2022-03-21T18:28:11-05:00 2021-06-30 930623286 ALDRICH CPAS AND ADVISORS LLP 7676 HAZARD CENTER DRIVE STE 1300 SAN DIEGO CA 92108 990 2020-07-01 952417645 CAL POLY POMONA FOUNDATION INC CALP 9098692950 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 917684038 JOANNE MATHEW DIR OF FINANCIAL SERVICES/CFO 9098692950 2022-03-08 1 JOANNE MATHEW 999009999 DEBRA D SMITH P00646873 6198104940 2022-03-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JARED G CEJA 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 917684038 43864782 0 X WWW.FOUNDATION.CPP.EDU X 1966 CA TO PRIMARILY SUPPORT, PROMOTE AND ASSIST THE EDUCATIONAL PROGRAMS AT CSP UNIVERSITY, POMONA. 23 23 1927 100 3998038 0 12706662 13927996 21399065 9958316 969568 3619646 18731917 9319692 53807212 36825650 151225878 2652550 0 0 31595811 21036387 0 0 0 26744577 19878086 209566266 43567023 -155759054 -6741373 112439496 105430579 73983463 72739935 38456033 32690644 X TO ENGAGE IN ENTERPRISE AND PROGRAM SUPPORT ACTIVITIES TO AID THE EDUCATIONAL MISSION OF CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA FOR THE BENEFITS OF STUDENTS, FACULTY, STAFF, ALUMNI, AND VISITORS. 0 0 3436261 3985750 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. 2774635 1335904 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. 1493551 7037229 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. 24471003 2652550 2921087 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. 24471003 2652550 2921087 32175450 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 155 0 1 1927 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CA X X JOANNE MATHEW 9098693154 3801 W TEMPLE AVE BLDG 55 POMONA CA 917684038 SORAYA COLEY CHAIRMAN 0.50 40.00 X X 0 349340 119559 SYLVIA ALVA DESIGNATED DIRECTOR 0.50 40.00 X 0 280195 101568 LUCY YU DESIGNATED DIRECTOR 0.50 X 0 0 0 DANIEL MONTPLAISIR DESIGNATED DIRECTOR 0.50 40.00 X 0 252268 75782 LEA DOPSON SECRETARY/TREASURY 0.50 40.00 X X 0 198091 68149 CHRISTINA GONZALES DESIGNATED DIRECTOR 0.50 40.00 X 0 253059 93779 STEPHANIE PASTOR DESIGNATED DIRECTOR 0.50 40.00 X 0 68618 30135 JOHN MCGUTHRY DESIGNATED DIRECTOR 0.50 40.00 X 0 269269 95891 PHYLLIS NELSON DESIGNATED DIRECTOR 0.50 40.00 X 0 121142 45378 HOMEYRA SADAGHIANI FACULTY DIRECTOR 0.50 40.00 X 0 104921 49415 DAVID SPEAK FACULTY DIRECTOR 0.50 40.00 X 0 58368 0 APRIL JIMENEZ-VALDEZ STAFF DIRECTOR 0.50 40.00 X 0 52094 34165 DEBORAH GOMAN STAFF DIRECTOR 0.50 40.00 X 0 61476 27501 KASSANDRA LOPEZ STUDENT DIRECTOR 0.50 X 0 0 0 ARAZ MANDELIAN STUDENT DIRECTOR 0.50 X 0 0 0 CYNTHIA NELSON MEMBER AT LARGE 0.50 X 0 0 0 MARK SHIN MEMBER AT LARGE 0.50 X 0 0 0 ERICA FRAUSTO MEMBER AT LARGE 0.50 X 0 0 0 MEI LIEN CHANG MEMBER AT LARGE 0.50 X 0 0 0 OLIVER SANTOS COMMUNITY MEMBER 0.50 X 0 0 0 LOWELL OVERTON COMMUNITY MEMBER 0.50 