEMIC SENATE CHAIR 1.00
Director
$0 $0 $0
NIKKI MAJIDI ASI PRESIDENT 1.00
Director
$0 $0 $0
ROSALIE BARCINAS DIRECTOR 1.00
Director
$0 $0 $0
MARILYN BOHL DIRECTOR 1.00
Director
$0 $0 $0
L NELSON FARRIS DIRECTOR 1.00
Director
$0 $0 $0
BOB FOSTER DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN HANSEN DIRECTOR 1.00
Director
$0 $0 $0
IZUMI HARA DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM R HANSEN DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE HIGLEY DIRECTOR 1.00
Director
$0 $0 $0
SAID HILAL DIRECTOR 1.00
Director
$0 $0 $0
DANIEL R RODRIGUEZ DIRECTOR 1.00
Director
$0 $0 $0
ROBERT SUMMERS DIRECTOR 1.00
Director
$0 $0 $0
DIANA BOURCIER DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $55,360,067 $17,129,344 $230,154,656 $38,230,723
2024 No data No data No data No data
2023 $23,598,370 $18,514,822 $165,565,983 $5,083,548
2023 $23,598,370 $18,514,822 $165,565,983 $5,083,548
2022 $37,179,271 $21,912,797 $155,578,430 $15,266,474
2021 $25,211,455 $12,068,931 $167,024,909 $13,142,524
2020 $24,744,476 $13,579,574 $130,990,830 $11,164,902
2019 $21,415,185 $13,591,278 $118,200,940 $7,823,907
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