Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Sdsu Foundation Veba Trust for Post Retirement Healthcare Benefits
990 • Fiscal year 2016 • EIN 33-0712822
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.87x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
47th percentile
Higher net margin than 47% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 2.1% of source-year revenue.
Asset Growth
65th percentile
Faster asset growth than 65% of similar nonprofits.
Revenue Growth
31st percentile
Faster revenue growth than 31% of similar nonprofits.
Balance Sheet
Assets
Up$10,220,663
Up $733,497 (+7.7%) from 2015
Net Assets
Up$1,284,940
Up $193,980 (+18%) from 2015
Liabilities
Up$8,935,723
Up $539,517 (+6.4%) from 2015
Revenue And Expenses
Revenue
Down$9,680,893
Down $197,634 (-2.0%) from 2015
Expenses
Down$9,520,069
Down $398,094 (-4.0%) from 2015
Net Income
Up$160,824
Up $200,460 (+506%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Aug 28, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $9,680,893
Mission and Program Overview
Mission
To provide post retirement health benefits to eligible employees of San Diego State University Research Foundation
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $9,418,321 | $10,096,682 | ▲ $678,361 |
| Cap Stk Tr Prin Current Funds | $1,090,960 | $1,284,940 | ▲ $193,980 |
| Accounts Receivable | $68,845 | $123,981 | ▲ $55,136 |
| Cash and Non-Interest-Bearing Accounts | - | $0 | - |
| Savings and Temporary Cash Investments | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $9,487,166 | $10,220,663 | ▲ $733,497 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Other Liabilities | $8,368,656 | $8,904,620 | ▲ $535,964 |
| Accounts Payable and Accrued Expenses | $27,550 | $31,103 | ▲ $3,553 |
| Total Liabilities | $8,396,206 | $8,935,723 | ▲ $539,517 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $1,090,960 | $1,284,940 | ▲ $193,980 |
| Total Liabilities and Net Assets / Fund Balance | $9,487,166 | $10,220,663 | ▲ $733,497 |
Compensation and Service Providers
Employees
| Name | Title | Other | Total |
|---|---|---|---|
| Victoria W Kern | Trustee | $142,018 | $142,018 |
Board Members and Trustees
| Name | Title |
|---|---|
| Robert S Blizinski | Trustee |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $9,463,295
- Investment Income
- $217,598
- Other Revenue
- $0
- Change in Net Assets
- $160,824
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $9,680,893
- Revenue Not Reported on Form 990
- $590,788
- Total Revenue per Audited Statements
- $10,271,681
- Total Revenue per Form 990
- $9,680,893
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $31,103 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Benefits to Members | $9,488,966 | - | - | $9,488,966 |
| Fees for Services Accounting | - | $31,103 | - | $31,103 |
| Total Functional Expenses | $9,488,966 | $31,103 | $0 | $9,520,069 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $9,520,069 |
| Total Expenses per Audited Statements | $9,520,069 |
| Total Expenses per Form 990 | $9,520,069 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Robert S Blizinski | Senior Mgmt, Sponsor | Salary from Sponsor | No | $166,219 |
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Post Retirement Benefit Obligation | $8,798,193 |
| Employer Premium Payable | $106,427 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- No
- Business relationship with family members
- No
- Business relationship with organization members
- Yes
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders
“All substantive actions of the trustees are subject to approval by the Board of Directors of SDSU Research Foundation. Contemporaneous minutes are maintained for the Board and all of its committees.”
Form 990, Part VI, Line 11B: Form 990 Review Process
“A draft copy of the Form 990 was furnished to the trustee signing the form. He reviewed it, asked questions and sought further clarifications.”
Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts
“Although there is not a separate conflict of interest policy for the VEBA Trust, the conflict of interest policies of SDSU Research Foundation are followed. SDSU Research Foundation requires each interested party (including the trustees of the VEBA Trust) to disclose annually interests that could give rise to conflicts. SDSU Research Foundation also monitors compliance with its conflict of interest policy through its purchasing and sponsored research development departments. SDSU Research Foundation staff reviews contracts and requisitions for potential conflicts. Many of its internal processing documents include affirmations regarding lack of conflicts. The Board of Directors is authorized to take whatever action it deems necessary to resolve potential or actual conflicts including: (1) prohibiting the interested party from discussions or decisions regarding the conflict of interest; (2) modifying or redefining the duties and responsibilities of the interested party; or (3) requiring the resignation of the interested party.The organization also follows the written whistleblower and document retention policies of SDSU Research Foundation.”
