Form 990 for tax year 2022
Filed by CAL POLY POMONA PHILANTHROPIC FOUNDATION.
Totals
- Total revenue
- $8,048,667
- Total expenses
- $13,598,241
- Contributions and grants received
- $14,873,020
- Grants paid
- $6,271,810
- Program service revenue
- $59,509
- Investment income
- -$6,630,617
- Other revenue
- -$253,245
- Total assets, end of year
- $233,128,639
- Total liabilities, end of year
- $1,954,301
- Net assets or fund balances, end of year
- $231,174,338
- Program services expenses (Part IX)
- $12,438,560
- Management and general expenses
- $1,159,681
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,438,560
Program services were 91.5% 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
$632,684
-
1d · Related organizations
$289,087
-
1f · All other contributions, gifts and grants
$13,951,249
-
1g · Noncash contributions included above
$7,307,199
-
2a · Program service revenue: PROGRAM INCOME
total $59,509 · related or exempt $59,509
-
3 · Investment income
total $5,820,828 · excluded $5,820,828
-
7a · Gross sales of assets other than inventory
securities $88,287,622
-
7b · Less cost or other basis and sales expenses
securities $100,739,067
-
7c · Gain or loss
securities -$12,451,445
-
7d · Net gain or loss
total -$12,451,445 · excluded -$12,451,445
-
8a · Fundraising events: gross income
$268,070
-
8a · Fundraising events: contributions included on line 1c
$632,684
-
8b · Fundraising events: direct expenses
$521,315
-
8c · Net income from fundraising events
total -$253,245 · excluded -$253,245
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,032,536 · program services $3,032,536
-
2 · Grants to domestic individuals
total $3,239,274 · program services $3,239,274
-
7 · Other salaries and wages
total $1,743,023 · program services $1,337,346 · management and general $405,677
-
9 · Other employee benefits
total $13,583 · program services $13,583
-
10 · Payroll taxes
total $24,849 · program services $24,849
-
11f · Fees: investment management
total $603,524 · management and general $603,524
-
11g · Fees: other
total $1,323,027 · program services $1,305,464 · management and general $17,563
-
12 · Advertising and promotion
total $37,875 · program services $37,875
-
13 · Office expenses
total $189,461 · program services $189,461
-
14 · Information technology
total $90,953 · program services $90,953
-
17 · Travel
total $464,301 · program services $451,276 · management and general $13,025
-
19 · Conferences, conventions and meetings
total $66,645 · program services $66,645
-
22 · Depreciation, depletion and amortization
total $139,435 · program services $139,435
-
23 · Insurance
total $22,953 · program services $11,504 · management and general $11,449
-
24a · Other expenses: SUPPLIES
total $698,019 · program services $698,019 · management and general $0 · fundraising $0
-
24b · Other expenses: MEALS/ENTERTAINMENT
total $655,498 · program services $655,498 · management and general $0 · fundraising $0
-
24c · Other expenses: EQUIPMENT/SOFTWARE
total $221,581 · program services $221,581 · management and general $0 · fundraising $0
-
24d · Other expenses: RENTAL/CONFERENCE
total $186,011 · program services $186,011 · management and general $0 · fundraising $0
-
24e · All other expenses
total $845,693 · program services $737,250 · management and general $108,443
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $277,803 · end of year $977,247
-
2 · Savings and temporary cash investments
beginning of year $1,978,570 · end of year $2,092,249
-
3 · Pledges and grants receivable
beginning of year $4,882,134 · end of year $3,782,233
-
4 · Accounts receivable
beginning of year $443,598 · end of year $608,034
-
10a · Land, buildings and equipment: cost or other basis
$9,148,284
-
10b · Land, buildings and equipment: accumulated depreciation
$441,544
-
10c · Land, buildings and equipment, net
beginning of year $8,846,175 · end of year $8,706,740
-
11 · Investments: publicly traded securities
beginning of year $173,356,097 · end of year $200,647,763
-
12 · Investments: other securities
beginning of year $18,231,074 · end of year $14,239,081
-
15 · Other assets
beginning of year $4,736,005 · end of year $2,075,292
-
17 · Accounts payable and accrued expenses
beginning of year $370,190 · end of year $104,114
-
25 · Other liabilities
beginning of year $1,272,983 · end of year $1,850,187
-
27 · Net assets without donor restrictions
beginning of year $53,058,150 · end of year $53,953,008
-
28 · Net assets with donor restrictions
beginning of year $158,050,133 · end of year $177,221,330
Mission and programs · 2022
Mission
TO SUPPORT AND ADVANCE THE MISSION OF CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA. TO FULFILL ITS MISSION, THE PHILANTHROPIC FOUNDATION PROMOTES, SECURES AND STEWARDS PRIVATE SUPPORT FOR THE UNIVERSITY THROUGH THE RECEIPT AND MANAGEMENT OF GIFT ASSETS, INCLUDING ENDOWMENT AND PROGRAM FUNDS.
Activities or mission (Part I)
TO PROMOTE, SECURE AND STEWARD PRIVATE SUPPORT FOR THE UNIVERSITY.
