Chico State Enterprises EIN 68-0386518 Form 990 (PDF) Claim this org

Chico State Enterprises

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Supports CSU, Chico's educational and public service goals. For fiscal year 2024 it reported $84.4M in revenue, $82.1M in expenses, and $31.9M in net assets.Pt I

Founded
1997
Type
Supporting organization · Education
Location
Chico, CA
Website
www.csuchico.edu/cse
Filings
5 on file (2020–2024)
Revenue
$84.4MFY2024
Expenses
$82.1M
Net assets
$31.9M
People
21
Filings
5
Updates
0
More identity details & actions ⌄
EIN  68-0386518 Supporting organization Chico, CA Founded 1997
Form 990 (PDF)
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Figures match the IRS filing checked 7/7/26 · see original: IRS
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Size
$10–100M
What they do
Supports CSU, Chico's educational and public service goals.
Leadership
Mary Sidney · Board Secretary, Cse CEO · $254K
Money in and out
$84.4M revenue, $82.1M expenses
Bottom line
+3% net inflow
Money in and out · FY2024
Total revenue
$84.4M
Pt VIII · Ln 12
Total expenses
$82.1M
Pt IX · Ln 25
Net assets
$31.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.3M
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Net inflow
+3%
revenue over expenses, this year▲ +236% vs prior filing year
Pass-through gifts
83%
of revenue from contributions▲ +2% vs prior filing year
Program spending
83%
of expenses reach stated programs▼ -3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$84.4M
FY2024▲ +10%
Expenses
$82.1M
FY2024▲ +5%
Total assets
$56.4M
FY2024▲ +6%
Total liabilities
$24.5M
FY2024▲ +6%
Total revenue
$84.4M
Pt VIII · Ln 12
Total expenses
$82.1M
Pt IX · Ln 25
Net assets
$31.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.3M
Total assetsPt X · Ln 16$56.4M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $68.2M of program spending, described in the organization's own filed words · FY2024.
01

The generation and administration of over 400 externally funded teaching, research, and service projects from federal, state, and private sources (contracts and grants) each year. The majority of these "sponsored programs" provide educational opportunities for students as well.

$65.6Mprogram expense
02

Campus programs operate to support the mission of chico state enterprises and support csu, chico. These programs include non-credit bearing regional and continuing education activities, and university performances which provide benefits to both campus and the community.

$2.4Mprogram expense
03

Administrative support is provided to all programs operating through chico state enterprises. These programs provide educational opportunities and income in support of the academic program. Administrative support is also given to the university foundation, which handles all philanthropic funds for csu, chico.

$237Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChico State Enterprises
EINHdr · item D68-0386518
Principal addressHdr · item CChico, CA
WebsiteHdr · item Jwww.csuchico.edu/cse
Year of formationHdr · item L1997
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B110)
Ruling yearIRS BMFApr 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Secretary, Cse CEO
$254,316Pt VII · Sec A
Director, Geological Information Center
$192,069Pt VII · Sec A
Director of Finance and Accounting
$179,792Pt VII · Sec A
Director of Human Resources
$172,204Pt VII · Sec A
Director of Sponsored Programs Administration
$164,130Pt VII · Sec A
Chc Director
$154,651Pt VII · Sec A
Board Member/Community Member
$0Pt VII · Sec A
Board Member/Csu Chico Student, End 5/2025
$0Pt VII · Sec A

Mary Sidney’s $254K as Board Secretary, Cse CEO is at the 54th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Mary Sidney$254,316$223,851$216,453$195,857$180,100$37,276
Jason Schwenkler$192,069$144,579$142,785$135,434$128,805
Vance Kelly$179,792$148,953$152,967$135,424$146,964
Russell Wittmeier$172,204$150,083$141,998$134,804$120,773
Jason Schwenkler$166,065
Michele Flowerdew$164,130$159,078$146,290$129,103$129,662
Kristin Gruneisen$154,651$150,769$144,105$127,357
Russell Wittmeier$112,572

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$70.3M · 83%
Program service revenue$11.7M · 14%
Other revenue$1.6M · 2%
Investment income$802K · 1%
Contributions & grants83%$70.3M
Program service revenue14%$11.7M
Other revenue2%$1.6M
Investment income1%$802K
— government grantsLn 1e$65.3M
Total revenueLn 12$84.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$68.2M
Management & general17%$13.9M
Total functional expensesLn 25$82.1M

Balance Sheet

Part X · end of year
CashLn 1$10.9M
Total assetsLn 16$56.4M
Total liabilitiesLn 26$24.5M
Total net assetsLn 32$31.9M
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $24.5M · Operating expenses (Pt IX) $82.1M · Less non-cash grants $3.2M · Cash operating expenses/yr $78.9M
3.7 months
Where the money goes
Program services
Program services $68.2M · Total expenses $82.1M
83%
Management & General
Management & general $13.9M · Total expenses $82.1M
17%
Fundraising
Fundraising $0 · Total expenses $82.1M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $2.8M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $70.3M · Total revenue $84.4M
83%
Government reliance
Government grants $65.3M · Total revenue $84.4M
77%
Earned-income share
Program service revenue $11.7M · Total revenue $84.4M
14%
Investment reliance
Investment income $802K · Total revenue $84.4M
+0.9%
Program self-sufficiency
Program service revenue $11.7M · Total expenses $82.1M
14%
Growth & trend
Revenue growth (YoY)
This year $84.4M · Prior year $76.9M
+10%
Revenue CAGR
FY2019 $42.3M · FY2024 $84.4M
+15%
Net-asset trend (YoY)
End of year $31.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $84.4M · Expenses $82.1M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $56.4M
Net-asset ratio
Net assets $31.9M · Total assets $56.4M
57%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $12.4M · Other securities (Pt X, ln 12) $1.3M · Total assets (Pt X, ln 16) $56.4M
24%
People & payroll
Highest Reported Total Compensation
Individual Mary Sidney · Reported title Board Secretary, CSE CEO · Highest reported compensation $254K · Total expenses $82.1M
0.3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41.9M · Total expenses $82.1M
51%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Revenue growth 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$15K
Grants paid · 18 grants · $21.2M · 2019–2024
Unitemized GrantFY2024$5,438,258
California State University ChicoFY2024$265,228
Unitemized GrantFY2024$15,575
Unitemized GrantFY2023$5,130,359
California State University ChicoFY2023$219,940
Unitemized GrantFY2023$13,600
Unitemized GrantFY2022$3,362,386
California State University ChicoFY2022$273,841
Unitemized GrantFY2022$10,912
Unitemized GrantFY2021$2,739,992
California State University ChicoFY2021$258,685
Unitemized GrantFY2021$32,900
Unitemized GrantFY2020$2,086,702
California State University ChicoFY2020$123,890
Unitemized GrantFY2020$31,525
Unitemized GrantFY2019$1,069,781
California State University ChicoFY2019$152,025
Unitemized GrantFY2019$16,716

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$76.9M revenue · ⤓ 990 PDF
FY2023$59.6M revenue · ⤓ 990 PDF
FY2022$54.3M revenue · ⤓ 990 PDF
FY2021$46.9M revenue · ⤓ 990 PDF
FY2020$42.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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