2005-06 ANNUAL REPORT - CSULB Research … annual report california state university, long beach founda tion 1956–2006 50th anniversary

2005-06ANNUAL REPORT

CALIFORNIA STATE UNIVERSITY, LONG BEACH

F O U N D A T I O N

1 9 5 6 – 2 0 0 6

50th Anniversary

C S U L B F O U N D A T I O N A N N U A L R E P O R T 2 0 0 5 - 0 6

2005-06ANNUAL REPORT



TABLE OF CONTENTS

2 President’s Message – F. King Alexander

3 Executive Director’s Message – Robert J. Behm

3 Mission/Vision/Value Statement

4 Board of Directors

6 University Relations and Development Division Report

8 Office of University Research – Elizabeth L. Ambos

10 CSULB Technology Park – Mo Tidemanis

12 CSULB Foundation Celebrates its 50th Anniversary

Project Activities

14 Keck Foundation Grant Helps Establish Center for Education in Proteomic Analysis

16 The Missing Piece of the Puzzle

Central Office Department Activities

18 Finance and Accounting – Alan Ray

19 Human Resources and Administrative Services – Brian M. Nowlin

20 Grants, Contracts and Foundation Programs – Sue DeRosa

23 Financial Statements

30 Credits/EEO Statement

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PRESIDENT’S MESSAGE

The 2005-06 academic year marked a change in California State University,Long Beach’s administration as Dr. Robert C. Maxson retired after 12 yearsof dedicated service and I was fortunate and honored to be selected as theuniversity’s new president.

I entered my new role at CSULB with complete confidence in its previousand current fiscal management. The CSULB Foundation has evolved into animportant cornerstone of our great university, successfully managing a varietyof private gifts, grants and other financial matters while also deriving addi-tional income from entrepreneurial activities that benefit our students, fac-ulty and staff.

As the CSULB Foundation celebrates its 50th anniversary year, we look for-ward to aggressively pursuing new revenue-producing activities that will con-tinue to benefit our university. In striving to achieve this objective, we alsoremain ever mindful of our commitments to prudent fiscal management.Through the assistance of our many donors, grant partners and other support-ers, Cal State Long Beach will continue to shine as one of California’s besteducational institutions.

Go Beach!

Sincerely,

F. King AlexanderPresident


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CELEBRATION COULD BE THE THEME FOR THE FOUNDATION IN 2006.

The Foundation celebrates its 50th anniversary this year. Fifty years ago, thenumber one song in the United States was “Memories are Made of This” byDean Martin. 1956 inventions included Mistake Out (later called Liquid Pa-per), the hovercraft, the transatlantic telephone cable, and the approval ofthe polio vaccine. The Foundation has kept pace with the rapid developmentsin the world since then.

2006 marks significant milestones in the Foundation’s development. TheFoundation has exceeded $100 million in asset value and approaches arecord level of research grant awards. We take pride in the accomplishmentsof the dedicated staff of the Foundation and the university.

It is fitting that in this anniversary year we welcome the arrival of PresidentF. King Alexander. President Alexander’s support for research and his dedica-tion to dramatically increasing the university’s endowment funds invigoratesand challenges us as we look to the Foundation’s next 50 years.

Thanks to our Board of Directors, President Alexander and the campus com-munity for their continued support of the Foundation.

Robert J. BehmExecutive Director

MISSION STATEMENT

California State University, LongBeach Foundation serves the mis-sion of the university by supportingand engaging in research, entrepre-neurship, community service, spon-sored programs and the acquisitionof private resources.

VISION STATEMENT

Dedicated and caring employees • exceeding expectations• exploring new opportunities• valued as a vital contributor to thecampus community.

VALUES

INTEGRITY – Maintain high stan-dards and consistent performancewithin an environment of profes-sional ethics and responsibility forone’s actions.

SERVICE – Provide excellent, cost-effective and responsive services tostudents, faculty, staff and the com-munity at large.

TEAMWORK – Promote an envi-ronment of cooperation, trust andopen communication.

DIVERSITY – Embrace thestrengths, experiences and talents ofevery individual.

INNOVATION – Support newideas, entrepreneurship and continu-ous improvement.

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Andrea TaylorVice Chair

F. King AlexanderChair

Dorothy AbrahamseSecretary

William H. GriffithTreasurer

CSULB FOUNDATION BOARD OF DIRECTORS


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Kelly JanousekMember

Chris LeeMember

Joseph PrevratilMember

Jane NethertonMember

Jaimie PollackMember


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UNIVERSITYRELATIONS AND DEVELOPMENTEven with some major administrativechanges during 2005-06, UniversityRelations and Development had an-other successful year, bringing injust over $20 million.

CSULB’s support levels continuedto expand as 33,000-plus donors sup-ported the university this past year,with more than 11,000 alumni givingapproximately $4.6 million. The An-nual Fund also raised $1,140,000, ex-ceeding its goal.

“I feel we had an excellent year aswe are in preparation to launch ourcapital campaign,” said CSULBPresident F. King Alexander. “I amextremely happy to see that some ofthe gifts have had a major and im-mediate impact on the students ofthis university.”

Among those gifts were a pair fromGlen and Debbie Bickerstaff, whodonated $625,000 that went towardthe naming of The Bickerstaff Cen-ter for Student-Athlete AcademicServices and also will help with thenew construction of the “History of49er Athletics,” a permanent displayto be located on the concourse levelof The Walter Pyramid. A secondgift from the Bickerstaffs of $250,000will help fund the completion of thestudent-athlete strength and condi-tioning complex.

A $1 million donation by ProfessorEmeritus of English Arnold T.Schwab through a bequest will en-hance the University Library’s pro-

grams in support of teaching andlearning by creating and maintaininga new multi-functional facility thataddresses the needs of graduate stu-dents along with continuing his bookendowment. The Arnold T. SchwabGraduate Center within the Univer-sity Library is expected to incorpo-rate a number of computer workareas, collaborative group study areasequipped with connections to thecampus network, printers, scanners,and other equipment needed to sup-port the graduate program. Therewill be convenient space for graduatestudents to meet with colleagues andfaculty, to study and organize theirresearch materials, and compile andproduce reports and programs.

The library is also undergoing somemajor renovations, with changes re-sulting in a new and larger informa-tion commons student computing andreference facility, redesigned circula-tion desk, remodeled lobby area, Star-bucks Internet café, new publicrestrooms on the first and fifth floors,new ceiling and lighting on the mainfloor, electrical and cabling upgrades,new carpeting throughout, a largereading room on the fifth floor, agraduate study center, glass storefrontentries on the lower level and secondthrough fifth floors, departments ofchildren’s literature, special collec-tions and archives moved to moreconvenient locations, installation ofOnline Remote Collections Accessand an automated book retrieval sys-tem for 850,000 volumes.

