2012-04-13T16:40:24-05:00 2011-06-30 DAVID F PRENOVOST CPA 3801 W TEMPLE AVE BLDG 55 POMONA CA 91768 990 2010-07-01 952417645 CAL POLY POMONA FOUNDATION INC CALP 9098692948 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 917684038 G PAUL STOREY 9098692948 2012-04-12 true DAVID F PRENOVOST CPA 9098692948 2012-04-13 2010 2016-02-24 21:20:13Z G PAUL STOREY 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 917684038 85478364 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 20 7 1849 3000 2037837 -24187 17177674 24990699 15904126 18027514 701282 434497 12692587 14551015 46475669 58003725 4317702 3313108 0 21014107 20790609 0 928171 21981061 23546727 47312870 47650444 -837201 10353281 101670451 112313332 54028700 54318300 47641751 57995032 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 13696111 1223165 RESEARCH ACTIVITIES - POST AWARD ADMINISTRATION FOR EXTERNALLY FUNDED GRANTS AND CONTRACTS. 6404742 1118450 6106172 INSTRUCTIONALLY RELATED PROGRAMS AND ACTIVITIES - INCLUDING SCHOLARSHIPS, WORKSHOPS AND CONFERENCES. 6740974 320682 8511311 DINING SERVICES - PROVIDE DINING VENUES FOR THE CONVENIENCE OF STUDENTS, FACULTY AND STAFF 14410973 650811 16979648 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 14410973 650811 16979648 41252800 true false false false false false false false false false true false false false true true true false 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 false true 511 0 true 1849 true true true false false false false true true false false false false X 20 7 false false true false false false false true true false false true true true true true true true true true true CA X X DAVID F PRENOVOST CPA 9098692948 3801 W TEMPLE AVE BUILDING 55 POMONA CA 91768 J MICHAEL ORTIZ 0.50 X 0 288431 63551 EDWIN BARNES III 0.50 X 0 204668 49386 MARTIN DENBOER 0.50 X 0 204657 44087 ANDREW FEINSTEIN 0.50 X 0 201497 52626 SCOTT WARRINGTON 0.50 X 0 172558 48196 DOUGLAS FREER 0.50 X 0 170928 35020 STEPHANIE DODA 0.50 X 0 165192 42668 EDWARD MERITT 0.50 X 0 106985 31095 LISA ALEX 0.50 X 0 95650 17116 WINNY DONG 0.50 X 0 86007 32133 BECKY PEPPING 0.50 X 0 51827 16025 CASSANDRA REYES 0.50 X 0 46649 20954 SUSIE DIAZ 0.50 X 0 39908 19624 JONATHAN JIANU 0.50 X 0 0 0 LOWELL OVERTON 0.50 X 0 0 0 MEI LEIN CHANG 0.50 X 0 0 0 OLIVER SANTOS 0.50 X 0 0 0 ISMAEL SOULEY 0.50 X 0 0 0 CHRIS CHEN 0.50 X 0 0 0 WILLIAM PRIEST 0.50 X 0 0 0 G PAUL STOREY 40.00 X 172545 0 44810 BALZER ROBERT 40.00 X 230730 0 25109 DAVID PRENOVOST 40.00 X 131446 0 27662 KAREN WARD 40.00 X 113638 0 18449 SANDRA VAUGHAN-ACTON 40.00 X 108874 0 40712 DENNIS MILLER 40.00 X 102797 0 15859 860030 1834957 645082 11 false true false SULLY-MILLER CONTRACTING CO 135 S STATE COLLEGE BLVD BREA CA 92821 CONSTRUCTION 665551 BELAIRE-WEST LANDSCAPE INC PO BOX 6270 BUENA PARK CA 90622 LANDSCAPING 567919 O'CONNOR CONSTRUCTION MANAGEMENT INC 8851 RESEARCH DR IRVINE CA 92618 CONSTRUCTION 240972 COASTAL BUILDING SERVICES INC 1295 N TUSTIN AVE ANAHEIM CA 92807 CUSTODIAL 206838 CALICO BUILDING SERVICES INC 15550-C ROCKFIELD BLVD IRVINE CA 92618 CUSTODIAL 170399 6 219786 12369149 12401764 723999 24990699 STUDENT HOUSING 7585027 7585027 UNIVERSITY PROGRAM SUPPORT 5977428 5977428 CONTINUING EDUCATION 3048019 3048019 UBIT - CONFER CENTER & LODGE 721000 1241615 1241615 CONFERENCE CENTER & LODGE 171513 171513 3912 3912 18027514 388194 388194 1892673 