SAMUEL MERRITT UNIVERSITY: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SAMUEL MERRITT UNIVERSITY (EIN 94-2992642)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-12
- IRS object ID
- 202443179349308894
- Schema version
- 2023v5.1
- 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 I
- Schedule J
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-12T20:36:44+00:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 346565596 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 731 K Street | AddressLine1Txt |
| City | SACRAMENTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95814 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 942992642 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Samuel Merritt University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SAMU | BusinessNameControlTxt |
| Phone | 9162866665 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 30TH STREET SUITE 2840 | AddressLine1Txt |
| City | OAKLAND | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94609 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHING-HUA WANG | PersonNm |
| Person Title | president | PersonTitleTxt |
| Signature | 2024-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Tamara Sugihara | PreparerPersonNm |
| PTIN | P01262399 | PTIN |
| Phone | 9162181900 | PhoneNum |
| Preparation | 2024-11-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHING-HUA WANG | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 30TH STREET SUITE 2840 | AddressLine1Txt |
| City | OAKLAND | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94609 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $113,903,074 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SAMUELMERRITT.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | Samuel Merritt University educates students to become highly skilled and compassionate health care professionals who positively transform the experience of care in diverse communities. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 989 | TotalEmployeeCnt |
| Total Volunteers | 51 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $13,009,436 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,137,086 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $90,452,466 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $91,453,088 | CYProgramServiceRevenueAmt |
| PY Investment Income | $54,589,377 | PYInvestmentIncomeAmt |
| CY Investment Income | $12,645,105 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,449,413 | PYOtherRevenueAmt |
| CY Other Revenue | $1,667,795 | CYOtherRevenueAmt |
| PY Total Revenue | $160,500,692 | PYTotalRevenueAmt |
| CY Total Revenue | $113,903,074 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $7,427,300 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $8,956,586 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $59,011,045 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $61,640,135 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,668,410 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $30,983,190 | PYOtherExpensesAmt |
| CY Other Expenses | $37,022,083 | CYOtherExpensesAmt |
| PY Total Expenses | $97,421,535 | PYTotalExpensesAmt |
| CY Total Expenses | $107,618,804 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $63,079,157 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,284,270 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $530,281,236 | TotalAssetsBOYAmt |
| Total Assets EOY | $566,034,361 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $261,535,441 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $270,054,587 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $268,745,795 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $295,979,774 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SAMUEL MERRITT UNIVERSITY EDUCATES STUDENTS TO BECOME HIGHLY SKILLED AND COMPASSIONATE HEALTH CARE PROFESSIONALS WHO POSITIVELY TRANSFORM THE EXPERIENCE OF CARE IN DIVERSE COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $78,510,972 | ExpenseAmt |
| Grant | $8,956,586 | GrantAmt |
| Revenue | $93,120,883 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
| Total Program Service Expenses | $78,510,972 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 197 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 989 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | 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
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TONY BARAGHIMIAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6613836253 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 WEBSTER STREET SUITE 322 | AddressLine1Txt |
