2021-03-26T18:48:48-05:00 2020-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2019-07-01 952113260 MARYMOUNT CALIFORNIA UNIVERSITY MARY 3103775501 30800 PALOS VERDES DRIVE EAST RANCHO PALOS VERDES CA 90275 RICHARD ANDERSON CFO 3103775501 2021-03-23 1 DONITA M JOSEPH P00286656 5624351191 2021-03-23 2019 2022-09-23 18:48:47Z BRIAN MARCOTTE 30800 PALOS VERDES DRIVE EAST RANCHO PALOS VERDES CA 90275 27094022 0 X WWW.MARYMOUNTCALIFORNIA.EDU X 1968 CA MARYMOUNT CALIFORNIA UNIVERSITY IS A CATHOLIC INSTITUTION THAT WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION. 12 11 312 11 0 0 379867 599898 30611487 25661335 568196 811853 166224 20936 31725774 27094022 9303895 8624464 0 0 11007881 10694019 0 0 374002 12534122 10893191 32845898 30211674 -1120124 -3117652 42894249 44710924 6422171 11804734 36472078 32906190 X MARYMOUNT CALIFORNIA UNIVERSITY IS A CATHOLIC INSTITUTION THAT WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION. WE FOSTER A STUDENT-CENTERED APPROACH TO LEARNING THAT PROMOTES THE DEVELOPMENT OF THE WHOLE PERSON. INSPIRED BY THE RELIGIOUS OF THE SACRED HEART OF MARY, WE CHALLENGE OUR STUDENTS TO PURSUE LIVES OF LEADERSHIP AND SERVICE. MARYMOUNT CALIFORNIA UNIVERSITY EMPOWERS ITS STUDENTS THROUGH AN EDUCATIONAL PROGRAM THAT DEVELOPS PRINCIPLED THINKERS IN THE CATHOLIC LIBERAL ARTS TRADITION. WE PROMOTE AN OPEN AND WELCOMING CAMPUS THAT BUILDS SKILLS FOR LIFELONG LEARNING. WE ASSIST STUDENTS TO REACH THEIR GOALS IN HIGHER EDUCATION. WE STRIVE TO GRADUATE STUDENTS WHO EMBODY THE VIRTUES OF INTEGRITY, RESPECT FOR HUMAN DIGNITY AND COMMITMENT TO JUSTICE. 0 0 14079964 8624464 119455 STUDENT SERVICES - THE OFFICE OF FINANCIAL AID AWARDED TO APPROXIMATELY 619 STUDENTS SCHOLARSHIP AND FINANCIAL ASSISTANCE IN FISCAL YEAR 2019-2020. 4537473 21769686 INSTRUCTION - THE COLLEGE SERVED APPROXIMATELY 662 FULL TIME EQUIVALENT COLLEGE STUDENTS IN FISCAL YEAR 2019-2020. 5446460 3353069 AUXILIARY ENTERPRISES (E.G. STUDENT HOUSING, FOOD SERVICE AND TRANSPORTATION). 24063897 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 66 0 1 312 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X DEBORA YAVAS 3103775501 30800 PALOS VERDES DRIVE EAST RANCHO PALOS VERDES CA 90275 BRIAN MARCOTTE PRESIDENT 55.00 X X 202500 0 0 BRET JOHNSEN CHAIR 1.00 X 0 0 0 RICK EDLER VICE CHAIR 1.00 X 0 0 0 BURT ARNOLD PAST CHAIR 1.00 X 0 0 0 SR ANTOINE-MARIE BAURIER SECRETARY 1.00 X 0 0 0 RANDY BOWERS FINANCE CHAIR 1.00 X 0 0 0 HON JOSE H GOMEZ TRUSTEE 1.00 X 0 0 0 LEE LIGONS TRUSTEE 1.00 X 0 0 0 CAROLINE SAYERS CHAIR, ADMISSIONS, RETENTION, STUDENT DEVELOPMENT 1.00 X 0 0 0 DR SUE SOLDOFF DEVELOPMENT CHAIR 1.00 X 0 0 0 FR MARK VILLANO TRUSTEE 1.00 X 0 0 0 CHRISTOPHER WARMUTH TRUSTEE 1.00 X 0 0 0 THOMAS RICCI AUDIT CHAIR (THRU 2/2020) 1.00 X 0 0 0 DR KEVIN BAXTER TRUSTEE (THRU 6/2020) 1.00 X 0 0 0 ERIC EISENBERG TRUSTEE (THRU 6/2020) 1.00 X 0 0 0 ARIANE SCHAUER PROVOST & EXECUTIVE VICE PRESIDENT 40.00 X 200000 0 25792 ROBYN JONES VICE PRESIDENT OF ENROLLMENT MANAGEMENT 40.00 X 165000 0 381 RYAN ALCANTARA VP OF STUDENT AFFAIRS & DEAN OF STUDENTS 40.00 X 147000 0 8836 KIMBERLY BLUE WADE DEPT. CHAIR OF MULTIDISCIPLINARY STUDIES 40.00 X 124000 0 10076 DEBORA YAVAS ACCOUNTING BUDGET MGR/INTERIM CFO 40.00 X 118875 0 25000 KAREN THORDARSON DIRECTOR OF HUMAN RESOURCES 40.00 X 108500 0 35293 DAVID DRAPER DEPT. CHAIR OF BEHAVIORAL SCIENCES 40.00 X 108250 0 8965 1174125 0 114343 12 0 1 0 SSC SERVICE SOLUTIONS 1225 E WEISGARBER KNOXVILLE TN 37950 GROUND MAINTENANCE 1132628 C & CONSTRUCTION 2637 CAMINO DEL SOL FULLERTON CA 92833 CONSTRUCTION 928736 CAMPUS MANAGEMENT CORP 5201 CONGRESS AVE 220A BOCA RATON FL 33487 SOFTWARE 551751 DIVERGEIT 2980 COLUMBIA STREET TORRANCE CA 90503 IT SUPPORT 344208 TRAFFIK LLC 874 SPECTRUM CENTER DR IRVINE CA 92618 MARKETING 122520 6 599898 10519 599898 TUITION & FEES 999999 22188811 22188811 AUXILIARY ENTERPRISES 999999 3353069 3353069 STUDENT SERVICES 900099 119455 119455 25661335 811853 811853 RECOVERY OF INDIRECT COSTS 900099 20936 20936 20936 27094022 25661335 0 832789 8624464 8624464 757832 717332 40500 7532996 5940555 1422990 169451 367656 230362 130628 6666 1447940 868073 556010 23857 587595 464081 113222 10292 71050 71050 71774 71774 1187011 275990 785262 125759 99737 95192 4545 316129 183374 128469 4286 750905 238132 510384 2389 2385727 1558156 827571 200508 178597 21911 2245283 1970895 274388 286800 83958 202842 UNIVERSITY SERVICES 2205023 2088358 115070 1595 BANK & ADMIN FEES 180944 1263 179681 EQUIPMENT RENTAL 179796 133713 46083 DUES AND SUBSCRIPTIONS 177546 125180 51956 410 534958 286222 223984 24752 30211674 24063897 5773775 374002 X 5491 121177 2872966 5119378 110000 275000 244114 367000 96714 110494 48137959 22643720 26630888 25494239 12934076 11768941 1406472 0 48223 42894249 44710924 627392 683425 577672 521210 4148765 3713616 1068342 6886483 6422171 11804734 X 27452015 24071841 9020063 8834349 36472078 32906190 42894249 44710924 -3117652 -448236 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 12939075 102025 237840 103528 13175412 12360679 120283 575508 117395 12939075 10714170 1060813 625209 39513 12360679 9611699 25515 1077056 100 10714170 9754899 160300 -303500 9611699 0.73000 0.07000 0.20000 1 0 7436400 7436400 9885521 4175670 5709851 22335212 13070729 9264483 4922279 4288482 633797 3558547 1108839 2449708 25494239 ACCRUED EMPLOYEES SALARIES & BENEFITS 849234 CAPITAL LEASE OBLIGATIONS 62779 PPP LOAN 1974470 LINE OF CREDIT 4000000 6886483 X 17949548 -448236 -448236 18397784 71774 8624464 8696238 27094022 21515436 0 21515436 71774 8624464 8696238 30211674 PART V, LINE 4: THE INTENDED USES OF MARYMOUNT CALIFORNIA UNIVERSITY'S ENDOWMENT FUNDS INCLUDE A VARIETY OF PURPOSES INCLUDING FUNDING OF SCHOLARSHIPS, ACADEMIC SUPPORT, CAPITAL AND OTHER SPECIAL PROJECTS. PART X, LINE 2: THE UNIVERSITY ADOPTED FASB ASC TOPIC NO. 