X 0 0 0 MARYANN TOLANO-LEVEQUE MEMBER AT LARGE 0.50 X 0 0 0 RUBY SUCHECKI COMMUNITY MEMBER 0.50 X 0 0 0 JOANNE MATHEW - START NOV 2020 DIRECTOR OF FINANCIAL SERVICES/CFO 40.00 X 20769 0 1606 JARED CEJA - START MARCH 2020 EXECUTIVE DIRECTOR/CEO 40.00 X 157115 0 28754 AARON NIELSEN DIRECTOR OF DINING 40.00 X 141334 0 17029 CLINT AASE DIRECTOR OF BOOKSTORE 40.00 X 121209 0 13923 RANDALL L TOWNSEND IT/MIS DIRECTOR 40.00 X 153446 0 22833 DAVID CORRAL ASSOCIATE DIRECTOR, DINING SERVICES 40.00 X 113050 0 0 RICARDO QUINTERO SENIOR DIRECTOR, PRE-COLLEGE PROGRAMS 40.00 X 119529 0 14424 826452 2068841 839891 8 0 1 0 PLUMBING PIPING & CONSTRUCTION 5950 LAKESHORE DR CYPRESS CA 90630 CONSTRUCTION AND PIPELINE REPLACEMENT 487875 STEM CENTER USA 678 S INDIAN HILL BLVD 110 CLAREMONT CA 91711 ROBOTICS INSTRUCTION AND COORDINATION 351353 CALICO BUILDING SERVICES INC 2935 LARKIN AVE CLOVIS CA 93612 MONTHLY CLEANING AND CUSTODIAL SERVICES 286483 PROPERTY BUILDERS CONCEPTS & MAINTENANCE 848 TOWNE CENTER DR PONOMA CA 91767 DUCT CLEANING, MAINTENANCE AND SEWER SER 214020 CLEVELAND FARMS INC 16379 CHINO CORONA RD CHINO CA 91708 MONTHLY AGRICULTURE MAINTENANCE SERVICES 171879 11 13122755 805241 13927996 OTHER OPERATING REVENUE 900099 6709399 6709399 STUDENT HOUSING 900099 1335904 1335904 TUITION FEES 900099 968655 968655 ENTERPRISE ACTIVITIES 900099 944358 944358 9958316 869840 869840 2829138 112920 0 192252 2829138 -79332 2749806 2749806 12442787 6846880 5595907 5321654 274253 LANTERMAN 531190 2316692 2316692 COLLEGE OF AGRICULTURE 445200 1389609 1389609 CONFERENCE CENTER AND HOTEL 722320 17484 17484 3723785 36825650 15279970 3998038 3619646 593447 593447 2059103 2059103 335633 335633 12649656 10529971 2119685 1495924 904454 591470 5561800 3362732 2199068 993374 600606 392768 12664 12664 180230 57034 123196 61076 61076 2865997 2448988 417009 175802 70048 105754 649460 307700 341760 478284 229391 248893 706840 21964 684876 1177759 889910 287849 112685 53661 59024 36816 35506 1310 1832829 1749926 82903 3664679 2791570 873109 367085 238332 128753 INDIRECT COST RETURNED 2264477 1561390 703087 REPAIRS & MAINTENANCE 2094983 517916 1577067 MISCELLANEOUS 2046590 2004664 41926 EQUIPMENT PURCHASE 558074 557432 642 591756 589705 2051 43567023 32175450 11391573 0 6830865 3497982 255113 224279 1467496 2405331 7083842 6327907 1996074 1501046 260103 71973 114691676 59769908 58363499 54921768 26116504 26685054 2369897 5175507 593190 553199 7102913 4066533 112439496 105430579 4250612 4023618 1970739 2127277 1518740 782017 42532592 40920831 2000000 0 21710780 24886192 73983463 72739935 X 19887766 17938527 18568267 14752117 38456033 32690644 112439496 105430579 -6741373 975984 0 X 0 1 X 1 1 1 X X 1 CALIFORNIA STATE POLYTECHNIC UNIVERSITY 954255659 5 1 0 593447 1 0 593447 21374165 22450279 