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Why does the Cal Poly Pomona Foundation, Inc., being a non-profit entity, generate a surplus from its operations?

April 26, 2017cal entity foundation non-profit operations Poly pomona surplus

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Why does the Cal Poly Pomona Foundation, Inc., being a non-profit entity, generate a surplus from its operations?

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Actually, all non-profit corporations strive to make a surplus or “profit.” Non-profit corporations must generate more revenue than expenses and establish various operating reserves in order to be financially solvent.