2024-10-23T18:43:46-05:00 2024-06-30 930623286 ALDRICH CPAS AND ADVISORS LLP 1903 WRIGHT PLACE 180 CARLSBAD CA 92008 990 2023-07-01 990157509 SONOMA STATE UNIVERSITY FOUNDATION SONO 7076643251 1801 EAST COTATI AVE ROHNERT PARK CA 94928 AMANDA VISSER CFO 7076643251 2024-10-17 1 1 DEBRA D SMITH CPA P00646873 7604318440 2024-10-17 2023 2024-10-15 13:58:12Z AMANDA VISSER 1801 EAST COTATI AVE ROHNERT PARK CA 94928 10455207 0 X WWW.SONOMA.EDU X 1974 CA TO ADMINISTER GIFTS THAT ENHANCE AND PROMOTE SONOMA STATE UNIVERSITY'S EDUCATIONAL MISSION. 24 18 0 0 -26633 0 5743459 1338109 60520 79027 1217468 2251162 -4044 -26633 7017403 3641665 4963255 3748478 0 0 0 0 0 0 0 419853 444719 5383108 4193197 1634295 -551532 68350668 72662140 2943 1973 68347725 72660167 X THE FOUNDATION'S PRINCIPAL MISSION IS TO RECEIVE AND ADMINISTER ENDOWMENT GIFTS AND PLANNED GIVING THAT ENHANCE AND PROMOTE SONOMA STATE UNIVERSITY'S EDUCATIONAL MISSION. THE ACTIVITIES OF THE FOUNDATION ARE DIRECTED BY A BOARD OF COMMUNITY, STUDENT, FACULTY AND ADMINISTRATIVE REPRESENTATIVES. THE FOUNDATION IS A CALIFORNIA STATE UNIVERSITY AUXILIARY ORGANIZATION, AS DEFINED IN TITLE 5 OF THE CALIFORNIA CODE OF REGULATIONS. 0 0 3748478 3748478 CAMPUS AND SCHOLARSHIP PROGRAMS PROVIDE SUPPORT TO THE UNIVERSITY FOR STUDENTS AND PROGRAMS ALONG WITH ACTIVITIES RELATING TO INSTRUCTIONAL AND STUDENT ENRICHMENT. 79027 SPECIAL PROGRAMS ASSOCIATED PRIMARILY WITH ACADEMIC SUPPORT, STUDENT SERVICES AND INSTITUTIONAL SUPPORT. 3748478 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X THE ORGANIZATION 7076643251 1801 EAST COTATI AVE ROHNERT PARK CA 94928 DAVID FELTE CHAIR 5.00 X X 0 0 0 DR MARIO A PEREZ CHIEF EXECUTIVE OFFICER 10.00 40.00 X X 0 238632 74457 IAN HANNAH CHIEF OPERATING OFFICER & 10.00 40.00 X X 0 172656 66355 AMANDA VISSER CHIEF FINANCIAL OFFICER 10.00 40.00 X X 0 169536 64807 TOM ISAAK BOARD VICE-CHAIR 1.00 X X 0 0 0 DR ANDREA NEVES DIRECTOR 1.00 X 0 0 0 DR FRANK CHONG DIRECTOR 1.00 X 0 0 0 JOSEPH HUANG DIRECTOR 1.00 X 0 0 0 ANITA CHRISTMAS DIRECTOR 1.00 X 0 0 0 MARCELA PIEDRA DIRECTOR 1.00 X 0 0 0 ALI POURGHADIR DIRECTOR 1.00 X 0 0 0 THOMAS GILLESPIE DIRECTOR 1.00 X 0 0 0 CASSANDRA GARCIA DIRECTOR 1.00 X 0 0 0 MICHAEL SULLIVAN DIRECTOR 1.00 X 0 0 0 TAYLOR FRICKMAN DIRECTOR 1.00 X 0 0 0 BRENT THOMAS DIRECTOR 1.00 X 0 0 0 TRAVIS SARACCO DIRECTOR 1.00 X 0 0 0 ROBERT U'REN DIRECTOR 1.00 X 0 0 0 RANDY PENNINGTON DIRECTOR 1.00 X 0 0 0 DR BRIGITTE LAHME DIRECTOR 1.00 40.00 X 0 124455 46784 MONIR AHMED DIRECTOR 1.00 40.00 X 0 258630 72872 ERNESTO OLIVARES DIRECTOR 1.00 X 0 0 0 MARASKESHIA SMITH DIRECTOR 1.00 X 0 0 0 MING-TUNG MIKE LEE DIRECTOR 1.00 40.00 X 0 452401 