1CAL POLY POMONA FOUNDATION, INC.

BOARD

INSIGHTS

February2014

Foundation Launches New

Website

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foundation.csupomona.edu

PUBLISHED BY:

WHAT YOU SPEND ON CAMPUS … STAYS ON

CAMPUS

Surplus funds generated by all Cal Poly Pomona Foundation

operations go back to the University to provide financial and

facility resources to benefit students, faculty, and staff.

Cal Poly Pomona Foundation. Inc.Ph: 909-869-2912Fx: 909-869-4549

The Norman J. Priest Scholarship is given to Foundation full-time employees who embody the ideals of former Foundation Board member Norman J. Priest through their community service, leadership skills, and involvement in the Foundation. Submitted applications are reviewed by Mrs. Halo Priest, her son James Priest, and a Foundation scholarship committee. Selection is based on one’s resume, a recommendation from both a supervisor and a Foundation staff member, plus an essay on how the Cal Poly Pomona Foundation has helped them with their educational goals and how the award will help them achieve their career/educational goals. The essay should also highlight how participation and leadership in campus activities and community service will help them achieve their goals.

The 2014-2015 winners are Christian Murillo, Jonathan Ortega, and Amanda Riggle. Congratulations to all three recipients!

Norman J. Priest Scholarship: 2014-2015 Winners

From left to right: Jim Priest, Jonathan Ortega, Christian Murillo, and Amanda Riggle

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Foundation Launches New Website

Cal Poly Pomona Foundation, Inc. recently launched its new website. Now boasting a clean, contemporary design, the site is more consistent throughout each section and has been reorganized for easier navigation.

The Foundation website contains numerous new features. First, important Foundation information can be seen immediately on the homepage with the new slideshow and announcements section. A slideshow and/or announcements section has also been added to the Foundation’s Employment Services, Financial Services, Real Estate, and Bronco Bucks page, so each area can highlight significant dates, messages, events, etc.

One of the main goals when developing the Foundation website was to give people a quick and easy experience when navigating the site. Thus, a quick links bar has been added to the Foundation homepage and to each Foundation subdivision. This bar is located at the top of each page and lists the most visited pages, forms, work orders, etc. of that particular section.

Additionally, the website now conveniently lists and links all of the Foundation’s social media accounts on a single page, including Dining Services, Bronco Bookstore, and the University Village. Furthermore, a Google search bar has been added to the Foundation website, providing visitors the ultimate convenience.

The new Foundation website is section 508 compliant and meets the CSU accessibility requirements. To have a passing website, one must receive a score of at least 90% or higher using HiSoftware Compliance Sheriff, a program used by the CSU that helps organizations develop and maintain compliant content that meets the highest standards in Web Governance. The new Foundation website is in the top 10% of passing Cal Poly Pomona websites.

Take a look at the new Foundation website at www.foundation.cpp.edu.

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Grand Opening for Innovation Brew Works

Cal Poly Pomona Foundation, Inc. will host a grand opening celebration for Innovation Brew Works on Friday, February 20, 2015 from 4:00 p.m. to 8:00 p.m., the day before Cal Poly Pomona’s (CPP) annual Homecoming event.

Innovation Brew Works, located at the Center for Training, Technology, and Incubation (CTTI) in Innovation Village, is a learn-by-doing brewery laboratory for college students as well as a brewery and café that is open to the public. CPP is the first university to have a genuine educational brewery-restaurant on campus. The free grand opening event will have a ribbon cutting ceremony, photo booth, live music, giveaways, and a raffle. Furthermore, in addition to the several craft beers already available, two new beers will be introduced the day of the grand opening, including one called Green & Gold in celebration of CPP’s Homecoming.

Free tours of the brewery will be offered on a first come, first served basis. Space is limited, so guests are encouraged to preregister for tours at Innovation Brew Works.

Guests who are 21 years old and older can purchase presale beer tickets (up to two pints and up to two flights of beer) at Innovation Brew Works. All guests who plan to consume alcohol, whether they have presale tickets or not, will have to register during the grand opening and wear a wristband.

Besides craft beer, attendees can purchase Innovation Brew Works’ signature pizzas, gourmet salads, sandwiches, and desserts, which are all made-to-order. For those opting for something else, the award-winning Poly Trolley food truck will be in attendance serving their fusion of Asian and Southwestern cuisine.

For those interested in enrolling in classes, a representative will be present at the grand opening to answer questions and distribute flyers.

Innovation Brew Works had a soft opening for their café in September 2014. They started brewing beer in December 2014 and began serving five CPP beers in the beginning of January 2015, which are all named after CPP University and Pomona Valley historical figures and places.

For more information, please visit www.iBrewWorks.com or www.Facebook.com/InnovationBrewWorks.

