Sonoma State Enterprises Inc in Rohnert Park, California (CA)

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Sonoma State Enterprises Inc
Employer Identification Number (EIN)942342146
Name of OrganizationSonoma State Enterprises Inc
Address1801 E Cotati Ave3, Rohnert Park, CA 94928-3613
ActivitiesStudent operated business
SubsectionReligious Organization
Ruling Date07/1976
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$15,904,386
Amount of Income$17,036,691
Form 990 Revenue Amount$10,063,239
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: University or Technological Institute


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Amount of income in 2014: $17,036,691 (it was $8,271,422 in 2013)
Sonoma State Enterprises Inc: 

 $17,036,691
Other organizations performing similar types of work: 

 $1,326,792

Assets in 2014: $15,904,386 (it was $14,799,433 in 2013)
This organization: 

 $15,904,386
Other organizations performing similar types of work: 

 $3,906,121

Expenses in 2014: $9,105,747
This organization: 

 $9,105,747
Other organizations performing similar types of work: 

 $627,863

Income to expenses ratio in 2014: 1.9
Sonoma State Enterprises Inc: 

 1.9
Other organizations performing similar types of work: 

 2.2

Grants share in income in 2014: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 38.7%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?NoNoNo
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoNoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNoYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYesNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096121215
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return000
Did the organization file all required federal employment tax returns?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0$0
Total reportable compensation from related organizations$1,187,552$1,246,019$1,271,669
Total estimated amount of other compensation from the organization and related organizations$288,588$341,913$390,662
Total number of individuals who received more than $100,000 of reportable compensation from the organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization020
Statement of Revenue
2011201220132014
Total revenue$7,761,573$8,324,810$8,271,422$10,063,239
Contributions, Gifts, Grants and Other Similar Amounts$0$0$0$0
Program Service Revenue$0$0$0$10,887
900099$0$0$10,887
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$339,580$363,546$381,464$116,680
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$1,588,599$1,005,555$1,383,078$1,278,550
Gross rents (Real / Personal)$1,588,599 / $0$1,005,555 / $0$1,383,078 / $0$1,278,550 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$1,588,599 / $0$1,005,555 / $0$1,383,078 / $0$1,278,550 / $0
Net gain/loss from sales of assets other than inventory$0$10,831$0$15,918
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0$155,661 / $0$0 / $0$3,900,000 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$144,830 / $0$0 / $0$3,883,717 / $365
Gain or (loss) (Securities / Other)$0 / $0$10,831 / $0$0 / $0$16,283 / $-365
Net income/loss from fundraising events$0$0$0$0
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$5,833,394$6,912,929$6,506,880$8,641,204
Gross sales of inventory, less returns and allowances$8,058,869$9,506,285$9,489,065$11,730,574
Less: cost of goods sold$2,225,475$2,593,356$2,982,185$3,089,370
Miscellaneous Revenue$0$31,949$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$6,743,094$7,928,656$7,805,059$9,105,747
Grants and other assistance to domestic organizations and domestic governments$1,718,980$700,449$90,000
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0$0
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$0$0$0$3,622,396
Pension plan accruals and contributions$0$0$396,385
Other employee benefits$0$0$596,347
Payroll taxes$0$0$0$151,064
Fees for services (non-employees)
Management$0$0$0
Legal$4,118$1,841$2,800
Accounting$24,000$25,140$27,150
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$0$0$132,404
Advertising and promotion$84,914$92,204$119,419
Office expenses$257,224$346,457$388,809
Information technology$229,764$232,377$366,548
Royalties$0$0$18,268
Occupancy$1,206,099$1,270,381$1,853,699
Travel$15,618$30,834$8,306
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$5,162$491$1,576
Interest$320,571$305,745$289,854
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$256,379$298,450$299,201
Insurance$96,574$96,944$98,223
Other expenses$2,219,163$2,555,125$407,487
Other expenses$768,426$882,181$119,433
Other expenses$348,699$363,812$116,378
Balance Sheet
2011201220132014
Total assets$14,172,332$14,311,284$14,799,433$15,904,386
Cash - non-interest-bearing$15,300$21,500$23,100
