UNIVERSITY OF LA VERNE: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF LA VERNE (EIN 95-1644026)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-14
- IRS object ID
- 202421359349304442
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-14T15:04:27-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 STATE ST 13TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951644026 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF LA VERNE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 9095933511 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1950 THIRD STREET | AddressLine1Txt |
| City | LA VERNE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 917504401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AVEDIS KECHICHIAN | PersonNm |
| Person Title | ASSOCIATE VP OF FINANCE | PersonTitleTxt |
| Phone | 9095933511 | PhoneNum |
| Signature | 2024-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | AVEDIS | PersonFirstNm |
| Person Last | KECHICHIAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIN COUTURE | PreparerPersonNm |
| PTIN | P01390592 | PTIN |
| Phone | 6177237900 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DR PARDIS MAHDAVI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1950 THIRD STREET | AddressLine1Txt |
| City | LA VERNE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 917504401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $274,238,780 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LAVERNE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1891 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE OPPORTUNITIES FOR STUDENTS TO ACHIEVE EDUCATIONAL GOALS AND BECOMING CONTRIBUTING CITIZENS TO THE GLOBAL COMMUNITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 31 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 2252 | TotalEmployeeCnt |
| Total Volunteers | 30 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $24,234,937 | PYContributionsGrantsAmt |
| CY Contributions Grants | $20,376,472 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $187,902,359 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $183,466,993 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,323,621 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,998,919 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,471,996 | PYOtherRevenueAmt |
| CY Other Revenue | $1,356,563 | CYOtherRevenueAmt |
| PY Total Revenue | $221,932,913 | PYTotalRevenueAmt |
| CY Total Revenue | $210,198,947 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $64,461,816 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $64,103,292 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $83,565,374 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $84,924,476 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,772,940 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $66,987,777 | PYOtherExpensesAmt |
| CY Other Expenses | $61,279,223 | CYOtherExpensesAmt |
| PY Total Expenses | $215,014,967 | PYTotalExpensesAmt |
| CY Total Expenses | $210,306,991 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,917,946 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$108,044 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $450,756,910 | TotalAssetsBOYAmt |
| Total Assets EOY | $455,580,567 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $156,506,068 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $148,560,444 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $294,250,842 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $307,020,123 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE UNIVERSITY OF LA VERNE OFFERS A DISTINCTIVE AND RELEVANT EDUCATIONAL EXPERIENCE TO A DIVERSE POPULATION OF TRADITIONAL-AGE, ADULT, AND GRADUATE LEARNERS, PREPARING THEM FOR SUCCESSFUL CAREERS AND A COMMITMENT TO LIFE-LONG LEARNING ACROSS THE LIBERAL ARTS AND PROFESSIONAL PROGRAMS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $170,426,802 | ExpenseAmt |
| Grant | $64,103,292 | GrantAmt |
| Revenue | $185,091,551 | RevenueAmt |
| Desc | SEE SCHEDULE OUNIVERSITY OF LA VERNE OFFERS HIGH QUALITY DEGREE PROGRAMS TO BOTH TRADITIONAL-AGE AND ADULT LEARNERS: PROVIDING LIBERAL ARTS AND PROFESSIONAL PROGRAMS FORM UNDERGRADUATE TO DOCTORAL LEVELS, AND DELIVERING PROGRAMS TO STUDENTS AT THE CENTRAL LA VERNE CAMPUS AS WELL AS REGIONAL CAMPUSES AND SATELLITE CLASS LOCATIONS THROUGHOUT CALIFORNIA. THE UNIVERSITY PROVIDES A STUDENT-CENTERED, VALUES-BASED, AND DIVERSE LEARNING ENVIRONMENT. IT TAKES PRIDE IN OFFERING SMALL CLASS SIZES IN A HIGHLY PERSONALIZED SETTING. THE UNIVERSITY ENCOURAGES EFFECTIVE TEACHING, RESEARCH, SCHOLARLY CONTRIBUTIONS, AND SERVICE TO THE GREATER COMMUNITY BY SHARING ITS ACADEMIC, PROFESSIONAL, AND INDIVIDUAL RESOURCES. UNIVERSITY OF LA VERNE PROVIDES EDUCATIONAL SERVICES TO 6,422 UNDERGRADUATE, GRADUATE, LAW, AND DOCTORAL STUDENTS. | Desc |
| Total Program Service Expenses | $170,426,802 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 264 | IRPDocumentCnt |
| IRP Document W2 G | 1 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2252 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Foreign Country | CJ | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 31 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LORI GORDIEN CASE | PersonNm |
| Phone | 9095933511 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1950 THIRD STREET | AddressLine1Txt |