| City | OAKLAND | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94609 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (35 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 |
|---|---|---|---|---|---|---|---|---|---|
| Ching-Hua Wang | |||||||||
| President | 60.0 | 0.0 | Yes (X) | Yes (X) | $908,546 | $0 | $38,559 | ||
| Alvin McLean | |||||||||
| Regent & Vice-Chair | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Amber Luther | |||||||||
| Regent | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Anna Kiger | |||||||||
| Regent & Chief Nursing Officer | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Brad Barber | |||||||||
| Regent | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Caroline Cabias | |||||||||
| Regent | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Conrad M Vial | |||||||||
| Regent (Pt-Yr) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Dennis O'Connell | |||||||||
| Regent | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Elizabeth Chaney | |||||||||
| Regent | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Eric Roberts | |||||||||
| Regent (Pt-Yr) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Gary Morrison Esq | |||||||||
| Regent (Pt-Yr) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| John Schwartbert MD | |||||||||
| Regent (Pt-Yr) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Jonathan Brown | |||||||||
| Regent (Pt-Yr) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Katherine Schapiro | |||||||||
| Regent (Pt-Yr) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Kevin Hart | |||||||||
| Regent (Pt-Yr) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Lisa Zuffi | |||||||||
| Regent | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Lloyd Leanse | |||||||||
| Regent (Pt-Yr) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Melanie Bell-Mayeda | |||||||||
| Regent | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Neptaly Aguilera | |||||||||
| Regent | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Saul Rosenbaum | |||||||||
| Regent | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Shefali Parikh | |||||||||
| Regent (Pt-Yr) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Dave Lawlor | |||||||||
| Executive Vice President & Treasurer | 60.0 | 0.0 | Yes (X) | $781,235 | $0 | $51,519 | |||
| Al Frisone | |||||||||
| VP for University Advancement & Communications | 60.0 | 0.0 | $509,419 | $0 | $56,867 | Yes (X) | |||
| Brian Clocksin | |||||||||
| Provost Executive Vice President, Academic/Student Affairs (Pt-Yr) | 60.0 | 0.0 | $263,112 | $0 | $23,409 | Yes (X) | |||
| Celeste G Villanueva | |||||||||
| Assistant Academic VP | 60.0 | 0.0 | $311,222 | $0 | $16,967 | Yes (X) | |||
| Emily Prieto-Tseregounis | |||||||||
| Chief of Staff, VP of Exernal Affairs | 60.0 | 0.0 | $303,133 | $0 | $36,886 | Yes (X) | |||
| Eric Stamps | |||||||||
| Dean | 60.0 | 0.0 | $233,499 | $0 | $16,123 | Yes (X) | |||
| Evaon Wong-Kim | |||||||||
| Dean of Health Sciences | 60.0 | 0.0 | $236,560 | $0 | $17,735 | Yes (X) | |||
| Lorna D Kendrick | |||||||||
| Dean of Nursing (Pt-Yr) | 60.0 | 0.0 | $199,627 | $0 | $10,383 | Yes (X) | |||
| Timothy Cranford | |||||||||
| VP for Student Affairs (Pt-Yr) | 60.0 | 0.0 | $180,066 | $0 | $28,718 | Yes (X) | |||
| Daniel Bell | |||||||||
| Assistant Professor | 40.0 | 0.0 | $245,936 | $0 | $12,271 | Yes (X) | |||
| Joseph J Janakes | |||||||||
| Program Director | 40.0 | 0.0 | $309,293 | $0 | $39,342 | Yes (X) | |||
| Kevin A Hamby | |||||||||
| Assistant Professor | 40.0 | 0.0 | $296,259 | $0 | $47,874 | Yes (X) | |||
| Orophenia Bollinger | |||||||||
| Assistant Professor | 40.0 | 0.0 | $249,728 | $0 | $44,795 | Yes (X) | |||
| Steven Rush | |||||||||
| Dean of Nursing | 40.0 | 0.0 | $257,178 | $0 | $16,449 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,284,813 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $457,897 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 196 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| STRADA T5T6 MANAGER LLC | ||||||
| 201 SPEAR STREET | SAN FRANCISCO | CA | 94105 | CONSTRUCTION MANAGEMENT | $4,383,206 | |
| HOOD & STRONG LLP | ||||||
| 60 S MARKET STREET | SAN JOSE | CA | 95113 | AUDIT | $279,598 | |
| NOVUS LAW FIRM INC | ||||||
| 621 CAPITOL MALL | SACRAMENTO | CA | 958144724 | LEGAL | $225,967 | |
| ISSQUARED INC | ||||||
| 808 W SAN CARLOS STREET | SAN JOSE | CA | 95126 | INFRASTRUCTURE AND TECHNICAL SERVICES | $156,065 | |
| Baker Tilly US LLP | ||||||
| 8219 Leesburg Pike | Tysons | VA | 22182 | Consulting | $121,318 | Suite 800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $2,070,258 | GovernmentGrantsAmt |
| All Other Contributions | $6,066,828 | AllOtherContributionsAmt |
| Noncash Contributions | $0 | NoncashContributionsAmt |