Savings and temporary cash investments$1,153,394$852,339$848,705
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$274,197$193,029$420,364
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$91,219$131,727$101,393
Prepaid expenses and deferred charges$67,667$12,145$8,000
Land, buildings, and equipment: cost or other basis$9,336,184$9,018,993$8,816,219
Investments - publicly traded securities$1,746,704$2,004,609$2,259,958
Investments - other securities$1,624,785$2,320,302$3,238,436
Investments - program-related$0$0$0
Intangible assets$0$0$188,211
Other assets$1,834$244,789$0
Total liabilities$5,222,569$4,956,465$4,780,481$4,712,369
Accounts payable and accrued expenses$250,946$276,926$402,275
Grants payable$0$0$0
Deferred revenue$256,000$275,179$318,752
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$4,655,836$4,449,519$4,228,376$3,991,342
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$8,949,763$9,354,819$10,018,952$11,192,017
Unrestricted net assets$0$0$0
Temporarily restricted net assets$0$0$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$9,167,634$9,684,858$10,880,242
Paid-in or capital surplus, or land, building, or equipment fund$187,185$334,094$311,775
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$44,332,093
Subtotal$44,332,093
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$44,332,093
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$51,168,902
Public support$44,332,093
Subtotal$6,836,809
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$6,704,960
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$131,849
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$246,508$0$246,508
Gross receipts or sales less returns and allowances$345,479$0$0
Cost of goods sold$98,971$0$0
Gross profit$246,508$0$246,508
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$211,671
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$211,671
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$34,837
Net operating loss deduction$34,837
Unrelated business taxable income before specific deduction$0
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Northern Michigan University Foundation1401 Presque Isle Ave 603 Cohodas, Marquette, MI 49855MI1969-09$44,734,231
2University Of Kansas Memorial1301 Jayhawk Blvd Rm 315, Lawrence, KS 66045-7593KS1929-11$40,153,610
3California State University East Bay Foundation Inc25800 Carlos Bee Blvd Sa 2600, Hayward, CA 94542-3000CA1965-06$27,030,729
4Winthrop University Foundation302 Tillman Hall, Rock Hill, SC 29733-0001SC1976-04$26,695,497
5University Of Montevallo FoundationStation 6215, Montevallo, AL 35115AL1979-08$23,763,734
6Humboldt State University Sponsored Programs FoundationSbs Bldg Rm 345 1 Harpst St, Arcata, CA 95521CA1952-02$19,051,214
7Stephen F Austin State University Alumni FoundationPO BOX 6096 SFA STATION, Nacogdoches, TX 75962-0001TX1971-06$17,726,041
8Sonoma State Enterprises Inc1801 E Cotati Ave3, Rohnert Park, CA 94928-3613CA1976-07$17,036,691
9David X Marks Foundation University AffairsSte Ugb 203, Los Angeles, CA 90089-0001CA1966-03$15,241,184
10University Union Operation Of Ca State Univ Sacramento6000 J St, Sacramento, CA 95819-2605CA1975-05$8,897,448
11Franciscan Shops1600 Holloway Ave, San Francisco, CA 94132-1722CA1956-05$4,148,579
12California State University Stanislaus Auxiliary & Business, Services1 University Cir, Turlock, CA 95382-3200CA1965-12$1,481,674
13Wave Enterprises Inc24255 Pacific Coast Highway, Malibu, CA 90263-4497CA1990-09$697,742
14Stanford Campus Residential Leaseholders Inc694 Alvarado Row, Stanford, CA 94305-8506CA1992-11$196,965
15Parents Club Of Stanford UniversityPO BOX 19444, Stanford, CA 94309-9444CA1946-08$129,272
16Wave Property Inc24255 Pacific Coast Highway, Malibu, CA 90263-4497CA1991-07$102,000
17Edith P Merritt Memorial Lecure Fund1600 Holloway Ave, San Francisco, CA 94132-1722CA1963-07$8,482
18Associates Of The California Institute Of Technology1200 E California Blvd Msc 5, Pasadena, CA 91125-0001CA1930-11$0
19Faculty Club Univ Of California Inc900 University Ave, Riverside, CA 92507-4600CA1951-07$0
20World Film Institute1042 Aratina Street, Los Angeles, CA 90042-1506CA1984-04$0
Number of organizations performing similar types of work
Alaska1
Alabama8
Arkansas2
Arizona2
California15
Colorado1
Connecticut7
District of Columbia1
Florida4
Georgia2
Iowa4
Idaho1
Illinois15
Indiana7
Kansas3
Kentucky1
Louisiana6
Massachusetts6
Maryland4
Maine1
Michigan10
Minnesota3
Missouri2
Mississippi1
Montana1
North Carolina11
Nebraska2
New Jersey2
New Mexico1
Nevada1
New York14
Ohio14
Oklahoma3
Oregon4
Pennsylvania12
Rhode Island2
South Carolina6
South Dakota2
Tennessee4
Texas19
Utah1
Virginia4
Washington6
Wisconsin11
West Virginia2
Wyoming2
International2
Total233

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