Civic Intelligence

California State University Northridge Foundation

EIN 95-6196006 • 501(c)3 • Northridge, CA

Profile

To support and enhance the vision, mission and values of california state university, northridge by raising, investing, and managing private philanthropic gifts to benefit the university.

18111 Nordhoff StreetNorthridge, CA 91330-8296

www.csun.edu/FOUNDATION

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

7th percentile

0.05x

Higher debt load relative to revenue than 7% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

14th percentile

-9.7%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

61st percentile

7.7%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

1.6%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$359,763,158

Up $25,823,336 (+7.7%) from 2023

Liabilities

Down

$1,268,454

Down $61,179 (-4.6%) from 2023

Net Assets

Up

$358,494,704

Up $25,884,515 (+7.8%) from 2023

Revenue

Up

$27,642,887

Up $434,719 (+1.6%) from 2023

Expenses

Up

$30,324,829

Up $8,667,387 (+40%) from 2023

Net Income

Down

-$2,681,942

Down $8,232,668 (-148%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $82,502,079Liabilities 2010: $604,399Net Assets 2010: $81,897,6802010Assets 2011: $99,262,740Liabilities 2011: $422,932Net Assets 2011: $98,839,8082011Assets 2012: $96,545,377Liabilities 2012: $281,492Net Assets 2012: $96,263,8852012Assets 2013: $110,805,673Liabilities 2013: $561,933Net Assets 2013: $110,243,7402013Assets 2014: $137,373,631Liabilities 2014: $42,193Net Assets 2014: $137,331,4382014Assets 2015: $140,451,907Liabilities 2015: $111,404Net Assets 2015: $140,340,5032015Assets 2016: $143,729,713Liabilities 2016: $232,054Net Assets 2016: $143,497,6592016Assets 2017: $163,457,943Liabilities 2017: $231,940Net Assets 2017: $163,226,0032017Assets 2018: $184,736,717Liabilities 2018: $267,958Net Assets 2018: $184,468,7592018Assets 2019: $197,306,529Liabilities 2019: $255,400Net Assets 2019: $197,051,1292019Assets 2020: $204,700,858Liabilities 2020: $404,642Net Assets 2020: $204,296,2162020Assets 2021: $300,894,352Liabilities 2021: $800,869Net Assets 2021: $300,093,4832021Assets 2022: $308,403,163Liabilities 2022: $690,220Net Assets 2022: $307,712,9432022Assets 2023: $333,939,822Liabilities 2023: $1,329,633Net Assets 2023: $332,610,1892023Assets 2024: $359,763,158Liabilities 2024: $1,268,454Net Assets 2024: $358,494,7042024

Highlighted filing

2024

Assets$359,763,158
Liabilities$1,268,454
Net Assets$358,494,704

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $17,272,2222010Expenses 2011: $8,321,7812011Expenses 2012: $7,522,1272012Expenses 2013: $7,760,2782013Revenue 2014: $22,986,947Expenses 2014: $7,688,488Net Income 2014: $15,298,4592014Revenue 2015: $19,373,476Expenses 2015: $9,207,844Net Income 2015: $10,165,6322015Revenue 2016: $18,131,392Expenses 2016: $10,722,675Net Income 2016: $7,408,7172016Revenue 2017: $20,167,310Expenses 2017: $12,979,444Net Income 2017: $7,187,8662017Revenue 2018: $44,836,257Expenses 2018: $15,532,525Net Income 2018: $29,303,7322018Revenue 2019: $19,777,385Expenses 2019: $14,168,533Net Income 2019: $5,608,8522019Revenue 2020: $20,144,770Expenses 2020: $13,792,713Net Income 2020: $6,352,0572020Revenue 2021: $70,202,583Expenses 2021: $11,825,308Net Income 2021: $58,377,2752021Revenue 2022: $53,911,038Expenses 2022: $14,877,538Net Income 2022: $39,033,5002022Revenue 2023: $27,208,168Expenses 2023: $21,657,442Net Income 2023: $5,550,7262023Revenue 2024: $27,642,887Expenses 2024: $30,324,829Net Income 2024: -$2,681,9422024

Highlighted filing

2024

Revenue$27,642,887
Expenses$30,324,829
Net Income-$2,681,942

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$360$1.27$358$27.6$30.3$2.68
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$334$1.33$333$27.2$21.7$5.55
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$308$0.69$308$53.9$14.9$39.0
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$301$0.80$300$70.2$11.8$58.4
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$205$0.40$204$20.1$13.8$6.35
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$197$0.26$197$19.8$14.2$5.61
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$185$0.27$184$44.8$15.5$29.3
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$163$0.23$163$20.2$13.0$7.19
2016Detailed filing. Detailed filing data is available for this year.$144$0.23$143$18.1$10.7$7.41
2015Detailed filing. Detailed filing data is available for this year.$140$0.11$140$19.4$9.21$10.2
2014Detailed filing. Detailed filing data is available for this year.$137$0.04$137$23.0$7.69$15.3
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$0.56$110$7.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$96.5$0.28$96.3$7.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$99.3$0.42$98.8$8.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.5$0.60$81.9$17.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$72,263,154
Mission and Program Overview

Mission

To support and enhance the vision, mission and values of california state university, northridge by raising, investing, and managing private philanthropic gifts to benefit the university.

