Exempt Organization Business Income Tax Return. (and proxy tax under section 6033(e)) 07/01/16 06/30/17

Transcription

1 /14/ :12 PM Form 990-T Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e)) 07/01/16 06/30/17 OMB No For calendar year 2016 or other tax year beginning , and ending Department of the Treasury Information about Form 990-T and its instructions is available at Internal Revenue Service Do not enter SSN numbers on this form as it may be made public if your organization is a 501(c). Check box if A address changed Name of organization ( Check box if name changed and see instructions.) D Employer identification number B Exempt under section (Employees' trust, see instructions.) X 501( C ) ( 3 ) Print CAL POLY POMONA FOUNDATION INC 408(e) 220(e) or Number, street, and room or suite no. If a P.O. box, see instructions A 530(a) Type 3801 WEST TEMPLE AVENUE BLDG # 55 E Unrelated business activity codes 529(a) City or town, state or province, country, and ZIP or foreign postal code (See instructions.) Open to Public Inspection for 501(c) Organizations Only POMONA CA C Book value of all assets at end of year F Group exemption number (See instructions.) 224,221,839 G Check organization type X 501(c) corporation 501(c) trust 401(a) trust Other trust H Describe the organization's primary unrelated business activity. See Statement 1 I During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? Yes X No If "Yes," enter the name and identifying number of the parent corporation. J The books are in care of DAVID F. PRENOVOST CPA Telephone number Part I Unrelated Trade or Business Income (A) Income (B) Expenses (C) Net 1a Gross receipts or sales 1,988,142 b Less returns and allowances c Balance c 1,988,142 2 Cost of goods sold (Schedule A, line 7) 2 639, Gross profit. Subtract line 2 from line 1c 3 1,348,473 1,348, a Capital gain net income (attach Schedule D) a b Net gain (loss) (Form 4797, Part II, line 17) (attach Form 4797) b c Capital loss deduction for trusts c 5 Income (loss) from partnerships and S corporations (attach statement) Rent income (Schedule C) Unrelated debt-financed income (Schedule E) Interest, annuities, royalties, and rents from controlled organizations (Schedule F) Investment income of a section 501(c)(7), (9), or (17) organization (Schedule G) Exploited exempt activity income (Schedule I) Advertising income (Schedule J) Other income (See instructions; attach schedule). See Stmt ,447,596 2,447, Total. Combine lines 3 through ,796,069 3,796,069 Part II Deductions Not Taken Elsewhere (See instructions for limitations on deductions.) (Except for contributions, deductions must be directly connected with the unrelated business income.) 14 Compensation of officers, directors, and trustees (Schedule K) Salaries and wages 15 1,128, Repairs and maintenance 16 1,395, Bad debts Interest (attach schedule) Taxes and licenses Charitable contributions (See instructions for limitation rules) Depreciation (attach Form 4562) 21 77, Less depreciation claimed on Schedule A and elsewhere on return 22a 22b 77, Depletion Contributions to deferred compensation plans Employee benefit programs , Excess exempt expenses (Schedule I) Excess readership costs (Schedule J) Other deductions (attach schedule) See Statement ,235, Total deductions. Add lines 14 through ,031, Unrelated business taxable income before net operating loss deduction. Subtract line 29 from line , Net operating loss deduction (limited to the amount on line 30) Unrelated business taxable income before specific deduction. Subtract line 31 from line , Specific deduction (Generally $1,000, but see line 33 instructions for exceptions) , Unrelated business taxable income. Subtract line 33 from line 32. If line 33 is greater than line 32, enter the smaller of zero or line ,506 DAA For Paperwork Reduction Act Notice, see instructions. Form 990-T (2016)

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3 /14/ :12 PM Form 990-T (2016) Page 3 Schedule A Cost of Goods Sold. Enter method of inventory valuation Cost Method 1 Inventory at beginning of year ,486 6 Inventory at end of year ,891 2 Purchases ,074 7 Cost of goods sold. Subtract line 6 from 3 Cost of labor line 5. Enter here and in Part I, line ,669 4a Additional sec. 263A costs (attach schedule) a 8 Do the rules of section 263A (with respect to Yes No b Other costs (attach schedule) b property produced or acquired for resale) apply 5 Total. Add lines 1 through 4b ,560 to the organization? X Schedule C Rent Income (From Real Property and Personal Property Leased With Real Property) (see instructions) 1. Description of property Total 2. Rent received or accrued Total (c) Total income. Add totals of columns 2(a) and 2(b). Enter here and on page 1, Part I, line 6, column (A) Schedule E Unrelated Debt-Financed Income (see instructions) (a) From personal property (if the percentage of rent (b) From real and personal property (if the 3(a) Deductions directly connected with the income for personal property is more than 10% but not percentage of rent for personal property exceeds in columns 2(a) and 2(b) (attach schedule) more than 50%) 50% or if the rent is based on profit or income) CAL POLY POMONA FOUNDATION INC Gross income from or 1. Description of debt-financed property allocable to debt-financed property 4. Amount of average 5. Average adjusted basis acquisition debt on or of or allocable to allocable to debt-financed debt-financed property property (attach schedule) (attach schedule) 6. Column 4 divided by column 5 % % % % (b) Total deductions. Enter here and on page 1, Part I, line 6, column (B) Totals Total dividends-received deductions included in column Deductions directly connected with or allocable to debt-financed property (a) Straight line depreciation (attach schedule) 7. Gross income reportable (column 2 x column 6) (b) Other deductions (attach schedule) 8. Allocable deductions (column 6 x total of columns 3(a) and 3(b)) Enter here and on page 1, Enter here and on page 1, Part I, line 7, column (A). Part I, line 7, column (B). Form 990-T (2016) DAA

