Overview
What is Cal Poly Pomona Philanthropic Foundation?
Cal Poly Pomona Philanthropic Foundation is a nonprofit organization dedicated to supporting California State Polytechnic University, Pomona. Their primary mission is to secure and manage private funds for the university, aiming to enhance its mission. They achieve this by receiving and managing gift assets, such as endowment and program funds. A notable aspect of their operations involves creating new endowed funds, which are established when a donor contributes a minimum of $50,000 for a specific project or scholarship. The original contribution is invested, and a certain percentage is allocated for annual spending. The foundation's address is 3801 WEST TEMPLE AVENUE, POMONA, CA, 91768.
Official website here: www.cpp.edu/philanthropy
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 100% (Four-Star out of Four Star rating)**
The Cal Poly Pomona Philanthropic Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high standard of accountability and financial health. The foundation scored full marks in critical accountability metrics, demonstrating effective governance with a majority of independent board members and robust financial oversight practices. This indicates a strong commitment to transparency and responsible management of resources.
Financially, the foundation has a favorable profile, maintaining a low liability-to-assets ratio and an excellent program expense ratio, which reflects that a significant portion of their revenue supports their mission. Additionally, their fundraising efficiency suggests that they are able to raise dollars effectively relative to their expenses. These facets highlight the organization's strong financial position and dedication to using funds wisely.
Unfortunately, user reviews from GreatNonprofits were not available to provide additional insights into community sentiments regarding the foundation's work. Nevertheless, the available data demonstrates that the Cal Poly Pomona Philanthropic Foundation operates at a high level of integrity and efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Cal Poly Pomona Philanthropic Foundation legitimate?
Cal Poly Pomona Philanthropic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cal Poly Pomona Philanthropic Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,743,023
For more financial information, click here
Official website here: www.cpp.edu/philanthropy
What is the mission statement of Cal Poly Pomona Philanthropic Foundation?
The Cal Poly Pomona Philanthropic Foundation's mission is to support and advance the mission of California State Polytechnic University, Pomona. To achieve this, the foundation promotes, secures, and stewards private support for the university. This is done by receiving and managing gift assets, including endowment and program funds. When a donor contributes a minimum of $50,000 towards a specific project or scholarship, a new endowed fund is created. The original contribution is invested, and a certain percentage of the gift funds are spent each year.
Official website here: www.cpp.edu/philanthropy
Who is the CEO of Cal Poly Pomona Philanthropic Foundation?
Doug Nelson is the Director of Cal Poly Pomona Philanthropic Foundation. The CEO's salary of Cal Poly Pomona Philanthropic Foundation is $0 and their total compensation is $0.
Official website here: www.cpp.edu/philanthropy
What is the revenue of Cal Poly Pomona Philanthropic Foundation?
Cal Poly Pomona Philanthropic Foundation's revenue in 2023 was $8,048,667.
Official website here: www.cpp.edu/philanthropy
Who are the executives of Cal Poly Pomona Philanthropic Foundation and what are their salaries?
There 1560 volunteers at Cal Poly Pomona Philanthropic Foundation.
Here are 27 key members and their salaries (Cal Poly Pomona Philanthropic Foundation's CEO's salary is $0 and their total compensation is $0):
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- Other: $43,486
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- Other: $60,649
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- Other: $117,071
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- Related: $137,836
- Other: $67,280
- Compensation: $0
- Related: $308,116
- Other: $112,057
Official website here: www.cpp.edu/philanthropy
Where can I find the form 990 for Cal Poly Pomona Philanthropic Foundation?
Cal Poly Pomona Philanthropic Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cpp.edu/philanthropy
Learn more at the official website: www.cpp.edu/philanthropy
Mission Statement of Cal Poly Pomona Philanthropic Foundation
The Cal Poly Pomona Philanthropic Foundation is dedicated to promoting, securing, and stewarding private support for California State Polytechnic University, Pomona. To fulfill its mission, the foundation receives and manages gift assets, including endowment and program funds. By creating new endowed funds, the foundation allows donors to contribute a minimum of $50,000 towards a specific project or scholarship. The original amount is invested, and a certain percentage of the gift funds are spent each year. In essence, the Cal Poly Pomona Philanthropic Foundation serves as a bridge between potential donors and the university, ensuring the continuity and growth of academic programs and scholarships through private funding.
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Impact
July, 2024
The impact of Cal Poly Pomona Philanthropic Foundation is significant in supporting and advancing the mission of California State Polytechnic University, Pomona. Through the creation of new endowed funds, the Foundation ensures sustainable financial support for specific projects and scholarships, benefiting current and future students. By promoting, securing, and stewarding private support for the university, the Foundation plays a key role in enhancing the educational experience and opportunities available to the Cal Poly Pomona community.
This information is meant to be a general summary of Cal Poly Pomona Philanthropic Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: -$6,630,617
- Program Service Revenue: $59,509
- Gross Receipts: $109,309,049
Assets and Liabilities:
- Total Assets: $233,128,639
- Total Liabilities: $1,954,301
- Net Assets: $231,174,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$59,509
Organization Details
Founding Year
2018
Phone
(909) 869-3419Principal Officer
Doug Nelson
Main Address
3801 WEST TEMPLE AVENUE, POMONA, CA, 91768
Website
www.cpp.edu/philanthropyNTEE Category
Code: T99 - Philanthropy
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