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Nonprofiteer
← CAL POLY POMONA FOUNDATION INC

Form 990 for tax year 2023

Filed by CAL POLY POMONA FOUNDATION INC.

Totals

Total revenue
$97,840,823
Total expenses
$95,107,821
Contributions and grants received
$22,077,519
Grants paid
$4,213,711
Program service revenue
$75,026,567
Investment income
$736,737
Other revenue
$0
Total assets, end of year
$214,322,565
Total liabilities, end of year
$145,283,533
Net assets or fund balances, end of year
$69,039,032
Program services expenses (Part IX)
$78,990,848
Management and general expenses
$16,116,973
Fundraising expenses
$0
Program service expenses (Part III)
$78,990,848

Program services were 83.1% 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.

  • 1d · Related organizations

    $879,986

  • 1e · Government grants (contributions)

    $20,166,402

  • 1f · All other contributions, gifts and grants

    $1,031,131

  • 2a · Program service revenue: ENTERPRISE ACTIVITIES

    total $54,011,524 · related or exempt $51,797,004 · unrelated business $2,214,520

  • 2b · Program service revenue: REAL ESTATE ACTIVITIES

    total $11,638,090 · related or exempt $9,029,475 · unrelated business $2,608,615

  • 2c · Program service revenue: EDUCATIONAL ACTIVITIES

    total $9,376,953 · related or exempt $8,203,528 · unrelated business $1,173,425

  • 3 · Investment income

    total $1,265,285 · unrelated business $1,800 · excluded $1,263,485

  • 7a · Gross sales of assets other than inventory

    securities $13,431,408

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

    securities $13,959,956

  • 7c · Gain or loss

    securities -$528,548

  • 7d · Net gain or loss

    total -$528,548 · excluded -$528,548

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $224,273 · program services $224,273

  • 2 · Grants to domestic individuals

    total $3,989,438 · program services $3,989,438

  • 5 · Compensation of officers, directors and key employees

    total $1,173,152 · management and general $1,173,152

  • 7 · Other salaries and wages

    total $26,161,263 · program services $23,188,794 · management and general $2,972,469

  • 8 · Pension plan contributions

    total $2,000,291 · program services $1,239,310 · management and general $760,981

  • 9 · Other employee benefits

    total $6,048,041 · program services $3,949,550 · management and general $2,098,491

  • 10 · Payroll taxes

    total $1,620,847 · program services $1,330,504 · management and general $290,343

  • 11b · Fees: legal

    total $21,633 · program services $800 · management and general $20,833

  • 11c · Fees: accounting

    total $254,208 · program services $121,790 · management and general $132,418

  • 11f · Fees: investment management

    total $118,991 · management and general $118,991

  • 11g · Fees: other

    total $4,185,893 · program services $3,217,367 · management and general $968,526

  • 12 · Advertising and promotion

    total $553,099 · program services $362,797 · management and general $190,302

  • 13 · Office expenses

    total $4,581,326 · program services $4,224,618 · management and general $356,708

  • 14 · Information technology

    total $1,290,877 · program services $749,130 · management and general $541,747

  • 15 · Royalties

    total $1,015,658 · program services $320,563 · management and general $695,095

  • 16 · Occupancy

    total $7,093,855 · program services $4,653,927 · management and general $2,439,928

  • 17 · Travel

    total $965,560 · program services $857,088 · management and general $108,472

  • 19 · Conferences, conventions and meetings

    total $76,375 · program services $63,083 · management and general $13,292

  • 20 · Interest

    total $1,228,757 · program services $1,227,991 · management and general $766

  • 22 · Depreciation, depletion and amortization

    total $3,858,400 · program services $2,814,460 · management and general $1,043,940

  • 23 · Insurance

    total $830,498 · program services $491,432 · management and general $339,066

  • 24a · Other expenses: COST OF GOODS SOLD

    total $19,640,631 · program services $19,640,631

  • 24b · Other expenses: INDIRECT COST

    total $4,213,547 · program services $2,849,839 · management and general $1,363,708