| Total Contributions | $8,137,086 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| NET TUITION AND FEES | 611420 | $91,453,088 | $91,453,088 | $0 | $0 |
| $0 | $0 | $0 | |||
| $0 | $0 | $0 | $0 | ||
| $0 | $0 | $0 | $0 | ||
| $0 | $0 | $0 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $91,453,088 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,095,245 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $7,095,245 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,416,738 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,416,738 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,133,122 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,133,122 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,133,122 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,133,122 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $0 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $1,667,795 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,667,795 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,667,795 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $113,903,074 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $93,120,883 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $12,645,105 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,956,586 | TotalAmt |
| Program Services | $8,956,586 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,494,119 | TotalAmt |
| Program Services | $418,301 | ProgramServicesAmt |
| Management And General | $2,511,627 | ManagementAndGeneralAmt |
| Fundraising | $564,191 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,991,258 | TotalAmt |
| Program Services | $40,156,070 | ProgramServicesAmt |
| Management And General | $5,346,679 | ManagementAndGeneralAmt |
| Fundraising | $488,509 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,571,614 | TotalAmt |
| Program Services | $2,058,785 | ProgramServicesAmt |
| Management And General | $452,686 | ManagementAndGeneralAmt |
| Fundraising | $60,143 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,798,649 | TotalAmt |
| Program Services | $4,559,297 | ProgramServicesAmt |
| Management And General | $2,049,759 | ManagementAndGeneralAmt |
| Fundraising | $189,593 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,784,495 | TotalAmt |
| Program Services | $2,264,695 | ProgramServicesAmt |
| Management And General | $467,248 | ManagementAndGeneralAmt |
| Fundraising | $52,552 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,209,388 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $1,209,388 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $481,790 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $481,790 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $371,379 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $371,379 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,139 | TotalAmt |
| Program Services | $98,802 | ProgramServicesAmt |
| Management And General | $72,349 | ManagementAndGeneralAmt |
| Fundraising | $12,988 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $289,918 | TotalAmt |
| Program Services | $89,406 | ProgramServicesAmt |
| Management And General | $200,512 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $948,305 | TotalAmt |
| Program Services | $885,141 | ProgramServicesAmt |
| Management And General | $59,442 | ManagementAndGeneralAmt |
| Fundraising | $3,722 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,818,170 | TotalAmt |
| Program Services | $1,102,111 | ProgramServicesAmt |
| Management And General | $713,950 | ManagementAndGeneralAmt |
| Fundraising | $2,109 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,196,394 | TotalAmt |
| Program Services | $7,712,689 | ProgramServicesAmt |
| Management And General | $1,483,705 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $759,870 | TotalAmt |
| Program Services | $579,560 | ProgramServicesAmt |
| Management And General | $128,822 | ManagementAndGeneralAmt |
| Fundraising | $51,488 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,384 | TotalAmt |
| Program Services | $37,460 | ProgramServicesAmt |
| Management And General | $17,564 | ManagementAndGeneralAmt |
| Fundraising | $2,360 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,995,073 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $5,995,073 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,738,909 | TotalAmt |
| Program Services | $2,558,674 | ProgramServicesAmt |
| Management And General | $1,180,235 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,488,312 | TotalAmt |
| Program Services | $3,955 | ProgramServicesAmt |
