2015-12-04T12:59:27-06:00 2015-06-30 DAVID F PRENOVOST CPA 3801 W TEMPLE AVE BLDG 55 POMONA CA 91768 990 2014-07-01 952417645 CAL POLY POMONA FOUNDATION INC CALP 9098692948 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 917684038 G PAUL STOREY EXECUTIVE DIRECTOR 9098692948 2015-12-04 true DAVID F PRENOVOST CPA P00434118 9098692948 2015-12-04 2014 2016-04-25 22:37:26Z G PAUL STOREY 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 917684038 142035585 false X FOUNDATION.CPP.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 8 2082 3000 2732901 29709286 29830397 17058982 17404205 7110276 4587235 16897561 19434668 70776105 71256505 6314811 6008997 0 22934709 24206582 0 1249653 23615881 27343896 52865401 57559475 17910704 13697030 208886622 218075738 39217972 47437163 169668650 170638575 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 11935766 1802938 13174190 RESEARCH ACTIVITIES - POST AWARD ADMINISTRATION FOR EXTERNALLY FUNDED GRANTS AND CONTRACTS. 8353593 1668558 5438973 INSTRUCTIONALLY RELATED PROGRAMS AND ACTIVITIES - INCLUDING SCHOLARSHIPS, WORKSHOPS AND CONFERENCES. 10665940 13395137 DINING SERVICES - PROVIDE DINING VENUES FOR THE CONVENIENCE OF STUDENTS, FACULTY AND STAFF 19224240 2537501 32650448 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 19224240 2537501 32650448 50179539 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 513 0 true 2082 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 J MICHAEL ORTIZ CHAIRMAN 0.50 40.00 X 0 299235 85376 MARTIN DENBOER DESIGNATED D 0.50 40.00 X 0 223268 67894 MAHYAR AMOUZGAR DEAN MEMBER 0.50 40.00 X 0 205810 66764 STEVEN GARCIA VICE CHAIR 0.50 40.00 X 0 198014 60503 JOHN MCGUTHRY DESIGNATED D 0.50 40.00 X 0 180756 65348 DOUGLAS FREER DESIGNATED D 0.50 40.00 X 0 171709 40900 MICHELLE STODDARD DESIGNATED D 0.50 40.00 X 0 164564 46441 REBECCA GUTIERREZ KEETON DESIGNATED D 0.50 40.00 X 0 150580 53189 SEPEHR ESKANDARI FACULTY DIRE 0.50 40.00 X 0 134474 47348 WINNY DONG FACULTY DIRE 0.50 40.00 X 0 132984 43190 DAVID SPEAK DESIGNATED D 0.50 40.00 X 0 113890 43140 SAMIR ANZ FACULTY DIRE 0.50 40.00 X 0 96886 20466 RACHEL DOMINGUEZ SECRETARY/TR 40.00 X 44445 0 8092 SUSIE DIAZ STAFF DIRECT 0.50 40.00 X 0 44206 27645 ROSIE PASOS STAFF DIRECT 0.50 40.00 X 0 40404 26267 CYNTHIA WILLIAMS STAFF DIRECT 0.50 40.00 X 0 33411 23374 SORAYA COLEY CHAIRMAN 0.50 40.00 X 0 0 0 JAMES COX DESIGNATED D 0.50 X 0 0 0 MEI LEIN CHANG MEMBER AT LA 0.50 X 0 0 0 JACK KULP MEMBER AT LA 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 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 DEVON GRAVES STUDENT DIRE 0.50 X 0 0 0 JARED TOLBERT STUDENT DIRE 0.50 X 0 0 0 G PAUL STOREY EXEC DIRECTO 40.00 X 169154 0 46206 DAVID PRENOVOST CHIEF FIN OF 40.00 X 95010 0 70888 KENNETH FISHER HOUSING DIRE 40.00 X 106947 0 11454 RICARDO QUINTERO PROJECT DIRE 40.00 X 104391 0 19492 DENNIS MILLER CHIEF EMPLYM 40.00 X 103462 0 28973 623409 2190191 902950 4 false true false GILBANE BUILDING COMPANY 12671 HIGH BLUFF DR STE 100 SAN DIEGO CA 92130 CONSTRUCTION 5311834 SEA WEST ENTERPRISES INC 373 E FOOTHILL BLVD 200 SAN DIMAS CA 91773 CONSTRUCTION 387369 NUAGE DEVELOPMENT INC 3940-A PROSPECT AVE YORBA LINDA CA 92686 CONSTRUCTION 349611 ONTARIO REFRIGERATION SVC 635 S MOUNTAIN AVENUE ONTARIO CA 91762 MAINTENANCE 204997 PARSONS BRINCKERHOFF