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← CAL POLY POMONA FOUNDATION INC

Form 990 for tax year 2022

Filed by CAL POLY POMONA FOUNDATION INC.

Totals

Total revenue
$102,046,596
Total expenses
$88,080,493
Contributions and grants received
$22,887,994
Grants paid
$5,861,588
Program service revenue
$79,598,268
Investment income
-$439,666
Other revenue
$0
Total assets, end of year
$209,062,085
Total liabilities, end of year
$147,122,101
Net assets or fund balances, end of year
$61,939,984
Program services expenses (Part IX)
$72,704,570
Management and general expenses
$15,375,923
Fundraising expenses
$0
Program service expenses (Part III)
$72,704,570

Program services were 82.5% 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.

  • 1e · Government grants (contributions)

    $21,707,965

  • 1f · All other contributions, gifts and grants

    $1,180,029

  • 2a · Program service revenue: ENTERPRISE ACTIVITIES

    total $49,901,463 · related or exempt $47,183,385 · unrelated business $2,718,078

  • 2b · Program service revenue: EDUCATIONAL ACTIVITIES

    total $19,231,851 · related or exempt $18,128,242 · unrelated business $1,103,609

  • 2c · Program service revenue: REAL ESTATE ACTIVITIES

    total $10,464,954 · related or exempt $8,090,919 · unrelated business $2,374,035

  • 3 · Investment income

    total $850,749 · unrelated business $7,100 · excluded $843,649

  • 7a · Gross sales of assets other than inventory

    securities $27,763,179

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

    securities $29,053,594

  • 7c · Gain or loss

    securities -$1,290,415

  • 7d · Net gain or loss

    total -$1,290,415 · excluded -$1,290,415

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,628,149 · program services $3,628,149

  • 2 · Grants to domestic individuals

    total $2,233,439 · program services $2,233,439

  • 5 · Compensation of officers, directors and key employees

    total $659,544 · management and general $659,544

  • 7 · Other salaries and wages

    total $24,859,812 · program services $20,998,907 · management and general $3,860,905

  • 8 · Pension plan contributions

    total $4,199,230 · program services $2,662,791 · management and general $1,536,439

  • 9 · Other employee benefits

    total $3,952,794 · program services $2,563,782 · management and general $1,389,012

  • 10 · Payroll taxes

    total $1,390,043 · program services $1,098,134 · management and general $291,909

  • 11b · Fees: legal

    total $88,691 · program services $6,493 · management and general $82,198

  • 11c · Fees: accounting

    total $290,540 · program services $98,099 · management and general $192,441

  • 11f · Fees: investment management

    total $65,532 · management and general $65,532

  • 11g · Fees: other

    total $3,862,799 · program services $2,932,227 · management and general $930,572

  • 12 · Advertising and promotion

    total $344,799 · program services $172,677 · management and general $172,122

  • 13 · Office expenses

    total $4,094,167 · program services $4,094,167

  • 14 · Information technology

    total $700,504 · program services $317,785 · management and general $382,719

  • 15 · Royalties

    total $909,843 · program services $284,541 · management and general $625,302

  • 16 · Occupancy

    total $3,387,521 · program services $2,868,779 · management and general $518,742

  • 17 · Travel

    total $914,894 · program services $815,653 · management and general $99,241

  • 19 · Conferences, conventions and meetings

    total $53,938 · program services $32,560 · management and general $21,378

  • 20 · Interest

    total $1,293,530 · program services $1,293,530

  • 22 · Depreciation, depletion and amortization

    total $3,756,291 · program services $2,740,234 · management and general $1,016,057

  • 23 · Insurance

    total $611,068 · program services $378,790 · management and general $232,278

  • 24a · Other expenses: COST OF GOODS SOLD

    total $16,396,587 · program services $16,396,587

  • 24b · Other expenses: INDIRECT COST

    total $3,525,579 · program services $2,463,726 · management and general $1,061,853

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $2,064,609 · program services $446,484 · management and general $1,618,125

  • 24d · Other expenses: PACE COURSE FEE REMITTA

    total $417,500 · program services $417,500

  • 24e · All other expenses

    total $4,379,090 · program services $3,759,536 · management and general $619,554

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,906,639 · end of year $181,611