| Management And General | $1,484,357 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PURCHASED SERVICES | $5,979,762 | $3,833,419 | $1,918,989 | $227,354 |
| OTHER DIRECT EXPENSES | $2,389,972 | $2,000,455 | $381,243 | $8,274 |
| Dues and Subscription | $687,571 | $557,196 | $125,248 | $5,127 |
| Repair and Maintenance | $432,773 | $401,868 | $30,905 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $992,974 | TotalAmt |
| Program Services | $236,502 | ProgramServicesAmt |
| Management And General | $756,472 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,618,804 | TotalAmt |
| Program Services | $78,510,972 | ProgramServicesAmt |
| Management And General | $27,439,422 | ManagementAndGeneralAmt |
| Fundraising | $1,668,410 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $750 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,559,334 | BOYAmt |
| EOY | $22,741,077 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,027,727 | BOYAmt |
| EOY | $5,487,614 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,385,197 | BOYAmt |
| EOY | $1,446,247 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,552,921 | BOYAmt |
| EOY | $6,155,376 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,289,370 | BOYAmt |
| EOY | $4,337,306 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $107,824,501 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $34,481,820 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,152,118 | BOYAmt |
| EOY | $73,342,681 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $378,830,673 | BOYAmt |
| EOY | $351,575,030 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,483,146 | BOYAmt |
| EOY | $100,949,030 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $530,281,236 | BOYAmt |
| EOY | $566,034,361 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,786,574 | BOYAmt |
| EOY | $17,742,207 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,278,763 | BOYAmt |
| EOY | $3,700,475 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $137,910,070 | BOYAmt |
| EOY | $137,516,014 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,560,034 | BOYAmt |
| EOY | $111,095,891 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $261,535,441 | BOYAmt |
| EOY | $270,054,587 | 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 | $185,274,781 | BOYAmt |
| EOY | $201,807,832 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,471,014 | BOYAmt |
| EOY | $94,171,942 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $268,745,795 | BOYAmt |
| EOY | $295,979,774 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $530,281,236 | BOYAmt |
| EOY | $566,034,361 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $6,284,270 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $20,949,709 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | 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 | $71,344,801 | BeginningYearBalanceAmt |
| Contributions | $2,055,830 | ContributionsAmt |
| Investment Earnings Or Losses | $9,630,801 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,269,068 | GrantsOrScholarshipsAmt |
| End Year Balance | $79,762,364 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $61,300,210 | BeginningYearBalanceAmt |
| Contributions | $11,349,520 | ContributionsAmt |
| Investment Earnings Or Losses | $959,120 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,264,049 | GrantsOrScholarshipsAmt |
| End Year Balance | $71,344,801 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $56,554,491 | BeginningYearBalanceAmt |
| Contributions | $540,622 | ContributionsAmt |
| Investment Earnings Or Losses | $6,353,140 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,148,043 | GrantsOrScholarshipsAmt |
| End Year Balance | $61,300,210 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $54,261,176 | BeginningYearBalanceAmt |
| Contributions | $330,001 | ContributionsAmt |
| Investment Earnings Or Losses | $6,171,012 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,207,698 | GrantsOrScholarshipsAmt |
| End Year Balance | $56,554,491 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $48,276,219 | BeginningYearBalanceAmt |
| Contributions | $250,560 | ContributionsAmt |
| Investment Earnings Or Losses | $7,039,052 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,304,655 | GrantsOrScholarshipsAmt |
| End Year Balance | $54,261,176 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.0 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 1.0 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.0 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,476,958 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,295,209 | DepreciationAmt |
| Book Value | $4,181,749 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $24,064,502 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,186,611 | DepreciationAmt |