| City | LA VERNE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 917504401 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (52 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| DEVORAH A LIEBERMAN | ||||||||||
| PRESIDENT | 40.00 | 0.00 | Yes (X) | Yes (X) | $593,292 | $0 | $57,587 | |||
| MARK HICKS | ||||||||||
| TRUSTEE/ADJUNCT FACULTY | 24.00 | 0.00 | Yes (X) | $64,368 | $0 | $1,166 | ||||
| ANTHONY REVIER | ||||||||||
| CHAIRMAN | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| VALERIE C ROMERO | ||||||||||
| VICE CHAIRMAN | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| SUSAN M SEARING | ||||||||||
| SECRETARY | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| LUIS FAURA | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEVEN N REENDERS | ||||||||||
| TRUSTEE (THRU 06/22) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL A ABRAHAM | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| KIM J BURCHIEL MD | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| KIM BOWEN | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANN QUAY DAVIS | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT DYER | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PETER ECKEL | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOSEPH V FENGLER | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| WENDY LAU ESQ | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALEX LESTER ESQ | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| KENNETH D LITTLE | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARY ANN MELLEBY | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAUL MOSELEY | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MIKE BROWN | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| CLIFFORD DANIELS | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| FRANK LIZARRAGA | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| EMMETT L TERRELL | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| REGGIE WEBB | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID LIZARRAGA | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ZOILA ESCOBAR | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARTHA DANIEL | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN RAFFOUL | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| OWEN RAY SKELTON | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| LUPE DE LA CRUZ | ||||||||||
| TRUSTEE (AS OF 07/22) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PETER HIDALGO | ||||||||||
| TRUSTEE (AS OF 07/22) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHRIS PIERCE | ||||||||||
| TRUSTEE (AS OF 07/22) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| AVEDIS KECHICHIAN | ||||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | 0.00 | Yes (X) | $343,258 | $0 | $95,414 | ||||
| KEROP JANOYAN | ||||||||||
| PROVOST | 40.00 | 0.00 | Yes (X) | $265,444 | $0 | $50,397 | ||||
| DOAJO HICKS | ||||||||||
| GENERAL COUNSEL (THRU 09/22) | 40.00 | 0.00 | Yes (X) | $256,076 | $0 | $50,162 | ||||
| SHERRI MYLOTT | ||||||||||
| VP, UNIVERSITY ADVANCEMENT | 40.00 | 0.00 | $259,223 | $0 | $44,988 | Yes (X) | ||||
| KEVIN MARSHALL | ||||||||||
| DEAN, COLLEGE OF LAW | 40.00 | 0.00 | $206,421 | $0 | $48,616 | Yes (X) | ||||
| MARY AGUAYO THRU 0523 | ||||||||||
| VP, STRATEGIC ENROLLMENT MGMT | 40.00 | 0.00 | $194,686 | $0 | $47,518 | Yes (X) | ||||
| SHANNON MATHEWS | ||||||||||
| DEAN, COLLEGE OF ARTS AND SCIENCES | 40.00 | 0.00 | $177,433 | $0 | $58,362 | Yes (X) | ||||
| TODD BRITTON | ||||||||||
| CHIEF INFO. OFFICER, AVP | 40.00 | 0.00 | $196,865 | $0 | $35,992 | Yes (X) | ||||
| EMMELINE DE PILLIS | ||||||||||
| DEAN, COLLEGE OF BUSINESS | 40.00 | 0.00 | $207,691 | $0 | $24,187 | Yes (X) | ||||
| BRIAN CLOCKSIN | ||||||||||
| INTERIM PROVOST (THRU 03/23) | 40.00 | 0.00 | $185,891 | $0 | $41,618 | Yes (X) | ||||
| MD HAQUE | ||||||||||
| INTERIM DEAN OF COLLEGE OF EDUCATION | 40.00 | 0.00 | $180,121 | $0 | $33,557 | Yes (X) | ||||
| JUAN REGALADO | ||||||||||
| DEAN OF STUDENTS | 40.00 | 0.00 | $162,534 | $0 | $15,180 | Yes (X) | ||||
| IBRAHIM HELOU | ||||||||||
| PROFESSOR OF FINANCE | 40.00 | 0.00 | $221,947 | $0 | $45,756 | Yes (X) | ||||
| LORI GORDIEN | ||||||||||
| ASSOC VP OF FINANCE | 40.00 | 0.00 | $192,498 | $0 | $47,684 | Yes (X) | ||||
| KEEOK PARK | ||||||||||
| ASSOC DEAN COLLEGE OF BUSINESS | 40.00 | 0.00 | $190,939 | $0 | $40,063 | Yes (X) | ||||
| PLACIDO GOMEZ | ||||||||||
| PROFESSOR OF LAW | 40.00 | 0.00 | $180,919 | $0 | $44,565 | Yes (X) | ||||
| ISSAM GHAZAWI | ||||||||||
| ASSOC PROFESSOR OF MGMT | 40.00 | 0.00 | $187,101 | $0 | $29,908 | Yes (X) | ||||
| JONATHAN REED | ||||||||||
| PROVOST (THRU 06/21) | 40.00 | 0.00 | $224,964 | $0 | $20,994 | Yes (X) | ||||
| RODNEY LEVEQUE | ||||||||||
| AS. VP FOR STGIC. COM. (THRU 01/23) | 40.00 | 0.00 | $146,268 | $0 | $13,926 | Yes (X) | ||||
| KIMBERLY WHITE-SMITH | ||||||||||
| DEAN, COLLEGE OF EDU. (THRU 06/22) | 40.00 | 0.00 | $130,957 | $0 | $26,728 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,768,896 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $874,368 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 192 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PROFESSIONAL DEVELOPMENT COURSES | |||||
| 1930 MARKET ST | MOUNT VERNON | WA | 98273 | CORRESPONDENT WORK | $5,748,581 |
| BON APPETIT | |||||
| 201 REDWOOD SHORES PKWY STE 100 | REDWOOD SHORES | CA | 94065 | FOOD SERVICES | $3,536,691 |
| CONVERZE MEDIA GROUP LLC | |||||