  • 2 · Savings and temporary cash investments

    beginning of year $719,908 · end of year $15,638,238

  • 3 · Pledges and grants receivable

    beginning of year $2,819,445 · end of year $2,697,823

  • 4 · Accounts receivable

    beginning of year $13,571,023 · end of year $12,432,992

  • 8 · Inventories for sale or use

    beginning of year $1,937,763 · end of year $1,788,820

  • 9 · Prepaid expenses and deferred charges

    beginning of year $305,391 · end of year $251,613

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

    $66,092,697

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

    $45,673,061

  • 10c · Land, buildings and equipment, net

    beginning of year $42,575,012 · end of year $20,419,636

  • 11 · Investments: publicly traded securities

    beginning of year $21,193,878 · end of year $26,694,202

  • 12 · Investments: other securities

    beginning of year $6,579,499 · end of year $6,283,435

  • 14 · Intangible assets

    beginning of year $513,209 · end of year $18,019,696

  • 15 · Other assets

    beginning of year $97,665,409 · end of year $104,654,019

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,707,573 · end of year $4,482,319

  • 18 · Grants payable

    beginning of year $2,096,333 · end of year $3,320,909

  • 19 · Deferred revenue

    beginning of year $1,729,024 · end of year $1,970,160

  • 25 · Other liabilities

    beginning of year $136,922,595 · end of year $137,348,713

  • 27 · Net assets without donor restrictions

    beginning of year $20,156,509 · end of year $40,733,947

  • 28 · Net assets with donor restrictions

    beginning of year $25,175,142 · end of year $21,206,037

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO ENGAGE IN ENTERPRISE AND PROGRAMS SUPPORT ACTIVITIES TO AID THE EDUCATIONAL MISSION OF CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA FOR THE BENEFITS OF STUDENTS, FACULTY, STAFF, ALUMNI AND VISITORS.

Activities or mission (Part I)

TO AID THE EDUCATIONAL MISSION OF CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA.

  • DINING SERVICES - OPERATES A DIVERSE ARRAY OF DINING VENUES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF, AND OTHER UNIVERSITY CONSTITUENTS. THE MISSION OF THE ENTERPRISE FOUNDATION DINING SERVICES IS TO DELIVER QUALITY FOOD SERVICES AT AFFORDABLE PRICES WHILE PROVIDING VALUABLE STUDENT WORK EMPLOYMENT OPPORTUNITITES AND RESOURCE SUPPORT TO THE CAL POLY POMONA COMMUNITY. EACH YEAR, OVER 500 STUDENTS FROM ALL ACADEMIC DISCIPLINES GAIN LEADERSHIP SKILLS AND BENEFICIAL WORK EXPERIENCES BY WORKING IN RESIDENTIAL AND RETAIL DINING OPERATIONS.

    Expenses $19,576,249 · Revenue $20,636,718

  • BRONCO BOOKSTORE - OFFERS THE ACADEMIC COMMUNITY ALL OF THE COURSE MATERIALS, SUPPLIES, TECHNOLOGY, SPIRIT GEAR, AND TOOLS NECESSARY FOR A SUCCESSFUL UNIVERSITY EXPERIENCE. IT'S MISSION IS TO PROVIDE THESE GOODS, AND SERVICES IN THE MOST AFFORDABLE AND CONVENIENT MANNER POSSIBLE. THE BRONCO BOOKSTORE ALSO SUPPORTS FACULTY EFFORTS TO IDENTIFY THE COURSE MATERIALS THAT ARE MOST ADVANTEGOUS FOR STUDENT LEARNING AND COMPLETION. STAFF TAKE PRIDE IN DEVELOPING STUDENT EMPLOYEES WITH CO-CURRICULAR EXPERIENCES THAT ENHANCE THEIR CLASSROOM LEARNING.

