2018-02-14T13:08:43-08:00 2017-06-30 DAVID F PRENOVOST CPA 3084 COVE LANDING ROAD CHINO HILLS CA 91709 990 2016-07-01 952417645 CAL POLY POMONA FOUNDATION INC CALP 9098692948 3801 WEST TEMPLE AVENUE BLDG 55 POMONA CA 917684038 DAVID PRENOVOST CHIEF FIN OFFICER 9098692948 2018-02-14 true DAVID F PRENOVOST CPA P00434118 9096283945 2018-02-14 D6685CB737092ECF30DE2EEB9D3443A4D8FD4930 26C511A5F4A2BCC204F17D36AE1B4200872CAB59 2016 2021-01-29 14:40:06Z DAVID PRENOVOST 3801 W TEMPLE AVE BLDG 55 POMONA CA 91768 172576936 false X FOUNDATION.CPP.EDU X 1966 CA TO ENGAGE IN ACTIVITIES THAT PRIMARILY SUPPORT, PROMOTE AND ASSIST THE EDUCATIONAL PROGRAMS AT CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA FOR THE BENEFIT OF STUDENTS, FACULTY AND STAFF. 24 8 2198 3000 3796069 -235506 18947831 21374165 20955986 21074526 -2804620 7578609 19344046 21451468 56443243 71478768 14563357 5138973 0 25914532 28536164 0 932150 26302194 27227851 66780083 60902988 -10336840 10575780 204248526 224221839 45392070 46775848 158856456 177445991 X THE CAL POLY POMONA FOUNDATION, INC., ESTABLISHED IN 1966, IS AN INTEGRAL COMPONENT OF THE EDUCATIONAL MISSION OF CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA,(UNIVERSITY). IN PURSUIT OF THIS MISSION, THE FOUNDATION IS A PARTNER IN THE UNIVERSITY COMMUNITY WHICH INCLUDES STUDENTS, FACULTY, STAFF, ADMINISTRATORS, ALUMNI AND MEMBERS OF THE LARGER COMMUNITY. THE FOUNDATION EXISTS TO PROVIDE THE HIGHEST LEVEL OF SERVICE TO THESE CONSTITUENCIES. THE ROLE OF THE FOUNDATION IS TO PROVIDE APPROPRIATE GOODS AND SERVICES AT A REASONABLE AND COMPETITIVE PRICE, TO PROMOTE AND CELEBRATE THE CULTURAL DIVERSITY OF THE UNIVERSITY, TO HELP FOSTER AND MAINTAIN AN EFFECTIVE LEARNING ENVIRONMENT, TO PROVIDE EDUCATIONAL OPPORTUNITIES, TO REFLECT AN INSTITUTIONAL IMAGE OF COMPETENCE AND QUALITY, TO ENCOURAGE COOPERATIVE RELATIONS WITHIN THE UNIVERSITY COMMUNITY, TO PROVIDE ADVICE ON SERVICES AND RESOURCES APPROPRIATE TO EDUCATIONAL NEEDS, TO GENERATE INCOME THAT CAN AUGMENT UNIVERSITY RESOURCES, TO STREN false false 12226334 2298094 13710673 RESEARCH ACTIVITIES - POST AWARD ADMINISTRATION FOR EXTERNALLY FUNDED GRANTS AND CONTRACTS. 9831304 1494270 7713782 INSTRUCTIONALLY RELATED PROGRAMS AND ACTIVITIES - INCLUDING SCHOLARSHIPS, WORKSHOPS AND CONFERENCES. 11556723 14726529 DINING SERVICES - PROVIDE DINING VENUES FOR THE CONVENIENCE OF STUDENTS, FACULTY AND STAFF 17460514 1346609 32435442 STUDENT HOUSING - PROVIDE STUDENT HOUSING FOR THE CONVENIENCE OF STUDENTS AND RESIDENT LIFE ACTIVITIES A. PROVIDE CONFERENCE CENTER AND HOTEL FOR EDUCATIONALLY RELATED ACTIVITIES B. PROVIDE BOOKS, SUPPLIES, ETC. THROUGH THE BOOKSTORE C. PROVIDE NON-CREDIT EDUCATIONALY RELATED COURSES D. PROVIDE AGRICULTURAL-AID-TO-INSTRUCTION COURSES 17460514 1346609 32435442 51074875 true true false true false false false false false true true false false false true true true true false false false false false false true false false true true true true false false false false false false false false false false true false false false false true false false false true 475 0 true 2198 true true true false false false false true true false false false false X 24 8 false false false false false false false true true false false true true true true true true true true false CA X X DAVID F PRENOVOST CPA 9098692948 3801 W TEMPLE AVE BUILDING 55 POMONA CA 91768 SORAYA COLEY CHAIRMAN 0.50 40.00 X 0 