To view and download high resolution photos, visit www.CPPFoundation.zenfolio.com/ibrewworks.

To read an article about Innovation Brew Works in the Inland Valley Daily Bulletin newspaper, visit http://bit.ly/1ExWj7q

Join us on Friday, February 20th for food, drinks, giveaways, and more ...

FRIDAY, FEB. 20, 20154 PM - 8 PM

PARTY

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The Foundation has a valuable relationship with Bronco Athletics and we often team up with them. On two separate days in late January 2015, the Foundation Marketing department photographed several CPP athletes adorned in Bronco Gear clothing for a campaign called Bronco Nation.

Bronco Nation was created to amplify bronco spirit on campus, as numerous posters and banners will be displayed on social media and at several locations, including Vista Market, Campus Center Marketplace, the Bronco Bookstore atrium, and Los Olivos. Bronco Nation also markets both Bronco Athletics and Bronco Gear merchandise—a win-win situation for both departments.

Watch out for the campaign and let us know what you think! GO BRONCOS!

Foundation Teams Up with Athletics for Marketing Campaign

SUPPORT OUR ATHLETES | BRONCOATHLETICS.COM

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Jamba Juice at the BRIC introduced two new refreshing drinks in mid-January. One is called Amazing Greens and is a delicious fusion of lemonade, peach juice, pumpkin seeds, kale, peaches, and bananas. The second one, Greens ‘n Ginger, is a unique blend of lemonade, fresh juiced ginger, kale, mangos, and peaches.

Jamba Juice also introduced two new specials. From 8:00 a.m. to 11:00 a.m., early risers can jumpstart their morning by purchasing a 12 oz. freshly squeezed orange juice and a steel cut oatmeal with two toppings for only $6.49. Guests can finish their day by purchasing an evening special, which consists of a 16 oz. classic smoothie and one baked good for only $5.69.

New Drinks and Specials at Jamba Juice

On Sunday, February 1, Catering Manager of Los Olivos, Eric Duvall, and several other Los Olivos personnel catered a Super Bowl party at the BRIC, hosted by the Inter-Hall Council for University Housing Services.

For the big game, Eric and his team set up a nacho bar with a variety of toppings and served chicken wings, hamburgers, and hot dogs. The event was a big success with nearly 300 attendees.

Los Olivos Caters Super Bowl Party

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Several new bike racks were installed right outside the Bronco Bookstore (Bldg. 66) and at the Center for Training, Technology, and Incubation (CTTI).

When researching potential bike racks, the Foundation Real Estate department wanted a design that represented the campus, and with the launch of the new Athletics logo, they were able to incorporate that design into their plan.

“We worked with Ivan Alber from Athletics to get approval to use the logo and got his support and encouragement,” stated Director of Real Estate Sandra Vaughan-Acton. “In fact, he loved them when he saw them!”

Twelve bike racks were installed outside the Bronco Bookstore and five at CTTI.

“We wanted to accommodate as many bikes as possible,” stated Yvonne Lujan, Assistant Property Manager. “Each rack can hold two bikes, so we now have room for 24 bikes to be parked near Building 66 in addition to the existing bike racks.”

The new bike racks exude bronco pride with a green and gold color combination and Athletics logo.

New Bike Racks Show School Spirit

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Schedule of New Grants

Project Title Awarding Agency New Awards College/Division Project Director

SRN: Routes to Sustainability for Natural Gas Development

Regents of the University of Colorado

27,500 Science Stephen Osborn

San Gabriel Valley Math Project University of California, Office of the President

20,500 Science Greisy Winicki-Landman

A Reverse Osmosis Mechanism To Convert Run-Off Water

San Diego State University Research Foundation

2,500 Science Sepher Eskandari

Vaginal Microflora Suppository with a Sustained Release Mechansim

San Diego State University Research Foundation

2,500 Science Jill Adler-Moore

Combination Therapy Avian/Mammalian Pulmonary

Agricultural Research Initiative

75,434 Science Jill Adler-Moore

An Interdisciplinary, Learn-by-Doing Approach, to Identify and Prepare Cyber Warriors

National Science Foundation

728,395 Science Mohammad Husain

Acquisition of a Dietary Fiber Analyzer for Enhanced Capacity

Southern California Institute of Food

Technologists

19,990 Agriculture Olive Yao Li

Revitalizing Cyber Security Education and Research Through Competition

University of Southern California

30,000 Business Administration

Ronald Pike

906,819

January 31, 2015

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Unaudited Financial Statement Highlights – Dec. 2014EXECUTIVE SUMMARYThe purpose of this article is to provide information related to the unaudited financial performance of the Foundation for the month of December 2014. The Foundation generated a deficit versus a budgeted surplus for the month mainly due to unrealized endowment and general investment losses offset by Dining Services and University Village operations.

