2024-02-23T19:29:53-06:00 2023-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 90801 990 2022-07-01 952113260 MARYMOUNT CALIFORNIA UNIVERSITY MARY 3105446556 PO BOX 4809 PALOS VERDES PENINSULA CA 902749998 BRIAN MARCOTTE PRESIDENT 3105446556 2024-02-23 1 BRIAN MARCOTTE 999009999 1 DONITA JOSEPH P00286656 5624351191 2024-02-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIAN MARCOTTE PO BOX 4809 PALOS VERDES PENINSULA CA 902749998 85552304 0 0928 X WWW.MARYMOUNTCALIFORNIA.EDU X 1948 CA MARYMOUNT CALIFORNIA UNIVERSITY IS A CATHOLIC INSTITUTION THAT WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION. X 10 9 176 9 0 0 4537778 10388 18573622 439578 655986 38418983 8442 108588 23775828 38977537 8558639 558210 0 0 12945794 3596107 0 0 0 9588264 5202406 31092697 9356723 -7316869 29620814 30642938 52856479 6272787 0 24370151 52856479 X MARYMOUNT CALIFORNIA UNIVERSITY IS A CATHOLIC INSTITUTION THAT WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION. WE FOSTER A STUDENT-CENTERED APPROACH TO LEARNING THAT PROMOTES THE DEVELOPMENT OF THE WHOLE PERSON. INSPIRED BY THE RELIGIOUS OF THE SACRED HEART OF MARY, WE CHALLENGE OUR STUDENTS TO PURSUE LIVES OF LEADERSHIP AND SERVICE. MARYMOUNT CALIFORNIA UNIVERSITY EMPOWERS ITS STUDENTS THROUGH AN EDUCATIONAL PROGRAM THAT DEVELOPS PRINCIPLED THINKERS IN THE CATHOLIC LIBERAL ARTS TRADITION. WE PROMOTE AN OPEN AND WELCOMING CAMPUS THAT BUILDS SKILLS FOR LIFELONG LEARNING. WE ASSIST STUDENTS TO REACH THEIR GOALS IN HIGHER EDUCATION. WE STRIVE TO GRADUATE STUDENTS WHO EMBODY THE VIRTUES OF INTEGRITY, RESPECT FOR HUMAN DIGNITY AND COMMITMENT TO JUSTICE. 0 0 900641 8210 7570 STUDENT SERVICES - THE OFFICE OF FINANCIAL AID AWARDED TO APPROXIMATELY 20 STUDENTS SCHOLARSHIP AND FINANCIAL ASSISTANCE IN FISCAL YEAR 2022-2023. THESE WERE AWARDED IN THE MONTHS OF JULY AND AUGUST OF 2022. 721400 276199 INSTRUCTION - THE COLLEGE SERVED APPROXIMATELY 80 FULL TIME EQUIVALENT COLLEGE STUDENTS IN FISCAL YEAR 2022-2023. THESE WERE SERVED DURING THE SUMMER TERM OF 2022, WHICH ENDED AUGUST 12, 2022. 891388 155809 AUXILIARY ENTERPRISES (E.G. STUDENT HOUSING, FOOD SERVICE AND TRANSPORTATION) 550000 550000 MARYMOUNT EDUCATION FOUNDATION GRANTS 550000 550000 3063429 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 16 0 1 176 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 CA X X BRIAN MARCOTTE 3105446556 PO BOX 4809 PALOS VERDES PENINSULA CA 902749998 ARIANE SCHAUER PROVOST & EXEC VP 40.00 X 275385 0 30965 ROBYN JONES VP OF ENROLLMENT MGMT 40.00 X 227193 0 17221 RYAN ALCANTARA VP OF S.A. & DEAN OF