4 /14/ :12 PM Form 990-T (2016) Page 4 Schedule F Interest, Annuities, Royalties, and Rents From Controlled Organizations (see instructions) Exempt Controlled Organizations 1. Name of controlled 2. Employer organization identification number 3. Net unrelated income 4. Total of specified 5. Part of column 4 that is 6. Deductions directly (loss) (see instructions) payments made included in the controlling connected with income organization's gross inc. in column 5 Nonexempt Controlled Organizations CAL POLY POMONA FOUNDATION INC Taxable Income 8. Net unrelated income (loss) (see instructions) 9. Total of specified payments made 10. Part of column 9 that is included in the controlling organization's gross income 11. Deductions directly connected with income in column 10 Add columns 5 and 10. Add columns 6 and 11. Enter here and on page 1, Enter here and on page 1, Part I, line 8, column (A). Part I, line 8, column (B). Totals Schedule G Investment Income of a Section 501(c)(7), (9), or (17) Organization (see instructions) 3. Deductions 5. Total deductions 1. Description of income 2. Amount of income directly connected 4. Set-asides and set-asides (col. 3 (attach schedule) (attach schedule) plus col.4) Enter here and on page 1, Enter here and on page 1, Part I, line 9, column (A). Part I, line 9, column (B). Totals Schedule I Exploited Exempt Activity Income, Other Than Advertising Income (see instructions) 1. Description of exploited activity 2. Gross 3. Expenses unrelated directly business income connected with production of from trade or unrelated business business income 4. Net income (loss) from unrelated trade or business (column 2 minus column 3). If a gain, compute cols. 5 through Gross income from activity that is not unrelated business income 7. Excess exempt 6. Expenses expenses attributable to (column 6 minus column 5 column 5, but not more than column 4). Enter here and on Enter here and on Enter here and page 1, Part I, page 1, Part I, on page 1, line 10, col. (A). line 10, col. (B). Part ll, line 26. Totals Schedule J Advertising Income (see instructions) Part I Income From Periodicals Reported on a Consolidated Basis 1. Name of periodical 4. Advertising 7. Excess readership 2. Gross gain or (loss) (col. costs (column 6 advertising 3. Direct 5. Circulation 6. Readership 2 minus col. 3). If minus column 5, but income advertising costs income costs a gain, compute not more than cols. 5 through 7. column 4). Totals (carry to Part II, line (5)). Form 990-T (2016) DAA

5 /14/ :12 PM Form 990-T (2016) Page 5 Part II Income From Periodicals Reported on a Separate Basis (For each periodical listed in Part II, fill in columns 2 through 7 on a line-by-line basis.) 1. Name of periodical Totals from Part I Advertising 7. Excess readership 2. Gross gain or (loss) (col. costs (column 6 advertising 3. Direct 5. Circulation 6. Readership 2 minus col. 3). If minus column 5, but advertising costs income costs income a gain, compute not more than cols. 5 through 7. column 4). Enter here and on page 1, Part I, line 11, col. (A). Enter here and on page 1, Part I, line 11, col. (B). Totals, Part II (lines 1-5).... Schedule K Compensation of Officers, Directors, and Trustees (see instructions) CAL POLY POMONA FOUNDATION INC Total. Enter here and on page 1, Part ll, line Percent of 1. Name 2. Title time devoted to business % % % % Enter here and on page 1, Part ll, line Compensation attributable to unrelated business Form 990-T (2016) DAA

