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Nonprofiteer
← CAL POLY CORPORATION VEBA TR

Form 990 for tax year 2023

Filed by CAL POLY CORPORATION VEBA TR.

Totals

Total revenue
$1,591,683
Total expenses
$1,694,380
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$311,580
Investment income
$1,280,103
Other revenue
$0
Total assets, end of year
$27,311,887
Total liabilities, end of year
$28,458
Net assets or fund balances, end of year
$27,283,429
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $311,580 · related or exempt $311,580

  • 3 · Investment income

    total $817,765 · excluded $817,765

  • 7a · Gross sales of assets other than inventory

    securities $1,797,000

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

    securities $1,334,662

  • 7c · Gain or loss

    securities $462,338

  • 7d · Net gain or loss

    total $462,338 · excluded $462,338

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,620,243

  • 5 · Compensation of officers, directors and key employees

    total $5,132

  • 11c · Fees: accounting

    total $14,465

  • 11f · Fees: investment management

    total $53,156

  • 11g · Fees: other

    total $1,384

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $162,455 · end of year $191,382

  • 4 · Accounts receivable

    beginning of year $22 · end of year $23

  • 11 · Investments: publicly traded securities

    beginning of year $26,085,236 · end of year $27,120,482

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,988 · end of year $28,458

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $26,233,725 · end of year $27,283,429

Mission and programs · 2023

Mission

TO PROVIDE AN ENTITY FOR PAYING FUNDS FOR CERTAIN OTHER POST-EMPLOYMENT BENEFITS ON BEHALF OF ELIGIBLE RETIREES AND THEIR DEPENDENTS.

Activities or mission (Part I)

PAYING CERTAIN OTHER POST-EMPLOYMENT BENEFITS FOR ELIGIBLE RETIREES AND THEIR DEPENDENTS.

  • PAYING CERTAIN OTHER POST-EMPLOYMENT BENEFITS ON BEHALF OF ELIGIBLE RETIREES AND THEIR DEPENDENTS.

As filed on the 2023 return.

Listed in Part VII

  • Dan Banfield

    CHIEF ADMINISTRATOR

    Total calculated
    $268,309
    From this org
    $0
    From related orgs
    $231,651
    Other
    $36,658
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,127 related
    Bonus
    $0 + $5,500 related
    Other
    $0 + $24 related
    Deferred
    $0 + $13,077 related
    Nontaxable benefits
    $0 + $23,581 related
    Filer's total
    $0 + $268,309 related

  • Joe Alves

    SECRETARY

    Total calculated
    $156,481
    From this org
    $0
    From related orgs
    $122,657
    Other
    $33,824
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $111,409 related
    Bonus
    $0 + $3,000 related
    Other
    $0 + $8,248 related
    Deferred
    $0 + $10,420 related
    Nontaxable benefits
    $0 + $23,404 related
    Filer's total
    $0 + $156,481 related

  • Tiffany Kramlich

    CPC BENEFITS COMMITTEE MBR

    Total calculated
    $193,507
    From this org
    $0
    From related orgs
    $170,487
    Other
    $23,020
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,432 related
    Bonus
    $0 + $8,000 related
    Other
    $0 + $55 related
    Deferred
    $0 + $13,240 related
    Nontaxable benefits
    $0 + $9,780 related
    Filer's total
    $0 + $193,507 related

  • Russell Monteath

    CPC BENEFITS COMMITTEE MBR

    Total calculated
    $144,190
    From this org
    $0
    From related orgs
    $129,722
    Other
    $14,468
    Hours/week
    1 + 40 related

  • Julia Perez

    CPC BENEFITS COMMITTEE MBR

    Total calculated
    $119,559
    From this org
    $0
    From related orgs
    $88,468
    Other
    $31,091
    Hours/week
    1 + 40 related

  • Us Bank Inst'L Trust & Custody

    TRUSTEE, NONVOTING

    Total calculated
    $5,132
    From this org
    $5,132
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations 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.

  • CAL POLY CORPORATION

    501(C)(3) · SERVICES AND FACILITIES INTEGRAL TO EDUCATIONAL MISSION OF CPSU · CA

  • CALIFORNIA POLYTECHNIC STATE UNIVERSITY SAN LUIS OBISPO

    115 · STATE UNIVERSITY - VEBA FORMED TO SUPPORT CPC, AUXILIARY OF CPSU · CA

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349305042

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