Cal Poly Pomona Foundation Inc.

“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 it to the internal revenue service for filing.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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”

“Rental expenses 2,101,944 fundraising expenses 402,737 gaming expenses 570 cost of goods sold 13,798,804 rental expenses -2,101,944 fundraising expenses -402,737 gaming expenses -570 cost of goods sold -13,798,804”