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Nonprofiteer
← CAL POLY HUMBOLDT FOUNDATION

Form 990 for tax year 2024

Filed by CAL POLY HUMBOLDT FOUNDATION.

Totals

Total revenue
$15,901,704
Total expenses
$15,284,888
Contributions and grants received
$9,160,192
Grants paid
$12,188,296
Program service revenue
$1,611,740
Investment income
$5,123,146
Other revenue
$6,626
Total assets, end of year
$70,524,170
Total liabilities, end of year
$5,372,316
Net assets or fund balances, end of year
$65,151,854
Program services expenses (Part IX)
$14,422,545
Management and general expenses
$862,343
Fundraising expenses
$0
Program service expenses (Part III)
$14,422,545

Program services were 94.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $23,825

  • 1f · All other contributions, gifts and grants

    $9,136,367

  • 1g · Noncash contributions included above

    $309,602

  • 2a · Program service revenue: COST RECOVERY

    total $827,656 · related or exempt $827,656

  • 2b · Program service revenue: OTHER CAMPUS ACTIVITES

    total $488,718 · related or exempt $488,718

  • 2c · Program service revenue: INDIRECT COST - TRUST

    total $295,366 · related or exempt $295,366

  • 3 · Investment income

    total $3,864,544 · excluded $3,864,544

  • 7a · Gross sales of assets other than inventory

    securities $23,742,365

  • 7b · Less cost or other basis and sales expenses

    securities $22,483,763

  • 7c · Gain or loss

    securities $1,258,602

  • 7d · Net gain or loss

    total $1,258,602 · excluded $1,258,602

  • 8a · Fundraising events: gross income

    $58,180

  • 8a · Fundraising events: contributions included on line 1c

    $23,825

  • 8b · Fundraising events: direct expenses

    $51,554

  • 8c · Net income from fundraising events

    total $6,626 · excluded $6,626

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,188,296 · program services $12,188,296

  • 11a · Fees: management

    total $282,961 · management and general $282,961

  • 11f · Fees: investment management

    total $96,806 · management and general $96,806

  • 11g · Fees: other

    total $375,945 · management and general $375,945

  • 12 · Advertising and promotion

    total $13,359 · program services $7,995 · management and general $5,364

  • 13 · Office expenses

    total $221,028 · program services $220,488 · management and general $540

  • 14 · Information technology

    total $209,452 · program services $209,300 · management and general $152

  • 16 · Occupancy

    total $54,926 · program services $39,621 · management and general $15,305

  • 17 · Travel

    total $232,708 · program services $232,708

  • 22 · Depreciation, depletion and amortization

    total $65,519 · program services $33,609 · management and general $31,910

  • 23 · Insurance

    total $28,477 · management and general $28,477

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $738,815 · program services $738,672 · management and general $143

  • 24b · Other expenses: INDIRECT COSTS

    total $294,284 · program services $288,205 · management and general $6,079

  • 24c · Other expenses: HOSPITALITY

    total $260,339 · program services $246,753 · management and general $13,586

  • 24d · Other expenses: MEMBERSHIPS

    total $5,238 · program services $5,238

  • 24e · All other expenses

    total $216,735 · program services $211,660 · management and general $5,075

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,772,012 · end of year $1,006,755

  • 2 · Savings and temporary cash investments

    beginning of year $15,682,263 · end of year $20,969,908

  • 3 · Pledges and grants receivable

    beginning of year $7,083,796 · end of year $4,879,477

  • 4 · Accounts receivable

    beginning of year $313,150 · end of year $413,056

  • 7 · Other notes and loans receivable

    beginning of year $8,794,386 · end of year $8,930,535

  • 10a · Land, buildings and equipment: cost or other basis

    $3,127,244

  • 10b · Land, buildings and equipment: accumulated depreciation

    $670,977

  • 10c · Land, buildings and equipment, net

    beginning of year $1,003,379 · end of year $2,456,267

  • 11 · Investments: publicly traded securities

    beginning of year $28,096,991 · end of year $28,042,241

  • 12 · Investments: other securities

    beginning of year $3,948,289 · end of year $3,825,931

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,526,141 · end of year $1,453,691