Support and enhance the vision, mission, and values of california state university, northridge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$241,004,877$273,405,050▲ $32,400,173
Investments Other Securities$29,005,239$32,715,115▲ $3,709,876
Cash and Non-Interest-Bearing Accounts$28,729,323$26,176,444▼ $2,552,879
Pledges and Grants Receivable$25,984,027$14,840,070▼ $11,143,957
Savings and Temporary Cash Investments$4,784,581$8,553,162▲ $3,768,581
Other Notes and Loans Receivable, Net$61,623$185,417▲ $123,794
Prepaid Expenses and Deferred Charges$554,732$146,557▼ $408,175
Total Assets$333,939,822$359,763,158▲ $25,823,336
Other Assets Total$3,815,420$3,741,343▼ $74,077
Liabilities
Accounts Payable and Accrued Expenses$1,195,749$1,153,878▼ $41,871
Other Liabilities$133,884$114,576▼ $19,308
Total Liabilities$1,329,633$1,268,454▼ $61,179
Net Assets / Fund Balance
Net Assets With Donor Restrictions$246,990,642$260,457,212▲ $13,466,570
Net Assets Without Donor Restrictions$85,619,547$98,037,492▲ $12,417,945
Total Net Assets Fund Balance$332,610,189$358,494,704▲ $25,884,515
Total Liabilities and Net Assets / Fund Balance$333,939,822$359,763,158▲ $25,823,336

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$32,715,115--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$206,677,431$4,701,676▲ $23,334,159$5,353,262$229,360,004
2022$188,815,711$1,354,415▲ $21,841,280$5,333,975$206,677,431
2021$163,517,427$5,948,289▲ $23,827,096$4,477,101$188,815,711
2020$129,849,676$13,083,952▲ $24,662,954$4,079,155$163,517,427
2019$126,227,225$6,571,246▲ $1,422,184$4,370,979$129,849,676
Compensation and Service Providers

Employees

NameTitleOtherTotal
Wendy J GreuelDirector$120,000$120,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Goldman SachsInvestment Management10100 SANTA MONICA BLVD 26TH FLOOR, Los Angeles, CA 90067$896,392
Excelencia In EducationConsulting1156 15TH STREET NORTHWEST SUITE 1, Washington, DC 20005-1705$311,500
Advantage Mailing LLC Dba AdvantagecoloPrinting ServicesPO BOX 66013, Anaheim, CA 92816-6013$263,767
Cal Poly Pomona Philanthropic FoundationConsulting3801 WEST TEMPLE AVENUE BUILDING 1, Pomona, CA 91768-2557$190,222
Csulb 49er FoundationConsulting1250 BELLFLOWER BOULEVARD BH 387, Long Beach, CA 90840-0116$190,222
Revenue and Support

Revenue Composition

Contributions and Grants
$18,982,429
Program Service Revenue
$1,704,784
Investment Income
$7,333,315
Other Revenue
$-377,641
All Other Contributions
$18,160,588
Change in Net Assets
$-2,681,942

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$2,228,818Fair Market Value (FMV)
Cars and Other Vehicles45$101,200Fair Market Value (FMV)
Other Non Cash Contri Table162$64,518Fair Market Value (FMV)
Clothing and Household Goods-$34,876Fair Market Value (FMV)
Other Non Cash Contri Table23$12,373Fair Market Value (FMV)
Other Non Cash Contri Table19$10,773Fair Market Value (FMV)
Works of Art2$4,700Fair Market Value (FMV)
Books and Publications-$1,047Fair Market Value (FMV)
Collectibles1$6Fair Market Value (FMV)
Total Noncash Contributions268$2,458,311-

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,735,560
Revenue Not Reported on Financial Statements
$907,327
Revenue Not Reported on Form 990
$29,132,828
Total Revenue per Audited Statements
$55,868,388
Total Revenue per Form 990
$27,642,887
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,999,587
Grants and Similar Amounts Paid$6,325,242
Total Fundraising Expense$893,098
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$8,989,961$765,508$466,847$10,222,316
Grants to Domestic Orgs$6,170,523--$6,170,523
Fees for Service Investment Mgmnt Fees-$907,327-$907,327
Office Expenses$623,794$172,691$74,719$871,204
Travel$498,385$2,043$17,448$517,876
Occupancy$450,045$7,644$4,120$461,809
Advertising$428,394-$7,795$436,189
Other Expenses$277,954$14,930$5,089$297,973
All Other Expenses$88,276$111,710$40$200,026
Grants to Domestic Individuals$154,719--$154,719
Fees for Services Accounting$64,936$2,805$4,264$72,005
Fees for Services Legal$30,766$1,329$2,020$34,115
Total Functional Expenses$27,390,938$2,040,793$893,098$30,324,829

