2016-12-16T13:42:08-08:00 2016-06-30 DAVID F PRENOVOST CPA 3801 W TEMPLE AVE BLDG 55 POMONA CA 91768 990 2015-07-01 952417645 CAL POLY POMONA FOUNDATION INC CALP 9098692948 3801 WEST TEMPLE AVENUE BLDG 55 POMONA CA 917684038 G PAUL STOREY EXEC DIRECTOR 9098692948 2016-12-16 true DAVID F PRENOVOST CPA P00434118 9098692948 2016-12-16 2015 2017-02-10 21:41:12Z G PAUL STOREY 3801 WEST TEMPLE AVE BLDG 55 POMONA CA 917684038 118572357 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 2104 3000 3536584 -343612 29830397 18947831 17404205 20955986 4587235 -2804620 19434668 19344046 71256505 56443243 6008997 14563357 0 24206582 25914532 0 989164 27343896 26302194 57559475 66780083 13697030 -10336840 218075738 204248526 47437163 45392070 170638575 158856456 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 12308167 2493815 13885010 RESEARCH ACTIVITIES - POST AWARD ADMINISTRATION FOR EXTERNALLY FUNDED GRANTS AND CONTRACTS. 9086688 1896366 7443609 INSTRUCTIONALLY RELATED PROGRAMS AND ACTIVITIES - INCLUDING SCHOLARSHIPS, WORKSHOPS AND CONFERENCES. 10798443 12882875 DINING SERVICES - PROVIDE DINING VENUES FOR THE CONVENIENCE OF STUDENTS, FACULTY AND STAFF 26636617 10173176 32940367 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 26636617 10173176 32940367 58829915 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 510 0 true 2104 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 SORAYA COLEY CHAIRMAN 0.50 40.00 X 0 288533 84218 MAHYAR AMOUZGAR DEAN MEMBER 0.50 40.00 X 0 206029 73286 JOHN MCGUTHRY DESIGNATED D 0.50 40.00 X 0 204182 72598 BRIAN JERSKY DEAN DIRECTO 0.50 40.00 X 0 190559 63739 KATHLEEN STREET DESIGNATED D 0.50 40.00 X 0 152066 44153 SEPEHR ESKANDARI DESIGNATED D 0.50 40.00 X 0 146117 49017 SAMIR ANZ SECRETARY/TR 0.50 40.00 X 0 100412 23101 DAVID SPEAK VICE CHAIR 0.50 40.00 X 0 98774 40912 BEDFORD MCINTOSH DESIGNATED D 0.50 40.00 X 0 88188 31487 SYLVIA ALVA DESIGNATED D 0.50 40.00 X 0 78811 25430 BENJAMIN QUILLIAN DESIGNATED D 0.50 40.00 X 0 48833 15129 RACHEL DOMINGUEZ DESIGNATED D 40.00 X 42843 0 9228 SARAH DE LA PARRA STAFF DIRECT 0.50 40.00 X 0 40614 38832 ROSIE PASOS STAFF DIRECT 0.50 40.00 X 0 40576 29015 JULIAN HERRERA DESIGNATED D 0.50 X 0 0 0 ERICA FRAUSTO MEMBER AT LA 0.50 X 0 0 0 MEI LEIN CHANG MEMBER AT LA 0.50 X 0 0 0 THOMAS GOFF 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 GREG KOMMEL 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 183741 0 40110 DAVID PRENOVOST CHIEF FIN OF 40.00 X 106130 0 57395 KENNETH FISHER HOUSING DIRE 40.00 X 117839 0 1274 DENNIS MILLER CHIEF EMPLYM 40.00 X 117536 0 18160 RICARDO QUINTERO PROJECT DIRE 40.00 X 103336 0 24965 J MICHAEL ORTIZ CHAIRMAN 0.50 40.00 X 0 305959 74711 STEVEN GARCIA VICE CHAIR 0.50 X 0 227591 73088 MARTIN DENBOER DESIGNATED D 0.50 40.00 X 0 168463 40163 REBECCA GUTIERREZ KEETON DESIGNATED D 0.50 40.00 X 0 163901 46426 MICHELLE STODDARD DESIGNATED D 0.50 40.00 X 0 139485 41768 671425 2689093 1018205 5 true true false GILBANE BUILDING COMPANY 12671 HIGH BLUFF DR STE 100 SAN DIEGO CA 92130 CONSTRUCTION 6296062 NUAGE DEVELOPMENT INC 3940-A PROSPECT AVE YORBA LINDA CA 92686 CONSTRUCTION 807243 FEC ELECTRIC INC PO BOX 77 REDLANDS CA 92373 