24449833 12706662 13927996 94908935 21374165 22450279 24449833 12706662 13927996 94908935 94908935 3245305 4099518 6679417 1084803 869840 15978883 110887818 182962004 0.85590 0.83520 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3 - ROLE OF SUPPORTED ORGANIZATIONS THE UNIVERSITY'S ADMINISTRATIVE ORGANIZATION SUPERVISES THE FOUNDATION, AS REQUIRED BY TITLE 5, CALIFORNIA CODE OF REGULATIONS, SECTION 42402; A MAJORITY OF THE BOARD OF DIRECTORS ARE EMPLOYEES OF THE UNIVERSITY; A MAJORITY OF THE FINANCE AND INVESTMENT COMMITTEE MEMBERS ARE EMPLOYEES OF THE UNIVERSITY. PART IV, SECTION E, LINE 2A - EXPLANATION OF SUPPORTED ORGAN UNDER SECTION 89911 ET SEQ. OF THE CALIFORNIA EDUCATION CODE, THE FOUNDATION IS A DESIGNATED AUXILIARY ORGANIZATION SERVING EXCLUSIVELY THE UNIVERSITY, WITH AUTHORIZED FUNCTIONS IN FURTHERANCE OF THE UNIVERSITY'S EXEMPT PURPOSE. THE FOUNDATION PROVIDES ESSENTIAL FUNCTIONS WHICH ARE AN INTEGRAL PART OF THE EDUCATIONAL MISSION OF THE UNIVERSITY. THE UNIVERSITY ENCOURAGES AN ACTIVE ROLE OF THE FOUNDATION IN SUPPORT SERVICES ASSOCIATED WITH THESE FUNCTIONS: A. EXTERNALLY FUNDED PROJECTS AND PROGRAMS B. INSTRUCTIONALLY-RELATED PROGRAMS AND ACTIVITIES C. PUBLIC RELATIONS AND FUND MANAGEMENT D. BOOKSTORES E. FOOD SERVICES F. CAMPUS SERVICES G. ACQUISITION AND DEVELOPMENT OF REAL PROPERTY H. OTHER FUNCTIONS APPROVED BY THE BOARD OF TRUSTEES AND AUTHORIZED BY THE UNIVERSITY. PART IV, SECTION E, LINE 2B - EXPLANATION OF ORGANIZATION'S THE UNIVERSITY AND THE FOUNDATION HAVE ENTERED INTO A WRITTEN OPERATING AGREEMENT SPECIFYING THE AUTHORIZED SUPPORT FUNCTIONS AND THE INTEGRAL RELATIONSHIP BETWEEN THE TWO ENTITIES. THE BOARD OF TRUSTEES OF THE UNIVERSITY FIND CERTAIN SUPPORT FUNCTIONS ADVANTAGEOUS TO THE MISSION OF THE CALIFORNIA STATE UNIVERSITY, MORE EFFECTIVELY ACCOMPLISHED BY THE USE OF THE FOUNDATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7102910 7102910 95229774 49402527 45827247 143638 132540 11098 12215354 10234841 1980513 54921768 NET PENSION LIABILITY 11634331 NET OPEB LIABILITY 6818492 ACCOUNTS PAYABLE TO THE UNIVERSITY 872526 SPLIT INTEREST AGREEMENTS 831894 UNITRUST LIABILITY 897815 UNAMORTIZED GAIN ON DEBT REFUNDING 36134 PAYCHECK PROTECTION PROGRAM LOAN 3795000 24886192 X 44384925 975984 6846880 7822864 36562061 61076 202513 263589 36825650 50150314 6926212 6926212 43224102 61076 281845 342921 43567023 PART X, LINE 2: THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE TAX POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO THE FOUNDATION'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS WILL MOST LIKELY BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 6,846,880. PART XI, LINE 4B - OTHER ADJUSTMENTS: TRANSFER OF ASSETS TO THE UNIVERSITY 281,845. LOSS ON FIXED ASSETS DISPOSAL -79,332. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 6,846,880. LOSS ON FIXED ASSETS DISPOSAL 79,332. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFER OF ASSETS TO THE UNIVERSITY 281,845. 1 CALIFORNIA STATE POLYTECHNIC UNIVERSITY 3801 W TEMPLE AVE POMONA CA 91768 954255659 115 593447 FMV BUILDING IMPROVEMENTS, EQUIPMENT, RENOVATIONS SUPPORT UNIVERSITY 1 0 SCHOLARSHIP AND STIPENDS 2900 2059103 PART I, LINE 2: ALL SCHOLARSHIP AND OTHER FINANCIAL ASSISTANCE PAYMENTS ARE MONITORED BY THE FINANCIAL AID DEPARTMENT OF CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA. THE FOUNDATION VERIFIES AND APPROVES ALL ELIGIBILITY REQUIREMENTS RELATING TO SPECIFIC PROGRAMS TO ENSURE COMPLIANCE WITH PROJECT TERMS AND CONDITIONS AND DONOR RESTRICTIONS. FINANCIAL AID ALSO MAINTAINS RECORDS OF ALL FINANCIAL ASSISTANCE PAYMENTS PAID DURING THE FISCAL PERIOD. THE FOUNDATION MAINTAINS ALL RECORDS ASSOCIATED WITH STIPEND PAYMENTS. X 1 0 X X X 0 0 0 0 0 0 0 0 0 SORAYA COLEY CHAIRMAN 0 349340 0 0 0 0 0 99936 0 19623 0 468899 0 0 SYLVIA ALVA DESIGNATED DIRECTOR 0 280195 0 0 0 0 0 82097 0 19471 0 381763 0 0 JOHN MCGUTHRY DESIGNATED DIRECTOR 0 269269 0 0 0 0 0 76420 0 19471 0 365160 0 0 CHRISTINA GONZALES DESIGNATED DIRECTOR 0 253059 0 0 0 0 0 74308 0 19471 0 346838 0 0 DANIEL MONTPLAISIR DESIGNATED DIRECTOR 0 250732 0 0 0 1536 0 73549 0 2233 0 328050 0 0 LEA DOPSON SECRETARY/TREASURY 0 198091 0 0 0 0 0 57818 0 10331 0 266240 0 0 JARED CEJA - START MARCH 2020 EXECUTIVE DIRECTOR/CEO 157115 0 0 0 0 0 13052 0 15702 0 185869 0 0 0 RANDALL L TOWNSEND IT/MIS DIRECTOR 153446 0 0 0 0 0 18489 0 4344 0 176279 0 0 0 PHYLLIS NELSON DESIGNATED DIRECTOR 0 121142 0 0 0 0 0 35533 0 9845 0 166520 0 0 AARON NIELSEN DIRECTOR OF DINING 141334 0 0 0 0 0 17029 0 0 0 158363 0 0 0 HOMEYRA SADAGHIANI FACULTY DIRECTOR 0 104921 0 0 0 0 0 29993 0 19422 0 154336 0 0 PART I, LINE 1A PERSONAL SERVICES: MAID SERVICES WERE PROVIDED FOR SORAYA COLEY, CHAIR OF THE BOARD AT HER RESIDENCE LOCATED ON CAMPUS. THE AMOUNT WAS NOT TREATED AS TAXABLE COMPENSATION. A SYSTEM REVENUE BONDS SERIES 2013A 952417645 2013-07-17 10045000 SEE SUPPLEMENTAL 0 0 1 B SYSTEM REVENUE BONDS SERIES 2014A 952417645 2014-07-31 12110000 SEE SUPPLEMENTAL 0 0 1 C SYSTEM REVENUE BONDS SERIES 2017A & B 952417645 2017-02-08 1950000 SEE SUPPLEMENTAL 0 0 1 A 4275000 11569589 11510309 59280 2026 0 1 1 1 B 13966853 13905881 60972 2035 0 1 1 1 C 865000 2224958 2222571 2386 2024 0 1 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION SYSTEM REVENUE BONDS SERIES 2013A FACILITIES LEASE AGREEMENT (CAPITAL LEASE) WITH THE STATE OF CALIFORNIA, ACTING THROUGH THE BOARD OF TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY (BOARD) TO REFUND AND DEFEASE A PORTION OF THE 2005A SERIES BONDS. THE BOARD ASSISTED THE FOUNDATION BY ISSUING ITS SYSTEM