Civic Intelligence

Fresno State Bulldog Foundation

EIN 94-6080933 • 501(c)3 • Fresno, CA

Pub. 78 Eligible

Profile

The Bulldog Foundation helps create championship experiences for Fresno State student athletes as they strive for excellence in the classroom, in competition and in life.

PO Box 26267Fresno, CA 93729

www.bulldogfoundation.org

Siviq Scores

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

Liabilities / Assets

28th percentile

0.04x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

26th percentile

0.08x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

57th percentile

7.4%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

90th percentile

$433,271

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

39th percentile

2.0%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-8.7%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$14,523,291

Up $1,114,796 (+8.3%) from 2024

Liabilities

Up

$777,673

Up $255,432 (+49%) from 2024

Net Assets

Up

$13,745,618

Up $859,364 (+6.7%) from 2024

Operations
Liabilities / Revenue26th percentileNet Margin57th percentile

Revenue

Up

$7,324,090

Up $608,221 (+9.1%) from 2024

Expenses

Up

$6,857,476

Up $785,141 (+13%) from 2024

Net Income

Down

$466,614

Down $176,920 (-27%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $18,507,287Liabilities 2010: $1,254,978Net Assets 2010: $17,252,3092010Assets 2011: $16,800,888Liabilities 2011: $579,613Net Assets 2011: $16,221,2752011Assets 2012: $18,416,646Liabilities 2012: $642,827Net Assets 2012: $17,773,8192012Assets 2013: $16,797,656Liabilities 2013: $622,549Net Assets 2013: $16,175,1072013Assets 2014: $17,179,457Liabilities 2014: $454,899Net Assets 2014: $16,724,5582014Assets 2015: $17,777,254Liabilities 2015: $1,013,877Net Assets 2015: $16,763,3772015Assets 2016: $18,545,097Liabilities 2016: $2,504,970Net Assets 2016: $16,040,1272016Assets 2017: $17,856,936Liabilities 2017: $3,938,623Net Assets 2017: $13,918,3132017Assets 2018: $15,333,391Liabilities 2018: $4,158,854Net Assets 2018: $11,174,5372018Assets 2019: $13,631,431Liabilities 2019: $4,390,000Net Assets 2019: $9,241,4312019Assets 2020: $12,023,040Liabilities 2020: $3,837,688Net Assets 2020: $8,185,3522020Assets 2021: $13,075,577Liabilities 2021: $1,839,610Net Assets 2021: $11,235,9672021Assets 2022: $11,952,410Liabilities 2022: $1,215,780Net Assets 2022: $10,736,6302022Assets 2023: $12,195,528Liabilities 2023: $507,154Net Assets 2023: $11,688,3742023Assets 2024: $13,408,495Liabilities 2024: $522,241Net Assets 2024: $12,886,2542024Assets 2025: $14,523,291Liabilities 2025: $777,673Net Assets 2025: $13,745,6182025

Highlighted filing

2025

Assets$14,523,291
Liabilities$777,673
Net Assets$13,745,618
Open 2025 Filing

Operations Trend

Revenue Growth20th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $5,397,9622010Revenue 2011: $3,441,864Expenses 2011: $6,381,079Net Income 2011: -$2,939,2152011Revenue 2012: $6,561,874Expenses 2012: $4,742,093Net Income 2012: $1,819,7812012Revenue 2013: $5,410,301Expenses 2013: $8,000,771Net Income 2013: -$2,590,4702013Revenue 2014: $5,857,880Expenses 2014: $7,192,864Net Income 2014: -$1,334,9842014Revenue 2015: $7,614,219Expenses 2015: $6,891,808Net Income 2015: $722,4112015Revenue 2016: $9,108,651Expenses 2016: $8,723,817Net Income 2016: $384,8342016Revenue 2017: $6,645,301Expenses 2017: $8,966,937Net Income 2017: -$2,321,6362017Revenue 2018: $7,105,075Expenses 2018: $9,285,735Net Income 2018: -$2,180,6602018Revenue 2019: $7,332,999Expenses 2019: $9,036,054Net Income 2019: -$1,703,0552019Revenue 2020: $4,648,522Expenses 2020: $5,482,243Net Income 2020: -$833,7212020Revenue 2021: $4,741,020Expenses 2021: $3,200,700Net Income 2021: $1,540,3202021Revenue 2022: $7,339,635Expenses 2022: $6,048,513Net Income 2022: $1,291,1222022Revenue 2023: $6,697,673Expenses 2023: $6,204,502Net Income 2023: $493,1712023Revenue 2024: $6,715,869Expenses 2024: $6,072,335Net Income 2024: $643,5342024Revenue 2025: $7,324,090Expenses 2025: $6,857,476Net Income 2025: $466,6142025