The nursing program at CSULB, oneof the largest, most active and best inthe state, continues to be a leader inthe field. This past year, it receivedongoing substantial commitmentsfrom a variety of community support-

ers, including Long Beach MemorialMedical Center/ Miller Children’sHospital, Long Beach Veterans Ad-ministration Medical Center and HoagMemorial Hospital Presbyterian.

The Visiting Nurse Association ofLong Beach Foundation donatedmore than $175,000 to the program,with the funds dedicated to nursingstudent scholarships. In addition,CSULB’s Family Nurse PractitionerProgram was awarded a $139,411grant through the state’s Song-Brownprogram, which is administered bythe Office of Statewide Health Plan-ning and Development. It was one of12 grants worth $1.35 million an-nounced by California Gov. ArnoldSchwarzenegger to support health-care workforce training programs,specifically to provide support fund-ing to family practice, family nursepractitioner and physician assistanttraining programs. Also, part of thegrant will help provide students withcoursework in Spanish for healthcareprofessionals, to help non-Spanishspeaking students communicate withpatients in predominately Spanish-speaking facilities.

One of the larger gifts CSULB re-ceived was a $500,000 grant from theW. M. Keck Foundation to establishand support a new Center for Educa-tion in Proteomic Analysis—the firstof its type in the California StateUni versity system. The grant, togetherwith additional CSULB funds, helpedpurchase a suite of instruments thatincluded a Perkin-Elmer prOTOF2000 matrix-assisted laser desorptionionization orthogonal time of flightmass spectrometer. Also, the Free-man Foundation awarded CSULB’sDepartment of Asian and AsianAmerican Studies $601,312, which


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included a two-year, $368,158 grantfor a project that will work to addressthe urgent need for credentialed Chi-nese language teachers in Californiaschools.

Among the additional donations re-ceived in the amounts of $100,000 ormore to support a variety of areas include the Edge of Excellence pro-gram, the Department of Music, Col-lege of Engineering, and the Centerfor International Business Education.

Nursing students in the Long Beach Memo-rial Medical Center’s training lab performCPR on the Human Patient simulator.

The renovated University Library will in-clude innovative features such as an auto-mated book retrieval system for 850,000volumes and a Starbucks Internet cafe.

President F. King Alexander thanksDebbie and Glen Bickerstaff for theirsupport of 49er Athletics.

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OFFICE OFUNIVERSITYRESEARCH

Working closely with the Foundation,the Office of University Research(OUR) provides support for the uni-versity and its auxiliaries for grantand contract pre-award processes.Such activities as advising faculty,staff and administrators of grant andcontract opportunities; assisting pro-posal applicants with preparing andforwarding their funding proposals;and overseeing campus-approvedgrant and contract clearance proce-dures, are part of the Office’s charge.

In addition, the Office providesoversight for most research compli-ance activities, including experimen-tal subjects’ protocols, intellectualproperty and technology transfer, andconflict of interest filings with respectto grant and contract submittals. TheOffice also manages the internalgrants programs for faculty involvedin research, including the ConferenceGrants and Scholarly and CreativeActivities Awards (SCAA) programs.As well, the Office works with vari-ous offices on campus, among themGovernmental Relations, UniversityRelations and Development, and theFaculty Center for Professional Development, to offer grant writinginstitutes and other professional development opportunities to uni-versity researchers.

Last year was again a very productive and energizing year, with signal growthin internal capacity for faculty research and creative activities, as well as re-ceipt of a significant number of external grants and contracts. We experi-enced our second highest total ($44 million) of grants and contracts receivedin CSULB’s history. The university continued its system leadership in sup-port for internal grants for faculty researchers (including conference travel),thereby building capacity for faculty scholarly accomplishments. One of theunderlying tenets of the OUR’s operation is its reliance on partnerships tocarry out its mission. Some of the effective partnership activities this pastyear include:

• In partnership with the Faculty Center for Professional Development, theOffice continued its programming of successful scholarly and grant writing,SCAA preparation and grant management institutes for faculty and staff researchers, assisting more than 100 scholars at events held in January, June,September and November 2006.

• In partnership with the CSULB Foundation, University College and Ex-tension Services, and Governmental Relations, the Office worked closelywith faculty and staff researchers participating in campus projects requiringlegislative support. Programs such as CCDoTT, METRANS, Strategic Mo-bility 21 and Strategic Language Initiatives are signal achievements ofCSULB’s faculty and staff principal investigators, and bring the universityand its auxiliary organizations national acclaim.

• In partnership with faculty and staff from the Divisions of Academic Affairsand Student Services, the Office played an instrumental role in preparing asuccessful application as a Hispanic Serving Institution (HSI). The U.S.Department of Education Title V – Individual Development Grants programawarded a five-year, $2.8 million grant to CSULB to increase Latino studentand institutional success through enhanced advisement and learning assis-tance support, faculty and staff professional development, and institutionaldata analysis. This campus-based project links with our existing Title V –HSI collaborative grant held with Long Beach City College. The latter proj-ect provides programs and services to improve students’ success in mathe-matics, sciences and English, and increase the transfer rates of students fromLBCC to CSULB.

• In partnership with faculty, staff and administrative principal investigators,and benefiting from highly positive interactions with the academic colleges,CSULB Foundation grants and contracts administration, and University Re-lations and Development personnel, the Office processed an all-time high of330 external grant or contract proposal clearances and close to 330 internalgrant clearances for the competitive SCAA program.


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In addition to the funded programs previously cited, the following externallyfunded projects give an expanded view of the breadth of excellent scholarly,teaching and service work undertaken at CSULB. Along with the directpositive impact of these efforts on CSULB’s teaching programs, as well asstudent success and employment, much of this scholarship and service isdirectly applicable to community interests on a local, national, or evenglobal scale.

• Professors Douglas McAbee and Andrew Z. Mason of the College of NaturalSciences and Mathematics received $500,000 from the Keck Foundationto establish a cutting-edge proteomics education facility: the Center forEducation in Proteomic Analysis (CEPA). The instrumentation funded bythe grant will provide CSULB students in life and physical sciences withaccess to research tools used at major biotechnology firms, preparing themwell for future careers and/or doctoral study.

• Professors Linda Symcox and Felipe Golez of the College of Educationreceived a $50,000 NCTAF/MetLife Foundation Planning Grant to beginestablishment of an Urban Teaching Academy (UTA) at CSULB. Building onexisting partnerships with Long Beach area schools that support the innovativeschool and research-based M.A. in Education (curriculum and instruction)program, the NCTAF award will broaden successful teacher professionaldevelopment initiatives for pre- and in-service teachers in urban, high-needsschools. The CSULB faculty team was one of only three in the nationawarded the highly prestigious grant.