  • 25 · Other liabilities

    beginning of year $3,839,509 · end of year $3,918,625

  • 27 · Net assets without donor restrictions

    beginning of year $1,533,532 · end of year $1,677,793

  • 28 · Net assets with donor restrictions

    beginning of year $60,795,084 · end of year $63,474,061

Mission and programs · 2024

Mission

SEE SCHEDULE OTHE CAL POLY HUMBOLDT FOUNDATION PROVIDES EXPERTISE, FIDUCIARY OVERSIGHT AND ADVOCACY TO INCREASE CHARITABLE GIVING AND MANAGE THE ENDOWMENT AND OTHER CHARITABLE FUNDS. THE FOUNDATION SERVES HUMBOLDT STATE UNIVERSITY IN SEVERAL WAYS: 1. STEWARD ASSETS - ENSURE THAT CONTRIBUTIONS ARE WELL INVESTED AND USED AS DONORS INTEND.2. DEPLOY ASSETS - ENSURE THAT CONTRIBUTED FUNDS ARE EFFICIENTLY DISTRIBUTED AND PRODUCTIVELY USED BY THE UNIVERSITY. 3. RAISE NEW ASSETS - ENGAGE IN THE FUNDRAISING PROCESS IN ORDER TO INCREASE AMOUNT AND QUALITY OF CHARITABLE CONTRIBUTIONS TO THE UNIVERSITY. 4. STRATEGIC ALIGNMENT - BE FAMILIAR WITH THE STRATEGIES AND DIRECTIONS OF THE UNIVERSITY AND PROVIDE COMMENTARY AND FEEDBACK TO UNIVERSITY LEADERSHIP. 5. ADVOCACY - SERVE AS SPOKESPERSON AND AMBASSADORS FOR THE UNIVERSITY.

Activities or mission (Part I)

TO PROVIDE EXPERTISE, FIDUCIARY OVERSIGHT AND ADVOCACY TO INCREASE CHARITABLE GIVING AND MANAGE THE ENDOWMENT AND OTHER CHARITABLE FUNDS.

  • SERVICES INCLUDE FORWARDING EARNINGS TO 189 SCHOLARSHIP FUNDS AND 76 CAMPUS PROGRAMS IN COMPLIANCE WITH ENDOWMENT RESTRICTIONS; ADMINISTERING 355 CHARITABLE ACCOUNTS DEDICATED TO UNIVERSITY PURPOSES; AND MANAGING 291 ENDOWED AND 1 NON-ENDOWED INVESTMENT ACCOUNTS.

    Expenses $14,422,545 · Grants $12,188,296 · Revenue $1,611,740

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SHERIE GORDON

    STAFF REPRESENTATIVE THRU 05/25

    Total calculated
    $369,337
    From this org
    $0
    From related orgs
    $297,166
    Other
    $72,171
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,166 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $48,220 related
    Nontaxable benefits
    $0 + $23,951 related
    Filer's total
    $0 + $369,337 related

  • FRANK WHITLATCH

    EXEC DIRECTOR & SECRETARY THRU 07/24

    Total calculated
    $329,506
    From this org
    $0
    From related orgs
    $249,445
    Other
    $80,061
    Hours/week
    19.5 + 20.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,445 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $60,033 related
    Nontaxable benefits
    $0 + $20,028 related
    Filer's total
    $0 + $329,506 related

  • MIKE FISHER

    STAFF REPRESENTATIVE

    Total calculated
    $299,553
    From this org
    $0
    From related orgs
    $207,293
    Other
    $92,260
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,293 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $62,040 related
    Nontaxable benefits
    $0 + $30,220 related
    Filer's total
    $0 + $299,553 related

  • MARK JOHNSON

    EXEC DIRECTOR & SECRETARY THRU 06/25

    Total calculated
    $242,786
    From this org
    $0
    From related orgs
    $197,660
    Other
    $45,126
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,660 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $45,052 related
    Nontaxable benefits
    $0 + $74 related
    Filer's total
    $0 + $242,786 related

  • STEVE KARP

    EXEC DIRECTOR & SECRETARY

    Total calculated
    $208,471
    From this org
    $0
    From related orgs
    $151,308
    Other
    $57,163
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,308 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $44,719 related
    Nontaxable benefits
    $0 + $12,444 related
    Filer's total
    $0 + $208,471 related

  • EDEN DONAHUE

    FACULTY REPRESENTATIVE

    Total calculated
    $196,081
    From this org
    $0
    From related orgs
    $129,000
    Other
    $67,081
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,899 related
    Nontaxable benefits
    $0 + $30,182 related
    Filer's total
    $0 + $196,081 related

  • MICHAEL SPAGNA

    CAL POLY PRESIDENT

    Total calculated
    $129,364
    From this org
    $0
    From related orgs
    $95,479
    Other
    $33,885
    Hours/week
    1 + 40 related

  • JORDAN KEMME

    STUDENT REPRESENTATIVE

    Total calculated
    $5,082
    From this org
    $0
    From related orgs
    $5,082
    Other
    $0
    Hours/week
    1

  • JACK MCGURK

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JASON CARLSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ROBIN SMITH

    MEMBER, PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PHILIP ANTON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN BALLARD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBIN QUIGLEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHERMAN SCHAPIRO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAN PHILLIPS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER KELLER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARIN KALTSCHMIDT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT HUNT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEN FULGHAM

    MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART 1, LINE 3
THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY CAL POLY HUMBOLDT UNIVERSITY. THE EXECUTIVE DIRECTOR HAS A WRITTEN EMPLOYMENT CONTRACT WITH CAL POLY HUMBOLDT UNIVERSITY. IN ADDITION, A COMPENSATION SURVEY OR STUDY WAS USED TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202503109349302050

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