6 CAL POLY POMONA FOUNDATION INC 2/14/ :12 PM Federal Statements FYE: 6/30/2017 Statement 1 - Form 990-T - Primary Unrelated Business Activity Description A PORTION OF THE FOLLOWING SERVICES ARE CONDUCTED OUTSIDE THE FOUNDATION'S EXEMPT PURPOSE: RETAIL, CONFERENCE, DINING, HOTEL AND FILMING. Statement 2 - Form 990-T, Part I, Line 12 - Other Income Description Amount UBIT - KELLOGG HOUSE $ 27,040 UBIT - CONFER CENTER & HOTEL 1,351,011 UBIT - LANTERMAN 1,063,545 UBIT-COMMONFUND INVESTMENT 6,000 Total $ 2,447,596 Statement 3 - Form 990-T, Part II, Line 28 - Other Deductions Description Amount ADVERTISING $ 24,790 BANK CARD FEE 51,939 GENERAL AND ADMINSTRATIVE 257,229 INSURANCE 21,181 MEALS AND REFRESHMENTS 2,113 OTHERS 117,811 POSTAGE 2,301 RENT 48,352 SERVICES 380,941 SUPPLIES 226,463 TELEPHONE 36,328 TRAVEL 2,633 UTILITIES 63,655 Total $ 1,235,

7 Year Ending: June 30, CAL POLY POMONA FOUNDATION INC 3801 WEST TEMPLE AVENUE BLDG # 55 POMONA, CA NOL Carryback Election Under IRC Section 172(b), the taxpayer elects to relinquish the entire carryback period with respect to any regular tax and AMT net operating loss incurred during the current tax year.

8 /14/ :12 PM 990-T Form For calendar year 2016, or tax year beginning Name Net Operating Loss Carryover Worksheet 07/01/16, ending 06/30/ Employer Identification Number CAL POLY POMONA FOUNDATION INC Prior Year Current Year Income Offset By Preceding Adj. To NOL NOL Utilized Carryovers to NOL Carryback / Taxable Year Inc/(Loss) After Adj. (Income Offset) Current Year Carryover Utilized Next Year Carryover 19th 18th 17th 16th 15th 14th 13th 12th 11th 10th 9th 8th 7th 6th 5th 4th 3rd 2nd 1st 06/29/98-2,898 2,898 06/29/99-21,739 21,739 06/30/00-22,136 22,136 06/30/01-29,960 29,960 06/30/02-185,348 72, , ,390 06/30/03-137, , ,826 06/30/04-51,899 51,899 51,899 06/30/05-80,865 80,865 80,865 06/30/ /30/07-91,270 91,270 91,270 06/30/08-181, , ,670 06/30/09-173, , ,477 06/30/10-133, , ,631 06/30/11-24,187 24,187 24,187 06/30/12-20,326 20,326 20,326 06/30/13-92,279 92,279 92,279 06/30/14 27,193-27,193 06/30/15 122, ,498 06/30/16-343, , ,612 NOL carryover available to current year Current year 1,443, , ,506 NOL carryover available to next year 1,678,938

9 CAL POLY POMONA FOUNDATION INC 2/14/ :12 PM Federal Statements FYE: 6/30/2017 Taxable Dividends from Securities Description Amount Unrelated Exclusion Postal Acquired after Business Code Code Code 6/30/75 US Obs ($ or %) FOUNDATN PROGRM INVSTMNT INC $ 681, CA GENERAL INVESTMENT INCOME 462, CA ENDOWMENT INVESTMENT INCOME 2,100, CA Total $ 3,245,305

10 CAL POLY POMONA FOUNDATION INC 2/14/ :12 PM Federal Statements FYE: 6/30/2017 Form 990, Part IX, Line 11g - Other Fees for Service (Non-employee) Total Program Management & Fund Description Expenses Service General Raising Consulting and Other Service $ 1,868,711 $ 1,258,675 $ 442,396 $ 167,640 CONSULTING AND OTHER SERVICES 448, ,460 CONSULTING AND OTHER SERVICES 1,599,313 1,599,313 CONSULTING AND OTHER SERVICES 379, ,623 Total $ 4,296,107 $ 3,686,071 $ 442,396 $ 167,640 Form 990, Part IX, Line 24e - All Other Expenses Total Program Management & Fund Description Expenses Service General Raising Equipment Purchase $ 505,325 $ 497,920 $ 6,791 $ 614 Agriculture 428, , Indirect Costs Returned 395, ,974 Feed 277, ,426 Laundry 255, , Taxes 38,162 22,377 15,785 RE Closing Costs 34,251 1,078 33,173 Bad Debts 15,107 14, TAXES Total $ 1,950,811 $ 1,496,162 $ 452,626 $ 2,023

11 CAL POLY POMONA FOUNDATION INC 2/14/ :12 PM Federal Statements FYE: 6/30/2017 Form 990-T - Other Deductions Not Taken Elsewhere Description Amount ADVERTISING $ 24,790 BANK CARD FEE 51,939 GENERAL AND ADMINSTRATIVE 257,229 INSURANCE 21,181 MEALS AND REFRESHMENTS 2,113 OTHERS 117,811 POSTAGE 2,301 RENT 48,352 SERVICES 380,941 SUPPLIES 226,463 TELEPHONE 36,328 TRAVEL 2,633 UTILITIES 63,655 Total $ 1,235,736