  • 24c · Other expenses: MEALS AND REFRESHMENTS

    total $973,258 · program services $810,941 · management and general $162,317

  • 24d · Other expenses: LAUNDRY

    total $193,977 · program services $193,977

  • 24e · All other expenses

    total $2,793,973 · program services $2,468,545 · management and general $325,428

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $181,611 · end of year $1,470,905

  • 2 · Savings and temporary cash investments

    beginning of year $15,638,238 · end of year $2,859,541

  • 3 · Pledges and grants receivable

    beginning of year $2,697,823 · end of year $3,425,454

  • 4 · Accounts receivable

    beginning of year $12,432,992 · end of year $22,450,893

  • 8 · Inventories for sale or use

    beginning of year $1,788,820 · end of year $1,521,301

  • 9 · Prepaid expenses and deferred charges

    beginning of year $251,613 · end of year $220,790

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

    $66,499,313

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

    $46,447,888

  • 10c · Land, buildings and equipment, net

    beginning of year $20,419,636 · end of year $20,051,425

  • 11 · Investments: publicly traded securities

    beginning of year $26,694,202 · end of year $36,909,873

  • 12 · Investments: other securities

    beginning of year $6,283,435 · end of year $7,463,259

  • 14 · Intangible assets

    beginning of year $18,019,696 · end of year $16,306,584

  • 15 · Other assets

    beginning of year $104,654,019 · end of year $101,642,540

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,482,319 · end of year $5,910,510

  • 18 · Grants payable

    beginning of year $3,320,909 · end of year $3,366,792

  • 19 · Deferred revenue

    beginning of year $1,970,160 · end of year $1,771,244

  • 25 · Other liabilities

    beginning of year $137,348,713 · end of year $134,234,987

  • 27 · Net assets without donor restrictions

    beginning of year $40,733,947 · end of year $49,253,173

  • 28 · Net assets with donor restrictions

    beginning of year $21,206,037 · end of year $19,785,859

Mission and programs · 2023

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 OPPORTUNITIES 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 $20,271,057 · Revenue $20,385,623

  • 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 SUPPORTS FACULTY EFFORTS TO IDENTIFY THE COURSE MATERIALS THAT ARE MOST ADVANTAGEOUS FOR STUDENT LEARNING AND COMPLETION. STAFF TAKE PRIDE IN DEVELOPING STUDENT EMPLOYEES WITH CO-CURRICULAR EXPERIENCES THAT ENHANCE THEIR CLASSROOM LEARNING.

    Expenses $14,854,670 · Revenue $15,437,158

  • 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 $9,158,779 · Revenue $11,766,692

  • OTHER PROGRAM SERVICES

    Expenses $34,706,342 · Grants $4,213,711 · Revenue $21,440,534

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SORAYA M COLEY

    CHAIR (UNTIL 5/24)/DIR. (AS OF 5/24)

    Total calculated
    $627,034
    From this org
    $0
    From related orgs
    $461,629
    Other
    $165,405
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $461,355 related
    Bonus
    $0
    Other
    $0 + $274 related
    Deferred
    $0 + $143,793 related
    Nontaxable benefits
    $0 + $21,612 related
    Filer's total
    $0 + $627,034 related

  • YSABEL D TRINIDAD

    CHAIR (AS OF 5/24)

    Total calculated
    $441,757
    From this org
    $0
    From related orgs
    $318,190
    Other
    $123,567
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,066 related
    Bonus
    $0
    Other
    $0 + $124 related
    Deferred
    $0 + $101,781 related
    Nontaxable benefits
    $0 + $21,786 related
    Filer's total
    $0 + $441,757 related

  • JOHN W MCGUTHRY

    SECRETARY/TREASURER (AS OF 5/24)

