Cal Poly Pomona Philanthropic Foundation
- Assets
- $212.8m
- Revenue
- $20.3m
- Investments
- $18.2m
- Employees
- 0
- Location
- Pomona, CA
- Founding
- 05/2019
- Data as of
- 06/2022
- EIN
- 83-2300241
Organization Overview
Cal Poly Pomona Philanthropic Foundation is located in Pomona, CA. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cal Poly Pomona Philanthropic Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Cal Poly Pomona Philanthropic Foundation generated $20.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (49.5%) each year. All expenses for the organization totaled $9.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, SECURE AND STEWARD PRIVATE SUPPORT FOR THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATION OF NEW ENDOWED FUNDS: NEW ENDOWED FUNDS ARE CREATED WHEN A DONOR PROVIDES A MINIMUM OF $50,000 OF FUNDING TOWARDS A SPECIFIC PROJECT OR SCHOLARSHIP. THE DONOR STIPULATES, AND THE FOUNDATION AGREES THAT THE ORIGINAL AMOUNT OF THE CONTRIBUTION WILL BE INVESTED AND A CERTAIN PERCENTAGE OF THE GIFT FUNDS WILL BE SPENT EACH YEAR.
SCHOLARSHIPS: SCHOLARSHIPS PROVIDE FINANCIAL SUPPORT FOR QUALIFIED STUDENTS. RECIPIENTS ARE SELECTED BASED ON CRITERIA ESTABLISHED BY THE DONOR. THAT COULD INCLUDE DEMONSTRATED FINANCIAL NEED OR FOR THOSE WITH A CERTAIN GPA WITHIN A PARTICULAR AREA OF STUDY.
STUDENT SUPPORT: SUPPORT COMES IN MANY FORMS INCLUDING EQUIPMENT USED IN LAB CLASSES, SUPPLIES NEEDED IN A CLASSROOM, AND TRAVEL EXPENSES RELATED TO CONFERENCES AND SEMINARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David P Singelyn Vice Chair | OfficerTrustee | 5 | $0 |
Kristin S Crellin Nominations And Governance Committee Chair | OfficerTrustee | 5 | $0 |
Winny Dong Secretary & Faculty Representative | OfficerTrustee | 5 | $0 |
Michele L Gendreau Development Committee Chair | OfficerTrustee | 5 | $0 |
Walter Allen Alumni Associate Representative & Director | OfficerTrustee | 5 | $0 |
Soraya M Coley University President & Director | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ga Technical Services Inc Audio/visual Upgrades | 6/29/21 | $100,330 |
Jw Marriott Los Angeles Catering Services | 6/29/21 | $206,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $611,052 |
| Related organizations | $137,344 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,838,208 |
| Noncash contributions included in lines 1a–1f | $4,088,526 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,586,604 |
| Total Program Service Revenue | $26,235 |
| Investment income | $6,992,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,393 |
| Net Income from Fundraising Events | -$397,184 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,250,176 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $278,564 |
| Grants and other assistance to domestic individuals. | $3,652,468 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,550,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,134 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,667 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $643,459 |
| Fees for services: Other | $947,799 |
| Advertising and promotion | $53,595 |
| Office expenses | $120,397 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $162,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,435 |
| Insurance | $14,838 |
| All other expenses | $656,838 |
| Total functional expenses | $9,391,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,803 |
| Savings and temporary cash investments | $1,978,570 |
| Pledges and grants receivable | $4,882,134 |
| Accounts receivable, net | $443,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,846,175 |
| Investments—publicly traded securities | $173,356,097 |
| Investments—other securities | $18,231,074 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,736,005 |
| Total assets | $212,751,456 |
| Accounts payable and accrued expenses | $578,546 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,064,627 |
| Total liabilities | $1,643,173 |
| Net assets without donor restrictions | $53,058,150 |
| Net assets with donor restrictions | $158,050,133 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $212,751,456 |
Grants Awarded
Over the last fiscal year, Cal Poly Pomona Philanthropic Foundation has awarded $278,564 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Pomona, CA PURPOSE: CHARITABLE | $234,073 |
CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA PURPOSE: SUPPORT THE UNIVERSITY | $44,491 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Cal Poly Pomona Philanthropic Foundation has recieved totaling $361,926.
| Awarding Organization | Amount |
|---|---|
Gilead Sciences Foundation Foster City, CA PURPOSE: SCHOLARSHIP SUPPORT: DR. JILL ADLER-MOORE MEMORIAL AND DR. LARRY J. MOORE BIOTECHNOLOGY SCHOLARSHIP ENDOWMENT FUND | $105,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $39,388 |
Crankstart Foundation San Francisco, CA PURPOSE: SCHOLARSHIPS | $35,000 |
Crankstart Foundation San Francisco, CA PURPOSE: SCHOLARSHIPS | $35,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $27,168 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: ENDOWMENT | $24,500 |
Endowment Analysis
| Beg. Balance | $165,967,403 |
| Earnings | -$18,872,631 |
| Admin Expense | $1,028,298 |
| Net Contributions | $6,369,980 |
| Other Expense | $3,683,102 |
| Ending Balance | $148,753,352 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Partnerships Inc Portland, OR | $30,268,238 | $16,325,065 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |
The Center For Common Concerns Inc San Francisco, CA | $4,578,561 | $9,221,724 |
Lacentra-Sumerlin Foundation Santa Barbara, CA | $23,655,418 | $9,034,857 |
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
Los Angeles Brotherhood Crusade - Black United Fund Inc Los Angeles, CA | $11,518,152 | $7,122,704 |
Ninos Latinos Unidos Foster Family Agency Bellflower, CA | $3,255,645 | $6,207,449 |
Earn Inc San Francisco, CA | $4,666,013 | $6,096,745 |