STUDENTS 40.00 X 202408 0 8170 RICHARD ANDERSON CHIEF FINANCIAL OFFICER 40.00 X 193000 0 10755 BRIAN MARCOTTE PRESIDENT 40.00 X X 182500 0 0 KIMBERLY BLUE WADE DEPT. CHAIR OF MULTIDISCIPLINARY STUDIES 40.00 X 177777 0 12948 MICHAEL SEMENOFF DIRECTOR OF INSTITUTIONAL RESEARCH 40.00 X 166696 0 30066 JOHN ALEXANDER CHAIR OF NATURAL AND HEALTH SCIENCES 40.00 X 165188 0 22958 DAVID DRAPER CHAIR OF BEHAVIORAL SCIENCE 40.00 X 161813 0 8703 BRET JOHNSEN CHAIR 1.00 X 0 0 0 RICK EDLER VICE CHAIR 1.00 X 0 0 0 SR ANTOINE-MARIE BAURIER SECRETARY 1.00 X 0 0 0 CAROLINE SAYERS CHAIR, ADMISSIONS, RETENTION, S.A 1.00 X 0 0 0 DR SUE SOLDOFF DEVELOPMENT CHAIR 1.00 X 0 0 0 CHRISTOPHER WARMUTH AUDIT COMMITTEE CHAIR 1.00 X 0 0 0 RANDY BOWERS FINANCE COMMITTEE CHAIR 1.00 X 0 0 0 FR MARK VILLANO TRUSTEE 1.00 X 0 0 0 HON JOSE H GOMEZ TRUSTEE 1.00 X 0 0 0 1751960 0 141786 36 0 1 0 TKC MANAGEMENT LLC 4500 CAMERON VALLEY PARKWAY 400 CHARLOTTE NC 28211 PROPERTY MANAGEMENT 885760 ANTHOLOGY INC 5201 CONGRESS AVE 220 BOCA RATON FL 33487 IT SERVICES 318250 ALL 3 IT INC 62 MAXWELL IRVINE CA 92618 IT SERVICES 301178 BON APPETIT MANAGEMENT COMPANY 201 REDWOOD SHORES PARKWAY SUITE REDWOOD SHORES CA 94065 CAFE FOOD SERVICES 298411 WINDES INC 3780 KILROY AIRPORT WAY SUITE 600 LONG BEACH CA 90806 ACCOUNTING/TAX SERVICES 130100 6 10388 10388 TUITION & FEES 900099 276199 276199 AUXILIARY ENTERPRISES 900099 155809 155809 STUDENT SERVICES 900099 7570 7570 439578 1222721 1222721 3598815 80172214 4275204 42299563 -676389 37872651 37196262 37196262 RECOVERY OF BAD DEBT EXPENSE 900099 103483 103483 INSURANCE CLAIM 900099 5095 5095 RECOVERY OF INDIRECT COSTS 900099 10 10 108588 38977537 439578 0 38527571 550000 550000 8210 8210 870056 161447 708609 2010975 1054750 956225 67068 52650 14418 462536 296573 165963 185472 71505 113967 393146 393146 125450 125450 24406 24406 725983 393239 332744 2141 2141 55163 10581 44582 358221 59244 298977 298670 273996 24674 573202 573202 511253 511253 990690 990690 BANK & ADMIN FEES 943263 15368 927895 UNIVERSITY SERVICES 73010 48359 24651 OTHER EXPENSES 69798 63073 6725 EQUIPMENT RENTAL 58010 4434 53576 9356723 3063429 6293294 0 201459 79013 537435 114009 971189 438166 238151 509590 188400 188400 21543011 0 6746445 51412848 405248 302853 30642938 52856479 156913 0 345280 0 2755980 0 3014614 0 6272787 0 X 17339031 50940148 7031120 1916331 24370151 52856479 30642938 52856479 X 29620814 390987 -1525473 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7151693 -166548 6219 5065962 1912964 10860257 5587 -511850 154112 3048189 7151693 13175412 157253 1697870 