UNIVERSITY OF SOUTHERN CALIFORNIA: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF SOUTHERN CALIFORNIA (EIN 95-1642394)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-10-20
- IRS object ID
- 202322939349300132
- Schema version
- 2021v4.2
- Note
- A later return for the same period supersedes this one.
- 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 C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-20T11:41:57-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PwC US Tax LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 SEAPORT BLVD SUITE 500 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951642394 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | University of Southern California | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % CASSANDRA PORTER ACCT/FIN D | InCareOfNm |
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 2138211900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | UNIVERSITY GARDENS UGB203 | AddressLine1Txt |
| City | Los Angeles | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 900898003 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ERIK BRINK | PersonNm |
| Person Title | SVP FIN/CFO | PersonTitleTxt |
| Phone | 2138211900 | PhoneNum |
| Signature | 2023-10-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ERIK | PersonFirstNm |
| Person Last | BRINK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GWEN SPENCER | PreparerPersonNm |
| PTIN | P00641463 | PTIN |
| Phone | 6175305000 | PhoneNum |
| Preparation | 2023-10-20 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Principal Officer | Dr Carol L Folt | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | UNIVERSITY GARDENS UGB203 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 900898003 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,567,632,114 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | http://www.usc.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1895 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 34 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 33 | VotingMembersIndependentCnt |
| Total Employee | 42205 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $32,366,133 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,029,523,653 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,011,581,561 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,809,918,063 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,529,012,115 | CYProgramServiceRevenueAmt |
| PY Investment Income | $532,831,334 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,023,826,217 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,897,319 | PYOtherRevenueAmt |
| CY Other Revenue | $2,506,719 | CYOtherRevenueAmt |
| PY Total Revenue | $5,375,170,369 | PYTotalRevenueAmt |
| CY Total Revenue | $5,566,926,612 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $676,311,252 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $737,108,936 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,211,193,232 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,446,122,028 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $360,000 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $495,000 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $80,338,041 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,533,523,891 | PYOtherExpensesAmt |
| CY Other Expenses | $1,865,558,274 | CYOtherExpensesAmt |
| PY Total Expenses | $5,421,388,375 | PYTotalExpensesAmt |
| CY Total Expenses | $5,049,284,238 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$46,218,006 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $517,642,374 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $14,735,782,192 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,791,301,785 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,313,223,217 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,615,091,439 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $10,422,558,975 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,176,210,346 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $3,452,131,968 | ExpenseAmt |
| Grant | $737,108,936 | GrantAmt |
| Revenue | $2,741,462,528 | RevenueAmt |
| Desc | INSTRUCTION AND RESEARCH: APPROXIMATELY 21,000 STUDENTS IN UNDERGRADUATE CLASSES: APPROXIMATELY 28,000 STUDENTS IN GRADUATE AND PROFESSIONAL CLASSES: 5,424 BACHELOR DEGREES CONFERRED AND 12,393 ADVANCED DEGREES CONFERRED IN 2021-2022. THE MAJOR RESEARCH IS IN MEDICINE, ENGINEERING AND THE SCIENCES. THE INSTITUTION HAS 701 CONTRACTS/GRANTS AWARDED BY THE FEDERAL GOVERNMENT AND 347 AWARDED IN 2021-2022 BY PRIVATE CORPORATIONS, FOUNDATIONS, OTHER UNIVERSITIES, OR STATE AND LOCAL GOVERNMENTS FOR BASIC RESEARCH. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $525,655,265 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $519,081,935 | RevenueAmt |
| Desc | HEALTH CARE SERVICES: THE DOCTORS OF USC ARE MORE THAN 500 PHYSICIANS AND SPECIALISTS WHO ARE FULL-TIME FACULTY MEMBERS OF THE KECK SCHOOL OF MEDICINE OF USC. USC PHYSICIANS PRACTICE AT KECK HOSPITAL OF USC, USC NORRIS CANCER HOSPITAL, USC VERDUGO HILLS HOSPITAL, DOHENY EYE INSTITUTE, HEALTH CARE CENTERS ON THE HEALTH SCIENCES CAMPUS AND IN DOWNTOWN LOS ANGELES, AND AT LOS ANGELES COUNTY & USC MEDICAL CENTER AND CHILDRENS HOSPITAL LOS ANGELES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $448,630,608 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $268,467,653 | RevenueAmt |
| Desc | AUXILIARY ENTERPRISES: APPROXIMATELY 49,000 STUDENTS AND 21,000 FACULTY AND STAFF ARE SERVED BY THE BOOKSTORE, DINING SERVICES, HOUSING, PARKING FACILITIES AND OTHER SERVICES THAT SUPPORT EDUCATIONAL ACTIVITIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $4,426,417,841 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 68456 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 42205 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | SP | ForeignCountryCd |
| Foreign Country | FR | ForeignCountryCd |
| Foreign Country | HK | ForeignCountryCd |
| Foreign Country | CH | ForeignCountryCd |
| Foreign Country | MX | ForeignCountryCd |
| Foreign Country | TW | ForeignCountryCd |
| Foreign Country | KS | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (true) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 34 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 33 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | 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 | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| 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 | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CASSANDRA PORTER ACCTFIN D | PersonNm |
| Phone | 2138211900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | UNIV GARDENS UGB203 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90089 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (72 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Charles Helton | ||||||||||
| Head Football Coach | 40.0 | 0.0 | Yes (X) | $4,642,300 | $0 | $44,565 | ||||
| Carol L Folt | ||||||||||
| President/Trustee | 50.0 | 2.25 | $3,458,670 | $0 | $436,495 | Yes (X) | Yes (X) | |||
| Andy Enfield | ||||||||||
| Men's Head Basketball Coach | 40.0 | 0.0 | Yes (X) | $3,749,225 | $0 | $57,164 | ||||
| Vaughn Starnes MD | ||||||||||
| CHAIR & DIST PROF SURGERY | 0.0 | 50.5 | Yes (X) | $3,379,985 | $0 | $56,996 | ||||
| Louis A Vandermolen MD | ||||||||||
| Professor of Clinical Medicine | 50.0 | 0.0 | Yes (X) | $3,008,260 | $0 | $40,331 | ||||
| Inderbir Singh Gill MD | ||||||||||
| Professor of Urology | 50.0 | 0.5 | Yes (X) | $2,831,970 | $0 | $62,262 | ||||
| James M Staten | ||||||||||
| SVP, Finance & CFO | 50.0 | 10.25 | $2,456,907 | $0 | $60,340 | Yes (X) | ||||
| Amy Diamond | ||||||||||
| CHIEF INVESTMENT OFFICER | 50.0 | 0.0 | $1,841,609 | $0 | $258,376 | Yes (X) | ||||
| Steven D Shapiro | ||||||||||
| SEE SCHEDULE O FOR TITLE | 50.0 | 10.0 | $998,306 | $0 | $883,094 | Yes (X) | ||||
| ROD HANNERS | ||||||||||
| CEO Keck Medicine of USC | 50.0 | 6.5 | $1,578,726 | $0 | $82,517 | Yes (X) | ||||
| Chrysostomos L Nikias | ||||||||||
| SEE SCHEDULE O FOR TITLE | 40.0 | 0.0 | $1,272,900 | $0 | $28,970 | Yes (X) | ||||
| Geoffrey Garrett | ||||||||||
| Dean, Marshall School of Bus. | 50.0 | 0.0 | $1,143,914 | $0 | $97,649 | Yes (X) | ||||
| Felicia A Washington | ||||||||||
| SVP, HUMAN RESOURCES | 50.0 | 0.0 | $1,087,206 | $0 | $144,626 | Yes (X) | ||||
| Beong-Soo Kim | ||||||||||
| SVP & General Counsel | 50.0 | 8.0 | $1,094,890 | $0 | $119,138 | Yes (X) | ||||
| Charles F Zukoski | ||||||||||
| SEE SCHEDULE O FOR TITLE | 50.0 | 2.25 | $1,017,723 | $0 | $147,686 | Yes (X) | ||||
| LAURA MOSQUEDA | ||||||||||
| SEE SCHEDULE O FOR TITLE | 50.0 | 0.5 | $1,050,101 | $0 | $38,198 | Yes (X) | ||||
| Glenn Osaki | ||||||||||
| SEE SCHEDULE O FOR TITLE | 50.0 | 0.0 | $906,291 | $0 | $54,687 | Yes (X) | ||||
| Tracey Vranich | ||||||||||
| SEE SCHEDULE O FOR TITLE | 50.0 | 0.0 | $742,092 | $0 | $42,244 | Yes (X) | ||||
| David W Wright | ||||||||||
| SVP, ADMINISTRATION | 50.0 | 0.0 | $644,915 | $0 | $76,730 | Yes (X) | ||||
| Amber Miller | ||||||||||
| SEE SCHEDULE O FOR TITLE | 50.0 | 0.0 | $640,282 | $0 | $43,777 | Yes (X) | ||||
| Samuel Garrison | ||||||||||
| SVP, UNIVERSITY RELATIONS | 50.0 | 0.0 | $610,128 | $0 | $54,699 | Yes (X) | ||||
| Gareth James | ||||||||||
| SEE SCHEDULE O FOR TITLE | 50.0 | 0.0 | $631,031 | $0 | $19,431 | Yes (X) | ||||
| Michael Quick | ||||||||||
| SEE SCHEDULE O FOR TITLE | 40.0 | 0.0 | $623,753 | $0 | $25,144 | Yes (X) | ||||
| Narsing Rao MD | ||||||||||
| Interim Dean, Keck Med. of USC | 50.0 | 0.0 | $595,012 | $0 | $46,277 | Yes (X) | ||||
| Yannis C Yortsos | ||||||||||
| Dean, Viterbi School of Eng. | 50.0 | 0.25 | $527,161 | $0 | $49,731 | Yes (X) | ||||
| Kyle Henley | ||||||||||
| SVP & CHIEF COMM. OFFICER | 50.0 | 0.0 | $494,603 | $0 | $30,378 | Yes (X) | ||||
| Elizabeth Graddy | ||||||||||
| SEE SCHEDULE O FOR TITLE | 50.0 | 0.0 | $472,171 | $0 | $28,634 | Yes (X) | ||||
| Carolyn Domen-Broshears | ||||||||||
| Secretary of the University | 50.0 | 6.25 | $410,146 | $0 | $20,158 | Yes (X) | ||||
| Lisa Mazzocco | ||||||||||
| SEE SCHEDULE O FOR TITLE | 50.0 | 0.0 | $400,000 | $0 | $0 | Yes (X) | ||||
| David Brown | ||||||||||
| SEE SCHEDULE O FOR TITLE | 50.0 | 0.0 | $302,880 | $0 | $57,772 | Yes (X) | ||||
| Dani Byrd | ||||||||||
| SEE SCHEDULE O FOR TITLE | 40.0 | 0.0 | $266,183 | $0 | $55,363 | Yes (X) | ||||
| Rick J Caruso | ||||||||||
| Trustee, Chair until 6/16/2022 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | Yes (X) | |||
| Suzanne Nora Johnson | ||||||||||
| Trustee, Chair as of 6/16/2022 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | Yes (X) | |||
| Miriam Adelson | ||||||||||
| Trustee until 6/16/2022 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Stephanie A Argyros | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Thomas J Barrack Jr | ||||||||||
| Trustee until 7/20/2021 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Marc R Benioff | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Corii D Berg | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Robert D Beyer | ||||||||||
| Trustee as of 12/8/2021 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| David C Bohnett | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Joseph M Boskovich Sr | ||||||||||
| Trustee until 6/16/2022 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Robert A Bradway | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| David H Dornsife | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Suzanne Dworak-Peck | ||||||||||
| Trustee until 6/16/2022 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Michele Dedeaux Engemann | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Michael A Felix | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Stanley P Gold | ||||||||||
| Trustee until 6/16/2022 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Ming Hsieh | ||||||||||
| Trustee until 6/16/2022 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| John M Iino | ||||||||||
