2025-05-14T14:04:44-05:00 2024-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-07-01 953909672 SOKA UNIVERSITY OF AMERICA SOKA 9494804000 1 UNIVERSITY DRIVE ALISO VIEJO CA 92656 ARCHIBALD E ASAWA VP FIN & ADM/CFO/CIO 9494804000 2025-05-15 1 1 LAUREN A HAVERLOCK P00545829 8586271400 2023 2025-03-06 01:10:19Z EDWARD FEASEL 1 UNIVERSITY DRIVE ALISO VIEJO CA 92656 314770082 0 X WWW.SOKA.EDU X 1984 CA TO FOSTER A STEADY STREAM OF GLOBAL CITIZENS COMMITTED TO LIVING A CONTRIBUTIVE LIFE. SEE SCH O. 15 14 653 107 465092 0 7598511 5666716 22109348 24493962 9125899 54528738 1340024 1477943 40173782 86167359 15937963 18198811 0 0 33176084 34683755 0 0 1400714 54366487 58273556 103480534 111156122 -63306752 -24988763 1786852619 1857444690 6970758 6064546 1779881861 1851380144 X THE MISSION OF SOKA UNIVERSITY OF AMERICA IS TO FOSTER A STEADY STREAM OF GLOBAL CITIZENS COMMITTED TO LIVING A CONTRIBUTIVE LIFE. CONTINUED ON SCHEDULE O. 0 0 67308947 17779123 23400876 BACHELOR OF ARTS DEGREE IN LIBERAL ARTS WITH CONCENTRATIONS IN ENVIRONMENTAL STUDIES, HUMANITIES, INTERNATIONAL STUDIES, AND SOCIAL AND BEHAVIORAL SCIENCES (469 STUDENTS). SEE ADDITIONAL INFORMATION ON SCHEDULE O. 2104597 419688 587597 MASTERS OF ARTS: GRADUATE PROGRAM IN EDUCATIONAL LEADERSHIP AND SOCIETAL CHANGE (12 STUDENTS). SEE ADDITIONAL INFORMATION ON SCHEDULE O. 1557349 0 505489 EXTENDED BRIDGE PROGRAM AND ENGLISH AS A SECOND LANGUAGE (ESL) PROGRAM SERVICES (10 STUDENTS). SEE ADDITIONAL INFORMATION ON SCHEDULE O. 70970893 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 241 0 1 653 1 1 1 0 0 0 0 1 1 1 6 0 0 0 0 0 X 15 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ARCHIBALD ASAWA 9494804000 1 UNIVERSITY DRIVE ALISO VIEJO CA 926568081 STEPHEN S DUNHAM JD TRUSTEE-CHAIR 1.00 0.00 X X 0 0 0 TARIQ HASAN PHD TRUSTEE-VICE CHAIR 1.00 0.00 X X 0 0 0 YOSHIKI TANIGAWA TRUSTEE, SOKA GAKKAI 1.00 40.00 X 0 96242 0 ADIN STRAUSS CFA TRUSTEE 1.00 0.00 X 0 0 0 ANDREA BARTOLI PHD TRUSTEE 1.00 0.00 X 0 0 0 ANDY FIROVED TRUSTEE 1.00 0.00 X 0 0 0 CLOTHILDE V HEWLETT JD TRUSTEE 1.00 0.00 X 0 0 0 GENE O'CONNELL RN MS TRUSTEE 1.00 0.00 X 0 0 0 JASON GOULAH PHD TRUSTEE 1.00 0.00 X 0 0 0 KAREN K LEWIS PHD TRUSTEE 1.00 0.00 X 0 0 0 KRIS D KNUDSEN JD TRUSTEE 1.00 0.00 X 0 0 0 LARRY A HICKMAN PHD TRUSTEE 1.00 0.00 X 0 0 0 LAWRENCE E CARTER SR PHD TRUSTEE 1.00 0.00 X 0 0 0 LUIS NIEVES TRUSTEE 1.00 0.00 X 0 0 0 MATILDA BUCK TRUSTEE 1.00 0.00 X 0 0 0 EDWARD FEASEL PRESIDENT/PROF OF ECONOMICS 40.00 0.10 X 528500 0 71810 ARCHIBALD E ASAWA EVP FIN & ADM/CFO/CHIEF INVEST OFFCR 40.00 0.10 X 357280 0 49170 TOMOKO TAKAHASHI VP INST'L RES & ASSMT/DEAN GRADUATE 40.00 0.00 X 293441 0 36332 BRYAN PENPRASE VP OF SPONSORED RES/EXTERNAL ACADEMIC 40.00 0.00 X 217122 0 48261 MICHAEL WEINER VP OF ACADEMIC AFFAIRS 40.00 0.00 X 260417 0 145857 KATHERINE STAPCHUK VP HUMAN RESOURCES/RISK MGMT 40.00 0.00 X 244650 0 43716 DAVID WELCH VP AND UNIVERSITY COUNSEL 40.00 0.00 X 196185 0 25114 DAVID M NAKABAYASHI CONTROLLER & ASST TREASURER 40.00 0.00 X 173993 0 25887 HIROKI SAKAI CORP SECRETARY 40.00 0.00 X 148812 0 27510 KEVIN MONCRIEF VP OF MISSION INTEGRATION 40.00 0.00 X 185283 0 19897 JONATHAN MERZEL PROF. OF MATHEMATICS 40.00 0.00 X 196118 0 20730 JOHN HEFFRON PROF. OF EDUCATIONAL HISTORY & CULTURE 40.00 0.00 X 200065 0 172846 ROBERT ALLINSON PROFESSOR OF PHILOSOPHY 40.00 0.00 X 194154 0 56869 ROBERT HAMERSLEY DEAN OF FACULTY 40.00 0.00 X 213892 0 61291 JOHN MIN DIRECTOR OF INFORMATION TECHNOLOGY 40.00 0.00 X 194750 0 37130 3604662 96242 842420 85 0 1 0 