| 17011 BEACH BLVD STE 600 | HUNTINGTON BEACH | CA | 92647 | ADVERTISING | $2,474,675 |
| SODEXOI NC & AFFILIATES | |||||
| 9801 WASHINGTONIAN BLVD | GAITHERSBURG | MD | 20878 | HOUSEKEEPING SERVICES | $1,887,082 |
| CALL & JANSEN APC | |||||
| 610 NEWPORT CENTER DRIVE STE 700 | NEWPORT BEACH | CA | 92660 | LEGAL SERVICES | $1,007,301 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 47 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $554,646 | FundraisingAmt |
| Government Grants | $17,538,085 | GovernmentGrantsAmt |
| All Other Contributions | $2,283,741 | AllOtherContributionsAmt |
| Noncash Contributions | $212,959 | NoncashContributionsAmt |
| Total Contributions | $20,376,472 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 611310 | $171,986,149 | $171,986,149 |
| AUXILIARY ENTERPRISES | 611310 | $11,275,539 | $11,275,539 |
| SPONSORED PROGRAMS | 900099 | $108,087 | $108,087 |
| BOOKSTORE | 900099 | $63,241 | $63,241 |
| TICKET SALES & EVENTS | 900099 | $33,977 | $33,977 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $183,466,993 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,771,141 | TotalRevenueColumnAmt |
| Exclusion | $5,771,141 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $125,801 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $125,801 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $125,801 | TotalRevenueColumnAmt |
| Exclusion | $125,801 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $62,645,273 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $63,417,495 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$772,222 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$772,222 | TotalRevenueColumnAmt |
| Exclusion | -$772,222 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $228,542 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $554,646 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $622,338 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$393,796 | TotalRevenueColumnAmt |
| Exclusion | -$393,796 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| USE OF FACILITIES | 900099 | $240,428 | $240,428 |
| STUDENT PROJECT SALES | 900099 | $66,336 | $66,336 |
| STAFF PARKING FEES | 900099 | $15,575 | $15,575 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,302,219 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,302,219 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,624,558 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $210,198,947 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $185,091,551 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,730,924 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,103,292 | TotalAmt |
| Program Services | $64,103,292 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,347,221 | TotalAmt |
| Program Services | $2,782,889 | ProgramServicesAmt |
| Management And General | $1,012,019 | ManagementAndGeneralAmt |
| Fundraising | $552,313 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $279,766 | TotalAmt |
| Program Services | $109,381 | ProgramServicesAmt |
| Management And General | $170,385 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,271,749 | TotalAmt |
| Program Services | $52,685,557 | ProgramServicesAmt |
| Management And General | $10,626,355 | ManagementAndGeneralAmt |
| Fundraising | $1,959,837 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,278,880 | TotalAmt |
| Program Services | $3,248,528 | ProgramServicesAmt |
| Management And General | $889,577 | ManagementAndGeneralAmt |
| Fundraising | $140,775 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,884,950 | TotalAmt |
| Program Services | $4,609,929 | ProgramServicesAmt |
| Management And General | $1,074,643 | ManagementAndGeneralAmt |
| Fundraising | $200,378 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,861,910 | TotalAmt |
| Program Services | $3,967,608 | ProgramServicesAmt |
| Management And General | $741,935 | ManagementAndGeneralAmt |
| Fundraising | $152,367 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,715 | TotalAmt |
| Program Services | $10,516 | ProgramServicesAmt |
| Management And General | $131,199 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $219,863 | TotalAmt |
| Management And General | $219,863 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,447 | TotalAmt |
| Management And General | $273,447 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,052,568 | TotalAmt |
| Program Services | $12,753,115 | ProgramServicesAmt |
| Management And General | $5,012,809 | ManagementAndGeneralAmt |
| Fundraising | $286,644 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,497,765 | TotalAmt |
| Program Services | $107,296 | ProgramServicesAmt |
| Management And General | $1,335,045 | ManagementAndGeneralAmt |
| Fundraising | $55,424 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,567,298 | TotalAmt |
| Program Services | $1,878,704 | ProgramServicesAmt |
| Management And General | $1,579,115 | ManagementAndGeneralAmt |
| Fundraising | $109,479 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,358,025 | TotalAmt |
| Program Services | $1,337,611 | ProgramServicesAmt |
| Management And General | $2,921,763 | ManagementAndGeneralAmt |
| Fundraising | $98,651 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,918,494 | TotalAmt |
| Program Services | $3,213,608 | ProgramServicesAmt |
| Management And General | $2,700,778 | ManagementAndGeneralAmt |
| Fundraising | $4,108 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,446,584 | TotalAmt |
