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← FOUNDATION FOR CALIFORNIA UNIVERSITY OF PENNSYLVANIA

Form 990 for tax year 2022

Filed by FOUNDATION FOR CALIFORNIA UNIVERSITY OF PENNSYLVANIA.

Totals

Total revenue
$7,174,803
Total expenses
$5,264,695
Contributions and grants received
$3,265,279
Grants paid
$4,600,251
Program service revenue
$2,582,873
Investment income
$1,185,312
Other revenue
$141,339
Total assets, end of year
$46,101,564
Total liabilities, end of year
$7,964,288
Net assets or fund balances, end of year
$38,137,276
Program services expenses (Part IX)
$4,837,040
Management and general expenses
$425,609
Fundraising expenses
$2,046
Program service expenses (Part III)
$4,837,040

Program services were 91.9% 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.

  • 1f · All other contributions, gifts and grants

    $3,265,279

  • 2a · Program service revenue: ENVIRONMENTAL PROGRAM

    total $2,582,873 · related or exempt $2,582,873

  • 3 · Investment income

    total $553,458 · excluded $553,458

  • 7a · Gross sales of assets other than inventory

    securities $13,884,520

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

    securities $13,252,666

  • 7c · Gain or loss

    securities $631,854

  • 7d · Net gain or loss

    total $631,854 · related or exempt $631,854

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $141,339 · related or exempt $141,339

  • 11e · Other revenue, total

    $141,339

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,978,084 · program services $2,978,084

  • 2 · Grants to domestic individuals

    total $1,622,167 · program services $1,622,167

  • 7 · Other salaries and wages

    total $326,325 · program services $47,252 · management and general $279,073

  • 8 · Pension plan contributions

    total $15,758 · program services $2,337 · management and general $13,421

  • 9 · Other employee benefits

    total $33,632 · program services $7,202 · management and general $26,430

  • 10 · Payroll taxes

    total $24,596 · program services $3,707 · management and general $20,889

  • 11g · Fees: other

    total $27,310 · program services $3,229 · management and general $24,081

  • 17 · Travel

    total $21,700 · program services $20,791 · management and general $909

  • 19 · Conferences, conventions and meetings

    total $1,085 · program services $645 · management and general $440

  • 20 · Interest

    total $190 · management and general $190

  • 22 · Depreciation, depletion and amortization

    total $2,028 · program services $245 · management and general $1,783

  • 23 · Insurance

    total $14,178 · program services $1,162 · management and general $13,016

  • 24a · Other expenses: PROGRAM EXPENSES

    total $78,293 · program services $78,293

  • 24b · Other expenses: PROJECT EXPENSE

    total $52,359 · program services $48,971 · management and general $1,342 · fundraising $2,046

  • 24c · Other expenses: CONSULTANTS

    total $34,542 · management and general $34,542

  • 24d · Other expenses: STUDENT LIVING EXPENSE

    total $9,946 · program services $9,946

  • 24e · All other expenses

    total $22,502 · program services $13,009 · management and general $9,493

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $180,014 · end of year $629,934

  • 2 · Savings and temporary cash investments

    beginning of year $4,937,738 · end of year $5,220,419

  • 3 · Pledges and grants receivable

    beginning of year $878,346 · end of year $1,628,346

  • 4 · Accounts receivable

    beginning of year $500,512 · end of year $709,033

  • 9 · Prepaid expenses and deferred charges

    beginning of year $141,035 · end of year $159,038

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

    $6,404

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

    $2,971

  • 10c · Land, buildings and equipment, net

    beginning of year $4,414 · end of year $3,433

  • 11 · Investments: publicly traded securities

    beginning of year $36,135,774 · end of year $37,621,092

  • 12 · Investments: other securities

    beginning of year $10,578 · end of year $11,609

  • 14 · Intangible assets

    end of year $14,660

  • 15 · Other assets

    end of year $104,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $580,967 · end of year $1,177,248

  • 25 · Other liabilities

    beginning of year $6,970,019 · end of year $6,787,040

  • 27 · Net assets without donor restrictions

    beginning of year $2,173,136 · end of year $2,408,721

  • 28 · Net assets with donor restrictions

    beginning of year $33,064,289 · end of year $35,728,555

Mission and programs · 2022

Mission

THE FOUNDATION'S PURPOSE IS TO SUPPORT AND SUPPLEMENT THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES AND PROGRAMS OF PENNSYLVANIA WESTERN UNIVERSITY PRIMARILY PENNWEST-CALIFORNIA (PENNWEST), PREVIOUSLY KNOWN AS CALIFORNIA UNIVERSITY OF PENNSYLVANIA (CALU).

  • STUDENT RELATED SCHOLARSHIPS AND GRANTS

    Expenses $1,622,167 · Grants $1,622,167

  • GRANTS TO PENNSYLVANIA WESTERN UNIVERSITY-CALIFORNIA FOR VARIOUS PROGRAMS AND ACTIVITIES INCLUDING UNIVERSITY PROGRAMS AND COURSES, CAPITAL PROJECTS, FACULTY SUPPORT, AND BOOK PURCHASES

    Expenses $3,214,873 · Grants $2,978,084 · Revenue $3,356,066

As filed on the 2022 return.

Listed in Part VII

  • Courtney Menanno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Therese J Gass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Frederick A Retsch

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    7

  • Darla R Holley-Holmes

    SECRETARY

    Total calculated
    $0
    Hours/week
    7

  • Jeff M Kotula

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeffrey S James

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Lorenzi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Paul L Kania

    TREASURER

    Total calculated
    $0
    Hours/week
    7

  • William R Flinn II

    PRESIDENT

    Total calculated
    $0
    Hours/week
    7

  • Bethany Hoag-Salmen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chelsea M Gump

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Denise Smith

    EXECUTIVE DIRECTOR

    Total calculated
    $121,414
    From this org
    $121,414
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

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.

  • PENNSYLVANIA WESTERN UNIVERSITY-CALIFORNIA

    HIGHER EDUCATION - PUBLIC UNIVERSITY · PA

    Directly controlled by COMMONWEALTH OF PENNSYLVANIA

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202323149349303927

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