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← FOUNDATION FOR CALIFORNIA UNIVERSITY OF PENNSYLVANIA

Form 990 for tax year 2024

Filed by FOUNDATION FOR CALIFORNIA UNIVERSITY OF PENNSYLVANIA.

Totals

Total revenue
$7,725,479
Total expenses
$5,671,177
Contributions and grants received
$2,332,677
Grants paid
$4,405,662
Program service revenue
$2,713,473
Investment income
$2,627,851
Other revenue
$51,478
Total assets, end of year
$53,250,277
Total liabilities, end of year
$9,072,431
Net assets or fund balances, end of year
$44,177,846
Program services expenses (Part IX)
$5,002,514
Management and general expenses
$650,955
Fundraising expenses
$17,708
Program service expenses (Part III)
$5,002,514

Program services were 88.2% 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

    $2,332,677

  • 2a · Program service revenue: ENVIRONMENTAL PROGRAM

    total $2,713,473 · related or exempt $2,713,473

  • 3 · Investment income

    total $741,420 · excluded $741,420

  • 7a · Gross sales of assets other than inventory

    securities $17,251,745

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

    securities $15,365,314

  • 7c · Gain or loss

    securities $1,886,431

  • 7d · Net gain or loss

    total $1,886,431 · related or exempt $1,886,431

  • 8a · Fundraising events: gross income

    $25,975

  • 8b · Fundraising events: direct expenses

    $4,102

  • 8c · Net income from fundraising events

    total $21,873 · excluded $21,873

  • 9a · Gaming: gross income

    $39,280

  • 9b · Gaming: direct expenses

    $9,675

  • 9c · Net income from gaming

    total $29,605 · excluded $29,605

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,602,139 · program services $3,602,139

  • 2 · Grants to domestic individuals

    total $803,523 · program services $803,523

  • 7 · Other salaries and wages

    total $435,399 · program services $55,706 · management and general $379,693

  • 8 · Pension plan contributions

    total $20,076 · program services $2,723 · management and general $17,353

  • 9 · Other employee benefits

    total $53,293 · program services $9,205 · management and general $44,088

  • 10 · Payroll taxes

    total $35,358 · program services $4,380 · management and general $30,978

  • 11g · Fees: other

    total $27,772 · program services $2,576 · management and general $25,196

  • 17 · Travel

    total $20,721 · program services $19,357 · management and general $1,364

  • 19 · Conferences, conventions and meetings

    total $620 · management and general $620

  • 20 · Interest

    total $417 · management and general $417

  • 22 · Depreciation, depletion and amortization

    total $4,122 · program services $245 · management and general $3,877

  • 23 · Insurance

    total $17,900 · program services $754 · management and general $17,146

  • 24a · Other expenses: PROGRAM EXPENSES

    total $266,907 · program services $266,907

  • 24b · Other expenses: PROJECT EXPENSE

    total $157,157 · program services $139,449 · fundraising $17,708

  • 24c · Other expenses: CONSULTANTS

    total $120,386 · program services $0 · management and general $120,386

  • 24d · Other expenses: MISCELLANEOUS

    total $57,498 · program services $53,021 · management and general $4,477

  • 24e · All other expenses

    total $47,889 · program services $42,529 · management and general $5,360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,749 · end of year $114,324

  • 2 · Savings and temporary cash investments

    beginning of year $6,945,295 · end of year $6,501,869

  • 3 · Pledges and grants receivable

    beginning of year $1,378,346 · end of year $1,374,714

  • 4 · Accounts receivable

    beginning of year $118,480 · end of year $387,796

  • 9 · Prepaid expenses and deferred charges

    beginning of year $143,891 · end of year $300,595

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

    $6,404

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

    $4,933

  • 10c · Land, buildings and equipment, net

    beginning of year $2,452 · end of year $1,471

  • 11 · Investments: publicly traded securities

    beginning of year $40,312,093 · end of year $44,443,333

  • 12 · Investments: other securities

    beginning of year $12,681 · end of year $13,798

  • 14 · Intangible assets

    beginning of year $11,518 · end of year $8,377

  • 15 · Other assets

    beginning of year $104,000 · end of year $104,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $907,975 · end of year $445,289

  • 25 · Other liabilities

    beginning of year $7,588,265 · end of year $8,627,142

  • 27 · Net assets without donor restrictions

    beginning of year $2,886,497 · end of year $3,238,481

  • 28 · Net assets with donor restrictions

    beginning of year $37,701,768 · end of year $40,939,365

Mission and programs · 2024

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 $803,523 · Grants $803,523

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

    Expenses $4,198,991 · Grants $3,602,139 · Revenue $4,599,904

As filed on the 2024 return.

Listed in Part VII

  • William R Booker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Regan E Borso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Lorenzi

    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

  • Keith Curran

    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 Pratt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew Humbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Timothy Little

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Beverly Ross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Harry Serene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Denise Smith

    EXECUTIVE DIRECTOR

    Total calculated
    $167,182
    From this org
    $157,677
    From related orgs
    $0
    Other
    $9,505
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $157,677
    Bonus
    $0
    Other
    $0
    Deferred
    $7,817
    Nontaxable benefits
    $1,688
    Filer's total
    $167,182

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

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

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.

  • PENNSYLVANIA WESTERN UNIVERSITY-CALIFORNIA

    HIGHER EDUCATION - PUBLIC UNIVERSITY · PA

    Directly controlled by COMMONWEALTH OF PENNSYLVANIA

Provenance

Return type
form_990
Tax year
2024
Filed
15 September 2025
IRS schema version
2024v5.2
Source object
202522829349301862

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