320796 97503 SYLVIA ALVA DESIGNATED D 0.50 40.00 X 0 246628 82565 JOHN MCGUTHRY SECRETARY/TR 0.50 40.00 X 0 205471 74273 LEA DOPSON DEAN DIRECTO 0.50 40.00 X 0 178295 55438 UJ FAN FACULTY DIRE 0.50 40.00 X 0 145046 45645 SAMIR ANZ FACULTY DIRE 0.50 40.00 X 0 111134 24949 DAVID SPEAK VICE CHAIR 0.50 40.00 X 0 102085 43576 DANIELLE MANNING DESIGNATED D 0.50 40.00 X 0 89234 26638 LEA JARNAGIN DESIGNATED D 0.50 40.00 X 0 83406 25318 DEBORAH GOMAN STAFF DIRECT 0.50 40.00 X 0 54695 21820 CHRISTINA MORENO-DONATO STAFF DIRECT 0.50 40.00 X 0 46782 34609 SARAH CALDERON DESIGNATED D 0.50 40.00 X 0 42101 32441 DANIEL MONTPLAISIR DESIGNATED D 0.50 40.00 X 0 0 0 URIAH SANDERS DESIGNATED D 0.50 X 0 0 0 ERICA FRAUSTO MEMBER AT LA 0.50 X 0 0 0 MEI LEIN CHANG MEMBER AT LA 0.50 X 0 0 0 THOMAS GOFF MEMBER AT LA 0.50 X 0 0 0 KATHY TULLY MEMBER AT LA 0.50 X 0 0 0 SEAN YU MEMBER AT LA 0.50 X 0 0 0 WILLIAM PRIEST COMMUNITY DI 0.50 X 0 0 0 LOWELL OVERTON COMMUNITY DI 0.50 X 0 0 0 OLIVER SANTOS COMMUNITY DI 0.50 X 0 0 0 GREG KOMMEL STUDENT DIRE 0.50 X 0 0 0 JESSICA SHAHAD STUDENT DIRE 0.50 X 0 0 0 THERESA MENDOZA DESIGNATED D 0.50 40.00 X 0 0 0 G PAUL STOREY EXEC DIRECTO 40.00 X 191042 0 42530 DAVID PRENOVOST CHIEF FIN OF 40.00 X 113938 0 57349 DENNIS MILLER CHIEF EMPLYM 40.00 X 120983 0 18496 RICARDO QUINTERO PROJECT DIRE 40.00 X 104140 0 24471 SANDRA VAUGHAN-ACTON REAL ESTATE 40.00 X 101064 0 50726 631167 1625673 758347 5 false true false TOVEYSHULTZ CONSTRUCTION INC 18261 COLLIER AVENUE UNIT A LAKE ELSINORE CA 92530 MAINTENANCE 577783 INTER-CON SECURITY SYSTEMS 210 S DE LACEY AVENUE PASADENA CA 91105 SECURITY 426237 KIRA CONSTRUCTION INC 1246 VIA VISTA FALLBROOK CA 92028 CONSTRUCTION 290714 ANGELES CONTRACTOR INC 8461 COMMONWEALTH AVE BUENA PARK CA 90621 CONSTRUCTION 187000 CALICO BUILDING SERVICES INC 15550 - C ROCKFIELD BLVD IRVINE CA 92618 CUSTODIAL 184826 9 323502 11977047 9073616 305622 21374165 STUDENT HOUSING 9861186 9861186 CONTINUING EDUCATION 4669398 4669398 UNIVERSITY PROGRAM SUPPORT 3646865 3646865 UBIT - CONFER CENTER & HOTEL 721000 1351011 1351011 UBIT - LANTERMAN 900099 1063545 1063545 482521 449481 33040 21074526 3245305 3245305 3264118 1958554 1305564 1305564 1305564 85722951 3295000 81710869 2973778 4012082 321222 4333304 321222 4012082 294342 323502 542025 -247683 4780 254 4526 4526 34301749 13912688 20389061 19040588 1348473 71478768 39298830 3796069 7257387 1053433 1053433 4085540 4085540 404858 404858 20886337 18458319 2409415 18603 1474529 1279455 195074 4588482 2539262 2043967 5253 1181958 1024694 156231 1033 47069 16168 5981 24920 120226 8175 112051 303965 195087 108878 4296107 3686071 442396 167640 464599 301755 76139 86705 4246795 3718299 287657 240839 497149 241016 255709 424 546745 526945 19800 1597903 1561249 30022 6632 1227742 1083180 41683 102879 374854 342169 17878 14807 901467 901467 3075228 2891765 183463 287791 211637 112824 -36670 REPAIRS AND MAINTENANCE 2230579 813691 1416888 MISCELLANEOUS 2126431 2009835 43317 73279 MEALS & ENTERTAINMENT 1747671 1489235 34653 223783 UTILITIES 1184719 1140266 44453 1950811 1496162 452626 2023 60902988 51074875 8895963 932150 6293610 3398246 1277421 2156543 5907454 7390028 7369952 6378702 1463751 1936347 301499 271909 98417046 52750009 48765649 45667037 127905067 144072699 829407 6625966 757026 713912 3377690 5610450 204248526 224221839 3801779 4099739 3532304 3137051 1592814 1477466 26921204 25772852 300901 202493 