CALIFORNIA STATE UNIVERSITY FOUNDA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

GREG SAKS

Phone

5629514810

Tax Period

2024-07-01 to 2025-06-30

CALIFORNIA STATE UNIVERSITY FOUNDATION, founded in 1962, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Net assets of $48.1M represent 116 months of operating reserves.

Mission

ESTABLISHED IN 1962, THE FOUNDATION IS THE CENTRAL FOUNDATION FOR THE CALIFORNIA STATE UNIVERSITY (CSU) SYSTEM AND SERVES THE OFFICE OF THE CHANCELLOR. THE FOUNDATION EXISTS TO SUPPORT EXCELLENCE IN TEACHING AND LEARNING, AND TO SERVE THE NATIONAL, STATE AND REGIONAL INTERESTS OF THE UNIVERSITY. THE CSU FOUNDATION IS COMMITTED TO ENHANCING AND PROMOTING THE CSU AS A LEADER OF VALUE AND QUALITY IN HIGHER EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $1,677,923

SUPPORT OF MAJOR CSU INITIATIVES SUCH AS IMPROVING THE GRADUATION RATE AND TEACHER PREPARATION THROUGH COLLABORATION WITH EXTERNAL FUNDERS.

Program 2

Expenses: $781,164 Revenue: $50,025

THE CSU FOUNDATION SUPPORTED THE EDUCATIONAL AND GOVERNANCE ACTIVITIES OF THE UNIVERSITY CAMPUSES, THROUGH REGULAR MEETINGS OF ITS TRUSTEES, PRESIDENTS, EMPLOYEES, AND ALUMNI LEADERS AS WELL AS...

THE CSU FOUNDATION SUPPORTED THE EDUCATIONAL AND GOVERNANCE ACTIVITIES OF THE UNIVERSITY CAMPUSES, THROUGH REGULAR MEETINGS OF ITS TRUSTEES, PRESIDENTS, EMPLOYEES, AND ALUMNI LEADERS AS WELL AS PROVIDING EMPLOYEE RECOGNITION.

Program 3

Expenses: $2,210,185

THE CSU FOUNDATION PROVIDED SCHOLARSHIPS TO STUDENTS THROUGHOUT THE CSU SYSTEM.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,909,660

Program Service Revenue $50,025

Investment Income $1,982,588

Other Revenue $19,981

TOTAL REVENUE $4,962,254

Expense Breakdown

Grants Paid $4,084,108

Salaries & Benefits $0

Fundraising Expenses $40,263

Program Expenses $4,669,272

Other Expenses $776,716

TOTAL EXPENSES $4,860,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,962,254	$3,946,366	+0.3%
Expenses	$4,860,824	$4,871,648	0.0%
Net Income	$101,430	$-925,282	-1.1%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$1,155,120

Total Directors

$1,119,143

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN CRELLIN	CHAIR	1.00	Officer Director	$0	$0	$0
GILLIAN A WRIGHT	VICE CHAIR (THRU 4/15/2025)	1.00	Officer Director	$0	$0	$0
RONALD FONG	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL A LUCKI	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN H AUGUSTINE	DIRECTOR	1.00	Director	$0	$0	$0
RONALD R BARHORST	DIRECTOR	1.00	Director	$0	$0	$0
MILDRED GARCIA	CHANCELLOR-EX OFFICIO	2.00	Director	$0	$149,098	$1,119,143
KIMBERLEY GOODE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LIZARRAGA	DIRECTOR	1.00	Director	$0	$0	$0
LORENE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
AARON MOSS	DIRECTOR	1.00	Director	$0	$0	$0
HENRY T PEREA	DIRECTOR	1.00	Director	$0	$0	$0
ALI C RAZI	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN R STUCK	DIRECTOR	1.00	Director	$0	$0	$0
MARK W TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
GADDI H VASQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WELLS	DIRECTOR	1.00	Director	$0	$0	$0
GREG SAKS	PRESIDENT & CEO	3.00	Officer	$0	$130,632	$536,933
WENDY CHAVIRA GARCIA	VP & COO, ASSIST. SECRETARY	18.00	Officer	$0	$74,398	$182,353
MELISSA WATKINS	CHIEF ADMINISTRATIVE OFFICER	6.00	Officer	$0	$46,387	$184,681
AARON J MOORE	CHIEF FINANCIAL OFFICER	18.00	Officer	$0	$79,364	$251,153
STEVE RELYEA	PRESIDENT (THRU 2/11/2024)	0.00		$0	$131,913	$536,840

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	$4,962,254	$4,860,824	$58,018,753	$101,430
2024	$3,946,366	$4,871,648	$54,755,126	$-925,282
2023	$6,047,467	$6,105,615	$52,244,954	$-58,148
2022	$7,787,647	$7,155,121	$50,863,822	$632,526
2021	$11,144,643	$5,856,659	$56,910,001	$5,287,984
2020	$8,628,946	$8,945,736	$43,844,906	$-316,790
2019	$10,803,981	$6,608,998	$44,675,277	$4,194,983
2018	$9,541,516	$7,218,373	$39,390,827	$2,323,143

CALIFORNIA STATE UNIVERSITY FOUNDATION