California State University Channel Islands Foundation

Nonprofit profile at a glance

EIN
770433230
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Camarillo, CA, USA
Phone
8054378400
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$14,256,721
Expenses
$10,275,435
Assets
$107,569,203
Liabilities
$1,078,957

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • RICHARD YAO (BOARD MEMBER (CSUCI PRESIDENT))

Highest reported compensation

  • RICHARD YAO (BOARD MEMBER (CSUCI PRESIDENT)): $520,304 total reported compensation
  • RICHARD LEROY (BOARD MEMBER): $341,179 total reported compensation
  • BARBARA REX (TREASURER, EX-OFFICIO (UNTIL 08/24)): $315,291 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

State funds alone cannot provide for all the costs associated with providing the finest education possible to our students. The csu channel islands foundation, a non-profit 501(c)(3), was established for the purpose of encouraging and accepting private gifts to the university. The foundation is the catalyst and conduit through which gifts and endowment income flow to provide immediate and long-term support of the university.

What it reported doing in 2024

Other program expenses: unrestricted $854,785library programs $448,324mvs business programs $358,467research programs $319,132chs nursing $311,130roi programs $299,859ecmc transfer success $252,606school of ed program $193,302academic affairs internshp fnd $156,323bruno pozzi case mgmt.-dass $121,699edison stem & srirs $98,879cdae programs $75,111extended university $64,628campus life programs $57,425arts & sciences programs $53,123education programs $53,075academic support $40,333student services $36,219peer mentor $29,921mission based centers $28,058rac cosecha $19,167otp programs $17,094other $6,306public service $927credit card processing fees $4,230

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 68
  • Accountability: 90
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.4%; rating input score 80
  • Program expense ratio: 86.5%; rating input score 86
  • Fundraising efficiency: $29.41 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.5%; rating input score 98; 30th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 27.9%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 10.47; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 3%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 11.6% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 14.1% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 14.1% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 80.4% of revenue deployed · 86.5% of spending went to programs
  • Governance: 20 of 22 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $8.9M in reported program spending
  • Leadership: top reported pay $520K · 24 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.