ENTERPRISESSummary – For the month ended, the Enterprise operations generated a surplus greater than budgeted due to all operations performing greater than budget.

Bronco Bookstore – Revenues exceed budget by 17% or $62,050 mainly due to hardware, supplies and used book rental revenues. We appreciate the University’s support and the President’s request that what you spend on campus stays on campus. Cost of goods is 72% versus 72%; payroll and expenditures are 41% versus 45% of revenues.

Dining Services – Revenues exceed budget by 58% or $514,359 due to Board revenue final fall dining/billing. These revenues consist of 48% from retail and 52% from board operations; cost of goods sold is 24% versus 35% of budget, salaries and expenditures are 60% versus 77% of budgeted revenues. Retail revenues exceed budget by 23% or $125,532; cost of goods is 34% versus 35% of budget, salaries are 44% versus 49% of budget and expenditures are 32% versus 34% of budget generating a deficit of $69,031 versus $104,126. Board operation revenues exceed budget by 1.17% or $388,827 due to final fall dining/billing; costs of goods are 15% versus 33% of budget, salaries are 18% versus 31% of budget and expenditures are 28% versus 36% of budget generating a surplus of $287,530 versus $857 deficit.

Kellogg West Catering/Dining – Revenues exceed budget by 62% or $74,112, cost of goods is 28% versus 30%, salaries are 43% versus 54% and expenditures are 22% versus 29% of revenues generating a surplus of $13,969 versus a budgeted deficit of $15,916.

Kellogg West Conference Center & Hotel – Revenues exceed budget by 1.57% or $63,294, salaries are 48% versus 123%

and expenditures are 44% versus 62% of revenues generating a surplus versus a budgeted deficit.

University Village – Revenues are below budget by 2.2% or $21,219 due to lower than anticipated occupancy, salaries and expenditures are 54% versus 69% of budget generating a surplus greater than budgeted. GENERAL ACTIVITIESGeneral Activities reported a deficit greater than budgeted mainly due to unrealized general investment losses in the equity markets.

DESIGNATED EXPENSESDesignated Gifts generated a deficit below budgeted due to expenditures less than proposed.

OTHER ACTIVITIES (presented year-to-date actual versus budget)

Sponsored Research – Indirect revenues are under budget by 9% or $27,349 due to the combination of direct grant expenditures under budget by 10% or $500,814 generating an effective rate of 9.90% versus the budgeted rate of 11.5%.

Agriculture-Aid-to-Instruction – Revenues are under budget by 25% or $521,131, costs of goods are 27% versus 21% of budget and payroll and expenditures are 94% versus 70% of budget generating a deficit mainly due to Agronomy Farms, Arabian Horse Center and the Beef Unit.

Continuing Education – Year-to-date revenues exceed budget by 16% or $341,564; payroll and expenditures are 79% versus 95% of budget generating a year to date surplus of $516,288 versus a budgeted surplus of $93,047 mainly due to CPELI.

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Foundation Programs–Unrestricted includes the activities that are not third party donor imposed stipulations, revenues are 64% or $142,910 less than budgeted and 51% or $241,064 short of prior year due to prior fiscal quarters indirect cost recoveries allocation between unrestricted and restricted programs; expenditures (excluding Transfers to the University # 7344) are 82% or $71,999 short of budget and exceed prior year by 41% or $95,486 generating a year to date deficit versus a zero budget.

Endowment/Investment revenues are 49% or $5.7 million short of budget mainly due to unrealized investment losses; expenditures exceed budget by $99,366 or 2%, generating a surplus less than budgeted.

Foundation Programs-Restricted revenues exceed budget by 72% or $3.2 million due to the annual endowment distribution was recorded in September and revenues were budgeted evenly over the fiscal year; expenditures exceed budget by 65% or $2.1 million generating a surplus greater than budgeted.

If you have any question or need additional information, please contact David Prenovost at dfprenovost@csupomona.edu or call (909) 869-2948.

Monthly Budget

Monthly Actual

Monthly Variance

Y T D Budget

Y T D Actual

Enterprise ActivitiesBookstore (67,270) (56,985) 10,285 (102,780) (56,088)Dining Services (105,782) 217,880 323,662 (373,025) 118,355 Kellogg West Conf. & Hotel (34,194) 5,783 39,977 (30,155) 47,270 University Village Housing 295,600 435,730 140,130 4,904 (109,635) Subtotal: 88,354 602,408 514,054 (501,056) (98)

General ActivitiesFoundation Administration (193,497) (73,292) 120,205 (794,060) (506,320)Real Estate Development 5,383 80,909 75,526 277,548 459,320 Investments 122,611 (312,131) (434,742) 627,172 (465,606)Building Rental 9,112 11,593 2,481 54,672 40,591 Subtotal: (56,391) (292,921) (236,530) 165,332 (472,015)