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 022412015 INVEST. MANAGEMENT 1595746 CLUNE CONSTRUCTION COMPANY LP 10 S RIVERSIDE PLZ STE 2200 CHICAGO IL 606063700 CONSTRUCTION - REPAIR AND MAINTENANCE 715725 MOSS ADAMS LLP PO BOX 101822 PASADENA CA 911891822 AUDIT SERVICES 315892 SOUTH COAST MEDICAL GROUP FAMILY & SPORT 5 JOURNEY 130 ALISO VIEJO CA 926565330 MEDICAL SERVICES 312290 IRENE'S EVENTS 26439 RANCHO PKWY S SUITE 125 LAKE FOREST CA 926308338 EVENT RENTALS AND SERVICES 226934 6 1590539 400000 184150 3492027 47042 5666716 TUITION & FEES 611710 17333017 17333017 ROOM & BOARD 721000 6175119 6175119 OTHER AUXILIARY 721000 985826 985826 24493962 17815638 465092 17350546 880923 243034 637889 637889 637889 264817033 228103933 36713100 36713100 36713100 122603 1590539 215811 -93208 -93208 74131 39945 34186 34186 PERFORMING ARTS CENTER 711130 593708 593708 305368 305368 899076 86167359 24493962 465092 55541589 18198811 18198811 3090227 812089 2278138 28341 28341 22799350 16311464 5878526 609360 2003208 1464175 480458 58575 4972811 3354403 1471647 146761 1789818 1204400 540680 44738 62687 62687 279557 279557 12685294 12685294 2793824 856380 1888447 48997 1107513 100449 858683 148381 2965523 1774832 1084851 105840 2778923 189477 2588958 488 13752192 11048164 2682085 21943 866431 502658 360288 3485 338446 173828 164618 12770954 10146585 2604217 20152 2098591 318 2098273 FOOD SERVICES 2889035 2647108 148351 93576 STUDY ABROAD 2075086 2075086 EVENTS EXPENSE 596752 60389 438648 97715 212748 50277 161768 703 111156122 70970893 38784515 1400714 46396 2586754 10968395 13697904 370000 504000 300000 300000 3132480 3865980 79392 438631 372839 546308163 227553867 331324130 318754296 146653968 129320948 1283009904 1376779789 5904398 6478471 4704317 4704317 1786852619 1857444690 6200431 5408062 15789 756711 638808 13616 1887 6970758 6064546 X 507711861 496758298 1272170000 1354621846 1779881861 1851380144 1786852619 1857444690 X -24988763 97445070 -958024 X 0 1 X 1 1 1 X 7646046 11522906 8404315 7598511 5666716 40838494 7646046 11522906 8404315 7598511 5666716 40838494 272984 40565510 10470023 9915193 15788315 13532330 18231469 67937330 154929 224570 489032 805547 899076 2573154 111348978 102196794 0.36430 0.39160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ALL OTHER REVENUE - 2019 AMOUNT: $ 154,929. 2020 AMOUNT: $ 224,570. 2021 AMOUNT: $ 489,032. 2022 AMOUNT: $ 805,547. 2023 AMOUNT: $ 899,076. SUPPORT SCHEDULE: FORM 990, SCHEDULE A, PART II: SOKA UNIVERSITY IS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). HOWEVER, IT IS COMPLETING PART II TO DEMONSTRATE THAT IT QUALIFIES FOR THE SPECIAL RULES ALLOWED ON SCHEDULE B AND MEETS THE 33 1/3% SUPPORT TEST OF THE REGULATIONS UNDER SECTIONS 509(A)(1) ON 170(B)(1)(A)(VI). THUS SOKA UNIVERSITY IS CONSIDERED TO BE NORMALLY 33 1/3% PUBLICLY SUPPORTED UNDER REGULATION SECTION 1.170A(F)(4)(I). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 4704317 X X X X 1 1444064744 9802880 140906056 7400000 50723765 12685294 1523964621 1400587228 7014461 98952209 6800000 45707346 9981808 1444064744 1564125245 8352634 -112787014 6400000 40600000 12103637 1400587228 1231957607 11276742 372727464 6300000 38200000 7336567 1564125245 1270123421 6435238 27892668 6100000 60400000 5993720 1231957607 0.11112 0.53709 0.35179 0 0 44634547 44634547 470025049 199330074 270694975 25150170 21818047 3332123 6498397 6405746 92651 318754296 U.S. EQUITY SEC. FUNDS 301787419 F GLOBAL EQUITY FUNDS 129726053 F EMERGING MARKET FUNDS 124796939 F BOND FUNDS 185903460 F HEDGE FUNDS & PRIVATE INVESTMENTS 