Civic Intelligence

San Jose State University

EIN 94-6017638 • 501(c)3 • San Jose, CA

View Organization Page

Profile

As an integral member of the San Jose State University community, the San Jose State University Research Foundation provides an entrepreneurial framework through which local, state and federal agencies, businesses and private foundations engage SJSU faculty and students in sponsored research, public service and community projects, consulting and other specialized educational activities in support of the University's mission. Delivering specialized business services to support a diverse range of externally-funded activities, the San Jose State University Research Foundation fosters the University's quest for excellence by: (1) Supporting Faculty Success, (2) Expanding Student Horizons, (3) Delivering Specialized Business Services and (4) Developing Partnerships with the community.

210 N 4th Street 400San Jose, CA 95122

www. sjsu.edu/researchfoundation

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.64x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.60x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

58th percentile

7.5%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$488,756

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

21%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$66,788,650

Up $7,330,851 (+12%) from 2023

Liabilities

Up

$42,900,015

Up $3,025,120 (+7.6%) from 2023

Net Assets

Up

$23,888,635

Up $4,305,731 (+22%) from 2023

Operations
Liabilities / Revenue65th percentileNet Margin58th percentile

Revenue

Up

$71,922,901

Up $12,513,061 (+21%) from 2023

Expenses

Up

$66,512,324

Up $8,223,443 (+14%) from 2023

Net Income

Up

$5,410,577

Up $4,289,618 (+383%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth72nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $41,655,118Liabilities 2010: $34,772,216Net Assets 2010: $6,882,9022010Assets 2011: $40,970,630Liabilities 2011: $30,446,622Net Assets 2011: $10,524,0082011Assets 2012: $37,743,523Liabilities 2012: $32,710,101Net Assets 2012: $5,033,4222012Assets 2013: $37,651,451Liabilities 2013: $25,846,872Net Assets 2013: $11,804,5792013Assets 2014: $42,825,591Liabilities 2014: $30,422,030Net Assets 2014: $12,403,5612014Assets 2015: $43,082,548Liabilities 2015: $29,442,275Net Assets 2015: $13,640,2732015Assets 2016: $42,295,679Liabilities 2016: $25,923,463Net Assets 2016: $16,372,2162016Assets 2017: $42,980,224Liabilities 2017: $25,160,549Net Assets 2017: $17,819,6752017Assets 2018: $43,785,269Liabilities 2018: $27,552,998Net Assets 2018: $16,232,2712018Assets 2019: $45,640,181Liabilities 2019: $28,685,903Net Assets 2019: $16,954,2782019Assets 2020: $48,690,406Liabilities 2020: $31,895,603Net Assets 2020: $16,794,8032020Assets 2021: $57,091,451Liabilities 2021: $37,856,843Net Assets 2021: $19,234,6082021Assets 2022: $60,826,660Liabilities 2022: $43,688,014Net Assets 2022: $17,138,6462022Assets 2023: $59,457,799Liabilities 2023: $39,874,895Net Assets 2023: $19,582,9042023Assets 2024: $66,788,650Liabilities 2024: $42,900,015Net Assets 2024: $23,888,6352024

Highlighted filing

2024

Assets$66,788,650
Liabilities$42,900,015
Net Assets$23,888,635
Open 2024 Filing

Operations Trend

Revenue Growth72nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $68,373,3142010Expenses 2011: $71,578,9342011Revenue 2012: $68,998,579Expenses 2012: $71,201,291Net Income 2012: -$2,202,7122012Expenses 2013: $67,065,8412013Revenue 2014: $65,126,123Expenses 2014: $63,537,045Net Income 2014: $1,589,0782014Revenue 2015: $63,440,212Expenses 2015: $60,541,550Net Income 2015: $2,898,6622015Revenue 2016: $58,267,285Expenses 2016: $56,586,160Net Income 2016: $1,681,1252016Revenue 2017: $55,358,025Expenses 2017: $55,298,721Net Income 2017: $59,3042017Revenue 2018: $54,255,402Expenses 2018: $57,220,845Net Income 2018: -$2,965,4432018Revenue 2019: $57,428,281Expenses 2019: $57,169,909Net Income 2019: $258,3722019Revenue 2020: $57,260,435Expenses 2020: $57,341,017Net Income 2020: -$80,5822020Revenue 2021: $53,661,013Expenses 2021: $54,306,631Net Income 2021: -$645,6182021Revenue 2022: $56,020,839Expenses 2022: $54,293,598Net Income 2022: $1,727,2412022Revenue 2023: $59,409,840Expenses 2023: $58,288,881Net Income 2023: $1,120,9592023Revenue 2024: $71,922,901Expenses 2024: $66,512,324Net Income 2024: $5,410,5772024