| Book Value | $5,877,891 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $63,283,041 | OtherCostOrOtherBasisAmt |
| Book Value | $63,283,041 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $73,342,681 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Lease ROU | Desc |
| Book Value | $100,949,030 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $100,949,030 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| FEDERAL STUDENT LOAN FUNDS | $6,216,267 |
| OPERATING LEASE LIABILITIES | $103,855,361 |
| OTHER LIABILITIES | $1,024,263 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $111,095,891 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $119,487,795 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $19,278,709 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $0 | RecoveriesPriorYearGrantsAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $19,278,709 | RevenueNotReportedAmt |
| Revenue Subtotal | $100,209,086 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $6,408,402 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $8,956,586 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $15,364,988 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $115,574,074 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $92,253,816 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $0 | DonatedServicesUseFcltsAmt |
| Prior Year Adjustments | $0 | PriorYearAdjustmentsAmt |
| Losses Reported | $0 | LossesReportedAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $92,253,816 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $6,408,402 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $8,956,586 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $15,364,988 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $107,618,804 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 Intended uses of endowment funds | The endowments are used as scholarships or grants for students attending the university. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | The University is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code (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 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 has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | SCHOLARSHIPS AND RELATED EXPENSES - 8956586 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | SCHOLARSHIPS AND RELATED EXPENSES - 8956586 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | FormAndLineReferenceDesc |
| Explanation | THROUGH BROCHURES AND APPLICATIONS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (21 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| AFFINITY | 24 | $95,360 |
| AFFINITYDR | 25 | $91,083 |
| CLE-KP | 21 | $267,750 |
| Dean Scholarship | 94 | $235,000 |
| FNPAYP | 123 | $285,334 |
| The Hope Scholarship | 23 | $113,333 |
| The Hope BSN Scholarship | 216 | $989,000 |
| President Podiatry Scholarship | 19 | $100,000 |
| Regents | 3 | $25,000 |
| RN-BSN SCH/RNBSN-KP (Kaiser Sch) | 234 | $1,208,589 |
| SUTTER NRS | 54 | $424,873 |
| Samuel Merritt Scholarship | 479 | $1,887,000 |
| SMU Alumni | 76 | $205,208 |
| SMUALUMNFNP | 56 | $230,704 |
| Special Purpose Scholarship | 445 | $780,303 |
| Endowment Fund Scholarship | 451 | $1,243,239 |
| HCAI Psych Mental Health Grant | 15 | $300,000 |
| Medical Social Work Scholarship HCAI | 17 | $56,678 |
| NWD | 32 | $283,096 |
| Psych Mental Health Scholarship | 24 | $47,318 |
| SMU Faculty Benefit Scholarship | 10 | $87,718 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | STUDENT FINANCIAL AID APPLICATIONS ARE REVIEWED ANNUALLY IN ORDER TO ENSURE GRANT FUNDS ARE AWARDED APPROPRIATELY BASED ON THE INDIVIDUAL AWARD CRITERIA. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ching-Hua Wang | ||||||||||||||
| President | $747,886 | $0 | $100,000 | $0 | $60,660 | $0 | $38,559 | $0 | $0 | $0 | $947,105 | $0 | $0 | $0 |
| Dave Lawlor | ||||||||||||||
| Executive Vice President & Treasurer | $578,613 | $0 | $200,000 | $0 | $2,622 | $0 | $21,789 | $0 | $29,730 | $0 | $832,754 | $0 | $0 | $0 |
| Al Frisone | ||||||||||||||
| VP for University Advancement & Communications | $356,387 | $0 | $150,000 | $0 | $3,032 | $0 | $29,473 | $0 | $27,394 | $0 | $566,286 | $0 | $0 | $0 |
| Emily Prieto-Tseregounis | ||||||||||||||
| Chief of Staff, VP of Exernal Affairs | $252,630 | $0 | $50,000 | $0 | $503 | $0 | $19,904 | $0 | $16,982 | $0 | $340,019 | $0 | $0 | $0 |
| Celeste G Villanueva | ||||||||||||||
| Assistant Academic VP | $303,239 | $0 | $0 | $0 | $7,983 | $0 | $16,967 | $0 | $0 | $0 | $328,189 | $0 | $0 | $0 |
| Brian Clocksin | ||||||||||||||