• Professors Tim Xie and Arnold Kaminsky of the College of Liberal Artsreceived awards from the Freeman Foundation (Stowe, Vt.) for cultural andlanguage program development. The award to Dr. Xie ($368,158; “Addressingthe Need for Qualified Chinese Teachers in the Schools”) will supportdevelopment of a Chinese language teaching credential program at CSULBand enhancement of Chinese language instruction at area high schools andmiddle schools. Dr. Kaminsky received a $233,153 award to create a “NationalCenter for Asia in Teacher Preparation.” Through this award, intensive summerinstitutes will be offered to faculty involved in teacher preparation, with afocus on Asia-related history and culture.

• Professors Chi-Ah Chun and John Jung of the College of Liberal Arts wereawarded a renewal of their grant from the National Institute of Mental Healthfor the Department of Psychology’s Minority Research Infrastructure Support(MRISP) program. This three-year, $1.3 million grant will support training andmentoring for junior CSULB faculty in psychology and anthropology, as well asresearch projects on stress and coping strategies by specific groups.

Elizabeth L. Ambos,Associate Vice Presidentfor Research andExternal Support

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CSULB TECHNOLOGY PARK

The CSULB Technology Park is fullyleased in 2006. Five new flex-techbuildings have now been completedat the site, totaling over 264,000square feet. Phase 2, completed in2005, consisted of two new buildingstotaling 84,319 square feet. Our49,775-square-foot building in Phase2 has been leased to Corinthian Col-leges, Inc. for their automotive tech-nologies training facility. The otherPhase 2 building, which has 34,544square feet, was leased to the Gen-eral Services Administration for anew U.S. Customs facility associatedwith the Port of Long Beach.

Plans for Phase 3, a service-oriented30,000-square-foot retail center, arein the entitlement process at the Cityof Long Beach. These new retail facilities will provide much needed

services to the project and the localcommunity. These new retail serv-ices are essential for attracting moretechnology-oriented tenants to oursite. Lastly, a ground lease is in finalnegotiations for Phase 4, an 80,000-square-foot flex-tech building.

The initial phase of 180,000 squarefeet of new buildings, targeted toprivate industry tenants, was com-pleted in 2003. These buildings rep-resent an $8.3 million initial phase ofdevelopment, undertaken by WattCommercial Properties, a private de-veloper who has ground leased eightacres of the 30-acre site. The firstprivate industry tenant to lease abuilding in the first phase wasCorinthian Colleges, Inc. Their Na-tional Institute of Technology facil-ity provides technical trainingprograms in a 42,712-square-footbuilding, which they have leased for10 years with options to renew. Asecond Phase 1 building of 25,390square feet was leased to Wartsila

The mission of the CSULB Tech-nology Park is to:

Promote linkage between light man-ufacturing, technology and research-related private industry tenants andthe university community.

Promote interactive educational andresearch opportunities for CaliforniaState University, Long Beach, thelocal community and industry ten-ants.

Provide financial returns, which canbe used to further the mission ofCalifornia State University, LongBeach.

Aid in economic development of thegreater Long Beach metropolitanarea and the State of California.

Mo TidemanisDirector of Real Estate

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EXISTINGBUILDING 1/2

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EXISTINGBUILDING 3/4

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North America, Inc. This companyis headquartered in Finland and isthe world’s second largest manufac-turer of marine power systems. Thelargest building at the site, at 104,000square feet, was re-leased to Exel,Inc. in 2006.

Two existing renovated buildingstotaling 11,800 square feet are alsoleased. Cole Vocational Services op-erates a vocational school at the site.Exteq has also leased space for elec-tronic components assembly. A leaseis now in final negotiations with theLong Beach Unified School Districtfor the remaining 7,250 square feet ofspace. These existing renovated build-ings will be vacated and demolishedin 2007 to make way for the thirdand fourth phases of development.

The CSULB Foundation has initi-ated an active marketing campaignto attract both private industry andgovernmental users to the new facili-ties under development at the site.

The CSULB Technology Park is be-ing marketed to potential tenants bythe marketing team of Cushman &Wakefield of California, Inc., WattCommercial Properties, Verizon, theCity of Long Beach and the CSULBFoundation. The Foundation hassigned an agreement with Verizon tomake the CSULB Technology Parka Verizon Smart Park. A substantialinvestment in the site by Verizonhas brought state-of-the-art telecom-munications to the project. Privateindustry tenants locating at this sitewill also realize substantial tax bene-fits of an Empowerment Zone.

The CSULB Foundation took titleto 30 acres of the former NavalHousing Cabrillo site in west LongBeach in 1996. This property trans-fer was intended to help the LongBeach economy create jobs and re-cover from the severe economic im-pact of several naval facilitiesclosures. The property was formallydeeded to the CSULB Foundation

via the U.S. Navy’s first EconomicDevelopment Conveyance nation-wide. In 1998, redevelopment beganwith demolition of the former navalhousing at the site. To date, theCSULB Technology Park has re-ceived $5.4 million in defense con-version grant funding from the U.S.Department of Commerce, Eco-nomic Development Administration(EDA). The California Trade andCommerce Agency has also provided$600,000 in Defense AdjustmentMatching Grant funding to the proj-ect. With EDA grant funding, demo-lition and abatement have beencompleted. Major infrastructurework, including sewer, water, stormdrain and street improvements, hasnow been completed, creating build-able, finished lots. Undergroundingof electrical power and telecommu-nications, along with landscaping,fencing and monumentation, willcomplete the CSULB Foundation’sEDA grant funded site improvements.

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EXISTINGBUILDING 5

25,390 SF

BUILDING 7 49,775 SF

EXISTING PARKING LOT




FASTFOOD

3,000 SF

FASTFOOD

3,500 SF

Rendering courtesy of Perkowitz & Ruth, Architects

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CSULB FOUNDATIONCELEBRATES ITS 50TH ANNIVERSARY

In the 1950s, the fledgling LongBeach State College needed a mech-anism to handle gifts, scholarshipsand research funds from outsidesources, so in October 1956, the cam-pus incorporated its non-profit Foun-dation to manage these obligations.

Even into the early 1980s, the Foun-dation was a relatively small opera-tion because the CSU systemreceived most of its money from thestate. In its first three years, it over-saw $54,450 in grants for 12 projects,

including purchasing an electron mi-croscope and providing faculty withfunds to obtain microfilmed docu-ments from other institutions. It alsoperformed much of the 49er Shops’bookkeeping until the early 1960s.Over the decades, the Foundation’sgrant activity grew from $257,539 in1965 to nearly $6 million by 1985. Asthe university evolved, so did theFoundation’s mission of supportingand engaging in research, entrepre-neurship, community service, spon-sored programs and acquiring privateresources.

