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Nonprofiteer
← CAL POLY HUMBOLDT FOUNDATION

Form 990 for tax year 2023

Filed by CAL POLY HUMBOLDT FOUNDATION.

Totals

Total revenue
$17,318,140
Total expenses
$10,471,051
Contributions and grants received
$13,000,935
Grants paid
$7,500,073
Program service revenue
$1,517,952
Investment income
$2,774,534
Other revenue
$24,719
Total assets, end of year
$67,694,266
Total liabilities, end of year
$5,365,650
Net assets or fund balances, end of year
$62,328,616
Program services expenses (Part IX)
$9,445,099
Management and general expenses
$1,025,952
Fundraising expenses
$0
Program service expenses (Part III)
$9,445,099

Program services were 90.2% 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.

  • 1c · Fundraising events

    $69,591

  • 1f · All other contributions, gifts and grants

    $12,931,344

  • 1g · Noncash contributions included above

    $445,429

  • 2a · Program service revenue: COST RECOVERY

    total $834,818 · related or exempt $834,818

  • 2b · Program service revenue: OTHER CAMPUS ACTIVITES

    total $486,014 · related or exempt $486,014

  • 2c · Program service revenue: INDIRECT COST - TRUST

    total $197,120 · related or exempt $197,120

  • 3 · Investment income

    total $1,360,918 · excluded $1,360,918

  • 6a · Gross rents

    real property $1,480

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,480

  • 6d · Net rental income or loss

    total $1,480 · excluded $1,480

  • 7a · Gross sales of assets other than inventory

    securities $27,154,424 · other assets $1,005,803

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

    securities $25,740,808 · other assets $1,005,803

  • 7c · Gain or loss

    securities $1,413,616 · other assets $0

  • 7d · Net gain or loss

    total $1,413,616 · excluded $1,413,616

  • 8a · Fundraising events: gross income

    $145,958

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

    $69,591

  • 8b · Fundraising events: direct expenses

    $122,719

  • 8c · Net income from fundraising events

    total $23,239 · excluded $23,239

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,500,073 · program services $7,500,073

  • 11a · Fees: management

    total $120,136 · management and general $120,136

  • 11f · Fees: investment management

    total $106,196 · management and general $106,196

  • 11g · Fees: other

    total $553,262 · management and general $553,262

  • 12 · Advertising and promotion

    total $48,959 · program services $16,499 · management and general $32,460

  • 13 · Office expenses

    total $204,752 · program services $178,988 · management and general $25,764

  • 14 · Information technology

    total $141,937 · program services $43,297 · management and general $98,640

  • 16 · Occupancy

    total $69,864 · program services $62,112 · management and general $7,752

  • 17 · Travel

    total $181,727 · program services $178,688 · management and general $3,039

  • 22 · Depreciation, depletion and amortization

    total $54,811 · program services $20,000 · management and general $34,811

  • 23 · Insurance

    total $9,845 · management and general $9,845

  • 24a · Other expenses: ADMINSTRATIVE FEES

    total $694,601 · program services $694,601

  • 24b · Other expenses: HOSPITALITY

    total $301,793 · program services $275,820 · management and general $25,973

  • 24c · Other expenses: INDIRECT COSTS

    total $197,354 · program services $190,856 · management and general $6,498

  • 24d · Other expenses: MEMBERSHIPS

    total $14,163 · program services $14,163

  • 24e · All other expenses

    total $271,578 · program services $270,002 · management and general $1,576

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,914,577 · end of year $2,772,012

  • 2 · Savings and temporary cash investments

    beginning of year $5,566,191 · end of year $15,682,263

  • 3 · Pledges and grants receivable

    beginning of year $3,428,342 · end of year $7,083,796

  • 4 · Accounts receivable

    beginning of year $370,823 · end of year $313,150

  • 7 · Other notes and loans receivable

    beginning of year $14,053,593 · end of year $8,794,386

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

    $1,248,190

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

    $244,811

  • 10c · Land, buildings and equipment, net

    beginning of year $1,889,938 · end of year $1,003,379

  • 11 · Investments: publicly traded securities

    beginning of year $27,259,096 · end of year $28,096,991

  • 12 · Investments: other securities

    beginning of year $4,031,316 · end of year $3,948,289

  • 17 · Accounts payable and accrued expenses

    beginning of year $767,521 · end of year $1,526,141

  • 25 · Other liabilities

    beginning of year $5,076,408 · end of year $3,839,509

  • 27 · Net assets without donor restrictions

    beginning of year $3,596,503 · end of year $1,533,532

  • 28 · Net assets with donor restrictions

    beginning of year $50,073,444 · end of year $60,795,084

Mission and programs · 2023

Mission

SEE SCHEDULE OTHE CAL POLY HUMBOLDT FOUNDATION PROVIDES EXPERTISE, FIDUCIARY OVERSIGHT AND ADVOCACY TO INCREASE CHARITABLE GIVING AND MANAGE THE ENDOWMENT AND OTHER CHARITABLE FUNDS. THE FOUNDATION SERVES HUMBOLDT STATE UNIVERSITY IN SEVERAL WAYS: 1. STEWARD ASSETS - ENSURE THAT CONTRIBUTIONS ARE WELL INVESTED AND USED AS DONORS INTEND.2. DEPLOY ASSETS - ENSURE THAT CONTRIBUTED FUNDS ARE EFFICIENTLY DISTRIBUTED AND PRODUCTIVELY USED BY THE UNIVERSITY. 3. RAISE NEW ASSETS - ENGAGE IN THE FUNDRAISING PROCESS IN ORDER TO INCREASE AMOUNT AND QUALITY OF CHARITABLE CONTRIBUTIONS TO THE UNIVERSITY. 4. STRATEGIC ALIGNMENT - BE FAMILIAR WITH THE STRATEGIES AND DIRECTIONS OF THE UNIVERSITY AND PROVIDE COMMENTARY AND FEEDBACK TO UNIVERSITY LEADERSHIP. 5. ADVOCACY - SERVE AS SPOKESPERSON AND AMBASSADORS FOR THE UNIVERSITY.

Activities or mission (Part I)

TO PROVIDE EXPERTISE, FIDUCIARY OVERSIGHT AND ADVOCACY TO INCREASE CHARITABLE GIVING AND MANAGE THE ENDOWMENT AND OTHER CHARITABLE FUNDS.

  • SERVICES INCLUDE FORWARDING EARNINGS TO 173 SCHOLARSHIP FUNDS AND 72 CAMPUS PROGRAMS IN COMPLIANCE WITH ENDOWMENT RESTRICTIONS; ADMINISTERING 335 CHARITABLE ACCOUNTS DEDICATED TO UNIVERSITY PURPOSES; AND MANAGING 277 ENDOWED AND 1 NON-ENDOWED INVESTMENT ACCOUNTS.

    Expenses $9,445,099 · Grants $7,500,073 · Revenue $1,517,952

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

Listed in Part VII

  • Frank Whitlatch

    EXEC DIRECTOR & SECRETARY

    Total calculated
    $378,363
    From this org
    $0
    From related orgs
    $265,494
    Other
    $112,869
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,494 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $84,914 related
    Nontaxable benefits
    $0 + $27,955 related
    Filer's total
    $0 + $378,363 related

  • Jack McGurk

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jason Carlson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Robin M Smith

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Jackson Jr

    CAL POLY PRESIDENT

    Total calculated
    $602,154
    From this org
    $0
    From related orgs
    $447,728
    Other
    $154,426
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,728 related
    Bonus
    $0
    Other
    $0 + $62,000 related
    Deferred
    $0 + $126,768 related
    Nontaxable benefits
    $0 + $27,658 related
    Filer's total
    $0 + $602,154 related

  • Eden Donahue

    FACULTY REPRESENTATIVE

    Total calculated
    $175,212
    From this org
    $0
    From related orgs
    $112,492
    Other
    $62,720
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $112,492 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,779 related
    Nontaxable benefits
    $0 + $27,941 related
    Filer's total
    $0 + $175,212 related

  • Jennifer Harris

    MEMBER/PAST BOARD CHAIR THRU 10/2023

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carin Kaltschmidt

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Keller

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ken Fulgham

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kurt Fraese

    MEMBER THRU 10/2023

    Total calculated
    $0
    Hours/week
    1

  • Philip Anton

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Hunt

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robin Quigley

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carla Ho'A

    STAFF REPRESENTATIVE THRU 4/2024

    Total calculated
    $61,526
    From this org
    $0
    From related orgs
    $61,526
    Other
    $0
    Hours/week
    1 + 39 related

  • Sherie Gordon

    STAFF REPRESENTATIVE

    Total calculated
    $339,815
    From this org
    $0
    From related orgs
    $271,296
    Other
    $68,519
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,296 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $46,733 related
    Nontaxable benefits
    $0 + $21,786 related
    Filer's total
    $0 + $339,815 related

  • Jordan Kemme

    STUDENT REPRESENTATIVE

    Total calculated
    $5,253
    From this org
    $0
    From related orgs
    $5,253
    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
  • 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 1, LINE 3
THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY CAL POLY HUMBOLDT UNIVERSITY. THE EXECUTIVE DIRECTOR HAS A WRITTEN EMPLOYMENT CONTRACT WITH CAL POLY HUMBOLDT UNIVERSITY. IN ADDITION, A COMPENSATION SURVEY OR STUDY WAS USED TO DETERMINE THE EXECUTIVE DIRECTOR'S 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

  • CAL POLY HUMBOLDT

    $7,500,073

    STUDENT AWARDS, STIPENDS & SCHOLARSHIPS

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349305587

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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