Cogswell Polytechnical College in Sunnyvale, California (CA)

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Cogswell Polytechnical College
Employer Identification Number (EIN)953524407
Name of OrganizationCogswell Polytechnical College
Address1175 Bordeaux Dr, Sunnyvale, CA 94089-1210
SubsectionCharitable Organization
Ruling Date02/1984
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationAssociation
Tax Period06/2010
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,970,064
Amount of Income$3,280,159
Form 990 Revenue Amount$2,934,446
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution


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Amount of income in 2010: $3,280,159
This organization: 

 $3,280,159
Other organizations performing similar types of work: 

 $1,625,924

Assets in 2010: $3,970,064
Cogswell Polytechnical College: 

 $3,970,064
Other organizations performing similar types of work: 

 $5,186,309

Expenses in 2005: $26,082,657
This organization: 

 $26,082,657
Other organizations performing similar types of work: 

 $720,340

Income to expenses ratio in 2005: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.5

Expenses allocated to program services in 2005: 99.0%
This organization: 

 99.0%
Other organizations performing similar types of work: 

 85.4%

Number of employees in 2005: 732
This organization: 

 732
Other organizations performing similar types of work: 

 1

Employees paid over $50,000 in 2005: 8.1%
Cogswell Polytechnical College: 

 8.1%
Other organizations performing similar types of work: 

 26.3%

Grants share in income in 2005: 1.9%
Cogswell Polytechnical College: 

 1.9%
Other organizations performing similar types of work: 

 13.0%

Financial snapshot ($)

Revenue for 2005

Assets at end of 2005

Expenses for 2005

Functional Expenses for 2005 ($)