However, increasing budget strainscaused by Proposition 13 began toseriously affect the CSU system’sbudget. The state began to encourageCSU campuses to supplement theirbudgets through additional outsidefunding from donors, grants, contractsand other entrepreneurial activities.This new emphasis expanded therole of the CSULB Foundation tomanage the business processes andincome from non-state funds.

For example, former CSULB Presi-dent Stephen Horn used private do-nations to help build the Earl BurnsMiller Japanese Garden, develop theIsabel Patterson Child DevelopmentCenter and enhance the many pro-grams important to CSULB’s growthinto a world-class university.

The Foundation has handed onleadership from its first chair, LongBeach State President Victor Peter-son, to the direction of Howard Still,John Beljan, Sharon Salcido, SandraVanderHeyden and now current Ex-ecutive Director Robert Behm. Withtheir guidance, the Foundation hasexplored the three major sources ofprivate donations—the companiesand individuals that benefit from theskills of CSULB faculty and gradu-ates, and individuals who wish to en-dow projects and buildings for theuniversity because they believe inits mission.

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50th Anniversary


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The Foundation points with pride toits many thriving projects such asthe National Council of La Raza-CSULB Center for CommunityLatino Health, Evaluation andLeadership Training, establishedwith the help of a $496,000 appropri-ation from the Congressional His-panic Caucus; and support for thelandmark research by marine biologyProfessor Christopher Lowe, includ-ing one of his latest efforts fundedby a $91,000 grant from the Califor-nia Sea Grant programs to examinehow fish movements can influencethe size and location of marine re-serve boundaries.

Another crown to the Foundation’sfirst 50 years is the CaliforniaLaunch Vehicle Education Initiative(CALVEIN), a partnership programdirected by engineering ProfessorEric Besnard with the Long Beach-based Garvey Spacecraft Corp. andother corporate and university col-laborators to help prepare the nextgeneration of aerospace engineers.

As it begins its 51st year, the Founda-tion’s financial condition is strongerthan ever. Providing quality serviceand supporting CSULB’s faculty,staff, students and donor communitycontinue to be the Foundation’s cor-nerstones.

Other growing initiatives include theJames Ackerman Center for Com-mercial Deployment for Transporta-tion Technologies (CCDOT),named for the internationallyrenowned maritime lawyer and theCSULB Technology Park officecomplex in west Long Beach. Theuniversity began moving in yet anew direction during the past yearwith the development of TruePointSystems Inc., its first collaborativetechnology transfer startup venture.CSULB support levels continue toexpand. During the past seven years,the university raised over $182 mil-lion, including more than $4.6 mil-lion given to the university fromover 11,000 alumni in the 2005-06fiscal year.

Clockwise from below is CSULB marinebiologist Chris Lowe; the NCLR/CSULBLatino Center’s Britt Rios-Ellis (center)demonstrating infant care; Prospector 6rocket at launch in 2005; Isabel Patter-son with children from the Child Devel-opment Center; benefactors Earl andLorraine Miller and the Japanese Gar-den in its early stages in 1981.

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Anew Center for Education inProteomic Analysis (CEPA)—the first of its type in the

California State University system—has being established at CSULB witha $500,000 grant from the W. M.Keck Foundation. CEPA providesstudents and faculty throughout the

CSU system with access to astate-of-the-art proteomicsfacility for both research andinstruction. It is part ofCSULB’s Institute for Inte-grated Research on Materi-als, Environment andSociety (IIRMES), an inter-disciplinary research centerdeveloped by the univer-sity’s Colleges of NaturalSciences and Mathematics(CNSM) and Liberal Arts.Faculty and students from

biology, chemistry, biochemistry,geology, physics and astronomy, aswell as geography and anthropologyutilize its sophisticated array ofequipment, funded largely by theNational Science Foundation, theuniversity and other organizationssuch as the W. M. Keck Foundation.

The W. M. Keck Foundation grant,together with CSULB funds, helpedpurchase a suite of instruments todevelop CEPA that includes anApplied Biosystems 4800 MatrixAssisted Laser Desorption Ioniza-tion, tandem Time of Flight MassSpectrometer, as well as to hire astaff technician. The mass spectrom-eter is used to analyze large biomol-ecules, including changes in aminoacid compositions of mutant or engi-neered proteins. Proteins performessential roles in all biologicalprocesses, and proteomics is the studyof some or all of the thousands of dif-ferent proteins contained within an

KECK FOUNDATION GRANT

HELPS ESTABLISH

CENTER FOR EDUCATION

IN PROTEOMIC ANALYSIS


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organism, tissue or cell. Throughproteomic analysis, scientists seek tounderstand how function correlateswith the complete protein composi-tion of a biological system undernormal or diseased states.

Douglas McAbee, chair of theDepartment of Chemistry and Bio-chemistry, and Andrew Z. Mason,professor of biological sciences andIIRMES director, were instrumen-tal in developing CEPA, now underthe direction of Dr. Ashraf Elamin.“Our mission as educators requiresus to inform students how techno-logical advances applied to ge-nomics, proteomics andbioinformatics have provided thepractical means to address funda-mental questions in the life sci-ences,” McAbee said. “The fairlyrecent advent of soft-ionization massspectrometry provides investigatorswith the technological means to an-swer crucial questions that previ-ously were impractical or impossibleto address.” He said that proteomicslabs are common at research institu-tions, “but these facilities are usedalmost exclusively for research appli-cations. What sets CEPA apart, webelieve, is its mission to train stu-dents in proteomic analysis.”

“It is important to stress that CEPAwill provide students and facultythroughout the CSU system with ac-cess to a state-of-the-art proteomicsfacility for both research and instruc-tion,” McAbee added. “This is under-scored by the fact that the proposalfunded by the W.M. Keck Founda-tion listed 15 senior investigatorsfrom several CSU campuses, wassupported by the Strategic PlanningCouncil of CSUPERB (CaliforniaState University Program for Educa-

tion and Research in Biotech nology),and outlined instructional applica-tions of the facility for courses andworkshops for students at the highschool, undergraduate and M.S. level.”

“Our college views student-facultyresearch as a proven and effectivemeans to prepare and motivateyoung scientists,” said CNSM DeanLaura Kingsford. “Student participa-tion is enriching and vital for theirgrowth as scientists. We are highlycommitted to supporting facultymembers in their research and, assuch, put a high priority on providingways to promote collaborations, sharemajor resources and acquire state-of-the-art technologies. The establish-ment of CEPA will add another veryimportant dimension to the trainingand research capabilities for studentsand faculty in this college andthroughout the CSU system.”