| Program Services | $1,228,713 | ProgramServicesAmt |
| Management And General | $130,750 | ManagementAndGeneralAmt |
| Fundraising | $87,121 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $194,805 | TotalAmt |
| Program Services | $147,339 | ProgramServicesAmt |
| Management And General | $41,926 | ManagementAndGeneralAmt |
| Fundraising | $5,540 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,939,742 | TotalAmt |
| Program Services | $3,882,483 | ProgramServicesAmt |
| Management And General | $1,057,259 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,835,750 | TotalAmt |
| Program Services | $6,778,382 | ProgramServicesAmt |
| Management And General | $3,057,368 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,917,505 | TotalAmt |
| Program Services | $1,291,997 | ProgramServicesAmt |
| Management And General | $1,625,508 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SCHOLARSHIP ALLOCATIONS | $3,212,005 | $3,212,005 | ||
| LEGAL SETTLEMENTS | $1,253,395 | $1,253,395 | ||
| MEMBERSHIP/SUBSCRIPTION | $1,167,134 | $820,360 | $300,821 | $45,953 |
| EQUIPMENT RENTAL & MAIN | $721,202 | $245,055 | $394,389 | $81,758 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,561,926 | TotalAmt |
| Program Services | $2,012,434 | ProgramServicesAmt |
| Management And General | -$443,100 | ManagementAndGeneralAmt |
| Fundraising | -$7,408 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $210,306,991 | TotalAmt |
| Program Services | $170,426,802 | ProgramServicesAmt |
| Management And General | $36,107,249 | ManagementAndGeneralAmt |
| Fundraising | $3,772,940 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,653 | BOYAmt |
| EOY | $15,204 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,080,746 | BOYAmt |
| EOY | $43,609,418 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,247,674 | BOYAmt |
| EOY | $951,834 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,296,826 | BOYAmt |
| EOY | $6,729,239 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,431,512 | BOYAmt |
| EOY | $3,150,036 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,929 | BOYAmt |
| EOY | $21,119 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,615,792 | BOYAmt |
| EOY | $2,083,004 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $321,555,088 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $154,676,755 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,053,311 | BOYAmt |
| EOY | $166,878,333 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,531,335 | BOYAmt |
| EOY | $200,668,965 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,267,710 | BOYAmt |
| EOY | $17,853,368 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $4,372,007 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,207,422 | BOYAmt |
| EOY | $9,248,040 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $450,756,910 | BOYAmt |
| EOY | $455,580,567 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,886,350 | BOYAmt |
| EOY | $23,225,007 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,462,353 | BOYAmt |
| EOY | $8,207,833 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,982,179 | BOYAmt |
| EOY | $109,866,219 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $779,444 | BOYAmt |
| EOY | $4,241,496 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,395,742 | BOYAmt |
| EOY | $3,019,889 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $156,506,068 | BOYAmt |
| EOY | $148,560,444 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $178,246,213 | BOYAmt |
| EOY | $187,401,533 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,004,629 | BOYAmt |
| EOY | $119,618,590 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $294,250,842 | BOYAmt |
| EOY | $307,020,123 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $450,756,910 | BOYAmt |
| EOY | $455,580,567 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$108,044 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $13,303,447 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$426,122 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $122,161,420 | BeginningYearBalanceAmt |
| Contributions | $242,029 | ContributionsAmt |
| Investment Earnings Or Losses | $13,748,355 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,966,191 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$12,348 | OtherExpendituresAmt |
| End Year Balance | $131,197,961 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $146,560,560 | BeginningYearBalanceAmt |
| Contributions | $2,833,396 | ContributionsAmt |
| Investment Earnings Or Losses | -$21,706,450 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,461,418 | GrantsOrScholarshipsAmt |
| Other Expenditures | $64,668 | OtherExpendituresAmt |
| End Year Balance | $122,161,420 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $109,253,175 | BeginningYearBalanceAmt |
| Contributions | $2,072,230 | ContributionsAmt |
| Investment Earnings Or Losses | $37,183,708 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,955,968 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$7,415 | OtherExpendituresAmt |
| End Year Balance | $146,560,560 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $109,371,185 | BeginningYearBalanceAmt |
| Contributions | $506,836 | ContributionsAmt |
| Investment Earnings Or Losses | $1,372,780 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,956,344 | GrantsOrScholarshipsAmt |
| Other Expenditures | $41,282 | OtherExpendituresAmt |
