Nonprofit · EIN 94-2933165
SAN FRANCISCO BAY UNIVERSITY INC
Tax-exempt · FREMONT, CA 94539
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $18,339,042 | $28,793,044 | -$10,454,002 | $325,051,032 | $2,883,960 | $322,167,072 |
| December 31, 2023 | 990 | $23,746,498 | $15,380,846 | $8,365,652 | $306,152,496 | $1,219,946 | $304,932,550 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,533,333
- Investment income
- $12,251,521
- Net rental income
- $352,506
- Net gain from sales of assets
- $6,804,800
- Other revenue
- $554,188
Expenses
- Grants and similar amounts paid
- $3,997,423
- Compensation of officers, directors and key employees
- $1,807,643
- Other salaries and wages
- $7,029,752
- Salaries, compensation and benefits (total)
- $10,513,663
- Professional fundraising fees
- $0
- Legal fees
- $162,782
- Accounting fees
- $127,279
- Occupancy
- $2,827,650
- Travel
- $131,350
- Depreciation
- $1,461,520
- Program services (functional)
- $16,188,232
- Management and general (functional)
- $12,604,812
Balance sheet and other
- Total assets, start of year
- $306,152,496
- Total assets, end of year
- $325,051,032
- Total liabilities, end of year
- $2,883,960
- Net assets, end of year
- $322,167,072
- Land, buildings and equipment
- $45,161,198
- Publicly traded securities
- $275,429,150
- Net assets without donor restrictions
- $322,167,072
- Gross receipts
- $249,244,872
- Employees
- 185
- Volunteers
- 15
- Year formed
- 1984
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICHOLAS LADANY | PRESIDENT Officer | 40 | $477,638 | $30,191 |
| MELISSA MILLORA | EXECUTIVE VP/COO Officer | 40 | $299,115 | $24,259 |
| HEATHER HERRERA | VP OF STRATEGY AND INNOVATION Highest-paid employee | 40 | $287,529 | $21,795 |
| ANNE SUTARDJI | CHIEF FINANCIAL OFFICER (THRU 3/24) Officer | 40 | $272,808 | $7,314 |
| STEPHANIE KRUSEMARK | VP OF ENROLLMENT MANAGEMENT Highest-paid employee | 40 | $232,353 | $13,719 |
| EVELIA LOPEZ | SENIOR DIRECTOR OF OUTREACH Highest-paid employee | 40 | $188,992 | $21,236 |
| PETER MARIBEI | SENIOR DIRECTOR OF CAREER SERVICES Highest-paid employee | 40 | $166,644 | $18,299 |
| BRADLEY FUSTER | VP ACADEMIC AFFAIRS/PROVOST Key employee | 40 | $171,967 | $12,540 |
| ELTON LI | SENIOR DIRECTOR OF INFORMATION TECH Highest-paid employee | 40 | $162,715 | $21,257 |
| BRIAN KIM | GENERAL COUNSEL Key employee | 40 | $172,218 | $10,463 |
| NELLY MANGAROVA | CHIEF ACADEMIC OFFICER (THRU 3/24) Key employee | 40 | $165,293 | $6,469 |
| CALVIN YU | CHIEF FINANCIAL OFFICER (THRU 9/24) Officer | 40 | $149,712 | $7,656 |
| PAUL CHOI | FORMER EXECUTIVE VP/COO Former | 40 | $117,002 | $0 |
| HANNO SANDER | CHAIRMAN OF THE BOARD (THRU 7/24) Trustee or director, Officer | 1 | $0 | $0 |
| JAY BORGES | DIRECTOR, SECRETARY (AS OF 7/24) Trustee or director, Officer | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANN BISHOP | DIRECTOR (THRU 7/24) Trustee or director | 1 | $0 |
| CARLTON BROWN | DIRECTOR Trustee or director | 1 | $0 |
| CRISTENE BURR | DIRECTOR Trustee or director | 1 | $0 |
| DAVID LOPEZ | DIRECTOR Trustee or director | 1 | $0 |
| ED ALVAREZ | DIRECTOR (THRU 12/24) Trustee or director | 1 | $0 |
| ELENA FROST | DIRECTOR Trustee or director | 1 | $0 |
| GUNJAN PATEL | DIRECTOR Trustee or director | 1 | $0 |
| JANICE SCOTT | DIRECTOR (THRU 6/24) Trustee or director | 1 | $0 |
| JOHNNY YEH | DIRECTOR (THRU 6/24) Trustee or director | 1 | $0 |
| KEMAL ATKINS | DIRECTOR Trustee or director | 1 | $0 |
| MARIA MEDRANO | DIRECTOR Trustee or director | 1 | $0 |
| ROY BIGGE | DIRECTOR (THRU 6/24) Trustee or director | 1 | $0 |
| VICTORIA LION MONROE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL CHOI | EXECUTIVE VP/COO (THRU 9/23) Officer | 40 | $385,379 | $24,439 |
| NICHOLAS LADANY | PRESIDENT Officer | 40 | $284,402 | $9,683 |
| ANNE SUTARDJI | CHIEF FINANCIAL OFFICER Officer | 40 | $254,589 | $12,470 |
| NELLY MANGAROVA | CHIEF ACADEMIC OFFICER Key employee | 40 | $226,607 | $14,184 |
| ELTON LI | SR DIRECTOR OF INFORMATION TECH Highest-paid employee | 40 | $155,840 | $6,584 |
| YAN HE | SOFTWARE MANAGER Highest-paid employee | 40 | $142,600 | $7,130 |
| THAWI IWAGOSHI | DEAN, SCHOOL OF ENGINEERING Highest-paid employee | 40 | $137,600 | $6,680 |
| MONICA SINHA | SR DIR ADMISSIONS & SPECIAL PROJECTS Highest-paid employee | 40 | $120,840 | $6,363 |