| Provost Executive Vice President, Academic/Student Affairs (Pt-Yr) | $261,939 | $0 | $0 | $0 | $1,173 | $0 | $2,827 | $0 | $20,582 | $0 | $286,521 | $0 | $0 | $0 |
| Evaon Wong-Kim | ||||||||||||||
| Dean of Health Sciences | $233,258 | $0 | $0 | $0 | $3,302 | $0 | $16,342 | $0 | $1,393 | $0 | $254,295 | $0 | $0 | $0 |
| Eric Stamps | ||||||||||||||
| Dean | $230,323 | $0 | $0 | $0 | $3,176 | $0 | $16,123 | $0 | $0 | $0 | $249,622 | $0 | $0 | $0 |
| Lorna D Kendrick | ||||||||||||||
| Dean of Nursing (Pt-Yr) | $197,580 | $0 | $0 | $0 | $2,047 | $0 | $7,081 | $0 | $3,302 | $0 | $210,010 | $0 | $0 | $0 |
| Timothy Cranford | ||||||||||||||
| VP for Student Affairs (Pt-Yr) | $178,671 | $0 | $0 | $0 | $1,395 | $0 | $12,710 | $0 | $16,008 | $0 | $208,784 | $0 | $0 | $0 |
| Joseph J Janakes | ||||||||||||||
| Program Director | $301,020 | $0 | $0 | $0 | $8,273 | $0 | $15,213 | $0 | $24,129 | $0 | $348,635 | $0 | $0 | $0 |
| Kevin A Hamby | ||||||||||||||
| Assistant Professor | $288,450 | $0 | $0 | $0 | $7,809 | $0 | $20,480 | $0 | $27,394 | $0 | $344,133 | $0 | $0 | $0 |
| Orophenia Bollinger | ||||||||||||||
| Assistant Professor | $248,496 | $0 | $0 | $0 | $1,232 | $0 | $16,348 | $0 | $28,447 | $0 | $294,523 | $0 | $0 | $0 |
| Steven Rush | ||||||||||||||
| Dean of Nursing | $255,013 | $0 | $0 | $0 | $2,165 | $0 | $16,449 | $0 | $0 | $0 | $273,627 | $0 | $0 | $0 |
| Daniel Bell | ||||||||||||||
| Assistant Professor | $245,421 | $0 | $0 | $0 | $515 | $0 | $12,271 | $0 | $0 | $0 | $258,207 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Housing allowance or residence for personal use | Housing Allowance for VP for University Advancement and Communications, treated as taxable compensation to the individual. |
| Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation | SUPPLEMENTAL COMPENSATION INFORMATION: THE EXECUTIVE COMMITTEE OF THE SAMUEL MERRITT UNIVERSITY BOARD OF REGENTS RETAINS ULTIMATE DISCRETIONARY AUTHORITY OVER ALL ELEMENTS OF COMPENSATION TO ASSURE THAT ORGANIZATIONAL PURPOSES ARE APPROPRIATELY BEING SERVED. THE EXECUTIVE COMMITTEE USES CREDIBLE DATA SOURCES AND MAINTAINS AN OBJECTIVE "ARM'S LENGTH" DECISION-MAKING PROCESS, ENSURING THE INTEGRITY OF THE UNIVERSITY'S EXECUTIVE PROGRAMS AND CONSISTENCY WITH THE ORGANIZATION'S OVERALL MISSION. SEE SCHEDULE O NARRATIVE FOR PART VI, LINE 15 FOR A FULL DESCRIPTION OF THE COMPENSATION APPROVAL PROCESS COMPLETED BY SAMUEL MERRITT. |
| Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan | The University also offers a Non-Qualified Retirement Plan 457(B), eligible to highly compensated individuals as defined by the IRS. There is no University matching under this plan and employee contributions to the plan vest immediately. The University also offers a Supplemental Executive Retirement Plan (SERP) 457(F) for two of its officers. The plan is designated as a non-qualified deferred compensation plan and is exempt from filing and audit requirements under Title I of ERISA. |
| Schedule J, Part I, Line 7 Non-fixed payments | THERE ARE NO SPECIFIC GUIDELINES FOR THE AMOUNT OF THE SPOT AWARD, AVERAGE AMOUNT OF SPOT AWARDS TEND TO NOT EXCEED 5% TO 15% OF GROSS ANNUAL SALARY. ANNUAL INCENTIVE PLAN (AIP): THE PURPOSE OF THE PLAN IS TO FOCUS EXECUTIVES ON SPECIFIC, SHORTER-TERM GOALS THAT ARE CRITICAL TO THE ACHIEVEMENT OF AFFILIATE, OPERATING UNIT AND SYSTEM-WIDE OBJECTIVES THAT DRIVE OVERALL ORGANIZATION PERFORMANCE. IN ALL CASES, THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES ACHIEVEMENT OF ORGANIZATION GOALS AND MAKES FINAL AWARD DETERMINATION WHICH MAY RESULT IN A REDUCTION OF AWARD IF APPROPRIATE. ALL SENIOR EXECUTIVE AWARDS ARE REVIEWED FOR COMPENSATION REASONABLENESS AND APPROVED BY THE COMPENSATION COMMITTEE PRIOR TO PAYMENT. |
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 Financing Authority | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 201563466 | BondIssuerEIN |
| CUSIP | 13048VF37 | CUSIPNum |
| Bond Issued | 2022-12-01 | BondIssuedDt |
| Issue Price | $140,088,561 | IssuePriceAmt |
| Purpose | To construct new Oakland, CA campus. | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $0 | RetiredAmt |
| Bond Defeased | $0 | BondDefeasedAmt |
| Total Proceeds | $144,100,295 | TotalProceedsAmt |
| In Reserve Fund | $0 | InReserveFundAmt |
| Capitalized Interest | $435,961 | CapitalizedInterestAmt |
| Refunding Escrow | $0 | RefundingEscrowAmt |
| Issuance Costs From Proceeds | $2,126,715 | IssuanceCostsFromProceedsAmt |
| Credit Enhancement | $0 | CreditEnhancementAmt |
| Working Capital Expenditures | $0 | WorkingCapitalExpendituresAmt |
| Capital Expenditures | $44,418,881 | CapitalExpendituresAmt |
| Other Spent Proceeds | $6,541,289 | OtherSpentProceedsAmt |
| Unspent | $90,577,449 | UnspentAmt |