“Because theory should not be di-vorced from practice, we must alsoequip students with the practicalskills in the use of the latest tech-nologies so that we can provide atrained, educated workforce forbiotechnological industries and theemployment demands of the nextdecade,” Mason said. “The CSU sys-tem has an excellent reputation forproducing graduates with practical,hands-on laboratory experience, andemployers have always commentedthat the CSU produces students whoare every bit as good, and often bet-ter than, those graduating from theUC system. This is in part becauseof our emphasis on laboratory classesand undergraduate research.”

IIRMES also houses the CSUPERBCore Facility for Elemental Micro-Chemical Analysis (FEMCA).

By sharing equipment and expertise,CSUPERB core facilities located atseveral CSU campuses provide edu-cators, researchers and students,both in the CSU and elsewhere,with a variety of fee-based analyticalservices. CEPA, once fully opera-tional, will become part of FEMCA.

Surveys by the National ScienceFoundation and other governmentagencies rate CSULB among the topmaster’s universities in the numberof graduates who go on to earn doc-toral degrees. U.S.News and WorldReport ranks CSULB third amongpublic western master’s universitiesfor overall quality.

Based in Los Angeles, the W. M. KeckFoundation was established in 1954by the late W. M. Keck, founder ofthe Superior Oil Company. TheFoundation’s grant making is focusedprimarily on pioneering efforts in theareas of medical research, scienceand engineering. The Foundationalso maintains a program to supportundergraduate science and humani-ties education and a Southern Cali-fornia Grant Program that providessupport in the areas of health care,civic and community services, edu-cation and the arts, with a specialemphasis on children.

Additional information is available atwww.csulb.edu/programs/iirmes.

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THE MISSINGPIECE OF

THE PUZZLE

For several years, educators inCalifornia and throughout theUnited States have conducted

studies documenting the develop-ment of bilingual children’s languageand literacy competency, in the hopesof improving educational programsfor Spanish-speaking immigrant stu-dents. While these studies have beenhelpful, there seems to be a missingpart of the puzzle: How do thesestudies compare to literacy develop-ment among children who are mono-lingual speakers of Spanish in México?CSULB teacher education professorLeslie Reese hopes to find out.

In 2005, the CSULB College ofEducation was awarded a four-year,$1.975 million grant by the NationalInstitute of Child Health and HumanDevelopment (NICHD) for a projectthat explores factors potentially influ-encing literacy development amongSpanish-speaking children in México.

Titled “Language and LiteracyDevelopment among Mexican Chil-dren,” the project specifically looksfor indicators that might differenti-ate the development of reading andrelated skills in English and Spanish.Among those factors are syllabic andphonemic awareness, family literacypractices including the traditionalpractice of storytelling, and access toliteracy resources in the community.

“The objective of the project is tostudy language and literacy develop-ment among 600 children in grades 1through 3 in México,” said Reese,co-principal investigator for the proj-ect. “We hope it will allow us to ud-erstand more about the developmentof language and literacy skills in acultural and linguistic context that issubstantially different from that ofthe United States.”

The project is a collaborative effortwith CSULB as the lead institution.Among the other partners is the Uni-versity of Houston, Temple Univer-sity and the Instituto Tecnológico deEstudios Superiores del Oeste, orITESO, a private Jesuit university inGuadalajara, México.

This new project is complementaryto another program CSULB has beeninvolved with for about six years. Inthe original project, which again in-cludes the University of Houstonand Temple University, researchershave been looking at language and

literacy development in both lan-guages (English and Spanish) amongSpanish-speaking children in theUnited States, studying children atsites in California and Texas.

“In the U.S.-based project, we’vebeen looking at school, home andcommunity factors and how all ofthose things influence Spanish-speaking children’s language and lit-eracy development here, but wewere very interested in studying thesame set of issues with the same setof measures among Spanish-speakingchildren who are in a completelySpanish-speaking environment,”Reese explained. “To our knowl-edge, that has not been done yet.”

The project entails sampling studentsfrom four public schools in threecommunities with different contextsin the metropolitan area of Guadala-jara, México: a predominantly workingclass area with indigenous culturalinfluences; a mixed working andmiddle class community with a large


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percentage of the population withfamily ties to the U.S.; and a pre-dominantly middle class community.Children’s language and literacy skillsare being assessed at the beginningand end of each year of the four-yearstudy, and there are observers in theclassrooms five times each year—three times with coded observationprotocols used in the U.S. studiesand twice with ethnographic proto-cols designed to identify features ofMexican classrooms that pre-codedprotocols might not assess.

“In terms of measurement, I thinkthis study is going to help advancethe field of education for those chil-

dren whose first language is Span-ish,” Reese pointed out. “What wehave done up to this point, we haveassessed the children in English us-ing English norms, and we have as-sessed the children in Spanish usingSpanish norms. We treat it as if thechildren have two languages that wecan assess separately, but when chil-dren are growing up with two lan-guages, growing up bilingually, it’sdifferent.

“They may have some concepts thatthey can express in one language,some concepts that they can expressin the other language, and some thatcan be expressed in both languages,”she added. “And the Spanish that isused in bilingual settings in this

country most likely differs in someways from the Spanish used on stan-dard vocabulary measures.”

College of Education AssociateDean Claude Goldenberg, the pro-ject’s principal investigator and exec-utive director of the Center forLanguage Minority Education andResearch (CLMER), which engagesin activities to promote equity, ex-cellence and justice in schools andsociety, is excited about the poten-tial results of the study. “HelpingLatino children achieve well in U.S.schools has been a challenge. Thisstudy will help us understand whatteachers in México do that helpschildren there, and that might alsohelp children here.”

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FINANCE AND ACCOUNTING, CHARITABLE GIFTSAND INVESTMENTS, INFORMATION SYSTEMS

The overall financial position of the California State University, Long BeachFoundation remained strong during fiscal year 2005-06, reaching $99.6 mil-lion in total assets. Net assets reached $76.8 million, an increase of $7.2 mil-lion. Total investment funds under management reached $55 million. InApril 2006, the Foundation changed its investing approach from using multi-ple investment managers to a well-diversified portfolio of mutual funds.

Emeriti faculty, staff, alumni and friends of the university continue their sup-port by utilizing different gift vehicles, such as charitable remainder trusts,gift annuities, living trusts and wills. Online giving grew greatly during thepast year, from 39 online donations in 2005 to 142 in 2006, an increase of 264percent. We see this area continuing to increase as more donors becomeaware of this convenient service.