Highlighted filing

2025

Revenue$7,324,090
Expenses$6,857,476
Net Income$466,614
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,523,291
Liabilities
$777,673
Net assets
$13,745,618
Revenue
$7,324,090
Expenses
$6,857,476
Net income
$466,614
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$14.5$0.78$13.7$7.32$6.86$0.47
2024Detailed filing. Detailed filing data is available for this year.$13.4$0.52$12.9$6.72$6.07$0.64
2023Detailed filing. Detailed filing data is available for this year.$12.2$0.51$11.7$6.70$6.20$0.49
2022Detailed filing. Detailed filing data is available for this year.$12.0$1.22$10.7$7.34$6.05$1.29
2021Detailed filing. Detailed filing data is available for this year.$13.1$1.84$11.2$4.74$3.20$1.54
2020Detailed filing. Detailed filing data is available for this year.$12.0$3.84$8.19$4.65$5.48$0.83
2019Detailed filing. Detailed filing data is available for this year.$13.6$4.39$9.24$7.33$9.04$1.70
2018Detailed filing. Detailed filing data is available for this year.$15.3$4.16$11.2$7.11$9.29$2.18
2017Detailed filing. Detailed filing data is available for this year.$17.9$3.94$13.9$6.65$8.97$2.32
2016Detailed filing. Detailed filing data is available for this year.$18.5$2.50$16.0$9.11$8.72$0.38
2015Detailed filing. Detailed filing data is available for this year.$17.8$1.01$16.8$7.61$6.89$0.72
2014Summary only. Only limited summary data is available for this year.$17.2$0.45$16.7$5.86$7.19$1.33
2013Summary only. Only limited summary data is available for this year.$16.8$0.62$16.2$5.41$8.00$2.59
2012Summary only. Only limited summary data is available for this year.$18.4$0.64$17.8$6.56$4.74$1.82
2011Summary only. Only limited summary data is available for this year.$16.8$0.58$16.2$3.44$6.38$2.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$1.25$17.3$5.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 4, 2026
Return Version
2024v5.2
Gross Receipts
$7,523,379
Mission and Program Overview

Mission

The Bulldog Foundation helps create championship experiences for Fresno State student athletes as they strive for excellence in the classroom, in competition and in life.

Provide scholarships and other funds to support Fresno State Athletics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$12,886,254$13,745,618▲ $859,364
Investments in Publicly Traded Securities$7,094,831$7,998,123▲ $903,292
Cash and Non-Interest-Bearing Accounts$5,132,943$5,010,950▼ $121,993
Pledges and Grants Receivable$1,127,157$1,439,070▲ $311,913
Prepaid Expenses and Deferred Charges$21,255$45,673▲ $24,418
Land, Buildings, and Equipment, Net$4,023$2,235▼ $1,788
Accounts Receivable-$2,197-
Savings and Temporary Cash Investments$281$0▼ $281
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,408,495$14,523,291▲ $1,114,796
Other Assets Total$28,005$25,043▼ $2,962
Liabilities
Accounts Payable and Accrued Expenses$267,192$485,517▲ $218,325
Other Liabilities$255,049$292,156▲ $37,107
Total Liabilities$522,241$777,673▲ $255,432
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,886,254$13,745,618▲ $859,364
Total Liabilities and Net Assets / Fund Balance$13,408,495$14,523,291▲ $1,114,796

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,235$7,152-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$6,280,519$178,900▲ $856,034$235,247$7,064,006
2023$5,670,965$151,671▲ $790,010$319,127$6,280,519
2022$4,827,132$444,898▲ $603,309$195,374$5,670,965
2021$6,444,888$484,859▼ $658,965$1,224,511$4,827,132
2020$5,755,998$43,216▲ $1,867,257$1,105,055$6,444,888
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry Johnson Thru 82024Executive DirectorFT$56,028$15,081$71,109
Randall Rigali From 122024Executive DirectorFT$7,083$354$7,437