-
CREATION OF NEW ENDOWED FUNDS: NEW ENDOWED FUNDS ARE CREATED WHEN A DONOR PROVIDES A MINIMUM OF $50,000 OF FUNDING TOWARDS A SPECIFIC PROJECT OR SCHOLARSHIP. THE DONOR STIPULATES, AND THE FOUNDATION AGREES THAT THE ORIGINAL AMOUNT OF THE CONTRIBUTION WILL BE INVESTED AND A CERTAIN PERCENTAGE OF THE GIFT FUNDS WILL BE SPENT EACH YEAR.
Expenses $4,761,250 · Grants $164,603
-
SCHOLARSHIPS: SCHOLARSHIPS PROVIDE FINANCIAL SUPPORT FOR QUALIFIED STUDENTS. RECIPIENTS ARE SELECTED BASED ON CRITERIA ESTABLISHED BY THE DONOR. THAT COULD INCLUDE DEMONSTRATED FINANCIAL NEED OR FOR THOSE WITH A CERTAIN GPA WITHIN A PARTICULAR AREA OF STUDY.
Expenses $2,683,101 · Grants $2,683,101
-
STUDENT SUPPORT: SUPPORT COMES IN MANY FORMS INCLUDING EQUIPMENT USED IN LAB CLASSES, SUPPLIES NEEDED IN A CLASSROOM, AND TRAVEL EXPENSES RELATED TO CONFERENCES AND SEMINARS.
Expenses $4,994,209 · Grants $3,424,106 · Revenue $59,509
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ahmed A Al-KhatibAHMED A AL-KHATIB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Aliza OrtegaALIZA ORTEGA
ASI PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Brett D BerglundBRETT D BERGLUND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Daniel E MontplaisirDANIEL E MONTPLAISIR
CEO & DIRECTOR - TERM MARCH 2023
- Total calculated
- $297,102
- From this org
- $0
- From related orgs
- $253,616
- Other
- $43,486
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $253,616 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $39,715 related
- Nontaxable benefits
- $0 + $3,771 related
- Filer's total
- $0 + $297,102 related
-
David P SingelynDAVID P SINGELYN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Diane G MillerDIANE G MILLER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Dorothy L RobertsDOROTHY L ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Douglas D NelsonDOUGLAS D NELSON
COO & DIRECTOR
- Total calculated
- $256,275
- From this org
- $0
- From related orgs
- $195,626
- Other
- $60,649
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $195,626 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $40,611 related
- Nontaxable benefits
- $0 + $20,038 related
- Filer's total
- $0 + $256,275 related
-
Frances TevesFRANCES TEVES
CEO & DIRECTOR - START MARCH 2023
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
Ganpat I PatelGANPAT I PATEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Jawaad MalikJAWAAD MALIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
John J ResichJOHN J RESICH
FINANCE AND INVESTMENT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Kristin S CrellinKRISTIN S CRELLIN
NOMINATIONS AND GOVERNANCE
- Total calculated
- $0
- Hours/week
- 5
-
Lawrence M GatesLAWRENCE M GATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Majed R MuhtasebMAJED R MUHTASEB
DIRECTOR
- Total calculated
- $209,745
- From this org
- $0
- From related orgs
- $142,100
- Other
- $67,645
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $142,100 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $42,427 related
- Nontaxable benefits
- $0 + $25,218 related
- Filer's total
- $0 + $209,745 related
-
Maria I AlvarezMARIA I ALVAREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Michele L GendreauMICHELE L GENDREAU
DEVELOPMENT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Rodolfo DuranRODOLFO DURAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Sanford L SmithSANFORD L SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Scott SchorkSCOTT SCHORK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Sean YuSEAN YU
AUDIT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Soraya M ColeySORAYA M COLEY
UNIVERSITY PRESIDENT & DIRECTOR
- Total calculated
- $589,231
- From this org
- $0
- From related orgs
- $472,160
- Other
- $117,071
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $472,160 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $96,874 related
- Nontaxable benefits
- $0 + $20,197 related
- Filer's total
- $0 + $589,231 related
-
Susan K Kellogg-BellSUSAN K KELLOGG-BELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Walter AllenWALTER ALLEN
ALUMNI ASSOCIATE REPRESENT
- Total calculated
- $0
- Hours/week
- 5
-
Wendy M RogersWENDY M ROGERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Winny DongWINNY DONG
SECRETARY & FACULTY REPRESENTATIVE
- Total calculated
- $205,116
- From this org
- $0
- From related orgs
- $137,836
- Other
- $67,280
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $137,836 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $41,085 related
- Nontaxable benefits
- $0 + $26,195 related
- Filer's total
- $0 + $205,116 related
-
Ysabel D TrinidadYSABEL D TRINIDAD
CFO & DIRECTOR
- Total calculated
- $420,173
- From this org
- $0
- From related orgs
- $308,116
- Other
- $112,057
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $308,116 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $92,019 related
- Nontaxable benefits
- $0 + $20,038 related
- Filer's total
- $0 + $420,173 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
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 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.
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 POMONA FOUNDATION INC
$246,398
CHARITABLE
-
CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA
$0
SUPPORT THE UNIVERSITY
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 POMONA FOUNDATION INC
501(C)(3) · ENTERPRISE OPERATIONS FOR CPP & BOOKKEEPING/ACCOUNT MANAGEMENT FOR CPP-PF · CA
-
CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA
115 · HIGHER EDUCATION · CA
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 (3)
T · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333259349301308
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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