Cal Poly Pomona Foundation Inc
- Assets
- $112.4m
- Revenue
- $53.8m
- Investments
- $2.4m
- Employees
- 1,490
- Location
- Pomona, CA
- Founding
- 07/1966
- Data as of
- 06/2020
- EIN
- 95-2417645
Organization Overview
Cal Poly Pomona Foundation Inc is located in Pomona, CA. The organization was established in 1966. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Cal Poly Pomona Foundation Inc employed 1,490 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cal Poly Pomona Foundation Inc 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 06/2020, Cal Poly Pomona Foundation Inc generated $53.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $209.6m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PRIMARILY SUPPORT, PROMOTE AND ASSIST THE EDUCATIONAL PROGRAMS AT CSP UNIVERSITY, POMONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DINING SERVICES - OPERATES A DIVERSE ARRAY OF DINING VENUES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF, AND OTHER UNIVERSITY CONSTITUENTS. THE MISSION OF THE ENTERPRISE FOUNDATION DINING SERVICES IS TO DELIVER QUALITY FOOD SERVICES AT AFFORDABLE PRICES WHILE PROVIDING VALUABLE STUDENT WORK EMPLOYMENT OPPORTUNITIES AND RESOURCE SUPPORT TO THE CAL POLY POMONA COMMUNITY. EACH YEAR, OVER 500 STUDENTS FROM ALL ACADEMIC DISCIPLINES GAIN LEADERSHIP SKILLS AND BENEFICIAL WORK EXPERIENCES BY WORKING IN RESIDENTIAL AND RETAIL DINING OPERATIONS.
STUDENT HOUSING - THE VILLAGE OFFERS VALUABLE, WELL-MAINTAINED, AND FURNISHED ACCOMMODATIONS FOR OVER 1,200 CAL POLY POMONA STUDENTS EACH YEAR. BY FOCUSING ON INTERPERSONAL RELATIONSHIPS WITH ITS RESIDENTS, HOUSING SERVICES STRIVES TO CREATE A SAFE, RESPECTFUL AND INCLUSIVE COMMUNITY. STUDENTS ENGAGE WITH A SUPPORTIVE STAFF AND DYNAMIC ENVIRONMENT THAT CONTINUALLY WORKS TO ADAPT TO RESIDENT NEEDS. THE UNIVERSITY VILLAGE PRIDES ITSELF ON ADVANCING STUDENT SUCCESS THROUGH A HOLISTIC, CO-CURRICULAR EDUCATION, AND STUDENT EMPLOYMENT OPPORTUNITIES.
BRONCO BOOKSTORE - OFFERS THE ACADEMIC COMMUNITY ALL OF THE COURSE MATERIALS, SUPPLIES, TECHNOLOGY, SPIRIT GEAR, AND TOOLS NECESSARY FOR A SUCCESSFUL UNIVERSITY EXPERIENCE. ITS MISSION IS TO PROVIDE THESE GOODS, AND SERVICES IN THE MOST AFFORDABLE AND CONVENIENT MANNER POSSIBLE. THE BRONCO BOOKSTORE ALSO SUPPORTS FACULTY EFFORTS TO IDENTIFY THE COURSE MATERIALS THAT ARE MOST ADVANTAGEOUS FOR STUDENT LEARNING AND COMPLETION. STAFF TAKE PRIDE IN DEVELOPING STUDENT EMPLOYEES WITH CO-CURRICULAR EXPERIENCES THAT ENHANCE THEIR CLASSROOM LEARNING.
