2025-05-09T14:44:01-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2023-07-01 943001359 THE UNIVERSITY FOUNDATION AT SACRAMENTO STATE UNIV 9162787326 6000 J STREET SACRAMENTO CA 958196063 ALICE PEREZ BOARD CHAIR 9162787326 2025-05-06 1 1 SARAH HINTZ P00492291 3037795710 2025-04-30 2023 2025-03-06 01:10:19Z MICHAEL REZA 6000 J STREET SACRAMENTO CA 958196063 46637653 0 X WWW.CSUS.EDU/UNIVERSITY-ADVANCEMENT/UNIVERSITY-F X 1986 CA PROMOTING PHILANTHROPY TO ENHANCE THE UNIVERSITY BEYOND STATE FUNDING. 29 22 0 19 0 0 11754782 9715017 807450 372197 2883549 13367603 -8588 -41592 15437193 23413225 3155660 2984575 0 0 0 0 149113 154215 184215 3426128 4337112 6730901 7475902 8706292 15937323 109503816 127817878 546316 973544 108957500 126844334 X RAISE PRIVATE RESOURCES TO ADVANCE THE MISSION AND PRIORITIES OF THE UNIVERSITY AND SERVE AS AMBASSADORS IN THE COMMUNITY. PROVIDE STEWARDSHIP IN THE PRUDENT INVESTMENT OF RESOURCES AND ENSURE THE INTEGRITY OF THE FOUNDATION THROUGH ACCOUNTABILITY AND TRANSPARENCY. 0 0 6531893 2984575 372197 THE UNIVERSITY FOUNDATION AT SACRAMENTO STATE INVESTS AND DISTRIBUTES FUNDS FOR THE BENEFIT OF THE UNIVERSITY. SINCE ITS INCEPTION IN 1987, THE UNIVERSITY FOUNDATION PROMOTES PHILANTHROPY TO PROVIDE A LEVEL OF EXCELLENCE BEYOND WHAT IS POSSIBLE THROUGH STATE FUNDS. LED BY A VOLUNTEER BOARD OF DIRECTORS COMPRISED OF PROMINENT PROFESSIONALS AND BUSINESS LEADERS, THE UNIVERSITY FOUNDATION IS THE UNIVERSITY'S PRIMARY PHILANTHROPIC AUXILIARY AND IS A TAX EXEMPT 501(C)(3) ORGANIZATION. THE BOARD OF DIRECTORS MEETS REGULARLY TO OFFER GUIDANCE ON INVESTMENTS AND THOROUGHLY MANAGE THE GIFT FUNDS TO ENSURE THAT THEY CAN FULFILL THEIR DESIGNATED PURPOSES. THE FOUNDATION ACCOUNTS FOR GIFTS AND CONTRIBUTIONS TO THE UNIVERSITY, ENSURING THAT THE FUNDS ARE APPLIED TO THE PURPOSES FOR WHICH THE DONOR INTENDED. CONTINUED ON SCHEDULE O.FUNDS MAY BE EXPENDED OR ENDOWED, PER DONOR DIRECTIONS; EARNINGS FROM ENDOWED FUNDS ARE GENERALLY EXPENDABLE AND DISTRIBUTED TO STUDENT SCHOLARSHIPS OR PROGRAMS IN ACCORDANCE WITH SPECIFICATIONS PROVIDED BY THE DONOR. THE UNIVERSITY FOUNDATION AT SACRAMENTO STATE IS DEDICATED TO SUPPORTING STUDENTS TO FURTHER THE UNIVERSITY'S MISSION TO PROVIDE AN EXCELLENT EDUCATION TO THOSE WHO ASPIRE TO EXPAND THEIR KNOWLEDGE AND PREPARE THEMSELVES FOR MEANINGFUL LIVES, CAREERS AND SERVICE TO THEIR COMMUNITY. 6531893 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 66 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 X 29 22 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X GINA CURRY 9162787461 6000 J STREET SACRAMENTO CA 95819 LUKE WOOD SAC STATE PRES. (AS OF 7/23)/DIR. 0.10 40.00 X X 0 429072 73168 LISA CARDOZA PAST EXEC. DIRECTOR (THRU 7/2023) 0.10 40.00 X X 0 211909 61084 SHARON TAKEDA TEMPORARY EXECUTIVE DIRECTOR 0.10 