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$30,324,829
Total Expenses per Audited Statements$29,983,873
Expenses per Audited Statements$29,417,502
Expenses Not Reported on Financial Statements$907,327
Expenses Not Reported on Form 990$566,371
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
California State University NorthridgeNorthridge, CA501(c)(3)Scholarships, Student Assistance, and Other Operating Expenses$4,510,142
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$566,371
Fundraising Gross Income$188,730
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Construction Mgmt Golf Classic$243,300$81,080$73,690$7,390
The Soraya Gala$542,270$57,440$172,077$-114,637
Total Events$995,525$188,730$566,371$-377,641
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$114,576
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

The form 990 is reviewed by the chief financial officer and the members of the audit committee. The tax return is also distributed in its entirety to the members of the board of directors for review prior to submission.

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

The audit committee is responsible for the review of the annual conflict of interest statements. In this capacity, any conflict would be investigated, discussed, and reviewed for referral to the executive committee. Any member of the board with a conflict is expected to recuse themselves from any decisions in which the conflict is apparent. Conflicts are also monitored and disclosed at the committee level as necessary.

Form 990, Part VI, Section B, Line 15

California state university, northridge established and maintains the compensation for the top management official. Compensation is determined by campus office of human resources using california state university approved methodologies for determining comparable compensation.

Form 990, Part VI, Section C, Line 19

The foundation maintains a website at which individuals can access copies of pertinent documents related to the operation of the foundation, including financial statements, audit reports, and tax returns.

Filing and Contact Details

Filer

Filer Name
California State University Northridge
EIN
95-6196006
Phone
8186774657
Address
18111 NORDHOFF STREET, NORTHRIDGE, CA 91330-8296

Signing Officer

Name
Ira Unterman
Title
CFO/secretary
Phone
8186774657
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nichole Ipach
Formed
1995
Legal Domicile
CA
Voting Board Members
34
Independent Board Members
27
Employees
0
Volunteers
40

Preparer

Firm
Cohnreznick Advisory LLC
Address
621 CAPITOL MALL SUITE 2150, SACRAMENTO, CA 95814
Preparer
Jolanta Tuck
Phone
9164429100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services: program service expenses 2,581,870. Management and general expenses 118,211. Fundraising expenses 179,716. Total expenses 2,879,797. Management services: program service expenses 6,270,686. Management and general expenses 641,362. Fundraising expenses 278,107. Total expenses 7,190,155. Payroll processing fees: program service expenses 137,405. Management and general expenses 5,935. Fundraising expenses 9,024. Total expenses 152,364.

Financial Statement Notes

PART III, LINE 4:

The foundation's art collection is maintained for the benefit of the faculty and students of california state university, northridge, to further the academic pursuits, both in the classroom and within exhibitions held on campus. Artwork is utilized to highlight the history of the university and the region in which it is situated.

PART V, LINE 4:

Endowments are used for scholarships and academic and university support as specified by the donors.

PART X, LINE 2:

The foundation has no unrecognized tax benefits at june 30, 2024. The foundation's federal income tax returns for fiscal years 2023, 2022 and 2021, remain open. The foundation's state income tax returns for fiscal years 2023, 2022, 2021 and 2020 remain open. Management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. Management has analyzed the tax positions taken by the foundation and has concluded that, as of june 30, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses reclassed to revenue 566,371.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses reclassed to revenue 566,371.

Raw XML AppendixShowing 400 of 1,010 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/Desc0CALIFORNIA STATE UNIVERSITY, NORTHRIDGE FOUNDATION (THE FOUNDATION) SERVES AS AN AUXILIARY ORGANIZATION TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE WITH A GOAL OF FURTHERING THE PURPOSES AND OBJECTIVES OF THE UNIVERSITY. THE FOUNDATION'S MAIN FUNCTION IS TO ADMINISTER THE RECEIPT AND DISBURSEMENT OF GIFTS, GRANTS, BEQUESTS, AND TRUSTS FROM VARIOUS DONORS TO DIFFERENT DEPARTMENTS OF THE UNIVERSITY. THE FOUNDATION ALSO ASSISTS THE UNIVERSITY IN VARIOUS ACTIVITIES, INCLUDING ACCUMULATION AND MANAGING OF LIFE INCOME, ANNUITY AND STUDENT SCHOLARSHIP FUNDS, AND ADMINISTERING FUNDS FOR VARIOUS EDUCATIONAL RELATED FUNCTIONS, SPECIAL PROGRAMS, AND OTHER ACTIVITIES.
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