Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $781,518

• 1d · Related organizations

  $269,845

• 1f · All other contributions, gifts and grants

  $10,611,816

• 1g · Noncash contributions included above

  $1,822,824

• 2a · Program service revenue: PROGRAM INCOME

  total $92,020 · related or exempt $92,020

• 3 · Investment income

  total $10,280,294 · excluded $10,280,294

• 7a · Gross sales of assets other than inventory

  securities $46,361,616

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

  securities $43,906,979

• 7c · Gain or loss

  securities $2,454,637

• 7d · Net gain or loss

  total $2,454,637 · excluded $2,454,637

• 8a · Fundraising events: gross income

  $319,899

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

  $781,518

• 8b · Fundraising events: direct expenses

  $774,571

• 8c · Net income from fundraising events

  total -$454,672 · excluded -$454,672

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,087,636 · program services $4,087,636

• 2 · Grants to domestic individuals

  total $33,540 · program services $33,540

• 7 · Other salaries and wages

  total $2,585,339 · program services $1,939,091 · management and general $646,248

• 9 · Other employee benefits

  total $27,463 · program services $27,463

• 10 · Payroll taxes

  total $180,583 · program services $180,583

• 11b · Fees: legal

  total $79,079 · management and general $79,079

• 11f · Fees: investment management

  total $1,120,061 · management and general $1,120,061

• 11g · Fees: other

  total $3,595,886 · program services $3,043,713 · management and general $552,173

• 12 · Advertising and promotion

  total $55,247 · program services $55,247

• 13 · Office expenses

  total $219,510 · program services $219,510

• 14 · Information technology

  total $58,395 · program services $58,395

• 17 · Travel

  total $555,634 · program services $533,832 · management and general $21,802

• 19 · Conferences, conventions and meetings

  total $82,572 · program services $82,572

• 22 · Depreciation, depletion and amortization

  total $143,935 · program services $143,935

• 23 · Insurance

  total $32,634 · program services $12,388 · management and general $20,246

• 24a · Other expenses: SUPPLIES

  total $1,076,382 · program services $1,076,033 · management and general $349 · fundraising $0

• 24b · Other expenses: MEALS & REFRESHMENTS

  total $900,744 · program services $900,744 · management and general $0 · fundraising $0

• 24c · Other expenses: PRIZES AND AWARD

  total $363,906 · program services $345,906 · management and general $18,000 · fundraising $0

• 24d · Other expenses: PUBLIC RELATIONS

  total $281,350 · program services $281,350 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $1,423,933 · program services $1,356,470 · management and general $67,463

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $320,345 · end of year $517,084

• 2 · Savings and temporary cash investments

  beginning of year $4,739,065 · end of year $2,100,858

• 3 · Pledges and grants receivable

  beginning of year $3,172,313 · end of year $5,857,676

• 4 · Accounts receivable

  beginning of year $1,035,889 · end of year $1,196,418

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $13,484

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

  $9,193,285

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

  $726,039

• 10c · Land, buildings and equipment, net

  beginning of year $8,611,181 · end of year $8,467,246

• 11 · Investments: publicly traded securities

  beginning of year $227,838,015 · end of year $252,503,157

• 12 · Investments: other securities

  beginning of year $17,494,015 · end of year $17,204,078

• 15 · Other assets

  beginning of year $2,241,458 · end of year $2,677,646

• 17 · Accounts payable and accrued expenses

  beginning of year $403,574 · end of year $711,983

• 25 · Other liabilities

  beginning of year $3,107,080 · end of year $2,233,157

• 27 · Net assets without donor restrictions

  beginning of year $62,437,847 · end of year $70,551,396

• 28 · Net assets with donor restrictions

  beginning of year $199,503,780 · end of year $217,041,111

The filer's explanations (Part III)

PART I, LINE 3

CAL POLY POMONA PHILANTHROPIC FOUNDATION DOES NOT HAVE ANY EMPLOYEES. CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA A RELATED ORGANIZATION, DOES COMPENSATE EMPLOYEES. CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA HAS A FORMAL COMPENSATION REVIEW POLICY.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUST (3)

  T · CA