| Refunding Tax Exempt Bonds | false | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | false | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.0 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.0 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.0 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (true) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (true) | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | false | NoRebateDueInd |
| Variable Rate Issue | false | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (true) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (true) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule K, Part V Different Procedures to Undertake Corrective Action | FormAndLineReferenceDesc |
| Explanation | Issuer name: California Municipal Financing Authority Total proceeds of $144,100,295 represents unspent proceeds from issuance plus interest earned during 2023 on unexpended proceeds. Other spent proceeds represent the annual interest payments on debt paid during 2023 of $6,541,289. Capitalized interest from proceeds represents the portion of annual interest expense incurred on bonds less interest earned on unexpended debt proceeds less bond premium amortization, equaling $435,961. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 1 MISSION STATEMENT | Samuel Merritt University educates students to become highly skilled and compassionate health care professionals who positively transform the experience of care in diverse communities. |
| Form 990, Part III, Line 4a | SAMUEL MERRITT UNIVERSITY, ORIGINALLY FOUNDED IN 1909, IS A FULLY ACCREDITED HEALTH SCIENCES INSTITUTION LOCATED IN OAKLAND, CALIFORNIA WITH CAMPUSES IN SACRAMENTO, SAN MATEO, AND FRESNO. THE UNIVERSITY ALSO OFFERS SELECT DEGREES ONLINE. VALUES: A LEARNING ENVIRONMENT WHERE WE CHALLENGE OURSELVES AND OUR STUDENTS TO THINK CRITICALLY, SEEK MASTERY AND ACT COMPASSIONATELY. A COLLEGIAL ENVIRONMENT WHERE WE ARE FAIR, RESPECTFUL AND BEHAVE WITH INTEGRITY. A COLLABORATIVE ENVIRONMENT WHERE WE PARTNER WITH ONE ANOTHER AND WITH OTHERS IN THE COMMUNITY. AN INNOVATIVE ENVIRONMENT WHERE WE TAKE REASONED RISKS AND MOVE NIMBLY. A RESULTS-ORIENTED ENVIRONMENT WHERE WE PROVIDE AND EXPECT EXCEPTIONAL PERFORMANCE AND SERVICE. PROGRAMS UNDERGRADUATE DEGREE PROGRAM: THE UNIVERSITY OFFERS A BACHELOR OF SCIENCE IN NURSING (BSN). IN ADDITION, SMU OFFERS AN ACCELERATED BACHELOR'S OF SCIENCE IN NURSING (ABSN) AND AN RN TO BSN BACHELOR'S OF SCIENCE. GRADUATE DEGREE PROGRAMS - MASTER'S LEVEL: SMU OFFERS SEVERAL MASTER'S DEGREE PROGRAMS: MASTER OF OCCUPATIONAL THERAPY, MASTER OF SCIENCE IN NURSING - FAMILY NURSE PRACTITIONER, MASTER OF SCIENCE IN NURSING - CASE MANAGEMENT, MASTER OF SCIENCE IN NURSING - CLINICAL LEADERSHIP EDUCATION, MASTER OF SOCIAL WORK, MASTER OF HEALTH ADMINISTRATION, AND MASTER PHYSICIAN ASSISTANT. THE UNIVERSITY ALSO OFFERS TWO ENTRY-LEVEL MASTER OF SCIENCE IN NURSING DEGREE PROGRAMS. POST-PROFESSIONAL GRADUATE DEGREES IN NURSING INCLUDE PROGRAMS IN NURSE ANESTHESIA (CRNA), CASE MANAGEMENT (CM), AND FAMILY NURSE PRACTITIONER (FNP). GRADUATE DEGREE PROGRAMS - DOCTORAL LEVEL: THE UNIVERSITY OFFERS SEVERAL DOCTORAL DEGREES: DOCTOR OF PODIATRIC MEDICINE, DOCTOR OF PHYSICAL THERAPY, DOCTOR OF NURSING PRACTICE, AND DOCTOR OF OCCUPATIONAL THERAPY. ONLINE DEGREE PROGRAMS: SMU OFFERS SEVERAL OF ITS DEGREES IN THE ONLINE MODALITY: MASTER OF SCIENCE IN NURSING (POST-PROFESSIONAL FNP), RN TO BSN BACHELOR'S OF SCIENCE, AND DOCTOR OF NURSING PRACTICE. FACULTY AND STUDENTS (FALL 2023) NUMBER OF FULL-TIME FACULTY: 163 STUDENT/FACULTY CLINICAL RATIO: 8.0 TO 1 SAMUEL MERRITT STUDENTS: TOTAL STUDENTS: 1,894 UNDERGRADUATE STUDENTS: 741 GRADUATE STUDENTS: 1,153 MEN: 22 % / WOMEN: 78% ACCREDITATION: REGIONAL ACCREDITATION: WASC SENIOR COLLEGE AND UNIVERSITY COMMISSION (WSCUC). SPECIALIZED ACCREDITATION: ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN. FACILITIES: INSTRUCTIONAL FACILITIES 250-SEAT FONTAINE AUDITORIUM (NOT LOCATED IN FRESNO FACILITIES); JOHN A. GRAZIANO MEMORIAL LIBRARY INCLUDING STUDY ROOMS AND COMPUTER LABS (NOT LOCATED IN FRESNO FACILITIES); MOTION ANALYSIS RESOURCE CENTER (MARC) (NOT LOCATED IN FRESNO FACILITIES). OTHER LABORATORIES INCLUDE THERAPEUTIC EXERCISE, EXERCISE PHYSIOLOGY, OCCUPATIONAL THERAPY, ANATOMY, NURSING, PODIATRIC MEDICINE, BIOMECHANICS, PHYSICAL DIAGNOSIS, AND HEALTH SCIENCES SIMULATION CENTER (HSSC). OTHER FACILITIES STUDENT LOUNGES, STUDY SPACE, AND EXERCISE FACILITIES (NOT LOCATED IN FRESNO FACILITIES). |