634565918 F 1376779789 BOOKSTORE GIFT CERTIFICATE LIABILITY 1887 1887 X 152807000 97445070 43906 498790 97987766 54819234 12685294 18662831 31348125 86167359 81304000 43906 988348 1032254 80271746 12685294 18199082 30884376 111156122 PART III, LINE 4: A VARIETY OF PAINTINGS, SCULPTURES AND RARE BOOKS ARE AVAILABLE FOR RESEARCH AND LOANING AS A PUBLIC BENEFIT. PART V, LINE 4: THE ENDOWMENT PROCEEDS FUND SCHOLARSHIPS, UNIVERSITY OPERATIONS, CAPITAL RENEWAL, ACADEMIC RESEARCH AND SUPPORT FOR CLASSROOMS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. HOWEVER, THE UNIVERSITY IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS; NO UNCERTAIN TAX POSITIONS WERE IDENTIFIED AS OF JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 243,034. SPECIAL EVENT EXPENSES 215,811. COST OF GOODS SOLD 39,945. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 18,198,811. K-1 PASSTHROUGH 465,092. ROUNDING -1,072. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 243,034. SPECIAL EVENT EXPENSE 215,811. COST OF GOODS SOLD 39,945. BAD DEBT EXPENSE 489,558. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 18,198,811. ROUNDING 271. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SOKA UNIVERSITY PUBLISHES ITS NONDISCRIMINATORY POLICY IN THE NEWSPAPER IN ORDER TO MAKE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. SCHEDULE E, PART I, LINE 6 U.S. DEPARTMENT OF EDUCATION FEDERAL PELL GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, AND FEDERAL WORK STUDY. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 81 PROGRAM SERVICES STUDY ABROAD AND LEARNING CLUSTER 1248850 EAST ASIA AND THE PACIFIC 0 50 PROGRAM SERVICES STUDY ABROAD 883948 SUB-SAHARAN AFRICA 0 5 PROGRAM SERVICES STUDY ABROAD 111983 CENTRAL AMERICA AND THE CARIBBEAN 0 6 PROGRAM SERVICES STUDY ABROAD 87685 SOUTH AMERICA 0 14 PROGRAM SERVICES STUDY ABROAD AND LEARNING CLUSTER 68015 NORTH AMERICA - CANADA AND MEXICO 0 2 PROGRAM SERVICES STUDY ABROAD 33820 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 687124533 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 15344274 0 158 0 0 0 158 704903108 0 704903108 1 0 1 1 1 0 PART I, LINE 3: THE EXPENSES REPORTED ON PART I WERE COMPILED ON THE ACCRUAL BASIS OF ACCOUNTING. PEACE GALA 1713142 1590539 122603 104526 84723 8500 18062 1713142 1590539 122603 104526 84723 8500 18062 215811 -93208 1 INSTITUTIONAL GRANT 423 12014197 INSTITUTIONAL GRANT - MERIT SCHOLARSHIP 481 5390599 INSTITUTIONAL GRANT - RESIDENTIAL AWARDS 11 152812 INSTITUTIONAL GRANT - OTHER AWARDS 26 16174 FEDERAL WORK STUDY 32 29083 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT 51 24065 FEDERAL PELL GRANT PROGRAM 95 524775 FWS & FSEOG (UNIVERSITY MATCHING) 51 47106 PART I, LINE 2: IN THE UNITED STATES SOKA UNIVERSITY OF AMERICA SERVES AS A CONDUIT TO RECEIVE AND DISBURSE STUDENT AID FUNDS FROM GOVERNMENTAL AGENCIES SUCH AS THE DEPARTMENT OF EDUCATION UNDER THE FOLLOWING PROGRAMS: - FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT - FEDERAL PELL AWARD GRANT PROGRAM - FEDERAL WORK STUDY* - GI BILL INSTITUTIONAL GRANTS ARE AWARDED BY SOKA UNIVERSITY OF AMERICA TO ELIGIBLE STUDENTS WHO MEET SPECIFIC ACADEMIC AND ACHIEVEMENT CRITERIA. THE PURPOSES OF THESE GRANTS ARE CLEARLY COMMUNICATED TO THE RECIPIENTS AND ARE INTERNALLY USED FOR EDUCATIONAL PURPOSES. X X X X 0 0 0 0 0 0 0 0 0 EDWARD FEASEL PRESIDENT/PROF OF ECONOMICS 528500 0 0 0 0 0 52850 0 18960 0 600310 0 0 0 ARCHIBALD E ASAWA EVP FIN & ADM/CFO/CHIEF INVEST OFFCR 357280 0 0 0 0 0 35728 0 13442 0 406450 0 0 0 MICHAEL WEINER VP OF ACADEMIC AFFAIRS 