CONSTRUCTION 736219 GM BUSINESS INTERIORS 1099 W LA CADENA DRIVE RIVERSIDE CA 92501 CONSTRUCTION 299830 PARSONS BRINCKERHOFF INC PO BOX 732476 DALLAS TX 75373 CONSTRUCTION 236514 12 182122 10881675 7884034 1386683 18947831 STUDENT HOUSING 9467586 9467586 CONTINUING EDUCATION 5697604 5697604 UNIVERSITY PROGRAM SUPPORT 3523574 3523574 UBIT - CONFER CENTER & HOTEL 721000 1308437 1308437 UBIT - LANTERMAN 900099 660350 660350 298435 271262 27173 20955986 4605521 4605521 2989062 2046355 942707 942707 942707 36856067 1429000 44466048 1229160 -7609981 199840 -7410141 199840 -7609981 383069 182122 448027 -64958 6828 6828 6828 32398993 13939524 18459469 16918845 1540624 56443243 37028246 3536584 -3004460 9932030 9932030 4631327 4631327 387377 387377 19689031 17288342 2382520 18169 1565804 1349578 216226 3113844 2272405 838232 3207 1158476 997596 159832 1048 38850 7769 1908 29173 78946 2200 76596 150 273653 173351 100302 4382008 3706795 544000 131213 510983 335455 69011 106517 4492821 3869158 291403 332260 397783 212566 184584 633 497337 489837 7500 1330418 1316231 9031 5156 1110703 1019045 29301 62357 164176 136800 20969 6407 936022 935433 589 3234903 3050959 183944 274082 191597 88816 -6331 MISCELLANEOUS 2543591 2433422 28219 81950 REPAIRS AND MAINTENANCE 1641575 831813 809762 MEALS & ENTERTAINMENT 1429941 1185637 29769 214535 UTILITIES 1198328 1135428 62900 1766074 1325141 438213 2720 66780083 58829915 6961004 989164 9766074 6293610 1860604 1277421 7705352 5907454 4959720 7369952 1936684 1463751 172566 301499 102119394 53353745 53390231 48765649 135555550 127905067 829407 809471 757026 1919486 3377690 218075738 204248526 3845954 3801779 4050652 3532304 1474492 1592814 27963553 26921204 397466 300901 9705046 9243068 47437163 45392070 X 34977935 35714847 45444856 37537120 90215784 85604489 170638575 158856456 218075738 204248526 -10336840 -1445279 X false true X true true true X X 1 CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA 954255659 5 true 1213041 13373203 1 1213041 13373203 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 1,213,041 OF MONETARY SUPPORT AND 13,373,203 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 67483263 67483263 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 5775 10000 5000 20775 250000 250000 250000 250000 1000000 1500000 5775 10000 5000 20775 90182069 1674226 -4539893 1304318 82896 369453 85559735 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 0.97900 0.02100 false false 7786679 7786679 78403838 40394891 38008947 131863 128616 3247 15797014 12830238 2966776 48765649 PENSION OBLIGATION 5338104 DEFERRED INFLOW - NET PENSION OBLIGA 2437154 DEPOSITS HELD IN CUSTODY FOR OTHERS 751181 UNITRUST LIABILITY 714418 LEASE OBLIGATIONS 2211 9243068 X 71431874 -1445279 16433910 14988631 56443243 56443243 83213993 16433910 16433910 66780083 66780083 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 2,046,359 FUNDRAISING INCOME 448,027 COST OF GOODS SOLD 13,939,524 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 2,046,359 FUNDRAISING EXPENSES 448,027 COST OF GOODS SOLD 13,939,524 All States HOSPITALITY UNC 469803 154432 315371 352243 TASTING AND AUC 95388 27690 67698 95784 565191 