    Expenses $11,277,969 · Revenue $11,851,953

  • UNIVERSITY VILLAGE - THE VILLAGE OFFERS VALUABLE, WELL-MAINTAINED, AND FURNISHED ACCOMODATIONS FOR OVER 1,200 CAL POLY POMONA STUDENTS EACH YEAR. BY FOCUSING ON INTERPERSONAL RELATIONSHIPS WITH ITS RESIDENTS, HOUSING SERVICES STRIVES TO CREATE A SAFE, RESPECTFUL AND INCLUSIVE COMMUNITY. STUDENTS ENGAGE WITH A SUPPORTIVE STAFF AND DYNAMIC ENVIRONMENT THAT CONTINUALLY WORKS TO ADAPT TO RESIDENT NEEDS. THE UNIVERSITY VILLAGE PRIDES ITSELF ON ADVANCING STUDENT SUCCESS THROUGH A HOLISTIC, CO-CURRICULAR EDUCATION, AND STUDENT EMPLOYMENT OPPORTUNITIES.

    Expenses $8,526,492 · Revenue $11,130,620

  • OTHER PROGRAM SERVICES

    Expenses $33,323,860 · Grants $5,861,588 · Revenue $29,783,255

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SORAYA M COLEY

    CHAIRMAN

    Total calculated
    $589,231
    From this org
    $0
    From related orgs
    $472,160
    Other
    $117,071
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $472,160 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $96,874 related
    Nontaxable benefits
    $0 + $20,197 related
    Filer's total
    $0 + $589,231 related

  • YSABEL D TRINIDAD

    VICE CHAIR

    Total calculated
    $420,173
    From this org
    $0
    From related orgs
    $308,116
    Other
    $112,057
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,116 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $92,019 related
    Nontaxable benefits
    $0 + $20,038 related
    Filer's total
    $0 + $420,173 related

  • JOHN W MCGUTHRY

    DIRECTOR

    Total calculated
    $365,149
    From this org
    $0
    From related orgs
    $264,956
    Other
    $100,193
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,956 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $80,155 related
    Nontaxable benefits
    $0 + $20,038 related
    Filer's total
    $0 + $365,149 related

  • CHRISTINA M GONZALES

    DIRECTOR

    Total calculated
    $328,456
    From this org
    $0
    From related orgs
    $278,468
    Other
    $49,988
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,468 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,499 related
    Nontaxable benefits
    $0 + $10,489 related
    Filer's total
    $0 + $328,456 related

  • DANIEL E MONTPLAISIR

    DIRECTOR (UNTIL 02/23)

    Total calculated
    $297,102
    From this org
    $0
    From related orgs
    $253,616
    Other
    $43,486
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,616 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,715 related
    Nontaxable benefits
    $0 + $3,771 related
    Filer's total
    $0 + $297,102 related

  • MARTIN SANCHO-MADRIZ

    SECRETARY/TREASURER

    Total calculated
    $289,705
    From this org
    $0
    From related orgs
    $205,234
    Other
    $84,471
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,234 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $64,433 related
    Nontaxable benefits
    $0 + $20,038 related
    Filer's total
    $0 + $289,705 related

  • JARED CEJA

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $286,518
    From this org
    $241,946
    From related orgs
    $0
    Other
    $44,572
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,946
    Bonus
    $0
    Other
    $0
    Deferred
    $20,943
    Nontaxable benefits
    $23,629
    Filer's total
    $286,518

  • AARON NEILSEN

    DIRECTOR OF DINING

    Total calculated
    $209,203
    From this org
    $166,396
    From related orgs
    $0
    Other
    $42,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,396
    Bonus
    $0
    Other
    $0
    Deferred
    $20,077
    Nontaxable benefits
    $22,730
    Filer's total
    $209,203

  • PHYLLIS NELSON

    DIRECTOR

    Total calculated
    $205,820
    From this org
    $0
    From related orgs
    $149,598
    Other
    $56,222
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,598 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $45,783 related
    Nontaxable benefits
    $0 + $10,439 related
    Filer's total
    $0 + $205,820 related

  • APRIL JIMENEZ-VALADEZ

    DIRECTOR

    Total calculated
    $198,049
    From this org
    $0
    From related orgs
    $116,596
    Other
    $81,453
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,596 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,599 related
    Nontaxable benefits
    $0 + $47,854 related
    Filer's total
    $0 + $198,049 related