1715603 177070 177070 177070 10080564 1045000 9987363 1091898 93201 -46898 46303 -46898 93201 124832 219786 187873 -63041 14644 836 13808 13808 27935851 14491066 13444785 12652475 792310 ADMIN FEES AND OTHER INCOME 836145 836145 UNREALIZED INVEST GAIN/LOSS 142248 142248 978393 58003725 30556835 2037837 481395 650811 650811 2662297 2662297 217355 217355 16165274 14169997 1987505 7772 1526567 1321016 205551 1683520 1457842 225151 527 1197893 1036106 161219 568 98445 76618 21827 154468 4425 142919 7124 33077 10570 22507 4209527 3996824 139443 73260 229852 128298 42123 59431 4318189 3904143 188612 225434 375282 132158 237552 5572 295459 295459 901735 854559 45650 1526 987487 886454 9941 91092 153999 132789 9693 11517 1275277 1274308 969 2803014 2640352 162662 353098 234362 90842 27894 MISCELLANEOUS 1747813 1498651 166484 82678 UTILITIES 1211231 1162669 48562 MEALS & ENTERTAINMENT 979726 781192 15462 183072 REPAIRS AND MAINTENANCE 669566 608574 58769 2223 INDIRECT COSTS RETURNED 657354 657354 2092128 1332326 611321 148481 47650444 41252800 5469473 928171 628630 607085 9847610 6136834 2738865 9270266 5637506 8016112 2045663 1579982 294348 335257 93755789 35626447 58538103 58129342 20004563 24760296 233286 421953 1264225 1701877 1791980 101670451 112313332 18010864 18306441 2457147 2843291 953340 1196199 365000 30686847 32242349 1285522 54028700 54318300 X 25231010 27497885 22410741 30497147 47641751 57995032 101670451 112313332 10353281 X X false true true X true true X X X X false false false CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA 954255659 5 true true true 1687344 1 1687344 false false false false false false false false false false 6540699 6540699 74892404 25498189 49394215 131863 128616 3247 12190823 9999642 2191181 58129342 UNITRUST LIABILITY 695994 DEPOSITS HELD IN CUSTODY FOR OTHERS 574254 LEASE OBLIGATIONS 15274 1285522 58003725 47650444 10353281 10353281 57981218 57981218 22507 22507 58003725 47627937 47627937 22507 22507 47650444 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE FRANCHISE TAXES UNDER SECTION 23701 (D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED. THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE 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 (>50%) OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE FOUNDATION FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2006. HARVEST AUCTION 197792 144569 53223 78276 TASTING AND AUC 146826 75217 71609 109597 344618 219786 124832 187873 187873 -63041 CA true CAL POLY POMONA UNIVERSITY 3801 W TEMPLE AVE POMONA CA 91768 954255659 650811 BOOK EQUIPMENT SUPPORT UNIVERSITY GRANTS/CONTRACTS 245 1223165 SCHOLARSHIPS 1524 1118450 STIPENDS 128 320682 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES 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 false false false false false false false false false J MICHAEL ORTIZ 274847 13584 50567 12984 351982 353768 EDWIN BARNES III 204272 396 37274 12112 254054 257110 MARTIN DENBOER 204261 396 37272 6815 248744 ANDREW FEINSTEIN 201437 60 36757 15869 254123 SCOTT WARRINGTON 172420 138 31462 16734 220754 220724 DOUGLAS FREER 170838 90 31174 3846 205948 208617 STEPHANIE DODA 164796 396 30071 12597 207860 G PAUL STOREY 172545 30188 14622 217355 229410 BALZER ROBERT 230730 16792 8317 255839 203172 DAVID PRENOVOST 131446 24424 3238 159108 173428 CAL POLY POMONA FOUNDATION 952417645 2007-03-14 3350000 DURING THE 2006-07 FISCAL YEAR, THE FOUNDATION ENTERED INTO A GROUND AND true false true CAL POLY POMONA FOUNDATION 952417645 2005-04-14 28570000 DURING THE 2003-04 FISCAL YEAR, THE FOUNDATION ENTERED INTO A GROUND AND false false true 3535000 3535000 3787017 192320 244697 3749783 10101 27133 2002 false true true true 29866650 1199710 303199 28189000 174741 2005 false false true true false false false false true true false false false false true true false false false false false false false false false false false false PURPOSE OF ISSUE DESCRIPTION SCHEDULE K CAL POLY POMONA FOUNDATION 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 3749783 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 332750 AND THE SCHEDULED TERM OF THE CAPITAL LEASE IS 18 YEARS FROM MARCH 2007 THROUGH MAY 2025 CAL POLY POMONA FOUNDATION 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 BEDSPACES 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 200405 AND APPLIED THE PROCEEDS TOTALING 29866650 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 1830625 AND THE SCHEDULED TERM OF THE CAPITAL LEASE IS 31 YEARS FROM COMPLETION OF THE CONSTRUCTION OF THE PROJECT IN SEPTEMBER 2005 X 10 676743 MARKET PRICE X TASTING AUCTION 2 47256 DONOR PRICED OR MARKET false true true THIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONS SCHEDULE M, PAGE 1, PART I, LINE 32B SECURITIES BROKER, AUCTION CO., REAL ESTATE AGENT ORGANIZATION'S MISSION 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. ALL OTHER ACHIEVEMENTS DESCRIPTION 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 AUTHORITY DELEGATED TO EXECUTIVE COMMITTEE EXPLANATION FORM 990, PAGE 6, PART VI THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE SUCH SPECIFIC POWERS AND PERFORM SUCH SPECIFIC DUTIES AS PRESCRIBED BY THE BYLAWS OR AS THE BOARD OF DIRECTORS SHALL FROM TIME TO TIME PRESCRIBE OR DIRECT; PROVIDED, HOWEVER, THE EXECUTIVE COMMITTEE MAY NOT AUTHORIZE THE EXPENDITURE OF MORE THAN 100,000 WITHOUT THE PRIOR APPROVAL OF THE BOARD OF DIRECTORS. ALL MEMBERS OF THE FOUNDATION BOARD SHALL RECEIVE NOTICE OF EXECUTIVE COMMITTEE MEETINGS AND MAY ATTEND SUCH MEETINGS WITH VOTING STATUS. AN EXECUTIVE COMMITTEE MEMBER MAY SEND A PROXY FROM THE FOUNDATION SEATED MEMBERSHIP IF HE/SHE IS UNABLE TO ATTEND THE SCHEDULED MEETING. THE PROXY SHALL NOT VOTE ON ANY MATTER CONSIDERED BY THE EXECUTIVE COMMITTEE. ALL EXECUTIVE COMMITTEE MEETINGS SHALL BE OPEN TO THE PUBLIC AND SHALL REQUIRE A QUORUM IN ATTENDANCE FOR ACTION TO BE TAKEN. A QUORUM IS DEFINED AS 1/2 OF THE EXECUTIVE COMMITTEE, PLUS ONE. ANY ACTION TAKEN REQUIRES A TWO-THIRDS (2/3) AFFIRMATIVE VOTE OF THESE MEMBERS PRESENT. IT IS THE RESPONSIBILITY OF THE EXECUTIVE COMMITTEE TO PROVIDE TO THE BOARD OF DIRECTORS INFORMATION REGARDING ANY ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE AT THE NEXT REGULARLY SCHEDULED BOARD MEETING. SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS FORM 990, PAGE 6, PART VI, LINE 4 THE SIGNIFICANT CHANGES TO THE BYLAWS WERE AS FOLLOWS: 1). MEETINGS VIA ELECTRONIC COMMUNICATIONS. ANY MEETING MAY BE HELD BY CONFERENCE TELEPHONE, THROUGH THE INTERNET OR BY MEANS OF ANY OTHER ELECTRONIC COMMUNICATIONS EQUIPMENT, AS LONG AS ALL DIRECTORS PARTICIPATING IN THE MEETING CAN HEAR ONE ANOTHER, AND ANY MEMBERS OF THE PUBLIC IN ATTENDANCE CAN HEAR ALL OF THE