| End Year Balance | $109,253,175 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $103,743,414 | BeginningYearBalanceAmt |
| Contributions | $2,969,582 | ContributionsAmt |
| Investment Earnings Or Losses | $4,537,094 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,878,905 | GrantsOrScholarshipsAmt |
| End Year Balance | $109,371,185 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.38000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.35000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.27000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,595,030 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $26,116,705 | OtherCostOrOtherBasisAmt |
| Book Value | $27,711,735 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $217,940,163 | OtherCostOrOtherBasisAmt |
| Depreciation | $88,595,708 | DepreciationAmt |
| Book Value | $129,344,455 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,532,367 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,020,891 | DepreciationAmt |
| Book Value | $511,476 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $69,741,218 | OtherCostOrOtherBasisAmt |
| Depreciation | $61,270,458 | DepreciationAmt |
| Book Value | $8,470,760 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,629,605 | OtherCostOrOtherBasisAmt |
| Depreciation | $789,698 | DepreciationAmt |
| Book Value | $839,907 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $166,878,333 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES PAYABLE | $2,003,347 |
| FEDERAL STUDENT LOAN FUNDS | $1,016,542 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,019,889 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $162,181,947 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $13,303,447 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$61,669,338 | OtherRevenueAmt |
| Revenue Not Reported | -$48,365,891 | RevenueNotReportedAmt |
| Revenue Subtotal | $210,547,838 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $273,447 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$622,338 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$348,891 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $210,198,947 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $149,412,666 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,048,460 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,048,460 | ExpensesNotReportedAmt |
| Expenses Subtotal | $148,364,206 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $273,447 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $61,669,338 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $61,942,785 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $210,306,991 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE BOARD MEMBERS OF THE UNIVERSITY, IN SETTING THE ENDOWMENT SPENDING POLICY, CONSIDERED THE FOLLOWING FACTORS: 1) PRESERVATION OF ASSET VALUES; 2) PRESERVATION OF PURCHASING POWER; AND 3) CONSISTENCY OF SPENDING OVER TIME. THE UNIVERSITY'S BOARD ADOPTED A SPENDING POLICY OF 4.50% OF THE TWELVE-QUARTER MOVING AVERAGE MARKET VALUE OF THE ENDOWMENT POOL FOR THE YEAR ENDED JUNE 30, 2022 WITH A VIEW TOWARD BALANCING THE NEED FOR EXPENDABLE FUNDS FOR UNIVERSITY PROGRAMS AGAINST THE NEED TO PRESERVE THE ENDOWMENT AGAINST INFLATION. IN ORDER TO ACHIEVE THE OBJECTIVE OF MAINTAINING PURCHASING POWER, THE ENDOWMENT'S ANNUAL RATE OF RETURN MUST EQUAL THE ANNUAL DISTRIBUTION, PLUS INFLATION, PLUS MANAGEMENT, CUSTODIAL AND ADMINISTRATIVE FEES. THE TWELVE-QUARTER MOVING AVERAGE OF THE PORTFOLIO'S MARKET VALUE PROTECTS THE UNIVERSITY'S DISTRIBUTION FROM MARKET VOLATILITY. DISTRIBUTIONS ARE PROVIDED TO STUDENTS FOR SCHOLARSHIPS, VARIOUS COLLEGES, AND PROGRAMS IN ACCORDANCE WITH DONOR DESIGNATIONS. |
| PART X, LINE 2: | THE UNIVERSITY FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE UNIVERSITY HAS ALSO BEEN RECOGNIZED BY THE CALIFORNIA FRANCHISE TAX BOARD AS EXEMPT FROM CALIFORNIA FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE UNIVERSITY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | STUDENT FINANCIAL AID -61,669,338. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSE -622,338. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | NET CHANGE IN ACTUARIAL OBLIGATIONS 207,228. NET LOSS ON DISPOSAL OF FIXED ASSETS 218,894. FUNDRAISING EXPENSE 622,338. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT FINANCIAL AID 61,669,338. |
| PART IX, RIGHT-OF-USE ASSETS | THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") IMPLEMENTED A NEW LEASE ACCOUNTING STANDARD THAT BECAME EFFECTIVE IN THE YEAR ENDING JUNE 30, 2021. THIS ACCOUNTING STANDARD WAS EFFECTUATED TO IMPROVE THE TRANSPARENCY SURROUNDING KEY INFORMATION PERTAINING TO AN EXEMPT ORGANIZATION'S LEASING ARRANGEMENTS (AND TO ENSURE THAT ALL ORGANIZATIONS WERE RECORDING THE TRANSACTIONS UNIFORMLY ON THEIR BALANCE SHEETS). |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY THE UNIVERSITY CUSTOMARILY DRAWS STUDENTS FROM THE LOCAL COMMUNITIES. THE UNIVERSITY FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AND ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED ON THE UNIVERSITY'S WEBSITE. |
| LINE 6 - EXPLANATION OF GOVERMENT FINANCIAL AID: | THE UNIVERSITY RECEIVES ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION, THE U.S. SMALL BUSINESS ADMINISTRATION, AND THE CALIFORNIA COMMISSION ON TEACHING CREDENTIALING. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $7,171,301 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $7,171,301 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $7,171,301 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III ACCOUNTING METHOD: | |