| Trustee as of 6/16/2022 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Stephen M Keck | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Kenneth R Klein | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Jaime L Lee | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Kathy Leventhal | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| William J Mcmorrow | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| John Mork | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Oscar Munoz | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Rod Y Nakamoto | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Carmen Nava | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Shelly L Nemirovsky | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Dominic Ng | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| J Kristoffer Popovich | ||||||||||
| Trustee until 6/16/2022 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Blake Quinn | ||||||||||
| Trustee until 6/16/2022 | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Amy A Ross | ||||||||||
| Trustee | 2.0 | 3.0 | $0 | $0 | $0 | Yes (X) | ||||
| Frederick J Ryan Jr | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Leonard D Schaeffer | ||||||||||
| Trustee | 2.0 | 2.0 | $0 | $0 | $0 | Yes (X) | ||||
| William E B Siart | ||||||||||
| Trustee | 2.0 | 2.0 | $0 | $0 | $0 | Yes (X) | ||||
| Jeffrey H Smulyan | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Heliane M Steden | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Ronald D Sugar | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Tracy M Sykes | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Daniel M Tsai | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Wenxue Wang | ||||||||||
| Trustee | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $40,533,357 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $2,971,127 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8332 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | 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 |
|---|---|---|---|---|---|
| 2U INC | |||||
| 1150 S OLIVE STREET SUITE 2050 | LOS ANGELES | CA | 90015 | ONLINE EDUCATION SVC | $78,214,050 |
| DELOITTE CONSULTING LLP | |||||
| 4022 SELLS DRIVE | HERMITAGE | TN | 37076 | CONSULTING SERVICES | $24,980,067 |
| DEL AMO CONSTRUCTION INC | |||||
| 23840 MADISON STREET | TORRANCE | CA | 90505 | CONSTRUCTION | $21,907,174 |
| ERNST YOUNG LLP | |||||
| 725 SOUTH FIGUEROA STREET 200 | LOS ANGELES | CA | 90017 | CONSULTING SERVICES | $18,308,397 |
| ARAMARK CORPORATION | |||||
| 2400 MARKET STREET | PHILADELPHIA | PA | 19103 | MAINTENANCE SVCS | $13,950,074 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 775 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $443,460 | FundraisingAmt |
| Government Grants | $519,984,634 | GovernmentGrantsAmt |
| All Other Contributions | $491,153,467 | AllOtherContributionsAmt |
| Noncash Contributions | $28,206,427 | NoncashContributionsAmt |
| Total Contributions | $1,011,581,561 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION & FEES | 900099 | $2,467,845,284 | $2,467,845,284 | |
| NET PATIENT SERVICE REVENUE | 900099 | $369,448,739 | $369,448,739 | |
| AUXILIARY ENTERPRISES | 900099 | $268,467,653 | $258,453,687 | $10,013,966 |
| RECOVERY OF INDIRECT COST | 900099 | $154,241,014 | $154,241,014 | |
| PROFESSIONAL SERVICES AGREEMENT | 900099 | $149,633,197 | $149,633,197 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $119,376,228 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $117,380,333 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,995,895 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,529,012,115 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,934,813 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $5,995,569 | UnrelatedBusinessRevenueAmt |
| Exclusion | $22,939,244 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,123,971 | TotalRevenueColumnAmt |
| Exclusion | $3,123,971 | ExclusionAmt |
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 |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $974,197,717 | SecuritiesAmt |
| Other | $20,693,687 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $974,197,717 | SecuritiesAmt |
| Other | $20,693,687 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $994,891,404 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $14,360,703 | UnrelatedBusinessRevenueAmt |
| Exclusion | $980,530,701 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $88,250 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $443,460 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $705,502 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$617,252 | TotalRevenueColumnAmt |
| Exclusion | -$617,252 | 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 |
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,566,926,612 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,517,002,254 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $32,366,133 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,005,976,664 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,240,720 | TotalAmt |
| Program Services | $1,240,720 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $724,779,425 | TotalAmt |
| Program Services | $724,779,425 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,088,791 | TotalAmt |
| Program Services | $11,088,791 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,914,225 | TotalAmt |
| Program Services | $7,238,694 | ProgramServicesAmt |
| Management And General | $11,101,989 | ManagementAndGeneralAmt |
| Fundraising | $2,573,542 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,306,145 | TotalAmt |
| Program Services | $5,111,213 | ProgramServicesAmt |
| Management And General | $1,194,932 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,940,761,957 | TotalAmt |
| Program Services | $1,692,430,991 | ProgramServicesAmt |
| Management And General | $208,356,258 | ManagementAndGeneralAmt |
| Fundraising | $39,974,708 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,675,937 | TotalAmt |
| Program Services | $134,884,316 | ProgramServicesAmt |
| Management And General | $16,605,694 | ManagementAndGeneralAmt |
| Fundraising | $3,185,927 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,898,224 | TotalAmt |
| Program Services | $136,105,459 | ProgramServicesAmt |
| Management And General | $15,898,283 | ManagementAndGeneralAmt |
| Fundraising | $2,894,482 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,565,540 | TotalAmt |
| Program Services | $146,996,669 | ProgramServicesAmt |
| Management And General | $18,096,854 | ManagementAndGeneralAmt |
| Fundraising | $3,472,017 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,109,281 | TotalAmt |
| Management And General | $55,109,281 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,087,392 | TotalAmt |
| Management And General | $3,087,392 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $608,063 | TotalAmt |
| Program Services | $608,063 | ProgramServicesAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $495,000 | TotalAmt |
| Fundraising | $495,000 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,322,486 | TotalAmt |
| Management And General | $18,322,486 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,025,840,816 | TotalAmt |
| Program Services | $935,299,927 | ProgramServicesAmt |
| Management And General | $68,346,747 | ManagementAndGeneralAmt |
| Fundraising | $22,194,142 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,289,567 | TotalAmt |
| Program Services | $135,545,151 | ProgramServicesAmt |
| Management And General | $27,640,954 | ManagementAndGeneralAmt |
| Fundraising | $3,103,462 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,495,168 | TotalAmt |
| Program Services | $51,832,648 | ProgramServicesAmt |
| Management And General | $7,607,305 | ManagementAndGeneralAmt |
| Fundraising | $1,055,215 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,610,529 | TotalAmt |
| Program Services | $69,746,912 | ProgramServicesAmt |
| Management And General | $15,863,617 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $217,031,289 | TotalAmt |
| Program Services | $197,559,891 | ProgramServicesAmt |
| Management And General | $18,081,852 | ManagementAndGeneralAmt |
| Fundraising | $1,389,546 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,214,712 | TotalAmt |
| Management And General | $57,214,712 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| COST OF GOODS SOLD | $133,227,642 | $133,227,642 |
| UNIVERSITY SERVICES | $42,721,329 | $42,721,329 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,049,284,238 | TotalAmt |
| Program Services | $4,426,417,841 | ProgramServicesAmt |
| Management And General | $542,528,356 | ManagementAndGeneralAmt |
| Fundraising | $80,338,041 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,042,524,155 | BOYAmt |
| EOY | $405,476,739 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $377,926,420 | BOYAmt |
| EOY | $392,118,639 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,744,324 | BOYAmt |
| EOY | $436,274,124 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,678,076 | BOYAmt |
| EOY | $11,710,304 | 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 | $35,271,125 | BOYAmt |
| EOY | $25,119,791 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,458,011 | BOYAmt |
| EOY | $29,563,799 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $339,580,435 | BOYAmt |
| EOY | $248,928,574 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,564,840,100 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,988,091,558 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,907,725,005 | BOYAmt |
| EOY | $3,576,748,542 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,182,839,721 | BOYAmt |
| EOY | $3,286,216,082 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,185,924,022 | BOYAmt |
| EOY | $4,571,789,717 | 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 | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $529,110,898 | BOYAmt |
| EOY | $807,355,474 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,735,782,192 | BOYAmt |
| EOY | $13,791,301,785 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,199,984,111 | BOYAmt |
| EOY | $1,211,871,657 | 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 | $227,519,241 | BOYAmt |
| EOY | $380,237,454 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,132,014,681 | BOYAmt |
| EOY | $2,441,615,568 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $753,705,184 | BOYAmt |
| EOY | $581,366,760 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,313,223,217 | BOYAmt |
| EOY | $4,615,091,439 | 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 | $7,719,411,328 | BOYAmt |
| EOY | $3,343,843,852 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,703,147,647 | BOYAmt |
| EOY | $5,832,366,494 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,422,558,975 | BOYAmt |
| EOY | $9,176,210,346 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,735,782,192 | BOYAmt |
| EOY | $13,791,301,785 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $517,642,374 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,632,471,607 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$131,519,396 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| 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 |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $927,957,977 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $847,546,503 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $970,414,924 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,029,523,653 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,011,581,561 | CurrentTaxYearAmt |
| Total | $4,787,024,618 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $927,957,977 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $847,546,503 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $970,414,924 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,029,523,653 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,011,581,561 | CurrentTaxYearAmt |
| Total | $4,787,024,618 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $17,330,695 | SubstantialContributorsTotAmt |
| Public Support Total170 | $4,769,693,923 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $61,701,929 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $116,124,673 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $73,734,409 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $52,155,633 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,058,784 | CurrentTaxYearAmt |
| Total | $335,775,428 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $212,300 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $255,204 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $41,726 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $69,050 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $85,250 | CurrentTaxYearAmt |
| Total | $663,530 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,123,463,576 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $9,094,999,215 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.93095 | PublicSupportCY170Pct |
| Public Support PY170 | 0.92656 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 10: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME REPRESENTS GROSS INCOME FROM FUNDRAISING EVENTS. | ExplanationTxt |
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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp | |
| Total Direct Lobbying | TotalDirectLobbyingGrp | |
| Total Lobbying Expend | TotalLobbyingExpendGrp | |
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp | |
| Total Exempt Purpose Expend | TotalExemptPurposeExpendGrp | |
| Lobbying Nontaxable Amount | LobbyingNontaxableAmountGrp | |
| Grassroots Nontaxable | GrassrootsNontaxableGrp | |
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp | |
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $1,508,913 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | Yes (true) | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Total Lobbying Expenditures | $1,508,913 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1(G)-(I): | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY OF SOUTHERN CALIFORNIA'S LOBBYING EFFORTS INCLUDE, THROUGH THE USE OF PAID STAFF AND OUTSIDE LOBBYING FIRMS, THE PROMOTION OF HIGHER APPROPRIATIONS FOR STUDENT AID AND BASIC RESEARCH PROGRAMS AND EFFORTS TO GENERALLY FURTHER THE UNIVERSITY'S MISSION OF EDUCATION AND RESEARCH AT THE LOCAL, STATE AND FEDERAL LEVEL. THE UNIVERSITY ALSO PAYS DUES TO MEMBER ORGANIZATIONS WHICH MAY LOBBY ON ITS BEHALF. AMOUNTS ASSOCIATED WITH MEMBER DUES ARE NOT REPORTED IN PART II-B. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Funds Held | 9 | DonorAdvisedFundsHeldCnt |
| Donor Advised Funds Contri | $36,002,541 | DonorAdvisedFundsContriAmt |
| Donor Advised Funds Grants | $9,485,336 | DonorAdvisedFundsGrantsAmt |
| Donor Advised Funds Vl EOY | $69,025,275 | DonorAdvisedFundsVlEOYAmt |
| Disclosed Org Leg Ctrl | Yes (true) | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | Yes (true) | DisclosedForCharitablePrpsInd |
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $29,144,752 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Art | HeldWorksArtGrp | |
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
Collection Used Other Purposes CollectionUsedOtherPurposesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Other Purposes | Yes (X) | CollectionUsedOtherPurposesInd |
| Other Purposes | EDUCATION | OtherPurposesDesc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
| Agent Trustee Etc | Yes (true) | AgentTrusteeEtcInd |
| Beginning Balance | $571,035,792 | BeginningBalanceAmt |
| Additions During Year | -$303,936,744 | AdditionsDuringYearAmt |
| Distributions During Year | $11,280,250 | DistributionsDuringYearAmt |
| Ending Balance | $255,818,798 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,517,878,238 | BeginningYearBalanceAmt |
| Contributions | $170,484,066 | ContributionsAmt |
| Investment Earnings Or Losses | -$275,090,857 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $55,700,687 | GrantsOrScholarshipsAmt |
| Other Expenditures | $232,597,741 | OtherExpendituresAmt |
| Administrative Expenses | $12,475,909 | AdministrativeExpensesAmt |
| End Year Balance | $7,112,497,110 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,400,108,641 | BeginningYearBalanceAmt |
| Contributions | $155,477,007 | ContributionsAmt |
| Investment Earnings Or Losses | $2,221,283,012 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $53,482,200 | GrantsOrScholarshipsAmt |
| Other Expenditures | $194,880,267 | OtherExpendituresAmt |
| Administrative Expenses | $10,627,955 | AdministrativeExpensesAmt |
| End Year Balance | $7,517,878,238 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,476,423,715 | BeginningYearBalanceAmt |
| Contributions | $107,632,490 | ContributionsAmt |
| Investment Earnings Or Losses | $63,728,992 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $51,656,854 | GrantsOrScholarshipsAmt |
| Other Expenditures | $185,939,043 | OtherExpendituresAmt |
| Administrative Expenses | $10,080,659 | AdministrativeExpensesAmt |
| End Year Balance | $5,400,108,641 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,282,284,883 | BeginningYearBalanceAmt |
| Contributions | $188,223,613 | ContributionsAmt |
| Investment Earnings Or Losses | $238,538,234 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $46,594,372 | GrantsOrScholarshipsAmt |
| Other Expenditures | $177,037,868 | OtherExpendituresAmt |
| Administrative Expenses | $8,990,775 | AdministrativeExpensesAmt |
| End Year Balance | $5,476,423,715 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,876,143,064 | BeginningYearBalanceAmt |
| Contributions | $179,791,712 | ContributionsAmt |
| Investment Earnings Or Losses | $450,633,689 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $47,999,221 | GrantsOrScholarshipsAmt |
| Other Expenditures | $167,411,661 | OtherExpendituresAmt |
| Administrative Expenses | $8,872,700 | AdministrativeExpensesAmt |
| End Year Balance | $5,282,284,883 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.29910 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.70090 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (true) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (true) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $209,224,490 | OtherCostOrOtherBasisAmt |
| Book Value | $209,224,490 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,939,128,809 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,064,882,872 | DepreciationAmt |
| Book Value | $2,874,245,937 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $665,368,914 | OtherCostOrOtherBasisAmt |
| Depreciation | $527,698,942 | DepreciationAmt |
| Book Value | $137,669,972 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $751,117,887 | OtherCostOrOtherBasisAmt |
| Depreciation | $395,509,744 | DepreciationAmt |
| Book Value | $355,608,143 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,576,748,542 | TotalBookValueLandBuildingsAmt |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| HEDGE FUND | $2,085,898,171 | F |
| PRIVATE EQUITY | $2,485,891,546 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $4,571,789,717 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| REAL ESTATE/OTHER INVESTMENTS | $612,793,714 |
| ASSETS HELD BY OTHER TRUSTEES | $177,464,039 |
| OTHER | $17,097,721 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $807,355,474 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE | $85,702,340 |
| FEDERAL STUDENT LOAN FUNDS | $35,489,765 |
| ASSET RETIREMENT OBLIGATIONS | $152,543,119 |
| CAPITAL LEASE OBLIGATIONS | $86,758,170 |
| OPERATIONAL LEASE OBLIGATIONS | $202,866,221 |
| OTHER LIABILITIES | $18,007,145 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $581,366,760 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | THE UNIVERSITY OF SOUTHERN CALIFORNIA RETAINS MULTIPLE COLLECTIONS OF ART, HISTORICAL TREASURES AND OTHER SIMILAR ASSETS SUCH AS BOOKS, SCRIPTS, FILMS AND PHOTOGRAPHY. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR EDUCATION, RESEARCH AND PUBLIC EXHIBITION PURPOSES. |
| PART IV, LINE 1B: | THE UNIVERSITY ACTS AS THE FISCAL AGENT FOR FUNDS RELATED TO UNIVERSITY SPONSORED AND/OR AFFILIATED PROGRAMS. THE UNIVERSITY DOES NOT OWN THE FUNDS ASSOCIATED WITH THESE PROGRAMS. |
| PART V, LINE 4: | THE INTENT OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO GENERATE THE REVENUES NECESSARY TO SUPPORT THE UNIVERSITY'S EXEMPT PURPOSES, INCLUDING EDUCATION, RESEARCH AND SCHOLARSHIPS. |
| PART X, LINE 2: | THE UNIVERSITY OF SOUTHERN CALIFORNIA DOES NOT HAVE A FIN 48 FOOTNOTE AS ANY UNCERTAIN TAX POSITIONS WERE DEEMED IMMATERIAL. |
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 | false | 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 (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| EXPLANATION FOR LINE 3: | NON-DISCRIMINATION POLICY THE UNIVERSITY MEETS THE REQUIREMENTS OF SECTIONS 4.01 THROUGH 4.05 OF REV. PROC 75-50, COVERING RACIAL NONDISCRIMINATION, BECAUSE IT DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM AROUND THE U.S. AND WORLD, ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THE UNIVERSITY OF SOUTHERN CALIFORNIA IS AN EQUAL OPPORTUNITY EMPLOYER AND EDUCATOR. PROUDLY PLURALISTIC AND FIRMLY COMMITTED TO PROVIDING EQUAL OPPORTUNITY FOR OUTSTANDING MEN AND WOMEN OF EVERY RACE, CREED AND BACKGROUND, THE UNIVERSITY STRIVES TO BUILD A COMMUNITY IN WHICH EACH PERSON RESPECTS THE RIGHTS OF OTHER PEOPLE TO LIVE, WORK AND LEARN IN PEACE AND DIGNITY, TO BE PROUD OF WHO AND WHAT THEY ARE, AND TO HAVE EQUAL OPPORTUNITY TO REALIZE THEIR FULL POTENTIAL AS INDIVIDUALS AND MEMBERS OF SOCIETY. TO THIS END, THE UNIVERSITY PLACES GREAT EMPHASIS ON THOSE VALUES AND VIRTUES THAT BIND US TOGETHER AS HUMAN BEINGS AND MEMBERS OF THE TROJAN FAMILY. THE UNIVERSITY ENTHUSIASTICALLY SUPPORTS THIS POLICY IN ITS ENTIRETY, AND EXPECTS THAT EVERY PERSON ASSOCIATED WITH THE UNIVERSITY WILL GIVE CONTINUING SUPPORT TO ITS IMPLEMENTATION. THE UNIVERSITY IS COMMITTED TO COMPLYING WITH ALL APPLICABLE LAWS AND GOVERNMENTAL REGULATIONS AT EVERY LEVEL OF GOVERNMENT WHICH PROHIBIT DISCRIMINATION AGAINST, OR WHICH MANDATE THAT SPECIAL CONSIDERATION BE GIVEN TO STUDENTS AND APPLICANTS FOR ADMISSION, OR FACULTY, STAFF AND APPLICANTS FOR EMPLOYMENT ON THE BASIS OF ANY PROTECTED CATEGORY, INCLUDING RACE, COLOR, NATIONAL ORIGIN, ANCESTRY, RELIGION, GENDER, SEXUAL ORIENTATION, AGE, PHYSICAL DISABILITY, MENTAL DISABILITY, MARITAL STATUS, VETERAN STATUS, GENETIC INFORMATION, OR ANY OTHER CHARACTERISTIC WHICH MAY FROM TIME TO TIME BE SPECIFIED IN SUCH LAWS AND REGULATIONS. GENDER INCLUDES BOTH THE ACTUAL SEX OF AN INDIVIDUAL AND THAT PERSON'S GENDER IDENTITY, APPEARANCE OR BEHAVIOR, WHETHER OR NOT THAT IDENTITY, APPEARANCE OR BEHAVIOR IS TRADITIONALLY ASSOCIATED WITH THAT PERSON'S SEX AT BIRTH. THIS POLICY APPLIES TO ALL OF THE UNIVERSITY'S EDUCATIONAL PROGRAMS AND ACTIVITIES INCLUDING ADMISSIONS, AND ALL PERSONNEL ACTIVITIES INCLUDING BUT NOT LIMITED TO RECRUITING, HIRING, PROMOTION, DEMOTION, COMPENSATION, BENEFITS, TRANSFERS, LAYOFFS, RETURN FROM LAYOFF, PROVISION OF LEAVES, TRAINING, EDUCATION, TUITION ASSISTANCE AND OTHER PROGRAMS. IN ADDITION, AN OTHERWISE QUALIFIED INDIVIDUAL MUST NOT BE DISCRIMINATED AGAINST IN, OR EXCLUDED FROM, ADMISSIONS, PARTICIPATION IN EDUCATIONAL PROGRAMS AND ACTIVITIES, OR EMPLOYMENT SOLELY DUE TO HIS OR HER DISABILITY. THE UNIVERSITY SEEKS COMPLIANCE WITH ALL STATUTES PROHIBITING DISCRIMINATION IN EDUCATION, INCLUDING TITLE VI AND TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, TITLE IX OF THE EDUCATION AMENDMENTS OF 1972, SECTION 504 OF THE REHABILITATION ACT OF 1973, THE AGE DISCRIMINATION ACT OF 1975, AND THE AMERICANS WITH DISABILITIES ACT OF 1990 WHICH RESPECTIVELY PROHIBIT DISCRIMINATION. THIS GOOD FAITH EFFORT TO COMPLY IS MADE EVEN WHEN SUCH LAWS AND REGULATIONS CONFLICT WITH EACH OTHER. THE UNIVERSITY WILL MAKE REASONABLE ACCOMMODATIONS FOR QUALIFIED INDIVIDUALS WITH KNOWN DISABILITIES UNLESS DOING SO WOULD RESULT IN UNDUE HARDSHIP. IN GENERAL, THE UNIVERSITY DOES NOT SOLICIT OUTSIDE OF ITS WEBSITE AND ADMISSIONS MATERIALS. THE UNIVERSITY'S NON-DISCRIMINATION POLICY IS ON THE UNIVERSITY'S WEBSITE, IN THE FACULTY HANDBOOK, IN SCAMPUS (THE STUDENT HANDBOOK), AND ALSO IN THE UNIVERSITY COURSE CATALOGUE. IN ADDITION, IT IS COMMUNICATED TO ALL STUDENTS DURING ORIENTATION, TO ALL NEW EMPLOYEES WITHIN 60 DAYS OF HIRE, AND TO ALL EMPLOYEES EVERY 2 YEARS AS PART OF THE UNIVERSITY'S HARASSMENT AND DISCRIMINATION PREVENTION TRAINING. |
| EXPLANATION FOR LINE 6A: | THE UNIVERSITY OF SOUTHERN CALIFORNIA RECEIVES FUNDING FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES IN SUPPORT OF THE UNIVERSITY'S EDUCATIONAL MISSION. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (41 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| East Asia and the Pacific | 0 | 5 | Program Services | INSTRUCT,EXCUR,TRAVEL | $85,558 |
| Europe (Including Iceland and Greenland) | 0 | 191 | Program Services | INSTRUCT,EXCUR,TRAVEL | $1,566,986 |
| Middle East and North Africa | 0 | 0 | Program Services | INSTRUCT,EXCUR,TRAVEL | $52,404 |
| North America | 0 | 10 | Program Services | INSTRUCT,EXCUR,TRAVEL | $108,644 |
| Russia and the Newly Independent States | 0 | 1 | Program Services | INSTRUCT,EXCUR,TRAVEL | $24,880 |
| South America | 0 | 8 | Program Services | INSTRUCT,EXCUR,TRAVEL | $81,896 |
| South Asia | 0 | 0 | Program Services | INSTRUCT,EXCUR,TRAVEL | $2,000 |
| Sub-Saharan Africa | 0 | 4 | Program Services | INSTRUCT,EXCUR,TRAVEL | $93,593 |
| Central America and the Caribbean | 0 | 1 | Program Services | Research | $1,549 |
| East Asia and the Pacific | 0 | 0 | Program Services | Research | $8,838 |
| Europe (Including Iceland and Greenland) | 0 | 7 | Program Services | Research | $74,247 |
| Middle East and North Africa | 0 | 0 | Program Services | Research | $1,872 |
| North America | 0 | 1 | Program Services | Research | $4,253 |
| Russia and the Newly Independent States | 0 | 0 | Program Services | Research | $3,360 |
| South America | 0 | 1 | Program Services | Research | $43,364 |
| South Asia | 0 | 0 | Program Services | Research | $9,879 |
| Sub-Saharan Africa | 0 | 0 | Program Services | Research | $5,677 |
| Central America and the Caribbean | 0 | 0 | Program Services | Student Abroad | $48,873 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | Student Abroad | $192,634 |
| Middle East and North Africa | 0 | 0 | Program Services | Student Abroad | $35,190 |
| Central America and the Caribbean | 0 | 0 | Program Services | Recruitment | $1,150 |
| East Asia and the Pacific | 6 | 23 | Program Services | Recruitment | $2,140,122 |
| Europe (Including Iceland and Greenland) | 1 | 1 | Program Services | Recruitment | $147,295 |
| Middle East and North Africa | 0 | 0 | Program Services | Recruitment | $3,572 |
| North America | 1 | 1 | Program Services | Recruitment | $191,196 |
| South America | 1 | 1 | Program Services | Recruitment | $200,617 |
| South Asia | 2 | 1 | Program Services | Recruitment | $132,354 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | Globalization - Travel | $7,299 |
| East Asia and the Pacific | 0 | 17 | Program Services | International Experien | $775,583 |
| Europe (Including Iceland and Greenland) | 0 | 21 | Program Services | International Experien | $345,406 |
| East Asia and the Pacific | 0 | 0 | Grantmaking | $4,018,201 | |
| Europe (Including Iceland and Greenland) | 0 | 0 | Grantmaking | $1,978,604 | |
| Middle East and North Africa | 0 | 0 | Grantmaking | $22,466 | |
| North America | 0 | 0 | Grantmaking | $1,362,623 | |
| South America | 0 | 0 | Grantmaking | $269,070 | |
| South Asia | 0 | 0 | Grantmaking | $2,195,147 | |
| Sub-Saharan Africa | 0 | 0 | Grantmaking | $1,242,680 | |
| Central America and the Caribbean | 0 | 0 | Investments | $1,470,591,850 | |
| East Asia and the Pacific | 0 | 0 | Investments | $6,363,343 | |
| Europe (Including Iceland and Greenland) | 0 | 0 | Investments | $371,403,178 | |
| Central America and the Caribbean | 0 | 0 | Program Services | INSTRUCT,EXCUR,TRAVEL | $9,581 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 229 | SubtotalEmployeesCnt |
| Continuation Total Office | 11 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 65 | ContinuationTotalEmployeeCnt |
| Total Office | 11 | TotalOfficeCnt |
| Total Employee | 294 | TotalEmployeeCnt |
| Subtotal Spent | $2,169,000 | SubtotalSpentAmt |
| Continuation Spent | $1,863,678,034 | ContinuationSpentAmt |
| Total Spent | $1,865,847,034 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (44 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt |
|---|---|---|
| East Asia and the Pacific | RESEARCH SUBAWARD | $2,930,361 |
| East Asia and the Pacific | RESEARCH SUBAWARD | $337,138 |
| East Asia and the Pacific | RESEARCH SUBAWARD | $30,803 |
| East Asia and the Pacific | RESEARCH SUBAWARD | $107,479 |
| East Asia and the Pacific | RESEARCH SUBAWARD | $32,170 |
| East Asia and the Pacific | RESEARCH SUBAWARD | $157,762 |
| East Asia and the Pacific | RESEARCH SUBAWARD | $22,500 |
| East Asia and the Pacific | RESEARCH SUBAWARD | $21,466 |
| East Asia and the Pacific | RESEARCH SUBAWARD | $182,395 |
| East Asia and the Pacific | RESEARCH SUBAWARD | $191,430 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $227,593 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $35,828 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $268,545 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $328,071 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $80,000 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $96,518 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $243,186 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $14,731 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $25,000 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $52,857 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $110,235 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $55,770 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $134,323 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $36,672 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $209,767 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $30,820 |
| Europe (Including Iceland and Greenland) | RESEARCH SUBAWARD | $24,432 |
| Middle East and North Africa | RESEARCH SUBAWARD | $18,980 |
| North America | RESEARCH SUBAWARD | $57,760 |
| North America | RESEARCH SUBAWARD | $47,480 |
| North America | RESEARCH SUBAWARD | $307,290 |
| North America | RESEARCH SUBAWARD | $122,287 |
| North America | RESEARCH SUBAWARD | $92,700 |
| North America | RESEARCH SUBAWARD | $491,465 |
| North America | RESEARCH SUBAWARD | $25,000 |
| North America | RESEARCH SUBAWARD | $218,640 |
| South America | RESEARCH SUBAWARD | $193,070 |
| South America | RESEARCH SUBAWARD | $76,000 |
| South Asia | RESEARCH SUBAWARD | $2,195,147 |
| Sub-Saharan Africa | RESEARCH SUBAWARD | $51,731 |
| Sub-Saharan Africa | RESEARCH SUBAWARD | $110,458 |
| Sub-Saharan Africa | RESEARCH SUBAWARD | $605,876 |
| Sub-Saharan Africa | RESEARCH SUBAWARD | $125,882 |
| Sub-Saharan Africa | RESEARCH SUBAWARD | $348,733 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 44 | Total501c3OrgCnt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | Yes (true) | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE UNIVERSITY WIRES ITS OFFICE EXPENSES ON A MONTHLY BASIS. THE MONTHLY EXPENSES CONSIST OF FIXED COSTS: PAYROLL, RENT, OCCUPANCY COSTS (SUCH AS PHONE/INTERNET/FAX, CLEANING, ELECTRICITY), CONSULTANTS SUCH AS ACCOUNTANTS, BANK FEES AND NON-FIXED, SUCH AS SUPPLIES, TRAVEL, MEALS AND ENTERTAINMENT AND SOME MISCELLANEOUS COSTS. THE OFFICES SEND THEIR EXPENSE REPORTS INCLUDING BACKUP (INVOICES/RECEIPTS) TO THE UNIVERSITY ALONG WITH MONTHLY BANK STATEMENTS. ALL EXPENDITURES DOMESTIC AND INTERNATIONAL MUST COMPLY WITH OUR EXPENDITURE MANUAL AND THE UNIVERSITY'S SENIOR BUSINESS OFFICERS ARE RESPONSIBLE FOR COMPLYING WITH THESE POLICIES AND REGULATIONS. EXPENDITURES RELATED TO RESEARCH GRANTS ARE CONTINUALLY MONITORED BY PRINCIPAL INVESTIGATORS ASSOCIATED WITH THAT AWARD. |
| PART I, LINE 3, COLUMN (F) AND PART II, LINE 1: | EXPENSES REPORTED IN SCHEDULE F, PART I, LINE 3, COLUMN (F) AND SCHEDULE F, PART II, LINE 1 ARE DERIVED FROM USC'S BOOKS AND RECORDS, WHICH ARE MAINTAINED ON THE ACCRUAL BASIS OF ACCOUNTING. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALBERT CHECCIO LLC | PersonNm |
| Activity | FUNDRAISING CONSULTING | ActivityTxt |
| Fundraiser Control Of Funds | false | FundraiserControlOfFundsInd |
| Retained By Contractor | $495,000 | RetainedByContractorAmt |
| Net To Organization | $0 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $495,000 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $0 | TotalNetToOrganizationAmt |
| Licensed States | AR | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | GA | LicensedStatesCd |
| Licensed States | IN | LicensedStatesCd |
| Licensed States | IA | LicensedStatesCd |
| Licensed States | KS | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | LA | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NM | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | PA | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | SD | LicensedStatesCd |
| Licensed States | VT | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | WV | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Alumni Awards | Event1Nm |
| Gross Receipts Event1 | $348,200 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $262,950 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $85,250 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $2,500 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $50,188 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $165,763 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $10,133 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $115,454 | OtherDirectExpensesEvent1Amt |
| Event2 | Scripter Awards | Event2Nm |
| Gross Receipts Event2 | $133,200 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $133,200 | CharitableContriEvent2Amt |
| Non Cash Prizes Event2 | $10,218 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $4,090 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $7,781 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $61,740 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $50,310 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $47,310 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $3,000 | GrossRevenueOtherEventsAmt |
| Non Cash Prizes Other Events | $3,104 | NonCashPrizesOtherEventsAmt |
| Rent Fclty Costs Other Events | $927 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $123,566 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $118,054 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $31,984 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $531,710 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $443,460 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $88,250 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $15,822 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $55,205 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $297,110 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $128,187 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $209,178 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $705,502 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$617,252 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (25 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Redeemer Community Partnership | |||||||
| PO Box 180499 | Los Angeles | CA | 90018 | 912144336 | 501(C)(3) | $24,030 | GENERAL SUPPORT |
| Al Otro Lado | |||||||
| PO Box 907 | Maywood | CA | 90270 | 472910078 | 501(C)(3) | $35,780 | GENERAL SUPPORT |
| Social and Environmental Entrepreneurs | |||||||
| 23564 Calabasas Road Suite 201 | Calabasas | CA | 91302 | 954116679 | 501(C)(3) | $23,750 | GENERAL SUPPORT |
| Youth Business Alliance | |||||||
| 800 Wilshire Boulevard Suite 200 | Los Angeles | CA | 90017 | 462067337 | 501(C)(3) | $8,000 | GENERAL SUPPORT |
| Clifford Beers Housing Inc | |||||||
| 11739 Victory Boulevard | Los Angeles | CA | 91606 | 954485263 | 501(C)(3) | $25,000 | GENERAL SUPPORT |
| PUENTE Learning Center | |||||||
| 501 South Boyle Avenue | Los Angeles | CA | 90033 | 954242175 | 501(C)(3) | $22,000 | GENERAL SUPPORT |
| Wellnest | |||||||
| 3031 South Vermont Avenue | Los Angeles | CA | 90007 | 951690974 | 501(C)(3) | $28,000 | GENERAL SUPPORT |
| OUR HOUSE Grief Support Center | |||||||
| 21860 Burbank Boulevard Suite 195 | Woodland Hills | CA | 91367 | 330529915 | 501(C)(3) | $38,000 | GENERAL SUPPORT |
| FEAST | |||||||
| 3655 South Grand Avenue Suite 210 | Los Angeles | CA | 90007 | 464312265 | 501(C)(3) | $17,460 | GENERAL SUPPORT |
| Jazz Hands for Autism | |||||||
| 10220 Culver Boulevard Suite 101 | Culver City | CA | 90232 | 471719982 | 501(C)(3) | $28,500 | GENERAL SUPPORT |
| Sacred Heart Elementary School | |||||||
| 2109 Sichel Street | Los Angeles | CA | 90031 | 951641965 | 501(C)(3) | $21,150 | GENERAL SUPPORT |
| 24th STreet Theatre Company | |||||||
| 1117 West 24th Street | Los Angeles | CA | 90007 | 954607337 | 501(C)(3) | $31,990 | GENERAL SUPPORT |
| School on Wheels Inc | |||||||
| 3150 North San Fernando Road Suite | Los Angeles | CA | 90065 | 954422640 | 501(C)(3) | $31,730 | GENERAL SUPPORT |
| Network for Teaching Entrepreneurship (NFTE) Los A | |||||||
| 201 North Brand Boulevard Suite 20 | Glendale | CA | 91203 | 133408731 | 501(C)(3) | $10,650 | GENERAL SUPPORT |
| Project Scientist | |||||||
| PO Box 515 | Laguna Beach | CA | 92652 | 461763945 | 501(C)(3) | $43,200 | GENERAL SUPPORT |
| Rise Education Fund | |||||||
| 820 Kodak Drive | Los Angeles | CA | 90026 | 843954465 | 501(C)(3) | $30,000 | GENERAL SUPPORT |
| Khalsa Peace Corps | |||||||
| 1431 West Jefferson Boulevard | Los Angeles | CA | 90007 | 264601165 | 501(C)(3) | $19,000 | GENERAL SUPPORT |
| Community Services Unlimited Inc | |||||||
| 6569 South Vermont Avenue | Los Angeles | CA | 90044 | 953218396 | 501(C)(3) | $34,280 | GENERAL SUPPORT |
| Mount Olive Lutheran Church | |||||||
| 1343 Ocean Park Boulevard | Santa Monica | CA | 90014 | 951757256 | 501(C)(3) | $9,576 | GENERAL SUPPORT |
| Fulcrum Arts | |||||||
| 145 North Raymond Avenue | Pasadena | CA | 91103 | 952540759 | 501(C)(3) | $25,000 | GENERAL SUPPORT |
| SOLA Community Peace Center | |||||||
| 3651 South Vermont Avenue | Los Angeles | CA | 90007 | 371945764 | 501(C)(3) | $25,770 | GENERAL SUPPORT |
| Violence Intervention Program Community Mental Hea | |||||||
| 1721 Griffin Avenue | Los Angeles | CA | 90031 | 300017808 | 501(C)(3) | $29,390 | GENERAL SUPPORT |
| Living Advantage Inc | |||||||
| 2734 Raymond Avenue | Los Angeles | CA | 90007 | 954447561 | 501(C)(3) | $29,980 | GENERAL SUPPORT |
| 826LA | |||||||
| 1714 West Sunset Boulevard | Los Angeles | CA | 90026 | 954447561 | 501(C)(3) | $16,590 | GENERAL SUPPORT |
| Community Partners | |||||||
| 1000 North Alameda Street Suite 24 | Los Angeles | CA | 90012 | 954302067 | 501(C)(3) | $628,094 | GENERAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 25 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | STUDENT FINANCIAL AID | GrantTypeTxt |
| Recipient | 27307 | RecipientCnt |
| Cash Grant | $724,779,425 | CashGrantAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I | FormAndLineReferenceDesc |
| Explanation | PART I, LINE 2 USC NEIGHBORHOOD OUTREACH FUNDS ARE DISTRIBUTED THROUGH A COMPETITIVE GRANT MAKING PROCESS. A GRANT REVIEW COMMITTEE COMPRISED OF UNIVERSITY FACULTY, AND STAFF VOLUNTEERS REVIEWS ALL GRANTS, AND PROVIDES FUNDING RECOMMENDATIONS BASED ON A SET OF CRITERIA. ALL FINAL GRANT AWARD DECISIONS ARE MADE BY CIVIC ENGAGEMENT. USC NEIGHBORHOOD OUTREACH MONITORS THE GRANT AWARDS THROUGH AN INTERIM REPORT SIX MONTHS INTO THE PROJECT, AND A FINAL CUMULATIVE REPORT AT THE END OF THE PROJECT. WE CONDUCT AD HOC SITE VISITS TO OBSERVE THE PROGRAM AND REVIEW EDUCATION CONSORTIUM OF CENTRAL LA (ECCLA) ACCOUNTING RECORDS. THE UNIVERSITY OF SOUTHERN CALIFORNIA ADMINISTERS ONE OF THE NATION'S LARGEST FINANCIAL AID PROGRAMS THROUGH ITS FINANCIAL AID OFFICE, AWARDING $724 MILLION IN AID TO OVER TWO-THIRDS OF OUR UNDERGRADUATE STUDENTS. WE WILL MEET THE FULL USC-DETERMINED FINANCIAL NEED OF ALL ADMITTED UNDERGRADUATE STUDENTS WHO MEET ALL FEDERAL, STATE, AND UNIVERSITY ELIGIBILITY REQUIREMENTS AND DEADLINES. STUDENTS AND THEIR PARENTS ARE REQUIRED TO SUBMIT ALL APPLICATIONS AND SUPPORT DOCUMENTS, MEETING ALL DEADLINES, IN ORDER TO MAKE THEIR CLAIM FOR FINANCIAL ASSISTANCE AND TO BE CONSIDERED FOR FINANCIAL AID. PART II THE UNIVERSITY OF SOUTHERN CALIFORNIA ALSO ADMINISTERS SUB-AWARDS FOR RESEARCH TO OTHER ORGANIZATIONS IN CONNECTION WITH RESEARCH GRANTS AWARDED TO THE UNIVERSITY. THE UNIVERSITY OF SOUTHERN CALIFORNIA DOES NOT REPORT THESE SUB-AWARDS AS GRANTS ON FORM 990, SCHEDULE I SINCE THE RECIPIENT ORGANIZATIONS PERFORM RESEARCH SERVICES FOR THE UNIVERSITY. PART III, COLUMN(C) THE CASH GRANT IS REFLECTED ON STUDENT ACCOUNTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| 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 | false | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | 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 | Yes (true) | InitialContractExceptionInd |
| Rebuttable Presumption Proc | Yes (true) | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (31 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Carol L Folt | ||||||||||||||
| President/Trustee | $1,419,861 | $0 | $900,000 | $0 | $1,138,809 | $0 | $416,116 | $0 | $20,379 | $0 | $3,895,165 | $0 | $0 | $0 |
| Carolyn Domen-Broshears | ||||||||||||||
| Secretary of the University | $329,066 | $0 | $50,000 | $0 | $31,080 | $0 | $14,500 | $0 | $5,658 | $0 | $430,304 | $0 | $0 | $0 |
| Samuel Garrison | ||||||||||||||
| SVP, UNIVERSITY RELATIONS | $435,859 | $0 | $125,000 | $0 | $49,269 | $0 | $14,500 | $0 | $40,199 | $0 | $664,827 | $0 | $0 | $0 |
| Kyle Henley | ||||||||||||||
| SVP & CHIEF COMM. OFFICER | $346,312 | $0 | $50,000 | $0 | $98,291 | $0 | $0 | $0 | $30,378 | $0 | $524,981 | $0 | $0 | $0 |
| Beong-Soo Kim | ||||||||||||||
| SVP & General Counsel | $693,549 | $0 | $300,000 | $0 | $101,341 | $0 | $114,500 | $0 | $4,638 | $0 | $1,214,028 | $0 | $0 | $0 |
| Steven D Shapiro | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $930,279 | $0 | $0 | $0 | $68,027 | $0 | $859,375 | $0 | $23,719 | $0 | $1,881,400 | $0 | $0 | $0 |
| James M Staten | ||||||||||||||
| SVP, Finance & CFO | $1,417,162 | $0 | $200,000 | $0 | $839,745 | $0 | $14,500 | $0 | $45,840 | $0 | $2,517,247 | $0 | $500,000 | $0 |
| Tracey Vranich | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $615,165 | $0 | $60,000 | $0 | $66,927 | $0 | $14,500 | $0 | $27,744 | $0 | $784,336 | $0 | $0 | $0 |
| Felicia A Washington | ||||||||||||||
| SVP, HUMAN RESOURCES | $601,539 | $0 | $250,000 | $0 | $235,667 | $0 | $114,500 | $0 | $30,126 | $0 | $1,231,832 | $0 | $0 | $0 |
| David W Wright | ||||||||||||||
| SVP, ADMINISTRATION | $453,871 | $0 | $100,000 | $0 | $91,044 | $0 | $14,500 | $0 | $62,230 | $0 | $721,645 | $0 | $0 | $0 |
| Charles F Zukoski | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $794,826 | $0 | $50,000 | $0 | $172,897 | $0 | $114,500 | $0 | $33,186 | $0 | $1,165,409 | $0 | $0 | $0 |
| Amy Diamond | ||||||||||||||
| CHIEF INVESTMENT OFFICER | $808,917 | $0 | $963,280 | $0 | $69,412 | $0 | $237,500 | $0 | $20,876 | $0 | $2,099,985 | $0 | $0 | $0 |
| Geoffrey Garrett | ||||||||||||||
| Dean, Marshall School of Bus. | $838,851 | $0 | $150,000 | $0 | $155,063 | $0 | $64,500 | $0 | $33,149 | $0 | $1,241,563 | $0 | $0 | $0 |
| ROD HANNERS | ||||||||||||||
| CEO Keck Medicine of USC | $944,017 | $0 | $288,844 | $0 | $345,865 | $0 | $52,000 | $0 | $30,517 | $0 | $1,661,243 | $0 | $0 | $0 |
| Amber Miller | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $492,346 | $0 | $50,000 | $0 | $97,936 | $0 | $14,500 | $0 | $29,277 | $0 | $684,059 | $0 | $0 | $0 |
| Narsing Rao MD | ||||||||||||||
| Interim Dean, Keck Med. of USC | $546,712 | $0 | $0 | $0 | $48,300 | $0 | $14,500 | $0 | $31,777 | $0 | $641,289 | $0 | $0 | $0 |
| Yannis C Yortsos | ||||||||||||||
| Dean, Viterbi School of Eng. | $439,281 | $0 | $65,000 | $0 | $22,880 | $0 | $14,500 | $0 | $35,231 | $0 | $576,892 | $0 | $0 | $0 |
| Andy Enfield | ||||||||||||||
| Men's Head Basketball Coach | $3,198,563 | $0 | $190,000 | $0 | $360,662 | $0 | $14,500 | $0 | $42,664 | $0 | $3,806,389 | $0 | $0 | $0 |
| Inderbir Singh Gill MD | ||||||||||||||
| Professor of Urology | $2,597,553 | $0 | $0 | $0 | $234,417 | $0 | $14,500 | $0 | $47,762 | $0 | $2,894,232 | $0 | $0 | $0 |
| Charles Helton | ||||||||||||||
| Head Football Coach | $3,259,413 | $0 | $50,000 | $0 | $1,332,887 | $0 | $14,500 | $0 | $30,065 | $0 | $4,686,865 | $0 | $0 | $0 |
| Vaughn Starnes MD | ||||||||||||||
| CHAIR & DIST PROF SURGERY | $3,096,988 | $0 | $0 | $0 | $282,997 | $0 | $14,500 | $0 | $42,496 | $0 | $3,436,981 | $0 | $0 | $0 |
| Louis A Vandermolen MD | ||||||||||||||
| Professor of Clinical Medicine | $2,460,460 | $0 | $300,000 | $0 | $247,800 | $0 | $32,767 | $0 | $7,564 | $0 | $3,048,591 | $0 | $0 | $0 |
| David Brown | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $300,198 | $0 | $0 | $0 | $2,682 | $0 | $14,500 | $0 | $43,272 | $0 | $360,652 | $0 | $0 | $0 |
| Dani Byrd | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $261,183 | $0 | $0 | $0 | $5,000 | $0 | $14,011 | $0 | $41,352 | $0 | $321,546 | $0 | $0 | $0 |
| Elizabeth Graddy | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $384,683 | $0 | $50,000 | $0 | $37,488 | $0 | $14,500 | $0 | $14,134 | $0 | $500,805 | $0 | $0 | $0 |
| Gareth James | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $572,383 | $0 | $7,500 | $0 | $51,148 | $0 | $14,500 | $0 | $4,931 | $0 | $650,462 | $0 | $0 | $0 |
| Lisa Mazzocco | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $0 | $0 | $0 | $0 | $400,000 | $0 | $0 | $0 | $0 | $0 | $400,000 | $0 | $0 | $0 |
| LAURA MOSQUEDA | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $855,177 | $0 | $125,000 | $0 | $69,924 | $0 | $14,500 | $0 | $23,698 | $0 | $1,088,299 | $0 | $0 | $0 |
| Chrysostomos L Nikias | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $610,068 | $0 | $0 | $0 | $662,832 | $0 | $14,500 | $0 | $14,470 | $0 | $1,301,870 | $0 | $0 | $0 |
| Glenn Osaki | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $334,241 | $0 | $0 | $0 | $572,050 | $0 | $14,010 | $0 | $40,677 | $0 | $960,978 | $0 | $0 | $0 |
| Michael Quick | ||||||||||||||
| SEE SCHEDULE O FOR TITLE | $573,112 | $0 | $0 | $0 | $50,641 | $0 | $14,500 | $0 | $10,644 | $0 | $648,897 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A AND LINE 1B: | FIRST-CLASS TRAVEL: THE UNIVERSITY OF SOUTHERN CALIFORNIA REQUIRES THAT ECONOMY-CLASS (COACH) TRAVEL BE UTILIZED FOR UNIVERSITY BUSINESS. FIRST AND BUSINESS CLASS AIR TRAVEL IS ONLY ALLOWED WHEN THERE IS ADVANCE WRITTEN APPROVAL, WHEN IT IS NECESSARY FOR MEDICAL REASONS, OR WHEN COACH CLASS IS UNAVAILABLE. THERE IS NO VALUE INCLUDED IN THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME AS ONLY BUSINESS TRAVEL EXPENSES ARE PAID. THE INDIVIDUALS LISTED IN FORM 990, PART VII WHO FLEW FIRST CLASS DURING CALENDAR YEAR 2021 INCLUDED ONE OFFICER AND ONE KEY EMPLOYEE. TAX GROSS-UP PAYMENTS: DURING CALENDAR YEAR 2021 ONE OFFICER AND ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED TAX GROSS-UP PAYMENTS. THE PAYMENTS ARE REPORTED ON FORM W-2 AS TAXABLE COMPENSATION AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B) (III). HOUSING ALLOWANCE: ONE KEY EMPLOYEE RECEIVED A HOUSING ALLOWANCE DURING CALENDAR YEAR 2021 WHICH WAS PROVIDED FOR IN THAT KEY EMPLOYEE'S EMPLOYMENT CONTRACT AND WAS INCLUDED IN TAXABLE COMPENSATION ON FORM W-2. SUCH AMOUNT IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). RESIDENCE FOR PERSONAL USE: ONE OFFICER HAD USE OF A UNIVERSITY OWNED CONDOMINIUM DURING CALENDAR YEAR 2021 WHICH WAS PROVIDED FOR IN THAT OFFICER'S EMPLOYMENT CONTRACT AND THE IMPUTED VALUE WAS INCLUDED IN TAXABLE COMPENSATION ON FORM W-2. SUCH AMOUNT IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). AS THE UNIVERSITY DOES NOT HAVE ON-CAMPUS HOUSING AVAILABLE FOR THE PRESIDENT'S USE BUT REQUIRES THE PRESIDENT TO LIVE IN A PRESIDENTIAL HOME AS A CONDITION OF EMPLOYMENT, THE PRESIDENT (DR. FOLT) WAS PROVIDED WITH OFF CAMPUS HOUSING PURSUANT TO HER EMPLOYMENT AGREEMENT. BECAUSE THE PROVISION OF OFF-CAMPUS HOUSING IS TAXABLE, THE BOARD DETERMINED IT WAS APPROPRIATE TO GROSS UP THE HOUSING BENEFIT. THE GROSSED UP BENEFIT WAS NOT DIRECTLY PROVIDED TO THE PRESIDENT AS CASH COMPENSATION BUT WAS INSTEAD REPORTED ON FORM W-2 AS TAXABLE INCOME AND IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: PAYMENT TO OR REIMBURSEMENT FOR AN INDIVIDUAL'S MEMBERSHIP IN, OR DUES TO, A PRIVATE CLUB FOR BUSINESS PURPOSES IS MADE AVAILABLE IN CERTAIN EMPLOYMENT CONTRACTS OR IS OTHERWISE APPROVED BY THE APPLICABLE SENIOR VICE PRESIDENT OR THE PRESIDENT. THE VALUE OF MEMBERSHIPS PROVIDED FOR BUSINESS PURPOSES IS NOT INCLUDED IN AN INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME. ANY PERSONAL USE OF THESE MEMBERSHIPS IS PAID FOR BY THE INDIVIDUAL. THE INDIVIDUALS LISTED IN FORM 990, PART VII WHO WERE PROVIDED WITH MEMBERSHIP IN, OR DUES TO, A PRIVATE CLUB DURING CALENDAR YEAR 2021 INCLUDED SEVEN OFFICERS, TWO KEY EMPLOYEES, ONE HIGHEST COMPENSATED EMPLOYEE, AND ONE FORMER OFFICER. PERSONAL SERVICES: CERTAIN INDIVIDUALS RECEIVED PERSONAL SERVICES, INCLUDING FINANCIAL PLANNING. SUCH SERVICES ARE MADE AVAILABLE IN EMPLOYMENT CONTRACTS AND THE VALUE OF THE SERVICES, IF USED, WAS INCLUDED IN THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME AND IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). THE LISTED INDIVIDUALS WHO RECEIVED SUCH BENEFIT DURING CALENDAR YEAR 2021 INCLUDED FOUR OFFICERS, TWO HIGHEST COMPENSATED EMPLOYEES, AND ONE FORMER OFFICER. THE PRESIDENT RECEIVED HOUSE MANAGEMENT SERVICES PURSUANT TO HER CONTRACT. THE VALUE OF THE SERVICES WAS REPORTED ON FORM W-2 AS TAXABLE INCOME AND IS REPORTED ON SCHEDULE J, PART II, COLUMN B(III). ONE OFFICER AND ONE FORMER OFFICER RECEIVED THE SERVICES OF A CAR AND DRIVER. SUCH SERVICES WERE APPROVED AS PART OF THE OFFICER AND FORMER OFFICER'S EMPLOYMENT CONTRACTS, AND THE VALUES OF TAXABLE SERVICES WERE INCLUDED IN THE OFFICER AND FORMER OFFICER'S FORM W-2 AS TAXABLE INCOME AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). |
| PART I, LINE 4A: | LISA MAZZOCCO, IN CONNECTION WITH HER RESIGNATION OF HER POSITION AND SEPARATION FROM THE UNIVERSITY, WAS ENTITLED TO TWO $400,000 LUMP SUM PAYMENTS, THE FIRST OF WHICH WAS PAID DURING CALENDAR YEAR 2020 AND THE SECOND OF WHICH WAS PAID DURING CALENDAR YEAR 2021. THIS SECOND PAYMENT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). CHARLES HELTON, IN CONNECTION WITH HIS RESIGNATION OF HIS POSITION AND SEPARATION FROM THE UNIVERSITY, WAS ENTITLED TO SEPARATION PAYMENTS. SEPARATION PAYMENTS INCLUDED A SERIES OF MONTHLY PAYMENTS WHICH TOTALED $565,186 DURING CALENDAR YEAR 2021, AND ONE LUMP SUM PAYMENT OF $340,926. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). |
| PART I, LINE 4B: | CAROL FOLT: DURING THE CALENDAR YEAR THE PRESIDENT PARTICIPATED IN TWO RETENTION PROGRAMS. UNDER THE FIRST PLAN, A PAYMENT OF $2,000,000 (ACCRUING AT $666,667 PER FISCAL YEAR, PLUS INTEREST, BEGINNING ON JULY 1, 2021, SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE) IS SCHEDULED TO VEST AND BE PAYABLE IN 2024. A RATABLE ACCRUAL OF $333,334 FROM CALENDAR YEAR 2021 IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C). UNDER THE SECOND PLAN, 10% OF THE PRESIDENT'S COMBINED BASE SALARY AND BONUS LESS THE PRESIDENT'S SECTION 401(A) CONTRIBUTION FOR THE YEAR IS DEFERRED SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, AND SCHEDULED TO VEST (PLUS INTEREST) AND BE PAYABLE IN 2024. THE PLAN WAS EFFECTIVE STARTING IN DECEMBER 2021. A RATABLE ACCRUAL OF $68,282 FROM THE CALENDAR YEAR IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C). JAMES M. STATEN: DURING CALENDAR YEAR 2021, SENIOR VICE PRESIDENT, FINANCE AND CFO, PARTICIPATED IN A RETENTION PROGRAM. A PAYMENT IN THE TOTAL AMOUNT OF $500,000 (ACCRUED AT $100,000 PER YEAR) VESTED AND WAS PAYABLE IN CALENDAR YEAR 2021 AND HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). THIS PLAN WAS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. CHARLES ZUKOSKI: DURING CALENDAR YEAR 2021, PROVOST AND SENIOR VICE PRESIDENT, ACADEMIC AFFAIRS, PARTICIPATED IN A RETENTION PROGRAM. A PAYMENT OF $500,000 (ACCRUING AT $100,000 PER YEAR) IS SCHEDULED TO VEST AND BE PAYABLE IN 2024 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. AN ACCRUAL OF $100,000 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). AS CHARLES ZUKOSKI STEPPED DOWN FROM HIS OFFICER POSITION AT THE UNIVERSITY ON JANUARY 1, 2023, HE WILL NOT RECEIVE A CALENDAR YEAR 2023 ACCRUAL OR A 2024 PAYMENT UNDER THIS RETENTION PROGRAM. BEONG-SOO KIM: DURING CALENDAR YEAR 2021, SENIOR VICE PRESIDENT & GENERAL COUNSEL, PARTICIPATED IN A RETENTION PROGRAM. A PAYMENT OF $1,000,000 (ACCRUING AT $100,000 PER YEAR) IS SCHEDULED TO VEST AND BE PAYABLE IN 2030 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. AN ACCRUAL OF $100,000 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). FELICIA A. WASHINGTON: DURING CALENDAR YEAR 2021, SVP, HUMAN RESOURCES, PARTICIPATED IN A RETENTION PROGRAM. A PAYMENT OF $200,000 (ACCRUING AT $100,000 PER YEAR) IS SCHEDULED TO VEST AND BE PAYABLE IN 2022 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. AN ACCRUAL OF $100,000 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). GEOFFREY GARRETT: UNDER HIS EMPLOYMENT AGREEMENT, DEAN, MARSHALL SCHOOL OF BUSINESS, WAS ENTITLED TO A BONUS IN A GUARANTEED AMOUNT OF $150,000 DURING CALENDAR YEAR 2021 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AND WILL RECEIVE ANOTHER BONUS IN A GUARANTEED AMOUNT OF $150,000 IN CALENDAR YEAR 2022 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THE 2021 PAYMENT AMOUNT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II). FOR THE 2022 PAYMENT, A RATABLE ACCRUAL OF $50,000 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). STEVEN D. SHAPIRO: UNDER HIS EMPLOYMENT AGREEMENT, THE SENIOR VICE PRESIDENT OF HEALTH AFFAIRS WILL RECEIVE TWO BONUSES IN GUARANTEED AMOUNTS. A PAYMENT OF $1,000,000 IS SCHEDULED TO VEST AND BE PAYABLE IN JUNE 2022. ANOTHER PAYMENT OF AT LEAST $750,000 IS SCHEDULED TO VEST AND BE PAYABLE IN JUNE 2023. THE BONUSES ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. A RATABLE ACCRUAL OF $859,375 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). ROD HANNERS: DURING CALENDAR YEAR 2021, CEO OF KECK MEDICINE OF USC, PARTICIPATED IN A RETENTION PROGRAM. A PAYMENT OF $250,000 VESTED IN DECEMBER 2021 AND IS SCHEDULED TO BE PAID IN FEBRUARY 2022. ANOTHER PAYMENT OF $250,000 IS SCHEDULED TO VEST IN DECEMBER 2022 AND BE PAYABLE IN JANUARY 2023. THE RETENTION AWARDS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. A RATABLE ACCRUAL OF $37,500 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). AMY DIAMOND: UNDER HER EMPLOYMENT AGREEMENT, THE CHIEF INVESTMENT OFFICER WAS ENTITLED TO A BONUS IN A GUARANTEED AMOUNT OF $672,917 DURING CALENDAR YEAR 2021 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AND WILL RECEIVE ANOTHER BONUS IN A GUARANTEED AMOUNT OF AT LEAST $475,000 IN CALENDAR YEAR 2022 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THE 2021 PAYMENT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II). FOR THE 2022 PAYMENT, A RATABLE ACCRUAL OF $237,500 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). THE CHIEF INVESTMENT OFFICER IS ELIGIBLE TO RECEIVE AN ANNUAL AWARD DETERMINED BY PERFORMANCE AGAINST PRE-DESIGNATED TARGET BENCHMARKS. FIFTY PERCENT OF EACH ANNUAL INCENTIVE AWARD IS DEFERRED AND PAID AT THE END OF A TWO-YEAR DEFERRAL PERIOD AND IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THE PLAN IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. THERE WERE NO ACCRUALS DURING CALENDAR YEAR 2021. LOUIS VANDERMOLEN: DURING CALENDAR YEAR 2021, PROFESSOR OF CLINICAL MEDICINE, PARTICIPATED IN A RETENTION PROGRAM. A TOTAL OF $500,000 IS SCHEDULED TO VEST AND BE PAYABLE AT $100,000 PER YEAR FOR FIVE YEARS STARTING IN 2022 AND IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. FOR CALENDAR YEAR 2021, A RATABLE ACCRUAL OF $18,267 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). OTHER: IN 1994 USC CREATED A 457(F) SUPPLEMENTAL RETIREMENT PLAN TO PROVIDE MAKE-UP BENEFITS TO EMPLOYEES WHOSE COMPENSATION EXCEEDED THE EARNINGS LIMITATION FOR CONTRIBUTIONS TO THE USC DEFINED CONTRIBUTION RETIREMENT PLAN. AS OF JANUARY 1, 2005, THE PLAN WAS FROZEN AND PARTICIPANTS, WITH RESPECT TO FUTURE MAKE-UP BENEFITS, WERE NO LONGER PERMITTED TO DEFER THESE BENEFITS. |
| PART I, LINE 7: | CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II RECEIVED A MERIT BASED BONUS AND THE AMOUNT OF SUCH BONUSES ARE SHOWN ON SCHEDULE J, PART II, COLUMN (B)(II). SEE ALSO LINE 4B DISCLOSURE FOR AMY DIAMOND. |
| PART I, LINE 8: | THE CHIEF INVESTMENT OFFICER IS SERVING UNDER HER INITIAL CONTRACT WITH THE UNIVERSITY. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (14 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| AMBER MILLER | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $500,000 | $250,000 | false | Yes (true) | Yes (true) |
| AMBER MILLER | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $500,000 | $424,646 | false | Yes (true) | Yes (true) |
| CL NIKIAS | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $3,000,000 | $1,500,000 | false | Yes (true) | Yes (true) |
| TRACEY VRANICH | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $250,000 | $219,687 | false | Yes (true) | Yes (true) |
| TRACEY VRANICH | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $250,000 | $183,336 | false | Yes (true) | Yes (true) |
| AMY DIAMOND | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $1,000,000 | $1,000,000 | false | Yes (true) | Yes (true) |
| CHARLES ZUKOSKI | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $1,000,000 | $800,000 | false | Yes (true) | Yes (true) |
| GEOFFREY GARRETT | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $750,000 | $675,000 | false | Yes (true) | Yes (true) |
| KYLE HENLEY | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $500,000 | $486,675 | false | Yes (true) | Yes (true) |
| KYLE HENLEY | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $500,000 | $500,000 | false | Yes (true) | Yes (true) |
| STEVE SHAPIRO | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $1,500,000 | $1,466,232 | false | Yes (true) | Yes (true) |
| STEVE SHAPIRO | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $1,500,000 | $1,500,000 | false | Yes (true) | Yes (true) |
| FELICIA WASHINGTON | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $1,500,000 | $1,484,728 | false | Yes (true) | Yes (true) |
| FELICIA WASHINGTON | |||||||
| EMPLOYEE | HOUSING LOAN | Yes (X) | $1,220,000 | $1,220,000 | false | Yes (true) | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $11,710,304 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALEXANDRA GRADDY-REED | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | DAUGHTER OF FORMER OFFICER | RelationshipDescriptionTxt |
| Transaction | $173,148 | TransactionAmt |
| Transaction | USC EMPLOYEE | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $14,500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | APPRAISED VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Historical Treasures | ArtHistoricalTreasuresGrp | |
| Art Fractional Interest | ArtFractionalInterestGrp | |
| Books And Publications | BooksAndPublicationsGrp | |
| Clothing And Household Goods | ClothingAndHouseholdGoodsGrp | |
| Cars And Other Vehicles | CarsAndOtherVehiclesGrp | |
| Boats And Planes | BoatsAndPlanesGrp | |
| Intellectual Property | IntellectualPropertyGrp |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 255 | ContributionCnt |
| Noncash Contributions Rpt F990 | $28,047,334 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | HIGH-LOW AVERAGE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStockGrp | |
| Secur Prtnrshp Trust Intrsts | SecurPrtnrshpTrustIntrstsGrp | |
| Securities Miscellaneous | SecuritiesMiscellaneousGrp | |
| Qualified Contrib Hist Struct | QualifiedContribHistStructGrp | |
| Qualified Contrib Other | QualifiedContribOtherGrp | |
| Real Estate Residential | RealEstateResidentialGrp | |
| Real Estate Commercial | RealEstateCommercialGrp | |
| Real Estate Other | RealEstateOtherGrp | |
| Collectibles | CollectiblesGrp | |
| Food Inventory | FoodInventoryGrp | |
| Drugs And Medical Supplies | DrugsAndMedicalSuppliesGrp | |
| Taxidermy | TaxidermyGrp | |
| Historical Artifacts | HistoricalArtifactsGrp | |
| Scientific Specimens | ScientificSpecimensGrp | |
| Archaeological Artifacts | ArchaeologicalArtifactsGrp |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | EQUIPMENT | Desc |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $144,593 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 7 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN(B): | THE ORGANIZATION IS REPORTING: THE NUMBER OF ITEMS RECEIVED FOR LINE 1, ART - WORKS OF ART; THE NUMBER OF DONATIONS RECEIVED FOR LINE 9, SECURITIES - PUBLICLY TRADED; AND THE NUMBER OF ITEMS RECEIVED FOR LINE 25, EQUIPMENT. |
| PART I, LINE 32(A): | THE UNIVERSITY OF SOUTHERN CALIFORNIA UTILIZES BROKERAGE FIRMS TO SELL NON-CASH CONTRIBUTIONS THAT THE UNIVERSITY RECEIVES AS GIFTS AND THE PROCEEDS ARE REMITTED BACK TO THE UNIVERSITY. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, HEADING, ITEM B: | PART VII, SECTION B, INDEPENDENT CONTRACTORS, WAS REVISED DUE TO ADDITIONAL INFORMATION IDENTIFIED SUBSEQUENT TO THE FILING OF THE ORIGINAL FORM 990. THE LIST OF INDEPENDENT CONTRACTORS AND THE TOTAL NUMBER OF INDEPENDENT CONTRACTORS THAT RECEIVED MORE THAN $100,000 OF COMPENSATION WERE AMENDED. |
| FORM 990, PART I, LINE 1 AND PART III, LINE 1: | THE CENTRAL MISSION OF THE UNIVERSITY OF SOUTHERN CALIFORNIA IS THE DEVELOPMENT OF HUMAN BEINGS AND SOCIETY AS A WHOLE THROUGH THE CULTIVATION AND ENRICHMENT OF THE HUMAN MIND AND SPIRIT. THE PRINCIPAL MEANS BY WHICH OUR MISSION IS ACCOMPLISHED ARE TEACHING, RESEARCH, ARTISTIC CREATION, PROFESSIONAL PRACTICE, AND SELECTED FORMS OF PUBLIC SERVICE. OUR FIRST PRIORITY AS FACULTY AND STAFF IS THE EDUCATION OF OUR STUDENTS, FROM FRESHMEN TO POSTDOCTORALS, THROUGH A BROAD ARRAY OF ACADEMIC, PROFESSIONAL, EXTRACURRICULAR, AND ATHLETIC PROGRAMS OF THE FIRST RANK. THE INTEGRATION OF LIBERAL AND PROFESSIONAL LEARNING IS ONE OF USC'S SPECIAL STRENGTHS. WE STRIVE CONSTANTLY FOR EXCELLENCE IN TEACHING KNOWLEDGE AND SKILLS TO OUR STUDENTS, WHILE AT THE SAME TIME HELPING THEM TO ACQUIRE WISDOM AND INSIGHT, LOVE OF TRUTH AND BEAUTY, MORAL DISCERNMENT, UNDERSTANDING OF SELF, AND RESPECT AND APPRECIATION FOR OTHERS. RESEARCH OF THE HIGHEST QUALITY BY OUR FACULTY AND STUDENTS IS FUNDAMENTAL TO OUR MISSION. USC IS ONE OF A VERY SMALL NUMBER OF PREMIER ACADEMIC INSTITUTIONS IN WHICH RESEARCH AND TEACHING ARE INEXTRICABLY INTERTWINED, AND ON WHICH THE NATION DEPENDS FOR A STEADY STREAM OF NEW KNOWLEDGE, ART, AND TECHNOLOGY. OUR FACULTY ARE NOT SIMPLY TEACHERS OF THE WORKS OF OTHERS, BUT ACTIVE CONTRIBUTORS TO WHAT IS TAUGHT, THOUGHT, AND PRACTICED THROUGHOUT THE WORLD. USC IS PLURALISTIC, WELCOMING OUTSTANDING MEN AND WOMEN OF EVERY RACE, CREED, AND BACKGROUND. WE ARE A GLOBAL INSTITUTION IN A GLOBAL CENTER, ATTRACTING MORE INTERNATIONAL STUDENTS OVER THE YEARS THAN ANY OTHER AMERICAN UNIVERSITY. AND WE ARE PRIVATE, UNFETTERED BY POLITICAL CONTROL, STRONGLY COMMITTED TO ACADEMIC FREEDOM, AND PROUD OF OUR ENTREPRENEURIAL HERITAGE. AN EXTRAORDINARY CLOSENESS AND WILLINGNESS TO HELP ONE ANOTHER ARE EVIDENT AMONG USC STUDENTS, ALUMNI, FACULTY, AND STAFF; INDEED, FOR THOSE WITHIN ITS COMPASS THE TROJAN FAMILY IS A GENUINELY SUPPORTIVE COMMUNITY. ALUMNI, TRUSTEES, VOLUNTEERS, AND FRIENDS OF USC ARE ESSENTIAL TO THIS FAMILY TRADITION, PROVIDING GENEROUS FINANCIAL SUPPORT, PARTICIPATING IN UNIVERSITY GOVERNANCE, AND ASSISTING STUDENTS AT EVERY TURN. IN OUR SURROUNDING NEIGHBORHOODS AND AROUND THE GLOBE, USC PROVIDES PUBLIC LEADERSHIP AND PUBLIC SERVICE IN SUCH DIVERSE FIELDS AS HEALTH CARE, ECONOMIC DEVELOPMENT, SOCIAL WELFARE, SCIENTIFIC RESEARCH, PUBLIC POLICY, AND THE ARTS. WE ALSO SERVE THE PUBLIC INTEREST BY BEING THE LARGEST PRIVATE EMPLOYER IN THE CITY OF LOS ANGELES, AS WELL AS THE CITY'S LARGEST EXPORT INDUSTRY IN THE PRIVATE SECTOR. USC HAS PLAYED A MAJOR ROLE IN THE DEVELOPMENT OF SOUTHERN CALIFORNIA FOR MORE THAN A CENTURY AND PLAYS AN INCREASINGLY IMPORTANT ROLE IN THE DEVELOPMENT OF THE NATION AND THE WORLD. WE EXPECT TO CONTINUE TO PLAY THESE ROLES FOR MANY CENTURIES TO COME. THUS OUR PLANNING, COMMITMENTS AND FISCAL POLICIES ARE DIRECTED TOWARD BUILDING QUALITY AND EXCELLENCE IN THE LONG TERM. |
| FORM 990, PART I, LINE 6: | THE UNIVERSITY OF SOUTHERN CALIFORNIA HAS MANY VOLUNTEERS INCLUDING TRUSTEES, BUT DOES NOT FORMALLY TRACK THIS POPULATION. |
| FORM 990, PART IV, LINE 20A: | AS OF JANUARY 1, 2021, THE UNIVERSITY TRANSFERRED HOSPITAL OPERATIONS TO CONTROLLED AFFILIATES, WHICH ARE SEPARATE 501(C)(3) ORGANIZATIONS FORMED FOR THE PURPOSE OF OPERATING THE HOSPITALS, WHICH WERE PREVIOUSLY OPERATED AS DIVISIONS OF THE UNIVERSITY. EFFECTIVE WITH TRANSFER OF THE HOSPITAL LICENSES FROM THE UNIVERSITY: -KECK MEDICAL CENTER OF USC OPERATES BOTH KECK HOSPITAL AND NORRIS HOSPITAL, AND -USC VERDUGO HILLS HOSPITAL OPERATES VERDUGO HILLS HOSPITAL. AS THE HOSPITAL LICENSES WERE NOT HELD BY THE UNIVERSITY FOR ANY PORTION OF THE YEAR ENDED JUNE 30, 2022, THE FINANCIAL ACTIVITIES OF THE HOSPITALS MENTIONED ABOVE ARE NO LONGER REFLECTED IN USC'S FORM 990 AND THE UNIVERSITY IS NO LONGER REQUIRED TO FILE SCHEDULE H. |
| FORM 990, PART VI, LINE 1: | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS CHAIRED BY THE CHAIRMAN OF THE BOARD AND CONSISTS OF NO LESS THAN SEVEN AND NO MORE THAN TWENTY-FIVE VOTING MEMBERS OF THE BOARD. THE COMMITTEE IS ELECTED EACH YEAR BY THE BOARD OF TRUSTEES. WHEN THE BOARD IS NOT IN SESSION, THE EXECUTIVE COMMITTEE HAS ALL OF THE POWER AND AUTHORITY OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE IS NOT EMPOWERED TO: (I) FILL VACANCIES ON THE BOARD OR ON ANY COMMITTEE THAT HAS THE AUTHORITY OF THE BOARD; (II) FIX THE COMPENSATION OF THE BOARD MEMBERS FOR THEIR SERVICE AS MEMBERS OF THE BOARD OR ANY COMMITTEE; (III) AMEND OR REPEAL THE UNIVERSITY'S BYLAWS OR ADOPT NEW BYLAWS; (IV) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD WHICH BY ITS EXPRESS TERMS CANNOT BE SO AMENDED OR REPEALED; (V) APPOINT COMMITTEES OF THE BOARD OR THE MEMBERS THEREOF; (VI) AUTHORIZE THE EXPENDITURE OF CORPORATE FUNDS TO SUPPORT A NOMINEE FOR BOARD MEMBERSHIP AFTER THERE ARE MORE PEOPLE NOMINATED FOR BOARD MEMBERSHIP THAN CAN BE ELECTED; OR (VII) APPROVE ANY SELF-DEALING TRANSACTION EXCEPT AS PROVIDED BY LAW. |
| FORM 990, PART VI, LINE 2: | OFFICERS, TRUSTEES AND KEY EMPLOYEES SIT ON THE BOARD OF THE MAY DEWRIGHT TRUST: JAMES M. STATEN NARSING RAO SUZANNE NORA JOHNSON RICK J. CARUSO USC TRUSTEE ROBERT A. BRADWAY AND USC TRUSTEE RONALD D. SUGAR HAVE A BUSINESS RELATIONSHIP. USC TRUSTEE MARC R. BENIOFF AND USC TRUSTEE OSCAR MUNOZ HAVE A BUSINESS RELATIONSHIP. USC TRUSTEE STANELY P. GOLD AND USC TRUSTEE JEFFREY H. SMULYAN HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, LINE 4: | ON DECEMBER 8, 2021, THE ORGANIZATION'S BYLAWS WERE AMENDED TO ADD THE COMPENSATION COMMITTEE AS ONE OF THE ORGANIZATION'S TEN STANDING COMMITTEES OF THE BOARD. SEE PART VI LINE 15 FOR FURTHER DETAIL REGARDING THE POWERS AND DUTIES OF THE COMPENSATION COMMITTEE. ON JUNE 16, 2022, THE ORGANIZATION'S BYLAWS WERE AMENDED TO (I) CHANGE THE EFFECTIVE DATE OF TRUSTEE TERM AND AGE LIMITS AND (II) PROVIDE THAT THE ACADEMIC OFFICERS WHO WERE PREVIOUSLY SUBJECT TO THE IMMEDIATE DIRECTION OF ONLY THE PROVOST AND SENIOR VICE PRESIDENT, ACADEMIC AFFAIRS MAY ALSO OR INSTEAD BE SUBJECT TO IMMEDIATE DIRECTION OF THE SENIOR VICE PRESIDENT, HEALTH AFFAIRS AND (III) TO PROVIDE THAT THE SVP, HEALTH AFFAIRS WOULD ATTEND MEETINGS OF THE ACADEMIC AFFAIRS COMMITTEE AND THE STUDENT AFFAIRS COMMITTEE. |
| FORM 990, PART VI, LINE 11(B): | THE UNIVERSITY OF SOUTHERN CALIFORNIA'S FORM 990 IS REVIEWED AT SEVERAL LEVELS. THE UNIVERSITY ENGAGES AN EXTERNAL PUBLIC ACCOUNTING FIRM TO ASSIST IN THE PREPARATION AND REVIEW OF ITS FORM 990 AND TO SIGN AS PAID PREPARER. AMONG THOSE WHO CONDUCT THE REVIEW OF THE FINAL FORM 990 AT THE UNIVERSITY INCLUDE MANAGEMENT, EXTERNAL COUNSEL, AND THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE REVIEW OF FORM 990 IS CONDUCTED PRIOR TO IT BEING FILED AND A FINAL COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES BEFORE IT IS FILED. |
| FORM 990, PART VI, LINE 12: | THE UNIVERSITY HAS A CONFLICT OF INTEREST IN PROFESSIONAL AND BUSINESS PRACTICES POLICY AND PROCEDURE WHICH COVERS ALL COVERED EMPLOYEES AND THEIR CLOSE RELATIONS. A "COVERED EMPLOYEE" MEANS ALL FACULTY MEMBERS (INCLUDING PART-TIME AND VISITING FACULTY), STAFF AND OTHER EMPLOYEES (SUCH AS POSTDOCTORAL SCHOLARS), AND STUDENTS (INCLUDING POSTDOCTORAL FELLOWS AND GRADUATE STUDENTS) EMPLOYED OR OTHERWISE ENGAGED BY THE UNIVERSITY. THE POLICY CONTINUES TO APPLY TO COVERED EMPLOYEES WHILE ON SABBATICAL OR OTHER LEAVES OR ON VACATION, WHILE VISITING OTHER INSTITUTIONS, AND WHILE CONSULTING WITH EXTERNAL ENTITIES. A "CLOSE RELATION" MEANS SPOUSES, DOMESTIC PARTNERS, AND PARENTS, CHILDREN, SIBLINGS, AND EACH OF THEIR RESPECTIVE SPOUSES OR DOMESTIC PARTNERS. EACH COVERED EMPLOYEE OWES PROFESSIONAL LOYALTY TO THE UNIVERSITY AND MUST BE ALERT TO THE POSSIBILITY THAT OUTSIDE OBLIGATIONS, FINANCIAL INTERESTS, EMPLOYMENT, AND CERTAIN FAMILY OR INTIMATE RELATIONSHIPS CAN AFFECT THAT COMMITMENT. THEREFORE, ALL COVERED EMPLOYEES ARE RESPONSIBLE FOR DETERMINING WHETHER THEY, OR THEIR CLOSE RELATIONS, HAVE A CONFLICT OF INTEREST OR COMMITMENT COVERED BY THIS POLICY. BECAUSE NO POLICY CAN ANTICIPATE THE FULL RANGE OF OUTSIDE RELATIONSHIPS AND ACTIVITIES THAT MAY GIVE RISE TO CONFLICTS OF INTEREST OR COMMITMENT, COVERED EMPLOYEES MUST DISCLOSE ANY OUTSIDE RELATIONSHIP OR ACTIVITY THAT MAY GIVE THE APPEARANCE OF A CONFLICT AS SOON AS FEASIBLE AFTER DISCOVERY OF THE CONFLICT. THE UNIVERSITY MUST DETERMINE WHETHER A CONFLICT OF INTEREST AND/OR COMMITMENT IS MANAGEABLE BEFORE A COVERED EMPLOYEE IS ALLOWED TO UNDERTAKE THE ACTIVITY GIVING RISE TO THE CONFLICT. THE COVERED EMPLOYEE MUST COMPLY WITH ALL MEASURES PUT IN PLACE TO MANAGE, REDUCE, OR ELIMINATE CONFLICTS OF INTEREST. THIS INCLUDES ANY REQUIREMENT THAT THE COVERED EMPLOYEE PROVIDE A FOLLOW-UP DISCLOSURE AT A REASONABLE TIME INTERVAL TO PROVIDE AN UPDATE ON THE STATUS OF THE CONFLICT OF INTEREST OR COMMITMENT, AND HIS OR HER COMPLIANCE WITH THE MEASURES PUT IN PLACE TO MANAGE THE CONFLICT. ALL DISCLOSURES AS WELL AS DECISIONS ON HOW TO MANAGE THE CONFLICT SHOULD BE DOCUMENTED AND MAINTAINED BY THE PERSON OR COMMITTEE TO WHOM DISCLOSURE IS MADE, AS PROVIDED FOR IN THE POLICY. THE POLICY DOES NOT PRECLUDE THE SENIOR VICE PRESIDENT, PROVOST, OR DEAN, AS APPROPRIATE, FROM REQUIRING A COVERED EMPLOYEE TO PROVIDE ADDITIONAL CONFLICT OF INTEREST OR COMMITMENT INFORMATION OR TO DO SO ON A MORE FREQUENT BASIS (E.G., BI-ANNUALLY). IF A COVERED EMPLOYEE HAS ANY QUESTIONS ABOUT WHETHER AN OUTSIDE ACTIVITY MUST BE DISCLOSED, THE COVERED EMPLOYEE SHOULD CONSULT WITH HIS OR HER SUPERVISOR OR CONTACT THE OFFICE OF COMPLIANCE FOR GUIDANCE. SUPERVISORS WHO BECOME AWARE THAT COVERED EMPLOYEES UNDER THEIR SUPERVISION HAVE CONFLICTS OF INTEREST OR COMMITMENT COVERED BY THIS POLICY ARE OBLIGATED TO ENSURE THAT THE CONFLICT IS APPROPRIATELY DISCLOSED. IN ADDITION TO THE PROCEDURES SET FORTH IN THE UNIVERSITY'S CONFLICT OF INTEREST IN PROFESSIONAL AND BUSINESS PRACTICES POLICY, USC'S PROCUREMENT SERVICES DEPARTMENT MAY IDENTIFY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST OR COMMITMENT IN THE COURSE OF PERFORMING ITS DUTIES. IN THE EVENT THAT PROCUREMENT SERVICES IDENTIFIES AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST OR COMMITMENT, IT REQUIRES THE COVERED EMPLOYEE TO MAKE A DISCLOSURE UNDER THE CONFLICT OF INTEREST IN PROFESSIONAL AND BUSINESS PRACTICES POLICY, AND VERIFIES THAT ALL ACTUAL CONFLICTS ARE MANAGED BEFORE PROCEEDING. DEPENDING UPON THE CONFLICT, PROCUREMENT SERVICES MAY ALSO REFER THE ISSUE TO THE SENIOR VICE PRESIDENT FOR ADMINISTRATION OR HIS OR HER DESIGNEE, FOR RESOLUTION. PROCUREMENT SERVICES MAY SUSPEND ANY FURTHER ACTION ON THE REQUEST THAT INITIATED THE DISCLOSURE UNTIL SUCH TIME AS THE CONFLICT IS MANAGED. IN ADDITION TO THE PROCEDURES SET FORTH ABOVE, A UNIVERSITY FACULTY MEMBER OR NON-FACULTY EMPLOYEE IS REQUIRED TO OBTAIN THE PRIOR WRITTEN APPROVAL FROM THE PROVOST AND SENIOR VICE PRESIDENT FOR ACADEMIC AFFAIRS OR SENIOR VICE PRESIDENT FOR ADMINISTRATION BEFORE HE OR SHE MAY ENDORSE OR AUTHORIZE ENDORSEMENT OF ANY PRODUCT OR SERVICE ON BEHALF OF THE UNIVERSITY. FAILURE TO DISCLOSE AND MANAGE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST UNDER THIS POLICY, INCLUDING THE EXPECTATIONS DETAILED ABOVE ABOUT WHAT AN INDIVIDUAL SHOULD OR SHOULD NOT DO, MAY BE CAUSE FOR DISCIPLINARY ACTION, WHICH MAY RESULT IN DISCIPLINE, UP THROUGH AND INCLUDING TERMINATION. FOR FACULTY, SUCH ACTION SHALL OBSERVE ALL PROVISIONS OF THE POLICIES PUBLISHED IN THE FACULTY HANDBOOK. ANY DISCIPLINARY ACTION AGAINST A FACULTY MEMBER OR NON-FACULTY EMPLOYEE UNDER THIS POLICY MUST TAKE INTO ACCOUNT THE SCALE OF THE OFFENSE, THE INDIVIDUAL'S INTENT, AND THE DEGREE OF WRONGDOING. THE UNIVERSITY MAINTAINS A CONFLICT OF INTEREST POLICY FOR MEMBERS OF THE BOARD OF TRUSTEES. IN GENERAL, THE POLICY REQUIRES THAT A TRUSTEE MUST AVOID USING HIS OR HER POSITION FOR PERSONAL GAIN OR ADVANTAGE, OR TO OBTAIN A FAVORED STATUS FOR ANY SPECIAL GROUP, BUSINESS, OR FAMILY ENTITY WITH WHICH THE TRUSTEE IS AFFILIATED. THE POLICY APPLIES TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES. A TRUSTEE WILL CONTINUE TO BE SUBJECT TO THE POLICY FOR FIVE YEARS AFTER LEAVING THE BOARD. IF A TRUSTEE BECOMES AWARE OF A FINANCIAL INTEREST THAT MAY BE MATERIAL, HE OR SHE IS REQUIRED TO IMMEDIATELY DISCLOSE THAT FINANCIAL INTEREST TO THE CHAIRMAN OF THE BOARD. SUCH DISCLOSURE IS IN ADDITION TO THE REQUIRED ANNUAL DISCLOSURES. - AFTER CONDUCTING A REASONABLE INVESTIGATION UNDER THE CIRCUMSTANCES, WHICH SHOULD INCLUDE AN ANALYSIS OF COMPARABLE ARRANGEMENTS OR TRANSACTIONS OR THE RECEIPT OF AN OPINION FROM AN EXPERT IN THE RELEVANT FIELD, THE BOARD SHOULD DETERMINE IN GOOD FAITH WHETHER USC COULD OBTAIN A MORE ADVANTAGEOUS FINANCIAL ARRANGEMENT OR TRANSACTION WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. - IN ADDITION, THE BOARD SHOULD DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS, WITH KNOWLEDGE OF THE MATERIAL FACTS CONCERNING THE FINANCIAL ARRANGEMENT OR TRANSACTION AND THE TRUSTEE'S FINANCIAL INTEREST IN THE ARRANGEMENT OR TRANSACTION, WHETHER THE ARRANGEMENT OR TRANSACTION IS IN USC'S BEST INTEREST, FOR ITS OWN BENEFIT AND IS FAIR AND REASONABLE TO USC. THE BOARD SHOULD MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE ARRANGEMENT OR TRANSACTION IN CONFORMITY WITH SUCH DETERMINATION. - SHOULD THE BOARD APPROVE THE FINANCIAL ARRANGEMENT OR TRANSACTION IN QUESTION, THE TRUSTEE WHO HAS A CONFLICT OF INTEREST WILL BE REQUIRED TO ACT IN GOOD FAITH AND WITH FAIRNESS, AND TO REFRAIN FROM EXERTING UNDUE PRESSURE OR INFLUENCE. IN THE BOARD'S DISCRETION, IT MAY ALSO REQUIRE SUCH TRUSTEE TO BE SUBJECT TO THE OVERSIGHT OF A DISINTERESTED TRUSTEE. THIS POLICY HAS BEEN APPROVED BY THE BOARD. |
| FORM 990, PART VI, LINE 15: | THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT, OFFICERS AND KEY EMPLOYEES IS DETERMINED ANNUALLY USING THE SAFE HARBOR PROCESS DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. NAMELY, A COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES TAKES THE FOLLOWING THREE STEPS: (1) IT ENSURES THAT NO MEMBER OF THE COMMITTEE HAS A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT BEING REVIEWED, (2) IT LOOKS TO COMPARABILITY DATA AND SPECIALIZED COMPENSATION REPORTS (AND IN SOME CASES OPINIONS) PREPARED FOR THE UNIVERSITY BY INDEPENDENT COMPENSATION CONSULTANTS WITH RESPECT TO SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILARLY SITUATED UNIVERSITIES, AND (3) IT MAINTAINS A CONTEMPORANEOUS RECORD OF ITS DELIBERATIONS AND DECISIONS. |
| FORM 990, PART VI, LINE 19: | THE UNIVERSITY MAKES ITS BYLAWS, FINANCIAL STATEMENTS/ANNUAL REPORT, CONFLICT OF INTEREST IN PROFESSIONAL AND BUSINESS PRACTICES, AND CONFLICT OF INTEREST IN RESEARCH POLICIES AVAILABLE TO THE GENERAL PUBLIC ON THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART VII, SECTION A: | THE 2 HOURS NOTED FOR EACH TRUSTEE REPRESENTS A STANDARD ESTIMATE OF HOURS DEVOTED TO SERVING AS TRUSTEE. THE TITLE FOR STEVEN D. SHAPIRO IS SENIOR VICE PRESIDENT, HEALTH AFFAIRS; AND INTERIM DEAN, KECK SCHOOL OF MEDICINE OF USC (AS OF 7/1/2021). THE TITLE FOR CHRYSOSTOMOS L. NIKIAS IS FORMER PRESIDENT (UNTIL 8/7/18) AND PROFESSOR OF ENGINEERING AND CLASSICS. THE TITLE FOR CHARLES F. ZUKOSKI IS PROVOST AND SENIOR VICE PRESIDENT, ACADEMIC AFFAIRS. THE TITLE FOR LAURA MOSQUEDA IS FORMER DEAN, KECK SCHOOL OF MEDICINE OF USC (UNTIL 9/15/2020); AND PROFESSOR OF FAMILY MEDICINE AND GERIATRICS, KECK SCHOOL OF MEDICINE OF USC (AS OF 9/16/2020). THE TITLE FOR GLENN OSAKI IS FORMER SENIOR VICE PRESIDENT AND CHIEF COMMUNICATIONS OFFICER (UNTIL 3/14/21) AND SENIOR ADVISOR, INTERNATIONAL MARKETING AND COMMUNICATIONS (AS OF 3/15/21). THE TITLE FOR TRACEY VRANICH IS INTERIM SENIOR VICE PRESIDENT, UNIVERSITY ADVANCEMENT. THE TITLE FOR AMBER MILLER IS DEAN, USC DORNSIFE COLLEGE OF LETTERS, ARTS AND SCIENCES. THE TITLE FOR GARETH JAMES IS FORMER INTERIM DEAN, USC MARSHALL SCHOOL OF BUSINESS (AS OF 7/1/19 UNTIL 6/30/20). THE TITLE FOR MICHAEL QUICK IS FORMER PROVOST & SENIOR VICE PRESIDENT, ACADEMIC AFFAIRS (UNTIL 6/30/19). THE TITLE FOR ELIZABETH GRADDY IS FORMER INTERIM PROVOST AND SVP, ACADEMIC AFFAIRS (AS OF 7/1/19 UNTIL 9/30/19). THE TITLE FOR LISA MAZZOCCO IS FORMER CHIEF INVESTMENT OFFICER (UNTIL 10/14/20) AND FORMER SPECIAL ADVISOR TO THE PRESIDENT (AS OF 10/15/20 UNTIL 12/31/20). THE TITLE FOR DAVID BROWN IS FORMER INTERIM SENIOR VICE PRESIDENT, UNIVERSITY RELATIONS (UNTIL 2/10/20). THE TITLE FOR DANI BYRD IS FORMER INTERIM DEAN, USC DORNSIFE COLLEGE OF LETTERS, ARTS, AND SCIENCES (UNTIL 8/15/16). |
| FORM 990, PART XI, LINE 9: | ADJUSTMENT FOR FINANCIAL STATEMENT REVISIONS: ($132,389,384) PRESENT VALUE ADJUSTMENT TO TRUST LIABILITY: $869,988 -------------- TOTAL ($131,519,396) |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| USC GATEWAY LLC | |||||||||
| UNIVERSITY GARDENS - UGB203 | LOS ANGELES | CA | 90089 | 202108058 | PROPERTY MGMT | CA | $0 | $0 | USC |
| USC VERDUGO HILLS HOSPITAL LLC | |||||||||
| UNIVERSITY GARDENS - UGB205 | LOS ANGELES | CA | 90089 | 800912056 | ACUTE CARE | CA | $0 | $0 | USC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (16 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| AE MANN INSTIT FOR BIOMEDICAL ENGINEER | ||||||||||
| c/o USC UGB203 | LOS ANGELES | CA | 90089 | 954684347 | BIOMEDICAL | DE | 501(C)(3) | 12C | NA | false |
| ICT PRODUCTIONS INC | ||||||||||
| C/O USC UGB203 | LOS ANGELES | CA | 90089 | 954843260 | EDUC. MEDIA | CA | 501(C)(3) | 12A | USC | Yes (true) |
| LORD FOUNDATION OF CALIFORNIA | ||||||||||
| C/O USC UGB203 | LOS ANGELES | CA | 90089 | 953168340 | USC SUPPORT | CA | 501(C)(3) | 12A | USC | Yes (true) |
| DAVID X MARKS FOUNDATION | ||||||||||
| C/O USC UGB203 | LOS ANGELES | CA | 90089 | 956034304 | USC SUPPORT | CA | 501(C)(3) | 12A | USC | Yes (true) |
| USC CARE MEDICAL GROUP INC | ||||||||||
| 1510 SAN PABLO ST SUITE 649 | LOS ANGELES | CA | 90033 | 954540991 | MANAGED CARE | CA | 501(C)(3) | 10 | USC HEALTH | Yes (true) |
| SURVIVORS OF SHOAH VISUAL HISTORY FDN | ||||||||||
| C/O USC 650 W 35TH ST | LOS ANGELES | CA | 90089 | 954474965 | EDUC. MEDIA | CA | 501(C)(3) | 7 | USC | Yes (true) |
| PACIFIC-12 CONFERENCE | ||||||||||
| 1350 TREAT BOULEVARD | WALNUT CREEK | CA | 94597 | 941459048 | USC SUPPORT | CA | 501(C)(3) | 12A | NA | false |
| THE ASC TRUST AT USC | ||||||||||
| C/O R FOX 1500 MARKET STREET | PHILADELPHIA | PA | 19102 | 776216147 | USC SUPPORT | PA | 501(C)(3) | 12D | NA | false |
| USC VERDUGO HILLS HOSPITAL FOUNDATION | ||||||||||
| 1812 VERDUGO BLVD | GLENDALE | CA | 91208 | 953247823 | USC SUPPORT | CA | 501(C)(3) | 12A | VHH | Yes (true) |
| NAT'L HLTHCRE RESEARCH & EDUC FINANCE CO | ||||||||||
| 1445 ROSS AVENUE STE 3800 | DALLAS | TX | 75202 | 311707979 | USC SUPPORT | TX | 501(C)(3) | 12C | NA | false |
| ALBEDO INSURANCE COMPANY IC | ||||||||||
| UNIVERSITY GARDENS UGB203 | LOS ANGELES | CA | 90089 | 851454978 | USC SUPPORT | VT | 501(C)(3) | 12A | USC | Yes (true) |
| USC CAPTIVE INSURANCE COMPANY | ||||||||||
| UNIVERSITY GARDENS UGB203 | LOS ANGELES | CA | 90089 | 851454519 | USC SUPPORT | VT | 501(C)(3) | 12A | USC | Yes (true) |
| GENERAL LIABILITY DEFENSE IC | ||||||||||
| UNIVERSITY GARDENS UGB203 | LOS ANGELES | CA | 90089 | 851472543 | USC SUPPORT | VT | 501(C)(3) | 12A | USC | Yes (true) |
| USC HEALTH SYSTEM | ||||||||||
| 1510 SAN PABLO STREET | LOS ANGELES | CA | 90089 | 850666499 | USC SUPPORT | CA | 501(C)(3) | 12A | USC | Yes (true) |
| KECK MEDICAL CENTER OF USC | ||||||||||
| 1510 SAN PABLO STREET | LOS ANGELES | CA | 90033 | 851644866 | HOSPITAL | CA | 501(C)(3) | 3 | USC HEALTH | Yes (true) |
| USC VERDUGO HILLS HOSPITAL | ||||||||||
| 1812 VERDUGO BOULEVARD | GLENDALE | CA | 91208 | 851634852 | HOSPITAL | CA | 501(C)(3) | 3 | USC HEALTH | Yes (true) |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | UBI Code VUBICodeVAmt | EINEIN | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USCSCA SURGICAL HOLDINGS LLC | ||||||||||||||
| 1510 SAN PABLO ST | LOS ANGELES | CA | 90033 | HOLDING COMPANY | CA | USC | RELATED | $0 | ||||||
| KECK MED OF USC AND HENRY MAYO NEWHALL | ||||||||||||||
| 1441 Eastlake Ave | LOS ANGELES | CA | 90033 | HEALTHCARE SRVS | CA | NA | $0 | 853779519 | ||||||
| SUMMERTIME APARTMENTS | ||||||||||||||
| 3990 RUFFIN ROAD SUITE 100 | SAN DIEGO | CA | 92123 | HOUSING | CA | USC | RELATED | $0 | 330167146 | $159,972 | $3,822,214 | false | false | 0.64350 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MAY ROBERTS DEWRIGHT TRUST | ||||||||||||
| UNIVERSITY GARDENS - UGB203 | LOS ANGELES | CA | 900898003 | 956284845 | USC SUPPORT | CA | USC | T | $1,453,954 | $8,169,595 | 1.00000 | Yes (true) |
| INTEGRATED DIGITAL ASSET CORPORATION | ||||||||||||
| UNIVERSITY GARDENS - UGB203 | LOS ANGELES | CA | 900898003 | 954680904 | 3RD PARTY CON | CA | USC | C | $0 | $0 | 1.00000 | Yes (true) |
| CHARITABLE REMAINDER TRUST (389) | ||||||||||||
| SEE PART VII FOR COLUMN C | SEE PART VII | CA | 90089 | FUNDRAISING | USC | T | Yes (true) | |||||
| POOLED INCOME FUND (1) | ||||||||||||
| FUNDRAISING | CA | USC | T | Yes (true) | ||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (13 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| USC CARE MEDICAL GROUP INC | ||
| P | $1,506,815 | FMV |
| USC CARE MEDICAL GROUP INC | ||
| N | $422,047 | FMV |
| USC CARE MEDICAL GROUP INC | ||
| M | $2,389,680 | FMV |
| KECK MEDICAL CENTER OF USC | ||
| P | $47,872,261 | FMV |
| KECK MEDICAL CENTER OF USC | ||
| N | $34,181,078 | FMV |
| KECK MEDICAL CENTER OF USC | ||
| R | $18,306,230 | FMV |
| KECK MEDICAL CENTER OF USC | ||
| M | $10,570,739 | FMV |
| VERDUGO HILLS HOSPITAL | ||
| P | $2,220,179 | FMV |
| VERDUGO HILLS HOSPITAL | ||
| M | $2,530,982 | FMV |
| DAVID X MARKS FOUNDATION | ||
| C | $1,631,600 | FMV |
| MAY ROBERTS DEWRIGHT TRUST | ||
| A | -$2,175,971 | FMV |
| MAY ROBERTS DEWRIGHT TRUST | ||
| C | $855,342 | FMV |
| ALBEDO INSURANCE COMPANY IC | ||
| Q | $37,042,725 | FMV |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, LINE 4, COLUMN (C) | FormAndLineReferenceDesc |
| Explanation | THE LEGAL DOMICILES OF THE CHARITABLE REMAINDER TRUSTS INCLUDE: CA, CO, FL, GA, HI, IN, MA, NV, PA, AND WA. | ExplanationTxt |