260417 0 0 0 0 0 26042 0 119815 0 406274 0 0 0 JOHN HEFFRON PROF. OF EDUCATIONAL HISTORY & CULTU 200065 0 0 0 0 0 20007 0 152839 0 372911 0 0 0 TOMOKO TAKAHASHI VP INST'L RES & ASSMT/DEAN GRADUATE 293441 0 0 0 0 0 29344 0 6988 0 329773 0 0 0 KATHERINE STAPCHUK VP HUMAN RESOURCES/RISK MGMT 244650 0 0 0 0 0 24465 0 19251 0 288366 0 0 0 ROBERT HAMERSLEY DEAN OF FACULTY 213892 0 0 0 0 0 21389 0 39902 0 275183 0 0 0 BRYAN PENPRASE VP OF SPONSORED RES/EXTERNAL ACADEMI 217122 0 0 0 0 0 21712 0 26549 0 265383 0 0 0 ROBERT ALLINSON PROFESSOR OF PHILOSOPHY 194154 0 0 0 0 0 19416 0 37453 0 251023 0 0 0 JOHN MIN DIRECTOR OF INFORMATION TECHNOLOGY 194750 0 0 0 0 0 19475 0 17655 0 231880 0 0 0 DAVID WELCH VP AND UNIVERSITY COUNSEL 196185 0 0 0 0 0 19619 0 5495 0 221299 0 0 0 JONATHAN MERZEL PROF. OF MATHEMATICS 196118 0 0 0 0 0 19612 0 1118 0 216848 0 0 0 KEVIN MONCRIEF VP OF MISSION INTEGRATION 185283 0 0 0 0 0 18528 0 1369 0 205180 0 0 0 DAVID M NAKABAYASHI CONTROLLER & ASST TREASURER 173993 0 0 0 0 0 17399 0 8488 0 199880 0 0 0 HIROKI SAKAI CORP SECRETARY 148812 0 0 0 0 0 14881 0 12629 0 176322 0 0 0 BRYAN PENPRASE OFFICER MORTGAGE X 300000 300000 0 1 1 300000 SOPHIA NAKABAYASHI FAMILY MEMBER OF DAVID M. NAKABAYASHI, OFFICER 28341 SALARY AND BENEFITS 0 X 7 1760 MARKET VALUE X 16635 MARKET VALUE X 5 12320 MARKET VALUE X ELECTRONICS/TOYS/GIFT BASKET 27 13680 MARKET VALUE X WINE & BEVERAGES 20 2647 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART I, LINE 1 SOKA UNIVERSITY OF AMERICA (SOKA) IS A PRIVATE, FOUR-YEAR LIBERAL ARTS COLLEGE AND GRADUATE SCHOOL LOCATED ON 103 ACRES IN ALISO VIEJO, CALIFORNIA. FOUNDED UPON THE BUDDHIST PRINCIPLES OF PEACE, HUMAN RIGHTS AND THE SANCTITY OF LIFE, SOKA IS OPEN TO TOP STUDENTS OF ALL NATIONALITIES AND BELIEFS. AROUND 50% OF SOKA'S STUDENTS COME FROM THE U.S. AND 50% HAVE COME FROM MORE THAN 45 OTHER COUNTRIES TO EXPERIENCE SOKA'S OUTSTANDING NON-SECTARIAN LIBERAL ARTS CURRICULUM. ADMITTED STUDENTS WHOSE ANNUAL FAMILY INCOME IS $90,000 OR LESS MAY BE ELIGIBLE FOR SOKA OPPORTUNITY GRANT WHICH COVER FULL TUITION. ADDITIONAL SCHOLARSHIP OPPORTUNITIES ARE AVAILABLE FOR HIGHER INCOME LEVELS. A PROUD HERITAGE SOKA EDUCATION HAS ITS ORIGINS IN THE WORK OF TSUNESABURO MAKIGUCHI, A JAPANESE EDUCATOR AND BUDDHIST LEADER. DURING WORLD WAR II, MAKIGUCHI WAS ARRESTED AS A "THOUGHT CRIMINAL" BY JAPANESE MILITARY AUTHORITIES FOR HIS OPPOSITION TO THE WAR AND FOR HIS DEFENSE OF RELIGIOUS AND EDUCATIONAL FREEDOM. HE DIED IN PRISON IN 1944. HIS PROTEGE, JOSEI TODA, WHO WAS ALSO IMPRISONED WITH MAKIGUCHI DURING THE WAR AND WAS LATER RELEASED, CARRIED ON MAKIGUCHI'S DREAM TO PROMOTE EDUCATION FOR THE SAKE OF THE HAPPINESS OF THE LEARNER. AFTER MR. TODA'S PASSING IN 1958, HIS SUCCESSOR, DAISAKU IKEDA, AN EDUCATOR, AUTHOR, PHILOSOPHER, PEACEBUILDER AND WAS PRESIDENT OF THE BUDDHIST LAY ORGANIZATION, SOKA GAKKAI INTERNATIONAL (SGI), ESTABLISHED AN ENTIRE SOKA SCHOOLS SYSTEM, WHICH RANGES FROM KINDERGARTEN TO THE 8,800-STUDENT SOKA UNIVERSITY IN JAPAN. HELPING STUDENTS LEARN HOW TO CREATE VALUE IN THEIR LIVES, THEIR COMMUNITIES AND THE WORLD IS A CENTRAL TENET OF THE SOKA SCHOOLS FOUNDED BY DAISAKU IKEDA. THE SOKA SCHOOLS HAVE ESTABLISHED A TRADITION OF HUMANISTIC LEARNING AND SCHOLARSHIP WHERE THE FOCUS IS ON EACH STUDENT'S GROWTH AND DEVELOPMENT. SOKA MEANS "TO CREATE VALUE." BACKGROUND ON SOKA UNIVERSITY OF AMERICA IN FEBRUARY 1987, A BRANCH CAMPUS OF SOKA UNIVERSITY IN JAPAN WAS ESTABLISHED AS SOKA UNIVERSITY LOS ANGELES IN CALABASAS, CALIFORNIA, TO PROVIDE ENGLISH LANGUAGE INSTRUCTION