During fiscal year 2005-06, Foundation staff made notable advances in thearea of information technology. The Foundation’s website was redesignedwith the campus template to provide a consistent look with the CSULBwebsite. Also, various systems were upgraded to improve productivity andreliability. As an example, the posting of payroll was reduced from 5 to 1.5hours because of a new system installation.

The planned fiscal year-end and financial audit processes were completed onschedule.

The Foundation underwent its triennial audit by the Chancellor’s Officewith only a few minor recommendations. Finally, there were no managementletter comments from the independent certified public accounting firm thatperformed the annual audit for fiscal year 2005-06.

Alan RayChief Financial Officer

HUMAN RESOURCES, PAYROLL AND BENEFITS,PROPERTY MANAGEMENT

We continually seek new ways to improve and enhance our organization.This year, the organizational structure of some departments was modified toincrease work flow efficiency. One such example was moving the Payroll De-partment under the same umbrella as Human Resources. The employeebenefits function was aligned with payroll to create the new Department ofPayroll and Benefits Services.

As with most employers, information and data security are ongoing concerns.In our continuing efforts to minimize the risk of identity theft and to complywith federal and state regulations, the Foundation transitioned from using so-cial security numbers to campus identification numbers as the primary refer-ence for employees. Both the human resources and the payroll systems wereupgraded to accomplish this change, as were numerous forms and the Foun-dation website.

In 2005, a new state law, AB 1825, required employers to provide at least twohours of effective training to all supervisory employees on the prevention ofsexual harassment, discrimination and retaliation. By the end of 2005, theFoundation had met this new requirement and will provide ongoing supervi-sory training on this topic as prescribed by the law.

The Foundation began offering its employees the option of enrolling in aflexible spending account (FSA) in 1994. The FSA allows employees to con-tribute pre-tax dollars into an account that the employee can use to covernon-reimbursed medical and childcare expenses. As required by federal law,any unused funds in an employee’s account at the end of the calendar yearare forfeited. Recent changes in the laws for FSAs now allow employers toextend the end date beyond the end of the calendar year. Accordingly, Foun-dation employees now have two and one-half months into the new calendaryear to use funds from the prior year.

This year, a newly enacted state law, AB 720, requires that all CSU campusesclose in observance of Veterans Day. Beginning in 2006, the Foundation willalso close on Nov. 11 to honor the service and sacrifice of U.S. veterans.

Occupancy in the Foundation building remained full. In response to numerousinquiries to lease space, the Foundation has undertaken an exploration of pos-sible ways to meet space needs for Foundation projects and for the university.

The State of California recently adopted a Common Lease and Building Ac-quisition Policy. This policy establishes a uniform, common, seismic safetystandard for newly leased and newly acquired buildings. This uniform policyapplies to the California State University and its auxiliary organizations. Ac-cordingly, the Foundation will undertake a review of all current leased prop-erty to ensure compliance with the policy.

Brian M. NowlinAssociate ExecutiveDirector


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20


GRANTS, CONTRACTS AND FOUNDATIONPROGRAMS

For fiscal year 2006, which ended June 30, the Foundation received awardstotaling $44 million. Several multiple-year awards have contributed to theincrease in award volume, including a four-year SCORE grant from theNational Institutes for Health awarded to the College of Natural Sciencesand Mathematics; a three-year Title IV-E social work agreement from LosAngeles County, Department of Children and Family Services; and two largeU.S. Department of Education awards for Student Services, the CollegeAssistance Migrant Program and Student Support Services.

During the year, the Foundation returned over $1.1 million of the recoveredfacilities and administrative (F&A) costs to the college deans, departmentchairs, centers and faculty who were involved in sponsored research. Thereturn of such a significant portion of the Foundation’s recovered F&A costshas been essential to the continued development of research and sponsoredproject activity throughout the university. The $1.1 million returned to thecampus represents nearly 30 percent of the total F&A costs recovered on allsponsored projects during the year. This distribution amount is up over theprevious fiscal year due to a steady increase in our overall effective F&Arecovery rate. The increase is a direct result of the Foundation and Officeof University Research working together to increase faculty and sponsoringagencies awareness of the importance of this rate to the overall vitality of theuniversity’s research infrastructure.

Maintaining focus on continuous improvement in the Foundation, we workedon several projects throughout the year, including: implementation of a neweffort reporting system, which is a federal requirement and an important partof our overall post-award compliance program; the first Grants ManagementInstitute (GMI), in coordination with the Office of University Research,which was held in the spring of 2006 and provides an overview of the transi-tion from pre- to post-award administration, covers the basics of post-awardadministration, and is designed for faculty and staff new to externally spon-sored project administration and for those considering submitting proposals;and the rollout of a true web-based reporting tool, with beta testing antici-pated in fall 2006 and full implementation by spring 2007.

The awards received during fiscal year 2006 are representative of the hardwork and dedication of the Office of University Research and the Foundation,and most importantly, the diverse expertise, knowledge and ability of ourfaculty to develop excellent proposals for some very important research andsponsored activities. Fiscal year 2007 promises to be another good year asproposals and awards continue in an upward trend.

Sue DeRosaAssociate Executive Director


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Academic Affairs $ 585,093

(26.4%)

President’s Office $ 1,527,321

(68.9%)

Administrationand Finance(9%)

Healthand HumanServices(35%)

NaturalSciencesand Mathematics(21%)

StudentServices(11%)

LiberalArts(9%) Engineering

(7%)

Education (5%)

Art (0%)Business (0%)

All Others $ 104,677 (4.7%)

UCES (2%)AcademicAffairs(1%)

The above financial statements were audited by Windes & McClaughry Accountancy Corporation. The full set of audited financial statements is available upon request.