4170278 10860257 12939075 102025 237840 103528 13175412 12360679 120283 575508 117395 12939075 0.00000 0.73000 0.27000 1 0 188400 188400 0 0 PART V, LINE 4: DESCRIBE THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS. THE INTENDED USES OF MARYMOUNT CALIFORNIA UNIVERSITY'S ENDOWMENT FUNDS INCLUDE A VARIETY OF PURPOSES INCLUDING FUNDING OF SCHOLARSHIPS, ACADEMIC SUPPORT, CAPITAL AND OTHER SPECIAL PROJECTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A NOTICE OF THE UNIVERSITY'S NONDISCRIMINATORY POLICY IS PUBLISHED AND ADVERTISED TO THE PUBLIC VIA BOTH THE UNIVERSITY'S WEBSITE* AND BROCHURES IN ACCORDANCE WITH REVENUE PROCEDURE 75-50. * WITH THE CLOSING OF UNIVERSITY OPERATIONS IN AUGUST 2022 (SEE SCHEDULE O), THE WEBSITE WAS REVISED TO ASSIST TRANSFERRING STUDENTS AND THE NONDISCRIMINATORY POLICY IS NO LONGER VIEWABLE. SCHEDULE E, PART I, LINE 6 THE COLLEGE ADMINISTERS FEDERAL GOVERNMENT FINANCIAL AID TO ITS STUDENTS. 1 MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 884077281 501(C)(3) 550000 0 EDUCATIONAL GRANTS/PROGRAMS 1 INSTITUTIONAL & ENDOWED SCHOLARSHIPS 8 8210 PART I, LINE 2: DESCRIBE THE PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE U.S.: PELL GRANT AND DIRECT LOAN ORIGINATION AND DISBURSEMENT IS COMPLETED BY THE ASSOCIATE DIRECTOR. THE DIRECTOR COMPLETES RECONCILIATION OF THE PELL GRANT AND DIRECT LOAN PROGRAMS. CNS CREATES PELL GRANT ORIGINATION AND DISBURSEMENT RECORDS, WHICH ARE SENT VIA EDCONNECT THROUGH THE COMMON ORIGINATION AND DISBURSEMENT (COD) PROCESS. STATEMENT OF ACCOUNTS FILES ARE RECONCILED MONTHLY BETWEEN CNS AND STUDENT ACCOUNTS RECORDS, COD AND FINANCIAL AID AND BETWEEN FINANCIAL AID AND STUDENT ACCOUNTS. THE DIRECTOR IS RESPONSIBLE FOR THE ADMINISTRATION OF THE CAL GRANT PROGRAM. THE WEBGRANTS ROSTER FROM THE CALIFORNIA STUDENT AID COMMISSION IS USED TO DETERMINE A STUDENT'S ELIGIBILITY FOR A CAL GRANT AWARD. RECONCILIATION IS COMPLETED EVERY TERM AFTER PAYMENT TRANSACTIONS ARE REPORTED THROUGH WEBGRANTS ON A STUDENT-BY-STUDENT BASIS. THE DIRECTOR OVERSEES THE ADMINISTRATION OF THE INSTITUTIONAL GRANTS & SCHOLARSHIPS. INSTITUTIONAL GRANTS & SCHOLARSHIPS ARE AWARDED TO STUDENTS THAT MEET THE SPECIFIC AWARD'S CRITERIA. THE INSTITUTIONAL GRANTS & SCHOLARSHIPS ARE POSTED IN CNS AND BATCHED OVER TO STUDENT ACCOUNTS ONCE PAYMENT HAS BEEN MADE. X X 1 0 0 0 0 0 0 0 0 ARIANE SCHAUER PROVOST & EXEC VP 200000 0 50000 0 25385 0 10541 0 20424 0 306350 0 0 0 ROBYN JONES VP OF ENROLLMENT MGMT 165000 0 41250 0 20943 0 8703 0 8518 0 244414 0 0 0 RYAN ALCANTARA VP OF S.A. & DEAN OF STUDENTS 147000 