| JAMES CONNOR | DEAN, SCHOOL OF BUSINESS Highest-paid employee | 40 | $120,600 | $4,824 |
| HANNO SANDER | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| JOHNNY YEH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANN BISHOP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARLTON BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELENA FROST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUNJAN PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANICE SCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY BORGES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEMAL ATKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROY BIGGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YUZHE HAN | DIRECTOR (THRU 3/23) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 161 MISSION FALLS LANE, FREMONT, CA 94539-7833
- Principal officer (990 for 2024)
- NICHOLAS LADANY, 161 MISSION FALLS LANE, FREMONT, CA 94539
- Signed the 990
- SHERI BOSCARO, CFO
- Phone
- (510) 803-7328
- Website
- HTTPS://WWW.SFBU.EDU/
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2933165 or by the name SAN FRANCISCO BAY UNIVERSITY INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE QUALITY HIGHER EDUCATION TO HELP INDIVIDUALS OF DIVERSE BACKGROUNDS, INTERESTS, AND SKILLS ACHIEVE THEIR FULL ACADEMIC AND CAREER POTENTIAL.
Program accomplishments
- SAN FRANCISCO BAY UNIVERSITY ("SFBU") IS AN INSTITUTION OF HIGHER EDUCATION OFFERING DEGREES AND CERTIFICATES AT THE UNDERGRADUATE AND GRADUATE LEVEL IN FIELDS SUCH AS BUSINESS ADMINISTRATION, COMPUTER SCIENCE, BUSINESS ANALYTICS, ENGINEERING, AND DATA SCIENCE. SFBU HAS BEEN ACCREDITED BY WASC SENIOR COLLEGE AND UNIVERSITY COMMISSION (WSCUC) SINCE 2020. THE INTENSIVE ENGLISH PROGRAM RECEIVED ACCREDITATION FROM THE COMMISSION ON ENGLISH LANGUAGE PROGRAM ACCREDITATION (CEA) IN 2020. SFBU PROVIDES GUEST SPEAKER LECTURES, ORIENTATION, CAREER COUNSELING SERVICES, LIBRARY SERVICES, FIELD TRIPS, CLUB ACTIVITIES, CULTURAL EVENTS, AND OTHER SERVICES TO SUPPORT STUDENT EDUCATION.Expenses $16,188,232 · grants $3,997,423 · revenue $5,533,333
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-2933165
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43Z)
- Assets (IRS master file)
- $325,051,032
- Income (IRS master file)
- $249,244,872
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $18,339,042 | $28,793,044 | $325,051,032 | XML |
| 990 | December 2023 | $23,746,498 | $15,380,846 | $306,152,496 | XML |
| 990 | December 2022 | $14,754,091 | $11,392,869 | $264,099,503 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-2933165).
Questions about SAN FRANCISCO BAY UNIVERSITY INC
- What is the EIN of SAN FRANCISCO BAY UNIVERSITY INC?
- The employer identification number (EIN) of SAN FRANCISCO BAY UNIVERSITY INC is 94-2933165.
- Is SAN FRANCISCO BAY UNIVERSITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to SAN FRANCISCO BAY UNIVERSITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SAN FRANCISCO BAY UNIVERSITY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SAN FRANCISCO BAY UNIVERSITY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAN FRANCISCO BAY UNIVERSITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SAN FRANCISCO BAY UNIVERSITY INC?
- The 990 for the year ended December 31, 2024 names NICHOLAS LADANY.
- Who are the officers and directors of SAN FRANCISCO BAY UNIVERSITY INC?
- The 990 for the year ended December 31, 2024 lists 28 people; 13 received compensation from the organization, the highest $477,638 (NICHOLAS LADANY, PRESIDENT).
- How much revenue does SAN FRANCISCO BAY UNIVERSITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $18,339,042, expenses of $28,793,044 and total assets of $325,051,032 at year end.
Other nonprofits in FREMONT
- OLIVE CHILDREN FOUNDATION EIN 27-1798340 · last filed 990 for 2024
- KESARI FOUNDATION EIN 88-2703350 · last filed 990-PF for 2024
- GOSUMEC FOUNDATION USA EIN 92-1826702 · last filed 990 for 2025
- SOAR FOUNDATION EIN 94-3255490 · last filed 990 for 2024
- MATH-SCIENCE NUCLEUS EIN 94-2862140 · last filed 990 for 2025
- AVANTI FELLOWS USA EIN 27-3567586 · last filed 990 for 2025
- AVERROES HIGH SCHOOL EIN 27-4119068 · last filed 990 for 2024
- PALM ACADEMY INC EIN 20-5949060 · last filed 990 for 2025