2023-10-16T19:08:32-05:00 2022-12-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2022-01-01 463187118 UNIVERSITY OF SILICON ANDHRA UNIV 6504795121 1521 CALIFORNIA CIRCLE MILPITAS CA 95035 ANAND KUCHIBHOTLA PRESIDENT/CEO 4086671518 2023-10-16 1 ANAND KUCHIBHOTLA XXX-XX-XXXX 1 QI WEN LIANG P01270238 4159561500 2023-10-16 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANAND KUCHIBHOTLA 1521 CALIFORNIA CIRCLE MILPITAS CA 95035 2379013 0 X HTTPS://UOFSA.EDU/ X 2013 CA TO PROVIDE VARIOUS ACADEMIC AND EDUCATIONAL RESEARCH PROGRAMS 12 11 6 20 0 0 1086885 1820443 358433 557844 461 13 28234 0 1474013 2378300 0 0 0 0 659305 928579 0 0 0 815951 824722 1475256 1753301 -1243 624999 1196065 5135749 180347 4340409 1015718 795340 TO PROVIDE VARIOUS ACADEMIC AND EDUCATIONAL RESEARCH PROGRAMS 0 0 1062802 0 557844 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. BEGINNING IN 2023, THE UNIVERSITY WILL BE OFFERING A PROGRAM OFFERING THE MASTER'S IN COMPUTER SCIENCE DEGREE. THE FIRST BATCH OF STUDENTS GRADUATED IN JAN 2019, AND STUDENTS HAVE CONTINUOUSLY GRADUATED EVERY YEAR UP TO THE PRESENT. 1062802 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 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 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 KARTIKEYA PATEL SECRETARY/VP INST EFFECT & RESEARCH 40.00 0.00 X 180000 0 0 ANAND KUCHIBHOTLA PRESIDENT/CEO 40.00 1.00 X 175531 0 4409 RAJU CHAMARTHI PROVOST/CHIEF ACADEMIC OFFICER/COO 40.00 1.00 X 170587 0 8205 SRIVALLI KONDUBHATLA VP FINANCE AND ADMINISTRATION/CFO 40.00 0.00 X 60000 0 0 NEERAJ BHATIA TRUSTEE 1.00 0.00 X 39192 0 0 PAPPU VENUGOPALA RAO CHAIR 1.00 0.00 X 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 PRABHAKAR KALAVACHERLA TRUSTEE 1.00 0.00 X 0 0 0 VENU KONDLE TRUSTEE 1.00 0.00 X 0 0 0 SIDDAHARTHA LAKIREDDY TRUSTEE 1.00 0.00 X 0 0 0 SWARUP MEDASANI TRUSTEE 1.00 0.00 X 0 0 0 RICHARD OSBORN TRUSTEE 1.00 0.00 X 0 0 0 BARRY RYAN TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH SHOEMAKER TRUSTEE 1.00 0.00 X 0 0 0 SHEKAR VISWANATHAN TRUSTEE 1.00 0.00 X 0 0 0 625310 0 12614 3 0 1 0 KATIKEYA PATEL 642 FOOTHILL DR PACIFICA CA 94044 BOARD SECRETARY, ACCREDITATION 180000 1 X 1820443 1820443 TUITION REVENUE 611310 557844 557844 557844 13 13 713 713 0 2378300 557844 0 13 X 637924 359689 278235 162111 111837 50274 63200 35097 28103 65344 36791 28553 7390 7390 395271 350647 44624 37365 37365 14711 6200 8511 27494 16496 10998 162406 162406 26370 26370 4125 4125 12024 12024 13731 12633 1098 EVENT EXPENSES 26957 26957 DUES AND SUBSCRIPTIONS 21245 12747 8498 ACCREDITATION FEES 14725 14725 BANK CHARGES 12652 12652 48256 28966 19290 1753301 1062802 690499 0 119648 345259 0 688537 0 39536 7312 0 139777 104617 31329 35160 1037776 4027257 1196065 5135749 25148 41414 0 150000 155199 151731 0 3997264 180347 4340409 X 1015718 81803 0 713537 1015718 795340 1196065 5135749 X 624999 -845377 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45193 18161 27032 94584 86456 8128 35160 RIGHT-OF-USE ASSET 4027257 4027257 OPERATING LEASE LIABILITITES 3997264 3997264 X 2415013 36000 713 36713 2378300 0 2378300 1790014 36000 713 36713 1753301 0 1753301 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 713. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 713. 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. X 0 0 0 0 0 0 0 0 0 KARTIKEYA PATEL SECRETARY/VP INST EFFECT & RESEARCH 180000 0 0 0 0 0 0 0 0 0 180000 0 0 0 ANAND KUCHIBHOTLA PRESIDENT/CEO 175531 0 0 0 0 0 0 0 4409 0 179940 0 0 0 RAJU CHAMARTHI PROVOST/CHIEF ACADEMIC OFFICER/COO 170587 0 0 0 0 0 0 0 8205 0 178792 0 0 0 HANIMIREDDY LAKIREDDY FATHER OF TRUSTEE SIDDAHARTHA LAKIREDDY GENERAL OPERATIONS X 150000 150000 0 1 0 150000 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 2022 TOTAL CONTRIBUTIONS INCLUDED IN FORM 990, PART VIII, LINE 1, $835,017 ARE CONTRIBUTIONS FROM SILICON ANDHRA. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 98,436. MANAGEMENT AND GENERAL EXPENSES 44,624. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 143,060. FACULTY: PROGRAM SERVICE EXPENSES 252,211. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 252,211. FORM 990, PART XI, LINE 8 REDUCTION IN PRIOR YEAR ENDING NET ASSETS DUE TO FASB LEASE ACCOUNTING ADOPTION