2024-05-28T13:08:02-05:00 2023-12-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2023-01-01 463187118 UNIVERSITY OF SILICON ANDHRA UNIV 6504795121 1521 CALIFORNIA CIRCLE MILPITAS CA 95035 ANAND KUCHIBHOTLA PRESIDENT/CEO 4086671518 2024-05-23 1 ANAND KUCHIBHOTLA XXX-XX-XXXX 1 QI WEN LIANG P01270238 4159561500 2024-05-23 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ANAND KUCHIBHOTLA 1521 CALIFORNIA CIRCLE MILPITAS CA 95035 2628137 0 X HTTPS://UOFSA.EDU/ X 2013 CA TO PROVIDE VARIOUS ACADEMIC AND EDUCATIONAL RESEARCH PROGRAMS 11 10 9 20 0 0 1820443 1960391 557844 665764 13 -48 0 0 2378300 2626107 0 109925 0 0 928579 1360630 0 0 234599 824722 811957 1753301 2282512 624999 343595 5135749 5530632 4340409 4391697 795340 1138935 X TO PROVIDE VARIOUS ACADEMIC AND EDUCATIONAL RESEARCH PROGRAMS 1 0 1763268 109925 665764 UNIVERSITY OF SILICON ANDHRA (UOFSA) IS A NONPROFIT UNIVERSITY ACCREDITED BY THE WASC SENIOR COLLEGE AND UNIVERSITY COMMISSION (WSCUC). AT PRESENT, IT OFFERS SIX MASTER OF ARTS, FIVE DIPLOMA, AND FIVE CERTIFICATE PROGRAMS IN INDIAN FINE ARTS, LANGUAGE, AND LITERATURE. THE FIRST BATCH OF STUDENTS GRADUATED IN JANUARY 2019, AND STUDENTS HAVE CONTINUOUSLY GRADUATED EVERY YEAR UP TO THE PRESENT. IN 2023, THE UNIVERSITY STARTED OFFERING MASTER'S IN COMPUTER SCIENCE DEGREE. 1763268 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 75 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ANAND KUCHIBHOTLA 4086671518 1521 CALIFORNIA CIRCLE MILPITAS CA 95035 BARRY RYAN TRUSTEE 1.00 0.00 X 0 0 0 RICHARD OSBORN TRUSTEE 1.00 0.00 X 0 0 0 SWARUP MEDASANI TRUSTEE 1.00 0.00 X 0 0 0 SIDDAHARTHA LAKIREDDY TRUSTEE 1.00 0.00 X 0 0 0 VENU KONDLE TRUSTEE 1.00 0.00 X 0 0 0 AMY CATLIN-JAIRAZBHOY TRUSTEE 1.00 0.00 X 0 0 0 DEV GNANADEV TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH SHOEMAKER TRUSTEE 1.00 0.00 X 0 0 0 PAPPU VENUGOPALA RAO CHAIR 1.00 0.00 X X 0 0 0 NEERAJ BHATIA TRUSTEE (THRU 3/23) 1.00 0.00 X 2800 0 0 PRABHAKAR KALAVACHERLA TRUSTEE 1.00 0.00 X 0 0 0 SHEKAR VISWANATHAN TRUSTEE 1.00 0.00 X 0 0 0 ANAND KUCHIBHOTLA PRESIDENT/CEO 40.00 0.00 X 200000 0 24117 RAJU CHAMARTHI PROVOST/CHIEF ACADEMIC OFFICER 40.00 0.00 X 200000 0 25459 KARTIKEYA PATEL - SECRETARY & VP INST EFFECT & RESEARCH 40.00 0.00 X 186000 0 0 ELVA SPRATTLING DIRECTOR OF FINANCE (EFF. 4/23) 40.00 0.00 X 89167 0 0 SRIVALLI KONDUBHATLA - VP FIN. & ADMIN/CFO (THRU 3/23) 40.00 0.00 X 13375 0 0 VENKAT GUDIVADA - DEAN PROF. OF COMP. SCIENCE 40.00 0.00 X 130000 0 14145 VIVEK SHANGBHAG - DEAN OF SCHOOL OF AYURVEDA (THRU 4/23) 40.00 0.00 X 104167 0 3606 925509 0 67327 5 0 1 0 KATIKEYA PATEL 642 FOOTHILL DRIVE PACIFICA CA 94044 BOARD SECRETARY, ACCREDITATION 186000 1 X 1960391 33460 1960391 TUITION REVENUE 611310 665764 665764 665764 48 -48 -48 -48 1982 1982 0 2626107 665764 0 -48 X 109925 109925 740918 445521 127309 168088 452752 452752 94170 85167 9003 72790 48017 10361 14412 55400 55400 344717 294597 50120 12833 11550 1283 6104 4244 809 1051 42591 39281 3310 13859 2391 4986 6482 64202 64202 2752 2752 84064 65265 8406 10393 122456 94698 12246 15512 904 696 90 118 ACCREDITATION FEES 31478 19930 11548 EVENT EXPENSES 16514 8257 8257 BANK CHARGES 14083 14023 60 2282512 1763268 284645 234599 345259 109659 688537 1368518 39536 43715 0 35729 0 26140 146686 107746 35160 38940 4027257 3907931 5135749 5530632 41414 52330 150000 150000 151731 148158 3997264 4041209 4340409 4391697 X 81803 -229583 713537 1368518 795340 1138935 5135749 5530632 343595 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45193 20610 24583 101493 87136 14357 38940 RIGHT-OF-USE ASSET 3907931 3907931 OPERATING LEASE LIABILITITES 4041209 4041209 X 2555799 37635 1982 39617 2516182 109925 109925 2626107 2212204 37635 1982 39617 2172587 109925 109925 2282512 PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND FROM CALIFORNIA FRANCHISE AND INCOME TAXES UNDER SECTION 23701D OF THE REVENUE AND TAXATION CODE. THE UNIVERSITY EVALUATES ITS INCOME TAX POSITION EACH FISCAL YEAR TO DETERMINE WHETHER THE UNIVERSITY'S TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF EXAMINED BY THE APPLICABLE TAXING AUTHORITY. THE EVALUATION HAD NO MATERIAL IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,982. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 109,925. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,982. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 109,925. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ENTITY HAS A RACIALLY NONDISCRIMINATORY POLICY THAT IS INCLUDED IN ADMISSION AND PUBLICITY MATERIAL. 1 TUITION REDUCTION 97 109925 PART I, LINE 2: THE UNIVERSITY PROVIDES PARTIAL TUITION WAIVERS ON A CASE BY CASE BASIS. THE AMOUNT OF FINANCIAL ASSISTANCE GIVEN THROUGH THE YEAR SHOULD NOT EXCEED 25% OF THE BUDGET AMOUNT APPROVED BY THE BOARD OF TRUSTEES ANNUALLY. THE UNIVERSITY MAINTAINS RECORDS OF AMOUNTS AWARDED AND DISBURSED. THE PROVOST OFFICE SENDS A REPORT TO THE FINANCE DEPARTMENT TO TRACK THE FINANCIAL ASSISTANCE AS PART OF TUITION REVENUE. X 0 0 0 0 0 0 0 0 0 RAJU CHAMARTHI PROVOST/CHIEF ACADEMIC OFFICER 200000 0 0 0 0 0 0 0 25459 0 225459 0 0 0 ANAND KUCHIBHOTLA PRESIDENT/CEO 200000 0 0 0 0 0 0 0 24117 0 224117 0 0 0 KARTIKEYA PATEL - SECRETARY & VP INST EFFECT & RESEARCH 186000 0 0 0 0 0 0 0 0 0 186000 0 0 0 HANIMIREDDY LAKIREDDY FATHER OF TRUSTEE SIDDAHARTHA LAKIREDDY GENERAL OPERATIONS X 150000 150000 0 1 0 150000 X 33460 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART III, LINE 2 THE UNIVERSITY STARTED OFFERING THE DEGREE OF MASTER'S IN COMPUTER SCIENCES. FORM 990, PART V, LINE 1A: THE UNIVERSITY IS REPORTING 60 FORMS 1098-T ON FORM 990, PART V, LINE 1A. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED AT THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY OF SILICON ANDHRA REQUIRES THAT EACH TRUSTEE, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SIGN AN ANNUAL STATEMENT TO CONFIRM RECEIPT, UNDERSTANDING, AND COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE POLICY MAINTAINS THAT EACH OFFICER, DIRECTOR, AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS WHO HAS A FINANCIAL INTEREST IN A TRANSACTION WITH THE ORGANIZATION HAS A DUTY TO DISCLOSE ALL MATERIAL FACTS REGARDING POTENTIAL CONFLICTS OF INTEREST TO THE TRUSTEES AND COMMITTEE MEMBERS WHO ARE CONSIDERING THE PROPOSED TRANSACTION. AFTER A POTENTIAL CONFLICT OF INTEREST IS DISCLOSED, THE DISINTERESTED BOARD OR COMMITTEE MEMBERS DETERMINE BY DISCUSSION AND VOTE WHETHER A CONFLICT EXISTS. SHOULD AN ACTUAL CONFLICT OF INTEREST BE IDENTIFIED, THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, THEN AFTER SUCH PRESENTATION MUST LEAVE THE MEETING DURING THE DISCUSSION OF AND VOTE ON THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. RECORDS OF THE PROCEEDINGS AND ANY ACTIONS TAKEN BY THE BOARD OR COMMITTEE ARE MAINTAINED IN THE MEETING MINUTES. TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS A TAX-EXEMPT ORGANIZATION, PERIODIC REVIEWS OF POTENTIAL CONFLICTS OF INTEREST ARE CONDUCTED AND INVOLVE, AT A MINIMUM, REVIEWS OF COMPENSATION ARRANGEMENTS AND AGREEMENTS WITH THIRD PARTIES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD APPROVES WAGES FOR OFFICERS, KEY EMPLOYEES, AND CONTRACTORS THROUGH A PROCESS BASED ON COMPARABILITY DATA WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE ORGANIZATION'S WEBSITE. THE UNIVERSITY'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 1: THE BOARD OF SILICON ANDHRA, A TAX-EXEMPT 509(A)(2) ORGANIZATION, HAS RESOLVED TO PROVIDE FULL FINANCIAL SUPPORT TO THE UNIVERSITY OF SILICON ANDHRA UNTIL SUCH TIME AS EITHER (1) THE STUDENT ENROLLMENT AT THE UNIVERSITY REACHES A LEVEL TO SUPPORT THE SELF-SUSTAINABILITY OF THE UNIVERSITY OR (2) THE TOTAL CHARITABLE DONATIONS COLLECTED BY THE UNIVERSITY IN THREE SUCCESSIVE YEARS CAN COVER THE UNIVERSITY OPERATING EXPENSES FOR THE TEN YEARS FOLLOWING THE THREE YEARS, AT THE RATE OF THE EXPENSES INCURRED DURING THE THIRD YEAR OF THE SAME PERIOD. OF THE 2023 TOTAL CONTRIBUTIONS INCLUDED IN FORM 990, PART VIII, LINE 1, $802,233 ARE CONTRIBUTIONS FROM SILICON ANDHRA. FORM 990, PART IX, LINE 11G PROFESSIONAL AND CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 294,597. MANAGEMENT AND GENERAL EXPENSES 50,120. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 344,717.