2015-02-25T12:42:43-06:00 2014-06-30 DAVID F PRENOVOST CPA 3801 W TEMPLE AVE BLDG 55 POMONA CA 917684038 990 2013-07-01 952417645 CAL POLY POMONA FOUNDATION INC CALP 9098692948 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 917684038 G PAUL STOREY EXECUTIVE DIRECTOR 9098692948 2015-01-29 true DAVID F PRENOVOST P00434118 9098692948 2015-02-24 2013 2016-02-25 16:41:14Z G PAUL STOREY 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 917684038 112964637 false X FOUNDATION.CSUPOMONA.EDU X 1966 CA 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 24 11 1988 3000 2131769 29049603 29709286 17502252 17058982 2685959 7110276 15356190 16897561 64594004 70776105 6847478 6314811 0 21480646 22934709 0 1208458 25040071 23615881 53368195 52865401 11225809 17910704 184309330 208886622 40266950 39217972 144042380 169668650 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 11154302 1899859 12303604 RESEARCH ACTIVITIES - POST AWARD ADMINISTRATION FOR EXTERNALLY FUNDED GRANTS AND CONTRACTS. 7830153 1771923 5242447 INSTRUCTIONALLY RELATED PROGRAMS AND ACTIVITIES - INCLUDING SCHOLARSHIPS, WORKSHOPS AND CONFERENCES. 8849190 11183580 DINING SERVICES - PROVIDE DINING VENUES FOR THE CONVENIENCE OF STUDENTS, FACULTY AND STAFF 17938820 2643029 30450682 STUDENT HOUSING - PROVIDE STUDENT HOUSING FOR THE CONVENIENCE OF STUDENTS AND RESIDENT LIFE ACTIVITIES A. PROVIDE CONFERENCE CENTER AND LODGE 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 17938820 2643029 30450682 45772465 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 571 0 true 1988 true true true false false false false true true false false false false X 24 11 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 J MICHAEL ORTIZ CHAIRMAN 0.50 40.00 X 0 300479 76640 MARTIN DENBOER DESIGNATED D 0.50 40.00 X 0 217406 60946 RICHARD LAPIDUS DEAN MEMBER 0.50 40.00 X 0 204126 63385 DOUGLAS FREER DESIGNATED D 0.50 40.00 X 0 182091 53177 JOHN MCGUTHRY DESIGNATED D 0.50 40.00 X 0 174728 57111 MICHELLE STODDARD DESIGNATED D 0.50 40.00 X 0 135331 37495 SEPEHR ESKANDARI FACULTY DIRE 0.50 40.00 X 0 131519 42597 DAVID SPEAK DESIGNATED D 0.50 40.00 X 0 110685 40285 STEVEN GARCIA DESIGNATED D 0.50 40.00 X 0 106878 30807 WINNY DONG FACULTY DIRE 0.50 40.00 X 0 104828 38751 RACHEL DOMINGUEZ DESIGNATED D 40.00 X 46391 0 7345 SUSIE DIAZ STAFF DIRECT 0.50 40.00 X 0 42392 24987 CYNTHIA WILLIAMS STAFF DIRECT 0.50 40.00 X 0 36360 24579 DEVON GRAVES STUDENT DIRE 0.05 X 0 0 0 LOWELL OVERTON COMMUNITY DI 0.50 X 0 0 0 MEI LEIN CHANG MEMBER AT LA 0.50 X 0 0 0 OLIVER SANTOS COMMUNITY DI 0.50 X 0 0 0 CHRISTINE HALL DESIGNATED D 0.50 X 0 0 0 JOHNDANIEL MORALES STUDENT DIRE 0.50 X 0 0 0 WILLIAM PRIEST COMMUNITY DI 0.50 X 0 0 0 THOMAS GOFF MEMBER AT LA 0.50 X 0 0 0 MICKEY SEGAL MEMBER AT LA 0.50 X 0 0 0 KATHY TULLY MEMBER AT LA 0.50 X 0 0 0 JACK KULP MEMBER AT LA 0.50 X 0 0 0 G PAUL STOREY EXEC DIRECTO 40.00 X 196635 0 36234 DAVID PRENOVOST CHIEF FIN OF 40.00 X 147753 0 43782 DENNIS MILLER CHIEF EMPLYM 40.00 X 127520 0 15748 SANDRA VAUGHAN-ACTON REAL ESTATE 40.00 X 