FOR STUDENTS VISITING FROM JAPAN. IN 1994, THE UNIVERSITY RECEIVED DEGREE-GRANTING APPROVAL FROM THE BUREAU FOR PRIVATE POSTSECONDARY AND VOCATIONAL EDUCATION (BPPVE) FROM THE STATE OF CALIFORNIA. AFTER RECEIVING THIS APPROVAL, THE UNIVERSITY RE-ESTABLISHED ITSELF AS AN INDEPENDENT INSTITUTION AND CHANGED ITS NAME TO SOKA UNIVERSITY OF AMERICA AND BEGAN ITS GRADUATE SCHOOL. IN 1995, SOKA ACQUIRED A 103-ACRE SITE IN ALISO VIEJO AND A NEW UNDERGRADUATE CAMPUS WAS ESTABLISHED. THE ALISO VIEJO CAMPUS WAS DEDICATED ON MAY 3, 2001, AND IN AUGUST OF THAT SAME YEAR, SOKA BEGAN ITS BACHELOR OF ARTS (BA) IN LIBERAL ARTS PROGRAM, WITH AN ENROLLMENT OF 120 STUDENTS FROM 18 COUNTRIES AND 18 STATES. THE CALABASAS CAMPUS CONTINUED TO FUNCTION AS THE SOLE CAMPUS FOR GRADUATE STUDY INSTRUCTION. SOKA MAINTAINED TWO CAMPUSES UNTIL 2005, WHEN THE DECISION WAS MADE TO CLOSE THE CALABASAS LOCATION IN 2007. ON MAY 22, 2005, THE UNDERGRADUATE PROGRAM HELD ITS FIRST COMMENCEMENT AND SOKA UNIVERSITY RECEIVED ITS ACCREDITATION FROM THE ACCREDITING COMMISSION FOR SENIOR COLLEGES AND UNIVERSITIES OF THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES (WASC.) IN APRIL 2007, THE GRADUATE SCHOOL WAS TRANSFERRED TO THE ALISO VIEJO CAMPUS. THE SOKA PERFORMING ARTS CENTER THE SOKA PERFORMING ARTS CENTER IS A 1,000 SEAT PERFORMANCE HALL WITH ACOUSTICS BY FAMED WALT DISNEY CONCERT HALL ACOUSTICIAN YASUHISA TOYOTA. THE SOKA PERFORMING ARTS CENTER AND THE ADJACENT WANGARI MAATHAI HALL ARE BOTH LEED GOLD-CERTIFIED BUILDINGS. THE SOKA PERFORMING ARTS CENTER DEDICATION TOOK PLACE ON MAY 27, 2011 WITH THE COMMENCEMENT OF THE CLASS OF 2011-PART OF SOKA'S 10TH ANNIVERSARY CELEBRATION. EVERY CONCERT SEASON, THE SOKA PERFORMING ARTS CENTER BRINGS SOME OF THE WORLD'S FINEST ARTISTS TO SOKA'S CAMPUS ENRICHING SOKA'S STUDENTS AND COMMUNITY WITH CULTURE. FROM CLASSICAL ARTISTS YO-YO MA AND EMANUEL AX TO ACADEMY OF ST. MARTIN IN THE FIELDS, TO JAZZ LEGENDS BENNY GOLSON AND KENNY BARRON, TO TALENTED LOCAL HIGH SCHOOL ORCHESTRAS AND PERFORMING GROUPS, THE VALUES AND COMMITMENT OF SOKA ARE PLAYED, SUNG AND DANCED WITH PASSION AT SOKA'S WORLD CLASS PERFORMING ARTS CENTER. THE PACIFIC BASIN RESEARCH CENTER THE PACIFIC BASIN RESEARCH CENTER (PBRC) CONDUCTS RESEARCH ON THE HUMANE AND PEACEFUL DEVELOPMENT OF THE ASIA-PACIFIC REGION, INCLUDING THE LATIN AMERICAN BORDER-STATES. TOWARD THIS END IT SUPPORTS RESEARCHERS STUDYING PUBLIC POLICY INTERACTIONS IN THE PACIFIC RIM IN SUCH AREAS AS INTERNATIONAL SECURITY, ECONOMIC AND SOCIAL DEVELOPMENT, EDUCATIONAL AND CULTURAL REFORM, ENVIRONMENTAL PROTECTION AND HUMAN RIGHTS. IN KEEPING WITH THE EDUCATIONAL MISSION OF SOKA UNIVERSITY OF AMERICA, THE CENTER ALSO SPONSORS CAMPUS CONFERENCES, OCCASIONAL LECTURE SERIES, AND STUDENT SEMINARS THAT EXTEND AND SUPPORT ITS RESEARCH ACTIVITIES. FROM THE OUTSET, PBRC HAS EMBRACED SEVERAL DISTINCT OBJECTIVES: PBRC'S WORK IS TO CARRY OUT AN EXTENSIVE RESEARCH PROGRAM, BUT WITHOUT A RESIDENT STAFF FOR THAT PURPOSE; IT CONFINES ITS GEOGRAPHICAL SCOPE TO ASIA AND THE PACIFIC BASIN, YET THE SUBJECTS STUDIED ARE OF GLOBAL SIGNIFICANCE; IT IS A FREE-STANDING AND INDEPENDENT UNIT FOCUSING ON DEVELOPING AND DIFFUSING KNOWLEDGE, BUT IT DOES NOT ENGAGE IN DIRECT CLASSROOM TEACHING. THE PBRC HOPES TO REAFFIRM SOME OF THE FUNDAMENTAL VALUES THAT ARE ESPOUSED BY THE UNIVERSITY, ESPECIALLY IN TERMS OF PROVIDING RESEARCH AIMED AT CREATING VALUE. THE SOKA INSTITUTE FOR GLOBAL SOLUTIONS LAUNCHED IN MAY 2022, THE SOKA INSTITUTE FOR GLOBAL SOLUTIONS (SIGS) SERVES AS AN ANCHOR FOR