| SCHEDULE F, PART I, LINE 3(F): | THE INVESTMENTS FOR EACH REGION ARE RECORDED USING THE ACCRUAL METHOD OF ACCOUNTING. |
| SCHEDULE F, PART IV: | THE SCHOOL INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR PARTNERSHIPS. IN ADDITION, THE SCHOOL INVESTS IN DOMESTIC LIMITED PARTNERSHIP THAT MAY, IN TURN INVEST IN FOREIGN CORPORATION OR PARTNERSHIPS. NEVERTHELESS, THE INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, OR 8865. TO THE EXTENT THAT THE SCHOOL IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, IT IS FILED WITH THE SCHOOL'S FORM 990-T. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF TOURNAMENT | Event1Nm |
| Gross Receipts Event1 | $61,995 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $40,605 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $21,390 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $21,351 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $23,412 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $5,134 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $27,704 | OtherDirectExpensesEvent1Amt |
| Event2 | GALA | Event2Nm |
| Gross Receipts Event2 | $721,193 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $514,041 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $207,152 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $399,274 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $3,877 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $78,320 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $63,266 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $783,188 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $554,646 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $228,542 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $420,625 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $27,289 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $83,454 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $90,970 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $622,338 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$393,796 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|
| SCHOLARSHIPS/GRANTS FOR STUDENTS | 5750 | $61,669,337 | $0 |
| STUDENT TUITION REMISSION | 115 | $2,433,955 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | STUDENTS WHO RECEIVE GRANTS FROM THE UNIVERSITY ARE DETERMINED IN ACCORDANCE WITH THE UNIVERSITY'S STANDARD POLICIES AND PROCEDURES. IN SUMMARY, A STUDENT IS REQUIRED TO COMPLETE A FAFSA TO BE CONSIDERED FOR FINANCIAL AID ASSISTANCE. UPON COMPLETION OF THE FAFSA, THE UNIVERSITY IS PROVIDED THE STUDENT'S ESTIMATED FAMILY CONTRIBUTIONS (EFC). BASED ON THE EFC AND OTHER CRITERIA (I.E. ENROLLMENT STATUS, ACADEMIC STANDING, ETC.), THE OFFICE OF FINANCIAL AID MAY AWARD A STUDENT AN INSTITUTIONAL GRANT. THERE ARE SYSTEMIC PROCEDURES IN PLACE TO ENSURE THAT THE GRANT IS APPLIED AGAINST TUITION AND MEETS THE REQUIREMENTS OF THE SPECIFIC GRANT. STUDENT ACCOUNTS AND THE OFFICE OF FINANCIAL AID ARE RESPONSIBLE FOR MONITORING THE STUDENT'S FINANCIAL AID STATUS WHILE AT THE UNIVERSITY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (21 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DEVORAH A LIEBERMAN | ||||||||||||||
| PRESIDENT | $526,821 | $0 | $0 | $0 | $66,471 | $0 | $29,650 | $0 | $27,937 | $0 | $650,879 | $0 | $0 | $0 |
| AVEDIS KECHICHIAN | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $320,029 | $0 | $0 | $0 | $23,229 | $0 | $26,826 | $0 | $68,588 | $0 | $438,672 | $0 | $0 | $0 |
| KEROP JANOYAN | ||||||||||||||
| PROVOST | $265,444 | $0 | $0 | $0 | $0 | $0 | $27,240 | $0 | $23,157 | $0 | $315,841 | $0 | $0 | $0 |
| DOAJO HICKS | ||||||||||||||
| GENERAL COUNSEL (THRU 09/22) | $256,076 | $0 | $0 | $0 | $0 | $0 | $20,442 | $0 | $29,720 | $0 | $306,238 | $0 | $0 | $0 |
| SHERRI MYLOTT | ||||||||||||||
| VP, UNIVERSITY ADVANCEMENT | $259,223 | $0 | $0 | $0 | $0 | $0 | $24,303 | $0 | $20,685 | $0 | $304,211 | $0 | $0 | $0 |
| IBRAHIM HELOU | ||||||||||||||
| PROFESSOR OF FINANCE | $221,947 | $0 | $0 | $0 | $0 | $0 | $20,367 | $0 | $25,389 | $0 | $267,703 | $0 | $0 | $0 |
| KEVIN MARSHALL | ||||||||||||||
| DEAN, COLLEGE OF LAW | $206,421 | $0 | $0 | $0 | $0 | $0 | $20,930 | $0 | $27,686 | $0 | $255,037 | $0 | $0 | $0 |
| JONATHAN REED | ||||||||||||||
| PROVOST (THRU 06/21) | $224,964 | $0 | $0 | $0 | $0 | $0 | $20,892 | $0 | $102 | $0 | $245,958 | $0 | $0 | $0 |
| MARY AGUAYO THRU 0523 | ||||||||||||||
| VP, STRATEGIC ENROLLMENT MGMT | $194,686 | $0 | $0 | $0 | $0 | $0 | $20,804 | $0 | $26,714 | $0 | $242,204 | $0 | $0 | $0 |
| LORI GORDIEN | ||||||||||||||
| ASSOC VP OF FINANCE | $190,462 | $0 | $0 | $0 | $2,036 | $0 | $19,666 | $0 | $28,018 | $0 | $240,182 | $0 | $0 | $0 |
| SHANNON MATHEWS | ||||||||||||||
| DEAN, COLLEGE OF ARTS AND SCIENCES | $177,433 | $0 | $0 | $0 | $0 | $0 | $18,737 | $0 | $39,625 | $0 | $235,795 | $0 | $0 | $0 |
| TODD BRITTON | ||||||||||||||
| CHIEF INFO. OFFICER, AVP | $196,865 | $0 | $0 | $0 | $0 | $0 | $18,034 | $0 | $17,958 | $0 | $232,857 | $0 | $0 | $0 |
| EMMELINE DE PILLIS | ||||||||||||||
| DEAN, COLLEGE OF BUSINESS | $207,691 | $0 | $0 | $0 | $0 | $0 | $20,486 | $0 | $3,701 | $0 | $231,878 | $0 | $0 | $0 |
| KEEOK PARK | ||||||||||||||
| ASSOC DEAN COLLEGE OF BUSINESS | $190,939 | $0 | $0 | $0 | $0 | $0 | $16,964 | $0 | $23,099 | $0 | $231,002 | $0 | $0 | $0 |
