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California State University Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 956123757 ✦ Long beach, CA ✦ Designated as a 501(c)(3)

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Overview

What is California State University Foundation?

The California State University Foundation, established in 1962, is the central support organization for the California State University (CSU) system. Situated in Long Beach, California, this nonprofit institution aims to boost educational excellence within CSU by collaborating with external funders. Their mission involves enhancing teaching, learning, community service, and applied research within the university. The foundation serves the Office of the Chancellor and is dedicated to promoting the CSU as a distinguished leader in higher education, upholding values and quality. Their activities focus on improving the graduation rate and teacher preparation.


Official website here: www.calstate.edu/foundation/

What are the reviews and ratings of this charity?

Charity Navigator rated the California State University Foundation with a Four-Star out of Four Star rating, scoring 97%. This high rating reflects the organization's strong performance in accountability and finance, where it achieved a perfect score of 100. The foundation benefits from having a majority of independent board members, robust financial oversight, and effective policies in place, indicating a commitment to transparency and responsible financial management.

The foundation excels with a program expense ratio of 97.47%, showing a strong focus on directing funds towards its mission rather than administrative costs. Additionally, its fundraising efficiency ratio is notably high, reflecting effective practices in resource mobilization. The foundation maintains a significant working capital ratio, ensuring it has ample resources to fulfill its objectives over the long term.

However, the foundation's Culture & Community Score stands at 73, indicating room for improvement in its equity strategies and community engagement efforts. While the organization's financial health is commendable, enhancing its community impact and inclusivity could further improve its overall effectiveness and reputation within the sector.


This AI summary has been generated from information found on Charity Navigator.

Is California State University Foundation legitimate?

California State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. California State University Foundation 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/foundation/

What is the mission statement of California State University Foundation?

The California State University Foundation's mission is centered around enhancing the educational excellence of the California State University. This is achieved through supporting teaching, learning, community service, and applied research. Established in 1962, the foundation serves as the central entity for the California State University system, under the Office of the Chancellor. Its primary goal is to promote and uphold excellence in education, and to cater to the national, state, and regional interests of the university. The California State University Foundation is dedicated to boosting the reputation of the California State University as a leading institution in the field of higher education.


Official website here: www.calstate.edu/foundation/

Who is the CEO of California State University Foundation?

Lori A Redfearn is the President of California State University Foundation.


Official website here: www.calstate.edu/foundation/

What is the revenue of California State University Foundation?

California State University Foundation's revenue in 2023 was $6,047,467.


Official website here: www.calstate.edu/foundation/

Who are the executives of California State University Foundation and what are their salaries?

There 15 volunteers at California State University Foundation.


Here are 23 key members and their salaries:


Kristin Crellin (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gillian Wright (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Fong (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lucki (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keri Askew Bailey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Augustine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Barhorst (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Brightbill (Director (Thru 2/6/23))
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberley Goode (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lizarraga (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Marcus (Director (Thru 2/8/23))
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorene Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Perea (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ali Razi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Ruiz (Director (Thru 7/8/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Shari Slate (Director (Thru 6/20/23))
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Stuck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gaddi Vasquez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Wells (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolene Koester (Interim Chancellor (Ex Officio))
  • Compensation: $0
  • Related: $437,304
  • Other: $120,137
Lori A Redfearn (President)
  • Compensation: $0
  • Related: $281,785
  • Other: $111,224
Aaron J Moore (Chief Financial Officer)
  • Compensation: $0
  • Related: $154,305
  • Other: $70,274
Wendy Chavira Garcia (Vice President)
  • Compensation: $0
  • Related: $98,767
  • Other: $56,767


Official website here: www.calstate.edu/foundation/

Where can I find the form 990 for California State University Foundation?

California State University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.calstate.edu/foundation/

Learn more at the official website: www.calstate.edu/foundation/

Mission Statement of California State University Foundation

The California State University Foundation, established in 1962, serves as the central foundation for the California State University (CSU) system and supports the Office of the Chancellor. Its mission is threefold: to enhance the educational excellence of CSU in teaching, learning, community service, and applied research. The foundation is committed to promoting and fostering the CSU as a leader of value and quality in higher education, with a focus on supporting excellence in teaching and learning, and serving the national, state, and regional interests of the university.

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Impact




July, 2024

The California State University Foundation's impact is significant in enhancing the educational excellence of the California State University system. It supports major CSU initiatives such as improving graduation rates and teacher preparation through collaboration with external funders. Established in 1962, the Foundation serves as the central foundation for the CSU system and the Office of the Chancellor. The Foundation is committed to promoting the CSU as a leader of value and quality in higher education, serving national, state, and regional interests.




This information is meant to be a general summary of California State University Foundation. 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.

Revenue
$6,047,467 (2023)
Expenses
$6,105,615 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,547,060
  • Program Service Revenue: $31,160
  • Gross Receipts: $28,941,379

Assets and Liabilities:

  • Total Assets: $52,244,954
  • Total Liabilities: $8,366,326
  • Net Assets: $43,878,628

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEETING REGISTRATION FEES

Revenue

$31,160

Organization Details

Founding Year

1962

Principal Officer

Lori A Redfearn

Main Address

401 GOLDEN SHORE, LONG BEACH, CA, 90802

NTEE Category

Code: T114 - Philanthropy

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