INC PO BOX 732476 DALLAS TX 75373 CONSTRUCTION 180488 12 271725 8682236 20876436 1525000 29830397 STUDENT HOUSING 9137429 9137429 CONTINUING EDUCATION 4100819 4100819 UNIVERSITY PROGRAM SUPPORT 2500355 2500355 UBIT - CONFER CENTER & HOTEL 721000 1226447 1226447 CONFERENCE CENTER & HOTEL 413761 413761 25394 25394 17404205 4901226 4901226 2822505 2172853 649652 649652 649652 49739307 2973000 50316218 2710080 -576911 262920 -313991 262920 -576911 271570 271725 421702 -150132 7317 7317 7317 34086058 15158227 18927831 17446771 1481060 71256505 34519024 2732901 4324315 2314625 2314625 3694372 3694372 425693 425693 18498251 16071783 2408728 17740 1318350 1120703 197647 2941569 1861825 1073834 5910 1022719 868578 153182 959 85269 50 25069 60150 97457 5564 91893 260928 167608 93320 4439549 3962511 301537 175501 436754 256704 61293 118757 5076102 4548224 268753 259125 479578 270594 207780 1204 555360 543360 12000 1176555 1150493 19725 6337 1115632 969524 45513 100595 148500 115540 17936 15024 1022230 1022222 8 3234500 3058039 176461 332805 190626 81902 60277 MISCELLANEOUS 2563106 2542217 -14929 35818 MEALS & ENTERTAINMENT 1730995 1305408 35228 390359 UTILITIES 1373777 1318374 55403 REPAIRS AND MAINTENANCE 1045037 933543 110294 1200 2169762 1887052 282013 697 57559475 50179539 6130283 1249653 4340134 9766074 5551384 1860604 10705182 7705352 4274353 4959720 1992747 1936684 161339 172566 102869282 49479051 53012501 53390231 127493795 135555550 869624 809471 485563 1919486 208886622 218075738 3886437 3845954 3861186 4050652 1204437 1474492 28721713 27963553 397466 1544199 9705046 39217972 47437163 X 43193446 34977935 39830986 45444856 86644218 90215784 169668650 170638575 208886622 218075738 13697030 -5319956 -7407149 X false true X true true true X X 1 CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA 954255659 5 true 1662660 7138741 1 8801401 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 1,662,660 OF MONETARY SUPPORT AND 7,138,741 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 5000 5000 57554475 57559475 1000000 250000 1000000 1000000 1000000 3000000 4500000 5775 10000 5000 20775 250000 250000 250000 750000 1125000 5775 10000 5000 20775 86650443 9884478 -1598005 4280892 90051 383904 90182069 69280068 9659385 11516922 3387912 47422 370598 86650443 55570858 9451215 6688965 35321 224525 69280068 55517676 263195 13472 196541 55402155 0.89000 0.11000 false false 7788379 7788379 79602873 37437663 42165210 131863 128616 3247 15346167 11912772 3433395 53390231 PENSION OBLIGATION 4998351 DEFERRED INFLOW - NET PENSION OBLIGA 3210794 UNITRUST LIABILITY 790944 DEPOSITS HELD IN CUSTODY FOR OTHERS 697895 LEASE OBLIGATIONS 7062 9705046 X 83689330 -5319956 17752781 12432825 71256505 71256505 82719405 7407149 17752781 25159930 57559475 57559475 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 2,172,852 FUNDRAISING INCOME 421,702 COST OF GOODS SOLD 15,158,227 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 2,172,852 FUNDRAISING EXPENSES 421,702 COST OF GOODS SOLD 15,158,227 All States HOSPITALITY UNC 430169 242168 188001 304571 TASTING AND AUC 113126 29557 83569 117131 543295 271725 271570 421702 421702 -150132 CA true CAL POLY POMONA UNIVERSITY 3801 W TEMPLE AVE POMONA CA 91768 954255659 2314625 BOOK EQUIPMENT SUPPORT UNIVERSITY GRANTS/CONTRACTS 1800 1802938 SCHOLARSHIPS 1200 1445416 FDN PRGRM STIPENDS 900 223142 STIPENDS 500 222876 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 288235 11000 65656 19720 384611 MARTIN DENBOER DESIGNATED DIRECTOR 223268 50605 17289 291162 MAHYAR AMOUZGAR DEAN MEMBER 205810 44434 22330 272574 STEVEN GARCIA VICE CHAIR 198014 45052 15451 258517 JOHN MCGUTHRY DESIGNATED DIRECTOR 180756 41401 23947 246104 DOUGLAS FREER DESIGNATED DIRECTOR 134571 37138 29253 11647 212609 MICHELLE STODDARD DESIGNATED DIRECTOR 164564 37100 9341 211005 REBECCA GUTIERREZ KEETON DESIGNATED DIRECTOR 150580 34094 19095 203769 SEPEHR ESKANDARI FACULTY DIRECTOR 134474 24384 22964 181822 WINNY DONG FACULTY DIRECTOR 132984 20226 22964 176174 DAVID SPEAK DESIGNATED DIRECTOR 110390 3500 21623 21517 157030 G PAUL STOREY EXEC DIRECTOR 169154 35608 10598 215360 DAVID PRENOVOST CHIEF FIN OFFICER 95010 56739 14149 165898 A CAL POLY POMONA FOUNDATION 952417645 2007-03-14 3350000 false false true B CAL POLY POMONA FOUNDATION 952417645 2013-07-17 10045000 false false true C CAL POLY POMONA FOUNDATION 952417645 2014-07-31 12110000 false false true A 3749783 10101 2002 false true true true B 11569589 59280 2005 false true true true C 13966853 60972 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 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 LIFE 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 110,879 WSA RECOGNIZED DURING THE 2014-15 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 37,836 WAS RECOGNIZED DURING THE 2014- 15 YEAR. CAL POLY POMONA FOUNDATION DURING THE 2014-15 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 THE REMAINING PORTION OF THE 2005A SERIES BONDS. THE BOARD ASSISTED THE FOUNDATION BY ISSUING ITS SYSTEM REVENUE BONDS IN 2014-15 AND APPLIED THE PROCEEDS TOTALING 13,905,881 OF SUCH BONDS TO REDEEM THE 2005 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. THE PROCEEDS ASSOCIATED WITH THE REFUNDING WERE DEPOSITED IN AN ESCROW FUND FOR FUTURE REPAYMENT. THE BONDS ARE CONSIDERED IN SUBSTANCE DEFEASED AND ARE NOT RECORDED ON THE FINANCIAL STATEMENTS. THE DIFFERENCE IN CASH FLOW REQUIREMENTS RELATED TO THE SERIES 2014A REFUNDING AMOUNTED TO A SAVINGS OF APPROXIMATELY 2,339,821. THE PRESENT VALUE OF ECONOMIC GAIN TO THE FOUNDATION AMOUNTS TO APPROXIMATELY 1,608,296. THESE SAVINGS RESULT IN A RECALCULATION OF THE BOND REPAYMENT SCHEDULES. THE PROCEEDS ASSOCIATED WITH THE 2014A REFUNDING BONDS WERE DEPOSITED IN AN ESCROW FUND FOR FUTURE REPAYMENT. AT JUNE 30, 2015, THE OUTSTANDING BALANCE OF THE DEFEASED DEBT TO BE PAID BY THE ESCROW AGENT TOTALED 13,905,881. 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 80,257 WAS RECOGNIZED DURING THE 2014-15 YEAR FOR THE SERIES 2014A BONDS. X 1 1525000 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 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 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 INCOME 2,172,852 FUNDRAISING INCOME 421,702 COST OF GOODS SOLD 15,158,227 RENTAL EXPENSES -2,172,852 FUNDRAISING EXPENSES -421,702 COST OF GOODS SOLD -15,158,227 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 787066 CALIF STATE POLYTECHNIC UNIVERSITY P 9688313 CALIF STATE POLYTECHNIC UNIVERSITY Q 17928461 CALIF STATE POLYTECHNIC UNIVERSITY B 2314625 THIS IS THE THIRD YEAR IN WHICH A SECTION 501(H) ELECTION WAS MADE.