INSTRUCTIONALLY RELATED PROGRAMS AND ACTIVITIES INCLUDING CAMPUS PROGRAMS, WORKSHOPS AND CONFERENCES. THE FOUNDATION ADMINISTERS PROGRAM REVENUE ON BEHALF OF THE UNIVERSITY. THESE FUNDS ARE DESIGNATED BY THE UNIVERSITY (UNRESTRICTED) TO ENHANCE AND ENRICH THE EDUCATIONAL EXPERIENCE, GOALS, AND OBJECTIVES OF A LEARNING-CENTERED ENVIRONMENT. IN GENERAL, THESE FUNDS ARE USED IN THE AREA OF INSTRUCTION, PUBLIC 1SERVICE, ACADEMIC SUPPORT, STUDENT SERVICES, INSTITUTIONAL SUPPORT, CAPITAL PROJECTS, AND STUDENT GRANTS AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Ceja Executive Director/ceo | Officer | 40 | $205,904 |
Joanne Mathew Director Of Financial Serv | Officer | 40 | $143,654 |
Aaron Nielsen Director Of Dining | 40 | $140,820 | |
Ricardo Quintero Senior Director, Pre-College Programs | 40 | $120,415 | |
Clint Aase Director Of Bookstore | 40 | $119,442 | |
David Laxamana Director Of University Village | 40 | $104,206 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Property Builders Concepts & Maintenance Construction Services | 6/29/22 | $382,763 |
Stem Center Usa Robotics Instruction/regional Coordinati | 6/29/22 | $414,835 |
M & M Cleaning Services Llc Cleaning Services | 6/29/22 | $357,175 |
Calico Building Services Inc Cleaning/custodial | 6/29/22 | $176,105 |
Cobblestone Applied Research And Evaluat Evaluation | 6/29/22 | $119,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,706,662 |
| Investment income | $1,084,803 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$115,235 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,318,371 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,807,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,678,885 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $550,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,375,827 |
| Pension plan accruals and contributions | $2,329,734 |
| Other employee benefits | $5,957,137 |
| Payroll taxes | $1,382,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,334 |
| Fees for services: Accounting | $191,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,492 |
| Fees for services: Other | $3,352,970 |
| Advertising and promotion | $459,087 |
| Office expenses | $2,978,491 |
| Information technology | $542,406 |
| Royalties | $409,088 |
| Occupancy | $2,542,100 |
| Travel | $1,538,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,435 |
| Interest | $1,573,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,335,478 |
| Insurance | $330,443 |
| All other expenses | $0 |
| Total functional expenses | $209,566,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,830,865 |
| Savings and temporary cash investments | $255,113 |
| Pledges and grants receivable | $1,467,496 |
| Accounts receivable, net | $7,083,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,996,074 |
| Prepaid expenses and deferred charges | $260,103 |
| Investments—publicly traded securities | $26,116,504 |
| Investments—other securities | $2,369,897 |
| Investments—program-related | $0 |
| Intangible assets | $593,190 |
| Other assets | $7,102,913 |
| Total assets | $112,439,496 |
| Accounts payable and accrued expenses | $4,250,612 |
| Grants payable | $1,970,739 |
| Deferred revenue | $1,518,740 |
| Tax-exempt bond liabilities | $42,532,592 |
| 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 | $2,000,000 |
| Other liabilities | $21,710,780 |
| Total liabilities | $73,983,463 |
| 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 |
| Total liabilities and net assets/fund balances | $38,456,033 |
Grants Awarded
Over the last fiscal year, Cal Poly Pomona Foundation Inc has awarded $297,093,986 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Pomona, CA PURPOSE: TRANSFER OF NET ASSETS | $144,022,591 |
Pomona, CA PURPOSE: TRANSFER OF NET ASSETS | $144,022,591 |
CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA PURPOSE: SUPPORT UNIVERSITY | $4,524,402 |
CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA PURPOSE: SUPPORT UNIVERSITY | $4,524,402 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Cal Poly Pomona Foundation Inc has recieved totaling $689,410.
| Awarding Organization | Amount |
|---|---|
Cal Poly Pomona Philanthropic Foundation Pomona, CA PURPOSE: CHARITABLE | $234,073 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $130,000 |
College Futures Foundation Oakland, CA PURPOSE: STUDENT-CENTRIC PRACTICES PROGRAM GRANT | $100,000 |
Huff Family Foundation Upland, CA PURPOSE: TO SUPPORT CERTAIN PHILANTHROPIC PROGRAMS THAT SERVE THE CHILDREN AND FAMILIES OF THE LOCAL COMMUNITY. | $71,430 |
Sean And Christine Yu Private Foundation Pasadena, CA PURPOSE: CHARITABLE PURPOSE | $40,000 |
University Enterprises Inc Sacramento, CA PURPOSE: STIPENDS FOR STUDENTS | $24,532 |
Endowment Analysis
| Beg. Balance | $101,475,340 |
| Other Expense | $101,475,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Oregon Foundation Eugene, OR | $1,406,809,391 | $267,924,803 |
The Ucla Foundation Los Angeles, CA | $5,049,182,336 | $636,368,398 |
University Of California San Francisco Foundation San Francisco, CA | $3,419,389,574 | $724,265,070 |
University Of California Berkeley Foundation Berkeley, CA | $2,480,595,373 | $338,166,506 |
Cal Poly Pomona Foundation Inc Pomona, CA | $112,439,496 | $53,807,212 |
San Diego State University Foundation San Diego, CA | $208,622,845 | $174,580,877 |
University Of Arizona Foundation Tucson, AZ | $1,402,381,950 | $279,111,154 |
Oregon Health And Science University Foundation Portland, OR | $1,419,565,425 | $108,603,763 |
Arizona State University Foundation For A New American University Tempe, AZ | $1,623,439,615 | $233,378,142 |
Oregon State University Foundation Corvallis, OR | $1,086,662,227 | $272,172,005 |
University Enterprises Inc Sacramento, CA | $150,298,368 | $99,291,560 |
University Of California Irvine Foundation Irvine, CA | $884,006,067 | $143,548,070 |