143649 0 1416310 468924 0 0 1 0 0 1338109 138383 1338109 CAMPUS PROGRAMS 900099 79027 79027 79027 1338458 1338458 7726246 6813542 912704 912704 912704 PARTNERSHIP K-1 INCOME 900099 -26633 -26633 -26633 3641665 79027 -26633 2251162 3748478 3748478 2385 2385 48750 48750 208619 208619 14714 14714 17888 17888 7060 7060 2950 2950 7580 7580 UNIVERSITY SERVICES 119443 0 119443 0 MEMBERSHIPS 12341 0 12341 0 UNIFORMS 1546 0 1546 0 HOSPITALITY 1084 0 1084 0 359 359 4193197 3748478 444719 0 287510 243642 320182 393938 2451341 1462058 43868959 49286075 20489357 20274519 933319 1001908 68350668 72662140 2943 1973 2943 1973 X 0 0 0 0 68347725 72660167 68347725 72660167 68350668 72662140 X -551532 4837341 26633 X 0 1 X 1 0 X 2952118 2656945 5746473 5743459 1338109 18437104 2952118 2656945 5746473 5743459 1338109 18437104 8351300 10085804 995516 824081 918943 932604 1338458 5009602 7732 2566 117679 0 0 127977 23574683 375211 0.42780 0.44730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49704993 898853 6880934 7564141 49920639 49382194 424484 -101685 49704993 44825806 3629186 927202 49382194 40729139 1581754 2514913 44825806 38557237 660984 1510918 40729139 1.00000 1 0 0 14487615 F REAL ASSETS AND COMMODITIES 3949261 F CSU CONSOLIDATED SWIFT POOL 1793583 F ANNUITY AND LIFE INSURANCE 44060 F 20274519 X 8297020 4837341 4837341 3459679 208619 -26633 181986 3641665 3984578 0 3984578 208619 208619 4193197 PART V, LINE 4: THESE ENDOWMENTS PROVIDE A PERPETUAL STREAM OF ANNUAL INCOME IN SUPPORT OF UNIVERSITY ACADEMIC AND ACADEMIC-RELATED PROGRAMS AND SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM CALIFORNIA FRANCHISE AND INCOME TAX UNDER SECTION 23701(D) OF THE REVENUE AND TAXATION CODE. CONTINUANCE OF SUCH EXEMPTION IS SUBJECT TO COMPLIANCE WITH LAWS AND REGULATIONS OF THE TAXING AUTHORITIES. THE FOUNDATION UTILIZES ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THE FOUNDATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE STATEMENTS OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION, WHEN APPLICABLE. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2024 AND 2023 AND THEREFORE, NO AMOUNTS HAVE BEEN ACCRUED. THE FOUNDATION FILES INCOME TAX RETURNS IN THE UNITED STATES AND VARIOUS STATE AND LOCAL JURISDICTIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAAP/TAX DIFFERENCE PARTNERSHIP K-1 UBI -26,633. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, HEDGE FUNDS PRIVATE EQUITY INVESTMENTS NA 11702409 0 0 0 0 0 0 11702409 0 11702409 1 0 0 0 0 0 1 SONOMA STATE UNIVERSITY 1801 EAST COTATI AVE ROHNERT PARK CA 94928 680338225 501(C)(3) 3748478 0 PROGRAM SUPPORT 1 0 SCHEDULE I, PART I, LINE 2 SONOMA STATE UNIVERSITY FOUNDATION'S PURPOSE IS TO ENHANCE AND PROMOTE SONOMA STATE UNIVERSITY'S EDUCATIONAL MISSION. AS SUCH, ALL GRANTS OR ASSISTANCE ARE PROVIDED ONLY TO SONOMA STATE UNIVERSITY AND ITS AFFILIATES TO FULFILL ITS EXEMPT EDUCATIONAL PURPOSE. THE USE OF GRANT FUNDS FROM THE FOUNDATION TO THE UNIVERSITY ARE MONITORED THROUGH THE UNIVERSITY'S ESTABLISHED POLICIES. X 1 0 0 0 0 0 0 0 0 0 0 MING-TUNG MIKE LEE DIRECTOR 0 380401 0 0 0 72000 0 122051 0 21598 0 596050 0 0 MONIR AHMED DIRECTOR 0 258630 0 0 0 0 0 46733 0 26139 0 331502 0 0 DR MARIO A PEREZ CHIEF EXECUTIVE OFFICER 0 238632 0 0 0 0 0 46733 0 27724 0 313089 0 0 IAN HANNAH CHIEF OPERATING OFFICER & 0 172656 0 0 0 0 0 55365 0 10990 0 239011 0 0 AMANDA VISSER CHIEF FINANCIAL OFFICER 0 169536 0 0 0 0 0 54367 0 10440 0 234343 0 0 DR BRIGITTE LAHME DIRECTOR 0 124455 0 0 0 0 0 35845 0 10939 0 171239 0 0 PART I, LINE 1A THE PRESIDENT OF THE UNIVERSITY SERVES ON THE BOARD OF DIRECTORS FOR THE FOUNDATION AND RECEIVES A HOUSING ALLOWING FROM SONOMA STATE UNIVERSITY. PART I, LINE 3 SONOMA STATE UNIVERSITY FOUNDATION DOES NOT HAVE ANY EMPLOYEES. SONOMA STATE UNIVERSITY, A RELATED ORGANIZATION, DOES COMPENSATE EMPLOYEES. SONOMA STATE UNIVERSITY HAS A FORMAL COMPENSATION REVIEW POLICY AND UNIVERSITY POLICIES ARE ESTABLISHED AND FOLLOWED BY UNIVERSITY EMPLOYEES. X 3 138383 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE DRAFT RETURN FOR ACCURACY AND REASONABLENESS WHO THEN MAKES THE DRAFT AVAILABLE TO THE BOARD TO REVIEW AND MAKE INQUIRIES PRIOR TO FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C ONCE A YEAR, THE FOUNDATION'S ATTORNEY MEETS WITH THE BOARD TO DISCUSS CONFLICT OF INTEREST AND WHAT IT MEANS. THE POLICY IS REVIEWED AND ALL BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO DISCLOSE ANY CONFLICTS BEFORE SIGNING A STATEMENT THAT IS KEPT ON FILE. FORM 990, PART VI, SECTION B, LINE 15 SONOMA STATE UNIVERSITY FOUNDATION, INC. DOES NOT HAVE ANY EMPLOYEES. SONOMA STATE UNIVERSITY A RELATED ORGANIZATION, DOES COMPENSATE EMPLOYEES. SONOMA STATE UNIVERSITY HAS A FORMAL COMPENSATION REVIEW POLICY AND UNIVERSITY POLICIES ARE ESTABLISHED AND FOLLOWED BY ALL UNIVERSITY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND CAN ALSO BE FOUND ON THE ORGANIZATIONS' WEBSITE. FORM 990, PART XI, LINE 9: GAAP/TAX DIFFERENCE PARTNERSHIP K-1 UBI 26,633. SONOMA STATE UNIVERSITY 1801 EAST COTATI AVE ROHNERT PARK CA 94928 680338225 HIGHER EDUCATION CA 501(C)(3) LINE 2 N/A 0 SONOMA STATE ENTERPRISES INC 1801 EAST COTATI AVE ROHNERT PARK CA 94928 942342146 SUPPORT SONOMA STATE UNIVERSITY CA 501(C)(3) LINE 11 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0