Cal Poly Corporation
- Assets
- $221.6m
- Revenue
- $66.5m
- Investments
- $4.2k
- Employees
- 2,967
- Location
- San Luis Obispo, CA
- Founding
- 03/1942
- Data as of
- 06/2021
- 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 06/2021, Cal Poly Corporation employed 2,967 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 06/2021, Cal Poly Corporation generated $66.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $72.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cal Poly Corporation has awarded 205 individual grants totaling $59,725,982. 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
2021
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.
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
EDUCATIONAL CONFERENCES AND WORKSHOPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Dunning Assoc. Vp, Corporate Engag | 40 | $188,865 | |
Andrea Burns Assoc. Exec. Director, Cpc | 40 | $183,931 | |
Dan Banfield Assoc. Exec. Director, Bus | 40 | $164,251 | |
Jason Will Marchese Assoc. Exec. Director, Legal & Facilities | 40 | $158,553 | |
Judy Mahan Economic Development Director, Cie | 40 | $136,270 | |
Sean Hurley Director | Trustee | 20 | $13,121 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Dining Services Management Services | 6/29/21 | $986,576 |
Maino Construction Company Inc Construction Management | 6/29/21 | $1,042,458 |
Specialty Construction Inc Construction Management | 6/29/21 | $469,235 |
The Miriam Hospital Research Support | 6/29/21 | $312,238 |
Cuesta College Research Support | 6/29/21 | $301,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $166,978 |
| Related organizations | $2,482,814 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,889,440 |
| Noncash contributions included in lines 1a–1f | $629,487 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,539,232 |
| Total Program Service Revenue | $34,216,288 |
| Investment income | $636,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$209,766 |
| Net Gain/Loss on Asset Sales | $2,342,413 |
| Net Income from Fundraising Events | $14,605 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,984,294 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,523,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,714,196 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $113,655 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $401,004 |
| Compensation of current officers, directors, key employees. | $401,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,847,721 |
| Pension plan accruals and contributions | $1,109,081 |
| Other employee benefits | $7,285,175 |
| Payroll taxes | $1,764,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,843 |
| Fees for services: Accounting | $125,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $155,137 |
| Fees for services: Other | $5,057,981 |
| Advertising and promotion | $116,416 |
| Office expenses | $242,828 |
| Information technology | $402,727 |
| Royalties | $260,451 |
| Occupancy | $1,811,491 |
| Travel | $240,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,174 |
| Interest | $998,654 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,630,669 |
| Insurance | $296,614 |
| All other expenses | $6,164,570 |
| Total functional expenses | $72,489,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,179 |
| Savings and temporary cash investments | $24,550,366 |
| Pledges and grants receivable | $14,876,304 |
| Accounts receivable, net | $1,836,290 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,194,661 |
| Inventories for sale or use | $1,216,206 |
| Prepaid expenses and deferred charges | $585,043 |
| Net Land, buildings, and equipment | $77,449,645 |
| Investments—publicly traded securities | $99,563,583 |
| Investments—other securities | $4,223 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $323,000 |
| Total assets | $221,621,500 |
| Accounts payable and accrued expenses | $7,975,282 |
| Grants payable | $0 |
| Deferred revenue | $10,889,951 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,362,001 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $28,846,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,355,598 |
| Total liabilities | $91,428,832 |
| 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 | $130,192,668 |
| Total liabilities and net assets/fund balances | $221,621,500 |
Grants Awarded
Over the last fiscal year, Cal Poly Corporation has awarded $8,707,654 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA POLYTECHNIC STATE UNIVERSITY PURPOSE: SUPPORT OF THE UNIVERSITY | $6,147,709 |
SAN LUIS OBIISPO COUNTY COMMUNITY COLLEGE DISTRICT DBA CUESTA COMMUNITY COL PURPOSE: SUBAWARD UNDER SPONSORED PROGRAMS GRANT | $393,910 |
San Luis Obispo, CA PURPOSE: SUPPORT OF THE UNIVERSITY | $312,044 |
CALIFORNIA POLYTECHNIC STATE UNIVERSITY PURPOSE: STUDENT GRANTS AND SCHOLARSHIPS AWARDED AND MONITORED BY THE UNIVERSITY | $272,400 |
Providence, RI PURPOSE: SUBAWARD UNDER SPONSORED PROGRAMS GRANT | $215,464 |
PASO ROBLES JOINT UNIFIED SCHOOL DISTRICT PURPOSE: SUBAWARD UNDER SPONSORED PROGRAMS GRANT | $193,293 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Cal Poly Corporation has recieved totaling $576,708.
| Awarding Organization | Amount |
|---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR THE CALIFORNIA CYBERSECURITY INSTITUTE | $150,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR THE CALIFORNIA CYBERSECURITY INSTITUTE | $150,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $60,000 |
New Venture Fund Washington, DC PURPOSE: TECHNOLOGY AND INNOVATION | $45,000 |
National Association Of Free And Charitable Clinics Inc Alexandria, VA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE WITH HEALTHCARE TO UNINSURED AND UNDERINSURED INDIVIDUALS. | $30,000 |
J Craig Venter Institute Inc La Jolla, CA PURPOSE: RESEARCH SUBGRANT | $29,257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Saint Marys University Los Angeles, CA | $325,045,397 | $120,464,265 |
George Fox University Newberg, OR | $236,953,683 | $138,957,860 |
Hawaii Pacific University Honolulu, HI | $252,023,622 | $108,453,356 |
Concordia University Irvine, CA | $216,619,359 | $134,293,913 |
Whittier College Whittier, CA | $322,047,237 | $96,024,170 |
Claremont Graduate University Claremont, CA | $282,759,045 | $94,587,172 |
Soka University Of America Aliso Viejo, CA | $1,933,834,260 | $62,118,050 |
Fresno Pacific University Fresno, CA | $60,393,077 | $83,753,327 |
Mills College Oakland, CA | $350,121,466 | $66,976,273 |
La Sierra University Riverside, CA | $224,274,397 | $79,132,443 |
Cal Poly Corporation San Luis Obispo, CA | $221,621,500 | $66,523,157 |
Chaminade University Of Honolulu Honolulu, HI | $103,384,806 | $64,562,356 |