GLOBAL CITIZENS TO EXPAND THEIR COLLABORATIVE, PURPOSEFUL, AND SUSTAINING NETWORKS OF GLOBAL COOPERATION. THE INSTITUTE WAS LAUNCHED BASED ON THE VISIONS LAID OUT BY THE UNIVERSITY FOUNDER DAISAKU IKEDA IN HIS 1987 PEACE PROPOSAL. IN IT, IKEDA ENVISIONS A WORLD WITH HUMANITY-CENTERED SOVEREIGNTY. WITH THIS IN MIND, SIGS PROVIDES OUTLETS IN GLOBAL CITIZENSHIP EDUCATION KNOWLEDGE AND PRACTICES, WHILE BUILDING A NETWORK OF CITIZENS WHO SEEK PRAGMATIC SOLUTIONS TO THE MOST CHALLENGING GLOBAL PROBLEMS OF THE PRESENT ERA. FORM 990, PART III, LINE 1, CONTINUED: EMPHASIZING A NON-SECTARIAN AND HUMANISTIC CURRICULUM, THE UNIVERSITY STRIVES TO: - FOSTER LEADERS OF CULTURE IN THE COMMUNITY. - FOSTER LEADERS OF HUMANISM IN SOCIETY. - FOSTER LEADERS OF PACIFISM IN THE WORLD. - FOSTER LEADERS FOR THE CREATIVE COEXISTENCE OF NATURE AND HUMANITY. BASED ON THE SOKA EDUCATIONAL PRINCIPLES, EDUCATION IS VIEWED AS AN INTEGRATING PROCESS IN WHICH STUDENTS GAIN AN AWARENESS OF THE INTERDEPENDENCE OF THEMSELVES, OTHERS AND THE ENVIRONMENT. WISDOM, COURAGE AND COMPASSION--VALUES TREASURED BY THE UNIVERSITY-- DO NOT EXIST IN ISOLATION. THEY EMERGE IN INDIVIDUALS AS THEY LEARN THE IMPORTANCE OF SERVICE TO OTHERS, TO THE NATURAL WORLD AROUND THEM, AND TO THE GREAT CAUSE OF PEACE AND FREEDOM. FORM 990, PART III, LINE 4A, CONTINUED: THE DAISAKU IKEDA COLLEGE OF SOKA UNIVERSITY OF AMERICA OFFERS AN UNDERGRADUTE BA IN LIBERAL ARTS WITH A CONCENTRATION IN ENVIRONMENTAL STUDIES, HUMANITIES, INTERNATIONAL STUDIES, LIFE SCIENCES OR SOCIAL AND BEHAVIORAL SCIENCES. IN ADDITION TO ITS EMPHASIS ON LEADERSHIP AND CONTRIBUTIVE CITIZENSHIP, SOKA'S UNDERGRADUATE PROGRAM FEATURES THE FOLLOWING: - WITH A 7:1 STUDENT/FACULTY RATIO (AVERAGE CLASS SIZE OF 13), SOKA'S FACULTY CAN WORK INDIVIDUALLY WITH STUDENTS TO SEE HOW FAR THEY CAN GO IN EXPLORING NEW CONCEPTS AND LEARNING OPPORTUNITIES. - SOKA'S OUTSTANDING FACULTY IS OF THE HIGHEST CALIBER AND ENJOYS WORKING CLOSELY WITH STUDENTS. - MULTIPLE PERSPECTIVES ARE OFFERED TO DRAW ON DIVERSE CULTURES, TRADITIONS, AND POINTS OF VIEW WITH SPECIAL ATTENTION GIVEN TO EASTERN AND WESTERN THOUGHT AND PRACTICE, WITH AN EMPHASIS ON THE PACIFIC RIM. FORM 990, PART III, LINE 4B, CONTINUED: SOKA OFFERS A GRADUATE PROGRAM IN EDUCATIONAL LEADERSHIP AND SOCIETAL CHANGE. THE MASTER OF ARTS (MA) PROGRAM ANSWERS THE NEED FOR GLOBAL LEADERS WITH THE PRACTICAL SKILLS AND EXPERIENCE, FOUNDATIONAL KNOWLEDGE, AND ETHICAL COMMITMENTS NECESSARY TO ACHIEVE LASTING AND EFFECTIVE SOCIETAL CHANGE WITHIN THE FIELD OF EDUCATION, INCLUDING BUT NOT LIMITED TO THE CLASSROOM LEARNING ENVIRONMENT. EDUCATION TAKES PLACE ACROSS A MULTIPLICITY OF INSTITUTIONS - SOCIAL, CULTURAL, POLITICAL, AND ECONOMIC - ALL OF WHICH HAVE A PROFOUND BEARING ON SOKA'S SCHOOLS AND THE TYPE OF FUTURE CITIZENS THEY PRODUCE. THE PROGRAM TAKES AN ECOLOGICAL APPROACH TO EDUCATION, ONE THAT, AS LAWRENCE CREMIN WROTE OVER THIRTY YEARS AGO, "VIEWS EDUCATIONAL INSTITUTIONS AND CONFIGURATIONS IN RELATION TO ONE ANOTHER AND TO THE LARGER SOCIETY THAT SUSTAINS THEM AND IS IN TURN AFFECTED BY THEM." AS SUCH, THE MA PROGRAM IS GLOBAL IN SCOPE INTRODUCING STUDENTS TO THE COMPARATIVE AND INTERNATIONAL DIMENSIONS OF EDUCATION. STUDENTS STUDY AND CONDUCT RESEARCH INTO THE HISTORICAL ROOTS OF EDUCATIONAL POLICIES AND PROBLEMS AS WELL AS ON THE RELATIONSHIP BETWEEN EDUCATIONAL PHILOSOPHIES AND PRACTICES AND CONTEMPORARY SOCIAL, POLITICAL, ECONOMIC AND CULTURAL DEVELOPMENTS. RELATED AREAS OF STUDY INCLUDE COMPARATIVE AND INTERNATIONAL EDUCATION, MULTICULTURAL EDUCATION, EDUCATIONAL PSYCHOLOGY, GENDER AND EDUCATION, SCHOOL ADMINISTRATION POLICY AND PRACTICE, AND EDUCATIONAL LAW. COURSES INCLUDE A FIELDWORK COMPONENT, PROVIDING HANDS-ON OPPORTUNITIES TO SHADOW ADMINISTRATORS, ANALYZE ORGANIZATIONAL DYNAMICS, AND EVALUATE CURRICULUM. UNDER THE SUPERVISION OF A PRINCIPAL PROFESSOR, STUDENTS INTEGRATE THEIR FIELDWORK AND EDUCATIONAL RESEARCH TO PRODUCE A MASTER'S THESIS FOR GRADUATION. THE PROGRAM IS DESIGNED TO PREPARE STUDENTS FOR ADVANCED DEGREES (E.G., PHD OR EDD) AND FOR LEADERSHIP ROLES IN PUBLIC AND PRIVATE SCHOOLING, GOVERNMENTAL AND NON-GOVERNMENTAL ORGANIZATIONS, AND IN THE ENTREPRENEURIAL SECTOR, PARTICULARLY IN THE GROWING AREA OF EDUCATIONAL PUBLISHING AND OTHER MEDIA. GRADUATES ARE IN EXCELLENT POSITIONS TO INITIATE LEADERSHIP IN K-12 CLASSROOM SETTINGS, IN MANAGERIAL POSITIONS AS PRINCIPALS AND VICE PRINCIPALS OR AS ADMINISTRATORS AT THE DISTRICT-LEVEL, AND IN PUBLIC POLICY INSTITUTIONS AROUND THE WORLD. FORM 990, PART III, LINE 4C, CONTINUED: THE ENGLISH LANGUAGE PROGRAMS (ELP) WAS ESTABLISHED IN 1987 AT THE CALABASAS CAMPUS, PROVIDING ESL INSTRUCTION TO SOKA UNIVERSITY STUDENTS FROM JAPAN. CURRENTLY, THE ELP OFFERS ACADEMIC PREPARATION THAT STRENGTHENS ACADEMIC ENGLISH, COMMUNICATION, AND CRITICAL THINKING SKILLS NECESSARY FOR SUCCESS IN THE UNDERGRADUATE PROGRAM (EXTENDED BRIDGE/SUMMER BRIDGE). IN ADDITION, ELP CONTINUES TO HOLD SHORT INTENSIVE ENGLISH PROGRAMS IN THE SUMMER FOR INTERNATIONAL STUDENTS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS INCORPORATED IN THE STATE OF CALIFORNIA AS A 501(C)(3) NON-PROFIT PUBLIC BENEFIT CORPORATION WITH A SOLE MEMBER, THE SOKA GAKKAI, A RELIGIOUS CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S SOLE MEMBER HAS THE RIGHT TO VOTE FOR THE ELECTION OR REMOVAL OF THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER APPROVES DECISIONS OF THE GOVERNING BODY WITH REGARD TO DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF SUA, MERGERS OR DISSOLUTION OF THE ORGANIZATION AND ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION AND MOST AMENDMENTS TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES HAS DELEGATED THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. THE ORGANIZATION'S CHIEF FINANCIAL OFFICER WORKS CLOSELY WITH THE OUTSIDE ACCOUNTING FIRM IT ENGAGES TO REVIEW THE RETURN; THE FINAL VERSION OF THE FORM 990 RETURN IS ALSO REVIEWED BY THE CONTROLLER PRIOR TO PROVIDING THE RETURN TO THE AUDIT COMMITTEE. IN ADDITION TO CONSULTING WITH THE CONTROLLER AND CHIEF FINANCIAL OFFICER, THE AUDIT COMMITTEE MAY AT ITS DISCRETION MEET WITH ANY OTHER UNIVERSITY PERSONNEL INVOLVED WITH THE PREPARATION OF THE FORM 990. THE AUDIT COMMITTEE ALSO MET WITH THE ACCOUNTING FIRM HIRED TO PREPARE THE FORM 990. SUBSEQUENT TO ITS REVIEW, THE AUDIT COMMITTEE REPORTS BACK TO THE BOARD REGARDING ITS OVERSIGHT OF THE FORM 990 AND THE FINALIZED RETURN IS PROVIDED TO ALL OF THE VOTING MEMBERS OF THE BOARD BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD SECRETARY IS CHARGED WITH MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND ADDRESSING ANY POTENTIAL OR ACTUAL CONFLICTS. PURSUANT TO THE CONFLICT OF INTEREST POLICY, AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE, AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIPS AND TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT, IS DISTRIBUTED TO ALL COVERED PERSONS (I.E., BOARD MEMBERS, OFFICERS AND EXECUTIVE LEADERSHIP OR KEY EMPLOYEES). COVERED PERSONS ARE REQUIRED TO DISCLOSE REAL OR POTENTIAL CONFLICTS AT THE TIME WHEN SUCH CONFLICTS ARISE. WHEN SOMEONE BECOMES A COVERED PERSON AND ANNUALLY THEREAFTER, EACH COVERED PERSON IS REQUIRED TO SIGN A STATEMENT AFFIRMING THAT HE/SHE: (1) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (2) HAS READ THE POLICY AND UNDERSTANDS SAID POLICY; AND (3) AGREES TO COMPLY WITH ALL REQUIREMENTS OF THE POLICY, INCLUDING COMPLETING THE CONFLICT OF INTEREST QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE BOARD SECRETARY AND ANY PERSONS WITH ACTUAL OR POTENTIAL CONFLICTS ARE INFORMED VIA WRITTEN COMMUNICATION. THE PROCEDURES FOR ADDRESSING ANY CONFLICT OF INTEREST INCLUDES, BUT IS NOT LIMITED TO, THE FOLLOWING: (1) THE CONFLICTING INTEREST IS FULLY DISCLOSED TO THE BOARD; (2) THE INTERESTED PERSON RESPONDS TO FACTUAL QUESTIONS RELATED TO THE SUBSTANCE OF THE TRANSACTION OR ARRANGEMENT BEING CONSIDERED, AFTER WHICH HE/SHE SHALL LEAVE THE MEETING; (3) THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OR DISAPPROVAL OF SUCH TRANSACTION; (4) ALTERNATIVES TO THE PROPOSED TRANSACTION ARE INVESTIGATED, COMPETITIVE BIDS OR COMPARABLE VALUATIONS ARE OBTAINED; (5) ANY CONFLICTING ISSUES DURING THE COURSE OF A BOARD MEETING WHICH CANNOT BE RESOLVED ARE REFERRED TO THE EXECUTIVE COMMITTEE; AND (6) THE TRANSACTION OR ACTION MUST BE APPROVED BY A MAJORITY OF DISINTERESTED PERSONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION ARRANGEMENTS INVOLVING ANY OF THE ORGANIZATION'S OFFICERS ARE ESTABLISHED PURSUANT TO A PROCESS THAT SATISFIES THE REBUTTABLE PRESUMPTION OF REASONABLENESS AS PROVIDED FOR IN IRC SEC. 4958 (EXCESS BENEFIT TRANSACTION TAX). THIS PROCESS REQUIRES A REVIEW OF COMPENSATION DETERMINATIONS BY DISINTERESTED PERSONS, THE USE OF COMPARABILITY DATA, AND CONTEMPORANEOUS DOCUMENTATION OF THE DECISION-MAKING PROCESS. THE BOARD REVIEWS THE ANNUAL PERFORMANCE OF OFFICERS AND DETERMINES APPROPRIATE COMPENSATION LEVELS BASED UPON EXTERNAL SALARY DATA. THEIR REVIEW INCLUDES BENCHMARKING DATA FOR THE TOTAL COMPENSATION AND BENEFITS PACKAGES OF OFFICERS, INCLUDING TOTAL ECONOMIC BENEFITS PAID BY ORGANIZATIONS WHICH THE GOVERNING BODY BELIEVES ARE SIMILARLY SITUATED FOR SIMILAR JOB RESPONSIBILITIES, AS OBTAINED FROM INDEPENDENT THIRD-PARTY SOURCES. THE OFFICERS FOR WHOM THIS PROCESS IS PERFORMED ANNUALLY INCLUDE THE PRESIDENT, EXECUTIVE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION & CHIEF FINANCIAL OFFICER AND CHIEF INVESTMENT OFFICER AND OTHER SENIOR STAFF. THE BOARD'S WRITTEN RECORDS INCLUDE THE (1) TERMS OF THE ARRANGEMENT WITH THE DISQUALIFIED PERSON (INCLUDING THE DATE THE ARRANGEMENT WAS APPROVED); (2) A LIST OF TRUSTEES PRESENT DURING THE DEBATE ON THE TRANSACTION (AND HOW THE MEMBERS VOTED WHEN IT WAS APPROVED); AND (3) A DESCRIPTION OF THE COMPARABLE DATA RELIED ON BY THE COMMITTEE. KEY DELIBERATIONS, A DESCRIPTION OF THE COMPARABILITY DATA, HOW IT WAS OBTAINED, THE MEMBERS PRESENT AND HOW THEY VOTED, WAS DOCUMENTED IN THE MAY 25, 2023 BOARD MEETING MINUTES FOR THE FISCAL YEAR ENDING JUNE 30, 2024 COMPENSATION PACKAGES, AND COMPARABLE DATA ARE KEPT WITH THE MINUTES OF THE MEETING OR WITH THE BOARD SECRETARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: K-1 PASSTHROUGH -465,092. ROUNDING -3,374. BAD DEBT ADJUSTMENT -489,558. LUIS & LINDA NIEVES FAMILY FOUNDATION 1174 MONTICELLO ROAD NAPA CA 94558 202054708 SUPPORTING CA 501(C)(3) LINE 12A, I SOKA UNIVERSITY OF AMERICA 1 SOKA GAKKAI 32 SHINANO-MACHI SHINJUKU-KU TOKYO JA 160-8583 RELIGIOUS JA N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LUIS & LINDA NIEVES FAMILY FOUNDATION C 400000 CASH