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (ASC 740). IN ACCORDANCE WITH ASC 740, THE UNIVERSITY RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE UNIVERSITY HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY RECOGNIZES THE POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. THE UNIVERSITY IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA IS FOUR YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID ASSISTANCE RECOGNIZED AS GRANTS TO INDIVIDUALS 8,624,464. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID ASSISTANCE RECOGNIZED AS GRANTS TO INDIVIDUALS 8,624,464. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A NOTICE OF THE UNIVERSITY'S NONDISCRIMINATORY POLICY IS PUBLISHED AND ADVERTISED TO THE PUBLIC VIA BOTH THE UNIVERSITY'S WEBSITE AND BROCHURES IN ACCORDANCE WITH REVENUE PROCEDURE 75-50. SCHEDULE E, PART I, LINE 6 THE COLLEGE ADMINISTERS FEDERAL GOVERNMENT FINANCIAL AID TO ITS STUDENTS. THE COLLEGE IS ALSO THE FISCAL AGENT OF PROJECT GRAD LOS ANGELES THE RECIPIENT OF GEARUP FUNDS FROM THE U.S. DEPARTMENT OF EDUCATION. 1 STUDENT FINANCIAL AID 619 8205339 HEERF GRANTS 479 419125 PART I, LINE 2: PELL GRANT ORIGINATION, DISBURSEMENT AND RECONCILIATION IS THE RESPONSIBILITY OF THE DIRECTOR AND ASSOCIATE DIRECTOR. CNS PRODUCES PELL GRANT ORIGINATION AND DISBURSEMENT RECORDS, WHICH ARE SENT VIA EDCONNECT THROUGH THE COMMON ORIGINATION AND DISBURSEMENT (COD) PROCESS. STATEMENT OF ACCOUNTS FILES ARE RECONCILED MONTHLY BETWEEN CNS AND STUDENT ACCOUNTS, COD AND FINANCIAL AID AND BETWEEN FINANCIAL AID AND STUDENT ACCOUNTS. THE DIRECTOR & ASSOCIATE DIRECTOR ARE RESPONSIBLE FOR THE ADMINISTRATION OF THE CAL GRANT PROGRAM. THE WEBGRANTS ROSTER FROM THE CALIFORNIA STUDENT AID COMMISSION IS USED TO DETERMINE A STUDENT'S ELIGIBILITY FOR A CAL GRANT AWARD. RECONCILIATION IS COMPLETED EVERY TERM AFTER PAYMENT TRANSACTIONS ARE REPORTED THROUGH WEBGRANTS ON A STUDENT-BY-STUDENT BASIS. THE DIRECTOR & ASSOCIATE DIRECTOR ARE RESPONSIBLE FOR THE ADMINISTRATION OF THE INSTITUTIONAL GRANTS & SCHOLARSHIPS. INSTITUTIONAL GRANTS & SCHOLARSHIPS ARE AWARDED TO STUDENTS THAT MEET THE SPECIFIC AWARD'S CRITERIA. THE INSTITUTIONAL GRANTS & SCHOLARSHIPS ARE POSTED IN CNS AND BATCHED OVER TO STUDENT ACCOUNTS ONCE PAYMENT HAS BEEN MADE. X X 0 0 0 0 0 0 0 0 0 BRIAN MARCOTTE PRESIDENT 202500 0 0 0 0 0 0 0 0 0 202500 0 0 0 ARIANE SCHAUER PROVOST & EXECUTIVE VICE PRESIDENT 200000 0 0 0 0 0 16182 0 9610 0 225792 0 0 0 ROBYN JONES VICE PRESIDENT OF ENROLLMENT MANAGEM 165000 0 0 0 0 0 0 0 381 0 165381 0 0 0 RYAN ALCANTARA VP OF STUDENT AFFAIRS & DEAN OF STUD 147000 0 0 0 0 0 8836 0 0 0 155836 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE INFORMATIONAL RETURN WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED AND APPROVED BY MANAGEMENT. ONCE APPROVED BY THE MANAGEMENT, THE RETURN WAS PROVIDED TO THE REST OF THE BOARD PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF TRUSTEE MEMBERS ARE REQUIRED TO SIGN A STATEMENT ACKNOWLEDGING THEY UNDERSTAND OUR CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY SUCH CONFLICTS. VENDOR SELECTIONS MUST BE SUPPORTED BY 3 SEPARATE QUOTES, AND MULTIPLE APPROVAL SIGNATURES ARE REQUIRED ON CONTRACTS AND EXPENDITURES IN ORDER TO ENSURE OBJECTIVE DECISIONS ARE MADE WITH CHECKS AND BALANCES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD OF TRUSTEES PERIODICALLY REVIEWS THE PRESIDENT'S COMPENSATION PACKAGE IN ITS CONSIDERATION. THE BOARD REVIEWS DATA PROVIDED BY SUCH ORGANIZATION AS ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES AS WELL AS OTHER DATA SOURCE. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY'S FORM 990 IS AVAILABLE TO THE PUBLIC EITHER THROUGH WWW.GUIDESTAR.ORG OR UPON WRITTEN REQUEST. THE UNIVERSITY WAS FORMED IN 1968 AND, HENCE, IS NOT REQUIRED TO MAKE THE FORM 1023 AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. THE INFORMATIONAL RETURNS ARE ALSO MADE AVAILABLE TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG, A PUBLIC WEBSITE. FORM 990, PART X, LINE 25: IN MARCH 2020, CONGRESS PASSED THE PAYCHECK PROTECTION PROGRAM (PPP) UNDER DIVISION A, TITLE I OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT, AUTHORIZING LOANS TO SMALL BUSINESSES FOR USE IN PAYING EMPLOYEES THAT THEY CONTINUE TO EMPLOY THROUGHOUT THE COVID-19 PANDEMIC AND FOR RENT, UTILITIES AND INTEREST ON MORTGAGES. LOANS OBTAINED THROUGH THE PROGRAM ARE ELIGIBLE TO BE FORGIVEN AS LONG AS THE PROCEEDS ARE USED FOR QUALIFYING PURPOSES AND CERTAIN OTHER CONDITIONS ARE MET. ON APRIL 22, 2020, THE UNIVERSITY RECEIVED A LOAN IN THE AMOUNT OF $1,974,470 THROUGH THE PPP. MANAGEMENT EXPECTS THAT THE ENTIRE LOAN WILL BE USED FOR QUALIFYING PURPOSES; THEREFORE, MANAGEMENT ANTICIPATES THAT THE LOAN WILL BE SUBSTANTIALLY FORGIVEN. TO THE EXTENT IT IS NOT FORGIVEN, THE UNIVERSITY WOULD BE REQUIRED TO REPAY THAT PORTION AT AN INTEREST RATE OF 1% BY APRIL 2022. FINAL APPROVAL OF ANY LOAN FORGIVENESS AMOUNT, WHICH MANAGEMENT BELIEVES WILL BE GRANTED AT LEAST IN PART, IS SUBJECTED TO THE DETERMINATIONS OF THE SMALL BUSINESS ADMINISTRATION. THE UNIVERSITY HAS APPLIED FOR LOAN FORGIVENESS IN AUGUST 2020.