| BRIAN CLOCKSIN | ||||||||||||||
| INTERIM PROVOST (THRU 03/23) | $185,452 | $0 | $0 | $0 | $439 | $0 | $17,516 | $0 | $24,102 | $0 | $227,509 | $0 | $0 | $0 |
| PLACIDO GOMEZ | ||||||||||||||
| PROFESSOR OF LAW | $180,919 | $0 | $0 | $0 | $0 | $0 | $17,046 | $0 | $27,519 | $0 | $225,484 | $0 | $0 | $0 |
| ISSAM GHAZAWI | ||||||||||||||
| ASSOC PROFESSOR OF MGMT | $184,923 | $0 | $0 | $0 | $2,178 | $0 | $12,433 | $0 | $17,475 | $0 | $217,009 | $0 | $0 | $0 |
| MD HAQUE | ||||||||||||||
| INTERIM DEAN OF COLLEGE OF EDUCATION | $180,121 | $0 | $0 | $0 | $0 | $0 | $10,268 | $0 | $23,289 | $0 | $213,678 | $0 | $0 | $0 |
| JUAN REGALADO | ||||||||||||||
| DEAN OF STUDENTS | $162,534 | $0 | $0 | $0 | $0 | $0 | $15,078 | $0 | $102 | $0 | $177,714 | $0 | $0 | $0 |
| RODNEY LEVEQUE | ||||||||||||||
| AS. VP FOR STGIC. COM. (THRU 01/23) | $146,268 | $0 | $0 | $0 | $0 | $0 | $13,824 | $0 | $102 | $0 | $160,194 | $0 | $0 | $0 |
| KIMBERLY WHITE-SMITH | ||||||||||||||
| DEAN, COLLEGE OF EDU. (THRU 06/22) | $130,957 | $0 | $0 | $0 | $0 | $0 | $11,461 | $0 | $15,267 | $0 | $157,685 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE AND PERSONAL SERVICES THE UNIVERSITY PROVIDES THE PRESIDENT WITH OFF-CAMPUS HOUSING. PERSONAL USE OF THE HOUSE, INCLUDING RENTAL VALUE, HOUSEKEEPING, UTILITIES IS CALCULATED AND REFLECTED IN OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III). SOCIAL CLUB DUES WERE PAID ON BEHALF OF AN INDIVIDUAL LISTED IN SCHEDULE J, PART II. THE SOCIAL CLUB WAS USED FOR BUSINESS PURPOSES AND AMOUNTS WERE TREATED AS NONTAXABLE. |
| PART I, LINE 4B | THE PRESIDENT AND CFO EACH PARTICIPATE IN A NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT. IN ORDER TO RECEIVE AMOUNTS DEFERRED UNDER THE ARRANGEMENT, THE INDIVIDUAL MUST BE EMPLOYED ON THE VESTING DATE. AMOUNTS ACCRUED FOR CALENDAR YEAR 2022 ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C. NO AMOUNTS WERE PAID OUT UNDER THE AGREEMENTS IN CALENDAR YEAR 2022. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CALIFORNIA MUNICIPAL FINANCE AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 201563466 | BondIssuerEIN |
| CUSIP | 13048T2U6 | CUSIPNum |
| Bond Issued | 2017-04-20 | BondIssuedDt |
| Issue Price | $130,743,561 | IssuePriceAmt |
| Purpose | CONSTRUCTION & REFUND PRIOR BONDS | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $21,245,000 | RetiredAmt |
| Total Proceeds | $131,200,732 | TotalProceedsAmt |
| Capitalized Interest | $29,456,916 | CapitalizedInterestAmt |
| Issuance Costs From Proceeds | $1,309,010 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $44,885,483 | CapitalExpendituresAmt |
| Other Spent Proceeds | $55,542,700 | OtherSpentProceedsAmt |
| Unspent | $6,623 | UnspentAmt |
| Substantial Completion | 2018 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (1) | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 3, COLUMN A | FormAndLineReferenceDesc |
| Explanation | THE CMFA 2015A AND 2010A BONDS WERE REFINANCED TO THE CMFA 2017 A&B BOND ISSUE. THE CMFA 2010A AND CMFA 2015 BONDS WERE COLLATERALIZED BY PARCELS OF LAND, AND HAD VARIOUS DEBT COVENANTS. THE CMFA 2017 A&B BONDS ARE UNSECURED AND HAVE NO FINANCIAL DEBT COVENANTS. IN ADDITION TO REFINANCING PRIOR BONDS, THE CMFA 2017 A&B BONDS, PROVIDED AN ADDITIONAL $42,000,000 OF FUNDS. THE FUNDS WERE MOSTLY UTILIZED TOWARD THE CONSTRUCTION OF A NEW RESIDENCE AND DINING HALL. DUE TO INTEREST EARNINGS OF $457,171 ON THE CMFA A&B BOND ISSUE, THE TOTAL PROCEEDS OF ISSUE ON LINE 3 OF $131,200,732 WILL NOT RECONCILE BACK TO THE TOTAL ISSUE PRICE IN PART I, ROW A, COLUMN E OF $130,743,561. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| ANKINE KECHICHIAN | |||
| FAMILY MEMBER OF CFO | $125,077 | COMPENSATION FOR EMPLOYMENT | 0 |
| MICHELLE KECHICHIAN | |||
| FAMILY MEMBER OF CFO | $108,662 | COMPENSATION FOR EMPLOYMENT | 0 |
| LISA LESTER | |||
| FAMILY MEMBER OF TRUSTEE | $57,679 | COMPENSATION FOR EMPLOYMENT | 0 |
| CYTELLIX CORPORATION | |||
| TRUSTEE IS A GREATER THAN 35% SHAREHOLDER | $64,383 | TRUSTEE COMPANY | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART IV: | FormAndLineReferenceDesc |
| Explanation | THE EMPLOYMENT AND CONSULTING CONTRACTS BETWEEN THE UNIVERSITY AND THEINDIVIDUALS LISTED ARE INDEPENDENT OF THEIR FAMILY RELATIONSHIP WITH THE INTERESTED PERSONS OF THE UNIVERSITY. ALL TRANSACTIONS ARE DEEMED ARM'S LENGTH. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $195,522 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | MISCELLANEOUS | Desc |
| Contribution | 27 | ContributionCnt |
| Noncash Contributions Rpt F990 | $17,437 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE ORGANIZATION IS REPORTING BOTH THE NUMBERS OF CONTRIBUTORS AND NUMBERS OF ITEMS RECEIVED ON SCHEDULE M, PART I, COLUMN (B). |