40.00 X X 0 187510 72605 AJAY SINGH FACULTY REPRESENTATIVE/DIRECTOR 0.10 40.00 X 0 95483 52297 BERNICE BASS DE MARTINEZ SAC STATE FACULTY/GOVERNANCE CHAIR 0.10 20.00 X X 0 63318 84 CHRISTINE AULT SAC STATE FACULTY/DIRECTOR 0.10 8.00 X 0 53375 0 ALICE PEREZ BOARD CHAIR 0.10 0.00 X X 0 0 0 RYAN MURPHY VICE CHAIR 0.10 0.00 X X 0 0 0 GARRY MAISEL CHAIR, FINANCE COMMITTEE, TREASURER 0.10 0.00 X X 0 0 0 SUE MCGINTY BOARD SECRETARY 0.10 0.00 X X 0 0 0 NATALY ANDRADE-DOMINGUEZ STUDENT REPRESENTATIVE/DIRECTOR 0.10 0.00 X 0 0 0 LORA ANGUAY DIRECTOR 0.10 0.00 X 0 0 0 MARGOT BACH DIRECTOR 0.10 0.00 X 0 0 0 FRED BALDINI DIRECTOR 0.10 0.00 X 0 0 0 WALLY BORLAND DIRECTOR 0.10 0.00 X 0 0 0 DAVID BUGATTO DIRECTOR 0.10 0.00 X 0 0 0 SONNEY CHONG DIRECTOR 0.10 0.00 X 0 0 0 MARK DROBNY DIRECTOR (THRU 6/2024) 0.10 0.00 X 0 0 0 VANESSA GUERRA DIRECTOR 0.10 0.00 X 0 0 0 COLETTE HARRIS-MATHEWS DIRECTOR 0.10 0.00 X 0 0 0 DAVID LOPEZ DIRECTOR 0.10 0.00 X 0 0 0 LEE RITCHEY DIRECTOR 0.10 0.00 X 0 0 0 RANDY SOLORIO DIRECTOR 0.10 0.00 X 0 0 0 PAM STEWART DIRECTOR 0.10 0.00 X 0 0 0 SCOTT SYPHAX DIRECTOR 0.10 0.00 X 0 0 0 HOLLY TICHE DIRECTOR 0.10 0.00 X 0 0 0 BUD TRAVERS DIRECTOR 0.10 0.00 X 0 0 0 TINA TREIS CHAIR, AUDIT COMMITTEE 0.10 0.00 X X 0 0 0 JONATHAN BOWMAN SAC STATE CFO, DIRECTOR 0.10 40.00 X 0 270169 75123 ROBERT NELSEN SAC STATE PRES. (THRU 6/23)/DIR 0.10 40.00 X 0 447599 62264 0 1758435 396625 0 1 1 0 ALLEGIANT AIR LLC 1201 N TOWN CENTER DRIVE LAS VEGAS NV 89144 AIR CHARTER FEES 130413 RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 50303 FUNDRAISING CONSULTING 106204 2 92118 9622899 146358 9715017 UNIVERSITY PROGRAMS 611710 372197 372197 372197 3087070 3087070 33384167 23103634 10280533 10280533 10280533 79202 92118 120794 -41592 -41592 23413225 372197 0 13326011 2571371 2571371 413204 413204 910 910 46786 46786 154215 154215 203264 203264 294826 27430 267396 2765 2765 90900 23657 67243 273064 36272 236792 462075 462075 521967 463294 58673 1580 1580 716733 691733 25000 14084 3872 10212 UNIVERSITY PROJECTS 1674306 1605380 38926 30000 DUES AND SUBSCRIPTIONS 20594 14706 5888 MISC. EXPENSE 13258 12870 388 7475902 6531893 759794 184215 3442750 2899335 5107991 3866799 60139 70033 100669716 120740021 223220 241690 109503816 127817878 546316 973544 546316 973544 X 1683544 2231728 0 0 107273956 124612606 108957500 126844334 109503816 127817878 X 15937323 1931041 18470 X X 0 1 X 1 0 X 11718892 8840053 9555191 11754782 9715018 51583936 11718892 8840053 9555191 11754782 9715018 51583936 7167563 44416373 1733381 2845770 4287104 2476073 3087184 14429512 66013448 1806711 0.67280 0.67190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76268623 2828164 12914284 1815942 1130294 1027362 88037473 68164187 4405485 7699093 1617609 986245 1396288 76268623 76503707 3443365 -8881182 1499666 868870 533167 68164187 57158064 4473064 18045403 1371294 721500 1080030 76503707 51227162 5494323 2876306 1164008 653068 622651 57158064 0.07960 0.92040 0.00000 1 0 0 25483530 1931041 1931041 23552489 -139264 -139264 23413225 7596696 120794 120794 7475902 0 7475902 PART V, LINE 4: THE INTENDED PURPOSE OF THE UNIVERSITY FOUNDATION AT SACRAMENTO STATE'S ENDOWMENT FUNDS IS TO BENEFIT SACRAMENTO STATE UNIVERSITY AND ITS STUDENTS. THE BROAD CATEGORIES OF SUPPORT ARE AS FOLLOWS: ACADEMIC SUPPORT, STUDENT SERVICES, INSTITUTIONAL SUPPORT, AND STUDENT GRANTS AND SCHOLARSHIPS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE -120,794. INCREASE IN CSV OF LIFE INSURANCE POLICIES -18,470. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE 120,794. EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X X X X X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 DIRECT MAIL, CROWDFUNDING, GIVING DAY 1 484465 69910 414555 CATAPULT FUNDRAISING INC 2651 N GREEN VALLEY PARKWAY SUITE HENDERSON NV 89014 PHONATON 1 142072 84305 57767 626537 154215 472322 CA AK CO KY MA MD ME MI MN ND NH NJ NV OR SC UT WA AD'S CUP 63653 39588 24065 8001 19558 4210 20081 BASEBALL ALUMNI GOLF TOURNAMENT 49550 27035 22515 9560 5120 8503 1256 1371 2 58117 25495 32622 7985 20100 13480 600 969 171320 92118 79202 25546 44778 26193 1856 22421 120794 -41592 0 CALIFORNIA STATE UNIVERSITY SACRAMENTO 6000 J STREET SACRAMENTO CA 95819 680365325 STATE OF CALIFORNIA 2571371 0 N/A N/A SCHOLARSHIPS 1 0 SCHOLARSHIPS/STIPENDS 373 413204 N/A N/A PART I, LINE 2: THE FOUNDATION TRANSFERS FUNDS TO CALIFORNIA STATE UNIVERSITY, SACRAMENTO. CSUS MAINTAINS THE RECORDS. 0 0 0 0 0 0 0 0 0 ROBERT NELSEN SAC STATE PRES. (THRU 6/23)/DIR 0 447599 0 0 0 0 0 46733 0 15531 0 509863 0 0 LUKE WOOD SAC STATE PRES. (AS OF 7/23)/DIR. 0 414072 0 15000 0 0 0 54953 0 18215 0 502240 0 0 JONATHAN BOWMAN SAC STATE CFO, DIRECTOR 0 270169 0 0 0 0 0 46742 0 28381 0 345292 0 0 LISA CARDOZA PAST EXEC. DIRECTOR (THRU 7/2023) 0 211909 0 0 0 0 0 43963 0 17121 0 272993 0 0 SHARON TAKEDA TEMPORARY EXECUTIVE DIRECTOR 0 187510 0 0 0 0 0 60434 0 12171 0 260115 0 0 AJAY SINGH FACULTY REPRESENTATIVE/DIRECTOR 0 95483 0 0 0 0 0 29190 0 23107 0 147780 0 0 BERNICE BASS DE MARTINEZ SAC STATE FACULTY/GOVERNANCE CHAIR 0 63318 0 0 0 0 0 0 0 84 0 63402 0 0 CHRISTINE AULT SAC STATE FACULTY/DIRECTOR 0 53375 0 0 0 0 0 0 0 0 0 53375 0 0 X 6 126250 FMV X AUCTION ITEMS 97 20108 FMV 0 0 1 0 SCHEDULE M, PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS FOR PUBLICLY TRADED SECURITIES. COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED FOR DONATED AUCTION ITEMS. FORM 990, PART VI, SECTION A, LINE 1A ANY SUCH COMMITTEE, TO THE EXTENT PROVIDED IN THE BOARD RESOLUTION, SHALL HAVE ALL AUTHORITY OF THE BOARD, EXCEPT THAT NO COMMITTEE, REGARDLESS OF BOARD