Highlighted filing

2024

Revenue$71,922,901
Expenses$66,512,324
Net Income$5,410,577
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,788,650
Liabilities
$42,900,015
Net assets
$23,888,635
Revenue
$71,922,901
Expenses
$66,512,324
Net income
$5,410,577
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$66.8$42.9$23.9$71.9$66.5$5.41
2023Detailed filing. Detailed filing data is available for this year.$59.5$39.9$19.6$59.4$58.3$1.12
2022Detailed filing. Detailed filing data is available for this year.$60.8$43.7$17.1$56.0$54.3$1.73
2021Detailed filing. Detailed filing data is available for this year.$57.1$37.9$19.2$53.7$54.3$0.65
2020Detailed filing. Detailed filing data is available for this year.$48.7$31.9$16.8$57.3$57.3$0.08
2019Detailed filing. Detailed filing data is available for this year.$45.6$28.7$17.0$57.4$57.2$0.26
2018Detailed filing. Detailed filing data is available for this year.$43.8$27.6$16.2$54.3$57.2$2.97
2017Detailed filing. Detailed filing data is available for this year.$43.0$25.2$17.8$55.4$55.3$0.06
2016Detailed filing. Detailed filing data is available for this year.$42.3$25.9$16.4$58.3$56.6$1.68
2015Detailed filing. Detailed filing data is available for this year.$43.1$29.4$13.6$63.4$60.5$2.90
2014Detailed filing. Detailed filing data is available for this year.$42.8$30.4$12.4$65.1$63.5$1.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.7$25.8$11.8$67.1
2012Summary only. Only limited summary data is available for this year.$37.7$32.7$5.03$69.0$71.2$2.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.0$30.4$10.5$71.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.7$34.8$6.88$68.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jul 24, 2025
Return Version
2023v6.0
Gross Receipts
$93,364,959
Mission and Program Overview

Mission

As an integral member of the san jose state university community, the san jose state university research foundation provides an entrepreneurial framework through which local, state and federal agencies, businesses and private foundations engage sjsu faculty and students in sponsored research, public service and community projects, consulting and other specialized educational activities in support of the university's mission. Delivering specialized business services to support a diverse range of externally-funded activities, the san jose state university research foundation fosters the university's quest for excellence by (1) supporting faculty success, (2) expanding student horizons, (3) delivering specialized business services and (4) developing partnerships with the community.

The san jose state university research foundation is an auxiliary organization of san jose state university and the california state university system. The foundation's mission is to advance the welfare of the university and assist in fulfilling its objectives, supplement programs and activities of the university, and promote and assist the university's education services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,615,480$26,157,408▲ $5,541,928
Land, Buildings, and Equipment, Net$11,162,748$15,594,807▲ $4,432,059
Pd in Cap Srpls Land Bldg Eqp Fund$11,095,584$15,287,109▲ $4,191,525
Pledges and Grants Receivable$5,491,050$11,094,958▲ $5,603,908
Cap Stk Tr Prin Current Funds$8,487,320$8,601,526▲ $114,206
Investments Other Securities$1,944,505$3,108,017▲ $1,163,512
Cash and Non-Interest-Bearing Accounts$2,203,472$2,095,647▼ $107,825
Prepaid Expenses and Deferred Charges$368,452$406,469▲ $38,017
Savings and Temporary Cash Investments$4,715,676$25,392▼ $4,690,284
Accounts Receivable$0--
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$59,457,799$66,788,650▲ $7,330,851
Other Assets Total$12,956,416$8,305,952▼ $4,650,464
Liabilities
Other Liabilities$30,232,131$26,529,405▼ $3,702,726
Accounts Payable and Accrued Expenses$6,531,785$8,604,730▲ $2,072,945
Deferred Revenue$3,110,979$7,765,880▲ $4,654,901
Total Liabilities$39,874,895$42,900,015▲ $3,025,120
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,582,904$23,888,635▲ $4,305,731
Total Liabilities and Net Assets / Fund Balance$59,457,799$66,788,650▲ $7,330,851

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,260,264$8,829,518$12,089,782
Buildings$2,417,247$6,269,167$8,686,414
Land$5,176,528-$5,176,528
Other Land Buildings$4,720,886$308,401$5,029,287
Leasehold Improvements$19,882$792,744$812,626
Other Assets Org$46,642--
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen PhilbrickMti Executive DirectorFT$244,255$27,147$271,402
Mark SnycerskiSenior Research AssociateFT$240,757$27,732$268,489
Mark YarbroughProject ManagerFT$246,685$21,214$267,899
Andrew ExnerExecutive DirectorFT$225,536$29,887$255,423
Hilary NixonSenior Research AssociateFT$193,838$11,505$205,343
Ranjit KaurDirector of HrFT$172,244$27,107$199,351
Deborah MaloneySponsored Program Director-$179,172$10,803$189,975
Shailendra BaghelFinance Director-$156,670$28,296$184,966
Sean LarawayProject DirectorPT$158,924$1,378$160,302
Laurie DrabbleBoard Member-$12,494$56,916$69,410
Katy KaoBoard Member-$22,303$201$22,504
Sara NayeemStudent Representative--$4,891$4,891
Ivano AielloBoard Member-$3,110$28$3,138

Board Members and Trustees

NameTitle
Mohamad AbousalemBoard President
Richard MocarskiBoard Vice President
Heather LattimerBoard Member
Jason AleksanderBoard Member
MARC D'ALARCAOBoard Member
Vincent Del CasinoBoard Member
Sheryl EhrmanBoard Member (until 05/24)
Matthew SpanglerBoard Member (until 07/24)
Charlie FaasBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Csu Long Beach Research FoundationSubcontract6300 STATE UNIVERSITY DR SUITE 33, Long Beach, CA 90815$417,054
Regents Of Uc Santa BarbaraSubcontractSAASB BLDG R 1212, Santa Barbara, CA 93106$370,198
Marine Applied Research & ExplorationSubcontract101 TAYLOR WAY 107, Blue Lake, CA 95525$278,610
Chico State EnterprisesSubcontract25 MAIN ST, Chico, CA 95928$259,528
University CorporationSubcontract5108 FOURTH AVENUE, Marina, CA 93933$252,946
Revenue and Support

Revenue Composition

Contributions and Grants
$57,446,278
Program Service Revenue
$12,371,631
Investment Income
$1,579,671
Other Revenue
$525,321
All Other Contributions
$4,999
Change in Net Assets
$5,410,577

Audited Revenue Reconciliation

Revenue per Audited Statements
$71,797,241
Revenue Not Reported on Financial Statements
$125,660
Revenue Not Reported on Form 990
$2,850,165
Total Revenue per Audited Statements
$74,647,406
Total Revenue per Form 990
$71,922,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$42,251,266
Other Expenses$19,246,852
Grants and Similar Amounts Paid$5,014,206
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$26,061,142$4,714,847-$30,775,989
Other Employee Benefits$5,745,246$1,056,007-$6,801,253
Fees for Services Other$4,140,739$331,168-$4,471,907
Grants to Domestic Individuals$4,174,605--$4,174,605
Office Expenses$2,835,367$194,158-$3,029,525
Payroll Taxes$2,031,180$377,995-$2,409,175
Depreciation Depletion$1,527,439$865,778-$2,393,217
Travel$1,685,347$94,035-$1,779,382
Pension Plan Contributions$1,167,550$120,277-$1,287,827
Information Technology$154,662$1,060,632-$1,215,294
Current Officers, Directors, Trustees, and Key Employees$83,087$893,935-$977,022
Grants to Domestic Orgs$839,601--$839,601
Occupancy$289,218$266,563-$555,781
Conferences and Meetings$385,811$50,802-$436,613
Insurance$132,273$237,726-$369,999
Fees for Services Accounting$74,890$274,661-$349,551
Fees for Services Legal$78,896$95,303-$174,199
Fees for Service Investment Mgmnt Fees-$125,660-$125,660
Interest-$101,626-$101,626
All Other Expenses$46,497$8,314-$54,811
Advertising$16,789$23,917-$40,706
Other Expenses$-2,007,860--$-2,007,860
Total Functional Expenses$55,618,920$10,893,404$0$66,512,324

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$68,076,589
Total Expenses per Form 990$66,512,324
Expenses per Audited Statements$66,386,664
Expenses Not Reported on Form 990$1,689,925
Expenses Not Reported on Financial Statements$125,660
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
San Jose State UniversitySan Jose, CAGovernment EntityContribute to New Science Building Construction$500,000
Associated Students San Jose State UniversitySan Jose, CA501(c)(3)General Operating Support$339,601
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows of Resources$13,673,064
Post Employment Benefits Obligations$9,449,266
Lease Obligations$3,264,912
Other Liabilities$142,163
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Directors are nominated by the university vice president for research and innovation and designated by the university president of san jose state university.”

Form 990, Part VI, Section B, Line 11B

“San jose state university research foundation worked with an independent accounting firm to prepare and file form 990. A copy of form 990 was distributed to the board of directors after filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“All board members and senior management complete annual conflict of interest affidavits. The executive director or others review any perceived or actual conflicts as appropriate. Any person with a conflict would not be allowed to participate in the deliberations or decisions of those transactions.”

Form 990, Part VI, Section B, Line 15

“The executive director's compensation is determined by san jose state university in accordance with the california state university management personnel program (mpp). The research foundation's human resources department process for determining compensation for central office employees, including officers and key employees other than the executive director, competitive salary, total compensation assessments, as well as reward and recognition programs. Total position and compensation analyses for central office employees are generally conducted on an annual basis. The sjsu research foundation human resources department obtains its position and salary benchmark date from the aon/radford us benchmark salary survey, the california state chancellor's office, and the california auxiliary organization association (aoa).”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy, and financial statements available upon request by either directing them to the website that has them published or making copies for the requestor.”

Filing and Contact Details

Filer

Filer Name
San Jose State University
EIN
94-6017638
Phone
4089241400
Address
210 N 4TH STREET 400, SAN JOSE, CA 95122

Signing Officer

Name
Shailendra Baghel
Title
Director, Finance & Accounting
Phone
4089241400
Signed
2025-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shailendra Baghel
Formed
1932
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
1
Employees
1,353
Volunteers
4

Preparer

Firm
Windes Inc
Address
2050 MAIN ST STE 1300, IRVINE, CA 92614
Preparer
Eleanor a Livingston CPA Mst
Phone
9498529433
Supplemental Narrative

Additional Explanations

FORM 990, PAGE 1, LINE B: AMENDED RETURN

“The amendments to the form 990 include: - form 990, part vii and schedule j, part ii: list of highest compensated employees have been corrected. The original return included an erroneous input which, when corrected, replaced a highest compensated employee.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income tax under section 501(c)(3) of the code, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The foundation has also been recognized by the california franchise tax board as an organization that is exempt from california franchise and income taxes under section 23701(d) of the california revenue and taxation code. The foundation's management has evaluated its tax positions and the certainty as to whether those tax positions will be sustained in the event of an audit by taxing authorities at the federal and state levels. The primary tax positions evaluated are related to the foundation's continued qualification as a tax-exempt organization and whether there are unrelated business income activities conducted that would be taxable. Management has determined that all income tax positions will more likely than not be sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The foundation's forms 990, return of organization exempt from income tax, for each of the tax years ended june 30, 2024, 2023 and 2022, are subject to examination by the internal revenue service, generally for three years after they were filed. The foundation also filed form 990-t for the year ended june 30, 2024.”

Raw XML AppendixShowing 400 of 1,111 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/ActivityOrMissionDesc0THE SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION IS AN AUXILIARY ORGANIZATION OF SAN JOSE STATE UNIVERSITY AND THE CALIFORNIA STATE UNIVERSITY SYSTEM. THE FOUNDATION'S MISSION IS TO ADVANCE THE WELFARE OF THE UNIVERSITY AND ASSIST IN FULFILLING ITS OBJECTIVES, SUPPLEMENT PROGRAMS AND ACTIVITIES OF THE UNIVERSITY, AND PROMOTE AND ASSIST THE UNIVERSITY'S EDUCATION SERVICES.
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3CHICO STATE ENTERPRISES
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IRS990/Desc0SPONSORED PROGRAMS: PROVIDE GRANT AND CONTRACT PROPOSAL DEVELOPMENT, AND SUPPORT AND ADMINISTRATION SERVICES TO SAN JOSE STATE UNIVERSITY FACULTY, GENERATING 405 PROPOSALS AND RECEIVING 281 AWARDS WORTH $73,519,853 DURING FISCAL YEAR ENDING JUNE 30, 2024. THE EXTERNALLY SURROUNDING COMMUNITY BENEFICIARIES OF THESE ACTIVITIES ARE THE STUDENTS WHOSE ENRICHED EXPERIENCE HAVE DIRECT CONSEQUENCES FOR THE FUTURE OF OUR METROPOLITAN AREA.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PROJECT DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12STUDENT REPRESENTATIVE
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IRS990/MissionDesc0AS AN INTEGRAL MEMBER OF THE SAN JOSE STATE UNIVERSITY COMMUNITY, THE SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION PROVIDES AN ENTREPRENEURIAL FRAMEWORK THROUGH WHICH LOCAL, STATE AND FEDERAL AGENCIES, BUSINESSES AND PRIVATE FOUNDATIONS ENGAGE SJSU FACULTY AND STUDENTS IN SPONSORED RESEARCH, PUBLIC SERVICE AND COMMUNITY PROJECTS, CONSULTING AND OTHER SPECIALIZED EDUCATIONAL ACTIVITIES IN SUPPORT OF THE UNIVERSITY'S MISSION. DELIVERING SPECIALIZED BUSINESS SERVICES TO SUPPORT A DIVERSE RANGE OF EXTERNALLY FUNDED ACTIVITIES, THE SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION FOSTERS THE UNIVERSITY'S QUEST FOR EXCELLENCE BY: (1) SUPPORTING FACULTY SUCCESS, (2) EXPANDING STUDENT HORIZONS, (3) DELIVERING SPECIALIZED BUSINESS SERVICES, AND (4) DEVELOPING PARTNERSHIPS WITH THE COMMUNITY.
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