118296 0 36315 RANDALL TOWNSEND IT DIRECTOR 40.00 X 114683 0 30005 RICARDO QUINTERO PROJECT DIRE 40.00 X 110693 0 16823 KENNETH FISHER HOUSING DIRE 40.00 X 108901 0 10381 EDWIN BARNES III DESIGNATED D 0.50 40.00 X 0 254838 60604 SCOTT WARRINGTON DESIGNATED D 0.50 40.00 X 0 182324 57581 970872 2183985 865578 8 true true false NUAGE DEVELOPMENT INC 3940-A PROSPECT AVE YORBA LINDA CA 92686 CONSTRUCTION 667500 COASTAL BUILDING SERVICES INC 1295 N TUSTIN AVE ANAHEIM CA 92807 CUSTODIAL 255951 PROWEST PAINTING AND WATERPROOFING 1055 SEGOVIA CIRCLE PLACENTIA CA 92870 PAINTING 163357 CALICO BUILDING SERVICES INC 15550 - C ROCKFIELD BLVD IRVINE CA 92618 CUSTODIAL 148759 TIME WARNER CABLE PO BOX 60074 CITY OF INDUSTRY CA 91716 DATA 120773 9 365295 9501545 19842446 822700 29709286 STUDENT HOUSING 8338860 8338860 CONTINUING EDUCATION 4679405 4679405 UNIVERSITY PROGRAM SUPPORT 2631807 2631807 UBIT - CONFER CENTER & LODGE 721000 1176615 1176615 CONFERENCE CENTER & LODGE 217657 217657 14638 14638 17058982 3288925 3288925 2653868 2101944 551924 551924 551924 28187828 1518000 24408591 1475886 3779237 42114 3821351 42114 3779237 232449 365295 402737 -170288 14839 570 14269 14269 30300460 13798804 16501656 15561140 940516 70776105 32037176 2131769 7068162 2538970 2538970 3775841 3775841 424404 424404 17417849 15035712 2183997 198140 933688 795657 138031 3098998 1723389 1354139 21470 1059770 893071 154930 11769 118774 3264 25052 90458 169966 10403 159563 227536 165092 62444 3910045 3524638 234006 151401 411958 217981 66582 127395 4762418 4278386 226139 257893 260790 170150 85921 4719 434813 434813 1159955 1093369 47137 19449 1039722 939265 25452 75005 231333 192208 25183 13942 1173958 1173720 238 2919996 2794812 125184 204413 192580 55887 -44054 MISCELLANEOUS 1588863 1542820 35849 10194 MEALS & ENTERTAINMENT 1367913 1077259 22082 268572 UTILITIES 1267446 1216754 50431 261 REPAIRS AND MAINTENANCE 1007223 912375 93048 1800 1358759 1069936 288779 44 52865401 45772465 5884478 1208458 5043523 4340134 1271829 5551384 10119893 10705182 4178428 4274353 1844311 1992747 208798 161339 98611463 45598962 55047200 53012501 104948910 127493795 933938 869624 712500 485563 184309330 208886622 5154186 3886437 3384316 3861186 1209234 1204437 28929218 28721713 1589996 1544199 40266950 39217972 X 39153897 43193446 35616622 39830986 69271861 86644218 144042380 169668650 184309330 208886622 17910704 7715566 X false true X true true true X X X X false false false CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA 954255659 5 true true true 1441260 1 1441260 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 10000 66245447 66255447 1000000 250000 1000000 1000000 2000000 3000000 5775 10000 15775 250000 250000 500000 750000 5775 10000 15775 69280068 9659385 11516922 3387912 47422 370598 86650443 55570858 9451215 6688965 35321 224525 69280068 55517676 263195 13472 196541 55402155 0.81000 0.19000 false false 7294243 7294243 77016196 34313964 42702232 131863 128616 3247 14169161 11156382 3012779 53012501 UNITRUST LIABILITY 878284 