23

STATEMENT OF NET ASSETSASSETS

JUNE 30, 2006 2005

CURRENT ASSETSCash and cash equivalents $ 1,626,721 $ 3,753,431Short-term investments 22,324,773 21,593,489Accounts receivable, net 10,404,972 8,012,978Pledges receivable, net 1,078,851 811,005Prepaid expenses and other assets 87,820 215,401

35,523,137 34,386,304

NONCURRENT ASSETSAccounts receivable, net 7,046,643 7,048,661Pledges receivable, net 1,071,470 1,158,030Endowment investments 30,340,575 24,994,895Other long-term investments 2,686,179 2,926,187Capital assets, net 22,913,425 23,093,757

64,058,292 59,221,530

TOTAL ASSETS 99,581,429 93,607,834

LIABILITIESCURRENT LIABILITIES

Accounts payable 1,771,389 2,186,111Accrued salaries and benefits payable 1,530,223 1,714,825Accrued compensated absences 868,311 884,334Deferred revenue 4,551,644 4,735,609Long-term debt, current portion 280,000 265,000Other liabilities 7,824 7,824

9,009,391 9,793,703

NONCURRENT LIABILITIESDeferred revenue 1,037,007 1,291,691Long-term debt, net of current portion 9,460,000 9,740,000Other liabilities 3,265,912 3,226,779

13,762,919 14,258,470

TOTAL LIABILITIES 22,772,310 24,052,173

NET ASSETSNET ASSETS

Invested in capital assets, net of related debt 13,173,425 13,088,757Restricted for:

Nonexpendable – endowments 26,533,054 26,190,422Expendable:

Scholarships and fellowships 3,109,689 2,891,618Research 3,526,209 3,218,272Other 28,242,242 22,726,642

Unrestricted 2,224,500 1,439,950

TOTAL NET ASSETS $ 76,809,119 $ 69,555,661

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS

For the Year Ended JUNE 30, 2006 2005

REVENUESOperating Revenues:

Grants and contracts, noncapital:Federal $ 19,622,111 $ 21,299,038State and local 6,586,474 3,919,661Non-governmental 3,062,878 1,715,954

Sales and services of auxiliary enterprises 2,134,050 1,782,903Other operating revenues 12,107,225 11,819,075

43,512,738 40,536,631

EXPENSESOperating Expenses:

Instruction 13,245,431 11,713,418Research 7,768,276 8,347,959Public service 4,347,360 5,495,307Academic support 3,655,775 3,621,750Student services 7,273,580 7,087,806Institutional support 7,525,325 7,996,373Student grants and scholarships 2,217,091 2,051,843Auxiliary enterprise expenses 1,484,933 1,524,076Depreciation and amortization 414,756 476,545

47,932,527 48,315,077

OPERATING LOSS ( 4,419,789) ( 7,778,446)

NONOPERATING REVENUES (EXPENSES)Gifts, noncapital 5,920,076 9,916,946Investment income net 4,659,113 5,151,517Endowment income net 98,026 66,771Other nonoperating expense ( 740,634) ( 436,942)

9,936,581 14,698,292

INCOME BEFORE OTHER REVENUES, EXPENSES,GAINS OR LOSSES 5,516,792 6,919,846

ADDITIONS TO PERMANENT ENDOWMENTS 1,769,521 1,509,995

LOSS ON DISPOSAL OF ASSETS (_________32,855)

INCREASE IN NET ASSETS 7,253,458 8,429,841

NET ASSETS AT BEGINNING OF YEAR 69,555,661 61,125,820

NET ASSETS AT END OF YEAR $ 76,809,119 $ 69,555,661


24


STATEMENT OF CASH FLOWS


CASH FLOWS FROM OPERATING ACTIVITIESFederal grants and contracts $ 16,245,301 $ 21,307,312State grants and contracts 6,586,474 3,919,661Non-governmental grants and contracts 3,062,878 1,715,954Payments to suppliers ( 26,539,896) ( 24,121,181)Payments to employees ( 19,703,738) ( 20,597,003)Payments to students ( 1,746,092) ( 2,051,843)Sales and services of auxiliary enterprises 2,210,098 1,520,439Other receipts net 12,398,074 8,773,926

Net Cash Used In Operating Activities ( 7,486,901) ( 9,532,735)

CASH FLOWS FROM NONCAPITAL FINANCINGACTIVITIESGifts and grants received for other than

capital purposes 5,920,076 9,916,946Other ( 717,310) ( 353,751)

Net Cash Provided By NoncapitalFinancing Activities 5,202,766 9,563,195

CASH FLOWS FROM CAPITAL AND RELATEDFINANCING ACTIVITIESAcquisition of capital assets ( 267,278) ( 236,604)Principal paid on capital debt and lease ( 265,000) ( 430,000)

Net Cash Used In Capital and RelatedFinancing Activities ( 532,278) ( 666,604)

CASH FLOWS FROM INVESTING ACTIVITIESProceeds from sales and maturities of investments 63,326,524 11,078,208Investment gains, net 4,659,113 5,151,517Endowment income, net 98,026 66,771Additions to permanent endowments 1,769,521 1,509,995Purchase of investments ( 69,163,481) ( 16,648,573)

Net Cash Provided By Investing Activities 689,703 1,157,918

NET CHANGE IN CASH AND CASH EQUIVALENTS ( 2,126,710) 521,774

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 3,753,431 3,231,657

CASH AND CASH EQUIVALENTS AT END OF YEAR $ 1,626,721 $ 3,753,431



25

STATEMENT OF CASH FLOWS(Continued)


RECONCILIATION OF NET OPERATING LOSS TO NETCASH USED IN OPERATING ACTIVITIES:Operating loss ( $ 4,419,789) ( $ 7,778,446)Adjustments to reconcile operating loss to net cashused in operating activities:

Depreciation and amortization 414,756 476,545Change in assets and liabilities

Accounts and pledges receivable, net ( 2,571,262) ( 3,629,847)Prepaid expenses and other assets 127,581 161,821Accounts payable ( 414,722) 429,869Accrued salaries and benefits payable ( 184,602) 371,960Accrued compensated absences ( 16,023) ( 10,945)Deferred revenue ( 438,649) 330,508Other liabilities 15,809 115,800

Net Cash Used In Operating Activities ( $ 7,486,901) ( $ 9,532,735)


26


NOTE 1 – Statement of Significant Accounting Policies

Organization

The California State University, Long Beach Foundation (Foundation) is a nonprofit, tax-exempt corporation, incorporated in thestate of California on October 3, 1956. The Foundation is organized to administer grants from governmental and private agen-cies for research and other activities related to the programs of California State University, Long Beach (the University), and toaccept donations, gifts and bequests for any University-related use. The Foundation is a direct support organization and compo-nent of the University.

Basis of Presentation

The financial statements have been prepared in accordance with accounting principles generally accepted in the United Statesof America, as prescribed by the Governmental Accounting Standards Board (GASB).

The accompanying financial statements have been prepared on the accrual basis. The Foundation reports as a Business TypeActivity and, accordingly, has reported its activities within a single column in the basic financial statements, as defined by GASBStatement No. 35, Basic Financial Statements – and Management’s Discussion and Analysis – for Public Colleges andUniversities. Business Type Activities are those that are financed in whole or in part by fees charged to external parties for goodsand services.

The Foundation’s policy for defining operating activities as reported on the statement of revenues, expenses, and changes in netassets are those that generally result from exchange transactions such as payments received for providing services and pay-ments made for services or goods received. Nearly all of the Foundation’s expenses are from exchange transactions. Certain sig-nificant revenue streams relied upon for operations are recorded as nonoperating revenues as defined by GASB Statement No.35, including gifts and investment income.