REVENUE BONDS IN 2013-14 (SERIES 2013A) AND APPLIED THE PROCEEDS OF SUCH BONDS TO REDEEM THE 2005 SERIES BONDS MATURING ON AND AFTER 2015 THROUGH 2027. THE BOARD LEASED THE PROJECT TO THE FOUNDATION PURSUANT TO THE CAPITAL LEASE, SUBJECT TO THE FOLLOWING GENERAL TERMS AND CONDITIONS: (I) THE MAXIMUM ANNUAL DEBT SERVICE UNDER THE CAPITAL LEASE IS $1,443,375 AND THE SCHEDULED TERM OF THE CAPITAL LEASE IS 22 YEARS FROM JULY 2013 THROUGH NOVEMBER 2035. PROCEEDS RECEIVED IN EXCESS OF THE DEBT ARE ADDED TO THE MATURITY AMOUNT AND AMORTIZED TO INTEREST EXPENSE OVER THE LIFE OF THE LIABILITY. THE SERIES 2013A BONDS INCLUDED A PREMIUM OF $1,524,589, WHICH IS AMORTIZED USING THE STRAIGHT-LINE METHOD. AMORTIZATION FOR THE SERIES 2013A BONDS RECOGNIZED DURING THE 2020-21 YEAR WAS $110,879. THE DIFFERENCE BETWEEN THE REACQUISITION PRICE AND THE NET CARRYING AMOUNT ON THE SERIES 2005A REFUNDED DEBT IS DEFERRED AND AMORTIZED AS A COMPONENT OF INTEREST EXPENSE OVER THE LIFE OF THE NEW DEBT. PAYMENTS TO THE REFUNDING ESCROW AGENT EXCEEDED THE EXISTING CARRYING VALUE OF THE REFUNDED DEBT BY $520,246. AMORTIZATION OF $37,836 WAS RECOGNIZED DURING THE 2020-21 YEAR. SYSTEM REVENUE BONDS SERIES 2014A FACILITIES LEASE AGREEMENT (CAPITAL LEASE) WITH THE STATE OF CALIFORNIA, ACTING THROUGH THE BOARD OF TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY (BOARD) TO REFUND AND DEFEASE THE REMAINING PORTION OF THE 2005A SERIES BONDS. THE BOARD ASSISTED THE FOUNDATION BY ISSUING ITS SYSTEM REVENUE BONDS IN 2014-15 (SERIES 2014A) AND APPLIED THE PROCEEDS OF SUCH BONDS TO REDEEM THE 2005A SERIES BONDS MATURING ON AND AFTER 2027 THROUGH 2035. THE BOARD LEASED THE PROJECT TO THE FOUNDATION PURSUANT TO THE CAPITAL LEASE, SUBJECT TO THE FOLLOWING GENERAL TERMS AND CONDITIONS: (I) THE MAXIMUM ANNUAL DEBT SERVICE UNDER THE CAPITAL LEASE IS $1,676,000 AND THE SCHEDULED TERM OF THE CAPITAL LEASE IS 21 YEARS FROM JULY 2014 THROUGH NOVEMBER 2035. PROCEEDS RECEIVED IN EXCESS OF THE DEBT ARE ADDED TO THE MATURITY AMOUNT AND AMORTIZED TO INTEREST EXPENSE OVER THE LIFE OF THE LIABILITY. THE SERIES 2014A BONDS INCLUDED A PREMIUM OF $1,856,853, WHICH IS AMORTIZED USING THE STRAIGHT-LINE METHOD. AMORTIZATION OF $87,553 WAS RECOGNIZED DURING THE 2020-21 YEAR FOR SERIES 2014A BONDS. THE DIFFERENCE BETWEEN THE REACQUISITION PRICE AND THE NET CARRYING AMOUNT ON THE SERIES 2005A REFUNDED DEBT IS DEFERRED AND AMORTIZED AS A COMPONENT OF INTEREST EXPENSE OVER THE LIFE OF THE NEW DEBT. PAYMENTS TO THE REFUNDING ESCROW AGENT EXCEEDED THE EXISTING CARRYING VALUE OF THE REFUNDED DEBT BY $19,891. AMORTIZATION OF $938 WAS RECOGNIZED DURING THE 2020-21 YEAR. SYSTEM REVENUE BONDS SERIES 2017A&B FACILITIES LEASE AGREEMENT (CAPITAL LEASE) WITH THE STATE OF CALIFORNIA, ACTING THROUGH THE BOARD OF TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY (BOARD) TO REFUND AND DEFEASE THE 2007 SERIES BONDS. THE BOARD ASSISTED THE FOUNDATION BY ISSUING ITS SYSTEM REVENUE BONDS IN 2016-17 (SERIES 2017A&B) AND APPLIED THE PROCEEDS OF SUCH BONDS TO REDEEM THE 2007 SERIES BONDS MATURING ON AND AFTER 2017 THROUGH 2024. THE BOARD LEASED THE PROJECT TO THE FOUNDATION PURSUANT TO THE CAPITAL LEASE, SUBJECT TO THE FOLLOWING GENERAL TERMS AND CONDITIONS: (I) THE MAXIMUM ANNUAL DEBT SERVICE UNDER THE CAPITAL LEASE IS $302,875 AND THE SCHEDULED TERM OF THE CAPITAL LEASE IS 7 YEARS FROM FEBRUARY 2017 THROUGH NOVEMBER 2024. THE REFUNDING GENERATED A CASH FLOW SAVINGS OF $306,116 AND A NET PRESENT VALUE OF $289,963. PROCEEDS RECEIVED IN EXCESS OF THE DEBT ARE ADDED TO THE MATURITY AMOUNT AND AMORTIZED TO INTEREST EXPENSE OVER THE LIFE OF THE LIABILITY. THE SERIES 2017A&B BONDS INCLUDED A PREMIUM OF $274,958, WHICH IS AMORTIZED USING THE STRAIGHT-LINE METHOD. AMORTIZATION FOR THE SERIES 2017A&B BONDS RECOGNIZED DURING THE 2020-21 YEAR WAS $33,328. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT RETURN IS REVIEWED BY THE ENTERPRISE FOUNDATION MANAGEMENT, FOLLOWED BY THE VICE PRESIDENT OF FINANCE AT THE UNIVERSITY. IT IS THEN PRESENTED TO THE FINANCE & INVESTMENT COMMITTEE FOR ACCEPTANCE AND THEN FORWARDED TO THE BOARD OF FINAL ACCEPTANCE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C PER THE FOUNDATION'S CONFLICT OF INTEREST - BOARD OF DIRECTORS POLICY # 221 EACH YEAR BOARD MEMBERS ARE REQUIRED TO REVIEW THE APPLICABLE PORTION OF THE CALIFORNIA EDUCATION CODE AND ATTEST THAT THEY DO NOT HAVE ANY CONFLICTING FINANCIAL INTERESTS. IF AT ANY TIME, A BOARD MEMBER DETERMINES THAT A CONFLICT OF INTEREST EXISTS, HE/SHE WILL DISCLOSE THE CIRCUMSTANCES TO THE EXECUTIVE DIRECTOR OF THE CAL POLY POMONA FOUNDATION, INC. IF ANY MEMBER OF THE BOARD OF DIRECTORS IS FOUND TO BE IN VIOLATION OF THIS POLICY OR THE FINANCIAL INTEREST SECTION OF THE CALIFORNIA EDUCATION CODE, THAT MEMBER WILL BE GIVEN A REASONABLE PERIOD OF TIME TO RESOLVE THE CONFLICT. IN THE EVENT THAT THE CONFLICT CAN NOT BE RESOLVED IN A MANNER COMPLIANT WITH THE CALIFORNIA EDUCATION CODE, THE DIRECTOR MUST RESIGN FROM THE BOARD. PER THE FOUNDATION'S CONFLICT OF INTEREST - EMPLOYEES POLICY # 222, ALL MANAGEMENT AND OTHER EMPLOYEES (INCLUDING EMPLOYEES OF CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA, INDEPENDENT CONTRACTORS, SUBCONTRACTORS, CONSULTANTS, ETC.) THAT HAVE BEEN DESIGNATED AS BEING IN POSITIONS OF DECISION MAKING AUTHORITY RELATED TO FOUNDATION BUSINESS ACTIVITIES, ARE REQUIRED TO ANNUALLY REVIEW THE APPLICABLE PORTION OF THE CALIFORNIA EDUCATION CODE AND ATTEST THAT THEY DO NOT HAVE ANY CONFLICTING FINANCIAL INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION (INCLUDING BENEFITS) OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER IS SUBJECT TO THE FOUNDATION'S EXECUTIVE COMPENSATION POLICY # 126. THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER AS FOLLOWS: THE BOARD SHALL CONSIDER THE COMPENSATION OF COMPARABLE EMPLOYMENT POSITIONS PAID BY COMPARABLE ORGANIZATIONS. THE BOARD SHALL ALSO TAKE INTO ACCOUNT ANY OTHER RELEVANT INFORMATION AND FACTORS IN DETERMINING THE REASONABLENESS OF EXECUTIVE COMPENSATION. THE MINUTES SHALL REFLECT THE CONSIDERATION OF THE BOARD AS TO THE ISSUE OF EXECUTIVE COMPENSATION. ONLY THOSE MEMBERS OF THE BOARD WHO ARE FREE OF CONFLICTS OF INTEREST MAY BE INVOLVED IN EVALUATION OF EXECUTIVE COMPENSATION. THE BOARD SHALL UNDERTAKE THIS REVIEW PROCESS UPON THE HIRING OF A NEW EMPLOYEE FOR EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER, AND UPON THE MODIFICATION OF THE COMPENSATION FOR SUCH POSITION, BUT IN NO CASE LESS THAN ANNUALLY. FORM 990, PART VI, LINE 15B - COMPENSATION PROCESS FOR OFFICERS: ALL EMPLOYEES HAVE A WRITTEN JOB DESCRIPTION FOR WHICH THEIR PERFORMANCE IS MEASURED ANNUALLY USING A RATING SCALE SYSTEM. BOTH THE EMPLOYEE AND REPORTING SUPERVISOR HAVE AN OPPORTUNITY TO PROVIDE INPUT ON THE ANNUAL EVALUATION, AND A REVIEW OF EACH EVALUATION IS COMPLETED BY REPORTING SUPERVISOR'S MANAGER. THE OVERALL POINT VALUE IS ONE SOURCE OF INPUT FOR THE RATE OF INCREASE, IF ANY. COMPENSATION COMPARABILITY IS COMPLETED BY USING THE AOA COMPENSATION SURVEY, WHICH INCLUDES AS MANY AS 50 POSITIONS FROM OTHER CSU AUXILIARIES, AND ALSO INCLUDES A REVIEW OF THE PUBLISHED CSU SALARY LETTERS AND THEIR RESPECTIVE WRITTEN JOB DESCRIPTIONS AND CURRENT MARKET DATA. THIS ANALYSIS IS CONDUCTED INDEPENDENTLY WITHIN HUMAN RESOURCES AND THE RESULTING DATA ALONG WITH THE ORGANIZATION'S HISTORICAL PRACTICES ARE USED TO DEVELOP THE SALARY RANGES, WHICH ARE ULTIMATELY REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, AND DOCUMENTED ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE ON THE WEBSITE AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES #221 AND #222 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE AND UPON REQUEST. CALIFORNIA STATE POLYTECHNIC UNIVERSITY PONOMA 3801 W TEMPLE EVE PONOMA CA 91768 954255659 HIGHER EDUCATION CA 115 N/A 0 CAL POLY POMONA PHILANTHROPIC FOUNDATION 3801 W TEMPLE EVE PONOMA CA 91768 832300241 FUNDRAISING AND GIFT MANAGEMENT FOR CAL POLY POMONA UNIVERSITY CA 501(C)(3) LINE 5 0 CHARITABLE REMAINDER UNITRUST (3) CA N/A T 0 0 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 0 CALIFORNIA STATE POLYTECHNIC UNIVERSITY PONOMA B 593447 BOOK VALUE CALIFORNIA STATE POLYTECHNIC UNIVERSITY PONOMA J 1192103 BOOK VALUE CALIFORNIA STATE POLYTECHNIC UNIVERSITY PONOMA K 1460000 BOOK VALUE CALIFORNIA STATE POLYTECHNIC UNIVERSITY P 10427171 BOOK VALUE