0 36750 0 18658 0 7372 0 798 0 210578 0 0 0 RICHARD ANDERSON CHIEF FINANCIAL OFFICER 193000 0 0 0 0 0 10236 0 519 0 203755 0 0 0 BRIAN MARCOTTE PRESIDENT 182500 0 0 0 0 0 0 0 0 0 182500 0 0 0 KIMBERLY BLUE WADE DEPT. CHAIR OF MULTIDISCIPLINARY STU 177777 0 0 0 0 0 6570 0 6378 0 190725 0 0 0 MICHAEL SEMENOFF DIRECTOR OF INSTITUTIONAL RESEARCH 77951 0 15590 0 73155 0 7515 0 22551 0 196762 0 0 0 JOHN ALEXANDER CHAIR OF NATURAL AND HEALTH SCIENCES 165188 0 0 0 0 0 5754 0 17204 0 188146 0 0 0 DAVID DRAPER CHAIR OF BEHAVIORAL SCIENCE 161813 0 0 0 0 0 5531 0 3172 0 170516 0 0 0 PART I, LINE 4A MICHAEL SEMENOFF-$59,963 SEVERANCE PAY SEE SCHEDULE N, PART III 2023-01-25 80000000 SEE SCHEDULE N, PART III 943067788 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA A CALIFORNIA CORPORATION 1111 FRANKLIN ST 7TH FLOOR OAKLAND CA 946075200 501(C)(3) 1 1 0 0 SCHEDULE N, PART II, LINE 1A: LAND, BUILDINGS, IMPROVEMENTS & CERTAIN REAL PROPERTY AT: - 30800 PALOS VERDES DR. E (MAIN CAMPUS) - 1600 PALOS VERDES DR. N. (VILLAS) SCHEDULE N, PART II, LINE 1D: THE $80M CONSIDERATION WAS A NEGOTIATED FINAL SALE PRICE FOR THE MAIN CAMPUS AND VILLAS LAND AND BUILDINGS. THE SALE WAS CONDUCTED VIA A PRIVATE BID SELECTION PROCESS LED BY BERKADIA REAL ESTATE ADVISORS/BROKERS. SCHEDULE N, PART II, LINES 2A AND 2B: THE BOARD OF TRUSTEES OF MARYMOUNT CALIFORNIA UNIVERSITY (MCU) ADOPTED A DISSOLUTION AND DISTRIBUTION PLAN THAT INCLUDED A DISTRIBUTION OF FINAL NET ASSETS TO MARYMOUNT EDUCATION FOUNDATION (MEF), AN INDEPENDENT FOUNDATION RECOGNIZED BY THE IRS IN NOVEMBER 2022 AS A 501C3 PUBLIC CHARITY. THE FOLLOWING EMPLOYEES OF MCU (PER FORM 990) ARE MEMBERS OF THE BOARD OF TRUSTEES OF MEF: ARIANE SCHAUER (KEY EMPLOYEE), BRIAN MARCOTTE (OFFICER). THE FOLLOWING MEMBERS OF THE TRUSTEES OF MCU ARE MEMBERS OF THE TRUSTEES OF MEF: BRIAN MARCOTTE, RICK EDLER, SR. ANTOINE-MARIE BAURIER, CAROLINE SAYERS, DR. SUE SOLDOFF, FR. MARK VILLANO. FORM 990, PART VI, SECTION A, LINE 4 ON NOVEMBER 17, 2022, MARYMOUNT CALIFORNIA UNIVERSITY FILED AMENDED AND RESTATED ARTICLES OF INCORPORATION WITH THE CALIFORNIA SECRETARY OF STATE. THE SIGNIFICANT CHANGE IN THE AMENDMENT/RESTATEMENT INCLUDED A CHANGE IN ARTICLE III THAT PROVIDES FOR THE DISTRIBUTION OF ASSETS UPON THE DISSOLUTION OF THE MARYMOUNT TAX-EXEMPT CORPORATION. IN THE AMENDMENT, MARYMOUNT, UPON DISSOLUTION, MUST DISTRIBUTE ITS REMAINING ASSETS TO AN ORGANIZATION QUALIFIED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE (INTERNAL REVENUE CODE). THE CHANGE FOLLOWS IRS REQUIRED DISTRIBUTION PROVISIONS AND DOES NOT HAVE AN