9243068 12086247 45392070 46775848 X 35714847 42587651 37537120 38683038 85604489 96175302 158856456 177445991 204248526 224221839 10575780 8013755 X false true X true true true X X 1 CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA 954255659 5 true 1050134 6265956 1 1050134 6265956 true false false false false false false false false false false false false false false true true true X true true PART IV, SECTION D, LINE 3 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 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. GIFTS, BEQUESTS, ENDOWMENTS, TRUSTS AND SIMILAR GIFT MANAGEMENT D. PUBLIC RELATIONS, FUNDRAISING AND FUND MANAGEMENT F. BOOKSTORES G. FOOD SERVICES H. CAMPUS SERVICES I. ACQUISITION AND DEVELOPMENT OF REAL PROPERTY J. OTHER FUNCTIONS APPROVED BY THE BOARD OF TRUSTEES AND AUTHORIZED BY THE UNIVERSITY PART IV, SECTION E, LINE 2B 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, ARE MORE EFFECTIVELY ACCOMPLISHED BY THE USE OF THE FOUNDATION. SUPPLEMENTAL INFORMATION CAL POLY POMONA FOUNDATION PROVIDED 1,050,134 OF MONETARY SUPPORT AND 6,265,956 OF ESTIMATED OTHER SUPPORT, INCLUDING FAIR MARKET VALUE OF GOODS, OTHER PROPERTY, SERVICES AND USE OF FACILITIES THAT IS PROVIDED TO OR FOR THE BENEFIT OF THE UNIVERSITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60902988 60902988 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 10000 5000 15000 250000 250000 250000 250000 1000000 1500000 10000 5000 15000 85559735 207095 11677854 962823 8194 334168 96139499 90182069 1674226 -4539893 1304318 82896 369453 85559735 86650443 9884478 -1598005 4280892 90051 383904 90182069 69280068 9659385 11516922 3387912 47422 370598 86650443 55570858 9451215 6688965 35321 224525 69280068 0.93460 0.06540 false false 7733072 7733072 76991883 41376587 35615296 131863 128616 3247 13560228 11244806 2315422 45667037 PENSION OBLIGATION 8352723 DEFERRED INFLOW - NET PENSION OBLIGA 2129653 DEPOSITS HELD IN CUSTODY FOR OTHERS 821214 UNITRUST LIABILITY 708818 UNAMORTIZED GAIN ON DEBT REFUNDING 73839 12086247 X 95905788 8013755 16413265 24427020 71478768 71478768 77316253 16413265 16413265 60902988 60902988 SCHEDULE D, PAGE 2, PART V, LINE 4 PERMANENT ENDOWMENTS ARE FUNDS RECEIVED FROM DONORS WITH THE STIPULATION THAT THE PRINCIPAL REMAINS INTACT AND INVESTED IN PERPETUITY TO PRODUCE INCOME THAT WILL BE DISTRIBUTED AND EXPENDED FOR PURPOSES SPECIFIED BY THE DONOR. SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS ORGANIZED UNDER THE NONPROFIT PUBLIC BENEFIT LAWS OF CALIFORNIA AND IS RECOGNIZED AS AN EXEMPT ORGANIZATION FOR BOTH FEDERAL AND CALIFORNIA PURPOSES UNDER SECTION 501 (C) (3) AND 23701 (D), RESPECTIVELY. 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 IS UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE FOUNDATION FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL JURISDICTIONS AND THE STATE OF CALIFORNIA. WITH FEW EXCEPTIONS, THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL INCOME 1,958,552 FUNDRAISING INCOME 542,025 COST OF GOODS SOLD 13,912,688 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 1,958,552 FUNDRAISING EXPENSES 542,025 COST OF GOODS SOLD 13,912,688 All States HOSPITALITY UNC 492875 278948 213927 432445 TASTING AND AUC 124969 44554 80415 109580 617844 323502 294342 542025 542025 -247683 CA true CAL POLY POMONA UNIVERSITY 3801 W TEMPLE AVE POMONA CA 91768 954255659 1053433 BOOK BLDG/EQUIP SUPPORT