Cal Poly Pomona Foundation Inc
- Assets
- $105.4m
- Revenue
- $36.8m
- Investments
- $5.2m
- Employees
- 2,408
- Location
- Pomona, CA
- Founding
- 07/1966
- Data as of
- 06/2021
- 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 06/2023, Cal Poly Pomona Foundation Inc employed 2,408 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 06/2021, Cal Poly Pomona Foundation Inc generated $36.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $43.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO AID THE EDUCATIONAL MISSION OF CALIFORNIA STATE POLYTECHNIC 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 OPPORTUNITITES 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.
OTHER PROGRAM SERVICES
BRONCO BOOKSTORE - OFFERS THE ACADEMIC COMMUNITY ALL OF THE COURSE MATERIALS, SUPPLIES, TECHNOLOGY, SPIRIT GEAR, AND TOOLS NECESSARY FOR A SUCCESSFUL UNIVERSITY EXPERIENCE. IT'S 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 ADVANTEGOUS FOR STUDENT LEARNING AND COMPLETION. STAFF TAKE PRIDE IN DEVELOPING STUDENT EMPLOYEES WITH CO-CURRICULAR EXPERIENCES THAT ENHANCE THEIR CLASSROOM LEARNING.
UNIVERSITY VILLAGE - THE VILLAGE OFFERS VALUABLE, WELL-MAINTAINED, AND FURNISHED ACCOMODATIONS 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Soraya M Coley Chairman | OfficerTrustee | 0.5 | $0 |
Ysabel D Trinidad Vice Chair | OfficerTrustee | 0.5 | $0 |
John W Mcguthry Director | Trustee | 0.5 | $0 |
Christina M Gonzales Director | Trustee | 0.5 | $0 |
Daniel E Montplaisir Director (until 02/23) | Trustee | 0.5 | $0 |
Martin Sancho-Madriz Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M & M Cleaning Services Llc Cleaning Services | 6/29/23 | $654,454 |
Aldrich Cpas And Advisors Llp Audit & Tax | 6/29/23 | $148,400 |
Robert W Small Tour Services | 6/29/23 | $113,765 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,927,996 |
| Investment income | $869,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,749,806 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,595,907 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,825,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,059,103 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $335,633 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,649,656 |
| Pension plan accruals and contributions | $1,495,924 |
| Other employee benefits | $5,561,800 |
| Payroll taxes | $993,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,664 |
| Fees for services: Accounting | $180,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,076 |
| Fees for services: Other | $2,865,997 |
| Advertising and promotion | $175,802 |
| Office expenses | $649,460 |
| Information technology | $478,284 |
| Royalties | $706,840 |
| Occupancy | $1,177,759 |
| Travel | $112,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,816 |
| Interest | $1,832,829 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,664,679 |
| Insurance | $367,085 |
| All other expenses | $0 |
| Total functional expenses | $43,567,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,497,982 |
| Savings and temporary cash investments | $224,279 |
| Pledges and grants receivable | $2,405,331 |
| Accounts receivable, net | $6,327,907 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,501,046 |
| Prepaid expenses and deferred charges | $71,973 |
| Investments—publicly traded securities | $26,685,054 |
| Investments—other securities | $5,175,507 |
| Investments—program-related | $0 |
| Intangible assets | $553,199 |
| Other assets | $4,066,533 |
| Total assets | $105,430,579 |
| Accounts payable and accrued expenses | $4,023,618 |
| Grants payable | $2,127,277 |
| Deferred revenue | $782,017 |
| Tax-exempt bond liabilities | $40,920,831 |
| 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 | $24,886,192 |
| Total liabilities | $72,739,935 |
| 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 | $32,690,644 |
Grants Awarded
Over the last fiscal year, Cal Poly Pomona Foundation Inc has awarded $148,546,993 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA PURPOSE: SUPPORT UNIVERSITY | $4,524,402 |
CAL POLY POMONA PHILANTHROPIC FOUNDATION PURPOSE: TRANSFER OF NET ASSETS | $144,022,591 |