Cal Poly Pomona Philanthropic Foundation
- Assets
- $233.1m
- Revenue
- $8.0m
- Investments
- $14.2m
- Employees
- 0
- Location
- Pomona, CA
- Founding
- 05/2019
- Data as of
- 06/2023
- 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 06/2023, Cal Poly Pomona Philanthropic Foundation generated $8.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (52.5%) each year. All expenses for the organization totaled $13.6m during the year ending 06/2023. 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ahmed A Al-Khatib Director | Trustee | 5 | $0 |
Aliza Ortega Asi President | Trustee | 5 | $0 |
Brett D Berglund Director | Trustee | 5 | $0 |
Daniel E Montplaisir CEO & Director - Term March 2023 | OfficerTrustee | 5 | $0 |
David P Singelyn Vice Chair | OfficerTrustee | 5 | $0 |
Diane G Miller Board Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jw Marriott Los Angeles Catering Services | 6/29/21 | $206,255 |
Ga Technical Services Inc Audio/visual Upgrades | 6/29/21 | $100,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $632,684 |
| Related organizations | $289,087 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,951,249 |
| Noncash contributions included in lines 1a–1f | $7,307,199 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,873,020 |
| Total Program Service Revenue | $59,509 |
| Investment income | $5,820,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,451,445 |
| Net Income from Fundraising Events | -$253,245 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,048,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,032,536 |
| Grants and other assistance to domestic individuals. | $3,239,274 |
| 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 | $1,743,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,583 |
| Payroll taxes | $24,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $603,524 |
| Fees for services: Other | $1,323,027 |
| Advertising and promotion | $37,875 |
| Office expenses | $189,461 |
| Information technology | $90,953 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $464,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,435 |
| Insurance | $22,953 |
| All other expenses | $845,693 |
| Total functional expenses | $13,598,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $977,247 |
| Savings and temporary cash investments | $2,092,249 |
| Pledges and grants receivable | $3,782,233 |
| Accounts receivable, net | $608,034 |
| 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 | $8,706,740 |
| Investments—publicly traded securities | $200,647,763 |
| Investments—other securities | $14,239,081 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,075,292 |
| Total assets | $233,128,639 |
| Accounts payable and accrued expenses | $104,114 |
| 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 | $1,850,187 |
| Total liabilities | $1,954,301 |
| Net assets without donor restrictions | $53,953,008 |
| Net assets with donor restrictions | $177,221,330 |
| 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 | $233,128,639 |
Grants Awarded
Over the last fiscal year, Cal Poly Pomona Philanthropic Foundation has awarded $3,032,536 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA PURPOSE: SUPPORT THE UNIVERSITY | $2,786,138 |
CAL POLY POMONA FOUNDATION INC PURPOSE: CHARITABLE | $246,398 |