Overview
What is California State University Institute?
The California State University Institute is an auxiliary organization of the California State University (CSU) system, based in Long Beach, California. Its primary mission is to enhance the financial capabilities of CSU by operating a Commercial Paper (CP) program. This program facilitates short-term financing for capital improvements during construction phases, financing various campus and auxiliary capital outlay projects, and lending proceeds to campuses and auxiliaries for equipment purchases through the Equipment Financing Program. The Institute also manages centralized financing and investment programs on behalf of the CSU system. As of the current information, the Equipment Financing Program does not have any outstanding debt. The Institute's purpose is to further the mission of CSU by providing centralized financing solutions.
Official website here: www.calstate.edu
Is California State University Institute legitimate?
California State University Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. California State University Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.calstate.edu
What is the mission statement of California State University Institute?
The California State University Institute's mission is to support the California State University (CSU) by facilitating centralized financing and investment programs, primarily through its Commercial Paper Program. This institution aims to enhance the capital financing for projects, equipment, and facilities serving CSU. The Institute utilizes a Commercial Paper program, funding capital improvements during construction periods and lending proceeds to campuses and auxiliaries for equipment purchases, supported by capital leases. Notably, the Equipment Financing Program currently has no outstanding debt due to full repayment of related capital leases and no new lease-financing transactions.
Official website here: www.calstate.edu
What is the revenue of California State University Institute?
California State University Institute's revenue in 2024 was $9,461,558.
Official website here: www.calstate.edu
Who are the executives of California State University Institute and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $400,918
- Other: $138,092
- Compensation: $0
- Related: $697,767
- Other: $180,632
- Compensation: $0
- Related: $159,922
- Other: $44,719
- Compensation: $0
- Related: $426,028
- Other: $168,391
- Compensation: $0
- Related: $296,249
- Other: $105,753
- Compensation: $0
- Related: $304,263
- Other: $127,923
- Compensation: $0
- Related: $331,306
- Other: $133,847
- Compensation: $0
- Related: $157,490
- Other: $75,920
- Compensation: $0
- Related: $291,492
- Other: $118,933
Official website here: www.calstate.edu
Where can I find the form 990 for California State University Institute?
California State University Institute's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.calstate.edu
Learn more at the official website: www.calstate.edu
Mission Statement of California State University Institute
The California State University Institute's mission is to advance the objectives of California State University (CSU) by facilitating centralized financing and investment programs on its behalf, primarily focusing on the Commercial Paper Program of the CSU system. This organization serves as an auxiliary entity of CSU, known as the Institute, and plays a significant role in enhancing the capital financing for projects, equipment, and facilities that serve CSU. The Institute utilizes a Commercial Paper (CP) program for various financing activities, primarily funding capital improvements during construction periods by issuing CP to finance campus and auxiliary capital outlay projects. Additionally, the Institute also issues CP and lends the proceeds to campuses and auxiliaries to finance equipment purchases, supported by capital leases under the Equipment Financing Program. As of the current fiscal year, the Equipment Financing Program does not have any outstanding debt, due to the full repayment of related capital leases and the absence of any new lease-financing transactions.
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Impact
October, 2024
The California State University Institute significantly enhances the capital financing available for projects, equipment, and facilities serving the California State University (CSU) system. By operating a commercial paper program, the Institute provides essential funding that supports various campus and auxiliary capital projects, enabling the CSU to improve and expand its educational infrastructure.
In the recent fiscal year, the Institute facilitated short-term financing of $115.4 million, directly contributing to the development of essential facilities and equipment across the CSU campuses. This financing strategy allows for efficient capital management, ensuring that resources are available when needed for construction and improvement projects, while also minimizing the financial burden on individual campuses.
Furthermore, the Institute supports an equipment financing program that enables campuses to acquire necessary technological resources through capital leases. The successful management of these leases, with no outstanding debt currently, demonstrates the Institute's effectiveness in maintaining a sustainable financial framework that benefits the entire CSU system.
Overall, the California State University Institute plays a crucial role in enabling the CSU to fulfill its mission of providing accessible, high-quality education by ensuring that campuses have the financial resources needed for ongoing development and innovation.
This information is meant to be a general summary of California State University Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $372,900
- Program Service Revenue: $9,088,658
- Gross Receipts: $9,461,558
Assets and Liabilities:
- Total Assets: $118,822,639
- Total Liabilities: $115,591,725
- Net Assets: $3,230,914
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST RECOVERY
Revenue
$6,692,129
PROGRAM COST RECOVERY
Revenue
$2,396,529
Organization Details
Founding Year
1993
Principal Officer
Mildred Garcia
Website
www.calstate.eduNTEE Category
Code: B110 - Education
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