Board Members and Trustees

NameTitle
Larry SpikesPresident
Nick AudinoVice President
Amanda TymnDirector
Brady CrookDirector
Cam WorrellDirector
Chris RuscaDirector
Danette HallDirector
Dario CalderonDirector
Deborah Astone Thru 122024Director
Ed DunkelDirector
Frank DalenaDirector
Garrett KlassyDirector
Hannah HarrisDirector
Henry HinkleDirector
Jean Rousseau From 12025Director
Jeff SegarsDirector
Joe FernandezDirector
Kyle RidderingDirector
Mike RobinsonDirector
Sean SkinnerDirector
Merritt WisemanSec/Treasurer
Tyler MariucciSr Assoc Ad of Development
Revenue and Support

Revenue Composition

Contributions and Grants
$6,140,124
Program Service Revenue
$47,659
Investment Income
$491,603
Other Revenue
$644,704
All Other Contributions
$6,140,124
Change in Net Assets
$466,614

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,386,718
Revenue Not Reported on Financial Statements
$-62,628
Revenue Not Reported on Form 990
$432,621
Other Revenue Adjustments
$-122,373
Total Revenue per Audited Statements
$7,819,339
Total Revenue per Form 990
$7,324,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,098,060
Other Expenses$2,053,496
Total Fundraising Expense$1,001,754
Salaries, Compensation, and Employee Benefits$705,920
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,098,060--$4,098,060
Other Salaries and Wages-$45,987$413,880$459,867
Current Officers, Directors, Trustees, and Key Employees-$9,398$84,587$93,985
Other Employee Benefits-$8,721$78,487$87,208
Fees for Service Investment Mgmnt Fees-$59,745-$59,745
All Other Expenses$8,219$3,821$34,396$46,436
Payroll Taxes-$3,861$34,747$38,608
Other Expenses$1,578,393$3,707$33,367$37,074
Information Technology-$3,079$27,710$30,789
Pension Plan Contributions-$2,625$23,627$26,252
Advertising-$1,547$13,927$15,474
Office Expenses-$1,147$10,327$11,474
Insurance-$1,134$10,202$11,336
Fees for Services Other-$1,071$9,639$10,710
Fees for Services Accounting-$1,022$9,197$10,219
Interest-$3$31$34
Total Functional Expenses$5,684,672$171,050$1,001,754$6,857,476

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,958,172
Total Expenses per Form 990$6,857,476
Expenses per Audited Statements$6,797,731
Expenses Not Reported on Form 990$160,441
Expenses Not Reported on Financial Statements$59,745
Other Expense Adjustments$59,745
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Csu Fresno Athletic CorpFresno, CA-Funds for athletic scholarships and other related needs.$4,098,060
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$767,077
Fundraising Direct Expenses$122,373
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various Sports Club Special Events$596,905$596,905$122,373$474,532
Golf$141,600$141,600-$141,600
Total Events$767,077$767,077$122,373$644,704
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Harry GaykianFinancial MgrInvestment FeesNo$58,949

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Athletic Corporation$281,495
Accrued Vacation$5,350
Accrued Sick Time$3,031
Capital Lease Obligations$2,280
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 B, Line 11B

“A draft of the form 990 will be reviewed and approved by the executive director, as well as the audit committee and the board of directors.”

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

“Each board member is required to complete a confirmation regarding the organization's conflict of interest policy annually, disclosing any/all known conflicts of interest. There were no conflicts of interest noted during the year.”

Form 990, Part VI, Section B, Line 15A

“The board of directors reviews and approves the compensation of the executive director.”

Form 990, Part VI, Section B, Line 15B

“The board of directors reviews and approves the compensation of key bulldog foundation employees.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies, and financial statements are provided to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Bulldog Foundation
EIN
94-6080933
Phone
5592787160
Address
PO Box 26267, FRESNO, CA 93729

Signing Officer

Name
Randall Rigali
Title
Executive Director
Signed
2026-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randall Rigali Beg 122024
Formed
1950
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
18
Employees
17
Volunteers
200

Preparer

Firm
Moore Grider & Company Llp
Address
325 E SIERRA AVE, FRESNO, CA 93710
Preparer
Denise S Hurst CPA
Phone
5594400700
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Bad debt expense = -$76599”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Provide funding for student athlete scholarships for california state university, fresno athletic corporation.”

Part X : FIN48 Footnote

“The foundation is incorporated as a non-profit california corporation and is exempt from income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701(d).tax returns are filed in u.s. Federal and state of california jurisdictions. Tax returns remain subject to examination by the u.s. Federal jurisdiction for three years after the return is filed and for four years by the california jurisdiction. There are currently no tax years under examination.”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Special event exp offsetting rev on 990 $122373”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Investment management fees $58949 Investment service fees $796”

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