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
“Form 990 and the audited financial statements of the Trust are available upon request. The requested documents can be delivered electronically or in printed form at the request of the recipient. No charge for copying has ever been imposed.”
Filing and Contact Details
Filer
- Filer Name
- SDSU Foundation VEBA Trust for
- EIN
- 33-0712822
- Phone
- 6195945771
- Address
- 5250 Campanile Drive, San Diego, CA 92182
Signing Officer
- Name
- Robert S Blizinski
- Title
- Trustee
- Signed
- 2017-08-28
- Discuss with paid preparer
- Yes
Organization Details
- Formed
- 1984
- Legal Domicile
- CA
- Voting Board Members
- 2
- Independent Board Members
- 0
- Employees
- 0
Preparer
- Firm
- Richard H Rechif Jr CPA
- Address
- 1240 India Street Suite 308, San Diego, CA 92101
- Preparer
- Richard H Rechif Jr
- Phone
- 6199975134
Supplemental Narrative
Additional Explanations
Other Changes In Net Assets Or Fund Balances - Other Decreases
“Increase in ALBO Liability = -$557632”
Form 990, Part XII, Line 2: Change of Oversight or Selection Process
“The oversight process has not changed. The Trust does not have a separate Audit Committee. The responsibilities for oversight of the Trust's audit have been performed by the Audit Committee of SDSU Research Foundation.”
Raw XML Appendix378 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DistributionToDonorInd | 0 | false |
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| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | false |
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| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 9488966 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 31103 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
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| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 21900 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 32500 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Victoria W Kern |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Robert S Blizinski |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Trustee |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/Form990TFiledInd | 0 | true |
| IRS990/FormationYr | 0 | 1984 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
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| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 2 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 9680893 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
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| IRS990/IndependentVotingMemberCnt | 0 | 0 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | All substantive actions of the trustees are subject to approval by the Board of Directors of SDSU Research Foundation. Contemporaneous minutes are maintained for the Board and all of its committees. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | A draft copy of the Form 990 was furnished to the trustee signing the form. He reviewed it, asked questions and sought further clarifications. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Although there is not a separate conflict of interest policy for the VEBA Trust, the conflict of interest policies of SDSU Research Foundation are followed. SDSU Research Foundation requires each interested party (including the trustees of the VEBA Trust) to disclose annually interests that could give rise to conflicts. SDSU Research Foundation also monitors compliance with its conflict of interest policy through its purchasing and sponsored research development departments. SDSU Research Foundation staff reviews contracts and requisitions for potential conflicts. Many of its internal processing documents include affirmations regarding lack of conflicts. The Board of Directors is authorized to take whatever action it deems necessary to resolve potential or actual conflicts including: (1) prohibiting the interested party from discussions or decisions regarding the conflict of interest; (2) modifying or redefining the duties and responsibilities of the interested party; or (3) requiring the resignation of the interested party.The organization also follows the written whistleblower and document retention policies of SDSU Research Foundation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Form 990 and the audited financial statements of the Trust are available upon request. The requested documents can be delivered electronically or in printed form at the request of the recipient. No charge for copying has ever been imposed. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Increase in ALBO Liability = -$557632 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | The oversight process has not changed. The Trust does not have a separate Audit Committee. The responsibilities for oversight of the Trust's audit have been performed by the Audit Committee of SDSU Research Foundation. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Changes In Net Assets Or Fund Balances - Other Decreases |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part XII, Line 2: Change of Oversight or Selection Process |
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| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Robert S Blizinski |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Trustee |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-08-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SDSU Foundation VEBA Trust for |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | Post Retirement Healthcare Benefits |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SDSU |
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| ReturnHeader/Filer/USAddress/CityNm | 0 | San Diego |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 92182 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Richard H Rechif Jr CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1240 India Street Suite 308 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | San Diego |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6199975134 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Richard H Rechif Jr |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2017-09-01T16:01:00-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $10,220,663
- Liabilities
- $8,935,723
- Net assets
- $1,284,940
- Revenue
- $9,680,893
- Expenses
- $9,520,069
- Net income
- $160,824