THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY Charity Report

Public IRS 990 nonprofit record

THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY

EIN 83-0403915 · Single Organization Support (B11)

What they do

THE TOWER FOUNDATIONS MISSION is to ENCOURAGE PHILANTHROPY AMONG SJSU ALUMNI and FRIENDS BY PROVIDING HIGH-QUALITY, RELIABLE, and RESPONSIVE CHARITABLE GIVING SERVICES, DONOR STEWARDSHIP, and ACCURATE ACCOUNTING for ALL GIFTS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

51.55%of revenue went to mission work94.8% of expenses · Program services

$54.35spent for every $100 of revenueRevenue covered expenses this year.

2.80%of revenue went to management and office costs5.2% of expenses

$13.39in assets for every $1 spent this yearSome assets cannot be spent right away.

64.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,187,950 for KENNETH NIUMATALOLO (HEAD COACH, FOOTBALL). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$50,066,974

Mission workProgram services$25,807,76651.55% of revenue94.8% of expenses

ManagementOffice and general costs$1,402,9612.80% of revenue5.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$22,856,24745.65% of revenueShown in gray on the chart

Total expenses$27,210,72754.35% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 94.8% mission · 5.2% management · 0.0% fundraisingTotal expenses: 54.35% of revenue

2023Expense mix: 83.4% mission · 16.6% management · 0.0% fundraisingTotal expenses: 63.78% of revenue

2022Expense mix: 81.4% mission · 18.6% management · 0.0% fundraisingTotal expenses: 93.42% of revenue

2021Expense mix: 84.9% mission · 15.1% management · 0.0% fundraisingTotal expenses: 69.64% of revenue

2020Expense mix: 87.3% mission · 12.7% management · 0.0% fundraisingTotal expenses: 49.94% of revenue

2019Expense mix: 89.7% mission · 10.3% management · 0.0% fundraisingTotal expenses: 82.76% of revenue

2018Expense mix: 89.7% mission · 10.3% management · 0.0% fundraisingTotal expenses: 96.32% of revenue

2017Expense mix: 91.6% mission · 8.4% management · 0.0% fundraisingTotal expenses: 84.45% of revenue

Money in and money out

Revenue$50,066,974

Expenses$27,210,727

Annual surplus $22,856,247 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$25,807,766 · 94.8% of expenses

Management and office costs$1,402,961 · 5.2% of expenses

See all reported dollar amounts

Revenue$50,066,974

Expenses$27,210,727

Assets$364,329,702

Income$168,980,272

Contributions$32,195,881

Mission work (program services)$25,807,766

Grants given$34,632,132

Average grant$2,308,809

Management and general$1,402,961

Stocks and bonds$238,715,584

Accounting fees$510,825

Investing fees$789,182

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KENNETH NIUMATALOLOHEAD COACH, FOOTBALL · 1 hrs/week $1,187,950Base $1,114,159 · Other $73,791

BRENT BRENNANFORMER HEAD COACH, FOOTBALL · 1 hrs/week $699,886Base $686,041 · Other $13,845

TIMOTHY MILESHEAD COACH, BASKETBALL · 1 hrs/week $641,054Base $552,419 · Other $88,635

JEFFREY KONYADIRECTOR OF ATHLETICS · 1 hrs/week $319,603Base $214,455 · Other $105,148

DERRICK ODUMASSISTANT COACH, FOOTBALL $238,860Base $151,826 · Other $87,034

PATRICIA GAGLIAEXEC DIRECTOR FOR CORP AND FOUNDATION RELATIONS · 40 hrs/week $202,895Base $172,608 · Other $30,287

VINCENT DEL CASINODIRECTOR $136,611Base · Other $136,611

CYNTHIA TENIENTE-MATSONSJSU PRESIDENT $116,752Base · Other $116,752

JUDY NAGAICEO · 30 hrs/week $95,321Base · Other $95,321

CHARLIE FAASDIRECTOR (UNTIL 1/2025) $80,515Base · Other $80,515

ROBIN REYNOLDSCOO/SECRETARY · 40 hrs/week $80,029Base · Other $80,029

FOLARIN EROGBOGBOFACULTY REPRESENTATIVE $72,652Base · Other $72,652

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

KENNETH NIUMATALOLOHEAD COACH, FOOTBALL

BRENT BRENNANFORMER HEAD COACH, FOOTBALL

TIMOTHY MILESHEAD COACH, BASKETBALL

JEFFREY KONYADIRECTOR OF ATHLETICS

DERRICK ODUMASSISTANT COACH, FOOTBALL

PATRICIA GAGLIAEXEC DIRECTOR FOR CORP AND FOUNDATION RELATIONS

VINCENT DEL CASINODIRECTOR

CYNTHIA TENIENTE-MATSONSJSU PRESIDENT

JUDY NAGAICEO

CHARLIE FAASDIRECTOR (UNTIL 1/2025)

ROBIN REYNOLDSCOO/SECRETARY

FOLARIN EROGBOGBOFACULTY REPRESENTATIVE

KARTHIKA SASIKUMARACAD SENATE CHAIR

MARKO TRAPANIDIRECTOR

WANDA HENDRIXTREASURER

COLLEEN WILCOXDIRECTOR

CONSTANCE MOOREVICE CHAIR (UNTIL 11/2024)

STEVE CAPLANDIRECTOR

SCOTT LEFAVERDIRECTOR (AS OF 12/2024)

SARAB MULTANISTUDENT BODY REP

SANDY SWANSONATHLETIC DIRECTORS COUNCIL

EDWARD OATESDIRECTOR

PHIL BOYCECHAIR

ERIC KELLYDIRECTOR

JEFF RICCIDIRECTOR

MARK PASQUALEDIRECTOR

MARK LAZZARINIDIRECTOR

LINDA MORASCHDIRECTOR

KEVIN SWANSONATHLETIC DIRECTORS COUNCIL

ERICA LOCKHEIMERDIRECTOR (AS OF 12/2024)

BILL BARTONDIRECTOR (UNTIL 3/2025)

GARY RADINEDIRECTOR

JOHN W BAIRDDIRECTOR

JANIKKE KLEMALUMNI APPOINTEE

About this charity

Recognized since: January 2005
Location: 1 WASHINGTON SQ, SAN JOSE, CA 95192-1000
County: Santa Clara
In care of: ROBIN REYNOLDS
Primary officer: ROBIN REYNOLDS, COO

How to reach them

WebsiteVisit the charity’s website Emailtowerfoundation@sjsu.edu Phone(408) 924-1765

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: COHNREZNICK ADVISORY LLC
NTEE classification: Single Organization Support (B11)
IRS tax category: Single Organization Support
Grant-giving organization: Yes