DEPOSITS HELD IN CUSTODY FOR OTHERS 654002 LEASE OBLIGATIONS 11913 1544199 X 94795726 7715566 16304055 24019621 70776105 70776105 69169456 16304055 16304055 52865401 52865401 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 SOI(C) (3) AND 2370L(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 EXPENSES 2,101,944 FUNDRAISING EXPENSES 402,737 GAMING EXPENSES 570 COST OF GOODS SOLD 13,798,804 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 2,101,944 FUNDRAISING EXPENSES 402,737 GAMING EXPENSES 570 COST OF GOODS SOLD 13,798,804 All States HOSPITALITY UNC 492179 316274 175905 294812 TASTING AND AUC 105565 49021 56544 107925 597744 365295 232449 402737 402737 -170288 CA true CAL POLY POMONA UNIVERSITY 3801 W TEMPLE AVE POMONA CA 91768 954255659 2538970 BOOK EQUIPMENT SUPPORT UNIVERSITY GRANTS/CONTRACTS 2000 1899859 SCHOLARSHIPS 1500 1473882 STIPENDS 800 298041 STIPENDS 20 104059 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 J MICHAEL ORTIZ CHAIRMAN 288479 12000 60720 15920 377119 MARTIN DENBOER DESIGNATED DIRECTOR 217406 45391 15555 278352 RICHARD LAPIDUS DEAN MEMBER 204126 42873 20512 267511 DOUGLAS FREER DESIGNATED DIRECTOR 182091 37958 15219 235268 JOHN MCGUTHRY DESIGNATED DIRECTOR 174728 36599 20512 231839 MICHELLE STODDARD DESIGNATED DIRECTOR 135331 28233 9262 172826 SEPEHR ESKANDARI FACULTY DIRECTOR 131519 22195 20402 174116 DAVID SPEAK DESIGNATED DIRECTOR 110685 19883 20402 150970 G PAUL STOREY EXEC DIRECTOR 196635 24500 11734 232869 DAVID PRENOVOST CHIEF FIN OFFICER 147753 41971 1811 191535 SANDRA VAUGHAN-ACTON REAL ESTATE DIRECTOR 118296 23239 13076 154611 EDWIN BARNES III DESIGNATED DIRECTOR 223600 31238 45385 15219 315442 SCOTT WARRINGTON DESIGNATED DIRECTOR 182324 38309 19272 239905 A CAL POLY POMONA FOUNDATION 952417645 2007-03-14 3350000 true false true B CAL POLY POMONA FOUNDATION 952417645 2005-04-14 28570000 false false true C CAL POLY POMONA FOUNDAITON 952417645 2013-07-17 10045000 true false true A 3535000 3535000 192320 244697 3749783 10101 27133 2002 false true true true B 10515000 1199710 303199 28189000 174741 2005 false false true true C 10515000 11569589 11510309 59280 2005 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 SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION CAL POLY POMONA FOUNDATION DURING THE 2006-07 FISCAL YEAR, THE FOUNDATION ENTERED INTO A GROUND AND 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 2000 SERIES BONDS. THE BOARD ASSISTED THE FOUNDATION BY ISSUING ITS SYSTEM REVENUE BONDS IN 2006- 07 AND APPLIED THE PROCEEDS TOTALING 3,749,783 OF SUCH BONDS TO REDEEM THE 2000 SERIES BONDS MATURING ON AND AFTER 2013 THROUGH 2025 CALLABLE ON FEBRUARY 1, 2011. 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 332,750 AND THE SCHEDULED TERM OF THE CAPITAL LEASE IS 18 YEARS FROM MARCH 2007 THROUGH MAY 2025. CAL POLY POMONA FOUNDATION DURING THE 2003-04 FISCAL YEAR, THE FOUNDATION ENTERED INTO A GROUND AND FACILITIES LEASE AGREEMENT (CAPITAL LEASE) WITH THE STATE OF CALIFORNIA, ACTING THROUGH THE BOARD OF TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY (BOARD) AND AGREED TO UNDERTAKE THE FINANCING OF CERTAIN CAPITAL COSTS WITH RESPECT TO THE UNIVERSITY VILLAGE PHASE III CONSTRUCTION BY THE BOARD OF AN ADDITIONAL 466 BED-SPACES (THE "PROJECT") AT THE UNIVERSITY VILLAGE STUDENT HOUSING COMPLEX LOCATED AT CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA. THE BOARD ASSISTED THE FOUNDATION BY ISSUING ITS SYSTEM REVENUE BONDS IN 2004-05 AND APPLIED THE PROCEEDS TOTALING 29,866,650 OF SUCH BONDS TO THE CONSTRUCTION AND ACQUISITION OF THE PROJECT BY THE BOARD; AND LEASING 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 1,830,625 AND THE SCHEDULED TERM OF THE CAPITAL LEASE IS 31 YEARS FROM COMPLETION OF THE CONSTRUCTION OF THE PROJECT IN SEPTEMBER 2005. CAL POLY POMONA FOUNDAITON DURING THE 2013-14 FISCAL YEAR, THE FOUNDATION ENTERED INTO A GROUND AND 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 SERIES 2013A IN 2013-14 AND APPLIED A PORTION OF THE PROCEEDS TOTALING 11,510,309 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 (II) THE SCHEDULED TERM OF THE CAPITAL LEASE IS 18 YEARS FROM MARCH 2015 THROUGH MAY 2027. THE DIFFERENCE IN CASH FLOW REQUIREMENTS RELATED TO THE SERIES 2013A REFUNDING AMOUNTED TO A SAVINGS OF APPROXIMATELY 806,190. THE PRESENT VALUE OF ECONOMIC GAIN TO THE FOUNDATION AMOUNTS TO APPROXIMATELY 685,409. THESE SAVINGS RESULT IN A RECALCULATION OF THE BOND REPAYMENT SCHEDULES. THE PROCEEDS ASSOCIATED WITH THE 2013A REFUNDING BONDS WERE DEPOSITED IN AN ESCROW FUND FOR FUTURE REPAYMENT. AT JUNE 30, 2014, THE OUTSTANDING BALANCE OF THE DEFEASED DEBT TO BE PAID BY THE ESCROW AGENT TOTALED 11,510,309. THESE BONDS ARE CONSIDERED IN SUBSTANCE DEFEASED AND ARE NOT RECORDED ON THE FINANCIAL STATEMENTS. PROCEEDS RECEIVED IN EXCESS OF THE DEBT ARE ADDED TO THE MATURITY AMOUNT AND AMORTIZED TO INTEREST EXPENSE OVER THE LIFT OF THE LIABILITY. THE SERIES 2013A BONDS INCLUDED A PREMIUM OF 1,524,589, WHICH IS AMORTIZED TO INTEREST EXPENSE USING THE STRAIGHT-LINE METHOD. AMORTIZATION OF 101,640 WSA RECOGNIZED DURING THE 2013-14 YEAR FOR SERIES 2013A 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 DEBY BY 520,246. AMORTIZATION OF 34,683 WAS RECOGNIZED DURING THE 2013- 14 YEAR. X 1 822700 APPRAISAL false true true SCHEDULE M, PAGE 1, PART I, LINE 32B SECURITIES BROKER, AUCTION CO., REAL ESTATE AGENT 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 LODGE 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 IT TO THE INTERNAL REVENUE SERVICE FOR FILING. 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 EXPENSES 2,101,944 FUNDRAISING EXPENSES 402,737 GAMING EXPENSES 570 COST OF GOODS SOLD 13,798,804 RENTAL EXPENSES -2,101,944 FUNDRAISING EXPENSES -402,737 GAMING EXPENSES -570 COST OF GOODS SOLD -13,798,804 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 779711 CALIF STATE POLYTECHNIC UNIVERSITY P 11737067 CALIF STATE POLYTECHNIC UNIVERSITY Q 12067167 CALIF STATE POLYTECHNIC UNIVERSITY B 2538970 THIS IS THE SECOND YEAR IN WHICH A SECTION 501(H) ELECTION WAS MADE.