IMPACT ON MARYMOUNT'S ORGANIZED AND OPERATED", QUALIFIED, TAX-EXEMPT STATUS. FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE PROCESS USED BY THE ORGANIZATION TO REVIEW THE FORM 990. THE INFORMATION RETURN WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED AND APPROVED BY MANAGEMENT. ONCE APPROVED BY MANAGEMENT, THE RETURN WAS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C DOES THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY? ALL BOARD OF TRUSTEE MEMBERS ARE REQUIRED TO SIGN A STATEMENT ACKNOWLEDGING THEY UNDERSTAND THE CONFLICT OF INTEREST POLICY AND THE BOARD OF TRUSTEE MEMBERS ARE REQUIRED TO DISCLOSE ANY SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A DESCRIBE THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL. THE ORGANIZATION'S BOARD OF TRUSTEES PERIODICALLY REVIEWS THE PRESIDENT'S COMPENSATION PACKAGE IN ITS DETERMINATION OF COMPENSATION. THE BOARD REVIEWS DATA FROM OTHER ORGANIZATIONS SUCH AS THE ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES (AICCU) AS WELL AS OTHER DATA SOURCES. FORM 990, PART VI, SECTION C, LINE 18 DESCRIBE HOW THE ORGANIZATION MAKES ITS FORM 1023, 990 AND 990-T DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION. THE UNIVERSITY'S FORM 990 IS AVAILABLE TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG, IRS.GOV SEARCH TOOL (SEE LINE 19 BELOW) OR UPON WRITTEN REQUEST. THE UNIVERSITY WAS FORMED IN 1948 AND, HENCE, IS NOT REQUIRED TO MAKE THE FORM 1023 AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION C, LINE 19 DESCRIBE HOW THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. THE INFORMATION RETURNS ARE MADE AVAILABLE TO THE PUBLIC: (1) UPON WRITTEN REQUEST, (2) THROUGH WWW.GUIDESTAR.ORG, A PUBLIC WEBSITE, AND (3) THROUGH THE IRS.GOV TAX EXEMPT ORGANIZATION SEARCH TOOL > IRS.GOV/CHARITIESNONPROFITS/SEARCHFORTAXEXEMPT=ORGANIZATIONS. FORM 990, PART XI, LINE 9: RETURNED ENDOWMENTS (INCLUDES $ 9,015.00 RESTRICTED, NON-ENDOWMENT ASSETS) -1,525,473. SCHEDULE N, PART II: CLOSING OF UNIVERSITY OPERATIONS: ON APRIL 22, 2022, THE UNIVERSITY FORMALLY ANNOUNCED THAT EDUCATIONAL OPERATIONS (UNDERGRADUATE, ACADEMIC COURSES FOR DEGREE CREDITS) WOULD DISCONTINUE AS OF AUGUST 31, 2022. SUBSEQUENT TO AUGUST 31,2022, THE UNIVERSITY HAS BEEN ENGAGED IN CONTINUING PUBLIC CHARITY ACTIVITIES FULFILLING REQUESTS AND REQUIREMENTS OF THE DEPARTMENT OF EDUCATION, ACCREDITATION AGENCIES, AND OTHER RELATED BODIES. AS THE UNIVERSITY CONTINUES THESE WIND-UP ACTIVITIES, A FINAL, SHORT PERIOD FORM 990 IS BEING CONSIDERED. A SCHEDULE N WILL BE FILED WITH ANY FINAL RETURN.