Designated Funds (419,617) (255,438) 164,179 (1,130,409) (763,428)

Other Activities

Research Office 3,750 3,600 (150) 22,500 24,080 Agriculture 77,631 (38,852) (116,483) 187,095 (312,014)Continuing Education 70,791 45,426 (25,365) 94,047 518,315 Fdtn Programs-Unrestricted 0 21,490 21,490 0 (70,967) Subtotal: 152,172 31,664 (120,508) 303,642 159,414

Net Surplus/(Deficit) Unrestricted:

(235,482) 85,713 321,195 (1,162,491) (1,076,127)

Fdtn Programs-Restricted 206,775 (41,243) (248,018) 1,240,650 1,960,567 Endowment Programs-Restricted

941,105 (769,385) (1,710,490) 6,785,266 949,920

Net Surplus/(Deficit)Restricted

1,147,880 (810,628) (1,958,508) 8,025,916 2,910,487

Net Surplus/(Deficit) Grand Total:

912,398 (724,915) (1,637,313) 6,863,425 1,834,360

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Resolution Number

Document Subject Brief Description of Resolution

464 2014-20154 Child Care Auditor Selection BOD approves retaining GYL Decauwer, LLP to perform the financial and single audits for the fiscal year ended June 30, 2015.

465 Investment Highlights–Second Quarter 2014-15

The Foundation’s Endowment and General Investment Policies 130 and 131 requires a comprehensive quarterly report of the investment portfolios performance be provided to the Investment Committee and Board of Directors at a regularly scheduled meeting. Foundation management believes that the quarterly investment reports are in compliance with the investment policies and recommends the quarterly investment reports be approved by the Board of Directors

466 Policy 219-Compensation Policy Revisions and Comparability Review

That all proposed changes to Policy No. 219 be approved and adopted. Further, that the Executive Director take the necessary steps to ensure the Comparability Analysis is updated and documented on a periodic basis, as indicated in the Compensation Policy and as stated in the Comparability Analysis

467 Policy 209-Affirmative Action Policy Update BOD approves the 2015 Affirmative Action Plan.

468 2014-2015 External & Financial Single Auditor Selection

BOD approves retaining Vicenti, Lloyd and Stutzman to perform the financial and single audits for the fiscal year ended June 30, 2015

469 2013-14 Income Tax Return Form 990 Review

BOD approves the filing of the Foundation’s 990 Tax return for 2013-2014.

470 Indirect Cost Recovery Rate Agreement with Dept. of Health & Human Services

BOD approves to retain a firm to conduct the indirect cost study for the fiscal year ended June 30, 2015

Resolutions Passed at Board Meeting #362

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Resolution of AppreciationThe Foundation Board of Directors accepted At Large Director Mickey Segal’s resignation from the Board and responded with a Resolution of Appreciation for his dedication and service to Cal Poly Pomona and to the Foundation.

CAL POLY POMONA FOUNDATION, INC.RESOLUTION OF APPRECIATION FOR DISTINGUISHED SERVICE

Mickey Segal

February 19, 2015

WHEREAS, Mickey Segal has provided exemplary service to the Cal Poly Pomona Foundation for four years, from November, 2011 through February of 2015;

WHEREAS, Mickey Segal has provided exemplary service to the Cal Poly Pomona UET for eight years, from September, 2003 through November of 2011;

WHEREAS, he has made a number of significant contributions to the University and the Foundation, providing sage advice;

WHEREAS, his genuine concern for the well-being of Cal Poly Pomona, and the Foundation has been consistently demonstrated;

WHEREAS, Mickey has earned the admiration of his colleagues for his enthusiasm and professionalism;

WHEREAS, his dedication and caring will be deeply missed by all;

WHEREAS, Mickey has indicated it is time for him to pass the reins of responsibility to other hands;

NOW THEREFORE BE IT RESOLVED, that the Board of Directors of Cal Poly Pomona Foundation, Inc. extends to Mickey Segal its heartfelt appreciation as well as its admiration and affection, and wishes him satisfaction from the endeavors to which he turns

his attention in the future. In recognition of his distinguished service to the Cal Poly Pomona Foundation, and the University; this appreciation shall be reflected in the minutes of this meeting as the current members of the Board of Directors have joined

together to hereby recognize and honor Mickey Segal.

PASSED AND ADOPTED THIS 19th DAY OF FEBRUARY, 2015.

__________________________________________Soraya M. Coley, Ph.D.

Chair, Board of Directors, Cal Poly Pomona Foundation, Inc.President, Cal Poly Pomona

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www.foundation.cpp.edu