DIRECTORS. ALL SUCH DIRECTORS SHALL BE DEEMED TO BE PRESENT IN PERSON AT SUCH MEETINGS; 2). THE AUDIT COMMITTEE WAS ESTABLISHED IN COMPLIANCE WITH THE NONPROFIT INTEGRITY ACT (ACT). THE COMMITTEE IS RESPONSIBLE FOR ASSURING COMPLIANCE WITH THE ACT, INCLUDING BUT NOT LIMITED TO, RECOMMENDING TO THE BOARD OF DIRECTORS THE RETENTION AND TERMINATION OF INDEPENDENT AUDITORS; NEGOTIATING THE INDEPENDENT AUDITORS' COMPENSATION; CONFERRING WITH THE AUDITORS TO SATISFY COMMITTEE MEMBERS THAT THE FINANCIAL AFFAIRS OF THE FOUNDATION ARE IN ORDER; REVIEWING AND DETERMINING WHETHER TO ACCEPT THE AUDIT; ASSURING THAT ANY NONAUDIT SERVICES PERFORMED BY THE AUDITING FIRM CONFORM WITH THE STANDARDS FOR AUDITOR INDEPENDENCE SET FORTH IN THE LATEST REVISION OF THE GOVERNMENT AUDITING STANDARDS ISSUED BY THE COMPTROLLER GENERAL OF THE UNITED STATES; AND APPROVING PERFORMANCE OF NONAUDIT SERVICES BY THE AUDITING FIRM. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 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 FOUNDATIONS' 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 THERAFTER SUBMIT IT TO THE INTERNAL REVENUE SERVICE FOR FILING. ENFORCEMENT OF CONFLICTS POLICY 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. COMPENSATION PROCESS FOR TOP OFFICIAL 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. COMPENSATION PROCESS FOR OFFICERS 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. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION'S GOVERING DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE AND UPON REQUEST. CHANGE IN FINANCIAL REVIEW PROCESS FORM 990, PAGE 12, PART XII, LINE 2C THE AUDIT COMMITTEE WAS ESTABLISHED IN COMPLIANCE WITH THE NONPROFIT INTEGRITY ACT (ACT). THE COMMITTEE IS RESPONSIBLE FOR ASSURING COMPLIANCE WITH THE ACT, INCLUDING BUT NOT LIMITED TO, RECOMMENDING TO THE BOARD OF DIRECTORS THE RETENTION AND TERMINATION OF INDEPENDENT AUDITORS; NEGOTIATING THE INDEPENDENT AUDITORS' COMPENSATION; CONFERRING WITH THE AUDITORS TO SATISFY COMMITTEE MEMBERS THAT THE FINANCIAL AFFAIRS OF THE FOUNDATION ARE IN ORDER; REVIEWING AND DETERMINING WHETHER TO ACCEPT THE AUDIT; ASSURING THAT ANY NONAUDIT SERVICES PERFORMED BY THE AUDITING FIRM CONFORM WITH THE STANDARDS FOR AUDITOR INDEPENDENCE SET FORTH IN THE LATEST REVISION OF THE GOVERNMENT AUDITING STANDARDS ISSUED BY THE COMPTROLLER GENERAL OF THE UNITED STATES; AND APPROVING PERFORMANCE OF NONAUDIT SERVICES BY THE AUDITING FIRM. CALIFORNIA STATE POLYTECHNIC UNIVER 3801 W TEMPLE AVE POMONA CA 91768 954255659 STATE UNIV CA 115 2 N/A false CAL POLY UNIV EDUCATIONAL TRUST 3801 W TEMPLE AVE POMONA CA 91768 956974238 ENDOWMENTS CA 501C3 11C N/A false false true true false false false false false true true true false true false true true true true CAL POLY UNIVERSITY EDUCAT TRUST Q 153180 CAL POLY UNIVERSITY EDUCAT TRUST C 100000 CALIF STATE POLYTECHNIC UNIVERSITY I 739353 CALIF STATE POLYTECHNIC UNIVERSITY O -10627644 CALIF STATE POLYTECHNIC UNIVERSITY P 11015808 CALIF STATE POLYTECHNIC UNIVERSITY Q -650811 CAL POLY UNIVERSITY EDUCAT TRUST K 44802 CAL POLY UNIVERSITY EDUCAT TRUST Q 153180 CAL POLY UNIVERSITY EDUCAT TRUST C 100000 CALIF STATE POLYTECHNIC UNIVERSITY I 739353 CALIF STATE POLYTECHNIC UNIVERSITY O -10627644 CALIF STATE POLYTECHNIC UNIVERSITY P 11015808 CALIF STATE POLYTECHNIC UNIVERSITY Q -650811 CAL POLY UNIVERSITY EDUCAT TRUST K 44802