The Foundation has adopted GASB Statement No. 33, Accounting and Financial Reporting for Nonexchange Transactions, andGASB Statement No. 35, as amended by GASB Statements No. 37 and No. 38. GASB Statement No. 33 requires that uncondi-tional promises to give be recorded as receivables and revenues when the Foundation has met all applicable eligibility require-ments. This statement also requires that unspent cash advances received for sponsored programs be recorded as deferred rev-enue rather than as restricted expendable net assets. GASB Statement No. 35 established standards for external financialreporting for public colleges and universities and requires that resources be classified for accounting and reporting purposes intothe following four net asset categories:

Invested in capital assets, net of related debt

Capital assets, net of accumulated depreciation and outstanding principal balances of debt attributable to the acquisition, con-struction or improvement of those assets.

Restricted

Nonexpendable – Net assets subject to externally imposed stipulations that they be maintained permanently by theFoundation. Such assets include the Foundation’s permanent endowment funds.

Expendable – Net assets whose use by the Foundation is subject to externally imposed stipulations that can be fulfilledby actions of the Foundation pursuant to those stipulations or that expire by the passage of time.



27

NOTE 1 – Statement of Significant Accounting Policies (Continued)

Unrestricted

Net assets that are not subject to externally imposed stipulations. Unrestricted net assets may be designated for specific pur-poses by action of management or the Board of Directors or may otherwise be limited by contractual agreements with outsideparties. Substantially all unrestricted net assets are designated for any University-related use, which includes academic andresearch programs and initiatives, and capital programs.

Reporting Entity

The Foundation is an affiliated organization component unit of the University. As such, the Foundation’s financial data will beincluded in the financial statements of the University.

Use of Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements in accordance with accounting principles gener-ally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of assets and lia-bilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary fromthe estimates that were assumed in preparing the financial statements.

Cash and Cash Equivalents

The Foundation considers all highly liquid, short-term investments purchased with an original maturity of three months or less tobe cash equivalents. The Foundation maintains cash with financial institutions in excess of federally insured limits.

Investments

The Foundation has adopted GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and forExternal Investment Pools. Under GASB Statement No. 31, investments in marketable securities with readily determinable fairvalues and all investments in debt securities are valued at their fair values in the statement of net assets. Unrealized gains andlosses are included in the change in net assets.

Accounts Receivable

Accounts receivable primarily consists of amounts due from the federal government, state and local governments, and privatesources in connection with reimbursement of allowable expenditures made pursuant to contracts and grants. Accounts receiv-able also includes charges for auxiliary enterprises’ sales and services.

Pledges Receivable

The Foundation receives pledges and bequests of financial support from corporations, foundations and individuals. Revenue isrecognized when a pledge representing an unconditional promise to pay is received and all eligibility requirements, including timerequirements, have been met. In the absence of such promise, revenue is recognized when the gift is received. Endowmentpledges do not meet eligibility requirements, as defined by GASB Statement No. 33, and are not recorded as assets until therelated gift is received. An allowance for uncollectible pledges receivable is provided based on management’s judgment ofpotential uncollectible amounts (approximately $357,000 and $456,000 at June 30, 2006 and 2005, respectively). The determi-nation includes such factors as prior collection history, type of gift, and nature of fund-raising.


28


NOTE 1 – Statement of Significant Accounting Policies (Continued)

Capital Assets

Fixed assets of the Foundation are stated at cost or, if acquired by gift, at estimated fair value at the date of donation. Majorrenewals and betterments are charged to fixed assets, while replacements, maintenance and repairs that do not improve orextend the life of the respective assets are currently expensed. Depreciation is charged on a straight-line basis over the lives ofthe assets, which range from five to forty years.

Collection Items and Works of Art

The Foundation’s collection items are made up of artifacts of historical significance and art objects that are held for educationalresearch and curatorial purposes. Each of the items is cataloged, preserved and cared for, and activities verifying their existenceand assessing their condition are performed continuously. Monies recovered from any collections that are sold must be used toacquire other items for collections.

Collection items acquired on or after July 1, 1996 are capitalized at cost, if the items were purchased, or at their appraised or fairmarket value on the accession date, if the items were contributed. The fair market value of donated collection items wasapproximately $11,000 and $26,000 for the years ended June 30, 2006 and 2005, respectively.

Deferred Revenue

Deferred revenue consists primarily of amounts received from grant and contract sponsors which have not yet been earnedunder the terms of the agreement, and lease payments received in advance from lessees on long-term leases.

Compensated Absences

Foundation employees accrue annual leave at rates based on length of service and job classification.

Classification of Revenues and Expenses

The Foundation considers operating revenues and expenses in the statement of revenues, expenses, and changes in net assetsto be those revenues and expenses that result from exchange transactions or from other activities that are connected directly tothe Foundation’s primary functions. Exchange transactions include charges for services rendered and the acquisition of goodsand services. Certain other transactions are reported as nonoperating revenues and expenses in accordance with GASBStatement 35. These nonoperating activities include net investment income, gifts (noncapital), endowments and interestexpense.

Income Taxes

The Foundation is tax-exempt under Internal Revenue Code Section 501(c)(3) for federal income taxes, as well as the relatedprovisions for state income tax purposes.



29

30


CREDITS

Annual Report CoordinatorBrian M. Nowlin

ContributorsF. King AlexanderElizabeth AmbosAnne Ambrose ’76. ’90Robert J. BehmToni Beron ’73Janna BersiSue DeRosaRick GloadyTeresa HagenRick manly ’75Brian M. NowlinAlan RayShayne SchroederMo Tidemanis

EditorTeresa Hagen

Art DirectorVictoria Waller ’78

PhotographersDavid J. Nelson ’71Victoria Sanchez

PrinterQueen Beach Printers, Inc.

Not Printed at State Expense

CSULB Foundation6300 State University Drive, Suite 332Long Beach, CA 90815-4670www.foundation.csulb.edu

California State University, Long Beach Foundation Equity and Diversity Statement:In addition to meeting fully its obligations of nondiscrimination under federal and state law, CSULB is committed to creating a community in which a diverse population can live, learn and work in an atmosphere of tolerance, civility and respect for the rights and sensibilities of each individual, without regard to economicstatus, ethnic background, veteran status, political views, sexual orientation or other personal characteristics or beliefs. An EEO/AA/Title IX Employer.

California State University, Long Beach Foundation6300 State University Drive, Long Beach, CA 90815-4670

www.foundation.csulb.edu

Documents

2005-06 ANNUAL REPORT - CSULB Research … annual report california state university, long beach founda tion 1956–2006 50th anniversary