182122 383069 448027 448027 -64958 CA true CAL POLY POMONA UNIVERSITY 3801 W TEMPLE AVE POMONA CA 91768 954255659 9932030 BOOK BLDG/EQUIP SUPPORT UNIVERSITY GRANTS/CONTRACTS 2000 2493815 SCHOLARSHIPS 1500 1734516 FDN PRGRM STIPENDS 1000 161850 STIPENDS 600 241146 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 SORAYA COLEY CHAIRMAN 277533 11000 68660 15558 372751 MAHYAR AMOUZGAR DEAN MEMBER 206029 51078 22208 279315 JOHN MCGUTHRY DESIGNATED DIRECTOR 204182 50444 22154 276780 BRIAN JERSKY DEAN DIRECTOR 190559 47146 16593 254298 KATHLEEN STREET DESIGNATED DIRECTOR 152066 38342 5811 196219 SEPEHR ESKANDARI DESIGNATED DIRECTOR 143102 3015 26971 22046 195134 G PAUL STOREY EXEC DIRECTOR 183741 26586 13524 223851 DAVID PRENOVOST CHIEF FIN OFFICER 106130 55393 2002 163525 J MICHAEL ORTIZ CHAIRMAN 231623 74336 57904 16807 380670 STEVEN GARCIA VICE CHAIR 227591 56317 16771 300679 MARTIN DENBOER DESIGNATED DIRECTOR 126906 41557 30484 9679 208626 REBECCA GUTIERREZ KEETON DESIGNATED DIRECTOR 122527 41374 29909 16517 210327 MICHELLE STODDARD DESIGNATED DIRECTOR 134681 4804 33137 8631 181253 A SYSTEM REVENUE BONDS SERIES 2007A 952417645 2007-03-14 3350000 false false true B SYSTEM REVENUE BONDS SERIES 2013A 952417645 2013-07-17 10045000 false false true C SYSTEM REVENUE BONDS SERIES 2014A 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 A true B true C true SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION SYSTEM REVENUE BONDS SERIES 2007A 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. SYSTEM REVENUE BONDS SERIES 2013A 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 IN 2013- 14 (SERIES 2013A) AND APPLIED THE PROCEEDS 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 THE SCHEDULED TERM OF THE CAPITAL LEASE IS 23 YEARS FROM JULY 2013 THROUGH NOVEMBER 2035. PROCEEDS RECEIVED IN EXCESS OF THE DEBT ARE ADDED T 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 USING THE STRAIGHT-LINE METHOD. AMORTIZATION FOR THE SERIES 2013A BONDS RECOGNIZED DURING THE 2015-16 YEAR WAS 110,879. 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 DEBT BY 520,246. AMORTIZATION OF 37,836 WAS RECOGNIZED DURING THE 2015- 16 YEAR. SYSTEM REVENUE BONDS SERIES 2014A 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 (SERIES 2014A) AND APPLIED THE PROCEEDS OF SUCH BONDS TO REDEEM THE 2005A 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. 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 87,553 WAS RECOGNIZED DURING THE 2015-16 YEAR FOR SERIES 2014A BONDS. X 2 1386683 MARKET PLACE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B SECURITIES BROKER 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 THE FORM 990 TO THE INTERNAL REVENUE SERVICE. 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 2,046,359 FUNDRAISING INCOME 448,027 COST OF GOODS SOLD 13,939,524 RENTAL EXPENSES -2,046,359 FUNDRAISING EXPENSES -448,027 COST OF GOODS SOLD -13,939,524 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 798103 CALIF STATE POLYTECHNIC UNIVERSITY P 9808441 CALIF STATE POLYTECHNIC UNIVERSITY Q 11392791 CALIF STATE POLYTECHNIC UNIVERSITY B 9932030 THIS IS THE FOURTH YEAR IN WHICH A SECTION 501(H) ELECTION WAS MADE.