Income-Producing Activities for 2005

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002200320042005
Total revenue$21,674,365$21,892,939$22,863,140$24,317,123$23,808,597$23,726,779
Contributions, gifts, grants, and similar amounts received$146,155$126,882$248,700$1,911,537$996,704$457,854
Contributions to donor advised funds
Direct public support$146,155$126,882$248,700$1,911,537$996,704$457,854
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0
Program service revenue including government fees and contracts$18,951,433$19,195,884$20,751,110$19,859,162$20,044,496$20,812,189
Membership dues and assessments$0$0$0$0$0$0
Interest on savings and temporary cash investments$629,282$538,981$567,197$503,074$452,443$0
Dividends and interest from securities$0$0$0$0$0$469,819
Net rental income or (loss)$461,244$12,000$3,000$0$0$0
Gross rents$461,244$12,000$3,000$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-102,914$0$-738,143$-8,497$-371,015$-40,551
Gross amount from sales of assets other than inventory$2,892,714$0$3,628,060$3,018,000$1,882,145$3,905,674
Less: cost or other basis and sales expenses$2,995,628$0$4,366,203$3,026,497$2,253,160$3,946,225
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$1,335,214$1,877,038$1,874,772$1,904,738$2,446,727$1,827,324
Gross sales of inventory, less returns and allowances$2,021,377$2,569,141$2,619,394$2,654,229$3,309,669$2,456,109
Less: cost of goods sold$686,163$692,103$744,622$749,491$862,942$628,785
Other revenue$253,951$142,154$156,504$147,109$239,242$200,144
Total expenses$22,394,754$22,503,528$23,924,659$22,866,420$24,071,351$26,082,657
Program services$20,433,097$22,217,950$23,482,900$22,343,298$23,658,366$25,822,801
Management and general$1,961,657$285,578$441,759$523,122$412,985$259,856
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$14,747,322$14,330,770$13,393,850$14,448,984$14,552,982$11,989,894
Excess or (deficit) for the year$-720,389$-610,589$-1,061,519$1,450,703$-262,754$-2,355,878
Net assets or fund balances at beginning of year$15,618,156$14,747,322$14,330,770$13,393,850$14,448,984$14,552,982
Other changes in net assets or fund balances$-150,445$194,037$124,599$-395,569$366,752$-207,210
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$26,082,657$25,822,801$259,856$0
Grants paid from donor advised funds
Other grants and allocations$355,384
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$929,171$89,964$839,207$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$12,444,890$12,415,322$29,568$0
Pension plan contributions not included above$124,507$115,929$8,578$0
Employee benefits not included above$2,601,101$2,448,523$152,578$0
Payroll taxes$1,029,421$969,553$59,868$0
Professional fundraising fees$0$0$0$0
Accounting fees$158,042$109,766$48,276$0
Legal fees$0$0$0$0
Supplies$337,738$322,854$14,884$0
Telephone$0$0$0$0
Postage and shipping$198,102$185,171$12,931$0
Occupancy$1,699,131$1,532,441$166,690$0
Equipment rental and maintenance$525,039$511,390$13,649$0
Printing and publications$664,991$650,439$14,552$0
Travel$0$0$0$0
Conferences, conventions, and meetings$806,148$755,182$50,966$0
Interest$426,583$298,429$128,154$0
Depreciation, depletion, etc.$823,058$799,842$23,216$0
Other expenses not covered above$2,959,351$4,262,612$-1,303,261$0
Balance Sheets
200020012002200320042005
Total assets$25,083,762$24,828,860$23,030,729$24,009,102$24,335,275$21,410,381
Cash - non-interest-bearing$298,904$1,009,143$120,527$302,669$118,059$0
Savings and temporary cash investments$1,343,296$2,333,695$1,874,496$2,210,416$1,900,111$1,072,314
Accounts receivable less allowance for doubtful accounts$3,389,523$2,936,343$2,890,497$2,336,112$3,206,018$2,849,075
Pledges receivable less allowance for doubtful accounts$9,200$64,478$79,915$1,649,480$549,980$16,985
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$200,624$440,604$379,657$341,564$153,824
Inventories for sale or use$211,416$237,532$317,554$311,592$250,311$226,854
Prepaid expenses and deferred charges$368,066$1,083,053$535,175$838,606$819,943$946,439
Investments - publicly-traded securities
Investments - other securities$9,384,662$8,769,658$8,723,433$4,478,286$7,260,521$5,860,186
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$237,922$0$0$3,872,292$2,338,388$2,607,753
Land, buildings, and equipment less accumulated depreciation$9,840,773$8,120,322$8,000,379$7,586,354$7,507,126$7,628,239
Other assets, including program-related investments$0$74,012$48,149$43,638$43,254$48,712
Total liabilities$10,336,440$10,498,090$9,636,879$9,560,118$9,782,293$9,420,487
Accounts payable and accrued expenses$2,061,604$1,806,660$1,488,733$1,679,319$2,123,362$1,923,907
Grants payable$0$0$0$0$0$0
Deferred revenue$458,977$448,806$127,846$91,067$35,972$79,977
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$0$8,038,992$7,831,068$7,614,905$7,450,799$7,256,764