RESOLUTION, MAY: (1) FILL VACANCIES ON ANY COMMITTEE THAT HAS THE AUTHORITY OF THE BOARD; (2) FIX COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ON ANY COMMITTEE; (3) AMEND OR REPEAL BYLAWS OR ADOPT NEW BYLAWS; (4) AMEND OR REPEAL ANY BOARD RESOLUTION THAT BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEALABLE; (5) CREATE ANY OTHER COMMITTEES OF THE BOARD OR APPOINT MEMBERS OF COMMITTEES OF THE BOARD; (6) EXPEND CORPORATE FUNDS TO SUPPORT A NOMINEE FOR DIRECTOR AFTER MORE PEOPLE HAVE BEEN NOMINATED FOR DIRECTOR THAN CAN BE ELECTED; OR (7) APPROVE ANY CONTRACT OR TRANSACTION TO WHICH THE CORPORATION IS A PARTY AND IN WHICH ONE OR MORE DIRECTORS HAS A MATERIAL FINANCIAL INTEREST, EXCEPT AS SPECIAL APPROVAL IS PROVIDED FOR IN SECTION 5233(D)(3) OF THE CALIFORNIA CORPORATIONS CODE. FORM 990, PART VI, SECTION A, LINE 7A TITLE 5 OF THE CALIFORNIA CODE OF REGULATIONS SECTION 42602(B)(2) REQUIRES THAT THE BOARD HAVE VOTING MEMBERSHIP FROM THE FOLLOWING CATEGORIES: (A) ADMINISTRATION AND STAFF; (B) FACULTY; (C) NON-CAMPUS PERSONNEL; AND (D) STUDENTS. AS SUCH, ONE OR MORE OF THE DIRECTORS SHALL BE FROM EACH OF THE FOLLOWING CATEGORIES, ALL FULL VOTING MEMBERS: - FACULTY OF SACRAMENTO STATE - ASI PRESIDENT - A MINIMUM OF 6 NON-CAMPUS PERSONNEL - THE PRESIDENT OF SACRAMENTO STATE - A MEMBER OF THE ALUMNI ASSOCIATION BOARD - VICE PRESIDENT OF UNIVERSITY ADVANCEMENT FORM 990, PART VI, SECTION A, LINE 7B VACANCIES ON THE BOARD SHALL BE FILLED BY APPOINTMENT BY THE PRESIDENT OF CALIFORNIA STATE UNIVERSITY SACRAMENTO FOR THE BALANCE OF THE UNEXPIRED TERM. UPON DISSOLUTION, THE DISTRIBUTION OF NET ASSETS MUST BE APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES FOR CALIFORNIA STATE UNIVERSITY SACRAMENTO. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION HAS ITS FEDERAL 990 PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM. THIS PROCESS INCLUDES A REQUEST FOR INFORMATION FROM THE FOUNDATION, A COMPILATION OF DATA BY THE FOUNDATION'S CONTRACTED ACCOUNTING FUNCTION (CSUS FINANCIAL SERVICES) AS WELL AS THE SAC STATE ADVANCEMENT DIVISION, MULTIPLE LAYERS OF REVIEW BY THE CERTIFIED PUBLIC ACCOUNTING FIRM AND REVIEW OF THE FINAL RETURN BY THE FOUNDATION'S CONTRACTED ACCOUNTING FUNCTION (I.E. CSUS AUXILIARY ACCOUNTING MANAGER AND SENIOR DIRECTOR OF ACCOUNTING SERVICES). REVIEW BY THE CSUS AUXILIARY ACCOUNTING MANAGER AND SENIOR DIRECTOR OF ACCOUNTING SERVICES CONSISTS OF VERIFYING INFORMATION ON THE FINAL TAX RETURN TO INTERNAL FINANCIAL AND CORPORATE RECORDS TO ENSURE ACCURACY. THE VP FOR UNIVERSITY ADVANCEMENT PERFORMS A HIGHER LEVEL REVIEW FOR REASONABLENESS OF FINANCIAL INFORMATION AND ACCURACY OF CORPORATE GOVERNANCE ITEMS. THIS REVIEW MAY INCLUDE MEETINGS WITH THE CSUS AUXILIARY ACCOUNTING MANAGER AND SENIOR DIRECTOR OF ACCOUNTING SERVICES OR EXTERNAL TAX PREPARERS AS NEEDED. THE FOUNDATION'S AUDIT COMMITTEE AND BOARD CHAIR CONDUCT A FINAL REVIEW OF THE TAX RETURN. THIS REVIEW CONSISTS OF CHECKING THE REASONABLENESS OF FINANCIAL INFORMATION AND ACCURACY OF CORPORATE GOVERNANCE ITEMS. INQUIRIES AND REQUESTS FOR MORE INFORMATION ARE DIRECTED TO THE VP OF ADVANCEMENT, THE CSUS AUXILIARY ACCOUNTING MANAGER AND SENIOR DIRECTOR OF ACCOUNTING SERVICES OR THE EXTERNAL TAX PREPARER AS NEEDED. PRIOR TO FILING, AN ELECTRONIC VERSION OF THE FINAL FEDERAL FORM 990 IS TRANSMITTED TO ALL VOTING MEMBERS OF THE BOARD OF DIRECTORS VIA EMAIL. THE VP FOR UNIVERSITY ADVANCEMENT RESPONDS TO ANY QUESTIONS OR COMMENTS FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL SIGNED CONFLICT OF INTEREST FORMS ARE COLLECTED FROM ALL FOUNDATION BOARD DIRECTORS AT THE FIRST BOARD MEETING OF THE YEAR. ALONG WITH THE BOARD DIRECTORS, THEIR FAMILY MEMBERS ARE ALSO COVERED BY THE POLICY. ANNUALLY, THE FOUNDATION CONDUCTS A REVIEW OF THE RELATIONSHIPS AND AFFILIATIONS OF EACH DIRECTOR THROUGH DISCLOSURE FORMS DOCUMENTING AFFILIATIONS, BUSINESS RELATIONSHIPS, AND OTHER AREAS OF POTENTIAL CONFLICTS OF INTEREST FOR THE DIRECTORS. THE TREASURER COLLECTS ALL FORMS AND PREPARES A LISTING ("REPORT"), BY DIRECTOR, OF ALL AFFILIATIONS REPORTED. REPORT IS PRESENTED TO THE AUDIT COMMITTEE AT ANNUAL MEETING. THE AUDIT COMMITTEE REVIEWS REPORT AND PRESENTS FINDINGS TO FULL BOARD OF DIRECTORS FOR APPROVAL. DIRECTORS ARE ALSO RESPONSIBLE FOR REPORTING POTENTIAL CONFLICTS OF INTEREST ON ANY INDIVIDUAL BOARD OR COMMITTEE AGENDA OR GRANT DOCKET ITEM, PRIOR TO DELIBERATION ON THE ITEM. ALL MATERIAL FACTS CONCERNING THE ACTUAL OR POTENTIAL CONFLICT OF INTEREST SHALL BE DISCLOSED TO THE CHAIR OF THE AUDIT COMMITTEE AND TO COUNSEL FOR THE FOUNDATION. SUCH FACTS SHALL BE RECORDED IN THE MINUTES OF THE BOARD MEETING CONSIDERING AUTHORIZATION OR APPROVAL OF AFFECTED GRANT OR BUSINESS TRANSACTION, AND WHERE APPLICABLE IN ANY PROPOSAL SUMMARY OR RECOMMENDATIONS PRESENTED TO COMMITTEES AND/OR THE BOARD FOR DECISION. THE INTERESTED DIRECTOR MAY BE PRESENT AT THE TIME OF INITIAL PRESENTATION OF A PROSPECTIVE GRANT OR BUSINESS TRANSACTION, BUT IS ABSENT FROM THE ROOM DURING BOTH BOARD DISCUSSION, AND ACTION OR VOTE; AND IF NOT INVOLVING A DIRECTOR WITH A MATERIAL FINANCIAL INTEREST, A GRANT MAY BE APPROVED BY A MAJORITY OF THE DIRECTORS PRESENT. ALL OTHER GRANTS AND BUSINESS TRANSACTIONS INVOLVING A CONFLICT OF INTEREST MUST BE APPROVED BY A MAJORITY OF THE DIRECTORS IN OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN CSV OF LIFE INSURANCE POLICIES 18,470. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CALIFORNIA STATE UNIVERSITY SACRAMENTO 6000 J STREET SACRAMENTO CA 95819 680365325 POST-SECONDARY EDUCATION CA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0