Cal Poly Humboldt Foundation
- Assets
- $59.5m
- Revenue
- $10.9m
- Investments
- $4.0m
- Employees
- 0
- Location
- Arcata, CA
- Founding
- 03/1947
- Data as of
- 06/2023
- EIN
- 94-6077724
Organization Overview
Cal Poly Humboldt Foundation is located in Arcata, CA. The organization was established in 1947. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cal Poly Humboldt Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Cal Poly Humboldt Foundation generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $10.5m during the year ending 06/2023. While expenses have increased by 18.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXPERTISE, FIDUCIARY OVERSIGHT AND ADVOCACY TO INCREASE CHARITABLE GIVING AND MANAGE THE ENDOWMENT AND OTHER CHARITABLE FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES INCLUDE FORWARDING EARNINGS TO 155 SCHOLARSHIP FUNDS AND 56 CAMPUS PROGRAMS IN COMPLIANCE WITH ENDOWMENT RESTRICTIONS; ADMINISTERING 241 CHARITABLE ACCOUNTS DEDICATED TO UNIVERSITY PURPOSES; AND MANAGING 269 ENDOWED AND 1 NON-ENDOWED INVESTMENT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Whitlatch Executive Director & Secre | OfficerTrustee | 40 | $0 |
Jack Mcgurk Vice Chair | OfficerTrustee | 1 | $0 |
Jason Carlson Treasurer | OfficerTrustee | 1 | $0 |
Robin M Smith Chair | OfficerTrustee | 1 | $0 |
Tom Jackson Jr Cal Poly President | Trustee | 1 | $0 |
Eden Donahue Faculty Representative | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,300 |
| Related organizations | $600,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,175,371 |
| Noncash contributions included in lines 1a–1f | $928,294 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,781,671 |
| Total Program Service Revenue | $1,514,042 |
| Investment income | $1,653,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,731 |
| Net Gain/Loss on Asset Sales | -$1,102,347 |
| Net Income from Fundraising Events | $25,481 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,878,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,624,131 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $65,145 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,548 |
| Fees for services: Other | $661,521 |
| Advertising and promotion | $52,696 |
| Office expenses | $115,554 |
| Information technology | $55,687 |
| Royalties | $0 |
| Occupancy | $49,404 |
| Travel | $198,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,000 |
| Insurance | $42,598 |
| All other expenses | $147,868 |
| Total functional expenses | $10,477,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,914,577 |
| Savings and temporary cash investments | $5,566,191 |
| Pledges and grants receivable | $3,428,342 |
| Accounts receivable, net | $370,823 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,053,593 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,889,938 |
| Investments—publicly traded securities | $27,259,096 |
| Investments—other securities | $4,031,316 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,513,876 |
| Accounts payable and accrued expenses | $767,521 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,076,408 |
| Total liabilities | $5,843,929 |
| Net assets without donor restrictions | $3,596,503 |
| Net assets with donor restrictions | $50,073,444 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $59,513,876 |
Grants Awarded
Over the last fiscal year, Cal Poly Humboldt Foundation has awarded $3,523,828 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HUMBOLDT STATE UNIVERSITY PURPOSE: STUDENT AWARDS, STIPENDS & SCHOLARSHIPS | $3,508,828 |
REDWOOD REGION ECONOMIC DEVELOPMENT COMMISSION PURPOSE: TO PROMOTE AND DEVELOP INCREASED AIRLINE SERVICE TO HUMBOLDT COUNTY, CALIFORNIA | $15,000 |