| Form 990, Part VI, Line 1a Delegate broad authority to a committee | The Board of Regents shall have the authority to organize itself an to form committees, as it deems appropriate. The Board shall have the following standing committees: Executive Committee, Finance Committee, Audit and Compliance Committee, and Podiatric Medical Education Advisory Committee. Each Committee shall have a charter approved by the Board defining its functions, membership, duties and powers. Each committee is supported and staffed by a member of the President's Cabinet appointed by the University President. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE INFORMATION AND DATA USED IN FORM 990 IS GATHERED, CALCULATED, AND COMPILED BY THE UNIVERSITY'S CONTROLLER. UPON COMPLETING THESE STEPS, THE INFORMATION IS FORWARDED TO THE EXECUTIVE VICE PRESIDENT & TREASURER FOR REVIEW AND APPROVAL. ONCE APPROVED, THE INFORMATION AND DATA IS UPLOADED ELECTRONICALLY TO THE UNIVERSITY ACCOUNTING FIRM'S DATA COLLECTION WEBSITE, FOR PREPARATION OF THE FORM 990. ONCE COMPLETED, THE FORM 990 IS FORWARD TO THE CONTROLLER TO ENSURE THAT INFORMATION THAT HAD BEEN PROVIDED ELECTRONICALLY WAS ENTERED ONTO THE FORM 990 CORRECTLY. THE CONTROLLER AND THE EXECUTIVE VICE PRESIDENT & TREASURER REVIEW THE FORM 990 FOR COMPLETENESS AND ACCURACY. AFTER WHICH, THE FORM IS PRESENTED TO THE AUDIT COMMITTEE AND COPIES ARE CIRCULATED TO THE BOARD OF REGENTS FOR REVIEW AND COMMENTS. SUBSEQUENTLY, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. THE FULL FILING COPY IS MADE AVAILABLE TO THE TO THE PUBLIC THROUGH THE POSTING ON THE UNIVERSITY'S FINANCE OFFICE WEBSITE. |
| Form 990, Part VI, Line 12c Conflict of interest policy | PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST: EMPLOYEES ARE EDUCATED ON THE CONFLICT OF INTEREST POLICY AND THE NEED TO MAKE DISCLOSURE AS PART OF ANNUAL COMPLIANCE EDUCATION. IN ADDITION, ANNUALLY A DISCLOSURE STATEMENT IS COMPLETED BY ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES. ON THIS STATEMENT THE INDIVIDUAL WILL LIST A WIDE RANGE OF INFORMATION WHICH INCLUDES BUSINESS RELATIONSHIPS, EMPLOYMENT RELATIONSHIPS, PROPERTY INTERESTS, AND THOSE OF RELATED PARTIES. IF THERE IS A POTENTIAL CONFLICT OF INTEREST RELATED TO A PARTICULAR TRANSACTION, THE INTERESTED INDIVIDUAL MUST DISCLOSE THE EXISTENCE AND NATURE OF THE RELATIONSHIP. THE BOARD CHAIR MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE THE CONFLICT. THE BOARD MAY CONSULT WITH THE OFFICE OF THE GENERAL COUNSEL AS NECESSARY. UNTIL THE POTENTIAL CONFLICT IS RESOLVED, THE BOARD CHAIR (OR COMMITTEE CHAIR AS APPLICABLE) MAY REQUEST THE INDIVIDUAL TO NOT PARTICIPATE DURING RELATED PRESENTATIONS AND DISCUSSIONS. IN ALL CIRCUMSTANCES INVOLVING AN ACTUAL CONFLICT, THE INTERESTED INDIVIDUAL SHALL LEAVE THE ROOM PRIOR TO THE BOARD'S FINAL DISCUSSION AND VOTE. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | PROCESS FOR DETERMINING COMPENSATION: THE EXECUTIVE COMMITTEE OF THE SAMUEL MERRITT UNIVERSITY BOARD OF REGENTS RETAINS ULTIMATE DISCRETIONARY AUTHORITY OVER ALL ELEMENTS OF COMPENSATION TO ASSURE THAT ORGANIZATIONAL PURPOSES ARE APPROPRIATELY BEING SERVED. THE EXECUTIVE COMMITTEE USES CREDIBLE DATA SOURCES AND MAINTAINS AN OBJECTIVE "ARMS LENGTH" DECISION-MAKING PROCESS, ENSURING THE INTEGRITY OF SAMUEL MERRITT'S EXECUTIVE PROGRAMS AND CONSISTENCY WITH THE ORGANIZATION'S OVERALL MISSION. IN ORDER TO ENSURE EXTERNAL COMPETITIVENESS, NATIONAL, CALIFORNIA AND LOCAL MARKET AREA COMPENSATION DATA COMPARISONS ARE REVIEWED. COMPETITIVE ANALYSIS INCLUDES: (A) BASE SALARY, (B) TOTAL CASH (BASE SALARY + ANNUAL INCENTIVE), (C) TOTAL DIRECT CASH (BASE SALARY + ANNUAL INCENTIVE + LONG TERM INCENTIVE) AND (D) TOTAL REMUNERATION (BASE SALARY + ANNUAL INCENTIVE + BENEFITS AND LONG TERM INCENTIVE). THIS ANALYSIS INCLUDES COMPARABLE ORGANIZATIONS AND GEOGRAPHIC CONSIDERATIONS. FOR THE MOST SENIOR EXECUTIVE POSITIONS, NATIONAL COMPARISONS FOR ORGANIZATIONS SIMILAR IN SIZE, SCOPE AND COMPLEXITY AS SUTTER HEALTH ARE MOST APPROPRIATE SINCE IT IS A NATIONAL MARKETPLACE IN WHICH SAMUEL MERRITT COMPETES FOR EXECUTIVE TALENT. ON THE OTHER HAND, BECAUSE CALIFORNIA'S UNDERLYING COMPENSATION STRUCTURE IS HIGHER THAN NATIONAL DATA (ESPECIALLY IN THE BAY AREA), REGIONAL PAY ADJUSTMENTS MAY BE MADE. OFFICERS AND KEY EMPLOYEES OF THIS ORGANIZATION UNDERGO A REVIEW AND COMPENSATION COMMITTEE APPROVAL ANNUALLY, AND SUCH APPROVAL IS RECORDED IN THE MINUTES. THE 2023 EXECUTIVE COMPENSATION APPROVAL WAS COMPLETED IN FEBRUARY 2023. |
| Form 990, Part VI, Line 19 Required documents available to the public | AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY & FINANCIAL STATEMENTS: SAMUEL MERRIT UNIVERSITY POSTS ITS CURRENT AND PAST AUDITED FINANCIAL STATEMENTS AT SAMUELMERRITT.EDU. OTHER DOCUMENTS ARE ALSO LOCATED AT THIS WEBSITE INCLUDING THE MISSION STATEMENT, HISTORY, AND LINKS TO POLICIES. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |