2021-03-25T17:18:35-05:00 2020-06-30 930623286 ALDRICH CPAS AND ADVISORS LLP 7676 HAZARD CENTER DRIVE STE 1300 SAN DIEGO CA 92108 990 2019-07-01 952417645 CAL POLY POMONA FOUNDATION INC CALP 9098693154 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 917684038 JOANNE MATHEW DIR OF FINANCIAL SERVICES/CFO 9098693154 2021-03-09 1 ELSA A ROMERO P00485021 6198104940 2021-03-09 2019 2022-09-23 18:48:47Z JARED G CEJA 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 917684038 81106763 0 X FOUNDATION.CPP.EDU X 1966 CA TO PRIMARILY SUPPORT, PROMOTE AND ASSIST THE EDUCATIONAL PROGRAMS AT CSP UNIVERSITY, POMONA. X 24 10 2357 100 5775752 0 24449833 12706662 25243334 21399065 10184152 969568 24895500 18731917 84772819 53807212 8124026 151225878 0 0 31790155 31595811 0 0 0 33570451 26744577 73484632 209566266 11288187 -155759054 242367676 112439496 56346419 73983463 186021257 38456033 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 1 12508445 5382598 DINING SERVICES - OPERATES A DIVERSE ARRAY OF DINING VENUES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF, AND OTHER UNIVERSITY CONSTITUENTS. THE MISSION OF 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. 4392946 8516295 STUDENT HOUSING - THE VILLAGE OFFERS AFFORDABLE, WELL- MAINTAINED, AND FURNISHED ACCOMMODATIONS TO OVER 1,200 CAL POLY POMONA STUDENTS EACH YEAR. BY FOCUSING ON INTERPERSONAL RELATIONSHIPS WITH ITS RESIDENTS, HOUSING SERVICES STRIVE 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 STUDENTS SUCCESS THROUGH A HOLISTIC, CO-CURRICULAR EDUCATION, AND STUDENT EMPLOYMENT OPPORTUNITIES. 1908059 7573567 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. 177315232 151225878 12882770 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. 177315232 151225878 12882770 196124682 1 1 0 1 0 0 0 0 0 1 1 0 0 1 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 1 0 1 0 1 0 1 308 0 1 2357 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 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 333609 109120 SYLVIA ALVA DESIGNATED DIRECTOR 0.50 40.00 X 0 265458 95143 DANNIELLE MANNING VICE CHAIR 0.50 40.00 X X 0 293857 92324 DANIEL MONTPLAISIR DESIGNATED DIRECTOR 0.50 40.00 X 0 245860 74727 LEA DOPSON SECRETARY/TREASURY 0.50 40.00 X X 0 187260 64367 RACHEL DOMINGUEZ DESIGNATED DIRECTOR 40.00 0.00 X 50584 0 7711 EILEEN SULLIVAN DESIGNATED DIRECTOR 0.50 40.00 X 0 0 0 JOHN MCGUTHRY DESIGNATED DIRECTOR 0.50 40.00 X 0 246458 94145 PHYLLIS NELSON DESIGNATED DIRECTOR 0.50 40.00 X 0 118279 47386 RICARDO QUINTERO DESIGNATED DIRECTOR 40.00 0.00 X 118420 0 21526 PASINDU SENARATNE DESIGNATED DIRECTOR 0.50 40.00 X 0 0 0 DAVID SPEAK FACULTY DIRECTOR 0.50 40.00 X 0 95972 33898 XUDONG JIA FACULTY DIRECTOR 0.50 40.00 X 0 0 0 DEBORAH GOMAN STAFF DIRECTOR 0.50 40.00 X 0 57081 25943 JOY TAFARELLA STAFF DIRECTOR 0.50 40.00 X 0 0 0 MICHAEL VAZQUEZ STUDENT DIRECTOR 0.50 40.00 X 0 0 0 RAVINA SOMA STUDENT DIRECTOR 0.50 40.00 X 0 0 0 SEAN YU 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 MEMBER AT LARGE 0.50 X 0 0 0 LOWELL OVERTON MEMBER AT