Other liabilities$7,815,859$203,632$189,232$174,827$172,160$159,839
Total liabilities and net assets/fund balances$25,083,762$24,828,860$23,030,729$24,009,102$24,335,275$21,410,381
Total net assets or fund balances$14,747,322$14,330,770$13,393,850$14,448,984$14,552,982$11,989,894
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002200320042005
Total revenue$21,674,365$21,892,939$22,863,140$24,317,123$23,808,597$23,726,779
Total revenue, gains, and other support per audited financial statements$22,457,401$22,085,806$22,988,939$23,988,056$24,175,349$23,519,569
Other expenses$1,007,702$192,867$125,799$-395,569$366,752$-207,210
Net unrealized gains on investments$321,539$192,867$124,599$-395,569$366,752$-207,210
Donated services and use of facilities$0$0$1,200$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$686,163$0$0$0$0$0
Other revenue$224,666$0$0$-66,502$0$0
Investment expenses$0$0$0$0$0$0
Other$224,666$0$0$-66,502$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002200320042005
Total expenses$22,394,754$22,503,528$23,924,659$22,866,420$24,071,351$26,082,657
Total expenses and losses per audited financial statements$22,856,251$22,503,528$23,925,859$22,839,044$24,071,351$25,931,955
Other revenue$686,163$0$1,200$-27,376$0$0
Donated services and use of facilities$0$0$1,200$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$686,163$0$0$-27,376$0$0
Other expenses$224,666$0$0$0$0$150,702
Investment expenses$0$0$0$0$0$0
Other$224,666$0$0$0$0$150,702
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006732
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$429,268$22,839,657
Program service revenue
Program service revenue 1000000$000$0$14,487,217
Program service revenue 2000000$000$0$6,324,972
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$469,819$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-40,551$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$1,827,324
Other revenue000000$000$0$200,144
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$90,186$9,875$0
$88,804$478$0
$85,320$4,281$0
$83,322$1,627$0
$81,200$4,928$0
Total number of other employees paid over $50,00054
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
199920002001200220032004
Total$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Hillsborough Schools Foundation300 El Cerrito Ave, Hillsborough, CA 94010-6818CA1980-04$4,944,818
2Cogswell Polytechnical College1175 Bordeaux Dr, Sunnyvale, CA 94089-1210CA1984-02$3,280,159
3Chino Unified School District Capital Facilities Corporation5130 Riverside Dr, Chino, CA 91710-4130CA1988-07$3,209,500
4San Marino School Foundation1665 West Dr, San Marino, CA 91108-2558CA1980-07$3,128,914
5Hayward Schools Financing CorporationPO BOX 5000, Hayward, CA 94540-0001CA1990-10$2,649,839
6Sages Education And Research Foundation11300 W Olympic Blvd, Los Angeles, CA 90064-1637CA1998-09$2,409,255
7Encinitas Usd Educational Facilities CorpEncinitas, CA 92024CA$2,328,296
8Beaumont Unified School District Public Facilities Corporation350 W Brookside Ave, Cherry Valley, CA 92223-4073CA1991-05$580,311
9Cabrillo Education Foundation, Back To BasicsPO BOX 354, Half Moon Bay, CA 94019-0354CA1986-06$367,311
10Educational Foundation For Black Americans4332 Cerritos Ave Ste 207, Los Alamitos, CA 90720-2557CA1985-06$46,589
11Rural School And Community Trust4301 Connecticut Ave Nw Ste 100, Washington, DC 20008-2304DC1996-01$5,120,247
12West Side Day Nursery And Kindergarten20 W 86th St, New York, NY 10024-3604NY1947-04$549,484
13American Friends Of Bucerius Law School440 Park Avenue South 2nd Floor, New York, NY 10016NY2007-02$421,513
14St Mary Central-Seton Education Endowment Fund Agency 08051997PO BOX 649, Neenah, WI 54957-0649WI1999-10$417,310
15Schools For SalonePO BOX 25314, Seattle, WA 98165-2214WA2008-06$343,503
16Verlyn E Grahl Foundation Inc130 S Main St, Fond Du Lac, WI 54935-4210WI1999-02$275,937
17St Patrick School Foundation Inc, John J Brannen Community Education Foundation Inc4 W 3rd Street, Maysville, KY 41056KY1981-10$78,106
18Drew League Foundation2851 W 120th Street Suite E 517, Hawthorne, CA 90250CA2009-01$68,411
19Stowe Schools Foundation For Educational Advancement IncPO BOX 820, Stowe, VT 05672-0820VT1998-01$46,249
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Number of organizations performing similar types of work
Arkansas1
Arizona2
California14
Colorado3
Connecticut1
District of Columbia4
Delaware1
Florida3
Georgia3
Iowa6
Illinois4
Indiana1
Kansas1
Kentucky2
Louisiana2
Massachusetts3
Maryland3
Maine1
Michigan4
Minnesota1
Missouri1
Mississippi2
North Carolina4
New Hampshire1
New Jersey4
New Mexico2
Nevada1
New York7
Ohio3
Oregon2
Pennsylvania2
Rhode Island2
South Dakota1
Tennessee4
Texas7
Virginia2
Vermont1
Washington4
Wisconsin4
Total114

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