  • JOANNE MATHEW

    CHIEF FINANCIAL OFFICER

    Total calculated
    $195,879
    From this org
    $162,348
    From related orgs
    $0
    Other
    $33,531
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,348
    Bonus
    $0
    Other
    $0
    Deferred
    $10,892
    Nontaxable benefits
    $22,639
    Filer's total
    $195,879

  • RANDY WALLACE JR

    CORPORATE BROKERAGE OFFICER

    Total calculated
    $177,893
    From this org
    $137,964
    From related orgs
    $0
    Other
    $39,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,964
    Bonus
    $0
    Other
    $0
    Deferred
    $16,089
    Nontaxable benefits
    $23,840
    Filer's total
    $177,893

  • HOMEYRA R SADAGHIANI

    DIRECTOR

    Total calculated
    $176,787
    From this org
    $4,904
    From related orgs
    $117,138
    Other
    $54,745
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $4,904 + $117,138 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,767 related
    Nontaxable benefits
    $0 + $19,978 related
    Filer's total
    $4,904 + $171,883 related

  • NICHOLAS R VAN GLAHN

    DIRECTOR

    Total calculated
    $176,618
    From this org
    $0
    From related orgs
    $116,000
    Other
    $60,618
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,423 related
    Nontaxable benefits
    $0 + $26,195 related
    Filer's total
    $0 + $176,618 related

  • CLINT AASE

    DIRECTOR OF BOOKSTORE

    Total calculated
    $172,151
    From this org
    $147,044
    From related orgs
    $0
    Other
    $25,107
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,044
    Bonus
    $0
    Other
    $0
    Deferred
    $16,863
    Nontaxable benefits
    $8,244
    Filer's total
    $172,151

  • RICARDO QUINTERO

    EXECUTIVE DIRECTOR OF TRIO

    Total calculated
    $165,634
    From this org
    $127,107
    From related orgs
    $0
    Other
    $38,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,107
    Bonus
    $0
    Other
    $0
    Deferred
    $15,822
    Nontaxable benefits
    $22,705
    Filer's total
    $165,634

  • DAVID LAXAMANA

    DIRECTOR OF UNIVERSITY VILLAGE

    Total calculated
    $159,126
    From this org
    $123,147
    From related orgs
    $0
    Other
    $35,979
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,147
    Bonus
    $0
    Other
    $0
    Deferred
    $14,714
    Nontaxable benefits
    $21,265
    Filer's total
    $159,126

  • SHARI BENSON

    CHIEF HR OFFICER

    Total calculated
    $141,068
    From this org
    $128,783
    From related orgs
    $0
    Other
    $12,285
    Hours/week
    40

  • STEPHANIE PASTOR

    DIRECTOR

    Total calculated
    $112,943
    From this org
    $0
    From related orgs
    $80,485
    Other
    $32,458
    Hours/week
    0.5 + 40 related

  • DEBORAH A GOMAN

    DIRECTOR

    Total calculated
    $96,082
    From this org
    $0
    From related orgs
    $66,365
    Other
    $29,717
    Hours/week
    0.5 + 40 related

  • JENNIFER L BROWN

    DIRECTOR

    Total calculated
    $14,000
    From this org
    $14,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • MAYRA BROWN

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • ERICA FRAUSTO

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • LOWELL OVERTON

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • OLIVER SANTOS

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID SPEAK

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • RUBY SUCHECKI

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • MARYANN TOLANO LEVEQUE

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • DANIEL FONCELLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • EMILY HAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CYNTHIA NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ALIZA ORTEGA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • FRANCES TEVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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 I, LINE 1B
PERSONAL SERVICES: MAID SERVICES WERE PROVIDED FOR SORAYA COLEY, CHAIR OF THE BOARD AT HER RESIDENCE LOCATED ON CAMPUS. THE AMOUNT WAS NOT TREATED AS TAXABLE 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST

    T · CA

Provenance

Return type
form_990
Tax year
2022
Filed
20 March 2024
IRS schema version
2022v5.0
Source object
202410819349300016

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