    Total calculated
    $387,624
    From this org
    $0
    From related orgs
    $277,180
    Other
    $110,444
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,056 related
    Bonus
    $0
    Other
    $0 + $124 related
    Deferred
    $0 + $88,658 related
    Nontaxable benefits
    $0 + $21,786 related
    Filer's total
    $0 + $387,624 related

  • TERRI GOMEZ

    DIRECTOR

    Total calculated
    $347,035
    From this org
    $0
    From related orgs
    $241,777
    Other
    $105,258
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,653 related
    Bonus
    $0
    Other
    $0 + $124 related
    Deferred
    $0 + $77,329 related
    Nontaxable benefits
    $0 + $27,929 related
    Filer's total
    $0 + $347,035 related

  • CHRISTINA GONZALES

    VICE CHAIR (AS OF 5/24)

    Total calculated
    $342,136
    From this org
    $0
    From related orgs
    $284,392
    Other
    $57,744
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,268 related
    Bonus
    $0
    Other
    $0 + $124 related
    Deferred
    $0 + $46,733 related
    Nontaxable benefits
    $0 + $11,011 related
    Filer's total
    $0 + $342,136 related

  • FRANCES TEVES

    DIRECTOR

    Total calculated
    $325,304
    From this org
    $2,500
    From related orgs
    $242,979
    Other
    $79,825
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $2,500 + $242,855 related
    Bonus
    $0
    Other
    $0 + $124 related
    Deferred
    $0 + $77,713 related
    Nontaxable benefits
    $0 + $2,112 related
    Filer's total
    $2,500 + $322,804 related

  • JARED CEJA

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $302,346
    From this org
    $232,116
    From related orgs
    $0
    Other
    $70,230
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,116
    Bonus
    $0
    Other
    $0
    Deferred
    $39,791
    Nontaxable benefits
    $30,439
    Filer's total
    $302,346

  • AARON NEILSON

    DIRECTOR OF DINING

    Total calculated
    $238,381
    From this org
    $169,915
    From related orgs
    $0
    Other
    $68,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,915
    Bonus
    $0
    Other
    $0
    Deferred
    $39,606
    Nontaxable benefits
    $28,860
    Filer's total
    $238,381

  • PHYLLIS NELSON

    DIRECTOR

    Total calculated
    $218,097
    From this org
    $0
    From related orgs
    $156,901
    Other
    $61,196
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,828 related
    Bonus
    $0
    Other
    $0 + $73 related
    Deferred
    $0 + $50,185 related
    Nontaxable benefits
    $0 + $11,011 related
    Filer's total
    $0 + $218,097 related

  • RANDY WALLACE JR

    DIRECTOR REAL ESTATE & FACILITIES

    Total calculated
    $211,782
    From this org
    $153,148
    From related orgs
    $0
    Other
    $58,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,148
    Bonus
    $0
    Other
    $0
    Deferred
    $29,444
    Nontaxable benefits
    $29,190
    Filer's total
    $211,782

  • HOMEYRA SADAGHIANI

    DIRECTOR

    Total calculated
    $206,931
    From this org
    $2,649
    From related orgs
    $140,622
    Other
    $63,660
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $2,649 + $140,515 related
    Bonus
    $0
    Other
    $0 + $107 related
    Deferred
    $0 + $41,892 related
    Nontaxable benefits
    $0 + $21,768 related
    Filer's total
    $2,649 + $204,282 related

  • JOANNE MATHEW

    CHIEF FINANCIAL OFFICER (UNTIL 3/24)

    Total calculated
    $202,126
    From this org
    $161,991
    From related orgs
    $0
    Other
    $40,135
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,991
    Bonus
    $0
    Other
    $0
    Deferred
    $12,018
    Nontaxable benefits
    $28,117
    Filer's total
    $202,126

  • CLINT AASE

    DIRECTOR OF BOOKSTORE

    Total calculated
    $190,750
    From this org
    $147,818
    From related orgs
    $0
    Other
    $42,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,818
    Bonus
    $0
    Other
    $0
    Deferred
    $29,438
    Nontaxable benefits
    $13,494
    Filer's total
    $190,750

