Cal Poly Corporation
- Assets
- $241.7m
- Revenue
- $93.9m
- Investments
- $4.2k
- Employees
- 2,926
- Location
- San Luis Obispo, CA
- Founding
- 03/1942
- Data as of
- 06/2022
- EIN
- 95-1648180
Organization Overview
Cal Poly Corporation is located in San Luis Obispo, CA. The organization was established in 1942. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Cal Poly Corporation employed 2,926 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cal Poly Corporation 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 06/2022, Cal Poly Corporation generated $93.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $80.9m during the year ending 06/2022. While expenses have increased by 2.7% 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.
Since 2015, Cal Poly Corporation has awarded 227 individual grants totaling $61,522,599. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE UNIVERSITY WITH CERTAIN SERVICES AND FACILITIES WHICH ARE AN INTEGRAL PART OF THE EDUCATIONAL PROGRAM OF THE UNIVERSITY.
Describe the Organization's Program Activity:
RESEARCH GRANTS & CONTRACTS: EXTERNALLY SPONSORED PROJECTS ADMINISTERED BY THE CORPORATION FOR BENEFIT OF THE UNIVERSITY.
EDUCATIONAL CONFERENCES AND WORKSHOPS
RESTRICTED AND DESIGNATED FUNDS: GIFTS AND SPECIAL ACTIVITY ACCOUNTS THAT ARE RESTRICTED OR DESIGNATED FOR SUPPORT OF UNIVERSITY PROGRAMS.
EDUCATIONAL BOOKSTORE: PROVIDED BOOKS, LEARNING MATERIALS AND EQUIPMENT FOR THE UNIVERSITY STUDENTS AND FACULTY/STAFF; CAMPUS DINING SERVICES FOR UNIVERSITY STUDENTS AND FACULTY; AGRICULTURE PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Villa Chair | OfficerTrustee | 4 | $0 |
Cynthia Jackson-Elmoore Vice Chair | OfficerTrustee | 4 | $0 |
Andrew Thulin Secretary/treasurer | OfficerTrustee | 4 | $0 |
Cara Crye Director | Trustee | 4 | $0 |
Cole Dorris Director | Trustee | 4 | $0 |
Marissa Hiji Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Dining Services Management Services | 6/29/22 | $568,817 |
Mse Environmental Inc Environmental Services | 6/29/22 | $712,002 |
Maino Construction Company Inc Construction Management | 6/29/22 | $1,509,419 |
Belfor Environmental Inc Environmental Services | 6/29/22 | $413,429 |
Cbord Group Inc Technology Services | 6/29/22 | $370,398 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $302,875 |
| Related organizations | $3,858,643 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,766,888 |
| Noncash contributions included in lines 1a–1f | $516,865 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,928,406 |
| Total Program Service Revenue | $46,477,158 |
| Investment income | $1,965,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$183,577 |
| Net Gain/Loss on Asset Sales | $590,056 |
| Net Income from Fundraising Events | $163,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $26,994,086 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,935,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,488,187 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $146,164 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $325,679 |
| Compensation of current officers, directors, key employees. | $325,679 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,547,264 |
| Pension plan accruals and contributions | $1,106,886 |
| Other employee benefits | $4,216,168 |
| Payroll taxes | $2,006,309 |
| Fees for services: Management | $2,290 |
| Fees for services: Legal | $184,927 |
| Fees for services: Accounting | $127,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $194,038 |
| Fees for services: Other | $6,081,950 |
| Advertising and promotion | $289,362 |
| Office expenses | $238,015 |
| Information technology | $439,425 |
| Royalties | $501,106 |
| Occupancy | $1,678,099 |
| Travel | $661,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,890 |
| Interest | $1,505,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,609,819 |
| Insurance | $367,957 |
| All other expenses | $3,058,994 |
| Total functional expenses | $80,944,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,519 |
| Savings and temporary cash investments | $26,764,767 |
| Pledges and grants receivable | $16,897,934 |
| Accounts receivable, net | $5,651,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,374,587 |
| Inventories for sale or use | $1,848,244 |
| Prepaid expenses and deferred charges | $1,075,977 |
| Net Land, buildings, and equipment | $93,522,842 |
| Investments—publicly traded securities | $89,220,741 |
| Investments—other securities | $4,223 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $323,000 |
| Total assets | $241,706,330 |
| Accounts payable and accrued expenses | $8,237,962 |
| Grants payable | $0 |
| Deferred revenue | $14,493,697 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,518,523 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $47,044,506 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,618,454 |
| Total liabilities | $111,913,142 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $129,793,188 |
| Total liabilities and net assets/fund balances | $241,706,330 |
Grants Awarded
Over the last fiscal year, Cal Poly Corporation has awarded $5,488,074 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA POLYTECHNIC STATE UNIVERSITY PURPOSE: STUDENT GRANTS AND SCHOLARSHIPS AWARDED AND MONITORED BY THE UNIVERSITY | $716,501 |
CALIFORNIA POLYTECHNIC STATE UNIVERSITY PURPOSE: SUPPORT OF THE UNIVERSITY | $3,174,179 |
CALIFORNIA POLYTECHNIC STATE UNIVERSITY FOUNDATION PURPOSE: SUPPORT OF THE UNIVERSITY | $368,844 |
ALLAN HANCOCK COLLEGE PURPOSE: SUBAWARD UNDER SPONSORED PROGRAMS GRANT | $56,689 |
AMERICAN INSTITUTES FOR RESEARCH PURPOSE: SUBAWARD UNDER SPONSORED PROGRAMS GRANT | $36,810 |
ARIZONA STATE UNIVERSITY PURPOSE: SUBAWARD UNDER SPONSORED PROGRAMS GRANT | $16,455 |