LARGE 0.50 X 0 0 0 JAMES PRIEST MEMBER AT LARGE 0.50 X 0 0 0 DAVID PRENOVOST SENIOR MANAGING DIRECTOR 40.00 X 200602 0 29631 JOANNE MATHEW - START NOV 2020 DEFACTO - DIRECTOR OF FINANCIAL SERVICES/CFO 0.00 X 0 0 0 JARED CEJA - START MARCH 2020 EXECUTIVE DIRECTOR 40.00 0.00 X 0 0 0 DENNIS J MILLER EMPLOYMENT SERVICE DIRECTOR 40.00 X 157203 0 31094 RANDALL L TOWNSEND IT/MIS DIRECTOR 40.00 X 167910 0 20513 SANDRA J VAUGHAN-ACTON REAL ESTATE DIRECTOR 40.00 X 179335 0 32460 874054 1843834 779988 5 0 1 0 PLUMBING PIPING & CONSTRUCTION 5950 LAKESHORE DR CYPRESS CA 90630 CONSTRUCTION/REPLACE PIPELINE 1162749 PROPERTY BUILDERS CONCEPTS & MAINTENANCE 1030 N MOUNTAIN AVE 326 ONTARIO CA 91762 PAINTING/CLOSET REPAIR/DEMO 689747 CALICO BUILDING SERVICES INC 15550-C ROCKFIELD BLVD SUITE C IRVINE CA 92618 MONTHLY MAINTENANCE 211987 JW MARRIOTT LOS ANGELES 900 W OLYMPIC BLVD LOS ANGELES CA 90015 CATERING 204966 COASTAL BUILDING SERVICES INC 718 N HARITON ST ORANGE CA 92868 CLEANING/HOUSEKEEPING HOTEL ROOMS 182126 11 11670057 1036605 12706662 OTHER OPERATING REVENUE 900099 8559919 8559919 STUDENT HOUSING 900099 8516295 8516295 TUITION FEES 900099 2808031 2808031 ENTERPRISE ACTIVITIES 900099 1514820 1514820 21399065 1084803 1084803 16434122 16549357 -115235 -115235 -115235 25068565 10750194 14318371 12956165 1362206 CONFERENCE CENTER AND HOTEL 722320 1853828 1853828 LANTERMAN 531190 1336420 1336420 COLLEGE OF AGRICULTURE 445200 1194559 1194559 28739 28739 4413546 53807212 34355230 5775752 969568 148546993 148546993 2678885 2678885 550961 211843 339118 21375827 18363409 3012418 2329734 2037827 291907 5957137 2962234 2994903 1382152 1178641 203511 35334 13601 21733 191475 40904 150571 64492 64492 3352970 2540193 812777 459087 207945 251142 2978491 2458533 519958 542406 270488 271918 409088 394688 14400 2542100 2188436 353664 1538384 1231879 306505 89435 53906 35529 1573100 1463008 110092 3335478 2466412 869066 330443 229397 101046 MISCELLANEOUS 2929857 2575915 353942 REPAIRS & MAINTENANCE 2571857 998270 1573587 INDIRECT COST RETURNED 2106932 1524187 582745 BAD DEBTS 592212 592212 0 1101436 894876 206560 209566266 196124682 13441584 0 4199105 6830865 3444568 255113 7432271 1467496 6961727 7083842 1890984 1996074 148368 260103 114865607 56502108 43850301 58363499 154218963 26116504 10086105 2369897 633180 593190 9502104 7102913 242367676 112439496 2852456 4250612 1838435 1970739 1516256 1518740 23484352 42532592 3000000 2000000 23654920 21710780 56346419 73983463 X 85782248 19887766 100239009 18568267 186021257 38456033 242367676 112439496 X -155759054 204959 7988871 X 0 1 X 1 1 1 X X 1 CALIFORNIA STATE POLYTECHNIC UNIVERSITY 954255659 5 1 4873261 8753853 1 4873261 8753853 18947831 21374165 22450279 24449833 12706662 99928770 18947831 21374165 22450279 24449833 12706662 99928770 99928770 4605521 3245305 4099518 6679417 1084803 19714564 119643334 222030115 0.83520 0.79570 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 INVESTMENT COMMITTEE MEMBERS ARE EMPLOYEES OF THE UNIVERSITY AND THE VARIOUS SCHOLARSHIP COMMITTEES THAT DIRECT THE USE OF THE FOUNDATION'S SCHOLARSHIP INCOME OR ASSETS ARE UNIVERSITY EMPLOYEES. 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 209566266 209566266 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 101475340 101475340 99717317 3554588 2997354 4235018 140874 418027 101475340 96139499 665863 7240227 3889552 17309 421411 99717317 85559735 207095 11677854 962823 8194 334168 96139499 90182069 1674226 -4539893 1304318 82896 369453 85559735 0 0 6833910 6833910 95274989 46455037 48819952 143638 131364 12274 12613070 9915707 2697363 58363499 ASSETS HELD FOR SALE 402900 UNAMORTIZED LOSS ON DEBT REFUNDING 272889 NET PENSION LIABILITY 3826378 NET OPEB LIABILITY 2600746 7102913 NET PENSION LIABILITY 9539724 NET OPEB LIABILITY 8428465 ACCOUNTS PAYABLE TO THE UNIVERSITY 2289213 SPLIT INTEREST AGREEMENTS 700802 UNITRUST LIABILITY 707015 UNAMORTIZED GAIN ON DEBT REFUNDING 45561 21710780 X 68318091 204959 18739065 18944024 49374067 64492 4368653 4433145 53807212 215883315 10750194 10750194 205133121 64492 4368653 4433145 209566266 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 10,750,194. UNREALIZED GAIN ON FIXED ASSETS 7,988,871. PART XI, LINE 4B - OTHER ADJUSTMENTS: TRANSFER OF ASSETS TO THE UNIVERSITY 4,368,653. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 10,750,194. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFER OF ASSETS TO THE UNIVERSITY 4,368,653. 1 CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA 3801 W TEMPLE AVE POMONA CA 91775 954255659 115 54153 4470249 FMV CAPITAL ASSETS SUPPORT UNIVERSITY CAL POLY POMONA PHILANTHROPIC FOUNDATION 3801 W TEMPLE AVE POMONA CA 91768 832300241 501 (C)(3) 0 144022591 FMV INVESTMENTS, PLEDGES, CAPITAL ASSETS AND CHARITABLE GIFT ANNUITY. TRANSFER OF NET ASSETS 2 0 SCHOLARSHIP AND STIPENDS 2000 2678885 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 1 X X X 0 0 0 0 0 0 0 0 0 SORAYA COLEY CHAIRMAN 0 333609 0 0 0 0 0 100640 0 8480 0 442729 0 0 SYLVIA ALVA DESIGNATED DIRECTOR 0 265458 0 0 0 0 0 76923 0 18220 0 360601 0 0 DANNIELLE MANNING VICE CHAIR 0 293857 0 0 0 0 0 88193 0 4131 0 386181 0 0 DANIEL MONTPLAISIR DESIGNATED DIRECTOR 0 245860 0 0 0 0 0 73754 0 973 0 320587 0 0 LEA DOPSON SECRETARY/TREASURY 0 187260 0 0 0 0 0 54175 0 10192 0 251627 0 0 JOHN MCGUTHRY DESIGNATED DIRECTOR 0 246458 0 0 0 0 0 72080 0 22065 0 340603 0 0 PHYLLIS NELSON DESIGNATED DIRECTOR 0 118279 0 0 0 0 0 25793 0 21593 0 165665 0 0 DAVID PRENOVOST SENIOR MANAGING DIRECTOR 200602 0 0 0 0 0 20824 0 8807 0 230233 0 0 0 DENNIS J MILLER EMPLOYMENT SERVICE DIRECTOR 157203 0 0 0 0 0 29250 0 1844 0 188297 0 0 0 RANDALL L TOWNSEND IT/MIS DIRECTOR 167910 0 0 0 0 0 18459 0 2054 0 188423 0 0 0 SANDRA J VAUGHAN-ACTON REAL ESTATE DIRECTOR 179335 0 0 0 0 0 10764 0 21696 0 211795 0 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 11569589 59280 2005 0 1 1 1 B 13966853 60972 2005 0 1 1 1 C 2224958 2386 2002 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 2019-20 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 2019- 20 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 2018-19 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 2019-20 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 2019-20 YEAR WAS $33,328. INVESTMENTS, PLEDGES, CAPITAL ASSETS AND CHARITABLE GIFT ANNUITY. 2020-06-30 144022591 FMV 832300241 CAL POLY POMONA PHILANTHROPIC FOUNDATION 3801 WEST TEMPLE AVENUE POMONA CA 91768 501(C)(3) 1 0 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: SORAYA COLEY AND DANIEL MONTPLAISIR ARE ON THE BOARD OF BOTH CAL POLY POMONA FOUNDATION AND THE PHILANTHROPIC FOUNDATION. SEAN YU RESIGNED FROM THE FOUNDATION'S BOARD AND HAS BECOME A BOARD MEMBER OF THE PHILANTHROPIC FOUNDATION. PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: DURING FISCAL YEAR 2019-20, THE FOUNDATION TRANSFERRED, BY GIFT, APPROXIMATELY $144 MILLION OF RESTRICTED ASSETS TO THE PHILANTHROPIC FOUNDATION. RESTRICTED ASSETS TRANSFERRED INCLUDED ENDOWMENTS OF $101.5 MILLION, SCHOLARSHIPS OF $4.6 MILLION, PROGRAMS OF $21.9 MILLION, AND PLEDGES RECEIVABLE OF $4.7 MILLION, THE MAJORITY CONSISTING OF INVESTMENTS. IN ADDITION, THE FOUNDATION TRANSFERRED OTHER RECEIVABLES, CAPITAL ASSETS AND CHARITABLE REMAINDER TRUSTS TOTALING $11.4 MILLION TO THE PHILANTHROPIC FOUNDATION DURING FISCAL YEAR 2019-20. FORM 990, PART III, LINE 3 THE FOUNDATION TRANSFERRED ITS ENTIRE ENDOWMENT FUND, SCHOLARSHIPS FUND, AND OVER HALF PROGRAM FUND AS GIFT TO THE CPP PHILANTHROPIC FOUNDATION IN FY2019-20 AS A RESULT THE FOUNDATION IS NO LONGER TAKING DONATIONS AND GIFTS ON BEHALF OF CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE ANNUAL FORM 990, THE CHIEF FINANCIAL OFFICER SHALL DISTRIBUTE THE FINAL DRAFT OF THE FORM TO EACH MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT. COMMENTS OR CHANGES SUGGESTED BY SUCH BOARD MEMBER SHALL BE FORWARDED TO THE FOUNDATION'S CHIEF FINANCIAL OFFICER, WHO REVISES THE FORM AS NECESSARY AND THEREAFTER SUBMIT THE FORM 990 TO THE INTERNAL REVENUE SERVICE. 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 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: 1.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. 2.ONLY THOSE MEMBERS OF THE BOARD WHO ARE FREE OF CONFLICTS OF INTEREST MAY BE INVOLVED IN EVALUATION OF EXECUTIVE COMPENSATION. 3.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 POINT 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 AN UNINTERESTED THIRD PARTY WITHIN EMPLOYMENT SERVICES. THE OVERALL POINT VALUE DETERMINES 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. THIS ANALYSIS IS CONDUCTED INDEPENDENTLY WITHIN EMPLOYMENT SERVICES 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 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY # 206 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON TRANSFER OF FIXED ASSETS 7,988,871. 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 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 4524402 BOOK VALUE CALIFORNIA STATE POLYTECHNIC UNIVERSITY PONOMA P 10742190 BOOK VALUE CALIFORNIA STATE POLYTECHNIC UNIVERSITY PONOMA Q 14666021 BOOK VALUE