UNIVERSITY GRANTS/CONTRACTS 2000 2298094 SCHOLARSHIPS 1200 1333259 FDN PRGRM STIPENDS 1000 161011 STIPENDS 800 293176 SCHEDULE I, PAGE 1, 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 ASSURE 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 X true true X X false false false false false false false false false SORAYA COLEY CHAIRMAN 308796 12000 79854 17649 418299 SYLVIA ALVA DESIGNATED DIRECTOR 246628 63836 18729 329193 JOHN MCGUTHRY SECRETARY/TREASURER 205471 53892 20381 279744 LEA DOPSON DEAN DIRECTOR 178295 46199 9239 233733 UJ FAN FACULTY DIRECTOR 143046 2000 31705 13940 190691 G PAUL STOREY EXEC DIRECTOR 191042 28777 13753 233572 DAVID PRENOVOST CHIEF FIN OFFICER 113938 55398 1951 171287 SANDRA VAUGHAN-ACTON REAL ESTATE DIRECTOR 101064 29447 21279 151790 SCHEDULE J, PAGE 1, PART I, LINE 1A TRAVEL FOR COMPANIONS - THE SPOUSE OF SORAYA COLEY (CHAIRMAN OF THE BOARD) ACCOMPANIED HER TO A DONOR LUNCHEON. THE AMOUNT OF 185 WAS NOT TREATED AS TAXABLE COMPENSATION. PERSONAL SERVICES - MAID SERVICES WAS PROVIDED FOR SORAYA COLEY (CHAIRMAN OF THE BOARD) AT HER RESIDENCE LOCATED ON CAMPUS. THE AMOUNT OF 11,340 WAS NOT TREATED AS TAXABLE COMPENSATION. A SYSTEM REVENUE BONDS SERIES 2013A 952417645 2013-07-17 10045000 DURING THE 2013-14 FISCAL YEAR, THE FOUNDATION ENTERED INTO A GROUND AND false false true B SYSTEM REVENUE BONDS SERIES 2014A 952417645 2014-07-31 12110000 DURING THE 2014-15 FISCAL YEAR, THE FOUNDATION ENTERED INTO A GROUND AND false false true C SYSTEM REVENUE BONDS SERIES 2017A&B 952417645 2017-02-08 1950000 DURING THE 2016-2017 FISCAL YEAR, THE FOUNDATION ENTERED INTO A GROUND AND false false true A 11569589 59280 2005 false true true true B 13966853 60972 2005 false true true true C 2224958 2386 2002 false true true true A false false false false false false false B false false false false false false false C false false false false false false false A false false false false false false false false false B false false false false false false false false false C false false false false false false false false false A true B true C true 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 23 YEARS FROM JULY 2013 THROUGH NOVEMBER 2035. PROCEEDS RECEIVED IN EXCESS OF THE DEBT ARE ADDED T 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 2016-17 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 2016- 17 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 22 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 2016-17 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 2016-17 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. 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 2016-17 YEAR WAS 13,887. THE DIFFERENCE BETWEEN THE REACQUISITION PRICE AND THE NET CARRYING AMOUNT ON THE SERIES 2007 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 WERE LESS THAN THE EXISTING CARRYING VALUE OF THE REFUNDED DEBT BY 77,767. AMORTIZATION OF 3,928 WAS RECOGNIZED DURING THE 2016-17 YEAR. X 15 126586 MARKET VALUE X AUCTION ITEMS 450 179036 MARKET VALUE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B SECURITIES BROKER FORM 990 - ORGANIZATION'S MISSION THE CAL POLY POMONA FOUNDATION, INC., ESTABLISHED IN 1966, IS AN INTEGRAL COMPONENT OF THE EDUCATIONAL MISSION OF CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA,(UNIVERSITY). IN PURSUIT OF THIS MISSION, THE FOUNDATION IS A PARTNER IN THE UNIVERSITY COMMUNITY WHICH INCLUDES STUDENTS, FACULTY, STAFF, ADMINISTRATORS, ALUMNI AND MEMBERS OF THE LARGER COMMUNITY. THE FOUNDATION EXISTS TO PROVIDE THE HIGHEST LEVEL OF SERVICE TO THESE CONSTITUENCIES. THE ROLE OF THE FOUNDATION IS TO PROVIDE APPROPRIATE GOODS AND SERVICES AT A REASONABLE AND COMPETITIVE PRICE, TO PROMOTE AND CELEBRATE THE CULTURAL DIVERSITY OF THE UNIVERSITY, TO HELP FOSTER AND MAINTAIN AN EFFECTIVE LEARNING ENVIRONMENT, TO PROVIDE EDUCATIONAL OPPORTUNITIES, TO REFLECT AN INSTITUTIONAL IMAGE OF COMPETENCE AND QUALITY, TO ENCOURAGE COOPERATIVE RELATIONS WITHIN THE UNIVERSITY COMMUNITY, TO PROVIDE ADVICE ON SERVICES AND RESOURCES APPROPRIATE TO EDUCATIONAL NEEDS, TO GENERATE INCOME THAT CAN AUGMENT UNIVERSITY RESOURCES, TO STRENGTHEN UNIVERSITY IDENTITY AND TO RECOGNIZE AND PROVIDE VISIBILITY FOR THE ACHIEVEMENTS OF MEMBERS OF THE UNIVERSITY COMMUNITY. THE FOUNDATION IS A RECOGNIZED AUXILIARY OF THE CALIFORNIA STATE UNIVERSITY SYSTEM AND CONFORMS TO THE CALIFORNIA CODE OF REGULATIONS, TITLE 5, SECTION 42400 ET SEQ. ESTABLISHED BY THE TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY. THE UNIVERSITY'S ADMINISTRATIVE ORGANIZATION SUPERVISES THE FOUNDATION, AS REQUIRED BY TITLE 5, CALIFORNIA CODE OF REGULATIONS, SECTION 42402. FORM 990, PAGE 2, PART III, LINE 4D STUDENT HOUSING - PROVIDE STUDENT HOUSING FOR THE CONVENIENCE OF STUDENTS AND RESIDENT LIFE ACTIVITIES A. PROVIDE CONFERENCE CENTER AND HOTEL FOR EDUCATIONALLY RELATED ACTIVITIES B. PROVIDE BOOKS, SUPPLIES, ETC. THROUGH THE BOOKSTORE C. PROVIDE NON-CREDIT EDUCATIONALY RELATED COURSES D. PROVIDE AGRICULTURAL-AID-TO-INSTRUCTION COURSES FORM 990, PAGE 6, PART VI, LINE 11B AT LEAST TWO WEEKS PRIOR TO 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 SHALL REVISE THE FORM IF NECESSARY AND THEREAFTER SUBMIT THE FORM 990 TO THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, 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., IMMEDIATELY. 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 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, PAGE 6, PART VI, LINE 15A 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 SHALL REVIEW 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, PAGE 6, PART VI, LINE 15B 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 POSITIONS FROM AS MANY AS 50 OTHER CSU AUXILIARIES, AND ALSO INCLUDES A REVIEW OF THE PUBLISHED CSU SALARY LETTERS AND THEIR RESPECTIVE WRITTEN JOB DESCRIPTIONS. TOGETHER WE USE THIS DATA ALONG WITH OUR OWN HISTORICAL PRACTICES TO DEVELOP OUR SALARY RANGES, AND THIS ANALYSIS AND THE ASSOCIATED SALARY FRAMEWORK IS CONDUCTED INDEPENDENTLY WITHIN EMPLOYMENT SERVICES, AND ULTIMATELY REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, AND DOCUMENTED ACCORDINGLY. FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION'S GOVERING 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 RENTAL INCOME 1,958,552 FUNDRAISING INCOME 542,025 COST OF GOODS SOLD 13,912,688 RENTAL EXPENSES -1,958,552 FUNDRAISING EXPENSES -542,025 COST OF GOODS SOLD -13,912,688 CALIFORNIA STATE POLYTECHNIC UNIVER 3801 W TEMPLE AVE POMONA CA 91768 954255659 STATE UNIV CA 115 2 N/A false false true false false false false false false false true true true false true false true true false false CALIF STATE POLYTECHNIC UNIVERSITY J 805456 CALIF STATE POLYTECHNIC UNIVERSITY P 10241638 CALIF STATE POLYTECHNIC UNIVERSITY Q 16211378 CALIF STATE POLYTECHNIC UNIVERSITY B 1053433