  • RICARDO QUINTERO

    EXECUTIVE DIRECTOR OF TRIO

    Total calculated
    $181,116
    From this org
    $134,740
    From related orgs
    $0
    Other
    $46,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,740
    Bonus
    $0
    Other
    $0
    Deferred
    $17,720
    Nontaxable benefits
    $28,656
    Filer's total
    $181,116

  • DAVID CORRAL

    ASSOCIATE DIRECTOR, DINING SERIVCES

    Total calculated
    $173,998
    From this org
    $131,280
    From related orgs
    $0
    Other
    $42,718
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,280
    Bonus
    $0
    Other
    $0
    Deferred
    $13,334
    Nontaxable benefits
    $29,384
    Filer's total
    $173,998

  • THOMAS SEKAYAN

    CHIEF OPERATING OFFICER

    Total calculated
    $159,407
    From this org
    $142,208
    From related orgs
    $0
    Other
    $17,199
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,208
    Bonus
    $0
    Other
    $0
    Deferred
    $10,747
    Nontaxable benefits
    $6,452
    Filer's total
    $159,407

  • SHARI BENSON

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $156,483
    From this org
    $139,774
    From related orgs
    $0
    Other
    $16,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,774
    Bonus
    $0
    Other
    $0
    Deferred
    $10,514
    Nontaxable benefits
    $6,195
    Filer's total
    $156,483

  • DAVID LAXAMANA

    DIRECTOR OF UNIVERSITY VILLAGE

    Total calculated
    $156,425
    From this org
    $114,664
    From related orgs
    $0
    Other
    $41,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,664
    Bonus
    $0
    Other
    $0
    Deferred
    $15,077
    Nontaxable benefits
    $26,684
    Filer's total
    $156,425

  • APRIL JIMENEZ-VALADEZ

    DIRECTOR

    Total calculated
    $116,875
    From this org
    $0
    From related orgs
    $67,392
    Other
    $49,483
    Hours/week
    0.5 + 39.5 related

  • STEPHANIE PASTOR

    DIRECTOR

    Total calculated
    $111,641
    From this org
    $0
    From related orgs
    $77,083
    Other
    $34,558
    Hours/week
    0.5 + 39.5 related

  • KRIS ZOLETA

    DIRECTOR

    Total calculated
    $85,877
    From this org
    $0
    From related orgs
    $56,726
    Other
    $29,151
    Hours/week
    0.5 + 39.5 related

  • MEGAN SHADRICK

    DIRECTOR

    Total calculated
    $8,038
    From this org
    $8,038
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 5 related

  • TARIQ MARJI

    INTERIM CFO (AS OF 4/24)

    Total calculated
    $0
    Hours/week
    40

  • MARTIN SANCHO-MADRIZ

    SECRETARY/TREASURER (UNTIL 5/24)

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

  • MAYRA BROWN

    AT-LARGE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ERICA FRAUSTO-AGUADO

    AT-LARGE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID SPEAK

    AT-LARGE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RUBY SUCHECKI

    AT-LARGE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARYANN TOLANO LEVEQUE

    AT-LARGE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ALISON A BASKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JENNIFER BROWN

    DIRECTOR (UNTIL 12/23)

    Total calculated
    $0
    Hours/week
    0.5

  • DANIEL FONCELLO

    DIRECTOR (UNTIL 7/23)

    Total calculated
    $0
    Hours/week
    0.5

  • EMILY HAN

    DIRECTOR (UNTIL 7/23)

    Total calculated
    $0
    Hours/week
    0.5

  • RITA KUMAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CYNTHIA NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • LOWELL OVERTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ANISSA S PATEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • OLIVER SANTOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CADE WHEELER

    DIRECTOR (UNTIL 5/24)

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

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 · Compensation survey or study
  • 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.

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 · CHARITABLE REMAINDER TRUST · CA

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501349349302595

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