| PART I, LINE 32B: | THE UNIVERSITY MAY UTILIZE ORGANIZATIONS TO LIQUIDATE NON-CASH CONTRIBUTIONS IF IT IS DETERMINED THAT IT DOES NOT WANT TO MAINTAIN THE CONTRIBUTION AND THE DONOR RESTRICTIONS ALLOW FOR SUCH LIQUIDATION. THE THIRD-PARTY ORGANIZATION SELECTED DEPENDS ON THE TYPE OF CONTRIBUTION RECEIVED AND THE MARKET IN WHICH IT CAN BE LIQUIDATED. FOR EXAMPLE, THE UNIVERSITY MAY UTILIZE A PROPERTY MANAGEMENT FIRM TO POST AVAILABLE PROPERTIES OF REAL ESTATE. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE SHALL CONSIST OF NO FEWER THAN SEVEN (7) OR MORE THAN TWELVE (12) TRUSTEES. THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE PRESIDENT OF THE UNIVERSITY, BOARD CHAIR, VICE-CHAIR, SECRETARY, COMMITTEE CHAIRS, AND ONE AT-LARGE MEMBER RECOMMENDED BY THE BOARD CHAIR AND ELECTED BY THE MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE BOARD OF THE BOARD OF TRUSTEES SHALL ALSO SERVE AS THE OFFICERS OF THE EXECUTIVE COMMITTEE. THE CHIEF FINANCIAL OFFICER SHALL SERVE AS AN EX-OFFICIO MEMBER OF THIS COMMITTEE, WITHOUT THE POWER TO VOTE, AND S/HE SHALL NOT BE COUNTED AS A MEMBER OF THE COMMITTEE FOR ANY PURPOSE. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE THE FULL AUTHORITY OF THE BOARD WITH THE FOLLOWING EXCEPTIONS: I. FILL VACANCIES ON THE BOARD OF TRUSTEES OR IN ANY COMMITTEE WHICH HAS THE AUTHORITY OF THE BOARD; II. AMEND OR REPEAL THESE BYLAWS OR ADOPT NEW BYLAWS; III. AMEND OR REPEAL ANY RESOLUTION OF THE BOARD WHICH BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEALABLE; IV. APPOINT COMMITTEES OF THE BOARD OR THE MEMBERS THEREOF; V. APPROVE OF ANY SELF-DEALING TRANSACTION EXCEPT AS PROVIDED BY LAW; OR VI. ANY OTHER ACTIONS PROHIBITED BY CALIFORNIA CORPORATIONS CODE SECTION 5212 (A). IN ADDITION, THE EXECUTIVE COMMITTEE MAY NOT AWARD DEGREES OR APPOINT OR REMOVE THE PRESIDENT OF THE UNIVERSITY UNLESS SPECIFICALLY EMPOWERED BY THE BOARD OF TRUSTEES TO DO SO. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE INFORMATION/DATA FOR THE 990 IS PRIMARILY GATHERED, CALCULATED, AND COMPILED BY THE UNIVERSITY'S DIRECTOR OF ACCOUNTING. UPON COMPLETING THESE STEPS, THE INFORMATION IS FORWARDED TO THE ASSOCIATE VICE PRESIDENT OF FINANCE FOR REVIEW AND APPROVAL. ONCE APPROVED THE INFORMATION/DATA IS SENT TO THE ACCOUNTING FIRM GRANT THORNTON LLP TO PREPARE THE FORM 990. ONCE COMPLETED, THE FORM 990 IS FORWARDED TO THE DIRECTOR OF ACCOUNTING TO ENSURE THAT THE INFORMATION THAT HAD BEEN ORIGINALLY PROVIDED WAS ENTERED CORRECTLY ONTO THE FORM. THE ASSOCIATE VICE PRESIDENT OF FINANCE ALSO PERFORMS A REVIEW OF THE RETURN, AFTER WHICH IT IS FORWARDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW, COMMENTS, AND APPROVAL. THE FULL FILING COPY OF THE APPROVED FORM 990 IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES THROUGH THE POSTING ON A SECURE WEBSITE PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY, THERE ARE ANNUAL SIGNED STATEMENTS OBTAINED FROM OFFICERS, TRUSTEES AND KEY EMPLOYEES. THE ASSOCIATE VICE PRESIDENT OF FINANCE REVIEWS THE STATEMENTS FOR DISCLOSURE OF ANY POTENTIAL CONFLICTS. IN ADDITION, THE OFFICE OF GENERAL COUNSEL REVIEWS ALL CONTRACTS THAT INVOLVE THE UNIVERSITY AND EMPLOYEES (OR A FAMILY MEMBER), TRUSTEE (OR FAMILY MEMBER), FOR ANY CONFLICTS OF INTEREST. REVEALED CONFLICTS ARE REPORTED ON THE FORM 990, AND REVIEWED BY MEMBERS OF THE BOARD AND AUDIT COMMITTEE TO DETERMINE ANY FURTHER ACTION IF NECESSARY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES ESTABLISHES THE SALARY OF THE PRESIDENT, AND THE PRESIDENT ESTABLISHES THE SALARIES FOR THE UNIVERSITY'S VICE PRESIDENTS. THE HUMAN RESOURCES DEPARTMENT REVIEWS THE UNIVERSITY'S SALARIES & COMPENSATION AND COMPARES THE INFORMATION TO BOTH NATIONAL AND LOCAL COMPARABILITY DATA TO ENSURE THE UNIVERSITY'S PAY RATES ARE CONSISTENT WITH OTHER COMPARABLE INSTITUTIONS. IN ADDITION, THE UNIVERSITY IS SUBSCRIBED TO SURVEYS THAT ARE RECEIVED AND REVIEWED ON AN ANNUAL BASIS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBPAGE OF THE FINANCE OFFICE (HTTPS://LAVERNE.EDU/ABOUT/FINANCIAL-STATEMENTS-TAX-RETURNS/). ADDITIONALLY, THE AUDITED FINANCIAL STATEMENTS ARE POSTED TO THE ELECTRONIC MUNICIPAL MARKET ACCESS WEBSITE (WWW.EMMA.MSRB.ORG). THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST FROM THE FINANCE OFFICE, AND IT IS ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE UNDER THE HUMAN RESOURCES PAGE. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE FINANCE OFFICE. |
| FORM 990, PART XI, LINE 9: | NET CHANGE IN ACTUARIAL OBLIGATIONS -207,228. NET LOSS ON DISPOSAL OF FIXED ASSETS -218,894. |
| COVID-19 DISCLOSURE | IN MARCH 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE NOVEL CORONAVIRUS ("COVID-19") A GLOBAL PANDEMIC. THE RELATED ADVERSE PUBLIC HEALTH DEVELOPMENTS, INCLUDING ORDERS TO SHELTER-IN-PLACE, TRAVEL RESTRICTIONS, AND MANDATED BUSINESS CLOSURES, HAVE ADVERSELY AFFECTED WORKFORCES, ORGANIZATIONS, THEIR CUSTOMERS, ECONOMIES, AND FINANCIAL MARKETS GLOBALLY, LEADING TO INCREASED MARKET VOLATILITY AND DISRUPTION IN NORMAL BUSINESS OPERATIONS, INCLUDING THE UNIVERSITY'S OPERATIONS. THE UNIVERSITY TRANSITIONED ITS STUDENTS TO ONLINE LEARNING AND ALMOST ALL OF ITS EMPLOYEES TO REMOTE WORK IN MID-MARCH OF 2020. THE STATE OF CALIFORNIA AND LOS ANGELES COUNTY DEPARTMENT OF PUBLIC HEALTH OFFICIALS MUST APPROVE PLANS FOR BRINGING EMPLOYEES AND STUDENTS BACK TO IN-PERSON INSTRUCTION. RESTRICTIONS ON THE STUDENT HOUSING HAVE HAD THE MOST SIGNIFICANT IMPACT TO REVENUES; THESE RESTRICTIONS STOOD THROUGH JUNE 30, 2022. AS OF JUNE 30, 2023 THE UNIVERSITY WAS AWARDED $34,489,422 FROM FEDERAL EMERGENCY FUNDS. THE UNIVERSITY UTILIZED ALL OF IT'S AWARDED FUNDS AS FOLLOWS; $15,390,559 TOWARD LOSSED REVENUE, $15,442,022 TOWARD STUDENT AWARDS, AND $3,656,740 FOR ALLOWABLE EXPENSES FOR TECHNOLOGY AND SAFE RETURN TO CAMPUS NEEDS. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|
| CHARITABLE REMAINDER UNITRUSTS (10) | |||
| FUNDRAISING | CA | T | 0 |
| CHARITABLE REMAINDER ANNUITY TRUST (1) | |||
| FUNDRAISING | CA | T | 0 |
| NET INCOME WITH MAKE-UP CRUT (4) | |||
| FUNDRAISING | CA | T | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |